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The Way of the Warrior-Trader: The Financial Risk-Taker's Guide to Samurai Courage, Confidence and Discipline, by Richard D. McCall
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Amazon.com Review
Dr. Richard McCall, a psychologist who teaches martial arts principles to professionals, turns his attention exclusively to the fiscal battlefield in The Way of the Warrior-Trader: The Financial Risk- Taker's Guide to Samurai Courage, Confidence and Discipline. Likening today's high-performance traders to Japan's legendary samurai, he combines personal anecdotes with success stories to show why the mind is the most important weapon in both arsenals--and how it can best be used in battle.
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About the Author
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
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Product details
Hardcover: 224 pages
Publisher: McGraw-Hill Education; 1 edition (February 22, 1997)
Language: English
ISBN-10: 0786311630
ISBN-13: 978-0786311637
Product Dimensions:
6.4 x 0.7 x 9.4 inches
Shipping Weight: 13.6 ounces (View shipping rates and policies)
Average Customer Review:
3.8 out of 5 stars
23 customer reviews
Amazon Best Sellers Rank:
#575,876 in Books (See Top 100 in Books)
I read many books about day trading investing , have it all in my collection, Trading in the Zone, Trading for a Living. this book will help you out, great book, it point out your weak and strong point, this book is the edge that you need to sharp your mind in day trading...I been trading for 25 years, Trading in the Zone is a must have book, The Way of the Warrior Trader is Great book, my trading have improved since I focus on it..there is nothing new here, just the writer his words it in a different way, and it clicksome books will opend your eyes, this is one off them..it belong in all trader bookshelf a must have..Like all book knowing and doing is two diffferent thing.when we apply what we learn and know we come out a head...cheer
This is one of the best books I have ever read. It is also one of the most useful books I have ever read. I have traded futures for a couple years now and in the past 3 months I have decided to try to pick up my game. I have read Reminiscenses of a Stock Operator, Market Wizards, the New Market Wizards, High Probability Trading, and a few others. I am nearly finished reading Trading in the Zone by Douglas (a great book). I bought all of these from Amazon.com based on the reviews I have read here. I have learned much from all of these books and recommend all of them without reservation."The Way of the Warrior-Trader", however, is definitely unique. And I don't mean that it is simply an interesting novelty, it is much, much deeper than that. This book transcends trading and yet, at the same time, I think it is a more pertinent book for most traders than all of the above (in my opinion Trading in the Zone is equal to this book for traders, but it has a narrower focus). The other books tell you how others succeeded, but this book prepares YOU to enter the fray with the proper motivation and battlefield psychology.PLEASE don't think this is just another mushy self-help, positive thinking book. Far from it, this is a reality-based, purpose-driven book that prepares you for the dangers and potential rewards that lie ahead. He eschews the typical shallow and covetous motivational approach, and takes a much deeper and much more effective "way". One that will not sound like every other "Retire rich in 3 years!!" book that you will forget 30 seconds after you finish the book.This book is about more than trading, it is about risk-taking in general, be it financial, personal, physical, emotional, etc. If you have a dangerous or challenging job or are facing a challenging situation in life, I would not hesitate for a second to recommend this book. It is really that good. Just the "A" in "A.CT.I.O.N." alone has changed my entire approach and outlook to trading and others issues in my life. Very similar to Trading in the Zone, but from another angle.This book does not appeal to your longing for riches or "lottery ticket" dreams, rather, it appeals to human issues that are much deeper and more enduring. You will find yourself motivated on a different and higher level, and this new motivation will be of a more permanent nature. I am what many of you would call a fundamentalist, right-wing, Bible-thumping Christian, yet, I was able to pass by some of McCall's Eastern religious views because I was moved by his message and his encouraging approach. Very much the approach of a kind and attentive instructor gently leading his pupils to a new way. Irrespective of my ultimate success or failure as a trader, I have gained much from this book that I can use in many other areas of my life. I highly recommend it.
This is a great book! Despite of some comments i read here. As many other reviewers here i read a lot of similar books listed, but none of them strike the brain as this one. If u pursue a success in trading u have to grow in other areas as well. U can not concentrate on trading only, because other problems u have in life will find a way to surface in your trading business. This book does exactly that, gives you prospective of the right way to deal with all issues u might come up in your life. I highly recommend it!
This was one of those "relate something else to trading" books. Was recommended to me as a "book that changed my life". Ok. While it did not change my life, it was a useful book. There are a lot more connections between trading and Samauri than you would initially think.The author is a trader, martial artist, and samurai groupie, so he combined all those topics into a book. There are no trading techniques in this book, the main focus is on trading mindset, preparation, and dedication to your task at hand. There are plenty of interesting stories in each chapter that relate to samurai and those stories can relate to trading and trading mindset.Chapters include topics such as motivation, self perception, acceptance, centering, trust and intuition, imagery, fear management, commitment, resiience, etc...If you trade your own account or think you may in the future, this book should be added to your list of required reading.
High in philosophy. I am glad I read it. Every little bit helps to give you an edge.
There are so many great books on trading and psychology affects. This is not one of them. I have read many trading books and if you are trying to get some clarity there are much better books to help you out. Look at my other reviews. This book is a philosophy book that happens to be written by someone who trades. It may add value to your life or may not but if your time is valuable, make sure you know what you are getting into here.
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