The Psychology of Trading: Tools and Techniques for Minding the Markets

Front Cover
John Wiley & Sons, Jan 30, 2004 - Business & Economics - 352 pages
3 Reviews
"The one, only, and by far the best book synthesizing psychologyand investing. In addition to providing modern, scientificknowledge about psychology, this book provides a mirror into themind and wide breadth of knowledge of one of the leadingpractitioners of brief and effectual cures. Will help to cure yourtrading and your life."
-Victor Niederhoffer, Chief Speculator, ManchesterInvestments
Author, The Education of a Speculator and PracticalSpeculation

"How refreshing! A book that rises above the old NLP model of the80's and provides insights on how our relationship with the marketis indeed a very personal one. Not only has Steenbarger providedsome fantastic tools for the trader to transform his mindset, buthe has contributed unique trading ideas as well. Brilliant!"
-Linda Raschke, President, LBRGroup, Inc.

"'Investigate, before you invest' was for many years the slogan ofthe New York Stock Exchange. I always thought a better one wouldbe, 'Investigate YOURSELF, before you invest.' The Psychology ofTrading should help you increase your annual investment rate ofreturn. Mandatory reading for anyone intending to earn a livelihoodthrough trading. "
-Yale Hirsch, The Hirsch Organization Inc., Editor, The StockTrader's Almanac

"This highly readable, highly educational, and highly entertainingbook will teach you as much about yourself as about trading. It'sOliver Sacks meets Mr. Market-extraordinary tales of ordinaryprofessionals and individuals with investment disorders, and howthey successfully overcame them. It is a must-read both for privateinvestors who have been shell-shocked in the bear market and wantto learn how to start again, as well as for pros who seek an extraedge from extra inner knowledge. Steenbarger's personal voyage intothe mind of the market is destined to become a classic."
-Jon Markman, Managing Editor, CNBC on MSN Money
Author, Online Investing and Swing Trading

"Dr. Steenbarger's fascinating, highly readable blend of practicalinsights from his dual careers as a brilliant psychologist andtrader will benefit every investor; knowing oneself is as importantas knowing the market."
-Laurel Kenner, Columnist, Author, Practical Speculation

What people are saying - Write a review

We haven't found any reviews in the usual places.


Chapter One The Woman Who Could Not Love
Chapter Two The Student Who Wouldnt Study
Chapter Three The Woolworth Man
Chapter Four Traders Out of Their Minds
Chapter Five Mary Mary Quite Contrary
Chapter Six The Evil Spiders
Chapter Seven The Big Man beneath the Bed
Chapter Eight Buried Alive
Chapter Ten The Coat in the Closet
Chapter Eleven Pinball Wizardry
Chapter Twelve A Session at Gunpoint
Chapter Thirteen A Dose of Profanity
Chapter Fourteen Trading from the Couch

Chapter Nine TranceForming the Mindscape

Other editions - View all

Common terms and phrases

Popular passages

Page xiv - Newton said that if he had seen farther than others, it was because he had stood on the shoulders of giants.

References to this book

About the author (2004)

BRETT N. STEENBARGER, PhD, is Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, New York, where he also serves as the Director of Student Counseling. Dr. Steenbarger has published over fifty peer-reviewed journal articles and book chapters on topics related to brief therapy, including standard reference entries in The Psychologist's Desk Reference and the Encyclopedia of Psychotherapy. He teaches techniques of counseling and psychotherapy to graduate students in counseling, doctoral students in clinical psychology, and residents in psychiatry. An active trader who conducts his own statistical market modeling research, Dr. Steenbarger has written feature columns for MSN's money site (, many of which are archived at

Bibliographic information