The Psychology of Trading

Essential information for mastering the psychology of trading.

Success in the markets, as in life, depends on a healthy and clear strategy for emotional risk management in addition to market knowledge. In The Psychology of Trading, Brett Steenbarger, a leading practitioner of brief therapy, presents readers with cutting-edge ideas in the psychology of trading by combining his research and experiences in psychology with his knowledge of trading.

Steenbarger walks readers through the most common "issues" the market will force traders to face and provides practical solutions to these trading problems. From breaking destructive patterns and managing uncertainty to developing the capacity for focus and discipline to manage crises, The Psychology of Trading offers readers a practical way to identify their patterns of success and failure, providing them with the knowledge to exert greater control over these issues.

The case studies, research, and ideas presented in this book will help transform any trader's approach to risk and reward.

Brett Steenbarger, PhD, is Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY. Dr. Steenbarger has published over fifty peer-reviewed journal articles and book chapters on topics related to brief therapy. An active trader who conducts his own statistical modelling research into markets, Dr. Steenbarger writes occasional feature columns for MSN's MoneyCentral.com.