The Reason I Don't Partner With Your Firm is Because You Are Cheap Wh0res
* You are a forex brokerage that lures small accounts with enticing promises of huge leverage;
* You are a "prop firm" that requires traders to pay big bucks to join, drastically limit the size that can be traded, charge ridiculous commissions to traders, and toss traders (or ask for more money) when you've milked them dry;
etc etc,
All of you have solicited my partnership and support in the past month.
Go f*** yourselves.
Imagine the market affected by two relatively independent vectors. One vector describes directionality: the "trendiness" of the market. The other vector describes volatility: the degree to which markets vary around a central price.
The first vector describes the degree to which market participants are reassessing value in the auction marketplace.
The second vector is closely connected to volume and reflects who is currently active in the marketplace.
I've read on a couple of other threads that the book "Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology" by Steenbarger is a good read.
However is this simply another book with regards only to trader psychology, ala, trading in the zone etc. I would like to know if there is practical advice given with regards how to review trading performance etc.
cheers
I've read on a couple of other threads that the book "Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology" by Steenbarger is a good read.
However is this simply another book with regards only to trader psychology, ala, trading in the zone etc. I would like to know if there is practical advice given with regards how to review trading performance etc.
cheers
Whilst it's a great book, I think his latest book is better in regards to dishing out practical advice.
Ordered his latest one the other day. Looking forward to reading it, the Excel chapter towards the end was enough to get me to buy it.
Reading a lot over his blog lately, and he does have some good posts, even gives some ideas to try when you encounter the problems, something which is rare with the psychology side of things, they usually just point things out then don't provide a solution/guide to help overcome it, a few books I have read have been total confusing nonsense, in comparison to Dr. Brett.
Sam you may want to read trader performance as well as the concepts are discussed in more depth. Then the last one has lots of steps to deal with things.
What do ya reckon Frink?
Yeah I thought about it, you think its worth it? I have Trading in the Zone by Douglas, although from reading that and reading Dr.Brett's blog, I definitely like the way Brett goes about things more than Douglas, I got confused and for me, Douglas went too in depth.
I actually think his stuff is rubbish .Thats a big fullstop
Could you elaborate more on what practical advice his newest book refers to Prof. Frink, or just practical advice on trading in general?
Cheers,
The reason i was looking at enhancing trader performance, as people alluded that it is good with regards to reviewing ones trading methods/performance, something which i probably do not pay enough attention too. Unless the book is catered to more seasoned traders, then it may not apply to me unfortunately
thanks
Your goals should set yourself up for success and a building of confidence
So here is your assignment: Each day this week your trading journal should include a specific goal for work that particular trading session, concrete actions that you will take to achieve that goal, and a self evaluation at the end of trading to gauge your success in reaching that goal. The goal should be a trading process that you wish to improve( i.e, something you have control over), not a profit target(which you ultimately don't control). For example, your goal might be to increase your trading size incrementally, to implement a strategy for for exiting in stages, or to limit trades to setups that align with the larger market trend. At the end of the day, you will give yourself a report card based solely on how well you achieved the goals you set for the day.
Yeah I thought about it, you think its worth it? I have Trading in the Zone by Douglas, although from reading that and reading Dr.Brett's blog, I definitely like the way Brett goes about things more than Douglas, I got confused and for me, Douglas went too in depth.
Has anyone ever done a study on the number of trades put on, versus the number of chapters read on horse**** books on Psychology of Trading, by traders.
The reason I ask is that I know some traders who are forever reading books on Psychology/Trading and never get around to having the guts to trade.
The rest just keep fit emotionally, trade with a plan, and use stops and money management.
These books seem to be the Stickbooks of Trading imho.
gg
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