The Mental Game of Trading

The Mental Game of Trading

Author: Jared Tendler

Publisher: JT Press

Published: 2021-04-09

Total Pages: 211

ISBN-13: 1734030933

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A step-by-step system for mastering trading psychology. Think about your most costly and recurring trading mistakes. Chances are that they’re related to common errors, such as chasing price, cutting winners short, forcing mediocre trades, and overtrading. You’ve likely tried to fix these errors by improving your technical skills, and yet they persist. That’s because the real source of these mistakes is not technical—they actually stem from greed, fear, anger, or problems with confidence and discipline. If you are like most traders, you probably overlook or misunderstand mental and emotional obstacles. Or worse, you might think you know how to manage them, but you don’t, and end up losing control at the worst possible time. You’re leaving too much money on the table, which will either prevent you from being profitable or realizing your potential. While many trading psychology books offer sound advice, they don’t show you how to do the necessary work. That’s why you haven’t solved the problems hurting your performance. With straight talk and practical solutions, Jared Tendler brings a new voice to trading psychology. In The Mental Game of Trading, he busts myths about emotions, greed, and discipline, and shows you how to look past the obvious to identify the real reasons you’re struggling. This book is different from anything else on the market. You’ll get a step-by-step system for discovering the cause of your problems and eliminating them once and for all. And through real stories of traders from around the world who have successfully used Tendler’s system, you’ll learn how to tackle your problems, improve your day-to-day performance, and increase your profits. Whether you’re an independent or institutional trader, and regardless of whether you trade equities, forex, or cryptocurrencies, you can use this system to improve your decision-making and execution. Finally, you have a way to reach your potential as a trader. Now’s the time to make it happen.


Market Mind Games: A Radical Psychology of Investing, Trading and Risk

Market Mind Games: A Radical Psychology of Investing, Trading and Risk

Author: Denise Shull

Publisher: McGraw Hill Professional

Published: 2011-12-30

Total Pages: 289

ISBN-13: 0071761527

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Seize the advantage in every trade using your greatest asset—“psychological capital”! When it comes to investing, we're usually taught to “conquer” our emotions. Denise Shull sees it in reverse: We need to use our emotions. Combining her expertise in neuroscience with her extensive trading experience, Shull seeks to help you improve your decision making by navigating the shifting relationships among reason, analysis, emotion, and intuition. This is your “psychological capital”—and it's the key to making decisions calmly and rationally during the heat of trading. Market Mind Games explains the basics of neuroscience in language you understand, which is the first tool you need to manage the emotional ups and downs of the trading. It then provides you with a rock-solid trading system designed to take full advantage of your emotional assets.


Trading in the Zone

Trading in the Zone

Author: Mark Douglas

Publisher: Penguin

Published: 2001-01-01

Total Pages: 240

ISBN-13: 1440625417

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Douglas uncovers the underlying reasons for lack of consistency and helps traders overcome the ingrained mental habits that cost them money. He takes on the myths of the market and exposes them one by one teaching traders to look beyond random outcomes, to understand the true realities of risk, and to be comfortable with the "probabilities" of market movement that governs all market speculation.


The Mental Edge in Trading (PB)

The Mental Edge in Trading (PB)

