What I Learned Losing a Million Dollars [Hardcover]

Jim Paul (Author), Brendan Moynihan (Author)

Product Details

• Hardcover: 190 pages
• Publisher: Infrared Pr (June 1994)
• Language: English
• ISBN-10: 0963579495
• ISBN-13: 978-0963579492
• Product Dimensions: 9.1 x 6.1 x 0.8 inches
• Shipping Weight: 14.4 ounces
• Average Customer Review: 4.4 out of 5 stars  See all reviews (24 customer reviews)
• Amazon Best Sellers Rank: #75,011 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

32 of 33 people found the following review helpful:

5.0 out of 5 stars A rare book indeed., November 27, 2007

By 

rimshaker - See all my reviews

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This review is from: What I Learned Losing a Million Dollars (Hardcover)

I'm a self taught investor/trader (arent we all) so I've collected my share of books. But this one by Jim Paul/Brendan Moynihan is the most unique book I have ever read so far. It's the only book which correctly points out that trading and investing are personal journeys; about finding out who are you, and then how to manage what you find out. Until you do, one can never be consistently successful at this game. This is largely why the public can never make a career out of trading. It never dawns on them that it's all about soul searching and then applying your strengths while controlling your weaknesses. Everyone is different; which is why there are infinite ways to make a profit. There are no "secrets" to trading. It never dawns on them that investing seminars are utterly useless. It never dawns on them that you don't have to watch CNBC either.

The book is basically two sections. Jim describes his life stories in the first part, then Brendan writes about the psychology of it all in the second part. Copies of this book are relatively pricey given the rarity. Wait until several sellers show up to take advantage of price competition. Good luck trying to find it in public libraries. This book is worth every dollar I spent to read it. It's one of those that you'd want to reread once a year so you never forget the correct way to approach the markets. The earlier in your career you get a chance to read this book, the better off you'll be.

25 of 26 people found the following review helpful:

5.0 out of 5 stars One of the best books on trading out there ..., May 11, 2001

By 

Michael E. Strupp (Chicago, IL) - See all my reviews
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This review is from: What I Learned Losing a Million Dollars (Hardcover)

This book should be required reading for anyone who thinks they "wanna trade like the pros" and become a full-time financial markets trader. This book makes it clear that most people don't lose because of what the market does but because of how they respond to the markets ... and how they handle losing trades.

Jim Paul's realization that there are countless ways to make money in financial markets and only a few ways to lose it is very insightful and though provoking. Read it again and again.

23 of 24 people found the following review helpful:

5.0 out of 5 stars The Psychological Dynamics of Loss, May 29, 2002

By 

Christopher G. Roche (Weehawken, NJ United States) - See all my reviews
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This review is from: What I Learned Losing a Million Dollars (Hardcover)

The title of this review is a chapter in Jim's book. I bought this book after Jim passed away on September 11, 2001 in 1 World Trade Center. He told us about this book in 1997, and I was so glad it was still in print. It is an excellent book, and it is written by an extraordinary individual. When I met Jim I could tell he was amazing, and his personality comes through in this work, which is part autobiography and part trading treatise. Jim's rise and fall and subsequent rise again makes for an incredible story, and his insight into the markets are superb. Even if you are not interested in the market, this book is worth purchasing just to learn more about Jim's amazing life story. Jim is candid, funny and dynamic in this work. I wish the world had more people like Jim Paul and more books like "What I learned While Losing a Million Dollars."