The Art of the Trade: Mastering the Analytical and Intuitive Elements of Successful Trading

by R.E. McMaster

Book Overview

R.E.McMaster's groundbreaking book, The Art of the Trade, provides a blueprint for success in all types of markets-equity and derivative, bull and bear, inflation or recession. Read it, and prepare... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0070455422
• ISBN13: 9780070455429
• Release Date: January 1999
• Publisher: McGraw-Hill Companies
• Length: 201 Pages
• Weight: 1.10 lbs.
• Dimensions: 1.1" x 6.2" x 9.3"

Customer Reviews

A Must for All Trading Libraries

I thought this one of the top five trading books I have ever read. Not only did he describe many new concepts-80/20 rule applied to your trading, psychological capital as different from financial capital and trade like the millionaires but he also showed me weaknesses in my trading and helped me correct these. It has your basic rules but he assumes you have your own system and the ability to put on a trade-he just filled in a lot of blanks areas of my trading personality and that opened me up to new ways to do things.The author has defintiely been kicking arounde for a long time and is a good example of a person who has probably forgot more than I will ever know. Trust me, if you read it you will buy it.

One of the most productive investment books written

Regardless of an investor's time frame, day trader to occasional, the wisdom will make them more profitable. Rarely does an investment book make one both a better person and more profitable at the same time. R E McMaster reminds us that the whole person, skill and soul, must be in synchronization to be successful at trading and investing and life. He has written one of the best investment books of the 1990's.

Could readily be titled THE ART OF LIVING

This book provides advice that goes far beyond a way to trade stocks or commodities. It is a thoughtful guide to how we can be successful in our daily lives. And by the way, the techniques he offers to make money as a trader are faultless and if applied are a sure fire way to get rich while preserving capital.

Overall, The Art of the Trade is worth reading carefully.

Another trading book? Yuk, you may think, having sampled at least some of the trading-book deluge pumped out by the American publishing industry in the last 12 months. But unlike so many of these that pander to the desire to become rich through trading, R.E. McMaster's The Art of the Trade is time and money well spent. The book's main thesis is that while market opportunities are unlimited, a trader's time, energy, financial and above all, psychological capital are very limited. In 10 chapters, McMaster tells about the similarities and differences between trading and gambling - the biggest difference being different kinds of risk - managing risk with money management; treating trading as a business; the methodology, consistency, mentality and emotions of trades; self mastery; and in the last chapter, McMaster puts it all together. His expectations are clear and easy to follow. Overall, The Art of the Trade is well worth reading carefully. It will go a long way in helping traders preserve their psychological capital.

It is the most comprehensive tool for investing ever!!!

The Art of the Trade was a tremdously enlightining tool for understanding the total perspective of market investing. It was an easy read yet, very comprehensive. I like the book because McMaster articulates in a simplistic manner the necessary foundations that need to be in place in order to have successful trading in all facets of investing.. mentally,emotionally,physically and spiritually.A great manual to have!!On a scale of one to ten....TEN!!!