Daily Trading Coach by Brett Steenbarger


Being a trader and coach of traders, Brett Steenbarger shares 101 lessons to help all traders become their own psychologist of trading through his book, Daily Trading Coach. In this work of art, Steenbarger shares the things that traders need to help them balance their trading career and personal lives and be successful on both ends by discovering their personal inner qualities.

A primer to a daily guide to trading, this book is equipped with all the necessary elements that a trader needs to know and remember before, during, and after entering the trading battlefield along with its adversities and complexities. A dose of a daily reminder of the proper mindset to trading is what this book primarily offers. 

About the Author

Brett Steenbarger is a trader of traders’ coach and wrote several popular books and other publications. A master of hedge fund, Steenbarger coaches investors, trading groups, and investment banks. He is teaching at SUNY Upstate Medical University. 

Table of Contents

The book contains 101 lessons distributed in ten chapters. The topics include:

CHAPTER 1 Change: The Process and the Practice

1: Draw on Emotion to Become a Change Agent

2: Psychological Visibility and Your Relationship with Your Trading Coach

3: Make Friends with Your Weakness

4: Change Your Environment, Change Yourself

 5: Transform Emotion by Trace-Formation

6: Find the Right Mirrors

7: Change Our Focus

8: Create Scripts for Life Change

9: How to Build Your Self-Confidence

10: Five Best Practices for Effecting and Sustaining Change

CHAPTER 2 Stress and Distress: Creative Coping for Traders

11: Understanding Stress

12: Antidotes for Toxic Trading Assumptions

13: What Causes the Distress That Interferes with Trading Decisions?

14: Keep a Psychological Journal

15: Pressing: When You Try Too Hard to Make Money

16: When You’re Ready to Hang It Up

17: What to Do When Fear Takes Over

18: Performance Anxiety: The Most Common Trading Problem

19: Square Pegs and Round Holes

20: Volatility of Markets and Volatility of Mood

CHAPTER 3 Psychological Well-Being: Enhancing Trading Experience

21: The Importance of Feeling Good

22: Build Your Happiness

23: Get into the Zone

24: Trade with Energy

25: Intention and Greatness: Exercise the Brain through Play

26: Cultivate the Quiet Mind

27: Build Emotional Resilience

28: Integrity and Doing the Right Thing

29: Maximize Confidence and Stay with Your Trades

30: Coping—Turn Stress into Well-Being

CHAPTER 4 Steps toward Self-Improvement: The Coaching Process

31: Self-Monitor by Keeping a Trading Journal

32: Recognize Your Patterns

33: Establish Costs and Benefits to Patterns

34: Set Effective Goals

35: Build on Your Best: Maintain a Solution Focus

36: Disrupt Old Problem Patterns

37: Build Your Consistency by Becoming Rule-Governed

38: Relapse and Repetition

39: Create a Safe Environment for Change

40: Use Imagery to Advance the Change Process

CHAPTER 5 Breaking Old Patterns: Psychodynamic Frameworks for Self-Coaching

41: Psychodynamics: Escape the Gravity of Past Relationships

42: Crystallize Our Repetitive Patterns

 43: Challenge Our Defenses

44: Once Again, with Feeling: Get Distance from Your Problem Patterns

45: Make the Most Out of Your Coaching Relationship

46: Find Positive Trading Relationships

47: Tolerate Discomfort

48: Master Transference

49: The Power of Discrepancy

50: Working Through

CHAPTER 6 Remapping the Mind: Cognitive Approaches to Self-Coaching

51: Schemas of the Mind

52: Use Feeling to Understand Your Thinking

53: Learn from Your Worst Trades

n 54: Use a Journal to Restructure Our Thinking

55: Disrupt Negative Thought Patterns

56: Reframe Negative Thought Patterns

57: Use Intensive Guided Imagery to Change Thought Patterns

58: Challenge Negative Thought Patterns with the Cognitive Journal

59: Conduct Cognitive Experiments to

Create Change

60: Build Positive Thinking

CHAPTER 7 Learning New Action Patterns:

Behavioral Approaches to Self-Coaching

61: Understand Your Contingencies

62: Identify Subtle Contingencies

63: Harness the Power of Social Learning

n 64: Shape Your Trading Behaviors

65: The Conditioning of Markets

66: The Power of Incompatibility

67: Build on Positive Associations

68: Exposure: A Powerful and Flexible Behavioral Method

69: Extend Exposure Work to Build Skills

70: A Behavioral Framework for Dealing with Worry

CHAPTER 8 Coaching Your Trading

71: The Importance of Startup Capital

72: Plan Your Trading Business

73: Diversify Your Trading Business

74: Track Your Trading Results

75: Advanced Scorekeeping for Your Trading Business

76: Track the Correlations of Your Returns

77: Calibrate Your Risk and Reward

78: The Importance of Execution in Trading

79: Think in Themes—Generating Good Trading Ideas

80: Manage the Trade

CHAPTER 9 Lessons from Trading Professionals: Resources and Perspectives on Self-Coaching

81: Leverage Core Competencies and Cultivate Creativity

82: I Alone Am Responsible

83: Cultivate Self-Awareness

84: Mentor Yourself for Success

85: Keep Detailed Records

86: Learn to Be Fallible

87: The Power of Research

89: A View from the Trading Firms

90: Use Data to Improve Trading Performance

CHAPTER 10 Looking for the Edge: Finding Historical Patterns in Markets

91: Use Historical Patterns in Trading

92: Frame Good Hypotheses with the Right Data

93: Excel Basics

94: Visualize Your Data

95: Create Your Independent and Dependent Variables

96: Conduct Your Historical Investigations

97: Code the Data

98: Examine Context

99: Filter Data

100: Make Use of Your Findings

101: Find Your Path

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