How to master trading psychology

How to master trading psychology | Brett Steenbarger

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8 жыл бұрын

EP 065: How to master trading psychology, and introduce new best practises w/ Brett Steenbarger
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.
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LINKS
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· More interviews: chatwithtraders.com
· Free resources: chatwithtraders.com/resources
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Пікірлер: 722

@miltonfriedman2226 4 жыл бұрын

Anton Kreil (Ex Goldman Sachs trader) in one of his youtube videos dropped this idea i’ll never forget: “the path to knowledge starts at unconscious incompetence, then conscious incompetence, then conscious competence and lastly unconscious competence”

@tby62 4 жыл бұрын

Love this

@donaldpitt1698 4 жыл бұрын

Nice play of words. What's the practical usefulness?

@miltonfriedman2226 4 жыл бұрын

Jorg Brand whats your evidence?

@miltonfriedman2226 4 жыл бұрын

Donald Pitt You decide if it has a use or not in your daily life.

@leemartin6439 4 жыл бұрын

@Jorg Brand I don't think thats sufficient evidence that he's a fake

@alpelayo4630 4 жыл бұрын

My takeaway is that we don't need to get motivated. We need to build habits on our best practices. Using repetition. Thank you . This video is so helpful

@simeon8758 7 жыл бұрын

just found those channel, BEST TRADING PODCAST I HAVE EVER HEARD!!

@meo1960 3 жыл бұрын

Trader Psychology begins at 13:00

@rohithrockzz8124 3 жыл бұрын

thank you bro

@laxsal12 3 жыл бұрын

great

@myth8551 3 жыл бұрын

Thanks 👍

@FinancialAnalyst_Private 3 жыл бұрын

Thanks !

@milandas9334 3 жыл бұрын

Well👍

@hamisintunzwenimana8083 Жыл бұрын

Great General 1. Psychology / Systems Thinking / Strategy -- Plan 2. Van Tharp / Inventory Profiling / NLP

@townshipmusicproduction1249 4 жыл бұрын

This is still more relevant in 2019, thanks for the channel

@gpj777 8 жыл бұрын

This channel is too legit to have only 10k subs. Keep up the legendary work.

@ChatWithTradersPodcast 8 жыл бұрын

+George Pare Jr. - thank you!

@Tormentality 6 жыл бұрын

I agree, that's why it's good to see it's up to 60k now.

@xpertcomments 5 жыл бұрын

@@Tormentality 79K now.. slow and steady wins the race :)

@7taveira 5 жыл бұрын

90k now. Life is a marathon, not a sprint

@jeremikossak9553 5 жыл бұрын

92,717 subscribers now :)

@jasonblack4208 7 жыл бұрын

*looks up author on audible* Yes! Finally one of your guests who has an audiobook! *returns to interview and listens voraciously*

@nathanielormsby6585 3 жыл бұрын

What book? Worth reading? Thx!!

@gabe_in_taiwan 6 ай бұрын

Aaron Fitfield asks excellent questions here, getting great gems out of Brett 🙌

@nobertstanel9428 5 жыл бұрын

Thank You Guys !

@MikeRosol 7 жыл бұрын

looking forward to listening to his book :) thanks

@vanbonz142 7 жыл бұрын

Brett Steenbarger is a LEGEND

@juniorsaj1870 4 жыл бұрын

7:02...The average holding period for many of the traders was around 3 minutes... That's how u take profit quick and run to avoid any damage

@reprogrammingmind 3 жыл бұрын

Big future!!!

@apsrats 7 жыл бұрын

thanks for sharing great stuff keep it up.

@spontaneousbootay 3 жыл бұрын

Great questions. Thanks for the video

@RUSSFREE 8 ай бұрын

Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.

@ayrasmith 8 ай бұрын

Congratulations 🍾

@ayrasmith 8 ай бұрын

I will love to be your friend dear as well as sharing some ideas which you're benefiting.

@RUSSFREE 8 ай бұрын

That's fine, but it's not luck, it's about having good investment plans, especially negotiating with a trustworthy expert. watching professional business videos and above all connecting with the right person that the digital world is full of: unreal people. I met some of them during my journey to success. I felt the same when I started, especially when you use a demo account, you may be winning, but when you put in real money you start losing. I understand it and I go through it all. I am very happy that I am now profitable.

