Trading Psychology: How to Handle FOMO (Dr. Steenbarger)

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SMB Capital

SMB Capital

Күн бұрын

Dr. Steenbarger's Blog: traderfeed.blogspot.com/
#smbcapital #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...

Пікірлер: 458
@smbcapital
@smbcapital 2 жыл бұрын
Dr. Steenbarger's Blog: traderfeed.blogspot.com/
@theresagarcia1218
@theresagarcia1218 Жыл бұрын
My strategy is; buy quality companies, expect to hold no matter what, pay up but don’t over pay, keep track, sell rarely, be ready to course correct.
@mayacho4910
@mayacho4910 Жыл бұрын
A lot of people think they should always be buying and selling something. That's a mistake. 99% of successful investing is waiting, learning, awareness/experience and getting extremely lucky with the market.
@theresagarcia1218
@theresagarcia1218 Жыл бұрын
@@mayacho4910I totally agree, although coming into the market i missed the experience part, but my current trader helped me. She turned my 40k loss, made me 70k in a month, if not for her, i can't even begin to imagine....., she actually does most of my trading, to be honest.
@mariahhayes5089
@mariahhayes5089 Жыл бұрын
@@theresagarcia1218 Exactly, i will never go into this market without guidance, please who is this coach that helped you, can you possibly do a referral?
@theresagarcia1218
@theresagarcia1218 Жыл бұрын
@@mariahhayes5089She is a licensed fiduciary in the U.S, i work with her to trade my securities.
@theresagarcia1218
@theresagarcia1218 Жыл бұрын
@@mariahhayes5089Just look with her name online, you will be directed to her page, there you can leave your messages.
@kdc6884
@kdc6884 2 жыл бұрын
"The secret to permanently breaking any bad habit, is to love something greater than the habit." Great quote. 👍 good content
@smbcapital
@smbcapital 2 жыл бұрын
yes that's a great one
@BusinessFinancialNetwork
@BusinessFinancialNetwork 2 жыл бұрын
🔑
@Kimheaplifestyles
@Kimheaplifestyles 2 жыл бұрын
👍🏻
@MakuLabs
@MakuLabs 2 жыл бұрын
+1
@billiezee
@billiezee 2 жыл бұрын
Never clicked on a video faster
@smbcapital
@smbcapital 2 жыл бұрын
haha
@stocksqna
@stocksqna Жыл бұрын
Didn't even blink.
@chambacavani837
@chambacavani837 Жыл бұрын
Same way you did when u entered that FOMO trade
@wadamalon5032
@wadamalon5032 10 ай бұрын
click faster on the video than when I clicked buy or sell out of fomo
@stephennn403
@stephennn403 10 ай бұрын
Guys a video with stay on your plan guessing discipline can it be found?
@adityadutt4744
@adityadutt4744 2 жыл бұрын
One of the most amazing and beautiful psychology lesson not just for trading but for the overall life.
@obiwan7184
@obiwan7184 11 ай бұрын
I cannot believe this is free. Thank you SMB Capital and Dr Steenbarger
@vv7299
@vv7299 9 сағат бұрын
Wait until you discover the rest of the Internet
@gchap7986
@gchap7986 Жыл бұрын
I loved what Dr says- practice trading with visualisation. I am so happy someone at least i this world gives my idea a thumbs up! I developed a technique which i used to trade and i called it creative visualisation . I control my fomo by visualisation of possible safe entry point within the trend and position sizing the risk !
@GenXBitch
@GenXBitch Жыл бұрын
I’m going to play this video in the morning every day I trade. Thank you! 🙏🏼
@elsayedmahm475
@elsayedmahm475 Жыл бұрын
I can't be more thankful for such a trading content ! Thank you SMB, Thank you Dr. Steenbarger !
@marisbiedris1694
@marisbiedris1694 Жыл бұрын
This is just awesome, amazing and unbelievable at the same time!!! By far the BEST video on trading psychology I have seen so far!! I can’t thank you enough Dr.Steenbarger!!!
@davidgonzalez8373
@davidgonzalez8373 2 жыл бұрын
Thank you all for being part of this production. Im a subscriber and look forward to more content.
@smbcapital
@smbcapital 2 жыл бұрын
More to come!
@annafry9922
@annafry9922 2 жыл бұрын
What an amazing person Dr Steenbarger is! I am reading his book “Trading Psychology”. Brilliant read!
