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
· Twitter: / chatwithtraders
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· Instagram: / chatwithtraders_
· Soundcloud: / chat-with-traders
· Stitcher: www.stitcher.com/podcast/chat-...

Пікірлер: 731

@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 2 жыл бұрын

Thanks !

@milandas9334 2 жыл бұрын

Well👍

@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!!

@gpj777 7 жыл бұрын

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

@ChatWithTradersPodcast 7 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 4 жыл бұрын

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

@jeremikossak9553 4 жыл бұрын

92,717 subscribers now :)

@townshipmusicproduction1249 4 жыл бұрын

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

@hamisintunzwenimana8083 10 ай бұрын

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

@MikeRosol 7 жыл бұрын

looking forward to listening to his book :) thanks

@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!!

@vanbonz142 7 жыл бұрын

Brett Steenbarger is a LEGEND

@apsrats 7 жыл бұрын

thanks for sharing great stuff keep it up.

@nobertstanel9428 5 жыл бұрын

Thank You Guys !

@RUSSFREE 5 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 5 ай бұрын

Congratulations 🍾

@ayrasmith 5 ай бұрын

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

@RUSSFREE 5 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 5 ай бұрын

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

@ermirbrahimi219 5 ай бұрын

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

@arupian666 7 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 7 жыл бұрын

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

@pieterjansenvanrensburg5010 5 жыл бұрын

AMAZING channel!!!!

@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!!!

@agentsancho3493 3 жыл бұрын

Thank you for this content.

@nslcap 5 жыл бұрын

Thanks for posting this...!

@piotrkukulka6680 4 жыл бұрын

I have to admit you ask great questions.

@ryandanger9333 5 жыл бұрын

The most useful interview about trading I have listened to.

@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.

@ritalozanolopes6798 Жыл бұрын

Beautiful interview

@epcortek11 6 жыл бұрын

Great interview !

@spontaneousbootay 2 жыл бұрын

Great questions. Thanks for the video

@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..

@IndianaEd 7 жыл бұрын

Great Podcast.

@liamcisek2488 6 жыл бұрын

Great great great video.thank you for sharing.

@EnglishwithLucas 5 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.

@nnamdin3372 3 ай бұрын

Great Podcast. Thanks

@gabe_in_taiwan 3 ай бұрын

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

@crustybastard8256 3 жыл бұрын

Excellent thanks!👍🏽

@sidneysanday7872 4 күн бұрын

Wow. This is brilliant!

@aliceduahboateng3917 5 жыл бұрын

fantastic video, ive learnt a lot...

@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.

@Strrroke 6 жыл бұрын

The interviewer is really good. Nice set of questions.

@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.

@ReadysDemons 5 жыл бұрын

This was great, thank you!

@nadercarun 3 жыл бұрын

Phenomenal interview. Great questions. Great answers.

@pattyrandhawa2339 2 жыл бұрын

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

@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

@101Killuminati 6 жыл бұрын

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

@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?

@BillyReedMusic 3 жыл бұрын

Great interview.

@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 🙏

@alexneil394 3 жыл бұрын

Wow another great interview

@wn77wn 7 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 7 жыл бұрын

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

@Dimitrius1 Жыл бұрын

Excellent once again, as always. Gold.

@PassportG 6 жыл бұрын

Great interview

@dncareflex 10 ай 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 ....

@sediksaid8315 3 жыл бұрын

This very helpful 👍 thanks!!!

@jaysan7904 7 жыл бұрын

Another awesome interview, keep in up Aaron! Respect!

@berrybrown8737 7 жыл бұрын

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

@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.

@SO-kv5cc 4 жыл бұрын

Great chat

@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!

@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?

@dharmendrauniyal6786 4 жыл бұрын

thanks bro

@tinyboy2006 5 жыл бұрын

Awesome show

@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.

@webproject1444 Жыл бұрын

Amazing questions and brilliant answers, excellent guys

@spirit6221 4 жыл бұрын

Thanks for the great interview

@chiefchain7613 2 жыл бұрын

awesome job!

@youngmoney2291 2 жыл бұрын

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

@charlesholifield3859 4 жыл бұрын

Great info...

