Trader Psychology: Every Elite Trader Has These Six Qualities With Dr. Brett Steenbarger
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- Опубликовано: 14 май 2024
- Trader Psychology has long been recognized as a huge component of any traders long term success as a trader. In this video, we interview world renowned trading psychologist Brett Steenbarger in connection with research that he performed about the major traits that distinguish elite traders from the rest of the pack.
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Six Qualities of Elite Traders
1. Capacity for Sustained Focus
2. Originality & Creativity
3. Learned From Mentors & Great Traders
4. Emotional Resilience
5. Attention to Detail
6. Always Working to Improve their Game
Great and valuable video. Thank you, Dr. S!!
Thanks a lot Dequan!
The most creative trader I knew actually would study losing traders on twitter and other sites. He would employ the worst ones, and trade against them. But not their individual trades as much as their timing the markets. He was shocked to find their uncanny ability to pick tops.
From years of study. It came down to one simple thing: Find something that works, make sure it works more than not.
Is there a test I could take to identify my traits?
@@ferdimanville1901 Start with Personality Tests, then define your emotional weaknesses.
These are very valuable rules for anybody who wants to get rich trading. Unfortunately, most people who will watch this video will not really be able to apply the principles. We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise. No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit. I just don't know how they do it. I have about $210k now to put in the market.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. I know someone who made over $350k in this bearish influenced market, but to the best of my knowledge, it was through an investment adviser.
@@kashkat987 Yeah, investmėnt advisėrs could make a lot of difference, particularly in a market such as this. The market are pretty unstable at the moment, but if you do the right thing, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there is a lot of wealth transfer in this downtime if you know where to look. I have been using an investmėnt advisėrs since 2019, and I have gained at least $1.3 Million ROI, and this does not include capital gain.
@@Ammo-Hoarder Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about it. I'll appreciate any recommendation.
I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "LISA ELLEN SHAW" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
@@Ammo-Hoarder I just checked her out and I have sent her an email. I hope she gets back to me soon.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@jesbensommichael8397 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.
@@georgerobinson2021 Oh, that sounds good but how do I reach out to MARTHA ALONSO HARA
@@jesbensommichael8397 Look up her name on the webpage
@@georgerobinson2021 Okay, thank you. I just found her website very impressive and dropped a message for her.,. I hope she replies to me
And patience is the key... Don't force a trade. There's always gonna be another trade to get it if u miss one
if i was able to sit on my hands during the trading hours and follow my rules,i would have at least 4x times more money :-D
Everyone knows what to do to become a trader.. doing it consistently is the thing that's hardest..
You're right ◉‿◉
Facts!!!
As the son of an Ivy League educated mechanical engineer with advanced degrees, and as a former college professor myself, I can tell you that several of these qualities are good for most anyone in the workaday world, and they're qualities I learned from my dad, on through college and on the job. To be a trader, you certainly need a self-starter, entrepreneurial mindset. There's no time for the lazy and unmotivated, so sustained focus is essential. And like anything, you have to start somewhere, so start with someone you trust and connect to. Not everyone can be YOUR mentor. I always preached attention to detail to my students, because no employer wants to hire the mentally lazy to screw up for a good salary, and as a trader you're dealing with your own money, so that should be enough motivation. One last thing I can tell you is that ALL highly successful people are CONSTANTLY learning, and NOT just in one field or from the obvious places. A diverse background of knowledge will always come to your aid, no matter what you do. I suggest you read books on critical thinking as well. Your mind is your money muscle. God bless.
You nailed it !!! Your excellent comments lack many, many likes because there are only so many with this traits. I assure you that your comments are excellent!!! I am that diverse person who are constantly seeking to improve myself. -a reply from an engineer, entrepreneur, business owner, loving father and husband, and of course loving son of my elderly mom.
The right investment can get you ahead in no time.The pandemic has shown us just how quickly decades of planning, investing and saving can be completely upended. This could mean your current financial plan might leave you without enough money to last your retirement. A recent Vanguard study found that, on average, a hypothetical $500K investment would grow to over $3.4 million under the care of an advisor over 25 years, whereas the expected value from self-management would be $1.69 million, or 50% less.
In other words, an advisor-managed portfolio would average 8% annualised growth over a 25-year period, compared to 5% from a self-managed portfolio
@@kurttSchuster Over the following 3 months, I want to increase my reserve from $280,000 to at least $550,000. I would be grateful for any advice you can give on how to accurately predict the market and how to diversify and balance my portfolio in order to accomplish my goal.
