mrgreen

Just started ( add a few more chars so post limit of chars is entered)

I have the same - "Waiting for Organizer"

18. Hence the saying: If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle. "Trading and Exchange: Market Microstructure for Practioners (2002)" by Larry Harris. will help w/ the "know your enemy" part. I'm attaching: SUN TZU ON THE ART OF WAR THE OLDEST MILITARY TREATISE IN THE WORLD Translated from the Chinese By LIONEL GILES, M.A. (1910) Cause it will help you start the "know yourself" journey of discovery. Good Trading to you.... SUN TZU ON THE ART OF WAR.doc

Thanks Soultrader - I appreciate it. It was an important post you know

Hi All I just posted an item and got a popup to the effect that a mod had to approve before it would appear. What the hell is that? I wonder if this will need approval too :rofl:

I agree with all you posted but this. A new trader doesn't have the synaptic highways to understand what Mark Douglas or for that matter any book detailing a subject they have never experienced. IN this instance the emotional ups and downs of trading. After one has traded for a year or two they can get much more out of this book. If someone read this when they started to trade they should reread it again now that they have experienced what it is talking about. Actually it's worth putting on your cal to read once a year.

Most retail brokers do take the other side of the trade. It's very profitable for them as most newbies are gonna lose anyway. Hard fact but true.