Podcast appearances and mentions of brett steenbarger

Psychology for Quant Traders? Really?Quantitative futures traders like to think in code, not clichés—but Dr Brett Steenbarger makes a compelling case that mindset is part of the edge. In this interview, Brett argues that the same statistical rigor quants apply to markets should be applied to the grey matter behind the keyboard. Here's a guide for the advanced systematic trader who suspects “psy-stuff” might be more than motivational posters.The punch-line from Brett's research is simple: systematic trading is less “set-and-forget” and more Formula 1 pit-crew—engineering precision plus real-time human performance. Code finds edges; psychology keeps you creative enough to refresh them. Or, as one of Brett's blog posts puts it, “We can't run robust systems from brittle minds.” Not a bad mantra to stick on your trading monitor!#traderpsychology #tradermindset #tradinginthezone

Few people understand the minds of traders like Dr. Brett Steenbarger. As a psychologist who trades actively himself, he brings a rare combination of clinical expertise and practical experience to the world of financial markets. You might know him from his dynamic presentations at SMB Capital, where he breaks down the psychology of trading with remarkable clarity. His willingness to evolve his views over the years through his extensive work with professional traders and hedge fund portfolio managers, has shaped his own trading approach too.  His upcoming book, "Positive Trading Psychology," promises to share fresh perspectives drawn from these years of experience. Set for release this year, it adds to his already impressive collection of articles and books that have helped countless traders understand the psychological dimensions of market success. Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn about the "Devon Principle" from the master of trading psychology Dr. Brett Steenbarger & the crucial role that it plays in your ability to become a successful trader. You can read the full blog post by Dr. Brett Steenbarger here - https://traderfeed.blogspot.com/2006/12/devon-principle.html Your Trading Coach - Akil

The Legend of Trading Psychology In episode 488 of the Desire To Trade Podcast, we will be listening to the recording of an interview with the legend of trading psychology, Dr. Brett Steenbarger, discussing his journey from clinical psychology to trading. He highlights the significance of long-term success habits, the role of curiosity and continuous learning, and pathways to professional trading, including insights on how to get noticed by prop firms. The video is also available for you to watch on YouTube. >> Watch the video recording! Topics Covered In This Episode 00:00 Introduction 00:45 Dr. Brett's journey into trading psychology 02:23 Trading psychology and performance psychology 04:14 Working on improvement and growth for professional traders 07:42 Identifying strengths as a trader 09:30 Scaling up in trading 11:34 How to know when you're ready to scale up 12:12 Long-term success habits for traders 13:26 Knowing who will be a good trader 14:31 Similarities among traders 16:30 Developing mental stability as a trader 18:44 Working with discretionary traders 19:47 Pathways to professional trading 22:53 Getting noticed by prop firms 24:29 Where to find Brett Steenbarger (link below) and much more What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group! Desire To Trade's Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist One-Page Trading Plan (free template) Recommended brokers: EightCap (preferred Crypto and FX Broker) AxiTrader (use our link to get a special bonus) Desire To TRADE Academy About The Desire To Trade Podcast Subscribe via iTunes (take 2 seconds and leave the podcast a review!) Subscribe via Stitcher Subscribe via TuneIn Subscribe via Google Play See all podcast episodes What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group! How to find Brett Steenbarger Twitter (X) - @steenbab TraderFeed blog What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

For many, entering the world of trading is driven by the dream of freedom—specifically, the desire for financial independence and the ability to dictate one's own time and life choices. But have you considered the true cost of this dream? Are the rewards that come with pursuing this path worth the sacrifices required?This is a special Independence Day edition and I'm hosting a very special guest, an icon in trading psychology world – Dr. Brett Steenbarger – and together we are delving into a topic close to the hearts of many traders—freedom. Get FREE Trading Mindset Tips email series with easy and immediately actionable tips to help you break free from the failing cycle and build the mindset required for successful trading. Click HERE. About Dr. Brett SteenbargerDr. Brett Steenbarger, Ph.D., a Teaching Professor of Psychiatry and Behavioral Sciences at SUNY [sunie] Upstate Medical University in [syrakius] NY Syracuse, NY. Dr. Steenbarger is known for his expertise in brief therapies and multicultural counseling, teaching these subjects to doctoral interns in psychology and residents in psychiatry. With a background in clinical psychology from Duke University and the University of Kansas, he has published extensively, including over 50 peer-reviewed journal articles and book chapters on brief therapies in psychiatry. In 2003, Dr. Steenbarger shifted to a part-time faculty role to focus on finance, where he coaches traders and portfolio managers using short-term psychological methods. He has collaborated with numerous financial firms, authored five books, such as “Enhancing Trader Performance”, “The Daily Trading Coach", and “The Psychology of Trading” .Contact Dr. Brett Steenbarger:Twitter: @steenbab About Agnieszka WoodFounder and CEO of Ahead Coach, Trading Mindset CoachAgnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success. ____________________________________✉ Contact me: launchyourlife@aheadcoach.com____________________________________▶️ My website: https://www.aheadcoach.com/▶️ Twitter: https://twitter.com/Ahead_Coach▶️ Facebook: https://www.facebook.com/agnieszkawoodpage/

Uno de los libros que más me impactó hace años fue uno de Brett Steenbarger, reconocido psicólogo clínico y trader estadounidense que ha publicado numerosos artículos sobre psicología del trading, debido a su amplio conocimiento del control de las emociones. En ese libro describía que hay que operar en Bolsa del modo que lo haría un francotirador y esto es algo que siempre intento inculcar a todos los suscriptores de Ecotrader y lectores de elEconomista.es, que aprovecho para desearles unas felices fiestas.Piensen que si un francotirador se volviese demasiado agresivo y se aburriese esperando el tiro adecuado, saltaría de su escondite y comenzaría a disparar al enemigo sin ton ni son. La mayoría de tiros se desperdiciarían y el francotirador fuera de control sería rápidamente localizado y acribillado a tiros. Un buen francotirador espera al disparo ideal y sus herramientas esenciales son el sigilo, la visualización del entorno y un exquisito auto-control y juicio, que son virtudes que debería tener todo inversor en Bolsa.Desde hace semanas vengo insistiendo que para realizar nuevas compras en renta variable había que ser pacientes y esperar a tener una visión despejada del objetivo, algo que ya está ocurriendo a corto plazo gracias al techo que los principales índices mundiales establecieron en los máximos de hace dos semanas, donde concluyó el alza que nació a mediados de octubre.Análisis estratégico del EuroStoxx 50Tener identificado el origen y el fin de ese movimiento alcista, que en el caso del EuroStoxx 50 lo llevó de los 3.250 a los 4.035 puntos, me permite saber dónde se encuentra el objetivo o zona donde hay que enfocar la mira. En este sentido, lo ideal para obtener una ecuación riesgo/recompensa interesante sería asistir al menos a una corrección entre la mitad y dos terceras partes de esa alza. Les hablo de niveles como son los 3.645 / 3.520 puntos del EuroStoxx 50, que se encuentran a un 5 y 7% de distancia de niveles actuales.Ahí les recomendaría comprar manejando un stop en los 3.400 puntos, cuya cesión haría que aumentara el riesgo bajista de asistir a una caída hacia niveles donde cotizaban las bolsas europeas antes de la aparición en escena de la vacuna de Pfizer, esto es los 2.900/3.100 puntos del EuroStoxx 50, que es una hipótesis que no puedo descartar en la medida que el último rebote no logró batir la resistencia de los 4.050 puntos.Al otro lado del Atlántico todo sigue igual. Después de fracasar el Nasdaq 100 y el S&P 500 en sus respectivas directrices bajistas, que son las que vienen guiando de forma milimétrica las caídas desde noviembre y enero respectivamente, ahora todas las miradas deben estar puestas en el hueco que generaron al alza el pasado 10 de noviembre. El proceso de reconstrucción alcista que nació a mediados de octubre seguirá vivo mientras no se cierren estos huecos, para lo cual deberíamos ver al S&P 500 perder los 3.700/3.750 puntos y el Nasdaq 100 ceder los 10.800 puntos. Esos niveles pueden ser considerados entornos de compra agresivo teniendo claro que si se pierden habría que cerrar esas compras ya que en tal caso me parece que van a pintar bastos en este comienzo de año 2023.

