Any good books on trading and psychology besides Trading in the zone ?

[speedo]

Psychologist and trader Denise Shull of The Rethink Group has worked with many traders, including large institutional types. She also authored Market Mind Games which is an interesting read.

 

[formikatrading]

One of the points Denise Shull emphasizes is that emotions are data. If you learn to use them as such, they can reveal your patterns and tendencies. To take this to another level, you can use other traders (and how they are thinking / feeling) as data -- because sometimes it's easier to recognize patterns in others -- and once you figure out their patterns -- and when they are right / wrong, you can use that to guide your own trading.

Psychologist and trader Denise Shull of The Rethink Group has worked with many traders, including large institutional types. She also authored Market Mind Games which is an interesting read.

 

[Raheel Shaikh]

So much of this whole "psychology" issue is recognizing your patterns -- the mental programs you're running in your head when you're trading -- are they serving you or getting in your way? But like I said before, sometimes "lack of an edge" or flawed beliefs / thinking / assumptions sometimes get thrown into "trading psychology" issues. For instance, a person may think they have a discipline issue but the underlying problem may be that they have no edge.

I'm one who thinks talking to a trading coach can often be beneficial because they may uncover what's in your head that you don't realize and help you make some shifts in your thinking.

you're right, lack of edge can could be the main reason you tend to believe things are wrong with psychology aspect of you as a trader
taking foot off the gas and tracing back your losses could be a lot more beneficial

 

[raddo]

Check Quantpedia’s list of Books; there are various books aimed for complete beginners to pro programmers.

 

[jocrape]

Have you read Sway:The Irresistible pull of Irrational Behaviour? The book talks about the obvious problems the traders face and how it affects the ability of decision making. Give it a shot, you'll like it.

 

[ErAli]

Market Wizards – Jack Schwager

 

[Raheel Shaikh]

Have you read Sway:The Irresistible pull of Irrational Behaviour? The book talks about the obvious problems the traders face and how it affects the ability of decision making. Give it a shot, you'll like it.

Sounds interesting, gonna add it to my list
Thank you

 

[murray t turtle]

https://www.kingjamesbibleonline.org/
Sins
People have always been immoral, shiftless, and self-gratifying. For ages, humankind struggled to find a conceptual system to operationalize their spiritual shortcomings.

Pride is excessive belief in one's own abilities, that interferes with the individual's recognition of the grace of God. It has been called the sin from which all others arise. Pride is also known as Vanity.......

Sloth is the avoidance of physical or spiritual work.

%%
DR Van Tharp is one of the best.
He gave a great example in the Jack Schwager /Top Traders books. Even if all the details are not right, most are. The#1 winner of the 100 or 1000 round shooting match, went thru all the 100 or 1,000 shots dry firing, as preparation. Actually, i like to shoot, but not 1,000 times/rounds of preparation. LOL [#2] winner did prep, but not 1,000 rounds of dry fire preparation.
Ed ''long term trend'' Seykota warned Jack Schwager, ''pride is a great banana peel''
Same coin, but IBD founder corrected the sloth miss == ''New traders want to much with to little work''

 

[jocrape]

Sounds interesting, gonna add it to my list
Thank you

My pleasure. Don’t forget to share your feedback if you like the book.

 

[maxinger]

my favorite.

also, google 'meditation by monk'