Books › Trading for a Living
Trading for a Living
First published 1993 · 289 pages
A stern but supportive masterclass in conquering the psychological demons of the financial markets.
What it feels like
Reading this book feels like sitting down with a stern but deeply supportive mentor who knows exactly how you are sabotaging yourself. It moves at a steady, deliberate pace, stripping away the glamorous illusions of day trading to reveal the gritty, psychological reality underneath. The mood is intensely focused and analytical, demanding that you look inward at your own fears, greed, and lack of discipline before you ever look at a stock chart. The prose is refreshingly direct, blending the clinical detachment of a psychiatrist with the street-smarts of a seasoned market veteran. It will delight readers who are tired of get-rich-quick schemes and are ready to do the hard, unglamorous work of mastering their own minds to achieve lasting success.
- Mood
- focused
- analytical
- grounded
- disciplined
- Tone
- authoritative
- pragmatic
- direct
- psychological
- encouraging
- Pace
- steady
- Themes
- emotional control · self-mastery · risk management · market psychology · overcoming self-sabotage
- The writing
- Clear, direct, and conversational, blending the insights of clinical psychology with hard-nosed financial pragmatism.
- The arc
- Moves from the chaotic anxiety of novice mistakes to a grounded, disciplined sense of self-awareness and control.
- Who it's for
- Aspiring and active traders who have realized that their biggest obstacle in the market is their own mind.
Content notes
- discussions of financial loss
- gambling addiction parallels
About the book
Describes the mindset of a successful trader, tells how to use computer analysis to find good trades, and explains how to manage a trading account so as to limit risk.
Description from Open Library.
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