TraderMind: Get a Mindful Edge in the Markets

by Steven Ward

Become a savvy trader with a "mindful" edge... TraderMind is an essential resource for understanding and applying mindfulness-based approaches that help to enhance an individual trader's overall performance. Based upon extensive research and practical application in the real world of the trading floor, TraderMind includes methods, tactics and techniques to build and enhance awareness and insight, which help manage thoughts and emotions and maximize trading performance. The author demonstrates how to overcome habitual or impulsive trading behaviours, manage energy levels, become more attuned to and responsive to the market, more situationally aware and build patterns of effective trading behaviour. By developing these skills and good behaviours, traders can overcome inherent biases and, ultimately, improve their trading decisions. The techniques outlined in TraderMind can be utilized as core competencies of trading psychology or can be used to complement other behavioural methods and strategies. The TraderMind tool-set does not replace the need for basic trading skills, knowledge, strategy, or key performance enablers such as preparation and performance analysis. Rather, TraderMind is designed to act as a facilitator or multiplier to enhance trader decision-making and improve overall performance. "A thoughtful read with 'bang-for-the buck' practical strategies for time pressed traders." – Linda Raschke, President at LBRGroup, Inc., CTA

Also includes the TraderMind 8 Week Training Program.

Genres: Finance

234 pages, Kindle Edition

First published October 9, 2014

Reviews

[Dan Zarfati · Rating 3 out of 5]

Interesting book on the use of a Mindful state of mind as prep to do trading. Some of the problems, or most of the problems quoted I have come across in real life, so it is likely I will do some of the exercises in order to improve performance, the book is a bit boring though.

[Bernard · Rating 3 out of 5]

90% mindfulness explanation and 10% how one can blend it with trading. The book is alright but a bit expensive.

[Kwok Yann · Rating 5 out of 5]

Although this book is trading related, it can also apply to your everyday life. Highly recommended for anyone, especially for traders!

[Terry Kim · Rating 4 out of 5]

Good book to read not only for a trader but for anyone else. This book is 80% about mindfulness and meditation and 20% about how you can apply that to trading.

Mindfulness and meditation is the main focus of this book, which can improve your health, focus, mood and performance.

'Ray Dalio - Very successful, billionaire hedge fund manager contributes his success to meditation.'

Our minds are where everything originates from: ideas, motivation, resilience which are the core aspects of what makes anyone successful. Through disciplined practice of meditation if you strengthened your mind you could achieve almost everything.

This book contains many techniques and tips to being mindful and maintaining it. Which I feel like its helping me with all aspects of my life in a subtle but definitive way.