Publisher's Synopsis
A Taoist Trader applies principles of ancient philosophy to modern markets, helping a reader to navigate their stormy waters. Don't let the word "philosophy" fool you; this is very practical book, addressing the most pressing issues that every trader and investor encounters.
The book addresses three major aspects of trading:- Understanding the inner workings of the market
- Understanding thought process and guiding emotions of other traders
- Understanding and controlling your mindset and actions
It shows a reader what the market is, what forces move it and how they act; what their motives and intentions are and how to read them; how they are trying to influence us and how to stay safe and profit from the action. It teaches how to condition your mind to act in a disciplined cold-blooded fashion. Taoist principles create the canvas that we use to combine these concepts and beliefs in a clear well-structured trading approach that governs your actions and gives you inner strength to follow the right course.
A Taoist Trader describes situations and problems you will face in your daily interactions with capital markets. It gives you clear recipes to use in those situations. It shows you trader's routines and teaches how to design them. No matter which trading vehicle or a time frame you choose, this book will create solid foundation for your trading approach.