@@kurttSchuster I looked up NICOLE online using her fullname and researched her accreditation. She seem very proficient, I wrote her detailing my Financial market current position, goals and scheduled an appointment. Thanks
Here is another list that is probably just as good :
1. Having an edge
2. Delayed gratification
3. Extreme patience
4. Self discipline
5. Having a curious mind
6. Having a simple life away from drama and toxic people.
Like that list ? How about try this list that is also just as good :
1. Having no ego
2. Being processed oriented rather than profit oriented
3. Mindfulness
4. Ability to stay humble even after extreme profits
5. Ability to visualize negative outcomes to avoid catastrophic mistakes
6. Accountability
Also not bad huh ? Well, how about this that might be just as good :
1. Passion for trading
2. Ability to recognize certain patterns ( Pattern Recognition )
3. UnStubborness ( Ability to admit you're wrong and change course )
4. Creating a strategy that suits your own personality
5. Ability to measure progress
6. Choosing being progressive over perfection
I guess you guys get the idea..Do not get bogged down on such lists of certain characteristics written by psychologists . Everyone is different and everyone trades differently.. Trading is a game of psychology and there is only one crucial thing you need to figure out : How do I become a consistently profitable trader ? The ultimate goal in this game of trading is to become consistently profitable..Once you work towards this goal and as you achieve it over time you will be able to write down your own characteristics that have made you a consistently profitable trader..
Excellent Lists here! For me it’s just need self discipline to take losses. Otherwise I seem to have many good setups🤷🏼♂️
My number one is to set proper targets and holding them until filled.
Most of the traits you wrote are the same thing just said differently
Awesome good effort 👌
It's not about the money it's about getting the trade right.Strategy,Skill,Discipline.
I've only been trading 4 months and I'm crushing retail traders with the banker's strategy..
The whole vid is a big confirmation for me! I am glad, I found it!
My personal rules:
- Never be fixated on profit
- Don't fell for FOMO. Set a daily limit for living and everything above is only allowed at strong signals!
- ALWAYS stick to your rules
- Never stop improving (as discussed in the vid) your strategy (if possible). Don't change fundamentals to go drastic steps because of market movements.
- Trading is NOT a game! If you get bored from a slow, choppy market, quit for the day. Concentrate on what you are good in don't try a new terrain out of boredom.
those are great rules
It's all about risk to reward and plan your trade and trade your plan. And journal! I lost more then I won this week and still grew my account 30%.... AWESOME!!!!! TEAM ABUNDANCE!!!!
Well, I’m 68 years young, and during Covid19 I started learning how to trade CFDs online. I have had a great time learning the ropes. I agree that we will all make mistakes, and those mistakes teach us how nit to get bitten by the same mistake. One has to have an entrepreneurial attitude. As an entrepreneur one will have everyone telling you that you can’t do this or that, and you must have the ability to accept failure, without giving up. At the moment I make around 300% per annum on the limited investment that I was able to make, of $50,000-. I have listened to your successful traders who struggle with up-scaling. I think I would also struggle with that. All that I do is I use less and less of my capital to continue to make what I consider to be an acceptable income. That way I can afford to make a large error without stopping out. Thanks for your videos. They draw our attention to things that we have forgotten.
Nice to see a good comment,really insperational
Thank you very much for sharing your thoughts.
Semangat anda sangat inspiratif, semoga panjang umur sir😘🙏
Always thinking outside the box and constantly improving myself.
At last I can see Dr. Brett Steenbarger, he was mentioned so many times in all SMB videos and in One Good Trade. :)
I’ve been playing competitive video games for the last few years. My transition to fast pace small cap momentum trading has been pretty good. I’m fascinated on this being a talked about topic.
Good stuff!
I grew up playing online multiplayer war games. I had to take action so much faster than I do when I'm trading and that's why it's so great as a preparation.
Hey Scott, I’m in the same boat I played competitive overwatch, what game did you olay
Gamer here as well and I’m fascinated with the idea of using those skills to trade better. I’m currently in the process of becoming a stock scalper using 1-minute charts on higher-volatility stocks under $20. What are you currently trading?
Outstanding!
I have known for awhile that I want to trade weekly to 30 days out... not daily ... not long-term, etc.
So important to Know Thyself!