Author: Jason Williams

Publisher: McGraw Hill Professional

Published: 2012-10-19

Total Pages: 239

ISBN-13: 0071799419

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LEVERAGE YOUR MOST POWERFUL TRADING ASSET: YOUR PERSONALITY The Mental Edge in Trading explains the critical link between successful trading and personality traits--and it gives you the tools to use this information to make smarter trades. A highly trained psychiatrist, Dr. Jason Williams, son of legendary trader Larry Williams, explains how to assess and measure your innate personality traits and align them with your trading style for more profitable trading on a more consistent basis. Dr. Williams tested proven winning traders who were managing billions of dollars to see what the great winning traders had in common, what personality traits made them so successful. The results are in this groundbreaking book that will help you become like these winning traders. His conclusions are based on hard science, the latest brain research, and the careful study of successful traders, not on psychobabble meanderings. Dr. Williams provides: A comprehensive overview of how personality/emotions affect every trading decision The information you need to determine the emotions that dominate your decision making Proven methods for adapting your trading plan--and your behavior--to make more money than ever With The Mental Edge in Trading, you have everything you need to apply your cluster of personality traits to become a better, wiser, and more consistently successful market trader. Solid trading strategies and accurate market indicators are crucial. But when push comes to shove, the glue that binds them is your emotional state at any given time. When things go south, the best trading system will collapse like a house of cards--if you allow it to. The Mental Edge in Trading provides the tools you need to ensure this never happens to you by helping you understand and use your emotions when it counts most. It's the key to long-term trading success. Until now, no other book has provided a practical, detailed method for achieving the mental edge in trading. What you'll find inside is based on intensive research into the minds of today’s most profitable traders. The Mental Edge in Trading explains the immutable relationship of human thought, emotion, and behavior and reveals how to: Determine if you should be a systems or discretionary trader Conquer you underlying fear of risk by understanding where it comes from Calm innate anxieties before you start your trading day Use optimism as a "tool" for profitability Remain vigilant as to why you are placing each and every trade This complete trading-improvement tool gives you the information you need to determine and improve your personality traits, discover your dominant emotions, and use this information to adapt your behavior for more successful trading.


The Mental Game of Poker 2

The Mental Game of Poker 2

Author: Jared Tendler

Publisher: Jared Tendler, LLC

Published: 2013

Total Pages: 0

ISBN-13: 9780983959755

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Imagine the edge you would have if you consistently played poker in the zone. You make all the right decisions, know instinctively when to bluff, and are unfazed by a losing hand. You’re locked in and feel unbeatable. It’s shocking how many poker players stumble into this elusive state of mind. As quickly as that euphoric feeling of invincibility arrives, it's gone. And no matter how hard they try, they can’t get back there. Until now. In The Mental Game of Poker 2, author and renowned poker mental game coach Jared Tendler breaks down the zone and delivers actionable steps to help players get there consistently. He demystifies the zone, and for the first time, brings logic and order to this previously misunderstood concept. Above all, Tendler's straightforward, client-tested approach will have you playing at higher levels than you ever thought possible. This book provides proven strategies to: •Consistently play in the zone. •Play poker longer and across more online tables. •Improve decision making. •Learn faster. •Eliminate C-game mistakes. •Increase focus and discipline. Poker is constantly evolving and is as cutthroat as ever. Whether you’re at the top of the game or just starting out, you should be looking for new and better ways to keep up and outpace your opponents. The Mental Game of Poker 2 arms you with the tools to thrive in today’s increasingly competitive environment. It expands on the psychological strategies and theories from Tendler's groundbreaking book, The Mental Game of Poker, which cracked the code on managing tilt and has helped thousands of players eliminate mental leaks from their games. Like the first book, The Mental Game of Poker 2 is a must have resource for every poker player who is serious about improving their game.


Endgame Poker Strategy

Endgame Poker Strategy

Author: Dara O'Kearney

Publisher: Barry Carter

Published: 2021-09-27

Total Pages: 250

ISBN-13:

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Most poker players don't think they need to study ICM until they make a costly mistake at a big final table - don't be one of those players. The Independent Chip Model (ICM) is the most important strategy concept in multi table tournaments, yet very few players understand it, other than knowing they should play tighter on the bubble. Not only does ICM impact the single biggest monetary decisions you make in poker, it also influences everything in a tournament from game selection, staking, when to register, playing the early levels, the bubble, the final table and much more. Endgame Poker Strategy is the first book to take a deep dive into the subject of ICM and how it impacts how you should play in tournaments. This book contains groundbreaking insights that most professional poker players are not aware of, including: • How to adjust your play in the late stages of tournaments • When to ladder and when to play for the win • How to negotiate profitable final table deals • The optimal game selection, rebuy and late registration strategies • How to play short, average and big stacks at the end of tournaments Dara O’Kearney is a professional poker player, sponsored Unibet Pro and co-host of The Chip Race Podcast. He is regarded as one of the best satellite grinders in the world and professional poker players seek out his advice on ICM whenever they prepare for a big final table. He is the co-author of the best selling books Poker Satellite Strategy and PKO Poker Strategy. “In an era of solvers and preflop charts, game states involving ICM pressure remain one of the few unsolved and untapped areas of poker. Endgame Poker Strategy does an excellent job of clearly explaining the most important ICM ideas and effects. Whether you are a beginning player looking to build an understanding of how ICM works, or a more advanced player looking to better internalise ICM concepts, there is something in this book for you.” - Daniel Dvoress, high stakes poker player


