Happy new year!
Voila – my 1st post in 2015. My break was thoroughly enjoyable – spent a lot of time with friends and family – and did not look at a single chart the entire time.
Today was my first day back at work. I worked from home studying my way through a Trading Psychology book. This book was published in 2003 by a therapist with 20-30 years of therapy experience and 20 years of part-time trading experience (he mainly traded US equities). The book is hard-going but is excellent – in not only made me think about my trading, but also about other aspects of my life – thus it has been a real insightful experience – and triggered a lot of thoughts, memories and tears along the way. I managed to finish the book today, having read most of it over the break. The book was given to me by a trader friend – thanks James!
I would like to believe that truly understanding the material in the book and letting it impact my behavior and thinking in and out of the trading room, will have a significant impact on my trading operation.
Although I have read the whole book now, I will need to go through and compile some notes for the last two-thirds of the book. Then I will go through each chapter slowly and carefully and let things sink in – I am sure that will take the whole of 2015.
The book is called “Psychology of Trading” – a great read!!