Mastering Trading Psychology: Improve Your Trading with Firsthand Reports by Real-Life Traders

Amazing book to learn mistakes from other traders

I gave this book five stars, because it addresses a crucial topic in trading and there are only a few publications out there seriously covering trading psychology. The market is saturated with books on "proven" techniques, which often fail to deliver, and "Mastering Trading Psychology" deserves recognition for its more substantial contribution to the trading "genre."That being said, the book needs some serious copy editing. In my review of Andrew Aziz's "Advanced Techniques for Day Trading," which was also self-published, I suggested that collaborating with a publishing house would help improve the content and structure of the book and the current volume further proves my point.Though "Mastering Trading Psychology" is technically co-authored by Andrew Aziz and Mike Baehr, it relies heavily on contributions from various members of the BearBull Traders forum, whose excerpts are copy-pasted into the chapters with only minimal edits. Aziz reiterates the collaborative nature of the work on multiple occasions in the introduction, but that acknowledgment does little to fix the inconsistencies with language flow and prose. These first-person accounts are often repetitive and long-winded, resulting in an awkward structure and a format that is sure to frustrate the reader. (They also include too much praise for Aziz and Baehr, which should be cut down significantly to avoid a self-aggrandizing tone.)Moreover, the authors incorporate parts of Aziz's previous publications, at times word for word. The chapter on resilience in trading, for instance, features excerpts (p. 67-68) from "Advanced Techniques of Day Trading" borrowed directly from the previous volume. In the same chapter, the authors also duplicate an existing paragraph, reproducing a fragment from page 66 on page 69, which causes further confusion. Examples of similar blunders can be found throughout the book.I understand that self-publishing gives Aziz and Baehr a degree of autonomy, but the resulting lapses in structure and language are very unfortunate, especially given that the book has great potential. It covers a number of crucial topics, from emotional control while in a trade to sleeping habits, which I have found to be extremely helpful. This is also why I think this book should be picked up by traders looking to improve their game and is definitely worth the money. Nonetheless, I hope that Aziz and Baehr will put more effort into the editorial process of their next project and/or the next edition of this book. I look forward to learning from them in the future.

Personally, I liked a lot getting an insight beside the trading itself, involving things like lifestyle, nutrition, exercise, wellbeing and discipline in anything you are doing in your life, because I also share these thoughts!I could not agree more!Also, it is a really good thing to read the real testimonies.Good Book. Thanks!

Please refer to other Andrew books if you are looking for technical knowledge of trading.This book highlights trading mindset, what needs to be done, how to build and improve a trading system. This book is filled with numerous experiences of the trading community members highlighting their success and failures.

Been trading for 3 years now but just this last half of the year been focusing on psychology strictly and man do i love this book

Excelente libro, de muchísima ayuda para resolver los problemas psicológicos típicos de los traders. Super recomendado. La redacción es muy clara y entendible.

The book isn't bad. It covers many important concepts of trading psychology.However, at least 50% of this book is verbatim quotes from the students in Andrew Aziz's VIP trading group--LOTS of stories and anecdotes about what mistakes to avoid, etc. You could get the same experience by reading just about any subreddit or blog about trading psychology. I found myself skimming over large sections of the book because the stories felt very redundant. Aziz will write a few paragraphs about the dangers of averaging-down a trade, for instance, and then follow it with seven stories from his trading students about the dangers of averaging down. And these aren't summaries--these are verbatim quotes, copied from his trading group and pasted into his book. I hope his students are getting royalties.Multiple times in his book, Aziz mentions the late Mark Douglas, who wrote "Trading in the Zone" and "The Disciplined Trader." Both books are superior to this one--particularly "The Disciplined Trader."

I usually read a few pages of this book after a bad trading day or a big winning day/ streak when my heads getting to big. It’s full of story’s and messages from other traders that seem to go through the same trading phycology issues that I go through. As a beginner trader I think this book helps keep you grounded and stay focused on the big picture.