Online Trading Day » Education of a Speculator By Victor Niederhoffer http://onlinetradingday.com Online Trading Blog Tue, 27 Jan 2009 02:33:06 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Education of a Speculator By Victor Niederhoffer http://onlinetradingday.com/education-of-a-speculator-by-victor-niederhoffer/ http://onlinetradingday.com/education-of-a-speculator-by-victor-niederhoffer/#comments Tue, 29 Apr 2008 17:32:56 +0000 Admin http://onlinetradingday.com/education-of-a-speculator-by-victor-niederhoffer/ I just finished this well written and very entertaining book. There are a lot of lessons to be learned but the following quotes stuck with me the most:

The following is from page iX in the Preface:

” If I did hold an ” open sesame ” to the markets, I would not share it. ”

The following is from page X in the Preface:

” … it is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book ”

” Most of the knowledge for sale has no science behind it ”

The following is from page 402:

” Does it never occur to these seminar participants that anyone who truly had a system to beat the markets would never waste time and money in marketing such a wonder ? ”

The chapter on Deception and Charts , especially lesson 5 : Deceptive Technical Patterns is worth the time to read this book.

Candlestick Analysis Punishment is also an eye opener.

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