1st Edition

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

Edited By John Magee, W.H.C. Bassetti Copyright 2000

    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.

    Introduction
    The Big Game
    Black Magic
    The Villain
    The Blind
    Out of the Darkness
    The Camera
    The Primary Receptors
    A Starting Point
    One-to-One
    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!
    Contradictions
    Let's Not Be Too Anthropocentric
    Sanity Must be Achieved
    The Thinking Process
    The Vagueness of the High Abstractions
    "To Me"
    Either/Or
    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
    Hunting
    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
    Interlude
    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
    Index

    Biography

    W.H.C. Bassetti, John Magee

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