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Trading Psychology 2.0

Trading Psychology 2.0

 This book is a comprehensive guide to applying the science of psychology to the art of trading.

Practical trading psychology insight that can be put to work today

  • The successful traders invariably are workhorses, not show horses. They get their hands dirty rooting through data and make active use of well-cultivated information networks. They realize that higher-quality inputs will yield superior outputs.
  • The root cause of the frustration, however is logical not psychological. It is the natural consequence of failing to adapt to a changing world
  • Great Trader are not married to the long or the short side. They follow the market’s cue- and that particular open-mindedness.
  • If you bet moderately with a constant edge, more bets all the edge to overcome randomness.
  • A review of best trades reminds discouraged traders that they are not wholly dysfunctional. Talents, skills and experience remain – they just need to be redeployed.
  • Belief in oneself is necessary for success, flexibility in self-belief is necessary for ongoing success.
  • What you will not do out of discipline, you will do out of inspiration
  • If we always identify wat we do right during good trades and what we could improve during bad ones, it becomes process-driven.
  • The emotionally intelligent trader views losses as teachers, not merely as threats
  • One of the habbit patterns most important to cultivate as a trader is the ability to lose in a way that gives you energy, rather than robs you of imitative
  • I certainly enjoy being profitable but wat is particularly satisfying is generating a fresh idea that bring brings profitability
  • The ideal trader, according to the old trading psychology is a disciplined rule follower. The ideal trader V.2.0 is a creative entrepreneur, uncovering and exploiting fresh patterns and rules
  • By employing a variety of modalities, the trader turns a plan from bloodless written document to a living guide to action. Such a trader is likely to respond far more flexible and creatively to an event than the unidimensional trader
  • Perfectionism is a great formula for frustration and discouragement. As a Performance professional, you want to focus on one goal, getting better.
  • Divide trading into seven basic activities
    • Research
    • Idea Generation
    • Trade Structuring
    • Position/ Risk Management
    • Portfolio/Risk Management
    • Self-Management
    • Performance Management
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