@BruceWayne-cz8ds
@BruceWayne-cz8ds 8 ай бұрын
🎯 Key Takeaways for quick navigation: 00:00 📈 Handling FOMO in Trading 08:32 🏖️ Exposure Therapy for FOMO 16:07 💭 Cognitive Work: Changing Thinking Patterns 26:03 🔄 Broaden and Build: Balancing Life Portfolio 28:27 🧠 Managing trading psychology and FOMO 34:52 🚀 FOMO and trader intuition 36:31 🧬 Personality traits and FOMO 41:10 💰 Taking profits along the way 43:10 🎯 Goal setting and consistency Made with HARPA AI
@mossogbecamara3711
@mossogbecamara3711 2 жыл бұрын
This is pure gold. Thank you for sharing!
@jathanclark
@jathanclark Жыл бұрын
Awesome video! This may be the best lecture on trading psychology I’ve ever seen. Thank you for posting - you’ve inspired me to spend some time and create concrete, actionable goals to improve my trading skills
@samuela-k5165
@samuela-k5165 Жыл бұрын
Amazing, thank you Dr. Steenbarger & SMB Capital for the recording!
@lisahagerman1587
@lisahagerman1587 9 ай бұрын
Happy Birthday Brett....and many happy returns!!
@kryptoxfranco
@kryptoxfranco 2 жыл бұрын
Thanks for making trading psychology a specific topic. Really appreciated. Hope to see more related content in the future!
@mcitron3534
@mcitron3534 2 жыл бұрын
That was a great video. I’ll be watching again with my journal. It’s always so interesting the mind body relationship.
@leonh8920
@leonh8920 3 ай бұрын
Very clear communication skills and transparency
@MrNatnorwood
@MrNatnorwood Жыл бұрын
Thanks Dr Steenbarger for the insight, and SMB for sharing it with us!! Much appreciated. I've read his Daily Trading Coach but am always glad to revisit,..
@nellischein4333
@nellischein4333 Жыл бұрын
This true real practice advice!!! I love it exactly what I was searching for! Thank you for this big eye opening advice
@mistersqueezeaaron2406
@mistersqueezeaaron2406 Жыл бұрын
This week was a perfect example. I put a great trade on then walked away when it was going my way vs staying in a little longer and keeping my conviction and had I held it would have turned out to be the best trade of my life. There is of course times when I fomo and I do need to stop that. Thank you for the video.
@tradingbuddysystem7416
@tradingbuddysystem7416 18 күн бұрын
Wow, this was so good! Developing experiences of safety is critical in becoming a great trader who is more concerned about consistency and growth rather than P/L
@FXMV2012
@FXMV2012 Жыл бұрын
Best guy in trading Psychology Dr Steenbarger, hats off to you and SMB!
@georgemavimbela
@georgemavimbela 12 күн бұрын
I will re-watch this. It's so profound
@adityadutt4744
@adityadutt4744 2 жыл бұрын
Came here for getting rid of FOMO took some really great learnings 😊❤️
@cameronjohn604
@cameronjohn604 Жыл бұрын
This man is world class for real. Thank you SO much Dr. S for sharing your wisdom and experience with the world. Cheers (non alcoholic cheers ;)
@michigan1947
@michigan1947 2 жыл бұрын
Awesome insight and sharing! Thank you so much!!
@bullforcetrading9995
@bullforcetrading9995 2 жыл бұрын
Much respect for Dr. Brett!!
@smbcapital
@smbcapital 2 жыл бұрын
yes, absolutely!
@mo1amri238
@mo1amri238 2 жыл бұрын
Amazing insight from the gentleman,drilling diwn to the core of FOMO
@seshafarmspalmarosa1267
@seshafarmspalmarosa1267 2 жыл бұрын
Brilliant piece of info .... thanks to SMB team to share it .....
@Kaitrader
@Kaitrader Жыл бұрын
I love this guy - a leading authority in his field
@sandeep4440
@sandeep4440 2 жыл бұрын
Most to the point problem (“THE Problem”) addressed very appropriately
@GenXBitch
@GenXBitch Жыл бұрын
Great video! FOMO is absolutely killing me 😩 I keep trying though. What I love about trading is there is constantly something to learn. Just when i think i have it figured out it proves me wrong LOL
@TheShadow_850
@TheShadow_850 2 жыл бұрын
Killer info!! thanks mike and dr steen , very much appreciated!!
@traderryan713
@traderryan713 Жыл бұрын
Excellent video. I might have to watch it again later. You can know all this, but without change in habit, it wont change. Specially in this market.