I know I have majority of these traits. One thing I have to admit though is I never learnt TA per say from mentors since It was all self taught. I personally couldnt afford mentors or courses at the very start of my trading career, but I did research to find out what other traders did as mistakes and prevent myself from going through that experience. I was ALWAYS attentive to what traders experienced. even 6 years later, im still attentive.
28:40 is a fantastic question and answer. Start there and then restart the video. Great stuff.
I feel lucky to have access to this talk. Thanks SMB Capital.
Glad you enjoyed Gita
Seth is great because he helps bridge that massive gap between thinking you might be able to do this stuff and actually doing it. I have a friend who is a comedian and he says there are a lot of funny people who don't have the courage to walk those 18 feet up to the mic and do their act. I think it's the same for trading, you have to start somewhere and hopefully you will find your way into a community of people who are as turned on by this as you are and are will to share their ideas and grow stronger together. The one thing I would mention in addition to the six brilliant points that Brett made is you have to want it enough to do the work. It may be less exciting to do the detail work of back testing than to actually take 5 or 10 grand out of the market but still you have to get comfortable in that space and develop your own level of expertise. Great job Seth and Brett.
This interview helped me identify the traits in me that I can build on to become a better trader. thank you for interviewing Dr. S.
Great to hear Ken! Thanks!
Agree, same response and would add it's the first time I've watched extended video of Dr S. ,, very pleasant experience, from the audio I am mostly used to. He comes across very well with added dimension of picture. Thank You for posting this !
Great!
I don't know how anyone can give this a thumbs down. If you are a mature person and can be self reflective, consider external feedback, etc. You will see that these are all things that would make you a better trader. And, actually, that other mentorship companies say the same thing, in a different way. Of course, most of them are book readers and have coached with this Dr.'s book in the past also ;)
thanks! Dr. S is great. always a pleasure to have him around
Thank you for sharing you wisdom and expertise. I am humbled and inspired by your knowledge and gifts.
Thank you Seth. Great work on this interview, you did an amazing job steering the conversation!!! - I appreciate your time, as well as Dr. S's, and I whole heartily thank you for sharing this video with us! Thank you Seth!
Thanks Brandon! Seth did a great job interviewing
Mark Douglas is also someone to listen too
he's good
It's shall be compulsory to watch this video to every new trader........ What's insight you give to us, it's just priceless..... Thanks from india.
Always working to improve my game has helped me learn great strategies ideas but it causes me to want to alter my strategy every 3-5 trades.
I am now testing all 3 of my entry strategies with for 20 trades each to finally find the best entry strategy for my setup after 3+ years of going back and forth.
A marvelous video. Relevant to artists, traders, and everybody else. Bravo.
So glad I found these videos. These by far out do all those other 'trade like Chuck' stuff.
This wasn’t only great for short term trading, but great for value investing. Thanks for the continuous great content smb.
Thanks Tim!
Excellent stuff, myself also a doctor from india, following you and Bella, each and every word said is GEM , people will only understand once they spend some time in the market.
Absolutely FABULOUS video!!!!
Thank you for sharing.
Sharing knowledge benefits the whole of the Trading World.
Seth,
Thanks for the offer to review & comment on our self-assessment of our abilities relative to the 6 qualities discussed with Dr. S. I believe I lack sustained focus in an aspect other than the fast-slow dichotomy. I am an engineer running my own consulting business and working on transitioning to trading and investing as my primary business.
An example of my issue: In order to frame my message, I went back through your video to review Dr. S’s concepts. While listening, I caught Dr. S’s mention of Kahneman’s book. So, I went to Amazon to get the book. I had the choice of also adding an audible version of the book and I thought I have a 5 or 6-hr trip to a project coming up and an audible version would be good. But I wanted to make sure Audible would work with my setup or if I should look for the audio CD’s. So, I went to the Audible website. Then there was an issue of Audible before Amazon vs Audible that is now part of Amazon… A half-hour later, I am finally back to my post to your video comments and it took over 2 hours from the start of this message to posting it.
In my trading, I believe this manifests in sorting through news and chat room info as I enter and execute trades as well as manage FOMO & other emotions. I start trading early and try to be done by 9 AM (Noon Eastern Time), so I can then focus on engineering for the rest of the day. But engineering business calls, & concerns weigh on my trading and trading concerns weigh on my engineering work.
Learned from Mentors & Great Traders: I am the part of the retail trader plankton swimming around in front of the pod of blue whale self-proclaimed “mentors and great traders” (mag-ts). One of my first lucid moments with an early mag-t was the revelation that he was tired that day because he was working a 2nd job to be able to afford a vacation to Europe.
