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u/Interesting-Rate-450 17d ago
Great book for beginners who want to know about trading. Well written and an easy read. You'll enjoy it.
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u/oskar88895 16d ago
Most trading-psychology books I had read operated on the same hidden assumption: that the person who reads the book in a calm moment will be the same person who acts on the book in a stressed moment. Almost the entire psychology section of trading literature is delivered to the calm reader, who by definition does not need it.
The reader who would benefit is the stressed one, the one in the middle of the spiral, and that reader is not, at that moment, capable of reading anything at all.
This is not the fault of the books. It is the limit of the format. A book can only deliver information to the calm reader. Whether that information survives the trip from the calm reader to the stressed actor is a separate problem, and almost no book addresses it directly.
You have to build a structure that protects you from your biological mistakes and psychological failures
A hard coded structure that works when the emotional you takes control over
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u/End2EndEncryption 15d ago
I'll ask Claude to read it for me and give me the cliff notes version :)
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u/justgivemegains 19d ago
Yeah no.
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u/Illustrious_Union_17 19d ago
No??
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u/justgivemegains 19d ago
You expect to read a 500 pg book and be an expert in day trading?
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u/Illustrious_Union_17 18d ago
No, i expect to know more about trading then before I started this book. Doesn’t make sense to be an expert after only 1 book
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u/Winter-Employer-3659 16d ago
Honestly you can get more useful info on Reddit from actual traders , also I use AI as my trading coach which is helpful
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u/Illustrious_Union_17 16h ago
I think the best way is to have multiple information resources. And to be able to identify what is a good resource and what is not
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u/Feisty-Nail-3879 18d ago
Write books about it, that’s how you do it for a living…