Do you know the BIG difference between good trader and great trader?
Consistency

Maybe you have read the classics such as Edwin LeFevre’s Reminiscences of A Stock Operator or Ben Graham's The Intelligent Investor. Both shows extremely profitable speculators (which include BOTH investors and traders) to consistently make profits in the market.

Speculating shouldn't be that hard, yes? After all, price moves only up or down. This is supposed to be easy. Yet, most people lose money investing in the market.

However, the fact is 85% of aspiring traders quit after two years, and majority of long term investors gladly overpay their money managers (whose investing skills, despite their financial background, are probably not that different from them) to take care of their money.

Why?

On average, people take 5 years to become profitable and $50,000 lost to start showing some significant improvement speculating.

Why?

I believe the lack of reliable role models is the root cause. People learn faster when they have someone to look up to. Unfortunately, nowadays, the financial industry has become so commercialized that drama seems to have more value than reality.

People argue over StockTwits, analysts hate each other over a diet supplement stock, hedge fund managers tried to backstab their counterparts.

This battle has been going on for close to 2 years, but let me ask you this: In the Herbalife battle between Bill Ackman (bearish) vs. Carl Icahn (bullish), who won?

In July 22nd, 2014, Carl Icahn made $234 million on his Herbalife stake but so far in 2015, Bill Ackman was the big winner as HLF stock fell about 50% from the time Carl Icahn made his fortune.

Who won?

To be frank, no one knows since these investors were not required to disclose their holdings.

Despite the drama between two of the most prominent investors in our time, there were people who actually made fortune buying HLF in May 2014 and selling HLF in September 2014.

Sure, these people did not make $234 million. But wouldn’t you agree that $234,000 was not a bad amount at all?

I'd rather have those small, retail, yet consistent traders as my trading role models than all the CNBC analysts combined.

Trading is a respectable profession that requires commitment, determination, and persistence. The trading learning curve also requires your time, energy, and capital.

And humility along with desire to always be learning.

This book is going to be your easiest (and cheapest) way to learn trading!
How so? Because you will learn from other traders' mistakes instead of your own money.

The market you are trading / investing in is irrelevant. The principles discussed in this book will work whether you are trading stocks, trading bonds, trading futures options, trading commodities, and even trading Forex.

It is my humble expectation this book can give you some additional insights and add an extra ammo to your vast investing and trading arsenal.

Whether you are investing for beginners, or investing for retirement, I am confident you will get some values from this book and hopefully, add your knowledge on how to make money in the market.