Friday, November 22, 2024

Best Loser Wins by Tom Hougaard

A book about trading which doesn't really have a much information about trading. This is more about how to cope with the losses and trust in the process even when sometimes the results are not in your favor.

Trading is a game with loosing prominently irrespective of how long you've been doing it. You can learn the analysis and charts but this doesn't prepare you to face the losses and the situation that comes after the losses.

The book doesn't really have a framework for trading and it tries to force stoic in trading which is easy from a point where one ends up with making money. From the opposite side this is not easy to cope with. The loss is not just a financial loss but it also brings a the after effects of these losses.

Skip this one and, if possible, avoid using any telegram channel for trading/investment advice.

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