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
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LOT-4 FRANKLIN HALF DOLLAR 1950D 1951S 1952D 1953D $20.39 |
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Kennedy Half Dollar Lot 6 circulated NR $0.55 |
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1964 Kennedy half Dollars silver Lot of 4 NR $21.00 |
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Kennedy Half Dollar Lot 1980-1988 $15.00 |
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Kennedy Half Dollar Lot 1973-1978 $15.00 |
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1954 Franklin Silver Half Dollar – 3 lot $15.61 |
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10 DIFF SILVER LIBERTY WALKING HALF DOLLARS LOT 1928 S $78.77 |
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Lot of 11 Assorted Silver Half Dollars $42.00 |
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Lot of 10 HALF DOLLAR OREGON TRAIL COIN CONCHOS 1 1/4″ $22.95 |
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1964 Kennedy half Dollars silver Lot of 20 NR $96.01 |
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1964 Kennedy half Dollars silver Lot of 10 NR $52.95 |
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Lot of 7 Barber Half Dollar Silver Coins P, S, D & O $74.95 |
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LOT OF 11 KENNEDY CLAD HALF DOLLARS $7.50 |
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Lot of 3 1893 US Columbian Half Dollars Estate $15.66 |
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Lot of 7 US Walking Liberty Half Dollars Estate $24.52 |
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LOT OF TWO OLD USA HALF DOLLARS DATED 1827 & 1858 $15.50 |
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1940-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0229 $22.89 |
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1941-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0220 $17.89 |
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1942-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0219 $17.89 |
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1942-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0228 $17.89 |
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1944-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0225 $17.89 |
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1944-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0217 $17.89 |
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1944-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0230 $22.89 |
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1944-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0231 $22.89 |
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1945-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0226 $17.89 |
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1945-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0227 $17.89 |
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LOT OF 3 BARBER SILVER HALF DOLLARS $17.38 |
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1946-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0224 $17.89 |
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1946-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0221 $17.89 |
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1946-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0218 $17.89 |
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1946-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0214 $17.89 |
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1947-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0216 $17.89 |
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1943-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0222 $17.89 |
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1943-P LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0213 $17.89 |
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1943-D LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0215 $17.89 |
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1943-D LIBERTY WALKING HALF DOLLAR U.S. COIN LOT A0223 $17.89 |
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$25 Face lot of 90% Silver Half Dollars $282.77 |
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1908-O BARBER HALF DOLLAR 90% SILVER LOT A0234 $22.67 |
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1908-O BARBER HALF DOLLAR 90% SILVER LOT A0251 $27.67 |
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1908-O BARBER HALF DOLLAR 90% SILVER LOT A0242 $27.67 |
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1908-O BARBER HALF DOLLAR 90% SILVER LOT A0247 $27.67 |
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1908-O BARBER HALF DOLLAR 90% SILVER LOT A0257 $17.67 |
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1906-O BARBER HALF DOLLAR 90% SILVER LOT A0243 $27.67 |
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1903-O BARBER HALF DOLLAR 90% SILVER LOT A0235 $22.67 |
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1900-O BARBER HALF DOLLAR 90% SILVER LOT A0261 $37.67 |
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1900-O BARBER HALF DOLLAR 90% SILVER LOT A0258 $37.67 |
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1900-O BARBER HALF DOLLAR 90% SILVER LOT A0254 $17.67 |
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1900-O BARBER HALF DOLLAR 90% SILVER LOT A0233 $22.67 |
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1899-O BARBER HALF DOLLAR 90% SILVER LOT A0255 $17.67 |
