About trading books...
It seems to me that the value is in the library, not in the particular volume. I think of composers, all of whom have listened (and continue) to listen to everything that someone deems important. You pick up a little here, a little there. Composers have major influences, to be sure, but if they rely on just one influence their own music is never quite as good as what they're trying to copy. Sound familiar?
The sum of what you read in the trading books is what counts, IMO. Even after you're successful, you can pick up an idea from time to time. It may be useful for some people to let their minds sort out the competing ideas subconsciously.
The basic rules, such as those on Seykota's list, obviously need to be learned and adhered to. Anyone who does that stands a very good chance of being profitable (like me). But to be in the top echelon (where I want to go) I suspect is a mysterious process that needs to get worked out in the trader's subconscious mind. Read, study, pay attention, go about your trading... and if you have the proper "wiring" so to speak, the rest will take care of itself in the same way that a great piece of music is eventually worked out. |
