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 are simply unavoidable when trading on Forex.

4. About forecasts - how much should you 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 some time.

6. About mobility - advice on choosing an investment object and the harm of getting tied to one trading instrument.

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

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

9. About optimism and pessimism - why it is good to be optimistic, and why you should not make decisions based only on your mood.

10. About consensus - ignore everything you are told, trust only your own conclusions.

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

12. On planning – a plan has always been the key to the success of any undertaking.

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