The 21 Irrefutable Truths of Trading: A Trader¿s Guide to Developing a Mind to Win [Hardcover]

John H. Hayden (Author)

Book Description

Publication Date: May 12, 2000

Psychology is 80% of the high-stakes trader's game. And within the mind of any successful trader exist surprisingly similar emotions and psychological beliefs. The 21 Irrefutable Truths of Trading introduces these values and beliefs, then explains how traders can and must work to understand and harness these beliefs, and gain the psychological edge necessary to win in today's all-or-nothing trading battlefield.

Divided into two parts -- the first focusing on common strengths and weaknesses, the second on ways to enhance the strengths and control the weaknesses while trading -- The 21 Irrefutable Truths of Trading introduces:
-- Techniques to develop certainty, intuition, and discipline
-- Technical analysis and trading methodologies to trade more effectively
-- How to properly align trading with the movement of the market

Editorial Reviews

From the Back Cover

21 Unwritten Rules - Clear, comprehensive, and Necessary for Success as a Trader!

Before traders can grab an edge in the external market environment, they must first master their internal psychological environment of beliefs, values, virtues, even faults and weaknesses! The 21 Irrefutable Truths of Trading reveals the universal techniques and strategies that today's top traders use to control their psychology and emotions in the heat of battle for increased confidence, greater self-understanding, and instantly greater success.

Beyond simply presenting the beliefs and characteristics that are vital to any trader's success ratio, this no-nonsense book goes on to explain how these traits can be translated into everyday profits. Whether you trade in the stock, commodity, or currency markets, The 21 Irrefutable Truths of Trading introduces:

Techniques to develop certainty, intuition, and discipline. Technical analysis and trading methodologies to trade more effectively. Methods to properly align trading with the movement of the market.

Successful trading is today's most exhilarating, demanding, and profitable career not to mention the most difficult to master. Learn to consistently profit from the markets by first understanding and controlling your own strengths and weaknesses - in John Hayden's The 21 Irrefutable Truths of Trading.

Product Details

• Hardcover: 240 pages
• Publisher: Mcgraw-Hill; 1st edition (May 12, 2000)
• Language: English
• ISBN-10: 0071357890
• ISBN-13: 978-0071357890
• Product Dimensions: 9.3 x 6.2 x 1.2 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.2 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #1,197,711 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

10 of 10 people found the following review helpful:

5.0 out of 5 stars One of the top three trading books, December 2, 2001

By 

Herbert Klug (Colorado, USA) - See all my reviews

This review is from: The 21 Irrefutable Truths of Trading: A Trader¿s Guide to Developing a Mind to Win (Hardcover)

Of the literally hundreds of stock market books I have read, I consider this book to be one of the top three. (The other two are: 1) How I Made $2,000,000 In The Stock Market by Darvas and 2) Zen In The Markets by Toppel). The 21 Irrefutable Truths Of Trading gives insights into how our beliefs and values influence our trading and how we can alter these beliefs and values. As the author says "The trading game is played out in the six inches of space between your ears!" This is a critically important book and I am very thankful the author wrote it.

9 of 9 people found the following review helpful:

4.0 out of 5 stars Best Psychology I've Read!!, March 5, 2002

By 

Scott K. (USA) - See all my reviews

This review is from: The 21 Irrefutable Truths of Trading: A Trader¿s Guide to Developing a Mind to Win (Hardcover)

Generally I don't enjoy reading books on trading psychology, or any other psych for that matter. When I purchased this, I assumed it was a general book on trading. Boy was I wrong!! The first half of the book is very well written and caused me to take some action on my beliefs. I am not someone who is easily impressed or convinced of anything, that is what made it so enjoyable to me. The second half on trading methodology was good and there were a few usable bits of information.

All in all, if you want a look at yourself as a trader or investor, this book is well worth the small pricetag.

12 of 14 people found the following review helpful:

5.0 out of 5 stars trading wisdom, May 25, 2000

By 

Frank W. Summers - See all my reviews

This review is from: The 21 Irrefutable Truths of Trading: A Trader¿s Guide to Developing a Mind to Win (Hardcover)

Experience plus knowledge plus time equals wisdom. This book cuts to the bone that YOU are responsible for profits or losses, not the market. Gives the professionals money management thinking of first, not losing money vs the novice who only thinks of making money. It cuts through the hype of get-rich-quick techniques and market letters. Clear, logical, unemotional personal psychology, plus money management stratergies of risk/reward make this book one of the most valuable for novice or experienced investors. Investment wisdom rarely found. Buy and read this book. The advice is a bargain.