Trader, author and performance coach Dr Brett Steenbarger discusses how traders can get an edge by applying innovation to their trading, including: The 2 levels of improvements traders can make, Why traders resist innovation and how to address hesitation to change, How to innovate by looking at what we do well, Why NOT trading can be an innovation for traders, Impacts of lifestyle and mindset on innovation, Why you should “limit your search” when looking for edges, The 2 qualities most shared amongst successful traders Plus, odds and backtesting market patterns, skill vs luck, testing in relevant market regimes, what successful traders focus on and much more!

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Đăng kí tài khoản sàn Binace để trade Bitcoin : https://www.binance.com/vi/register?ref=12289522 Đăng kí tài khoản sàn Exness để trade forex https://www.exness.asia/a/jeyr09nfjh BUY ME A COFFEE: hãy DONATE Paypal: blognhadaututhongminh@gmail.com Ví Bitcoin: 1CT3KUXrjLA5tFaUP9Grc8zJawah5eXj3w Ví ETH: ERC20 0x66f5285159f6cd291c977e96dcec50c7ff7bd2b0 Ví BNB: BEP20 (BCS) 0x66f5285159f6cd291c977e96dcec50c7ff7bd2b0

When the market knocks you down, how can you be like Rocky and get back up again? Mike & Melissa discuss trading endurance & what it means to prepare yourself for the many mental hurdles you’ll encounter along this trading journey. They are thrilled to be joined by Bestselling author & Top Trading Psychologist Dr. Brett Steenbarger to provide valuable insight on how to best mentally prepare yourself for trading success. In today’s Trader’s Mindchat Show episode you will learn: * How to leverage your current trading strengths and find trading and investing success in a challenging and ever-changing market conditions. * To apply the lessons Dr. Steenbarger has learned by working with highly successful traders and money managers. * Dr. Steenbarger’s ABCD Framework: Adapting to changing markets; Building emotional, cognitive, social, and personality strengths; Cultivating creativity; and Developing best practices across each phase of the trading process. #tradersmindchatshow #winthementalbattleoftrading Dr. Brett N. Steenbarger is a Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, New York. He is the author of The Daily Trading Coach, The Psychology of Trading, & Trading Psychology 2.0 all from Wiley. He is the author of the popular TraderFeed blog and currently writes a peak performance blog for Forbes. Dr. Steenbarger currently consults with a number of hedge funds, where he helps traders and portfolio managers maximize their performance. WHAT IS The Trader’s Mindchat Show??? Wealth is a journey, and this show is your Jumpstart to Trading Success! Hosted by MARA founder and top trading mindset coach Michael Lamothe and his wife, author Melissa Kuch Lamothe, together they will discuss the full spectrum of ways to improve your trading and your life. Joined by expert guests to help YOU trade like the Pro’s, revamp your mindset, balance life, family, and trading, & improve health & wellness. Connect with us on: • Website: https://marawealth.com • Instagram: https://www.instagram.com/michaelglamothe • Twitter: https://twitter.com/MichaelGLamothe • YouTube: https://www.youtube.com/marawealth • StockTwits: https://stocktwits.com/MichaelGLamothe • Facebook: https://www.facebook.com/MaraWealth/ • LinkedIN: https://www.linkedin.com/in/michaelglamothe

This is a ‘Rabbit Hole’ episode, where I explore the topic of ‘obstacles’ rather than the achievement of one particular person.  I seek to understand why some people are able to overcome and even grow from life’s challenges, and why others can’t, and, if this mindset can be cultivated? I speak to world renowned psychologist...

Dr Brett Steenbarger is a best selling author, columnist for Forbes and a Professor of Psychiatry and Behavioral Sciences at SUNY Syracuse. He is the most in demand performance psychologist in financial markets. His clients have billions of dollars under management and seek his strategies for peak performance. In this episode join Michael Q as he learns psychological techniques Dr Steenbarger uses to keep his clients calm and cool when the stakes are high and how you can apply them to succeed at the highest level. For more information on Dr Brett Steenbarger and his work visit https://traderfeed.blogspot.com/

Dr. Brett Steenbarger is the author of one of my favorite books "The Daily Trading Coach". He coaches/mentors top traders in several different prop firms including SMB Capital. He is a trader himself, and a clinical psychology professor. You will have plenty of takeaways in this episode so be sure to get a pen and paper. 

A clinical psychologist, active trader, writer and researcher. Served as Director of Trader development for Kingstree Trading. One of the leaders, if not the leader, in the trading performance field. Confessions of a Market Maker presents Dr. Brett Steenbarger

In this talk facilitated by Andrew Aziz, Dr. Brett N. Steenbarger (trading psychologist) and Mike Bellafiore (co-founder of SMB Capital) will discuss the benefits found in being part of a community of traders, including how membership in a trading community can be the best vehicle to help one learn and develop their skills. Mike Bellafiore will also share about mentoring and the methods that SMB's new traders are using in order to learn from more experienced traders. This podcast is an excellent resource in understanding how a proprietary trading firm looks for traders, as well as how they manage their risk and psychology with their in-house psychologist, Dr. Brett Steenbarger. Members of the Bear Bull Traders community were also able to ask Mike Bellafiore an Dr. Brett Steenbarger questions. You can learn more about Bear Bull Traders from here: https://www.bearbulltraders.com

Today's guests are Mike Bellafiore and Brett Steenbarger. Mike is the Co-founder of SMB Capital, a proprietary trading firm in New York City, and SMB Training, its trader education division. He is also the author of the “trading classic” One Good Trade and The PlayBook. As an international lecturer, Mike has built trader trading programs globally for hedge funds, prop trading desks, and retail traders and personally coaches select elite traders outside his firm. Besides having his company’s trader training program highlighted in the TV documentary Wall Street Warriors, Mike has also appeared regularly on CNBC’s Fast Money, CNNMoney, Bloomberg, and Fox Business. Dr Brett Steenbarger, Ph.D is a Teaching Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, New York, while working as a performance coach for a variety of portfolio management and trading firms. Over the years, Brett has written many classic trading books including The Psychology of Trading (Wiley, 2003), Enhancing Trader Performance (Wiley, 2006), The Daily Trading Coach (Wiley, 2009), Trading Psychology 2.0 (Wiley, 2015), and Radical Renewal (2019).

