The Mental Strategies of Top Traders
Home > Business and Economics > Finance and accounting > Finance and the finance industry > Investment and securities > The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success(Wiley Trading)
The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success(Wiley Trading)

The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success(Wiley Trading)

|
     0     
5
4
3
2
1




International Edition


About the Book

An honest depiction of the challenges of trading and a clear explanation of what it takes to succeed Trading tends to be a winner-take-all activity where a small number of traders are very successful, while the majority either lose money or generate relatively small profits. In The Mental Strategies of Top Traders, author Ari Kiev identifies and analyzes the characteristics of successful traders and shows you how to cultivate these same characteristics. Successful trading, Kiev asserts, requires an unusual and sometimes contradictory blend of intellectual and psychological abilities, including the willingness to take risks, but in a very controlled manner; the discipline to develop high-conviction trading ideas in the face of unpredictable markets and incomplete information; as well as a strong drive to win, but also accept failure. Here, you'll discover how to achieve all this, and much more. Provides advice and solutions for traders struggling with today's volatile and stressful markets Authoritatively identifies key mental strategies of top traders Written by Ari Kiev, a highly respected figure in the professional trading community Analysis is supported by comments from contemporary traders and portfolio managers, many of whom struggled with the markets of 2008 Designed with the serious trader in mind, this book will put you in a better position to excel in today's tumultuous markets.

Table of Contents:
Acknowledgments xi Introduction 1 CHAPTER 1 Intellect, Instinct, and Guts: Understanding the Psychological Profile 7 A History of Success 14 The Ability to Take Risk 15 Creativity and Originality 16 Self-Awareness, Self-Control, and Resilience 17 Teaching Traders Self-Assessment and Self-Control 18 Teamwork and Leadership 19 Putting It All Together 21 Case Study on Finding the Right Candidate 21 Job Requirements 21 Potential Candidates 22 The Bottom Line 25 The Perfect Candidate? 26 Chapter in Review 27 CHAPTER 2 Planning for Action: The Importance of Goal-Directedness 29 Making a Plan 30 Case Study on Setting a Goal 31 Case Study on Having a Variant Perception 35 Personality Factors and Goal-Setting 42 Recognizing Goal-Directed Individuals 44 Case Study on Recognizing Goal-Directedness 47 Fred’s Strengths: The Three Cs 47 Fred’s Weaknesses: The Three Is 48 Goal-Directedness in Turbulent Times 50 Own Your Stuff 51 Review the Game Films 51 Switch Gears? 52 Be Realistic 52 Stay True to Your Strengths 52 Maintain Focus 53 Chapter in Review 54 CHAPTER 3 ‘‘Fire in the Belly’’: The Ability to Take Appropriate Risk 57 A Picture of Successful Risk Management 57 Trading Philosophy 59 Handling Drawdowns 59 Head versus Heart 60 Reviewing Risk Statistics 60 Examining Personality Factors 63 Learning to Upgrade Your Performance 71 Chapter in Review 77 CHAPTER 4 Thinking Outside the Box: The Importance of Ingenuity 79 Case Study on the Satisfaction of Creative Thinking 80 The Strategic Thinker 81 Case Study on Learning to Be Creative 82 Idea Construction 88 Developing a Variant Perception 88 Case Study on Creative Thinking 89 Idea Evaluation Checklist 92 Defining Expectational Analysis 94 Case Study on Knowing the Business 95 Case Study on Expectational Analysis 100 Raising Your Conviction 103 Idea Velocity 105 Idea Timing 105 Idea Completion 106 The Psychological Dimension 109 Case Study on Communicating Effectively 111 Chapter in Review 114 CHAPTER 5 Separating Emotions and Decisions: The Ability to Be Self-Aware 117 Case Study on the Emotion of Drawdowns 118 The Source of Fear 121 Case Study on Trading Stress 123 Self-Esteem and Self-Discipline 125 Learning from Drawdowns 128 Case Study on Self-Assessing During Drawdowns 129 Getting Comfortable with the Uncomfortable 131 Case Study on Being Comfortable with Discomfort 132 Teaching Traders Self-Assessment and Self-Control 136 Managing Stress Well 136 Chapter in Review 140 CHAPTER 6 Nurturing Team Players: Listening, Learning, and Working Together 143 Characteristics of a Team Player 144 Responsible 144 Positive and Encouraging 145 Competitive 148 Coachable 149 Finding Complements to Your Team 151 Case Study on a Comparison of Traders 153 The Importance of Communication 155 Chapter in Review 159 CHAPTER 7 Leadership: Directing Success 161 Empowering a Culture of Change 162 Case Study on Creating a Culture of Change 162 Encouraging Responsibility 171 Case Study on the Challenges of Responsibility 173 Exploring Potential Leaders 176 Case Studies on Finding Potential Leaders 177 Endeavoring for Success 183 Case Study on a Failure to Lead 184 Chapter in Review 189 Index 191


Best Sellers


Product Details
  • ISBN-13: 9780470509531
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Height: 231 mm
  • No of Pages: 208
  • Returnable: N
  • Spine Width: 20 mm
  • Weight: 386 gr
  • ISBN-10: 0470509538
  • Publisher Date: 19 Jan 2010
  • Binding: Hardback
  • Language: English
  • Returnable: N
  • Series Title: Wiley Trading
  • Sub Title: The Psychological Determinants of Trading Success
  • Width: 158 mm


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success(Wiley Trading)
John Wiley & Sons Inc -
The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success(Wiley Trading)
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success(Wiley Trading)

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept

    New Arrivals

    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!