Ari Kiev

Trading Stress

• Gebundenes Buch

Produktbeschreibung

In Mastering Trading Stress , author Ari Kiev a psychiatrist who specializes in stress management and works extensively with traders offers examples, transcripts of conversations, and personality profiles of real life traders to illustrate how stress affects their ability to perform at their best.

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Praise for Mastering Trading Stress

"Ari Kiev helps traders master the internal pressures that skew perception and decision making. A concise and readable guide, this book effectively utilizes case studies to illustrate the varied manifestations of stress and what to do about them."
--Brett N. Steenbarger, PhD, author, The Psychology of Trading and Enhancing Trader Performance

"In this groundbreaking book, Kiev undertakes a unique exploration of the impact of emotion and psychology on the trader and his or her investment strategy. The lessons of this book--supported with hallmark Kiev case studies--will resonate with any market participant."
--Matthew S. Grossman, Chief Investment Officer, CR Intrinsic Investors LLC, a division of SAC Capital

"Ari Kiev has a tremendous ability to deliver solutions for managing trading stress. This book will benefit aspiring and established traders much as they have benefited me and others who have learned from him directly. I highly recommend this book."
--Wayne Holman, founder and CEO, Ridgeback Capital Management LLC

"Put me in, coach! Kiev tells real-life stories from the front line--peeling back the cover on the role of psychology and emotion in trading. His insights and paradigmatic narratives are practical and powerful--enough to get any trader off the sidelines and back in the game."
--Ciaran O'Kelley, Co-Head of Global Equities, Bank of America

"Ari Kiev has researched the biggest impediment to trading success: human psychology. His readers will learn to transcend their current boundaries and achieve greater success. Demanding and forthright, Ari's insights challenge us to raise our game in an original and compelling way."
--Quintin Price, CIO, EMEA Pacific Equities, BlackRock

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Produktdetails

• Wiley Trading Series
• Verlag: Wiley & Sons
• 1. Auflage
• Seitenzahl: 224
• Erscheinungstermin: 1. Dezember 2007
• Englisch
• Abmessung: 235mm x 161mm x 21mm
• Gewicht: 410g
• ISBN-13: 9780470181683
• ISBN-10: 0470181680
• Artikelnr.: 22991478

Autorenporträt

ARI KIEV is a psychiatrist who specializes in organizational psychology, stress management, and performance enhancement. He is President of the Social Psychiatry Research Institute and is recognized worldwide for his pioneering work in transcultural psychiatry, suicidology, and psychopharmacology. Kiev is the author of four trading books: Trading to Win, Trading in the Zone, The Psychology of Risk, and Hedge Fund Masters. In recent years, he has developed The Trading To Win training programs for dealing with trading stress, portfolio management, risk control, and leadership as they relate to peak performance in the trading arena. For more information, visit www.arikiev.com

Inhaltsangabe

Preface xi
Acknowledgments xiii
Introduction xv
Chapter 1 The Nature of Stress: What is Stress and Why is It a Problem? 1
The Fight-or-Flight Alarm 2
Differences in Stress Responses 5
Personality Factors 7
The Stages of Stress 8
Taking It Step-by-Step 10
Chapter 2 The Emotions of Stress: What Negative Emotions are Experienced as
a Result of Stress? 13
Fear and Greed 14
Guilt 21
Worry 23
Anger 24
Euphoria 27
Chapter 3 The Dangers of Trading under Stress: How Do Attempts to Handle
Stress Create Problems for the Trader? 29
Trading Despite Stress 30
Avoiding the Stress 34
Creating a Social Persona 39
Competing to Win 44
Being Indecisive 51
Chapter 4 How Fear Inhibits Mastery: Can You Learn to Lessen the Central
Emotion of Fear? 53
Responding to Fear 54
Disciplining for Success 55
Relinquishing the Need to Be Perfect 57
Maintaining Psychological Energy 59
Starting with a Clean Slate 62
Chapter 5 The Consequences of Negative Emotions 63
Greed and Risk Management Errors 64
The Difference between Confidence and Arrogance 70
Mistakes of Insecurity 71
Why Not to Avoid Negative Feelings 78
How Negative Emotions Lead to Impulsive Behavior 80
Chapter 6 Personalities and Stress 87
List Makers (Analytical Thinkers) 89
Intuitive Thinkers 92
Optimist/Pessimist/Realist 94
Are You Confident or Insecure? 96
Make the Most of Your Personality 97
A Winning Personality 98
Chapter 7 Ego and Obstinacy 101
A Stubborn Nature 102
Refusal to Accept Commands 105
Difficulty with Management 106
Chapter 8 Fear and Failure 111
Afraid to Win 112
Failing to Commit 115
Moving Forward 119
Chapter 9 Perfectionism and Paralysis 123
The Problem 124
Finding a Solution 124
What about You? 128
Chapter 10 Failing to Manage Risk 131
Risk Management for a Vision 132
The Psychology of Risk 136
The Importance of Self-Analysis 137
Asking the Right Questions 139
Assessing Your Attitude toward Risk 140
Looking for the Positive 142
Relaxation and Risk 143
Taking Responsibility 144
Chapter 11 Failure to Dig Deeper 147
Discerning the Importance of Data Analysis 149
Too Much or Not Enough? 151
Gathering the Information 152
Reducing Stress 155
Chapter 12 Failures in Shorting 159
Reluctance to Short Stocks 160
Stress and the Short Squeeze 162
Steps of a Good Short Seller 164
Chapter 13 Learning to Live with Stress 171
Learning to Observe 172
Creating New Life Principles 178
Reframing Negative Thoughts 179
Choosing an Objective 182
Defining New Priorities 183
Chapter 14 Exercises and Practical Applications 185
The Most Basic Stress Busters 187
What to Do When You Have a Breakdown 188
Importance of Commitment 196
Index 199

Rezensionen

"One of the most fascinating aspects of most of Mr. Kiev's books is how attuned he is to the trading profession. His books -- and this one is no exception -- rely heavily on case studies and interviews with traders. Once could guess that the author is a trader himself based on the technical trading advise he gives his patients. ... Mr. Kiev always returns to the same fundamental theme. A trader cannot eliminate stress, but he can learn to cope with it. In fact, mastering stress is a requirement for success because the biggest mistakes are caused by stress and mismanaged emotions."-- (Accredited Investor magazine)

"...a welcome addition to Kiev's other ground breaking trading books...one that experienced and novice traders will greatly benefit from." (Futures Magazine, August 2008)

"One of the most fascinating aspects of most of Mr. Kiev's books is how attuned he is to the trading profession. His books -- and this one is no exception -- rely heavily on case studies and interviews with traders. Once could guess that the author is a trader himself based on the technical trading advise he gives his patients. ... Mr. Kiev always returns to the same fundamental theme. A trader cannot eliminate stress, but he can learn to cope with it. In fact, mastering stress is a requirement for success because the biggest mistakes are caused by stress and mismanaged emotions." (Accredited Investor magazine)