The Zen Trader

The Zen Trader

Author: Peter Castle

Publisher: Jaico Publishing House

Published: 2023-04-25

Total Pages: 216

ISBN-13: 8196150776

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Trading is a stressful occupation, with mental and emotional traps on every side. Our instincts drive us to self-destruction: holding plummeting stocks in the hope of a sudden recovery, or obsessing over the minute-to-minute movements of our holdings. What if there were a trader who knew how to avoid these traps and could teach us to trade from a place of inner calm and peace of mind? Peter Castle has been a successful trader in financial markets for almost 30 years. He also happens to be a Zen monk. Peter’s unique perspective gives him unrivalled insight into how the wisdom of Zen can empower us to master our minds and achieve success in the markets. Many guides to using Zen avoid clear prescriptions and rely instead on cryptic quotes. In THE ZEN TRADER, Peter demystifies both trading and Zen, using decades of experience, sharing dozens of real-life examples, and explaining clearly the systems that enable mastery of both disciplines. He teaches us how to limit distraction, focus attention, detach from problematic emotions, be true to ourselves, and embrace the unlimited opportunities that exist in our professional and personal lives. Following Peter’s wisdom, you too can become a ZEN TRADER.


Trade Mindfully

Trade Mindfully

Author: Gary Dayton

Publisher: John Wiley & Sons

Published: 2014-10-31

Total Pages: 325

ISBN-13: 1118991036

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Overcome psychological obstacles to increase trading success Successful traders need to be well-versed and skilled in a wide range of business and economic areas. But now, in addition to effective trading strategies and sound money management techniques, traders need to possess the know-how to handle the mental and emotional challenges of working in a highly volatile environment. Trade Mindfully is a unique resource that applies cutting-edge psychological techniques to trading skills, allowing readers to improve their mental outlooks and maximize the potential of their trading strategies. This book draws upon recent psychological research in behaviorism to teach new approaches that call for better focus, more confidence, and more positive perspectives and outcomes. One of the key concepts covered in the book is mindfulness, a state of mind traditionally touted in the East for its ability to reduce stress and increase perspective, useful qualities for traders looking to rise above emotional obstacles and the poor results they cause. The author also discusses the importance of High Value Trading Actions (HVAs), specific actions that are under a trader's control. With this guide, trading professionals will be able to form solid strategies based on a combination of these notions and practices, leading to higher levels of trading performance. Applies sound psychological practice and evidence-based research to the trading profession Covers the psychological perspectives and mental skills needed to succeed in today's trading world Focuses on key concepts that lead to deliberate practice, specific trading activities, and increased awareness and focus Designed to help traders deal with the emotional challenges that come with uncertainty and risk Trade Mindfully touches on the most essential concepts for anyone intrigued by what trading psychology has to offer, and delivers the best strategies for achieving the right mental skills for peak performance.


The Mental Strategies of Top Traders

The Mental Strategies of Top Traders

Author: Ari Kiev

Publisher: John Wiley & Sons

Published: 2009-12-21

Total Pages: 214

ISBN-13: 0470509538

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An honest depiction of the challenges of trading and a clear explanation of what it takes to succeed Trading tends to be a winner-take-all activity where a small number of traders are very successful, while the majority either lose money or generate relatively small profits. In The Mental Strategies of Top Traders, author Ari Kiev identifies and analyzes the characteristics of successful traders and shows you how to cultivate these same characteristics. Successful trading, Kiev asserts, requires an unusual and sometimes contradictory blend of intellectual and psychological abilities, including the willingness to take risks, but in a very controlled manner; the discipline to develop high-conviction trading ideas in the face of unpredictable markets and incomplete information; as well as a strong drive to win, but also accept failure. Here, you'll discover how to achieve all this, and much more. Provides advice and solutions for traders struggling with today's volatile and stressful markets Authoritatively identifies key mental strategies of top traders Written by Ari Kiev, a highly respected figure in the professional trading community Analysis is supported by comments from contemporary traders and portfolio managers, many of whom struggled with the markets of 2008 Designed with the serious trader in mind, this book will put you in a better position to excel in today's tumultuous markets.