Ari Kiev

The Psychology of Risk

Mastering Market Uncertainty

• Gebundenes Buch

Produktbeschreibung

In "The Psychology of Risk": "Mastering Market Uncertainty", renowned psychiatrist and trading coach Ari Kiev builds on his internationally acclaimes books "Trading to Win" an "Trading in the Zone" to explore the psychology behind risk an trading. By focusing on your appetite for risk-taking, your ability to manage and adapt to risk, and your pathological patterns of risk-taking, Kiev shows you how to overcome the psychological obstacless of risk that undermine your decision-making process and abilityx to cut losing trades and stick with winners.

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One of the financial world's most respected experts on the psychology of risk provides a revolutionary risk management model
Over the past three decades investors have adopted all varieties of complex quantitative systems for quantifying and managing risk. Yet, sophisticated investors and money managers continue to suffer record losses in today's increasingly volatile markets. This book bridges the gap between investor psychology and quantitative risk management with a revolutionary risk management program that virtually any trader or investor can easily adapt to their goals and personalities. Using numerous fascinating real-life case studies, Dr. Kiev illustrates the various psychological and emotional traps to which even the savviest investors can fall victim. He develops a dynamic new risk management model that combines quantitative models and money management techniques. He also provides rigorous guidelines that will help readers answer such crucial questions as: How much should I trade? How much risk can I handle? and When should I get out?

Produktdetails

• Wiley Trading Series
• Verlag: Wiley & Sons
• 1. Auflage
• Seitenzahl: 304
• Erscheinungstermin: 19. April 2002
• Englisch
• Abmessung: 235mm x 157mm x 23mm
• Gewicht: 546g
• ISBN-13: 9780471403876
• ISBN-10: 0471403873
• Artikelnr.: 10528458

Autorenporträt

ARI KIEV, MD, is a practicing psychiatrist who has received recognition in the financial community for his insights into the psychology of decision making under stress and for the creation of goal-directed programs to enhance trading performance. He is the author of fifteen books, including Trading to Win: The Psychology of Mastering the Markets, Trading in the Zone: Maximizing Performance with Focus and Discipline, and the bestselling masterpiece A Strategy for Daily Living. He is President of the Social Psychiatry Research Institute in New York, has appeared on CNBC and CNNfn, and has been featured on Forbes.com, cbsmarketwatch.com, in The New York Times, and The New York Post. Dr. Kiev frequently writes for Active Trader magazine and was featured in Stock Market Wizards by Jack Schwager for his significant contributions to some of Wall Street's most successful hedge funds. If you would like to contact Ari Kiev, please send an e-mail to [e-mail].

Inhaltsangabe

Introduction. PART ONE: THE ESSENTIALS OF RISK TAKING. Chapter One:
Defining Risk. Considering a New Approach. Understanding the Psychology.
Identifying the Problems. Chapter Two: Understanding the Approach. Making
the Commitment. Setting a Target. PART TWO: THE PROBLEMS OF RISK. Chapter
Three: Handling Your Emotions. Defining the Life Principle. Examining the
Emotions of Trading. Understanding the Stress Response. Creating a New Life
Principle. Owning Your Responses. Dealing with Anger. Maintaining Your
Concentration. Chapter Four: Learning to Let Go. Battling Perfectionism.
Overcoming Mental Accounting. Combating Paralysis. Learning to Become
Flexible. Hoarding Stub Ends. Considering the Herd. Releasing the
Rationalizations. Acting Now. PART THREE: THE PERSONALITIES OF RISK.
Chapter Five: Profiling Passive Traders. Cautious Traders. Fearful Traders.
Insecure Traders. Committing to a Result. Choosing What You Have.
Discovering What Is Missing. Chapter Six: Profiling the High-Risk Trader.
The Solutions. Chapter Seven: Recognizing the Master Trader. Defining the
Master Trader. Developing Mastery. Assessing Your Progress. PART FOUR: THE
PRACTICE OF RISK TAKING. Chapter Eight: Increasing Your Risk. Understanding
the Value of Statistics. Using Specialized Techniques. Chapter Nine:
Handling Failure . . . and Success. Recognizing a Breakdown. Managing the
Emotions of Breakdown. Turning Breakdowns into Breakthroughs. Recreating
the Wins. Remembering the Plan. Chapter Ten: Doing the Work. Discerning the
Importance of Data Analysis. Determining What Is Relevant. Understanding
the Business Model. Paying Attention to the Catalysts. Interpreting the
Silent Data. Using Technical Analysis. Chapter Eleven: Coping with Risk:
Coaching, Teamwork, Systems. Consult a Coach. Take Advantage of Teamwork.
See About a System. Conclusion. Index.