Mindful Trading explores how fear or impulsivity blocks the potential of the trader you could be. But more than just explaining HOW your fears and impulsivity negatively impact your trading, this book explains what you can DO about it.Through the use of real life vignettes, Rande tells the stories of traders like you who have wrestled with their psychological demons and conquered them. From the paralyzing hesitation of the fear of pulling the trigger to the demoralizing disaster of impulse trading to make up for prior loses, you will see how they overcame their self-limiting beliefs and achieved a disciplined, patient, impartial, and courageous mindset — the Trader’s State of Mind.Rande explores how these traders used Mindfulness as part of a process to develop an edge that led them to peak performance trading. In this book you will learn how to disrupt old self limiting beliefs that block you from your potential and awaken the potential of the Inner Trader living within you.
Contents:
- Possibility, Probability, Belief, and Trading
- Managing Emotions While Trading: Integrating Left Brain and Right Brain for Balanced Trading
- The First Step to Emotional State Management: Naming Your Fear
- The 9 Roadblocks to Your Trading Success: How Your Fears Manifest in Trading
- Re-Inventing the Self: Creating a Trader’s State of Mind
- Taming the Furies: Disrupting Fear and Calming the Mind
- Mindfulness : Awakening the Observer of the Self
- The Internal Dialog: Wrestling Control of the Mind From Limiting Patterns
- The Mindful Trader: Reorganizing the Committee of the Self
- The Internal Struggle: The Real Game of Trading
Mindful Trading: Mastering Your Emotions and the Inner Game Unknown Binding By J. Rande Howell pdf
Demetrius Richardson (verified owner) –
I find the book contains very interesting and useful ideas to think about. However it should be 23 pages, not 232 pages. Rande goes on and on repeating his insights. When I read the same explanation 3 times I am worried. Here I encountered each explanation maybe 10 times at least. The author keeps promising to give steps or solutions further in the book and that keeps you hooked, but not much is really explained. Rande tries to hook people into buying his training course through this book. It might be a good training, but I am turned off after seeing so much repetition. DRY (don’t repeat yourself) Rande please.
Tessa Valentine (verified owner) –
I have been trading for over 7 years years and have developed a good understanding of market technicals, a keen sense of intuition about market movements, and spotting actionable setups. Yet… my results have been extremely poor. Throughout the years I have wrestled with various versions of impulsive trading, revenge trading, freezing like a deer in the headlights in the heat of the moment, greedily failing to realize good gains, blindly hoping for reversals, failing to execute stop losses, and generally a very poor handling of the emotions that come into play during trading.
I knew the root of the problem was psychological but I just couldn’t find a way to get my arms around it…it is so sneaky and so elusive. I have read a few books that provide some insights about this aspect of trading, including “Trading in the Zone” by Mark Douglass, “Mastering the Trade” by John Carter, and all of the Market Wizards books. These (very good) books all contain great ideas and insights about trading psychology and I was able to integrate all of this knowledge on a rational level. Unfortunately, no matter how smart my rational mind seemed to be about all of this, it just didn’t matter, because my impulsive side always managed to appear out of nowhere, sabotage my rational efforts, and disappeared before it was time to review and beat myself up over what happened at the end of the day.
I stumbled upon Rande Howell when trying to find answers about this kind of self-sabotage in trading and started digging into all of the content he has created and shared out there for free, where for the most part he hits the nail on the head and describes a lot of my experiences as if he were sitting there with me and watching me trade. I figured there was something he was leaving out of the free content so I went ahead and bought his book. I was pleased to see that the book prescribes practical, actionable steps towards a legitimate approach to getting at the root cause of my trading problems. In some sense, I feel like I already knew 90% of what Rande was saying on an intellectual level but the way he says it really hit home for me I began integrating it and believing it at the “gut level”.
This book probably will not win a Pulitzer for its exposition style, but the ideas and content it provides certainly deserve an award. Yes, the book can feel a little repetitive and some of the content seems like it may have originally been written for his blog. The upshot of this is that the writing style is very clear and concise and the author keeps it simple without getting bogged down in complicated psychological ideas and terminology.
If you have been struggling with psychological issues around trading, do yourself a favor and check out Rande’s youtube videos and blog posts. If it speaks to you, buying this book should be a no-brainer, it will set you back a tiny fraction of what you probably lose in the markets on an average day.
Good luck & may all your trades be winners!