The Intuitive Trader: Developing Your Inner Trading Wisdom [Hardcover]

Robert Koppel (Author)

Book Description

Publication Date: April 19, 1996 | ISBN-10: 0471130478 | ISBN-13: 978-0471130475 | Edition: 1

Cultivate the skills necessary to follow your business intuitions

No matter how much background and training a trader or investor has, intuition remains the key personal asset to attaining financial success. Success depends on refining your intuition to a level that allows you to take the next step with unshakable confidence. But bringing yourself to this level is a daunting challenge--one that often requires you to override the logic of your acquired knowledge. With insights from industry success stories, exercises, and analysis from psychologists and psychiatrists, The Intuitive Trader shows traders and investors how to capitalize on their powerful intuitive skills so that they can take their trading to a new level.

* Interviews with preeminent psychologists and psychiatrists about developing intuition
* Extensive exercises that show the reader how to use intuition to enhance trading performance
* Words of wisdom from successful traders and investors, including Tony Saliba, Linda Raschake, Paul Tudor Jones, Jimmy Rodgers, and George Soros

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

Editorial Reviews

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's the ultimate market wisdom, and your key personal asset on the road to financial success--it's intuition. In The Intuitive Trader, Robert Koppel draws on his extensive knowledge of the markets--culled from decades of frontline experience, as well as insightful interviews with top traders--to lay out a fascinating, practical "blueprint" for developing and honing intuitive trading skills.

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

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

With extensive exercises that will show you how to use intuition to enhance your trading performance, The Intuitive Trader provides the insights and techniques you need to take your trading to a new level.

Advance praise for THE INTUITIVE TRADER

"The Intuitive Trader is an indispensable addition to a trader's library. Bob Koppel has clearly identified how traders can distinguish true intuitive trading impulses from market hunches. I highly recommend The Intuitive Trader."--John F. Sandner, Chairman Chicago Mercantile Exchange

"Koppel has opened the door for those willing to do the work. He has 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. The Intuitive Trader is an important book that will remain fresh years into the future when the trading system you bought no longer works..."--from the Introduction David Silverman, Director Chicago Mercantile Exchange

"Koppel cuts new ground in the exploration of intuition...that most traders will find as relevant and as indispensable as a quote screen. The Intuitive Trader is a must read for both the veteran and 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 a member of all principal U.S. commodities exchanges

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Product Details

• Hardcover: 256 pages
• Publisher: Wiley; 1 edition (April 19, 1996)
• Language: English
• ISBN-10: 0471130478
• ISBN-13: 978-0471130475
• Product Dimensions: 9.4 x 6.1 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (13 customer reviews)
• Amazon Best Sellers Rank: #926,742 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

23 of 25 people found the following review helpful:

2.0 out of 5 stars Not for beginners., September 28, 1998

By A Customer

This review is from: The Intuitive Trader: Developing Your Inner Trading Wisdom (Hardcover)

While the author interviews many successful traders from various backgrounds, the most repeated comment was that you get the intuitive response from years of experience. This would appear as commonsense to most.

Like riding a bicycle, you at first concentrate on balance. Then after you achieve a comfort level it becomes automatic or intuitive. With so many books on the market, writing a book on the premise that more experience brings on the ability to move by inner feelings is something one needn't pay for.

15 of 17 people found the following review helpful:

5.0 out of 5 stars Excellent Trading Book.Essential Reading!, September 15, 1999

By A Customer

This review is from: The Intuitive Trader: Developing Your Inner Trading Wisdom (Hardcover)

This is a very under-rated book.Probably the best book on trading psychology available.For professional and serious traders much more focused than anything else out there including the Disciplined trader which I enjoyed but didn't feel was as effective as The Intuitive Trader.

11 of 13 people found the following review helpful:

5.0 out of 5 stars practical wisdom, June 24, 2000

By 

Jim Ware (Chicago, Il) - See all my reviews

This review is from: The Intuitive Trader: Developing Your Inner Trading Wisdom (Hardcover)

Koppel's book, "The Intuitive Trader" provides excellent insights into the ways to combine left-brain (logical) and right brain (intuitive) skills to gain the competitive advantage. Koppel interviews established masters and shows how each of them rely on both the left and right sides of the brain. An excellent book for anyone in the world of professional investing.