Psychologist and Trading Coach Brett Steenbarger, Ph.D. discusses his views on trading psychology and identifying market tops and bottoms. How can spirituality affect your trading, and what relationship does technical analysis have with market psychology? Find out the answer to these questions and more on this episode of Trading Global Markets Decoded.

Short cut your trading learning curve with Dr Brett Steenbarger part 2  on how to become an elite trader. Mindpower – Louise Bedford Trading psychology is SO important. If you want HIDEOUS results from the market do these things: Be captain random and don’t use a written trading plan Play the blame game Let fear drive you Let your ego run amok. To get the big bucks in the markets you have to be consistent responsible and brave and have excellent trading psychology.  Money is attracted to emotional maturity and your level of financial satisfaction will rarely exceed your level of personal development.   Brett Steenbarger In this interview, we discuss how to deal with drawdowns in the markets so they don't traumatise us (5.45 mins) and with a psychologist of Brett’s calibre I had to broaden this question and ask him how to deal with drawdowns in life. (9 mins) We look at the massive advantage prop firms have in trading performance (10.30 mins) and the importance of a trading ‘family’ in getting results. At (15.05 mins) Brett looks at the value of reverse engineering your winning trades and studying what you have done well. As he says ‘The expert trader is inside of you.’ I couldn’t let Brett go without asking him about discipline and the importance of structure. (16.15 mins) I loved interviewing him. To find out more about Dr Brett Steenbarger go to traderfeed.blogspot.com or google his articles in Forbes magazine. To read Brett’s book Radical Renewal go to leadingrenewal.blogspot.com  

Dr Brett Steenbarger is a trading performance coach at some of the world’s leading hedge funds and propriety funds. Hear what makes an elite trader and how you can be one. Mindpower Calm your anxiety – immediately Learn this great technique to relieve trading anxiety and restore your equilibrium so you can trade to your potential.     Dr Brett Steenbarger Dr Brett Steenbarger is a world-renown performance coach for hedge fund portfolio managers and traders, he is a regular columnist to Forbes Magazine and has written several books on the psychology of trading. Hear how “good trading comes from the soul, not the ego” (5.50mins). At 7.25 mins hear how successful traders ‘listen’ to the markets and how Steenbarger’s first turnaround in the markets came when he viewed them as 'communication', as if he was doing therapy and it was a relationship of empathy and understanding. At 10.20 mins hear what is it that Steenbarger looks for when he is helping Wall Street hedge funds hire traders and the essential element is that a successful trader knows and can describe in detail what they do well. Then hear why it is fundamental to celebrate your winning trades (14.30 mins) and then how to forgive yourself for a loss. To find out more about Dr Brett Steenbarger go to traderfeed.blogspot.com or google his articles in Forbes magazine. To read Brett’s book Radical Renewal go to leadingrenewal.blogspot.com  

When Good Isn't Good Enough with Dr. Brett Steenbarger | How To Trade Stocks And Options Podcast Go to https://www.wallstreetssecretweapon.com/ to get Wall Street's Secret Weapon for FREE and take the FREE Master Class right now! Dr. Brett Steenbarger is one of the most sought-after performance coach for traders. It is a true honor to have him on the podcast today! Check out Dr. Steenbarger's Blog here: http://traderfeed.blogspot.com/ Grab all of Dr. Steenbarger's Books today so you can start trading smarter! The Psychology of Trading: https://amzn.to/2oG9YNk The Daily Trading Coach: https://amzn.to/2C8i3xu Trading Psychology: https://amzn.to/2qhrPe2 Enhancing Trading Performance: https://amzn.to/2oOwXWI My Name is Christopher Uhl and I'm an Award Winning Trader, Entrepreneur, Author, Podcaster, Speaker, and Coach that partners with entrepreneurial traders and everyday investors looking to get ahead around the world to help them change their financial futures. Follow these steps to get started on your journey to becoming a 10 Minute Trader too! Step #1: Get the 100% FREE secret weapon that investors all over the world are using to start changing their financial future here: https://www.triplestockprofits.com Step #2: Want to See How We Use Artificial Intelligence To Get Win Rates As High as 90%, Without Wasting Any Time on Useless and Obsolete Technical Analysis... Go Right Now to https://www.tryfinclub.com and see for yourself how they take the guesswork out of trading! Step #3 Do you have the premier options trading broker? If you have any other broker, I want you to stop and go to https://www.trytastyworks.com right now. I have an incredible offer for you, just sign up for a FREE account with Tastyworks using offer code 10MINUTE and I will give you nearly $1,500 in FREE bonuses just for creating a FREE account! It doesn't get any easier than that! Step #4 This Is The BEST Charting Platform I've Ever Used, Get 20% Off Your First Year! TRENDSPIDER - The Future of Trading Software https://trendspider.10minutestocktrader.com Step #5 Get A FREE Copy Of The Book I Use As My Business Plan To Grow From Zero to Seven Figures... Expert Secrets - Find Your Message, Build A Tribe, And Change The World... https://expertsecrets.10minutestocktrader.com Step #6 Connect on Social Media Instagram: https://www.instagram.com/10minutetrading Twitter: https://www.twitter.com/10minutetrading Facebook: https://www.facebook.com/10minutestocktrader LinkedIn: https://www.linkedin.com/in/christopher-uhl --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Spreads and commissions mean you are in a losing position as soon as you enter a trade. Some very human responses can then exacerbate the situation, causing you to snatch at profits and run losses. Brett Steenbarger, trader, author and Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University, and IG Analyst Chris Beauchamp discuss tools and techniques for mastering markets with IGTV's Victoria Scholar. Any opinions, news, research, analysis, prices or other information contained does not constitute investment advice.

