The Psychology of Hedge Fund Traders (Insights from Elite Trading Psychologist)

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  • Опубликовано: 16 май 2024
  • SMB Inside Access Just Launched: bit.ly/49QoVgy
    SMB Trading Workshop (Learn 3 Trading Setups): bit.ly/3QiD9Qp
    Dr. Brett Steenbarger's Blog: bit.ly/traderfeed
    00:00 - Intro to Dr.S
    00:40 - Traders Must Network
    02:05 - Why Hedge Funds are Successful
    04:05 - Why Traders Don't Succeed
    05:50 - Key to Success as a Trader
    07:43 - Who are You Making Money From?
    11:58 - Think Like the Big Hedge Funds
    15:02 - Why the Big Picture Matters
    22:00 - The Role of Creativity in Trading
    25:03 - What Makes a Really Successful Trader?
    28:41 - The 4 BIG Dimensions Important to Performance
    31:15 - Think of Trading as Multiple Processes
    34:58 - 4 Components of Success in Hedge Funds
    36:26 - Important Perspectives in Peak Performance
    39:05 - Questions
    #tradingpsychology #daytrading #tradingmindset
    SMB Disclosures www.smbtraining.com/blog/smb-...

Комментарии • 143

  • @smbcapital
    @smbcapital  21 день назад +8

    SMB Inside Access Just Launched: bit.ly/49QoVgy
    SMB Trading Workshop (Learn 3 Trading Setups): bit.ly/3QiD9Qp
    Dr. Brett Steenbarger's Blog: bit.ly/traderfeed

    • @bobbysahye
      @bobbysahye 11 дней назад

      q1qq1q1qq11q11q11111q,😅😅

  • @Rix53
    @Rix53 18 часов назад +33

    With ťrading, technicaI analysis skills alone are not enough; discipline and emotional maturity are also crucial for success. The saying "time in the market vs. timing the market" is a good mindset to have during market fluctuations. Thanks to Evelyn Infurna’s insights, daily ťrade signaIs, and my dedication to learning, I've been increasing my daily earnings. Keep it up!

    • @Rix53
      @Rix53 18 часов назад

      SHE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

    • @Rix53
      @Rix53 18 часов назад

      @Infurnaevely

    • @Petersnow-ni7yg
      @Petersnow-ni7yg 18 часов назад

      Sounds interesting. I was planning to invest in some cryptocurrencies, save and quit for a few years, but when I saw this, my mind changed. Thanks a lot

    • @LynetteWilson-pw4vp
      @LynetteWilson-pw4vp 18 часов назад

      Wow, I'm just shocked that you mentioned and recommended Coach Evelyn Infurna I thought people don't know her… She's really great!

    • @RossLeonard-ze5rk
      @RossLeonard-ze5rk 18 часов назад

      Trusting Evelyn with handling my investment was one of the best things I did for myself. You stand to monitor your investment and request payouts at any time.

  • @TreyMilan
    @TreyMilan 16 дней назад +63

    Thank you for the breakdown, your content keeps making it easier for me to understand how trading works in general. My question now is how can I approach the market at best if l'm still a newbie with no trading experience?

    • @hedamjohnson5030
      @hedamjohnson5030 16 дней назад

      Firstly you should create your trading strategy,second is your system that has an hedge and lastly you need to have a proper trading psychology. You need all 3 to reach profitability, without having these 3 you just might not be profitable

    • @JoeRamey-mt7gj
      @JoeRamey-mt7gj 16 дней назад

      Open a demo account with any broker and start trading. Figure out what concept is suitable for your trades and then you can transition over to prop firms.

    • @jonesrinde4369
      @jonesrinde4369 16 дней назад

      Spend a couple of months to fully understand the basic of the market

    • @benjaminbruce1833
      @benjaminbruce1833 16 дней назад

      @HEDAMJOHNSON just got started with trading and I'm still developing my own trading strategies. how do I go about getting proper trading psychology ? so I can get to trade profitably.

    • @chicobeen-wi6hg
      @chicobeen-wi6hg 16 дней назад

      Trading with ex perts helps beat uncertainty,emotions and also gives you proper trading psychology. Basically why I work with trading ex pert cooper to secure my financial spot while I learn and earn through the provided analysis.

