Registered: Sep 2011
04-12-12 08:19 PM
Quote from trader198:
that is interesting story. me too, I started with 4k, and almost know nothing about the market, follow my instinct, and in short time, my account gained 10 fold more gains. then I stumbled onto a minor drawdown, I thought I may need read or learn trading seriously. so I read lots of books, and went through forums etc.
the most harmful books I read is: trading in the zone, others such as disciplined trader. those are a shit book. teach you how to lose. put too much attention on technicals, if this breaks, then what, if this indicator ..... in reality, who konws when a move will happen.
those books suggest I need stop loss, bla ... each time I read, I stumbled ...
then I realized trading is not about stop loss/economic data/projection, just common sense: buy low, sell high.
avoid any suggestions/books/tutorials/TV/news/opinions, think independly and trust yourself. you will be among the 10%. that is my conclusion.
Those books are psychology, nothing about technicals, he says right in his zone book "The trading system you choose can be mathematical, mechanical, or visual (based on patterns on price charts). It doesn't matter whether you personally design the system or purchase it from someone else, nor do you need to take along time or be too picky trying to develop the best or right sstem."
He says "For those of you who might be wondering, I'm not going to make any recommendations about what system or variables you should use"
This is page 189 and 190.
Where's the pages with all this " technicals, if this breaks, then what, if this indicator" ??????