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<!-- google_ad_section_start -->The Psychology of Risk by Ari Kiev<!-- google_ad_section_end -->
The Psychology of Risk by Ari Kiev
Published by Soultrader
10-02-2006
The Psychology of Risk by Ari Kiev

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.
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Author review
Trading Wisdom
60%60%60%
3
Insightful
60%60%60%
3
Unique Content
60%60%60%
3
Worth the Price
40%40%40%
2
Average 55%

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By tab321 on 10-02-2006, 06:04 PM
Re: The Psychology of Risk by Ari Kiev

Thanks for the tip on this book
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By Dr Who on 01-10-2007, 10:54 PM
Re: The Psychology of Risk by Ari Kiev

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.
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By Reaver on 10-22-2007, 08:52 PM
Re: The Psychology of Risk by Ari Kiev

Thanks for the info James. I was looking at this the other day but may hold off.
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By jessechan on 10-23-2007, 01:10 AM
Re: The Psychology of Risk by Ari Kiev

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.
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By Reaver on 10-23-2007, 01:20 AM
Re: The Psychology of Risk by Ari Kiev

Douglas' book is good..but a little "out there"....
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By jessechan on 10-23-2007, 03:03 AM
Re: The Psychology of Risk by Ari Kiev

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Douglas' book is good..but a little "out there"....
Any suggestion? Thanks.
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By Reaver on 10-23-2007, 03:14 AM
Re: The Psychology of Risk by Ari Kiev

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Any suggestion? Thanks.
A few years of military service works best.
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By jessechan on 10-23-2007, 03:22 AM
Re: The Psychology of Risk by Ari Kiev

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A few years of military service works best.
you mean "Unleash the Warrior Within"
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By Reaver on 10-23-2007, 01:10 PM
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you mean "Unleash the Warrior Within"
I thumbed through that once and it looked pretty good...but no book can replace the fun of spending 4 years working for Uncle Sam. lol
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