A Zen Trading System: The Stock Market Experiments of a Trader-Philosopher

Overview

Update: This book reached #1 on Amazon's "Business and Investing" best-seller list for the kindle version.

If you are like most people, you probably worry about having enough money for retirement and, perhaps, sending your children to college.
After the Great Recession, and all the stories of Wall Street hedge funds "hacking" the markets with algorithms, it's understandable to think that successful investing ...

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More About This Book

Overview

Update: This book reached #1 on Amazon's "Business and Investing" best-seller list for the kindle version.

If you are like most people, you probably worry about having enough money for retirement and, perhaps, sending your children to college.
After the Great Recession, and all the stories of Wall Street hedge funds "hacking" the markets with algorithms, it's understandable to think that successful investing is only for the upper "1%".

This isn't true, however. The fact is that anyone can trade stocks, mutual funds, and ETFs. There is a simple, easy to use trading system that can handle today's volatile markets.

Praveen Puri, who wrote the best-selling book "Stock Trading Riches: The Simple, but Powerful Formula that Transforms Your Stock Picks into Money Pumps", suggests that investors would do well to shift their focus from Wall Street to the Great Wall.

Puri is one of the growing numbers of financial and trading veterans who started to embrace Eastern principles for success.

In the '90's, he was a day trader glued to screens, phones, and CNBC. Puri found himself running faster just to stay in the game. He felt pressured to leverage his portfolio with futures and options. He worked hard, suffered stress, and failed to meet his performance goals.

Then, in 2000, he studied and applied the lessons of Taoism, Zen, and Hinduism:

The market is reality. Traders must accept and adapt to whatever it does.
Focus on the present moment. It is the only thing you have control over.
Concentrate on your duty (trade your system), not on the fruits of your labor (short term results).

Puri developed a minimalist, Zen-like investment system that uses no news reports, fancy technical indicators or charts to distract from the present moment. He relies on a single formula to calculate when to buy low and sell high. He obeys his formula, and does not let minor fluctuations trigger fear and greed.

He now "surfs" in flow with the market, trades longer term, and is no longer glued to the screen. He only trades common stocks, mutual funds, and ETFs. He is no longer stressed, and his performance exceeds his expectations.

Puri feels that any investor or trader can benefit from an Eastern KISS (Keep It Short and Simple) approach:

Accept the fact that no investment system is perfect.
The market goes where it wants to, not where investors would like it to.
Less is more. Adding complex rules, indicators, and exotic products tends to raise trading costs, and makes your portfolio less flexible and robust.
Focus on executing your plan, and not dwelling on short-term performance.

"A Zen Trading System" is a re-issue of "Stock Trading Riches", and includes the latter title's 2009 updates, which include:

More information on portfolio design
Advice about stock picking
A link to a downloadable spreadsheet
A bonus system for investing in IPOs

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Product Details

  • ISBN-13: 9781480189768
  • Publisher: CreateSpace Publishing
  • Publication date: 10/27/2012
  • Pages: 104
  • Product dimensions: 8.00 (w) x 10.00 (h) x 0.22 (d)

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