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HomeShop at BookSurgeHealth & FitnessAlternative TherapiesThe Subtle Trap of Trading: Why So Many Smart People Don't Make Money Trading, And How To Get On The Right Track In Less Than Two Hours |
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| Customer Reviews: | | Average Customer Review: ( 7 customer reviews )
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Most Helpful Customer Reviews
5 of 6 found the following review helpful:
 Overpriced Jul 26, 2009
By SP
There's nothing wrong with the content, all good advice. But there is nothing that isn't in a lot of other trading books. Plan your trade etc. Although I had not read the advice to make sure you have enough space to trade before!
150 pages of widely spaced font. At half the price it would be OK.
And as for the $397 worth of free bonus tools; someone missed a decimal point after the 3.
Then you can always refer to the website, with it's broken links.
3 of 5 found the following review helpful:
Not much stuffes Oct 20, 2009
By Dragon
"Alex"
Not like the book described, not much to learn, there is nothing as regard to trading strategy.
7 of 12 found the following review helpful:
 Awesome Book for any serious trader Sep 21, 2006
By S. Hoffman
I've spent the last year just working on my trading psychology, the true "Holy Grail" of trading, and I've heard pieces of the wisdom in this book echoed in many places. What Brian has achieved in this easy-to-read guide is a distillation of how to identify, and focus on correcting, the chinks in one's emotional armor.
The concise nature of his approach makes it much easier to really 'get it' with regard to how, as trader's, our emotions can cause us to stack the deck against ourselves. The exercises help to zero in on those issues that throw up blocks to effective trading.
Don't just read it and put it on the shelf. This book is great for a regular 'tune-up' to improve trading performance and consistency in one tight package.
5 of 9 found the following review helpful:
Gives my trading structure Jun 07, 2007
By Dean
After buying the subtle trap I realized I was falling in two key areas.
One was the inability to know where my emotions were costing me money.
It helped me to set up a process where by I can not escape those bad habits from being exposed should I fall into them again. For example, after every trade I go through a check list which tells me if any of the bad habits are re-occuring, and I can tell you in less than 1 month this method eliminated a habit that cost me tens of thousands of dollars over several years.
Two, was not understanding the power of setting objectives.
An example was when I entered in a two week trading competition where instead of setting a goal to win, I just set a goal to achieve a certain ROI. In order to do this though, I had to know my win to loss ratio of my system, and the number of opportunities I would get in the two weeks.
Armed with this I knew what I had to do to reach my objective, and I did reach my objectives. The issue here is that unless there's some sort of plan and way to implement this plan, your method is flawed. The subtle trap is great for making all of that so easy to understand.
I will say this, if you've been trading for a while now with no success, and then you read the subtle trap and it makes no difference what so ever to your trading - you need to find another profession.
11 of 19 found the following review helpful:
See the trap. Avoid the trap. Sep 12, 2006
By John Forman
"Author -The Essentials of Trading"
It doesn't matter whether you are new to trading or have been at it for years. The Subtle Trap of Trading is a must read. Author Brian McAboy goes to the very root of trading in terms of both its appeal and the pitfalls that lure creates.
Many people in the markets are essentially self-taught to a great degree. That means they were never told about certain stumbling blocks in a personal way - things which can seriously trip up one's trading performance. In this book, McAboy outlines why you can easily find yourself doing things as a trader you would never have thought you'd do - things seemingly completely out of character. This is the stuff that can doom you to failure.
Importantly, though, the author doesn't just tell you what the trap is. He explains in clear terms how you can avoid it and provides exercises to help you along the way. For that reason, The Subtle Trap of Trading should be near the top of your trading reading list.
See all 7 customer reviews on Amazon.com
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