Crooks, Cranks and Honest Citizens: Trading
by Fred S. Gehm
In a competitive game like commodity trading, a player should hardly expect to receive good advice from
the other players. It's like asking the poker player across the table from you how you can beat him. Yet
there are men and women of good will in the market and good advice is available. Besides good will, one
reason experienced traders will often give good advice is that they know that the better their advice the
more certainly it will be ignored. One cannot spend much time talking with traders without hearing a
trader asking his or her mentor, "Why didn't you tell me that before?" And the mentor replying, "I did!"
Trading psychology is a subject that experienced traders consider important, if not critical, and beginning
traders generally consider of little interest and value. Some excellent advice is available in the books
below and the reader will ignore it at his or her own peril.