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THE NEW TRADING OF A LIVING Introduction Trading—The Last Frontier You can be free. You can live and work anywhere in the world. You can be indepen dent from routine and not answer to anybody.  This is the life of a successful trader. Many aspire to it but few succeed. An amateur looks at a quote screen and sees  millions of dollars sparkle in front of his face. He reaches for the money—and loses.  He reaches again—and loses more. Traders lose because the game is hard, or out of  ignorance, or from lack of discipline. If any of these ail you, I wrote this book for you. How I Began to Trade In the summer of 1976, I drove from New York to California. I took along a few books  on psychiatry (I was a first-year psychiatric resident), several histories, and put a pa perback copy of Engel’s How to Buy Stocks into the trunk of my old Dodge. Little did I  know that a dog-eared paperback, borrowed from a lawyer friend, would in due time  change the course of my li