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Some highly recommended books
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Some highly recommended books

  #71 (permalink)
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I like the Taleb stuff. Here's a bunch.
Edge Search Results


and here's one to start with.
THE OPIATES OF THE MIDDLE CLASSES
We humans are naturally gullible — disbelieving requires an extraordinary expenditure of energy. It is a limited resource. I suggest ranking the skepticism by its consequences on our lives....
Edge: THE OPIATES OF THE MIDDLE CLASSES by Nassim Taleb

“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
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  #72 (permalink)
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Andrew View Post
first really great thanks to Big Mike for that thread and of course for the whole forum.

secondly, I have question which may be somebody can help me answer.
I've interested to read just some simple books like Market Wizards or better like Pit Bull by Martin Shwartz
anyone can recommend something similar ?

Thanks in advance.

Krgds,
Andrew

I have not read it but I believe "Entries & Exits" by Dr. Alexander Elder is similar in design to Market Wizards. I plan on reading it soon. Also, don't forget there are two Market Wizards books, both of which are great.

Blz

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  #73 (permalink)
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Blz,

Thank you.
I've read both Market Wizards.
Now I'm "dreaming" about Pit Bull and then want to find more similar books.
I enjoy memoirs a lot.
Reasons are simple :
- usually the only serious and well recognized person write memoirs
- memoirs usually very informative, if to read it attentively
- also...what is better, for example, to read book about politics written by some author "he thinks he pro in politics" or 4 book memoirs written by Churchill

Krgds,
Andrew


Blz17 View Post
I have not read it but I believe "Entries & Exits" by Dr. Alexander Elder is similar in design to Market Wizards. I plan on reading it soon. Also, don't forget there are two Market Wizards books, both of which are great.

Blz


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  #74 (permalink)
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Blz17 View Post
I have not read it but I believe "Entries & Exits" by Dr. Alexander Elder is similar in design to Market Wizards. I plan on reading it soon. Also, don't forget there are two Market Wizards books, both of which are great.

Don't waste your time. It's not market wizards just some of his students who agreed to be interviews. They tell the basics of what they do and it's all based on indicators like macd. Then you get Dr. alex's comments on how he would have traded it, in hindsight of course! I didn't even finish the book.

if you want to go down the MACD divergence and indicator route, then I highly recommend it. But for everyone else, I say skip it.

Seeing people walk through their own trades, with comments in hindsight, I think it's painful. I'm reading joe ross's book "trading by the book". He decides to label a pt #2 when I don't think any normal person would have done that. Of course it gives him a great entry. Or labeling a #2 pt some place mid-bar that ends up giving a perfect fib retrace. I'm not accusing anyone of anything, just saying that walking through trades in hindsight isn't that accurate.

Now if someone made their chart and captured it and then goes back over it, that's a different story. but if I pull up a chart of CL from 2 months ago and start annotating it, well that's always a bit subjective..

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  #75 (permalink)
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Andrew View Post
Now I'm "dreaming" about Pit Bull and then want to find more similar books.
I enjoy memoirs a lot.

I agree, I love that book and look forward to reading it again. One of the things I remember "Going for the gold!"

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  #76 (permalink)
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Cunparis

I've not read that yet
Also what I want to read "God in Pits", I like how the brothers started, their story, it's a lot about strong personality and hard work.

Krgds,
Andrew


cunparis View Post
I agree, I love that book and look forward to reading it again. One of the things I remember "Going for the gold!"


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  #77 (permalink)
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Cunparis,

Thank you for advice.

I don't interested to read about MACD, what I want I know about it.
However when I've traded without any indicators, just volume and price I was consistently profitable, my "indicators period"...waste of time and money as well as "understanding of market". I wish I could never learned and used indicators

Krgds,
Andrew


cunparis View Post
Don't waste your time. It's not market wizards just some of his students who agreed to be interviews. They tell the basics of what they do and it's all based on indicators like macd. Then you get Dr. alex's comments on how he would have traded it, in hindsight of course! I didn't even finish the book.

if you want to go down the MACD divergence and indicator route, then I highly recommend it. But for everyone else, I say skip it.

Seeing people walk through their own trades, with comments in hindsight, I think it's painful. I'm reading joe ross's book "trading by the book". He decides to label a pt #2 when I don't think any normal person would have done that. Of course it gives him a great entry. Or labeling a #2 pt some place mid-bar that ends up giving a perfect fib retrace. I'm not accusing anyone of anything, just saying that walking through trades in hindsight isn't that accurate.

Now if someone made their chart and captured it and then goes back over it, that's a different story. but if I pull up a chart of CL from 2 months ago and start annotating it, well that's always a bit subjective..


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  #78 (permalink)
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cunparis View Post
I started listening to the audio book. I gave up after bout 30 minutes. It seems too touchey feely. letting go. Maybe it's cause I've learned to do this on my own but I don't feel like I have anything to let go of.

I guess if someone was really stressed or anxious bout trading maybe this book could help. but also if the person traded simulator for 6 months I think that would cure it too.

Anyone else tried it?

BTW no one recommended "Think and Grow Rich". That book is truly excellent and aimed at achievers and not losers.

Cunparis,
LOL!!! too funny... but maybe you don't have as many issues as some of us -- or maybe I should qualify that and say *me*.. or something. I tried the trading SIM part before I tried the book, but I traded very successfully in SIM -- but not live.

Anyway, maybe the book is too touchy feely for some. But I like it (some of you will just laugh and say "of course.." But that's ok.) It seems to help me. Needless to say, I seem to have issues with wanting approval and security.. definitely never any control issues.

I do find it's been helpful to be more aware what's driving my thoughts and behavior.. or what was in the past anyway. Being more aware hopefully will help.

On the other hand, I do also like the Napolean Hill book a great deal, too.

thanks!

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  #79 (permalink)
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1 good french book about futures that I'm reading:

TRADING ET CONTRATS FUTURES DE BERNARD PRATS-DESCLAUX

Pour personne ayant déjà quelques bases en trading et analyse technique,
même si on retrouve un schéma assez classique dans le genre, ce livre est très pragmatique, ne vend pas du rêve mais permet une approche pratique basé sur l'expérience de l'auteur.

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  #80 (permalink)
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goldilocks View Post

On the other hand, I do also like the Napolean Hill book a great deal, too.

thanks!

I listen the audio book ... and it is nice to hear, but now i know all is the same (Sedona, Core, Meditation ...)

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