The Psychology of Risk by Ari Kiev

[Soultrader 12]

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 10]

Thanks for the tip on this book

[Dr Who 10]

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 10]

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

[jessechan 10]

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 10]

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

[jessechan 10]

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

 

Any suggestion? Thanks.

[Reaver 10]

Any suggestion? Thanks.

 

A few years of military service works best.

[jessechan 10]

A few years of military service works best.

 

you mean "Unleash the Warrior Within":doh:

[Reaver 10]

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

[jessechan 10]

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

[Reaver 10]

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.

[Minetoo 10]

Currently reading Kiev's Trading to Win. As soon as I touched this book my trading has been a mess. Coincidence?

[namstrader 10]

Kiev's Trading to Win is a excellent book and has made things more understandable to me. That is fact to me.

[Minetoo 10]

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.