| Trading Stress Contributor(s): Kiev (Author) |
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ISBN: 0470181680 ISBN-13: 9780470181683 Publisher: John Wiley & Sons OUR PRICE: $44.96 Product Type: Hardcover - Other Formats Published: December 2007 Annotation: The first trading psychology book to focus on stress management for traders, author Ari Kiev (www.arikiev.com) explains how stress causes traders to make poor decisions, and he describes a variety of methods traders can use to handle destructive emotions and out-of-control feelings. A practicing psychiatrist who works extensively with traders, Kiev describes a variety of traders and shows how stress robs them of their ability to perform at their best. Kiev emphasizes that traders experience and react to stress in different ways. He uses a number of examples drawn from real, hedge fund traders, including a previously successful trader who suddenly lost his touch following 9/11; a trader who abandoned risk control techniques in pursuit of an unrealistically high profit goal; a trader who consistently sabotaged himself after every period of success; and a trader who limited his success because of an unwillingness to challenge himself. Kiev points out that the stressors for all of these traders were different. Accordingly, he asserts that aspiring traders need to identify their own particular stressors and learn to deal with them in order to succeed. Stress cannot be eliminated. Traders need to differentiate between healthy stress that can be used to keep them alert to changing market conditions and unhealthy stress that causes them to make bad decisions. He describes a variety of conventional techniques to handle stress, including exercise, breathing exercises, and creating a balanced life. But most importantly, traders need to commit to a vision of themselves and their goals and learn to experience stress without losing their ultimate focus. |
| Additional Information |
| BISAC Categories: - Business & Economics | Investments & Securities - General |
| Dewey: 332.601 |
| LCCN: 2007020337 |
| Series: Wiley Trading |
| Physical Information: 0.84" H x 6.34" W x 9.26" (0.88 lbs) 224 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: In Mastering Trading Stress, author Ari Kiev--a psychiatrist who specializes in stress management and works extensively with traders--offers examples, transcripts of conversations, and personality profiles of real-life traders to illustrate how stress affects their ability to perform at their best. Drawing on his vast experience, Kiev describes a variety of practical techniques that can be used to handle destructive emotions and out-of-control feelings, including his "Most Basic" stress busters, and tells what to do if a breakdown should occur. |