Rating: Summary: A So-So Book Review: I am a professional day and swing trader. I didn't find this book to be particularly helpful because of the disorganized way in which it was written. Also it offers so many rules and guidelines that it is confusing to one as to which is more importnant. The author also tries to impress one with the profit size of his "students", throwing around figures like $20,000 to $30,000 in profits a day that his students or clients generate. I agree with another reviewer that these for the most part is meaningless as one needs to figure return on assets to really judge how well one is doing. I have read a much better book on trading psychology and this one really analyses why we make the mistakes so common in trading. Getting to the root of the problem has helped me to improve my trading. I am now in my third year in this business and hope to be in it for a lifetime.
Rating: Summary: The Book of Platitudes Review: I bought this book expecting to gain some insights into the psychology of trading. I received one big insight: Don't just research the markets - research books about the markets before buying! Mr. Kiev entreats us to: "Find your weaknesses and eliminate them... Seek your psychological stumbling blocks and overcome them... Determine what restrains you from trading freely and well - and cast these things aside..." And so on -ad infinitum; ad nauseum. Step two - the next logical step - the "How" to do these things is not a part of this book. Perhaps the author will publish a sequel: "Ari Makes Even More Money." Please do not buy this book.
Rating: Summary: Excellent Review: I feel that this book would be an important addition to any trader's bookshelf. This is a book about committment and discipline and taking both of these issues very seriously. It is about focus and confronting the "fatal flaws" inside of every trader. In my case, it has helped me to identify the enemy. The enemy, in trading, is ultimately always one's self. It is about confronting fear in its many manifestations. For me, identifying my "fatal flaws" has allowed me to take action and confront them. You can not defeat an enemy if you don't know who the enemy is. Dr Kiev, I believe, will help you identify the areas in your trading that are holding you back from becoming a better trader, perhaps a much better trader. This book has definitely helped me attain a deeper understanding of myself and I believe that it can do so for any trader. I heartily recommend it.
Rating: Summary: insightful,realistic viewpoints of what traders go thru Review: i found dr.kievs' book to be insightful and well versed in what it takes for equity traders to master themselves and their trading habits to transform into more efficient,more profitable traders. there are many examples of what traders go thru on an emotional level and some real risk management methods. dr.kiev gets right to the point.
Rating: Summary: Can't seem to find the "zone" on this one. Review: I had a very difficult time with this book. The author contradicted himself so many times. One chapter he was saying do not hold on to losing positions then in the very next chapter he says you must learn to release your losing positions. I just couldn't follow him at all. However, out of the whole book he did make one good recommendation and that was to take emotion out of your trading.
Rating: Summary: Very insightful and tremendously useful Review: I have always been an emotional trader. As a floor trader I was able to get away with this--even thrive on my instincts and emotions. But now that I'm trading off the floor, I have been forced to look at things differently. Trading to Win has been an excellent resource in tapping into my trading psychology. Many of the ideas have not only had an impact upon my trading but in other aspects of my life as well. Truly a phenomenal book.
Rating: Summary: Don't start trading without it. Review: I have two copies of Trading to Win; one I lend to my traders, and one I keep for myself. I have been involved in running a professional trading firm for the past three years. At first, there were only a handful of books to help an individual transition from active investing, to trading. These days, it seems, there is a new title introduced every few days. I look at the majority of these books, and few are worth reading from cover to cover. Trading to Win is an exception. This book deals with the psychology of trading in a more thorough way than any book I've read. As insightful as Elder's Trading for a Living, with more detail on the psychology of winning, and a more updated perspective. Ari Kiev takes his readers through a step-by-step process, showing them how to build their personal psychologies and become "master traders". He compares trader training to the training of Olympic athletes in a way that is accurate and interesting to read. There are numerous questions and quizes in the book, designed to keep readers on track while creating their personal psychological strategies. Bottom line: In order of importance, your average trader usually puts psychology far behind trading technique. If he worked more on understanding and developing the motivations that governed his trades, maybe he wouldn't be so average. Buy the book and plan on reading it numerous times.
Rating: Summary: Great book, but difficult to read Review: I like this book, but it's long-winded. On my second read, I read part 3 and skipped parts 1 & 2. Still a great read.
Rating: Summary: If you want to grow as a person and trader,READ THIS| Review: I've worked with Ari Kiev for over 5 1/2 years > I have found his work with me to be constructive, goal oriented and highly successful. Follow his suggestions, and you will amaze yourself at the results you will achieve. Mark Mehl
Rating: Summary: Better Value in the Psychology Section Review: If you need motivation and inspiration and want to develop some mental techniques, go to the psychology section and buy something written by the proven winners like Anthony Robbins, Jose Silva, Dennis Waitley. They are a better value for your book buying dollars. There is not enough material in this book which is specific only to trading, which is not applicable to other areas of your life.
|