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In an engaging manner that provides practical solutions to real trading problems, Dr. Steenbarger walks you through the most common cognitive and emotional tendencies that distort efforts at identifying and trading market patterns. He then describes specific skills derived from years of brief therapy practice to help you become an effective observer of these tendencies and gain control over them. By blending state-of-the-art research from psychology and cognitive neuroscience with detailed case studies, The Psychology of Trading provides you with the intellectual and emotional ammunition to face yourself and transform your approach to risk and reward.
"How refreshing! A book that rises above the old NLP model of the 80s and provides insights on how our relationship with the market is indeed a very personal one. Not only has Steenbarger provided some fantastic tools for the trader to transform his mindset, but he has contributed unique trading ideas as well. Brilliant!"
Linda Raschke, President, LBRGroup, Inc.
"Investigate, before you invest was for many years the slogan of the New York Stock Exchange. I always thought a better one would be, Investigate YOURSELF, before you invest. The Psychology of Trading should help you increase your annual investment rate of return. Mandatory reading for anyone intending to earn a livelihood through trading. "
Yale Hirsch, The Hirsch Organization Inc., Editor, The Stock Traders Almanac
"This highly readable, highly educational, and highly entertaining book will teach you as much about yourself as about trading. Its Oliver Sacks meets Mr. Marketextraordinary tales of ordinary professionals and individuals with investment disorders, and how they successfully overcame them. It is a must-read both for private investors who have been shell-shocked in the bear market and want to learn how to start again, as well as for pros who seek an extra edge from extra inner knowledge. Steenbargers personal voyage into the mind of the market is destined to become a classic."
Jon Markman, Managing Editor, CNBC on MSN Money
Author, Online Investing and Swing Trading
"Dr. Steenbargers fascinating, highly readable blend of practical insights from his dual careers as a brilliant psychologist and trader will benefit every investor; knowing oneself is as important as knowing the market."
Laurel Kenner, CNBC.com Columnist, Author, Practical Speculation
To advanced or beginner traders I highly recommend reading this book to propel your trading forward.
I have read Douglas and I have Ari Kiev's book which I will read one of these days, but I can't see how it can top Steenbarger's.
Rarely have I read a book that both contained so much useful information and presentated it so well.
Of course this book is very useful and contains a lot of fresh and right ideas. I would recommend this book to everybody, but advice not to blindly believe everything you will read... Read morePublished 3 months ago by Tim Martynov
Whether the market one trades, this is definitely a mind opener to what you need, next to Mark Douglas these two novels top the psychology reads for traders.Published 4 months ago by ryan mann
I can understand why some people are not thrilled with the content of the book as it seemed off topic most of the time. Nevertheless, it was helpful and an interesting read. Read morePublished 9 months ago by Herb Hunter
I hate this book because it is not written for traders or people want to know more about psychology of trading, a lot of the examples in the book has nothing to do with trader's... Read morePublished 12 months ago by Richard Tso
My son has read it twice, we agree that every trader should read it. close second to "Trading in the Zone", I think that is the name of itPublished 12 months ago by D. Duvos
There are a lot of books these days about trading and trading psychology. It's great to have so much selection but it's getting harder to make a choice about which one's to read. Read morePublished 14 months ago by Robert
Great book that goes into detail about traders psychological downfalls and how to recognize them as signals. A must read.Published 20 months ago by IDTRADER
I picked this up during a drawdown in my trading performance; its absolutely the most fantastic book to affect my trading performance. Read morePublished 20 months ago by Varun
I really tried choking this book down but just couldn't do it. I made it about halfway through before I finally gave up. Read morePublished on August 27, 2012 by M. J. Bonney