Last week I received an email from a reader. He wrote me that earlier he was reading the blog regularly and used to comment. He tried to trade the method for a while and failed to make profit. Then he lost interest and left.
He wrote me that after a year he is rediscovering the blog. Now he has started viewing trading from a different angle and finally price moves have started making sense to him.
This always happen. At a later stage, we may find new uses for something we discarded as useless earlier. Something we have read earlier and thought crap will suddenly start making sense. Something that can change our trading dramatically could be just in front of us. But we fail to recognize it.
I used to download and read a lot of E Books on trading. Recently while cleaning up my hard drive, I came across a book titled “Phantom of the Pits”. It was the worst book I have ever read on the subject. It is very difficult to read beyond one or two chapters as it is so boring. I never had patience to read it completely. Before deleting the file, luckily, I scrolled down. Believe me.I struck gold.
Phantom’s Rule 1 and Rule 2 in 5th and 6th chapters make the book worth its weight in gold. Probably you might have read it. If not Download, read and let me know your feedback.
Reread and Rediscover.