The Way of the Warrior Trader

By Richard McCall,

Book cover of The Way of the Warrior Trader: The Financial Risk-Taker's Guide to Samurai Courage, Confidence and Discipline

Book description

Trading is war, an ongoing battle against other traders to get to profitable positions first, seize profits and move on to the next battle. "The Way of the Warrior Trader" applies time-honored precepts of the samurai discipline to modern trading, showing the reader ways to use centuries-old methods for victory…

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Why read it?

1 author picked The Way of the Warrior Trader as one of their favorite books. Why do they recommend it?

Bo Yoder

Author

This is my second favorite book on the mental game of trading.

It’s written in an easy-to-read manner and the connections McCall makes to the ancient samurai code of “Bushido” are still very relevant to today’s active trader.

If you start with building an unshakeable mindset, all your work of system development or edge optimization will be fully rewarded… Because you won’t be cutting trades or making emotionally impulsive choices that are the “unforced errors” that leak your profits back into the market.

Fail in this mental quest and the markets are nothing more than a gambling vehicle.

From Bo's list on helping you optimize your trading edge.