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Attachments: The Finance Book Club
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The Finance Book Club

And something that can also relate to this thread as well as Time compression .....

https://www.forexfactory.com/news/12...3#post14425529

Enjoy.


Peter
Trading's for those who learn independently. Everyone else is just blind.
Quoting PeterCaleb
{quote}... . If you use "Time" as a compass for usefulness instead of obsessing over which TF is better or best etc, then you can see collaboration. And once you see this, "Time" becomes a tool for seeing value OF "Time". Unfortunately, IF I said to people that money is a VERY poor compass for value, most might wonder what I mean. Since money is a made up thing, (In real life it doesn't actually exist) a belief contract must be placed on the idea, idea = money. Within this contract one agrees to honor its agreed value. But in a contractual...
Thanks Peter.
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Value your time. Ok have had that realisation for years.
Quoting FocusWinReal
{quote} Thanks Peter. https://www.youtube.com/watch?v=8FKAHZsUXY0 Value your time. Ok have had that realisation for years.

Yeah looking round the place and world, I don't think people have really learned this lesson at all. You can tell by HOW they prioritize what they prioritize. Not picking on anyone ... just stating the obvious.

Peter
Trading's for those who learn independently. Everyone else is just blind.
Quoting FocusWinReal
https://www.youtube.com/watch?v=8FKAHZsUXY0 Value your time.
Anton Kreil is surely a very skilled trader, but his statements in this short clip show a rich-boy's mentality.

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Why do people waste their time on a day job? Well, we tried sleeping in a cardboard box in the park eating out of garbage bins, but didn't like it. Yes, we tried retail trading our measly savings account but that does not bring enough to quit our jobs. So we need to work for a boss a few years to "bootstrap" our lives and first generate enough capital before we can live of our trading. Anton himself also took summer jobs during his younger years[1]. Worked a job to pay for University, etc. Not all of us have a rich daddy like Paris.
Quoting clemmo17
Most people on this forum are looking for a bit of fun, not a real brain-stretch so books like Chan's 'Machine Trading' are only for the very code-literate. I know Kefada has said he was interested in doing a review and I'd welcome anyone else to do some heavy wood hauling while I work out my own thoughts about the best ways to trade.
I'll review Chan's 'Machine Trading'. Maybe it could help us figure out what we were missing in algo trading
Quoting Kefada
{quote} I'll review Chan's 'Machine Trading'. Maybe it could help us figure out what we were missing in algo trading
I've not read Chan's book, but on the same subject I highly recommend Marcos Lopez de Predo's book Advances in Financial Machine Learning. It was fantastic, one of the best books I've read in a long time.
Quoting clemmo17
Ok, so it's clear that the 'Finance Book Club' is at a crossroads, because, I have to admit the critiques of what's being offered here are completely valid. I may not be reviewing the most interesting books. I don't know how to improve the quality of the offerings, because I don't know anything about you. I just go with my gut and what's thrown out to me. I also have added books that were recommended by other traders; I just assume they know what they're talking about. One problem is books go out of date rather fast, and the market changes fast....
Hi Clemmo17, if your looking for ways to trade jump on zoom with me either tomorrow or Sunday sometime after 3pm UK. Also SBmortimer may also join once we can fix a time
Quoting Kefada
{quote} I'll review Chan's 'Machine Trading'. Maybe it could help us figure out what we were missing in algo trading
Ever heard of the game - "round and round the mulberry bush" ?
Trading's for those who learn independently. Everyone else is just blind.
Quoting T721
{quote} Hi Clemmo17, if your looking for ways to trade jump on zoom with me either tomorrow or Sunday sometime after 3pm UK. Also SBmortimer may also join once we can fix a time
So should I bring my cheque book?
Trading's for those who learn independently. Everyone else is just blind.
the best thing i ever did was toss out all my books on trading. I started out in 99/2000 when online took off...the soes bandits,datek brokers and stewert LOL
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i read books and tried trading the way they said i should and kept losing...I even bought a book called street smarts by linda raschke, a futures trader whose book was highly recommended and highly expensive. I paid 275 dollars for it and thought it had to be the one book that held the holy grail wisdom of trading because it was so much LOL It was another piece of crap book.