Sadly, just like the next chart indicator looks like the "Holy Grail", the next mag-t seems to be the "Real McCoy". The grass is always greener...
I notice that most of the people I have worked with (and there have been many people and $$ spent over the past year) are really good at telling me what has already happened but when it comes to explaining what is happening in real-time, they cuss, kibitz, hit & miss, etc… and generally do not provide coherent, actionable guidance.
The other side of the coin is that by going out and fighting the battles in the markets, certain insights like those shared in this video are sinking deeper into my soul and I can better sort out BS and absorb good, usable info.
Emotional Resilience: I just ventured back into minis from the micros after a successful week in micros yet with the frustration of seeing my brokers make most of the monetary profit. But I am not trading the minis as well as the micros. And I think my emotions are the turd in the pie in this transition.
Thanks in advance if you made it this far.
Bravo guys...I'll admit. This is one of the most creative (and probably most expensive to rent Doc) sales pitches I've ever sat through online. Good hustle guys
Excellent information. Thanks very much and thanks to Dr. S!
I've been following Dr. S since his blogspot days!!!
Thank you so much for sharing this video.
As a former professional gamer who made a segue into trading as my new "game", i couldn't agree more with good Doctor's analysis.
So much of the skillset and the psychological traits that were the foundation of success in the gaming world also apply to the trading world!
*PATRICIA DRITA JOSEFINA* is the coach that guides me, She has years of financial market experience and she is also FINRA & SEC verifiable
Use the above name to search for her on google and message her there.
Thank God for you tube. I have took advantage of all the free mentorship. 😊
Great conversation. Thank you for posting.
Great take aways from this video definitely shown me things I can do to improve my trading like the creative/unique trades I can definitely think out side of the box more and try different ideas. thank you!
One of the best webinars I have seen lately Dr. Brett comes closest so far to the legend Mark Douglas.
1. Capacity for Sustained Focus
- I have a BSC in computer science so I know I have the capacity for sustained focus probably more on the deep thinking part as I like to envision different trading scenarios but I do enjoy scalping also.
2. Originality & Creativity
- not sure how I would stack up here, probably on the lower end since I like to do what works
3. Learned From Mentors & Great Traders
- 100% agree great mentors are best success predictors by far
4. Emotional Resilience
- I used to be depressed after a losing trade, now I know losers are normal and would be madness to think otherwise but still it is the hardest part of trading for me as I tend to trade my PNL and screw up good trades.
5. Attention to Detail - I like to put my SL above/below pockets of liquidity and I enjoy polishing my excel sheets stats bordering
6. Always Working to Improve their Game - I agree, as long as you have a solid base otherwise it can be equally destructive
4 and 2 would like to know who to improve
Mark Douglas is the greatest traders, investors psychologist. I was introduced or recommended to him by Dr Brett. Great combination for trader mental and emotional stability👍🏽
One of Mark Douglas's greatest comments...If you can learn to create a state of mind that is not affected by the market's behaviour, the struggle will cease to exist.
Excellent knowledge and insight explained very well and clearly.
Thank you ! This content was pure gold and much needed !!!
Glad it was helpful!
i remenber when i started to trading i had lost lof of money but now after 2 years of experiencies of learning i can pay my all bills and save up money because of the trading life , im helping people the way i trade thanks to the lord to learned that strategy it feels good being my own boss finacially talking
nice work victor!
Thanks to SMB Capital for all this great stuff. @Mike: Soon the day will come when I can shake your hands in NY and say thank you for all your help. I am working on it.
I think my emotional resilience is slipping. I had a couple of careless/sloppy trades and I'm a older now. This clip hit home for me at the right time. Thank you Mr.Freudberg.
It's all about Dr. S. I'm just a lowly interviewer :)
this channel is my greatest source of knowledge and inspiration for my options trades! thank you for everything!
Awesome to hear!!
Great to know Ricardo
Fantastic video. This guy speaks my language. Brilliant work.
Great interview. Now I know where I stand.
I am fairly good in all categories however my biggest issue I find is that I am a perfectionist and lack emotional resilience. I have a unique edge and adapt well and when I maintain sustained focus I can make a killing. However, if I slip up and make a trading error of some kind or don’t follow my rules ext ext. one slip up can lead to a downward spiral. I begin to pick everything apart and question whether I’m even capable to begin with. I know I likely need to put my hours in to build my confidence and set realistic expectations for myself and my growth. If I can catch myself before I begin to spiral, I will be successful without a doubt. Thanks for the great content!
