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     wadda
Member
Username: wadda
Post Number: 256
Registered: 10-2002Rating: N/A
Votes: 0
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| | Wednesday, January 21, 2004 - 09:55 am: |  
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G'day Loki,
Sounds like you have plenty of reading to do!!!
IMHO, and being a lazy reader, I have only STUDIED (note the difference from READ) IC's Trading Guide (it was free), Weinstein as above and one that has been regularly recommended Elder's Trading For A Living.
I see value in a Candlestick book but I don't want to confuse myself too much yet with too many books!
I guess it all depends at what stage of trading you're at - I find with the resources I have at the moment that it is more than enough to study and importantly re-study several months down the track. Besides the more i read Weinstein the more worn out the cover gets and that's a good thing!!!
Happy reading/studying,
Wadda
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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spider
Member
Username: spider
Post Number: 1411
Registered: 10-2002Rating: N/A
Votes: 0
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| | Wednesday, January 21, 2004 - 02:23 pm: |
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Yo loki,
spider likes Swager.
But I do think that I commented once that I could not understand why he was having trouble with his own trading (his words) after having interviewed so many cool traders.
spider.
"If you start out depressed everything's kind of a pleasant surprise." from the movie 'Say Anything'.
"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!" - Jesse Livermore
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loki
Member
Username: loki
Post Number: 3
Registered: 01-2004Rating: N/A
Votes: 0
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| | Thursday, January 22, 2004 - 02:03 am: |
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Hi wadda
plenty of reading(studying) is correct. in fact i'm looping around again, just as you pick up different points in movies the 2nd time round, it's the same with books don't you agree?
I am in the v.early stages i guess you would say, just learning and watching atm. Is Elders book more to do with psychology, or part methodology aswell?
---
Spider on Schwager: my mistake, thought you didn't like the fella. In his 2nd book, there is something that might interest you in his personal reflection at the end. He states that he doesn't actually like trading, rather he likes the 'puzzle' and trying to solve it. He also states that he has learned that you must find a style for your personality and that trading isn't his. However he does say his progress has accelerated since switching to system trading as it cancels out the emotional strain that he exp trading, causing his dislike for it. and around we go.
loki
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wadda
Member
Username: wadda
Post Number: 258
Registered: 10-2002Rating: N/A
Votes: 0
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| | Thursday, January 22, 2004 - 09:22 am: |
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Hi Loki,
Although Elder is a practicing psychiatrist his book of 10 chapters only has 3 dealing with psychology: Individual Psychology, Crowd Psychology and Psychological Indicators.
The remainder deal with methodology.
There is also a work book that can be purchased with the book that is excellent.
Cheers,
Wadda
"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein
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spider
Member
Username: spider
Post Number: 1412
Registered: 10-2002Rating: N/A
Votes: 0
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| | Thursday, January 22, 2004 - 11:13 am: |
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Yo loki,
interesting, what you had to say about Schwager.
You can feel it in his writing.
I feel sorry for anyone that does not enjoy trading (most of the time).
spider.
.
"If you start out depressed everything's kind of a pleasant surprise." from the movie 'Say Anything'.
"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!" - Jesse Livermore
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trademaker
Member
Username: trademaker
Post Number: 53
Registered: 09-2003Rating: N/A
Votes: 0
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| | Wednesday, February 04, 2004 - 07:26 am: |
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Hello Traders/Investors
I read this article this morning and thought it might be interesting to others.
http://www.marketmasters.com.au/articles/explosionwaitingtohappen.php
Later TradeMaker
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spider
Member
Username: spider
Post Number: 1440
Registered: 10-2002Rating: N/A
Votes: 0
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| | Wednesday, February 04, 2004 - 04:19 pm: |
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You are going to absolutely LOVE this one ...............
http://www.theage.com.au/articles/2004/02/03/1075776058426.html
This is the photo that goes with the article, just in case you run into this guy somewhere...........
"If you start out depressed everything's kind of a pleasant surprise." from the movie 'Say Anything'.
"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!" - Jesse Livermore
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spider
Member
Username: spider
Post Number: 1464
Registered: 10-2002Rating: N/A
Votes: 0
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| | Sunday, February 15, 2004 - 01:06 pm: |
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Quote from today's Age..............
"Results from the country's biggest social science survey suggest it is relatively easy to get rich but hard to stay that way."
Interesting.
http://www.theage.com.au/articles/2004/02/14/1076548271788.html
spider.
.
"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!" - Jesse Livermore
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spider
Member
Username: spider
Post Number: 1465
Registered: 10-2002Rating: N/A
Votes: 0
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| | Sunday, February 15, 2004 - 01:14 pm: |
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From the same article................
"The survey shows that wealth - the assets people can fall back on - had a bigger effect on happiness than income. Life satisfaction hardly shifts with income but rises with wealth."
.
"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!" - Jesse Livermore
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i_claudius
Member
Username: i_claudius
Post Number: 1357
Registered: 11-2002Rating: N/A
Votes: 0
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| | Sunday, February 15, 2004 - 01:30 pm: |
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Money in and of itself has no value
If you were trapped in ice and snow you could only use it to light a fire and then only if you had matches
It is the things for which money is exchanged that have value ... money is for us what pebbles were to stone age man ...
In the end we can take nothing with us but we can exchange money for things that matter ... as opposed to things that don't
What matters to people varies widely
Some will squander money on almost anything
Values don't come from money ... they come from experience and wisdom ... and these are beyond price ...
Some care only for the pleasures they can bring to themselves ... others find pleasure in bringing pleasure to others ....
With Best Wishes
(Message edited by I_Claudius on February 15, 2004)
Roger (Executor of the Claudius Literary Estate)
QUOTATION :- "Never stop questioning" ... Posted by Bundy in the Options and Derivatives Forum on Friday, 16 January, 2004 - 21:40
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spider
Member
Username: spider
Post Number: 1468
Registered: 10-2002Rating: N/A
Votes: 0
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| | Sunday, February 15, 2004 - 11:03 pm: |
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Nicely spoken my roman friend.
Money cannot buy you happiness, but it can be used to fund a committee to find out why not!
spider.
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"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!" - Jesse Livermore
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spider
Member
Username: spider
Post Number: 1574
Registered: 10-2002Rating: N/A
Votes: 0
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| | Saturday, April 24, 2004 - 11:50 pm: |
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This is a 'MUST READ ARTICLE'!
http://www.theage.com.au/articles/2004/04/23/1082616327709.html?from=storyrhs
spider.
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"The only time I really ever lost money was when I broke my own rules." - Jesse Livermore
"When choosing between two evils, I always like to try the one I've never tried before."
- Mae West
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stevo
Member
Username: stevo
Post Number: 161
Registered: 01-2003Rating: N/A
Votes: 0
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| | Sunday, April 25, 2004 - 10:30 am: |
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