Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting-Edge Psychology (Wiley Trading)

If there is only one book that you want to read and learn from on Trading psychology, this would be it. I have read it thoroughly, implemented it's exercises and suggestions and it is doing good for me.I have a habbit of flipping many books before picking one and bouy did I found a 💎 of a book Or not. Did I did I 😊

O livro te convida ao autoconhecimento. Mas não fica nos exemplos, te instiga a exercitar e propõe ferramentas para isso.Mostra que o controle das emoções em situações extremas é uma ilusão, pois demanda energia que não pode ser dispensada do seu foco principal.Aborda as correlações comportamentais e técnicas de formas não vistas antes por mim.Usa muito das ferramentas dos atletas de alto nível!Para quem está começando no mercado ou para aqueles que já estão a tempos nesse mundo, mas ainda não encontraram a sua vantagem nesse universo competitivo pode ser um prato cheio!Sem esforço e dedicação, nada pode ser construído!

I have a lot of psychology books, the must haves , even the one for dummies. This one is clear, not fluffy. It depends on you, it is pretty dense as well but never a chore

WOW. After one chapter, I can say that this is a «perfect book» for swing a trader like me.Psychology in the real world of trading. Very down to earth. The author is abviously a good psy and most importantly, a trader and it shows. He talks our language.I just realised that I had a blind spot. In trading, there are no place for «short cuts/blind spot». I know to trade better. After years of trading, it is easy to let down your guards.I was like the child that learns to ride a bicycle: Look, I can ride without my traning weels. Look, without my hands… and then…. the CRASH.;-)

Definitely changes the perspective on many aspects of trading. Helps with self-understanding and self-control. A must read for any trader.

Trade Mindfully - This is a Must ReadThis is a serious, no nonsense book for the professional trader, or anyone who aspires to be a professional trader. It is written by an expert in human psychology and also by a real trader who understands the markets and the mind of a trader at a very deep (root) level. It is one of the most essential books for the modern trader. I would highly recommend at the very least that one downloads a sample and gives it a fair try, let it speak its mind to you.I am an independent, part time trader who after many years of struggle is just now becoming consistently profitable. I found this book Amazon through a "suggested reading" and am writing this completely of my own accord and have no other affiliation with Dr. Dayton other than I am taking some of Dr. Dayton’s on line courses.Additionally, since the book has many excellent descriptions and practice suggestions for “Mindfulness Meditation,” allow me to state that I have meditated ( mostly "insight" or 'Mindfulness' ) for over 15 years with life changing results. I think the exercises are excellent and have been exposed to countless guided meditations and teachings on this crucial subject.I have been a part time intra-day futures trader for about six years as well as a longer term options and stock trader. I would say that traders who operate in any possible time frame can benefit tremendously be reading this book, and doing at least some of the practices.Until I read this book, any connection I had between moment-to-moment mindfulness and trading was minimal, and pretty much non effective.. After reading this book, it's all changed. And my trading has improved more than I could have imagined.The main takeaways (for myself) from this truly invaluable book are :1. Engaging the "deliberative mind" in a clear way, without being hijacked from (destructive and counterproductive) emotional patterns that are constantly trying to assert themselves. For me, the "deliberative mind" is an orderly thought process that has been developed over years of actual trading, hundreds or thousands of hours of study, hard won experience, that is guided by a trade plan that has a positive expectancy ( a real edge, is going to be profitable over the long haul) one has confidence in. The "Intuitive" mind would be, in my case, the misguided notion that trading is something other than a highly demanding exercise in probability.2. Breaking up the trading session into three clearly defined, non-overlapping segments ( preparation, trading, post-trade evaluation / accounting ) ( Real Focus !!)3. Not repressing the energy of emotions while simultaneously not allowing emotions to guide trading decisions ( easier said than done !! ) Dr. Dayton shows in the clearest and most practical of ways, how we need not be captured by our emotions ( fear, greed, etc..) but rather how to related to them in a healthy and constructive way that gives them enormous space, but that does not give them reign over our decision making process while trading. I learned also from this book that when trading, our focus needs to be on the charts, our chosen methodology, trade management, etc., and not on an internal, emotional struggle that can be debilitating to our ability to make rational decisions based on our trade plan, and very detrimental to our bottom line, and our trader’s psyche.. This is pure gold and even though one might have a good, solid trading plan, anyone who has traded real money for even a short time would most likely have made many trading decisions based on what is really emotion rather than sold trading logic.One of the best parts for me, is that the author knows these emotions inside out, is a real trader, and communicates all this is a fashion that is completely engaging and practical. Additionally,Dr. D. explains how and why these emotions are there to begin with… They do not point out that we are defective in some way, but rather they are the product of the [my term] “survival mind.” That was a great relief to me, as I feel much better equipped to deal with an emotion when I have a clue about its root cause.For example, if I was in a profitable trade, my overwhelming “feeling” ( fear) was to take profitsway, way too soon, for fear that the market would turn against me. This fear is a deeply programmedresponse from the “survival mind” ( my words) that convinces us that our survival is more likely ifwe hold on to the little we have, rather than risk it all for the possibility of more. That one insight, for me, is the same magnitude of an earthquake. I have “given away” tens of thousands of dollars in profits over the years ( by getting out of trades way too soon) based on this one powerful emotion alone. This book not only lays the groundwork for how and why these emotions are there, but also how to work with them in an intelligent and productive way, without having going to war inside of our psyches.The author’s examples of a trader’s inner world, and thought process again show that he has indeed been in the trenches of this never ending, often chaotic battle between the forces of supply and demand. The trading examples are very illustrative and almost any trader ( who can be self-honest..) will be able to relate to many of the examples and the inner states that are described with laser accuracy !Had I not found this book, read it and digested it, I doubt I could have survived the emotional rollercoaster of trading, especially intra-day futures, where leverage causes those profit or loss numbers to jump around sometimes with near heart stopping regularity !I feel a sense of debt to Dr. Dayton, as this book has indeed changed my trading experience like nothing else I have tried. I have simplified my trading, and my routine is much more orderly and effective, and trading has become MUCH less stressful as a result.Another plus is that the skill of true mindfulness will eventually wind up “infiltrating” more and more areas of our life. “lighting” what is perhaps a wiser and more skillful approach to all areas of our lives. Perhaps it is a “universal” human skill, and can be practiced for free, any time and in any situation !The bottom line : The book is very practical, very accessible, and a real gift to the trading community.Many, many thanks to Dr. Gary for this truly great book !