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Strategies & Market Trends : The Best Day Trader Training -- Ignore unavailable to you. Want to Upgrade?

To: Cash who wrote (190)	4/6/1999 4:51:00 AM
From: JB2	Read Replies (1) \| Respond to of 230

Looked up "Zen in the Markets" at Amazon---somebody there surely liked the book. I would like to read it, but so much to read, so little time! Makes sense though, emotion is an obvious handicap. Re: screening, for that matter, there is a brainwave scanner tool that can gauge i.q. in a matter of minutes. The guys that developed it figured they'd be able to sell it to human resource departments and schools worldwide. But, psychologically, the concept turns most people off. They don't want to think they have inherent capacities predetermined by nature. So the 4 hour Q&A tests still dominate the field. Recent twin studies, of identical twins raised separately, also bear out the idea of inherited personality traits and strong forces that seem almost like predestiny. In a market economy we have a tendency to try and shape ourselves into what the market is heaping the most rewards upon, hence the current fad fascination w/ market timing. You say you have seen many traders come and go. Have you worked for an exchange or a bank, or at an onsite trading/training firm? Care to elaborate on the similarities you have seen?

To: Cash who wrote (190)	4/7/1999 11:26:00 PM
From: John Fairbanks	Read Replies (1) \| Respond to of 230

One of the best books I have ever read is "Trading for a Living" by Alexander Elder. As a psychologist and a trader he spends a lot of time talking about the psychological as well as the practical aspects of trading. My profits in my momentum and position trading have really improved. Oh, and by the way, the NASD has a great training game on their website! It is called "Head Trader" and in the game you are a market maker competing against 5 other computerized market makers. Not only has it helped me to learn the basics or reading a level II screen but it has also given me a lot of insight as to how market makers really work... and best of all, it's free, and it runs 24 hours a day... nasd.com