{"id":40882983,"date":"2021-10-22T11:19:35","date_gmt":"2021-10-22T05:49:35","guid":{"rendered":"https:\/\/stockviz.biz\/index.php\/?p=40882983"},"modified":"2021-10-22T11:19:41","modified_gmt":"2021-10-22T05:49:41","slug":"book-review-the-laws-of-trading","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2021\/10\/22\/book-review-the-laws-of-trading\/","title":{"rendered":"Book Review: The Laws of Trading"},"content":{"rendered":"\n<p><em>The Laws of Trading: A Trader&#8217;s Guide to Better Decision-Making for Everyone<\/em> (<a rel=\"noreferrer noopener\" href=\"https:\/\/www.amazon.in\/Laws-Trading-Traders-Decision-Making-Everyone-ebook\/dp\/B07SZ9W3LX\" target=\"_blank\">Amazon<\/a>,) <a rel=\"noreferrer noopener\" href=\"https:\/\/twitter.com\/AgustinLebron3\" target=\"_blank\">Agustin Lebron<\/a> is a must read for anyone remotely interested in trading and trading-linked philosophy.<\/p>\n\n\n\n<p>What it is not: a book that promises to teach you a trading strategy.<\/p>\n\n\n\n<p>What it is: a sort of memoir where the author weaves together his experiences while trading different markets, anecdotes and financial history.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>If you think your costs are negligible relative to your edge, you&#8217;re wrong about at least one of them. This rule is saying that magical super-profitable trades don&#8217;t really exist in the real world. If a trade appears to have far more edge than other available trades, then that appearance is illusory.<\/p><\/blockquote>\n\n\n\n<p>I personally found the the author&#8217;s attempt to apply trading analogies to real life a bit tedious. But, @naval has 1.4 million followers, so maybe that works.<\/p>\n\n\n\n<p><strong>Recommendation<\/strong>: Must Read.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An interesting book if you are interested in trading.<\/p>\n","protected":false},"author":2,"featured_media":2093173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4023],"tags":[3751,3761],"class_list":["post-40882983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-book-reviews","tag-book","tag-review","entry","has-excerpt"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/40882983","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=40882983"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/40882983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media\/2093173"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=40882983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=40882983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=40882983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}