What books to read?

oilfxpro · May 23, 2011

Books are written by losers , if they could trade they would do it and make money from trading.

95% buy books from losers and learn losing traits of stupid writers.

Mark my words when you apply the crap from the books in real trading.

They were 95 % club of writers , so they wrote books and marketed themselves as great traders , old addage behind every genius is an ordinary bloke trying to express himself.

bstay · May 23, 2011

Quote from jnbadger:
Chuck Hayes is in prison for falsifying the records for his hedge fund.
When he was portrayed in that book, he was not profitable.
Be careful what you read.

Good to know, Thanks.

bstay · May 23, 2011

Quote from oilfxpro:
Books are written by losers , if they could trade they would do it and make money from trading.
95% buy books from losers and learn losing traits of stupid writers.
Mark my words when you apply the crap from the books in real trading.
They were 95 % club of writers , so they wrote books and marketed themselves as great traders , old addage behind every genius is an ordinary bloke trying to express himself.

I enjoyed reading the Market Wizards and New Market Wizards from Jack Schwager and also the above Kathy Lien book. I don't consider them "stupid writers" and "losers" and "crap". You don't have to read them of course.

bstay · May 23, 2011

Quote from Spearhead:
I like the Jack Schwager books. They're easy reads and I learned a thing or two.

âI just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, âI just lost my money now I have to do something to make it back.â No, you donât. You should sit there until you find something.â â by Jim Rogers (when he was interviewed).

âJim Rogers said it perhaps most colorfully, âI just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantimeâ. In essence, by not wanting to trade, I had inadvertently transformed myself into a master of patience. By forcing myself to wait until there was a trade that appeared so compelling that I could not stand the thought of not taking it, I had vastly improved the odds.â - from New Market Wizards (as narrated by Jack Schwager).

bstay · May 23, 2011

Quote from michael21:
I like reading about other traders...

You can also seek out traders' interviews such as attached. I collected quite a few over the years. Personal experiences that you eventually can relate after some years.

Visaria · May 23, 2011

A book i read a long time ago:

The Super Traders: Secrets and Successes of Wall Street's Best and Brightest

murray t turtle · May 23, 2011

Quote from Spearhead:

I like the Jack Schwager books. They're easy reads and I learned a thing or two.

====================
M21;
I reread the Rich Dennis , M Weinstein...chaptesr past 30 days.....
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Faith ''Inflector''Curtis book is helpful.

Amen;
Especially the Mint fund manager ''respect risk'',
especially the Rich ''Turtle'' Dennis chapter.

Especially the Mark Weinstein ''High Percentage trader''Even though many turtles specialize in low percentage homeruns.LOL

But speaking of high %%, can you believe what M Marcus did????[same book];
wow ,100% hit rate in CA real estate. Strange but I believe it, said he lost 100 %[all] California Real Estate -Emotional trading.

Word/words to the wise

Visaria · May 23, 2011

Mind of a Trader: Lessons in Trading Strategy from the World's Leading Traders by Alpesh Patel

intradaybill · May 23, 2011

Quote from bstay:

âI just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, âI just lost my money now I have to do something to make it back.â No, you donât. You should sit there until you find something.â â by Jim Rogers (when he was interviewed).

âJim Rogers said it perhaps most colorfully, âI just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantimeâ. In essence, by not wanting to trade, I had inadvertently transformed myself into a master of patience. By forcing myself to wait until there was a trade that appeared so compelling that I could not stand the thought of not taking it, I had vastly improved the odds.â - from New Market Wizards (as narrated by Jack Schwager).

IMO the most important statement ever made regarding trading.

upandcomer · May 23, 2011

Quote from intradaybill:

IMO the most important statement ever made regarding trading.

I very much agree... it pertains to what buffet said (I think) "don't lose money"

What books to read?

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