I have always had an idea that psychology stuff is for dizzy eyed professors who look at you through their thick glasses. While traders are a awefully smart breed who drive a Porsche (ok in India I will settle for Honda Civic) and can buy 20k shares faster than you blink.
Few authors do reciprocate my way of thinking
Streenbarger said it, he is quite a known author. But I dunno why after saying that he himself ventured into writing more about psychology stuff that anyone else Ok, I understand he is a blogger, needs the crowd to visit regularly his website
Wait... m not gonna bash psychology stuff in the Trading Psychology forum. So sharing here the only material on psychology which I really found worthy of reading. The strategy mentioned in Scalper's Forum is much derived from the book (sure it needs additions for pro scalpers )
Here too I did not benefit from the whole thing but mostly from the following chapters:
4. Preparation for Trading
5. Rule One
6. Part Two
7. Trading with Rules One and Two
13. Behavior Modification
The Third Rule
The book is freely available on many websites on the internet because there are no copyright issues. Ok a link for someone who is lazy to google: http://www.mypivots.com/articles/booktext.aspx?bookname=Phantom of the Pits
Looking forward to discuss with people who follow Phantom Of The Pits.
PS: I also like Livermore's say on the subject found in tidbits his two books.
Few authors do reciprocate my way of thinking
Streenbarger said it, he is quite a known author. But I dunno why after saying that he himself ventured into writing more about psychology stuff that anyone else
Ok, I understand he is a blogger, needs the crowd to visit regularly his website Wait... m not gonna bash psychology stuff in the Trading Psychology forum. So sharing here the only material on psychology which I really found worthy of reading. The strategy mentioned in Scalper's Forum is much derived from the book (sure it needs additions for pro scalpers
)Here too I did not benefit from the whole thing but mostly from the following chapters:
4. Preparation for Trading
5. Rule One
6. Part Two
7. Trading with Rules One and Two
13. Behavior Modification
The Third Rule
The book is freely available on many websites on the internet because there are no copyright issues. Ok a link for someone who is lazy to google: http://www.mypivots.com/articles/booktext.aspx?bookname=Phantom of the Pits
Looking forward to discuss with people who follow Phantom Of The Pits.
PS: I also like Livermore's say on the subject found in tidbits his two books.