{"product_id":"the-daily-trading-coach-isbn-9780470398562","title":"The Daily Trading Coach","description":"\u003cp\u003ePraise for \u003cb\u003eTHE DAILY TRADING COACH\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"A great book! Simply written, motivational with unique content that leads any trader, novice or experienced, along the path of self-coaching. This is by far Dr. Steenbarger's best book and a must-have addition to any trader's bookshelf. I'll certainly be recommending it to all my friends.\"\u003cbr\u003e \u003cb\u003e—Ray Barros CEO, Ray Barros Trading Group\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Dr. Steenbarger has been helping traders help themselves for many years. Simply put, this book is a must-read for anyone who desires to achieve great success in the market.\"\u003cbr\u003e \u003cb\u003e—Charles E. Kirk The Kirk Report\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"'Dr. Brett', as he is affectionately known by his blog readers, has assembled a practical guide to self coaching in this excellent book. The strategies he outlines are further enhanced with numerous resources and exercises for the reader to refer to and keep the principles fresh. I enthusiastically encourage anyone interested in bettering their trading and investing to read this book and keep it on their desk as a constant source of learning.\"\u003cbr\u003e \u003cb\u003e—Brian Shannon, www.alphatrends.net author of\u003c\/b\u003e \u003cb\u003e\u003ci\u003eTechnical Analysis Using Multiple Timeframes\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Dr. Brett has distilled his years of experience, as both a trader and a psychologist\/coach, into the 101 practical lessons found in \u003ci\u003eThe Daily Trading Coach.\u003c\/i\u003e Those lessons provide effective strategies for coping with the stumbling blocks that traders often face. This book should be a cornerstone of any serious trader's library.\"\u003cbr\u003e \u003cb\u003e—Michael Seneadza equities trader and blogger at TraderMike.net\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eChapter 1 Change: The Process and the Practice 3\u003c\/p\u003e \u003cp\u003eLesson 1: Draw on Emotion to Become a Change Agent 4\u003c\/p\u003e \u003cp\u003eLesson 2: Psychological Visibility and Your Relationship with Your Trading Coach 7\u003c\/p\u003e \u003cp\u003eLesson 3: Make Friends with Your Weakness 9\u003c\/p\u003e \u003cp\u003eLesson 4: Change Your Environment, Change Yourself 11\u003c\/p\u003e \u003cp\u003eLesson 5: Transform Emotion by Trace-Formation 14\u003c\/p\u003e \u003cp\u003eLesson 6: Find the Right Mirrors 17\u003c\/p\u003e \u003cp\u003eLesson 7: Change Our Focus 20\u003c\/p\u003e \u003cp\u003eLesson 8: Create Scripts for Life Change 23\u003c\/p\u003e \u003cp\u003eLesson 9: How to Build Your Self-Confidence 25\u003c\/p\u003e \u003cp\u003eLesson 10: Five Best Practices for Effecting and Sustaining Change 29\u003c\/p\u003e \u003cp\u003eResources 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Stress and Distress: Creative Coping for Traders 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLesson 11: Understanding Stress 33\u003c\/p\u003e \u003cp\u003eLesson 12: Antidotes for Toxic Trading Assumptions 37\u003c\/p\u003e \u003cp\u003eLesson 13: What Causes the Distress That Interferes with Trading Decisions? 40\u003c\/p\u003e \u003cp\u003eLesson 14: Keep a Psychological Journal 43\u003c\/p\u003e \u003cp\u003eLesson 15: Pressing: When You Try Too Hard to Make Money 45\u003c\/p\u003e \u003cp\u003eLesson 16: When You’re Ready to Hang It Up 48\u003c\/p\u003e \u003cp\u003eLesson 17: What to Do When Fear Takes Over 51\u003c\/p\u003e \u003cp\u003eLesson 18: Performance Anxiety: The Most Common Trading Problem 54\u003c\/p\u003e \u003cp\u003eLesson 19: Square Pegs and Round Holes 58\u003c\/p\u003e \u003cp\u003eLesson 20: Volatility of Markets and Volatility of Mood 61\u003c\/p\u003e \u003cp\u003eResources 64\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Psychological Well-Being: Enhancing Trading Experience 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLesson 21: The Importance of Feeling Good 67\u003c\/p\u003e \u003cp\u003eLesson 22: Build Your Happiness 71\u003c\/p\u003e \u003cp\u003eLesson 23: Get into the Zone 73\u003c\/p\u003e \u003cp\u003eLesson 24: Trade with Energy 77\u003c\/p\u003e \u003cp\u003eLesson 25: Intention and Greatness: Exercise the Brain through Play 79\u003c\/p\u003e \u003cp\u003eLesson 26: Cultivate the Quiet Mind 83\u003c\/p\u003e \u003cp\u003eLesson 27: Build Emotional Resilience 86\u003c\/p\u003e \u003cp\u003eLesson 28: Integrity and Doing the Right Thing 89\u003c\/p\u003e \u003cp\u003eLesson 29: Maximize Confidence and Stay with Your Trades 91\u003c\/p\u003e \u003cp\u003eLesson 30: Coping—Turn Stress into Well-Being 95\u003c\/p\u003e \u003cp\u003eResources 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Steps toward Self-Improvement: The Coaching Process 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLesson 31: Self-Monitor by Keeping a Trading Journal 99\u003c\/p\u003e \u003cp\u003eLesson 32: Recognize Your Patterns 103\u003c\/p\u003e \u003cp\u003eLesson 33: Establish Costs and Benefits to Patterns 106\u003c\/p\u003e \u003cp\u003eLesson 34: Set Effective Goals 109\u003c\/p\u003e \u003cp\u003eLesson 35: Build on Your Best: Maintain a Solution Focus 111\u003c\/p\u003e \u003cp\u003eLesson 36: Disrupt Old Problem Patterns 114\u003c\/p\u003e \u003cp\u003eLesson 37: Build Your Consistency by Becoming Rule-Governed 118\u003c\/p\u003e \u003cp\u003eLesson 38: Relapse and Repetition 121\u003c\/p\u003e \u003cp\u003eLesson 39: Create a Safe Environment for Change 123\u003c\/p\u003e \u003cp\u003eLesson 40: Use Imagery to Advance the Change Process 126\u003c\/p\u003e \u003cp\u003eResources 130\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Breaking Old Patterns: Psychodynamic Frameworks for Self-Coaching 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLesson 41: Psychodynamics: Escape the Gravity of Past Relationships 132\u003c\/p\u003e \u003cp\u003eLesson 42: Crystallize Our Repetitive Patterns 135\u003c\/p\u003e \u003cp\u003eLesson 43: Challenge Our Defenses 138\u003c\/p\u003e \u003cp\u003eLesson 44: Once Again, with Feeling: Get Distance from Your Problem Patterns 141\u003c\/p\u003e \u003cp\u003eLesson 45: Make the Most Out of Your Coaching Relationship 144\u003c\/p\u003e \u003cp\u003eLesson 46: Find Positive Trading Relationships 147\u003c\/p\u003e \u003cp\u003eLesson 47: Tolerate Discomfort 150\u003c\/p\u003e \u003cp\u003eLesson 48: Master Transference 153\u003c\/p\u003e \u003cp\u003eLesson 49: The Power of Discrepancy 156\u003c\/p\u003e \u003cp\u003eLesson 50: Working Through 158\u003c\/p\u003e \u003cp\u003eResources 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Remapping the Mind: Cognitive Approaches to Self-Coaching 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLesson 51: Schemas of the Mind 164\u003c\/p\u003e \u003cp\u003eLesson 52: Use Feeling to Understand Your Thinking 167\u003c\/p\u003e \u003cp\u003eLesson 53: Learn from Your Worst Trades 170\u003c\/p\u003e \u003cp\u003eLesson 54: Use a Journal to Restructure Our Thinking 172\u003c\/p\u003e \u003cp\u003eLesson 55: Disrupt Negative Thought Patterns 176\u003c\/p\u003e \u003cp\u003eLesson 56: Reframe Negative Thought Patterns 179\u003c\/p\u003e \u003cp\u003eLesson 57: Use Intensive Guided Imagery to Change Thought Patterns 182\u003c\/p\u003e \u003cp\u003eLesson 58: Challenge Negative Thought Patterns with the Cognitive Journal 185\u003c\/p\u003e \u003cp\u003eLesson 59: Conduct Cognitive Experiments to Create Change 188\u003c\/p\u003e \u003cp\u003eLesson 60: Build Positive Thinking 190\u003c\/p\u003e \u003cp\u003eResources 193\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Learning New Action Patterns: Behavioral Approaches to Self-Coaching 195\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLesson 61: Understand Your Contingencies 196\u003c\/p\u003e \u003cp\u003eLesson 62: Identify Subtle Contingencies 199\u003c\/p\u003e \u003cp\u003eLesson 63: Harness the Power of Social Learning 201\u003c\/p\u003e \u003cp\u003eLesson 64: Shape Your Trading Behaviors 204\u003c\/p\u003e \u003cp\u003eLesson 65: The Conditioning of Markets 207\u003c\/p\u003e \u003cp\u003eLesson 66: The Power of Incompatibility 211\u003c\/p\u003e \u003cp\u003eLesson 