So I went undercover to see what is being taught to trading newbs. Here's what I found and what I've decided to do about it: tinyurl.com/y3336rha #tradingpsychology
Brett Steenbarger
17.5K posts
Brett Steenbarger
@steenbab
Trading coach, psychologist, author, blogger. Please do not respond to anyone soliciting business in my name.
- If a trader prepared for trading the way an Olympic athlete prepares for an event, every part of the day and every activity would fuel peak performance. Great question: What am I doing outside of trading that makes me a better trader? traderfeed.blogspot.com/2024/09/exerci…
- I'll be building a library of 3 minute videos that will become a practical online resource for developing traders: tinyurl.com/ybet377p
- It was our 40th anniversary and it was fun falling in love with my wife all over again in Iceland. The opposite of love is not hate; it's routine. Doing things that are new and special keeps life new and special.
- The beginning trader needs to master fear, greed, and impulsivity to become consistent. The consistent trader must master an optimal mindset in order to become truly successful. Here's what goes into an optimal #tradingpsychology: tinyurl.com/y2wr7m4x @Forbes @smbcapital
- By the end of 1926, we recovered from a sharp decline in the March/April period and closed the year near all time highs. The market looked overbought. In the next year, we gained over 20%; in the year after that, we gained 50%. Not a prediction; a lesson.
- Many traders achieve consistency precisely because they *don't* size up and thus avoid the drama of large P/L swings. The answer to sizing up sometimes is simply getting more capital and doing the same consistent things on a larger capital base.2 red days in 40 trading days. Best run of my career. Consistency is a strength of mine but also a weakness. In real time i need to do better at recognizing A+ setups and sizing up / getting uncomfortable and not just 'settling'. Will be working / thinking about that this wknd.
- 80% of success in markets is NOT due to #tradingpsychology; it's due to knowing what the f*** is going on in markets. Here's why: traderfeed.blogspot.com/2024/09/knowin…
- Hard to believe that the Three Minute Trading Coach video series is up to 27 videos...all free...no promotions...no give us your email so we can torture you...nope. When you give back, it's amazing how much comes your way: youtube.com/playlist?list=…
- Once we overcome rookie mistakes in trading, the key is identifying and exploiting what we do distinctively well. We can either take more advantage of our edge by getting bigger, or we can develop more sources of edge by getting broader: traderfeed.blogspot.com/2024/09/two-pa…
- Meditation is not the only way to build our mindfulness during trading. Learning to talk your ideas and perceptions out loud allows you to think about your thinking: tinyurl.com/ya75mpsv #tradingpsychology
- Trading Coach to Brett: "The key to making money in this market is trading your best setups and sticking to your plans." Brett: "What are *your* best setups and plans for a 75 VIX market?" Conversation moves to a different topic...Whatevs...
