Re: becoming a market wizard
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[censored] reading, make contacts and find mentors. the [censored] you learn in books is the conventinoal [censored] that everybody already knows. just reading a bunch of books and then paper trading is a surefire path to mediocrity, not market wizardry.
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I agree with you for the most part. Reading all the trading books in the world is no guarantee you will make any money let alone become a market wizard. You can almost guarantee that the mojority of traders who buy trading books are long term losers. After all, around 10% of traders are actually long term winners.
Ive read dozens of trading books over the years and If i had my time over again, the only books I would ever buy are;
1. Trade your way to financial freedom
2. Profiting in Bull and Bear Markets
3. Reminiscences of a stock operator.
4. Technical Analysis of the finacial markets.
and then in time develop your own method/ strategy that you are 100% comfortable with.
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