I know a lot of traders have trouble following their system, so I thought I'd put together a book to help. The first two pages are attached in rough draft form. Nothing fancy. Hypothetically, if I was to finish writing this and get it self published, fully edited with illustrations, is it something the community would find value in? Thanks for your responses!
Hypothetically, I wouldn't buy or read this book. Actually, and as a matter of fact, there are already thousands and thousands of such books out there. You have to show proof that your book is outstanding.
No, I wouldn’t. Being introvert vs extrovert has nothing to do with successful trading. I’d rather make money by trading than writing books. The only book that a trader should write is a personal trading journal.
Fixed it... Safety-Check: A Quick Booklet on Trade Psychology for Introverts Chapter 1: Facing the Elevator Trading has garnered a reputation for being a challenging endeavor, often accompanied by warnings from seasoned traders. They emphasize the difficulty of navigating the market and the unpredictable nature of trading pitfalls like bull traps and stop hunts. But is trading truly an insurmountable challenge? What if mastering trading doesn't have to be a long and arduous journey? What if the perceived difficulty arises from the very traits that attracted individuals to trading in the first place? Let's delve into the reasons why many traders find it challenging. My Theory: When I refer to trading as "difficult," I am specifically addressing the struggle that many traders face in sticking to their trading plans without deviating. Surprisingly, airline pilots can focus solely on their instruments, disregarding visual cues, even when their lives depend on it. So why do traders struggle to do the same, especially when the stakes are lower? What drives this universal tendency toward impulsive and emotional behavior in trading? Here's my theory: Most traders are introverts who seek solace in trading as an escape from societal pressures, peer influence, and the discomfort of standing out. They believe that trading in isolation will provide them with a means of making a living without confronting their insecurities. However, what they fail to realize is that trading is a profoundly social endeavor. Succumbing to self-doubt and seeking validation through decision-making only undermines their success, leading them to rely on visual cues rather than trusting their trading systems. In essence, trading doesn't offer the escape introverts envision. Even the most exceptional trading system cannot rescue them. Every trading system ever devised requires traders to take action before validation is evident, as the best opportunities arise before confirmation through price movements. To succeed in trading, introverts must exhibit the leadership and self-direction necessary to enter an elevator and resist the urge to turn around when everyone else does. This scenario is unimaginable for introverts, causing embarrassment, triggering the fight-or-flight response, and generating an overwhelming pressure to conform. If an introvert were to challenge themselves in such a situation, they would initially hesitate to act. If they manage to overcome their hesitation, the confused gazes of others would intensify their agitation, ultimately compelling them to abandon their independent action and revert to conformity. This fear of judgment prevents traders from seizing favorable opportunities and holding onto winning trades, hindering their long-term success. The only way to circumvent this fear is through external validation. If an external authority figure affirms the introvert's actions as correct, they can find solace in diverging from the crowd. For instance, if the introvert were carrying a table into the elevator with clear external purpose, ignoring the crowd's behavior would be acceptable. However, when the choice is solely their own, devoid of external pressure or motive, the situation becomes unbearable. To trade successfully, introverts must either overcome their social anxiety and develop internal independence, making decisions that defy the crowd, or seek authorization from an external source to focus solely on relevant factors, disregarding visual cues and outcomes. Joining a Prop Trading Firm, where adherence to a defined process is valued over individual results, can provide such authorization. The purpose of this booklet is to empower introverted traders to trade independently. I will assume the role of a Prop Trading Manager, providing you with directives to build your trading career upon. By shifting the responsibility from yourself to an external source, you no longer have to bear the full weight of decision-making. In the upcoming chapters, I will present core missions and directives, along with explanations on integrating them into your existing trading system. Chapter 2: Understanding the Nature of the Problem and Achieving Success Chapter 3: Aligning Your Goals with Market Dynamics Chapter 4: Separating Opening a Position from Protecting It as Distinct Ventures Chapter 5: Key Meditations to Transform Your Paradigm, Habits, and Embrace the Directives It is my sincere hope that the insights shared in these chapters resonate with you, marking the beginning of a positive transformation in your trading journey.
Wow! you're a good writer. Or you know about Chat GPT. Either way, thanks For those of you that don't want to read it, the basic premise is a virtual Prop Trading Firm Manager in your pocket. Conceptual leadership. It's not a trading system or a technical analysis book.
Before I'd buy a book on trading from anyone, I'd like to see some proof that they are or at least were a profitable trader.
%% PUT it simple; self publish it + pray you get to write another / Trade Guide for ExtraVerts, also . HINT, no one really exactly trades alone, i would strike that line out Yes i would like to read it; but I'm giving away books myself, in addition to making a newshelf in my library[Actual answer, from a book lovin' = humanLOL]