Wiley Trade Mindfully.

Anyone had read this book!

Emotional Hijackings
When emotions dominate our decision making, we become subject to emotional hijackings
episodes where your trading actions are completely emotion driven. Such
states are experienced by high levels of arousal, intense emotions, and an inability
to focus on anything but a narrow range of objects—usually current price ticks
and indicator fl uctuations. It is also important to recognize that, when in this state,
actions become rigid and restricted to a narrow range of patterned responses. As
seen in many of the brief trader case examples, traders seem to be able to take only
limited actions: cut a winning trade short, jump into a trade, fail to pull the trigger,
persist in holding a trade, and other singular actions. They are unable to initiate more
appropriate trading actions. When the hijacking is over, you feel as if something had
possessed you and you were not quite in control of yourself.

Emotional Intelligence
When under the spell of an emotional hijacking, we lose all semblance of emotional
intelligence.
understanding the emotions within oneself and in others is as valuable as—if not
more valuable than—intellectual ability (IQ) in achieving life success. Today, emotional
intelligence (EQ) is considered by psychologists every bit an intelligence, just
as IQ is.
persons who are emotionally intelligent exhibit more positive performance in work settings,
can temper the burden of their own stress, and can positively impact others in
stressful situations. They are less likely to engage in self‐destructive behaviors such
as alcohol or drug abuse.
Basic EQ skills begin with the ability to recognize and evaluate emotions. This includes
being able to identify emotions as a feeling state, how they may aff ect one physically,
and also being aware of the thoughts generally associated with certain emotions.
To develop EQ skills for trading, we fi rst need to break down and clarify unconstructive
emotions. We will do this in detail with fear shortly. Being able to recognize feeling
states in others is also a part of this basic EQ skill for traders. When the market is running
hot and abruptly begins rising parabolically with a surge of volume, the emotionally
intelligent trader will recognize not only the extremely high price levels but also
the extremely high emotions of market participants. These are the times when the market
is vulnerable to a reversal. Being attuned to the emotions of others in the market
can help identify trade opportunities; it gives you a diff erent perspective when thinking
about jumping into a market because it has been moving and you have been on the sideline.
The urgent feelings you are having in that moment are also being experienced by
many other market participants. The emotionally intelligent trader will recognize this
urgency not as a reason to jump into the market, but as a probable contrarian signal and
patiently allow the market to unfold and present a trade opportunity in the opposite
direction. This is one way of using the skills of EQ productively in trading.

I've seen that book and read a few chapters. It's largely about mindset and psychology which is a useful component of active trading.

However, I found "Trading In The Zone" and "Trading For a Living" more useful because they reveals both strategies and mindset. You need to see them both side-by-side to understand the market and yourself.

@natjay Thanks for suggestion!

One of the best things to do for fear,anxiety, and stress: Regular exercise.
Regular exercise can be a very potent antidote to strong feelings.
There is a strong link between exercise and our state of mind, and the effect is immediate. It is a simple and very effective way to regulate mood. In general, people who exercise regularly are less prone to mood problems than those who do not.Regular aerobic exercise was as good as medicine in treating this serious
mental illness.
As people become more accustomed to these physical symptoms through exercise,they become hardened and habituated to them. In other words, they become
more mentally tough when it comes to uncomfortable bodily sensations because they routinely accept them in exercise. What earlier was felt as disagreeable becomes perceived as innocuous with exercise.
Exercise itself is a form of stress, requiring effort and adaptation. It puts your body into better shape, which empowers it to better handle other stress, including
the stress from trading. Studies show that those who engage in a program of exercise have less physiological activation and intensity of common stress markers such as elevated blood pressure and heart rate as well as lower psychological markers of mood and symptoms of anxiety when confronted by stress. Exercise helps people adapt to stress. Those who persist in a regular routine of exercise also learn the same mental skills that help them to persist in holding a trade rather than cutting it short or delaying immediate gratification and holding back from jumping into a trade even though there is an urge to do so. In general, stress is a daily consideration in the trading environment and exercise will clearly help buff er you from its harmful eff ects. mentally, physically, and trading wise.
One of the most important is exercise elevates and balances neurochemicals.Exercise naturally increases serotonin, a neurochemical that has a calming eff ect on our mood and enhances our sense of security.
Physiologically, exercise reduces overall muscle tension, improves the cardiovascular system, lowers blood pressure, and lowers the resting tension of the major
muscle groups that are automatically activated in stressful situations. Exercise helps to reset the stress threshold. Through exercise, we harden the body and the brain to stress in a positive way. Exercise also has a psychological effect over and above making us feel better. Psychologically,we are actively doing something to cope with stress. We are taking action.
This gives us a sense of control over what we are able to influence. The combination of all these factors: increasing calming and mood enhancing neurochemicals in the brain, elevating our stress tolerance both physically and mentally, breaking down the feedback loop between muscle tension and fear, and generating efficacy over ourselves opens up the potential to take constructive action when in a trading situation that normally invokes stress or fear rather than the rigid, inflexible actions we might typically make. This can be potent for a trader hampered by fear and anxiety.
It is very hard to be a competent trader if you are plagued by anxiety each time you put on a trade or step up size. You can feel like a nervous wreck with
no control over your anxiety and trading. Your trading world and how you operate within it shrinks. You are likely to find yourself repeating the same rigid patterns over and over, unable to break free. You may begin to doubt yourself as a trader and even as a person. Adding to the anxiety are feelings of shame, sadness, and maybe hopelessness.
With exercise You may begin to see yourself as taking an active, rather than a passive approach to your trading. Things are not so hopeless. You can begin to lower sensitivity to anxiety, increase calming neurochemicals and hormones, increase your tolerance for stress.