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Trading Psychology 2.0: From Best Practices to Best Processes
Practical trading psychology insight that can be put to work today Trading Psychology 2.0 is a comprehensive guide to applying the science of psychology to the art of trading. Veteran trading psychologist and bestselling author Brett Steenbarger offers critical advice and proven techniques to help interested traders better understand the markets, with practical takeaways that can be implemented immediately. Academic research is presented in an accessible, understandable, engaging way that makes it relevant for practical traders, and examples, illustrations, and case studies bring the ideas and techniques to life. Interactive features keep readers engaged and involved, including a blog offering ever-expanding content, and a Twitter feed for quick tips. Contributions from market bloggers, authors, and experts bring fresh perspectives to the topic, and Steenbarger draws upon his own experience in psychology and statistical modeling as an active trader to offer insight into the practical aspect of trading psychology. Trading psychology is one of the few topics that are equally relevant to day traders and active investors, market makers and portfolio managers, and traders in different markets around the globe. Many firms hire trading coaches, but this book provides a coach in print, accessible 24/7 no matter what the market is doing. While markets may differ in scale, scope, and activity, humans remain human, with all the inherent behavioral tendencies. Studying the market from the human perspective gives traders insight into how human behavior drives market behavior. Trading Psychology 2.0 gives traders an edge, with expert guidance and practical advice.
448 pages, Hardcover
First published March 23, 2015
145 people are currently reading
979 people want to read
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Displaying 1 - 13 of 13 reviews
May 23, 2017
Best book I've ever read on psychology and peak perfromance.
I thought that "trading in the zone" was the best one, but this one is more accurate in the process of mastery.
I rate it 4 out of 5 because it's too long, too advertising with his "partners", of course he doesn't say "trader x from blog x', has this best practice x'' " without a reason. Also I'm starting to doubt that his frequent prompt by other books about peak performances aren't born by a joint venture to get more sales. Not that I'm criticizing this, he does it also for the money, and it's fine, otherwise he'd get less view, ditto for the traders, but, I found that a lot of pages were redundant and he could have trimmed the book by at least 100 pages (it's 450 pages long). Also a lot of personal facts, like his behaviour with his cats, a lot of examples, too much imho, but still, great lecture.
I highly recommend it to any people who is serious about improving his trading and life performances.
I thought that "trading in the zone" was the best one, but this one is more accurate in the process of mastery.
I rate it 4 out of 5 because it's too long, too advertising with his "partners", of course he doesn't say "trader x from blog x', has this best practice x'' " without a reason. Also I'm starting to doubt that his frequent prompt by other books about peak performances aren't born by a joint venture to get more sales. Not that I'm criticizing this, he does it also for the money, and it's fine, otherwise he'd get less view, ditto for the traders, but, I found that a lot of pages were redundant and he could have trimmed the book by at least 100 pages (it's 450 pages long). Also a lot of personal facts, like his behaviour with his cats, a lot of examples, too much imho, but still, great lecture.
I highly recommend it to any people who is serious about improving his trading and life performances.
April 24, 2018
A fantastic multi disciplinary book that creates an amazing symphony of trading and psychology. As usual there will be elements that will not appeal to everybody, but that's exactly the point. One simply needs to understand their strengths and weaknesses and there is enough for anyone caring to read to get enough out of it.
On the flip side the book is a dry read with a lot of repetitions that makes it a slog. The information contained in the book however makes up for much more than the money and time you would put into it.
On the flip side the book is a dry read with a lot of repetitions that makes it a slog. The information contained in the book however makes up for much more than the money and time you would put into it.
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September 21, 2020I read the Persian version, so I do comment in Farsi. Although the book itself was very useful and made some huge impacts on my trades.
کتاب بسیار مفیدی بود که من از کتاب روانشناسی معامله گری دیگری مانند معامله گر منضبط مایکل داگلاس مفیدتر می دانم. اما ترجمه فارسی که توسط نشر آراد ارائه شده و ترجمه پویا قنبری و آرمان بهلولی است، بسیار ضعیف و نا امید کننده بود، تا آنجا که کتاب بعد از ترجمه حتی یکبار هم نمونه خوانی نشده بود. پر از غلط های املایی، ویرایشی، دارای جملات نامفهوم و گاهی حتی شامل مکالمه دو مترجم با هم بود(ص 330). به هر حال مجبور شدم تا با کتاب اصلی مقابله کنم و خود کتاب بسیار عالی و مفید بود. تاثیرات عمیقی بر نحوه معامله گری من گذاشت.
