The Mental Game of Trading: A System for Solving Problems with Greed, Fear, Anger, Confidence, and Discipline is a step-by-step system for mastering trading psychology. Think about your most costly and recurring trading mistakes. Chances are that they’re related to common errors such as chasing price, cutting winners short, forcing mediocre trades, and overtrading. Learn to recognize them and solve them!
The Psychology of Money: Timeless lessons on wealth, greed, and happiness shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics. John Locke reviews portions of this book during Episode 20 of the Trading Performance Sessions as it relates to trading.
The Disciplined Trader by Mark Douglas examines the causes as to why most traders cannot raise and keep their equity on a consistent basis ~ and brings the reader to practical and unique conclusions as to how to go about changing any limiting mindset. The trader is taken through a step-by-step process to breakthrough those queries ~ and begin to understand that their very thoughts may be limiting their ability to accumulate and succeed at trading.
The School of Greatness: A Real-World Guide to Living Bigger, Loving Deeper, and Leaving a Legacy by Lewis Howes gives you the tools, knowledge, and actionable resources you need to reach your potential. The lessons and practical exercises in the book prove that anyone is capable of achieving success and that we can all strive for greatness in our everyday lives.
Win at Losing: How Our Biggest Setbacks Can Lead to Our Greatest Gains by Sam Weinman. Blending firsthand interviews and advice from professional athletes, business executives, politicians, and Hollywood stars with expert analysis from leading psychologists and coaches, Win at Losing reveals how renowned figures have prevailed and even triumphed in the aftermath of loss, humiliation, and rejection.
Limitless: Upgrade Your Brain, Learn Anything Faster, and Unlock Your Exceptional Life by Jim Kwik. Limitless gives people the ability to accomplish more–more productivity, more transformation, more personal success and business achievement–by changing their Mindset, Motivation, and Methods. Check it out!
Time Warrior by Steve Chandler gives us as traders a non-linear approach to time management to keep our minds clear to make those important trading decisions when we need to.
Click here to find out more about Trading Beyond the Matrix: The Red Pill for Traders and Investors.
This is suggested reading for Trading Performance Members for May 2020.
Trading Psychology 2.0: From Best Practices to Best Processes (Wiley Trading) is a comprehensive guide to applying the science of psychology to the art of trading.
We were fortunate to have author Brett Steenbarger do a presentation and some group coaching, watch or listen to the recording here!
Click here to find out more about: The Confidence Gap: A Guide to Overcoming Fear and Self-Doubt by Russ Harris
Click here to find out more about: Rewire Your Anxious Brain: How to Use the Neuroscience of Fear to End Anxiety, Panic, and Worry by Catherine M Pittman, Elizabeth M Karle
Click here to find out more about Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie Duke
Click here to find out more about The Complete Guide to Building a Successful Trading Business
Click here to find out more about Mindset: The New Psychology of Success
|Click here to find out more about MONEY Master the Game: 7 Simple Steps to Financial Freedom
| Click here to find out more about Unshakeable: Your Financial Freedom Playbook
| Click here to find out more about Think and Grow Rich: The Original, an Official Publication of The Napoleon Hill Foundation
Wayne suggested this book during the Successful Trader Virtual 2017 Party
| Click here to find out more about Your Brain at Work: Strategies for Overcoming Distraction, Regaining Focus, and Working Smarter All Day Long
| Successful traders need to be well-versed and skilled in a wide range of business and economic areas. But now, in addition to effective trading strategies and sound money management techniques, traders need to possess the know-how to handle the mental and emotional challenges of working in a highly volatile environment.
Alex during his Successful Options Trader of the Month presentation suggested this book.
|Whether we’re buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. Read more at: The Paradox of Choice: Why More Is Less, Revised Edition|
|Why do sports captivate people? They allow us to watch human beings achieve peak performance, but, beyond physical strength and skill, what’s really impressive is an athlete’s mental prowess—their will to succeed, engagement with their environment, and self-confidence.
