You will find experienced trading psychologists here. Even professional traders will work with a psychologist to help them get to the next level in their trading. Please do not underestimate the importance of psychology in trading. Professional trading psychologists can help you identify your problem areas and manage your emotions while trading. In addition, they will help you work to resolve common trading problems.
For example, holding losers, cutting profits short, overtrading, fear of taking a trade and fear of missing out, among others. Traders who have great trading strategies with precise entries and exits, money management, risk management, etc. will still fail if their psychology is flawed. Build the mind of a successful trader. If you are struggling to follow your plan or manage your emotions while trading contact professional trading psychologists.
Dr. Andrew Menaker is a licensed clinical psychologist with a PhD in psychology. Since 1995 he’s been a performance coach for top money managers and professional traders. In addition to his unique and practical approach to performance improvement and translating the latest neuroscience into practical application, what makes him special is that Andrew is recognized as an experienced and successful trader himself and is a recognized expert in emotion management and intuitive development.
Dr. Menaker is a global thought leader in his approach to market and trading psychology and is frequently asked to speak at conferences around the world. He’s been interviewed by major media outlets including The Wall Street Journal (click to read).
His coaching clients are among the top traders and PMs in the world. His work extends beyond trading, he’s also an experienced executive coach assisting CEOs and entrepreneurs with emotion mgt and his specialty, intuitive and creative development.
Dr. Kenneth Reid is a day trading coach with a Ph.D. in Clinical Psychology.
He has been a trading coach since 2002, working with aspiring amateur and professional traders, bank and hedge fund traders and the occasional Registered Investment Advisor. Dr. Reid has published articles in Forbes, SmartMoney and Trader Planet and has also appeared on CNBC.
More importantly, he trades stocks and futures every day, so he understand the challenges aspiring traders face from the inside out. Most day traders lose money, but a select few can take money out of the market at will. The difference is entirely due to psychological factors.
Rande Howell has more than 15 years of practice as a licensed A therapist and performance psychology coach. His work centers on how to break the fear-based, self limiting patterns to which the brain adapts us for survival and how to reorganize the self to a higher level of functioning. Â This is accomplished by learning how to manage biological fear (and its impact on thought) and thus access much more empowered parts of the self that shift our capacity for positive performance. (Most traders trade in a state of fear, so they never can open the possibility of performing on a higher level.)
Dr. Gary Dayton stands apart as a trading psychologist in his use of the Mindfulness-Acceptance-Commitment (MAC) approach to peak performance. This is a model of human behavior based on cutting-edge psychological research. In his thought-leader article, Fear Not: A Mindful Perspective for Traders published in Stocks, Futures, and Options Magazine (December, 2009), Dr. Dayton introduced traders to the practice of mindfulness to help them overcome fear and other unwanted trading emotions. He explained how mindfulness can help traders develop the concentration and focus needed to trade successfully. Dr. Dayton published another article in the June 2010 issue of SFO Magazine, Take Control of Your Trading: Focus on High-Value Actions, where he shows traders how to stay focused on critical trading actions rather than succumb to ‘emotional hijackings’ while trading.