Axioms of a Stock Speculator, Max Gunther.

An axiom is an indisputable rule that doesn't require proof. This book is structured around this principle, with the author attempting to explain the fundamental principles of trading in an accessible manner.

The book presents 12 basic axioms, which are described in the chapters of the same name. It's worth noting that these aren't just recommendations, but also a warning against using tactics and strategies that don't always work.

The following axioms will you learn about in this textbook:

1. On Risk - As the title suggests, the article is devoted to risk management in stock trading; this crucial issue is always prioritized.

2. On Greed - a warning to impatient traders who are eager to make a profit at any cost.

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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