From the cover of a 2005 issue of Futures magazine that I found while doing some cleaning today.
Crescent Earth from the Departing Rosetta Spacecraft
22 hours ago
Sunday, May 31, 2009
05/31 Born To Trade
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4 comments:
Hi AT:
Have you ever read this book?:
Master The Mental Game, Your Worst Poker Enemy, by Alan N. Schoonmaker. I paid about $10 at Borders, and I have to say it is a wonderful read. I simply substituted trading instead of poker. I highly recommend it, especially since I know you are a big fan of Trading In The Zone.
On another note have you explored the pullback method of day trading? I find the simpler the system, the more easily I am able to follow it. Here is a some good links to explore:
http://www.tradingday.com/c/tatuto/pullbackdaytrading.html
http://www.mysmp.com/day-trading.html
http://www.hardrightedge.com/tour/spring.htm
Hey Rudy,
Thanks for the book suggestion. It's funny, my next little book splurge purchase was going to be a poker book too - The Tao of Poker (Larry W. Phillips). The psychology of poker is extremely similar to trading, if not exactly the same.
Also, the "pullback" method you're talking about (thanks for the links) is very similar to a simple entry method that I've been paper testing over the past couple of months.
I agree, the simpler it is, the easier it is to execute it.
More importantly for me, the simpler it is, the easier it is to see that there are going to be bad days as well as good days and to be able to stick with the method and see what happens with it over time.
Thanks again,
-AT
Hey AT welcome back. It's been awhile since I seen you. You were on of the first blogs on the internet I linked up with way back. I will add you again to my site if you want to link me to yours. hope all is well and I'll check back in.
Jayhttp://howidaytrade.blogspot.com/
Hey Jay,
Good to see you're still at it.
-AT
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