I've had the book Pit Bull in my library for a couple of years now or more. Debating on going through it for February, though I've got so many other titles to choose from and honestly, I'm trying to cut back on my reading time. For those who are familiar with Buzzy, would you rate him as a must-read? Anything to take with a grain of salt?
Yes, The one gem is "sell some".... great line but you must have the back story. I still use it today 30 years later.
%% a]Plenty, not that i want waste time with horse races; even though i always look for patterns with cattle + horses/ on pastures green-refreshing streams. b]His note Joe/Genesis pattern 7 good years \7 lean years maybe not exact numbers for 2024,just one year. Good pattern anyway , for sure................................................. c] Cut back on trades size when losing, certainly not original with him, very good ; not really applies to investments. Get smaller\ Audrey said on trades when losing. u] Unknown Market .....Jack Scwager is current read + better '' the market is not an annuity'' W] WSJ sometimes as he says /IBD more; his sticking a ruler on new WSJ highs+ new lows LOL fine i dont do that+ seldom do single stocks. No harm with 10 ma,among many; not my main ma, but glad he noted it................. Better to measure to much than to little.......................................
%% I NEVER want to read the WSJ before I trade or Invest as he does; after market hours or years late suits me better for WSJ + IBD, prefer IBD anyway by far. Does good hours /6;45 to 10;45 eastern time , good with a half hour for lunch. I'm CST hour early+ seldom take 30 minutes for lunch. He probably did real well on his gold coins, most likely not as well as his trading/inVesting
Fun book make you feel like the person on the scene, the life of a trader. but technically, very few you can learn.
With all due respect, we should all be trying to increase our time spent reading rather than cutting back. This book is a fun read as @Frederick Foresight said. Will you pick anything up? Maybe, maybe not. A lot would depnd upon you and the type of trader you are or want still to become. His use of the 10 ema was instructive to me because it showed me how very simple things can be if we wish to make them so. It is worth a read. This thread has me wanting to pull it off the shelf and give it another dance.
I think of the French guy asking, “Buzzy how is my money?” while lying in the hospital bed. After his book I better understood men like Samuel Israel.