کتاب بسیار مفیدی بود که من از کتاب روانشناسی معامله گری دیگری مانند معامله گر منضبط مایکل داگلاس مفیدتر می دانم. اما ترجمه فارسی که توسط نشر آراد ارائه شده و ترجمه پویا قنبری و آرمان بهلولی است، بسیار ضعیف و نا امید کننده بود، تا آنجا که کتاب بعد از ترجمه حتی یکبار هم نمونه خوانی نشده بود. پر از غلط های املایی، ویرایشی، دارای جملات نامفهوم و گاهی حتی شامل مکالمه دو مترجم با هم بود(ص 330). به هر حال مجبور شدم تا با کتاب اصلی مقابله کنم و خود کتاب بسیار عالی و مفید بود. تاثیرات عمیقی بر نحوه معامله گری من گذاشت.
March 18, 2024
One of the best books on trading I have ever read. Very comprehensive book, looking at some underrated aspects of trading - the ability to adapt to the everchanging market conditions, the ability to improve yourself and to be creative, as well as to follow the best practices in the business.
June 27, 2022
had a lot of bookmarks and to-do bookmarks.
It really lived up to its title and covered deeply the concept of trading psychology, which was ultimately the purpose of thy I read the book. It exceeded my expectations. Now that I have it as ‘one’ of my foundations, my task is applying the things I learned, one concept at a time and diving to it deeply and engraving it to my soul.
Overall, I will be including this book to my top 10 and will be re-reading it soon. And hoping for more resources from the author to dive into.
It really lived up to its title and covered deeply the concept of trading psychology, which was ultimately the purpose of thy I read the book. It exceeded my expectations. Now that I have it as ‘one’ of my foundations, my task is applying the things I learned, one concept at a time and diving to it deeply and engraving it to my soul.
Overall, I will be including this book to my top 10 and will be re-reading it soon. And hoping for more resources from the author to dive into.
This entire review has been hidden because of spoilers.
March 25, 2019
Very interesting book that touches spiritual, intrinsic motivation, rituals, and more. It references Chip and Dan Heath, the Gazette and trading during your day job including hiding charts from co-works.
Very interesting and worth re-reading.
Very interesting and worth re-reading.
December 27, 2017
It's a great book but seldom does one size fit all.
January 13, 2023
This book provides insights into what it takes to become a successful trader. He emphasises building social, emotional, cognitive, and personality strengths. One of the things that I like about this book is the truth behind it, which is trading is not an easy profession. If someone wants to get into this business because it's not as time-consuming as other industries, she will crash very hard into the wall. Trading is very time demanding, and people need to understand that.
One aspect that I did not find enjoyable about this book was its length. The author took a simple idea into pages and pages of redundancy and multiple examples with a vague relationship with markets or trading.
If you have the time and patience to read this book, go for it. Otherwise, I do recommend reading a summary.
One aspect that I did not find enjoyable about this book was its length. The author took a simple idea into pages and pages of redundancy and multiple examples with a vague relationship with markets or trading.
If you have the time and patience to read this book, go for it. Otherwise, I do recommend reading a summary.
January 2, 2023
Plenty of advices for traders in any level
I loved this book. It’s not an easy read but the author brings a lot of advices the fits any level of trading. The most important for me was: treat your trades like a business. The last part of the book (57 best practices) is awesome. And finally, the way the author approaches how to dealing with emotions changed my view! I couldn’t recommend it more and also recommends follow author’s blog and Twitter.
I loved this book. It’s not an easy read but the author brings a lot of advices the fits any level of trading. The most important for me was: treat your trades like a business. The last part of the book (57 best practices) is awesome. And finally, the way the author approaches how to dealing with emotions changed my view! I couldn’t recommend it more and also recommends follow author’s blog and Twitter.
July 8, 2024
This is a really good and thought-provoking book, but the author is so full of himself. He likes using complicated vocabulary and sentences even when it's completely unnecessary. He has really valuable ideas, but the lack of down-to-earthness makes his book very hard to read.
August 18, 2022
Great read about general psychology and trading thoughts
August 21, 2025
could be the best trading psychology book out there, no joke.
June 16, 2022
Most applicable and interesting book I ever read on trading. Money well spent
Displaying 1 - 13 of 13 reviews