The Market Is Always Right

Posted By: tot167

Thomas McCafferty, "The Market Is Always Right"
McGraw-Hill; 1 edition (November 6, 2002) | ISBN:0071396985 | 224 pages | PDF | 1,1 Mb [/center
Even with today's high-speed computers, online accounts, and information access, traders still live or die based on their abilities to control fear, greed, and emotion. The Market Is Always Right gives traders battle-proven advice for avoiding common trading setbacks by understanding human natureboth their own and others'and directing it toward profitable outcomes.

Distilling the wisdom of hundreds of traders, this proactive book starts with 10 overriding rulesfor example, "Evaluate your performance"and then lists the subrules within each, such as "Qualify and quantify your trading pattern." Other examples include:
Never chase trades
Watch the opendon't trade it
When in doubt, get out