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:: The Way
To Trade thread
the way
to trade by Paul Handforth and John Piper is an excellent guide
to teach you how to make serious profits trading the stock market
for more click
the way
to trade
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The Way to Trade
Anybody read a book called " The Way to Trade'' by John Piper ?
Any good ?
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Yes.
the fact that the author actually traded gives it more credence.
I have it and do re-read it. That counts as a recommendation.
al
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I'd be surprised if you can get a copy of The Way to Trade
as I thought it was sold out. Highly recommended. Try a guy called
Tony - tony@xxx.xxk He managed to get me an excellent condition
second hand copy.
R1
As far as I know the hard copy is out of print but there is a firm
promoting an ebook version. edit: thats it mate.
The Way to Trade ebook is US$ 59. Is it worth the money or
is it just another one of those run of the mill trading books ?
I think it is genuine, when I was looking for the book I was directed
to that site from amazon or some other book seller, I didnt fancy
printing off A4 sheets so I persevered and got the hard copy through
the guy above.
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wote a post regarding books to read for people looking to stand
the best chance of staying the distance when starting out trading
THE WAY TO TRADE- JOHN PIPER was the book i put forward to give
people a grounding in the psychology of trading and i consider should
be aquired reading. and in The Way to Trade book by piper he offers
a free 5 minute psychological profile of you by email. not sure
if thats still the case as ive had my copy couple of years now.
but both of the titles are telling you its your own PSYCHOLOGICAL
behaviour you have to master in order to stay long term at trading.
pipers The Way to Trade book does offer you a look at the methods
that he uses in the markets and there is a good chapter in which
he talks about positive and negative development relating to price
action in the markets... an excellent must have book, in my opinion.
stick The Way to Trade on your chrimbo list and stay in this new
year
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I've been spread betting for about five months and this is the first
time I've ever posted a message. Wish I'd read some of the posts
as I could've saved myself much money. Well I would like to save
some of you a little of your hard earned cash. I recently purchased
'The Way to Trade' Cheers
Rob
Hi rob, i think the title of pipers book The way to trade, may imply
hes offering trading methods that people should adopt, but its a
lot more than that, the actual methods people employ in the markets
are the least important, its your trading personality as piper phrases
it, ie developing your psychological mindset, then use that to greatest
advantage on whatever method you find fits in with your personality.
I dont believe that piper emplies The Way to Trade is the
holy grail for trading, if you look at his pyramid of developing
people into traders the method that one adopts for him/herself is
at number 8. 7 steps before you even consider technical trading
etc. its a book that is trying to help you understand that YOU are
the key to success is 80% more relevant than technical books, systems,
methods. etc. keep on reading it.
jd
and lastly if after 3-4 years you are still wondering how difficult
it is to make gains, then remember the psychology, it can take years
for it to sink in, but thats they way it is.....
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I have a copy of John Pipers book which I keep on the same shelf
as other publications. Now, John Piper was to my knowledge a very
sucessful trader in the market in the ninties with a personel benchmark
stated in his book that would "equate to 60% every year".
At that time in the late ninities John also sell limited trading
systems such as overnight trader - he would restrict these to a
limited number of traders in the order of 10 I seem to remember.
John is as sucessful in a bear market/going sideways situation since
I think spiky action probably does work better in a consistently
upwards moving market as was the case a few years ago. The book
"The Way To Trade" is [IMHO] an uncomplicated read with the
main strategies for practical trading based on "spikes" and reference
to use of a Trading Coach and his "Trading Pyramid".
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Also John's opinion of technical analysis complements Market Profile
with its particular language such as "price acceptance" "price rejection"
"failed break" "failed retest" etc. I like it, preferring it to
The other books mentioned....but a word of caution..............no
book on trading is the holy grail and the best way to learn this
business is to "get something" from every book you read. If you
can your hands on this book it will I'm sure be worth while.
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I guess if you are spreadbetting then 5-8% return on a 10% margin
wouldnt actually be too bad.
ade
Not sure what you mean about 10% margin. I calculate my monthly
gains dividng the monthly gain by the amount on deposit at the begining
of the month. This works out on average 49.6% via spread betting
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Just spotted this thread. I ordered The Way To Trade a couple
of months back and found it to be an excellent read....it arrived
immediately - dinky !! I've had 2 successive winning months since
I read it, compared to huge losses nearly every month beforehand.
xx
Shelly
Yes I did buy the e-book. And no, I don't like printing off hundreds
of pages either - I'd rather buy the hardcopy but it (apparently)
isn't available. I found it really useful. It's geared mostly to
options selling and using a subset of aspects from Market Profile
(Peter Steidlmayer). BTW - Piper points out that when you BUY options
you have only a 1-in-9 chance of making money with quite a reasonable
explanation of why that is. Cured me of every wanting to buy options
ever again (other than as a hedge).
I likes his writing style, but for me the real gem was an article
by Tony Plummer included in appendix - "The Troubled Trader". The
Way to Trade goes a lot deeper than many 'trading psychology'
pieces do and I found it went way further, for me anyway, than 'just'
trading. It helped me understand why I do most of the things I do
- good and bad - not just in trading.
I am a bit of a flake at times so I may well have over-stated the
importance of The Way to Trade's article, but it had a positive
impact on me anyway.
I'd be happy to provide it (a paraphrase of the article - NOT Piper's
The Way to Trade e-book!) for download here but I'm not sure
if merely crediting author and publisher would be sufficient. If
anyone can let me know...superb... paraphrased
by mookie
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