{"product_id":"the-trading-mindwheel-isbn-9781119868248","title":"The Trading Mindwheel","description":"\u003cp\u003e\u003cb\u003eAn incisive and actionable guide to trading success\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eThe Trading Mindwheel: Eight Essential Skills for Trading Mastery\u003c\/i\u003e, Michael Lamothe delivers a hands-on and practical roadmap to personal investing success. In the book, you'll explore the belief systems, mindsets, and market psychology you need to master to maximize your investment returns. You'll also learn to analyze trades, markets, and risk as you manage your portfolio and continuously improve and validate your own skills.\u003c\/p\u003e \u003cp\u003eYou'll also find:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eWays to use journaling as a roadmap to continuous personal improvement\u003c\/li\u003e \u003cli\u003eStrategies for using post analysis to validate your own skills and trades\u003c\/li\u003e \u003cli\u003eMethods for managing individual trades and portfolios in a way that limits relevant risks\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eA can't-miss resource for anyone interested in trading, investing, finance, and personal wealth, \u003ci\u003eThe Trading Mindwheel: Eight Essential Skills for Trading Mastery\u003c\/i\u003e belongs on the bookshelves of people seeking to build wealth.\u003c\/p\u003e \u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003eIntroduction xv\u003c\/p\u003e \u003cp\u003ePrelude xv\u003c\/p\u003e \u003cp\u003eThe Start of Something Life Changing xv\u003c\/p\u003e \u003cp\u003ePhilosophy of the Trading Mindwheel xxii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe Axle Mindset: Beliefs, Belief Systems, Emotions, and Habits 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eJesse Livermore’s Story 2\u003c\/p\u003e \u003cp\u003eMindset Is Everything 3\u003c\/p\u003e \u003cp\u003eTaking Inventory of Our Beliefs 3\u003c\/p\u003e \u003cp\u003e2 A.M. Wakeup Call 4\u003c\/p\u003e \u003cp\u003eDeconstructing Beliefs and Belief Systems 6\u003c\/p\u003e \u003cp\u003eWrite Your Beliefs 9\u003c\/p\u003e \u003cp\u003eEmotions and Emotionality 14\u003c\/p\u003e \u003cp\u003eThe Marathon 15\u003c\/p\u003e \u003cp\u003eHealing Wounds 16\u003c\/p\u003e \u003cp\u003eWhen White Knuckling Fails 18\u003c\/p\u003e \u003cp\u003eMeditation Is a Marvelous Tool! 21\u003c\/p\u003e \u003cp\u003eSeek Clarity 22\u003c\/p\u003e \u003cp\u003eEquanimity 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSpoke 1 Journaling: Step One of Accountability and Continuous Improvement 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat to Journal About 37\u003c\/p\u003e \u003cp\u003eTypes of Journals 44\u003c\/p\u003e \u003cp\u003eTrading Routines 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSpoke 2 Analysis: Analyzing Trades and Markets 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThree Things I Learned the Hard Way about Trading 56\u003c\/p\u003e \u003cp\u003eAnalyzing Trades and Analyzing Markets 69\u003c\/p\u003e \u003cp\u003eInfluences and Studies 72\u003c\/p\u003e \u003cp\u003eFundamental Analysis: Defining Our Universe 74\u003c\/p\u003e \u003cp\u003eDefining Our Setups 86\u003c\/p\u003e \u003cp\u003eDeveloping a Funnel 96\u003c\/p\u003e \u003cp\u003eAnalyzing Markets 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSpoke 3 Risk: Initial Capital Risk, Position Sizing, Potential Reward 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisks Involved in Risk 109\u003c\/p\u003e \u003cp\u003eMindsets Needed for Risking Capital 115\u003c\/p\u003e \u003cp\u003eWays to Effectively Manage Risk 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSpoke 4 Trade Management: Managing Risk throughout the Life of the Trade 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLife Cycle of a Trade 139\u003c\/p\u003e \u003cp\u003eBeginning of the Trade 140\u003c\/p\u003e \u003cp\u003eFour Types of Exits 143\u003c\/p\u003e \u003cp\u003eWhen to Sell in Stages vs. When to Sell It All 154\u003c\/p\u003e \u003cp\u003eWhen to Add 159\u003c\/p\u003e \u003cp\u003eDealing with Earnings Announcements 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSpoke 5 Portfolio Management: The BIG Picture and Assessing Our Total Risk 165\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAssessing “Portfolio Heat” 166\u003c\/p\u003e \u003cp\u003ePaul’s Story 168\u003c\/p\u003e \u003cp\u003eSetting Up Circuit Breakers 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSpoke 6 Post Analysis: Step Two of Continuous Improvement 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat to Include in Post Analysis? How Long and How Often? 