Recommended Reading

This is a discussion on Recommended Reading within the Trading Delta Cycles forums, part of the Specialists' Corner category; 12 Rules for life - an antidote to chaos by Jordan B Peterson This is Jordan B Peterson's second book, ...

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Old Mar 24, 2018, 1:13am   #16
2be
 
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12 Rules for life - an antidote to chaos by Jordan B Peterson

12 Rules for life - an antidote to chaos by Jordan B Peterson
This is Jordan B Peterson's second book, it is very applicable to life in general, some insights very useful to trading as well.
There is a great depth and many very useful concepts and insights that are useful and applicable in a life of successful person / or profitable trader.

As I have posted on Delta thread... have a look at Professor Jordan Peterson's lectures.
A very good communicator and his lectures are free (free to you, though they are very valuable indeed, and therefore in that important sense they are not free but graciously provided by Jordan Peterson) and inspiring and useful, concepts like face your own "dragons" /fears, kill the dragon and make armour from his scales and skin, with his fire warm yourself up and bake potato just one example (personality lectures). One can easily find Jordan Peterson on Goggle and his lectures are on you tube, but it is best to go to his website and get links from there. better and chronologically organised.
Jordan Peterson - not only a great communicator but an important breath of fresh air pointing to inescapable reality. He is a very generous man to share such high quality lectures on you tube, which is part of his life work and achievement, sharing these lectures, instead of holding it just to himself and only allowing his students to have access to it.
That in itself is a pointer to how great and committed man Jordan Peterson is to have a positive influence on many people, majority of whom he will never meet.
IMHO listening to his lectures and reading his book is a great investment. I hope in time you would agree.
__________________
A Trading Plan - You MUST Have One! http://www.trade2win.com/boards/home...ave-one-7.html
Outside of Trading Plan and Strategy there is chaos I am often tempted to explore but not with my trading capital!
When NOT TO TRADE is important, or even more crucial than to know when TO TRADE.
There is no trading without risk, do not think otherwise.
Without being stupidly greedy - grab what you can!
Without being too afraid - lose as little as you can!

Last edited by 2be; Mar 24, 2018 at 2:51pm.
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Old Oct 14, 2018, 10:39am   #17
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The dirty dozen: my beliefs about the market and trading
by AdamHGrimes | Aug 27, 2018 | Trader Development | 0 Comments

I thought it might be interesting to put together a list that summarizes my experiences, successes, failures, and the beliefs that grew out of that work. It’s not a simple list, as some of the bullet points contain more than one thought. I had fun doing this, and encourage you to do the same for yourself. Your list will be different than mine, but writing down your beliefs might be an important step toward structuring your thought and moving toward enduring success in the markets:

I believe that markets are very close to efficient. Competition erodes any easy profits, and it’s very difficult to make money in markets. There is no free lunch—risk is the companion of any potential reward; they always go together.
Simple things work. Simple patterns can show a statistical edge. Trading is not nearly as intellectual or complex as many would have us believe.
There are many different ways to trade or invest; many different ways to make money in the markets. (The good news is that this means that many different personalities and approaches can find success in the markets.) The surprising thing is that all of these ways are hard to find, and even harder to implement.
The markets are full of apparent contradictions and paradoxes. (My list, so far, should make this obvious!)
Most of the things people talk about do not work, and certainly do not work as advertised.
Trading is more about self-control than about anything else—more about what we do than about what the market does. Many of the challenges of trading stem from the fact that the market is the net result of the competitive action of many traders. This is why market movements seem to “provoke” the wrong actions and emotional responses—this is real. It’s not in your head!
Risk management means making sure no one loss can take you out of the game.
Expert opinion isn’t worth very much. We shouldn’t waste any time when a famous investor pontificates on a market’s direction or eventual worth. They don’t really know. If you simply spend a decade tracking these proclamations, this becomes very obvious.
Similarly, all these “trading sayings” are highly misleading. There are few universal truths: never add to a losing trade, you can’t go broke taking profits, cut your losses—these, and every other trading proverb, only apply to certain styles of trading.
Solid statistical analysis is important. Human intuition has a place in trading, but it is also highly misleading. A corollary is that sloppy or bad statistics are worse than no stats at all.
Discipline is one of the most important things, but what people often miss is that discipline is a result—a result of process, having an edge, having a trading plan, and developing the skills of trading.
The individual can be wildly successful as a trader or investor, and the main elements of that success are: having a method with an actual edge, having clear rules that define what you will and will not do, having the skills and framework to apply that edge, and having sufficient capital to generate meaningful nominal amounts from a reasonable percentage return.https://adamhgrimes.com/the-dirty-do...t-and-trading/

I also highly recommend his books, available on Amazon.

The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies (Wiley Trading)
__________________
A Trading Plan - You MUST Have One! http://www.trade2win.com/boards/home...ave-one-7.html
Outside of Trading Plan and Strategy there is chaos I am often tempted to explore but not with my trading capital!
When NOT TO TRADE is important, or even more crucial than to know when TO TRADE.
There is no trading without risk, do not think otherwise.
Without being stupidly greedy - grab what you can!
Without being too afraid - lose as little as you can!

Last edited by 2be; Oct 14, 2018 at 6:02pm.
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