How To Become A Successful Trade: The Trading Personality Profile: Your Key to Maximizing Your Profit With Any System
by Dr. Ned Gandevani
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 of 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 roadmap and selection criterion for mutual funds, banks, hedge fund managers 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.
Most Helpful Customer Reviews
11 of 14 people found the following review helpful:
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 impending “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.
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 articles 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 dilemma. 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 personality 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.