67: Build on Positive Associations 214\u003c\/p\u003e \u003cp\u003eLesson 68: Exposure: A Powerful and Flexible Behavioral Method 217\u003c\/p\u003e \u003cp\u003eLesson 69: Extend Exposure Work to Build Skills 220\u003c\/p\u003e \u003cp\u003eLesson 70: A Behavioral Framework for Dealing with Worry 223\u003c\/p\u003e \u003cp\u003eResources 226\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Coaching Your Trading Business 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLesson 71: The Importance of Startup Capital 227\u003c\/p\u003e \u003cp\u003eLesson 72: Plan Your Trading Business 231\u003c\/p\u003e \u003cp\u003eLesson 73: Diversify Your Trading Business 233\u003c\/p\u003e \u003cp\u003eLesson 74: Track Your Trading Results 236\u003c\/p\u003e \u003cp\u003eLesson 75: Advanced Scorekeeping for Your Trading Business 240\u003c\/p\u003e \u003cp\u003eLesson 76: Track the Correlations of Your Returns 244\u003c\/p\u003e \u003cp\u003eLesson 77: Calibrate Your Risk and Reward 248\u003c\/p\u003e \u003cp\u003eLesson 78: The Importance of Execution in Trading 250\u003c\/p\u003e \u003cp\u003eLesson 79: Think in Themes—Generating Good Trading Ideas 254\u003c\/p\u003e \u003cp\u003eLesson 80: Manage the Trade 257\u003c\/p\u003e \u003cp\u003eResources 259\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Lessons from Trading Professionals: Resources and Perspectives on Self-Coaching 261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLesson 81: Leverage Core Competencies and Cultivate Creativity 261\u003c\/p\u003e \u003cp\u003eLesson 82: I Alone Am Responsible 264\u003c\/p\u003e \u003cp\u003eLesson 83: Cultivate Self-Awareness 271\u003c\/p\u003e \u003cp\u003eLesson 84: Mentor Yourself for Success 275\u003c\/p\u003e \u003cp\u003eLesson 85: Keep Detailed Records 279\u003c\/p\u003e \u003cp\u003eLesson 86: Learn to Be Fallible 283\u003c\/p\u003e \u003cp\u003eLesson 87: The Power of Research 286\u003c\/p\u003e \u003cp\u003eLesson 88: Attitudes and Goals, the Building Blocks of Success 290\u003c\/p\u003e \u003cp\u003eLesson 89: A View from the Trading Firms 295\u003c\/p\u003e \u003cp\u003eLesson 90: Use Data to Improve Trading Performance 300\u003c\/p\u003e \u003cp\u003eResources 305\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Looking for the Edge: Finding Historical Patterns in Markets 307\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLesson 91: Use Historical Patterns in Trading 308\u003c\/p\u003e \u003cp\u003eLesson 92: Frame Good Hypotheses with the Right Data 310\u003c\/p\u003e \u003cp\u003eLesson 93: Excel Basics 313\u003c\/p\u003e \u003cp\u003eLesson 94: Visualize Your Data 317\u003c\/p\u003e \u003cp\u003eLesson 95: Create Your Independent and Dependent Variables 320\u003c\/p\u003e \u003cp\u003eLesson 96: Conduct Your Historical Investigations 324\u003c\/p\u003e \u003cp\u003eLesson 97: Code the Data 327\u003c\/p\u003e \u003cp\u003eLesson 98: Examine Context 329\u003c\/p\u003e \u003cp\u003eLesson 99: Filter Data 332\u003c\/p\u003e \u003cp\u003eLesson 100: Make Use of Your Findings 334\u003c\/p\u003e \u003cp\u003eResources 336\u003c\/p\u003e \u003cp\u003eConclusion 339\u003c\/p\u003e \u003cp\u003eLesson 101: Find Your Path 339\u003c\/p\u003e \u003cp\u003eFor More on Self-Coaching 341\u003c\/p\u003e \u003cp\u003eAbout the Author 343\u003c\/p\u003e \u003cp\u003eIndex 345\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eBRETT N. STEENBARGER, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e is Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, New York. An active trader and author of the popular TraderFeed blog, Steenbarger coaches traders in hedge funds, proprietary trading groups, and investment bank settings. He is also the author of the Wiley titles \u003ci\u003eEnhancing Trader Performance\u003c\/i\u003e and \u003ci\u003eThe Psychology of Trading\u003c\/i\u003e. Steenbarger received a BS from Duke University and a PhD in clinical psychology from the University of Kansas.   \u003c\/p\u003e\u003cp\u003eEvery trader is an entrepreneur. And just as a new business must capitalize upon the strengths of its founders, a career in the markets crucially hinges upon the assets—personal and monetary—of the trader. As an active trader and a coach of traders in hedge funds, proprietary trading groups, and investment bank settings, author Brett Steenbarger has helped others see the personal assets they have possessed all along: those that can pay a lifetime of dividends. In \u003ci\u003eThe Daily Trading Coach,\u003c\/i\u003e he provides the tools to help you prioritize both your trading goals and your life—and become your own trading psychologist.  \u003c\/p\u003e\u003cp\u003eThere are 101 lessons in \u003ci\u003eThe Daily Trading Coach\u003c\/i\u003e, each averaging several pages in length. Each lesson follows the same general format: identifying an everyday challenge that traders face, an approach to meeting that challenge, and a specific suggestion for implementing that approach. The lessons cover a range of topics relevant to trading psychology and trading performance, including detailed instruction for utilizing psychodynamic, cognitive, and behavioral brief therapy methods to change problematic behavior patterns and instill new, positive ones. The chapters are independent of one another, so that you can read them in order or you can use the Table of Contents or Index to read, each day, the lesson that most applies to your current trading. In addition, the book includes insightful self-coaching perspectives from eighteen successful trading professionals who share their work online.  \u003c\/p\u003e\u003cp\u003eWhile the aim of the book is to help you become your own trading coach, its broader purpose is to help you coach yourself through life. The challenges and uncertainties you face in trading—the pursuit of rewards in the face of risks—are just as present in careers and relationships as in markets. \u003ci\u003eThe Daily Trading Coach\u003c\/i\u003e provides a road map, and a practical set of insights and tools, for discovering and implementing the best within you.  \t  \u003c\/p\u003e\u003cp\u003ePraise for \u003cb\u003eTHE DAILY TRADING COACH\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"A great book! Simply written, motivational with unique content that leads any trader, novice or experienced, along the path of self-coaching. This is by far Dr. Steenbarger's best book and a must-have addition to any trader's bookshelf. I'll certainly be recommending it to all my friends.\"\u003cbr\u003e \u003cb\u003e—Ray Barros CEO, Ray Barros Trading Group\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Dr. Steenbarger has been helping traders help themselves for many years. Simply put, this book is a must-read for anyone who desires to achieve great success in the market.\"\u003cbr\u003e \u003cb\u003e—Charles E. Kirk The Kirk Report\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"'Dr. Brett', as he is affectionately known by his blog readers, has assembled a practical guide to self coaching in this excellent book. The strategies he outlines are further enhanced with numerous resources and exercises for the reader to refer to and keep the principles fresh. I enthusiastically encourage anyone interested in bettering their trading and investing to read this book and keep it on their desk as a constant source of learning.\"\u003cbr\u003e \u003cb\u003e—Brian Shannon, www.alphatrends.net author of\u003c\/b\u003e \u003cb\u003e\u003ci\u003eTechnical Analysis Using Multiple Timeframes\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Dr. Brett has distilled his years of experience, as both a trader and a psychologist\/coach, into the 101 practical lessons found in \u003ci\u003eThe Daily Trading Coach.\u003c\/i\u003e Those lessons provide effective strategies for coping with the stumbling blocks that traders often face. This book should be a cornerstone of any serious trader's library.\"\u003cbr\u003e \u003cb\u003e—Michael Seneadza equities trader and blogger at TraderMike.net\u003c\/b\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990203187429,"sku":"NP9780470398562","price":47.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470398562.jpg?v=1761786889","url":"https:\/\/k12savings.com\/products\/the-daily-trading-coach-isbn-9780470398562","provider":"K12savings","version":"1.0","type":"link"}