12 Habitudes of Highly Successful Traders
$11.35
| Author(s) | |
|---|---|
| Format |
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| Pages |
98 |
| Published Date |
2001 |
12 Habitudes of Highly Successful Traders, not only does the book show you how to think and what to think. It shows you how to do it. It gives specific techniques for making the essential mind shifts that enable you to create a mental advantage. Trading is, after all, mind over markets, quick action, clear thinking, and an unclouded intent to win.
Ruth Barrons Roosevelt, a futures trader and international psychological trading coach, shows traders how to manage emotions, resolve conflicts, divorce ego, discover and change limiting beliefs, and execute a winning system with confidence. Success leaves clues. Ruth interviews super traders Linda Bradford Rashke, Michael McCarthy, and Max Ansbacher. They talk extensively and openly about their experience and their own approach to trading. The book is a good read, interesting from beginning to end. Here’s what her colleagues say about it:
- Mark Douglas: True to its title, Ruth has done an exceptional job. Her explanations are clear and concise, but most of all I think some of her techniques are brilliant. Thanks for sharing, Ruth. This book is a real credit to the industry.
- Adrienne Toghraie: An exceptional psychological handbook for traders to identify and resolve some of the major issues which sabotage their discipline and therefore their success.
- Van K Tharp, Ph.D.: Commitment, Beliefs, Emotions, Conflict Resolution and the Environment are just a few of the many critical topics covered in Ruth Roosevelt’s interesting new book.
Contents:
- COMMITMENT TO TRADING EXCELLENCE
- WINNERS AND LOSERS: A PSYCHOLOGICAL PORTRAIT
- THE RELENTLESS POWER OF BELIEFS
- EMOTIONS: THE WELLSPRING OF TRADING SUCCESS AND FAILURE
- CONFLICT RESOLUTION
- CLARITY OF VISION AND MARKET ASSESSMENT
- IMAGINATION VERSUS WILL POWER
- UNCOUPLING YOUR EGO
- REPROGRAMING THE SOFTWARE OF THE MIND
- THE PHYSIOLOGY OF EXCELLENCE
- YOUR OFFICE
- THE CONFIDENT TRADER
12 Habitudes of Highly Successful Traders By Ruth Barrons Roosevelt pdf
8 reviews for 12 Habitudes of Highly Successful Traders
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Eugene Little (verified owner) –
Exselent book
Elora Bryant (verified owner) –
Good work for neophites and trading experts.
95 pages quite condensed but well written.
Emmalyn Frederick (verified owner) –
The presentation is done in 12 parts which are clearly presented in succinct clearly written prose – almost poetic. Some sections hit home really hard.
From this book, I got a whole bunch of aphorisms suitable for restating as affirmations which I put into a software program which makes the affirmations pop up on my computer all day long. It will never stop until I turn the software off!
Kase Bridges (verified owner) –
A lot is made of the cost of this book and yes, it is expensive. Let me tell you, if you are serious about trading and your career as a trader, this cost is nothing. The author has an amazing amount of great advice packed in the 100 pages and anyone of her 12 habitudes will allow you to earn many multiples of the cost of the book. That is adding value. In short, if you need a refresher as a trader or if you are getting started in this beautiful career, this book is worth it.
Bryant Salinas (verified owner) –
This book did not receive much press, and is short in length. However it is powerpacked with the information every trader or investor needs to keep their emotions out the the way of their trading decision. It took me many years to learn this, and this is the best book for the money on the psychology of trading. Although more expensive, the other excellent book I recommend on this subject is Mark Douglas TRADING IN THE ZONE, also available from Amazon. Both get my highest recommendation. I have been trading and investing since 1993, and they are the best I have seen or read. I purchased both of these top rated books, in my opinion, from Amazon.com because they have the best prices and widest selection.
Elyse Randolph (verified owner) –
Because the psychological element looms so large and has direct bearing on the outcomes of trading, it is necessary for anyone who trades to self-reflect upon their attitudes and habits and how such things affect the decisions they make in trading. Most of us are not good at clear and honest self-analysis, hence the existence of psychology as a profession, and even those of us who are pretty good at identifying and correcting bad habits sometimes need a refresher course. This book is very well written. I believe it should be required reading for several different groups of people: those just starting to get into trading; those who have been trading and are experiencing difficulties; and even those who are doing everything right should pick this book up – perhaps once a year or so – as positive reinforcement for things that might have gotten a little hazy during that time. I personally would not recommend any sort of “lengthier” or more involved treatment of the subject. A concise and clear book like this is sufficient.
The only thing I felt was a wee bit of a turn off was the author’s occasional interjection of what I tend to label ‘new age’ type therapeutic verbage. I’ve never been a fan of that. Fortunatey it is seldom here and does not detract from the overall benefit.
This is the only book I’ve read by Ruth Barrons Roosevelt and I can’t imagine that I would read anything else by her as this is already complete and thorough. In fact I think any “longer” discussion would probably muddle the issue and person would not benefit as much.
Harley Yu (verified owner) –
Well worth the time to read and the money. I will read again.
Jonah Keith (verified owner) –
This book clearly explains 12 habits you must develop to be a successful trader. These habits are developed through having the right attitude toward trading.
Preparedness-You must be prepared to trade, do not take trades with out the right thought put into the trade and methods applied to them.
Abundance consciousness-You must believe that there is plenty of money to be made in the markets, and you deserve to have your share.
Risk Taking-You have to take the right amount of risk for your profit goals but not put yourself in a situation of blowing up your account.
Thinking in Probabilities-You must trade in a way that gives you an edge in the markets. The odds should be in your favor.
Discipline-You must follow your own methods and strategies that give you that edge. Always follow proper psychology, risk management, and method.
Courage- You must have the ability to pull the trigger and make the trade. You can’t paper trade and back test systems forever.
Accept Loss-This is the most important habitude, you must decide what price will let you know you are wrong and sell to stop your losses when that price is hit. Not doing this can lead to the destruction of your account.
Comfortable with Uncertainty-You must understand that anything can happen at any time in the markets, and accept that.
Optimism-You must have a positive attitude when trading.
Open-Mindedness-You must be open to all possibilities, and be able to change styles and systems when markets change.
Long Term View-You have to understand that each trade is only one among hundreds
and that in the long term your systems and methods will be successful and you will profit even after draw downs in equity.
Detachment-You must keep your self worth and ego separated from your trading. You are not your trades. You will trade better if your life is balanced.
The book does a great job of explaining why each of these habits are essential to success and how they tie together in the way a trader must think. You can learn these principles the hard way through losing money and time trading with the wrong mindset or you can just read this book, believe the author and follow her good advice. This book is short and to the point, it does not waste a page or a sentence, I believe the price paid will be worth it to beginning traders or those that need to work on their trading psychology. The book is small but the principles it teaches are huge.