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| Customer Reviews: | | Average Customer Review:
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4 of 6 found the following review helpful:
Gives my trading structure Jun 07, 2007
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.
6 of 11 found the following review helpful:
Awesome Book for any serious trader Sep 21, 2006
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.
6 of 13 found the following review helpful:
The Subtle Trap of Trading, by Brian McAboy Sep 15, 2006
Brian's book is an ingenious work. It illuminates the path one needs to achieve success in the world of financial trading and it is sorely needed. The staggering amount of money and time I spent becoming a successful trader could have been easily reduced by 2/3 had I followed the outline Brian presents. Its a gift. Dan K, Kerry, Ireland
12 of 20 found the following review helpful:
See the trap. Avoid the trap. Sep 12, 2006
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.
5 of 11 found the following review helpful:
Not only is this a First Class Read, it focuses on YOU as a Trader! Sep 12, 2006
The Subtle Trap of Trading by Brian McAboy should be required reading for any trader at any experience level. It is not only well written, its message is important and targeted to assist traders of any market at any stage in their trading journey. It is tailored to the individual trader so that the honing of the trader's point of view and style is the area that gets the needed attention. Terrific Value! Great Job Brian!
Sara Peterson
Individual Trader with 5 years experience in Futures Trading.
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