Kiev The Mental Strategies of Top Traders

The Psychological Determinants of Trading Success
1. Auflage 2010
ISBN: 978-0-470-56178-2
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 208 Seiten, E-Book

Reihe: Wiley Trading Series

An honest depiction of the challenges of trading and a clearexplanation of what it takes to succeed
Trading tends to be a winner-take-all activity where a smallnumber of traders are very successful, while the majority eitherlose money or generate relatively small profits. In The MentalStrategies of Top Traders, author Ari Kiev identifies andanalyzes the characteristics of successful traders and shows youhow to cultivate these same characteristics.
Successful trading, Kiev asserts, requires an unusual andsometimes contradictory blend of intellectual and psychologicalabilities, including the willingness to take risks, but in a verycontrolled manner; the discipline to develop high-convictiontrading ideas in the face of unpredictable markets and incompleteinformation; as well as a strong drive to win, but also acceptfailure. Here, you'll discover how to achieve all this, and muchmore.
* Provides advice and solutions for traders struggling withtoday's volatile and stressful markets
* Authoritatively identifies key mental strategies of toptraders
* Written by Ari Kiev, a highly respected figure in theprofessional trading community
* Analysis is supported by comments from contemporary traders andportfolio managers, many of whom struggled with the markets of2008
Designed with the serious trader in mind, this book will put youin a better position to excel in today's tumultuous markets.

Autoren/Hrsg.

Kiev, Ari

Inhaltsverzeichnis

Acknowledgments.
Introduction.
Chapter 1 Intellect, Instinct, and Guts: Understandingthe Psychological Profile.
A History of Success.
The Ability to Take Risk.
Creativity and Originality.
Self-Awareness, Self-Control and Resilience.
Teamwork and Leadership.
Putting It All Together.
Case Study on Finding the Right Candidate.
The Perfect Candidate?
Chapter in Review.
Chapter 2 Planning for Action: The Importance ofGoal-Directedness.
Making a Plan.
Case Study on Setting a Goal.
Case Study on Having a Variant Perception.
Personality Factors and Goal-Setting.
Recognizing Goal-Directed Individuals.
Case Study on Recognizing Goal-Directedness.
Goal-Directedness in Turbulent Times..
Chapter in Review.
Chapter 3 "Fire in the Belly": The Abilityto Take Appropriate Risk.
A Picture of Successful Risk Management.
Learning to Upgrade Your Performance.
Chapter in Review.
Chapter 4 Thinking Outside the Box: The Importance ofIngenuity.
Case Study on the Satisfaction of Creative Thinking.
The Strategic Thinker.
Case Study on Learning to Be Creative.
Idea Construction.
Developing a Variant Perception.
Case Study on Creative Thinking.
Defining Expectational Analysis.
Case Study on Knowing the Business.
Case Study on Expectational Analysis.
Idea Velocity.
Idea Timing.
Idea Completion.
The Psychological Dimension.
Case Study on Communicating Effectively.
Chapter in Review.
Chapter 5 Separating Emotions and Decisions: The Abilityto Be Self-Aware.
Case Study on the Emotion of Drawdowns.
The Source of Fear.
Case Study on Trading Stress.
Self-Esteem and Self-Discipline.
Learning from Drawdowns.
Case Study on Self-Assessing During Drawdowns.
Getting Comfortable with the Uncomfortable.
Case Study on Being Comfortable with Discomfort.
Managing Stress Well.
Chapter in Review.
Chapter 6 Nurturing Team Players: Listening, Learning,and Working Together.
Characteristics of a Team Player.
Finding Complements to Your Team.
Case Study on a Comparison of Traders.
The Importance of Communication.
Chapter in Review.
Chapter 7 Leadership: Directing Success.
Empowering a Culture of Change.
Encouraging Responsibility..
Exploring Potential Leaders.
Endeavoring for Success.
Case Study on a Failure to Lead.
Chapter in Review.
Index.

Über Autor(innen)

ARI KIEV is a psychiatrist who specializes in organizational psychology, stress management, and leadership training. Having worked extensively for thepast seventeen years with Steve Cohen's multibillion-dollar SAC Capital Advisors, he now heads up Kiev Consulting, which helps trading professionals learna variety of transformational strategies to enhance performance and create a collaborative and synergistic culture. For more information about developing a customdesigned performance maximization program for your company, visit www.arikiev.com.