The Ultimate DAX Scalping Discussion Thread!

Ich hatte noch 5 Jahre Latein in der Schule...

IMHO the book is definitely not a rip-off from "the art of war".

It is a very interesting description of the mindset of a samurai and how it can be applied to trading. Furthermore the book has some nice short introductory stories before each chapter, which provide more insight in the world of martial arts and samurais.

I can highly recommend it to every daytrader/scalper.

But beware, after reading it you might want to put a sword over your screens...:D
 
Quote from Captain Future:

Ich hatte noch 5 Jahre Latein in der Schule...

IMHO the book is definitely not a rip-off from "the art of war".

It is a very interesting description of the mindset of a samurai and how it can be applied to trading. Furthermore the book has some nice short introductory stories before each chapter, which provide more insight in the world of martial arts and samurais.

I can highly recommend it to every daytrader/scalper.

But beware, after reading it you might want to put a sword over your screens...:D
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LOL! That's funny! :D

Sounds like you've read "The Art of War" - an excellent book indeed. I really think I'll order "Way of the Warrior Trader" now... I've wondered before, but I've just looked into in Amazon, it looks like a nice book - I am a notorious book-addict LOL

Have you read The 2 Mark Douglas books and the 2 Niederhoffer books yet? IMO they're all amongst the most useful written on trading when it comes to getting thoughts going. My other favorites include "How I made..." by Darvas, "Reminiscences", the "Market Wizards" books, "Think and Grow Rich" by Napoleon Hill, and the Baruch book which no other than Baruch himself mentioned (LOL) is also quite good. I also like "Trading & Exchanges" by Larry Harris, published by Oxford (which you would have received for free if you're an IB customers?)...

Not kidding, that's pretty much all of the books I can recommend when I stare over to my rather comprehensive library of finance books...
 
I also like books, but there are only very few books on trading psychology that go beyond the standard teachings. Warrior Trader is one of the few books that give the reader some true and time-tested methods and insights from people who had to deal with deadly situations on a daily basis.

I have not read that many books from your list, only "Market Wizards I" and "Trading in the zone". But since everyone considers "Reminiscences" an essential reading, i might order it.

Did you read "Pit Bull" from Marty Schwartz? It is so full of funny stories and insight that it is also on top of my list, but you cannot really say that it is a book about psychology.

I will check out the other books you mentioned.
 
Quote from Captain Future:

I also like books, but there are only very few books on trading psychology that go beyond the standard teachings. Warrior Trader is one of the few books that give the reader some true and time-tested methods and insights from people who had to deal with deadly situations on a daily basis.

I have not read that many books from your list, only "Market Wizards I" and "Trading in the zone". But since everyone considers "Reminiscences" an essential reading, i might order it.

Did you read "Pit Bull" from Marty Schwartz? It is so full of funny stories and insight that it is also on top of my list, but you cannot really say that it is a book about psychology.

I will check out the other books you mentioned.
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Captain, agree on the few books that go beyond "standard". Niederhoffer certainly is a bit of a wakeup-call. LOL you can take that whichever way you like... I will get Way of Warrior Trader for sure.

As for the other books, you've read Douglas, I think that's the most important of those named anyway. If you know how to read that book and understand it, you hardly need much else IMO.

I have "Pit Bull", but I don't find it that spectacular. I think it's a book full of self-congratulatory waffle and not enough substance - At least from a trading point of view. It's like reading "Trader's Tales" by Ron Insana. It's entertaining, much like reading a novel, but not really substantially beneficial to the spirit of trading. But then, not every book has to be, anyway... :)
 
Quote from Scientist:

Captain, agree on the few books that go beyond "standard". Niederhoffer certainly is a bit of a wakeup-call. LOL you can take that whichever way you like... I will get Way of Warrior Trader for sure.
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I have looked at the Niederhoffer books. Interesting but more for investors as far as I have seen.
I just ordered "Reminiscences".
So let me know what you think of "Way of the Warrior Trader" after finishing it.


I have "Pit Bull", but I don't find it that spectacular. I think it's a book full of self-congratulatory waffle and not enough substance - At least from a trading point of view. It's like reading "Trader's Tales" by Ron Insana. It's entertaining, much like reading a novel, but not really substantially beneficial to the spirit of trading. But then, not every book has to be, anyway... :)
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Right, it is maybe 95% entertainment and 5% trading insight...but i like to read stories about very successful traders.
 
Quote from Scientist:

True! But trolls, you know... "Margaritas ante porcos"... :D
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Antiquis temporibus, nati tibi similes in rupibus ventosissimis
exponebantur ad necem.


HA!
 
Quote from Captain Future:

Ich schätze das entspricht dem "Perlen vor die Säue" oder "Dazu was zu sagen wäre wie ein Stich ins tote Schwein" :D
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Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.

hee hee.
 
Quote from LongShot:

Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.

hee hee.
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Damnant quod non intelligunt! Stultorum infinitus est numerus, de facto dura lex, sed lex.

Persona non grata, vitam regit fortuna, non sapientia. Noli turbare circulos meos!

Hoc natura est insitum, ut quem timueris, hunc semper oderis.
 
Quote from Baruch:

Is this a thread about Dax, karate or latin?
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DAX. Karate philosophy does apply very well, though and has many great analogies.

Sorry about the Latin. You're welcome to contribute something regarding DAX.
 
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