Product description
Every decision is a trade. Learn to think about the ones you should do and the ones you shouldnt.
Trading books generally break down into two categories: the ones which claim to teach you how to make money trading, and the memoirstyle books recounting scandals and bad behavior. But the mer don't have profitable trades to teach; if they did they'd keep those trades to themselves. And the latter are frequently entertaining, but they don't leave you with much you can apply in your own life. The Laws of Trading is different.
All of our relationships and decisions involve trading at some level. This is a book about decisionmaking through the lens of a professional prop trader. years, behavioral and cognitive scientists have shown us how human decisionmaking is flawed and biased. But how do you learn to avoid these problems in daytoday decisions where you have to react in realtime What are the important things to think about and to act on The world needs a book by a prop trader who has lived, breathed and taught trading a living, drawing upon years of insights on the trading floor in real markets, good and bad, whether going sideways, crashing, or bubbling over. If you can master the decisionmaking skills needed to profitably trade in modern markets, you can master decisionmaking in all walks of life. This book will teach you exactly those skills.
Introduces, develops, and applies one law per chapter, making it easy not only to remember useful concepts, but also to have them at the ready in a situation.
Shows you how to find and think about the special edge of your organization, and yourself.
Teaches you how to handle the interaction of people with artificially intelligent (AI) machines that make decisions, a skill that is rapidly becoming essential in the AIdriven economy of the future.
Includes a "bonus" digital ancillary, an Excel spreadsheet with various worked examples that expand on the scenarios described in the book.
Do you need to make rational decisions in a competitive environment Almost everyone does. This book will teach you the tools that let you do your job better.