Best trading books

[megarain]

In one of J.K.Galbraiths books, there was an editor who had a
Mug with the inscription

Keep clam and proofread.

I felt it was sheer genius, and still do.

[brimson25]

One thing that helped me massively in terms of mentality has been a Youtube poker vlog from a guy called Andrew Neeme.

Here's a profitable risk taker that shows you his ups and downs. The more you watch it, the more you realise that:

- You'll have winning trades and losing trades, and that's OK
- You don't need to trade every market and every situation
- It's OK to wait patiently for hours for a suitable trading situation to occur

All of this makes sense to a pro, but I can assure you that it took a while to sink in for a budding trader like myself (I'm in my first year) and watching his vlog helped a lot.

i come from a poker background. Like him too.

[wearthefoxhat]

My work has been often been in part and put into book(s) against my wishes, so I am thinking of writing one just so there is an authoritative guide.

Sounds like a good idea!

[brimson25]

I tend to only read books by people who have actually achieved something and can give insight into it. Too many books are written to be sold. There are good books out there, just very few and far between.

My work has been often been in part and put into book(s) against my wishes, so I am thinking of writing one just so there is an authoritative guide.

I'd buy it! And your manual is an excellent basis. (Although I'd love a cricket chapter!) Perhaps you could get Mark Iverson in as guest author for cricket!

The second oldest poker manual: https://www.amazon.co.uk/Doyle-Brunsons ... WJF76R2H9J

took this approach, with several specialist chapters. The first was of course this:

https://www.amazon.co.uk/Doyle-Brunsons ... 1580420818

Seriously, though, I've just been trying to explain to family what I'm trying to do. I showed him the ladder, but that is a bunch of numbers if you don't know what you're doing. If I could have said - read this, by this hugely successful trader - it might make it a bit more real for civilians!

And it could lead to a trading boom! (The poker books are sometimes credited with beginning to open up poker).

[wearthefoxhat]

I tend to only read books by people who have actually achieved something and can give insight into it. Too many books are written to be sold. There are good books out there, just very few and far between.

My work has been often been in part and put into book(s) against my wishes, so I am thinking of writing one just so there is an authoritative guide.

I'd buy it! And your manual is an excellent basis. (Although I'd love a cricket chapter!) Perhaps you could get Mark Iverson in as guest author for cricket!

The second oldest poker manual: https://www.amazon.co.uk/Doyle-Brunsons ... WJF76R2H9J

took this approach, with several specialist chapters. The first was of course this:

https://www.amazon.co.uk/Doyle-Brunsons ... 1580420818

Seriously, though, I've just been trying to explain to family what I'm trying to do. I showed him the ladder, but that is a bunch of numbers if you don't know what you're doing. If I could have said - read this, by this hugely successful trader - it might make it a bit more real for civilians!

And it could lead to a trading boom! (The poker books are sometimes credited with beginning to open up poker).

I think Doyle Brunson soon regretted writing the 1st book as a lot of players suddenly realised what the pro's had been doing over the years. It certainly peaked interest in poker for sure and many aspects of his approach are valid today. Some modern day poker books just repackage what he said, but jazzed it up with more maths and new terminology.

If/When Peter writes his book, (depending what he puts in there), I agree, will have a positive impact on trading. As with poker, mastering psychology and knowing yourself in certain situations is where the main edge lies. You could be the best trader with a long string of good results, then, one trade goes wrong and then....boooom goes another bank along with all the confidence built up with all the good trades.

[ShaunWhite]

Texas Dolly's Supersystems is almost irrelevant in today's poker world. It very much relied on the fact that back then all poker was B&M and nobody would take marginal risks if they'd traveled to a game, paid for a hotel for 3 days and then saw about 15 hands an hour.

Online changed everything and most of the great players either had to change or disappeared into the cash game scene.

Poker isn't what it was unfortunately, it's all kids playing 32 simultaneous tables with tracking software and bankrolls they haven't learnt to appreciate or value. It's a numbers game rather than a mental game and has become incredibly boring.

[brimson25]

Texas Dolly's Supersystems is almost irrelevant in today's poker world. It very much relied on the fact that back then all poker was B&M and nobody would take marginal risks if they'd traveled to a game, paid for a hotel for 3 days and then saw about 15 hands an hour.

Online changed everything and most of the great players either had to change or disappeared into the cash game scene.

Poker isn't what it was unfortunately, it's all kids playing 32 simultaneous tables with tracking software and bankrolls they haven't learnt to appreciate or value. It's a numbers game rather than a mental game and has become incredibly boring.

That's why I'm trading now...

[ShaunWhite]

Texas Dolly's Supersystems is almost irrelevant in today's poker world.

That's why I'm trading now...

They were good times brimson, interesting personalities rather than just identikit smug little geeks in hoodies sat fiddling on their smartphones.

I didn't start playing until the late 80s so didn't see the best of Doyle but probably saw the best of Helmuth, Negrano, Ivey etc a bit later. Nothing more fun than seeing Phil Helmuth on tilt.

[brimson25]

I agree. I made online work until last year, but I couldn't do it anymore.

I started to hate it, my results were falling off a cliff, and what's the point in that? Paying to do something you don't like - no thanks!

Anyway, I'm enjoying trading now.

It's good to feel as if you're getting better at something, and enjoying it, rather than hating it, and losing your edge.

[ShaunWhite]

I agree. I made online work until last year, but I couldn't do it anymore.

I started to hate it

Be prepared to hate trading even more sometimes