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Trading book(s) - please recommend if you can

  • #82
  • Dec 15, 2019 12:13pm Dec 15, 2019 12:13pm
Quoting Igrok
{quote} yes and no... first of all, each and any computer generated lottery will have that inconsistency... no matter what it will follow some artificial algorithm... second, statistical density distribution, which has been figured out long time ago by such great mathematicians as Gauss and Laplace would still be helpful even with a mechanical lottery system... it's just a bit more complicated...
Ok, is this about randomness of random numbers is not really random theory? No one has invented a true way of coming up with a true random number because no matter how the method, one can always point out a way to explain why the number wasn't really random? I think that reverse engineering bit is one of the reasons used to demonstrate that the number wasn't really random otherwise it couldn't be reverse engineered.
Anyhow, that extremely minute difference between a real random number and a computer generated random number is so small that is not worth chasing. I think if one is going to put that much effort into it, trading forex instead would make a lot more sense as the inefficiencies in Fx are just huge in occurrence and just all over the place in plain sight to see.
  • #83
  • Edited 1:37pm Dec 15, 2019 12:28pm | Edited 1:37pm
Quoting OutThere
{quote} Ok, is this about randomness of random numbers is not really random theory? No one has invented a true way of coming up with a true random number because no matter how the method, one can always point out a way to explain why the number wasn't really random? I think that reverse engineering bit is one of the reasons used to demonstrate that the number wasn't really random otherwise it couldn't be reverse engineered. Anyhow, that extremely minute difference between a real random number and a computer generated random number is so small that...
sure, trading FX is much easier... but I got bored that time of my regular activity in the market and spent some efforts to challenge the lottery as well... in about 5 months from winning the lottery I was supposed to hit yet another jackpot but missed it because of the error I made while filling out a lotto slip... quite unfortunate indeed... though my method of lottery playing is still capable of increasing the probability greatly...
also people somehow used to think that randomness is synonymous to unpredictability... that's just not true... in fact there is a whole science, which is a part of math, that studies randomness... it's called the Probabilities Theory... by now it already has developed lots of interesting and useful conceptions widely used in practice in numerous different areas of human activity including economy and finance for example...

P.S. have to mention that even the largest hedge funds sometimes play random games... for example, I know for sure that SIG from PA has a separate gambling division located somewhere in London area that's placing and accepting the bets... lots of algorithmic funds actually use PT in their studies and trading strategies... it's quite common nowadays...
  • #84
  • Edited 2:44pm Dec 15, 2019 2:34pm | Edited 2:44pm
Quoting Abe16
{quote} Beware. This individual has something to sell. {image}{image}{image}

Quoting Igrok
{quote} what a freaking idiot you're I've been in this business since forever... at least long before the very first on-line trading platform was introduced to the retail market or you yourself heard about Forex for the fist time... years before the very first book about Forex went out of print... my own Forex book, that you're advertising now, was published way back in 2006 in three languages and used to be a bestseller... my book in English was published by Wiley - the oldest and the most reputable financial...
Why suddenly rudeness in relation to another participant in this topic?
He showed that you sell books, and that’s true. He did it without insult. He called you (bookseller) to account for your words. You could not answer anything, you just started to be rude. So far, only empty words and an advertisement for your book have remained of you(in the topic about books, lol). Why are your words empty? Even the "trade explorer" is not attached, not to mention the statement, the name of the fund, etc.
You do not need to prove anything. But you must be polite in this community. Your rudeness - shows your weakness.
There is no point in continuing the dialogue. All conclusions have already been made.

Может действительно все так и есть, как Вы говорите, но грубить зачем или чувствуется за собой что?

