Suggestions for Trading Psych Book?

[marytee 10]

I noted that Brett Steenbarger's blog was included above.

 

In addition, this page on his web site contains a wealth of articles about the psychological side of trading:

[cbaer 10]

I found that van tharps home study course helped a lot .I did the evaluation and have been through the course several times which has helped me develop my plan and acknowledge my weaknesses and slowly work on them.

Ben

 

Where can one find the Home Study Course of Van Tharp?

[SonicTrader 10]

Robert Kiyosaki - Rich Dad, Poor Dad! This book is not about Forex, but it is about money and how you can manage them. Very good!

[sr100m 10]

I too have read many of the above. For me, Mark Douglas and Brett Steenbarger did not do much. Van Tharp persuaded me to take the psych thing seriously but again did not help much beyond that. Many swear by these writers. I found them interesting but not much more.

 

For me, ari kiew, like a previous poster, was a gamechanger. He came from a background of psychiatry dealing with suicide (I think), then did a lot of work with Olympic athletes and then applied what he knew to SAC hedge fund traders. The first time I read his stuff it did not do much. When I cam back to it at a later date i could not get enough of it. Summary - set a goal, identify what needs to be done to achieve it, do it and then control the anxiety, euphoria, fear etc that will inevitably arise.

 

I think different stuff works at different stages of your progress. Read it all, keep it on your shelf and keep going back to it.

 

And if you are one of those who wonders why all us neurotic whackjobs need the psych work - lucky you.

[MightyMouse 12]

I too have read many of the above. For me, Mark Douglas and Brett Steenbarger did not do much. Van Tharp persuaded me to take the psych thing seriously but again did not help much beyond that. Many swear by these writers. I found them interesting but not much more.

 

For me, ari kiew, like a previous poster, was a gamechanger. He came from a background of psychiatry dealing with suicide (I think), then did a lot of work with Olympic athletes and then applied what he knew to SAC hedge fund traders. The first time I read his stuff it did not do much. When I cam back to it at a later date i could not get enough of it. Summary - set a goal, identify what needs to be done to achieve it, do it and then control the anxiety, euphoria, fear etc that will inevitably arise.

 

I think different stuff works at different stages of your progress. Read it all, keep it on your shelf and keep going back to it.

 

And if you are one of those who wonders why all us neurotic whackjobs need the psych work - lucky you.

 

 

 

You have to wonder why SAC needed someone like ari kiev since they are alleged to have been trading with tomorrow's newspaper. Perhaps it was all part of some elaborate scam.

[Head2k 10]

John Magee: Winning the Mental Game on Wall Street: The Psychology and Philosophy of Successful Investing

[johnlucas 10]

Apart from the very good books and advices given, I would like to share on fundamental truth, in my opinion, that makes all the difference: choose a trading approach that suits your psychological profile and risk tolerance.

 

Good luck!

John.