@weswright2796
@weswright2796 2 жыл бұрын
Love that guy. Thanks for posting!
@eddiejimenez9299
@eddiejimenez9299 9 ай бұрын
I want to thank SMB Capital for this excellent presentation on Trader's Psychology - I have learned allot and with be putting ABCD into practice...
@soumenbag6336
@soumenbag6336 Жыл бұрын
Consistent of profitability is more important than earning big PL in day to day. motivation should be learning not the PL. PL goes down it is even bigger opportunity. 1> Exposure therapy: Visualize yourself in a threatening situation and try to relax through breathing. Repeat this exercise several times and eventually, it will become normal. It is applicable in any areas of life. 2> USE ABCD technique: (A- trigger)you miss a trade, (B-tinking pattern that creat threat) you feel u r not good as others or others are getting ahead of you (C-consequences) you panic and you take an unreasonable decisions and do FOMO trade (D-) change the negative self-talk associated with missing a trade. Talk yourself the way you should talk to the person you care about the most. 3> Get a life! Diversify your emotion. That keeps your mind in check. 4> instead of defining you PL on money, define your PL by how much you learned and developed as a trader.
@elliot_waves3385
@elliot_waves3385 8 ай бұрын
This channel is very under rated. Excellent content
@donkeyface
@donkeyface Жыл бұрын
These Dr. Steenbarger videos are so great.
@donkeyface
@donkeyface Жыл бұрын
Does the magnitude of profitability just not matter at all? that can't be the case. but I get it!!!
@josejunior991
@josejunior991 2 жыл бұрын
Thank you Dr. Steenbarger. Valuable lessons to take onboard and mediate on them always.
@smbcapital
@smbcapital 2 жыл бұрын
thank you! so much value here!
@frogface2347
@frogface2347 Жыл бұрын
Absolutely top notch advice here. Thank you sir.
@JonathanSebastian407
@JonathanSebastian407 2 жыл бұрын
This guy speaks so nicely!
@samirghailan1243
@samirghailan1243 Жыл бұрын
Thank you Dr Steenbarger for these amazing lessons! Cant believe i haven't watched before some real Psychology gems appreciate the video, thanks! 😎
@NecklaceNancy
@NecklaceNancy Жыл бұрын
This has SO much Value Thank you for posting. I've been wondering why it seems like I have NO brains when trading live. In SIM my win rate is 80% and I'm relaxed, thinking clearly and having fun. (I'm new at this)
@KarolKapuscinski
@KarolKapuscinski 3 ай бұрын
best trading psychology video ever watched!
@markwngable
@markwngable 8 ай бұрын
This video saved my life. thank you so much.
@markz4430
@markz4430 Жыл бұрын
Great video, The best I have watched all year..
@christiankleinramos7988
@christiankleinramos7988 2 жыл бұрын
I could watch this all day.
@HardySedan
@HardySedan 13 күн бұрын
Thank you, that is so helpful! Not only for trading...
@IRod123
@IRod123 2 жыл бұрын
Thank you!! Great stuff here!!
@erguerrero
@erguerrero 19 күн бұрын
Awesome info, thanks a lot.
@SATISHSHARMA-im7fe
@SATISHSHARMA-im7fe Жыл бұрын
Thank you sir for all the giving ...... So much to learn
@ryanbates362
@ryanbates362 2 жыл бұрын
This is great advice, as a beginner day trader I'm finally coming to realize it's more important to be able to make 100 good trades at 5$ per trade, than one good trade at $500
@pusico6555
@pusico6555 2 жыл бұрын
Math is your best friend. Hope is not your friend.
@nickosgood5447
@nickosgood5447 2 жыл бұрын
Preach it
@16WilliamR
@16WilliamR Жыл бұрын
Great, if you get it from the beginning, numbers Wil add up naturally.
@pinkpill7432
@pinkpill7432 Жыл бұрын
I needed to hear this.
@monty510
@monty510 29 күн бұрын
Thank you SMB 🙏
@sivanandarao
@sivanandarao 2 жыл бұрын
Thank you for sharing amazing . Tq SMB and dr. Steen
@smbcapital
@smbcapital 2 жыл бұрын
Our pleasure!
@mikefries2146
@mikefries2146 Жыл бұрын
My heart glowed when I heard Dr S drop the F bomb. I love it
@trx3264
@trx3264 2 жыл бұрын
Excellent, thank you!
@MagicOfAM
@MagicOfAM 2 жыл бұрын
Thank you so much that was really helpful.
