Tuesday, 31 January 2017

独自徘徊在天堂与地狱之间

忘了当初怎么会购买这本书(买了好久了)。。。但是,感觉上这本书应该很不错。至少,书名很贴切。操盘手基本上就是活在天堂与地狱之间。

结果。。。期望越高,失望还真的免不了。尽管作者拥有若干年的经验,但是书里头却没什么新意。从一开始作者把W.江恩和索罗斯,杰西里费默一并排列赞扬时,我就觉得不对。试问对于W.江恩有些许了解的读者们都知道W.江恩根本称不上什么大师级。而且,把索罗斯和杰西里费默一起排列,简直就是牛头不对马嘴!

最后,作者的两招短线秘笈还真的让我对此书彻底绝望了。第一招,作者觉得突如其来的趋势大扭转是很好的逆势操作机会。当然,我不完全否定它的可能性。毕竟,这一类的操作我也做过。但是,如果把它堪称绝招,我就不敢恭维。预测始终是预测。如果硬要把它说成绝招,恐怕又得徘徊在天堂与地狱之间了。第二招,作者把连续开低走高(开高走低)堪称是另一绝招。还是那一句,预测始终是预测。怎么把预测看成招术了呢?

这本书的本意应该是不错的。但是,个人觉得这本书太肤浅了。作者有意无意的把杰西里费默当成是这本书的精髓。如果是这样,我宁愿从读杰西里费默的【股票作手回忆录】。至少,杰西里费默每一章都呈现出交易的真正“绝招”(而不是如作者般,把肤浅当盖世武功秘笈)。10分满分,基于书的本意和书名还挺到位,个人给予2分。很遗憾,中国操盘手还是没法写出类似【股票作手回忆录】的这类经典书籍。

Tuesday, 24 January 2017

New Trader,Rich Trader 2: Good Trades, Bad Trades

Steve Burns... an author who wrote some splendid commentary in Darvas's classic "How I made 2,000,000 in the Stock Market". Those days (during the very earlier part of my career), I used to adored Darvas stuff a lot. These days, the concept was still in my mind... but, practically, I am no more the Darvas fans... However, Steve Burns commentary was in my mind. I believe some of his commentary in the above mentioned book did helped to shape my belief and trading concept today. So, here I am with his latest book...

At the end... I am in dilemma on how to comment on this book. Overall, this is a nice book and I found it enjoyable to read. The authors divided this book into three major parts:
Part 1: Managing the Mind to stay in the game (sounds cruel, but very true, LOL)
Part 2: A robust methodology (well, an essential part for traders)
Part 3: Managing Risk (what else if not managing risk?)
Three major parts sounds good in theory. Unfortunately, it is really a "theoretically" book.  Credit must be given to the authors by presenting the "theory" through a conversation between a "new" trader versus "rich" trader. Of course, we had the well-know "Rich Daddy Poor Daddy" series before this. But, I reckon by presenting such a way, readers would not feel bored in reading this book.

As I mentioned above, since this book is more on the "theory" side... it is actually more suitable for beginners or novice. For advance traders, this book at most served as a refresher course. Advance traders might not be able to find anything new in this book. So, for experienced traders, this book may not sound appealing to them at all.

For a full rating of 10, I personally rate this book at 2/10. I love the format on how the theories being presented (new trader vs rich trader). However, this book offered nothing to impress me with my 15 years of trading journey. As I mentioned above, no doubt that it is an enjoyable read. But, I just could not find the gem I am craving for... too bad... 

Monday, 16 January 2017

The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist

I love Brett N.Steenbarger stuff... All his books never disappointed me. As such I was surprised that I missed this book even though it was published long time ago. Well, better late than never...

At the end... yes, it is still as splendid as expected. The moment I started it, I just cannot put down... I think all traders need to constantly read this book. It helps traders to improve as well as serves as a constant reminder to all traders in all aspects of trading. In the cruel world of trading, sometimes good lessons are forgotten. So, this book arrived at the right time for me.

Further to this.. this book is organized in such a way that the chapters are independent of one another. So, readers can read it in order or using table of contents that most applied to their current trading. As mentioned by author, this is not a traditional book, where readers need to read it through from front to back. Rather, readers can take any lesson at a time and apply it accordingly. Amazing...

Finally, I am trying hard to excerpt some excellent quotes from the book. However, I failed to do so as there are too many good quotes to choose from. As a result, I decided not to put any excerpt as usual. But, I highly recommend this book to all traders. I am going to make it an annual event to read this book every year. Having said that, I have no hesitant to rate this book at 10/10! What an excellent write up... thumbs up!!!