Best Trading Psychology Books

So I woke up last week with a fresh perspective and realized that a lot of the work I needed to do to be better was with trading psychology...So far, I've been through the following books and I'm already doing better, but I still feel like I could use more information:


Awaken the Giant Within : How to Take Immediate Control of Your Mental, Emotional, Physical and Financial Destiny! by Anthony Robbins

The Right Side Of The Trade: Mind Mastery For Traders by Michael Ferree



Any other suggestions for great books on trading psychology?

Trading for a living,
by Alexander Elder

Trading is a Business By Joe Ross

Trading in the zone - Mark Douglas

Not trading psychology related but worth the read
Fooled by randomness
The Black Swan, both by Nassim Taleb

Fooled by Randomness definitely was good.

I'll definitely check that out one Ivan, thanks for the recommend!

Brett Steenbarger has written a few excellent books on trading psych....they are available at Amazon.com. All traders would be well advised to read them.

Trade Your Way to Financial Freedom by Van K Tharp

I also agree with the previous posters about Elder, Steenbarger, and Douglas.

All essential reading for any serious trader.

What Kihl said is correct. This book is not strictly about trading. I would say that it is a fresh perspective on how the mind works that most people probably don't realize. This is a very good book. After you read it you will have a much better understanding of how and why you believe some of the things that you believe in , some of them dating back to childhood. Once you have that understanding, then you can begin to take control of how and what you think and that is a powerful tool when you are trading.

Ari Kiev, Ari Kiev, Ari Kiev, Ari Kiev, Ari Kiev, Ari Kiev, Ari Kiev

you dont need anything else

Psychology is so overhyped in trading. One's psychology is bad because they have non confidence in their trades. One doesn't have confidence in their trades because they don't have valid reasons for the success of their trades over the longterm.

I think not enough time to study all psychology books.
Waste of time. Better make friendship with market.

Some people have emotional baggages, they need to come to terms with them to develop unbiased views. So it is not all BS. It is the very obstacle that is stopping them from becoming a good trader.

I don't think she has a book yet but Denise Shull is good. Probably better than Mark Douglas - which is I thought was ok.

There are a couple of free webinars on

http://www.traderkingdom.com/experts/90-denise-shull

Blah, I'll be really honest about the psychology of trading. Don't work yourself into a state that you need these kind of books.

I've read:
Trading in the Zone
The Psychology of Trading

And frankly, all I needed to do was grow up

Reading these books does nothing but make me think of ways my mind can compromise me and in so doing actually compromise myself.

So here's my advice:

1) Create a method / system
2) Practice it and make sure you can follow it
3) Once you're ready to go live, you'll know that you have already done it in the past and if you stick with your method, there should be no difference

And boom, there goes your psychology problems.

I agree with an above post - don't have so much emotional baggage, just trade a plan that you make and you own up to.

Awesome

Remember seeing this. Funnier if you know who Mark "Chopper" Reid is.

His used to be one of the houses on my paper run infact. Long time ago.

But in keeping with the thread theme... So true!

I think the stress due to trading is too much. Trading is only possible if you stop with doing anything else in academic level. I have heard that traders at companies only trade for couple of years. and than change to an other job. maybe the trick is than to trade for couple of months in a year, and the rest of the year live somewhere where there is no internet, no news

Trading in the Zone, as mentioned by one of the previous posters, is definitely one of the best!

Ruth Barrons Roosevelt has some decent books on trading psychology.

sorry for posting here, but i'm newbie here and can't start my own thread.

guys, do you know some good books for the very beginner?


thanks