Traders can mentor themselves and further their development by drawing upon research and practice from psychology and various performance disciplines. Steenbarger provides a practical collection of validated strategies for enhancing trader performance and changing their psychological patterns. The book has a four-part structure: evidence (what has been found to work in trader performance enhancement and their psychological change); performance (strategies for addressing traders most common performance challenges), psychology (strategies for altering the major patterns that interfere with trader performance), and integration (blending performance and psychological strategies to create comprehensive programs of trader development).
Book Details:
- Author: Brett N. Steenbarger
- ISBN: 9780470038666
- Year Published: 2007
- Pages: 304
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
Traders can mentor themselves and further their development by drawing upon research and practice from psychology and various performance disciplines. Steenbarger provides a practical collection of validated strategies for enhancing trader performance and changing their psychological patterns. The book has a four-part structure: evidence (what has been found to work in trader performance enhancement and their psychological change); performance (strategies for addressing traders most common performance challenges), psychology (strategies for altering the major patterns that interfere with trader performance), and integration (blending performance and psychological strategies to create comprehensive programs of trader development).
After many years working with traders, Steenbarger knows that trading is a performance field, not unlike professional chess, athletics, dance, or theater. He takes most of his trader training methods from the daily, onsite, real-time work he has done with dozens of traders in various markets over the past few years. Performance enhancement, like brief therapy, is a science and an art. There are common effective ingredients of performance enhancement programs, just as there are shared elements of successful therapies. Surprisingly, however, few traders seem to know about these, and even fewer have developed systematic programs for exploiting this knowledge. Yes, traders keep journals, read books, attend seminars, and browse the Web for information. How many, however, put themselves through the equivalent of a bodybuilders training program or a SWAT teams preparations for raids? And, even if traders were motivated for such work, would they even know where to start in crafting such initiatives? Steenbarger helps traders train to become not just achievers but superlative achievers through the methods found in this book, Trading Psychology.
STEENBARGER HAS AN ACTIVE, COMPREHENSIVE WEBSITE. Steenbarger’s last book with Wiley sold over 6500 copies. His website, www.brettsteenbarger.com, is one of the largest compilations of trading psychology materials on the Web. He has about 600 unique visitors to his site daily with about 5000 hits per day. STEENGBARGER IS CONSTANTLY WRITING IN HIGH PROFILE PRINT AND ONLINE MEDIA. Steenbarger writes articles twice a week for www.tradingmarkets.com site and every few weeks for www.trade2win.com. Both have large, active readerships and drive readers to his personal website. He writes biweekly articles for the Trading Online Newsletter (Australia). He also writes articles for Traders Journal (Singapore), SFO Magazine, and ActiveTrader Magazine (U.S.) and will contribute trader performance articles at these venues to correspond with the release of the book. STEENBARGER CONDUCTS SEMINARS AND SPEAKS TO TRADERS IN THE FIELD. Steenbarger recently taught online courses for the Chicago Board of Trade (126 participants) and Woodies CCI Club (296 attendees). He has also have taught live sessions at the Chicago Mercantile Exchange, the Online Traders Expo, and the Futures Industry Association in the past year.
About the Author
Brett N. Steenbarger, PhD (Naperville, IL) is associate professor of psychiatry and behavioral sciences at SUNY Upstate Medical University in Syracuse, N.Y., where he also serves as the director of student counseling. Steenbarger has published over 50 peer reviewed journal articles and book chapters on topics related to brief therapy. He teaches techniques of counseling and psychotherapy to graduate students in counseling, doctoral students in clinical pschology, and residents in psychiatry. An active trader who conducts his own statistical modeling research into markets, Steenbarger writes occasional feature columns for MSNs MoneyCentral.com. He is author of The Psychology of Trading (Wiley, 2002).