The Art of the Trade; Mastering the Analytic and Intuitive Elements of Successful Trading (Hardcover)

~ (Author)

Editorial Reviews

Product Description

In July, 1998, trading veteran and author R. E. McMaster sold the market short just two days after its highNand two weeks before the 1998 market freefall! How did he know? McMaster's groundbreaking The Art of the Trade focuses on the psychology of trading. It tells you how to trade more effectively by integrating the analytic (logical) and intuitive (emotional) aspects of your personality into one properly balanced and powerful system. In addition, McMaster discusses specific trading strategies that have given him over 25 years of success in the markets. Like no book you've read before, the unique and powerful The Art of the Trade will show you how to achieve the mental and emotional balance required for successful trading.

From the Back Cover

Master your own "Psychological Capital" to eliminate distractions, withstand trading pressures--and win! R.E. McMaster's groundbreaking book, The Art of the Trade, provides a blueprint for success in all types of markets--equity and derivative, bull and bear, inflation or recession. Read it, and prepare yourself to evaluate the markets quickly, respond intuitively and unemotionally, and reap the rewards of a successful trader during the next major market move.

"The Art of the Trade is a must for everyone's library."--Richard Russell, Editor, Dow Theory Letters.
"Reading this book will empower the professional or novice alike with timeless principles for investing regardless of market conditions."--R.P. Pearce, Jr., President, Pearce Financial.
"This book shows the would-be trader what it's like to trade for a living, the common mistakes to avoid, and the tools necessary for successful trading."--Bert Dohrman, Editor, The Wellington Letter.
"Most books on trading show us how to make successful trades. McMaster shows us how to become successful traders. A real winner!"--John Golding, Chairman, Sterling Westminster Group.
"Realizing and utilizing the psychological influences on today's stock and commodity markets is indeed an 'Art' that McMaster has spent years understanding and perfecting."--Jeffrey H. Fox, President, Fox Investments, Rosenthal Collins Group.

See all Editorial Reviews

Product Details

• Hardcover: 224 pages
• Publisher: McGraw-Hill Companies (January 31, 1999)
• Language: English
• ISBN-10: 0070455422
• ISBN-13: 978-0070455429
• Product Dimensions: 9.1 x 6.1 x 0.9 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 4.4 out of 5 stars  See all reviews (23 customer reviews)
• Amazon.com Sales Rank: #835,627 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

5 of 5 people found the following review helpful:

5.0 out of 5 stars A Must for All Trading Libraries, April 17, 2002

By	Self Help Specialist (Phoenix, AZ United States) - See all my reviews

I thought this one of the top five trading books I have ever read. Not only did he describe many new concepts-80/20 rule applied to your trading, psychological capital as different from financial capital and trade like the millionaires but he also showed me weaknesses in my trading and helped me correct these.

It has your basic rules but he assumes you have your own system and the ability to put on a trade-he just filled in a lot of blanks areas of my trading personality and that opened me up to new ways to do things.

The author has defintiely been kicking arounde for a long time and is a good example of a person who has probably forgot more than I will ever know. Trust me, if you read it you will buy it.

5 of 5 people found the following review helpful:

4.0 out of 5 stars A good book about the mental aspects of trading., November 4, 1999

By	James Lor "James Lor" (Montreal, CANADA) - See all my reviews (REAL NAME)

This is the best book written about the psychological and mental aspects of trading. This book hasn't got much about technical analysis, entry or exit points, but tells you how to handle trading mentally.

9 of 12 people found the following review helpful:

3.0 out of 5 stars Good advice, June 17, 2000

By	"gillescha" (Quebec-City, Canada) - See all my reviews

A lot of basic concepts, cut your losses, be disciplined etc. Author compares traders to gamblers in chap. 1. Personnally I dont think both can be compared.

Author recommands to trade via a broker over the phone (book written in 1999) where I strongly disagree. We're in the computers and internet era. Not in the wheel era. Trading via a stockbroker is obsolete and is a waste of time in the year 2000.

Excellent book for the average trader, overall. Chap. 7 and 8 worth the price of the book. A great concept that needs to be read about the trader's inner ressources. The rest is known usual stuff.

The conclusion of the book should be re-written. Author missed it totally.

Overall, a fair book.