Clinical psychologist, trader and author of The Psychology of Trading,  Brett N. Steenbarger, Ph.D. joins the Optimus Futures Podcast and has a discussion with Matt Z about trading psychology, the mental game of trading, and decision making. Dr. Steenbarger's Books: https://www.amazon.com/Brett-N.-Steenbarger/e/B001IGSOBM%3Fref=dbs_a_mng_rwt_scns_share Dr. Steenbarger's blog - TraderFeed: http://traderfeed.blogspot.com/ Dr. Steenbarger's recent blog book - Radical Renewal: https://leadingrenewal.blogspot.com/

In this episode Dr Brett Steenbarger shares his profound insights from a career working as a psychologist with traders at some of the world’s leading hedge funds and proprietary trading firms. Brett Steenbarger is one of the best minds in the field of trading and investment psychology. There are so many great insights in this episode that you may want to take notes, possibly re-listen and ultimately try to internalise some of the lessons into your own trading behaviours. Dr Steenbarger talks about the similarities between trading, the medical profession and the military specials forces where people are inundated with vast amounts of information and complex rapidly changing situations and environments. Dr Steenbarger also talks about his new project, an online book called ‘Radical Renewal’, which focuses on the spiritual aspects of trading and investment. This is a fascinating project which looks at how people can harness insights from spiritual fields to improve how they deal with the challenges posed by the clash between the ‘self’ and the 'ego'.This conversation expands into a profound discussion on the spiritual aspects of trading and touches on themes such as positive psychology, how to better yourself, how to focus on your strengths and how to use this to get into the zone where you can be at your most effective.

“How balanced is your life portfolio? If one area of your life were to not work out, how vulnerable would you be? When is the last time you rebalanced your life's portfolio? When have you last expanded your life portfolio?”Dr. Brett Steenbarger is a trained psychologist, trading coach, author and blogger at TraderFeed. Tadas got Dr. Brett on the phone to talk about a recent post of his entitled “Why Diversification Works in Life and Markets” where he discusses the importance of having a diversified life portfolio to offset some of life’s inevitable ups and downs.You can read more about Dr. Brett at his blog TraderFeed and Forbes:https://www.forbes.com/sites/brettsteenbarger/2019/05/27/why-diversification-works-in-life-and-markets/Enable our Alexa skill here - "Alexa, play the Compound show!"https://www.amazon.com/Ritholtz-Wealth-Management-LLC-Compound/dp/B07P777QBZTalk to us about your portfolio or financial plan here:https://ritholtzwealth.com/Obviously nothing on this channel should be considered as personalized financial advice just for you or a solicitation to buy or sell any securities. Please see this 3,000 word terms & conditions disclaimer if you seriously need this spelled out for you.https://thereformedbroker.com/terms-and-conditions/ See acast.com/privacy for privacy and opt-out information.

In this “Best of Limit Up!” rebroadcast, hear Dr. Brett Steenbarger discuss his latest book, Trading Psychology 2.0, as well as some of his best tips on avoiding common pitfalls and how to keep a trading journal as a way to learn from trading mistakes. Dr. Brett Steenbarger is a multifaceted trading coach that specializes in the psychology of trading, having published four books and maintaining a blog on the subject. He also holds the position of Clinical Associate Professor at The State of New York College in Syracuse, New York. [03:56] What makes the best traders the best[05:57] Being self-aware in trading performance[07:36] Red Flags[11:42] Passion for trading vs. passion for markets[14:54] Core elements for a successful trading journal[24:07] Work, family, and personal life balance[24:47] Trading psychology 2.0 as an update on first book[25:36] What’s changed his thoughts on applied trading psychology[27:47] Open outcry vs. electronic trading[29:39] Common pitfalls: overtrading[31:20] Common pitfalls: not sticking to lost limits[33:06] Common pitfalls: overconfidence[34:56] Common Pitfalls: accepting losses[37:21] Dwelling on losing trades[38:56] One thing you’d tell your past self about trading[41:55] How to detach from markets[43:04] Growing a small trading account[44:40] Impatience in trading[45:58] Most important characteristics of a traderCheck out Dr. Brett Steenbarger’s Blog at http://traderfeed.blogspot.com/ and on Twitter @steenbabEditing & Post-Production by Dante32.

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world. “You make sacrifices day in and day out to learn and improve, not knowing when success will come but you have to take the short term loss for a longer term gain.” - Tonino Gonzaga We’re not here to talk about trading today - you have been warned. We’re here to delve into the minds of professional athletes and to find out what kind of conditioning it takes to achieve ultimate results. Dr. Brett Steenbarger, himself, wrote an article for Forbes that said, “The development of trading expertise is not so different from the development of elite performance in athletics.” Thus, we’ve brought in our star players, Kyle Dandan and Tonino Gonzaga, two of our graduates from the Caylum Recruitment Program and who are now traders under COL Financial’s Independent Financial Advisory group. So while Kyle and Tonino talk about sports, we’re going to directly translate what they have to say into terms that our professional traders can relate to: 1. It starts with passion. Trading as a career must be voluntary, not forced. You cannot opt to become a professional trader just because it is the current trend, the market is up, or because people say you can make easy cash quick. With that kind of mindset, you will be out of the game within less than a year. 2. Preparation is everything. If you’re not ready physically, mentally and emotionally to trade, you’re never going to win. 3. You need a team, a support system to improve your skills and reach that level of performance. They will hold you accountable and they will look at your trades without bias. 4. Review your tape. We’ve said it time and again - keep a record of your trades, track your profit and loss, measure your statistics. Find your best and worst setups. 5. Ang pikon, talo. Nothing to translate here - ang pikon, talo talaga. 6. Slumps happen. You cannot just give up. Continue to be religious with your routine to improve daily because even if you’re not getting the results that you want now, the process will matter in the long run. 7. Accept your role and tame the ego. The Best Trader, the Superstar, the Champion - these are nothing but titles and labels that do not define the performance of your portfolio. If someone makes a windfall profit and you miss out, or others are particularly stronger when it comes to momentum plays and speculation, that doesn’t make you any less of a trader. The only person you have to compete against is yourself. Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute. 
www.cayluminstitute.com --

 Record Date: FEBRUARY 26, 2019 

Introduction Music: (credits to)Vodovoz Music Productions on YouTube

Financial trading is challenging work, requiring a high degree of focus, discipline, and analytical ability. In this week's episode I spoke with psychologist Dr. Brett Steenbarger, who specializes in the psychology of trading. Brett describes the habits of thought and action—many of them drawn from cognitive behavioral principles—that help traders perform at consistently high levels.

