Enhancing Trader Performance: Proven Strategies from the Cutting Edge of Trading Psychology by Brett Steenbarger is an enlightening book. I consider it the best book on trading psychology to date. The reason is because it dispels so many trading myths and replaces them with trading concepts and strategies you can sink your teeth into. I talk about some of the book’s concepts in my post “Why Do Traders Lose?”
The trading platitude that traders need to suppress all emotion during and around their trading is skillfully demolished in the subchapter “A Tale of Two Traders.” From adroitly explaining how trading is a performance discipline to knowledgeably discussing how traders can find their own performance niche, Dr. Steenbargers’s writing compels your attention with its surprising and satisfying twists and turns.
Enhancing Trader Performance: Proven Strategies from the Cutting Edge of Trading Psychology is a gem. Buy it. Read it. Reread it.
Hi Terry – beautiful site you have here! I'll have to check out Steenbarger's material. I also really enjoyed “Trading in the Zone” by Mark Douglas very much.
Unfortunately, too few traders put forth enough effort and study on the mental aspect of trading, and instead favoring technical analysis almost exclusively. Douglas does an excellent job explaining the pitfalls of this practice.
Hello Chris,
Thank you for you for your kind words about my site. Your words of truth that “too few traders put forth enough effort and study on the mental aspect of trading” should give traders food for thought. The mental/emotional part of trading in and of itself can make the difference between a winning and losing trade. You may want to check out Brett Steenbarger’s latest book, The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist. Thank you for taking the time to comment.