October 2009

THE DAILY TRADING COACH: 101 LESSONS FOR BECOMING YOUR OWN TRADING PSYCHOLOGIST
(349 pages, $45 hardcover, 2009, ISBN 978-0-470-39856-2) by Brett N. Steenbarger, published by John Wiley & Sons.

Just as a new business must capitalize upon the strengths of its founders, a career in the markets hinges upon the assets of the trader. The trader coach/author, who is also a Stocks & Commodities contributor and interview subject, has helped others see the assets they have possessed all along, and helps them prioritize both their trading goals and life to become their own trading psychologist. There are 101 lessons in the book that cover topics relevant to trading psychology and trading performance. The book includes self-coaching perspectives from 18 successful trading professionals. This is a road map with insights and tools for discovering and implementing one’s best.

ADDITIONAL INFORMATION: www.wiley.com

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ESSENTIAL INVESTMENT: AN A-Z GUIDE: 2ND EDITION
(276 pages, $15 softcover, 2003, 2009, ISBN 978-1-57660-353-6) by Philip Ryland, published by Bloomberg Press.

Everyone wants to buy low and sell high — and get a healthy stream of income in between. But it’s not easy, and most professional advisors can’t beat the benchmark indexes. This guide to investment provides an essential level of knowledge that goes beyond the basics with a clear explanation of the complexities of the investment business. It covers everything from accruals through leverage to zero-coupon bonds. Useful appendixes include data on stock market performance and investment formulas.

ADDITIONAL INFORMATION: www.bloomberg.com/books

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INSIDE THE MIND OF THE TURTLES: HOW THE WORLD’S BEST TRADERS MASTER RISK

(222 pages, $27.95 hardcover, 2009, ISBN 978-0-07-160243-3) by Curtis M. Faith, published by McGraw-Hill.

Risk is scary, but it’s a fundamental aspect of the investing world. The trick is to accept, anticipate, manage, and mitigate that risk. This book delves into the risk-mastery strategies that made the turtles the envy of the investing world. It provides expert insight into how great traders combat the natural but counterproductive response to risk. It examines the nature of risk and the proven techniques for seizing control of it. The advice comes not only from the author, but from other financial minds. In today’s economy, controlling your aversion to risk is more than prudent; it is an absolute necessity. This book will help you conquer the crippling fear that even the most experienced investors have.

ADDITIONAL INFORMATION: www.books.mcgraw-hill.com

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THE NEW PARADIGM INVESTOR
(217 pages, $24.95 hardcover, 2009, ISBN 978-1-4401-2305-4) by Ned Gandevani, published by iUniverse, Inc.

In today’s rough-and-tumble economic environment, investing is not a choice — it’s a necessity. Longer life-spans and diminished purchasing power due to inflation are just two of the reasons. This book explains why investing is important, especially for middle- and working-class Americans. This new paradigm is about achieving higher performance with less risk and in less time. By showing winning strategies and using real-life examples, this guide helps you construct and monitor your investment portfolio to attain great results and achieve your financial goals.

ADDITIONAL INFORMATION: www.iUniverse.com

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SELL SHORT: A SIMPLER, SAFER WAY TO PROFIT WHEN STOCKS GO DOWN
(225 pages, $34.95 hardcover, 2009, ISBN 978-0-470-41233-6) by Michael Shulman, published by John Wiley & Sons.

Short-selling has been seen as the dark side of stock trading. This book reveals how using the same fundamental approach underlying the purchase of a stock can lead to opportunities on the short side. The author does not believe that traditional short-selling is a good idea for individuals, and focuses on buying puts or Etfs. This book is filled with insights and advice. It walks you through the mechanics of opening, managing, and closing a position, including rolling or pressing a position to increase profits. Traditional shorting is also covered in case you would like to take that route. Opportunities abound on the short side if you have know-how to reach for them, and you are ready.

ADDITIONAL INFORMATION: www.wiley.com

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TRADING REGIME ANALYSIS: THE PROBABILITY OF VOLATILITY
(426 pages, $80 hardcover, 2009, ISBN 978-0-470-98785-8) by Murray Gunn, published by John Wiley & Sons.

What is the holy grail of market analysis? Wise investors know there is no such thing, but if you can identify when trending or range trading behavior is most likely to occur, then your chances of long-term success increase. This book presents a bipolar world where the market cycles between rising and falling volatility. Timing is everything when it comes to investing or trading and to take advantage of the changing dynamics of the market price, it pays to become an observer of the overall market psychology. Many existing methods of anticipating volatility cycles are examined.

ADDITIONAL INFORMATION: www.wiley.com

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