The Playbook: An Inside Look at How to Think Like a Professional Trader

Great book

I am not a regular reviewer of books which I buy (especially trading books). But this time I feel like I have something to say about this book & especially to those who wrote negative feedback to this great work by Bella. The day you understand (and able to write or SEE good about) this book, I can be sure you can SELF certify yourself that you had overcome all the hardships, obstacles etc. required to become a pro trader. You all have milles to go before you.... This book shows how to make your own HOLY BOOK/HOLY GRAIL for your trading.

Well, not sure what author is trying to convey other than backroom noise and workings of a trader. It's really nice to know, but what is the message for us who do not want to work with traders? A no from my side.

Se você quer ser um trader, leia este livro! Leia e re-leia! Fundamental para entender este fantástico jogo! Ou melhor, este modo de viver!

When I started reading the book (the introduction), I thought I was reading a novel and was so captivated by the events that I started hoping for a happy ending. But that was real life -the author's personal life. It`s about resilience in the face of suffering and vicissitudes of life. The lesson is that you cannot control what life throws at you but you can control your reactions. Positive attitude and perseverance always prevail and the analogy with the market and trading is obvious. You cannot control the market but with hard work, determination, and persistence the trader can achieve positive outcomes. Most trading books give you "canned" methodologies. This book also give you a superb methodology to work with but it also opens the door wide open for creativity, urges the trader to keep an open mind and continually strive to hone one's trading skills in order to be able to adapt to new market conditions. Also, the book emphasizes that trading is not rocket science. It s all about doing one's homework, managing risk, and learning from one's mistakes by reviewing and scrutinizing one's trades daily. This is explained by giving real examples of real trades executed by real traders. On this basis, every trader has to create a "PlayBook" in order to "archive" the best patterns that work best, "internalize" them and make them his/her own. This creative mindset is the key to survival in the market. The following quote summarizes it: "Trading is a skill that must be learned and honed.. You must develop a PlayBook of trading patterns that make the most sense to you. To become great at these setups takes experience, practice, and a love for your game. Only then can you join First Team Wall Street." Pg 202 Moreover, the author stretches the importance of constant coaching because even the best traders need coaches. He gives the example of famous athletes who surround themselves with teams of coaches and traders are no exception, they need coaches too. Needless to say, the trader has to be always pro-active, perpetually thinking of ways to improve his/her game. In other words, mentors are important but nothing replaces hard work and the daily endeavor for self-improvement. The author writes: "understand what the masters have done and then incorporate what you've learned into your own style." Pg 44 One more thing I like in the book is the author's appreciation of the good work. He emphasizes the importance of reaching out to other traders, talking to them, inviting them for lunch. The interaction with other traders can play a vital role in the trader's development. The book refers to many resourceful works of other traders. I will mention only Dr Brett Steenbarger for whom the author has a special appreciation. It's important to note that this book is more than trading techniques and strategies. It's about the path to success and success is more about hard work and preparation than luck. The trader's focus should be on daily self-improvement and not the outcome or results. "Everyday is an opportunity for continuing education." Pg 360 With this mindset, the results will come naturally. The daily challenge is how good can you be? It's the path to self-actualization. It's a very inspiring and empowering book Finally, I liked the quotes mentioned by the author especially the Bruce Lee quote "Use whatever works, and take it from wherever you can find it." Pg 17 It's very relevant. Bruce lee studied hundreds of fighting styles but he came up with his own style -his own PlayBook- his own fighting method. This idea is the gist of "The PlayBook". Traders have to be open to all "trading styles" and work diligently to find the setups that work best for them. The author writes: "My hope for you is that this book gives you the tools to build your trading PlayBook. It will help you frame your own unique PlayBook that best utilizes your strengths." Pg 52 Bottom line, the book is an excellent read and worth your intellectual energy and time. It will push you to think out of the box when it comes to trading and inspire you to have a positive attitude towards life in general.

Si estás entrando en el mundo del Trading sin duda este libro es para tí, era para un regalo y se ha quedado muy satisfecho y contento. Este libro sin duda es muy completo y le ha encantado.

Best book about trading. Teach you how to work to be the Best trader you can be. A lot of example of different trader that have great results thanks to their hard work

This seem to be a reprint . the original copy is more compact.