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I must say when Dr Elder said in his Psychology Video say to yourself "I am
a Loser" each day before trading, he lost me. Did anyone else have this
effect from the book?
David Hunt
http://www.adest.com.au
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| From: RAY RAFFURTY <rraff@xxxxxxxxxxx>
| To: tesla@xxxxxxx; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
| Subject: Re: Wrong Lessons for trading.
| Date: Wednesday, November 25, 1998 11:35 AM
|
| Elder's book is quite good, but contains only about 3 chapters
about
| the psychology of trading. The rest is devoted to descriptions and
methods
| of using some of the more basic and readily available indicators. He
then
| develops these into trading systems and presents some risk management
| techniques. After reading it you will probably want to go to some more
| detailed texts on the subjects that interest you. For an excellent book
on
| the psychology of trading try "The Disciplined Trader" by Mark Douglas.
|
| Good luck and
| good trading,
|
Ray
| Raffurty
|
| -----Original Message-----
| From: Terry S. Smith <tesla@xxxxxxx>
| To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
| Date: Tuesday, November 24, 1998 11:11 AM
| Subject: Re: Wrong Lessons for trading.
|
|
| >Have never read Elders, Trading for a Living, but I have heard great
things
| >about it, maybe I will add it to my trading library. E-mail me privately
in
| >this matter.
| >-----Original Message-----
| >From: Mike Campbell <mcampbell@xxxxxx>
| >To: tesla@xxxxxxx <tesla@xxxxxxx>; realtraders@xxxxxxxxxxxxxx
| ><realtraders@xxxxxxxxxxxxxx>
| >Date: Tuesday, November 24, 1998 8:54 AM
| >Subject: Re: Wrong Lessons for trading.
| >
| >
| >>Terry S. Smith writes:
| >>
| >>> The best book I have found to unlearn basic human nature is MINDTRAPS
| >>> UNLOCKING THE KEY TO INVESTMENT SUCCESS By Roland Barach. Before
| >>> reading the book it did not occur to me that I needed to shift my
| >>> perspective 180 degrees to be successful. After reading it I began
to
| >>> realize why I was struggling to making any money in my investing
| >>> persist. It lists 88 psychological snares or Mindtraps that we must
| >>> unlearn to become successful in this business. The ISBN is
| >>> 0-935219-07-2. Happy trading,
| >>
| >>How would you rate this book with respect to Elder's "Trading for a
| >>Living"? I'm reading that now, and it's an eye-opener for me.
| >>
| >>
| >
|
|
|