174\u003c\/p\u003e \u003cp\u003eGetting Organized 176\u003c\/p\u003e \u003cp\u003eThree Habits That Will Help You Improve 179\u003c\/p\u003e \u003cp\u003eDiscipline + Balance = Sustainable Success 182\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSpoke 7 Testing: Factor Modeling, Back Testing, and Forward Testing 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFactor Modeling 188\u003c\/p\u003e \u003cp\u003eBack Testing 192\u003c\/p\u003e \u003cp\u003eForward Testing 193\u003c\/p\u003e \u003cp\u003eConclusion 197\u003c\/p\u003e \u003cp\u003eAcknowledgments and Inspirations 199\u003c\/p\u003e \u003cp\u003eAbout the Author 201\u003c\/p\u003e \u003cp\u003eIndex 203\u003c\/p\u003e \u003cp\u003e\u003cb\u003eMICHAEL LAMOTHE\u003c\/b\u003e is the Founder and CEO of Mara Wealth, a company that coaches new and experienced traders. He has over 20 years’ experience in the financial investment space as an entrepreneur, trader, and coach, and has dealt in stocks, options, forex, crypto, futures, and commodities. He is the bestselling author of \u003ci\u003eThe MARA Mindshift Guide.\u003c\/i\u003e\u003c\/p\u003e   \u003cp\u003eMany people try their hand at trading, only to suffer a few quick and consecutive setbacks that send them running from the field. Many more never try in the first place, worried about losing their nest egg with significant losses in an increasingly volatile market. A few, however, conquer their fears, find trading success, and build wealth. This book is about how to become one of those few. \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eThe Trading Mindwheel: Eight Essential Skills for Trading Mastery,\u003c\/i\u003e renowned entrepreneur, investor, and coach Michael Lamothe delivers a practical and hands-on blueprint to personal investing success. In the book, you’ll discover the mindsets, belief systems, and psychological frames you need to adopt to maximize your chances of emerging victorious from the investing arena. You’ll learn to increase returns and reduce risk by analyzing individual trades and markets as you manage your portfolio and continuously validate and improve your trading skills. \u003c\/p\u003e\u003cp\u003eThe author explains how to use journaling as a roadmap to continuous personal improvement and offers strategies for using post analysis to validate the trades you’ve made and the skills you’ve developed. He also discusses how to manage individual trades and portfolios in a way that limits relevant risks and reduces your exposure to “black swan” events with the potential to negatively impact your returns. \u003c\/p\u003e\u003cp\u003eAn essential resource for anyone interested in finance, investment, trading, and growing their personal wealth, \u003ci\u003eThe Trading Mindwheel: Eight Essential Skills for Trading Mastery\u003c\/i\u003e will earn a place in the libraries of retail investors, portfolio managers, securities analysts, and anyone else with a personal or professional stake in the financial markets.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for The Trading Mindwheel\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e“Excellent! \u003ci\u003eThe Trading Mindwheel\u003c\/i\u003e is packed with many practical steps needed to become a more successful trader. It’s perfect for anyone who’s read \u003ci\u003eReminiscences of a Stock Operator\u003c\/i\u003e (Lefèvre\/Livermore) and William O’Neil’s book,\u003ci\u003e How to Make Money in Stocks,\u003c\/i\u003e and is ready for more specifics.”\u003cbr\u003e \u003cb\u003e—Mike Webster, \u003c\/b\u003ePortfolio Manager for a private fund, former Head Market Strategist for Investor’s Business Daily, and former SVP\/Portfolio Manager for O’Neil Capital Management \u003c\/p\u003e\u003cp\u003e“Mike explains trading psychology in a way that every trader can not only grasp, but instantly apply to their trading. The tips and techniques that Mike shares are not going to be found in some random online blog. Mike has such a unique way of explaining things that you’re sure to find value in every sentence.”\u003cbr\u003e \u003cb\u003e—Austin Silver, \u003c\/b\u003eFounder of ASFX.biz and Host of The Day Trading Show Podcast \u003c\/p\u003e\u003cp\u003e“In his book,\u003ci\u003e The Trading Mindwheel,\u003c\/i\u003e Michael emphasizes the vital role mindset plays in a trader’s ability to profitably execute a sound trading strategy. Top-performing traders know that achieving trading mastery first requires overcoming mental barriers.”\u003cbr\u003e \u003cb\u003e—Leif Soreide,\u003c\/b\u003e 2019 U.S. Investing Champion and Founder of Champion Team Trading \u003c\/p\u003e\u003cp\u003e“The biggest misconception new traders have when learning how to trade is that their technical or fundamental strategy will be all they need to become a successful trader, but without the proper mindset, they will never find success as a trader.\u003ci\u003e The Trading Mindwheel \u003c\/i\u003elays out 8 essential skills that will be worth more to a trader than any technical or fundamental strategy they will learn.”\u003cbr\u003e \u003cb\u003e—Anthony Crudele,\u003c\/b\u003e Host of Futures Radio Show Podcast\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990356181221,"sku":"NP9781119868248","price":39.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119868248.jpg?v=1761787491","url":"https:\/\/k12savings.com\/products\/the-trading-mindwheel-isbn-9781119868248","provider":"K12savings","version":"1.0","type":"link"}