Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all--his fortune, his reputation, and his job--in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book--winner of a 2014 Axiom Business Book award gold medal--begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it--primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.
Everyday Habits and Exercises to Build Mental Resilience and Turn Failures Into Successes
Author: Martin Meadows
Publisher: Meadows Publishing
Category: Failure (Psychology)
Discover Everyday Habits and Exercises to Overcome Failure and Achieve Success How many times did you fail and gave up out of frustration or discouragement? How often does failure ruin your resolve and send you back to square one, only to fail over and over again, with little hope anything will ever change? Written by bestselling author Martin Meadows, From Failure to Success: Everyday Habits and Exercises to Build Mental Resilience and Turn Failures Into Successes reveals what failure really is and how to deal with it in a constructive way that will help you achieve success. The author has suffered through multiple failures in his own life. He spent several years launching one failing business after another. He struggled to change his physique, despite doing all the right things as preached by the experts. For a long time, his social life barely existed because he struggled with crippling shyness. In the book, he shares his vast experience of how he turned failure into a friend and finally achieved the success he had failed to reach for years. Here's just a taste of what you'll learn from the book: - A different way of thinking about failure. Applying this mental shift will change your perception of what failure and success are and fine-tune your brain to automatically convert obstacles into wins. - 7 types of failure and how to handle them - including failure due to self-sabotage, fear, unrealistic expectations, self-licensing, and more. Each chapter talks about a different source of failure and comes with tips on how to overcome it and prevent it in the future, along with valuable exercises you can perform to better understand the discussed concepts. - 5 rules and exercises to develop and maintain a success-friendly mindset. Discover 5 principles the author follows in his life to ensure that even with failures, he will eventually reach success with every goal to which he sets his mind. - A 5-step process to cope with failure and bounce back. If you're struggling to recover from failure, this strategy will offer you step-by-step instructions on how to process the failure and restart your efforts. - 3 master strategies to build strength to keep going. Discover three fundamental techniques that will help you build mental resilience and determination. - 4 reasons to give up. Contrary to what many self-help authors say, sometimes it's better to give up than keep trying. Learn when and why it's better to drop your objective and dedicate your resources to another goal. - 10 empowering stories of people who faced insurmountable obstacles, yet turned their struggles into immense successes. Learn from real-world examples from all walks of life. Failure is a fact of life. You can get angry at it or befriend it and use it as a tool to change your life. The choice is yours. If you'd rather take the constructive approach so you can eventually win, buy the book now, study it, and apply the teachings in your own life. You, too, can develop mental resilience and turn failures into successes!
Strategies to Pinpoint Trading Ranges, Trends, and Reversals
Author: Brendan Moynihan
Publisher: John Wiley & Sons
Category: Business & Economics
Successful traders know that before stepping into the wilderness ofthe speculative markets, you need a solid understanding of basicmarket behavior. But the conventional methods often fall short ofproviding this basic knowledge. Academics assert one thing,economists and fundamental analysts another, and technicianssomething altogether different. And, seemingly, none of them agreewith each other. Trading on Expectations explores the ideas behind the dominantschools of analysis, and shows the validity of each anddemonstrates how each, albeit at different times, reflects what themarket is doing. Sometimes market prices can be predicted using theeconomists' models; sometimes prices follow a "random walk" as theacademics claim; at other times price is responding to thepatterns, trendlines, and breakout levels identified bytechnicians. In this groundbreaking new book, Brendan Moynihan draws on hisexperience as a trader, analyst, and researcher to develop a methodthat focuses on the prime mover of prices and incorporates thestrengths of the conventional methods. Drawing on theparticipant-focused Chicago Board of Trade Market Profile and thepsychologically focused Contrary Opinion, he synthesizes andmodifies the best in these different methods and skillfully createsa single model of market behavior --the Sentiment-ActivityModel. Moynihan carefully describes how the combination of participants'actions and expectations about the future determines the directionof prices in the markets. This dynamic interaction between actionsand expectations explains the emergence of the dominant phases ofthe markets: price trends, trading ranges, and trend reversals.What's more, Moynihan's unique model enables you to pinpoint thecombinations of activity and sentiment that determine the threestates of the market as they unfold, in time frames ranging from asingle day to several weeks or months. The Sentiment-Activity Modelalso provides a way to determine how the market is