---
product_id: 148619788
title: "The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success"
brand: "ari kiev"
price: "80182CFA"
currency: XOF
in_stock: true
reviews_count: 7
url: https://www.desertcart.sn/products/148619788-the-mental-strategies-of-top-traders-the-psychological-determinants-trading
store_origin: SN
region: Senegal
---

# The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success

**Brand:** ari kiev
**Price:** 80182CFA
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success by ari kiev
- **How much does it cost?** 80182CFA with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.sn](https://www.desertcart.sn/products/148619788-the-mental-strategies-of-top-traders-the-psychological-determinants-trading)

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## Description

The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success

## Images

![The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success - Image 1](https://m.media-amazon.com/images/I/61jz59VedFL.jpg)
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## Customer Reviews

### ⭐⭐⭐⭐⭐ Get inside the mind of successful traders.
*by S***S on January 9, 2010*

While this book was intended for portfolio managers, analysts, hedge fund managers, and people that manage traders I believe that all traders will find it helpful. Author Ari Kiev has combined what he has learned over the years while working with traders along with interviews with successful portfolio managers. The book is about the correct mental strategies that must be used to be a successful trader and also gives you ideas on how you can determine if you have the right psychological make up to be successful yourself as a trader. The driving force behind the book is the question "How can you increase your chances of winning?" "The issue is not which horse in the race is the most likely winner, but which horse or horses are offering odds that exceed their actual chances of victory...Under this mindset everything but the odds fades from view. ...You are looking for the best bet, not whether you like the horse." This is a perfect analogy, I have recently thought of day trading as being a horse race where you are allowed to bet on the winner while the race is under way then collect your profits on the bet while your horse is still winning. Those are much better odds than a real horse race. Legendary trader Nicholas Darvas has also advised betting on stocks like horses by picking the biggest and fastest one. I also like the following quote from the book that emphasizes consistency in trading: "If you do the right thing enough times, the results will take care of themselves. Process over immediate results is the key." Since portfolio managers are only right 60% of the time and traders even less, the capacity to come back from failure and draw downs is a major characteristic of a successful trader. Every trader I know and every legendary trader I have studied ALL had to come back from losing most of their capital at the beginning of their trading careers, including myself. But after paying for this education they all came back to become successful and wealthy. Successful traders have the ability to function on their own, to find and develop ideas, and stay disciplined and on target. Winning traders also develop balance between a sense of urgency to get things done and achieve goals and the need to do this in a balanced way so that mistakes are not made due to haste or over enthusiasm. The personality traits for a goal directed trader are that they are an achiever, focused, an avid learner, and have the intuitive ability to see the whole picture. "Successful risk taking is the ability to take risk in a controlled way, follow the rules, manage draw downs, cull losers, add to winners, express conviction in ideas in terms of sizing, and use capital appropriately." Ari Kiev also explains in depth that to be a winning trader you must separate your emotional responses from the trading decisions you are making. Fear and greed are two of these emotions that ruin traders causing them to sell at low prices and buy at high prices, and not taking trades when their system tells them to, then chasing a trade when it is to late. This book is an excellent book to add to the trading psychology part of your home library. I have been a successful trader/investor for a decade and have read 150 books on trading and I give it 5 stars with no hesitation.

### ⭐⭐⭐⭐⭐ Five Stars
*by D***L on March 13, 2016*

This was a suggested read by Tod Mitchell of Trading Concepts. And all trades need to read it

### ⭐⭐ Boring
*by A***H on October 7, 2013*

Not fun to read, longer than it should be and not recommended as a read unless you are a trader or work with traders very often.

## Frequently Bought Together

- The Mental Strategies of Top Traders: The Psychological Determinants of Trading Success
- Trading in the Zone : Maximizing Performance with Focus and Discipline
- The Psychology of Risk: Mastering Market Uncertainty

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*Product available on Desertcart Senegal*
*Store origin: SN*
*Last updated: 2026-02-19*