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Some highly recommended books


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Some highly recommended books

  #81 (permalink)
 brucebx 
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So many books and so little time. Try to balance book on psychology, money managment, strategy development. Have stopped buying books and now just reading the ones I already own.

Mark Douglas, Brett Steenbarg and Van Tharp have excellent books on trading psychology.

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  #82 (permalink)
 
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 wh 
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here my new book:


Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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  #83 (permalink)
 
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 Big Mike 
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wh View Post
here my new book:


Cool, so we can expect some fancy new indicators and strategies?

Mike

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  #84 (permalink)
 
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 wh 
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i like this Art of War better then other

Causality is the relationship between an event (the cause) and a second event (the effect), where the second event is a consequence of the first.
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  #85 (permalink)
 
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 ronan2505 
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Trade what you see, highly recommended. Goes from simply to more advanced harmonic numbers, Pattern Recognition etc, Also goes into money and risk management, another helpful section was trading a trend day.

Another of my favourites is one of Mikes above, Trading in the Zone

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  #86 (permalink)
 Bobcat 
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Golf Is Not A Game Of Perfect by Dr Bob Rotella.

This book is not about trading, however it was recommended to me by a non-golfing trading mentor. It is currently is on Don Miller's list of books to read.
There are many parallels between the psychological aspects of golf and trading. The book deals with mental preparation, confidence, decision making, decisiveness vs being correct, playing the high percentage shots, playing within your own capabilities, positive expectations and so on. The difference between top pros the middle of the pack, is only a few shots, and how they come back from a bad shot (or losing trade!). This is an easy read, and the principles can easily be applied to trading.

And it will definately help your golf game!

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  #87 (permalink)
 
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 cclsys 
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Tsun Tzu's Art of War - the Denma Translation.
Rules of Victory - further commentary on Art of War by Denma Translation.

I know the translators. They spent years on this and know the subject matter in depth. If you take the time to read their truly superior commentary in the first book, the text opens up and becomes applicable to anything from running a business, a family, a lawsuit, a country, a war or... a trading campaign. The second book was a result of the many presentations they gave after publishing the first and is geared towards further interpreting the approach to all situations.

Pay special attention to sections on how to manage shih. It is a very simple, intuitive concept but one lacking in our culture. Briefly put: everything is interconnected and relative. A rock is solid relative to air but not compared to a sun crashing into it. Moreover, a rock does not move in most situations, but place a round rock on top of a hill and give it a little nudge, it will start rolling down and then become a destructive force for those below. That shift in energetic characteristics in a powerful way is 'shih'. It involves seeing into the nature of any situation and its component variables and learning how to perceive, anticipate or engender shih. Highly applicable to getting feel for markets.

Of old the skilled first made themselves invincible to await the enemy's vincibility.
Invincibility lies in oneself. Vincibility lies in the enemy.
Thus the skilled can make themselves invincible.
They cannot cause the enemy's vincibility.
Thus it is said: 'Victory can be known; it cannot be made.'
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  #88 (permalink)
 
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 cbritton 
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I read this book a few months back and I find it very useful in applications to trading psychology.



Amazon.com: On Being Certain: Believing You Are Right Even When You're Not (9780312541521): Robert Burton: Books

This is not a book about trading, but more about the psychology of decisions.

It describes that feeling of being right, of the conviction that we make the right decision about something because it FEELS right and how this originates in the mind.

Here's another book along the same vein a friend recommended, but I have not read:




Amazon.com: Blind Spots: Why Smart People Do Dumb Things (9781591025092): Madeleine L. Van Hecke: Books


Regards,
-C

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 Big Mike 
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Thanks. I am looking for a good crowd psychology book written in the context of the market, if anyone has recommendations.

Mike

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  #90 (permalink)
 thatguy 
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Big Mike View Post
Thanks. I am looking for a good crowd psychology book written in the context of the market, if anyone has recommendations.

Mike


These might be of interest to you:

Amazon.com: Extraordinary Popular Delusions and The Madness of Crowds (9781578988082): Charles Mackay: Books

Amazon.com: Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (9780470474808): William Bonner, Lila Rajiva: Books

Amazon.com: Trading With Crowd Psychology (Wiley Trading) (9780471387749): Carl Gyllenram: Books

Amazon.com: Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich (9780743276696): Jason Zweig: Books

Amazon.com: The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Book, Big Profits) (9780470686027): James Montier: Books

Amazon.com: Behavioural Investing: A Practitioners Guide to Applying Behavioural Finance (Wiley Finance) (9780470516706): James Montier: Books

Amazon.com: Fear, Greed & Panic: The Psychology of the Stock Market (9780471486596): David Cohen: Books

Amazon.com: The Psychology of the Stock Market (9781596051232): G. C. Selden: Books

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