Some very good pointers on what you must read when you are starting a business. Trading skill is just part of a larger set of skills one must master to be successful in the trading business. And don’t complain about Tim Ferriss’ hat … he is supposedly wearing that for a reason.
Jon Kabat-Zinn: How to Feel Comfortable in Your Own Skin
A good summary on the reasons for which we should learn mindfulness practice. Being able to put yourself just a tiny step away from your emotions, you can do much better mentally. For traders, it is one of the best tools to improve our trading performance. As you transform into a more mindful person, you put your reactionary emotions caused by sensory stimulations coming from trading in check. This helps you to focus more on the process of executing your trading plan itself, not the outcome of individual trades.
Al Brooks: Trade Profitably with No Indicators
Al Brooks explains his binary approach to day trading the Emini S&P. Al’s approach to trading the Emini S&P is very different from my style and it works well for him. For beginner traders, it shows that to trade effectively you have to find your own way.
I have asked Al about his recommendation of trading books for beginner traders. His comments and other famous traders’ recommendations are something good to learn about.
