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  • #668,141
  • Jul 13, 2012 2:57am Jul 13, 2012 2:57am
[quote=Irasin;5838527]I would say the most helpful thing about FF has been the favorite books people list in their profiles. I just went off and read a few of those while watching charts on demo accounts and using cheaply bought indicators.

' Reminiscences of a Stock Operator' if you haven't read it yet. 100 years old, but Jesse Livermore provides the best insight into market behaviour and trader psychology I have ever read. He had absolute balls of iron, but then, I guess that's what it takes
  • #668,142
  • Jul 13, 2012 3:01am Jul 13, 2012 3:01am
Quoting cat
' Reminiscences of a Stock Operator' if you haven't read it yet. 100 years old, but Jesse Livermore provides the best insight into market behaviour and trader psychology I have ever read. He had absolute balls of iron, but then, I guess that's what it takes
I will certainly do that.
  • #668,143
  • Jul 13, 2012 3:02am Jul 13, 2012 3:02am
Quoting chess king
The list can be read by BRADLEY G
1. Reminiscences of a Stock Operator - Edwin Lefevre
2. The Market Wizards Series - Jack Schwager
3. Trading in the Zone - Mark Douglas
This is the definitive guide on trading psychology. No other explanation needed.

4. Liar's Poker and The Big Short - Michael Lewis
5. When Genius Failed - Roger Lowenstein
6. Pit Bull - Martin Schwartz
7. Wall Street - Oliver Stone
ok..complete agreement
  • #668,144
  • Jul 13, 2012 3:04am Jul 13, 2012 3:04am
[quote=cat;5838547]
Quoting Irasin
I would say the most helpful thing about FF has been the favorite books people list in their profiles. I just went off and read a few of those while watching charts on demo accounts and using cheaply bought indicators.

' Reminiscences of a Stock Operator' if you haven't read it yet. 100 years old, but Jesse Livermore provides the best insight into market behaviour and trader psychology I have ever read. He had absolute balls of iron, but then, I guess that's what it takes
Just for those who may not know this book-this is a great presentation!

Inserted Video
  • #668,145
  • Jul 13, 2012 3:06am Jul 13, 2012 3:06am
[quote=cat;5838547]
Quoting Irasin
I would say the most helpful thing about FF has been the favorite books people list in their profiles. I just went off and read a few of those while watching charts on demo accounts and using cheaply bought indicators.

' Reminiscences of a Stock Operator' if you haven't read it yet. 100 years old, but Jesse Livermore provides the best insight into market behaviour and trader psychology I have ever read. He had absolute balls of iron, but then, I guess that's what it takes
That's a good book for sure. A little different than other books in that it's telling a story of his life while also giving very useful advice in real life situations - as opposed to books that just talk about psychology of trading without a story. The book is old but not quite 100 years old. I believe it was written in the late 1930's and publiched 1940.

EDIT: Scratech that, it was written in 1923. Just looked it up.
  • #668,146
  • Jul 13, 2012 3:08am Jul 13, 2012 3:08am
Not much for me till now, they are all (18) ranging (not my favourite dance) in my TF, maybe the cad, if I find a spot to pop in.... we see
"Men who can both be right and sit tight are uncommon."
  • #668,147
  • Jul 13, 2012 3:08am Jul 13, 2012 3:08am
Quoting chess king
ok..complete agreement

psychology ? big BS or real deal ..
  • #668,148
  • Jul 13, 2012 3:14am Jul 13, 2012 3:14am
parity on USDCHF is so close and obvious that it simply can't happen
  • #668,149
  • Jul 13, 2012 3:15am Jul 13, 2012 3:15am
Quoting Flynchenberg
Hi guys,

EUR/USD H4 Update: possible wave 3 end level.

Take care,
Seb


PS: More on my blog.
everything is possible^^
  • #668,150
  • Jul 13, 2012 3:18am Jul 13, 2012 3:18am
Quoting tankokjian
psychology ? big BS or real deal ..
  • #668,151
  • Jul 13, 2012 3:19am Jul 13, 2012 3:19am
Quoting tankokjian
psychology ? big BS or real deal ..
Both.
"Men who can both be right and sit tight are uncommon."
  • #668,152
  • Jul 13, 2012 3:20am Jul 13, 2012 3:20am
Quoting tankokjian
psychology ? big BS or real deal ..
Surely you know?
  • #668,153
  • Jul 13, 2012 3:20am Jul 13, 2012 3:20am
Quoting mercy seat
UPDATE:



Quick-Tips in a TABLE SURVEY for the EUR/USD:

1.)