  • @jesseterry11
    @jesseterry11 6 дней назад +2

    Just understanding that the right energy in your life is one gem I get from this guy

  • @justjakefornow
    @justjakefornow 13 дней назад +1

    I have been needing a lesson like this for over a decade now. Better late than never.

  • @bottomphishing7377
    @bottomphishing7377 18 дней назад +3

    Absolute gem, thank you for sharing.

  • @ryanmsalisbury5499
    @ryanmsalisbury5499 15 дней назад

    Love his positivity and outlook. 😊

  • @TalesOfTrillions
    @TalesOfTrillions 20 дней назад +9

    The emphasis on mentorship and practice over just jumping into the market is spot on. It's not about luck; it's about strategy and discipline. 💪

  • @georgekatcharava6087
    @georgekatcharava6087 20 дней назад +5

    i agree with Doc! you have to find what strategy/setup makes sense to you the most and trade that. become an expert at it and make it work for you. makes perfect sense! ... way to go doc!

  • @lalodominguez7121
    @lalodominguez7121 11 дней назад +1

    Fantastic lecture. Thank you for sharing

  • @Caustin1050
    @Caustin1050 20 дней назад

    Thanks as always for the great content.

  • @matthewtan3809
    @matthewtan3809 21 день назад +1

    thank you for sharing this

  • @wildrabbt
    @wildrabbt 8 дней назад

    Thankyou for this great lecture 🎉

  • @sjcan77
    @sjcan77 19 дней назад

    Very inspiring, and so many truths shared there. Thanks for posting!

  • @joefeinstein6804
    @joefeinstein6804 21 день назад +1

    Great coaching - thanks!

  • @mrdinkh3209
    @mrdinkh3209 18 дней назад +1

    Great seminar!

  • @billc3405
    @billc3405 21 день назад +1

    Amazing video thank you

  • @REEZTRADING
    @REEZTRADING 17 дней назад +1

    Thank you 🙏🏻

  • @michaelmaran4473
    @michaelmaran4473 17 дней назад +4

    Really great presentation. The most interesting part was around the 4 minute mark - I would have loved a good question on preparation in the Q&A. "In every performance field there is more time spent practicing and learning than actually performing" - Biggest golden nugget in the hour

  • @PlayBoyClub
    @PlayBoyClub 8 дней назад

    Thank you so very much

  • @RichMafiaMoReala
    @RichMafiaMoReala 20 дней назад

    Thank you bro.

  • @Grateful-Hedge
    @Grateful-Hedge 14 дней назад

    Thanks for sharing

  • @1320wolf
    @1320wolf 21 день назад +7

    My favorite trades are longs into retail shorts stopping out. My best trades are within the first 15 minutes after the open.

    • @charliemcgrain
      @charliemcgrain 19 дней назад

      Can you be more specific? At what point do you think retail shorts are stopping out?

    • @AngelRodriguez-dz8yd
      @AngelRodriguez-dz8yd 19 дней назад

      @@charliemcgrainhe doesn’t know what he’s talking about.. or his strategy really is to play against .01% of daily volume which i doubt is profitable LOL

    • @samlah2319
      @samlah2319 14 дней назад

      ​@charliemcgrain he waits until buy stops are taken and then longs after. So after an old low is taken or after a major dump. And these moves usually happen the most during NY am session.

  • @mmm-cake
    @mmm-cake 21 день назад

    Thank you

  • @totorina4353
    @totorina4353 21 день назад +2

    Thank you for the content

  • @mohameddraou4063
    @mohameddraou4063 21 день назад +1

    It's very helpful

  • @johnotaran
    @johnotaran 19 дней назад +1

    Great insights ! Dr. Brett Steenbarger mentioned about low volatility creating on average more reversals, is that because true momentum creates a sustained directional volatility and without it, stocks tend to reverse to the mean ?

  • @jeevansolaskar15081992
    @jeevansolaskar15081992 3 дня назад

    Good to hear you sir.
    May I know what will be ideal chart time frame we can use for scalping.