likely torespond to various news items, explaining the apparent anomalies ofprice behavior in the process. To document his finding, Moynihanprovides illuminating applications over a multimonth time period tofour markets: Treasury bonds, soybeans, deutsche marks, and crudeoil. Offering a new, more powerful way of understanding the dynamics ofmarket behavior, Trading on Expectations is a must-read for alltraders in stocks, options, and futures. "Brendan Moynihan has studied the 'real' economists and found thetruth about how human action and individual motivations determinemarket prices. Trading on Expectations combines the best of thetraders' economic and technical tools. I recommend this book toanyone who wants to learn how to trade more successfully." --BrianS. Wesbury Chief Economist Griffin, Kubik, Stephens & Thompsonand former chief economist Joint Economic Committee of the UnitedStates Congress "In today's fast-forward society, readers of this book can quicklyabsorb the real essence of Trading Reality that takes years tounderstand. In fact, many traders have come and gone withoutrealizing how successful traders operate. It could take years togather the perspectives of this book. The Hightower Report plans touse the book for training its analysts!" --David C. Hightower,Editor The Hightower Report "Where most market texts simply reheat and serve the same oldapproaches, Trading on Expectations offers a fresh perspective bycombining the best of several market disciplines into a logicaltheory and workable system for trading all financial markets."--Michael Zentz Director of Fixed Income Research PegasusEconometric Group
Everything you need to pass Level I of the CMT Program CMT Level I 2016: An Introduction to Technical Analysis fully prepares you to demonstrate the basic competencies of an entry-level analyst, including a working knowledge of terminology and the ability to discuss key concepts and fundamental analytical tools. Covered topics address theory and history, markets, market indicators, construction, confirmation, cycles, selection and decision, system testing, statistical analysis, and ethics. The Level I exam emphasizes trend, chart, and pattern analysis. This cornerstone guidebook of the Chartered Market Technician® Program will provide every advantage to passing Level I.
Everything you need to pass Level I of the CMT Program CMT Level I 2017: An Introduction to Technical Analysis fully prepares you to demonstrate the basic competencies of an entry-level analyst, including a working knowledge of terminology and the ability to discuss key concepts and fundamental analytical tools. Covered topics address theory and history, markets, market indicators, construction, confirmation, cycles, selection and decision, system testing, and statistical analysis. The Level I exam emphasizes trend, chart, and pattern analysis. This cornerstone guidebook of the Chartered Market Technician® Program will provide every advantage to passing Level I.
STAY A STEP AHEAD OF THE MARKETS BY REJECTING GUESSES ABOUTTHE FUTURE AND TRUSTING TECHNIQUES THAT WORK Today there are as many investment opinions as there are people.But as many a scorned investor can attest, predicting the futureisn't easy. In fact, Being Right or Making Money, ThirdEdition explains that reliably predicting the future isoften not even possible. The good news is that it isn'tnecessary either. Once you stop trying so hard to be right aboutthe future, you can start making money. Being Right or Making Money, Third Edition containsa position trading strategy that any serious investor will want tokeep nearby. Using the unbiased, objective standard in this book,you can stay on-target for profit in all market conditions. You'lllearn how to create asset allocation models in both stocks andbonds, how to make sense out of contrarian opinion, and how to useindicators to keep you focused, no matter what. You won't find any shock-and-awe investing tactics in this book.Instead, Being Right or Making Money, ThirdEdition presents the solid trading model that has made NedDavis Research Group a go-to source for market wisdom.
#1 Wall Street Journal Bestseller The Obstacle is the Way has become a cult classic, beloved by men and women around the world who apply its wisdom to become more successful at whatever they do. Its many fans include a former governor and movie star (Arnold Schwarzenegger), a hip hop icon (LL Cool J), an Irish tennis pro (James McGee), an NBC sportscaster (Michele Tafoya), and the coaches and players of winning teams like the New England Patriots, Seattle Seahawks, Chicago Cubs, and University of Texas men’s basketball team. The book draws its inspiration from stoicism, the ancient Greek philosophy of enduring pain or adversity with perseverance and resilience. Stoics focus on the things they can control, let go of everything else, and turn every new obstacle into an opportunity to get better, stronger, tougher. As Marcus Aurelius put it nearly 2000 years ago: “The impediment to action advances action. What stands in the way becomes the way.” Ryan Holiday shows us how some of the most successful people in history—from John D. Rockefeller to Amelia Earhart to Ulysses S. Grant to Steve Jobs—have applied stoicism to overcome difficult or even impossible situations. Their embrace of these principles ultimately mattered more than their natural intelligence, talents, or luck. If you’re feeling frustrated, demoralized, or stuck in a rut, this book can help you turn your problems into your biggest advantages. And along the way it will inspire you with dozens of true stories of the greats from every age and era.
