Ok. I rather just appreciate the book without being over-analytical. All the key lessons are layed out in plain view for the reader. The reasons behind his multiple bankruptcies are clearly stated. Far from him merely being an 'action junky'.

Most valuauable books for understanding the logic of markets?

You are trying to explain away Livermore's success with your own speculation rather than accepting the highly plausible account and reasons recorded in Reminiscences. Say, have you considered a career as a fundamental analyst?

Most valuauable books for understanding the logic of markets?

While im not anywhere near the esteemed Mingary, heres my opinion: As far as systematic futures trading is concerned there isn't much difference between the currency markets and every other freely traded speculative market. You would find a manager ...

I plan to quit forex!

1. Professional fund manager who is largely unknown. 2. Guru. Pick one.

I plan to quit forex!

What do you think businesses and commercial hedgers look at when they are hedging their price risk? =\

Trading Logic and Market Constants

An ironic analogy because, to be fair, Mingary is doing the opposite of those who enable OP's self-destructive behaviour with positive 'light at the end' type comments. The judgments that have led OP to produce his current condition cannot be helped ...

I plan to quit forex!

Yup. Additionally, if one trades in the manner that is commonly proposed (intraday and high turnover) then, you may even get worse than random results if you end up taking positions against large macroeconomic trends.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Indeed, pay heed to the great wisdom of... Mingary.

Most valuauable books for understanding the logic of markets?

Guys! Guys! I have made a terrible mistake. I have to retract my book recommendations as I have just realized that the aforementioned title is severely outdated and says nothing about Forex or making hundreds of pips. Nevermind that its the most ...

Most valuauable books for understanding the logic of markets?

1. Reminiscences of a Stock Operator by Edwin Lefèvre 2. Reminiscences of a Stock Operator by Edwin Lefèvre 3. Reminiscences of a Stock Operator by Edwin Lefèvre Accept no substitutes.

Most valuauable books for understanding the logic of markets?

You would find that profitable trading is characterized by the ability to follow a plan. Something you seem to have trouble doing considering your cognitive dissonance. You may wish to observe your feelings about <needing to recover your losses> as ...

I plan to quit forex!

No need to feel bad, even professional funds that manage billions and billions of dollars don't produce consistent returns either.

One Way to Develop a Winning System

Depending on your research goal, any test period can be adequate. If you want to observe how a strategy fares across varied market conditions then the longer the better. If you wish to jump straight into trading with reckless abandon then a small ...

Backtesting discussion

There is no statistically signicant number of trades. Certainly, all things equal, a higher number of trades in a test is preferable. However, when considered irrespective of the length of the test period, more trades do not lend more significance ...

Backtesting discussion

His normal look is piercing enough. Yup. Once you understand the basic concept it is very easy to see the pitfalls that others subject themselves to. The uninitiated will also easily misconstrue your meaning. For example, that guy who responded to ...

Backtesting discussion

Seconded. The hostile sentiment towards backtesting has always puzzled me on this forum when you really have nothing to lose by performing an extensive historical simulation. The common excuse is that future market conditions are always changing and ...

Backtesting discussion

Thank you.

Technicals Vs. Fundamentals?

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Technicals Vs. Fundamentals?

Hello Ffl, Regarding the process of backtesting, you can't go wrong with what Copernicus has said. All systems work all the time in producing an intended result. Consider a basic trend following system; it works well in granting profitable market ...

Backtesting discussion

Glad I provided something of value. But seriously, personal opinions aside, this 'debate' is rather pointless. I know for a fact that there are many macro traders who base their decisions heavily on fundamentals (a few less after the SNB event). I ...

Technicals Vs. Fundamentals?