John talked about this book during Episode 626 of the Options Trading for Income Weekly webinar (click here to listen to a clip) and how traders in the Reluctant Learners stage should read it.
| In the bestselling tradition of Brene Brown’s Daring Greatly and Nick Vujicic’s Life Without Limits comes a rousing 7-step plan for living a life on fire, filled with hope and possibility—from an inspirational speaker who survived a near-fatal fire at the age of nine and now runs a successful business inspiring people all around the world.
|Successful Options Trader of the Month and SMB Trading Contest leader, David Heinzen recommends this book! The Disciplined Trader: Developing Winning Attitudes|
|August 2016 Successful Options Trader of the Month, Tim Pierson recommends:”This was the best book I have ever bought, it primed my options trading. It is a very good teaching book.”
|July 2016 Successful Options Trader of the Month, Kevin Sass recommends:
“This one book brings to light so many struggles and obstacles and challenges that traders face. I can not recommend it enough!”
|BUY NEW and PORTION OF PROCEEDS GOES TO CHARITY! – Momo Traders features extensive interviews with ten top day traders and swing traders who find stocks that move and capitalize on that momentum.
|“Wake up and take control of your life! From the bestselling author of Inner Strength, Unlimited Power, and MONEY Master the Game, Anthony Robbins, the nation’s leader in the science of peak performance, shows you his most effective strategies and techniques for mastering your emotions, your body, your relationships, your finances, and your life.
The acknowledged expert in the psychology of change, Anthony Robbins provides a step-by-step program teaching the fundamental lessons of self-mastery that will enable you to discover your true purpose, take control of your life, and harness the forces that shape your destiny.”
|More than thirty years ago, Richard Bandler set out to discover how some therapists effected startling change with their clients, while others argued about theories while their patients waited in vain for help. Now widely regarded as the world’s greatest hypnotist and one of the most brilliant minds in the field of personal change, Richard Bandler created patterns that became the bedrock of neuro-linguistic programming (NLP), arguably one of the most profoundly effective approaches for self-improvement. In Richard Bandler’s Guide to Trance-formation, he returns to his roots: hypnotic phenomena, trancework, and altered states to provide a highly compelling and effective prescription for quick and lasting personal change.
A thorough guide to technical analysis methods applied for success in the options market
Though still not widely practiced or accepted in the options market, technical analysis is becoming increasingly common. As the practice spreads, traders are discovering how useful technical analysis is for determining clear entry and exit signals. Trading Options: Using Technical Analysis to Design Winning Trades takes the standard technical analysis approach and applies it to the options market. Author Greg Harmon combines technical analysis with a deep understanding of the options market to explain how to design technically created trades that lead to outsized gains with low costs of entry and managed risk. The book covers trend determination, security identification and selection, tools and trade design, and executing, hedging, and adjusting trades.
Built to Last, the defining management study of the nineties, showed how great companies triumph over time and how long-term sustained performance can be engineered into the DNA of an enterprise from the verybeginning.
But what about the company that is not born with great DNA? How can good companies, mediocre companies, even bad companies achieve enduring greatness?
More than thirty years ago, Richard Bandler set out to discover how some therapists effected startling change with their clients, while others argued about theories while their patients waited in vain for help. Now widely regarded as the world’s greatest hypnotist and one of the most brilliant minds in the field of personal change, Richard Bandler created patterns that became the bedrock of neuro-linguistic programming (NLP), arguably one of the most profoundly effective approaches for self-improvement. In Richard Bandler’s Guide to Trance-formation, he returns to his roots: hypnotic phenomena, trancework, and altered states to provide a highly compelling and effective prescription for quick and lasting personal change.
“The Bible of Options Strategies is the definitive reference to contemporary options trading: the one book you need by your side whenever you trade.
Options expert Guy Cohen systematically presents today’s most effective strategies for trading options: how and why they work, when they’re appropriate, when they’re inappropriate, and how to use each one responsibly and with confidence. The only reference of its kind, this book will help you identify and implement the optimal strategy for every opportunity, trading environment, and goal.”
