Winning the Mental Game on Wall Street: The Psychology and Philosophy of Successful Investing, 1st Edition (Hardback) book cover

Winning the Mental Game on Wall Street

The Psychology and Philosophy of Successful Investing, 1st Edition

Edited by John Magee, W.H.C. Bassetti

CRC Press

464 pages

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Hardback: 9780910944175
pub: 2000-04-20
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This book is the new edition of John Magee's classic General Semantics of Wall Street.

An indispensable companion to John Magee's and Robert Edward's classic, Technical Analysis of Stock Trends, Winning the Mental Game on Wall Street covers the mind set, the preconceptions, the false and misleading habits that hinder peak performance. It exhaustively deconstructs the movement of the stock market, shows you how to decipher its behavior, and teaches you its symbolic language or general semantics.

Written by John Magee and edited by W.H. Charles Bassetti, this book prepares you for the mental game on Wall Street. The book re-trains your mind to handle the market skillfully. Magee, arguably the wisest investment advisor in history, leads you toward a common sense mentality and method that virtually assures success in the long run. The secret? Right mind, right habits, right techniques. Through careful study and application of the concepts suggested by Magee, an average investor becomes a highly effective trader. Winning the Mental Game on Wall Street prepares your mind to operate effectively in the financial markets.


"This book is a classic--the standard of excellence against which everything in technical analysis is measured."

--Ralph Acampora, Prudential Securities

Table of Contents


The Big Game

Black Magic

The Villain

The Blind

Out of the Darkness

The Camera

The Primary Receptors

A Starting Point


Of Maps

Dating This Map

Bringing Data Up to Date

The Twenty-Six Lead Soldiers

Maps of Maps

The Pigeonholes

The Labels

Not Quite The Same

Up and Down The Ladder

Similarities and Differences

Beyond the World of Things

The Meanings we Attach to Maps

Maps Without Territories

An Exceedingly Complex Machine

Layers of Awareness

Time Binding

Stop! Look! Listen!


Let's Not Be Too Anthropocentric

Sanity Must be Achieved

The Thinking Process

The Vagueness of the High Abstractions

"To Me"


The Dangerous Nature of Dichotomy

Three-Valued Orientation

Multi-Valued Systems

Infinite-Valued Systems

The Greeks Had a Phrase For It

Imperfect Information

Why Does It Hurt So Much

Profits Can Be Painful, Too

Predicting the Future

The Method of Prediction


Positive Feedback

What is Value?

Asking the Right Questions

Two Practical Questions For Everyday

Balderdash, Unlimited

We Can't Get it All

The Truth, the Whole Truth, and Nothing But the Truth


Dated Data

"Buy Good, Sound Stocks"

"I am Interested Only in Income"

"But Still I Insist on my Dividends"

Put Them Away in the Box and Forget Them

Dat Ol' Debbil Margin

Not Just a Market of Stocks

Correlations and Causes

The "Fundamentals"

Accrued VS Realized

Up is Better Than Down

The Up-and-Down of It

Politics and Economics

A Variety of Devices

Can Any Man Predict the Future?

The Method of Evaluation

Building the Method

The Method is Built From the Bare Bones

Putting the Method to Work

Habit Can Be a Pitfall

Chain and Flash Reactions

Numbers Can Be a Pitfall

The Wonderful Curves

Losses Can Be Pitfalls

Profits Can Be Pitfalls

Common Sense Can be a Pitfall

The Pig Watchers

The Limits of Prediction

Is the Market a Game?

The Purely Mathematical Odds

The Strategy of Your Opponent

The Payoff

Fractionizing VS Maximizing

Accentuate the Negative

Net Long-Term Gains


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