Life Changing Books

[amitrandive]

Trade With Passion and Purpose: Spiritual, Psychological and Philosophical Keys to Becoming a Top Trader
by Mark Whistler (Author)
http://www.amazon.com/Trade-With-Passion-Purpose-Psychological/dp/0470039086

Trading in today's markets can be extremely stressful and oftentimes, traders—even those with years of experience—make irrational decisions as a result. Overcoming these pitfalls can be a difficult task, but with the right approach you can turn any setback into a great success.

Over the course of his trading career, author Mark Whistler has achieved significant success as well as taken a fair share of hits. During this time, he has seen firsthand what separates great traders from the rest of the crowd, and now, in Trade with Passion and Purpose he wants to share those insights with you.

In Trade with Passion and Purpose, Whistler draws from the fields of psychology, spirituality, and philosophy to illuminate the path to profitable trading. This engaging book acknowledges how difficult it is to consistently win in the markets, but at the same time, it demonstrates how adhering to a small number of core principles can vastly improve your chances of success.

Divided into three comprehensive parts, this book will take you on a journey of self-discovery that will help you hone your skills as a trader. Some of the topics discussed include:

How being "in the moment," while knowing why you are doing what you are doing is essential to trading success

• The importance of understanding stress and how to work with it
  
• The roles that affirmation and visualization playin your trading endeavors
  
• How to recognize and defeat fear
  
• Why change should be embraced
  
• How to develop a game plan for trading success that takes risk management into account
  
• How world famous traders, sports stars, and business people handle stress, and how you can benefit from their success

And much more

Achieving trading success takes time, guts, the desire to ask yourself some hard questions, and the relentless determination to take action. Anything less and you'll be nothing more than a mediocre trader at best. Filled with the hard-won knowledge gained through Whistler's own trading experiences as well as insightful interviews with proven traders and individuals who have overcome amazing adversity, Trade with Passion and Purpose will help you develop the personal strength and emotional intelligence needed to become a top trader.

My view:A very good book to understand "how to be in the present moment while trading"

 

[amitrandive]

Hello,

Amit first of all its not ur quote...so don't feel about it.....and when comes to the quote it's perfectly correct...and it applies for all successful people...

see..jesus did what he want,when he want,where he want,with whom he want,as much as he want until the message of his father(god) reached to everyone.

gandhiji..also did the same thing until british quits...Mother teresa also..etc & etc......so it depends upon how we interpret the quote.

i seem nothing wrong in it...it is stating about the liberty we need in our lifes.

IMO..."Success doesn't mean making lot of Money".....to me it is how far i have gone in a choosen way...like for trends there is no perfect tool of measurement...for success also there is no perfect tool of measurement.

Regards,

:clap::clap::clap:

 

[amitrandive]

The Big Short: Inside the Doomsday Machine
by Michael Lewis (Author)

http://www.amazon.com/The-Big-Short-Doomsday-Machine/dp/0393338827

The Big Short describes several of the key players in the creation of the credit default swap market that sought to bet against the collateralized debt obligation (CDO) bubble and thus ended up profiting from the financial crisis of 2007–2010. The book also highlights the eccentric nature of the type of person who bets against the market or goes against the grain.

The work follows people who believed the bubble was going to burst, like Meredith Whitney, who predicted the demise of Citigroup and Bear Stearns; Steve Eisman, an outspoken hedge fund manager; Greg Lippmann, a Deutsche Bank trader; Eugene Xu, a quantitative analyst who created the first CDO market by matching buyers and sellers; the founders of Cornwall Capital, who started a hedge fund in their garage with $110,000 and built it into $120 million when the market crashed; and Dr. Michael Burry, an ex-neurologist who created Scion Capital despite suffering from blindness in one eye and Asperger's syndrome.

The book also highlights some people involved in the biggest losses created by the market crash: like Merrill's $300 million mezzanine CDO manager Wing Chau; Howie Hubler, infamously known as the person who lost $9 billion in one trade, the largest single loss in history;[2] and Joseph Cassano's AIG Financial Products, which suffered over $99 billion in losses.

