Trading Psychology 2.0

Trading Psychology 2. 0 is a comprehensive guide to applying the science of psychology to the art of trading in a dynamic and evolving marketplace. Filled with new, research-based insights and practical approaches, this hands-on resource is written by the acclaimed trading psychologist and bestselling author Brett Steenbarger. He offers a wealth of proven techniques and best practices that can help traders and investors take advantage of the emerging science of positive psychology.
Written in down-to-earth terms, Trading Psychology 2. 0 shows how traders can move beyond the usual focus on discipline and emotional control to the broader context of sustaining peak performance. The author shows how to achieve trading success with an ABCD focus: Adapting to market changes; Building social, emotional, cognitive, and personality strengths; Cultivating creativity; and Developing best practices across each facet of trading. Steenbarger also reveals how to ramp up your investing skills by developing best practices across seven essential activities-research, idea generation, trade structuring, position risk management, portfolio risk management, self management, and performance management. Success, he suggests, comes from turning those best practices into robust best processes.
Trading Psychology 2. 0 is filled with illustrative examples and case studies that bring the author's ideas and techniques to life. It is the first text to tap into the new field of positive psychology and help traders understand and build upon their strengths.
Many investment and trading firms hire coaches to maximize their edge in the marketplace. They realize the benefits in having an expert mentor. With Trading Psychology 2. 0, traders can gain insights and skills that will help them creatively adapt to changing markets and leverage their distinctive strengths.

Preface ix
Introduction xiii
Prelude xvii
Chapter 1 Best Process #1: Adapting to Change 1
Chapter 2 Best Process #2: Building on Strengths 95
Chapter 3 Best Process #3: Cultivating Creativity 199
Chapter 4 Best Process #4: Developing and Integrating Best Practices 277
Conclusion: From Best Practices to Best Processes 411
Postscript 415
References 417
About the Author 423
Index 425