[Soultrader]

"... the most important change in my trading career occurred when I learned to DIVORCE MY EGO FROM THE TRADE."

A fun and great read about champion trader Martin Buzzy Schwartz. From his early days as a security analyst to becoming a champion trader, the book is packed with good trading wisdom. A book written by a trader for a trader. I particulary found it interesting to read about the edge he was able to gain when trading the S&P's (relationship to bonds). This piece of information forced me to look deeper into my trading methodologies and find an edge on my own.

Martin Schwartz advises that all traders find a style that fits him. This is basic common knowledge in trading but one of the most important elements for trading success. What is your trading style? If you can not answer this you probably do not have one yet.

I truly enjoyed this book and have read it several times. Every trader needs to find his strength and weaknesses. Instead of entering an arena where others can exploit your weakness, stick to the arena that you are dominant at.

[mjp]

Agreed. An excellent read. Couldn't put it down. I was interested in the appendex showing where he manually kept track of price in 30 minute time frames.....

Originally Posted by Soultrader »

"... the most important change in my trading career occurred when I learned to DIVORCE MY EDO FROM THE TRADE."

Hey, Soultrader, are you in Japan or something?


Edo - Wikipedia, the free encyclopedia


Anyway, it's much easier said than done, isn't it?

[Soultrader]

Originally Posted by cooter »

Hey, Soultrader, are you in Japan or something?


Edo - Wikipedia, the free encyclopedia


Anyway, it's much easier said than done, isn't it?

oops.. Typo. And yes, I am in Tokyo

[darthtrader]

I got this book yesterday and read it cover to cover, as said above, just couldnt put it down. Great fun read.
I especially liked at the dinner when Tudor Jones flew in on the helicopter. Someone needs to write a whole book on PTJ.