The Psychology of Trading has ratings and 6 reviews. Terry said: Superbly written, fascinating Brett Steenbarger is a professional Psychiat. What’s New. 12/31/07 – Happy New Year! In coming weeks, I’ll be reorganizing this site and its content. Meanwhile, market updates will be available on the. Brett N. Steenbarger, Ph.D. is Director of Trader Development for Kingstree Trading, .. NY and author of The Psychology of Trading (Wiley, ). As Director of.
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Return to Book Page. The Psychology of Trading: In addition to providing modern, scientificknowledge about psychology, this book provides a mirror into themind and wide breadth of knowledge of one of the leadingpractitioners of brief and effectual cures.
Will help to cure yourtrading and your life. A book that rises above the old NLP model of the80’s and provides insights on how our relationship with the marketis indeed a very personal one.
Not only has Steenbarger providedsome fantastic tools for the trader to transform his mindset, buthe has contributed unique trading ideas as well. Mandatory reading for anyone intending to earn a livelihoodthrough trading. It’sOliver Sacks meets Mr.
Brett Steenbarger – Psychology Of Trading – Meetup Download ( Pages | Free )
Market-extraordinary tales of ordinaryprofessionals and individuals with investment disorders, and howthey successfully overcame them. It is a must-read both for privateinvestors who have been shell-shocked in the bear market and wantto learn how to start again, as well as for pros who seek an extraedge from extra inner knowledge.
Steenbarger’s personal voyage intothe mind of the market is destined to become a classic. Steenbarger’s fascinating, highly readable blend of practicalinsights from his dual careers as a brilliant psychologist andtrader will benefit every investor; knowing oneself is as importantas knowing the market.
Hardcoverpages. Published December 23rd by Wiley first published December 9th To see what your friends thought of this book, please sign up. To ask other readers questions about The Psychology of Tradingplease sign up. Be the first to ask a question about The Psychology of Trading.
The Psychology of Trading: Tools and Techniques for Minding the Markets by Brett N. Steenbarger
Lists with This Book. Mar 18, Terry Kim rated it it was amazing. Superbly written, fascinating book. Dr Brett Steenbarger is a professional Psychiatrist and also a Trader. There is no other better qualified person I could think of to write this book about Trading Psychology. Book contains various examples of real patients who have variety of psychlogy mental problems and past that cause personality and social disorders.
Dr Steenbarger explores his deep perspective of these psychotherapy and relates it to trading psychology various issues that many traders face Superbly written, fascinating book.
Dr Steenbarger explores his deep perspective of these psychotherapy and relates it to trading psychology various issues that many traders face. I believe that success as a Trader really comes down to two points, Edge and Psychology. This book is one book that can help tremendously on Psychology of trading and also psychology to live a happier and more fulfilling life. If you are a Trader or an investor, and you havent herd of Dr Brett Steenbarger, I strongly recommend you read this book earlier the better.
I’m stoked psyfhology read Dr Steenbarger’s other books and I’ll finish this review with a great quote from the book: Jun 15, Jason Field rated pychology really liked it Shelves: Contains countless psychoology of knowledge that can be used in life let alone trading performance.
Well worth the read. Jan 14, Michael Huang rated it it was ok. The stefnbarger is a psychotherapist who does trading on the side, presumably when the therapy business is slow.
Brett Steenbarger – Psychology Of Trading – Meetup
Being a trained scientist you can argue about whether psychotherapy is a true sciencehe applied what he knows best psychology to the problems traders have — intuitively traders tend to go through emotional roller coasters a lot. This is a book that documented some of these sessions not always with traders and attempted to draw some general lessons about “psycho Very disappointing.
This is a book that documented some of these sessions not always with traders and attempted to draw some general lessons about “psychology of trading”.
It could be a reasonably good book under a different title, say “Random thoughts from a psychotherapist”, but “psychology of trading” is way out of the league of this book — and the subtitle “tools and techniques for minding the market” is borderline misleading as a title. Let’s start with the good part. Being a psychotherapist with a long history of practice, the author has an interesting array of client stories to relate. If these are not illuminating, they are at least an interesting collage of people and their problems.
Being a presumably good therapist, he will also be able to convey some key insights of the business. For example, he mentions that the purpose of therapy is to “comfort the afflicted and afflict the comfortable”. I thought that was cute. At least it tells you that unless you are bored by your comfort, don’t go see a shrink. Unfortunately, the list of the bad part is somewhat longer.
In “How to read a book”, Adler and van Doren tell you to X-ray the book in order to understand the general message. This is when I first had the feeling it’s not looking good. You know the author is going to play hide and seek. Unfortunately, this turned out to be the case. If the stories are interesting, and the writing is good, I wouldn’t mind nearly as much.
But some of the stories are downright weird, leaving you with big question marks in the shape of WTF floating in front of you.
You ask, do we learn anything about trading after all? And that’s the biggest thing. When the lessons are finally revealed, they often feel like flimsy narrative to support some vague principles that sounded good. For example, he talks about psychotherapists “make an effort to tune out clients’ words and simply absorb the feeling tone of their verbal and physical communication”.
I thought this was a very interesting piece of insight into how they work. But listen to the lesson when it applies to trading: And it gets worse. Later on, the author explains that forehead skin temperature is associated with cortex activity and he will not issue a trade if the temperature is “below baseline”. Except it is not. I did a cursory research on forehead temperature with brain activity and found no scholarly article to conjecture and support the belief that lower temperature than baseline means something.
There is no citation in the book to support the argument. This to me is worse, as it is not voodoo-presented-as-voodoo, but voodoo cloaked in scientific robe. I get it that Dr. S needs to make a living and establish himself as an expert in some field and get a reputation to attract clients as well as speaking opportunities. And who knows, to those traders who read books a year, there might be a lot of insights new to someone.
But after spending quite some time I don’t drop a book midway reading not at all enlightening nor entertaining pages, I get angry. But proceed with caution.
Sep 13, Nico Nieuwendijk rated it it was amazing. Steenbarger – in trading circles a famous psychologist and day trader – wrote with ‘The Psychology Of Trading’ one of the most important books about the most important aspect of trading.
A must-read for every student as well as the accomplished trader. Also interesting for all people interested in psychology and the many psychological biases people tend to suffer from. Oct 11, Mona Sethi rated it really liked it. Case studies where I could see so many recognisable patterns in myself.
Will read it again soon. Nov 27, Candy Chiu rated it really liked it. The author devoted more than half of the book to clinical psychology. It is a worthwhile read, however, the most practical may not find it useful. Stephen Buck rated it it was amazing Aug 03, Richard Moreen rated it really liked it Dec 21, Oliver rated it it was amazing Feb 05, Joe Lu rated it it was amazing Sep 26, Shane Simbeck rated it it was amazing Jan 28, Evandro Faria rated it really liked it Jul 19, Ed rated it really liked it May 31, Kelly rated it really liked it Nov 09, Bartosz Dabrowski rated it it was amazing Mar 30, Dan Danciuti rated it really liked it Sep 24, Stephen Chung rated it really liked it May 16, TraderVal rated it really liked it Apr 22, Bekzod Usanov rated it it was amazing Oct 18, Neoasimov rated it really liked it Feb 28,