Thread: Traders
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Old 11-18-2006, 06:21 PM   #14 (permalink)
Richard_Todd
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Join Date: Nov 2006
Location: Dallas, TX USA
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Quote:
Originally Posted by Dave Kaminski View Post
I've been investing time and money in options books so I can get my feet a little wet first. I'll be jumping in in January hopefully!
Great! I don't know what you're reading, but one thing I've noticed about options books is that they tend to focus on the mechanics of options, and all the ways you can combine them to create different types of trades. That's important, but they don't touch on things like trading psychology or how to develop a trading system and style that works for you. I can't overstress how important those things are, regardless of the instruments you are trading.

Book-wise, in those areas, I might suggest Trading Your Way to Financial Freedom, and Trading in the Zone. Brett Steenbarger has a good website on trading psychology, as well.

(Sorry, I'm out of town at a relative's house and in a hurry, or I'd have looked up the links for you)
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