Trading Books

[armybender]

I read this book over the weekend and it was absolutely amazing. He makes a crystal clear case for the "right" way to think about your job as a trader. He doesn't get into technical analysis AT ALL, so the approach can be used for swing trading AND scalping.

I would highly recommend that everyone reads this book. The discussion is around why 90%+ of all traders lose money even though on average they win on over 60% of their trades. Super helpful analysis and all based on how you think about your job as a trader.

Best Loser Wins: Why Normal Thinking Never Wins the Trading Game – written by a high-stake day trader
https://www.amazon.com/Best-Loser-Wins-Thinking-high-stake/dp/085719822X

 

[netarchitech]

Summary: 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.

Link: https://www.amazon.com/dp/1734030917?ref_=ppx_hzsearch_conn_dt_b_fed_asin_title_1

Audible Link: https://www.amazon.com/Mental-Game-Trading-Confidence-Discipline/dp/B09351KLR4/ref=tmm_aud_swatch_0

Hope this helps...

Good Luck and Good Trading

 

[netarchitech]

@armybender:

Funny that you recommend "Best Loser Wins..." because that's the other book I bought recently when I purchased "The Mental Game of Trading"...

Good Luck and Good Trading