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    What I learned Losing A Million Dollars | Summary
    What I learned Losing A Million Dollars | Summary
    What I learned Losing A Million Dollars | Summary
    Ebook42 pages32 minutes

    What I learned Losing A Million Dollars | Summary

    By Better Business Summaries

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    About this ebook

    When he initially began trading, Jim Paul believed he was some type of Superman. He believed he was invincible - that whatever he touched would become gold. When he lost a million dollars, he recognized he was human like the rest of us, that he had actually just got fortunate, and that continuously flexing the guidelines just gets you so far. Any financier worth his salt requires far more than luck and self-confidence: he has to discover ways to lose.
    What I Discovered Losing A Million Dollars does not concentrate on success through winning. Part autobiography and part trading writing, it analyses failure and the best ways to manage losses. Jim Paul rose to real leadership, reaching his zenith in his mid-thirties, prior to collapsing and falling right down to the bottom. He discovered a lot about himself through his failures in the trading pit. He analyzed and checked out the psychology behind trading, and how it is our behavioral attributes instead of a changing market that causes flawed trading. It is frequently who we are, and not exactly what we are doing, that results in falling down. He advises us that we have to change our basic habits.

    LanguageEnglish
    PublisherSummary Station
    Release dateMay 13, 2017
    ISBN9781370909384
    What I learned Losing A Million Dollars | Summary

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      Book preview

      What I learned Losing A Million Dollars | Summary - Better Business Summaries

      Summary of

      What I learned Losing A Million Dollars

      From Jim Paul and Brendan Moynihan

      By Better Business Summaries

      Copyright © 2016 by Better Business Summaries

      All rights reserved. This book or any portion thereof

      may not be reproduced or used in any manner whatsoever

      without the express written permission of the publisher

      except for the use of brief quotations in a book review.

      Printed in the United States of America

      First Printing, 2016

      Smashwords Edition

      Table of Contents

      Introduction

      Chapter 1

      Chapter 2

      Chapter 3

      Chapter 4

      Chapter 5

      Chapter 6

      Analysis

      Thanks for Reading

      About Better Business Summaries

      Introduction

      When he initially began trading, Jim Paul believed he was some type of Superman. He believed he was invincible - that whatever he touched would become gold. When he lost a million dollars, he recognized he was human like the rest of us, that he had actually just got fortunate, and that continuously flexing the guidelines just gets you so far. Any financier worth his salt requires far more than luck and self-confidence: he has to discover ways to lose.

      What I Discovered Losing A Million Dollars does not concentrate on success through winning. Part autobiography and part trading writing, it analyses failure and the best ways to manage losses. Jim Paul rose to real leadership, reaching his zenith in his mid-thirties, prior to collapsing and falling right down to the bottom. He discovered a lot about himself through his failures in the trading pit. He analyzed and checked out the psychology behind trading, and how it is our behavioral attributes instead of a changing market that causes flawed trading. It is frequently who we are, and not exactly what we are doing, that results in falling

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