The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist
$17.64
| Author(s) | |
|---|---|
| Pages |
365 |
| Format |
|
| Publication Year |
2009 |
The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist by Brett N. Steenbarger is a practical and empowering guide that addresses one of the most overlooked aspects of trading—psychology. Rather than offering strategies based purely on charts or technical indicators, Steenbarger delivers a hands-on manual designed to strengthen the trader’s mindset and emotional discipline.
The book is structured into 101 short, actionable lessons, each serving as a personal coaching session. These lessons are crafted to help traders recognize destructive habits, build resilience, and cultivate the mental edge necessary for consistent performance. By breaking down complex psychological concepts into daily exercises, Steenbarger makes self-coaching accessible to both beginners and seasoned professionals.
A central theme of the book is the idea that successful trading is not just about predicting markets but about mastering oneself. Steenbarger demonstrates how emotional triggers—such as fear, greed, and overconfidence—can derail even the most well-designed trading systems. Through practical tools like self-monitoring, journaling, visualization, and structured reflection, he teaches readers how to transform setbacks into opportunities for growth.
Another strength of this guide lies in its adaptability. The lessons can be applied regardless of trading style or market focus, whether one is a day trader, swing trader, or long-term investor. Each exercise is concise yet impactful, encouraging traders to integrate psychological training into their daily routines without feeling overwhelmed.
Steenbarger also emphasizes the importance of self-awareness and continuous learning. He positions trading as a performance discipline, much like sports or the arts, where success depends on practice, feedback, and mindset development. By cultivating habits of discipline, adaptability, and emotional balance, traders are better equipped to navigate the uncertainty and stress of financial markets.
Accessible, inspiring, and deeply practical, The Daily Trading Coach is more than just a book—it is a personal mentor in print. It equips traders not only to improve their results but also to sustain longevity in the demanding world of trading.
Contents:
- Change: The Process and the Practice
- Stress and Distress: Creative Coping for Traders
- Psychological Well-Being: Enhancing Trading Experience
- Steps toward Self-Improvement: The Coaching Process
- Breaking Old Patterns: Psychodynamic Frameworks for Self-Coaching
- Remapping the Mind: Cognitive Approaches to Self-Coaching
- Learning New Action Patterns: Behavioral Approaches to Self-Coaching
- Coaching Your Trading Business
- Lessons from Trading Professionals: Resources and Perspectives on Self-Coaching
- Looking for the Edge: Finding Historical Patterns in Markets
The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist By Brett N. Steenbarger pdf
18 reviews for The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist
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Fabian Beltran (verified owner) –
Excellent book on being your own trading coach. Complete with homework.
Henley Francis (verified owner) –
Very analytical but easy to understand
Titus Brown (verified owner) –
Good advice. Short chapters. Easy to read for 10 mins at a time. I enjoyed it and learned some things for sure.
Luella McConnell (verified owner) –
It gives you a general understanding of different types of emotions you go through while trading and how to manage them before they control you. Great book for beginners in day trading.
Jaxson Washington (verified owner) –
Great book to become better trader
Cara Cross (verified owner) –
I’ve read several books on trading psychology and this book sits at the top in terms of relevant, actionable lessons to work on oneself. That is an absolute given if you want to be a successful trader. Self-development is necessary and hard, I recommend this book as a great guide to do just that. And the ending is very touching.
London Sheppard (verified owner) –
I trade for a living and I didn’t think I needed another trading book. This one is different. It is like a coach talking to you over your shoulder reminding you of what you know. I started with the audio book and then got the book so I could use it whenever. It has a lot of simple but head nodding tips and comments. It is positive reinforcement instead of “yelling at you” reinforcement.
Kaydence Nelson (verified owner) –
This will teach you everything about psychology of trading! It can also apply to life in general! Hands down one of the best trading books you can read! Highly recommended read/listen for any trader!
Ronald Bates (verified owner) –
Very happy with the purchase. The author, a psychiatrist/stock trader, knows what he is writing about, and communicates it clearly. Very down to earth. I’m not a day trader, and like the author a few trades in a day are enough for me. Am reading a couple of chapters a day. Opened the book in the middle as soon as it arrived, and immediately clicked with paragraphs about self observation (almost like a meditative state for me), as the human being in charge of making the trades, studying the fundamentals, reading the charts, etc. is the key to the game. Actually, quite a wealth of information here, and more like a self-help book, a genre that I like, with focus on stock trading that anyone managing accounts should find valuable. Much to learn here, beyond profit and loss and money.
Harvey Reyna (verified owner) –
Awesome book. Really worth the price.
Madilyn Ferguson (verified owner) –
This book (along with Mark Douglas’ Trading in the Zone) has absolutely changed the way I trade. I would either have continued to throw away my money or would have given up trading altogether had I not read this book. Overall, It’s an easy read, BUT it’s a lot to take in. It’s a book that should be read with patience and care. Do yourself a favor: take your time with this book. Don’t try to rush it. Actually implement the lessons into your trading routine.
Veda McDonald (verified owner) –
Great book
Miguel Clements (verified owner) –
I like his gentle approach to coaching. It’s very compassionate, never scolding, never telling you what to do. He explains why we do “bad” things and then comes up with a practice that we can incorporate into our daily routine. I still read it when I want a refresher.
Dylan Richard (verified owner) –
I’ve heard many good things about this book. It was highly recommended to me by one of my mentors to read. Alot of gems in each chapter. Day trading is a mental game and I see that as I am a newbie day trader. Only been trading for less than a year. Takes thick skin, patience, persistence, and evolving into the best possible version you can be. Everyone can benefit!
Calvin Kane (verified owner) –
I LOVE this book and I’m reading it the second time around… I went through the audiobook mostly the first time around but now I’m reading the digital/hard copy to take notes on it.
This gives you the trading psychology and practical exercises to build on the tools you learn from the book. Most books talk about the problems but glaze over the solutions. This book dives deep into the problems and deeper into the solutions!
Valerie Shepherd (verified owner) –
Good book
Davina Rhodes (verified owner) –
Had high hopes, given the title. But thats where it is all, just in the title. Book is full of tips and tricks and information. However, no anchor. Beginner reader will be lost, by the end of it not sure what to do or follow. Good for picking up little nuggets here and there.
Ellianna James (verified owner) –
Love this book