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Books : Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology (Wiley Trading)

Books : Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology (Wiley Trading)

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Rating: 5 out of 5 stars - More than trading psychology - it is a blueprint to becoming an expert trader
This is the best book ever that describes the process to become an expert trader. Using his real world experience as a trading mentor at Kingstree, he came to a radically new understanding of how an elite trader is made. For example, the meshing of a trader's qualities to his trading style, more than his psychological makeup, is responsible for his consistency and discipline. Contrary to his previous perception, he found inadequate training is the cause of most performance shortcomings, and came to the conclusion that proper training is trading psychology.

This is a great book, especially the first five chapters. You'll find many actionable suggestions that will help you lay out your path to becoming an expert trader.




Rating: 5 out of 5 stars - I loved Enhancing Trader Performance for three reasons:
1. It made me think, ponder, wonder and search

2. It was easy to identify with one of the composite traders in the book and I learned from all of them

3. It gave me legitimate, proven, easy-to-understand tools to improve my learning, understanding and performance

What a great book,

--h



Rating: 5 out of 5 stars - Hits A Home Run
I definitely recommend Brett Steenbarger's book "Enhancing Trader Performance" to investors and traders alike.
Because of the psychological issues of both systems design & development, and discretionary trading aspects, psychology is a critical component to ones success or failure as an trader. The analogies of trading to real life figures such as Jesse Owens and Nolan Ryan, experts in their althleticism is conveyed to traders in a clear, experienced manner.




Rating: 4 out of 5 stars - The first 6 pages are a page turner
I just read the first 6 pages of Brett Steenbarger's new book titled, "Enhancing Trader Performance: Proven Strategies from the Cutting Edge of Trader Psychology." The book was just released on November 3rd.

Brett easily hooked me in the first 6 pages with a profile in psychology of two real traders. The first trader, Al never lost his cool and didn't violate his stop losses. The second trader, Mick was kind of a hot head who violated his stops and took a loss personally. Mick after having a bad morning where he allowed his emotion to affect his trading decided to skip lunch to review his trading, figure out the market and also how to get back his money. Al took his lunch and went back to trading with his cool and calm style after lunch. Which one is the successful trader you ask? Mick is the multi-million-dollar performer. Al is no longer trading. How has Mick been able to succeed despite his obvious violation of psychological principles? Deliberate practice. Mick is dedicated to the market and analyzes his every mistake. This helped in preparing him for similarly frustrating trading scenarios and provided him with the confidence to get through it.

I have not bought the book yet but I might.


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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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