The author seamlessly integrates narrative story-telling with hard science and with personal experience. Very pleasing that the author avoids cliches in favor of thoughtful analysis.
The contrast between those who freeze under pressure and those who manage their fear to perform regardless.
I wanted a do-this-and-your-fears-will-be-cured. Alas, this is not what the book offers. Instead, the author delivers solid methods to channel fear (nerves) into creative rather than paralyzing effect.
Would recommend this audiobook to anyone who faces high-stress activities and has had a tendency to freeze (or flee) under pressure. The author clearly describes the mindset required to overcome these circumstances.
Essential, Provocative, Enlightening
Daniel Kahneman's Thinking Fast and Slow. Both deal with how difficult it is to think in probabilities and how to set oneself up to truly do so.
Both. The mistakes traders make made me laugh as I have done them all. And cry because the solutions are simple but not easy.
At some point, every trader will need this book. Douglas assumes the reader already has a system for trading and knows how to use it, i.e., is already practiced at technical analysis. He deals flat-out with the psychological aspects of executing trades effectively.
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