Thread: Noob needs to learn more - what books do I need?

I know you did not like the Taleb's book, but have you read another book from Taleb, The black swan? I enjoyed both books from Taleb... however they are similar in its style.

Besides reading books I would suggest two things which have helped me a lot:
1) Trade together with someone, form a bunch of people to trade with or Find a coach
2) Use a detailed journal of your transactions, mark down as much info for each transaction as you can and go through your journal before and after each session

I believe that you must give another attempt to taleb. However, you need to see that taleb is both trader and philosopher so dont expect to hear from him if should you enter or if should you exit a transaction. He has a new book coming called Antifragile so that might be interesting.

Originally Posted by ;

I think you should give taleb another try. However, you need to see that taleb is trader and philosopher so dont expect to hear from him when should you enter or when should you exit a transaction. He has a new book coming called Antifragile so that may be interesting.

Rather not partner. I like facts not some posh chit chats:-)

Originally Posted by ;

Hi All
I lost quite a lot of cash on trading, therefore I thought it would be better to invest some money on schooling in stead of loosing them online markets. I attempt to read about different markets but am interested mostly in FX
So far I read, or have in my own library waiting to be read:


The Small Book of Common sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits) by John C. Bogle

my very first book about markets I ever read, and very intriguing. I have few grands at HSBC...

ive pretty much learnt anything I know from the net,and just lately ive been watching nial fuller very tightly,just nial fuller alone could be enough for you I think,hope this helps

According to what I've read all these are my preferred books

1. http://www.amazon.com/Markets-Profil...market profile
2. http://www.orderflowtrading.com/BookInfo.aspx
3. http://www.amazon.com/Pit-Bull-Lesso...ion day trader
4. http://www.amazon.com/Market-Wizards...market wizards
5. http://www.amazon.com/Tao-Poker-Rule...s=tao of poker

My man, It seems we are having same path, same thing happens with me will trade 2 or 3 months good, and a week I want to reach certain amount of cash to around or something and that I shall flush everything in 2 or 3 days, greed and over-leveraging I start losing subject, and you know the story.

Only I've lost in two years around 4000 dollars, last matter was in November, I started using 900 usd on Oct 22 till 18 November I practically double my account 1700 usd, also I wanted to buy X-Pro 1 camera with all the profit, however the camera will be 1300 usd, or so the story is in 2 days wipe out. Now I rested till 3 Jan 13, and I'm starting with Xman System, just on 1 Hr chart.

Originally Posted by ;

Hi All
I dropped quite a lot of money on trading, so I thought it'd be better to spend some money on eduion in stead of loosing them on markets. I try to see about different markets but am interested largely in forex
So far I read, or have in my library waiting to be read:


The Small Book of Common awareness Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Books. Big Profits) from John C. Bogle

my first publiion about markets I read, and very interesting. I've few grands...

Originally Posted by ;

My guy, It appears we are having same route exactly the same thing happens with me I will trade 2 or 3 months great, and last week I wish to reach certain quantity of money to around or something and I shall flush everything in 2 or 3 days, greed and over-leveraging I start shedding subject, and you understand the story.

Only I've lost in a couple of years around 4000 dollars, last thing was November, I started with 900 usd on Oct 22 until 18 November I almost double my account 1700 usd, and I wished to buy X-Pro 1 camera with the profit, however the camera is 1300...

Same thing happened to me twice. Now I simply control my self not to lose any thing.

I must admit, after reading this thread, so much light was thrown on the pure plogy of mastering ones emotions when it comes to trading! Look egies I believe can be developed by the masses of analysts on the market, but the psych of controlling the egy by strict proportion is of enormous importance. I've read many novels (not likely to record in an older thread now) and have been watching the markets and the reactions to FA events for a long period before I've eventually decided to begin trading. Of course, I am still on a demo account, heading on for my 4th month today, but I seem to be creating a egy that's profitable, when I could control my emotions... havent conduct an account dry nonetheless. So that said... the opinions and information from the expert traders are HUGELY appreciated!

Van Tharp's: Definitive Guide to Position Sizing if you can find one available.

Originally Posted by ;

Van Tharp's: Definitive Guide to Position Sizing in case you can find one available.

I understand how to correct position dimensions - I can edue others about mm, ps and plogy - so the point is I Can not master mine