Books, Books, Books

For me, "trading in sample sizes" and "thinking in probabilities" are the two most vital takeaways from Douglas. Douglas's "Twenty Trade Exercise" is without a doubt the best cure I know for all manner trading errors, including over trading, letting losses run, cutting profits short, FOMO chasing, revenge trading, etc. It is both a discipline building exercise and an exercise in emotional detachment from the outcome of particular trades.

I think both of his books could have been shortened substantially. I do not know that Trading in the Zone added so much to his work. However, it did distill, focus, and, in my opinion, more clearly present the ideas he developed in The Disciplined Trader.

Many would probably have a much better opinion of Mark Douglas's Trading in the Zone if they would start with chapter 6, proceed to chapter 7, and then read and do the exercise outlined in chapter 11. This allows one to keep the baby while throwing out the proverbial bathwater.

 

One of my favourites is The Intelligent Investor by Benjamin Graham.

 

%%
Good cover;
not that its just about a daytrader.
Investment Biker / partial read book by Jim Rogers;
has some good points\Down a ...... River\Down Under\Buenos Aires. Havent had time to read of that adventure of his in the evil empire\russia

 

What analysis in the book worked for you? He got destroyed in the stock market crash.

 

Good 2
I'Ve checked out Ben Grahams book @ library twice;
i got about 2 things out of it, both on the 100 year line chart of S&P 500 or Dow.

 

I'm a Mark Douglas devotee so I'll recommend Trading in the Zone.

Nothing 2nd ed by Jim Sloman is priceless. YMMV

 

I thought it was

Boobs, Boobs, Boobs

 

%%
I"VE noted some time ago, if one can find one thing to profit in book=maybe worth while:
but no thanks on that+ 'A Random Walk Down Wall Street' by Burton MG. I did read his article in WSJ, i admit + he called single stocks a gamble+ admitted he owned some.
NO /not a gamble \even if he meant stupid risk as a gamble?/ Im not a mind reader;
+ i got more out of some kids books + Big Cats , Bear book for kids. Good pics.
I dont do pscho-babble also; even though Steve cohens coach[DR ,MD not a psycho babbler] has some good points......................................................................................
Its not a casino also; its Carl Ichans business if he made money with a casino.
WSJ lies + calls it a casino; sure makes it convenient if one pretends its just a gamble\blame failure on ''bad LUck'' I do use some of my WSJ for bar-b-q fire starter
Thanks for free read

 

Lol! It happens when you think about it too much!