Trading in the Zone: Maximizing Performance with Focus and Discipline

Trading in the Zone: Maximizing Performance with Focus and Discipline

Hardback Wiley Online Trading for a Living

By (author) Ari Kiev

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  • Publisher: John Wiley & Sons Inc
  • Format: Hardback | 240 pages
  • Dimensions: 164mm x 234mm x 28mm | 458g
  • Publication date: 23 March 2001
  • Publication City/Country: New York
  • ISBN 10: 0471379085
  • ISBN 13: 9780471379089
  • Edition statement: Revised and Thumb Indexed and Updated to Include New Develop
  • Illustrations note: black & white illustrations
  • Sales rank: 372,633

Product description

Overcome the obstacles that can prevent you from winning at the trading game A trader's emotional state is vital to being a successful investor. There are many psychological factors that can affect the decisions one makes in the course of a trading day. This book focuses on overcoming issues such as anxiety, fear, and over-ambition so that traders can become more focused and be more successful-in other words, enter the zone-and stay in it as long as possible.

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Author information

ARI KIEV, MD, is a psychiatrist who specializes in stress management and performance enhancement. He is also President of the Social Psychiatry Research Institute and is recognized worldwide for his pioneering work in transcultural psychiatry, suicidology, and psychopharmacology. His other books include the acclaimed Trading to Win: The Psychology of Mastering the Markets; Transcultural Psychiatry; A Strategy for Daily Living; and The Courage to Live.

Back cover copy

PRAISE FOR Trading in the Zone "Ari Kiev takes us inside the most successful trading firms of our time and shows us how those firms seek to improve performance through disciplined self analysis and structured goal management. His application of psychiatric tools to the short-term trading aspects of behavioral finance can give readers a competitive edge."-Charles A. Leeds Jr., CFA, Managing Member, Hermit Capital Management, LLC "Kiev uses the powerful combination of his professional training as well as a unique vantage point inside the ropes at a market-moving, high-rolling hedge fund to deliver a fascinating analysis of a trader's psyche. Although trading is widely acknowledged as an art, one that requires incredible innate intuition and feel for the markets, Kiev prescribes 'getting into the zone'- a psychological state that one can create - for those aiming to achieve a higher level of performance. His anecdotes, case studies, interviews and tales of the 'Master Trader' are both instructive and tremendously insightful. A compelling read."-Ciaran T. O'Kelly, Head of Equity Trading, Salomon Smith Barney "Trading in the Zone discusses the psychological considerations that serve to distinguish the most successful traders and portfolio managers from the majority of traders who are doomed to failure. Trading is so greatly influenced by emotions and discipline that not to have Ari's insight and advice is a serious mistake."-Tom DeMark, author of The New Science of Technical Analysis "I have been managing money for more than twenty years and I am happy to endorse Dr. Kiev's principles, which have enhanced my performance and that of my traders over the past three years. Trading in the Zone will propel readers to the next level of trading success."-Jay Goldman, Hedge Fund Manager, J. Goldman & Co., L.P. "Ari Kiev's Trading in the Zone clearly and forcefully illustrates the mental discipline that will enable a stock trader to improve his performance."-Allan R. Tessler, Chairman and CEO, Jnet Enterprises "Dr. Kiev works with professional traders, including some of the best traders in the country. In Trading in the Zone, he provides numerous case studies based on the market experiences of these traders, told both through narratives and their own words, in order to distill insights and lessons that should prove invaluable to professional and aspiring traders alike."-Jack Schwager, author of The Market Wizards and Stock Market Wizards

Flap copy

"Most traders believe that 'getting into the zone'happens when you have 'a hot streak.' I believe you can create the zone. The zone is a psychological state. It is when you are focused, disciplined, and fully engaged in the process at hand . . . trading in the zone will certainly increase your capacity to perform and succeed."-Ari Kiev In his internationally acclaimed Trading to Win, psychiatrist and top trading coach Ari Kiev showed traders how to master common psychological obstacles to success and how to develop winning personal trading strategies. Now, in this groundbreaking new book, he takes us to the next bold level with a complete, easy-to-follow program for Trading in the Zone. Drawing on his years of experience helping top Wall Street traders achieve and sustain peak performance levels, Dr. Kiev describes proven techniques for tapping the energy, focus, and enthusiasm needed to enter the zone and stay there, every trading day, regardless of short-term results or market conditions. With the help of many fascinating case studies, Dr. Kiev describes psychological and emotional factors that routinely undermine the decisionmaking process of even the most savvy trader during the course of the trading day. Writing for traders in virtually every market, he explores the varying psychological and emotional issues confronting different classes of traders based on their risk profiles and preferred instruments. Trading in the Zone helps you gauge the extent to which your effectiveness is being hamstrung by common problems such as anxiety, fear of failure, negative self-image, and greed. He provides step-by-step guidance on how to overcome those internal obstacles and enter the zone, where you will produce outstanding results, day after day, year after year. Don't let cognitive traps and negative emotions impair your effectiveness as a trader. Read Trading in the Zone and learn how to achieve the heightened levels of objectivity, focus, and confidence you need to trade in the zone and win, win, win.

Table of contents

Introduction. GETTING IN THE ZONE. Defining the Zone. Overcoming the Past. Using a Goal. PREPARING FOR THE TRADE. Gathering Information. Understanding the Analysis. Learning More. CONTROLLING THE RISK. Managing the Risk. Tolerating the Pain. TRADING CONSISTENTLY. Learning from Your Mistakes. Overcoming Psychological Obstacles. Stepping Up to the Challenge. USING ADVANCED STRATEGIES. Taking Advantage of Capitulation. Short-Selling. Conclusion. Index.