Can you recommend a course on trading psychology?

[Raheel Shaikh]

I changed the way i thought about what was a successful trade. It didn't matter if I made money on the trade or not. What mattered was whether I followed the plan.

Rate yourself by whether you followed your plan.
Write down your reason for not following the plan.
Write it down so you can review the reasons after a couple weeks of trading.

Top quality of successful trader
the amount of growth after doing this is remarkable.

 

[sebking1986]

This reminds me of that old joke about economists. If you put 10 economists in a room, you'll get 11 opinions...

Everyone will give you an answer based on what works for them. So find what works for you. You are the person behind the trade; pulling the trigger, therefore your solution to the mental game will be personal.

Lots of good suggestions... But for me personally:

First and foremost Mark Douglas. "Trading in the Zone" transformed me from a mental wreck to a professional trader, that and a lot of help behind the scenes from a couple of very important people here on ET.

Secondly I found Jared Tendlers "Mental game of Trading" to be of enourmous help. I tell people that I've helped that Mark Douglas tells you what is wrong, Tendler tells you how to fix it.

Couldn't recommend these two books highly enough. They help you to develop a probability based mindset, and give you a framework to continually assess and improve.

As Douglas said: "Trading is a pattern repetition numbers game"... The rest is repetition.

There are practical exercises you can do to imprint a probability based mindset, reach out if you want more info on that.

Finally, as an aside, I found a few points in "Thinking in Bets" by Annie Duke useful as well...

Good Luck! The rewards are there if you put the work in

/fin

I say exactly the same about Tendler. Practical steps that you can implement and fix your problems.

 

[formikatrading]

Good post by fan27.

I have read all the books. The reality is that what I thought was psychological was an incomplete approach / process.

I have had paid sessions with Andrea Wylan, Mandi Pour Rafsendjani, and Dr. Kenneth Reid. All of them were worth it as I picked up something from all of them -- and worth much more than any books.

Still, the gaps in my approach / process needed to be fixed. Once I did that, it all came together. By no means am I automated, but I now have 5 factors that define my approach / process which I can describe to anyone (without getting into all the details of how I determine those factors). It took many years to get to this point. I'm still a flawed human and sometimes I don't fully trust it and I can still get in my own way or make a mistake but the psychological demons that used to overcome me are pretty much restrained.

I read Mark Douglas' books years ago but it had little impact on my trading at the time because I had no edge. They are good enough, but really, you just need an edge, rules and the ability to follow those rules.

 

[Leob]

You can't be in emotion state and not act emotionally. Same as you can't drink alcohol and decide to stay sober.
If you had to make decisions and you believe in your adge, you in alert mode. In alert mode your performance should be at the peak, naturally, in the cognitive level.
If you are a jet fighter you believe that in the end of the day, using those routine you practice over and over, those routine are your tools, and your mind will "help you" to execute those routines correctly.
Because when you believe your will serve those believes.
And don't get me worng, "Trading In The Zone" is a must read book.

 

[adonisperry]

Though I struggled a lot in the past with my trading psychology, I never took any trading course for that. I think it’s a field that can not be taught, rather developed through repetition of good trading habits. I worked on that and have successfully seen improvement in myself.

 

[ActiveLead]

I think that the trading psychology depends on the trader’s mindset, there is no as such course according to me, you need to develop your mind in such a way that it doesn’t let you go off the track.

 

[deaddog]

I think that the trading psychology depends on the trader’s mindset, there is no as such course according to me, you need to develop your mind in such a way that it doesn’t let you go off the track.

How do you propose a trader do that?

 

[GotherL]

Don't waste your time on pschology courses it isn't gonna change your mental discipline in trading.

It's fixed from a young age and become near impossible to change without life changing circumstances.

In the end, you may realize your mistakes, but still end up repeating them.

 

[maxinger]

Don't waste your time on pschology courses it isn't gonna change your mental discipline in trading.

It's fixed from a young age and become near impossible to change without life changing circumstances.

In the end, you may realize your mistakes, but still end up repeating them.

That is exactly why we need
psychology course / mind management / mind exercise /
mind cleansing ...

to address the subconscious mind problem so as to be mindful/centered.

The solution is there. but we have to try very hard to
manage our subconscious mind problem.

 

[GotherL]

The solution is there. but we have to try very hard to
manage our subconscious mind problem.

Trying very hard often leads to failure esp when it comes to self-improvement.