The Psychology of Trading - Trade without fear

Sankar Srinivasan

Sinossi

The Psychology of Trading is an insightful and comprehensive guide that explores the intricate relationship between human psychology and the world of trading. Written for both novice and experienced traders, this book delves deep into the role of emotions, biases, and herd mentality in stock market fluctuations, offering valuable insights and strategies for developing a disciplined mindset.
Drawing on the latest research in psychology and behavioral economics, this book explains how emotions such as fear, greed, and overconfidence can impact trading decisions and lead to costly mistakes. It offers practical techniques and exercises to help traders recognize and manage their emotions effectively, enhancing their decision-making abilities and reducing impulsive actions.
In addition, "The Psychology of Trading" shines a light on the various cognitive biases that influence our perception of the market, such as confirmation bias and hindsight bias. By understanding these biases, traders can identify and mitigate their effects, making more objective and rational trading choices.
Furthermore, the book explores the powerful influence of herd mentality on market trends and how traders can avoid the pitfalls of blindly following the crowd. It provides strategies for independent thinking, contrarian trading, and capitalizing on market sentiment.
As the book progresses, readers are guided through the process of developing a solid trading plan, including goal setting, risk management, and maintaining discipline. It emphasizes the importance of continuous learning and self-improvement, encouraging traders to adopt a growth mindset and adapt their strategies to changing market conditions.
"The Psychology of Trading" is not only a practical guide but also an exploration of the mindset required for long-term success in the trading world. By mastering their emotions, understanding cognitive biases, and developing a disciplined approach, readers will gain the necessary tools to navigate the complexities of the stock market and increase their chances of achieving consistent profitability.
Whether you're a novice trader seeking to understand the psychological dynamics of the market or an experienced investor looking to enhance your decision-making skills, this book will provide invaluable insights and strategies to help you become a more disciplined and successful trader.
The author Sankar Srinivasan is Certified Market Professional of National Stock Exchange of India.

Disponibile da: 11/08/2023.

Altri libri che potrebbero interessarti

Elephants & Kings - An...

Thomas R. Trautmann

Because of their enormous size, elephants have long been irresistible for kings as symbols of their eminence. In early civilizations—such as Egypt, Mesopotamia, the Indus Civilization, and China—kings used elephants for royal sacrifice, spectacular hunts, public display of live captives, or the conspicuous consumption of ivory—all of them tending toward the elephant’s extinction. The kings of India, however, as Thomas R. Trautmann shows in this study, found a use for elephants that actually helped preserve their habitat and numbers in the wild: war.             Trautmann traces the history of the war elephant in India and the spread of the institution to the west—where elephants took part in some of the greatest wars of antiquity—and Southeast Asia (but not China, significantly), a history that spans 3,000 years and a considerable part of the globe, from Spain to Java. He shows that because elephants eat such massive quantities of food, it was uneconomic to raise them from birth. Rather, in a unique form of domestication, Indian kings captured wild adults and trained them, one by one, through millennia. Kings were thus compelled to protect wild elephants from hunters and elephant forests from being cut down. By taking a wide-angle view of human-elephant relations, Trautmann throws into relief the structure of India’s environmental history and the reasons for the persistence of wild elephants in its forests.

Mostra libro

Vera Rubin - A Life

Jacqueline Mitton, Simon Mitton,...

The first biography of a pioneering scientist who made significant contributions to our understanding of dark matter and championed the advancement of women in science.In Vera Rubin: A Life, prolific science writers Jacqueline Mitton and Simon Mitton provide a detailed, accessible overview of Rubin's work, showing how she leveraged immense curiosity, profound intelligence, and novel technologies to help transform our understanding of the cosmos. But Rubin's impact was not limited to her contributions to scientific knowledge. She also helped to transform scientific practice by promoting the careers of women researchers. Not content to be an inspiration, Rubin was a mentor and a champion. She advocated for hiring women faculty, inviting women speakers to major conferences, and honoring women with awards that were historically the exclusive province of men.Rubin's papers and correspondence yield vivid insights into her life and work, as she faced down gender discrimination and met the demands of family and research throughout a long and influential career. Deftly written, with both scientific experts and general readers in mind, Vera Rubin is a portrait of a woman with insatiable curiosity about the universe who never stopped asking questions and encouraging other women to do the same.

Mostra libro

Summary and Interpretation of...

