I’ve read every trading book that exists over the past 8 years, here are my favourites:
Market Wizards by Jack D Schwager is the greatest trading book of all time in my opinion.
I would also add Reminiscences of a Stock Operator
by Edwin Lefevre to this.
And.....The ES is making a full recovery.
'Pricing something in' is probably the biggest fallacy perpetrated by the uninformed.
If the banks/hedge funds are expecting political turmoil to impact the markets...do you think they want to exit their positions at a higher price or lower price?
Very simple explanation from an intra-day/ intra- weekly trader perceptive as to why:
bad news= good news.
good news = bad news.
BREAKING: The S&P 500 is now on track to open below 7,500 for the first time since July 31st as markets price-in a Democrat victory in both the House and Senate.
Nasdaq 100 futures are now down more than -2% tonight.
If you do anything this week in the prop firm industry, take time to give some credit to Topstep.
@MichaelPatak deserves praise for ending the affiliate relationship with all of these bullshit influencers that are manipulating traders into paying them.
Longest prop in the game and have managed to hold their integrity the entire time.
Atleast when you see traders on that topstep live leaderboard posting their trading results you know the traders are legit.
I’m back trading with topstep after trading my personal account for the past 6 months. Will always support those who’s have good morals and do it right.
@Topstep
@lanto_trades So you’re full porting accounts over and over. Those type of expenses can’t represent anything else. It makes 0 sense for any trader to consider you a mentor or someone to learn from..
Becoming successful in trading is extremely painful.
The market will expose all of your weaknesses & insecurities.
It will force you to change as a person outside of the charts to make it.
It’s basically an endurance test of self sabotage.
It only changes when you get sick of your own bullshit.
How to handle losses (Larry Williams):
Don’t let them control you emotionally.
Don’t try to reclaim the lost money.
Move on and focus on making new profits.