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PureBytes Links
Trading Reference Links
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I'd be interested to know the website's URL.
The Way of the Warrior Trader by McCall - do you know the publisher? I'd be
interested in this as well.
You might be interested in another book - doesn't touch on trading though -
called Zen in der Kunst, das Schwert zu führen, (loosely translated - the
Way of the Sword) - by Reinhard Kammer, published by Otto Wilhelm Barth
Verlag.
It's a translation of an 18th century Japanese text called "the art of the
mountain demons (tengu-geijutsu-ron)" - basically it's about the mind and
achieving mastery in the context of kendo/samurai.
If you achieve mastery as a samurai thro following your teacher's training
and training your mind, you will know how to achieve mastery in anything you
care to apply yourself to - such as trading.
There is apparently an English translation by the same author (Kammer) but I
never located a copy apart from in the New York State Library, which was the
wrong side of the Atlantic for me.
While I'm on the subject, there's another book that's not quite as
philosophical but is very inspiring about a real historical figure called
Tesshu who died in 1888. By John Stevens, The Sword of No-Sword - the life
of master warrior Tesshu. There's a German translation too.
In fact I'd read Tesshu first, and then use the inspiration to get you
through Tengu, which can be heavy going.
Adam
>>>>>>>>>>>
>Reading through that Shogun web site I mentionned yesterday, I found that
piece
>that perfectly summarizes the way I try to approach trading myself. At my
>current state of understanding of trading matters, I found that after the
>discretionary trader stage, the systematic trader stage usually comes the
flow
>trader stage, which is described below. I don't know though what evolution
>awaits those that fully master the flow stage... plus I have yet to master
all
>these aspects anyway.
>
>Nevertheless, my current working assumption or insight is that flow trading
is
>not a separate state from the previous two ones, only some sort of merger
of
>the two. One has to remember the original enthusiasm of the markets
generating
>a state of happiness of "getting involved" and combine it with the iron
>discipline of following strict sets of rules day in day out, while
>internalizing all these features, no longer "waiting" for the buy and sell
>arrows to appear on some trading screen but actually coming to act oneself
even
>before such arrows would have shown up. The flow trader is already in or
out of
>the position by the time the system trader acts. He is one with the market,
not
>following it.
>
>good reading
>
>Gwenn
>
>
> In "The Way of the Warrior Trader", Dr. McCall keenly noted that
>in his experience with successful traders he found that his clients
>seemed to identify themselves almost "intimately" with their surroundings.
>That is, these people seemed to flow with the ground they walked on,
>with the door they opened, with the very air they breathed - all being
>the elements of the inner selves these traders possessed. The apparently
>extraordinary behavior of these people is directly attributable to their
>great successes in the marketplace where they proved to themselves that
>they were able to sell higher than they bought, day in and day out. Put
>simply, they did not make it a point to prove to themselves that they
>could "beat" or "conquer" the market. They made it a point to become an
>inseparable part of the market and flow, or rather, synchronize with it.
><<<<<<<<<<
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