Private Thoughts from a Trader's Diary
Private Thoughts from a Trader's Diary by Larry Pesavento and Peggy MacKay
This book is as close as you can get to sitting next to a professional trader and listening to their thought process that goes into their trades. There are many trades documented in the book and each one describes their thoughts, beliefs and observations about the trade – “Why did they enter here, and what was going on in their minds while in this trade, why did you place your stop here…” Larry and Peggy do an excellent job of walking you through the trades and describing in detail the entire process, the good, the bad and the ugly. The losing trades are not edited out and the trading errors are also kept in so that the novice trader can learn how these situations are handled by professionals.
The methodology presented is straightforward, simple, and easily understood. It is based on the pattern recogntion methodology of the authors, which is the result of many years of market observation, trading experience, and study.
Every detail is shared with the reader as if he were physically present with Larry and Peggy as they make their trade selection, place their initial and trailing stops, and exit the trade. Complete details of their exit strategies are provided.
Larry Pesavento is a professional trader for a hedge fund, and has been trading for over 40 years. In this valuable book, you get the benefit of his vast experience and trading knowledge, as well as that of Peggy MacKay, also a veteran professional trader.
This collector's edition of this remarkable book is gold-foil stamped on rich leatherlike binding. It is a beautiful addition to your trading literature, and a valuable addition to your trading knowledge
Leather Bound: 259 pages
Publisher: Traders Press, Inc. (July 2002)