Description
Book SynopsisExpert advice in a back-to-basics handbook on how to beat the market-the classic way
In Investment Psychology Explained Martin J. Pring, one of the most respected independent investment advisors in the world, argues that in the revisionist ''90s there are no quick, magical paths to market success. Rather, he emphasizes the timeless values of hard work, patience, and self-discipline-and much more. Drawing on the wisdom of creative investors such as Jesse Livermore, Humphrey Neill, and Barnard Baruch, as well as his own experience, Pring shows how to:
* Overcome emotional and psychological impediments that distort decision making
* Map out an independent investment plan-and stick to it
* Know when to buck herd opinion-and go contrarian
* Dispense with the myths and delusions that drag down other investors
* Resist the fads and so-called experts whose siren call to success can lead to disaster
* Exploit fast-breaking news events that rock the market
*
Table of ContentsKNOWING YOURSELF.
There Is No Holy Grail.
How to Be Objective.
Independent Thinking.
Pride Goes Before a Loss.
Patience Is a Profitable Virtue.
Staying the Course.
THE WALL STREET HERD.
A New Look at Contrary Opinion.
When to Go Contrary.
How to Profit from Newsbreaks.
Dealing with Brokers and Money Managers the Smart Way.
STAYING ONE STEP AHEAD.
What Makes a Great Trader or Investor?
Nineteen Trading Rules for Greater Profits.
Making a Plan and Sticking to It.
Classic Trading Rules.
Bibliography.
Index.
