Readers reviews of THE MARKET IS ALWAYS RIGHT
can add your review of this book by
contacting us . We will then place your review on this page. (You can
request to have your name deleted if you wish)
I picked up this book with some reluctance. I
am wary of claims that a book can deal with the market with 7 rules, or 10 principles.
With this book I was pleasantly surprised. It offers some useful insights into the basic
principles of trading. It also provides good practical examples of these processes in
Mc Cafferty explains why it is important to
specialize in the trading tactics you decide to use. He shows clearly how trading is quite
different from betting, or gambling. He underlines the need for continual coaching to
ensure that your trading edge remains sharp, and on target. Coaching comes in many forms,
and includes the traditional idea of a coach as well as continuing education and revision.
He makes the very valid point that top
performers such as Tiger Woods have specialist coaches. Even at the top of their game,
they do not expect to go on winning without errors. Traders are the same. Staying at the
top requires constant practice and specialist coaching to help overcome the inevitable
lapses in our success rate.
He raises some interesting issues about trading
as a lonely pursuit. He suggests that some people benefit from a group atmosphere because
group pressure encourages them to stick with their trading rules.
This is an interesting book that provides some
new food for thought for experienced traders. It also is a very good starting point for
those who are interested in taking a more pro-active role with their investing, or with
View our Privacy and Internet Security Policy
guppytraders.com Pty Ltd,
ACN 089 941 560