Log In
Or create an account ->
Imperial Library
Home
About
News
Upload
Forum
Help
Login/SignUp
Index
Foreword
Preface
Introduction
Part I — Reminiscences of a Trader
1 From Hunger
Goose Nickels
No Little League
2 To the Real World
Frat Life
Is Gin a Drink or a Card Game?
Very Little Class
A Glimpse of the Future(s)
Out of School
You’re in the Army Now
The Brain Watchers and the Butterfly
3 Wood That I Would Trade
Chicago
Learning the Trading Floor
Life in the Fast Lane
Zenith
4 Spectacular Speculator
Timber Tumbles
The Arabian Horse Fiasco
Soybean Oil Spreads
Road to Riches
The Death Knell Phone Call
Soybean Oil Gets Slippery
Vertigo
Nadir
5 The Quest
How Do The Pros Make Money?
Advice and Dissent
Averaging a Loss
Top and Bottom Picking
Spreading Up
Losses
Part II — Lessons Learned
Market Lore to Ignore?
6 The Psychological Dynamics of Loss
External vs. Internal Losses
How Market Losses Become Internal Losses
The Five Stages of Internal Loss
The Five Stages of Internal Loss and the Market Participant
Discrete Events vs. Continuous Processes
7 The Psychological Fallacies of Risk
Inherent Risk
Created Risk
Behavioral Characteristics Determine the Activity
A Dangerous Combination
Psychological Fallacies
Some Examples
Profit Motive or Prophet Motive?
8 The Psychological Crowd
Emotions and the Crowd
Conventional Views of the Crowd
What is a Crowd?
Characteristics of a Crowd
Two Psychological Crowd Models
The Illusion Model
Emotions
Hope/Fear Paradox
Mania and Panic: Where Hope and Fear Meet the Crowd
Part III — Tying It All Together
9 Rules, Tools and Fools
Tying It All Together
Dealing with the Uncertainty of the Future
Decision-Making
The Plan
A Plan and Objectivity
Conclusion
What If . . . ?
Postscript
Appendix
Bibliography
← Prev
Back
Next →
← Prev
Back
Next →