BarroMetrics Views: Resources for Traders II
As I was watching the S&P jerk around last night (in apparent response to the unfolding Greek situation), it struck me that a book I had just read was most appropriate: The Principle of Relevance by Stefania Lucchetti.
The book title suggests that the book has little to do with trading; I’d say, the principles are very relevant.
Stefania defines the principle as expanding our informational base by investing the right amount of energy at the right place and at the right time. In short we ’see the big picture with awareness priorities’. She recommends the use of 5 elements:
- Clarity of Purpose
- Situational Awareness
- Pattern Discernment
- Attention and Focus
- Self-Knowledge and Self-Mastery.
Think about what I have written for a moment and you’ll soon work out why I say the book is relevant to trading.
This is another book that deserves a place on your shelf.
Refer this blog post to a friend or colleague…
