The Mental Edge in Trading (PB)

LEVERAGE YOUR MOST POWERFUL TRADING ASSET: YOUR PERSONALITY

The Mental Edge in Trading explains the critical link between successful trading and personality traits—and it gives you the tools to use this information to make smarter trades.

A highly trained psychiatrist, Dr. Jason Williams, son of legendary trader Larry Williams, explains how to assess and measure your innate personality traits and align them with your trading style for more profitable trading on a more consistent basis.

Dr. Williams tested proven winning traders who were managing billions of dollars to see what the great winning traders had in common, what personality traits made them so successful. The results are in this groundbreaking book that will help you become like these winning traders.

His conclusions are based on hard science, the latest brain research, and the careful study of successful traders, not on psychobabble meanderings. Dr. Williams provides:

  • A comprehensive overview of how personality/emotions affect every trading decision
  • The information you need to determine the emotions that dominate your decision making
  • Proven methods for adapting your trading plan—and your behavior—to make more money than ever

With The Mental Edge in Trading, you have everything you need to apply your cluster of personality traits to become a better, wiser, and more consistently successful market trader.

Solid trading strategies and accurate market indicators are crucial. But when push comes to shove, the glue that binds them is your emotional state at any given time. When things go south, the best trading system will collapse like a house of cards—if you allow it to.

The Mental Edge in Trading provides the tools you need to ensure this never happens to you by helping you understand and use your emotions when it counts most. It's the key to long-term trading success.

Until now, no other book has provided a practical, detailed method for achieving the mental edge in trading. What you'll find inside is based on intensive research into the minds of today’s most profitable traders.

The Mental Edge in Trading explains the immutable relationship of human thought, emotion, and behavior and reveals how to:

  • Determine if you should be a systems or discretionary trader
  • Conquer you underlying fear of risk by understanding where it comes from
  • Calm innate anxieties before you start your trading day
  • Use optimism as a "tool" for profitability
  • Remain vigilant as to why you are placing each and every trade

This complete trading-improvement tool gives you the information you need to determine and improve your personality traits, discover your dominant emotions, and use this information to adapt your behavior for more successful trading.

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The Mental Edge in Trading (PB)

LEVERAGE YOUR MOST POWERFUL TRADING ASSET: YOUR PERSONALITY

The Mental Edge in Trading explains the critical link between successful trading and personality traits—and it gives you the tools to use this information to make smarter trades.

A highly trained psychiatrist, Dr. Jason Williams, son of legendary trader Larry Williams, explains how to assess and measure your innate personality traits and align them with your trading style for more profitable trading on a more consistent basis.

Dr. Williams tested proven winning traders who were managing billions of dollars to see what the great winning traders had in common, what personality traits made them so successful. The results are in this groundbreaking book that will help you become like these winning traders.

His conclusions are based on hard science, the latest brain research, and the careful study of successful traders, not on psychobabble meanderings. Dr. Williams provides:

  • A comprehensive overview of how personality/emotions affect every trading decision
  • The information you need to determine the emotions that dominate your decision making
  • Proven methods for adapting your trading plan—and your behavior—to make more money than ever

With The Mental Edge in Trading, you have everything you need to apply your cluster of personality traits to become a better, wiser, and more consistently successful market trader.

Solid trading strategies and accurate market indicators are crucial. But when push comes to shove, the glue that binds them is your emotional state at any given time. When things go south, the best trading system will collapse like a house of cards—if you allow it to.

The Mental Edge in Trading provides the tools you need to ensure this never happens to you by helping you understand and use your emotions when it counts most. It's the key to long-term trading success.

Until now, no other book has provided a practical, detailed method for achieving the mental edge in trading. What you'll find inside is based on intensive research into the minds of today’s most profitable traders.

The Mental Edge in Trading explains the immutable relationship of human thought, emotion, and behavior and reveals how to:

  • Determine if you should be a systems or discretionary trader
  • Conquer you underlying fear of risk by understanding where it comes from
  • Calm innate anxieties before you start your trading day
  • Use optimism as a "tool" for profitability
  • Remain vigilant as to why you are placing each and every trade

This complete trading-improvement tool gives you the information you need to determine and improve your personality traits, discover your dominant emotions, and use this information to adapt your behavior for more successful trading.

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The Mental Edge in Trading (PB)

The Mental Edge in Trading (PB)

by Jason Williams
The Mental Edge in Trading (PB)

The Mental Edge in Trading (PB)

by Jason Williams

Paperback

$47.00 
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Overview

LEVERAGE YOUR MOST POWERFUL TRADING ASSET: YOUR PERSONALITY

The Mental Edge in Trading explains the critical link between successful trading and personality traits—and it gives you the tools to use this information to make smarter trades.

