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Rating: 
Summary: Another Me Too book
Review: Another "Me Too" book. Nothing new in this book that you can find in a hundred other better books.
Rating: 
Summary: The Best Book I've Read ON Trading Psyche.
Review: I found this book far more useful and informative than any of the many books available on trading psyche.The author's ideas and strategies ring true.If you've read any of the recently popular electronic or day trading books and don't know what is the next step--This book is for you.It is well written,concise,thoughtful and will make you a more profitable trader.
Rating:
Summary: Psychological checklist for traders
Review: I found this book to be very insightful and clear. I would recommend it to both inexperienced and experienced traders. I also found the trader interviews as well as the chapters on the psychology of technical analysis thought provoking and profitable.
Rating: 
Summary: another trip to the well for the authors
Review: If all the books on trading ever written were ranked in numerical order, this book would fall right in the mediocre middle. There is nothing new, insightful or noteworthy in this book, and even though it is short it felt like a chore to read. I rank it in the middle and not near the bottom of the pile simply because there are so many trading books out there that are pure hype and trash. This book at least highlights some worthy points, albeit in a dull and tired fashion.Melamed aside, the traders interviewed in this book do not seem worthy of interview caliber. I get the feeling that Koppel and Abell were trying to think of a way to cash in on having Leo's number in their rolodex and built this book around it. Another thing that bothered me is that profanity is sprinkled throughout this book in pointless places. I'm no shrinking violet, but what is the point of that? To give the book "street cred?" It just seemed unprofessional and childish. In Schwager's classic book of interviews "Market Wizards," every trader interviewed had a great track record, and at least one interesting insight into the markets or something unique to say that was worth reading. That book seems to have spawned an innumerable series of poor quality knockoffs, including this one. The traders in "Innergame" have no track records posted, and nothing worthwhile to say. The trader commentary is mostly inane, with many boring side trips into irrelevant or unexplained subjects, and most of the observations are either trite or downright goofy. For example, a cattle trader talks about how even if he is only entering the market with 5 or 10 contracts, he places the trade as if he were doing a 10,000 contract trade. And when he sells, he tries to sell in the same way as if he had 10,000 contracts to unload. Wonderful. These are the kind of insipid observations that neophytes get snowed by, because they just assume there is something there of value that they are missing. There isn't. It's just dumb. If this is one of the very first books you read on trading, you might think it is ok simply because most of the generalizations made are based on truth. But those points have been beaten to death a million times over and this book does little more than recycle some old lines, then tacks on some lame questions at the end. The self assessment / workbook section of the book has the flavor of a poorly put together motivational / self esteem seminar. Think about yourself. Think about your goals. Visualize cutting your losses and letting your profits run....blah blah blah.... In my opinion books like this are low effort cash generators that prey on the indiscriminate reader attracted to the mystique of the markets. Pick up the original Market Wizards or Reminiscences of a Stock Operater instead- or if you have already read those two, then there is no need to read this one.
Rating:
Summary: another trip to the well for the authors
Review: If all the books on trading ever written were ranked in numerical order, this book would fall right in the mediocre middle. There is nothing new, insightful or noteworthy in this book, and even though it is short it felt like a chore to read. I rank it in the middle and not near the bottom of the pile simply because there are so many trading books out there that are pure hype and trash. This book at least highlights some worthy points, albeit in a dull and tired fashion. Melamed aside, the traders interviewed in this book do not seem worthy of interview caliber. I get the feeling that Koppel and Abell were trying to think of a way to cash in on having Leo's number in their rolodex and built this book around it. Another thing that bothered me is that profanity is sprinkled throughout this book in pointless places. I'm no shrinking violet, but what is the point of that? To give the book "street cred?" It just seemed unprofessional and childish. In Schwager's classic book of interviews "Market Wizards," every trader interviewed had a great track record, and at least one interesting insight into the markets or something unique to say that was worth reading. That book seems to have spawned an innumerable series of poor quality knockoffs, including this one. The traders in "Innergame" have no track records posted, and nothing worthwhile to say. The trader commentary is mostly inane, with many boring side trips into irrelevant or unexplained subjects, and most of the observations are either trite or downright goofy. For example, a cattle trader talks about how even if he is only entering the market with 5 or 10 contracts, he places the trade as if he were doing a 10,000 contract trade. And when he sells, he tries to sell in the same way as if he had 10,000 contracts to unload. Wonderful. These are the kind of insipid observations that neophytes get snowed by, because they just assume there is something there of value that they are missing. There isn't. It's just dumb. If this is one of the very first books you read on trading, you might think it is ok simply because most of the generalizations made are based on truth. But those points have been beaten to death a million times over and this book does little more than recycle some old lines, then tacks on some lame questions at the end. The self assessment / workbook section of the book has the flavor of a poorly put together motivational / self esteem seminar. Think about yourself. Think about your goals. Visualize cutting your losses and letting your profits run....blah blah blah.... In my opinion books like this are low effort cash generators that prey on the indiscriminate reader attracted to the mystique of the markets. Pick up the original Market Wizards or Reminiscences of a Stock Operater instead- or if you have already read those two, then there is no need to read this one.
Rating:
Summary: The key to winning trades
Review: The authors write about the key factors involved in doing well in the market--a person's psychological state of mind. Although technique and tactics are important the trader's psychology is paramount. This is a basic text for anyone who trades equities or futures.
Rating:
Summary: Another Me Too book
Review: The discussion is highly focused on the psychological requirements for being a top trader. Very succinct writing style that is practical, with no unnecessary pop-psychological meandering. Definitely worth a read.
Rating:
Summary: Writing a bk (like this) is easy. Writing a good one is not
Review: This book reminds me of a sentence I saw in Time Magazine several years ago from Bono of U2. "To me, writing a song is easy. Writing a good song is not."
The authors had given a good eg of the above and showed how to write and sell a trading book with the least effort.
First, create an eye catching name. "The inner game of trading" certainly qualifies. It is the best part of the book, in my opinion.
Second, talk about trading psychology. Ask readers whether they have goals, plans, strategies, the right motive (money should never be the first priority, they said) before any trade. Ask them to model themselves after successful traders to have edges in discipline, focus, knowledge...If you dont follow these and you dont know how to answer the questions, that's your fault. (Should the readers have a degree in psychology before reading this book so that they can condition themselves psychologically just by reading less than 10 pages of 1.5 line spacing script and undergoing serious personality change). 50 pages
Third, interviews with some famous names or at least figure heads from CME, so other members of the Exchange will do the recommendation and referral. They had Leo Melamed, who to me is a diplomat or CEO much and not a trader. 60 pages
Fourth, put some intelligent sayings, relevant or not, here and there. Appeal to experts, for the name of Thomas Edison and President Lincoln, can heighten trustworthiness.
Fifth, show charts and graphs, talk about technical analysis so that everything looks more scientific. 40 pages
Sixth, conclude that if readers can cut loss short, let profit ride, discipline themselves then they will be winners. The authors had not told you how but they had done their part. If the reader fails, it's just that he/she does not follow the teachings or lessons good enough. 30 pages
I am sorry to say so but I have to conclude that the authors just want cash in on their dubious trading knowledge (being in the trade is different from trading successfully), relation with institutions and the urge of market participants for trading advice. Certainly, writing a book can help the promotion of their daily business.
To save the best for last, the authors said that over 80% of market participants are losers and the turnover rate in CME had been 1/3 per annum. If you would like to belong to the crowd, buy and hold on to this book.
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