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:) Sorry I don't set Amazon's price policy. I just write them

I just spoke to the publisher and they are going to expedite the Amazon order, so hopefully it should take no more than a week or two to get the book. We are trying our best to make sure guys can get the book ASAP.

:) Agreed. In fact I would say this is a very common trait of all our interview subjects.

Mike you couldn't be more right. As a matter of fact we have several systemic traders using statistical algorithms very successfully in the book. So I think the proper way to phrase my statement is that yo cannot engineer an exit :). Allow me to explain. Two of the guys use systemic...

We sold out too quickly - please go to your local B&N or Borders. They have copies.

Jack thank you for your wisdom but please use it on another thread. I already asked you to get off here. It's like listening to rantings of a raving lunatic that sits on a Broadway bench in front of my building. For the record the intern shorted the pound at 2.0012 and soon thereafter it was...

And the pound goes down... Instead of going back and forth on who is going ot read or not read Timmay's book - you guys should pay attention to how successful traders do it and learn something.

I have an intern at the office who is just starting to learn trading and we were going over the charts in GBPUSD today. Her first inclination was to try to bottom pick and go long. This is such a common novice mistake and brings to mind an observations made by one of our interviews Ashkan...

A small loss is not a function of points but rather of percentage. Generally the "Never Lose More Than 2% of Your Equity on Any Single Position" is good tried and tested approach. Some of the guys went up to 5% of their account - BUT THAT's IT. I think if many novices simply practiced that...

Wow that really sucks! I can't believe they ran through the stock already - but it does mean that they are moving. The books are in B&N and Borders so you may be able to get a copy there right away. K and I just finished a show in LA and got some great response on the book there as well...

Thanks very much for the kind words gaj. but please don't pick on Beck - she was just doing good television which is to create a bit of drama and tension. BTW Steve handled the question just right, polite but firm refusal to jump to the bait.

Cy interesting points. First let me clarify probaive trading and averagring down are indeed two very different concepts and I did not man to confuse the two. As part of the probative trade you can indeed average down like Chuck Hays and Roland do in the book. But it is not a requirement...

Certainly not all of them averaged down. Steve Ickow for example who is one of the deadliest traders in terms day day profitability does not. But quite a lot of them did and I thought it was an interesting point given that its such a cardinal sin in trading. As to the athletic issue - as I...

We are heading out to LA for FXCM expo and she is already there. But hopefully you'll see her on Bloomberg talking about the book soon :).

Frankly neither could I. There are traders on complete opposite side of the spectrum in the book as well who trade only once or twice a month. We wanted to provide readers with as complete a picture as possible.

Read the book - he uses a tremendous amount of probative trades -which constitute the bulk of the 250 that mostly end in scratch. He is like a great poker player who feels out the table before he makes a move.

Here is the clip from today's CNBC appearance with one of the most consistent traders in the book Steve Ickow http://www.cnbc.com/id/15840232?video=513701492&play=1

Yes except easier said then done. As human beings we are not very good at making adaptations. Perhaps that one other interesting aspect of our discovery - amongst equity and futures traders all were very athletically minded. Sports by definition requires discipline and flexibility which may...

I will refrain from taking that bait. One thing I did want to discuss a bit. Some one asked me .Which answers to which questions surprised you, or were counter-intuitive? To which my answer was: Some traders added to their losers and were quite successful at turning those trades...

I will be on CNBC tomorrow 7:10 AM talking about the book with Joe Becky and Carl and we'll have one of the traders from the book on the phone as well.