What Super Traders Don’t Want You to Know – Review

[analyst75 12]

What Super Traders Don’t Want you to Know - Now Available Free?

 

CANDID BOOKREVIEW

 

Succeeding as a Trader after Learning the Necessary Facts and Skills

This book profiles 22 renowned super traders from around the world. Great traders who know what it takes to be successful in the markets. In this follow up to his previous book: “Learn From the Generals of the Markets,” the author gives an overview of their careers and explains what lessons can be drawn from their success.

 

The book emphasizes on the kind of friends you keep will have impact on your life, and of course, on your trading career. When you hang out with those who hate trading, those who have been floored by the markets and have sworn not to have anything to do with the markets

again, those who are afraid of the challenges the markets offer, those whose job is to discourage you from attaining your goals in life, you cannot become successful in the markets.

 

Trading is a wonderful experience that can transform lives. We need to surround ourselves with successful traders or at least, read about them, plus the principles that can be learned from them. The super traders featured in this book will inspire you and reveal the principles behind

their success. For you to eventually reach a position of a super trader (one who makes profits consistently and effortlessly), you definitely need more than strategies. There are certain timeless truths, principles, mindsets and beliefs that super traders cannot do without. Since using

the best strategy without the essential requirements would not improve any statistics; the catholicity of those seamless requirements cannot be overemphasized.

 

Super Traders with Enviable Achievements

Kenneth Fisher – a billionaire trader who is featured in the book – is an exceptional trader who was introduced to the trading world by a market legend, Philip Fisher, who was his dad. This shows that when we teach young people the art of trading, we prepare them for financial freedom

as early as possible. James Chanos, another highly profitable trader featured in the book, testifies to this fact by saying: “Life intrudes – as when you get older you end up with more responsibilities and your ability to take risk diminishes. If you are 25 and have a great idea and you fail, no one is going to hold it against you, and future you will be able to take more financial and career risk. If it does not work, you still have your whole life ahead of you.” You will also come across some celebrity traders like Dan Loeb (the Kanye West of Wall Street) and Ray

Dalio (the Steve Jobs of investing).

 

More interestingly, the book features some female super traders like a high earning hedge fund manager, Leda Braga; an influential female trader, Maria Boyazny; a world trading champion, Victoria Grimsley; and a happy market player, Toni Turner. The author advises that women should never underestimate their right to become a trader, including their limitless potential to become financially free. It is very sad that some people still underestimate women when it comes to online trading. It is unfair to underestimate women in the trading world because there is no level of achievement that cannot be attained by them. In fact, female traders have been a blessing to the trading world. In addition, they are a source of inspiration and encouragement to us.

 

The Inevitable Trading Experiences

According to the author, the gallivanting neophyte will pass through two phases of experiences. The first phase is when she/he loses money no matter what she/he does. This is a phase where the majority quit trading, and not many people go beyond that phase. The second phase is when one begins to make money easily. These are the people that the public call “market wizards,” “super traders,” “pros,” “expert speculators,” “gurus,” “witches,” “mad geniuses,” et cetera. The public think something is special about them, but these people know that there is nothing special about them. What makes the difference is that they decided to continue fighting for success at the stage that most others quit. This book will definitely be of interest to those who are determined to become super traders.

 

Adapted from TRADERS’ Book Review, June/July 2015 (pages 60 - 61)

 

“What Super Traders Don’t Want You to Know” is available right now for the Kindle at the flash sale price of just 99p. This essential guide could start you on the path to becoming a super trader.

 

 

 

NB: To get the almost free book, please visit:

 

What Super Traders Don’t Want You To Know: Advfnbooks.com/books/supertraders/index.html

 

 

 

Tallinex.com wants you to make money from the markets

[zdo 20]

Are you sure there are 'secrets' ( things "Super Traders Don’t Want You to Know ") in this book?

[MightyMouse 12]

Are you sure there are 'secrets' ( things "Super Traders Don’t Want You to Know ") in this book?

 

I suspect that they don't want you to know how to get it for almost free.

[zdo 20]

analyst75,

 

Are you sure studying all of these successful traders - hoping to glean something from each of these models - is a great idea?

 

I thought this post / book referral was about getting to the ‘super trader’ level.

If you’re already there, reading about all of them might help you improve more ... but to get there -

It's better, in my experiences observing and assisting other traders, to id one or two successful traders that have perceptual mapping and trading approach that is very similar to your own, optimize the ‘transmit’ from them... and ignore - no, eschew - all the rest.

 

zdo

 

"The main purpose of the stock market is to make fools of as many men as possible." Bernard Baruch

 

“Don’t fight forces. Use them.” Buckminster Fuller

 

"Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one." Charles Mackay

[jpennybags 11]

Well... it is nearly free... it won't help you. But hey... it may be of greater benefit than watching television....

 

Be real... get real... work it out on your own. Don't consider too much the ways of "super traders".

[zdo 20]

Peeps,

take jpennybag’s advice

“Be real... get real... work it out on your own. Don't consider too much the ways of "super traders".”

If you need to read about other ‘successful’ traders for inspiration - best to take that as a sign you are in trouble and your intentions in this business may be misguided... If you have to learn the really important, crucial parts of trading from someone else - it’s likely you will never really learn them well enough to implement consistently ...

 

Whether you make it as a trader or not depends on you and your purposes and virtues SO SO MUCH more than what you could ever learn from other traders. Then how you apply what you have learned on your own or ( if rare and lucky - see below) have been taught is much more important than what you have learned or have been taught. What you develop will be ultimately on your own - sometimes with some help from others if you’re lucky...

And, if you’re one of those rare, ‘lucky’ ones - also be reminded you may have significant and difficult unlearning to do from the shaping you got from your model(s) . Further, how you trade after you leave their tutelage may end up having no semblance to what they taught you...

yep, I hear it now from the voice of trading -"but man, that's all part of the process" -----

to which I scream WRONG PROCESS!

 

:helloooo:

 

The ‘voice of trading’ has been publishing biographies / profiles of clusters of au currant ‘trading wizards’ for almost 30 years now. Thousands and thousands of aspiring traders bought and studied these publications. How many “super traders” were created directly from all those studies? I think the answer is 1. If it’s more than 3 or 4 (out of all those thousands and thousands and thousands), I would be surprised.

 

However, with all that said - a tiny few are lucky enough to find the right ‘placement’ with a genuinely appropriate model. But, of that small sample, the few that excel knew what they were doing before arrival and deepened their understanding of areas they were already proficient at. Beginners are wasting their time with ‘models’. ... and inappropriate ‘models’ will likely screw you up badly - all the while having the best of intentions.

 

In trading, it’s far best to learn from others only after you know exactly what you need to learn. So

Instead of a trying to leverage the wisdom from a cornucopia of “super traders” , instead of studying the frkn encyclopedia, a small number of ‘student’s find the right model and narrow focus, work for, take guidance from , and learn from a single “super trader” with similar perceptual modes, etc. This way has, at least, produced more than 1 of these 'super traders'...

 

btw, analyst75, I’m not questioning your objectives or trying to discourage you. ... just suggesting you question your presuppositions about ‘models’ for traders.

 

have a great weekend all

 

zdo