“Written in a practical and engaging style, The Daily Trading Coach highlights specific actions that readers can take to meaningfully improve their trading performance. The book consists of 101 lessons designed as coaching interventions, featuring techniques and homework assignments that traders can put to work immediately. The Daily Trading Coach is not only a guide to self-mentoring; it’s also a motivational resource that will allow traders to start each day with concrete goals and a positive perspective. Designed as a multimedia resource that stresses the skills and techniques for self-coaching, this book will help readers help themselves throughout their trading careers.”
“Known as the father of the new science of positive psychology, Martin E.P. Seligman draws on more than twenty years of clinical research to demonstrate how optimism enchances the quality of life, and how anyone can learn to practice it. Offering many simple techniques, Dr. Seligman explains how to break an “I—give-up” habit, develop a more constructive explanatory style for interpreting your behavior, and experience the benefits of a more positive interior dialogue. These skills can help break up depression, boost your immune system, better develop your potential, and make you happier.. With generous additional advice on how to encourage optimistic behavior at school, at work and in children, Learned Optimism is both profound and practical–and valuable for every phase of life.”
“Dr. Maxwell Maltz was a renowned pioneer in plastic surgery when he noticed that while the outward changes to his patients were a success, an inner healing and transformation was necessary for them to achieve the life changes they were seeking. Psycho-Cybernetics is a masterful synthesis of proven psychological and physiological processes, which took Dr. Maltz 29 years of research and testing to develop. His groundbreaking work, Psycho-Cybernetics, has become an all-time classic in the field of self-image psychology.
Since its first publication, this book has inspired and helped millions to achieve ambitious and life-changing goals. Recently revised and updated, this unabridged audio edition of Psycho-Cybernetics remains true to Dr. Maltz’s visionary approach and proven groundbreaking techniques. These techniques that will lead to a dynamic new self-image, greater self-esteem, and the means to achieve a lifetime of success and happiness.
“In The Success Principles, the cocreator of the phenomenal bestselling Chicken Soup for the Soul series, helps you get from where you are to where you want to be, teaching you how to increase your confidence, tackle daily challenges, live with passion and purpose, and realize all your ambitions. Filled with memorable and inspiring stories of CEO’s, world-class athletes, celebrities, and everyday people, it spells out the 64 timeless principles used by successful men and women throughout history—proven principles and strategies that can be adapted for your own life, whether you want to be the best salesperson in your company, become a leading architect, score top grades in school, lose weight, buy your dream home, make millions, or just get back in the job market.
Taken together and practiced every day, these principles will change your life beyond your wildest dreams.”
“The face of investing has significantly changed in the 30 years since this book’s first publication, but one essential component of the markets has not–human behavior. Whether you’re trading cornerstone commodities or innovative investment products, observing how investors responded to past events through technical analysis is your key to forecasting when to buy and sell in the future. This fully updated fifth edition shows you how to maximize your profits in today’s complex markets by tailoring your application of this powerful tool.”
“The Visual Investor, Second Edition breaks down technical analysis into terms that are accessible to even individual investors. Aimed at the typical investor–such as the average CNBC viewer–this book shows investors how to follow the ups and downs of stock prices by visually comparing the charts, without using formulas or having a necessarily advanced understanding of technical analysis math and jargon. Murphy covers all the fundamentals, from chart types and market indicators to sector analysis and global investing, providing examples and easy-to-read charts so that any reader can become a skilled visual investor.”
“Stop doing busywork. Start doing your best work.
Are you over-extended, over-distracted, and overwhelmed? Do you work at a breakneck pace all day, only to find that you haven’t accomplished the most important things on your agenda when you leave the office?
The world has changed and the way we work has to change, too. With wisdom from 20 leading creative minds, Manage Your Day-to-Day will give you a toolkit for tackling the new challenges of a 24/7, always-on workplace.”
“The Slight Edge is a way of thinking, a way of processing information that enables you to make the daily choices that will lead you to the success and happiness you desire. Learn why some people make dream after dream come true, while others just continue dreaming and spend their lives building dreams for someone else. The Slight Edge is not just another self-help tool for traveling the path to success. It is the doorway to creating powerful results in any area of your life, by using tools you already hold within you.”
