Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader

£12.495
FREE Shipping

Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader

Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader

RRP: £24.99
Price: £12.495
£12.495 FREE Shipping

In stock

We accept the following payment methods

Description

If the answer is yes, then fear, mindset and trading psychology apply to you. It doesn't matter anyway, since you're trading a random market. My journey as a trader started when I came across a book called Liar’s Poker . I was home from school with flu and my dad brought me some books from the library. Liar’s Poker was one of them. I just watched some videos about mindset and trading psychology. Behind such presentation is this underlying assumption of randomness.

These clippings capture the most significant and thought-provoking passages from the books I have read, allowing me to revisit and reflect on them later and you to assess the depth of the author's insights, the clarity of their writing, and the overall value of the book's content: In the same vein, we can all trade bravely and aggressively when we are trading one lot, but can you trade with absolute clarity and emotional detachment when you are trading a 10-lot or a 100-lot? Tom also manages a Telegram channel in which he posts, live, his own trading activity.It is said there are trading rooms replicating Tom’s trades.I have no trouble believing this. It teaches how to train your brain to respond inhumanely to the survival impulses that plague the normal way of approaching (or not approaching) a trade. It’s going to require a hell of a lot of effort, and trial and error on the reader’s part. But you don’t have to trust me when I say it pays off. I’d say trust the author. You see what my message really is? I try to lose little when I lose. When I lose, I instantly get an urge from my body chemically to get revenge. That is poisonous to my mental health and decision making. So when I lose, I am double alert to my emotions. So you are asking what to do in the next 4 to 6 weeks, while I am away?So yes, treat the source of the problem. I think the blindness you speak of is pulled from the overall objective of obtaining a championship mindset.

I had befriended the staff at the broker I traded with. They hired me as a financial analyst. I say analyst, but I was a glorified media whore. My mandate was to get the brokerage seen on TV and my credentials were an understanding of technical analysis. Full Book Name: Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – Written by a High-Stake Day Trader There is a law in Europe that states that brokers offering trading services to retail clients must disclose what percentage of their clients lose money.Top notch book on trading psychology. Dont bother reading this book until you have traded for a significant period of time (what is significant depends on the individual), because you wont get it. Its about the emotions that come with trading, with running the losers and cutting profits etc. When you are in a winning position, instead of thinking where to get out, why don’t you think about where to get in more?”

I wrote earlier, I spend a considerable amount of time researching the roulette game. And roulette spins are random, or it should be. As for the randomness of the markets..I know the markets can be very random in any moment. But I find non-randomness in the bigger picture. Why would that be..Why do I have certain patterns that have 90%+ probabilities ? I have thoughts that its human driven...As the charts are as Al Brooks would say nothing more than a rational representation of human behavior. any one trade is like a life insurance actuary trying to determine the fate of one person... You cant.. But in the case of a large sampling the actuary can make a high probability estimations of groups with certain criteria. What am I doing, enabling me to have the success in trading that I have, which the others are not doing? Harriman House Ltd will use the information you provide on this form to keep in touch with you and to provide updates and marketing.

Customer reviews

Tom’s hard-earned wisdom explains that “ normal”consists in a number of emerging human behaviours designed to avoid pain and being uncomfortable when managing a trade. All of them, invariably, are counter-productive in the long term. This book is of course is not the first one assessing this. This book dispels the myths of what it takes to be a home trader, or any trader for that matter. It has been a journey that saw me initially pursue the path that everyone else takes – a lot of books about a lot of indicators, patterns and ratios – before finally realising that the real answer to the elusive quest for trading profits was right inside of me all along. It truly was the last place I ever thought of looking. A PROMISING BEGINNING We can't dissociate the conversation into seperate parts that contradict each other. If we assume randomness, then there's no edge in trading. Fear, mindset and trading psychology become irrelevant. I am leaving no stone unturned. I have described every facet of life as a trader, from the mundaneness to the excitement, and I have described the exact steps I take every day, week, month and year, to ensure that I am up to the job.



  • Fruugo ID: 258392218-563234582
  • EAN: 764486781913
  • Sold by: Fruugo

Delivery & Returns

Fruugo

Address: UK
All products: Visit Fruugo Shop