What book or class influences your trading today the most?
- Thread starter bobcathy1
- Start date
listening to a trading guru is sort of like stopping and asking directions. Something the I personally as a man am not comfortable doing.
For me Fooled By Randomness; also many Don Bright posts here; Victor Sperandeo - Methods of a Wall Street Master; and I got a lot out of Phantom of thr Pits that translated into $ at the time I first read it on the net.
For pleasure, any of the books on Livermore.
Geo.
For pleasure, any of the books on Livermore.
Geo.
"The Cartoon Guide To Trading" ..
best in its class
best in its class
Do you want to read about a guy who made millions through trading?
http://www.amazon.com/exec/obidos/t...002-7896873-7033627?v=glance&s=books&n=507846
http://www.amazon.com/exec/obidos/t...002-7896873-7033627?v=glance&s=books&n=507846
This book is for advanced traders.
Its got all kinds of new and old tricks for short term trading.
Its not a motivational type book, in fact its quite boring. But, like the Edwards and Magee books - you can pick it up and find something new every time.
I've never heard anyone talk about it, so I will include it here as my tip for the week:
http://www.amazon.com/exec/obidos/t...f=sr_1_1/104-4964717-6129554?v=glance&s=books
Its got all kinds of new and old tricks for short term trading.
Its not a motivational type book, in fact its quite boring. But, like the Edwards and Magee books - you can pick it up and find something new every time.
I've never heard anyone talk about it, so I will include it here as my tip for the week:
http://www.amazon.com/exec/obidos/t...f=sr_1_1/104-4964717-6129554?v=glance&s=books
The guy who most influenced my trading was Vilar Kelly. Vilar was a cryptoanalyst during WWII. I happened to meet some people at the MTA's Market Wizards seminar thst knew him. A few days after I was back home, I got a invitation for a dinner party from one of the vendors at the seminar. I met Vilar there and it completely changed my views about finding daytrading opportunities. He was the guy that gave Monroe Trout his first job in high school (keying in commodity prices). He also had amazing profitable trading systems during the 80's and early 90's. He'd capture 3 pts. in a 4 pt. daytrading range by finding days where there was minimal trend change. I was amazed at his results. Here's a link to a article about his hotline in the 80's from TASC:
http://store.traders.com/traderscom/-v05-c07-kelly-pdf.htm
Even Alexander Elder singled Vilar out as a example of what vendors should be.
http://store.traders.com/v4932lettosc.html
I recently re-read the interview of Monroe Trout in the New Market Wizards and couldn't help notice how my views and his seem very close. I think Vilar may have also had a profound influence on Monroe. I think that's why he mentioned him by name in the interview.
His systems are no longer of much value and I'm not sure if he's even alive. Last I spoke to him was in 1996. I do owe him a debt of gratitude.
http://store.traders.com/traderscom/-v05-c07-kelly-pdf.htm
Even Alexander Elder singled Vilar out as a example of what vendors should be.
http://store.traders.com/v4932lettosc.html
I recently re-read the interview of Monroe Trout in the New Market Wizards and couldn't help notice how my views and his seem very close. I think Vilar may have also had a profound influence on Monroe. I think that's why he mentioned him by name in the interview.
His systems are no longer of much value and I'm not sure if he's even alive. Last I spoke to him was in 1996. I do owe him a debt of gratitude.