In the newly revised second edition of The ART® of Trading: A 7-Step Approach for Traders and Investors in the Financial Markets , renowned trader and four-time bestselling author Bennett McDowell delivers a comprehensive and incisive approach for profitable trading and investing. In the book, you'll find an all-in-one resource packed with strategies on critical investing and trading skills, from identifying intelligent entries and exits to trade management, trading psychology insights, risk control techniques, and more. The author provides engaging, expert instruction in the four major areas of trading, which he calls the ART® Pie : trading rules, risk management, traders' mindset, and trade debriefing. He also walks you through the seven steps to success he's identified in his extensive finance and investing career. Filled with practical tips you can apply immediately to improve and refine your trading strategy, The ART® of Trading dives into the psychology of trading--and how to avoid the twin pitfalls of fear and greed--as well as techniques for implementing a viable and effective risk management system that limits your losses without unnecessarily impeding your ability to find big wins. You'll also learn how to design and test your own trading rules from scratch, ensuring your system remains on sound and stable ground. A must-have resource for day traders, retail investors, and portfolio managers, The ART® of Trading is an intuitive, powerful, all-in-one guide to participating in the financial markets as an investor and trader. If you apply its lessons, you'll become more skilled and effective with a deeper knowledge of the systems, rules, and trends that drive success.