Archive for February, 2010
Half Dollar Lot
Essential Investment Books â What I Learned Losing a Million Dollars
This book by Jim Paul and Brendan Moynihan is a book any trader should read – The book correctly states that there are lots of different ways to make money and only a few ways to lose it. Therefore you need to concentrate on not losing first
If you have not read this book you will see the markets in a completely different light and one that could lead you to bigger profits and is simply one of the best investment books ever writtten.
What I Learned Losing a Million Dollars is a fascinating, insightful, easy-to-read true story of Jim Paul’s rise from a humble country background to jet-setting millionaire trader and Governor of the Chicago Mercantile Exchange.
It is an examination of the lessons he learned from losing a million dollars in the market which brought about his demise and then covers his rise from the ashes.
This book contains no technical theories and really focuses on how NOT To lose money – there are plenty of ways to make money so how come most traders lose it?
The answer lies as we have stated that:
It’s not how you make money that’s important there are many ways to do that, but are only a few ways to lose it and if you are mindful of them and don’t make losing mistakes – you can emerge a winner.
The book is essentially divided into two parts:
Section 1
The first half of the book about Jim’s life makes you feel close to him and the experience he is facing as his world crashes around him. It’s both funny and sad in equal measure and is a superb fiction story.
Section 2
After the loss and its aftermath, comes the authors views of what he had learned and this really is original, thought provoking and insightful. The authors show you how to identify and manage the risks, both monetary and emotional that is part of any decision making including trading.
Playing great defense
The authors covers the key areas ALL losing traders fail in, that let losses get out of control.
Key areas covered are:
– The three biggest mistakes traders make and how to avoid them.
- Why the most important part of building wealth is not losing it.
- The psychological pattern which all losses take in a traders head, regardless of the position size
The discussion on the risk/reward ratio, and why most other books get it wrong is perhaps the most interesting part of the book.
This point is worth the books price alone as the aothor explains
Why you have to take into account the PROBABILITY of return, and PROBABILITY of loss, when trading and not simply divide the size of your expected return by the size of your expected loss, as most authors suggest – if you do you will lose!
This really is the key point of the book if you want to keep losses under control as it states in the preface.
“This book is a case study of the classic tale of countless entrepreneurs: the risk taker who sees an opportunity, the idea that clicks the intoxicating growth, the errors and the collapse. Our case is that of a trader, but as with all case studies and parables the lessons can be applied to a great many other situations.
If you want a book to show you the importance of emotional discipline and the art of risk management, then this is it.