Financial trading is challenging work, requiring a high degree of focus, discipline, and analytical ability. In this week's episode I spoke with psychologist Dr. Brett Steenbarger, who specializes in the psychology of trading. Brett describes the habits of thought and action—many of them drawn from cognitive behavioral principles—that help traders perform at consistently high levels. I learned a lot from our discussion, as someone who's almost entirely naive about the trading world. We explored many topics, including: The difference between trading and investing How traders make money The mental abilities like pattern recognition that make for skillful trading Mental and emotional challenges that traders face The downside of perfectionism and hindsight bias for traders The relevance of CBT principles to dealing with self-talk in trading Treating losses as learning opportunities The problem with assessing one’s personal value based on the ups and downs of trading How traders can prevent burnout The importance of building a highly fulfilling life outside of trading Being “emotionally diversified” for long-term success Buying and selling for non-rational reasons (“Overtrading”) Solution-focused strategies The value of a strength-focused approach to trading Finding flow as a trader How to guard against being over- or under-confident Responding to changing market patterns How investors can stay flexible and adaptable Self-awareness and trading journals The problem with trading in “fight-or-flight” mode Managing excessive fear when trading When a trading problem reflects a bigger life problem The threat that frustration poses to trading, and how to manage it The irrationality of “revenge trading” Developing self-awareness of thoughts and feelings Learning to be one’s own trading coach The value of meditation during the trading day How traders can reduce distractions and increase concentration The effects of fatigue on concentration and performance Is trading for everyone? The difficulty and low success rates in making one’s living from trading Brett referred to his blog, which has a ton of useful information for traders—including guidance for handling "turmoil and opportunity in markets" (which seems to capture our current situation). You can find it here: TraderFeed. Brett N. Steenbarger, PhD, grew up in Canton, Ohio, receiving his BS from Duke University and his Ph.D. in Clinical Psychology from the University of Kansas. He has been actively involved in the financial markets since the late 1970s. Brett has served as Director of Trader Development for Kingstree Trading, LLC, in Chicago and consults with traders in a number of professional trading organizations. He is also Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY. Drawing upon an intensive research program that began in 1998, Brett has created a number of unique measures of market trend, momentum, and institutional activity designed to aid short-term traders. These measures—and the trading strategies derived from them—have been chronicled daily in the TraderFeed blog. A clinical psychologist and active trader, writer, and researcher, Brett is the author of Enhancing Trader Performance (Wiley, 2006), The Psychology of Trading (Wiley; 2003), and numerous articles on trading psychology for print and online financial publications. (Please note that a percentage of purchases made through these affiliate links will be used to support the podcast, at no additional cost to you.) His book chapters on brief psychotherapy can be found in such reference works as The Psychologist's Desk Reference, Encyclopedia of Psychotherapy, Clinical Strategies for Becoming a Master Psychotherapist, and Kaplan & Sadock's Comprehensive Textbook of Psychiatry and The Handbook of Clinical Psychiatry. His coedited book,

Having Trading Psychologist Dr. Brett Steenbarger on the podcast was a huge treat for me. He works with the best traders on planet earth on a daily basis. Needless to say, when Dr. Brett is telling me something, I want to listen. In this episode, he let me ask him all the questions I was curious about and he happily answered them all with solid advice and relevant anecdotes. We make a lot of mistakes as investors because of our many flaws as humans. When our stress levels are elevated we start acting emotionally, instead of rationally. Taking losses is a difficult task for us, even though we all know that losses are part of the deal. I really enjoyed this conversation and it could have gone on forever if I didn't end it. I hope you get as much value from this chat as I did.   Click here to return to the episode page

Having Trading Psychologist Dr. Brett Steenbarger on the podcast was a huge treat for me. He works with the best traders on planet earth on a daily basis. Needless to say, when Dr. Brett is telling me something, I want to listen. In this episode, he let me ask him all the questions I was curious about and he happily answered them all with solid advice and relevant anecdotes. We make a lot of mistakes as investors because of our many flaws as humans. When our stress levels are elevated we start acting emotionally, instead of rationally. Taking losses is a difficult task for us, even though we all know that losses are part of the deal. I really enjoyed this conversation and it could have gone on forever if I didn't end it. I hope you get as much value from this chat as I did.

Spreads and commissions mean you are in a losing position as soon as you enter a trade. Some very human responses can then exacerbate the situation, causing you to snatch at profits and run losses. Brett Steenbarger, trader, author and Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University, and IG Analyst Chris Beauchamp discuss tools and techniques for mastering markets. See acast.com/privacy for privacy and opt-out information.

Hosted by Edmund Lee, President & CEO of the Caylum Trading Institute, Short Stops is your weekly stock market update featuring the top trading news, tips and stock picks in Metro Manila and around the world. "The traders who are uncoachable are the ones who refuse to seek a coach out to begin with." - Dr. Brett Steenbarger (https://traderfeed.blogspot.com/) This one is for our guys. Our junior and senior traders. Our team leaders and trainers. The ones who walk into the office every morning with the determination to make money but with an even greater desire to continue learning, adapting and growing with this market. Mike said it best - you need to love what you do but more importantly, you have to want to get better and better at it every single day. It's a performance sport. You are, in so many ways, an athlete. You have to work hard, show up and strive to be the best. "Even successful traders need to keep learning and we need to give them that space to grow. Whether you're making one million dollars or three million dollars a year, it shouldn't stop there." - Mike Bellafiore, co-founder of SMB Capital (http://smbcap.com/) In this episode of Short Stops, our Director of Marketing & Operations, Eleanore Lee-Teo, flies out to New York City after being granted an exclusive interview with clinical psychologist & performance coach, Dr. Brett Steenbarger, as well as the Mike Bellafiore, co-founder of SMB Capital, one of the leading proprietary trading desks in the city. With a focus on developing elite traders in the industry, these are only a few of the insights shared by these trading greats: - The value of having a Purpose - Why training is important - how to increase your odds of success and what can you can do to maximize that - "You have to trade like I do." - One of the worst messages that a coach can relay to their team - "The best traders focus on the process and not just their P&L. The best traders are never satisfied. They want to get better and better everyday." - Develop a Playbook - Find your Best Setups - Statistics Don't Lie - Why reviewing and recording the trades that you make is essential - Adaptability and Consistency. Adaptability and Consistency. We cannot stress this enough. - The Stages of Trader Development (Learning, Consistency, Sizing, Expanding your Playbook and Sophistication) There is so much more wisdom to be gained. If you would like to learn more, their books will be highly recommended tools to place in your arsenal. Dr. Brett Steenbarger is the author of The Daily Trading Coach, The Psychology of Trading, Enhancing Trader Performance and Trading Psychology 2.0. Mike Bellafiore is the author of One Good Trade and The Playbook. They have also been featured on multiple podcasts and media spots such Bloomberg, CNN Money and BBC. Get your next trading insight and find your baggers right here on Short Stops. Powered by the Caylum Trading Institute. www.cayluminstitute.com -- Record Date: NOVEMBER 1, 2018 Introduction Music: (credits to)Vodovoz Music Productions on YouTube

