The Book Report

I recently read "Elliott Wave Principle: Key to Market Behavior" by Robert R. Prechter to better understand trading vocabulary. Technical analysts often justify price actions using econometrics, order book flow, and candlestick patterns. Some traders like Paul Tudor Jones III use indicators based on chart aesthetics, or the Wave Principle to anticipate and profit in the market.What is the Elliott Wave Principle? Developed by Ralph Nelson Elliott in the early 20th century, the Wave Principle s...

I just finished reading Japanese Candlestick Charting Techniques, Second Edition by Steve Nison, and this book has helped tremendously in demystifying candlestick chart reading. Many sites today teach candlestick reading, but through further research, I discovered that these web resources often use this book as their primary reference. Interestingly, since the practice originated in Japan, the author himself disclaims that this book is based only on material translated into English. (Oriental...

Wayne Gretzky's legendary quotes like "You miss 100% of the shots you don't take" and "I skate to where the puck is going to be, not where it has been" only scratch the surface of his genius. Recently diving into "Gretzky: An Autobiography" by Wayne Gretzky and Rick Reilly opened my eyes to the mind behind hockey's greatest player. The numbers tell an astonishing story of dominance: Gretzky's career points total 2,857, towering over the second-place holder's 1,921. Even more impressive, if he...

The Theory of Poker by David Sklansky was first published in 1978 and is widely considered the essential resource for understanding Poker. This is the second book I've read on poker and I don't feel any closer to grasping the secret to the game. With that said, here are some key points in random order I understood and found applicable to games and decision-making.Winners and Losers: The Justice of Poker 👑"Winners make themselves winners and losers make themselves losers. Poker is sheer justi...

Self Help by Samuel Smiles is a book originally published in 1859 and is considered 'the bible of mid-Victorian liberalism'. The writer uses eminent figures of his time to exemplify the virtues of self help. I read Self-Help to understand the crucial points and aspects of myself I can focus on and continue to improve. This journey of self-improvement is particularly relevant to my financial development and my endeavors in the crypto industry. The book offers timeless principles that ...

My sentiments while positioning into a market as a naive and hopeful boy with wishes of riches start with looking at a chart. The candlesticks are more or less random until I keep looking at them and start making patterns on them. I start to notice support and resistance lines at certain price areas. I think to myself, if this goes any lower, I'll be buying at a discount since it all has to return to its previous highs, I assume. I'm a patient person, I think of myself, and now I also think, ...

Alton Harden, a seasoned professional poker player, meticulously outlines the myriad calculations players might undertake during a hand of No-Limit Hold'em in his essentials guide. Harden emphasizes that poker should be approached as an analytical exercise rather than mere gambling, transforming the game into a strategic endeavor.

Published in June 2024, The Bitcoin Almanac by Robert Warren offers a high-level overview of the BTC mining world. The book is divided into two parts: the first explains what BTC mining is, and the second consists of interviews with key players in the field, each approaching the task with different sizes, scales, and scopes. Bitcoin Mining Explained 🏋 Mining Bitcoin is relatively straightforward, but profiting from it is the real challenge. A critical metric for miners is the hash-to-price v...

Introduction 💡 Market Wizards is a series of five books by Jack D. Schwager, that offers invaluable insights into the minds of successful traders. This review focuses on the first volume, published in 1989, exploring the psychology, strategies, and approaches of the top traders of the day. 💪 Key Themes 🤩 One common thread among these successful traders is their independent thinking. They rely on their instincts and of TA, rather than following news, advice, or popular trends. This aligns w...

Dr. Kent Kiehl's The Psychopath Whisperer is a captivating exploration into the dark realm of psychopathy. By delving into the neuroscience of this complex disorder, Kiehl offers a unique perspective on the minds of those who lack empathy and remorse.