The Psychology of Trading. The Cold Thinking Method for Decision Making

90% of traders lose money due to their own ego. Overconfidence, impulsiveness, stubbornness – these are the main reasons for failures in the stock market. How can we change our thinking to finally start making a profit?

Brett Steenbarger is the first professional psychiatrist and private trader who applied behavioral therapy techniques in trading. His services have been used by the Chicago Mercantile Exchange and several large corporations to teach their employees how to generate profit. The author analyzes real-life examples of thinking errors that hinder your ability to earn. He also provides specific psychological tools – with them you will start thinking and acting like a successful trader.