Alpha Trader: The Mindset, Methodology and Mathematics of Professional Trading

by Brent Donnelly

Overview

ALPHA TRADER teaches you the specific mindset, methods, and math you need to achieve long-run success as a professional trader. The book is full of interesting trading anecdotes, useful strategies, and fun stories from behind the screens.

Product Details

ISBN-13:	9781736739808
Publisher:	Brent Donnelly
Publication date:	06/08/2021
Pages:	514
Product dimensions:	6.00(w) x 9.00(h) x 1.13(d)

Table of Contents

ALPHA TRADER

TABLE OF CONTENTS

Foreword by Dr. Ben Hunt

A quick story

Introduction

PART ONE: WHY DO SOME TRADERS SUCCEED, BUT MOST FAIL?

Chapter 1: Know yourself

Good traders are introspective and self-aware

Chapter 2: If it was easy, it wouldn't pay so well

Research shows success in trading is difficult to achieve and sustain

Chapter 3: Understanding success

Success and high performance in the world outside of trading

Chapter 4: So you're saying there's a chance?

Why some traders succeed but most fail

PART TWO: THE ALPHA TRADER MINDSET

Chapter 5: Level up

The traits and habits you need to succeed

Chapter 6: Kryptonite

Bad behavior, poor discipline, sloppy thinking, and leaks

Chapter 7: Smart people do stupid things

Rational, unbiased trading

PART THREE: METHODOLOGY AND MATHEMATICS

Chapter 8: Understand microstructure

Step one towards becoming an expert in your market

Chapter 9: Understand narrative

Step two towards becoming an expert in your market

Chapter 10: Understand technicals, sentiment and positioning

Step three towards becoming an expert in your market

Chapter 11: You feeling lucky, punk?

Data collection, risk management and variance

Chapter 12: Bringing it all together

The lifecycle of a trade, from idea to execution to exit

PART FOUR: ADAPTATION AND ATTITUDE

Chapter 14: Adapt or die

Stay flexible and achieve long-term trading success

Chapter 15: Thank God it's Monday!

It is impossible to succeed without the right attitude

Conclusion

One last story

Coda

Acknowledgements

Appendix A: Further Reading

Appendix B: 21 ways to succeed at trading and 13 ways to fail

Editorial Reviews

I couldn't put this book down! Brent has done an amazing job capturing the challenges that traders face on a daily basis and how best to navigate today's markets.

It is an essential read for anyone who is interested in managing money and the behavioral psychology behind those who "make the market!" Brent shows himself to be as skillful an author as he has been one of the leading players in global foreign exchange! Well done!

- Ben Melkman, founder and CIO of Light Sky Macro

Brent has been on my must-read list for years. This book is no exception. ALPHA TRADER is an instant trading classic.

- John Mauldin, president of Mauldin Economics

Alpha Trader is one of the most intuitive books about applied trading psychology and rational behavior. It is a masterpiece that puts you in control of your trading.

- Saed Abukarsh, partner at Ark Capital Management (Dubai)

Brent is a smart, balanced and hyper-pragmatic trader. I have known and worked with him for years, and his constant search for new paradigms is what sets him apart. ALPHA TRADER is a very, very valuable book which may save young (and old) traders from significant emotional (and monetary) pain.

- Jens Nordvig, world-renowned currency strategist and founder of Exante Data

Brent's book is an honest assessment of what is required to be successful in the markets. Successful traders have a process that is not canned or rigid... Because markets are not.

If you are serious about making it as a full-time trader, ALPHA TRADER is the book you need to read. It's an honest take on what you will need to do and expect to make it like a pro.

- Dave Floyd, founder of the Aspen Trading Group

From the Publisher