next »

[Guest]

Welcome, Guest. Please login or register. Did you miss your activation email?

1 Hour 1 Day 1 Week 1 Month Forever

Login with username, password and session length

Advanced search

• Welcome! by Dutch [August 25, 2010, 04:47:37 AM]
• And You Thought That The ... by Dutch [August 19, 2010, 05:59:06 AM]
• The Inside-Out Trade by TDS4S [August 09, 2010, 10:43:28 PM]
• Trapper Setup by Quixande [June 27, 2010, 06:04:19 PM]
• Seasonal Trading by Dutch [June 03, 2010, 11:15:26 PM]
• Dennis Gartman's Trading ... by Dutch [May 25, 2010, 11:52:39 AM]
• MOVED: Harry's "Afternoon... by Dutch [May 01, 2010, 01:32:39 PM]
• Harry's "Afternoon Deligh... by TNH [April 29, 2010, 09:07:26 PM]

Members

• Total Members: 1067
• Latest: BrandonSmith

Stats

• Total Posts: 105
• Total Topics: 46
• Online Today: 6
• Online Ever: 85
• (September 07, 2009, 12:30:39 PM)

Users Online

Users: 2
Guests: 6
Total: 8

Dutch
tradermom

This will be replaced by the player.

[Dutch]

Every trader, to be consistently successful, must deal with psychological issues. I have found three authors who deal with trader psychology that are MUST reads.

Mark Douglas-an excellent trader who has devoted two books to the field. Both books, in their entirely, should be tattooed on the inner eyelids of every trader! They can be read in any order. However, I recommend that you read Trading In the Zone first followed by The Disciplined Trader: Developing Winning Attitudes.

Dr. Brett N. Steenbarger-a clinical psychologist and trader. Three MUST have books have been written by Dr, Brett. All three belong in every trader's library. The Psychology of Trading and Enhanced Trader Performance are each stand alone works. He has just published The Daily Trading Coach: 101 Lessons For Becoming Your Own Trading Psychologist. This work is thematic. Best used on a daily basis. Take one of the lessons and spend some reflective time with it. Also an excellent source for dealing with specific problems. It should also be mentioned that Dr.Brett has a superior blog site. His daily observations are insightful and penetrating. Spend time in his blog achieves and be very richly rewarded. you can follow him daily on Twitter as well.

Dr. Van K. Tharp-consultant and trading coach. Tharp has written a superior book Trade Your Way to Financial Freedom which includes not only trading psychology but numerous topics including developing trading plans and systems, market strategies, risk management and system evaluation to name a few.

Honorable mention goes to a nifty little book Trading Rules That Work: The 28 Essential Lessons Every Trader Must Master written by Jason Alan Jankovsky. This book is unique in that it takes trading rules, many of which every trader has heard about, and splits each one into two perspectives: 1) What is going on in the market that makes that rule apply and 2) What is going on in your brain and gut and how the same rule applies. Well worth the read.

[pabste]

Het Dutch, I get the Dines letter, he claims he has a Psychology book but never read it. Have you seen it or can you recommend it?

[Dutch]

Pabste, I have not read James Dines book Mass Psychology as yet. A quick review, based solely on his site, it appears to be a book on how to trade against mass sentiment in markets. Also, some content as to how the individual investor/trader can become a better trader/investor. The books outlined above deal exclusively with those issues. Might pick up the book and take a look.