Why Traders Lose, How Traders Win: Timing Futures Trades With Daily Market Sentiment Review

Why Traders Lose, How Traders Win: Timing Futures Trades With Daily Market Sentiment
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Jake Bernstein explains how mob psychology effects the markets. He has a proprietary measure of the trading public's "bullishness" or "bearishness" toward each of the most popular futures markets. It has been well established that the trading public is the most likely to be wrong group of traders and the author gives you his plan on how to move from the group that is wrong as much as %90 of the time to the group which is actually earning a profit. Sentiment and human emotion are VERY important to success in the markets and should not be ignored. The two reasons I did not rate this book more highly are: 1) the entries and exits are not very precisely outlined, 2) this index is for shorter term traders and the DSI is sold by the author as a subscription and is fairly expensive - but worth it in my opinion.

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