The Daily Trading Coach 101 Lessons for Becoming Your Own Trading Psychologist
by Steenbarger, Brett N.Edition: 1st
Format: Hardcover
Pub. Date: 2009-03-23
Publisher(s): Wiley
Other versions by this Author
List Price: $45.00
Buy New
Usually Ships in 2-3 Business Days
$44.55
Rent Book
Select for Price
Used Book
We're Sorry
Sold Out
eBook
We're Sorry
Not Available
How Marketplace Works:
- This item is offered by an independent seller and not shipped from our warehouse
- Item details like edition and cover design may differ from our description; see seller's comments before ordering.
- Sellers much confirm and ship within two business days; otherwise, the order will be cancelled and refunded.
- Marketplace purchases cannot be returned to eCampus.com. Contact the seller directly for inquiries; if no response within two days, contact customer service.
- Additional shipping costs apply to Marketplace purchases. Review shipping costs at checkout.
Summary
Written in a practical and engaging style, The Daily Trading Coach highlights specific actions that readers can take to meaningfully improve their trading performance. The book consists of 101 lessons designed as coaching interventions, featuring techniques and homework assignments that traders can put to work immediately. The Daily Trading Coach is not only a guide to self-mentoring; it's also a motivational resource that will allow traders to start each day with concrete goals and a positive perspective. Designed as a multimedia resource that stresses the skills and techniques for self-coaching, this book will help readers help themselves throughout their trading careers.Brett N. Steenbarger, PhD (Naperville, IL), is Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, New York. An active trader and author of the popular TraderFeed blog, Steenbarger coaches traders in hedge funds, proprietary trading groups, and investment bank settings. He is also the author of the Wiley titles Enhancing Trader Performance (978-0-470-03866-6) and The Psychology of Trading (978-0-471-26761-4).
Author Biography
Brett N. Steenbarger, PhD, is Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, New York. An active trader and author of the popular TraderFeed blog, Steenbarger coaches traders in hedge funds, proprietary trading groups, and investment bank settings. He is also the author of the Wiley titles Enhancing Trader Performance and The Psychology of Trading. Steenbarger received a BS from Duke University and a PhD in clinical psychology from the University of Kansas.
Table of Contents
| Preface | p. xiii |
| Acknowledgments | p. xvii |
| Introduction | p. 1 |
| Change: The Process and the Practice | p. 3 |
| Draw on Emotion to Become a Change Agent | p. 4 |
| Psychological Visibility and Your Relationship with Your Trading Coach | p. 7 |
| Make Friends with Your Weakness | p. 9 |
| Change Your Environment, Change Yourself | p. 11 |
| Transform Emotion by Trace-Formation | p. 14 |
| Find the Right Mirrors | p. 17 |
| Change Our Focus | p. 20 |
| Create Scripts for Life Change | p. 23 |
| How to Build Your Self-Confidence | p. 25 |
| Five Best Practices for Effecting and Sustaining Change | p. 29 |
| Resources | p. 32 |
| Stress and Distress: Creative Coping for Traders | p. 33 |
| Understanding Stress | p. 33 |
| Antidotes for Toxic Trading Assumptions | p. 37 |
| What Causes the Distress That Interferes with Trading Decisions? | p. 40 |
| Keep a Psychological Journal | p. 43 |
| Pressing: When You Try Too Hard to Make Money | p. 45 |
| When You're Ready to Hang It Up | p. 48 |
| What to Do When Fear Takes Over | p. 51 |
| Performance Anxiety: The Most Common Trading Problem | p. 54 |
| Square Pegs and Round Holes | p. 58 |
| Volatility of Markets and Volatility of Mood | p. 61 |
| Resources | p. 64 |
| Psychological Well-Being: Enhancing Trading Experience | p. 67 |
| The Importance of Feeling Good | p. 67 |
| Build Your Happiness | p. 71 |
| Get into the Zone | p. 73 |
| Trade with Energy | p. 77 |
| Intention and Greatness: Exercise the Brain through Play | p. 79 |
| Cultivate the Quiet Mind | p. 83 |
| Build Emotional Resilience | p. 86 |
| Integrity and Doing the Right Thing | p. 89 |
| Maximize Confidence and Stay with Your Trades | p. 91 |
| Coping-Turn Stress into Well-Being | p. 95 |
| Resources | p. 97 |
| Steps toward Self-Improvement: The Coaching Process | p. 99 |
| Self-Monitor by Keeping a Trading Journal | p. 99 |
| Recognize Your Patterns | p. 103 |
| Establish Costs and Benefits to Patterns | p. 106 |
| Set Effective Goals | p. 109 |
| Build on Your Best: Maintain a Solution Focus | p. 111 |
