Resources: Trader Psychology

This page provides a collection of links to resources related to the mental aspects of trading.

Articles

Dead But Dreaming - Traders have some very deep down drivers of their actions, but they can be controlled.

Why Can’t Johnny and Jane Make Money in the Markets? - A discussion of some of the reasons traders fail and what can be done to avoid them.

Discipline in Trading and Investing - The one thing that most affects success in trading and investing has to be self-discipline.

The Essentials of Winning Psychology - This article identifies the elements of winning psychology and required attributes, show the needed belief structure, and identify blocks to winning psychology.

Books

The Psychology of Trading: Tools and Techniques for Minding the Markets
By Brett Steenbarger

An extremely highly rated book on trader psychology.

The Way of the Warrior Trader
By Richard McCall

A great somewhat alternative look at trader psychology.

The Disciplined Trader: Developing Winning Attitudes
By Mark Douglas

One of the most well regarded books on the mental part of trading.

Other

Trade2Win - The Psychology discussion forum.

www.brettsteenbarger.com/articles.htm - Brett Steenbarger is a psychologist and trader. He has written books (see above) and loads of articles on the mental part of trading. Brett also has a blog.

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