Some people buy shares as a long term investment. Others see them as a hedge against inflation and some investors are interested mainly in the dividends and a regular income. Daryl Guppy buys shares to sell - and he consistently makes money. Trading Asian Shares is aimed at serious investors and private traders who buy and sell shares in listed companies in the dynamic markets of SE Asia. It is about making money - and that means buying and selling for a profit. Daryl Guppy shows how to apply his remarkable approach to position share trading, enabling anyone with an interest in, and an understanding of, the markets to begin profitable share trading successfully. Trading Asian Shares is aimed at serious investors and private traders who buy and sell shares in listed companies in the dynamic markets of SE Asia. It is about making money - and that means buying and selling for a profit. Daryl Guppy shows how to apply his remarkable approach to position share trading, enabling anyone with an interest in, and an understanding of, the markets to begin profitable share trading successfully. Trading Asian Shares is supported by its own website, giving free up-to-date latest news on the hottest asian investment links. Daryl Guppy is one of Asia Pacific's leading writers and speakers on share trading. He is a member of the International Federation of Technical Analysts and the Australian Technical Analysts Association. He is a frequent speaker at investment seminars and conferences in South East Asia. · Identifying and benchmarking profitable asian shares · Using electronic tools to track smart money · Buying and selling asian shares at the right time
The go-to guide for launching a lucrative career in trading—fully updated for today’s turbulent markets One of today’s most successful traders, John F. Carter has made his popular guide more relevant and effective than ever. This new edition of Mastering the Trade includes the essential content that has made it a bestselling classic, and includes critical new information for making the best trading decisions in every situation. Combining insightful market overview with trading strategies and concepts, Carter provides: •Proven set-ups, with optimal markets and non-negotiable trading rules •Exact entry, exit, and stop loss levels for swing and intraday trading •Seven key internals, from Skew to VIX •Pre-market checklist for analyzing recent market behavior •Scanning techniques for pinpointing high-probability setups•Effective risk control techniques •Methods for ensuring your computer runs at max speed•Techniques for predicting market corrections From valuable hardware and software to market mechanics, pivot points, and position sizing, Carter delivers a suite of tools for beating out the competition on a regular basis. Mastering the Trade, Third Edition builds your expertise in knowing what’s working for you and what’s working against you, so you make a living on the frontlines of professional trading.
Methods to blend short-term techniques and profits into a longer-term trading program Despite reports of its demise, short-term tradingor swing tradingcontinues to be practiced by millions of investors. Short-Term Trading, Long-Term Profits explains how to learn the ropesand lay the necessary foundationto become a successful short-term trader. Sidestepping the costly trial-and-error learning process that has forced many traders to leave the arena prematurely, before they truly understood the rules, this timely book provides specific, practical guidelines and strategies for integrating short-term trading into an overall portfolio and financial plan. Short-Term Trading, Long-Term Profits acts as a solid bridge between the volatile world of day trading and the more traditional world of the long-term, buy-and-hold investor. Providing every tool the short-term trader needsfrom specific strategies for momentum trading and short selling to fundamentals of economic and market environmentit is the first book to effectively, honestly shorten the time frame for learning to be an effective short-term trader.
An in-depth look at the failure of Wall Street's "proven"financial models Origami is the Japanese art of folding paper into intricate andaesthetically attractive shapes. As such, it is the perfectmetaphor for the Wall Street financial engineering model, whichultimately proved to be the underlying cause of the 2008 financialcrisis. In Financial Origami, Brendan Moynihan describes how the WallStreet business model evolved from a method to transfer risk into amethod for manufacturing risk. Along the way, this timely bookskillfully dissects financial engineering and addresses how it'soften a mechanism to evade regulatory constraints, provideinstitutional investors with customized products, and, of course,generate revenue for financial engineers. Reveals how Wall Street's financial engineering business modelmorphed into something destructive Highlights how the origami model worked well in thecomparatively stable years of the early 2000s, when there was lessrisk to transfer Discusses how Wall Street began manufacturing risk by creatingproducts that multiplied risk exposures and encouraged subprimelending With the collapse of Lehman Brother the Wall Street businessmodel effectively broke. But there are many lessons to be learnedfrom what has transpired, and Financial Origami will show you whatthey are.
