Mindtraps: Mastering the Inner World of Investing – Roland Barach

Book Overview

Mindtraps: Mastering the Inner World of Investing by Roland Barach surveys the psychology of investing, identifies emotional obstacles to success, and describes how to avoid common misconceptions about the stock market.

Book Outline

• Fear on Wall Street, or, “The Sky is Falling, The Sky is Falling”
• Greed; or Bulls and Bears Do Fine, Only Pigs Get Slaughtered
• Emotional Conflict; or, Torn between Greed and Fear
• Buy High, Sell Low; or, Do I Have It Backward?
• Other Emotional Mindtraps; or, Beyond Fear and Greed
• Personality Influences: Who You Are, and Not What You Know, Can Lead You Astray
• Attitudes: The Rose Color in Our Glasses
• Goals and Plans: Overcoming Emotional and Psychological Mindtraps
• Information Progressing; or, Caveman in the Computer Age
• Predictions: The Heart of Investing
• Predictive Mindtraps; or, How Mental Rules of Thumb Can Mislead Us
• Availability: What Comes Easily to Mind May Lead Us Quickly Astray
• Assessing Risk and Reward; or, Everyone Wants to Go to Heaven, but Nobody Wants to Die
• Hindsight and Overconfidence; or, If We Are So Smart, Why Aren’t We Rich?
• Conclusion; or, Mastering the Enemy Within

What Will You Learn?

• Getting deep into trading minds and dominant emotions.
• Practical insights through sharings by trading experts and experienced traders.
• How emotions are linked to certain trading statuses like bull or bear markets.
• Illustrated case studies and examples for better understanding.

Who Is This Book For?

The course has been designed for any trader in any instrument.