Winning the Trading Game: Why 95% of Traders Lose and What You Must Do To Win
$27.39
Winning the Trading Game is a performance-focused trading psychology and execution framework built around a stark premise: the vast majority of traders fail not because of strategy complexity, but because of mindset, discipline, and risk mismanagement. Noble DraKoln approaches trading as a structured performance profession rather than a speculative hobby.
The book dismantles common myths about market success, particularly the belief that better indicators automatically produce better results. Instead, DraKoln argues that consistency stems from rule adherence, emotional control, and defined risk parameters. He emphasizes that most losses arise from impulsive execution, position oversizing, and deviation from pre-defined plans.
A central theme is personal responsibility. The author explains how traders often sabotage themselves through fear, greed, revenge trading, and overconfidence. Rather than focusing on technical setups, the book explores behavioral discipline, expectancy understanding, and capital preservation as the true foundations of sustainable profitability.
Risk management is presented as the core survival mechanism. Position sizing, drawdown control, and long-term capital thinking are repeatedly reinforced. DraKoln highlights the mathematical reality of losses and the importance of maintaining psychological stability during inevitable losing streaks.
This is not a chart-pattern manual. It is a structured examination of trader behavior, performance psychology, and the habits required to transition from amateur speculation to professional-level execution. For traders seeking internal transformation rather than new indicators, this book provides a direct and candid roadmap.
✅ What You’ll Learn:
- Why most traders fail despite having access to strategies
- How emotional discipline impacts trading performance
- How position sizing determines long-term survivability
- How to manage drawdowns without psychological collapse
- How to build rule-based execution habits
- How expectancy thinking replaces emotional decision-making
💡 Key Benefits:
- Strengthens psychological resilience in trading
- Improves risk control and capital discipline
- Reduces impulsive decision-making
- Builds consistency through structured habits
- Encourages long-term performance thinking
👤 Who This Book Is For:
- Traders struggling with consistency
- Market participants seeking psychological discipline
- Swing and day traders wanting improved execution control
- Individuals transitioning from hobby trading to structured practice
- Not suitable for traders seeking purely technical indicator strategies
📚 Table of 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
| Author(s) | |
|---|---|
| Product Type | Ebook |
| Format | |
| Skill Level | Beginner to Intermediate |
| Pages | 302 |
| Publication Year | 2008 |
| Delivery | Instant Download |
3 reviews for Winning the Trading Game: Why 95% of Traders Lose and What You Must Do To Win
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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.
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.
Frank Medina (verified owner) –
Author stores a bit redundant