Bootsy Greenwood

This book was created to summarize the concepts and ideas of the full series of Reality Transurfing Books Steps I-V written by Vadim Zeland. This book was written by the original audiobook narrator to distill the concepts into their simplest form so that you can effectively apply the techniques immediately. 
The principles in this book are meant to help guide you back to yourself and toward a better understanding of your own authenticity while helping you to understand what it is you really want and equipping you with the tools to accomplish your most cherished goals.

Mostra libro

Herbal Alchemy: Exploring the...

Alex Carter

Embark on a transformative journey into the heart of holistic healing with our book, "Herbal Alchemy: Exploring the Secrets of Chinese Medicine - Ancient Wisdom for Modern Healing." As you navigate through the pages, immerse yourself in the captivating world of Chinese Herbal Medicine, where ancient wisdom meets the demands of contemporary well-being.
Dive into the historical roots and evolution of Chinese Medicine, tracing its lineage back through millennia. Explore the foundational philosophies of Yin-Yang, the Five Elements, and the vital energy of Qi, gaining insights into the intricate balance that defines holistic health. Discover the profound principles of herbal energetics, unraveling the subtle properties that make each herb a potent ally in restoring harmony to the body.
Unlock the secrets of herbal alchemy as we guide you through crafting herbal formulas tailored to individual constitutions. Delve into the diverse classification systems that guide practitioners in selecting herbs based on taste, temperature, and meridian affinity. Cultivate a desire to incorporate the timeless wisdom of Chinese herbs into your daily life, experiencing the profound benefits of their synergistic effects.
Equip yourself with practical knowledge as the book provides hands-on guidance in herbal preparation techniques. Establish your herbal apothecary, blending tradition with modern living. Take action toward a healthier lifestyle by integrating Chinese herbs into your daily routine. Whether you're a seasoned herbal enthusiast or a newcomer to the world of natural healing, "Herbal Alchemy" invites you to apply this ancient wisdom for modern healing.

Mostra libro

Humanology - A Scientist's Guide...

Luke O'Neill

Discover the answers to 20 burning questions about life and our amazing existence with Ireland's most exciting scientist, Professor Luke O'Neill.Taking us on an incredible journey across centuries and galaxies, accompanied by his characteristic wit, Professor Luke O'Neill explains how it all began, how it all will end and everything in between. Readers will benefit from Luke's insatiable curiosity for life when they dive into this ultimate journey through life and death.Among many fascinating facts, you'll discover the science behind how we got to be so smart, why sex with a caveman was a good idea, the science of finding love, why we follow religions, and how robots will become part of everyday life. Humanology is a humbling reminder that we're just a small speck in a big universe – so sit back and embrace the adventure.'A man who can explain 4.2 billion years of life on Earth and make me laugh at the same time – sheer genius.' Pat Kenny, Newstalk

Mostra libro

Earth: Over 4 Billion Years in...

Chris Packham, Andrew Chen

‘Combines the natural history of programmes such as David Attenborough’s Planet Earth with the planetary focus of Brian Cox’s Universe’ Guardian 
A beautiful, full colour book to accompany the 5 part BBC TV series telling the most important story of all, the deep history of our own planet. 
With the trademark dramatic storytelling techniques of The Planets and The Universe, Andrew Cohen and Chris Packham narrate the biography of the Earth, revealing the most epic moments from its history, from the first seconds of its existence to the arrival of its most incredible inhabitants, us. 
But humans take a back seat for this story as the Earth takes centre stage. We’ll witness those moments where our planet’s future hung in the balance in the face of massive bombardments from space, extreme changes in climate, the collision of whole continents and more, and we’ll tell the story of how Earth’s most incredible creations – life and intelligence – are set to have the same lasting impact on Earth’s story as any meteorite or earthquake. 
This is the epic 4 billion year story of the place we call home. 
Chris Packham's EARTH is a top-tier exploration of the evolution of our planet. This latest contribution to the science genre offers a new perspective, placing Earth and its history at the centre of the narrative. 
For fans of Lee Schofield (Wild Fell), Tristan Gooley (How to Read a Tree), John Lewis-Stempel (The Wood), Nigel Henbest (Philip's 2021 Stargazing Month-by-Month Guide to the Night Sky in Britain & Ireland), and Philip'S Maps (Philip's Stargazing 2023 Month-by-Month Guide to the Night Sky Britain & Ireland). 
HarperCollins 2023

Mostra libro