My View: The spectacular story of how a man visualized,planned and made millions from the real estate sub prime crisis in USA.

 

[amitrandive]

Rogue Trader
Nick Leeson (Author)

http://www.amazon.in/Rogue-Trader-Nick-Leeson/dp/0751517089

Pressure, pace, error: ROGUE TRADER grippingly tells the inside story of how the greatest gamble ever made rocked the City of London to its foundations. Crackling with tension, in a narrative as crisp as any thriller, Nick Leeson's autobiographical account reveals how he 'lost' ?800 millions as General Manager of Baring Futures Singapore through foolhardy speculations on behalf of his employer, Barings Brothers - the world's first merchant bank. As Leeson's audacity escalated, so did his losses while London continued to pour money down the drain. ROGUE TRADER is a dazzlingly revealing story of a man shaped by events that proved beyond his control.

Also a major film

http://www.imdb.com/title/tt0131566/


My View:The book and the film is a must read/watch for any Trader trading derivatives. I recommend this book to anyone interested in futures trading, bond trading or the Baring's Bank collapse

 

[khan4x]

Another one of my fav. If you think, you are unable to manage your time better. If you think 24 hours in a day is not enough to get your things done. This book teaches Step by Step how to get things done.

http://www.amazon.in/Eat-That-Frog-...&qid=1397061370&sr=8-1&keywords=eat+that+frog

About the Book

Eat That Frog is a self-help book. It consists of essays on time management and how to avoid procrastination. The book has a total of 21 chapters. Each chapter presents one technique that will help you utilise your time more effectively.

The book's title is based on a quote from Mark Twain: "Eat a live frog first thing in the morning and nothing worse will happen to you the rest of the day. " The technique that derives from this quote is to do the task that you avoid the most at the beginning of your day so that the rest of your day passes with ease. The author Brian Tracy, explains several more techniques that will have you using your time more efficiently. One such principle is known as the 80/20 rule, or the Pareto principle, which states that 20 percent of the time that you invest in a project will get you 80 percent of the results.

Ok i'm going to need this. Have u read it?

 

[amitrandive]

Ok i'm going to need this. Have u read it?

I am posting only those books that I have read.

By the way , did you mean to write "Ok i'm going to read this" instead of "Ok i'm going to need this".

:lol::lol::lol:

 

[onlinegtrash]

I am posting only those books that I have read.

By the way , did you mean to write "Ok i'm going to read this" instead of "Ok i'm going to need this".

:lol::lol::lol:

OMG... you have read all the books that you have posted in this thread!
man you should be a walking library! Amazing!

 

[amitrandive]

OMG... you have read all the books that you have posted in this thread!
man you should be a walking library! Amazing!

onlinegtrash

I make it a point to read for half an hour minimum everyday.

Although this does not include many books in the list posted by Einstein and you.

 

[amitrandive]

Shantala,Amrutkumar,Manishchan

Thanks for your continuous encouragement
:clap::clap::clap:

All members a Big Thanks to those who post and silent readers also.
:clap::clap::clap:

 

[amitrandive]

Red Joker Rules: The 35 Rules of Gambling That All Investors Should Know
Pat Holland

http://www.amazon.co.uk/Red-Joker-Rules-Gambling-Investors-ebook/dp/B003ATPRRY

"Gambling is investing, and investing is gambling," says the Red Joker.Both situations begin with a common pool of money. The pool is distributed among those who have created it on the basis of a series of events that are partly controllable. Through a mixture of skills, self-control and sheer luck, some of those who have created it will receive more than others.There is no inherent difference between sifting through a horse's prospects of winning a race and a company's prospects of returning regular profits. There is no inherent difference in deciding whether to raise the betting on a particular hand of cards and deciding whether a property is a good or bad buy.But there is a world of difference between the pace of gambling and the pace of investing. A gambler faces as many investment situations in a week as an investor does in a lifetime. The rules are the same, but the gambler is in a situation where he can learn the rules very quickly.This is a book of advice from the gambler to the investor - The Red Joker Rules.

My View:Short book with profound message on investing.Rules from gambling applied to investing.