.com Review Buy low, sell high. Sounds simple? Hardly. As most traders will tell you, finding the right entry and exit points in a market is too often a stressful and even gut-wrenching experience. Ari Kiev, author of Trading to Win, wants to change all that. Kiev spent five years with a group of professional traders at SAC Capital Management, a $500 million hedge fund, studying the psychological and emotional aspects of what makes for a successful trader. Kiev found that what hinders many traders is ego, fear, emotion, and "false beliefs about yourself and the markets." Gaining mastery as a trader means seeing "the market as it is, not as a reference point for your own existence." Kiev advocates a disciplined, Zen-like approach to the markets that begins with articulating a specific goal then committing oneself to attaining that goal in the most objective way possible, overcoming the emotional baggage that too often leads to poor decision-making. Trading to Win is for professional and amateur traders of every stripe who are looking for insight into their own behavior and approach to the markets. --Harry C. Edwards From the Publisher Virtually every top trader and investor attributes their success to a strong mental capacity and the ability to master their emotions. Even the best "system" can prove disastrous if the trader or investor doesn't have the ability to stick to their strategy. Yet, holding fast to a strategy can be extremely difficult while immersed in the trading game, since in essence, the mind seems to conspire against itself more than ever while in this milieu. The Psychology of Trading presents a step-by-step, goal-oriented approach to trading that emphasizes ways to keep emotions in check, overcome self-doubt, and focus clearly on a winning strategy. This new approach to trading has been developed by a leading psychiatrist, with expertise in sports psychology, and practiced by a top stock trader. While a plethora of books, seminars, and consultants address this vital area, no program has yet been developed by a trader and a psychiatrist. This is a proven approach, and it is outlined in an accessible and concise manner in the book. See all Product description
A**E
Thumbs up!
Good read, very informative!
C**S
Four Stars
A useful guide to the mental side of trading.
A**R
Great book for the psychology aspect of trading
I bought this book despite it's high Kindle price. I liked the discussions on how to really try to experience the trades I make, especially how I feel right leading up to and after a trade. Those feelings are typically some anxiety, and needing the market to do something positive to help alleviate that anxiety was worth working on. Understanding how maintaining my emotional composure through every aspect of trading is so important, so that I can just do my job. Having "mistake-free" trades is more gratifying to my long-term goals than whether I make or lose money in the short-term. His discussions of meditating was something I skipped, as I do this anyways. Overall, it's a good book as a trading coach, as well as life coach. I felt it was worth the high price after reading it.
D**D
Psychology is the often overlooked intangible aspect of trading.
Because it is unquantifiable and generally misunderstood by most traders and investors, psychology is the often overlooked intangible aspect of trading. Unlike the precise mathematical formulas used in technical analysis, we cannot easily reduce human behavior to a mathematical equation that can be plotted on a graph as a trend line or as a series of variables that we can examine in detail throughout history.That said, much current research in the social sciences is attempting to bring psychology more in line with mathematics for the precision that it gives to experimental methods. Mathematical methods are applied to behavioral science for the purpose of observing and comparing human behavior according to a set of strict numerical criteria - the only stable benchmarks that allow comparison of behavior from person to person and from time to time
D**E
Just a rehashing of Corporate speek
No real good info for a trader.
K**T
Not sure I will ever finish
This book is out there (in space). I might try to learn this subject from Mark Douglas instead.
A**R
Five Stars
This is another book that I love, It conditions your mind to be ready to trade.
C**E
Five Stars
Very Good
F**M
Three Stars
Good reading...
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