The Trading Athlete: Winning the Mental Game of Online Trading

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Wiley, Aug 30, 2001 - Business & Economics - 320 pages
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"The best traders in the world know that being mentally prepared is absolutely essential to compete in today's markets. Without a firm understanding of the psychology of trading, even the best stock picker will fail. The Trading Athlete gives specific instruction on how new and seasoned traders can keep themselves at the top of their mental game."-Tim Bourquin, Cofounder, TraderInterivews.com and The Online Trading Expo

"This book is a great training camp for online traders. Doug and Shane will provide the knowledge and motivation to help you become a successful trader."-Jonathan Markowitz, Partner, SMW Trading Co., Inc.

Traders, just like athletes, face tremendous pressure, stress, and expectations that would crush the ordinary, unprepared individual. The Trading Athlete utilizes sport psychology strategies to provide you with the knowledge, confidence, and discipline needed to succeed and profit in the sink-or-swim world of online trading.

Using real-world examples of athletes and online traders, this book will help you reach the peak of your online trading performance with in-depth analysis of:
* Building confidence in good times and bad
* Handling losses by examining your methods
* Focusing and maintaining concentration
* Playing the game one trade at a time


Through sport psychology strategies exemplified by John Elway, Arthur Ashe, and other athletes, you will finally begin to trade and survive in the big leagues.

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About the author (2001)

SHANE MURPHY, PhD, is one of the most prominent sport psychologists in the country today. As sport psychologist for the U.S. Olympic Committee, he personally guided the mental preparation of five Olympic teams and has worked with thousands of athletes training for the Olympic Games. Currently a high-performance consultant, he works regularly with brokers and traders at such prominent companies as PaineWebber, Dreyfus, and J. & W. Seligman & Co. Murphy is also an assistant professor in psychology at Western Connecticut University. He is the author of The Achievement Zone and The Cheers and the Tears.
DOUG HIRSCHHORN, MS, worked at the Chicago Mercantile Exchange and the Chicago Board of Trade for several years and has been trading stocks online ever since. He has combined his knowledge of trading with his experience as a former Division I athlete and his expertise as a performance consultant to help traders prepare mentally for the trading game. Doug Hirschhorn became the Director of Trader Motivation & Performance at Schonfeld Securities, LLC in May 2001.

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