Private Thoughts from a Trader's Diary

Book excerpt: Larry Pesavento and Peggy MacKay, professional traders, team up for their 2nd book together, Private Thoughts From a Trader's Diary. Their first book, Opening Price Principal, was published by Traders Press, Inc., in October 2000. It has already been reprinted and has become a qualified success.This second book begins with an admonition that, A smart man learns from his mistakes. A wise man learns from the mistakes of others. With this in mind, the authors take you through an in depth look at their daily trading principles and tactics. Not just one day, but you are treated to many days of trading.Each trading decision they made is explained in detail. They actually let you see into their minds and thought processes. It is a unique experience. New and old traders, Pesavento students and others will all gain new insights from the many trading examples shown. Their vast experience and knowledge will help the reader traverse the dangerous land of the trading markets.