Best books on Trading Psychology

florriefello

florriefello

I think Trading psychology is something that we need to learn through practicals more than theory. Still reading some good books can be beneficial for beginners to get into the subject. So, here’s my list of best books on the topic of trading psychology.
  • Trading in the Zone by Mark Douglas
  • The Disciplined Trader by Mark Douglas
  • Market Wizards by Jack Schwager
  • The Psychology Of Trading by Brett N. Steenbarger
  • Trading Psychology 2.0 by Brett N. Steenbarger
Feel free to add more and also comment on the ones you have read from the list.
 
florriefello said:
I think Trading psychology is something that we need to learn through practicals more than theory. Still reading some good books can be beneficial for beginners to get into the subject. So, here’s my list of best books on the topic of trading psychology.
  • Trading in the Zone by Mark Douglas
  • The Disciplined Trader by Mark Douglas
  • Market Wizards by Jack Schwager
  • The Psychology Of Trading by Brett N. Steenbarger
  • Trading Psychology 2.0 by Brett N. Steenbarger
Feel free to add more and also comment on the ones you have read from the list.
More...
Wow! In decades, I've never seen a list of books for traders, without the one that all top traders pay tribute to, which also includes excellent view of psychology:

 
From my experience you should understand what psychology the market try to operate on you the retail trader. Reading Trading in the zone explain human psychology weakness, the market try to take advantage from those weakness. The context of reading trading psychology books should "what the market want me to think, to feal" especially when price condition are unclear.
 
Q.E.D. said:
Wow! In decades, I've never seen a list of books for traders, without the one that all top traders pay tribute to, which also includes excellent view of psychology:

More...
Apparently prior link was not included. However, the best book on trading, including psychology is:
Reminiscences of a Stock Operator

https://en.wikipedia.org/wiki/Reminiscences_of_a_Stock_Operator

Even after my first reading, more than 40 years ago, I still flip through quotes I physically typed on index cards. Yes, pre computers.
 
Q.E.D. said:
Pity you don't understand the difference between speculating and gambling
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They are the same thing.

Imagine placing a bet on an uncertain outcome and convincing yourself that isn't gambling.

Even of the odds are in your favor...is the casino not also gambling with their money? They take huge hits all the time. Hell they go bankrupt (blow up) too...

It's gambling by definition.
 
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