Charlie D.: The Story of the Legendary Bond Trader

This is not a trading book. You will not learn anything about trading. What you will learn is the life of Charlie D. What he stood for, his true love for the pit and trading. Unfortunately you can't stop thinking if the author couldn't have done a better job with this book.At least 2 chapters have nothing to do with Charlie and the ones that talk about him you can't stop thinking that more could have been said.Nevertheless, I did appreciate the reading.

This was a book that I looked forward to reading. However I kind of got a bit disappointed. The author never heard of him,all of book is hearsay (ofcourse). But one chapter is about the author chasing a guy, so he knows if he can use the story in the book. And that is the chapter... Another chapter is all about an American football game, which I as an European(and not really into sports anyway, I bought a trading book, at least a story of a trader, not a play for play sport review I don't know.But,it is the only book, so it was kinda nice to read it. I will probably also get more out of the lesson he hold for some people on you tube, at least I hope it is still there. (The rating is based on that I removed one for each of the really annoying chapter and I didn't(atleast until now) ,mentioned the chapter tjat really should be (or kind of are) from a medical research on cancer(I am not a doctor either!!!)

One of the best "trading", or market related books I've ever read! "Strong Buy" rating for anyone looking for a trip back to Chicago in the Great 80s

Quite simply one of the best books about trading and investing every written. See "God Doesn't Trade Bonds".

There are a lot of stories of things he did with wealth generated but there is no insight or education in his trading methods...the only value for trading education was the written transcript of Charley's presentation to CBOT traders which can be found on YouTube...

The meat is in Charlie D's lecture, a little foreplay before, nothing later on. The rest of the book looks like it is written for the Sports Illustrated book of the month club."The principles of trading are the same if you're trading 10,20,50 or 100 contracts at a time, or if you're simply trading one. But it takes less time to make more money when you're a larger trader."When Charlie figured out trading calendar spreads was the most consistent way to make money he mastered the concept and started trading 50-lots at a time instead of always living in fear of losing money trading 1-lots.He took little blips out (of the market) with enormous size.Everybody's trading price relationships, you have to have a position on to earn a living. The bigger the position the less time it takes and the more you earn. Always challenge yourself to do it bigger and better and with more size."The longer time you serve ... with a position on, the more you know about yourself and the more you know about trading.""One of the most important things you learn with positions on is how to get out of a trade. You have to take losses today so that you can come back tomorrow.""The time you know you've become a good trader is that first day you were able to win by holding and adding to a winning position."---0o0----

Amazing story of an amazing man. I was a little disapointed that there wasent more stories of his work in the pits but ovrall great book!

Great book

A fabulous insight into the life of one of the greatest. I can highly recommend it.

I read the 1 other review of this book, and I felt compelled to write my own review. The other reviewer quite rightly writes that this is not a book about practical advice on trading. I accept that, but to say it is a waste of time is a gross injustice to what I consider to be an outstanding trading book.Why do I say that? Well, consider that trading books are a dime a dozen, and consider that there is no shortage of trading books, trading newsletters, trading services, trading seminars, trading web-seminars etc, and yet the failure rate in the trading industry, at least among private traders is around 90-95%, then alarm bells should ring.The path to profits is not just a function of technical or fundamental analysis. It is not just about becoming an expert in one method or one candlechart set-up. Rather it is the combination of both the technical foundation and the mental framework.I believe that the author has captured so well what made Charlie a great trader. He was a pit trader, so there was no access to screens. You may think that this makes the book un-applicable to the modern-day trader, but in reality, what anyone who will take the time to read this book will take away from it is that Charlie was a great trader because of how he was thinking while he was trading. I believe in there lies the truth value of this book.My 2 pence worth