Trading Psychology For Dummies

Keep your head in the game! Make smarter, confident trades in global markets Trading is 80% psychology and 20% methodology. Trading Psychology For Dummies helps you develop the mindset you need to respond correctly in any market condition. Make more money on your trades as you develop mental strength, act confidently, and avoid the typical mistakes traders make when they don’t understand their own minds. This book is for traders with any portfolio size and any risk tolerance. With the clear and easy approach that has made Dummies investing books so wildly popular, you can take your trading skills to the next level. When you stop underestimating how much your psychology governs your returns, you’ll discover ways to tweak your own thought process for better trading results. Learn how human psychology influences decision making in financial markets and other areas of life Discover advice and techniques that you can try right away to make more rational trades Examine how institutional investors account for market psychology when they predict price movements Earn better returns with the perspective of veteran traders who apply psychology-based techniques daily Trading Psychology For Dummies gives an edge to novice and experienced traders alike. Gain confidence and maintain a flexible and open mind when trading.

Introduction 1 Part 1: The Sovereign Trader 9 Chapter 1: Brain-Compatible Trading 11 Chapter 2: Developing Mental Strength 19 Part 2: Making a Successful Trade 35 Chapter 3: Developing Your Personal Trading System 37 Chapter 4: Implementing Your Trading Plans 63 Part 3: Emotional Sovereignty 83 Chapter 5: Seeing Trading as Personality Development 85 Chapter 6: Practicing Mental Self-Coaching 107 Chapter 7: The Psychology of Coping with Losses 121 Chapter 8: Adopting Techniques for Coping with Stress and Anxiety 139 Part 4: Making Decisions Safely 151 Chapter 9: Untangling Decision-Making’s Hidden Path 153 Chapter 10: Using Evolutionary Rules of Thumb 165 Chapter 11: Finding the Right Basis for Decision-Making in Trading 171 Part 5: Keeping Bad Behavior in Check 185 Chapter 12: Avoiding the Obvious Mistakes 187 Chapter 13: Dealing with the Stock Exchange’s Collective Misbehavior 199 Chapter 14: Getting a Better Grip on Your Trading Ego 215 Chapter 15: Fear: Your Constant Trading Companion 225 Part 6: The Parts of Ten 243 Chapter 16: Ten Psychological Traps to Avoid When Trading 245 Chapter 17: Ten Success Secrets of Mentally Superior Traders 251 Chapter 18: Ten Guiding Principles for the Perfect Trading Day 257 Index 267