Winning the Mental Game on Wall Street: The Psychology and Philosophy of Successful Investing
Winning the Mental Game on Wall Street can prepare an investor for the mental game of Wall Street—that is, the inner game the investor’s mind plays with itself as he watches Wall Street whir around. It would be unwise to underestimate the importance of mental attitude and preparation to successful investing and trading.
Introduction:
Be assured, the winning tennis player who has great conditioning, wonderful technique, great mechanical skills also possesses something
the average tennis player does not have—a different mind and attitude.
The same thing is true of effective traders. Through the careful study of and application of this book, in conjunction with The Technical Analysis of Stock Trends, the average investor can become an effective trader. This is eminently feasible given the thoughtful and mind clearing instruction of General Semantics.
Why is it, after all, that investing success on Wall Street follows Basso’s Fishing Rule? (Which is that 15% of the fishermen catch 85% of the fish.) It must be that the successful fisherman knows something the others don’t or has better equipment—perhaps a different mentality?
This is true–of the fisherman and of the tennis player and of the trader. Ipso facto the successful player, fisherman, trader manifests skillful behavior and thinking patterns, and the average player, fisherman, investor manifests unskillful thinking habits and behavior patterns.
In this book Magee lays out a clear path away from unskillful behavior and to a common sense mentality and method virtually assured of success in the long run.
Contents:
- THE BIG GAME
- OUT OF THE DARKNESS
- THE PRIMARY RECEPTORS
- A STARTING POINT
- DATING THE MAP
- THE 26 LEAD SOLDIERS
- THE PIGEONHOLES
- BEYOND THE WORLD OF THINGS
- THE MEANINGS WE ATTACH TO MAPS
- THE VAGUENESS OF THE HIGH ABSTRACTIONS
- THREE-VALUED ORIENTATION
- MULTI-VALUED SYSTEMS
- INFINITE-VALUED SYSTEMS
- PROFITS CAN BE PAINFUL, TOO
- PREDICTING THE FUTURE
- THE METHOD OF PREDICTION
- PUT THEM AWAY IN THE BOX AND FORGET THEM
- POLITICS AND ECONOMICS