Best regards.
Like your wife says, hold the fucking position until I tell you I'm done.
  • #85
  • Edited 3:24pm Dec 15, 2019 3:09pm | Edited 3:24pm
Quoting vowan4ik
{quote} {quote} Why suddenly rudeness in relation to another participant in this topic? He showed that you sell books, and that’s true. He did it without insult. He called you (bookseller) to account for your words. You could not answer anything, you just started to be rude. So far, only empty words and an advertisement for your book have remained of you(in the topic about books, lol). Why are your words empty? Even the "trade explorer" is not attached, not to mention the statement, the name of the fund, etc. You do not need to prove anything. But...
I'm already sick and tired of novices that come to FF and all of a sudden start demanding something from me... as in this case they usually want me to release and to make public a very sensitive financial information that doesn't even belong to me but to my institutional and private clients with whom I always sign a non-disclosure agreement... the very fact that someone doesn't know how it works in the industry automatically makes such a person a fool... getting curious about it? want some info about actual accounts, capitals, trading performances, names, locations and addresses? - then contact my attorney and the attorneys of my clients... negotiate a deal with them... I personally don't give a damn about anybody's opinion in regards to my participation on this forum or my past and present publications... I do here what I'm pleased to do and in line with the forum's internal policy... don't like it? then just ignore me and pass by when passing by...
  • #86
  • Dec 15, 2019 3:26pm Dec 15, 2019 3:26pm
i use naked forex book, this has helped me a lot
  • #87
  • Edited 11:17pm Dec 15, 2019 10:59pm | Edited 11:17pm
Quoting OutThere
I haven't read this whole thread and this book may have already been mentioned. It is the only book I suggest you read. I have misplaced mine but my god, it is an eye opener and nothing but the truth in it. I gotta go buy it again. I miss the light bulb turning on in my brain effect that it gave me: https://www.amazon.ca/Misbehavior-Ma.../dp/B004PYDBEO
Yes - I have briefly mentioned the fractal nature of financial markets (post 71), and anything scribed by the late Dr Mandelbrot is a must for me. Quite tricky to convert into anything solid we may build into a useful indicator, although people have tried (I could name a couple if required), somewhat poorly.

Important to take away some robust wisdom that may make ya think - turfing the Gaussian normal PDF is a good start, in favour of other measures like Cheby's simple inequality or others even more conservative. If something makes my brain hurt, they are worth reading. Taleb is another, but he has his faults as a writer.
  • #88
  • Dec 15, 2019 11:25pm Dec 15, 2019 11:25pm
Quoting Igrok
{quote} I'm already sick and tired of novices that come to FF and all of a sudden start demanding something from me... as in this case they usually want me to release and to make public a very sensitive financial information that doesn't even belong to me but to my institutional and private clients with whom I always sign a non-disclosure agreement... the very fact that someone doesn't know how it works in the industry automatically makes such a person a fool... getting curious about it? want some info about actual accounts, capitals, trading performances,...
I understood you.
Even for the name of the fund or for a link to the site, also contact a lawyer? This is probably also very personal information))

