Trading to Win: The Psychology of Mastering the Markets (Wiley Trading)

good book for traders, it trains your mind to fit in using adaptive strategy. Recommended for all traders. Some of the book is not really as useful as it seems. A breakthrough programfor achieving new heights of trading success The product of a five-year collaboration between Dr. Ari Kiev, a leading psychiatrist renowned for his success with Olympic athletes, and top equities trader Steve Cohen, Trading to Win gives you the essential tools to overcome outmoded, self-limiting beliefs and mindsets that may be keeping you from a higher level of success. Illustrated with real market scenarios and applications, this powerful program will help psych you into a less stressful, more self-possessed mastery of the trading game and help you reach goals you may never have thought possible. "The strategies in this book will unleash the hidden trader in you, and can substantially increase your trading profits." --Jay G. Goldman, Hedge Fund Manager. "Ari Kiev has written a wonderful guide for money managers, traders, brokers, and investors alike. Sharing his thoughts with us regarding our behavior patterns enables us to take a step back and look at ourselves more objectively." --Seymour W. Zises, President and CEO, Family Management Corp. The trading arena has produced its share of select "super-traders," market practitioners who set themselves apart from the rest of the field with one distinct mental and emotional toughness. Like outstanding athletes who stay focused, remain calm, and stick to their game plan, these master traders in this highly risky, highly competitive arena possess an edge that keeps them from being distracted by fear, self-doubt, greed, and other emotional components that can cause major losses and prevent gains from soaring to new highs. Trading to Win presents a step-by-step, goal-oriented program for building the mental and emotional stamina not only to win, but to win on an unprecedented level. Created by a leading psychiatrist for a top trading firm, this proven approach spotlights a set of philosophical and behavioral principles designed to assist you in implementing proactive trading strategies, as well as developing the mindset needed to trade effectively in the realm of uncertainty. Delving into your underlying thought processes when you trade, Trading to Win enables you to understand what is motivating you, whether it is consistent with your game plan, and whether you are in any way sabotaging yourself. Fully supplemented with real market trading scenarios, Trading to Win shows you how to apply key concepts where it counts--in actual trading room situations. For both professional traders and sophisticated investors, this remarkable program offers a rare opportunity for both personal and financial gain. Zen Buddhism, yoga and single-minded dedication to stock trading come together in psychiatrist Ari Kiev's examination of super traders, those stock market Olympians who, without particularly wanting to make money, pull in millions in trading profits. Kiev offers advice to professional, institutional traders and to those trading to build or supplement personal finances. His writing style is simple, with short, encouraging paragraphs and some repetition of ideas. He intersperses his checklists with numerous anecdotes and profiles of traders. Kiev discusses subjects that technical finance and how-to trading books don't often treat - especially inner dialogue and emotions, and the use of Eastern meditation practices to facilitate trading. getAbstract recommends his 1998 classic to traders and to those who are considering trading 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.