TraderMind: Get a Mindful Edge in the Markets

ISBN-13: 9781118318546 / Angielski / Miękka / 2014 / 248 str.

Steve Ward

Opis

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.

Break old habits and take trading performance to new heights Many traders know what to do and when to do it but find it difficult to take the actions in real time, in the live markets. What stops them? They stop themselves: the way they think, the feelings they experience and their habits, behaviours, and actions.

Spis treści

About the Author ix

Foreword by Linda Raschke xi

Acknowledgements xiii

Introduction: The Evolution of TraderMind xv

1 What is Mindfulness? 1

2 Developing Your Mindfulness Muscle 23

3 The Attention and Awareness Advantage 43

4 Thinking About Thinking 59

5 Embracing Emotions 83

6 Managing Urges and Impulses 105

7 Trading With the Body in Mind 119

8 Habits, Behaviour, Action 141

9 Turning Towards Difficulty 161

10 The Mindful Trader and Investor 185

TraderMind: Mindfulness?]Based Trading and Investing Training Programme 191

References 199

Index 209

O autorze

Steve Ward works with financial traders, trading teams and leaders in proprietary trading groups, energy companies, banks and funds across the world, utilising his expertise in the areas of performance, psychology, lifestyle management and making decisions under conditions of high stress, risk and uncertainty. He is the author of High Performance Trading and Sportsbetting To Win, and was the consultant trading performance coach to BBC television′s Million Dollar Traders series.

Blurb

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