Winning the Trading Game: Why 95% of Traders Lose and What You Must Do To Win

(3 customer reviews)

$22.13

Author(s)

Pages

302

Format

PDF

Publication Year

2008

Description

Winning the Trading Game by Noble DraKoln is a candid, insightful, and empowering guide for traders determined to rise above the statistics that doom most market participants. With brutal honesty and professional experience, DraKoln dissects why 95% of traders fail—not because of bad luck or weak systems, but due to psychological errors, poor discipline, and flawed risk management. This book is both a wake-up call and a blueprint for survival in the real-world trading arena.

Drawing on years of experience as a trader and mentor, DraKoln explains how the markets function as a complex psychological ecosystem where emotions—fear, greed, overconfidence—often override logic. He demonstrates how traders can build a personal framework of consistency, focusing on preparation, execution, and post-trade review rather than the false promises of shortcuts or “holy grail” systems.

The book emphasizes risk control, capital preservation, and mental resilience as the three pillars of longevity. DraKoln breaks down how professional traders think differently: they define their risk before entering any trade, measure outcomes by process rather than profit, and adapt to shifting market conditions without emotional interference. Each chapter is filled with practical tools, from journaling methods to risk-reward calculations, designed to help traders create their own business-like approach to the markets.

Unlike many trading guides that center on indicators or patterns, Winning the Trading Game delves into trader psychology, strategic planning, and self-mastery—the elements that truly separate winners from losers. DraKoln’s tone is both realistic and motivational, encouraging traders to take ownership of their decisions and treat trading as a professional discipline rather than a speculative hobby.

This is not a book about trading strategies—it’s a book about becoming a trader who lasts. By the end, readers understand that consistent profitability doesn’t come from prediction, but from process, patience, and purpose.

Whether you trade stocks, forex, futures, or options, Winning the Trading Game offers timeless lessons to help you build the mindset and structure required to thrive where most fail.

Contents:

  • The Need to Build Wealth
  • Money-Making Megatrends
  • What Type of Investor Are You?
  • The World of Futures and Forex
  • The Fallacy of Traditional Stock Investment Beliefs
  • How to Be Among the 5% Who Win at Trading
  • Becoming a Speculator
  • Lesson 1: Developing a Trading Plan
  • Lesson 2: Preparing to Speculate
  • Lesson 3: Choosing Your Technical Indicators
  • Lesson 4: Developing Tactics for Entering and Exiting the Market
  • Lesson 5: Analyzing Your Opponents and the Market
  • Lesson 6: Managing Risk
  • Lesson 7: Building Confidence
  • Getting Started (The Three-Month Plan)
Winning the Trading Game: Why 95% of Traders Lose and What You Must Do To Win By Noble DraKoln pdf
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3 reviews for Winning the Trading Game: Why 95% of Traders Lose and What You Must Do To Win

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  1. Cash Schaefer (verified owner)

    I am obliged to commend the author for his emphasis on the high failure rate of trading and the myth of the holy grail. However, I must criticize that it had not told what an aspiring/beginner trader must do to win as promised on the book title. The author had given plenty of fact why somebody got to “trade” and not only “invest”. The parts on the background information of various commodity/currency futures and the trading psychology were alright. Pity that the chapters on Technical Analysis and Risk Management are below par, in particular the former one. Oddly he only gave “definition” to some TA tools, such as MACD (and no stochastics, to my surpise), with no graphical illustration at all. Perhaps he preferred Moving Averages, RSI and Open Interest. Nevertheless, his illustration on Candlestick is even a little bit faulty. In short, if you have not read any trading book beforehand, you may find it okay. Otherwise, I strongly recommend you to give it a pass.

  2. Mavis Chan (verified owner)

    When I started trading business I was so confused about profit & loss. It took a long time to take a purchase or sale decision for me. But after do some trading I get my self confidence. But after reading this book, I am now self depended. There are many tips in this book, which make to take decision easily.

  3. Frank Medina (verified owner)

    Author stores a bit redundant

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