when i write 'read it again and again' i am just trying to communicate that something is very important not only to know, but also to internalize. yes, of course, you can understand it in one reading. but there is a difference between understanding or knowing something, and living it when trading, hence the use of the word 'internalize'--you have to go beyond knowledge only, that is to say, some knowledge has to become 2nd nature.
and i have not mentioned the key points here on purpose for 2 reasons.
(1) because the report is available for free and i cannot do a better job at conveying the point. this is written by a professional who has way more experience than i do.
(2) because of human psychology: i am hoping that any beginner who reads this thread and forum in general begins to understand that part of becoming better at the art of trading is to cultivate a pro-active mind and get out there, gather the information you need, cross-compare it, think about it deeply, leave no stone unturned instead of just waiting for people like me or sive or anyone else to just spoon-feed you. were i to do the latter, i believe i would do you a great disservice, short-circuiting your learning experience.
but then again, if someone doesn't feel like investing countless hours, days, weeks, months in doing the required studying, then that's fine too. i do not care. just don't trade your own money but find someone qualified to do it for you.
finally, the point of this thread and forum, as i see it, is to get as many retail traders as possible more educated about the industry and the art of trading, because if we all raise our level, meaning if we all become more sophisticated traders, then the retail brokerage industry will have to contend not with fools anymore, but people who know what they are doing and therefore can demand better quality of service, which in turn will motivate the brokers to increase that quality of service if they do not want to lose business and end out of business. and those brokers who don't, will see their customers go to those brokers who offer better service. a virtuous circle, so-to-speak.
if regulators will not clean up and reform the industry, then educated customers can vote with their money and change the industry by giving their business only to those brokers whose interests are aligned with those of their clients. that simple.
What is the special about that report and why we have to read it again and again. We can understand in one reading. I think you should enlist the key points of the report here.