Book - Review

Product: Online Trading Academy's Trade Like a Pirate:...

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Product Name: Online Trading Academy's Trade Like a Pirate: 67 Golden Nuggets To Simplify Your Trading

After making major donations to the market while becoming a successful trader, Hague offers readers a first-hand look at the common mistakes of most novice traders. She offers tremendous insights into trading through her own costly experiences and those of the 1,000 plus students she has taught. Trade Like a Pirate is simple and fun to read, but also filled with extremely useful information.

In her book, Hague describes 67 golden nuggets to help simplify your trading. She does a good job of identifying many common mistakes that all traders have made and will make throughout their trading careers.

Hague’s book focuses on real trading experiences that will benefit every trader at any level. The book covers it all, including a plan, a discipline, an emotionless description of rules and analysis, a direct approach, the understanding of probabilities, and being realistic. Trade Like a Pirate will help traders avoid pitfalls common to all traders by giving straightforward lessons learned from a professional trader.

For example, golden nugget #43 in her book stipulates that “Small Stops Do Not Mean Small Risks.” She goes on to state, “It seems logical at first that a small chart with a small stop equals a small risk.  This couldn’t be further from the truth.”
Trading can be tricky business. Reading Trade Like A Pirate will explain the above in detail and much more providing more knowledge to help traders improve their skill set.