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Simon Ree
Goodreads Author
Member Since
July 2020
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The Tao of Trading: How to Build Abundant Wealth in Any Market Condition
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“If a stock is in an uptrend, buying call options when the stock is near its mean is often a good idea. If a stock is in an uptrend, buying call options when the stock is a long way above its mean is often a less good idea! If a stock is in a downtrend, buying put options when the stock is near its mean is often a good idea. If the stock is in a downtrend, buying put options when the stock is a long way below its mean is often a less good idea!”
― The Tao of Trading: How to Build Abundant Wealth in Any Market Condition
― The Tao of Trading: How to Build Abundant Wealth in Any Market Condition
“Track Your Favorite Instruments I have met so many traders whose trading journey ends up looking something like this: One month they’re trading stocks (“we’re in a bull market, man!”) When that didn’t work out, they jump to options (“strangles and spreads, that’s where it’s at, baby!”) When that didn’t work out, they jump to forex (“I just bought this forex robot, it does all the trading for me!”) When that inevitably didn’t work out, they jump onto Bitcoin (“it’s gonna replace money!”) When that didn’t work out, they jump on social media (“I saw this ad on Facebook about trading binary options…”) By now, they have to go back to work, because they have blown up whatever trading capital they had left.”
― The Tao of Trading: How to Build Abundant Wealth in Any Market Condition
― The Tao of Trading: How to Build Abundant Wealth in Any Market Condition