  • @djmacp7219
    @djmacp7219 5 дней назад +1

    do you guys offer online courses and do you guys take VA?

  • @sanketsaharkars
    @sanketsaharkars 21 день назад +1

    Been waiting for this long time, Than you for sharing!

  • @tonymazzola7991
    @tonymazzola7991 21 день назад +2

    This is Awesome training! Very much appreciated!

  • @Yogi-trader
    @Yogi-trader 21 день назад +1

    Thanks for sharing! Was worried this one was going private after watching half of it yesterday. Awesome content as always

  • @therealtradersjournal
    @therealtradersjournal 21 день назад +2

    Nice share. His book had a major impact on my approach toward markets many, many years ago.

  • @thisweirduniverse
    @thisweirduniverse 21 день назад +3

    Finest channel for pro traders ❤ #SMB

  • @MrJupton1
    @MrJupton1 13 дней назад +2

    Dr Brett is a legend in this field!

  • @eg7990
    @eg7990 21 день назад +4

    Gold

  • @TxRedMan
    @TxRedMan 20 дней назад +2

    Possibly the most valuable content you’ve posted. A+

  • @vicktorus847
    @vicktorus847 20 дней назад +1

    Thank you Mike for sharing. This is so valuable for traders.

  • @cristiangabrielfeliz6324
    @cristiangabrielfeliz6324 21 день назад +1

    Amazing video and content 🎉🔥

  • @TradersRealm-vc4sb
    @TradersRealm-vc4sb 5 дней назад

    YES we are TRADERS

  • @user-hy9el2jj5b
    @user-hy9el2jj5b 14 дней назад

    I have learned that Successful Traders have biggest temperament of Patience

  • @ruslankasimov4597
    @ruslankasimov4597 21 день назад +7

    The goat of trading psychology

  • @benjaminchow5502
    @benjaminchow5502 20 дней назад +1

    Thank you SMB capital for giving this out freely on youtube!

  • @krishnamehra5574
    @krishnamehra5574 2 дня назад

    Owe you sir

  • @ranjeetdesai7725
    @ranjeetdesai7725 21 день назад

    Best video.....

  • @DavidElstob73
    @DavidElstob73 21 день назад +1

    So if people learn from mentoring, there had to be someone elite who started the ball rolling! Therefore, you can learn yourself it just takes longer.

  • @qelement50
    @qelement50 20 дней назад

    I watched this 2x. Great information, especially when he discusses the hedge funds. Would like to see him in person

  • @ashesm2984
    @ashesm2984 21 день назад +2

    This is pure Gold

  • @PipsHappen
    @PipsHappen 3 дня назад

    Mindset > Trading Strategy. Every time.

  • @Lucky__999_
    @Lucky__999_ 20 часов назад

    Take me to work as a trader at SMB, I am a talented trader

  • @Artimissss
    @Artimissss 21 день назад +18

    more screens = more money

    • @smbcapital
      @smbcapital  21 день назад +1

      always more!

    • @eccentricsmithy2746
      @eccentricsmithy2746 21 день назад +4

      not one bit of truth in that

    • @1320wolf
      @1320wolf 21 день назад

      I could use more screens to keep an eye on changes to the macro, in real time.

    • @clrviewfx
      @clrviewfx 20 дней назад +6

      When people ask why I have four screens on my desk, I respond "because I can't fit 6"

    • @tastingtrader7289
      @tastingtrader7289 20 дней назад

      this is wrong assumpion

  • @DenisKadir
    @DenisKadir 6 дней назад

    Isnt hedge funds trade with bots? HFT algorithms and so on ? Or am i missing smth? Shouldnt we start thinking as bots and try to outsmart them ?

  • @simplemind7
    @simplemind7 12 дней назад

    World view, idea generator, and gatekeeping --keep it simple.

