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

www.peakcapitaltrading.com

First published in 2020

Andrew Aziz 2020 Vancouver Canada

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means without the prior written permission of the publisher, nor be otherwise circulated in any form of binding or cover other than that in which it is published and without a similar condition being imposed on the subsequent purchaser.

Aziz, Andrew

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

ISBN: 9798563454002

Imprint: Independently published

Cover Design by: Gladys Brunswick Guerra

Book typesetting by Nelly Murariu at pixbeedesign.com

DISCLAIMER

The authors, www.BearBullTraders.com , and www.PeakCapitalTrading.com (the Companies), including their employees, contractors, shareholders and affiliates, are NOT investment advisory services, registered investment advisors, or broker-dealers, and they do not undertake to advise clients on which securities they should buy or sell for themselves. It must be understood that a very high degree of risk is involved in trading securities. The Companies, the authors, the publisher and the affiliates of the Companies assume no responsibility or liability for trading and investment results. Statements on the Companies websites and in their publications are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable nor that they will not result in losses. In addition, the indicators, strategies, rules and all other features of the Companies products (collectively, the Information) are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented are for educational purposes only. Accordingly, readers should not rely solely on the Information in making any trades or investments. Rather, they should use the Information only as a starting point for doing additional independent research in order to allow them to form their own opinions regarding trading and investments. Investors and traders should always consult with their licensed financial advisors and tax advisors to determine the suitability of any investment.

Contents

Dedication

Alone we can do so little; together we can do so much. Helen Keller

This publication is wholeheartedly dedicated to the Bear Bull Traders and Peak Capital Trading communities of traders, who went above and beyond to share their personal failures and triumphs with us. Serving Bear Bull Traders and Peak Capital Trading has been the most humbling experience of our lives. Our members support and willingness to accept us as mentors has made us better traders, authors, and persons in life.

Thank you, Bear Bull Traders and Peak Capital Trading. Sincerely, thank you, each and every one of you.

Foreword

M uch like professional sports, trading is a high-performance activity. Traders need to be in their best possible state of mind both emotionally and psychologically, and their cognitive thinking must be free of bias or prejudgment. There is a fine line between calculated risk taking and gambling. Traders need to be aware of and in control of some of the basic and instinctive emotions (such as fear, stress, and anxiety) that have saved humans from dangers through the centuries but can be destructive in modern life. Psychological challenges in trading are not only constrained by our instincts, but also can be affected by the influences of peers, family and society in general. Similar to traffic jams, greed is a by-product of human civilization, and it can be extremely dangerous for traders without a keen understanding of the role and significance money plays in their lives.

The technology boom, along with widespread high-speed Internet use, social media, and new devices and apps, has made everyone with even just a passing interest an armchair expert in the world of investing or trading. While the financial markets once belonged exclusively to the elites of Wall Street, todays teenagers are now trading their parents accounts by utilizing complex financial instruments like Options or Futures. As trading becomes more widespread and more accessible, so do technical knowledge, tools, and platforms for trading. There are now more and more useful resources on trading than ever before. Andrew Aziz has previously authored several books on the technical aspect of trading. However, as he gained more experience, he realized that the silver lining in trading is not in technical knowledge, technology or better computers, but it is in the minds of the traders themselves. That is why he wrote this book to help traders use mental skills to maximize their trading performance.

I have been working with the Bear Bull Traders and Peak Capital Trading communities as their in-house performance coach/psychologist and have seen the kinds of challenges the trading communities face with the psychological aspects of trading. Andrew organized this book as a compilation of real-life stories from traders. As we read each chapter and learn from each experience, we can empathize with the pain and discomfort that these traders have felt. Andrew is a trader himself, and has personally experienced the emotional and psychological stress associated with sub-optimal and poor trading decisions. This firsthand knowledge has contributed to his success in organizing this book into an easily understood and often entertaining format.

I hope you enjoy reading this book as much as I have enjoyed writing this foreword.

Jonathan F. Katz, Ph.D.

Psychologist / Performance Coach

Managing Partner

High Performance Associates

www.hpa3.com

November 2020,

Austin, Texas

About the Authors

Dr. Jonathan F. Katz is a licensed psychologist and founding partner of High Performance Associates (HPA), a specialized team of performance coaches whose mission is to enhance and maximize the performance of individuals and teams. As an HPA partner, Dr. Katz has served as the performance coach for a broad spectrum of clients in the sports, trading, and business worlds.

Dr. Andrew Aziz is a Canadian trader and proprietary fund manager at Peak Capital Trading, a Forbes Council member, an investor, and a #1 best-selling author. He has ranked as one of the Amazon top 100 best-selling authors in the Business and Finance category for over four consecutive years His books on finance and stock market trading have already been published in eight different languages (English, Chinese, Portuguese, Russian, French, Spanish, Vietnamese, and Japanese).

An entrepreneur since childhood, Andrew actively invests in FinTech companies related to the development of AI for trading. He is the founder of Bear Bull Traders, an online community of independent day traders that is dedicated to make trading better for everyone. When not at his trading station, Andrew enjoys trail running, climbing, skiing, and high-altitude mountaineering. He is currently on a mission to climb the highest volcano and the highest peaks on each of the seven continents.