Kiev The Psychology of Risk

Mastering Market Uncertainty
1. Auflage 2003
ISBN: 978-0-471-46318-4
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 304 Seiten, E-Book

Reihe: Wiley Trading Series

One of the financial world's most respected experts on thepsychology of risk provides a revolutionary risk managementmodel
Over the past three decades investors have adopted all varieties ofcomplex quantitative systems for quantifying and managing risk.Yet, sophisticated investors and money managers continue to sufferrecord losses in today's increasingly volatile markets. This bookbridges the gap between investor psychology and quantitative riskmanagement with a revolutionary risk management program thatvirtually any trader or investor can easily adapt to their goalsand personalities. Using numerous fascinating real-life casestudies, Dr. Kiev illustrates the various psychological andemotional traps to which even the savviest investors can fallvictim. He develops a dynamic new risk management model thatcombines quantitative models and money management techniques. Healso provides rigorous guidelines that will help readers answersuch crucial questions as: How much should I trade? How much riskcan I handle? and When should I get out?

Autoren/Hrsg.

Kiev, Ari

Inhaltsverzeichnis

Introduction.
PART ONE: THE ESSENTIALS OF RISK TAKING.
Chapter One: Defining Risk.
Considering a New Approach.
Understanding the Psychology.
Identifying the Problems.
Chapter Two: Understanding the Approach.
Making the Commitment.
Setting a Target.
PART TWO: THE PROBLEMS OF RISK.
Chapter Three: Handling Your Emotions.
Defining the Life Principle.
Examining the Emotions of Trading.
Understanding the Stress Response.
Creating a New Life Principle.
Owning Your Responses.
Dealing with Anger.
Maintaining Your Concentration.
Chapter Four: Learning to Let Go.
Battling Perfectionism.
Overcoming Mental Accounting.
Combating Paralysis.
Learning to Become Flexible.
Hoarding Stub Ends.
Considering the Herd.
Releasing the Rationalizations.
Acting Now.
PART THREE: THE PERSONALITIES OF RISK.
Chapter Five: Profiling Passive Traders.
Cautious Traders.
Fearful Traders.
Insecure Traders.
Committing to a Result.
Choosing What You Have.
Discovering What Is Missing.
Chapter Six: Profiling the High-Risk Trader.
The Solutions.
Chapter Seven: Recognizing the Master Trader.
Defining the Master Trader.
Developing Mastery.
Assessing Your Progress.
PART FOUR: THE PRACTICE OF RISK TAKING.
Chapter Eight: Increasing Your Risk.
Understanding the Value of Statistics.
Using Specialized Techniques.
Chapter Nine: Handling Failure . . . and Success.
Recognizing a Breakdown.
Managing the Emotions of Breakdown.
Turning Breakdowns into Breakthroughs.
Recreating the Wins.
Remembering the Plan.
Chapter Ten: Doing the Work.
Discerning the Importance of Data Analysis.
Determining What Is Relevant.
Understanding the Business Model.
Paying Attention to the Catalysts.
Interpreting the Silent Data.
Using Technical Analysis.
Chapter Eleven: Coping with Risk: Coaching, Teamwork,Systems.
Consult a Coach.
Take Advantage of Teamwork.
See About a System.
Conclusion.
Index.

Über Autor(innen)

ARI KIEV, MD, is a practicing psychiatrist who has receivedrecognition in the financial community for his insights into thepsychology of decision making under stress and for the creation ofgoal-directed programs to enhance trading performance. He is theauthor of fifteen books, including Trading to Win: The Psychologyof Mastering the Markets, Trading in the Zone: MaximizingPerformance with Focus and Discipline, and the bestsellingmasterpiece A Strategy for Daily Living. He is President of theSocial Psychiatry Research Institute in New York, has appeared onCNBC and CNNfn, and has been featured on Forbes.com,cbsmarketwatch.com, in The New York Times, and The New York Post.Dr. Kiev frequently writes for Active Trader magazine and wasfeatured in Stock Market Wizards by Jack Schwager for hissignificant contributions to some of Wall Street's most successfulhedge funds.
If you would like to contact Ari Kiev, please send an e-mail [e-mail].