@ayrasmith 8 ай бұрын

I can relate to all you said because I am facing similar thing right now. Congratulations I wish you more success.

@ermirbrahimi219 8 ай бұрын

Hey, how good are your profits? I would like to get some ideas on how to operate, thanks.

@arupian666 8 жыл бұрын

Excellent !! There's so many flaky videos on youtube about trading, it's SO refreshing to find a channel that's TRULY about trading. Nice work mate. Subbed.

@ChatWithTradersPodcast 8 жыл бұрын

+arupian666, thank you sir! It means a lot.

@sidneysanday7872 3 ай бұрын

Wow. This is brilliant!

@agentsancho3493 3 жыл бұрын

Thank you for this content.

@LexSummer 6 жыл бұрын

Steenbarger books are awesome... I was stumbling for seweral years with the same psyco traps. His books showed me differend ways to work on my temper.

@piotrkukulka6680 4 жыл бұрын

I have to admit you ask great questions.

@pieterjansenvanrensburg5010 6 жыл бұрын

AMAZING channel!!!!

@nslcap 5 жыл бұрын

Thanks for posting this...!

@nnamdin3372 6 ай бұрын

Great Podcast. Thanks

@aliceduahboateng3917 5 жыл бұрын

fantastic video, ive learnt a lot...

@liamcisek2488 6 жыл бұрын

Great great great video.thank you for sharing.

@misterfosterdulles 7 жыл бұрын

really got a lot out of this, i can play this tape while during my non-active time with trades on, and during my review periods for sure.. much much great stuff here..

@ediliadelgado1470 7 жыл бұрын

only the ones who are really serious to learn how to be traders listen this tipe of channel...thank you so much for this contribution to my life.

@sagemaster3408 3 жыл бұрын

@lucas l4ux me about 2 1/2 and it’s amazing how each week u learn how last week you were an idiot. Lol

@epcortek11 6 жыл бұрын

Great interview !

@youngmoney2291 2 жыл бұрын

This is the first episode I've listened to and just wanted to say job well done. New sub here. ✌️

@infochaser 17 күн бұрын

Indeed valuable share. Thanks a lot. Keep going .

@IndianaEd 7 жыл бұрын

Great Podcast.

@kimcarsonsableable 7 жыл бұрын

This channel provides a killer amount of value. Brilliant concept

@ChatWithTradersPodcast 7 жыл бұрын

+Choose Freedom, nice to hear this! Thank you.

@salahdinlawyer3907 Жыл бұрын

i listened this 59minutes podcast for 4hours and i took notes and i learned so much.. Thank you chat with Traders for this amazing Content. The questions were spot on and the answers were great.. Thanks Brett steenbarger for the knowledge on psychology.

@somtonnamani5422 11 ай бұрын

Me too

@Dimitrius1 2 жыл бұрын

Excellent once again, as always. Gold.

@ritalozanolopes6798 2 жыл бұрын

Beautiful interview

@berrybrown8737 7 жыл бұрын

It also a great video. This channel is very good.

@ryandanger9333 5 жыл бұрын

The most useful interview about trading I have listened to.

@seizure_ 8 жыл бұрын

awesome episode! keep up the great work @chatwithtraders

@ChatWithTradersPodcast 8 жыл бұрын

+seizuristic, I'm pleased you liked it-much appreciated.

@goodpunk6 7 жыл бұрын

Guys, this is absolute gold. Just picked up Brett's audio book, the daily trading coach

@MuhammadAkram-sn5ve 3 жыл бұрын

Hello Sir how's your trading now?

@crustybastard8256 4 жыл бұрын

Excellent thanks!👍🏽

@wn77wn 8 жыл бұрын

WOW WOW that was supper great show man i repeated listing it twice and repeated some parts for few times what smart question some times it can be the same guest but the begets change is the host grate job keep it up. rgds Wael AlAboud

@ChatWithTradersPodcast 8 жыл бұрын

+wn77wn, really pleased to hear you liked this episode with Brett, thanks!

@MR1337SKI 5 жыл бұрын

Great stuff! I would like to pick up the Doc's book now. I think he does a lot with SMB if im correct.

@BillyReedMusic 3 жыл бұрын

Great interview.

