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7828846 No.7828846 [Reply] [Original]

As a professional trader, pic related is by far the best trading related book I have ever read.

It won’t give you actual trading strategies or methods. Most books that claim to do so are frauds.

What it will do is help you think like a trader.

>> No.7828905

it's a good book to learn how to not blow the fuck up and lose everything, which should be the first thing you prioritize as a trader for sure

>> No.7828957

>>7828905
I fell victim to this these past few weeks. Went on a epic losing streak. Decided to stop trading until I can get my bearings which is hard.

>> No.7828958

thanks op, just bought 100k

>> No.7829008

>>7828958
thanks anon just fomo'd in for 150k

>> No.7829039

>>7828957
the main thing, and here's a nice summary of the book: don't use leverage or take high-risks for small gains. If anything, take super-high risks with insignificant amounts that could fucking sky-rocket

>> No.7829133

>>7828905
I think it tells you more than how not to blow up. It teaches you to think of things more rationally. A lot of people who blow up didn’t get unlucky, fate just caught up with them. They were bad traders and their trades were unprofitable in the long run.

>> No.7829350

>>7829133
yea, true, just lazy and tired right now. Also, Black Swan and Antifragile are must reads, especially for crypto especially. There have been so many examples of sky-is-the-limit moon missions, and black swans in crypto, so far.
We'll see more of them