The Psychology of Risk
Risk-taking does not mean living dangerously; it shows a willingness to act beyond the circle of what you already know. The Psychology of Risk will provide you with a new and stimulating perspective on risk, which will enhance your trading success and increase your profits. With the help of numerous trading case studies, this book outlines a risk management program that bridges the gap between investor psychology and quantitative risk management techniques.
Praise for The Psychology of Risk
"The Psychology of Risk is equally vital for everyone from the day trader to short-term online trader to long-term investor. A clear, enjoyable insight into what makes trading success."
— Alpesh B. Patel, Financial Times columnist and author of Trading Online
"Once again Dr. Kiev delivers a book that should be read cover to cover and kept as a reference. The Psychology of Risk explores the elements of risk-taking as they relate to the human psyche."
— John Floyd, Director, Proprietary Trading, Deutsche Bank AG
"Kiev, in his familiar pull-no-punches style, delivers an insightful, timely, and pragmatic thesis that focuses on the inner game of trading: psychology, discipline, and the holy grail-timing. A captivating read for those in search of a performance edge."
— Ciaran T. O'Kelly, Head of Equity Trading, Salomon Smith Barney
"Ari has proven himself to be a keen coach of world-class traders. The Psychology of Risk is a great read for those looking to better understand what it takes to put oneself at risk in the market."
— Kevin Becker, CIO, Claiborne Capital Management
"Ari Kiev has done it again. One of Wall Street's preeminent trading coaches, he explores some useful principles of risk-taking which will help traders to take their game to the next level."
— Jay Goldman, Hedge Fund Manager, Goldman & Co