The Mentally Tough Online Trader: A Sanity Guide for the Totally Wired Investor [Hardcover]

Robert Koppel (Author), Kenneth R. Johnson (Foreword)

Book Description

Publication Date: January 2000

With the rapid development of technology, sophisticated analytic and execution software, high-speed, real-time data availability combined with the electronic connections between markets, the traditional stresses of traders are magnified a million-fold. Now more than ever, the mental tools long used by professional traders are critical to the success of those looking to join the growing ranks of electronic day traders.

For the first time, master trader and nationally renowned author Robert Koppel brings his proven psychological insights for traders to the expanding electronic day trading frontier. According to Koppel, there can be disastrous results for traders without appropriate grounding, preparation and attitudes related to risk-taking, discipline, confidence, certainty and opportunity.

Make no mistake: Optimizing the trader's psychological preparation is the key to achieving bottom-line results. In no-nonsense terms, Koppel brings the proven trading strategies of nearly 30 years to a radically changing market. He shares these secrets:

* how to succeed in the new electronically connected trading markets * tactics for traders to filter out non-essential market data * strategies to overcome the challenges of screen-based trading * actions and attitudes that create positive results and optimize the game

Koppel also taps some of the most successful and "mentally tough" day traders to share their proven secrets and psychological strategies for winning in the brutal electronic day trading environment.

Editorial Reviews

From the Publisher

The Edge That Makes the Difference

Six years ago, not a single person traded online. Today a quarter of all individual investors do. If youve ever done any trading, you know that the experience is 99 percent emotion. If youve never traded online before, youre about to embark on an emotional roller coaster.

Becoming a mentally tough online trader is the edge that can make the difference between success and failure. In this groundbreaking new book by veteran trader and noted author Robert Koppel, you will learn what it takes to keep your head above water when the markets try to drown you:

* The emotional impact online trading and investing can have on you * How to live up to your full potential * Effective trading tactics and strategies: trends, money management,chart analysis, patterns * Preparing for the inevitable risks and stresses of online trading

About the Author

Robert Koppel is President of Innergame, a division of Rand Financial Services, a Chicago-based futures clearing member (FCM) clearing all major exchanges. He is one of the most respected authors in the trading arena and has been endorsed by both the Chicago Board of Trade and the Chicago Mercantile Exchange. He is the author of The Tao of Trading, Money Talks, and co-author of The Innergame of Trading and The Outer Game of Trading with Howard Abell.

Product Details

• Hardcover: 233 pages
• Publisher: Dearborn Trade (January 2000)
• Language: English
• ISBN-10: 0793138094
• ISBN-13: 978-0793138098
• Product Dimensions: 9.2 x 6.3 x 0.8 inches
• Shipping Weight: 1.2 pounds
• Amazon Best Sellers Rank: #3,070,017 in Books (See Top 100 in Books)

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