@clivejbarrett 7 жыл бұрын

Wise words.. Cheers

@asharzam7668 5 жыл бұрын

Good work Aaron

@Benjamin-jp6si 4 жыл бұрын

Good video you and mr pavil Conrad are really doing great job in my life

@mohammedu524 4 жыл бұрын

nice video gain from

@Benjamin-jp6si 4 жыл бұрын

joel excel mr pavil Conrad is from Europe but based in USA Washington he is a contract trader who trades foreign market stocks and other commodities .he trades on behalf of he’s clients and profit for them .he charges 25% commission on each profit he makes on behalf of the respective clients that’s the services he render .

@jane-vd6pb 4 жыл бұрын

so happy to see so many people talking about mr pavil Conrad. on my way to millions love his consistency in making profit

@coryprinceton7930 4 жыл бұрын

@Mellisia Carthy in this pandemic period i still profit trading with Mr pavil Conrad return of $12,000 he is the best any one can think of work with .love hes service because of full control of your broker all he dose is trade for you and you can also learn his pattern while he trades on your behalf .

@Benjamin-jp6si 4 жыл бұрын

joel excel been going smooth I make $50,000 a month trading with pavil Conrad And I also learn the pattern he use in making profit he is a sure part into the foreign markets

@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.

@CoolBishop1997 3 жыл бұрын

thank you sir

@phillipwashington6925 2 ай бұрын

Excellent Presentation!☑️⭐ ⭐⭐⭐⭐

@pipsnerd7615 3 жыл бұрын

this is really good !!

@NomadGurkha 5 жыл бұрын

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

@renooboralkar2331 6 жыл бұрын

This channel is gold. Aaron Fifield , you are a great host. I am literally feeling very lucky I found your channel. Thank you a thousand times.

@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!!!!

@abelflores1929 5 жыл бұрын

Awesome awesome. Thank you.

@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.

@jonathannguyen1999 7 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 7 жыл бұрын

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

@miguelantonioviega Жыл бұрын

Since, I started trading with Mrs. Karis Mathew I made HUGE profits on my investments, her trading strategies are top notch with small commissions on her trades.

@francisdaminilo4533 Жыл бұрын

I also invest with Mrs Karis, she charges 20% commission on the profit made after each trading session and it is fair compared to the effort she puts in to make huge profits.

@MariaAdam324 Жыл бұрын

Amazing I just started trading with Mrs Karis Mathew she is the best at what she does with initial investment of $2750 I made up to $7890 in just one week of trading with her her strategies are amazing.

@kendrickroberto9067 Жыл бұрын

I saw the recommendation before but I didn't bother talking to her, in fact I keep losing it, I still don't understand how the crypto market works

@Doris7921 Жыл бұрын

As a first time investor I started trading with Mrs. Karis Mathew with only a thousand dollars. Within a few weeks of trading with her my portfolio value increased.

@Satoshi-st Жыл бұрын

Yes it is true, you can only appreciate someone who tries to teach everyone how to invest and make profit in multiple ways.

@deniskolejak7822 2 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.

@frugodwill 5 жыл бұрын

Great video. I should add too.. "The only way to win in the markets is to think in probabilities" (Don't attach too much significance on one trade. As long as you have a proven strategy you have tested and came up with a plan..thinking in probabilities takes emotions out) very vital yet greatly overlooked concept. I heard that first from one of the finest trading psychologist "Mark Douglas" (May his soul Rest in Peace). who sadly i only got to know of his works some months ago. Probability thinking takes emotions off!

@bitcode_ 5 жыл бұрын

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

@ryanroderick7170 5 жыл бұрын

One of the best videos i've watched..

@evanwilcox82 2 жыл бұрын

Amazing questions and invaluable insight from Dr Steenbarger. Thank you!

@sblive7239 4 жыл бұрын

Awesome podcast learned so much, and very interesting! Looking forward to reading his book The Daily Trading Coach!

@kammyjohnson9657 4 жыл бұрын

I love this guy

@entertainers4299 9 ай бұрын

One of the best sessiom combining evryrhing at bey

@salahdinlawyer3907 9 ай 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 8 ай бұрын

Me too

@tinyboy2006 5 жыл бұрын

Awesome vid

@krishnasara392 Жыл бұрын

Awesome person

@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

@ViperFutures 2 жыл бұрын

Good interview

@AlgoTrader_SoloTravellor 5 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