Trading to Win. The psychology of mastering the markets. Kiev A.

Что такое Форекс - Books about Forex, Trading, Stock Exchange
18.11.11 12:04
Название: Trading to Win. The psychology of mastering the markets.

Автор: Kiev A.

   If you want to learn how to be a super-trader, then closely examine the concepts in this book. It is based on a proactive trading program that has helped my firm, SAC Capital Management, LLC, grow from a S20-millioii hedge fund to one handling over $500 million annually after only five years.

    I have been trading the stock market for twenty years. Originally, I made my trading decisions by watching the ebbs and flows of the ticker tape. I knew very little of the fundamentals of the companies I was trading and based my decisions on the tape action. Later, as I refined my art. I began to combine it with a deeper understanding of the fundamentals of the underlying companies, the industries, and the general market trends.
I have worked with and met many traders in my life. Most combine some form of chart reading, tape analysis, and/or fundamental analysis to make their decisions. The super-traders, though, share certain common traits that supersede whatever discipline they might pursue. They are totally committed to their own particular style and demonstrate complete conviction when trading. Because of this conviction they are able to take large financial risks and have the confidence and belief that probability is on their side. They also have the ability to admit their mistakes and minimize their consequences-that is, losses-when they are wrong. They are independent and think for themselves; they are not easily influenced by others. Most traders, surprisingly, are not like that: They are indecisive, lack conviction, and are afraid of taking risks and making mistakes. They are unaware of the personal demons that are holdina them back from true success.


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