The Investor's Quotient Hardcover - 1993

The first edition of The Investor's Quotient was published in 1980.

The Investor's Quotient Second Edition Why do so many traders and investors--ones with sophisticated, powerful, and diligently applied systems--lose? For the answers and the solutions, look no further. This unique, fully revised guide to the psychology of trading and investing explains how, regardless of even the best system, the weakest link in the chain is always the trader--in particular, the trader's self-discipline and self-control. To help you shore up your defenses, this authoritative but jargon-free mental toughness training manual offers a complete and highly effective investment psychology regimen that interweaves psychoanalysis, learning theory, social psychology, creative visualization, and hard-earned trading savvy. Turn here for all the rules and guidelines of Jake Bernstein's exclusive brand of psychological trading techniques models of successful traders to emulate techniques that sharpen and make your perceptions of others and situations more reliable tips on scheduling, self-discipline, and developing a positive attitude that will put you on the road to consistently profitable trading. For example, you'll find techniques, insights, and explanations on how to

• Lose less on bad trades, make more on profitable ones
• Learn from your failures what's working for you, and what's not
• Learn how not to be a slave to the market, and how to master the market by mastering yourself
• Find trading systems and methods that best suit your temperament, finances, and personality
• Determine your position as a trader--long-term, short-term, or otherwise--with a new confidence

You don't have to have a genius' intelligence quotient to realize the advantages Bernstein's psychological trading techniques can give you. But you do have to have The Investor's Quotient. That's genius enough.