Morgan Housel's The Psychology of Money isn't a trading manual. There are no setups, no indicators and no stock picks in it. It's a collection of short stories about how people actually behave with money. As a day trader, I found it more useful than most trading books I've read, because almost every chapter describes a mistake I've made in front of a chart. As an Amazon Associate I earn from qualifying purchases. The core idea of the book fits in one line. Housel writes that doing well with money "has little to do with how smart you are and a lot to do with how you behave." That's the trading problem in a sentence. Most of us don't lose because we don't know enough. We lose because we break our own rules when we're scared, bored or on a hot streak. So instead of a chapter-by-chapter summary, this review pulls out five lessons from the book and turns each one into something you can use in your trading process. About the book. ...
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