The Mental Game of Trading: A System for Solving Problems with Greed, Fear, Anger, Confidence, and Discipline

Description

A step-by-step system for mastering trading psychology.Think about your most costly and recurring trading mistakes. Chances are that they’re related to common errors, such as chasing price, cutting winners short, forcing mediocre trades, and overtrading. You’ve likely tried to fix these errors by improving your technical skills, and yet they persist. That’s because the real source of these mistakes is not technical—they actually stem from greed, fear, anger, or problems with confidence and discipline.If you are like most traders, you probably overlook or misunderstand mental and emotional obstacles. Or worse, you might think you know how to manage them, but you don’t, and end up losing control at the worst possible time. You’re leaving too much money on the table, which will either prevent you from being profitable or realizing your potential.While many trading psychology books offer sound advice, they don’t show you how to do the necessary work. That’s why you haven’t solved the problems hurting your performance. With straight talk and practical solutions, Jared Tendler brings a new voice to trading psychology. In The Mental Game of Trading, he busts myths about emotions, greed, and discipline, and shows you how to look past the obvious to identify the real reasons you’re struggling.This book is different from anything else on the market. You’ll get a step-by-step system for discovering the cause of your problems and eliminating them once and for all. And through real stories of traders from around the world who have successfully used Tendler’s system, you’ll learn how to tackle your problems, improve your day-to-day performance, and increase your profits.Whether you’re an independent or institutional trader, and regardless of whether you trade equities, forex, or cryptocurrencies, you can use this system to improve your decision-making and execution. Finally, you have a way to reach your potential as a trader. Now’s the time to make it happen. Half Title Title Page Copyright Contents Chapter 1: A System To Fix Mental Game Problems Emotions Aren’t Evil—They’re Signals to Use and Learn From Why You Need a System Chapter 2: Map Your Pattern Understanding Emotions as Signals Creating the Map Chapter 3: Find The Root Of Your Problem Common Learning Pitfalls The Inchworm Concept Uncovering What’s Causing Your Backend Problems Chapter 4: Greed The Nature of Greed Common Signs of Greed Mapping Your Greed The Real Cause of Greed Chapter 5: Fear The Nature of Fear Common Signs of Fear Mapping Your Fear Fear of Missing Out (FOMO) Fear of Losing Fear of Mistakes Fear of Failure Chapter 6: Tilt The Nature of Tilt Common Signs of Tilt Mapping Your Tilt Hating to Lose Mistake Tilt Injustice Tilt Revenge Trading Entitlement Tilt Chapter 7: Confidence The Nature of Confidence Common Signs of Overconfidence Common Signs of Lack of Confidence Stable Confidence Mapping Your Confidence Correcting Cognitive Illusions and Biases Perfectionism Desperation Hope and Wishing Chapter 8: Discipline The Nature of Discipline Common Signs of Discipline Problems General Strategies to Improve Discipline Mapping Where Discipline Is Needed Impatience Boredom Being Overly Results-Oriented Distractibility Laziness Procrastination Chapter 9: Correct Your Problem Malfunctioning Mind Real-time Strategy Build a Productive Routine Chapter 10: Troubleshooting A Lack Of Progress Difficulty Recognizing Your Pattern Things Get Worse Before They Get Better Burnout Bloated Brain When Life Bleeds into Trading Final Thoughts Endnotes Acknowledgments About the Author