Introduction to Trading Psychology

A Practical Guide to Improve Your Trading Psychology

De: Mike Baehr, Andrew Aziz

Narrado por: Lyle Blaker

Duración: 5 h y 34 m

Resumen del Editor

In this book, Mike describes the foundation of building a successful career in trading based on the three essential pillars of technology, strategy, and psychology.

While technology and strategy may seem like the ideal place to focus the majority of your time, it truly is your focus on the psychology pillar that will bring your trading to an entirely different level. Join Mike and Andrew as they explore how the mind affects your trading performance. This practical guide is broken down into six parts to assist you in discovering the concepts associated with trading psychology.

In part one, you will embark on a journey which examines the challenges of trading, self-evaluation, and how to determine your trader personality. You and Mike will then together investigate how your mind deals with uncertainty and how that affects your decision-making process in part two. In part three, you will come to understand the importance of discipline in trading and why some people who are well-disciplined in a particular profession do not necessarily carry those skills over to their trading. The next part will introduce you to the concept of remaining mindful and in the present moment while you are analyzing the market prior, during, and after a trade. Part five covers the inevitable feelings of doubt that will arise during a drawdown and how the attribute of mental resilience plays a vital role in recovering your emotional capital. Finally, the book concludes with the often forgotten about aspect of living a healthy lifestyle and the impact that has on your trading account.

©2021 Mike Baehr (P)2021 Mike Baehr

A must read for any Trader

Clear and concise. A well written book. Thank you very much. I learned so much. A must read for any trader.

Vitally important information for any day trader

Where do I start....
I started day trading a couple months ago and it has been a roller coaster ride of emotions. With that being said, I have a strategy/ system that makes me money. Before diving into day trading, I extensively researched this field for months reading all kinds of books on technical analysis as well as the markets. I decided to jump in and get my feet wet with an account that allows me to trade above the PDT restrictions. There were days where I made allot of money, and there were days where I lost even more money. It was hard to hold onto my winners. I assumed it was an issue with my technical analysis and strategies. I quickly came to realize, it wasnt my strategy or tech analysis, but it was about controlling the wide range of emotions a trader goes through. Psychology is an extremely big part of becoming a successful day trader. This is what separates the successful from those who blow up their account and run away from day trading blaming their unfortunate situation on the markets instead of failing to realize the issue lay deep within themselves.
With all this being said, Andrew Aziz and Mike Baehr did a fantastic work with this book. The information contained withing these pages is awesome and clear to understand. If put into practice, will definitely make you a better trader. There community is awesome as well (Bear Bull Traders). I have since become a member and I highly recommend this community. Bear Bull Traders is the only course that will actually go step by step teaching you the fundamentals like it was a college course so you can find your own style and fine tune it. Theres also allot of other resources this community has to offer. I had tried other courses like Warrior Trading but there is nothing like Bear Bull Traders. There are no "Gurus" here. Just professional traders that are mentoring and helping others along the path. They are not trying to get fame or brag about how much the make. The course is designed for the serious professional aspiring trader in mind.
With all this being said, your missing out by not purchasing this book.

Excellent book

Excellent book for day traders. Highly recommended for everyone who wants to become a day trader!!

Great audiobook

You can find valuable information here if you are interested in day trading.
Thank you, Mike!

Worth buying

There are lot of very good points, if can grab 5 ideas from book for me that is a great literature. For sure I got more than 5. Thank you for writing this piece.

not a bad book to start with

started listening but moved on to others before finishing. it was helpful .

the Athore does implore in a great way on how to use stop losses.

I felt the author is using the book to promote his website.

not sure

I think there are too many stories that have nothing to do with trading such as military stories and trying to sound cool. I served too, Kuwait. trading and military no relation with each other.
If I could change at least one thing about this book is that I would get rid of all those extra stories that is just taking other people's time that is not in their intention to hear how you feel asleep in a convoy