The Intuitive Trader: Developing Your Inner Trading Wisdom

Hardcover

ISBN 10: 0471130478 ISBN 13: 9780471130475

Publisher: Wiley, 1996

Cultivate the skills necessary to follow your businessintuitions

No matter how much background and training a trader or investorhas, intuition remains the key personal asset to attainingfinancial success. Success depends on refining your intuition to alevel that allows you to take the next step with unshakableconfidence. But bringing yourself to this level is a dauntingchallenge--one that often requires you to override the logic ofyour acquired knowledge. With insights from industry successstories, exercises, and analysis from psychologists andpsychiatrists, The Intuitive Trader shows traders and investors howto capitalize on their powerful intuitive skills so that they cantake their trading to a new level.

* Interviews with preeminent psychologists and psychiatrists aboutdeveloping intuition
* Extensive exercises that show the reader how to use intuition toenhance trading performance
* Words of wisdom from successful traders and investors, includingTony Saliba, Linda Raschake, Paul Tudor Jones, Jimmy Rodgers, andGeorge Soros

ROBERT KOPPEL (Chicago, Illinois) is President of Future Skills, aChicago-based consulting firm that works with individual traders,CTA's and brokerage firms. A former member of the ChicagoMercantile Exchange, he is a partner in Skylane Trading, a clearingfirm backed by Daiwa Securities. Koppel is the author of The InnerGame of Trading and The Outer Game of Trading, and he frequentlylectures on the psychology of sound investing.

From the Publisher:

An in-depth examination of what makes top traders and investors successful. Provides a blueprint which enables readers to identify and learn how to cultivate the skills necessary to develop the intuitive sense. Extensive exercises offer readers actual techniques to use whether they are trading on the floor of an exchange, in front of a computer or through a broker. Features interviews with well-known market wizards including Thomas Belsanti, Linda Leventhal, Charles Faulkner and Howard Abell who explain how they apply intuition on a regular basis for their own trading.

From the Back Cover:

Some are born with it. Others acquire it. Everyone wants it. It'sthe ultimate market wisdom, and your key personal asset on the roadto financial success--it's intuition. In The Intuitive Trader,Robert Koppel draws on his extensive knowledge of themarkets--culled from decades of frontline experience, as well asinsightful interviews with top traders--to lay out a fascinating,practical "blueprint" for developing and honing intuitive tradingskills.

Success depends on refining your intuition to a level that allowsyou to take the next step with unshakable confidence. But bringingyourself to this level is a daunting challenge--one that oftenrequires you to override the logic of your acquired knowledge. Itbegins with self-awareness, a notion that many traders resist,looking instead to black-box trading systems and the expertise ofself-proclaimed "gurus." Koppel explains why relying solely onempirical reasoning can actually inhibit your trading performance.He demonstrates why you need to combine the deductive with theinductive--integrating the intellect with the intuitive.

Along with penetrating analysis by psychologists and psychiatrists,The Intuitive Trader is filled with industry success stories fromthe likes of:
* Linda Leventhal, the independent trader and current member of theChicago Mercantile Exchange who discusses the thrills and dangersof trading in the pit;
* Howard Abell, equally at home trading on the floor or in front ofa computer screen, who recalls a lifetime of lessons in theimportance of understanding--and loving--the process;
* Thomas Belsanti, the interest rate, stock option, foreigncurrency, and livestock wizard who explains how he stays motivatedand confident day in, day out;
* Charles Faulkner, the strategies expert whose extensive writingson the science of success explore how and why people succeed in themarket.

With extensive exercises that will show you how to use intuition toenhance your trading performance, The Intuitive Trader provides theinsights and techniques you need to take your trading to a newlevel.

Advance praise for THE INTUITIVE TRADER

"The Intuitive Trader is an indispensable addition to a trader'slibrary. Bob Koppel has clearly identified how traders candistinguish true intuitive trading impulses from market hunches. Ihighly recommend The Intuitive Trader."--John F. Sandner, ChairmanChicago Mercantile Exchange

"Koppel has opened the door for those willing to do the work. Hehas done a superb job with this difficult subject."--John R.Conheeney, Jr. Chicago Board of Trade

"The Intuitive Trader is well-written...and clearly presented.Throughout his writing runs the thread of simple common sense. TheIntuitive Trader is an important book that will remain fresh yearsinto the future when the trading system you bought no longerworks..."--from the Introduction David Silverman, Director ChicagoMercantile Exchange

"Koppel cuts new ground in the exploration of intuition...that mosttraders will find as relevant and as indispensable as a quotescreen. The Intuitive Trader is a must read for both the veteranand aspiring trader."--from the Foreword William J. Brodsky,President Chicago Mercantile Exchange

Rand Financial Services provides expert clearing and execution,services for the CTA/CPO, and institutional services. Rand is amember of all principal U.S. commodities exchanges