Read e-book online The Art of the Trade PDF

By Jason Alan Jankovsky

ISBN-10: 0470138998

ISBN-13: 9780470138991

ISBN-10: 0470399724

ISBN-13: 9780470399729

The artwork of the exchange is a searing portrait of the futures and thoughts as noticeable in the course of the eyes of somebody who has participated during this area for greater than 20 years. On one point, it is a brutally sincere, no-punches-pulled examine the contributors and associations that include this designated neighborhood. On one other point, The artwork of the exchange is a private tale of the demanding situations writer Alan Jankovsky confronted as he battled the markets, the brokerage undefined, and his personal early penchant for self-destruction.

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It still blows my mind that these people have money or are entrusted with it. What I didn’t know was that every one of these psychos knew less than I did. I actually thought that the guys who traded knew what they were doing, both in the “playpen” (as I called it), or in a brokerage office wearing a shirt and tie. Once I became accustomed to the whole scene and began trading there every day, I began to feel more comfortable about what I was doing. I would let people see my charts with all the lines drawn on them.

What a complete waste of time. I’ll never get those years back. While I was in the phase of lunacy—called studying the markets—an amazing thing happened that started me down the road to true understanding. I share it with you in as much detail as I can remember. I swear to God this actually happened. To the best of my knowledge, the shabby guy in this story still trades in the playpen. For all I know he was an alien making a pit stop on earth and had a little extra time to kill. m. I remember it was Monday because the discussions after the weekend in both the playpen and the brokerage office were always the same: Who got laid?

I had spent all my income and was once again without a place to work or a client base of any kind. What was wrong with this picture? Was it me? Was it the industry? I wanted to be reasonable about it, but what was the true answer? I was spending a lot of time dealing with this same problem. I was working for people who couldn’t get a job cleaning toilets in the “real” world, but were operating companies that made tons of money (on commissions—never in market profits). I was attempting to learn the markets to reduce the loss factor but still losing all the time.

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The Art of the Trade by Jason Alan Jankovsky


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