The objectives of this books are twofold:
- To help you in your search for the secrets of the Holy Grail and at the same time,
- To help you in your search for a winning trading system that’s right for you.
There is a critical assumption in both of these objectives: that you are the most important factor in your performance. Jack Schwager, after writing two books for which he interviewed some of the world’s top traders, concluded that the most important factor in their success was that they each had a trading system that was right for them. I’d like to take that assumption one step further. You cannot design a system that is right for you unless you know something about yourself.
As a result, the first part of this book is about self-discovery and moving yourself to a point from which it’s possible for you to do market research. I’ve included a chapter on the psychological essence of successful trading (what the Holy Grail is really all about), a chapter on judgmental heuristics, and a chapter on setting your personal objectives.