FAQ Which Books should a Beginner Read?

Apr 3, 2017
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http://www.trade2win.com/boards/new-trade2win/30637-books-should-beginner-read-22.html#post2902284


why then would anybody read a book if that psychologist couldn't make a living in the psychology of trading.

Psychologists tried trading , they lost , they learnt why they failed .So they give it to you why they failed for $800 .It is cheaper than losing $5m.If you are clever you will pay $800 and save $4.9m

because no human has the memory to be a successful liar , a liar needs a thousand lies to cover the first lie.A psycho needs to omit the info of why he failed , some need to omit a thousand truths.

Every MF psycho wants your money , but they will throw a few nuggets of gold at you.When 7 pychos throw a few nuggets each , trader will become wealthier in knowledge.The knowledge the individual psychos did not want to give for free.

Every liar tries to hide the truth every psycho is cleverer than you and every sales man wants to selll his advantages(he hides his disadvantages, effectively lies).

Listen to these sales men who have a magic holy grail , but they will improve yur knowledge.

Every time a trader loses money he feels sick , every time you are sick you visit a doctor , every time they visit a psycho they give knowledge of why they failed.

Get that knowledge, knowledge is wisdom.

If your anti failure srategy is great , you will not fail , you will build up a defensive strategy , you will not LOSE .
 

malaguti

Well-known member
Nov 3, 2009
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Psychologists tried trading , they lost , they learnt why they failed .So they give it to you why they failed for $800 .It is cheaper than losing $5m.If you are clever you will pay $800 and save $4.9m

because no human has the memory to be a successful liar , a liar needs a thousand lies to cover the first lie.A psycho needs to omit the info of why he failed , some need to omit a thousand truths.

Every MF psycho wants your money , but they will throw a few nuggets of gold at you.When 7 pychos throw a few nuggets each , trader will become wealthier in knowledge.The knowledge the individual psychos did not want to give for free.

Every liar tries to hide the truth every psycho is cleverer than you and every sales man wants to selll his advantages(he hides his disadvantages, effectively lies).

Listen to these sales men who have a magic holy grail , but they will improve yur knowledge.

Every time a trader loses money he feels sick , every time you are sick you visit a doctor , every time they visit a psycho they give knowledge of why they failed.

Get that knowledge, knowledge is wisdom.

If your anti failure srategy is great , you will not fail , you will build up a defensive strategy , you will not LOSE .
thank you, however you still fail to explain why you are contradicting yourself
 
Apr 3, 2017
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thank you, however you still fail to explain why you are contradicting yourself
Technical authors and mentors write books and sell their holy grail in courses etc, they pretend to be traders or highly succesful traders , ,psychologists talk about why most gurus fail to walk the walk , it is for psychological reasons.

The psychologists will offer you a solution through their books and courses , this can only give you knowledge about why traders fail.They offer their holy grails to make you successful.Some psychologists claim to make you a super trader , Dr Van Tharp has been evasive about all the psychology ,in his first book ,Trade your way to financial freedom.

None of them will tell you , the way we are born with our ancestral brain, traders are born "wired to lose in the market".This would deter all new business for technical mentors and psychologists.None of them can offer the solution to rewire your brain , it is the sames as it was thousands of years ago.

The only solution to be successfull is to trade "set and forget" strategies.These reduce your "wired to lose " handicaps.It can be done on lower times , very similiarly to Warren Buffet thinking/investing.

If you listen to trading and non-trading psychologists , you will learn about the human brain in trading.I have read many non trading psychology books and heard hundreds of lectures.

People like me are not liked by vendors.
 

malaguti

Well-known member
Nov 3, 2009
2,246
414
93
Technical authors and mentors write books and sell their holy grail in courses etc, they pretend to be traders or highly succesful traders , ,psychologists talk about why most gurus fail to walk the walk , it is for psychological reasons.

The psychologists will offer you a solution through their books and courses , this can only give you knowledge about why traders fail.They offer their holy grails to make you successful.Some psychologists claim to make you a super trader , Dr Van Tharp has been evasive about all the psychology ,in his first book ,Trade your way to financial freedom.

