What I learned Losing A Million Dollars | Summary
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About this ebook
When he initially began trading, Jim Paul believed he was some type of Superman. He believed he was invincible - that whatever he touched would become gold. When he lost a million dollars, he recognized he was human like the rest of us, that he had actually just got fortunate, and that continuously flexing the guidelines just gets you so far. Any financier worth his salt requires far more than luck and self-confidence: he has to discover ways to lose.
What I Discovered Losing A Million Dollars does not concentrate on success through winning. Part autobiography and part trading writing, it analyses failure and the best ways to manage losses. Jim Paul rose to real leadership, reaching his zenith in his mid-thirties, prior to collapsing and falling right down to the bottom. He discovered a lot about himself through his failures in the trading pit. He analyzed and checked out the psychology behind trading, and how it is our behavioral attributes instead of a changing market that causes flawed trading. It is frequently who we are, and not exactly what we are doing, that results in falling down. He advises us that we have to change our basic habits.
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What I learned Losing A Million Dollars | Summary - Better Business Summaries
Summary of
What I learned Losing A Million Dollars
From Jim Paul and Brendan Moynihan
By Better Business Summaries
Copyright © 2016 by Better Business Summaries
All rights reserved. This book or any portion thereof
may not be reproduced or used in any manner whatsoever
without the express written permission of the publisher
except for the use of brief quotations in a book review.
Printed in the United States of America
First Printing, 2016
Smashwords Edition
Table of Contents
Introduction
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Analysis
Thanks for Reading
About Better Business Summaries
Introduction
When he initially began trading, Jim Paul believed he was some type of Superman. He believed he was invincible - that whatever he touched would become gold. When he lost a million dollars, he recognized he was human like the rest of us, that he had actually just got fortunate, and that continuously flexing the guidelines just gets you so far. Any financier worth his salt requires far more than luck and self-confidence: he has to discover ways to lose.
What I Discovered Losing A Million Dollars does not concentrate on success through winning. Part autobiography and part trading writing, it analyses failure and the best ways to manage losses. Jim Paul rose to real leadership, reaching his zenith in his mid-thirties, prior to collapsing and falling right down to the bottom. He discovered a lot about himself through his failures in the trading pit. He analyzed and checked out the psychology behind trading, and how it is our behavioral attributes instead of a changing market that causes flawed trading. It is frequently who we are, and not exactly what we are doing, that results in falling