@BigBlackBe4r 7 жыл бұрын

Great interview, very insightful. Trading is about passion for markets, not P&L. If all you think about is the money, your toast. The same can be said for any business venture.

@didier4529 6 жыл бұрын

Great channel! Thank you for your work. Just as advice, could you ask questions that expand on what the speaker is saying? Thank you again!

@phillipwashington6925 5 ай бұрын

Excellent Presentation!☑️⭐ ⭐⭐⭐⭐

@ReadysDemons 5 жыл бұрын

This was great, thank you!

@Strrroke 7 жыл бұрын

The interviewer is really good. Nice set of questions.

@EnglishwithLucas 6 жыл бұрын

I think people underestimate the importance of the psychology behind trading. Learning about Brett Steenbarger and what he says really helps me learn about myself. Thank you for this podcast.

@tinyboy2006 5 жыл бұрын

Awesome show

@pattyrandhawa2339 2 жыл бұрын

Thank you so much! Great value !!!! Recommend everyone to watch it 😊🙏

@alexneil394 3 жыл бұрын

Wow another great interview

@pipsnerd7615 3 жыл бұрын

this is really good !!

@chiefchain7613 3 жыл бұрын

awesome job!

@SO-kv5cc 4 жыл бұрын

Great chat

@sediksaid8315 3 жыл бұрын

This very helpful 👍 thanks!!!

@RagnarokCo 5 жыл бұрын

Almost didn't give this interview a chance but am very glad I did. You won't find technical strategies or straight market advice instead you receive information on how to build a trading lifestyle. It's like improving fundamentals in your own life that directly affect your performance.

@GardenCatsTV Жыл бұрын

Awesome glad to find this channel from here. Thanks 🙏

@charlesholifield3859 4 жыл бұрын

Great info...

@PassportG 6 жыл бұрын

Great interview

@nadercarun 4 жыл бұрын

Phenomenal interview. Great questions. Great answers.

@creepycall 7 жыл бұрын

Thanks for this interview Aaron, can you get an interview with Steve Ward please - psychologist to top traders in London, thank you for the great job you do. Also I would love to listen interview with trader Tom Hougaard.

@dncareflex Жыл бұрын

thank you both for this wonderful interview, Brett explains in very clear, helpful and professional ways. my greatest pleasure to get to listen to him. with all blessings ....

@entertainers4299 Жыл бұрын

One of the best sessiom combining evryrhing at bey

@TCETRADING 4 күн бұрын

2024 currently down -$1050 but i know there will be a drawdown and prepared mentally and waiting throughout the NY session to be in profit so far it’s 10:13 AM and u already made $600+ this pair will keep on increasing that’s why i risk such a high percentage of my account.

@asharzam7668 5 жыл бұрын

Good work Aaron

@webproject1444 2 жыл бұрын

Amazing questions and brilliant answers, excellent guys

@tinyboy2006 5 жыл бұрын

Awesome vid

@deniskolejak7822 5 ай бұрын

🎯 Key Takeaways for quick navigation: 00:32 🚦 *Cumplir reglas estrictas en el trading es crucial para evitar pérdidas significativas y mantener la consistencia.* 01:58 💰 *Preservar el capital es la tarea más importante para un trader, evitando riesgos excesivos.* 03:36 🤔 *Enfocarse en configuraciones de alta probabilidad mejora la rentabilidad y consistencia del trading.* 05:42 🛑 *Establecer reglas estrictas para cortar pérdidas es esencial y evita pérdidas significativas.* 07:31 📉 *La responsabilidad personal y evitar terquedad son clave para prevenir grandes pérdidas en el trading.* 08:12 💡 *Identificar y aprovechar configuraciones rentables permite aplicar un tamaño de posición significativo, maximizando las ganancias.* Made with HARPA AI

@Tiguilandy 7 жыл бұрын

new subscriber! thank you for your interviews they help a whole lot!

@ChatWithTradersPodcast 7 жыл бұрын

+Andy, welcome! Thanks for hitting subscribe.

@CoolBishop1997 3 жыл бұрын

thank you sir

@101Killuminati 7 жыл бұрын

This is one of your best interviews,good job keep up the good work mate!

@NomadGurkha 5 жыл бұрын

this is the best trading psychology podcast on KZfaq. Many thanks for having this immense wealth of knowledge here.