A highly trained psychiatrist, Dr. Jason Williams, son of legendary trader Larry Williams, explains how to assess and measure your innate personality traits and align them with your trading style for more profitable trading on a more consistent basis.

Dr. Williams tested proven winning traders who were managing billions of dollars to see what the great winning traders had in common, what personality traits made them so successful. The results are in this groundbreaking book that will help you become like these winning traders.

His conclusions are based on hard science, the latest brain research, and the careful study of successful traders, not on psychobabble meanderings. Dr. Williams provides:

  • A comprehensive overview of how personality/emotions affect every trading decision
  • The information you need to determine the emotions that dominate your decision making
  • Proven methods for adapting your trading plan—and your behavior—to make more money than ever

With The Mental Edge in Trading, you have everything you need to apply your cluster of personality traits to become a better, wiser, and more consistently successful market trader.

Solid trading strategies and accurate market indicators are crucial. But when push comes to shove, the glue that binds them is your emotional state at any given time. When things go south, the best trading system will collapse like a house of cards—if you allow it to.

The Mental Edge in Trading provides the tools you need to ensure this never happens to you by helping you understand and use your emotions when it counts most. It's the key to long-term trading success.

Until now, no other book has provided a practical, detailed method for achieving the mental edge in trading. What you'll find inside is based on intensive research into the minds of today’s most profitable traders.

The Mental Edge in Trading explains the immutable relationship of human thought, emotion, and behavior and reveals how to:

  • Determine if you should be a systems or discretionary trader
  • Conquer you underlying fear of risk by understanding where it comes from
  • Calm innate anxieties before you start your trading day
  • Use optimism as a "tool" for profitability
  • Remain vigilant as to why you are placing each and every trade

This complete trading-improvement tool gives you the information you need to determine and improve your personality traits, discover your dominant emotions, and use this information to adapt your behavior for more successful trading.


Product Details

ISBN-13: 9781265923259
Publisher: McGraw Hill LLC
Publication date: 07/11/2023
Pages: 240
Product dimensions: 6.00(w) x (h) x 9.00(d)

About the Author

DR. JASON WILLIAMS is a Johns Hopkins Hospital-trained psychiatrist. He has subspecialty training in psychosomatic medicine and was taught how to use and interpret the world's foremost personality test, the NEO PI-R, by one of the co-inventors of the tool. Dr. Williams lives in northern Virginia and practices both inpatient and outpatient psychiatry there. Some of his patients/clients are high-net-worth individuals who seek to maximize their wealth through better mental health.

LARRY WILLIAMS is a full-time trader and fund manager who speaks at major investment conferences throughout the world. He has created numerous market indicators, including Williams % R, the Ultimate Oscillator, COT indicators, and the POIVI (price open interest volume accumulation indicator). Larry Williams has written seven other books on stocks and trading.

Table of Contents

Foreword Larry Williams xi

Preface xiii

Chapter 1 The Human Mind: A Primer 1

Chapter 2 How Does the Brain Generate the Mind? 3

Chapter 3 Anatomy of the Brain 101 5

Chapter 4 The Four Perspectives of Mental Life 17

Chapter 5 Introduction to Personality Traits 23

Chapter 6 Where Does Personality Come From? 32

Chapter 7 Personality Inventories 35

Chapter 8 Introduction to the NEO PI-R 39

Chapter 9 The Five-Factor Model in Detail 44

Chapter 10 The 30 Personality Facets 51

Chapter 11 General Interpretation of NEO-AC Scores 53

Chapter 12 Personality Styles 55

Chapter 13 Personality Disorders 57

Chapter 14 Neuroticism and Trading 59

Chapter 15 CBT for Traders 77

Chapter 16 Risk Aversion and Trading 88

Chapter 17 Conscientiousness and Trading 100

Chapter 18 Optimism and Trading 111

Chapter 19 Excitement-Seeking and Trading 117

Chapter 20 The Secret to Happiness 119

Chapter 21 The Overly Dependent Trader 125

Chapter 22 A Case Study: Larry Williams 129

Chapter 23 Personality Case Study: Dan Zanger 143

Chapter 24 Personality Case Study: KD Angle 148

Chapter 25 Personality Case Study: Linda Raschke 152

Chapter 26 Personality Case Study: Andrea Unger 157

Chapter 27 Personality Case Study: Ralph Vince 165

Chapter 28 Personality Case Study: Scott Ramsey 172

Chapter 29 Case Study: "The Perfect Trader" 178

Chapter 30 The Addictive Personality 183

Chapter 31 Conclusions 186

Appendix A The Personality Facets in Detail 189

Appendix B The Styles of Personality 201

Notes 211

Index 213

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