Great video and lessons.. Thank you so much for it
Amazing video and information...Thanks a lot.
I think the statement at 22:30 resonates with me the most. I’ve had some terrific ideas over the past few weeks, some of them turning into huge 10% - 50%+ moves, but I didn’t have the experience or preparation to act upon the idea in a way that made me feel comfortable enough to actually execute the trade. All in time.
Me as well
This is overthinking. Buy one share; track against the idea.
Glad I found this video. I had better start looking for another endeavor! 😭
Thank you for the interview
It was great to watch this video today.
I have all the qualities barring one...
I have a favourite setup and stick to it. Though I include other parameters to back it up. Trading 7 months in everyday and right now I have reached a stage where I am winning more and losing less.
Oh and I forgot to add, I am currently at lesson 54 of "The Daily Trading Coach"
Man that book blew me away. By far the best trading book out there
And I haven't finished it neither xD
also i registered for the webinar! you guys are fantastic!
Sweet! Hope you enjoy it!
Always great Dr. S. Thanks😍
looking at different informations than the others... or looking at the same informations differently... WOW!
1. Always working to my game. I'm great at that! I'm also willing to learn from mentors. However, I'm not sure how I stack up in being a fast OR deep thinker. I'd undoubtedly be better at thinking deep than thinking fast.
we arent trying to find the meaning of life here. think to deep and youll miss an opportunity. its the ability to see probabilities that help most while day trading. as always good luck on you career sir I hope nothing but the best for you
Great video! Very good questions from interviewer
Learned a lot from this video. Thank you 🙏
Great insights. Thanks for sharing!
I have extreme focus. I have spent countless hours developing spreadsheets to give my trading and stocks picking an edge. I’m also very fast to read charts and identify what price action is saying. I probably should be more flexible in looking at the bigger picture.
Six extremely relevant qualities for being an elite trader.
Dr. S is awesome! I was able to meet him at T4AC. I'm not an elite trader yet but I have all these qualities.
Good thing the qualities I do lack weren't mentioned. Lol
lol
Thank you Seth and Dr. S. for the info. Thankfully I possess these traits, but still have a ways to go. I am working to become the best I can be. Reading Mike Bellafiore’s Playbook and Dr. Steenbarger’s The Daily Trading Coach. I highly recommend both as they are jam packed with practical tools for anyone seriously desiring a career in trading.
Great suggestions!
The Daily Trading Coach was my first book I read on trading. Love that book.
@@flowerhour9539 Dr. S. is the best :)
I am a trader.
Sometimes, i like to use "Cash Put" & "Covered call" method.
However, I am very strict on this method & I only apply this method on stocks that are fundamentally strong.
My definition of fundamentally strong stock is like blue chip stock that are bellwater stock to that particular sector & Some fundamentally strong stocks are indexes and sector etf.
However, there is a particular loophole on my method.
Which is the stop loss on cash put position. It sometimes go way below ITM position.
Just asking, is there any mechanics of stop loss that i can employ here for cash put position & YET maintain a good risk reward ratio?
Cos, Cash Put stop loss position, usually ITM put, will automatically tilt your risk reward situation drastically.
Very interesting. I have to work at doing well with "detail"- I am learning and getting better
. It is assuring to know I might score higher with the other five qualities.
keep at it!
Train your brain to notice minute detail in various forms. Where's Waldo Puzzles count - Writing/Editing Publications, Articles, etc will also help. Your brain is a blackbox; feed it what it needs to improve.
I definitely feel confident in the capacity for sustained focus, as well as emotional resilience and attention to detail. However, I need to improve on originality and creativity; I take other traders' successful strategies and implement them to some degree of success ... I believe I need to take pieces of other peoples' strategies and create my own successful one that works best for me. It is also difficult for me to find the right mentor/community. I am not a part of any financial institution and I trade independently from home.
Great Interview !! Thanks SMB capital for providing such valuable content !
You got it!
Thanks for the great video !!
Underrated channel, impeccable content!
VERY important to find good mentors. Ive seen people follow "mentors" that have never traded real money
Valuable for sure.
Trading Psychology 2.0 it's my fav book. He the best..
He's the best.
Ive been watching videos of mark douglas. What can you guys say about him. Rip mark douglas.
I need to work on my Process. Patience and Persistence
Very insightful, thank you
Great insights, thank you.
