The Art of the Trade
Author: R. E. McMaster
List Price: $34.95
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ISBN: 0070455422
Publisher: McGraw-Hill Trade (31 January, 1999)
Sales Rank: 83,729
Average Customer Rating: 4.39 out of 5
Customer Reviews
Rating: 4 out of 5
Gives new meaning to the phrase ¿Think before you trade'
In the Art Of The Trade, R.E. McMaster, Jr. explains the psychological and emotional aspects of investing. McMaster teaches an awareness of these under-appreciated market 'energies.' His latest book shares his learned ability to use sound technical strategies combined with an intuitive market understanding that is essential for successful trading.
Rating: 5 out of 5
Overall, The Art of the Trade is worth reading carefully.
Another trading book? Yuk, you may think, having sampled at least some of the trading-book deluge pumped out by the American publishing industry in the last 12 months. But unlike so many of these that pander to the desire to become rich through trading, R.E. McMaster's The Art of the Trade is time and money well spent. The book's main thesis is that while market opportunities are unlimited, a trader's time, energy, financial and above all, psychological capital are very limited. In 10 chapters, McMaster tells about the similarities and differences between trading and gambling - the biggest difference being different kinds of risk - managing risk with money management; treating trading as a business; the methodology, consistency, mentality and emotions of trades; self mastery; and in the last chapter, McMaster puts it all together. His expectations are clear and easy to follow. Overall, The Art of the Trade is well worth reading carefully. It will go a long way in helping traders preserve their psychological capital.
Rating: 5 out of 5
It really is a GREAT book!
I have almost finished "The Art of the Trade." You know, it really is a GREAT book! I sincerely mean that. It is measured and extremely judicious. It is wonderful... I bought a copy for my father-in-law and sent it to him. Similar Products
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