Disliked{quote} Hi Davit, Thanks for your insight and sharing your experience, would you be kind enough to suggest some trading books for starters? Best Regards, dorminIgnored
Sure.
1. Trading in the Zone by Mark Douglas-classic book on trading psychology
2.The Disciplined Trader by Mark Douglas
3. REMINISCENCES OF A STOCK OPERATOR -about one of the greatest traders ever Jesse Livermore essentially he invented Pivot trading.Started at age 14 in Massachusetts my home state and by 17 bucket shops were trying to push him away because he was winning like crazy.Anyway I learned patience from him.
He would read the tape (equivalent of charts at the time) for weeks without any orders then fire his orders at the right time.
4.Super Trader by Van K.Tharp-Extremely valuable book on trading.Tharp takes no excuses.
5.Harmonic Trading-Anything by Scott Carney-his free ebook is on his site.
For inspiration read
THE MARKET WIZARDS 1 and New one by JACK D. SCHWAGER
Although not required but if you like probability theory read
Probability Theory:
The Logic of Science
by
E. T. Jaynes
Wayman Crow Professor of Physics
Washington University
These 5 would take a while to read.They are challenging books.Others you can read once you got some grasp about trading.
In trading, you have to be defensive and aggressive at the same time