The Laws of Trading, Agustin Lebron
The Laws of Trading, Agustin Lebron
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The Laws of Trading
A Trader's Guide to Better Decision-Making for Everyone

Author: Agustin Lebron

Narrator: Timothy Andrés Pabon

Unabridged: 11 hr 18 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 07/30/2019


Synopsis

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 book will teach you exactly those skills.


Reviews

Goodreads review by Imran on August 23, 2020

Readers looking to improve their stock / FX trading strategies will be disappointed by LeBron's otherwise decent book. Despite the title, LeBron's book is more a generalist almost philosophical work and not specific to trading. Despite all of the above, it's a well written book. The author interlace......more

Goodreads review by Franta on March 02, 2020

This is one of the best books about decision making, mental models, and risk management for (smart) people without any background in trading/finance. It should be a bestseller as the application of it would help anyone make more money whatever they do. Right now it is a kind of a hidden gem, which giv......more

Goodreads review by Tony on September 26, 2021

Don't be fooled by the rather cliche and dodgy title of the book! This book is extremely practical and useful IMO. And I think I just found a hidden gem of a book about behaviour finance, social sciences, psychology and life in general. At the point of writing, I have read close to a hundred trading......more

Goodreads review by Ronald on March 16, 2021

Doesn't really goes into details on trading, to me this is just scratching the surface, but it's a good intro book to some of the principles in trading (which can also be used in other fields too)......more

Goodreads review by Lyubomir on August 18, 2021

not the book (about prop trading) you want but the book you should read - prop trader......more