Exceptional Trading

By Ruth B. Roosevelt

This book is written to give traders a winning edge. Winning eludes some 80 to 90 percent of people who trade. Each year millions of dollars are spent creating and buying and selling trading systems.... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0934380546
• ISBN13: 9780934380546
• Release Date: September 1999
• Publisher: Traders Pr
• Length: 288 Pages
• Weight: 1.80 lbs.
• Dimensions: 11.0" x 0.8" x 8.5"

Customer Reviews

If You Are Serious About Improving Your Trading...

I trade equities full-time and bought the book to help understand and resolve a tendancy to micromanage my trades. I know many successful professional traders and have met very few who are totally satisfied with their trading performance on a consistent basis. Even the best traders can use an occasional tune-up or can benefit from learning strategies to waste less energy and become more decisive and resilient. This book was the best book on trader psychology I have come across to date, but I can understand why some people do not relate to it. First, one needs to have a strong motivation to work through the exercises and meditations; this usually means a reader needs a specific aspect of trading s/he wants to address. Next, a reader will need to be open to the possibility that his/her mind, beliefs and attitudes will play the biggest part in trading success. There are thousands of ways to make money in the markets, and anyone with normal intelligence can learn the mechanics of trading and improve his/her trading with practice, but few have the psychological balance (persistence, resilience, confidence, discipline, and humility) to succeed. This book is about taking a really close look at our needs, beliefs, and motivations and resolving the subtle issues that stand in our way. If this is of interest and motivates you to buy the book, you will find your money and time well spent.

An edge, sound money management... ...and this book!

We all know the elements of successful trading. Some kind of Edge, sound Money Management principles and a disciplined, flexible Mind. The subject of trading psychology is perhaps the most neglected part of this master plan.Van Tharp, Mark Douglas, Adrienne Toghraie and Carl-Gustav Gyllenram all have some interesting and highly educational books (and courses) dealing with this subject. However, I rank this as the best book on trading psychology I have come across. In my work as a stock broker, I encounter winning and losing traders all the time. My experience is that most customers lose, on balance. It is an undisputed fact that losing traders have strikingly similar attributes. In general the losers remain losers because of the following facts:1. They lack the necessary knowledge. 2. They fail to admit when they are wrong, ie they don't use stop-losses. 3. They overtrade. 4. They have no mental discipline.This book does not provide the reader with any useful information whatsoever regarding indicators, trading systems or elaborate theories regarding the markets. Rather, it provides some highly informative, thought-provoking pages about your biggest enemy in the market... ...yourself.I do not recommend that you read this book. Rather, I recommend that you work your way through it with an open mind. Digest it as you search your soul for those unpleasant truths about your trading, your life, and yourself.I promise you that it will be one of the most profitable learning experiences that you will ever find...

Execute trades & trading plans successfully

The best of what's out there, and a very good book it is. This is not a book on trading systems or money management. It is a book to enable the trader to improve his/her trading. All of us suffer from emotional blockages, many unconcious. It is the result of growing up in less than perfect homes. RBR offers a step-by-step approach to finding and dealing with the blockages the interefer with YOUR trading. Caps on "your" because RBR uses a paradigmatic rather than case-specific approach. Next best book so far is Tharp's "Trade Your Way to Financial Freedom," which, while good, is a distant second. Of course, if your computer finds the trades, places the orders and exits the trades, and all you do is have the broker send you a check every month, this book is of no value to you. I haven't become that clever yet.