Why Trading Su?ks?: What Nobody Tells You About Trading and Your Mind
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The majority of the individuals venture into trading with high hopes and quick riches. Not many people are ready to fight the pressure of the mind, emotional pitfalls, and errors in decisions that silently ruin outcomes. This book clarifies the reasons why trading seems to be easy on the surface and seems to be hard in practice.
This guide does not aim at selling strategies or indicators but at the actual engine of performance, the human mind. It deconstructs the influence of fear, greed, ego, overconfidence and hope in trading behaviour and causes repeated losses. You will understand why premature victories are perilous, why always changing strategies is a bad idea, and why risk management is tedious and helps traders to stay alive. While the book exposes the role of discipline, patience and probability-based thinking in substituting impulse and gambling behaviour through practical insights and behavioural analysis. It also brings one fact to light: not all people are fit to trade, and it is possible to save time and money once it is realised at an early stage. It is a no-nonsense examination of the trading psychology, the reality of risk, and individual responsibility in the marketplace. It suits well new and emerging traders that require transparency before committing.• Author(s): Clear | James • Publisher: Penguin • Publisher Imprint: Penguin Random House • Subject: General Books
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