"I was wondering why the frisbee kept getting bigger and bigger, but then it hit me"
That one-liner was funny when I heard it the first time and it's been funny ever since. A close second is: "Don't you hate it when someone answers their own questions? I do."
Only competing with: "The man who invented knock-knock jokes should get a no-bell prize".
These 'oldies but goodies' crossed my mind while spending time reviewing previously read booksduring the lower volume trading days. There is so much wisdom 'out there' that is good and wholesome and authors that are so generous in sharing information. Having an Amazon Kindle is great, though there is something about turning actual pages in a book while making annotations with a real pen or pencil.
These are some of the books I've recently re-read that are squarely focused on methods and mindset. Many forecasts can and do play out; what separates successful traders and money managers from others, is the skill in how to deploy the strategy and that is what I chose to focus on. Lesson of a Lifetime by Mark Wolfinger and while it isn't his only book, I find the particular style in this one engaging and he has a way of verbalizing many of the things that have come to mind over years of trading. Successful Trader Size their Positions by Tom Basso packs a proper punch - and what a hell of a great guy he is!
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Jonah S. Ford has a specific way of writing things in a manner that resonates. I'd love to meet him someday. Many have written reviews on The Mental Strategies of Top Traders by Ari Kiev.
Eric Balchunas Institutional ETF Toolbox provides interesting insights. Thinkertoys by Michael Michalko resets the creative brain and is a well-worn book on my shelf (of physical books...) and is a good fit with Stephen Eifert's Cross-Train your Brain. Also, books and papers by Meb Faber and his weekly newsletter are excellent brain-sharpening tools. The Forgotten Lessons of 2008 by Seth Klarman of The Baupost Group is a sobering read.
Walter Deemer on Technical Analysis always provides new gems. Courtney Smith 's book on Futures Spread Trading is a centerpiece of our reading material. Stop and Make Money by Richard Arms, The New Sell and Sell Short by Alexander Elder, Trade Like a Hedgefund by James Altucher anything by Michael Covel . The Trader Lion Model Book by Ross Haber draws me in every time as it's generously padded with visuals. Most if not all strategy books could and will be successful strategies provided the executioner is skilled in implementing them correctly.
Rounding out 2023 a little wiser - hopefully, and ready to take on 2024 and its challenges and successes.
Owner at enjoytheride.world LLC, not looking to expand my business since I'm really enjoying retirement!
1 年Thanks for the kind words, Samuel. ETR!