  • @mikaelkarlsson8785
    @mikaelkarlsson8785 20 дней назад +1

    Great content as always.
    Is that Lance? Is he at SMB now? :o

    • @smbcapital
      @smbcapital  20 дней назад +1

      Yes, Lance works with us and the traders

  • @5P4C3V01D
    @5P4C3V01D 10 дней назад

    14:28 / 30:31

  • @chubulu9842
    @chubulu9842 21 день назад +7

    Yeah…the video is back up again

  • @jesseterry11
    @jesseterry11 6 дней назад

    Its crazy how traders can have all the knowledge in the world but them as individuals can't improve themselves

  • @Matteo-nm2iv
    @Matteo-nm2iv 18 дней назад

  • @japan8994
    @japan8994 17 дней назад

    I trade tip

  • @eccentricsmithy2746
    @eccentricsmithy2746 21 день назад +6

    To make the claim that he is the greatest psychological trader is pretty bold. Everyone knows Mark Douglas was the best and still is even after his passing.

    • @patradingjournal
      @patradingjournal 21 день назад +1

      Mark Douglas laid the foundation and everyone builds on top. Dr. S is one of the best if not the best builder. 😊

    • @shayneduncan6600
      @shayneduncan6600 21 день назад +3

      Mark Douglas wasn't even a psychologist. He just wrote a book that sold well.

    • @patradingjournal
      @patradingjournal 21 день назад

      @@shayneduncan6600 That was precisely how he was able to write both trading in the zone and disciplined trader. If he was a psychologist to begin with, he wouldn't even have those original perspective, and also the sincerity in communicating his fundamental truths of trading to the world. Stop being a hater

    • @dollarhub_
      @dollarhub_ 10 дней назад

      Finally someone recognized Mark Douglas, he's underrated and his the only one you need to win in this game

  • @rahulcha08
    @rahulcha08 4 дня назад +1

    great speech, but even if someone listen to this 5 times, he or she will not make money. Making money is a mindset, losing money and keep losing it is also a mindset- its a battle between you vs you ! minimum skills and practice are inevitably important else u will lose your kidneys but money wont come

  • @YoungTraderAce
    @YoungTraderAce 16 дней назад

    Anyone wanna team up? I trade SMC ICT

  • @DipakRaikar
    @DipakRaikar 18 дней назад

    12:15

  • @ahmadmonim6369
    @ahmadmonim6369 8 дней назад

    I want he talgram

  • @holla_j
    @holla_j 7 дней назад

    They all trade currencies in massive quantities. As a matter of fact that's all they do. It takes money to make money. As a matter of fact, tomorrow's currency exchange rate is dictated by today's buys and sells. Well it's a 24/7/365 kind of deal. You're welcome!

  • @jvscripts
    @jvscripts 21 день назад +1

    Where and when are these SMB capital meetups/confrences??

    • @smbcapital
      @smbcapital  21 день назад

      We will do an annual one in NYC and now that we have a Miami office we’d like to host more down there as well.

  • @brentgaynor5232
    @brentgaynor5232 18 дней назад

    You can use GPT or Claude to divine insights from your trades.

  • @makinqmoney
    @makinqmoney 12 дней назад +1

    it’s interesting how a psychologist bacame a technical analyst

  • @bullharvests7995
    @bullharvests7995 14 дней назад

    He ain’t ICT tho

  • @jgilmo3939
    @jgilmo3939 16 дней назад +1

    the only reason you need a shrink is you are not confident in your trades

  • @frxsty1461
    @frxsty1461 14 дней назад +2

    It should be illegal to not rhyme “in some measure, to some degree, you are already the person you seek to become”🖕🏼

  • @tonynunez6539
    @tonynunez6539 19 дней назад

    Trading psychology is for those who have no understanding of technicals and fundamentals. Makes you feel good but has no successful track record.

    • @AngelRodriguez-dz8yd
      @AngelRodriguez-dz8yd 19 дней назад

      because profitable traders rely on certainty in an system based off of uncertainty… math skills anyone?

  • @axilirate9973
    @axilirate9973 20 дней назад

    THOSE INDIANS QUESTIONING ARE KILLING ME LMAO😂

  • @alexanderargint1396
    @alexanderargint1396 20 дней назад +1

    hope no one gonna get offended because i do like this channel a lot, specially the regular traders that explain things but man , trading pshychology must be the most bogus thing invented in this century, how people cant see that you cant think like a winner if your not one is just one thing that i will never get, ill just have a wild guess and say they have no clue what "mindset" and pshychology really means.

