Trading Day by Day: Winning the Zero Sum Game of Futures Trading : Book Review

"Trading Day by Day" is a comprehensive guide to the world of trading written by the experienced financial industry professional, F.H. "Chick" Goslin. With over 50 years of expertise, Goslin shares his wealth of knowledge and insights to help traders develop a winning strategy. This book covers a wide range of trading aspects, including technical analysis, market indicators, risk management, and the psychological factors that can impact trading performance.

Goslin's approach in this book is practical and easily understandable, making it suitable for both beginner traders and seasoned professionals. He provides step-by-step instructions and real-world examples to illustrate key concepts, enabling readers to apply the strategies effectively. The inclusion of charts and graphs further enhances understanding and facilitates visual learning.

One of the standout strengths of "Trading Day by Day" is Goslin's emphasis on risk management. He highlights the significance of effectively managing risk and offers practical guidelines for setting stop-loss orders and managing position sizes. By prioritizing risk management, traders can protect their capital and minimize losses, ultimately increasing their chances of long-term success.

Another valuable aspect of the book is Goslin's focus on the psychological aspects of trading. He addresses common emotional pitfalls that traders often encounter, such as fear and greed, and provides strategies for overcoming them. By delving into the mindset of a successful trader, Goslin helps readers develop the mental resilience necessary to navigate the volatility of the market.

In summary, "Trading Day by Day" is a valuable resource for traders seeking to enhance their skills and profitability. F.H. "Chick" Goslin's expertise and practical advice make this book a worthwhile read for anyone interested in the world of trading. Whether you are a novice or an experienced trader, this book provides valuable insights that can help you develop a winning trading strategy.

What are readers saying?

"Trading Day by Day" is a book written by F.H. "Chick" Goslin that offers valuable insights into the world of trading. Although opinions on the book vary among readers, it has generally been well-received.

One notable feature of the book is Goslin's ability to explain complex trading concepts in a clear and accessible manner. Readers appreciate his engaging writing style, which makes it easier for beginners to grasp the intricacies of trading. Furthermore, Goslin's practical approach to trading resonates with readers, as he provides useful strategies and tips that can be immediately implemented in the stock market.

However, some readers find the book to be too simplistic and lacking in depth. They believe that it caters more towards novice traders, while leaving experienced traders looking for more advanced techniques and insights. Despite this criticism, others argue that Goslin's straightforward approach is precisely what makes the book valuable, as it avoids overwhelming readers with complicated jargon and theories.

Many readers appreciate the real-life examples provided by Goslin, as they offer concrete illustrations of the concepts being discussed. The author's focus on risk management and discipline is also praised by readers, as these topics are often overlooked in other trading books. They feel that Goslin's emphasis on these aspects is crucial for successful trading and appreciate the practical advice he provides in this regard.

Although some readers feel that the book could benefit from more in-depth explanations and analysis, "Trading Day by Day" is still regarded as a valuable resource for traders of all levels. It is seen as a solid starting point for beginners entering the trading world, and even experienced traders can benefit from Goslin's insights and practical strategies. Overall, the book is considered a useful guide to trading and has received positive feedback from many readers.

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