Chapter 8: Trader — know thyself

In this chapter, you will learn that:

• Controlling your own mindset will contribute just as much to your trading success as developing appropriate trading strategies.

• It is essential to develop detachment from your trading positions and be consistent with your approach to trading. The best traders continually educate themselves about trading psychology and seek to attain balance in their lives.

During the height of the technology boom in the late 1990s, I heard about a group of Silicon Valley psychologists who specialised in the treatment of Rapid Wealth Syndrome. This modern-day affliction was reaching epidemic proportions in the ‘20-something-geek’ demographic at the time. I wonder if, after investors subsequently ...

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