|
PureBytes Links
Trading Reference Links
|
And some body believed this old saw??? Of course you can cheat and honest
man. The more honest the better.
Brent
----------
> From: Terry S. Smith <tesla@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: GEN: books on currency
> Date: Monday, October 26, 1998 10:07 AM
>
> You can't cheat an honest man, W.C Fields said that
> -----Original Message-----
> From: Ira <ist@xxxxxx>
> To: tesla@xxxxxxx <tesla@xxxxxxx>
> Cc: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Monday, October 26, 1998 9:29 AM
> Subject: Re: GEN: books on currency
>
>
> >Those commercials have been on for several years. Almost every
> recommendation
> >has been a loser. Like heating oil last year. They really know how to
press
> the
> >uninitiated's greedy button though. Ira
> >
> >Terry S. Smith wrote:
> >
> >> Mark Douglas The Disciplined Trader should be the first book for him
to
> >> read. He will likely feel because he was successful in his prior
business
> he
> >> can automatically transfer that into the trading environment. WRONG.
In
> an
> >> unstructured environment where anything can happen he will need to
have
> the
> >> proper mind set so that he does not do Financial and psychological
damage
> to
> >> himself. Any of my friend who ask me how to break into trading (like
> there
> >> some head honcho they need to talk to for getting hired) I tell them
to
> work
> >> on themselves first then find a trading method and market that fits
their
> >> psychological makeup. The fact he is letting a Television commercial
> dictate
> >> what kind of market to trade really sets off some red flags.
> >> -----Original Message-----
> >> From: cb <cpbow@xxxxxxxxxxxxx>
> >> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> >> Date: Sunday, October 25, 1998 5:10 PM
> >> Subject: Re: GEN: books on currency
> >>
> >> >Joe Frabosilio wrote:
> >> >>
> >> >> Hello everyone,
> >> >>
> >> >> A friend of mine wants to trade the yen. I had recommended that he
> read
> >> >> Schwager on Futures. Are there any other books that I should have
> >> >> recommended to him? He is a real beginner to any type of trading.
He
> >> >> got caught up in the hype from a Television commerical and from a
> couple
> >> >> of brokers that he had called.
> >> >>
> >> >> Thanks for your time and effort,
> >> >> Joe Frabosilio
> >> >
> >> >
> >> >"Elements of Successful Trading" by Rotella.
> >> >"Winner Take All" by Gallagher
> >> >These are not books on currencies but very valuable to a "real
> >> >beginner". The first is a very broad intro to futures, options,
tech.
> >> >analysis, and $mgmt. The second is a book full of warnings and also
a
> >> >good non-mathematical *illustration* of $mgmt.
> >> >
> >> >You also might try to de-hype him as much as possible. Speaking from
> >> >experience, I think very few beginners have really taken to heart the
> >> >concept of drawdown, what a gap move might do to them, etc. This is
> >> >probably true even when the data is at least in part in front of
them,
> >> >and you can assume that the TV ads didn't talk much about that!
> >> >
> >> > Conrad Bowers
> >> >
> >> >been a beginner for 3 yrs. now..... :|
> >> >
> >
> >
> >
> >
>
|