Read more
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.
List of contents
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
About the author
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.
Summary
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.
