It takes a totally different approach to the psychology of making money, one that I haven't see in any other book. So if you're tired of the same old advice from other books, I would highly suggest picking this up.
The exercises in this book can help you overcome your blocks to wealth.
Don't let the cheesy cover fool you, this book is powerful.
The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist
By Brett N. Steenbarger
“There are 101 lessons in The Daily Trading Coach, each averaging several minutes in length. Each lesson follows the same general format: identifying an everyday challenge that traders face, an approach to meeting that challenge, and a specific suggestion for implementing that approach.”
This book takes a very practical and targeted approach to improving trading performance. With 101 lessons, you are sure to find at least a few lessons that will help you become a more profitable trader.
This is another book that isn't mentioned much, but it has helped me tremendously.
Anderson was a professional poker player, funeral home employee and dating service operator. What does that have to do with trading?
His experience in these fields exposed him to the extremes of human emotion.
When we are emotional, our true nature comes out and in these situations, Anderson noticed that there were a handful of basic personalty types. He used this knowledge to profit at the poker table.
Knowing your personality type can help you understand your strengths and weaknesses as a trader…and profit in the markets.
If you want to become a consistently profitable trader, the principles in this book will help you master your craft.
Here's the publisher's description of the book:
“Each one of us has within us the potential to be a Master. Learn the secrets of the field you have chosen, submit to a rigorous apprenticeship, absorb the hidden knowledge possessed by those with years of experience, surge past competitors to surpass them in brilliance, and explode established patterns from within. Study the behaviors of Albert Einstein, Charles Darwin, Leonardo da Vinci and the nine contemporary Masters interviewed for this book.”
The Rise of Superman: Decoding the Science of Ultimate Human Performance
By Steven Kotler
This book chronicles the careers of adventure sports athletes and how they are able to get into a state of extreme “flow.”
These athletes achieve death-defying feats in a relatively short period of time, and many times they are the first person to ever accomplish that goal.
How do they get into the “zone” so quickly and pull off dangerous maneuvers with no previous experience and no one to teach them?
That's what this book investigates.
It distills the findings into actionable tasks that you and I can apply to trading, to push our performance to the next level.
Joe Dispenza's work has had a huge positive impact on my life.
He is one of the best in the world at breaking down previously “mystical” phenomena and explaining it with scientific evidence.
This book shows you how you can harness the power within you to change your negative thoughts, behaviors and just about anything else in your life. I highly recommend also buying his guided meditations.
It follows the adventures of Santiago, a shepherd boy who goes in search of worldly treasure. His quest leads him to riches that are much different and more valuable than he ever imagined.
Trading isn't only about making a ton of money. It can help you make your entire life more rewarding.
Alright, since you made it this far, I have a little something extra for you.
If you've already read the books on the list above, and you still aren't reaching your goals, then this next list might help.
It gives you Advanced Trading Psychology Books that I've never seen other traders talk about. I have personal experience with these methods and they are nothing short of amazing.
…and the changes can sometimes be immediate.
These strategies are not just for trading. They are for almost any psychological issue you are facing right now.
I have to warn you though, they are out of the ordinary.
But you have to ask yourself…
If you keep doing what you are getting, you will get the same results.
Maybe it's time to shake things up a little?
Successful trading is all about going against the crowd anyway 🙂
Market Mind Games: A Radical Psychology of Investing, Trading and Risk
Trade With Passion and Purpose
Extraordinary Popular Delusions and the Madness of Crowds
How to Stop Worrying and Start Living