I asked myself why I kept blowing up accounts following their advice? why do 90-95% of traders lose their shirts if there so many advice authors selling how to trade LOL

I started researching how the old timers did it in the early part of the last century. jesse livermore,richard wyckoff, gann,ralph eliott who invented his wave theory. How could they amass such great fortunes without computers and dumb ass books that steered them down a path of despair

Back in those days computers were just starting out and there was no google yet so I went to the library and read biographies and they wrote books too...some are even free online in pdf form. Wasnt till then I realised price and volume was all a person needed to win. And be a contrarian...do the opposite of what these knuckleheads write you should do since so many traders lose their accounts and money following their methods

Read Futures magazine...they stopped printing but back copies are online

Read Technical analysis of stocks and commodities magazine.. especially the back issues from 30-40years ago before writing dumb ass books became a big business and profit for loser traders http://traders.com/

most of those books on the first page beside wyckoff and sperandeo are crap...sperandeo offeres just one good setup and thats him 2B reversal setup and the 123 reversal that fails as often as works... thats it the rest of his book is the usual tripe you find on cnbc LOL

jesse livermore wrote a book on trading in 1940 so did many other men like wyckoff gann and couple others....those are worth reading not most of the crap thats on the list on the first page

my list would contain futures mag, TASC mag, wyckoff and steve nisons book on candlesticks....the rest will turn you brains to mush LOL
drugs and modern trading books will do this to your brain LOL


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i just looked up that book by raschke....its still expensive as heck LOL...20 some years later

https://www.amazon.com/Street-Smarts.../dp/0965046109

i shouldnt have thrown them all away just used the pages as toilet paper
Quoting clemmo17
Preface & Ch. 1 Vic has 1200 finance books in his library Most of them have good ideas 2% of them are ‘superior’ But most of them have a common problem They sell an approach that relies on a basic, poorly-tested method Other books are so specific that years of prior experience are needed to understand them Newcomers waste ‘countless’ hours learning by trial and error and re-inventing the wheel Vic has a 70.7% return over 10 years with no losing years - fairly impressive Vic integrates odds, TA, statistical probability, economics, politics and psychology...

tape reading is called level 2 now
Quoting PeterCaleb
{quote} So should I bring my cheque book?
Not sure what you mean, cheque book for what ?
Quoting clemmo17
{quote} It would be just my luck to stop before I got to the good stuff. Thanks Bluesteele!

since you like reading heres my contribution

https://www.trendfollowing.com/pdfs/...iginal)-EN.pdf
https://www.amazon.com/Livermores-Me...13138546&psc=1
Quoting T721
{quote} Not sure what you mean, cheque book for what ?
Well I just figured that it would be a type of group think tasking or a "webinar" style ..... "you've got SB Mortimer" (whoever that is), so usually there's a spiel and a closing approach to the "talk". So there's something to pay for or buy. Maybe I'm mistaken. Maybe it's to be just a pow-wow. I've always thought trading, real trading I am referring to, is a singles game of tennis. So is this Sb Mortimer a Life coach, or a trading mentor/coach or something similar?

Peter
Trading's for those who learn independently. Everyone else is just blind.
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  • Last Post: Edited 12:18pm May 28, 11:38am (4 hr ago) | Edited 12:18pm
Quoting PeterCaleb
{quote} Well I just figured that it would be a type of group think tasking or a "webinar" style ..... "you've got SB Mortimer" (whoever that is), so usually there's a spiel and a closing approach to the "talk". So there's something to pay for or buy. Maybe I'm mistaken. Maybe it's to be just a pow-wow. I've always thought trading, real trading I am referring to, is a singles game of tennis. So is this Sb Mortimer a Life coach, or a trading mentor/coach or something similar? Peter
Hi Peter, thanks for your reply. and yes i agree with you -- trading is a singles game I like to help newbies to avoid blowing accounts and help them understand the markets better.

YES you are mistaken. I sell nothing. I dont charge anything for zoom sessions, I dont sell courses, I dont sell Signals, information or anything else. I share my knowledge totally free. You can join me on zoom anytime you like just send dm.

But But But -- I get you i really do.. So called trading Gurus are only after 1 thing (your money) and dont even get me started on Lifestyle coaches just Leeches.

SBMortimer is a forex factory member, other than that i have no association.

Ive probably done 40 or more zoom sessions with various FF members. But i rarely get any feedback.

If you like put a post in the Cable thread an ask members


1 -- Has T721 ever tried to sell you anything

2 -- Does T721 charge for zoom sessions

3 -- Did you learn anything from T721

4 -- Do you think T721 is a Bullshitter or Scammer

5 -- How much time have you really spent trying to prove T721 wrong. Have you done the work he expected you to do.

6 -- anything else you can think of Peter


Please post something like this in the Cable Thread. your well respected in FF so maybe we will get some feedback
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