
Great Book! I started to read it and couldn’t put it down. It really gets to the core of emotions and how to deal with them to optimize your trading abilities.
Other fantastic trading books I have read:
“The Phychology of Trading”
“Reminiscences of a Stock Operator”
“Zen in the Markets”
“Blink” (helps for trading)
…and about the read “The New Market Wizards”
Boy that sure sounds like what I did. Even with your warnings I had some success and thought I knew better. I screwed up so badly I was almost going to give up/ throw away a great system because I blew it. Pride really does goeth before the fall. This time I will listen, practice and read this book. Thanks for the encouragment.
Is it still possible/advisable to buy credit spreads in this market when it seems like there may not be a bottom in the market for the time being?
I watched the game last night and I thought it was amazing. It seemed like the Colts dominated every part of the game, but the score told otherwise. It was the crucial mistake by Manning of throwing that one pick that sealed the deal for the Saints.
Now, I’m not a Saints fan, but I enjoyed seeing the Saints pull it off.
Couldn’t agree more!
“Law of Practice” it seems so simple yet so creative!. I have put 10,000 to paper and will take action on it.
Thanks for sharing this Jeff!
Hey Brent,
Glad you’re part of the Credit Spread Trading Made Simple Tribe! It’s just a matter of time before you become the All-Star of the Month.
JZ
matt furey has the secret which is really no secret at all. which is when you truly want something you will find a way to get it done. matt’s bodyweight exercise system is as basic as they come but will deliver the most results if applied correctly. matt was the reason i found j.z. and credit spreads. if matt’s wife who speaks english as a second language could grasp this and become successful i knew i could as well. it turns out i was correct. i was typical of that 90% of people who started off great guns and then quit after awhile when success does not come immdediatley. after about 6 months of no credit spread study or exercise i have resumed both and of course the results are much more positive and i am back in the zone. it’s really just that easy.
Jeff,
Nice post! A wise man once told me that most “overnight successes” actually take 10 years. It’s nice to know that 10,000 hours works out to only 4.8 years assuming 40 hours per week. That’s not so bad.
-Eric
Hi Jeff,
I first read about this idea of 10,000 hours to mastery in Michael Masterson’s Early to Rise newsletter. In that article he mentioned that a person could cut that number down significantly (I don’t remember exactly by how much) by modeling someone who had already achieved mastery of your goal or by being coached by someone who had already achieved mastery. So. . . thanks for all the great coaching and inspiration for those of us who want to learn to be great credit spread traders. Regards, Laurie L.