Enhancing Trader Performance

I just read the first 6 pages of Brett Steenbarger's new book titled, "Enhancing Trader Performance: Proven Strategies from the Cutting Edge of Trader Psychology."   The book was just released  on November 3rd. 

Brett easily hooked me in the first 6 pages with a profile in psychology of two real traders.  The first trader, Al never lost his cool and didn't violate his stop losses.  The second trader, Mick was kind of a hot head who violated his stops and took a loss personally. Mick after having a bad morning where he allowed his emotion to affect his trading decided to skip lunch to review his trading, figure out the market and also how to get back his money.  Al took his lunch and went back to trading with his cool and calm style after lunch.  Which one is the successful trader you ask?  Mick is the multi-million-dollar performer.  Al is no longer trading.  How has Mick been able to succeed despite his obvious violation of psychological principles?  Deliberate practice.  Mick is dedicated to the market and analyzes his every mistake.  This helped in preparing him for similarly frustrating trading scenarios and provided him with the confidence to get through it.

I have not bought the book yet but I might.  

http://astore.amazon.com/theforexproje-20/detail/0470038667/002-4343923-4611237

Popularity: 2%