The Daily Trading Coach 101 Lessons For Becoming Your Own Trading Psychologist Wiley Trading Brett N Steenbarger by Brett N. Steenbarger 9780470398562, 0470398566 instant download after payment.

I gave very high ratings to the author's previous two books. However, I remarked that they are for professional trading trainers and trainees preferably with intermediate knowledge on psychology. Eventually, the author had presented the "mass market" this great work which it can digest. Very useful indeed. A must for any serious trader's collection!Below please find some of my most favorite passages for your reference:- When you think about your thinking by adopting the perspective of a self-observer, you no longer buy into negative thought patterns. pg42A trading career is a marathon, not a sprint; the winners pace themselves. pg78When we pursue goals in an effortful manner, we build intentionality and free will. pg80A different facet of well-being is serenity: a mind free of distracting thoughts and feelings. It is vital to elite performance: a mind at peace is one that can be fully focused on market patterns. pg83Success does not consist in never making mistakes but in never making the same one a second time. - George Bernard Shaw pg99To keep yourself solution focuse, you want to ask yourself, "What did I do well today? What about this trade did I do right?" You will find that, over time, your performance is varied. pg113When you talk aloud your thoughts and feelings, you no longer identify with them; you listen to them as an observer. pg117Our coping is mobilized when we imagine anticipated stressful situations, preparing us for when those situations actually occur in trading. pg127Consider two coaching scenarios.....1# "How could you be so careless? You just ruined your week. Do you realize what will happen if you continue to do this...." 2# C'mon, you're a better trader than that! Remember last month when you put together a string of winning days?...." 1# mirrors a sense of failure....2# doesnt avoid the problem, but starts from the premise of good trading. It mirrors encouragement and a reminder of the trader's strengths. pg144I find it helpful, during trading, to periodically remind myself, "It's not about me." pg178Tangible rewards for your success are among the strongest positive reinforcers. pg206You dont have to diversify by trading many markets. You can diversify by time frame, directionality and setup pattern (trending, reversal). pg247Anyone who fights for the future lives in it today. -Ayn Rand pg261It's okay to be emotional; it's not okay to let emotion change your management of risk. pg281