Laws of Trading: A Trader's Guide to Better Decision-Making for Everyone

The Laws of Trading is a book about decision-making through the lens of a professional prop trader, drawing upon years of insights on the trading in real markets, good and bad. It teaches you how to master decision-making skills needed to profitably trade in modern markets, find and think about the "special edge" of your organization, and handle the interaction of people with artificially intelligent machines. It also includes a bonus digital ancillary, an Excel spreadsheet with various worked examples.

\n Format: Hardback
\n Length: 304 pages
\n Publication date: 09 July 2019
\n Publisher: John Wiley & Sons Inc
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Every decision is a trade. Learn to think about the ones you should do — and the ones you shouldnt.

Trading books generally break down into two categories: the ones which claim to teach you how to make money trading, and the memoir-style books recounting scandals and bad behavior. But the former don't have profitable trades to teach; if they did, they'd keep those trades to themselves. And the latter are frequently entertaining, but they don't leave you with much you can apply in your own life.

The Laws of Trading is different.

All of our relationships and decisions involve trading at some level. This is a book about decision-making through the lens of a professional prop trader. For years, behavioral and cognitive scientists have shown us how human decision-making is flawed and biased. But how do you learn to avoid these problems in day-to-day decisions where you have to react in real-time? What are the important things to think about and to act on?

The world needs a book by a prop trader who has lived, breathed, and taught trading for a living, drawing upon years of insights on the trading in real markets, good and bad, whether going sideways, crashing, or bubbling over. If you can master the decision-making skills needed to profitably trade in modern markets, you can master decision-making in all walks of life. This book will teach you exactly those skills.

Introduces, develops, and applies one law per chapter, making it easy not only to remember useful concepts but also to have them at the ready in any situation.

Shows you how to find and think about the "special edge" of your organization, and yourself.

Teaches you how to handle the interaction of people with artificially intelligent (AI) machines that make decisions, a skill that is rapidly becoming essential in today's world.

This book is a must-read for anyone who wants to improve their decision-making skills and achieve success in their personal and professional life.

\n Weight: 630g\n
Dimension: 161 x 237 x 17 (mm)\n
ISBN-13: 9781119574217\n \n