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TraderMind: Get a Mindful Edge in the Markets

Book Description

Become a savvy trader with a "mindful" edge...

TraderMind is an essential resource for understanding and applying mindfulness-based approaches that help to enhance an individual trader's overall performance. Based upon extensive research and practical application in the real world of the trading floor, TraderMind includes methods, tactics and techniques to build and enhance awareness and insight, which help manage thoughts and emotions and maximize trading performance.

The author demonstrates how to overcome habitual or impulsive trading behaviours, manage energy levels, become more attuned to and responsive to the market, more situationally aware and build patterns of effective trading behaviour. By developing these skills and good behaviours, traders can overcome inherent biases and, ultimately, improve their trading decisions.

The techniques outlined in TraderMind can be utilized as core competencies of trading psychology or can be used to complement other behavioural methods and strategies. The TraderMind tool-set does not replace the need for basic trading skills, knowledge, strategy, or key performance enablers such as preparation and performance analysis. Rather, TraderMind is designed to act as a facilitator or multiplier to enhance trader decision-making and improve overall performance. "A thoughtful read with 'bang-for-the buck' practical strategies for time pressed traders." - Linda Raschke, President at LBRGroup, Inc., CTA

Also includes the TraderMind 8 Week Training Program.

Table of Contents

  1. About the Author
    1. High Performance Global Ltd
  2. Foreword
  3. Acknowledgements
  4. Introduction: The Evolution of TraderMind
    1. The Challenges of Trading and Investing
    2. Beyond Skills and Strategy
    3. The Rise of Trading Psychology
    4. The New Contenders: Neuroscience and Mindfulness
    5. TraderMind
    6. What's in Store?
    7. Getting the Most From TraderMind
    8. What Brings You To This Book?
    9. Final Words
  5. 1 What is Mindfulness?
    1. What is Mindfulness?
    2. Equanimity: Approaching and Acceptance vs. Avoidance and Aversion
    3. Impermanence
    4. Mindfulness in the Markets
    5. From Buddha to Boardroom to Battlefield – the Rise of Mindfulness
    6. The Benefits of Mindfulness
    7. TraderMind: Mindfulness-Based Trading and Investing
    8. Developing Mindfulness
  6. 2 Developing Your Mindfulness Muscle
    1. How Mindful are You?
    2. Developing Your Mindfulness Muscle
    3. Mindfulness Practice – Mind Fitness Training
    4. How Long Will It Take?
    5. Turbocharge Your Mind Fitness Development
    6. Practicalities FAQ
    7. You Have To Do Your Own Press-Ups
  7. 3 The Attention and Awareness Advantage
    1. Awareness, Attention and Automatic Pilot
    2. Awareness of Self: Accessing Choice and Flexibility
    3. Awareness of the Environment: Situational Awareness
    4. Awareness of Others: Sentiment and the Empathy Edge
    5. Attention, Attention, Attention
    6. Trading in the Zone
    7. Attention Deficit Trait
    8. Training Your Attention and Awareness: Building Metacognitive Muscle
    9. Applied Metacognition
  8. 4 Thinking About Thinking
    1. Thinking About Markets and Trading
    2. Cognitive Awareness
    3. How Do You Stop Thinking About a White Bear?
    4. Letting Go of the Struggle
    5. Working With Thoughts – Acceptance
    6. Cognitive Utility – The Lens of “Usefulness”
    7. Cognitive Fusion – Attachment to Thoughts
    8. Cognitive Defusion – Changing Your Relationship With Your Thoughts
    9. Sit Down, Stand Up – Focus On Effective Action
    10. Reappraisal – Mental Flexibility
    11. Memories – Thoughts from the Past
    12. When to Follow Your Mind
    13. Three Steps to Managing Thinking
  9. 5 Embracing Emotions
    1. Emotions and Trading: A New Paradigm
    2. Emotional Awareness
    3. Embracing Emotions – From Avoidance to Acceptance
    4. Emotional Regulation – Affect Labelling
    5. Emotional Regulation – Reappraisal
    6. Emotional Regulation – The Mindful Moment
    7. Embracing Emotions in Practice – Running Profits
    8. STOP Struggling and Embrace Your Emotions
  10. 6 Managing Urges and Impulses
    1. Urges and Temptations
    2. What is an Urge or Impulse?
    3. Mindfulness Training and Urge Reduction
    4. The Changing Nature and Impermanence of Urges
    5. Insights from Addiction Therapy
    6. Urge Surfing
    7. Impulse vs. Intuition
    8. Boredom Trading and the Challenge of Quiet Markets
    9. Crucial Moments and Effective Behaviours
  11. 7 Trading With the Body in Mind
    1. Trading Signals From the Body: Physiological Analysis
    2. Affective Decision Making
    3. Feeling the Markets
    4. What Separates Analysts From Traders?
    5. Can You Really Trust Your Gut?
    6. Developing Your Intuition and Gut Feel, Reconnecting the Mind and Body
    7. The Embodied Brain
    8. Managing Energy, Becoming a Trading Athlete
    9. Reconnecting
  12. 8 Habits, Behaviour, Action
    1. Action Creates Results
    2. Habits – “Frighteningly Subtle, Incredibly Powerful”
    3. Building Patterns of Effective Action
    4. Committed Action
    5. Habit Releasing and Learning New Skills
    6. Flexible Response
  13. 9 Turning Towards Difficulty
    1. The Difficulties of Trading
    2. Stress, Pressure and Trading Performance
    3. Resilience, Trader Toughness and Mind Fitness
    4. Approaching vs. Avoiding
    5. Exposure and Adaptive Toughness – Shifting the Curve
    6. Burnout and the Exhaustion Funnel
    7. Turning Towards Difficulty
    8. Effective Action for Difficult Times
    9. Seven Ways to Turn Towards Difficulty
  14. 10 The Mindful Trader and Investor
    1. The Mindful Trader and Investor
    2. Developing Mindfulness – Mind Fitness Practice
    3. 10 Ways to Incorporate Mind Fitness into Your Trading Day
    4. Looking Back
    5. Looking Forward
  15. TraderMind: Mindfulness-Based Trading and Investing Training Programme
    1. Overview
    2. Mindful Attention and Awareness Scale
    3. Week 1 – Attention, Awareness and Automatic Pilot
    4. Week 2 – Thinking About Thinking
    5. Week 3 – Embracing Emotions
    6. Week 4 – Managing Urges and Impulses
    7. Week 5 – Trading With the Body in Mind
    8. Week 6 – Habits, Behaviour and Action
    9. Week 7 – Turning Towards Difficulty
    10. Practice Record
    11. Week 8 – The Mindful Trader
    12. Review
    13. What Next?
  16. References
  17. Index
  18. End User License Agreement