Me don't need this information. This is a rhetorical question.
Best regards
Like your wife says, hold the fucking position until I tell you I'm done.
  • #89
  • Dec 16, 2019 12:12am Dec 16, 2019 12:12am
Quoting vowan4ik
{quote} I understood you. Even for the name of the fund or for a link to the site, also contact a lawyer? This is probably also very personal information)) Me don't need this information. This is a rhetorical question. Best regards
since you understand Russian so here is some info for you...
https://chechet.org/105
https://chechet.org/20?sphrase_id=97265
  • #90
  • Dec 16, 2019 2:31am Dec 16, 2019 2:31am
Quoting Abe16
{quote} I question your credibility completely. You say you've been a fund manager since 1993. What fund are you currently managing? The one fund you did manage is now defunct and it's web address has been removed. What are your credentials? Are you certified? Series, 3, 7, 65? Are you licensed by FINRA. Are you registered with SEC. Any professional certifications like that of a Chartered Financial Analyst. What education do you have? MBA, finance, economics or similar? Do you actually trade and if so can you show evidence of that? Maybe even put...
All great points
A snails pace wins the race :-)
  • #91
  • Dec 16, 2019 5:42pm Dec 16, 2019 5:42pm
Quoting LloydOz
{quote} If something makes my brain hurt, they are worth reading.
As a rule that's generally true! I actually haven't read Mandelbrot's book, but it's on my reading list.
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #92
  • Dec 17, 2019 6:35am Dec 17, 2019 6:35am
I might add to what "beginners luck" is about.. It is about not knowing what is impossible yet.. The more books you read on the subject.. the more knowledge you might get but it also narrows down the possibility... I knew many traders that got extraordinary profits in the beginning, but then they learned about the "golden" rules, favourite ones are R:R ratio... (very poorly understood, because many just see 1-2steps in advance and not the CHESS style... 20+; if they would, they would see that R:R might have different relation to profitability as it is believed...). Also second favourite rule is that 20PIPs are minimal worth trading (if speaking eurusd; btw funny, autocorrect corrected "eurusd" to "erased" - prophecy from google?) If you combine the two... you can be surprised that there are only 2k billionaires around the world.. because one would only need 22x TP20 in a row to get from broke to billionaire... And there are other famous indicators... and gurus.. So in a sense.. many forget what it is all about... PROFIT, MONEY... Some then become preachers, argue with everyone, c*ck measure... fight... and forgot about money, profits... Because if they would have this as a main objective... We could make something glorious together, if everyone would add just the BEST of himself... Also I honestly think that it is impossible to have PERFECT trader in one person since everyone is good at something... Some are good risk managers, money/profit keeper, but do not have a clue about future prices... And some are wizards, "knowing"/guessing/modelling market to beyond belief precision but they overtrade... Etc etc...

About hardness... Yeah, I concur... But I believe the simple truths are the hardest to get/accept... One does usually have to go through thorns to find the simple truths aka "one inch formula"... I started with it, deviated from it, got back to it... Still haven't confirmed but if I do... that would mean the while market is based only around 1-3 MAIN parameters... all the rest are just for SHOW although they do work some of the time, for some time... specially the news/tweet ones But market DOES go to where the main parameters tells it to... central banks can slow it, alter it.. but over time.. it does... Haven't confirmed this yet but... to every pro trader or sci person that we tested this... it seemed pretty f real Still testing... Anyway, even if "one inch formula" would come out... this is not enough since many would still have to go though heaven and hell to re-confirm/test it Simple truths are hardest... For example... There are many "knowns" in other areas, industries.. but only the people that are IN long enough.. 20 or 40years.. do get it... For example.. "there is no certainty" in the markets... and everything is a risk (to some degree) are simple truths... but very few get it We still read daily stories about people going all-in (with full family tree mortgage etc. to invest into some "can't lose" deal... etc...) But the bankers that have been around for 40years, seen all possible scenarios, cycles, turns... would never do that... Yeah some do profit, of course! But can you afford to take that chance?

Also... sometimes the best formula is, they say.. to be "ignorant at the right time" For example, we are testing cheetah trades.. when only rookies "get it".. others skip it as impossible, regardless of the proofs
Can you afford to take that chance?
  • #93
  • May 28, 2020 12:03pm May 28, 2020 12:03pm
Quoting Igrok
{quote} "Beat the Odds in Forex Trading: How to Identify and Profit from High Percentage Market Patterns", by Igor Toshchakov here are comments and explanation for the book's content : https://www.forexfactory.com/showthread.php?t=21887
Do the charts/templates in the kindle version display nicely?
  • #94
  • May 29, 2020 3:49pm May 29, 2020 3:49pm
The bible KJV, whole thing, don't cut corners. (this is pretty much the most essential, cut out work there is in terms of wisdom of the ages) Everything else mainly draws the wisdom from it.
Essence of the Upanishads... - Eknath Easwaran
Titan,... - Ron Chernow
Meditations - Marcus Aurelius
48 laws of power - Robert Greene
33 Strategies of war - Robert Greene
The Art of War - Sun Tzu
Shrewd:... - Rick Lawrence
The Prince - Machiavelli
The Adweek... - Joseph Sugarman
How to win friends... - Dale Carnegie
How to get rich - Felix Dennis
The Will power instinct - Kelly McGonigal
The Stress-Proof Brain - Melaine Greenberg

