The Psychology of Trading: Tools and Techniques for Minding the Markets

I am a big fan of Brett N. Steenbarger. In fact, I collected series of articles written by Brett N. Steenbarger via "Stock, Futures, Options (SFO)" magazine since year 2003. Those articles are like bible to me even until today. However, I actually never read a book by the said author. So, here I am with my first book from my idol.

Ended up... Wow, amazing!!! As much as I love the author's articles, I love this book too. This is a top written book, which includes trading skills as well as psychology and therapy methods to enhance existing trading skills. The author is qualified to do so with his tremendous background as counsellor and active trader.

Furthermore, I thought the author did so well in this book as most ideas are on the proactive side. One good example is the author does not reject emotional issues. Instead, he view it as something norms and there are tons of proactive methods to overcome it. In another words, the author made use of all so called "bad" stuff and overturn it into something useful. That is the amazing part of this book.

On the flaws, I thought this book may not suit every reader. First of all, readers of this book must equip themselves with certain knowledge in psychology and trading skills. Without this, readers may feel lost throughout the book. As for old and bold trader like me, this book is my best book in year 2015!

Initially, I prepared to list down series of good quotes as usual. However, it is a big headache when there are so many quotes qualified as excellent quotes. As such, I found it hard to do just a summary for this book. The only solution is to reread this book annually. (No wonder I found myself still rereading all the author's articles since year 2003) Having said that... I have no hesitation to rate this book at 10/10. This is a must read book for all traders.