Recent Readings in Market Psychology and Trading Psychology

Here are recent posts to help you guide your trading success:

* How to Overcome Procrastination

* Handling Mood Swings During Trading

* How to Lose Money the Right Way

* Two Principles of Trade Execution

* Biofeedback for Traders

* The Four Facets of Well-Being

* Identifying Market Transitions

* Identifying Range Bound Markets

* Here are the 40 Stocks in My Basket

* Six Questions to Ask at the End of the Trading Day

* What to Look for in a Breakout Trade

* A Most Common Trading Mistake

* Pitfalls of Developing Traders

* Dr. Brett's Latest Videos

* Transitioning From Range Trade to Trend Trade

* Why Adequate Capitalization is Key to Trading Success
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Excerpts From My Trading Books

A common question I get is, "Which of your books should I buy?" Below is some information that may prove helpful to traders shopping around:

** Here is a chapter from my most recent book, The Daily Trading Coach. It is a self-help book for traders, formatted as 101 short, practical lessons.

** Here is a chapter from my second book, Enhancing Trader Performance. It is the only book that I know that focuses on the trader's learning curve and ways of accelerating it toward expertise.

** Here is a chapter from my first book, The Psychology of Trading. It is a comprehensive presentation of how psychological factors impact traders and why.

See also the archived posts on this blog (Become Your Own Trading Coach). There are many good resources here.

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Trading Patterns That Set Up During The Day

The more you see patterns set up in markets, the more prepared you will be to act upon them. Here are some recent posts featuring trading patterns:

Reversal Trade From 5/15/09

Sentiment Turning Bullish From 5/14/09

Using TICK to Gauge Sentiment From 5/8/09

Downside Breakout Move From 5/7/09

Reversal Move From 5/6/09

Shift in Sentiment From 5/5/09

Recognizing Upside Trend Day From 5/4/09

Breakaway Move From 5/4/09

Range Trade From 4/30/09

Maintaining Strength on Bad News From 4/29/09

False Upside Breakout From 4/29/09

Upside Breakout Trade From 4/28/09

Upside Trending Move From 4/24/09

False Breakout Move and Reversal From 4/22/09

Transitional Pattern From 4/22/09

Downside Trending Move From 4/20/09

Identifying Range Markets From 4/15/09

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Understanding Yourself as a Trader

Here is a collection of recent posts that pertain to trading psychology and the relationship between psychology and trading performance:

A Coaching Linkfest for Traders

The Importance of Trading Goals

Finding the Heroic Within Ourselves

Sustaining Your Market Focus

The Importance of Our Self-Talk

Managing Trading's Psychological Risks

Coaching in Real Time

Secondary Anxiety and Trading

Regaining Self-Control

How the Body Controls the Mind

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Collected Readings in Trading Psychology

Some of my earliest market writings have been compiled into a PDF (274 pages worth!). I think you'll find some good reading here, with many of the themes anticipating those in my books. Enjoy!

COLLECTED READINGS IN TRADING PSYCHOLOGY

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The Daily Trading Coach Kindle Edition

I just got word that the Kindle edition of The Daily Trading Coach is now available on the Amazon site. Thanks to a kind gift from my favorite Chicago trading firm, I've been playing with my new Kindle and find it easy to use and easy to read. While the electronic version of the book is more expensive than the print version, it does have some functionalities that the hardcover text lacks. For example, you can index and highlight the electronic text and even use Kindle's very basic browser to look up links from the book. An interesting Kindle function that I haven't yet played with creates an electronic voice (male or female) to read the book to you. Not quite as good as a true audiobook, but perhaps a useful feature for situations in which reading would be difficult.

Where I see Kindle's greatest potential is as a device that can pick up all sorts of periodical content, blog subscriptions, podcasts, music downloads, and the like on the fly, centralizing a traveler's reading and entertainment in a convenient manner. Indeed, you can create your own newspaper on Kindle populated by your favorite RSS feeds.

For those looking for an e-book in a non-proprietary form, the Wiley site will soon carry The Daily Trading Coach as a PDF. That will make the book easily accessible around the world as a quick download. I will put the word out when the PDF version becomes available. Once again, thanks for the interest!

Brett
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Trading Techniques Linkfest

Recent TraderFeed posts have focused on short-term trading techniques. Here are some links that can get you caught up:

Using VWAP to Determine Day Structure

Identifying Upside Trend Days

Recognizing Range Days

Identifying Breakout Moves

Framing Short-Term Trades With Price Levels

Recognizing Selling Pressure in the Market

Recognizing Buying Pressure in the Market

Observing Buying/Selling Pressure at Key Price Levels

Using the A-D Line to Identify Trending and Range Markets

A New Way of Calculating the Advance-Decline Indicator

Tracking Large Traders

Non-Confirmations and Catching Market Turns

Catching False Breakout Moves

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