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.
@@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.
@@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?
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
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
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!!!
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,..
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 !
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.
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
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)
🎯 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
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
@@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!
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
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!
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
Dr.steenbarger teachings and guidance are priceless. God bless Smb for providing access via RUclips for all traders to study and apply Dr.steenbarger teachings. Priceless 🙏🙏🙏😊😊😊
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.
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.
I always advice new members and will also advise you to have a mentor orientation on how it works before getting involved. Trade offers more benefits than just holding.
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.
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.
Dr. Steenbarger's Blog: traderfeed.blogspot.com/
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.
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.
@@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.
@@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?
@@mariahhayes5089She is a licensed fiduciary in the U.S, i work with her to trade my securities.
@@mariahhayes5089Just look with her name online, you will be directed to her page, there you can leave your messages.
"The secret to permanently breaking any bad habit, is to love something greater than the habit." Great quote. 👍 good content
yes that's a great one
🔑
👍🏻
+1
One of the most amazing and beautiful psychology lesson not just for trading but for the overall life.
Never clicked on a video faster
haha
Didn't even blink.
Same way you did when u entered that FOMO trade
click faster on the video than when I clicked buy or sell out of fomo
Guys a video with stay on your plan guessing discipline can it be found?
I cannot believe this is free. Thank you SMB Capital and Dr Steenbarger
Thanks for making trading psychology a specific topic. Really appreciated. Hope to see more related content in the future!
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
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
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!!!
I can't be more thankful for such a trading content !
Thank you SMB, Thank you Dr. Steenbarger !
This is pure gold. Thank you for sharing!
Amazing, thank you Dr. Steenbarger & SMB Capital for the recording!
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,..
Thank you all for being part of this production. Im a subscriber and look forward to more content.
More to come!
That was a great video. I’ll be watching again with my journal. It’s always so interesting the mind body relationship.
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 !
What an amazing person Dr Steenbarger is! I am reading his book “Trading Psychology”. Brilliant read!
This true real practice advice!!! I love it exactly what I was searching for! Thank you for this big eye opening advice
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 ;)
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.
I’m going to play this video in the morning every day I trade. Thank you! 🙏🏼
Thank you Dr Steenbarger for these amazing lessons! Cant believe i haven't watched before some real Psychology gems appreciate the video, thanks! 😎
Best guy in trading Psychology Dr Steenbarger, hats off to you and SMB!
Happy Birthday Brett....and many happy returns!!
Killer info!! thanks mike and dr steen , very much appreciated!!
Came here for getting rid of FOMO took some really great learnings 😊❤️
Awesome insight and sharing! Thank you so much!!
Brilliant piece of info .... thanks to SMB team to share it .....
Amazing insight from the gentleman,drilling diwn to the core of FOMO
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
Very clear communication skills and transparency
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)
Much respect for Dr. Brett!!
yes, absolutely!
Love that guy. Thanks for posting!
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.
I love this guy - a leading authority in his field
Absolutely top notch advice here. Thank you sir.
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...
This channel is very under rated. Excellent content
Great video, The best I have watched all year..
Most to the point problem (“THE Problem”) addressed very appropriately
This video saved my life. thank you so much.
Thank you!! Great stuff here!!
This guy speaks so nicely!
Thank you sir for all the giving ...... So much to learn
Thank you Dr. Steenbarger. Valuable lessons to take onboard and mediate on them always.
thank you! so much value here!
best trading psychology video ever watched!
Thank you so much that was really helpful.
I could watch this all day.
These Dr. Steenbarger videos are so great.
Does the magnitude of profitability just not matter at all? that can't be the case. but I get it!!!
Very informative video. SMB Capital always provides us, Traders, with valuable direct applicable contents. 🇦🇴🇦🇴🇦🇴🇦🇴
My heart glowed when I heard Dr S drop the F bomb. I love it
I needed to hear this.
Thank you for Sharing this watch this couple of times.
🙂
Thank you for sharing amazing . Tq SMB and dr. Steen
Our pleasure!
Excellent, thank you!
Thank you SMB 🙏
this channel is a gold mine
This man is a legend! 😎
this is so good. thank you
Amazing! Just need the real life implementation of this..
Growth and development makes us more successful in the long term
Great content! Thanks a lot🤗
Awesome info, thanks a lot.
Thank You Dr S n SMB
🎯 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
Man, I wish I saw this video a month ago lol
But seriously, brilliant man
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
Thanks for your book
One good trade
i am feeling like dr steenbarger is talking about me...mind blowing
I found great value in this. Thank you for making it available.
This is absolute gold. This will make me a better trader.
thx Joseph!
🥇
@@smbcapital no thank you!
Did it?👀
@@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!
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
Math is your best friend. Hope is not your friend.
Preach it
Great, if you get it from the beginning, numbers Wil add up naturally.
excellent content!
I need to watch this video every single day.
Value here, thanks smb
Thank you so much
Love this!
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!
show notes coming on the blog
@@mbellafiore19 thx! I will be on the lookout for sure
🤘🏽
Great stuff!!
this is extremely useful
Sooo amazing. Thanks😍😍😍😍😍😍😍😍😍
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
Dr.steenbarger teachings and guidance are priceless.
God bless Smb for providing access via RUclips for all traders to study and apply Dr.steenbarger teachings.
Priceless 🙏🙏🙏😊😊😊
we are happy to share with the trading community
$DRIP all in life changing trade
Excellent
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.
always decide levels and act on that like a robot
SMB always with the goods
Thank your for the video
Hey buddy. Above is my personal digits,,
Get in touch.
Awesome presentation got a lot out of it. Spelling error at 26:59 . I have to work on being so pedantic :)
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.
I always advice new members and will also advise you to have a mentor orientation on how it works before getting involved. Trade offers more benefits than just holding.
Kate Floretta
Face book
She Trade for Top Celebrities and super stars & could Mentor you.
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.
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.
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.
This is a great video with great advice. Very grateful that SMB is posting this content for free! Cheers and have a good Christmas break!
Can I apply quit smoking mindset to getting rid of bad habits in trading? Are they even close in some ways?
Fantastic insights from Dr. Steenbarger. Thank you SMB for your generosity to share such content.
Glad you enjoyed it!
This is Gold!!
thx andrew!
What an amazing lesson, too much value in it. Thank you for sharing it!! Greetings from Central America.
This video is a relic. With this little piece of advice you can do better for life, thanks for sharing!!
You bet!
loved it :)
P&L should never be the measure of our self worth and our abilities, big lesson.
absolutely
That is such a great comment. 👍