Trade with Passion and Purpose: Spiritual, Psychological, and Philosophical Keys to Becoming a Top Trader

ISBN-13: 9780470039083 / Angielski / Twarda / 2007 / 272 str.

Mark Whistler

Opis

Trading in today's markets can be extremely stressful and oftentimes, traders—even those with years of experience—make irrational decisions as a result. Overcoming these pitfalls can be a difficult task, but with the right approach you can turn any setback into a great success.

Over the course of his trading career, author Mark Whistler has achieved significant success as well as taken a fair share of hits. During this time, he has seen firsthand what separates great traders from the rest of the crowd, and now, in Trade with Passion and Purpose he wants to share those insights with you.

In Trade with Passion and Purpose, Whistler draws from the fields of psychology, spirituality, and philosophy to illuminate the path to profitable trading. This engaging book acknowledges how difficult it is to consistently win in the markets, but at the same time, it demonstrates how adhering to a small number of core principles can vastly improve your chances of success.

Divided into three comprehensive parts, this book will take you on a journey of self-discovery that will help you hone your skills as a trader. Some of the topics discussed include:

• How being "in the moment," while knowing why you are doing what you are doing is essential to trading success

• The importance of understanding stress and how to work with it

• The roles that affirmation and visualization playin your trading endeavors

• How to recognize and defeat fear

• Why change should be embraced

• How to develop agame plan for trading success that takes risk management into account

• How world famous traders, sports stars, and business people handle stress, and how you can benefit from their success

• And much more

Achieving trading success takes time, guts, the desire to ask yourself some hard questions, and the relentless determination to take action. Anything less and you'll be nothing more than a mediocre trader at best. Filled with the hard-won knowledge gained through Whistler's own trading experiences as well as insightful interviews with proven traders and individuals who have overcome amazing adversity, Trade with Passion and Purpose will help you develop the personal strength and emotional intelligence needed to become a top trader.

Spis treści

Acknowledgments.

Introduction.

Believing in Ourselves.

PART I All of the Answers Are Already Within.

CHAPTER 1 Finding Your Purpose–Center.

The Groundwork.

Clarifying Your Purpose–Center through the Mission Statement.

Morita Therapy and Dogma.

Purpose–Center as Self–Awareness in Style.

The Dogma of Style.

Summary.

CHAPTER 2 The Time Is Now.

In the Moment.

Through Ryan Dempster’s Eyes.

Summary.

CHAPTER 3 Self–Honesty and Self–Esteem.

The Foundation of Self.

Honesty.

Ego Versus Esteem.

Esteem.

Pride.

Summary.

CHAPTER 4 The Balance of Humbleness.

The Importance of Humbleness.

Mike Palumbo—Words of Wisdom from a Supertrader.

Balance of Self: An Interview with Kevin Cuddie.

Summary.

CHAPTER 5 Be Courageous, Be Forgiving.

The Vacuum Law of Prosperity.

Interview with Dr. Michael A. L. Eckelkamp.

The Need for Courage: Vic Frierson.

Summary.

Addendum.

CHAPTER 6 An Investigation of Fear.

Fear Defined.

Acknowledging the Predator.

Good Cop.

Bad Cop.

Deciphering the Difference between Good and Bad Fear.

Event Timing and the Conditioned Reflex.

Overcoming Good Fear.

Defeating Bad Fear.

Fear and Morita Therapy.

Fear Is the Only Paradigm of the Market.

Personal Unconsciousness.

Summary.

CHAPTER 7 Overcoming Adversity and Anxiety.

Turning the Tide on Death—Bob Williams.

The Basics of Anxiety.

The Bulkhead of Anxiety.

Summary.

CHAPTER 8 Cause and Effect.

The Foundation of Cause and Effect.

Cause and Effect in Trading Decisions.

Altering the Cause Variables.

Interview with Joe Ritchie.

Adding on to Joe’s Words.

Experience as the Most Important Cause Variable.

Summary.

CHAPTER 9 Emotional Intelligence: The Intuition Wild Card.

The Roots.

Emotional Intelligence with Emotional Identification and Acceptance.

Application to Trading.

Emotion Versus Intuition.

Summary.

CHAPTER 10 Developing Intuition.

Levels of Intuition.

Planning for Intuition.

Developing Intuition.

Incredible Intuition through the Eyes of a Publisher.

Top–Down Processing.

Intuition in Trading.

Summary.

CHAPTER 11 Expressing Gratitude.

Gratitude as a Psychological Study.

Gratitude and Trading.

Summary.

PART II Beyond Emotions.

CHAPTER 12 Confronting and Defeating Stress.

A Little Stress Is Good.

Recognizing Stress.

Matt McCall on Stress and Investing.

Summary.

CHAPTER 13 A Medical Evaluation of Stress.

The Facts behind Stress, from Dr. Royce Peterman, MD.

Summary.

CHAPTER 14 The Necessity of Relaxation.

Sivananda Principles.

Breathing to Deal with Three Stressful Moments.

Summary.

CHAPTER 15 Affirmation and Visualization.

Affirming Ourselves.

Visualizing Success.

Summary.

CHAPTER 16 Avoiding Self–Destructive Behavior.

Understanding Why We Blow Up Leads to Recognition.

Thwarting Self–Destruction and Cleaning Up the Mess.

Summary.

PART III Developing Your Game Plan.

CHAPTER 17 Creating a Trading Plan.

The Plan.

Trading Plan Integrity through Philosphy.

Summary.

CHAPTER 18 Understanding Risk.

Managing the Big Picture.

In Closing.

Summary.

CHAPTER 19 Change Is Constant.

Change Is the Only Constant We Can Count On.

When Life Blows Up, Make a Change.

The Law of Flotation Wasn’t Based on the Contemplation of Sinking Things

Summary.

Last Words.

About the Interviewees.

Notes.

Bibliography.

About the Author.

Index.

O autorze

Mark Whistler is a trader and financial writer. As a professional options trader, he specializes in statistical arbitrage, a technique for capitalizing on the price differences between similar financial instruments.?Whistler is cofounder of the Web site PairsTrader.com, and a columnist for Traderdaily.com, Investopedia.com, the Smart Options Report, and the Investment U newsletter. He is also the author of Trading Pairs, which is published by Wiley.

Blurb

"Well conceived and executed—any trader will find this a fascinating read."
—Rich Blake

Senior Editor, Trader Monthly magazine

"Knowing yourself is one of the most important, but perhaps most overlooked, aspects of trading. In Trade with Passion and Purpose, Mark Whistler has a fascinating and unique take on the subject. I′d highly recommend this book for any trader who is serious about improving their craft."
—Cory Janssen

Cofounder, Investopedia.com

"An indispensable resource for anyone who intends to trade for a profit on a regular basis . . . Mark Whistler has outlined and detailed an intangible skill set all successful traders must possess. You simply can′t get it anywhere else."
—Alex Williams

Managing Director, Investment University, www.investmentu.com