Lendle

I know what you're thinking, another trading book. Yes, there are lots of trading books out there. I have read plenty myself, but what I have found with most of them is either they are too technical or just filled with fluff. I have yet to read a book that gives you a simple step-by-step guide to becoming a successful trader. Other words, a book that gives you meat and potatoes without all the hype, fluff, and confusing techno jargon. What makes this book unique compared to others out there is that this book is derived from journal notes I made on a daily basis detailing everything I learned becoming a trader. I detail my mistakes, successes, and trading strategies that worked/didn’t work.

Traders come to the marketplace with a preconceived idea about how and why the markets move. While some of these ideas are valid, most are based on assumptions. Many of these assumptions are found within areas of bulletin boards and trading threads. Most of these assumptions may seem quite logical, but in reality are often times false. This will more than often lead traders to absolute failure. The sad thing is the trader won’t even realize why he was unable to make the trading plan work effectively. Early failure often leads the trader to feelings of disgust with himself and the future prospects of trading for living. Many traders after experiencing these negative emotions, will often lie or put the blame elsewhere (i.e., the market, God, their dog, ECT…). All this in a manner the trader is not able to comprehend what actually happened to get them to this point. They will overlook important details in their trading plan that could have led them to a more positive result. Lack of accountability moves traders away from profitability over the long term and does not give the trader a solid foundation to build his/her or her skills. All this stems from initial misinformation that was presented to a trader and accepted blindly. There is a certainty that traders create for themselves from such misinformation that is accepted blindly. However, the more a trader becomes disconnected and more objective about his/her trading, rather than just another emotional follower of the herd, the closer he/she becomes to being a successful trader. This is the certainty that I discovered in my months learning to become a trader.