@JosephCordero2
@JosephCordero2 2 жыл бұрын
This is absolute gold. This will make me a better trader.
@smbcapital
@smbcapital 2 жыл бұрын
thx Joseph!
@BusinessFinancialNetwork
@BusinessFinancialNetwork 2 жыл бұрын
🥇
@JosephCordero2
@JosephCordero2 2 жыл бұрын
@@smbcapital no thank you!
@pipgodduncan8292
@pipgodduncan8292 2 жыл бұрын
Did it?👀
@JosephCordero2
@JosephCordero2 2 жыл бұрын
@@pipgodduncan8292 Absolutely, 2 months later and I have improved my profitability, and my overall cognitive health. I recommend practicing the mindfulness exercises, and re-watching this every quarter. Good luck to you!
@mikeanis8554
@mikeanis8554 2 жыл бұрын
What a treat to have this meeting shared with the community. Such value in how Dr S shares his knowledge and psychology wisdom, I lost track of the positive takeaways here. Thanks Dr S & SMB for sharing this video!
@mbellafiore19
@mbellafiore19 2 жыл бұрын
show notes coming on the blog
@mikeanis8554
@mikeanis8554 2 жыл бұрын
@@mbellafiore19 thx! I will be on the lookout for sure
@BusinessFinancialNetwork
@BusinessFinancialNetwork 2 жыл бұрын
🤘🏽
@mrmatias2618
@mrmatias2618 Жыл бұрын
Very informative video. SMB Capital always provides us, Traders, with valuable direct applicable contents. 🇦🇴🇦🇴🇦🇴🇦🇴
@arthurapoli
@arthurapoli 6 ай бұрын
Thank you for Sharing this watch this couple of times. 🙂
@brezl8
@brezl8 Жыл бұрын
this channel is a gold mine
@JenMarco
@JenMarco Жыл бұрын
My problem is the opposite. I always think I missed out and I’m too late to get in and it keeps going. I actually changed my thinking with missed opportunities as a positive. There’s opportunities every day and you can’t get them all so get the next opportunity tomorrow.
@Guru-yr4hr
@Guru-yr4hr Жыл бұрын
always decide levels and act on that like a robot
@hansdampf1159
@hansdampf1159 Жыл бұрын
Great content! Thanks a lot🤗
@Dr_Xenon
@Dr_Xenon Ай бұрын
I need to watch this video every single day.
@rewritereality394
@rewritereality394 Жыл бұрын
Thank You Dr S n SMB
@rohitrox8
@rohitrox8 3 ай бұрын
Amazing! Just need the real life implementation of this..
@authorsss2848
@authorsss2848 2 жыл бұрын
Thanks for your book One good trade
@englishshortstories3287
@englishshortstories3287 Жыл бұрын
this is so good. thank you
@georgenormanham6363
@georgenormanham6363 2 жыл бұрын
Growth and development makes us more successful in the long term
@abben831
@abben831 23 күн бұрын
Thank you so much
@vincentstewart1843
@vincentstewart1843 21 күн бұрын
PLEASE ADVISE ME. I was told to spread my savings across different things like Trade to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.
@maureen...
@maureen... 21 күн бұрын
Ellen DeGeneres hosted Kate floretta on TV 2 yrs ago that was where I saw kate and followed up.i have also been attending her Trade seminars.
@Godwin_blessing_felix
@Godwin_blessing_felix 21 күн бұрын
you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.
@Mayor1248
@Mayor1248 21 күн бұрын
Yo I didn't know Kate was this popular,my cousin trade with her for some months now, I tried but couldn't understand anything it's not my thing tho so I passed Lol. I can testify that trade pays very well because my cousin at 23 bought a house already.
@wendyrosee
@wendyrosee 21 күн бұрын
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
@wendyrosee
@wendyrosee 21 күн бұрын
I think I might have came across the name on an interview last year where she spoke about finance.
@KassNi
@KassNi 2 жыл бұрын
Man, I wish I saw this video a month ago lol But seriously, brilliant man
@Laszlo-Szabo
@Laszlo-Szabo 9 ай бұрын
This man is a legend! 😎
@RandomFF1
@RandomFF1 2 жыл бұрын
i am feeling like dr steenbarger is talking about me...mind blowing
@aminebenafla
@aminebenafla 2 жыл бұрын
i can relate a lot on what Dr. Steenbarger analyst as a retail trader and actually beyond trading its how we process realtime data in daily basics or at work and what would be the trigger for those decisions making situations who can have minutes or hours but to comeback to trading is a matter of seconds of an entry or an exit, scaling or full in etc etc , what i did learn following my little experience ! your biggest enemy isn't the market its your ego who is based on your back knowledge and having the hard time to accept you were wrong and sometimes even though you keep making the same mistakes but the facts of acknowledge them is key and make your way up ! i used to put a p/l goal but now i just focus on the charts and my strategies ! anyway thank you for sharing this video
@ancient_oak
@ancient_oak 2 жыл бұрын
excellent content!