None of them will tell you , the way we are born with our ancestral brain, traders are born "wired to lose in the market".This would deter all new business for technical mentors and psychologists.None of them can offer the solution to rewire your brain , it is the sames as it was thousands of years ago.

The only solution to be successfull is to trade "set and forget" strategies.These reduce your "wired to lose " handicaps.It can be done on lower times , very similiarly to Warren Buffet thinking/investing.

If you listen to trading and non-trading psychologists , you will learn about the human brain in trading.I have read many non trading psychology books and heard hundreds of lectures.

People like me are not liked by vendors.
OK I get, it. If its a trader selling a book about trading, he can't trade and he is a snake oil salesman
whereas, if a psychologist is writing a book about trading he/she is doing the world a favour by imparting his knowledge on the subject
what a warped sense of the world you have:rolleyes:
 
Apr 3, 2017
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OK I get, it. If its a trader selling a book about trading, he can't trade and he is a snake oil salesman
whereas, if a psychologist is writing a book about trading he/she is doing the world a favour by imparting his knowledge on the subject
what a warped sense of the world you have:rolleyes:
Both are salesmen and sometimes psychologists sell seminars with trend trading educators , just to encourage they have the solution to Richard Dennis's losses of Trend trading , and they have magic solution for it.

Psychologist is writing a book on psychology , and why this other accomplice can not walk the walk.

They will show hindsight results trends , but they can not show any real trades over a consistent period of time.They make money one day of the week in trending conditions , then lose it over the next 4 days of ranging conditions.They both selling hindsight trend illusions and psychology courses combined.
 
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Apr 3, 2017
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I've done some fairly heavy duty housekeeping to this thread, so if your contribution is no longer here it will be because your recommendation(s) is already listed in post #1 or post #2. Occasionally, I've let a duplicated recommendation stand if it's part of a group of books (e.g. by the same author) or, more likely, if the poster says what they like about the book(s).

If you're thinking of contributing to the thread - and please do - only list books that are NOT yet featured in posts 1 and 2. If you can't resist adding your voice of support to existing recommendations and you want your post to stand, please add insightful, instructive and helpful comments about what you liked about the book(s)! Better still, head on over to Book Reviews and post your thoughts there!

For more info' about why posts to the FAQ threads are edited or deleted - check out the How the FAQ Forum Works Sticky.
Thanks,
timsk.
Anyway you can make a new bot called "The simple concise trading skills /information required for profitable trading"?

I know these articles are good , with good intent , all this information would be too much to process , in fact it would overload traders with information processing .My study on the human mind would tell me humans are not good at processing information .

The trading industry has provided several thousand books (road maps to the gold /money in the markets ), but no clear profitable road map to getting rich.This is overload of information.:)
 

timsk

Well-known member
Mar 18, 2002
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Anyway you can make a new bot called "The simple concise trading skills /information required for profitable trading"? . . .
Hi fl,
I'm unsure how to respond to your post as it appears to be a non sequitur that bears very little connection either to the post of mine you've quoted or to the thread as a whole. If your point is that traders - especially newbies - suffer from information overload, then this is well known and is a common complaint.

The primary objective of the official forum content on T2W (i.e. Stickies and FAQs etc.) is to address this very problem by whittling down the central issues to bite sized chunks that provide a solid foundation upon which members can build their trading knowledge and skills. In the case of this specific FAQ, the books listed here are the ones that members regularly site as being the most interesting and helpful. If you know of a publication that offers a "clear and profitable road map to getting rich" - then by all means list it and provide a link.
Tim.
 

piphoe

Well-known member
Oct 31, 2015
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are you still using your hindsight technical anylysis by Pring?
as opposed to what...foresight fundamentals? thats "market timing" too. fundies don't drive the market, EXPECTATION does

have you ever heard..buy the rumor sell the news :LOL:

EVERY trade IS market timing