This book has recently gone out of print, so get your hands on a second hand copy or get to the library and read it.
About the Author
GRAB 3 X FREE TRADER & FREE TRADER PROFITS NEWSLETTER
On all aspects of becoming a profitable trader including features, downloads and some critical FREE Trader PDF’s and more FREE Forex Education visit our website at http://www.net-planet.org/index.html
|
|
1898 S 1906 O Barber Silver Half Dollar US Coin Lot $35.00 |
|
|
1776-1976-S SILVER KENNEDY HALF DOLLAR BU LOT OF 6 $42.77 |
|
|
Walking Liberty Half Dollars Lot of 5 $34.00 |
|
|
LOT OF (3) 1964 KENNEDY 90% SILVER HALF DOLLARS AU $22.03 |
|
|
Assorted Kennedy circulated Half Dollars-LOT OF 7 $3.25 |
|
|
Lot of Four (4) 1964 Kennedy Half Dollars 90% Silver $25.53 |
|
|
Mixed lot of U.S. Kennedy half dollars coins $2.50 |
|
|
Mixed lot of U.S. Kennedy half dollars coins $2.50 |
|
|
LOT T4005 1961 P FRANKLIN HALF DOLLARS PROOF LOT OF 10 $157.00 |
|
|
Lot of 3 BEN FRANKLIN Half Dollars 1960’s No mint marks $22.73 |
|
|
Lot of 38, Kennedy Half Dollars, 1965, 1966, 1967, 1968 $101.47 |
|
|
Lot of sixty (60), Kennedy Half Dollars, 1967,1968,1969 $164.00 |
|
|
BEN FRANKLIN HALF DOLLARS LOT OF FIVE $31.00 |
|
|
Lot of 4 1930s Liberty Walking Half Dollar MIXED LOT $27.01 |
|
|
Lot of 5 1940s Liberty Walking Half Dollar MIXED LOT $36.00 |
|
|
Kennedy Half Dollar Lot 22 Coins 1965 – 1969 40% Silver $53.48 |
|
|
Lot (2) Liberty Half Dollars Littleton Coin 1943D 1946 $14.05 |
|
|
DEEP PROOF1964 JFK HALF DOLLAR 90% SILVER COIN LOT LQQK $5.50 |
|
|
Walking Liberty Halve Lot 18 silver half dollars $120.50 |
|
|
AIRTITE Coin Holders Kennedy/Franklin Halves Dollar lot $9.25 |
|
|
DEEP CAMEO PROOF ROLL 2004 SILVER HALF DOLLARS COIN LOT $179.99 |
|
|
2 SILVER FRANKLIN HALF DOLLARS 1951 1963-D US COIN LOT! $13.01 |
|
|
SILVER US COIN LOT 1+OZ ~DOLLARS HALVES QTRS DIMES+GOLD $18.70 |
|
|
1910 P 50c ROLL BARBER HALF DOLLAR HALVES HOARD LOT $350.00 |
|
|
Lot of 20 Kennedy Half Dollar US Coin 1964-1969 Silver $53.56 |
|
|
SILVER US COIN LOT 1+OZ ~DOLLARS HALVES QTRS DIMES+GOLD $15.50 |
|
|
Lot of 4 90% silver KENNEDY HALVES half dollars 1964 $22.00 |
|
|
Lot of 4 90% silver KENNEDY HALVES half dollars 1964 $21.50 |
|
|
Lot of 4 90% silver KENNEDY HALVES half dollars 1964 $21.50 |
|
|
100ct LOT 2×2 PAPER COIN FLIPS SUPPLIES HALF DOLLAR $7.49 |
|
|
Barber/Walking Liberty Half Dollar Clearance lot $72.95 |
|
|
HUGE LOT 19 1964 KENNEDY HALVES DOLLARS 90% $112.50 |
|
|
LOT OF 4 BU 1964-D KENNEDY HALF DOLLARS 90% SILVER NR $23.50 |
|
|
LOT T4622 1963-D FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4614 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4624 1963-D FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4615 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4610 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4616 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4611 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4619 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4621 1963-D FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4609 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4612 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4617 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4618 1963-P FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T4620 1963-D FRANKLIN HALF DOLLAR BU ROLL OF 20 $277.00 |
