Trading Psychology For Dummies (eBook)

Roland Ullrich has worked for 20 years at investment banks in Frankfurt, London, and New York, including five years on Wall Street. For twelve years now, he has been coaching professional and private traders. He is also advising and lecturing on the topics of trading psychology and brain-friendly stock market strategies.

Introduction 1

Part 1: The Sovereign Trader 9

Chapter 1: Brain-Compatible Trading 11

Chapter 2: Developing Mental Strength 19

Part 2: Making a Successful Trade 35

Chapter 3: Developing Your Personal Trading System 37

Chapter 4: Implementing Your Trading Plans 63

Part 3: Emotional Sovereignty 83

Chapter 5: Seeing Trading as Personality Development 85

Chapter 6: Practicing Mental Self-Coaching 107

Chapter 7: The Psychology of Coping with Losses 121

Chapter 8: Adopting Techniques for Coping with Stress and Anxiety 139

Part 4: Making Decisions Safely 151

Chapter 9: Untangling Decision-Making's Hidden Path 153

Chapter 10: Using Evolutionary Rules of Thumb 165

Chapter 11: Finding the Right Basis for Decision-Making in Trading 171

Part 5: Keeping Bad Behavior in Check 185

Chapter 12: Avoiding the Obvious Mistakes 187

Chapter 13: Dealing with the Stock Exchange's Collective Misbehavior 199

Chapter 14: Getting a Better Grip on Your Trading Ego 215

Chapter 15: Fear: Your Constant Trading Companion 225

Part 6: The Parts of Ten 243

Chapter 16: Ten Psychological Traps to Avoid When Trading 245

Chapter 17: Ten Success Secrets of Mentally Superior Traders 251

Chapter 18: Ten Guiding Principles for the Perfect Trading Day 257

Index 267