With rare insight based on his first-hand commodity trading experience, the author demonstrates why the beliefs learned to function effectively in society are often formidable psychological barriers in trading. After examining the causes for the development of losing attitudes, the book prepares the reader for a thorough "mental house cleaning" of deeply rooted concepts and traditional thought processes. It then shows the reader how to develop and apply attitudes and behaviors that transcend psychological obstacles and lead to success.
This insightful book spells out the underlying reasons for a lack of consistently profitable trades, and--through simple exercises--teaches traders to think in terms of probabilities, while adopting the core beliefs necessary to assume a "winner's mindset." Offers specific solutions to the "human factor" problems of trading.