Another thumbs up for "Traders Of The New Era" book

Discussion in 'Prop Firms' started by 847trader, Jun 24, 2014.

  1. I know there is another thread about this book but it got hijacked with discussions about algorithmic trading and the pros/cons of backtesting....so I thought I would start a new thread.

    Traders Of The New Era is a must read for discretionary prop traders. If you are heavily into algos and api trading it is still really good but the true target market is for traders that are sitting in front of their computers and trading. Whether you base decisions on charts, indicators, or just your gut this book will help you improve your trading. The guys interviewed are very open about what used to work and what doesn't work anymore. This really helps because there are a lot of outdated book out there claiming to have the holy grail of trading....even books written 2-3 years ago are probably outdated by now. Furthermore, most of the guys interviewed offer very good advice about how you need to change your trading to succeed.

    My only con of this book is similar to what others have said. The author should have proofed the book better. There are a good amount of spelling and grammatical errors, as well as many run on sentences. A few times I had to re-read a sentence a few times because I felt the author should have included a comma or broke up the sentence into two. However, this does not take away from the excellent material in the book.

    I hope this helps.