Momo Traders- Tips, Tricks, and Strategies from Ten Top Traders by Brady Dahl Download PDF
It’s an honor to be able to write the foreword for one of the most practical and real trading books I’ve encountered in a long time. In these pages, you’ll read about real people and their all-too-real trading: the blow-ups, the big wins, and everything in between. Most of all, you’ll gain a window on some very dedicated and successful traders that I’ve had the pleasure to meet thanks to Traders4ACause. In a world full of promotions and self-hype, it’s refreshing to hear real traders talk candidly about their paths to success.
As a psychologist who works with traders on their performance, I’ve had the privilege of working full time with day traders at Kingstree Trading in Chicago and then with portfolio managers at Tudor Investment Corp. in Greenwich, Connecticut. Along the way, I’ve gained experience in both prop shops and hedge funds, seeing the many ways in which money is made and lost.
One thing that experience has taught me is that trading is different from portfolio management. The trader who is scalping individual names from a Level II display plays a different game from the manager who holds many positions for weeks and balances those exposures in a portfolio. For the trader, the name of the game is pattern recognition and the ability to see situations develop in real time and then act.