Trading With Crowd Psychology (Wiley Trading)
LET THE SOUND OF THE CROWD HELP YOU CREATE A SUCCESSFUL TRADING PLAN
Praise for Carl Gyllenram and Trading with Crowd Psychology
“Investing is first and foremost a psychological process and good market technicians are really psychologists. Mr. Gyllenram understands this and his book offers deep insight into the psychology of the trading range, the area from which big moves-up and down-emerge.”
–John Bollinger CFA, CMT, President, www.EquityTrader.com
“Every trader and in
List Price: $ 49.95
Price: [wpramaprice asin=”0471387746″]
[wpramareviews asin=”0471387746″]
[wprebay kw=”trading+psychology” num=”0″ ebcat=”267″]
This is a really good book,
This is really a good book if you want to understand market psychology. The author makes a very thorough attempt to explain why and when crowd psychology arises in the market place. I would say that the work is pioneering. A lot of other books talks about psychology and that it is important, but this book really explains to you how it works. The author uses several fictious characters to describe how individuals are transformed in to a crowd and this is fascinating reading. If you want strict advice how to trade this may not be the right book for you, but if you realize that understanding crowd psychology will help you to be a better trader you should absolutely read this book.
Was this review helpful to you?
|little value,
the psychology of trading is an extremely important subject. the author however attempts to explain certain occurences of trading range breakouts using fictional characters and situations, resulting in a book that is slow and repetitive, and has little practical value for the active investor. the author could have quite easily summarised his thoughts in a short magazine article, rather than a 250 page….
Was this review helpful to you?
|misleading title,
the title of this book should read: ‘the mindset of shareholders in a range bound stock’; in his conclusion, the author wrote,”using an understanding of crowd psychology to enchance trading is actually the subject for a whole new book”. so this book is actually for absolute biginners in the stock market who has no knowledge of technical analysis or its basis. it’s a waste of time for anyone who has just a little of insight into trading. the entire book can be found in one section of a good technical analysis book, just look up ‘triangles’, rectangles, or range bound trading. and their breakouts. the author just describes the thinking behind various individuals in these situations, with much repetitions. it’s a wonder i read til the end. the author did recommend some books in the second last page for ‘better reading’ though. 2 stars for his honesty and stated objectives.
Was this review helpful to you?
|