Cover image for Trading to win : the psychology of mastering the markets
Title:
Trading to win : the psychology of mastering the markets
Author:
Kiev, Ari.
Personal Author:
Publication Information:
New York : Wiley, [1998]

©1998
Physical Description:
xii, 257 pages ; 24 cm.
General Note:
Includes index.
Language:
English
ISBN:
9780471248422
Format :
Book

Available:*

Library
Call Number
Material Type
Home Location
Status
Central Library HG4521 .K455 1998 Adult Non-Fiction Non-Fiction Area
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Summary

Summary

A breakthrough programfor achieving new heights of trading success

The product of a five-year collaboration between Dr. Ari Kiev, a leading psychiatrist renowned for his success with Olympic athletes, and top equities trader Steve Cohen, Trading to Win gives you the essential tools to overcome outmoded, self-limiting beliefs and mindsets that may be keeping you from a higher level of success. Illustrated with real market scenarios and applications, this powerful program will help psych you into a less stressful, more self-possessed mastery of the trading game and help you reach goals you may never have thought possible.

"The strategies in this book will unleash the hidden trader in you, and can substantially increase your trading profits." --Jay G. Goldman, Hedge Fund Manager.

"Ari Kiev has written a wonderful guide for money managers, traders, brokers, and investors alike. Sharing his thoughts with us regarding our behavior patterns enables us to take a step back and look at ourselves more objectively." --Seymour W. Zises, President and CEO, Family Management Corp.

The trading arena has produced its share of select "super-traders," market practitioners who set themselves apart from the rest of the field with one distinct advantage: mental and emotional toughness. Like outstanding athletes who stay focused, remain calm, and stick to their game plan, these master traders in this highly risky, highly competitive arena possess an edge that keeps them from being distracted by fear, self-doubt, greed, and other emotional components that can cause major losses and prevent gains from soaring to new highs.

Trading to Win presents a step-by-step, goal-oriented program for building the mental and emotional stamina not only to win, but to win on an unprecedented level. Created by a leading psychiatrist for a top trading firm, this proven approach spotlights a set of philosophical and behavioral principles designed to assist you in implementing proactive trading strategies, as well as developing the mindset needed to trade effectively in the realm of uncertainty. Delving into your underlying thought processes when you trade, Trading to Win enables you to understand what is motivating you, whether it is consistent with your game plan, and whether you are in any way sabotaging yourself.

Fully supplemented with real market trading scenarios, Trading to Win shows you how to apply key concepts where it counts--in actual trading room situations. For both professional traders and sophisticated investors, this remarkable program offers a rare opportunity for both personal and financial gain.


Author Notes

ARI KIEV, M.D., is a trading coach and management consultant to several trading firms in New York. He is the author of numerous books, including the highly acclaimed Transcultural Psychiatry: A Strategy for Daily Living and The Courage to Live. For the past five years he has collaborated with Steve Cohen in developing the trading program described in this book. STEVE COHEN is a leading equities trader who heads SAC Capital Management, LLC. Mr. Cohen has consistently been ranked in the top 20 traders by such leading publications as the Financial Times.


Table of Contents

Psyching Yourself for a Winning Career
Becoming a Master Trader
What the Best Traders Look Like
Centered Trading
Visual Imagery-Rehearsing Your Moves
Concentration-The Key to Preparation and Recovery
Putting Psychology Into Practice
100 Percent Commitment-Promising the Result and Expanding the Risk
Basic Trading Principles
Managing Risk and Other Advanced Trading Principles
Teamwork
Mastering the trading game
Dealing with Stress
Overcoming Common Mistakes
The Power to Change
Index

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