Change Your Mindset and Become a Millionaire, How Did I Earn 30 Million Dollars in Less Than 24 Months Out of Nothing
Author: Michael Grey
Publisher: Independently Published
Category: Business & Economics
JUST RELEASED: Discover A Self-Made Millionaire's Formula To Creating Massive Wealth & Living A Life Of Financial Freedom! Living a life of financial prosperity is not as hard as you might think - neither it's something just a few lucky people are destined to experience. Getting rich is actually easy, but only if you learn from people who have walked the walk! Just like you wouldn't get medical help from a truck driver, you should get financial advice from someone who is financially successful, with millions of dollars under his name. This Book Is A Must Have For You: -If you are tired of living paycheck to paycheck without even being able to pay your bills. -If you no longer want to spend your life trading your time for money and working at a job you hate. -If you hate being poor and not being able to live life on your terms. Generally, it's a must read if you want to increase your wealth without being told lies, spending tons of money on hyped courses or losing your sanity on the way to acquiring wealth. Learn The Wealth Secrets That Took Me 10 Years To Understand, In Just A Few Pages! Do me a small favor. Open your wallet now and see how much money is in there (or just check your bank account). If there is not enough cash to fill an entire pillow case, then you are either 1) broke or 2) average - in terms of wealth. If you like being broke or being average, then you can close this page. But, if you aspire for more - then you will find what you want inside The 30 Million Dollar Secret. The ONLY thing that's standing between you and enjoying the riches you always dreaming - is just one click! Scroll Up & Get Your Copy Now! "There is a Science of getting rich, and it is an exact science, like algebra or arithmetic. There are certain laws which govern the process of acquiring riches; once these laws are learned and obeyed by any man, he will get rich with mathematical certainty." Wallace Wattles
A Fable about Trading, Courage, and Doing the Right Thing
Author: Rob Booker
Publisher: John Wiley & Sons
Category: Business & Economics
Praise for ADVENTURES of a CURRENCY TRADER "A truly easy, unique, and enjoyable read! Rob has done it once again to teach us in the funniest way possible how not to make the most common trading mistakes. If you are tired of reading how-to books, this is perfect for you. I highly recommend this book to all traders. Everyone will learn something about themselves by reading this book." —Kathy Lien, author, Day Trading the Currency Market, and Chief Strategist, www.dailyfx.com "Adventures of a Currency Trader is a must read for anyone who has ever traded or is thinking about trading in the Forex markets. Rob Booker has a unique way of taking years of market knowledge and transforming it into an educational and entertaining experience. It has quickly become a cult classic in my trading library!" —H. Jack Bouroudjian, Principal, Brewer Investment Group "Brilliant! Rob's humor and humanity shine through in this parable about trading and life. Filled with wisdom and wit, it's an exhilarating rollercoaster ride through the peaks and valleys of the learning curve, with many valuable lessons learned along the way." —Ed Ponsi, President, FXEducator.com "Rob's fable of everyman 'Harry Banes' is destined to become a trading classic. This is both the missing piece and the foundation that comes before the strategies and methodologies. The search for the Holy Grail begins and ends in the heart and mind. The journey is authentic and real and if you're willing to take it with Rob, you will be rewarded in the end. Seldom has psychology and wisdom been so entertaining!" —Raghee Horner, trader and author of Forex Trading for Maximum Profit and Days of Forex Trading "In a series of insightful and entertaining vignettes, Rob Booker teaches both the novice and the experienced trader some hard won truths about the currency market. It's a must read book written by a guy who survived the trenches and went on to prosper in the biggest and most competitive financial market in the world." —Boris Schlossberg, Senior Currency Strategist, Forex Capital Markets LLC, and author of Technical Analysis of the Currency Market
The Last American Typesetter or How I Made and Lost 4 Million Dollars
Author: David Silverman
Publisher: Soft Skull Press
Category: Business & Economics
Two months before David Silverman’s 32nd birthday, he visited the Charles Schwab branch in the basement of the World Trade Center to wire his father’s life savings towards the purchase of the Clarinda Typesetting company in Clarinda, Iowa. Typo tells the true story of the Clarinda company’s last rise and fall — and with it one entrepreneur’s story of what it means to take on, run, and ultimately lose an entire life’s work. This book is an American dream run aground, told with humor despite moments of tragedy. The story reveals the impact of losing part of an entire industry and answers questions about how that impacts American business. The reader sees in Clarinda’s fate the potential peril faced by every company, and the lessons learned are applicable to anyone who wants to run his or her own business, succeed in a large corporation, and not be stranded by the reality of shifting markets, outsourcing, and, ultimately, capitalism itself.
