The Investor's Quotient

Praise for the classic guide to gaining a psychological advantagein investment and trading

"The Investor's Quotient is destined to go down in history as theultimate book on investor psychology . . . it explains thepsychology of a trader in clear and simple English . . . and itteaches highly effective methods designed to improve the bottomline . . ."-Larry Williams, author Long-Term Secrets to Short-TermTrading

"The Investor's Quotient is a welcome breath of fresh air in whathas been a too-long-avoided subject-the psychological reasons whysome people win and most others lose in the commodity markets. Morethan that, Jake Bernstein proves in this book he is an excellentteacher, and clearly and candidly shows how greater knowledge ofyourself can become your most effective trading tool. It's a mustfor every trader's library."-Leon Rose, Publisher Newsletter andManaged Account Reports

"Should be required reading for all traders and investors. It hashelped immeasurably through the years . . . I'd be lost withoutit."-Don Sarno, Former Director
Commodities Educational Institute

"This is the classic book on investor psychology. It has paved theway to a new era of investor success and self-confidence . .."-Steve Moore
Moore Research Center

". . . convincing . . . This thoroughgoing manual should helpimpulsive investors save money."-Publishers Weekly

For updates on new and bestselling Wiley finance books:wiley.com/wbnsViele Händler und Anleger, auch solche mit hochmodernen und leistungsstarken Systemen, machen mitunter Verluste. Sie könnten erfolgreicher sein mit Hilfe von Psychoanalyse, Theoriewissen, Sozialpsychologie und kreativer Visualisierung. "The Investor's Quotient" untersucht die Psychologie hinter Handel und Investment und erklärt, daß selbst mit dem besten System, der Händler stets das schwächste Glied in der Kette ist. Bernstein bietet eine komplette und sehr effektive Investmentpsychologie an, die Händler zu beständigen Gewinnen führt. Vermittelt werden praktische und bewährte Techniken, um die Wahrnehmung zu schärfen, eine positive Einstellung und Vertrauen zu entwickeln, Lehren aus Fehlschlägen zu ziehen und das für jeden Händler am besten geeignete System zu finden. Partial table of contents:

My Story.

Many Markets--Many Similarities.

The Response Sector.

The Consequences of Behavior.

How to Rectify Trading Errors.

Scheduling and Self-Discipline.

The Importance of Trading with the Trend.

The Role of Advisory Services.

Is This You?

The Broker-Client Relationship.

Social Psychology and the Markets.

The Perceptual Factor.

Minimize Stress--Maximize Health and Profits.

Often-Asked Questions.

Sex and the Markets: Fact or Fantasy.

Creative Visualization and Guided Imagery.

Why Too Many Traders and Investors Lose.

Bibliography.

Overview of "Trading Masters".

Index. About the author JAKE BERNSTEIN is President of MBH Commodity Advisors, Inc. and publisher of the MBH Weekly Commodity Letter, a newsletter read internationally by those who must keep abreast of market trends and issues. A frequent lecturer and contributor to professional publications, he is also the author of 27 books including Beyond the Investor's Quotient, Jake Bernstein's Seasonal Futures Spreads, and Jake Bernstein's New Guide to Inventing in Metals. The Investor’s Quotient Second Edition Why do so many traders and investors—ones with sophisticated, powerful, and diligently applied systems—lose? For the answers and the solutions, look no further. This unique, fully revised guide to the psychology of trading and investing explains how, regardless of even the best system, the weakest link in the chain is always the trader—in particular, the trader’s self-discipline and self-control. To help you shore up your defenses, this authoritative but jargon-free mental toughness training manual offers a complete and highly effective investment psychology regimen that interweaves psychoanalysis, learning theory, social psychology, creative visualization, and hard-earned trading savvy. Turn here for all the rules and guidelines of Jake Bernstein’s exclusive brand of psychological trading techniques…models of successful traders to emulate…techniques that sharpen and make your perceptions of others and situations more reliable…tips on scheduling, self-discipline, and developing a positive attitude that will put you on the road to consistently profitable trading. For example, you’ll find techniques, insights, and explanations on how to…

• Lose less on bad trades, make more on profitable ones
• Learn from your failures what’s working for you, and what’s not
• Learn how not to be a slave to the market, and how to master the market by mastering yourself
• Find trading systems and methods that best suit your temperament, finances, and personality
• Determine your position as a trader—long-term, short-term, or otherwise—with a new confidence

You don’t have to have a genius’ intelligence quotient to realize the advantages Bernstein’s psychological trading techniques can give you. But you do have to have The Investor’s Quotient. That’s genius enough. Boost Your Investment I.Q. With this new edition of the classic guide to gaining a psychological advantage in investment and trading "The Investor’s Quotient is destined to go down in history as the ultimate book on investor psychology…it explains the psychology of a trader in clear and simple English…and it teaches highly effective methods designed to improve the bottom line…" —Larry Williams Commodity Timing "Jake Bernstein is one of the best at putting together the emotions and mechanics of trading. This book is not only educational but downright interesting. It should be a must for all traders and may well become one of the classics on trading." —Darrell Jobman Futures "The Investor’s Quotient is a welcome breath of fresh air in what has been a too-long avoided subject—the psychological reasons why some people win and most others lose in the commodity markets. More than that, Jake Bernstein proves in this book he is an excellent teacher, and clearly and candidly shows how greater knowledge of yourself can become your most effective trading tool. It’s a must for every trader’s library" —Leon Rose, Publisher Newsletter and Managed Account Reports "The Investor’s Quotient should be required reading for all traders and investors. It has helped immeasurably through the years…I’d be lost without it." —Don Sarno, Former Director Commodities Educational Institute "This is the classic book on investor psychology. It has paved the way to a new era of investor success and self-confidence…" —Steve Moore Moore Research Center "…convincing…This thoroughgoing manual should help impulsive investors save money." —Publishers Weekly