This past weekend I was down in San Diego for the annual Trade Ideas Summit. I gave a presentation earlier in the day, which you can watch here, and then sat on panel later in the afternoon with some really smart guys. So I thought it would add value to share this conversation with everyone. My good friend Sean McLaughlin, who is also the Chief Options Strategist at Allstarcharts.com moderated the panel, which included Brian Shannon and Dr. Brett Steenbarger. This conversation revolves a lot around process. Dr. Brett gave us a ton of insight as to what we can do psychologically to help us perform better. Brian is someone who I've been learning from since 2005, so it was a real treat to be sitting up there with these guys. Here is the panel discussion in full:

This past weekend I was down in San Diego for the annual Trade Ideas Summit. I gave a presentation earlier in the day, which you can watch at allstarcharts.com/blog, and then sat on panel later in the afternoon with some really smart guys. So I thought it would add value to share this conversation with everyone. My good friend Sean McLaughlin, who is also the Chief Options Strategist at Allstarcharts.com moderated the panel, which included Brian Shannon and Dr. Brett Steenbarger. This conversation revolves a lot around process. Dr. Brett gave us a ton of insight as to what we can do psychologically to help us perform better. Brian is someone who I've been learning from since 2005, so it was a real treat to be sitting up there with these guys.

Dr. Brett Steenbarger has helped thousands of traders take their performance to the next level. He's worked one-on-one with billionaire hedge fund managers and coached thousands of traders at various proprietary trading firms. In this interview with Topstep's Eddie Horn, Dr. Steenbarger shares important lessons that he's learned from those traders and through his own trading. If you have a passion for markets, you have to give this interview a listen.

Guest: Dr. Brett Steenbarger Clinical Associate Professor of Psychiatry & Behavioral Science Record Date:  7/16/18 Listen on —> iTunes Listen on —> SoundCloud Topics: Dr. Steenbarger’s latest Projects Traders Mindset when attending Live Events Three Strategies for Accelerating Your Development as a Trader Common Elements of Successful Traders at SMB Capital Hybrid Traders Guest Resources:   Twitter Website […]

Guest: Dr. Brett Steenbarger Clinical Associate Professor of Psychiatry & Behavioral Science Record Date:  7/16/18 Listen on —> iTunes Listen on —> SoundCloud Topics: Dr. Steenbarger’s latest Projects Traders Mindset when attending Live Events Three Strategies for Accelerating Your Development as a Trader Common Elements of Successful Traders at SMB Capital Hybrid Traders Guest Resources:   Twitter Website […]

Jaką rolę w procesie decyzyjnym tradera odgrywają emocje? Czy aby podejmować trafne decyzje, należy je tłumić czy też analizować? Dr Brett Steenbarger jest psychologiem prowadzącym sesje coachingowe dla traderów oraz zarządzających funduszami hedgingowymi w Stanach Zjednoczonych, Europie i Azji. Jest również autorem pierwszej wnikliwej analizy tradingu z punktu widzenia wiedzy psychologicznej, wydanej w formie ksiązkowej pod tytułem The Psychology of Trading (Psychologia Tradingu), a także książek The Daily Trading Coach (Codzienny doradca tradera) i niedawno opublikowanej Trading Psychology 2.0 (Psychologia tradingu 2.0). W tym wywiadzie opowiada o znaczeniu elastyczności poznawczej i otwartego umysłu oraz wyjaśnia, dlaczego kreatywnośc i satysfakcjonujące życie prywatne są tak ważne w pracy tradera.

Ep. 102 - Mr Trading Psychology; Must Listen Dr Brett Steenbarger InterviewThis week on episode 102 of the Two Blokes Trading podcast: Our legendary guest Dr. Brett Steenbarger serves up a superb mix of knowledge bombs and F bombs while providing must listen thoughts and pointers for traders at all levels. Guest Interview:   Dr. Steenbarger is a Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, New York. He has worked as a performance coach for hedge fund portfolio managers and traders at some of the most well-known financial institutions in the world. He is also the author of several best-selling books on trading psychology that we have listed below.  As the author of the http://traderfeed.blogspot.com/  he covers the psychology of traders and markets, emphasizing recent research and application in psychology and behavioral finance. Check out his full bio here:  https://www.blogger.com/profile/11988667917563876202 Dr. Brett was kind enough to write a blog post about one of our audience questions.  Check it out below: http://traderfeed.blogspot.ca/2018/04/a-deeper-look-at-emotions-and-trading.html Main Topics Discussed: We learn all about Dr. Steenbarger’s credentials (spoiler alert….He’s done some epic stuff;) He leads us down the path of when he decided that working with traders was for him. Hint; it involves flying computer mice, payouts, and a wh0$e. Shifts in market regimes and changing of trends. A huge emerging theme of adapting to shifts in markets. Trending, emerging, range bound, mean reversion, low and high volatility…. Why traders don’t do a good job of detecting shifts within market regimes and the stress it causes. Most problems are not primarily psychological; they tend to be caused by not recognizing and adapting to the market shifts. Working with traders to help identify what type of trading environment we are in. All about using Relative Volume (rVol) to understand when market moves are likely to keep moving or stall out. How to understand the NYSE Tick ($TICK) How to blend rVol and $TICK to understand the current trading session. Why people have psychological issues with trading. Sticking to your system guarantees that you faithfully continue to do the wrong thing. Why having a play book is a good thing. How to not think in terms of “time” when trading and how to show this on your charts. Sometimes having an edge comes from looking at old things in new ways. Is there a way to emotionally learn to hold on to a trade to larger target after seeing it go against you a few ticks? Listen in for the Answer! Strategies to deal with watching your profit in an open position move against you. What makes people participate in manias or bubbles like cryptocurrencies even though it’s obvious there is not enough value to warrant the price? Listen in for the Answer! Trading using momentum. Understanding the dominant cycles within the markets. What are the main differences psychologically between big fund traders and retail traders? Listen in for the Answer! What pressures do asset and portfolio managers face. What are some of the regular psychological challenges that the big money traders face? Listen in for the answer! What is the most effective way to emotionally detach yourself from a trade? Is this even a good thing to try and do? Brett goes pretty deep here and you can read his blog post about this very question: http://traderfeed.blogspot.ca/2018/04/a-deeper-look-at-emotions-and-trading.html How losses become threatening. Unreasonable Goals and the reasons behind them and some solutions. Trading is a performance based activity and it takes time to get through the learning curve to become the best. Hope versus rational planning. The big threat is not failing to succeed in the markets; it’s failing to...

Ep. 102 – Mr Trading Psychology; Must Listen Dr Brett Steenbarger Interview This week on episode 102 of the Two Blokes Trading podcast: Our legendary guest Dr. Brett Steenbarger serves up a superb mix of knowledge bombs and F bombs while providing must listen thoughts and pointers for traders at all levels.   Guest Interview: …

The Daily Trading Coach What a difference a week makes! Since Episode 30, wherein hosts Tim Bohen and Stephen Johnson began discussing a series of themes from the book The Daily Trading Coach by Brett Steenbarger, a lot has changed in the stock market. With that in mind, while Episode 31 is ultimately dedicated to […] The post Ep 31: The Daily Trading Coach, Part 2 appeared first on SteadyTrade.com.

