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To: billcasto who wrote (1747)1/28/2005 10:27:53 PM
From: ~digs  Respond to of 3386
 
suggest this book ; amazon.com



To: billcasto who wrote (1747)1/29/2005 7:52:48 AM
From: Michael Hart  Read Replies (3) | Respond to of 3386
 
Hi Bill, I saw protege gave you a link to a book. I'd xcertainly recommend that kind of thing. I haven't read his book recommendation but I did read the sample pages that Amazon shows and liked what I saw.

I started while working, as you are doing, it's nice to have a paycheck while learning. I also had a local(someone I could physically visit) full service broker for about 4 years when I started. He was willing to tell me (teach) what he was doing with my money and take my "calls" from the industry I was in to make trades. We went from him making 100% of the trades to me making 90% when I decided to leave the full service fee levels and get my own account.

Certainly experience has been a huge teacher and the bazzillion hours of reading threads on SI and others have added.

I can't write enough to tell you how. You have to find your own way and methods. Read protege's book.....I have a link below for one I like.....especially the chart reading chapter.

It sounds like you're not a total beginner as you are using options somewhat. If I had one suggestion it would be to focus on "Risk Management". Some people say you can take emotion out of the trades......I disagree.......but I do think you can change your rewards emotions to feeling GOOD about both losses and gains. The key is to keep the losses small. And my take is that is in the area of risk management. In the beggining only gains made me feel good, now a stop loss feels like a success (of course not as much as a gain).

Risk versus reward. Find those chapters in books...........and learn to manage it.

Anyway, here's a link to a book I like. Recommend you buy it from the used links id you choose to get it. Again, I especially like the basic chart reading, setups, entry and exits.....stops etc. section. the rest is just kinda hokey......Phsychology etc. Also, just ignore the pumping of their web site...Pristine......

amazon.com

Be well,

Mike