Ask mrbaseball about trading for a living - Page 4

mrbaseball · #31 09-08-2007, 09:43 AM

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Asian economic collapse and bond defaults of the late 90s.

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Interestingly and luckily I dodged that bullet. I had been trading Eurodollars versus 5 Year notes just before that happened. But a new opportunity had arisen (the forementioned basket of commodities spreads) so I switched from the euro/5yr spread to the basket trade just before that calamity. I'm quite sure I would have been mowed over as some guys I knew doing the same thing did get roughed up real bad.

Fishhead24 · #32 09-08-2007, 09:44 AM

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mrbaseball · #33 09-08-2007, 09:48 AM

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My question to you is what is the sentiment surrounding the sugar market, beings that it will eventually overtake corn as the main commodity(imo) for ethanol usage.

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No idea? I used to trade sugar spreads and some sugar options in the late 90's but haven't followed it at all since then. That market can rock the casbah though. I haven't really kept up on much news about ethanol.

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do you hear many individuals in your line of work involving farmland in their investment portfolios........guessing you have a very good sense with this being so involved in the grain markets.

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Not really? Although I do know a couple of very large and successful grain traders who actually own farms. As for myself even though I have traded grains in the past I've always been more of a financial markets guy.

gino195 · #34 09-08-2007, 11:52 AM

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Books are very helpful. I read a lot of trading books and have a rather extensive trading library. Some are great and some are useless. I generally find most value in the psychology types of books rather than the nuts and bolts types.

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Can you please advise regarding the best books either psychology or general trading?

is any of the following amongst your reading - Lars Tvede, Oberlechner, Steenbarger, Douglas, Kiev?

thanks for the great thread!

mrbaseball · #35 09-08-2007, 12:11 PM

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Can you please advise regarding the best books either psychology or general trading?

is any of the following amongst your reading - Lars Tvede, Oberlechner, Steenbarger, Douglas, Kiev?

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Douglas is the only guy among those I have read and I consider him the best for psychology stuff. One I just finished (The Way of the Turtle by Curtis Faith) is very good too in a general trading and pyschology kind of way.

gino195 · #36 09-08-2007, 02:03 PM

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Douglas is the only guy among those I have read and I consider him the best for psychology stuff. One I just finished (The Way of the Turtle by Curtis Faith) is very good too in a general trading and pyschology kind of way.

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Can you please share your list of the most important/"must read" books for a trader to read? Thanks!

calmB4storm · #37 09-08-2007, 03:06 PM

OT: Have you been handicapping any baseball this year?
We've missed you over in the Sports Betting forum.

mrbaseball · #38 09-08-2007, 03:38 PM

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Can you please share your list of the most important/"must read" books for a trader to read? Thanks!

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For psychology I like Trading in the Zone by Douglas. His first book is good too but I liked Zone better.

For technical trading ideas I like High Probability Trading by Marcell Link. If you have a rudimentary knowledge of technical analysis this book shows a lot of good ways and methods to use various indicators.

For a little bit of both I like Mastering the Trade by John Carter even though parts of it piss me off since he intentionally leaves out parts of some of the systems he talks about and tries to sell them on his websight. For his insights into trading mentality and a great treatise on pivot points it's worth a read

If you use Bollinger Bands (or even if you don't) Bollinger on Bollinger Bands by John Bollinger is very good and is good at tieing different strategies together. The bands are a wonderful tool with lots of uses and he describes them well.

If I had to throw away all of my trading books and only keep 4 these are the ones I would keep. There are a zillion trading books on the market and a lot of them are pure crap or just rehashes of other works. But these are the ones I think that have helped me the most.

mrbaseball · #39 09-08-2007, 03:43 PM

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OT: Have you been handicapping any baseball this year?
We've missed you over in the Sports Betting forum.

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Yes I have but not as much. Mainly on weekends. The way I do it is fairly time consuming and it can be a grind after a while and I like my hobbies to be fun. The Sports betting forum just got a little too big and smacktalky for me. I liked it much better when it was smaller and friendlier. I haven't read it in a while so maybe it isn't as immature as when I left? If I have time maybe I'll write up a game or two before the season ends.

Thremp · #40 09-08-2007, 04:00 PM

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OT: Have you been handicapping any baseball this year?
We've missed you over in the Sports Betting forum.

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Yes I have but not as much. Mainly on weekends. The way I do it is fairly time consuming and it can be a grind after a while and I like my hobbies to be fun. The Sports betting forum just got a little too big and smacktalky for me. I liked it much better when it was smaller and friendlier. I haven't read it in a while so maybe it isn't as immature as when I left? If I have time maybe I'll write up a game or two before the season ends.

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Meh. I still post, so no guarantees. Though I have been interested in what you have been upto. Will likely lurk your threads here as well.