How are emotions involved in the decision making process of a trader? Do traders set aside their emotions or analyse them to make better decisions? Dr Brett Steenbarger is a psychologist and a performance coach who counsels traders and hedge fund portfolio managers in the US, Europe and Asia. He wrote the first definitive book on The Psychology of Trading, along with The Daily Trading Coach, and his latest offering, Trading Psychology 2.0. He discusses the need for traders to have cognitive flexibility and open-mindedness, and explains why cultivating creativity and a life outside the trading room is essential to the work inside it. For more exclusive content go to www.TheArtfulTraderPodcast.com. The Artful Trader is an original podcast series by CMC Markets. Each episode, host Michael McCarthy will interview one of the industry's greats about their journey to mastering the art of the financial markets. The information in this podcast is general in nature and should not be taken as financial advice.

Look in the mirror and you will find your greatest ally and your mortal enemy. You will find someone who will play tricks on you, appeal to your worst emotions, but who holds the keys to your trading success. This week, we explore the psychology of trading with leading performance psychologist, Brett Steenbarger, and 40-year trading veteran and classical charting legend, Peter Brandt. In ‘Things I Got Wrong’, Rick Rule, President and CEO of Sprott U.S. Holdings, shares what he got wrong early in his career when he confused a bull market for brains. Learn more about your ad choices. Visit megaphone.fm/adchoices

On the TV show "Billions," one of the most important characters is Wendy Rhoades, the psychologist at Axe Capital who helps traders get out of their slumps. What viewers may not realize is that the job exists in real life. On this week's Odd Lots, we speak with Brett Steenbarger, a professor at SUNY Upstate Medical University and author of several books on trading psychology. Steenbarger, who has worked with several funds, explains to us what he actually with traders and how is work is similar to and different from the fictional TV character.

In episode 93 of the Desire To Trade Podcast, I interview Stacey Burke, a Forex trader who has learned about trading the hard way while blowing up some small accounts and making all the mistakes most losing traders make.  Through that process, however, he has able to identify where the real problems were in his trading and how he could finally turn the corner to become one of the few profitable traders. Coming from a sporting background in ice hockey and Ironman triathlon, hard work and a competitive nature are some of the attributes he believes are necessary to succeed in Forex trading. Stacey gives credit to other great traders for his success. Brent Penfold's advice on being "the best loser", but he also implemented things in his daily routine to help him continually keep getting better at the process of trading. Like Mike Bellafiore says "how good can we get?" Here's a key takeaway: "Trading mastery is a journey, not a destination. Focus on constant progress, NOT perfection." (click to tweet!) I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews. Share This! Top Quotes From This Interview “If you know the enemy and know yourself, you need not fear the result of a hundred battles." - Sun Tzu "Focus on being a good loser and having asymmetrical risk/reward opportunities." -Stacey Burke "Keep it simple and learn how to lose." - Stacey Burke In This Episode, You’ll Learn… How Stacey went through 10 years of losing trades without stopping - and how he recovered The Forex trading habits and rituals that Stacey go through on a daily basis How to really learn from other traders - because you can't simply copy Why expecting to lose trades is powerful The importance of having a solid trading journal and how Stacey does his Some of the best lessons from traders around the world Why teaching and sharing makes you a more successful Forex trader The more you trade the more you are likely to make mistakes How Stacey uses paper notebooks - I do the same! One thing Stacey wished he knew when he started to trade How to create an asymmetrical edge in the market And much more! Resources Mentioned In This Interview Edgewonk: the trading journal Stacey and many traders use on a daily basis. Enter "dtt20" at checkout to get 10% off and a 3-month complete membership of the Desire To TRADE Academy. Dr. Brett Steenbarger's blog: a great resource to grow in the field of trading psychology with daily content. Peter Brandt: a trader Stacey gives a lot of credit to for sharing his experience and knowledge. DesireToTRADE’s Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Stacey Burke? Stacey Burke Trading Twitter YouTube What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!  

Have you ever wondered what exactly is it that makes a trader successful? Is it based on personality? A specific approach to the markets? Pure luck? Dr Brett Steenbarger is a trader and performance coach, and gets heavily involved in the recruitment process for trading firms. He gets to interview traders, see how they work and analyse their performance so he’s in a really great position to make these types of observations. Take a listen to Brett sharing the 3 main components he's observed in successful traders.

Michael has had some of the brightest psych minds on his podcast. Today he pulls together the great psych minds in trading into one podcast. Those interviews include: Brett Steenbarger, Jason Williams, Van Tharp, Daniel Crosby, and Meir Statman. Brett Steenbarger is a Clinical Associate Professor of Psychiatry at New York State University, and author of The Daily Trading Coach, The Psychology of Trading, and Enhancing Trader Performance. His newest work is Trading Psychology 2.0: From Best Practices to Best Processes. Jason Williams is author of The Mental Edge in Trading. Jason received his psychiatry degree at John Hopkins. His father is famed trader Larry Williams. Van Tharp runs the Van Tharp Institute and is author of four acclaimed books published by McGraw Hill: Super Trader, Trade Your Way to Financial Freedom, Safe Strategies for Financial Freedom, and Financial Freedom Through Electronic Day Trading. His new book is called Trading Beyond the Matrix. He was also featured in Jack Schwager’s Market Wizard’s: Interviews with Great Traders. Van Tharp received his Ph.D. in psychology. Daniel Crosby is author of The Laws of Wealth: Psychology and the Secret to Investing Success, and co-author of the New York Times bestseller Personal Benchmark: Integrating Behavioral Finance and Investment Management. His background is in behavioral psychology and he sees the markets as a great backdrop to view human behavior in a real world setting. He is also founder of Nocturne Capital. Meir Statman is a professor of finance at Santa Clara University and a behavioral finance expert. His acclaimed book is titled What Investors Really Want. In this episode of Trend Following Radio: Envy and happiness Fear of losing vs Fear of missing out Mental accounting Expert discretion Efficient market theory Human ego Warren Buffett and his trading strategy Passive investing Sigmund Freud’s impact on trading Standard deviation as a proxy for risk Matching “the benchmark” Systems theory Money management vs. Position sizing Ed Seykota’s trading and psychology strategies Tom Basso’s trading and psychology strategies Yoga Training your brain how to think

Jan. 13 (Bloomberg) -- Bloomberg View columnist Barry Ritholtz interviews Brett Steenbarger, a clinical psychologist who has published numerous articles and books on trading psychology. He is a clinical associate professor of psychiatry and behavioral sciences at SUNY Upstate Medical University in Syracuse, N.Y. This commentary aired on Bloomberg Radio.

