The New Trading for a Living: Psychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management (Wiley Trading)

I haven’t started reading it but i can bet it would be life changing with all the chapters.Also the feel of this book is really premium with hard cover and clean pages.I loved it

Really loved this book - it covers a really wide field, from an in-depth review of price analysis to psychology, risk management, and daily routine. It passes my favorite test, namely that a lot of ideas in it seem great but obvious in retrospect, yet were not at all how I did things before I read it. It spells out in great detail a rigorous, systematic approach to trading, that is independent of the specific kinds of trades you do; and also gives one plenty of ideas as to what kind of trading one might do, without trying for a one-size-fits-all solution.Make no mistake, there is no recipe to riches in there, and the book makes it clear that a lot of work is needed to succeed in the way described therein, but it does describe in detail how best to focus one's efforts, and gives a lot of building blocks to get one started.Just to illustrate how rich this book is: I always summarize books I want to really absorb into a mindmap; and while for most books that fits onto an A3 sheet (if that), my summary of this book is two A2 sheets, in quite small print. It has already made me see trading in a whole new light, and I'm still digesting - and having lots of fun while at it ;)

Like many people over the last few years I've been dabbling in stocks. What I've never taken the time to do is build a systematic approach to doing so and treating my trading as a business. While I have made money, I've bought some terrible stocks and others right at the top of a peak.What this book provides is an insight into the mechanics of trading, the psychology of trading and a process to systematise your approach. It's even a fairly lively read for what could be a dry subject.

It is a good book, and has a lot of information in it, but can't give it 5 stars because I know how hard trading is and my journey to profitability consists of nothing I learnt in this book.I won't say don't read it, just don't expect to be trading for a living from it. It's one of many books along the journey.

It' my first book, but I think it's probably one of the best. It' s a trading Bible. I followed the routine, and my trades , the small ones for the beggining, went very fine, without a fuss. I had a plan, I followed the plan and that was that. Great book !

Bought the first version many years ago. This have been brought up to date with many new insights and methodology. Probably the best single book on trading you will find, the updated version although expensive is excellent vfm. His other books are excellent to, like in particular sell and sell short.

There is quite a bit to read and some areas are a bit technical, but overall the book is helpful and worth reading if you interested in learning the different areas you should acquire to be a successful trader.

The definitive guide to trading as a business. A complete introduction to trading with particular focus on risk and money management, which is often skated over in other texts. Recommended.