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Psychology books related to my biggest pitfalls
Started: by SoftSoap Views / Replies:626 / 14
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Psychology books related to my biggest pitfalls

  #11 (permalink)
Market Wizard
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Cogito ergo sum View Post
Even though this book is not directly trading related, I do believe that it is a good and applicable read to have a better understanding of your judgement and decision making process.

This book is recommended in at least one trading training programme.

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  #12 (permalink)
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lemons View Post
Best book is Mark Douglas " Trading in the Zone".
And may be the only book you need about trading psychology.

If you ask you will get it
if you look you will find it
If you knock door will open


Completely agree. But i could recommend Brett Stinbarger books too. It will enough. If they will not help to fix the brains, nothing will help. Sorry for such a honesty.

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  #13 (permalink)
Market Wizard
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lemons View Post
Best book is Mark Douglas " Trading in the Zone".
And may be the only book you need about trading psychology.

If you ask you will get it
if you look you will find it
If you knock door will open


I'll add that to the list

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  #14 (permalink)
Market Wizard
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Cogito ergo sum View Post
Even though this book is not directly trading related, I do believe that it is a good and applicable read to have a better understanding of your judgement and decision making process.

Thinking, Fast and Slow is a best-selling 2011 book by Nobel Memorial Prize in Economics winner Daniel Kahneman which summarizes research that he conducted over decades, often in collaboration with Amos Tversky. The book's central thesis is a dichotomy between two modes of thought: "System 1" is fast, instinctive and emotional; "System 2" is slower, more deliberative, and more logical. The book delineates cognitive biases associated with each type of thinking, starting with Kahneman's own research on loss aversion. From framing choices to people's tendency to substitute an easy-to-answer question for one that is harder, the book highlights several decades of academic research to suggest that people place too much confidence in human judgement.

Yeah trading related or not is fine. This honestly sounds like a very good read and it speaks a lot to me this week.
I mentioned how I was in loss aversion mode in my journal this week, and I've been struggling with making fast decisions on my logical setups.
Sounds like a super interesting read, thanks!

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citikot View Post
Completely agree. But i could recommend Brett Stinbarger books too. It will enough. If they will not help to fix the brains, nothing will help. Sorry for such a honesty.

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Yes, Brett Steenbarger books are good...

https://www.amazon.co.uk/Daily-Trading-Coach-Becoming-Psychologist/dp/0470398566 This is always good to refer to when psychological issues crop up in your trading. I often read his blog too TraderFeed

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