Best finance books
This is the first of two books that apparently don’t deal with trading tecniques and are well overlooked by the average trader. This would be a big and costly mistake. This book introduces the reader to some of the stumbling blocks that almost every trader is going to meet in their career and that cause more than 90% of them to consistently lose. These blocks come from our very interior, because trading is unlike any other activity we were prepared to take.
With no rules, no direction and complete freedom about what and when to do anything, trading is a very slippery road that reveals to be fatal to most. Since youth, we are teached about certain values, certain mindsets, certain “laws” and expectations. Nothing of this applies to trading, leaving traders wondering why they keep failing again and again in a never ending spiral of pain and stress. The book shows the reader how to analyze his own preconcepts, his own rooted customs and how to gradually replace them with a different mindset, a mindset able to deal with the losses but also with the wins.
A trader who does not accurately know the concepts exposed in this book is just doomed to fail. Therefore I strongly suggest reading both this book and the other similar themed successor. It will save months of pain and buckets of money.