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

Winning the Mental Game on Wall Street
The Psychology and Philosophy of Successful Investing

ISBN 9780910944175
Published April 20, 2000 by CRC Press
464 Pages

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Book Description

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.

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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"This book is a classic--the standard of excellence against which everything in technical analysis is measured."
--Ralph Acampora, Prudential Securities