Bulls, Bears, and Millionaires: War Stories of the Trading Life
With commodities trading partner Howard Abell inThe Innergame of Trading(1994) and on his own inThe Intuitive Trader(1996), Koppel has emphasized the role such psychological and phenomenological aspects as fear, hesitation, and negativity play in speculation. In this new book, Koppel broadens his outlook, but he is still interested in the intangible factors that lead to trading success. He is also curious about how traders cope with failure and how huge losses affect subsequent behavior. By interviewing various traders as he did in his previous book, Koppel finds answers to those questions. He talks with 18 fellow traders--two of whom are women, and many of whom, like Koppel, have connections to Chicago-based commodities and futures exchanges. By asking what first attracted each of them to trading, Koppel uncovers successful survival strategies.David Rouse