Wish I had more to offer than just the attachment, but I recently skimmed The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg.
His basic premise is that habits are intractable and run more of our actions than we often recognize. To change we must identify the real driver for our behavior and then channel that cue to instigate different behavior.
The book itself strings a series of studies and stories supporting his ideas. I would recommend the first two chapters, which focus on individuals. The remaining chapters' values on organizations and society will depend on your interest/position/perspective.
At the end of the book in an appendix he tries to summarize how to apply habit research to life specifically. The application to trading only needs slight modification.
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Its one of the most simplistic yet useful books for traders. Also saw it on Dr. Oz that changing your habits also makes your brain work harder and extra. Very useful for people with dimentia and Alzeihmer's disease later on. Just simple acts like brushing your teeth in morning with left hand instead of right--same as breaking a habit.
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Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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