The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist
by Brett N. Steenbarger ( )Format: eBook
Pub. Date: 2009-03-01
Publisher(s): Wiley
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Summary
Praise for The Daily Trading Coach"A great book! Simply written, motivational with unique content that leads any trader, novice or experienced, along the path of self-coaching. This is by far Dr. Steenbarger's best book and a must-have addition to any trader's bookshelf. I'll certainly be recommending it to all my friends." --Ray BarrosCEO, Ray Barros Trading Group"Dr. Steenbarger has been helping traders help themselves for many years. Simply put, this book is a must-read for anyone who desires to achieve great success in the market." --Charles E. KirkThe Kirk Report"'Dr. Brett', as he is affectionately known by his blog readers, has assembled a practical guide to self coaching in this excellent book. The strategies he outlines are further enhanced with numerous resources and exercises for the reader to refer to and keep the principles fresh. I enthusiastically encourage anyone interested in bettering their trading and investing to read this book and keep it on their desk as a constant source of learning." --Brian Shannon, www.alphatrends.netauthor of Technical Analysis Using Multiple Timeframes"Dr. Brett has distilled his years of experience, as both a trader and a psychologist/coach, into the 101 practical lessons found in The Daily Trading Coach. Those lessons provide effective strategies for coping with the stumbling blocks that traders often face. This book should be a cornerstone of any serious trader's library." --Michael Seneadzaequities trader and blogger at TraderMike.net
Table of Contents
| Preface | |
| Acknowledgments | |
| Introduction | |
| Change: The Process and the Practice | |
| Draw on Emotion to Become a Change Agent | |
| Psychological Visibility and Your Relationship with Your Trading Coach | |
| Make Friends with Your Weakness | |
| Change Your Environment, Change Yourself | |
| Transform Emotion by Trace-Formation | |
| Find the Right Mirrors | |
| Change Our Focus | |
| Create Scripts for Life Change | |
| How to Build Your Self-Confidence | |
| Five Best Practices for Effecting and Sustaining Change | |
| Resources | |
| Stress and Distress: Creative Coping for Traders | |
| Understanding Stress | |
| Antidotes for Toxic Trading Assumptions | |
| What Causes the Distress That Interferes with Trading Decisions? | |
| Keep a Psychological Journal | |
| Pressing: When You Try Too Hard to Make Money | |
| When You're Ready to Hang It Up | |
| What to Do When Fear Takes Over | |
| Performance Anxiety: The Most Common Trading Problem | |
| Square Pegs and Round Holes | |
| Volatility of Markets and Volatility of Mood | |
| Resources | |
| Psychological Well-Being: Enhancing Trading Experience | |
| Lesson 21 | |
| Lesson 22 | |
| Lesson 23 | |
| Lesson 24 | |
| Lesson 25 | |
| Lesson 26 | |
| Lesson 27 | |
| Lesson 28 | |
| Lesson 29 | |
| Lesson 30 | |
| Resources | |
| Steps toward Self-Improvement: The Coaching Process | |
| Self-Monitor by Keeping a Trading Journal | |
| Recognize Your Patterns | |
| Establish Costs and Benefits to Patterns | |
| Set Effective Goals | |
| Build on Your Best: Maintain a Solution Focus | |
| Disrupt Old Problem Patterns | |
| Build Your Consistency by Becoming Rule-Governed | |
| Relapse and Repetition | |
| Create a Safe Environment for Change | |
| Use Imagery to Advance the Change Process | |
| Resources | |
| Breaking Old Patterns: Psychodynamic Frameworks for Self-Coaching | |
| Psychodynamics: Escape the Gravity of Past Relationships | |
| Crystallize Our Repetitive Patterns | |
| Challenge Our Defenses | |
| Once Again, with Feeling: Get Distance from Your Problem Patterns | |
| Make the Most Out of Your Coaching Relationship | |
| Find Positive Trading Relationships | |
| Tolerate Discomfort | |
| Master Transference | |
| The Power of Discrepancy | |
| Working Through | |
| Resources | |
| Remapping the Mind: Cognitive Approaches to Self-Coaching | |
| Schemas of the Mind | |
| Use Feeling to Understand Your Thinking | |
| Learn from Your Worst Trades | |
| Use a Journal to Restructure Our Thinking | |
| Disrupt Negative Thought Patterns | |
| Reframe Negative Thought Patterns | |
| Use Intensive Guided Imagery to Change Thought Patterns | |
| Challenge Negative Thought Patterns with the Cognitive Journal | |
| Conduct Cognitive Experiments to Create Change | |
| Build Positive Thinking | |
| Resources | |
| Learning New Action Patterns: Behavioral Approaches to Self-Coaching | |
| Understand Your Contingencies | |
| Identify Subtle Contingencies | |
| Harness the Power of Social Learning | |
| Shape Your Trading Behaviors | |
| The Conditioning of Markets | |
| The Power of Incompatibility | |
| Build on Positive Associations | |
| Exposure: A Powerful and Flexible Behavioral Method | |
| Extend Exposure Work to Build Skills | |
| A Behavioral Framework for Dealing with Worry | |
| Resources | |
| Coaching Your Trading Business | |
| The Importance of Startup Capital | |
| Plan Your Trading Business | |
| Diversify Your Trading Business | |
| Track Your Trading Results | |
| Advanced Scorekeeping for Your Trading Business | |
| Track the Correlations of Your Returns | |
| Calibrate Your Risk and Reward | |
| The Importance of Execution in Trading | |
| Think in Themes-Generating Good Trading Ideas | |
| Manage the Trade | |
| Resources | |
| Lessons from Trading Professionals: Resources and Perspectives on Self-Coaching | |
| Leverage Core Competencies and Cultivate Creativity | |
| I Alone Am Responsible | |
| Cultivate Self-Awareness | |
| Mentor Yourself for Success | |
| Keep Detailed Records | |
| Learn to Be Fallible | |
| The Power of Research | |
| Attitudes and Goals, the Building Blocks of Success | |
| A View from the Trading Firms | |
| Use Data to Improve Trading Performance | |
| Resources | |
| Looking for the Edge: Finding Historical Patterns in Markets | |
| Use Historical Patterns in Trading | |
| Frame Good Hypotheses with the Right Data | |
| Excel Basics | |
| Visualize Your Data | |
| Create Your Independent and Dependent Variables | |
| Conduct Your Historical Investigations | |
| Code the Data | |
| Examine Context | |
| Filter Data | |
| Make Use of Your Findings | |
| Resources | |
| Conclusion | |
| Lesson 101: Find Your Path | |
| For More on Self-Coaching | |
| About the Author | |
| Index | |
| Table of Contents provided by Publisher. All Rights Reserved. |
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