The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust Hardcover – 14 June 2012

Greatly written book about the biology of trading with lots of background information. I enjoyed reading this because I went through the trader's blues from bust to boom a couple of times myself and books like this help to understand what's happening to me when I run into problems.

Fantastic book - fascinating content, engaging writing, widely relevant and applicable (far beyond the trading room). The book really is about how the brain works and some specific effects driving decision-making. I reference the book frequently in my consulting work.

The author has done a good job explaining why we do some irracional things when trading. But I was expecting a little more about how we can avoid this kind of behavior

For all the books I have ever read about behavioral economics, psychology and trading, hoping to become a better trader ( I spent about 4 years as a pro prop trader) none of them combined comes close to this in giving me what I was looking for. And I'm not exaggerating. While most traders, or would be traders, go into the profession thinking they can beat the market if they learn more, or learn to control their emotions and discipline, Coates gets to the heart of the matter, which is...decision making behavior is principally a product of things we do not control, and more specifically, it is due to hormones. It's not that simple, or simplistic of course but Coates writes in an entertaining way that is both academically valid, completely compelling and thoroughly entertaining! Understanding how and why we act is something rarely addressed by most writers in trading psychology. Yet it is without question, the most crucial step to improvement. I can't give the book enough praise.

As a seasoned financial market aficionado, but a complete novice in the realm of biology, I found this read to be nothing short of captivating. The author delves into the intricate workings of the human body's response to risk-taking, triumph, and failure, exploring the neurological and endocrine reactions that have evolved over time.While I must admit that the book could have benefited from some trimming down, and the recommendations presented lacked a certain persuasive power, I still found myself thoroughly engrossed in the author's research. Perhaps if the author had concluded the book with a simple summary of their findings, it would have made for a more seamless read. Nevertheless, I walked away from this book feeling wholly satisfied.