Investment Psychology Explained: Classic Strategies to Beat the Markets

Rating:
Summary: a series of chatty essays
Review: the book describes events without giving a clear cut advise. a good bed-time story book but useless for serious investors

Rating:
Summary: A solid introduction for beginners
Review: This book provides an excellent starting point for anyone interested in investing from a market psychology point of view. The author describes the impact of company announcements, mergers and world events on the market and how an investor can take advantage of these situations. The author also informs the reader how to evaluate his own psychology and design a winning investment strategy based on his own needs.

Rating:
Summary: Good read but not very useful for beginners
Review: This book utilizes the historical events of various markets (mostly the US stock market) to explain various behaviours of market participants. The information is concise and each chapter deliver its points clearly. Part 3 of the book even list the trading rules of various well known authors/traders so that the readers can feel the importance of discipline as these well known individuals have to list a set of rules to remind themselves what not to do.
One thing I do not like are quoted results from research on trader psychology. The conclusions mentioned do not really sound very scientific nor making any sense. e.g. only "successful" traders are studied and conclusion is made without mentioning any similar study to prove such quality do not exist on "unsucessful" traders.
Overall, this is a good read for someone who already have experience in trading the market and would like to start learning something about the psychology aspect of trading. It will not be useful at all for a beginner who has not experience the emotional ups and downs related to trading, as the beginner is not likely to be able to connect with the content at all.

Rating:
Summary: Valid info, but dry
Review: This book was required reading for a course I am taking, so maybe I remembered how I felt when I had to read "Silas Marner" in high school english. I found the book contained valid points about the psychology of trading which would be helpful to someone who was just entering the world of trading, but it seemed very dry reading to me, and repetitive. Much of it was rules for trading taken from other peoples books, and after awhile you got the feeling that you had just finished reading these rules, several times. I am currently reading "The Mind of a Trader" by Alpesh Patel, which is a similar type book (and also required reading), but somehow more readable.

Rating:
Summary: Valid info, but dry
Review: This book was required reading for a course I am taking, so maybe I remembered how I felt when I had to read "Silas Marner" in high school english. I found the book contained valid points about the psychology of trading which would be helpful to someone who was just entering the world of trading, but it seemed very dry reading to me, and repetitive. Much of it was rules for trading taken from other peoples books, and after awhile you got the feeling that you had just finished reading these rules, several times. I am currently reading "The Mind of a Trader" by Alpesh Patel, which is a similar type book (and also required reading), but somehow more readable.

Rating:
Summary: Valid info, but dry
Review: This book was required reading for a course I am taking, so maybe I remembered how I felt when I had to read "Silas Marner" in high school english. I found the book contained valid points about the psychology of trading which would be helpful to someone who was just entering the world of trading, but it seemed very dry reading to me, and repetitive. Much of it was rules for trading taken from other peoples books, and after awhile you got the feeling that you had just finished reading these rules, several times. I am currently reading "The Mind of a Trader" by Alpesh Patel, which is a similar type book (and also required reading), but somehow more readable.