TradersSecrets Review

[Brandonf]

Quote from psytrade:

brandon - great idea.

What psychological framework do you use when your trading framework starts losing money?

Here is what I have found over the years, maybe its just me. People that worry excessively about the psychology of trading and those who have shit fits when they experiance a normal drawdown (less than about 20%) tend not to last very long. Those who have a winning attitude and confidence in themselves tend to last longer unless they become overconident, then they don't last so long. But, in the 7 or 8 years I was teaching I did not see too many people with a lot of anxiety about trading make it. Those who had natural confidence in themselves and the ability to run with it are still here.

All styles, methods, systems etc will have periods of equity drawdown, anyone not expecting that will be surely disapointed. If the framework you approach the market from is valid it will recover from the drawdown.

 

[uncertain]

Here is the first page of the book TRADERS' SECRETS, the Table of Contents says this page is called "About The Authors"

 

[Brandonf]

Quote from uncertain:

Here is the first page of the book TRADERS' SECRETS, the Table of Contents says this page is called "About The Authors"

HA!! He comes by it naturally because of being raised near the research of Yale University. Well, at least now I know why I get bad B/O sometimes, having been raised On a farm. Regardless of if thats true or not, I should take a shower, not having done so in about 36 hours!

 

[JaiSreeram]

Does this book help me to learn the basics of trading properly? I request the previous readers to share their experience .

 

[Murray Ruggiero]

Quote from JaiSreeram:

Does this book help me to learn the basics of trading properly? I request the previous readers to share their experience .

I think this is a great book for someone new to trading as well as for more season people. Beginners can read the book and learn a lot. Expert traders can learn new insites from reading between the lines.

The NLP models of these traders are very valuable. The best way to learn to do something is to model people who have already been successful at it.

 

[rcanfiel]

Quote from Brandonf:

Here is what I have found over the years, maybe its just me. People that worry excessively about the psychology of trading and those who have shit fits when they experiance a normal drawdown (less than about 20%) tend not to last very long.

This realization places you above many traders. I would like to see someone take their psychology down to the casino and use their positive mental attitude to win. House advantage is cruel and cold. THe more you play, the more it grinds you into the ground,

In other words, if you don't have a statistical edge, you will not not win over time. Better a depressed winner than a happy loser.

 

[JaiSreeram]

Quote from Murray Ruggiero:

I think this is a great book for someone new to trading as well as for more season people. Beginners can read the book and learn a lot. Expert traders can learn new insites from reading between the lines.

The NLP models of these traders are very valuable. The best way to learn to do something is to model people who have already been successful at it.

Thanks, Murray for the reply, I respect your views and opinions, as an author. However, I would really like to have the readers opinion. Hope someone can give their opinions.

 

[carcanaques]

Quote from psytrade:

This book is for traders and future traders who want to get past their own psychological limitations. Its basically psychological preparation. The most common characteristics of successful and failing traders are discussed at length in Traders Secrets.

I recommend all of Toghraies books, they are excellent.
You can buy the best ones usually used on Amazon instead of paying for the full course. Once you read one of toghraies books, you'll want them all, I did.

Caveat emptor - you are what books you read.

I did a search on Toghraies and came up with nothing. Can you provide a lnk?

 

[carcanaques]

Quote from rcanfiel:

Quote from Brandonf:

Here is what I have found over the years, maybe its just me. People that worry excessively about the psychology of trading and those who have shit fits when they experiance a normal drawdown (less than about 20%) tend not to last very long.

This realization places you above many traders. I would like to see someone take their psychology down to the casino and use their positive mental attitude to win. House advantage is cruel and cold. THe more you play, the more it grinds you into the ground,

In other words, if you don't have a statistical edge, you will not not win over time. Better a depressed winner than a happy loser.

Perfectly stated, especially the last paragraph.

 

[MandelbrotSet]

Quote from carcanaques:

I did a search on Toghraies and came up with nothing. Can you provide a lnk?

That's because you miss-spelled the name.

Adrienne Toghraie is the correct spelling.