On a daily basis:

2012-07-13_00h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-28 # AZ1 (Text EN)

This is based on latest Rollover-Open ...

23h00 CET Aufdatung ...











;-|
what it with those warnings " end of trend.. can u explaine pls in few words thss in advance...
  • #668,154
  • Edited 3:38am Jul 13, 2012 3:23am | Edited 3:38am
[quote=cat;5838568]
Quoting cat

Just for those who may not know this book-this is a great presentation!

http://www.youtube.com/watch?v=tz_Asqh8pbs
Would he had made million today? I doubt it. He lost his plot when the conditions changed and he was not able to adapt.

Today conditions changes are the norm.

I know it sounds a bit controversial. But that is my bread and butter.

Just a thought.

This is interesting docum in 5 videos I think:

Inserted Video
"Men who can both be right and sit tight are uncommon."
  • #668,155
  • Jul 13, 2012 3:29am Jul 13, 2012 3:29am
Do you think i take a lot of risk opening a short now?
  • #668,156
  • Jul 13, 2012 3:32am Jul 13, 2012 3:32am
Quoting Itrade24h
Do you think i take a lot of risk opening a short now?
depends on ur risk management =)
  • #668,157
  • Jul 13, 2012 3:38am Jul 13, 2012 3:38am
[quote=Mike8;5838638]
Quoting cat

Would he had made million today? I doubt it. He lost his plot when the conditions changed and he was not able to adapt.

Today conditions changes are the norm.

I know it sounds a bit controversial. But that is my bread and butter.

Just a thought.
You are right, the trading environment was certainly very different back then, but as he demonstrates in the book, he was able to adapt, and did so many times as he lost and re-made his fortune over and over again by employing whatever strategy was needed. Where he was most fallible though was in his tendency to ditch his own tried and tested methods in favour of something more speculative such as a whim or listening to people who knew far less than he did. One of the greatest lessons in the book is that you must have 100% belief in your method and your decisions, even if they are contrary to what everybody else is saying. It is a lesson he stresses over and over again. It's the best book out there for me.
  • #668,158
  • Jul 13, 2012 3:42am Jul 13, 2012 3:42am
[quote=cat;5838689]
Quoting Mike8

You are right, the trading environment was certainly very different back then, but as he demonstrates in the book, he was able to adapt, and did so many times as he lost and re-made his fortune over and over again by employing whatever strategy was needed. Where he was most fallible though was in his tendency to ditch his own tried and tested methods in favour of something more speculative such as a whim or listening to people who knew far less than he did. One of the greatest lessons in the book is that you must have 100%...
In other words: If u don't fully trust ur system ur system might b crap, lol
  • #668,159
  • Jul 13, 2012 3:52am Jul 13, 2012 3:52am
[quote=cat;5838689]
Quoting Mike8

You are right, the trading environment was certainly very different back then, but as he demonstrates in the book, he was able to adapt, and did so many times as he lost and re-made his fortune over and over again by employing whatever strategy was needed. Where he was most fallible though was in his tendency to ditch his own tried and tested methods in favour of something more speculative such as a whim or listening to people who knew far less than he did. One of the greatest lessons in the book is that you must have 100%...
the best ever no one knows when the position comes out the winner or loser ... the only thing you can control is the risk you want to run and you can own if you're already very good..
  • #668,160
  • Jul 13, 2012 3:54am Jul 13, 2012 3:54am
[quote=cat;5838689]
Quoting Mike8

You are right, the trading environment was certainly very different back then, but as he demonstrates in the book, he was able to adapt, and did so many times as he lost and re-made his fortune over and over again by employing whatever strategy was needed. Where he was most fallible though was in his tendency to ditch his own tried and tested methods in favour of something more speculative such as a whim or listening to people who knew far less than he did. One of the greatest lessons in the book is that you must have 100%...
Sure. Has his value.

But keep in mind that if you do not know how to trade, believing in your method would not help you much. Wouldn't you agree?
"Men who can both be right and sit tight are uncommon."
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