How To Become A Successful Trader: The Trading Personality Profile: Your Key to Maximizing Your Profit With Any System (Paperback)

by Ned Gandevani (Author)
Key Phrases: frame dependence, winning edge, excitement seeking, Trading Personality Profiles, The Two Pillars of Successful Trading, Maximizing Your Trading Performance (more...)

Editorial Reviews

Product Description
How To Become A Successful Trader offers an exciting tool for traders, investors, and hedge fund managers to maximize their trading performance. You gain a deeper understanding about how to enhance the positive forces of your psychology to create a winning career. With the knowledge of your Trading Personality, you are able to customize strategies and decide which method of trading; either Discretionary System, a Mechanical System, or a Hybrid System is best suited to your personality. This book provides a road map and selection criterion for mutual funds, banks, hedge fund mangers and trading firms on how to choose a more effective trader for their firm. Dr. Gandevani's book utilizes a scientific research in dealing with trading psychology. His professional experience in trading and dealing with many traders whom he has trained as well as extensive research on psychology provided the unique and necessary insight for writing this book.

About the Author
Dr. Ned Gandevani is a professional trader and developer of the renowned Winning Edge S&P Methodology, formed based on Chaos Theory, He holds his MBA and Ph.D. degree in Finance. He has researched market behavior for 5 years prior to any trading. Dr. Gandevani has trained and coached many professional traders for nearly a decade. He has written articles that some of which have been published in magazines such as Stocks and Commodities. Dr. Gandevani is a member of prestigious professional organizations such as American Finance Association (AFA), Society of Quantitative Analysts (SQA) and affiliate member of Market Technician Association (MTA). He has administered the TPP test to a wide array of professional fund managers and traders and has designed developmental and complementary strategies for students to increase their trading performance. Dr, Gandevani has conducted Trading Psychology Seminars across the United States and Europe.

Product Details

• Paperback: 294 pages
• Publisher: IUniverse (November 19, 2002)
• Language: English
• ISBN-10: 0595243894
• ISBN-13: 978-0595243891
• Product Dimensions: 8.8 x 6 x 0.8 inches
• Shipping Weight: 14.4 ounces (View shipping rates and policies)
• Average Customer Review: 4.8 out of 5 stars See all reviews (8 customer reviews)
• Amazon.com Sales Rank: #198,431 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

9 of 12 people found the following review helpful:

5.0 out of 5 stars The Trading Personality Profile, December 18, 2002

By A Customer

The Trading Personality Profile, by Dr. Gandevani, describes how a trader can identify his/her personality traits and furthermore provides supplemental strategies designed to maximize desirable traits and neutralize negative traits. Determining your trading personality is crucial because you discover which types of trading approaches are best suited for YOU. This enables the trader to bridge the profit/loss gap between a trading system's hypothetical performance and the trader's actual performance.
On a personal level, I have developed an awareness of my personality/characteristics and as a result, many of my thoughts and actions are both scientifically explainable and often times predictable. I am now conscious of my irrational beliefs (derived from my weak traits) and am able to remedy them before they become undesired behaviors.(i.e. bad trades)
Every trading day I apply the concepts in this book. I made an outline of the impeding "traps" that I am vulnerable toward (according to my weaknesses) along with the corresponding corrective strategy so that I can conveniently refer to the concepts as the day progresses. This prohibits me from creating any costly mistakes by knowing how to diagnose the belief &/or behavior.
The information I received about myself from this book has helped immensely. The book has saved me time, $$$, and potential frustration. I am sure it will help put you on a profitable path to success as well.

8 of 11 people found the following review helpful:

5.0 out of 5 stars Rock solid. Results gauranteed., April 3, 2003

By	Nikolaos (Long Island, NY USA) - See all my reviews

The business of trading financial markets is perhaps one of the most daunting endeavors an individual can undertake. One with a multitude of technical and fundamental approaches which can bewilder any new trader (and many experienced traders as well). After countless hours and perhaps years of hard work in researching and understanding markets the journey down the path to a successful trading career has only just begun. Now the real work begins.

If one is truly eager to discover the individual that lies beneath just become a trader and you are assured to find out. Every emotion you have ever experienced and many not yet experienced will take residence on your desk right next to your monitors...permanent residence for most.

Flip through any magazine focused on trading and you will see countless ads promoting the latest and greatest trading systems and tricked out software which will give you the edge you need. Nonsense. What truly separates the consistent winners from the rest is simply psychology. Mastering psychological mechanisms which trigger all trading decsisions is the real edge winners have over losers. Yet for every 100 or so books written on trading methods, perhaps one will focus on trading pyschology. And those few have been lacking to say the least.

Enter Dr. Ned Gandevani. "How To Become A Successful Trader" is an instant classic that cuts to the chase and sets the record straight, once and for all. Beyond just theory, Dr. Gandevani's use of solid research and fresh ideas delivers on the title. If one is truly honest with himself, Dr. Gandevani's Trading Personality Profile (TTP) will target all strengths and more importantly, all weaknesses in one's personal makeup. But it doesn't end there. Dr. Gandevani not only highlights flaws but offers ingenious, yet practical methods to correct them. Methods that are not only applicable to trading, but to life as well.

This groundbreaking work is a must read for all traders, period.

5 of 7 people found the following review helpful:

5.0 out of 5 stars Finally, a book on the science of psychology in trading., December 4, 2002

By A Customer

The Trading Personality Profile is the first book I have read which identifies the science of psychology to trading. I have read a number of books and arcticles which focus on pop psychology, telling the reader that it's discipline, persistence, determination and focus which will render success. However, there is a serious dillema. These books never identify the science of why we are incapable of achieving success as traders or investors. Dr. Gandevani has finally written a book which is a must read for any serious individual in the investment community, or anyone who is interested in bettering their lives. He recognizes that we must first understand ourselves with a Trading Personality Profile Test, which identifies our strengths and weaknesses in all facets of our personlaity and character. In turn, this allows us to genuinely focus on the real issues at hand. If you are a dedicated student of the markets or in life, then this is a must read. It is perhaps the finest book I have ever read on the subject of psychology in trading.