Phantom of the Pits

by Art Simpson

This is not a book in traditional sense, but a interview with a pit trader who wanted to be called Phantom. Phantm who has been trading for 30+ years and now wants to give back to other traders on his view on what is a better way to trade, especially for small traders. He gave out his 3 trading rules that he follows and those interviews reveal his market insights. Here are some questions answered by Phantom's insights. 1. What is the Important aspect of trading? 2. You need to trading plan for entries, and why do you need to. 3. His view on daytrading, and how to apply his rules. 4. Many market condition, such as, how funds bid markets so they can sell the market and what should you do. 5. Is market always correct? Not so by Phantom. He went into great details on why he use them, the psychology behind these rules. and the benefit of his rules. Better yet, his rules can be a great enhencement to any trading system.

Genres: Finance

Kindle Edition

First published January 12, 2013

Reviews

[Mitchelmarinara]

This book is not bad but not great. I’d give it a 6/5. Definitely recommend to all traders of goods and services. Always.

[Rabin Rai]

I read the abridged version of this book by Tom Hougaard. This book complements well with his own book, Best Loser Wins.

[Yashvir Dalaya]

This book was 10 times longer than it needed to be. Too many anecdotes from the trader's life that barely had anything to do with trading. More a biographical read than a manual for trading better.