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Trading Lesson

You must become a student of yourself. Forget the markets. Study you. When you understand yourself and how you personally create your actions, you will be able to control your executions. You will never trade for consistent profits until you know why you do what you do and why everyone else does what they do, because both of you cannot be right in this game. Until you are thinking (and therefore acting) correctly against price action, you will never know why price action is what it is. You cannot…
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New Market Wizard - Randy McKay

Randy McKay -- There are few futures traders who have gone from a starting account of several thousand dollars to double-digit million-dollar gains. Those who have kept their winnings are even fewer. The start of McKay's trading career coincided with the birth of currency futures trading. Over his entire trading career, McKay has been profitable for his own account in eighteen out of twenty years. A conservative estimate would place his cumulative earnings in the tens of millions. (Source New M…
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Jesse Livermore - Reminiscences of a Stock Operator

Some inspiring and educational quotes by Jesse Livermore (from Reminiscences of a Stock Operator)
1) And when the market goes your way you become fearful that the next
day will take away your profit, and you get out-too soon. Fear keeps you
from making as much money as you ought to. The successful trader has to
fight these two deep-seated instincts. He has to reverse what you might
call his natural impulses. Instead of hoping he must fear; instead of
fearing he must hope. He must fear that h…
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geula4x avatar
geula4x 24 Dec.

+1 Liked: Thanks for sharing :-) A "classic" trader's book IMHO :-)

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Jesse Livermore - Reminiscences of a Stock Operator

Some inspiring and educational quotes by Jesse Livermore (from Reminiscences of a Stock Operator) 1) And when the market goes your way you become fearful that the next day will take away your profit, and you get out-too soon. Fear keeps you from making as much money as you ought to. The successful trader has to fight these two deep-seated instincts. He has to reverse what you might call his natural impulses. Instead of hoping he must fear; instead of fearing he must hope. He must fear that his …
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highwayman avatar
highwayman 17 Apr.

All Good Advice +1 Have You Read The Book ? Does He Explain His Trading System ?

alifari avatar
alifari 17 Apr.

Yes, I read the book, its not about system but his trading journey and all the ups and downs he went through. I would recommend you to read it.

highwayman avatar
highwayman 18 Apr.

The Title Is "Stock Operator" Not "Stock Trader" Or "Stock Broker" Does Operator = Manipulator ?

alifari avatar
alifari 18 Apr.

Not sure why the title is that, but it is a nice read....

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