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The Mental Edge in Trading : Adapt Your Personality Traits and Control Your Emotions to Make Smarter Investments

Book Description


The Mental Edge in Trading explains the critical link between successful trading and personality traits--and it gives you the tools to use this information to make smarter trades.

A highly trained psychiatrist, Dr. Jason Williams, son of legendary trader Larry Williams, explains how to assess and measure your innate personality traits and align them with your trading style for more profitable trading on a more consistent basis.

Dr. Williams tested proven winning traders who were managing billions of dollars to see what the great winning traders had in common, what personality traits made them so successful. The results are in this groundbreaking book that will help you become like these winning traders.

His conclusions are based on hard science, the latest brain research, and the careful study of successful traders, not on psychobabble meanderings. Dr. Williams provides:

  • A comprehensive overview of how personality/emotions affect every trading decision
  • The information you need to determine the emotions that dominate your decision making
  • Proven methods for adapting your trading plan--and your behavior--to make more money than ever

With The Mental Edge in Trading, you have everything you need to apply your cluster of personality traits to become a better, wiser, and more consistently successful market trader.

Solid trading strategies and accurate market indicators are crucial. But when push comes to shove, the glue that binds them is your emotional state at any given time. When things go south, the best trading system will collapse like a house of cards--if you allow it to.

The Mental Edge in Trading provides the tools you need to ensure this never happens to you by helping you understand and use your emotions when it counts most. It's the key to long-term trading success.

Until now, no other book has provided a practical, detailed method for achieving the mental edge in trading. What you'll find inside is based on intensive research into the minds of today’s most profitable traders.

The Mental Edge in Trading explains the immutable relationship of human thought, emotion, and behavior and reveals how to:

  • Determine if you should be a systems or discretionary trader
  • Conquer you underlying fear of risk by understanding where it comes from
  • Calm innate anxieties before you start your trading day
  • Use optimism as a "tool" for profitability
  • Remain vigilant as to why you are placing each and every trade

This complete trading-improvement tool gives you the information you need to determine and improve your personality traits, discover your dominant emotions, and use this information to adapt your behavior for more successful trading.

Table of Contents

  1. Cover
  2. Title Page
  3. Copyright
  4. Dedication
  5. Contents
  6. Foreword by Larry Williams
  7. Preface
  8. Chapter 1 - The Human Mind: A Primer
  9. Chapter 2 - How Does the Brain Generate the Mind?
  10. Chapter 3 - Anatomy of the Brain 101
  11. Chapter 4 - The Four Perspectives of Mental Life
  12. Chapter 5 - Introduction to Personality Traits
  13. Chapter 6 - Where Does Personality Come From?
  14. Chapter 7 - Personality Inventories
  15. Chapter 8 - Introduction to the NEO PI-R
  16. Chapter 9 - The Five-Factor Model in Detail
  17. Chapter 10 - The 30 Personality Facets
  18. Chapter 11 - General Interpretation of NEO-AC Scores
  19. Chapter 12 - Personality Styles
  20. Chapter 13 - Personality Disorders
  21. Chapter 14 - Neuroticism and Trading
  22. Chapter 15 - CBT for Traders
  23. Chapter 16 - Risk Aversion and Trading
  24. Chapter 17 - Conscientiousness and Trading
  25. Chapter 18 - Optimism and Trading
  26. Chapter 19 - Excitement-Seeking and Trading
  27. Chapter 20 - The Secret to Happiness
  28. Chapter 21 - The Overly Dependent Trader
  29. Chapter 22 - A Case Study: Larry Williams
  30. Chapter 23 - Personality Case Study: Dan Zanger
  31. Chapter 24 - Personality Case Study: KD Angle
  32. Chapter 25 - Personality Case Study: Linda Raschke
  33. Chapter 26 - Personality Case Study: Andrea Unger
  34. Chapter 27 - Personality Case Study: Ralph Vince
  35. Chapter 28 - Personality Case Study: Scott Ramsey
  36. Chapter 29 - Case Study: “The Perfect Trader”
  37. Chapter 30 - The Addictive Personality
  38. Chapter 31 - Conclusions
  39. Appendix A: The Personality Facets in Detail
  40. Appendix B: The Styles of Personality
  41. Notes
  42. Index
  43. About the Authors