Fantastic interview with author Dr. Brett Steenbarger where he discusses the best psychological practices for traders and does some group coaching! There is tons of actionable information in this not to be missed interview! We would like to contribute to your success by challenging you to participate in our 30-Day Affirmation challenge. Just click here to learn more: https://ob234.infusionsoft.com/app/page/30-day-affirmation-challenge

For this episode, I interviewed a very special guest; Dr Brett Steenbarger (after many, many requests from listeners). Brett is a very well known trading psychology coach, and has consulted to some of the biggest names in the industry. He’s also a respected author who has now published four books, some which have been recommended reading by previous guests on this podcast. During our conversation, I asked Brett how to break bad trading habits and introduce new best practises, to explain why traders need to be adaptable in markets, plus how we should think about goal setting and measure progress. And of course, much more about how to enhance your performance as a trader. If you do enjoy the interview, please leave an iTunes review! Click here

Brett Steenbarger has been involved in the financial markets since the 1970's. He is a futures trader and is a performance coach with various hedge funds and proprietary trading firms. He earned his PhD in Clinical Psychology and is a Professor in Psychiatry and Behavioral Sciences at SUNY Upstate Medical University. He is the author of Trading Psychology 2.0.

My guest today is Brett Steenbarger, a Clinical Associate Professor of Psychiatry at New York State University, author of “The Daily Trading Coach,” “The Psychology of Trading,” and “Enhancing Trader Performance.” His newest work is “Trading Psychology 2.0: From Best Practices to Best Processes.” He is a trading coach, psychologist, author, blogger, and stock index trader. The topic is trading psychology. In this episode of Trend Following Radio we discuss: The emotional “buy in” Checklists Finding a smooth equity curve Repeated performance vs. deliberate practice The role of fitness and health in trading The moment of now Systems trading vs. discretionary trader Relationship between volatility and volume Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

On today’s episode of Trend Following Radio Michael Covel interviews Brett Steenbarger. This is his 2nd appearance on Trend Following Radio. He is a Clinical Associate Professor of Psychiatry at New York State University, author of “The Daily Trading Coach,” “The Psychology of Trading,” and “Enhancing Trader Performance.” His newest work is “Trading Psychology 2.0: From Best Practices to Best Processes.” Michael and Brett start the podcast off by asking the question, “Do people really have that burning desire to succeed?” Brett says he does believe traders are drawn to trading for the money outcome, but also for the allure of not working a 9-5 job or the dream of scoring easy riches. Brett breaks it apart further by explaining the motivations for different traders: Practice and process are essential. He says, “You hear traders talk about finding your edge and sticking to your edge.” Finding your edge is a continual process because the markets are forever changing. You must adapt. Brett goes on to discuss the importance of back-testing and how valuable it is to your strategy. He gives the example that elite performers spend more time in preparation than in performance. That preparation helps develop a strategy and prepare the performer mentally. It pushes the performer to develop the best of what they are doing. Brett then details the difference between repeated performance and deliberate practice. Creativity is the next big topic discussed. Brett says it’s an individual’s creativity that breaks them away from the herd. A trader that has the creativity to diversify and test new strategies. Brett then touches on what it means to “trade your personality,” how paramount it is to have the right trading mentor, and the advantages of creating a checklist to bring out your best practices and make them routine. Lastly, Michael and Brett dig into the necessity of eating, sleeping, physical exercise, and yoga to help fuel a positive emotional experience in life and in trading. If you have been having trouble with the psychological aspects of your trading, this episode is for you. In this episode of Trend Following Radio: The emotional “buy in” Checklists Finding a smooth equity curve Repeated performance vs. deliberate practice The role of fitness and health in trading The moment of now Systems trading vs. discretionary trader Relationship between volatility and volume

Brett N. Steenbarger, Ph.D. is a trader, psychologist and trading coach who has been actively involved in the financial markets since the late 1970s. He is the author of a number of popular trading performance books and consults for hedge funds, investment banks and proprietary trading groups. Brett has an interest in using historical patterns in markets to find a trading edge publishing measures and strategies on his popular TraderFeed blog. He is also a regular contributor to Forbes. In this episode we discuss creativity, static thinking and why it's important to have unique ideas for trading success. We also cover tips to increasing our creativity, why traditional trading rules need to be updated, the challenges of daytrading and how to overcome them. Topics discussed Three important components of successful traders Why the traditional rules of trading need to be updated Why traders get stuck in static thinking and need to be more like entreprenuers The two different types of trading brains and how understand which we are can improve our results How creativity can be used in the strategy research process Why we come up with ideas at seemingly random times and how that can be harnessed to improve our trading The two stages of creativity and how traders are hurting their performance by neglecting the second stage How just immersing ourselves in the market without stepping back can be harming our performance Improving creativity through lifestyle Why unstructured free time away from the markets can improve your trading Techniques to turn creativity into a habit How Brett identified his strengths and used those to dictate his trading style The challenges of daytrading and how to approach them Analysing successful trades to improve performance Why we need to have something more important in your life than trading PLUS listener questions on: Applications of diffusion indices Formalising edges and the impact of market regimes on edge performance How traders can follow their rules about stops and targets The psychological differences between systematic and discretionary trading The validity of Acceptance Commitment Therapy (ACT) in trading Handling drawdowns and turning it into a constructive experience How to move from retail trader to full-time/pro

My guest today is Brett Steenbarger, a Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY. The topic is Trend Following. In this episode of Trend Following Radio we discuss: What a “flow state” is, and why it's important How Steenbarger has seen flow connect to the trading world, and the importance of matching your level of difficulty and challenge Risk and risk tolerance The logical and psychological sides to risk “What have you done for me lately” attitude for investors Why we don't grow if we stay within our comfort zones Process vs. outcome The psychological burden of certain fee structures Some of the common characteristics of successful traders Slow thinking, deep thinking, and fast thinking Where we're headed regarding prescription drugs related to the mind Trend trading vs. mean reversion Contextualism Trend following vs. momentum trading How people actually behave vs. how they describe their behavior Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

Michael Covel speaks with Brett Steenbarger. Steenbarger is Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY. Steenbarger and Covel discuss what a “flow state” is, and why it’s important; how Steenbarger has seen flow connect to the trading world, and the importance of matching your level of difficulty and challenge; risk and risk tolerance; the logical and psychological sides to risk; “what have you done for me lately” attitude for investors; why we don’t grow if we stay within our comfort zones; process vs. outcome; the psychological burden of certain fee structures; some of the common characteristics of successful traders; slow thinking, deep thinking, and fast thinking; where we’re headed regarding prescription drugs related to the mind; trend trading vs. mean reversion; contextualism; trend following vs. momentum trading; and how people actually behave vs. how they describe their behavior. For more information on Brett Steenbarger, go to traderfeed.blogspot.com. Want a free trend following DVD? Go to trendfollowing.com/win.