“High Performance Trading provides proven practical techniques and strategies to help traders of all abilities, experience levels and styles to enhance their trading performance and psychology. Based on practical coaching and training interventions, personal experiences, the latest research and feedback, and advice from leading traders, trading coaches and trading psychologists, this book offers something for everyone who wants to become a better trader. – Discover how to avoid the common pitfalls of trading and how to take the practical steps that can set you up for trading success. – Strengthen your trading discipline as you discover the art of flawless execution. – Develop and hone your mental edge through learning to think like a successful trader. – Programme yourself for trading success with powerful mental conditioning techniques. – Develop unshakeable focus and concentration and learn how to get into the trading zone. – Understand how to achieve and sustain a core of trading confidence. – Learn how to utilise simple techniques to manage your emotional states. – Build resilience to cope with trading stresses, and pressures and manage losses, setbacks and errors. – Move towards greater consistency and success in your trading performance.”
“Discovering winning trading strategies is only part of the equation when it comes to trading consistently. Implementation is equaly important, and successful implementation of a trading plan requires the right mental edge. The Winning Trader is part psychological study, part reference book, and part training manual. It will help you create the awareness and control so you can execute your trading plan flawlessly.”
“In Mind Gym, noted sports psychology consultant Gary Mack explains how your mind influences your performance on the field or on the court as much as your physical skill does, if not more so. Through forty accessible lessons and inspirational anecdotes from prominent athletes–many of whom he has worked with–you will learn the same techniques and exercises Mack uses to help elite athletes build mental “muscle.” Mind Gym will give you the “head edge” over the competition.”
“Most people think success comes from good luck or enormous talent, but many successful people achieve their accomplishments in a simpler way: through self-discipline. No Excuses! shows you how you can achieve success in all three major areas of your life, including your personal goals, business and money goals, and overall happiness.
Each of the 21 chapters in this book shows you how to be more disciplined in one aspect of your life, with end-of-chapter exercises to help you apply the “no excuses” approach to your own life. With these guidelines, you can learn how to be more successful in everything you do–instead of wistfully envying others you think are just “luckier” than you. A little self-discipline goes a long way…so stop making excuses and read this book!”
“Winner of the 2014 Living Now Book Award for Inspirational Memoir After having a nationally televised panic attack, Dan Harris knew he had to make some changes. A lifelong nonbeliever, he found himself on a bizarre adventure involving a disgraced pastor, a mysterious self-help guru, and a gaggle of brain scientists. Eventually, Harris realized that the source of his problems was the very thing he always thought was his greatest asset: the incessant, insatiable voice in his head, which had propelled him through the ranks of a hyper-competitive business, but had also led him to make the profoundly stupid decisions that provoked his on-air freak-out. Eventually Harris stumbled upon an effective way to rein in that voice, something he always assumed to be either impossible or useless: meditation, a tool that research suggests can do everything from lower your blood pressure to essentially rewire your brain. 10% Happier takes readers on a ride from the outer reaches of neuroscience to the inner sanctum of network news to the bizarre fringes of America’s spiritual scene, and leaves them with a takeaway that could actually change their lives.”
“When I decided to start exercising consistently 10 years ago, this is what actually happened:
I tried “getting motivated.” It worked sometimes.
I tried setting audacious big goals. I almost always failed them.
I tried to make changes last. They didn’t.
Like most people who try to change and fail, I assumed that I was the problem.
Then one afternoon–after another failed attempt to get motivated to exercise–I (accidentally) started my first mini habit. I initially committed to do one push-up, and it turned into a full workout. I was shocked. This “stupid idea” wasn’t supposed to work. I was shocked again when my success with this strategy continued for months (and to this day). I had to consider that maybe I wasn’t the problem in those 10 years of mediocre results. Maybe it was my prior strategies that were ineffective, despite being oft-repeated as “the way to change” in countless books and blogs.”
“To be successful today, you don’t need to have been born under a lucky star, with incredible wealth, with terrific contacts and connections, or even with special skills. But what you do need to succeed in any of your life goals is self-discipline. “