Facing AI, the book
It is easy to get lost in the maze of market nonsense, because it is not only the basics of trading you have to master. You also need to know which retail strategies are worth avoiding. Nobody can be a successful trader without understanding how AI shapes the markets. That is exactly why my book, Facing AI: Trader strategies against the market's apex predator, fills a real gap, contains my own research, and saves you millions of forints' worth of training.
Ask yourself: are you ready to make more money in the markets?
The challenge
When you decided that the markets would be your playground, you probably pictured the sharp young people in suits on Wall Street. You were not far wrong: a trader's life really is a way of life in itself. Reality, though, is harder than that.
Why the battles are lost
Based on my own experience, which includes a fair share of both failures and successes, I would say a few causes can be the deciding factor between an average trader and an above-average one.
There is no official trader training, least of all in the state education system. There is no regulation, no common framework setting a minimum standard, which leaves room for charlatans and unqualified instructors who do not even know the basics of trading.
You can spend the price of a house on courses and crash programmes full of empty phrases, with nothing to show for it. In the absence of regulation this is an extremely unregulated field, and nothing is guaranteed.
Most retail strategies do not work, but few people realise it in time, so losses and failure simply keep accumulating. Nobody teaches you how to think, or how to adapt quickly to changing conditions.
Artificial intelligence in the markets: in Facing AI I publish my own research showing that AI really is present in the markets, and in most cases does not make life easier for traders.
Nobody prepares you for the mental and emotional demands of a trader's life, not even on the courses said to be the best. Yet attention, discipline, focus, emotional control, flexibility and objectivity are not minor qualities, especially if you want to avoid the trap of self-sabotage. A successful trader can also detach from stereotypes such as "the market makes people poor" or "it is built on fraud". Those burdens have to be handled mentally too.
What you get in the book
Facing AI: Trader strategies against the market's apex predator will answer questions you may not even have formed yet. In this much-needed core text you will get to know the anomalies of trading, its contradictions and the nonsense that gets repeated so often.
And that is not all, because the big one comes next: I publish my own research on the presence of AI in the markets. In a chapter-length study I show that artificial intelligence really is present in the markets and strongly influences how they work. Why is that remarkable? Because you will not read about the connection between the markets and AI anywhere else.
The book's 10 chapters. Click a title for a short taste of each.
I show that knowledge, experience and self-awareness are all needed for this market "game of chance".
In this not overly long chapter I introduce myself. I am a trader too. I risk my own money. I lost enough, and learned from cheats and con artists, until I found the real strategy.
"I am not handing out advice I have never tested from the outside, safely away from personal risk. I was a trader, I am a trader."
In this chapter I go through the anomalies and contradictions of the markets, so you do not have to repeat them.
"The market is like a big casino where everyone is drinking. If you can hold off from drinking, you will be fine."
- Warren Buffett
In this section you get to know the fundamentals of the markets, how they came about and how they work.
"Money is nothing other than the measure of our decisions."
- Ozark
In this chapter you, the trader, come under the magnifying glass. The motivations behind trading, the different trader types, and how you can go from average to above average.
"If there is no new information about a given share or bond, we might as well roll a die to guess how its price will move."
- Christakis Georgiou
Why do retail strategies work, or fail to? What is the difference between fundamental and technical strategies? Value and dividend-based strategies, overpricing and hype. An unconventional approach to trading strategies.
"After all, what everyone already knows no longer counts as wisdom in the markets."
- André Kostolany
AI, artificial intelligence, is self-improving problem-solving software that has by now set foot in the markets too. It can uncover connections that in most cases put it in a winning position. AI is the market's Grand Game Master, the market itself. How can you still be a successful trader against that headwind? This chapter tells you.
"There are two kinds of people in this world, my friend: those with loaded guns, and those who dig. You dig."
- The good, the bad and the ugly
This chapter introduces you to the mental side of trading. The weak points, self-sabotage, the fundamentals and the mental strategies that work, along with exercises and recommendations for self-awareness and self-development. I arm you with the full mental arsenal you need for the rough terrain of the markets.
"Sometimes hope is the greatest obstacle to action."
- Amer
The last chapter sums up everything that will make you think of the sunny side rather than the rough end when trading comes to mind. The essence of the book:
"Some people look after you, the rest hunt you."
- X-men
This is the chapter where I help you set out on the path of self-awareness and of becoming a successful trader. We ask the uncomfortable questions you previously did not want to think about, or were not bold enough to answer. But I will not let go of your hand: I also recommend credible, professionally outstanding sources where you can keep learning without the risk of a dead end.
I am not claiming that you read Facing AI: Trader strategies against the market's apex predator and instantly become a black-belt trader. No. This book prepares you for the pitfalls of trading, honestly and without bias.
Who is it for?
Facing AI: Trader strategies against the market's apex predator serves up the key information that helps you reach your trading goal in an outspoken, forceful and forthright way. Whether that goal is the constant buzz and adrenaline, or building financial wellbeing. The two can work together, too. If you do not believe me, read the book. You will not be bored, that much I can promise.
Credibility
Isn't this just self-promotion?
Reviews
Then it is time to change something. As a first step, read my book Facing AI: Trader strategies against the market's apex predator. Instead of nonsense, choose hard reality and rock-solid foundations.