Absolutely. And to take money from the markets means you must first learn to respect the markets. And this means internalizing the fact that no matter how "big" you are, you are still "small" in the grand scheme of things. And with this realization, you lose the desire to brag about your background or rub anyone's nose in it or look down on those not as "worthy" as you. There is a chapter in Taleb's book Fooled By Randomness entitled "If you're so rich, why aren't you smart" or something to that effect. He says it better than I.
dark, thanks for the great posts. "fooled by randomness" is in the top 5 books i have ever read. take it easy, surf from a girls guitar to a stock collapse now its just another good vibration......
hi, my top trading/market books of all time so far: 1. winner take all---- william gallacher 2. schwagger on futures--- jack schwager 3. market wizards #1 and #2----jack schwager 4. fooled by randomness---nicholas taleb 5. coulda woulda shoulda--- charles cottle (options) 6. trade your way to financial freedom--- van tharp my top books of all time that are not market related but apply and have indirectly improved my trading. 1. tao of physics ----capra 2. the fourth turning--strauss and howe 3. against the gods---bernstein 4. escape velocity--- dery 5. techgnosis----davis hope you enjoy !! surf ------------------------- from the reverb of a girls guitar to astockcollapsenow its just another good vibration........
This has got to be the best trading strategy book ever written (for the short term swing trader not following a quantitative approach). The patterns have actual testing! Check it out folks. The stuff works. And you can follow how LBR actually uses the stuff in her chat room.