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1894-O BARBER HALF DOLLAR 90% SILVER LOT A0259 $37.67 |
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1898-P BARBER HALF DOLLAR 90% SILVER LOT A0238 $22.67 |
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1902-P BARBER HALF DOLLAR 90% SILVER LOT A0232 $27.67 |
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1904-P BARBER HALF DOLLAR 90% SILVER LOT A0245 $22.67 |
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1910-P BARBER HALF DOLLAR 90% SILVER LOT A0240 $27.67 |
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1911-P BARBER HALF DOLLAR 90% SILVER LOT A0253 $22.67 |
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1915-S BARBER HALF DOLLAR 90% SILVER LOT A0248 $27.67 |
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1914-S BARBER HALF DOLLAR 90% SILVER LOT A0236 $27.67 |
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1913-S BARBER HALF DOLLAR 90% SILVER LOT A0250 $22.67 |
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1909-S BARBER HALF DOLLAR 90% SILVER LOT A0249 $22.67 |
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1905-S BARBER HALF DOLLAR 90% SILVER LOT A0244 $27.67 |
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1907-S BARBER HALF DOLLAR 90% SILVER LOT A0262 $37.67 |
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1907-S BARBER HALF DOLLAR 90% SILVER LOT A0252 $37.67 |
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1905-S BARBER HALF DOLLAR 90% SILVER LOT A0241 $27.67 |
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1905-S BARBER HALF DOLLAR 90% SILVER LOT A0246 $22.67 |
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1907-D BARBER HALF DOLLAR 90% SILVER LOT A0239 $22.67 |
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47 40% Silver Kennedy Clad Half Dollar Coins Lot $104.72 |
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1912-D BARBER HALF DOLLAR 90% SILVER LOT A0237 $27.67 |
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1905-O BARBER HALF DOLLAR 90% SILVER LOT A0260 $77.67 |
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Lot of 14 1962 Silver Franklin Half Dollars Coins $82.23 |
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Lot of 20 Silver Liberty Walking Half Dollar Coins $127.50 |
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100ct LOT 2×2 PAPER COIN FLIPS SUPPLIES HALF DOLLAR $3.29 |
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10 DIFF SILVER BARBER HALF DOLLARS LOT 1910 1898O 1914S $118.09 |
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1896 O SILVER BARBER HALF DOLLAR LOT KEY 924K L.TY RIMS $36.50 |
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LOT OF 2 STANDING LIBERTY HALF DOLLARS & 1963 HALF $13.50 |
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EXCLNT SILVER 1937 D LIBERTY WALKING HALF DOLLAR LOT HG $12.11 |
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Lot (5) 1967 Kennedy Half Dollars – Nice! $8.53 |
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Lot of 10 SILVER WALKING LIBERTY HALF DOLLARS $62.01 |
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Lot (4) 1972 Eisenhower Half Dollars – (2) D mint-Nice! $7.95 |
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10 DIFF SILVER BARBER HALF DOLLARS LOT 1897 O 1913 188K $86.05 |
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Walking Liberty Half Dollar 8 Coin Lot, Good To EX Fine $26.00 |
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40% Silver Kennedy Half Dollars!!!!Lot of (7) Coins!!!! $10.70 |
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40% Silver Kennedy Half Dollars!!!!Lot of (6) Coins!!!! $11.27 |
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40% Silver Kennedy Half Dollars!!!!Lot of (6) Coins!!!! $11.50 |
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LOT OF 20 Walking Liberty Half Dollars 90% Silver $117.27 |
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LOT OF 20 (1965 – 1970) KENNEDY HALF DOLLARS 40% SILVER $45.00 |
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LOT OF 20 Walking Liberty Half Dollars 90% Silver $124.27 |
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LOT OF 20 ( 1964 ) KENNEDY HALF DOLLARS 90% SILVER $112.50 |
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1974 Kennedy Half Dollar Lot – 2ct $2.99 |
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@ LOT OF 20 ( UNCIRCULATED ) KENNEDY HALF DOLLARS @ $24.95 |
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@ LOT OF 5 ( PROOF ) KENNEDY HALF DOLLARS @ $9.95 |
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Canadian Silver Coins Lot – quarters dimes half-dollars $42.00 |
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Lot of 20 2001-D Kennedy half dollars BU (NR) $0.99 |
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LOT OF 20 Walking Liberty Half Dollars 90% Silver $107.51 |
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LOT OF 18 Walking Liberty Half Dollars 90% Silver $105.99 |
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1955 1962 1963 FRANKLIN HALF DOLLAR NGC MS LOT OF 5 $76.00 |
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LOT OF 3 BARBER SILVER HALF DOLLARS $16.88 |
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Lot of 10 Kennedy JFK Half Dollar PROOF coins CAMEO $22.01 |
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FRANKLIN & KENNEDY HALF DOLLAR COIN BOOK LOT $183.30 |
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1950 1951 1954 FRANKLIN HALF DOLLAR NGC AU LOT OF 9 $36.00 |