Trading Psychology for Dummies

Keep your head in the game! Make smarter, confident trades in global markets
 
Trading is 80% psychology and 20% methodology. Trading Psychology For Dummies helps you develop the mindset you need to respond correctly in any market condition. Make more money on your trades as you develop mental strength, act confidently, and avoid the typical mistakes traders make when they don't understand their own minds. This book is for traders with any portfolio size and any risk tolerance. With the clear and easy approach that has made Dummies investing books so wildly popular, you can take your trading skills to the next level. When you stop underestimating how much your psychology governs your returns, you'll discover ways to tweak your own thought process for better trading results.
* Learn how human psychology influences decision making in financial markets and other areas of life
* Discover advice and techniques that you can try right away to make more rational trades
* Examine how institutional investors account for market psychology when they predict price movements
* Earn better returns with the perspective of veteran traders who apply psychology-based techniques daily
 
Trading Psychology For Dummies gives an edge to novice and experienced traders alike. Gain confidence and maintain a flexible and open mind when trading.

Inhaltsverzeichnis

Introduction 1
 
Part 1: The Sovereign Trader 9
 
Chapter 1: Brain-Compatible Trading 11
 
Chapter 2: Developing Mental Strength 19
 
Part 2: Making a Successful Trade 35
 
Chapter 3: Developing Your Personal Trading System 37
 
Chapter 4: Implementing Your Trading Plans 63
 
Part 3: Emotional Sovereignty 83
 
Chapter 5: Seeing Trading as Personality Development 85
 
Chapter 6: Practicing Mental Self-Coaching 107
 
Chapter 7: The Psychology of Coping with Losses 121
 
Chapter 8: Adopting Techniques for Coping with Stress and Anxiety 139
 
Part 4: Making Decisions Safely 151
 
Chapter 9: Untangling Decision-Making's Hidden Path 153
 
Chapter 10: Using Evolutionary Rules of Thumb 165
 
Chapter 11: Finding the Right Basis for Decision-Making in Trading 171
 
Part 5: Keeping Bad Behavior in Check 185
 
Chapter 12: Avoiding the Obvious Mistakes 187
 
Chapter 13: Dealing with the Stock Exchange's Collective Misbehavior 199
 
Chapter 14: Getting a Better Grip on Your Trading Ego 215
 
Chapter 15: Fear: Your Constant Trading Companion 225
 
Part 6: The Parts of Ten 243
 
Chapter 16: Ten Psychological Traps to Avoid When Trading 245
 
Chapter 17: Ten Success Secrets of Mentally Superior Traders 251
 
Chapter 18: Ten Guiding Principles for the Perfect Trading Day 257
 
Index 267

Über den Autor / die Autorin

Roland Ullrich has worked for 20 years at investment banks in Frankfurt, London, and New York, including five years on Wall Street. For twelve years now, he has been coaching professional and private traders. He is also advising and lecturing on the topics of trading psychology and brain-friendly stock market strategies.

Zusammenfassung

Keep your head in the game! Make smarter, confident trades in global markets

Trading is 80% psychology and 20% methodology. Trading Psychology For Dummies helps you develop the mindset you need to respond correctly in any market condition. Make more money on your trades as you develop mental strength, act confidently, and avoid the typical mistakes traders make when they don't understand their own minds. This book is for traders with any portfolio size and any risk tolerance. With the clear and easy approach that has made Dummies investing books so wildly popular, you can take your trading skills to the next level. When you stop underestimating how much your psychology governs your returns, you'll discover ways to tweak your own thought process for better trading results.
* Learn how human psychology influences decision making in financial markets and other areas of life
* Discover advice and techniques that you can try right away to make more rational trades
* Examine how institutional investors account for market psychology when they predict price movements
* Earn better returns with the perspective of veteran traders who apply psychology-based techniques daily

Trading Psychology For Dummies gives an edge to novice and experienced traders alike. Gain confidence and maintain a flexible and open mind when trading.

Produktdetails

• Autoren: ULLRICH, R Ullrich, Roland Ullrich
• Verlag: Wiley, John and Sons Ltd
• Sprache: Englisch
• Produktform: Taschenbuch
• Erschienen: 31.07.2022
• EAN: 9781119879589
• ISBN: 978-1-119-87958-9
• Seiten: 288
• Themen: Sachbuch > Politik, Gesellschaft, Wirtschaft > Geld, Bank, Börse; Sozialwissenschaften, Recht,Wirtschaft > Wirtschaft > Betriebswirtschaft; trading, Börsenhandel, Finance & Investments, Finanz- u. Anlagewesen