I like to review lines or paragraphs from the book i have read. Below is another things to remember when trading the market. It is from Alexader Elder's Come Into my trading room.
THE FIRST STEPS
Trading lures us with its promise of freedom. If you know how to trade, you can live and work anywhere in the world, be independent from the routine and not answer to anybody. Trading attracts people of above average intelligence who enjoys games and aren't afraid of risks. Before you rush into this exciting venture, keep in mind that in addition to your enthusiasm you will need to bring a sober understanding of the realities of trading.
* Trading will stress your feelings. To survive and succeed, you will need to develop a sound trading psychology.
* Trading will challenge your mind. To gain an edge in the markets, you will need to master good analytic methods.
* Trading will demand good mathematical skills. A math illiterate who can't manage risks is guaranteed to bust out.
Trading psychology, technical analysis, money management-if you learn all three, you can make it in trading.
The markets are set up to separate the maximum number of people from their money. Stealing is not permitted, but markets are heavily slanted in favor of insiders and against outsiders.
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