Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Soultrader

The Psychology of Risk by Ari Kiev

Recommended Posts

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.:cool:

 

Thanks.

Share this post


Link to post
Share on other sites
you mean "Unleash the Warrior Within":doh:

 

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

Share this post


Link to post
Share on other sites
it's a pity that I don't have a chance to work for Uncle Sam

 

another good book not so related to trading superficially is:

 

The New Psycho-Cybernetics

 

Yes it is, but no big deal, there are some great books out there.

Share this post


Link to post
Share on other sites
Kiev's Trading to Win is a excellent book and has made things more understandable to me. That is fact to me.

That is the great, and frustrating thing about trading, different people can have diametrically opposed results from the same thing. I'll reserve final judgment until I finish the book.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.