How do the world's most successful traders amass tens, hundreds of millions of dollars a year? The results are in this groundbreaking book that will help you become like these winning traders. Are they masters of an occult knowledge, lucky winners in a random market lottery, natural-born virtuosi—Mozarts of the markets? A few of the 'Wizards' are my friends—and Jack Schwager has nailed their modus operandi on the head. He has subspecialty training in psychosomatic medicine and was taught how to use and interpret the world's foremost personality test, the NEO PI-R, by one of the co-inventors of the tool.
But when push comes to shove, the glue that binds them is your emotional state at any given time.
When things go south, the best trading system will collapse like a house of cards--if you allow it to. The Mental Edge in Trading provides the tools you need to ensure this never happens to you by helping you understand and use your emotions when it counts most. It's the key to long-term trading success. Until now, no other book has provided a practical, detailed method for achieving the mental edge in trading.
The Mental Edge in Trading explains the immutable relationship of human thought, emotion, and behavior and reveals how to: Determine if you should be a systems or discretionary trader Conquer you underlying fear of risk by understanding where it comes from Calm innate anxieties before you start your trading day Use optimism as a "tool" for profitability Remain vigilant as to why you are placing each and every trade This complete trading-improvement tool gives you the information you need to determine and improve your personality traits, discover your dominant emotions, and use this information to adapt your behavior for more successful trading.
Lisateave Ahenda Teave autori kohta DR. He has subspecialty training in psychosomatic medicine and was taught how to use and interpret the world's foremost VAN K THARP Trading System test, the NEO PI-R, by one of the co-inventors of the tool. A few of the 'Wizards' are my friends—and Jack Schwager has nailed their modus operandi on the head.
Zweig, Ph. He is also an advisor to Marketopper, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm, which specialized in creating customized hedge fund portfolios for institutional clients, and also spent over twenty years as a director of futures research for some of Wall Street's leading firms.