[Soultrader]

A mediocre book dealing with trading psychology. Ari Kiev advises traders to deal with emotions. Emotions are a part of human nature and it is impossible to eliminate emotions completely. Therefore, it is best to understand how emotions affect our trading behavior and do our best to control it.
Overall, I found this book rather simple. I was not satisfied by the material covered in the book. Alot of the content is nothing new and redundant. Perhaps traders may find his first book better.

[tab321]

Thanks for the tip on this book

[Dr Who]

I really liked this book. It helped me understand some important risk perspectives. Most pertinent would be the ability to risk on a win not a loss. Most hold and risk on a loss - human nature. But this book helps with the issue of risking for a win and increasing that risk when it is winning. Picking an objective profit target and risking to get that as opposed to being scared to risk because of the inability to take on risk mentally.
It is one of my favourite books.

[Reaver]

Thanks for the info James. I was looking at this the other day but may hold off.

[jessechan]

Can Soultrader or some other members recommend some good books on trading psychology? The ones that I like most so far are:

a. Mark Douglas: Trading in the Zone
b. Steenbarger: Enhancing Trader Performance
c. Larry Phillips: Zen and the Art of Poker
d. Roosevelt: Exceptional Trading

Btw, heard that Jim Paul's "What I Losing A Million Dollars" is an excellent read, however, it's out of print and only available at very high prices.

Thanks.

[Reaver]

Douglas' book is good..but a little "out there"....

[jessechan]

Originally Posted by Reaver »

Douglas' book is good..but a little "out there"....

Any suggestion? Thanks.

[Reaver]

Originally Posted by jessechan »

Any suggestion? Thanks.

A few years of military service works best.