|
|
LOT T0172 1962-P PROOF FRANKLIN HALF DOLLAR ROLL OF 20 $277.00 |
|
|
5 COIN MIXED LOT OF HALF DOLLARS $4.99 |
|
|
LOT of 51 FRANKLIN HALF DOLLARS SILVER $350.63 |
|
|
LOT OF 18 LIBERTY WALKING HALF DOLLARS $122.50 |
|
|
LOT OF 13 KENNEDY HALF DOLLARS $19.00 |
|
|
Lot #17 – 10 – 1964 Kennedy Half Dollar Coins $65.00 |
|
|
LOT T8413 1893 COLUMBIAN COMMEMORATIVE HALF DOLLAR $22.77 |
|
|
1960 X 4 HALF DOLLAR CAN NICE LOT .800 SILVER EACH COIN $16.75 |
|
|
1961 X 4 HALF DOLLAR CAN NICE LOT .800 SILVER EACH COIN $16.75 |
|
|
1962 X 4 HALF DOLLAR CAN NICE LOT .800 SILVER EACH COIN $16.75 |
|
|
WHOLESALE LOT- 500 2X2 HALF DOLLAR HOLDERS $12.50 |
|
|
40% Silver Clad US Kennedy Half Dollar Lot $25 Face $198.00 |
|
|
lot of 20 kennedy half dollars $40.00 |
|
|
1960′S FRANKLIN HALF DOLLARS – LOT OF 5 – .900 SILVER $28.00 |
|
|
Lot of Four (4) 1964 Kennedy Half Dollars 90% Silver $22.28 |
|
|
1892 1893 COLUMBIAN EXPOSTION HALF DOLLAR LOT OF 7 $61.56 |
|
|
1908 D P O S BARBER HALF DOLLAR LOT OF 4 G VG $39.00 |
|
|
1909 P O S BARBER HALF DOLLAR LOT OF 3 G VG $39.00 |
|
|
11 Walking Liberty Halves: 1941 – 1944 Half Dollars Lot $77.00 |
|
|
1977-S U.S. Kennedy Half Dollar (Lot #2) – Proof $4.25 |
|
|
Lot of 3 Walking Liberty Half dollars 1942 1946 $15.05 |
|
|
Mixed lot of 5 Kennedy Half Dollars $25.00 |
|
|
ONE LOT OF 2 SEATED HALF DOLLARS 1854O & 1858-VG $50.00 |
|
|
90% Silver Half Dollars Mixed Lot 180 Coins $1,235.00 |
|
|
Coin Lot 1964 And 1966 .50 Half Dollars $0.99 |
|
|
5 Oz Silver Coin 1853 Dime 55 Mercury Lot 1 Half Dollar $79.00 |
|
|
Lot of 3 Franklin Half Dollars Silver $15.50 |
|
|
Benjamin Franklin Half Dollars Lot 1957d, 1959d, 1963d $16.27 |
|
|
LOT OF 5 ROLLS OF BU CLAD KENNEDY HALF DOLLARS $64.95 |
|
|
Lot of 700 half dollar coin holders cardboard $29.99 |
|
|
Lot 5 1964 US Mint Proof Coins Last Silver Half Dollar $20.50 |
|
|
silver coin lot quarters, dimes & half dollar $22.00 |
|
|
Lot Of Six Pieces Junk Silver Coins -dollars and halves $49.00 |
|
|
LOT OF TEN 1861 CONFEDERATE CSA SILVER HALF DOLLAR COPY $79.95 |
|
|
lot of eight 1964 Kennedy Half Dollars $59.99 |
|
|
Lot 40% silver US half dollar Kennedy $64.77 |
|
|
Lot of 18 Franklin Half Dollars, various dates – Silver $112.50 |
|
|
Lot of 41 Silver Walking Liberty Half Dollars – Asstd. $0.99 |
|
|
Lot of 35 Silver Franklin Half Dollars – 1948 – 1963 $0.99 |
|
|
LOT 17 Uncirculated 1973 KENNEDY Half Dollars US Mint * $13.77 |
|
|
LOT 20 ROLL Uncirculated 1973 D KENNEDY Half Dollars BU $15.77 |
|
|
LOT 20 ROLL Uncirculated 1974 KENNEDY Half Dollars MINT $15.77 |
|
|
LOT 20 ROLL Uncirculated 1974 D KENNEDY Half Dollars BU $15.77 |
|
|
1964 KENNEDY HALF DOLLARS *** 90% SILVER *** LOT OF 6 $33.00 |
|
|
LOT 20 ROLL Uncirculated 1977 KENNEDY Half Dollars MINT $15.77 |
|
|
#6732-5 100-Lot Coin Capsules FLOWING HAIR, HALF DOLLAR $32.95 |
|
|
LOT 20 ROLL Uncirculated 1977 D KENNEDY Half Dollars BU $15.77 |
|
|
LOT 20 ROLL Uncirculated 1978 KENNEDY Half Dollars MINT $15.77 |
|
|
LOT 20 ROLL Uncirculated 1978 D KENNEDY Half Dollars BU $15.77 |
|
|
LOT 20 ROLL Uncirculated 1979 KENNEDY Half Dollars MINT $15.77 |
|
|
LOT 20 ROLL Uncirculated 1979 D KENNEDY Half Dollars BU $15.77 |
|
|
LOT 20 ROLL Uncirculated 1980 KENNEDY Half Dollars MINT $15.77 |