Why books that improve your performance in 2023 Trading? And what kind of books
books to avoid? books on technical analysis, books on individual strategies Overperforming books on The secret of the holy grail, they are not good because they simply do not give you anything extra! A book can never give you a super long-lived invincible all-encompassing definitive strategy.
So what’s the point of reading?
They allow us to acquire a lot of useful information that is like bricks, each book can give you a certain number of bricks, the same book can give me two bricks of information and you 15
The important thing is to acquire them!
Long-Term Secrets to Short-Term Trading by Larry Williams
A very interesting book that I read several years ago, Larry Williams is one of the most famous Trader in the world won the world trading championship.
In this book there are also some strategies that won’t change your life but above all there are concepts, thoughts, I’ll give an example: the concept that the more you stay in the market the more you can earn and at the same time the more you can risk, the less you stay in the market or less earnings, I repeat it will not change your life but it is certainly an interesting book!
Fooled by Randomness by Nassim Nicholas Taleb
I think it’s the best Taleb book ever more than Black Swan, actually all Taleb books are fine, follow him on Twitter which is definitely interesting.
This book explains with practical examples such as numbers, statistics, things that happen, facts that can be at the same time a fundamental tool to increase performance on the financial markets and also an incredible plague that can lead you astray and make you lose a lot of money!
How to Lie with Statistics by Darrell Huff
In general it is one of the most powerful books I have ever read, it explains how to lie with statistics as statistics are numbers and numbers are a huge thing for us. Automatic traders we have like Profit Factor, Average Trade, number of trades, profit, stop loss , percentages Winning trades Equity line, fantastic data but they are powerful and dangerous tools, so using the numbers correctly is essential!
Thinking, Fast and Slow by Daniel Kahneman
It is objectively one of the most impactful books of my life, it completely changes your way of perceiving the world Trading, money, media, people, democracies, states, small and large groups, optical illusions, everything ! Objectively everything! But what does it have to do with systematic trading? You read it and you understand, you read it again and it completely changes your life, you read it the third time and you say how is this possible?
The Psychology of Money by Housel Morgan
Psycholology of Money: Timeless Lessons on Wealth, Greed and Happiness by Morgan Housel is a timeless work about how our feelings, emotions and interactions with money often results in different outcomes for different people — because people are different. So, insights into how to think and behave about money is instructive.
You may think you don’t have enough money to make a difference for your future. I think this book will show you, how even with those thoughts, that you can.Others may believe they have more than enough. Those too are risky thoughts and beliefs.Because people are different, everyone should read this book to see what you uniquely learn about yourself and how you should think about money.
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