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: The Psychology of Trading: Tools and Techniques for Minding the Markets

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Binding: Kindle Edition
Dewey Decimal Number: 332.64019
Format: Kindle Book
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 352
Publication Date: December 23, 2002
Publisher: Wiley
Sales Rank: 16410
Studio: Wiley




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Editorial Review:

Product Description:
"The one, only, and by far the best book synthesizing psychology and investing. In addition to providing modern, scientific knowledge about psychology, this book provides a mirror into the mind and wide breadth of knowledge of one of the leading practitioners of brief and effectual cures. Will help to cure your trading and your life."
–Victor Niederhoffer, Chief Speculator, Manchester Investments
Author, The Education of a Speculator and Practical Speculation

"How refreshing! A book that rises above the old NLP model of the 80’s and provides insights on how our relationship with the market is indeed a very personal one. Not only has Steenbarger provided some fantastic tools for the trader to transform his mindset, but he has contributed unique trading ideas as well. Brilliant!"
–Linda Raschke, President, LBRGroup, Inc.

"‘Investigate, before you invest’ was for many years the slogan of the New York Stock Exchange. I always thought a better one would be, ‘Investigate YOURSELF, before you invest.’ The Psychology of Trading should help you increase your annual investment rate of return. Mandatory reading for anyone intending to earn a livelihood through trading. "
–Yale Hirsch, The Hirsch Organization Inc., Editor, The Stock Trader’s Almanac

"This highly readable, highly educational, and highly entertaining book will teach you as much about yourself as about trading. It’s Oliver Sacks meets Mr. Market–extraordinary tales of ordinary professionals and individuals with investment disorders, and how they successfully overcame them. It is a must-read both for private investors who have been shell-shocked in the bear market and want to learn how to start again, as well as for pros who seek an extra edge from extra inner knowledge. Steenbarger’s personal voyage into the mind of the market is destined to become a classic."
–Jon Markman, Managing Editor, CNBC on MSN Money
Author, Online Investing and Swing Trading

"Dr. Steenbarger’s fascinating, highly readable blend of practical insights from his dual careers as a brilliant psychologist and trader will benefit every investor; knowing oneself is as important as knowing the market."
–Laurel Kenner, CNBC.com Columnist, Author, Practical Speculation



Customer Reviews
Average Rating:  out of 5 stars

Rating: 5 out of 5 stars - Councelling of students AND stock market trading
The combination of these two subjects sounds awful, but Brett really makes it possible to see the parallels between the two fields. He seems to be a bit full of himself when describing his councelling, but that makes the stories somewhat more interesting. You might read about Stine who cannot study and wonder what on earth it has to do with trading, and then suddenly Brett makes a very surprising twist.

Anyway, you don't buy the book to councel students, but to become a better trader. ... Read More



Rating: 5 out of 5 stars - Great Book, definitely worthy of 5 stars
This is a fantastic book and anyone thinking of buying it should definitely listen to some of the points in this review.

First off, this book and its insights are very well thought out. You get the sense that this author is not some hot shot. He is a down to earth human and it is easy to emphasize with him in many of his stories of emotional swings in the market.

The author is able to take the psychology of trading and apply it to the real world. All too often new traders ... Read More



Rating: 2 out of 5 stars - Overrated
I bought this book for the good reviews here, and the endorsement by Neiderhoffer, and Rashke. I found out that Neiderhoffer is a friend of the author, and Rashke was a consultant to him. The numerous positive reviews, I'm not sure where they came from...

This author spends several pages at a time telling someone's story, some patient of his that had a problem, his analysis of the problem, and a comparison between that and a trader. I read the preface, introduction all the way up to page ... Read More



Rating: 5 out of 5 stars - great book
all of the above positive reviews are applicable.

You can not start day/swing/option trading without understanding yourself, fear and greed.

Dr Brett will move you into action to become move familiar with yourself



Rating: 2 out of 5 stars - Not an Easy Study
I have found the book difficult to apply to my real life. The case histories shared seem promising and interesting, but when I ask,"How does this mirror my own life, and how do I apply the information?" I can't come up with the answers. I am pragmatic, very "bottom line," and this book isn't.

After reading through page 100 and still finding no clear directives, I became bored with it and turned to a more consice, and more interactive book on trading psychology (an ebook titled, "Emotion Free ... Read More



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Disclaimer: Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using these methodologies or systems will generate profits or ensure freedom from losses.

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