The Investor's Quotient: The Psychology of Successful Investing in Commodities and Stocks - Hardcover

Bernstein, Jake

9780471078494: The Investor's Quotient: The Psychology of Successful Investing in Commodities and Stocks

Hardcover

ISBN 10: 0471078492 ISBN 13: 9780471078494

Publisher: Wiley, 1980

Shows how to identify and correct the psychological and emotional stumbling blocks to investment success. Based on the author's extensive experience and the premise that self knowledge and self discipline are the keys to successful investing. Explains how to determine one's IQ (investor's quotient), how to maximize one's strengths and minimize one's weaknesses, symptoms of positive and negative attitudes, the role of fear and greed, the client-broker relationship, etc. Includes checklists, schedules, tables, questionnaires, and other aids.

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From the Publisher:

Updated to reflect the needs and wants of traders and investors in the 90s. The author guarantees that if you are victorious in changing your personal psychology, your relationship with yourself and others, your perception with the markets, you will become more successful. Details how to recognize problems, evaluate potential solutions and apply those solutions consistently.

From the Inside Flap:

The Investor’s Quotient Second Edition Why do so many traders and investors—ones with sophisticated, powerful, and diligently applied systems—lose? For the answers and the solutions, look no further. This unique, fully revised guide to the psychology of trading and investing explains how, regardless of even the best system, the weakest link in the chain is always the trader—in particular, the trader’s self-discipline and self-control. To help you shore up your defenses, this authoritative but jargon-free mental toughness training manual offers a complete and highly effective investment psychology regimen that interweaves psychoanalysis, learning theory, social psychology, creative visualization, and hard-earned trading savvy. Turn here for all the rules and guidelines of Jake Bernstein’s exclusive brand of psychological trading techniques...models of successful traders to emulate...techniques that sharpen and make your perceptions of others and situations more reliable...tips on scheduling, self-discipline, and developing a positive attitude that will put you on the road to consistently profitable trading. For example, you’ll find techniques, insights, and explanations on how to...

Lose less on bad trades, make more on profitable ones
Learn from your failures what’s working for you, and what’s not
Learn how not to be a slave to the market, and how to master the market by mastering yourself
Find trading systems and methods that best suit your temperament, finances, and personality
Determine your position as a trader—long-term, short-term, or otherwise—with a new confidence

You don’t have to have a genius’ intelligence quotient to realize the advantages Bernstein’s psychological trading techniques can give you. But you do have to have The Investor’s Quotient. That’s genius enough.

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