| Disrupt Old Problem Patterns | p. 114 |
| Build Your Consistency by Becoming Rule-Governed | p. 118 |
| Relapse and Repetition | p. 121 |
| Create a Safe Environment for Change | p. 123 |
| Use Imagery to Advance the Change Process | p. 126 |
| Resources | p. 130 |
| Breaking Old Patterns: Psychodynamic Frameworks for Self-Coaching | p. 131 |
| Psychodynamics: Escape the Gravity of Past Relationships | p. 132 |
| Crystallize Our Repetitive Patterns | p. 135 |
| Challenge Our Defenses | p. 138 |
| Once Again, with Feeling: Get Distance from Your Problem Patterns | p. 141 |
| Make the Most Out of Your Coaching Relationship | p. 141 |
| Find Positive Trading Relationships | p. 147 |
| Tolerate Discomfort | p. 150 |
| Master Transference | p. 153 |
| The Power of Discrepancy | p. 156 |
| Working Through | p. 158 |
| Resources | p. 161 |
| Remapping the Mind: Cognitive Approaches to Self-Coaching | p. 163 |
| Schemas of the Mind | p. 164 |
| Use Feeling to Understand Your Thinking | p. 167 |
| Learn from Your Worst Trades | p. 170 |
| Use a Journal to Restructure Our Thinking | p. 172 |
| Disrupt Negative Thought Patterns | p. 176 |
| Reframe Negative Thought Patterns | p. 179 |
| Use Intensive Guided Imagery to Change Thought Patterns | p. 182 |
| Challenge Negative Thought Patterns with the Cognitive Journal | p. 185 |
| Conduct Cognitive Experiments to Create Change | p. 188 |
| Build Positive Thinking | p. 190 |
| Resources | p. 193 |
| Learning New Action Patterns: Behavioral Approaches to Self-Coaching | p. 195 |
| Understand Your Contingencies | p. 196 |
| Identify Subtle Contingencies | p. 199 |
| Harness the Power of Social Learning | p. 201 |
| Shape Your Trading Behaviors | p. 204 |
| The Conditioning of Markets | p. 207 |
| The Power of Incompatibility | p. 211 |
| Build on Positive Associations | p. 214 |
| Exposure: A Powerful and Flexible Behavioral Method | p. 217 |
| Extend Exposure Work to Build Skills | p. 220 |
| A Behavioral Framework for Dealing with Worry | p. 223 |
| Resources | p. 226 |
| Coaching Your Trading Business | p. 227 |
| The Importance of Startup Capital | p. 227 |
| Plan Your Trading Business | p. 231 |
| Diversify Your Trading Business | p. 233 |
| Track Your Trading Results | p. 236 |
| Advanced Scorekeeping for Your Trading Business | p. 240 |
| Track the Correlations of Your Returns | p. 244 |
| Calibrate Your Risk and Reward | p. 248 |
| The Importance of Execution in Trading | p. 250 |
| Think in Themes-Generating Good Trading Ideas | p. 254 |
| Manage the Trade | p. 257 |
| Resources | p. 259 |
| Lessons from Trading Professionals: Resources and Perspectives on Self-Coaching | p. 261 |
| Leverage Core Competencies and Cultivate Creativity | p. 261 |
| I Alone Am Responsible | p. 264 |
| Cultivate Self-Awareness | p. 271 |
| Mentor Yourself for Success | p. 275 |
| Keep Detailed Records | p. 279 |
| Learn to Be Fallible | p. 283 |
| The Power of Research | p. 286 |
| Attitudes and Goals, the Building Blocks of Success | p. 290 |
| A View from the Trading Firms | p. 295 |
| Use Data to Improve Trading Performance | p. 300 |
| Resources | p. 305 |
| Looking for the Edge: Finding Historical Patterns in Markets | p. 307 |
| Use Historical Patterns in Trading | p. 308 |
| Frame Good Hypotheses with the Right Data | p. 310 |
| Excel Basics | p. 313 |
| Visualize Your Data | p. 317 |
| Create Your Independent and Dependent Variables | p. 320 |
| Conduct Your Historical Investigations | p. 324 |
| Code the Data | p. 327 |
| Examine Context | p. 329 |
| Filter Data | p. 332 |
| Make Use of Your Findings | p. 334 |
| Resources | p. 336 |
| Conclusion | p. 339 |
| Find Your Path | p. 339 |
| For More on Self-Coaching | p. 341 |
| About the Author | p. 343 |
| Index | p. 345 |
| Table of Contents provided by Ingram. All Rights Reserved. |
An electronic version of this book is available through VitalSource.
This book is viewable on PC, Mac, iPhone, iPad, iPod Touch, and most smartphones.
By purchasing, you will be able to view this book online, as well as download it, for the chosen number of days.
Digital License
You are licensing a digital product for a set duration. Durations are set forth in the product description, with "Lifetime" typically meaning five (5) years of online access and permanent download to a supported device. All licenses are non-transferable.
More details can be found here.
A downloadable version of this book is available through the eCampus Reader or compatible Adobe readers.
Applications are available on iOS, Android, PC, Mac, and Windows Mobile platforms.
Please view the compatibility matrix prior to purchase.