    • @AngelRodriguez-dz8yd
      @AngelRodriguez-dz8yd 19 дней назад +1

      So… using your own “brilliant” logic those who don’t think like winners will never be winners.. Have you ever met a winner that thinks like a loser? Does that make him a loser then?
      Oh wait… 🤣

    • @alexanderargint1396
      @alexanderargint1396 18 дней назад +1

      @@AngelRodriguez-dz8yd You wanted to reply for the sake of replying right? cuz ive read your comment 72 times and has nothing to do with what ive sayd, yea you should feel dum but anyway i will gladly adress to what you just ask just to make you feel even more unconfortable so here it is : have i met a winner that thinks like a losser ? yes i have and is called perfect place perfect moment + random event but the guy is clueless about life itself, anything else that you would like to be schooled in ? lmk

    • @AngelRodriguez-dz8yd
      @AngelRodriguez-dz8yd 18 дней назад +1

      @@alexanderargint1396 again.. using your logic. 1. youve met a loser that wins= winner
      2. you cant think like a winner if you’re not one
      3. point 1 according to you means he’s a winner, therefore he thinks like a winner because if he wasn’t he would be losing.
      4. You make the anecdote of him winning due to luck, so you believe winners are just lucky?
      schooling yourself more like..

    • @AngelRodriguez-dz8yd
      @AngelRodriguez-dz8yd 18 дней назад +1

      danning kruger effect in action to that person you mention and including your own analysis LOL

    • @alexanderargint1396
      @alexanderargint1396 18 дней назад

      @@AngelRodriguez-dz8yd you should stop keyboardwarrioring and go out and experience life, cuz the nonsense that you try to make sense of has 0 value in real world, you are braiwashed by "personal development cult", from the "you met a loser that wins=winner" thing that you just sayd makes everything sense,, you are clueless about how things work in life

  • @Brikitherik
    @Brikitherik 14 дней назад

    Hope @smbcapital the scammers you aren't policing in Comments are paying you.

  • @jbh7667
    @jbh7667 12 дней назад +1

    Awful clickbait. Avoid this.

  • @SethBurden
    @SethBurden 19 дней назад

    This has to be the most discouraging and disappointing video I’ve ever seen for day trading.

    • @reallyneedthisjobbruh
      @reallyneedthisjobbruh 13 дней назад

      he’s dropping gems about patience and the value of learning from others and their experiences, idk what you on twin

  • @tonynunez6539
    @tonynunez6539 19 дней назад

    You lost all credibility when you quoted Ayn Rand. She died extremely depressed and homeless.

    • @Josh-Jones
      @Josh-Jones 18 дней назад

      Did Jesse Livermore, who had a terrible end, also have nothing of value to say? Does our finality ending poorly mean that we had nothing to offer? Should you really judge the entire credibility of someone who said one thing you disagree with? Are you really that shallow?

    • @gcg8187
      @gcg8187 15 дней назад

      @@Josh-Joneshmm questionable indeed

  • @kashifali-ug1yk
    @kashifali-ug1yk 15 дней назад

    Waste of time.. general discussion

  • @BiigTitties
    @BiigTitties 21 день назад +2

    Quoted Ayn Rand. Nuff said

    • @dme80
      @dme80 20 дней назад

      If one was unsure of the intellectual capacity of this guy, you know now. Shallow as they come...

    • @BiigTitties
      @BiigTitties 20 дней назад

      @@dme80 Your butt does seem shallow, its already hurting

    • @Josh-Jones
      @Josh-Jones 18 дней назад +1

      ​@@dme80 Your inability to see past your own obvious political biases to see the value in something you disagree with says more about your own intellectual capacity than anything.

    • @dme80
      @dme80 17 дней назад

      @@Josh-Jones Political views is one thing, but she is just a god-awful writer and calling her a philosopher would be a mad stretch. Quoting her just shows bad intellectual taste. Okay for a 15 year old, who has not read anthing good, but unacceptable for an old guy.