Most of these books really are about how to be more cunning, at least systemically. So, no trading books, but if you're serious about generating alpha, I don't see any other way unless you practice your decision making skills to be in line with what you need in order to get the job done and being professional about it all the way through. Even if you don't make it in trading, these are skills that if applied in ordinary jobs, in life and all will keep you safe and make you a prodigy with efficiency>> overall get you to places without struggle. You'll recognize leverage, create your own market, and realize power over others. Where most are uncomfortable, you'll find comfort. Making your life more rewarding with health, & friends. If there is anything to being a stand up guy... it's to be mentally stable, and happy; to be a man's man. And that's what everyone should strive for. Be strong, and have character with no fear.
  • #95
  • Edited 4:39pm May 29, 2020 4:24pm | Edited 4:39pm
Quoting Swisse
The bible KJV, whole thing, don't cut corners. (this is pretty much the most essential, cut out work there is in terms of wisdom of the ages) Everything else mainly draws the wisdom from it...
Good Book...bad translation. Some quick research and better translations to be found. want to go old, go with originals. Misconception that thou hast to speaketh the scripture like this for it to be true...kinda mainstream way to look at it. Other than that good list of books especially The Art of War.

Really hoping to find some good reads and half the thread is hidden .

My List:
Bird Watching in Lion Country - Dirk Du Toit aka Dr. Forex
Psycho Cybernetics - Dr. Maxwell Maltz
Trading in the Zone - Mark Douglas

I believe one must work on oneself first in order to be successful in anything.
Attached File(s)
File Type: pdf Bird Watching In Lion Country.pdf   1.9 MB | 4,003 downloads
File Type: pdf Psycho-Cybernetics.pdf   1.2 MB | 1,070 downloads
File Type: pdf Trading in the Zone - Mark Douglas (2001) A202.pdf   1.5 MB | 793 downloads
File Type: pdf Intelligent Investor.pdf   599 KB | 2,277 downloads
File Type: pdf Reminiscences_of_a_Stock_Operator By Edwin Lefevre.pdf   1.7 MB | 1,683 downloads
Invest in Life
  • #96
  • May 29, 2020 5:05pm May 29, 2020 5:05pm
annddddd... dont forget the GRAETTEESSS book of all ...... write it your self .....
  • #97
  • Edited Jun 2, 2020 4:59am Jun 1, 2020 7:53am | Edited Jun 2, 2020 4:59am
Thomas Gebert
  • #98
  • Jun 8, 2020 8:22am Jun 8, 2020 8:22am
Quoting mabooz
As the title suggests, I am looking for a trading book. I do not really care if it is for currency or stocks or whatever as I believe all market foundations remain similar. I don't mind any type of books whether it's technical or psychological. However before you recommend anything, please make sure that this rule is satisfied: THE AUTHOR MUST BE A PROFITABLE TRADER DURING HIS TIME Thats pretty much the only thing I care about. Thank you everyone in advance
Here are some of my favorite books:

  1. The Market Wizards
  2. The Intelligent Investor
  3. Market Wizards
  4. The Disciplined Trader
  5. One Up On Wall Street

  • #99
  • Jun 13, 2020 3:48pm Jun 13, 2020 3:48pm
These trading books here, have changed me completely...
Maadik Hugiis. IQ 69.
  • #100
  • Jun 16, 2020 11:52pm Jun 16, 2020 11:52pm
Quoting Mundo
{quote} Good Book...bad translation. Some quick research and better translations to be found. want to go old, go with originals. Misconception that thou hast to speaketh the scripture like this for it to be true...kinda mainstream way to look at it. Other than that good list of books especially The Art of War. Really hoping to find some good reads and half the thread is hidden . My List: Bird Watching in Lion Country - Dirk Du Toit aka Dr. Forex Psycho Cybernetics - Dr. Maxwell Maltz Trading...
What did you think of The Intelligent Investor?
Self-sufficiency is the greatest of all wealth. - Epicurus
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