Charlie D. : The Story of the Legendary Bond Trader
Author: William D. Falloon
List Price: $29.95
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ISBN: 0471156728
Publisher: John Wiley & Sons (20 October, 1997)
Sales Rank: 124,743
Average Customer Rating: 3.43 out of 5
Customer Reviews
Rating: 2 out of 5
Can you hold and add to a winning position ?
The meat is in Charlie D's lecture, a little foreplay before, nothing later on. The rest of the book looks like it is written for the Sports Illustrated book of the month club. "The principles of trading are the same if you're trading 10,20,50 or 100 contracts at a time, or if you're simply trading one. But it takes less time to make more money when you're a larger trader."
When Charlie figured out trading calendar spreads was the most consistent way to make money he mastered the concept and started trading 50-lots at a time instead of always living in fear of losing money trading 1-lots.
He took little blips out (of the market) with enormous size.
Everybody's trading price relationships, you have to have a position on to earn a living. The bigger the position the less time it takes and the more you earn. Always challenge yourself to do it bigger and better and with more size.
"The longer time you serve ... with a position on, the more you know about yourself and the more you know about trading."
"One of the most important things you learn with positions on is how to get out of a trade. You have to take losses today so that you can come back tomorrow."
"The time you know you've become a good trader is that first day you were able to win by holding and adding to a winning position."
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Rating: 5 out of 5
Fun Read
Charlie D is a wonderful biography that I could not stop reading. It helps put things into perspective. Investing and making money is one thing, but you have to live life as well otherwise you won't be able to appreciate your work and money. This book will give some motivation and help your psychological frame of mind, but will not directly help your stock picking and trading like the other books.
Rating: 2 out of 5
Can you hold and add to a winning position?
The meat is in Charlie D's lecture, a little foreplay before, nothing later on. The rest of the book looks like it is written for the Sports Illustrated book of the month club.
"The principles of trading are the same if you're trading 10,20,50 or 100 contracts at a time, or if you're simply trading one. But it takes less time to make more money when you're a larger trader."
When Charlie figured out trading calendar spreads was the most consistent way to make money he mastered the concept and started trading 50-lots at a time instead of always living in fear of losing money trading 1-lots.
He took little blips out (of the market) with enormous size.
Everybody's trading price relationships, you have to have a position on to earn a living. The bigger the position the less time it takes and the more you earn. Always challenge yourself to do it bigger and better and with more size.
"The longer time you serve ... with a position on, the more you know about yourself and the more you know about trading."
"One of the most important things you learn with positions on is how to get out of a trade. You have to take losses today so that you can come back tomorrow."
"The time you know you've become a good trader is that first day you were able to win by holding and adding to a winning position." Similar Products
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