@casanova1012
@casanova1012 2 жыл бұрын
Measure yourself based on consistent profitability, not magnitude of profitability, love it
@Deshawn1313
@Deshawn1313 2 жыл бұрын
Value here, thanks smb
@HolderArtStudio
@HolderArtStudio Жыл бұрын
Great stuff!!
@AnthonysTradingChannel
@AnthonysTradingChannel 2 жыл бұрын
The longer I’ve been trading, the more interested I am in trading psychology.
@peterpan69
@peterpan69 Жыл бұрын
this is extremely useful
@jaysharma9664
@jaysharma9664 2 жыл бұрын
P&L should never be the measure of our self worth and our abilities, big lesson.
@smbcapital
@smbcapital 2 жыл бұрын
absolutely
@ashishdevadig2835
@ashishdevadig2835 2 жыл бұрын
That is such a great comment. 👍
@spencerrhodes3915
@spencerrhodes3915 2 жыл бұрын
I found great value in this. Thank you for making it available.
@itsiktzur
@itsiktzur 2 жыл бұрын
Dr.steenbarger teachings and guidance are priceless. God bless Smb for providing access via KZfaq for all traders to study and apply Dr.steenbarger teachings. Priceless 🙏🙏🙏😊😊😊
@smbcapital
@smbcapital 2 жыл бұрын
we are happy to share with the trading community
@pennyforahburnoutswarstory1017
@pennyforahburnoutswarstory1017 2 жыл бұрын
$DRIP all in life changing trade
@MokumMemorials
@MokumMemorials 11 ай бұрын
Love this!
@sandhya1454
@sandhya1454 2 жыл бұрын
Excellent
@madimakes
@madimakes 27 күн бұрын
SMB always with the goods
@georgejoseph572
@georgejoseph572 2 жыл бұрын
This is not the first I am watching it. But it is the first I truly get it. I noticed this is one my biggest setbacks in my development progress. Thanks Dr. S. Thanks Mike
@arkeyomusic
@arkeyomusic 5 ай бұрын
Thank your for the video
@HELPLINE_002
@HELPLINE_002 5 ай бұрын
Hey buddy. Above is my personal digits,,
@HELPLINE_002
@HELPLINE_002 5 ай бұрын
Get in touch.
@Sebastian-qx3fu
@Sebastian-qx3fu 2 жыл бұрын
Sooo amazing. Thanks😍😍😍😍😍😍😍😍😍
@andrewteh18
@andrewteh18 Жыл бұрын
This is Gold!!
@smbcapital
@smbcapital Жыл бұрын
thx andrew!
@rodneyabrett
@rodneyabrett Ай бұрын
Losing enough money due to FOMO works really well. lol. Took care of the problem for me.
@desmondeddy1750
@desmondeddy1750 Жыл бұрын
I appreciate your approach of teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. I'm 47, and earn nothing less $150k per year, but nothing to show for it yet
@Margaret35577
@Margaret35577 Жыл бұрын
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
@SamanthaCarolyn5
@SamanthaCarolyn5 Жыл бұрын
Research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.
@Wellingtonluzia3
@Wellingtonluzia3 Жыл бұрын
@@SamanthaCarolyn5 Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $120K to $370K in a short period of time. I basically was just following the steps and guideline from my financial advisor *PATRICIA DRITA JOSEFINA* as long as you've professional help, you're good to go
@mohammeddumadi8323
@mohammeddumadi8323 Жыл бұрын
@@Wellingtonluzia3 That's impressive! I could use the expertise of this advisor, my portfolio has been stagnant..... How can I get started with PATRICIA DRITA JOSEFINA ?
@Wellingtonluzia3
@Wellingtonluzia3 Жыл бұрын
*PATRICIA DRITA JOSEFINA* is the advisor that guides me, She has years of financial market experience and she is also FINRA & SEC verifiable, You can look her up internet &, message are there
@digger5521
@digger5521 Жыл бұрын
Awesome presentation got a lot out of it. Spelling error at 26:59 . I have to work on being so pedantic :)
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