Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I started listening to the audio book. I gave up after bout 30 minutes. It seems too touchey feely. letting go. Maybe it's cause I've learned to do this on my own but I don't feel like I have anything to let go of.
in the first exercise he said to think of a problem or something we want to improve. so I thought "be more patient with my 4 year old" (she's a real terror). So then he askes if we're ready to welcome this thought. and then can we release it. I didn't understand any of it.
I guess if someone was really stressed or anxious bout trading maybe this book could help. but also if the person traded simulator for 6 months I think that would cure it too.
Anyone else tried it? I remember trying to listen to dr. phil's book. I thought his show was funny. his book must be targeted at real losers. I couldn't believe the stuff in the book. I didn't even finish it and that was when I stopped listening to most of that stuff (Wayne Dyer is another one). I prefer stuff that isn't targeted at people with serious problems.
BTW no one recommended "Think and Grow Rich". That book is truly excellent and aimed at achievers and not losers.
Can you help answer these questions from other members on NexusFi?
Beat the Forex Dealer by Agustin Silvani is the best book I´ve read on forex. Since everything is connected even equity traders might find it interesting. It´s easy to read and offers very good insights on how the spot market works.
Agustin Silvani is for forex what Tom Williams is for volume. I love reading those books that show how shady the market really is. Trading forex whothout this book is like jumping out of an aeroplane with no parachute .
Mind Over Markets
Markets in Profile -- both by James Dalton
Both books focus on using volume / value to create a picture of how the psychology of the auction process is unfolding. Some of the concepts may seem overly simple, but it's a simplicity that is often overlooked. Instead of giving strategies for specific markets, they try to show how all markets function by the same basic auction principles, and how the psychology of the auction can be used to predict possible outcomes.
Also, all three of Dr. Steenbarger's books. If you read his blog, some of it is repetitive, but he presents so many diverse, yet still relevant concepts that it would take years to absorb and implement all the great ideas he has.
Well, I guess it's not for everyone. Anyhow in order to explain the process. It's rather simple. We have a lot of programs running in the background. Meaning that they run constantly in your mind. And they're the result of all your accumulation of experiences, feelings and information since you were born. The part of the mind containing the emotions is the subconscious mind. That's why they're talking about letting go, which means letting go of emotions.
But in order to be able to get rid of something you have to have something to get rid of first. That's the part where you more or less are asked to face it. Most people don't succeed with that because they're using their conscious mind. And that part does not contain any emotions only a lot of rational thinking.
So simply put. When he asks to welcome the emotion. You're supposed to welcome the feeling when your 4 year old is the real terror, and then you'll be having an emotion to let go of. If you turn the process around, and go on visualising that the situation has already improved, then it's more difficult to let go of that, right?
Using Sedona with trading can be very beneficial, in order to get rid of all the emotional charge that any trading outcome can create. After all we all need to be in an erased mode, after every executed trade!
We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now. Past performance is not indicative of future results.
/George
I actually think this is the most overrated book in trading..Its long with alot of words but says alot of nothing. Market Microstructure Theory and Empirical Market Microstructure are better taken togather, but microstructure isn't that hard to figure out without a book if you just google high frequency trading stuff.
I think Mind over Markets was one of the few trading books I bought that was more than worth it, other than impressing chicks with your trading library book collection. Victor Niederhoffer's stuff I think is good as far as viewing trading in the wider area of speculation in general.
I would highly recommend Ralph Vince's Handbook of Portfolio Mathematics...Extremely deep stuff..highly theoretic as optimal F doesn't make that much sense in alot of cases but food for thought non the less.
Another gem is the later chapters in The Mathematics Of Poker on bankroll management by quant trader Bill Chen.
first really great thanks to Big Mike for that thread and of course for the whole forum.
secondly, I have question which may be somebody can help me answer.
I've interested to read just some simple books like Market Wizards or better like Pit Bull by Martin Shwartz
anyone can recommend something similar ?
I have only read two books about trading.
Reminiscences of a stock operator
Master the markets
I would and have recommended these two books to anyone. After reading some of the reviews I will probably read some more.