This was needed. Thank you.
you are welcome!
13:30 Curiously, the reason that you find fast food places all next to one another in a little food court on the side of the road is because, it's been found, when you have multiple restaurants right next to one another, they all do better. Wendy's actually skips out on their locations research budget, and just opens up restaurants right near McDonald's; when they're not near a McDonald's, they're near other clusters of chain establishments.
I can’t focus for $hit! I’m a drummer, constantly changing patterns, processing simultaneous observations and thinking about the next thing coming up. I believe that’s what allows me to be CPT. Good thing I’m an original and creative drummer as well! Another great vid from the awesome folks at SMB
I am a peanut brain, I can learn to trade from SMB’s BEST and most experienced traders
Brilliant video.
Thanks a lot SMB!!!
Really needed this for my trading... which is currently not so great.
But I am willing to put in the work to improve my game, and Brett gave me a lot of inspiration to analyze my mistakes.
I would say my strengths are definitely analytical...
I'm strictly a technical trader and I'm very good at picking up patterns, whether it's a trend, range, breakout, etc.
I'm not sure whether I'm more of a fast or deep thinker... but I'll lean on deep.
My weaknesses are emotional.
AKA my temperament.
I tend to take losses very personally...
I let my losses take over me which have led me into losing streaks that spiraled into a blown account.
And that is the #1 thing I need to work on if I ever plan on being consistently successful.
Impatience is also a big one for me.
A lot of times I will want to rush a setup just for the sake of being in the market.
That's all for now.
Cheers!
good observations of yourself! stick to your strengths and improve the weaknesses.
Your emotional situation is a disastrous disorder. It is a borderline illness that must be controlled and extremely difficult. You are born with that mindset. Please proof me wrong by cleaning up your act and get it together and grow up some. On the plus side, you are gifted with the deep thinking abilities. Please use that to foresee and visualize your weakness thus suppressing or controlling your emotion. I wish you perfect it and became better person in general and most importantly a successful, financially independent individual.
Amazing Video! Thank you!
VERY enlightening. Thanks
I been trading for 7 years and realized that this one fundamental keep people from making money and noone does it..
its called studying..
Definitely adding this to my chat, thanks for the information 🙏🏿
Glad it was helpful!
thank you, was helpful
Thank you 🙏 wonderful conversation
Glad you enjoyed it!
Absolutely phenomenal
Thx!!
The main problem I have is that I want to be good at everything. In effect faced with the conundrum Jack of all trades, master of none. At the same token the market always changes being able to think outside the box is something I do have ... perhaps a little too much!!!
Hi, and thank you for sharing.
If I may suggest it would be to foreshine the question somehere at the conclusion of the introduction:
I couldn't reenter the initial reaction with my experiencing self and the answer that the remembering self was offering to your final question where running a high risk of being in bias.
So the thing to work on myself is to allow for including the wider frame bias work in tandem to 30min. -2.5hr bias.
The other is to keep good track of absolute time, because when working in multiple timeframes time ceases to be felt intitively.
My favourite games were Operation Flashpoint, Civ 2, Sim City 2000, A-Train, Planescape:Torment, River Raid but I'm a tad too early born to having have turned pro, counterstrike was out when I was in college.
oh and eastern front 1941, which I recently learned included a primitive but revolutionary ai algorithm and the game is widely regarded as impossible to win, and I used to give myself such a hard time about it, lol
Great video.... i love day trading and know its meant for me. Understood this fully. And came to this conclusion on my own. I don't have a mentor personally but youtube is my mentor and I'm fine with that. My secret sauce is my personality cater to this field. Iam unattached emotionally enough to handle the tough times which usually occurs from me. But I see it as my learning curve and it reassure me to always trust my intuition. I certainly lost more than I gain in the field but I'm making great progress and my loses is gone i like to feel as I'm not building to get my money back but to just get better and gain and build with a zen patience. Im growing and up 20k for the last 2 weeks steadily climbing.
One thing I learned was situational call/put in and out. No long holding. Momentum trades. Take the gains and run.
Thank you for this 🙏🙏🙏
Our pleasure K.
Great info. Thank you.
my best quality/setup is to have a big picture idea and find the intraday flow to trade within the bigger picture idea..
This guy Dr. Brett is fantastic and super super smart.
He's great!
Great video, wish it was easier to find a good mentor than to find a scammers trying to rinse every little penny out of you! Doing all by yourself isn't impossible I believe but it will just take a lot longer! Great video🙌🏻