I read this before... In my last review, I mentioned that repetition in reading this book is an absolute no-no. Well, life changes...now, I am with one excellent guy (sort of proprietary trader) who keeps on mentioning this book. As such, I decided to revisit this book.
As a result... surprisingly, I ended up love this book. I am not sure whether it was pure influences by my buddy. But, I found a lot of gem this round. Those days, a good trade never appeared in my mind as I prefer to quantify everything with statistical figures (that is where I started and where I am now...). Now, I realized that when the frequency of trading increased, the importance of a good trade follows with another good trade is so much crucial. One thing I have to admit... the born of algorithm tends to change a lot of things. As long as our main concepts are still there, I do not find any reason to reject extra elements...
The only flaw perhaps lies with the fact that this is definitely not a book for beginner. An intermediate trader at least will find this book much easier to digest. In fact, an advance trader would pick up at least one or more great stuff in this book. I personally pick up few good points to add on to my current strategy. But, to fully apply the so called "good trade", I need to adjust my whole belief... Unfortunately, I am not preparing to shift gear yet, LOL...
For a full rating of 10, I am going to changed my mind this round and rate it at 7. After finished this round, I do find myself picking up a lot of stuff that could further enhance my career. However, I am still very doubt on predictive elements presented all over this book. After all, I still with my strong belief that human beings just cannot predict. Hence, I decided to deduct 3 point from the full rating of 10. As a conclusion... thank god that I did not gave away this book. This book will definitely become my reread book in the future.
As a result... surprisingly, I ended up love this book. I am not sure whether it was pure influences by my buddy. But, I found a lot of gem this round. Those days, a good trade never appeared in my mind as I prefer to quantify everything with statistical figures (that is where I started and where I am now...). Now, I realized that when the frequency of trading increased, the importance of a good trade follows with another good trade is so much crucial. One thing I have to admit... the born of algorithm tends to change a lot of things. As long as our main concepts are still there, I do not find any reason to reject extra elements...
The only flaw perhaps lies with the fact that this is definitely not a book for beginner. An intermediate trader at least will find this book much easier to digest. In fact, an advance trader would pick up at least one or more great stuff in this book. I personally pick up few good points to add on to my current strategy. But, to fully apply the so called "good trade", I need to adjust my whole belief... Unfortunately, I am not preparing to shift gear yet, LOL...
For a full rating of 10, I am going to changed my mind this round and rate it at 7. After finished this round, I do find myself picking up a lot of stuff that could further enhance my career. However, I am still very doubt on predictive elements presented all over this book. After all, I still with my strong belief that human beings just cannot predict. Hence, I decided to deduct 3 point from the full rating of 10. As a conclusion... thank god that I did not gave away this book. This book will definitely become my reread book in the future.
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