The Mental Game of Trading book cover

The Mental Game of Trading by Jared Tendler Summary

The Mental Game of Trading
Jared Tendler
4.25 (515 Reviews)
Psychology
Business
Finance
Overview
Key Takeaways
Author
FAQs

Overview of The Mental Game of Trading

Jared Tendler's masterclass unlocks trading's psychological battleground. With 4.15/5 stars from 3,000+ traders, this 2021 bestseller offers a proven system for conquering fear and greed. Ever wondered why elite traders credit mental clarity - not strategy - for their biggest wins?

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Key Takeaways from The Mental Game of Trading

  1. Jared Tendler's mental game system replaces emotional volatility with strategic focus
  2. Map emotional triggers to predict and prevent costly trading mistakes
  3. Discipline emerges from systematic habit-building not willpower alone
  4. Greed signals unaddressed flaws in confidence or risk management frameworks
  5. Fear reveals unconscious biases requiring cognitive reframing techniques
  6. Mental hand history analysis transforms emotional patterns into actionable data
  7. Process-oriented confidence beats result-dependent thinking for long-term trading success
  8. A to C-game analysis identifies performance gaps through emotional signaling
  9. Systematic issue resolution targets root causes not symptom management
  10. Trading psychology requires mastering three interconnected layers: technical, tactical, mental
  11. Emotional mastery converts anger into focused execution through pattern interruption
  12. Jared Tendler's performance flaws model exposes hidden belief systems sabotaging trades

Overview of its author - Jared Tendler

Jared Tendler, MS, LMHC, is the author of The Mental Game of Trading and a licensed mental health counselor renowned for his expertise in performance psychology. With over 18 years of experience coaching elite traders, professional athletes, and world-class poker players, Tendler’s work bridges psychology and high-stakes decision-making. His book, a cornerstone of trading psychology literature, combines actionable strategies for mastering emotional control, discipline, and confidence with insights drawn from his clinical training and hands-on work with institutional traders.

Tendler is also the bestselling author of The Mental Game of Poker series, which revolutionized mental training in competitive gaming. A former Head of Sport Psychology for esports giant Team Liquid, he has been featured on trading podcasts, Forex interviews, and industry conferences, cementing his reputation as a trusted authority.

His pragmatic, logic-driven methods are used by hedge fund managers, PGA Tour professionals, and poker champions to optimize performance under pressure. The Mental Game of Trading has become essential reading for traders worldwide, praised for its transformative approach to overcoming tilt, fear, and self-sabotage.

Common FAQs of The Mental Game of Trading

What is The Mental Game of Trading by Jared Tendler about?

The Mental Game of Trading is a practical guide to overcoming psychological barriers like fear, greed, and impulsivity that sabotage trading success. It provides a step-by-step system to diagnose emotional errors (e.g., cutting winners short, overtrading) and offers actionable frameworks like the A-Game Analysis and Inchworm Concept to build discipline and consistency.

Who should read The Mental Game of Trading?

This book is ideal for traders struggling with recurring execution errors despite technical proficiency. Novices will learn foundational mental strategies, while experienced traders gain tools to refine emotional control and decision-making under pressure.

Is The Mental Game of Trading worth reading?

Yes, it’s highly recommended for its structured, myth-free approach to trading psychology. Unlike generic advice, Tendler provides exercises, real-world case studies, and a focus on long-term behavioral change—making it a standout in the genre.

What are the main concepts in The Mental Game of Trading?

Key ideas include:

  • A-Game Analysis: Identifying optimal mental states for trading.
  • Inchworm Concept: Incremental improvement through focused repetition.
  • Emotional Root Causes: Linking errors like overtrading to fear or overconfidence.
How does Jared Tendler address fear in trading?

Tendler reframes fear as a signal to investigate deeper issues like lack of preparation or unclear rules. His system teaches traders to analyze fear triggers, adjust strategies, and build confidence through deliberate practice—not suppression.

What is the “Performance Process Cycle” mentioned in the book?

While not explicitly named in Tendler’s work (a concept from Steven Goldstein’s Mastering the Mental Game of Trading), similar principles apply: a structured loop of planning, execution, review, and adjustment to align actions with goals.

Does the book include real-world examples of traders overcoming psychological hurdles?

Yes, Tendler shares anonymized client stories demonstrating how traders resolved issues like revenge trading and analysis paralysis using his frameworks. These cases illustrate measurable improvements in profitability and consistency.

How does The Mental Game of Trading differ from other trading psychology books?

It avoids vague platitudes, offering instead a systematic methodology with worksheets and data-tracking tools. Tendler emphasizes that mental mastery requires skill-building—not just mindset shifts—making it more actionable than comparable titles.

Can the strategies in this book apply to investing or long-term trading?

Absolutely. While focused on active traders, concepts like emotional awareness, risk management, and process-oriented thinking are universally relevant. Investors battling impulsivity during market swings will find immediate value.

What criticism has The Mental Game of Trading received?

Some readers note the system demands significant self-discipline and time investment. It’s less suited for those seeking quick fixes, as sustainable change requires meticulous journaling and iterative refinement.

How does Jared Tendler’s approach compare to Steven Goldstein’s Mastering the Mental Game of Trading?

Tendler focuses on error diagnosis and corrective drills, while Goldstein explores philosophical frameworks like the Two Approaches Theory. Both emphasize process over outcomes, but Tendler’s book is more tactical for immediate application.

What quotes summarize key lessons from the book?
  • “Your mistakes are caused by unresolved emotions, not a lack of willpower.”
  • “Improving your mental game isn’t about eliminating emotions—it’s about learning to respond to them intelligently.”

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Key takeaways

1

Trading's Hidden Battlefield: The Mental Game

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Ever wondered why two traders using identical strategies can achieve dramatically different results? The answer isn't in technical analysis or market knowledge-it's in the mind. Unlike conventional trading psychology that simply advises "controlling emotions," the mental game approach recognizes emotions as valuable signals pointing to underlying issues in your trading approach. When fear disrupts your execution or greed clouds your judgment, these emotions aren't the problem-they're messengers alerting you to deeper flaws that need addressing. Think of it like having a persistent headache. Taking painkillers might temporarily relieve symptoms, but if the headache stems from eye strain, you need glasses, not just pills. Similarly, traders often create workarounds to manage emotional reactions-exiting trades early or moving stops to breakeven-but these are merely training wheels that limit profitability. The true solution lies in following emotional signals to their source and addressing the root causes. This perspective transforms how you view your trading experience. Instead of battling emotions, you learn to welcome them as informative guides. A surge of anger after a loss might reveal unrealistic expectations about your win rate. Anxiety before entering a trade might highlight gaps in your analysis process. When you correct the performance flaws causing emotional volatility, you'll find yourself naturally energized, confident, and decisive-not emotionless like a robot, but experiencing the right emotions at the right intensity to fuel optimal performance.

2

Mapping Your Emotional Landscape

3

Uncovering Root Causes: The Inchworm Concept

4

Understanding Greed: When Ambition Becomes Destructive

5

Mastering Fear: Trading's Uncertainty Challenge

6

Building Stable Confidence: The Foundation of Success

7

From Knowledge to Practice: Implementing Real Solutions

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