Investment Psychology Explained

Full Name
Investment Psychology Explained: Classic Strategies to Beat the Markets

Investment Psychology Explained is a back-to-basics handbook on how to beat the market the classic way. It emphasizes the timeless values of hard work, patience, and self-discipline as the magical paths to market success. Reading Investment Psychology Explained will give you a renewed appreciation of the classic trading principles that, through bull and bear markets, have worked time and again. You'll see, with the help of numerous illustrative examples, what goes into making an effective investor, and of how you can work toward achieving that successful profile. Written by one of the most respected independent investment advisors in the world, this book emphasizes that investors have to be more analytical and less impulsive to flourish in today's market.

  • With this convenient, back-to-basics handbook, you'll learn how to stay one step ahead through the application of the age-old verities - hard work, common sense, patience, and discipline.

  • Martin Pring draws from the wisdom of many creative investors, including Jesse Livermore, Humphrey Neill, and Bernard Baruch, as well as from his own experience.

Martin Pring shows you how to:

  1. Overcome emotional and psychological impediments that distort decision making

  2. Map out an independent investment plan - and stick to it

  3. Know when to buck herd opinion - and “go contrarian

  4. Dispense with the myths and delusions that drag down other investors

  5. Resist the fads and so-called expert whose siren call to success can lead to disaster

  6. Exploit fast-breaking news events that rock the market

  7. Deal skillfully with brokers and money managers

  8. Learn and understand the rules that separate the truly great investors and traders from the rest

Table of Contents

Knowing Yourself

  • There is No Holy Grail

  • How to Be Objective

  • Independent Thinking

  • Pride Goes Before a Loss

  • Patience is a Profitable Virtue

  • Staying the Course

The Wall Street Herd

  • A New Look at Contrary Opinion

  • When to Go Contrary

  • How to Profit from Newsbreaks

  • Dealing with Brokers and Money Managers the Smart Way

Staying One Step Ahead

  • What Makes a Great Trader or Investor?

  • Nineteen Trading Rules for Greater Profits

  • Making a Plan and Sticking to It

  • Classic Trading Rules