The practical guide to investing the Warren Buffett way Creating a Portfolio like Warren Buffett: A High Return Investment Strategy highlights actual trades author Jeeva Ramaswamy has successfully executed using principles established by investment guru Warren Buffet. Clearly explaining how Buffett's principles can be used to make specific investments the book, unlike other investment guides, also clearly explains how to apply Buffett's exit strategies as they pertain to holding or selling positions. Giving readers a complete overview of Buffett's methodologies and how to apply them, the book is a step-by-step stock research checklist and comprehensive guide to investing and managing a successful stock portfolio. It includes detailed instructions to: Determine where to search for stock prospects Thoroughly research stocks using a stock research checklist Confidently make buy and sell decisions Expertly manage your portfolio Packed with specific stock examples, real-life calculations, and expert tips, Creating a Portfolio like Warren Buffett is your guide to harnessing the market savvy of an investing legend.
NEW YORK TIMES BESTSELLER • Includes Elizabeth Strout’s never-before-published essay about the origins of The Burgess Boys NAMED ONE OF THE BEST BOOKS OF THE YEAR BY The Washington Post • NPR • Good Housekeeping Elizabeth Strout “animates the ordinary with an astonishing force,” wrote The New Yorker on the publication of her Pulitzer Prize–winning Olive Kitteridge. The San Francisco Chronicle praised Strout’s “magnificent gift for humanizing characters.” Now the acclaimed author returns with a stunning novel as powerful and moving as any work in contemporary literature. Haunted by the freak accident that killed their father when they were children, Jim and Bob Burgess escaped from their Maine hometown of Shirley Falls for New York City as soon as they possibly could. Jim, a sleek, successful corporate lawyer, has belittled his bighearted brother their whole lives, and Bob, a Legal Aid attorney who idolizes Jim, has always taken it in stride. But their long-standing dynamic is upended when their sister, Susan—the Burgess sibling who stayed behind—urgently calls them home. Her lonely teenage son, Zach, has gotten himself into a world of trouble, and Susan desperately needs their help. And so the Burgess brothers return to the landscape of their childhood, where the long-buried tensions that have shaped and shadowed their relationship begin to surface in unexpected ways that will change them forever. With a rare combination of brilliant storytelling, exquisite prose, and remarkable insight into character, Elizabeth Strout has brought to life two deeply human protagonists whose struggles and triumphs will resonate with readers long after they turn the final page. Tender, tough-minded, loving, and deeply illuminating about the ties that bind us to family and home, The Burgess Boys is Elizabeth Strout’s newest and perhaps most astonishing work of literary art. Look for special features inside. Join the Random House Reader’s Circle for author chats and more. “What truly makes Strout exceptional . . . is the perfect balance she achieves between the tides of story and depths of feeling.”—Chicago Tribune “Strout’s prose propels the story forward with moments of startlingly poetic clarity.”—The New Yorker “Elizabeth Strout’s first two books, Abide with Me and Amy and Isabelle, were highly thought of, and her third, Olive Kitteridge, won the Pulitzer Prize in fiction. But The Burgess Boys, her most recent novel, is her best yet.”—The Boston Globe “A portrait of an American community in turmoil that’s as ambitious as Philip Roth’s American Pastoral but more intimate in tone.”—Time “[Strout’s] extraordinary narrative gifts are evident again. . . . At times [The Burgess Boys is] almost effortlessly fluid, with superbly rendered dialogue, sudden and unexpected bolts of humor and . . . startling riffs of gripping emotion.”—Associated Press “[Strout] is at her masterful best when conjuring the two Burgess boys. . . . Scenes between them ring so true.”—San Francisco Chronicle From the Trade Paperback edition.