Exceptional Trading: The Mind Game
$16.86
Exceptional Trading is written to give traders a winning edge. Winning eludes some 80 to 90 percent of people who trade. Each year millions of dollars are spent creating and buying and selling trading systems. Hopeful traders seek the holy grail only to find that their latest acquisition doesn’t work or they can’t work it. Information flow is instant and vast. Computers calculate and grind out data 24 hours a day around the globe. Every conceivable edge is sought and provided. And still traders lose.
The rules for good trading are simple and understandable: Buy low, sell high, or buy high and sell higher. Sell low and buy lower. Cut your losses. Let your profits run. Never overtrade. Act promptly on signals to enter and exit. Trade a proven winning system or strategy as it was designed to be traded; i.e., take every signal and stay the course. Control and balance fear and greed.
But traders don’t follow the rules, not even the rules they commit to following. As the Book of Common Prayer says, “That which I would not do, that I do.” The prayer goes on to say, “And there is no health in me.” It’s a simple human condition which becomes quite large in trading. The good news is that some traders do win. They win consistently over time. Success leaves clues. This book examines the clues and shows traders seeking to win how to run their own minds the way winning traders do.
It’s not enough to simply know how to think or what to think. It’s important to do it. This book outlines proven techniques for making the necessary mind shifts that will enable a trader to create a mental winning edge. Trading is, after all, mind over markets, quick action, clear thinking, and an unclouded intent to win.
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
Exceptional Trading: The Mind Game By Ruth Barrons Roosevelt pdf
| Author(s) | |
|---|---|
| Format | |
| Pages | 206 |
| Publication Year | 1999 |
5 reviews for Exceptional Trading: The Mind Game
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Guillermo Parker (verified owner) –
An exceptionally good book. I would recommend it to anyone who wants to understand how psychology impacts upon their trading results, and who wants practical ways to improve their trading result.
Aubrey Kerr (verified owner) –
Ms. Roosevelt is a great writer and trader and this book, along with her other work in the trading field, is a true asset to the profession. I enjoyed this book but it does contain a lot of fluff. Thankfully, the pearls of wisdom more than make up for the lack of depth. I would suggest this book to any trader trying to improve the mind game of trading.
Arya Allison (verified owner) –
No trading is not a mind game, it is a winning system and you get no system here pal. What you get is motivation to seek a way to win but nothing of substance to improve your actual trading. I would not say don’t buy the book because it opens your mind to the fact that you can become a good trader. Becoming a money maker is about a winning system and you will not get it here. You have to learn the rules to the game and these are not them.
Louie Fisher (verified owner) –
The best of what’s out there, and a very good book it is. This is not a book on trading systems or money management. It is a book to enable the trader to improve his/her trading. All of us suffer from emotional blockages, many unconcious. It is the result of growing up in less than perfect homes. RBR offers a step-by-step approach to finding and dealing with the blockages the interefer with YOUR trading. Caps on “your” because RBR uses a paradigmatic rather than case-specific approach. Next best book so far is Tharp’s “Trade Your Way to Financial Freedom,” which, while good, is a distant second. Of course, if your computer finds the trades, places the orders and exits the trades, and all you do is have the broker send you a check every month, this book is of no value to you. I haven’t become that clever yet.
Dennis Camacho (verified owner) –
We all know the elements of successful trading. Some kind of Edge, sound Money Management principles and a disciplined, flexible Mind. The subject of trading psychology is perhaps the most neglected part of this master plan.
Van Tharp, Mark Douglas, Adrienne Toghraie and Carl-Gustav Gyllenram all have some interesting and highly educational books (and courses) dealing with this subject. However, I rank this as the best book on trading psychology I have come across.
In my work as a stock broker, I encounter winning and losing traders all the time. My experience is that most customers lose, on balance. It is an undisputed fact that losing traders have strikingly similar attributes. In general the losers remain losers because of the following facts:
1. They lack the necessary knowledge. 2. They fail to admit when they are wrong, ie they don’t use stop-losses. 3. They overtrade. 4. They have no mental discipline.
This book does not provide the reader with any useful information whatsoever regarding indicators, trading systems or elaborate theories regarding the markets. Rather, it provides some highly informative, thought-provoking pages about your biggest enemy in the market… …yourself.
I do not recommend that you read this book. Rather, I recommend that you work your way through it with an open mind. Digest it as you search your soul for those unpleasant truths about your trading, your life, and yourself.
I promise you that it will be one of the most profitable learning experiences that you will ever find…