Archives of “Focus” tag

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Books For Professional Traders

  
  Education
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Yes ,List from our Library 

Note that the literature listed below can easily be found in book stores or via the internet.

TRADING Psychology

The following books and articles target some of the core psychological obstacles that traders face every day and techniques to maximize their trading performance. This is an extremely important part of the reading list, in my opinion.

  • “The Mental Edge: Maximize Your Sports Potential with the Mind-Body Connection” – Kenneth Baum“How Successful People Practice” – James Clear (www.jamesclear.com)
    • I’m a big believer in visualization techniques and the contribution it can make to trading success.  I first used visualization during my years playing hockey.
  • “Zen and the Art of Management” – Financial Times, September 16, 2013
  • “Good To Great” – Jim Collins
    • The book is centered on how companies can go from a position of mediocre to greatness.  Many of the concepts are readily applicable to the trading business and to building yourself into an elite trader.

All the books of Dr. Ari Kiev.:

  • “Trading to Win: The Psychology of Mastering the Markets”
  • “Trading in the Zone: Maximizing Performance with Focus and Discipline”
  • “The Psychology of Risk: Mastering Market Uncertainty”
  • “The Mental Strategies of Top Traders: the Psychological Determinants of Trading Success”
  • “Hedge Fund Masters: How top Hedge Funds Set Goals, Overcome Barriers and Achieve Peak Performance”
  • “Mastering Trading Stress: Strategies for Maximizing Performance”
    • Prior to his passing, I had been organizing a conference with Dr. Kiev.  He revolutionized the hedge fund industry in terms of trader performance

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How to teach yourself to focus

  
  Education
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“Focus cannot be underestimated. I think that is a reason why some of the smartest people don’t become successful; they have a hard time focusing.” – Cyrus Massoumi

When Google’s Larry Page asked Steve Jobs for advice before he passed, his advice to Page was, “Don’t get distracted. Focus.”

Every day we must face so many distractions and each one has the potential to take our focus and profits away. Learning how to focus is not a skill that many of us have – you must teach yourself how to do it.

From now on, start each work day by asking yourself one simple question – what is my top focus today? Write your answer down (I recommend using this free template as a starting point) and remind yourself every hour through a timer (like on your phone) to focus on that one thing through the entire work day.

Do this exercise every single work day for a full six weeks and you will not only improve your focus tremendously (and see the benefits from doing so) but you will also realize how unfocused you have really been. When traders I have been privileged to closely mentor have done this exercise, each and every single one have reported back that it was a worthwhile endeavor.

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