On the weekend I looked through Alexander Grechik book for traders. As usual in non-fiction books, a lot of space is filled with success description and advertiments of his own course, altough there is a lot of interesting things in it.
One thing I liked is a detailled explanation how to choose stop loss levels and move it if market exeeeds your initial expectations.
Another thing is about risk management. Of course his acceptable loss equal to 0.2% of paid price looks ridiculous for long term investment, but hi is talking about daily trading and value of loss could be adjusted for your own needs.
But the best part of the book is trades journal example. With initial conclusions and strategy and final results.
I think it’s awesome way to improve your results in nvestment over time, and I will definetely use kind of this journal.
However, I am not willing to spend all day long looking at trade terminal and gambling on the market.