Hello Traders,
My mind wondered a bit today and it went to why do we read and study?
"We Read to Know that We are Not Alone" - C.S. Lewis
The short answer we are looking for something … some answer … some solution to a problem we have come across. By reading, we hope to find the answer to our problems.
For instance Gann said, the 4th time down through prior support the market has a greater tendency to break through and go on down. (See Chart Below)
April 4th, 2012: 200 Trades Chart
We read to understand … to figure out … to come to grasp with a problem which has so far alluded us. I, personally, read and study to learn from the trading masters who have went before me.
My favorite book from W.D. Gann, 45 Years in Wall Street
Now, all work and no play makes for a boring person, so I do enjoy reading some fiction as well. Right now, I am enjoying reading through the Game of Thrones series written by Robert R. R. Martin, and also a series on HBO.
Most of our time towards reading and re-reading books should be searching for some piece of advice or wisdom to feed your mind. To understand the world in which we operate in and around.
I remember very clearly when I asked my finance teacher in college, “How do you make money?” His answer was he didn’t know. This was an eye opening experience for me, and I believe sent me on my 25 year journey now for the answer to my original question.
Can we learn from the past? YES!!
April 4th, 2012: 200 Trades Chart 1a
By reading and studying, we can learn from other people’s experiences to help us in our own personal experiences. I believe this is the greatest gift from reading and studying books from the past.
My favorite book to read and study is the Bible.
Good Continued Trading,
David ‘Tiger’ Knight
P.S. “Learning is the beginning of wealth. Learning is the beginning of health. Learning is the beginning of spirituality. Searching and learning is where the miracle process all begins.” – Jim Rohn
Jim Rohn - Philosopher, Mentor, and Educator
I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.
