Archives of “January 22, 2019” day
rssEuropean bond yields are so unbelievably whacked. Lock up your money with France for 5 years for…. negative 18 bps
The Secret to Success in Trading
People that are more likely to find success in trading, or any endeavor, tend to be those who take the initiative. Without that belief in your own ability to take action to insure progress, i.e.: initiative, you will never transition from having a vision — hope –to implementation of a plan to achieve that vision – goal. Your belief and confidence need to get stronger with each step toward the goal. This is what will feed your thought process and attitude.
The most difficult part of the journey to successful trading is learning the basics thoroughly. You will know you are on your way when each step starts to get easier.
The real secret is understanding how simple trading is. The hard part is getting out of your own way to get to that point.
10 Must Reads Books
#10. Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris
“Trading and Exchanges demystifies the complex world of trading. It is a must for anyone interested in investing in the public markets” –Maria Bartiromo, CNBC News Anchor
“My goodness, if only I had known this, or hadn’t let it happen to me!” or, “never again, the b##tards!” – Victor Niederhoffer
#9. The Art of War by Sun Tzu
The classical Chinese War Manual written 2500 years ago that is a must read at every Military Academy in the world still! Why do we need to understand war? Begin to think in the context of the markets, should I take this trade, should I not the type of conflict present in everyday trading life.
#8. Statistics Without Tears: A Primer for Non-Mathematicians by Derek Rowntree
This primer without any of the mathematical formula and equations uses words and diagrams to help readers understand what statistics is and how think statistically.
#7. Twenty-Eight Years in Wall Street by Henry Clews (more…)