Trading to Win
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 advantage: 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.
Format:Hardcover
Language:English
ISBN:0471248428
ISBN13:9780471248422
Release Date:October 1998
Publisher:John Wiley & Sons
Length:272 Pages
Weight:1.22 lbs.
Dimensions:1.0" x 6.3" x 9.3"
Customer Reviews
5 ratings
Read it ! A Gold Mine of Skills needed to become A Master
Published by Thriftbooks.com User , 18 years ago
The Trading profession is a tough one because there is not 1 school that teaches it per say. So being only about 300 to 400 good books on trading. You need to get a bit from each and discard the rest. There are a few but very valuable pieces of information that can be applied in this book. Just because 80% of the content of a book does not apply to you does not make it bad , you have to be objective and open in your assessments. If you are a trader and want to be a Master Trader then this book is really for you. I personally only trade futures at the moment so all of the Stock examples did not really apply to me. But that does not make the book bad, there are little gems in there you will seem them sparsely around the book specially in Part 1 and Chapter 12 Chapter 12 is worth the price of the whole book on its own !! At the beginning of the book there is some really good content on behaviour modification for traders the chapters at the start of the book are worth the price of the book in it self. No book is ever the perfect book for you unless you wrote it yourself. You need to get bits and pieces from here and there and make your own. If you like Mark Douglas's "Trading in the Zone" then you will love this book. This is an absolutely excellent book, but all of the goods are in 20% of the text.
A "how to" on Life.....oh, and trading too.
Published by Thriftbooks.com User , 23 years ago
If you've read any books on zen or books like the The Inner Game of Tennis and came away with a little something extra then this book will fit perfectly into your library of READ books. For me, it was really a book about trusting your yourself, your gut, trusting your feal and not getting sidetracked by the conscious brain, anxiety, down days, trusting the work you've put into something, understanding your anxiety, not running from your fears, but rather coddling them, and not letting them run your decision making process. Yes, it's a 'how to' for trading, but its also something a little more intelligent (useful for the real world too). By reading this book, you put your faith in Ari and his successful devotees such as Steve Cohen (forward) who have been incredibly successful in trusting their feal and you learn to trust yourself. Yes, some people have better feal than others. But, what trade to win tries to impress that will help you get closer to victory is that its the trusting yourself (not getting sidetracked), visualizing, taking calculated positions-not gambling, setting realistic/yet stretch goals that help you steadily build up your success rate (applicable really to anything, not just trading). Put it this way, I found so much of value in this book on trading, analysis, and life, that the book is totally marked up and I'm probably going to HAVE to buy another copy. Really worth while for amateur traders, pro traders, non-traders, portfolio managers and analysts alike, and anybody for that matter.
One of the best books on trading psychology available.
Published by Thriftbooks.com User , 25 years ago
This book has not only helped me to manage slumps better, but it also has helped me to be more aggressive when I'm hot. It doesn't get into psychoanalytic mumbo jumbo. It merely gives you a plan to change the way you think. In the year that I've read it, my confidence level has gone through the roof, as has my income.
Unique and insightful compendium.
Published by Thriftbooks.com User , 25 years ago
As the former risk manager at SAC, and someone who has both collaborated and co-authored written materials with Dr. Kiev, I feel it is somewhat unfair to offer a direct review of this book. However, I can tell you that I feel strongly about many of the concepts that Dr. Kiev espouses, and have witnessed their positive impact on traders of broad and diverse skill levels, objectives and trading styles.In order to maximize profitability in the markets, I believe it is essential to have a thorough and perpetual understanding of the inputs to your successes and failures, as defined in terms of external factors such as market conditions, characteristics of position selection, trading sizes, executions relationships, holding periods, etc. but also with respect to such "intangibles" as identifying your fears and other obstacles to efficient decision-making. This book provides a useful framework for carrying forward with these exercises.In addition, I believe that Dr. Kiev, through his organized yet anecdotal style, has created a work that conveys its essential messages in an entertaining and literary matter. I urge those interested in the markets to pick up a copy. If you don't agree with all of the concepts, at least it will get you thinking about them.This, from my perspective, is a very good thing.
Don't start trading without it.
Published by Thriftbooks.com User , 26 years ago
I have two copies of Trading to Win; one I lend to my traders, and one I keep for myself.I have been involved in running a professional trading firm for the past three years. At first, there were only a handful of books to help an individual transition from active investing, to trading. These days, it seems, there is a new title introduced every few days. I look at the majority of these books, and few are worth reading from cover to cover. Trading to Win is an exception. This book deals with the psychology of trading in a more thorough way than any book I've read. As insightful as Elder's Trading for a Living, with more detail on the psychology of winning, and a more updated perspective. Ari Kiev takes his readers through a step-by-step process, showing them how to build their personal psychologies and become "master traders". He compares trader training to the training of Olympic athletes in a way that is accurate and interesting to read. There are numerous questions and quizes in the book, designed to keep readers on track while creating their personal psychological strategies. Bottom line: In order of importance, your average trader usually puts psychology far behind trading technique. If he worked more on understanding and developing the motivations that governed his trades, maybe he wouldn't be so average.Buy the book and plan on reading it numerous times.
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