TraderMind: Get a Mindful Edge in the Markets

TraderMind: Get a Mindful Edge in the Markets

Steve Ward

Language: English

Pages: 251

ISBN: 1118318544

Format: PDF / Kindle (mobi) / ePub


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 PLUS Access to online resources and audio recordings to enhance your learning experience.

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in this book, and so, of course, it comes down to how much you want those benefits and the time and effort you are willing to put into achieving them. The component of effort is really not such a key factor, as mindfulness itself does not require significant effort in terms of workload – although it is important to re-emphasise here that mindfulness is not a passive relaxation state, but is rather a state of focus and attention, where there is some cognitive load. Time really becomes the key

significant shifts in how you experience emotions in your trading and their impact on your decision making. I would, however, like to share some other methods that you can use in the moment to help you regulate your emotions. One process that has proven to be very effective for emotional regulation and is very mindfulness focused is affect labelling. This is a simple process that requires you to name or label emotions as you become aware of them. Research by neuroscientist Matthew Lieberman at

repeat these actions, emotional and thinking responses without conscious effort. Learning to drive a car is a great example of how, through repetition and practice, the skills you learn become automated. Automating your responses and behaviours is an evolutionary process that allows the brain to extend your working memory, your ability to pay attention consciously and take conscious action in the moment – such as doing price calculations and weighing up options – whilst other processes operate

great practice that I picked up and adapted from Mark Williams's Mindfulness book is how bringing a sense of appreciation to the here and now can help you manage the emotions and sensations that may be present during a difficult time. Below you will see the Hunting for the Good Stuff practice that is designed to bring an awareness to 5 to 10 things you are grateful for, or view as positive. In positive psychology, and in the resiliency programmes taught to the US military, they refer to the

development: A prospective study in two occupational settings. Anxiety, Stress and Coping International, 6, 245–262. Index 1-Minute Mindfulness practice 3-Minute Breathing Space practice 7Ps acceptance ACE acronym, 3-Minute Breathing Space practice acknowledgement actions adaptive toughness addictions aggregation of marginal gains American football amygdala activity analysis skills anchors, the breath anger anhedonia state anterior cingulate cortex (ACC) anxiety approaching Aristotle Asberg,

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