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This newsletter continues with some small grabs from my upcoming book the Zen Trader. The book will be available to buy online in just 2 weeks, after the 26th April this year – so don’t attempt to but it now as you will hit a digital wall. (I just heard a rumour it is available now on Booktopia)
An idea I have is to put a small sample of each chapter in a newsletter. This will give you an idea of the content and help you decide if it appeals to you. That small sample will be at the bottom of this page.
The book is a little different, it's not just a trading book but a book with some “soul”. I know that word is thrown around a lot lately as many question our lives and the changes thrust upon us, for I believe there is no point in trading or investing if all it does is make us miserable. With that philosophy in mind comes the Zen Trader.
A reminder that if you are interested in my weekly market comments, along with the 52 week closing highs for the ASX, click on the link below where I post them every weekend.
https://www.easysharetradingsystems.com.au/how-to-trade/52-week-highs
With no further ado here is a sample from the Intro.
“This book is written with a purpose; to compare and connect the methods of trading to the philosophies and techniques of Zen. The intention is to show the reader that embracing Zen into their trading and life will improve not only their financial situation, but their happiness and overall well-being. Each chapter shows comparisons between trading and Zen, and demonstrates how adopting a Zen approach will elevate your performance as a trader (or investor) and bring more peace and profit into your life.
I started to notice something peculiar about trading coaches and others I was reading about. Dr Elder was a fan of A.A. and its spiritual message. Ed Seykota, well known for his trend-following methodologies, had many pages of his website devoted to his own brand of spirituality, a blend of Buddhist and American Indian philosophy. Mark Douglas’s work was rooted in Eastern philosophy and modern psychology expressed in his book Trading in the Zone. Dr Van Tharp was a practitioner and devotee of the Oneness organization from Chennai India, an organisation steeped in the spiritual traditions of Hinduism. In Australia, the trading and investing coach Colin Nicholson (although with no direct spiritual affiliation) often talked about the need for gratefulness emotional intelligence and delayed gratification - all spiritual concepts from the sages of old.
In my opinion, there are two obstacles to trading success. Zen can solve both of them. In my first book Trading Mindfully using Winning Probability I explained that those obstacles are: 1. Traders don’t have a system or method to trade 2. Even if they do have a method, they don’t stick to it. My first book was devoted to the first issue and a very simple trend-following method was explained in detail. This book now will explain and break down the second obstacle that affects almost every trader and is a major barrier to success in the markets. During that process, we will delve into Zen and explore why it is such a powerful tool to have in your trading toolbox.
As traders and also as humans wanting to evolve and improve who we are, we need to look at methods that work. Methods that have merit and are proven over time. Zen is such a method.”
I will follow up this email with another ASAP - containing a small example from the next chapter, until then live and trade well.
Peter
https://www.harriman-house.com/zentrader
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