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I use to trade stocks, options, and forex as an amateur, but I quit after losing my account during the 2008 crisis. After that, I decided I would rather bet on myself than commodities. My approach to trading involved using self-learning systems to find repeating patterns in the markets, but I was not very focused on money management - which turns out to be a lot more important than knowing which way a commodity will go. I did discover a retired 'quant' named "Howard Bandy", who has been writing books about developing trading systems (using Amibroker of all things). If you are looking for a math-centric approach to trading, I would suggest you look at his material. If you are trading, you should be using a "system", that covers every eventuality. You should also be able to tell if your system is not performing as expected, so you know when to not trust it. Bandy covers all of that (though it's not simple!).
I hate to sound negative about trading, but if you plan to trade significant amounts of real money, there are a ton of things you need to know about, much more than you will read in any one book. Little guys (like I was) are like the plankton eaten by the whales. If you want to know how screwed up the markets currently are, listen to youtube broadcasts by retired trader Max Keiser. I urge people to avoid trading unless they are committed to learning how to have the best chance of surviving it. If you can play the game, and not get totally wiped out, you will probably make money.
One more thing about trading, there are basically two ways to trade. The first is to take a lot of little losses, and hope for a big win. The second is to take a lot of little wins, and hope you don't take a big loss. Trend followers use the first method, and range traders use the second method. Books like "High Probability ETF Trading" use the second method. You can't trade without taking losses, so your approach has to account for them.
I hate to sound negative about trading, but if you plan to trade significant amounts of real money, there are a ton of things you need to know about, much more than you will read in any one book. Little guys (like I was) are like the plankton eaten by the whales. If you want to know how screwed up the markets currently are, listen to youtube broadcasts by retired trader Max Keiser. I urge people to avoid trading unless they are committed to learning how to have the best chance of surviving it. If you can play the game, and not get totally wiped out, you will probably make money.
One more thing about trading, there are basically two ways to trade. The first is to take a lot of little losses, and hope for a big win. The second is to take a lot of little wins, and hope you don't take a big loss. Trend followers use the first method, and range traders use the second method. Books like "High Probability ETF Trading" use the second method. You can't trade without taking losses, so your approach has to account for them.
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