Winning the Mental Game on Wall Street: The Psychology and Philosophy of Successful Investing
Author: John Magee, W. H. C. Bassetti
List Price: $49.95
Our Price: Click to see the latest and low price
ISBN: 0910944172
Publisher: Saint Lucie Press (20 April, 2000)
Sales Rank: 319,776
Average Customer Rating: 3 out of 5
Customer Reviews
Rating: 5 out of 5
Top of the list
Of all the books available on the markets, this is the one I'd recommend to a beginner as a starting point. I'm not surprised that an amateur would be disappointed (or even dissapoined) in it since it doesn't provide quick-start recipes for guaranteed success in the financial arena. What it does do is explain what the markets are all about. It dispels the myths that lead to inevitable losses and eventual ruin, preparing one for the reality of the market rather than perpetuating the illusions that enable all those advisory services, newsletters, and gurus to flourish.You won't learn the "best" MACD settings here. What you will learn is the reality of the markets, a necessary first step toward creating a trading style.
Oddly enough, Amazon has paired the book with The Nature of Risk, above, at least temporarily, which is the second book I'd recommend to anyone interested in learning how to approach the financial markets.
Rating: 1 out of 5
Dissapoined
I was really dissapointed with this book. After reading 118 pages out of 300+, and browsing over the rest, I decided not to waste my time with this book anymore. Most of the time, the author doesn't talk about the markets, trading systems, or mental strategies to win in Wall Street. He talks about word definitions, stories when he was a kid (not related to the markets), abstract philosophy, what separate us from the animals (how is this related to the title of the book?), repeats a lot of his stories 2 or 3 times... in summary... a book that has been mis-titled. Don't buy this book without doing research on it first. I spent $50 on it and I am debating if donating it to the library or trashing it. Similar Products
Analyzing Bar Charts for Profit: Technical Analysis As an Aid to Decision Making for the 1990s and Beyond
Trader Vic--Methods of a Wall Street Master
Art of Contrary Thinking
How to Buy: An Insider's Guide to Making Money in the Stock Market
The Nature of Risk
Book Index