- Shopping Bag ( 0 items )
-
Hang in there for the later chapters
I found the first half of this book rather disappointing in the same way as I found The Disciplined Trader: Developing Winning Attitudes disappointing. Too many babbling chapters that boil down to a simple point like "don't fight the market". Too much dodgy pseudo-science about negatively- and positively-charged energy, and too much reliance on non-trading analogies.
The book really redeemed itself in the later chapters with its points about thinking purely in terms of probabilities, expecting the unexpected (see also The Black Swan: The Impact of the Highly Improbable), and accepting that you are fallible (see Soros).
This book will not give you a concrete strategy for beating the markets, except possibly this one: Approach trading like you were operating a casino. Bias the dice slightly in your favour (through fundamental analysis, pattern-spotting, or whatever) and if you roll (trade) enough times then you will generate consistent profits. Accept that in the meantime any one trade can go against you. Relax, and don't fight the market!2 out of 2 people found this review helpful.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged. -
Anonymous
Posted November 21, 2001
A must-read for long-term trading success
Agree with other SF trader: easier read than his first book & crucial concepts for those wanting success long-term in trading.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged. -
Anonymous
Posted October 18, 2000
Tons of trading insight
This is a much easier read than his first book - more trading examples too. It picks up where the 'Disciplined Trader' left off - and I couldn't wait for the hardcover, so I bought the softcover from Mr. Douglas' website. I wish I would have taken advantage of his coaching services years ago! A must for every serious trader.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged. -
Anonymous
Posted November 27, 2010
No text was provided for this review.
-
Anonymous
Posted October 17, 2010
No text was provided for this review.
-
Anonymous
Posted October 9, 2010
No text was provided for this review.
-
Anonymous
Posted January 1, 2009
No text was provided for this review.
-
Anonymous
Posted October 8, 2011
No text was provided for this review.
-
Anonymous
Posted June 2, 2011
No text was provided for this review.
-
Anonymous
Posted September 22, 2010
No text was provided for this review.
-
Anonymous
Posted February 17, 2010
No text was provided for this review.
