by Richard D. McCall
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Product Description
Trading is war, an ongoing battle against other traders to get to profitable positions first, seize profits and move on to the next battle. The Way of the Warrior Trader applies time-honored precepts of the samurai discipline to modern trading, showing the reader ways to use centuries-old methods for victory in today's trading markets. The Way of the Warrior Trader: Provides a six step action plan for trading; Explains how to recover psychologically from a loss; Describes how to overcome the deep-seated psychological barriers to effective trading.
Amazon.com
Dr. Richard McCall, a psychologist who teaches martial arts principles to professionals, turns his attention exclusively to the fiscal battlefield in The Way of the Warrior-Trader: The Financial Risk- Taker's Guide to Samurai Courage, Confidence and Discipline. Likening today's high-performance traders to Japan's legendary samurai, he combines personal anecdotes with success stories to show why the mind is the most important weapon in both arsenals--and how it can best be used in battle.
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Average Customer Review:
1 of 1 people found the following review helpful:
 Total hype and baloney, 2008-07-12
If you want an excellent book on understanding your potential and truly have a desire to develop the REAL SKILLS a trader needs read...
Trading In The Zone by Mark Douglas.
It is amazing and really goes in depth, yet the book is simple and only about 210 pages.
Just like the Japanese Candlestick guru Steve Nison...these guys present, explain and teach you only what you need to know. No fluff. No bunk.
If you don't fully get it all the first time, just read it again. Like any educational book or learning process...it is best to lightly read the whole thing...get the whole picture...then go back and read it again and that time, go nice, slow and digest it fully.
Good luck
1 of 3 people found the following review helpful:
Waste of money and time, 2007-09-17
Dont get trapped by the title.Its total waste of time and money.I agree with the ideas which author was trying to convey which i interpreted based on my own trading experience.Unfortunately very poor in presenting his ideas.May be author should stick to martial art which he is good at and leave the trading warriors to decide and do what is good for them.
0 of 0 people found the following review helpful:
 Review of the Way of the Warrior Trader, 2007-03-09
This is a good book. Its a little out there, but if you keep an open mind, it can open up many new possibilities for you. It is easy to read and his stories are quite entertaining and poignant. If you are one on the lucky people to purchase this, you are in for quite a treat.
3 of 3 people found the following review helpful:
It's about the way you think, 2007-01-27
Dr. McCall's book is about developing a warrior mindset. The Way of the Warrior Trader is mostly written for "professional risk takers". However, you don't have to be trading options or stocks to gain from this book.
Warrior trader or warrior homemaker, it doesn't matter. The main takeaway from this book that you can develop the courage, confidence and discipline to master any area of your life or goals that you may have set.
Also, to answer one of the harsh critics below--Dr. McCall does not try to dupe anyone or take their money with nefarious intent.
I attended a several day workshop that Dr. McCall gave on Warrior Trading. We simulated trading and quick decision making at the craps tables in Tunica, Mississippi. My wife and I gained much insight into our personalities and money styles. When the workshop was completed I had not spent a dime on food and lodging. Dr. McCall did not ask for any money from us or hit us up for any additional money for ongoing training.
Straight up guy and straight up advice in the book.
3 of 3 people found the following review helpful:
I Live by the precepts within this book, 2006-09-26
These lessons, presented by Dr McCall, in his perennial best seller The "Way of the Warrior Trader" have been marketed to, widely accepted and utilized successfully by market players trading a wide variety of financial instruments. Also by championship level marshal artists, casino gamblers as well as poker players like me. Simply stated these ancient Marshall lessons hold the keys to unlocking the untold potential held within us all and will guide us toward developing, will power, a fighting spirit that is designed to win, and a unbelievably strong yet calm inner being.
This spirit, known as "Heijoshin kore michi" or "a calm every day spirit" is one every successful player knows he must attain to win consistently in any arena of financial risk taking. One who has attained such a spirit is briefly described as such. "Even if he looks to death in the eye, he must remain the same and act directly: confidently, calmly and imperturbably outward, wide awake and attentively inward."
Following these lessons and doing the exercises therein will increase your ability to choose and correctly use the skills you have already developed with confidence and clarity. It will also be helpful in increasing your ability to use these skills optimally. Especially while dealing with contingencies and the stress that results as they come into play ... These lessons and exercises will also drastically reduce the learning curve normally associated with developing new skills.
In as much this program will work for any task whether it is transitioning from poker proficiency to greatness or trading profitably and constantly in the markets. In fact it will work for any challenging endeavor whatsoever. It does so through a method for defining, maintaining and focusing clearly on the goals and sub goals that exist on your road to success.
If you find yourself switching from failed system to failing system isnt it about time you quit working to find a new system and start working on finding a new real core that lies at the heart of every trading system, That is the individual executing it?
This Book directs you on how to start doing exactly that.
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