Paradigm Shift: How to cultivate equanimity in the face of market uncertainty

by Yvan Byeajee

We all want consistent trading results, but how many of us have actually prepared for this? Trading is a highly competitive field and a very challenging endeavor where the learning curve is known to be very steep. The very nature of financial markets makes them uncertain and almost impossible to predict on a trade by trade basis. Hence, people who like to use their intellect to predict the markets are the ones who typically don't make it as consistently profitable traders. People who need to have that kind of certainty - not acting until they know what will happen next - are the ones who experience the most frustration because they are expecting something that the markets just cannot provide. And, in today's markets we are required more than ever to adapt and evolve in a manner that is quick and concise, if we want to acquire even the slightest edge. The Trading Easyread series targets the new generation of online traders who have an unquenchable desire to profit from the markets and who are willing to do the work necessary to achieve that goal. This book was written by a professional trader for beginning and intermediate level traders. Professionals will also find value in it as it can help them refresh their already acquired skills. The irony of all this is that, when your paradigm shifts - when you acquire a ‘trader’s mindset’ and, can remain confident in the face of constant uncertainty - trading will be as easy and as simple as you probably thought it was when you first started out. It is my hope is that the material presented in this book will bring you one step closer to that ideal mindset.

230 pages, Paperback

First published July 12, 2014

Reviews

[Tim Harrington · Rating 5 out of 5]

Byeajee covers a lot of ground in this book - even though it is rather short compared to other books of a similar nature. Providing an almost complete approach to the psychology of trading through affirmations, rituals, meditation and routine, Byeajee provides the route one can take to cultivate equanimity in face of market uncertainty. I took a lot from this book that I will be implementing in my own trading over the coming months.

Recommended

[Janet Anderson · Rating 5 out of 5]

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[Chandru · Rating 4 out of 5]

Well worth a read, especially for stock market professions on how to manage their emotional capital.

[Jacqui Schischka · Rating 5 out of 5]

I really enjoyed this book - it is packed with great tips and information to improve one's trading. I think I would get more out of it if I read it a few more times as there is so much to take in (I found myself highlighting lots of information to go back to). This book doesn't offer anything related to learning trading, technical analysis or developing a system but it is a great reference for the psychology and routines of trading. I recommend it :)