The 21 Irrefutable Truths of Trading

A Trader's Guide to Developing a Mind to Win

By: John Hayden

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Product code: 12888
ISBN: 0071357890
232 pages
Format: Hb
Published by: McGraw-Hill Professional, 2000, 1st edition

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The 21 Irrefutable Truths of Trading - front page cover image

Description of The 21 Irrefutable Truths of Trading

Before traders can grab an edge in the external market environment, they must first master their internal psychological environment of beliefs, values, virtues, even faults and weaknesses. The 21 Irrefutable Truths of Trading reveals the universal techniques and strategies that today's top traders use to control their psychology and emotions in the heat of battle - for increased confidence, greater self-understanding and instantly greater success.

Beyond simply presenting the beliefs and characteristics that are vital to any trader's success ratio, this no-nonsense book goes on to explain h ow these traits can be translated into everyday profits. Whether you trade in the stock, commodity, or currency markets.

Successful trading is today's most exhilarating, demanding, and profitable career - not to mention the most difficult to master. Learn to consistently profit from the markets- by first understanding and controlling your own strengths and weaknesses.

The 21 Irrefutable Truths of Trading - Chapter headings

Acknowledgements

Part 1: The Virtues, Vices, and Beliefs of Outstanding Traders

- Introduction
- Egotistical Traders and Traders with False Beliefs Always Lose
- Faith: The Foundation of All Outstanding Traders
- Confidence is Required for Success
- Disciplined Traders are Consistently Profitable
- Courageous Traders Win Big
- Intuition Doesn't Mean 'Into Wishing'
- Persistent Traders Love to Trade
- Integrity - Much more than mere Honesty
- Flexible Traders Adapt as the Markets Change
-Fear - Everyone has it: You must Control it
- Anger: Easy to Feel, Liberating to Overcome
- Doubt and Indecision - A Surefire Way to Ruin
- Losing Money: The Trader's Cost of Doing Business
- Consistent Profits come from Empowering Beliefs

Part 2 The Strategies of Successful Trading

- The Strategy of Determining the Market Consensus
- Entry and Exit Strategies
- Money Management Strategies
- Developing a Written Strategy for Trading Your Methodology
- Fundamental Analysis Strategies
- Computer Systems and the Fallacy of Optimisation
- Length of Time to Master Trading Skills

Conclusion: Bringing it all Together
Appendix A: Comparison Table of Virtues versus Vices
Appendix B: Resources

Index