@abelflores1929 5 жыл бұрын

Awesome awesome. Thank you.

@clivejbarrett 7 жыл бұрын

Wise words.. Cheers

@dharmendrauniyal6786 4 жыл бұрын

thanks bro

@TheTradingDesk007 2 жыл бұрын

I love to watch this episode again and again... Supreme episode..

@jonathannguyen1999 8 жыл бұрын

I love it dude! I listen to these podcasts when I'm driving and It helps me a lot because driving is usually my 'alone time' which i believe is needed for traders in general. Keep it up!

@ChatWithTradersPodcast 8 жыл бұрын

+Johnathan Nguyen, good stuff man! Podcasts are a win for lengthy car rides.

@ryanroderick7170 5 жыл бұрын

One of the best videos i've watched..

@PeterMilko 5 ай бұрын

So what are the key take aways? Someone plz reply.

@jaysan7904 7 жыл бұрын

Another awesome interview, keep in up Aaron! Respect!

@spirit6221 4 жыл бұрын

Thanks for the great interview

@kammyjohnson9657 4 жыл бұрын

I love this guy

@TRADERSFRIEND 6 жыл бұрын

I am so glad to see someone deal with the changing market as a factor to our changing success instead of just blaming our psychology for our losses/missteps. Brilliant interview

@sagemaster3408 3 жыл бұрын

I just have to remember to not always blame it on the changing market.

@TRADERSFRIEND 3 жыл бұрын

@@sagemaster3408 Indeed, I mostly blame it on traps setups and market manipulatiion

@krishnasara392 2 жыл бұрын

Awesome person

@DaBrasilianaire Жыл бұрын

I listened to this so many times before and I find it so much more interesting every time I listen to it again!! 2022, let's blow thru the finish line!!!!

@miceli911 6 жыл бұрын

Enable automatic subtitles in English please

@dustinmorwongadventurer.6930 3 жыл бұрын

Thanks for the video. I’m excited for 2021, going to be the best year yet for investing

@DrSaurin 3 жыл бұрын

Excellent host

@cryptoworld2531 3 жыл бұрын

Thanks for the feedback...for more info /w/h/a/t/s/a/p/p +/1/8/0/2/2/5/5/1/0/3/5/

@ortegafrancis457 5 жыл бұрын

I've been edified by this video it's been of great assistance to my trading psychology and skills the ideas are very helpful.

@bitcode_ 5 жыл бұрын

Aaron made so many great questions it really brought out the best from the speaker

@guilhermedossantos4064 6 жыл бұрын

What if you wereforced to trade because you don’t have an option, Is there a way to rechannel youre personality to conform with the full time trader habit?

@joakingart8741 5 жыл бұрын

GOLD!!!!!!!!!!!!

@Itsupthere123 Ай бұрын

You ALL WILL SUCCEED IN LIFE

@ViperFutures 2 жыл бұрын

Good interview

@peytonmadeline3288 3 жыл бұрын

The stock market holds several benefits, it’s advisable for investors to be cautious while making their decisions. Understanding the stock market basics and do their research before investing to ensure profitable investment.

@repliedbajapanesewithhanak6676 3 жыл бұрын

It's important for investors to have a clear strategy for managing their portfolios this year

@admin3427 3 жыл бұрын

I made a lot of wrong investments last year, would really like to invest in key stocks, I’m held back by the wrong investments I’ve made.

@peytonmadeline3288 3 жыл бұрын

@AnonymousBuster Sunshine true, The stock market is a complicated place. Most investors make mistakes of not performing adequate research and investment analysis to find a potentially profitable stock, which leads to acquiring the wrong stocks and having a track record of trade losses.

@peytonmadeline3288 3 жыл бұрын

@@admin3427 the stock market is riddled with uncertainty, getting profit independently requires patience and proper education on the market.

@admin3427 3 жыл бұрын

@@peytonmadeline3288 do you offer trading advice?

@ronellbelar 3 жыл бұрын

thanks sir from philipines

@jayantjain6550 Жыл бұрын

His books are awesome 🙏🙏🙏🙏🙏❤️❤️❤️❤️

@AlgoTrader_SoloTravellor 6 жыл бұрын

Great job, I have seen few videos of your channel , you are doing great job of bringing the inputs from some legends which is highly valuable for people like me who are new to markets.. really big thanks