got the book yesterday, and read the first 3 profiles. first - it's very good. i find it speaks to me MUCH more than market wizards did. that's not a knock on mkt wizards; while some consider it absolutely essential, i think of it as just pretty good. maybe because (some) of the traders in that book are at such a higher level / more capital that i'll never reach. but back to millionaire traders. i'm reading it, and although the traders don't trade how i trade, i'm reading and saying "yup, that's me!", "that's how i lost money" or many similar things. there were many sentences that could be taken out and compiled for a list of "things to do - things NOT to do". especially the part from the pip trader when others were comparing him to another trader, and he asked if the other trader was going to pay his bills? no, then it doesn't matter - it only matters what's good for *you*. it doesn't give the exact methodologies involved with any of the traders. what it does is emphasize finding out who you are and what you're comfortable with. if the rest of the book is like the first few chapters, then this book immediately becomes THE interview book to own for wanna-be traders, as well as those individuals who have been trading for a while and are looking to reinforce good habits while eschewing bad ones. can't give it higher praise than that. just hope the rest of the book is as strong. (oh; my history: 8 years full time equities, daytrader, and i do NOT play with the big boys' stocks). btw, boris, i know there's play on a cnbc set; i should have put a smiley face on the end of it, and if the person said it in that fashion, it would have gotten the point approach in a similarly playful way.
I am about halfway through the book. I agree with your comments qaj. I have only one issue with the book, why did you let a 5th grader edit the book? Or did you just use spellchecker? About every ten pages or so a sentence will read wrong. Everything is spelled correctly, but the grammar or tense of the word is wrong. Once or twice is not too much of an issue, but it keeps happening over and over again. Its a small problem, but it gets annoying because I find myself reading the same sentence over again thinking "what?" Then I realize what i think was actually meant to be conveyed and I move on. Other than the above comments I do think the book is very good so far.
Thanks very much for the kind words. The book was written BY traders FOR traders so I am glad it met the authenticity test.
Jaronimo - I have no clue about what spell check issues you have. The book is written in conversational English and people do not speak in perfect grammatical prose. I am glad you liked the content, if there were grammatical errors so be it. We tried to clean it up the best we could - and frankly every time I read MT I can't put it down. But then again I am a trader not an English teacher and I am interested in markets not predicates. Sorry if I sound petty but I am extremely proud of this work and will accept any criticism of its content, but will not stand by idiotic insults such as edited "by a 5th grader". That's complete nonsense. Read any interview book and you will find 1000 errors in syntax and grammar - and thank god for that! That the language or real life. There is nothing more boring than a punctilious grammarian. Writing is all about pace, rhythm and energy and MT has that in spades.
Ok, you are correct, I apologize about the 5th grade comment. It was off the mark. Wow, thats gotta be a first, an apology on ET. Mark this date! Like I said it was a minor issue, I just found myself rereading a lot of sentences more than once because I was unsure what was being said because it did not flow properly. At least to me it didn't. I did not mean to offend. I read another 100 pages last night and I have to say I really like the book. there is a lot of good info and wisdom in there. But then again I have always been partial to first hand accounts. I would much rather read someones accounts of how they did something and what the thought process they had at the time was then to just read a book of rules without justification. The rules may be 100% correct, but it seems to me that they sink in more if there are details from the thought process included. I will probably finish the book today if I get enough time. Congratulations on writing a great book. I do not know what a "punctilious grammarian" is. Maybe Jack can explain it to me? If it is an insult I will hunt you down.
LOL no hard feeling. Most important is that you enjoyed the book. Punctilious means strict - I was just being a smart ass. Thanks for the kind words - BTW the book still has NO REVIEWS ON AMAZON, so go ahead guys - let it rip. Also K and I run a blog there which you may find interesting since we are completely free to speak our minds,.
We did a webinar with Roland Campbell one of the FX traders profiled in the book. http://forex.acrobat.com/p40863784/