Axioms of a stock speculator, Max Gunter.

An axiom in itself is an indisputable rule that should not be proven; this book is built on this principle; its author tried to explain the basic principles of trading in an accessible form.

The book contains 12 basic axioms, which are described in the chapters of the same name. It should be noted that these are not just recommendations, but also a warning to the use of tactics and strategies that do not always work.

What axioms will you get acquainted with in this textbook:

1. About risk - as the title suggests, the article is devoted to risk regulation in stock trading, this important point is always put in first place.

2. About greed - a warning to impatient traders who are in a hurry to make a profit no matter what.

3. About hope - even large losses should not be a reason for disappointment, and small losses simply cannot be avoided when trading forex.

4. About forecasts - how much you should trust the forecasts of financial analysts and how often they come true in practice.

5. About models - why seemingly ideal trading schemes stop working after a while.

6. About mobility - advice on choosing an investment object and how harmful it is to become attached to one trading instrument.

7. About intuition - how harmful it is to open transactions without reliable information, based solely on intuition.

8. About religion and occultism - in trading you should always rely only on your own strength and hard work.

9. About optimism and pessimism - why it’s good to be an optimist, and why you shouldn’t make decisions based only on your mood.

10. About consensus - ignore everything they tell you, trust only your own conclusions.

11. About perseverance - is perseverance always a positive quality, or are there exceptions?

12. About planning - a plan has always been the key to the success of any undertaking.

Download Axioms of a Stock Speculator, Max Gunter.