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Trading to Win : The Psychology of Mastering the Markets

Trading to Win : The Psychology of Mastering the Markets

List Price: $45.00
Your Price: $28.22
Product Info Reviews

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Rating: 5 stars
Summary: "A must read"
Review: "Trading to Win" is a must read for traders of all levels. By using many different traders as case studies, Dr. Kiev enables the reader to identify w/ different trading scenarios he/she may have encountered in the markets. Furthermore, this book teaches you how to maximize your ability to exercise control in volatile markets. "Trading to Win" is an excellent tool for all traders and should be used as a reference not once, but many times.

Rating: 1 stars
Summary: Mediocre
Review: After you get passed all the hyped up reviews there is the book and that in essence is the problem.It is very mediocre and not nearly as good as some of the classic trading psychology books.

Rating: 5 stars
Summary: Overflowing with outstanding advice
Review: An excellent and thorough tool, brimming with invaluable advice for improving your trading from an experianced advisor to leading hedge funds. Indeed the book is a guide on how to succeed in a great many endevours, not just trading.

Rating: 5 stars
Summary: A Very Profitable Experience
Review: An extremely insightful review of the experiences and mental stategies of successful traders. Increase your success and profitability by employing Dr. Kiev's tactics, derived from years of close association and work with winning traders. Great real life stories too!

Rating: 4 stars
Summary: The Softer Side of Trading
Review: Ari Kiev's book Trading to Win might seem like just psycho-babble to some traders. That is odd, given that some of these same critics are devout followers of technical analysis, which premises that psychology factors firmly into market movements. Why then is it such heresy to believe that you can improve the performance of a trader by working on his psychology?

It is not a strange concept to Steve Cohen, who hired Ari Kiev as a "trading coach" for his hedge fund S.A.C. Kiev, who was profiled in Jack Schwager's Stock Market Wizards , teaches that traders need to stretch themselves in the goals they set. They also need to eliminate the negative thinking that prevents them from reaching those goals. Much of Trading to Win is thus actually "common sense" (as is most psychology, it seems), but sometimes it is useful to hear someone reiterate sound principles.

One principle for which critics have taken Kiev to task is his suggestion that traders should set or raise their profit goals, which seems like a veritable "no no" from a risk management perspective. The criticism misses the fact, however, that Kiev is really saying that raising your performance goals means raising your work ethic. What are you going to do to raise your game? Squeezing out extra percentage points of return requires getting onto the trading floor hours earlier (or hours later) than you normally would-and researching companies more assiduously on paper or by working the phones harder. Moreover, Kiev actually recommends stricter risk management through such time-tested techniques as understanding your reasons for each trade, as well as the setting of target entry and exit prices. He also wants you to figure out if fears and doubts are keeping you from cutting your losses and riding your winners.

This book is clearly not for everyone; it is easily too "touchy feely" for traders concerned solely with the quantitative or more tangible aspects of trading. Kiev also tends to float heavily from topic to topic, often without a clear path. But for those traders who wonder how "fixing their heads" might result in greater success, Trading to Win is definitely worth a read.

Rating: 5 stars
Summary: Most informative book on maximizing trading profits
Review: As a trader at S.A.C. Capital Advisors, I can say with certainty that this book, "Trading to Win", will absolutely benefit anyone who trades the market for a living or for fun. I have taken my own trading to a new level using the techniques that Dr. Kiev embraces.

Rating: 5 stars
Summary: Unique and insightful compendium.
Review: As the former risk manager at SAC, and someone who has both collaborated and co-authored written materials with Dr. Kiev, I feel it is somewhat unfair to offer a direct review of this book. However, I can tell you that I feel strongly about many of the concepts that Dr. Kiev espouses, and have witnessed their positive impact on traders of broad and diverse skill levels, objectives and trading styles.

In order to maximize profitability in the markets, I believe it is essential to have a thorough and perpetual understanding of the inputs to your successes and failures, as defined in terms of external factors such as market conditions, characteristics of position selection, trading sizes, executions relationships, holding periods, etc. but also with respect to such "intangibles" as identifying your fears and other obstacles to efficient decision-making. This book provides a useful framework for carrying forward with these exercises.

In addition, I believe that Dr. Kiev, through his organized yet anecdotal style, has created a work that conveys its essential messages in an entertaining and literary matter. I urge those interested in the markets to pick up a copy. If you don't agree with all of the concepts, at least it will get you thinking about them.

This, from my perspective, is a very good thing.

Rating: 2 stars
Summary: Ho-Hum
Review: Dr. Kiev hits all of the "should's and should not's" but it is still hard to differentiate in the heat of a trading day. It's much like pro football, plenty like to criticize the coach and team on Monday morning if the team loses but, they are heroes if they win. This book hits me like that. The psychology is trading is a warranted topic. Traders can make bad trades which orginiate from their psyche. OK. I am still searching for a book that can tool me for being a master trader. Sorry, this one did not do it for me.

Rating: 2 stars
Summary: A contrarian view: Much hype, little info.
Review: Dr. Kiev's book should be entitled:

"(Fill in the Blank) to Win".

One could substitute "Shopping", or "Collecting" or "Tennis" for the word "Trading" and this book wouldn't be very much different in its content or approach. It is reminscent of a plethora of self-psych courses one sees so intensly advertised on cable TV and in certain periodicals.

I don't mind motivational books. They can be quite helpful. As a trader who is considerably below the "$300,000 profit per month trader" Dr. Kiev so glibly uses as one of his examples, I found the book full of hackneyed cliches about successful attitudes overcoming all. In your dreams, maybe.

Rating: 5 stars
Summary: Terrific and sensible advice
Review: Finally, I found a book that tells WHY we do what we do when we trade stocks, rather than give us mechanical trading advice, and then tells how to correct bad, destructive old habits. If you pay attention to the psychology involved in trading, as explained so clearly by Dr. Kiev, I think anyone can apply his advice to one's own style, see one's mistakes and one's good points, and recognize how to deal with "down" days as well as "up" ones. Besides, when you start to think about his suggestions on analyzing one's own approach to trading, you see that it applies to other areas of life, too. This is a remarkably sensible and readable book.


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