The Daily Trading Coach
We have to talk about one of our favorite trading books! The Daily Trading Coach is one of many books written by author Brett Steenbarger and it provides excellent examples and tools to help traders actively strive towards their goals.
“As your own trading coach, you need to dig beneath the surface of problems to discover their origins. You’re looking for common themes that link your life experiences with your trading experience… such as rebellion against rules vs discipline…”
Check out our full discussion in the podcast below, including more of our favorite quotes and how we’ve adapted the advice into our own trading journeys and lives.
Steenbarger points out that every trader is an entrepreneur, your trading is your business. You are the owner and are responsible for the success or failure of your trading business. The Daily Trading Coach provides many tips to help you prioritize both your trading goals and your life - and become your own trading psychologist. The book is broken down into bite-sized pieces.
There are 101 lessons in The Daily Trading Coach. Each lesson will identify an everyday challenge that traders face, give readers an approach to meeting that challenge, with a specific suggestion for implementing that approach. The lessons cover a range of topics relevant to trading psychology and trading performance, including detailed and comprehensive instruction and methods to address performance flaws, reveal patterns so you can create and implement new, healthier and beneficial ones.
It was cool how Steenbarger included insightful self-coaching perspectives from other successful trading professionals as well. Specifically, the book aims to help you become your own trading coach, but its broader purpose is to help you coach yourself through life in general as well. The challenges and uncertainties you face in trading - the pursuit of rewards in the face of risks - are just as present in other aspects of our lives, as they are in trading. We hope you enjoy our chat about some of our favorite tips from this book’s practical set of experiences and tools for discovering and implementing our personal best.
The Daily Trading Coach has a 4.7 star rating on audible!
To listen to this book for yourself through our favorite resource for audiobooks & podcasts, go to: https://www.audible.com/pd/The-Daily-Trading-Coach-Audiobook/1663707014?action_code=ASSGB149080119000H&share_location=pdp
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