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Publisher's Summary

Trading books generally break down into two categories: the ones which claim to teach you how to make money trading, and the memoir-style books recounting scandals and bad behavior. But the former don't have profitable trades to teach; if they did, they'd keep those trades to themselves. And the latter are frequently entertaining, but they don't leave you with much you can apply in your own life. The Laws of Trading is different.

All of our relationships and decisions involve trading at some level. This is a book about decision-making through the lens of a professional prop trader. For years, behavioral and cognitive scientists have shown us how human decision-making is flawed and biased. But how do you learn to avoid these problems in day-to-day decisions where you have to react in real-time? What are the important things to think about and to act on? The world needs a book by a prop trader who has lived, breathed, and taught trading for a living, drawing upon years of insights on the trading floor in real markets, good and bad, whether going sideways, crashing, or bubbling over. If you can master the decision-making skills needed to profitably trade in modern markets, you can master decision-making in all walks of life. This audiobook will teach you exactly those skills.

©2019 Agustin Lebron (P)2019 Gildan Media

What listeners say about The Laws of Trading

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  • Overall
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  • Robwynge
  • 09-05-20

Great book on the philosophy of trading

Truly interesting book on trading from an experienced former market maker. It doesn't provide you with an edge for your trading, but helps you better understand what it takes to be successful at the trading game. Really priceless insights from someone with this type of background. Highly recommend.

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  • Philo
  • 11-10-19

Risk and trading wisdom for a broad audience

I have enjoyed this a lot, despite having heard many works in this area before. It is not as hard-edged or colorful or idiosyncratic as, say, Nassim Taleb, but it is clear and well-thought and brings its clear ideas across quite well. It covers more ground, and more systematically than Taleb does in any of his works. This is from soup to nuts, sizing things up and making choices. The intuitions and chunks of wisdom are readily understood and broadly applicable. The ideas scale into all kinds of situations. I am not a big fan of this narrator, whose voice is squashed into a softened midrange I find bland and unstimulating. However, if the book is good enough, he is competent, and I have got used to it, because the content is worth it. The messages and points grow coherently stronger as the book progresses. This book will definitely get a second listen-through. It might be one of my "desert island" picks.

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  • Lonnie G. Hardy, Jr.
  • 16-09-19

Not useful

Great philosophy but little practical value
Most ideas expressed are already well known
To most thinking persons