Summary
Even the best trading system can prove disastrous if the trader doesn't have the ability to stick to their strategy. Featuring real-life case studies, The Psychology of Trading presents a step-by-step, goal-oriented approach to trading that emphasizes ways to keep emotions in check, overcome self-doubt, and focus clearly on a winning strategy.
Author Biography
ARI KIEV, M.D., is a trading coach and management consultant to several trading firms in New York. He is the author of numerous books, including the highly acclaimed Transcultural Psychiatry: A Strategy for Daily Living and The Courage to Live. For the past five years he has collaborated with Steve Cohen in developing the trading program described in this book. STEVE COHEN is a leading equities trader who heads SAC Capital Management, LLC. Mr. Cohen has consistently been ranked in the top 20 traders by such leading publications as the Financial Times.
Table of Contents
Introduction |
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1 | (10) |
PART ONE Psyching Yourself for a Winning Career |
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11 | (82) |
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Chapter 1 Becoming a Master Trader |
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11 | (18) |
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Chapter 2 What the Best Traders Look Like |
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29 | (16) |
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Chapter 3 Centered Trading |
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45 | (12) |
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Chapter 4 Visual Imagery--Rehearsing Your Moves |
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57 | (14) |
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Chapter 5 Concentration--The Key to Preparation and Recovery |
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71 | (22) |
PART TWO Putting Psychology into Practice |
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93 | (94) |
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Chapter 6 100 Percent Commitment--Promising the Result and Expanding the Risk |
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93 | (24) |
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Chapter 7 Basic Trading Principles |
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117 | (22) |
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Chapter 8 Managing Risk and Other Advanced Trading Principles |
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139 | (26) |
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165 | (22) |
PART THREE Mastering the Trading Game |
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187 | (10) |
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Chapter 10 Dealing with Stress |
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187 | (10) |
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Chapter 11 Overcoming Common Mistakes |
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197 | (26) |
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Chapter 12 The Power to Change |
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223 | (26) |
Index |
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249 | |