Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

Published by wsam29
01-25-2007

Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

I don't know what else to say but this guys material is worth its weight in gold times 10.

Jason goes into detail on a psychologial level as to why these rules need to be followed. Along with his webinars from the CBOT, he explains how the trading environment thinks and goes about its daily business.

If you are struggling with your consistancy in trading, chances are it's your thought process and not any system that you are following that is the problem. Even a winning system will not work if you are not thinking the same way winning traders are. His book address those issues.

I just wish this book was published sooner, it would have saved me years of anguish and not to mention money...but you don't learn unless you lose and look in the mirror to see the problem.

Author review
Trading Wisdom		5
Insightful		5
Unique Content		5
Worth the Price		5
Average 100%

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#1 (permalink)

By torero on 01-25-2007, 04:00 AM

Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

Does this book come with exercises to work on these rules?

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#2 (permalink)

By wsam29 on 01-25-2007, 08:16 AM

Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

No, it just explains how and why these rules work, its up to the reader to implment them into their trading.

But just think about what you have done after you made a trade is what this book focuses on, minimizing mistakes.

I suggest watching his webinars first from CBOT.

Each one of us has our own issues and those rules will either help you or they won't, but at least you'll understand why you do the things you do in the first place.

The goal is to become your own trading shrink and not replying on someone else to solve your issues.

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#3 (permalink)

By KhurramNaik on 01-25-2007, 02:03 PM

Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

Ah, I missed this thread, there's a review in SFO mag here: SFO Magazine Official Journal for Personal Investing in Stocks, Futures and Options

Last edited by KhurramNaik; 01-25-2007 at 05:27 PM.

#4 (permalink)

By Reaver on 02-02-2007, 01:54 PM

Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

How much depth does the book go into for developing a trading plan?

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#5 (permalink)

By wsam29 on 02-02-2007, 02:15 PM

Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

There is no point having a trading plan if you cannot follow it.

You can't follow the plan because you don't understand why you need to follow the rules.

It's a viscious circle of "you won't get it, until you get it". My eiphany occured after reading his book.

And believe me, its already had a huge impact on my trading results.

What your main objective is as a new trader is to understand yourself. The only way to do that is to lose money. From losing money, you learn what not to do in order to make money. In order to make money you need to follow the rules. When you follow the rules you will be able to follow your plan.

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#6 (permalink)

By Jakew on 08-16-2007, 02:34 PM

Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

Can anyone agree with this author that bull markets are an aberration? That all markets are inherently bearish? This sounds just crazy if you can take a look at - for a more conclusive proof - 100 year charts of stocks and commodities.

His writing is interesting but boy too unusual for its own, or a reader's, good.

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#7 (permalink)

By thetradingdoctor on 08-16-2007, 04:41 PM

Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

Jason has some great ideas in this book, and I congratulate him for the time and effort. I have the book and refer to it from time to time.

I actually think that the personality of Jason is the most interesting part of this book. He is a man of many disguises, almost a chameleon who comes and goes like a shape shifter through the land of traders. He doesn't say much, but he listens a lot and wants you to talk to him so he can learn about you, even if he doesn't talk back.

Have I ever met him? Unfortunately no. I would love to spend time with him because he has mastered among the most challenging of trading skills, i.e. learning how other traders think and do by having them tell him without his asking. If that is not genius, then what is?

My hat is off to you, Jason---wherever you are!

Thanks!

Doctor Janice

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#8 (permalink)

By Soultrader on 08-16-2007, 04:50 PM

Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

He used to roam around here and often visited the chat room where I would attempt to ask him some psychology related questions. I really liked the way he thinked and approached the markets. Theres also an interesting interview he did with Traders Interview for those who might be interested.

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#9 (permalink)

By cooter on 08-16-2007, 09:41 PM

Re: Trading Rules that Work: The 28 Essential Lessons Every Trader Must Master

May as well post the link to the interview:

http://traderinterviews.com/programs..._Jankovsky.htm

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