THE PATH TO SUCCESS IN TRADING

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The Ultimate Strategy for Consistent Trading Success: Mastering Probability and Emotions

Why can’t you win at trading even though you know "how to win"?

In this book, the author, who has finally reached the "essence of trading" despite being swayed by numerous false beliefs and emotional waves, specifically shows how to become a consistent trader based on probabilistic thinking, through years of experience and deep insights.

For those who are swayed by emotions:

In the world of trading, false beliefs such as "losses are bad" and "winning and losing are everything" often create emotions like fear, anxiety, and impatience, leading to rule-breaking. However, the author points out that the problem is not the emotions themselves, but the underlying "lack of understanding of trading." This book focuses on the "thought processes" that create emotions detrimental to trading success, aiming to fundamentally treat emotions by replacing false beliefs with an essential understanding such as "why losses are necessary" and "how losses lead to profits."

Harnessing probability and statistics:

Since "short-term results are random," it is important to leverage the system’s edge from a "long-term perspective" rather than being swayed by the outcome of a single trade. This book explains how to deepen trust and understanding of the system through thorough backtesting and practice, and how to make the most of probabilistic laws. By trusting statistical data based on a large sample size, you can trade consistently without being misled by immediate results.

Mastering the advanced skill of "waiting":

Impatience produces low-quality trade samples and reduces the system’s edge. This book defines "waiting" as a high-level skill that only superior traders possess, and conveys the mindset necessary to discern the right timing and execute trades according to the rules.

The "ultimate strategy" this book conveys:

It is the mindset shift of "I am not responsible for the outcomes." As long as you are trading according to the rules, the results are part of the system and beyond your control. This book asserts that this mindset shift is essential to be freed from emotional suffering and to truly focus on the process.

"The difficulty of trading is determined by you."

By mastering the thought process that controls probability and emotions as explained in this book, trading becomes a simple and highly repeatable task.

Grab this book now and master the "ultimate strategy" in trading.


This book is not about explaining trading strategies, but focuses on the mindset and psychology of a trader.

Review:

5.0 out of 5

100.00% of customers are satisfied

MUST READ.

C.K. · 24 September 2024

The best book about the mindset necessary to be a profitable trader i ever read. Yumi writes about a trader's job in a way clearer than anyone.

The Much Needed Successor To Trading in The Zone

S. · 8 September 2024

I love this book. I am very happy I bought this. The quintessential trading psychology book that should be recommended to whoever at the start of their careers as a must read. The truth of this industry lies inside this book.

Great book

j. · 2 September 2024

This book is a valuable resource for traders who wants to achieve long-term success

A book that is right up there with legends like Trading in the Zone

m. · 7 September 2024

I am a full time trader and IMHO this book is a must read for all traders new or seasoned. The importance of backtesting is drill relentlessly in the book and understanding the job description of a trader is just pure gold. Did the first reading in Kindle and then bought the paperback version. My only grouse is this doesn't come in hardcover and audible version.

Makes some great points

S.S. · 29 August 2024

Very easy read without all the fluff. Simple yet effective and worth a re-read with a highlighter. Makes some great points that many potentially struggling traders may not think about on a day to day basis. Personal reflection will be required and is actually a must to get and stay consistent.

THE PATH TO SUCCESS IN TRADING

4.9

BHD7996

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Product origin: United Kingdom

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