How to master trading psychology | Brett Steenbarger

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  • Опубликовано: 12 июн 2016
  • EP 065: How to master trading psychology, and introduce new best practises w/ Brett Steenbarger
    For this episode, I interviewed a very special guest; Dr Brett Steenbarger (after many, many requests from listeners).
    Brett is a very well known trading psychology coach, and has consulted to some of the biggest names in the industry. He’s also a respected author who has now published four books, some which have been recommended reading by previous guests on this podcast.
    During our conversation, I asked Brett how to break bad trading habits and introduce new best practises, to explain why traders need to be adaptable in markets, plus how we should think about goal setting and measure progress. And of course, much more about how to enhance your performance as a trader.
    - - - - - -
    LINKS
    - - - - - -
    · More interviews: chatwithtraders.com
    · Free resources: chatwithtraders.com/resources
    · Twitter: / chatwithtraders
    · Facebook: / chatwithtraders
    · Instagram: / chatwithtraders_
    · Soundcloud: / chat-with-traders
    · Stitcher: www.stitcher.com/podcast/chat-...

Комментарии • 731

  • @meo1960
    @meo1960 3 года назад +520

    Trader Psychology begins at 13:00

  • @miltonfriedman2226
    @miltonfriedman2226 4 года назад +473

    Anton Kreil (Ex Goldman Sachs trader) in one of his youtube videos dropped this idea i’ll never forget: “the path to knowledge starts at unconscious incompetence, then conscious incompetence, then conscious competence and lastly unconscious competence”

    • @tby62
      @tby62 4 года назад +4

      Love this

    • @donaldpitt1698
      @donaldpitt1698 4 года назад +7

      Nice play of words. What's the practical usefulness?

    • @miltonfriedman2226
      @miltonfriedman2226 4 года назад +6

      Jorg Brand whats your evidence?

    • @miltonfriedman2226
      @miltonfriedman2226 4 года назад +5

      Donald Pitt You decide if it has a use or not in your daily life.

    • @leemartin6439
      @leemartin6439 4 года назад +2

      @Jorg Brand I don't think thats sufficient evidence that he's a fake

  • @alpelayo4630
    @alpelayo4630 4 года назад +48

    My takeaway is that we don't need to get motivated. We need to build habits on our best practices. Using repetition. Thank you . This video is so helpful

  • @hamisintunzwenimana8083
    @hamisintunzwenimana8083 11 месяцев назад +3

    Great
    General
    1. Psychology / Systems Thinking / Strategy -- Plan
    2. Van Tharp / Inventory Profiling / NLP

  • @simeon8758
    @simeon8758 7 лет назад +10

    just found those channel, BEST TRADING PODCAST I HAVE EVER HEARD!!

  • @townshipmusicproduction1249
    @townshipmusicproduction1249 4 года назад +14

    This is still more relevant in 2019, thanks for the channel

  • @gpj777
    @gpj777 7 лет назад +234

    This channel is too legit to have only 10k subs. Keep up the legendary work.

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  7 лет назад +12

      +George Pare Jr. - thank you!

    • @Tormentality
      @Tormentality 6 лет назад +8

      I agree, that's why it's good to see it's up to 60k now.

    • @xpertcomments
      @xpertcomments 5 лет назад +3

      @@Tormentality 79K now.. slow and steady wins the race :)

    • @7taveira
      @7taveira 4 года назад +3

      90k now. Life is a marathon, not a sprint

    • @jeremikossak9553
      @jeremikossak9553 4 года назад +1

      92,717 subscribers now :)

  • @vanbonz142
    @vanbonz142 7 лет назад +4

    Brett Steenbarger is a LEGEND

  • @arupian666
    @arupian666 7 лет назад +76

    Excellent !! There's so many flaky videos on youtube about trading, it's SO refreshing to find a channel that's TRULY about trading.
    Nice work mate.
    Subbed.

  • @jasonblack4208
    @jasonblack4208 7 лет назад +6

    *looks up author on audible*
    Yes! Finally one of your guests who has an audiobook!
    *returns to interview and listens voraciously*

  • @MikeRosol
    @MikeRosol 7 лет назад +3

    looking forward to listening to his book :) thanks

  • @nobertstanel9428
    @nobertstanel9428 5 лет назад +2

    Thank You Guys !

  • @juniorsaj1870
    @juniorsaj1870 4 года назад +20

    7:02...The average holding period for many of the traders was around 3 minutes... That's how u take profit quick and run to avoid any damage

  • @ryandanger9333
    @ryandanger9333 5 лет назад +13

    The most useful interview about trading I have listened to.

  • @gabe_in_taiwan
    @gabe_in_taiwan 3 месяца назад +1

    Aaron Fitfield asks excellent questions here, getting great gems out of Brett 🙌

  • @pieterjansenvanrensburg5010
    @pieterjansenvanrensburg5010 5 лет назад +2

    AMAZING channel!!!!

  • @nnamdin3372
    @nnamdin3372 4 месяца назад +1

    Great Podcast. Thanks

  • @apsrats
    @apsrats 7 лет назад +2

    thanks for sharing great stuff
    keep it up.

  • @misterfosterdulles
    @misterfosterdulles 7 лет назад +1

    really got a lot out of this, i can play this tape while during my non-active time with trades on, and during my review periods for sure.. much much great stuff here..

  • @sidneysanday7872
    @sidneysanday7872 21 день назад +1

    Wow. This is brilliant!

  • @LexSummer
    @LexSummer 6 лет назад +4

    Steenbarger books are awesome... I was stumbling for seweral years with the same psyco traps. His books showed me differend ways to work on my temper.

  • @agentsancho3493
    @agentsancho3493 3 года назад +1

    Thank you for this content.

  • @piotrkukulka6680
    @piotrkukulka6680 4 года назад +3

    I have to admit you ask great questions.

  • @RUSSFREE
    @RUSSFREE 5 месяцев назад +15

    Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.

    • @ayrasmith
      @ayrasmith 5 месяцев назад

      Congratulations 🍾

    • @ayrasmith
      @ayrasmith 5 месяцев назад

      I will love to be your friend dear as well as sharing some ideas which you're benefiting.

    • @RUSSFREE
      @RUSSFREE 5 месяцев назад

      That's fine, but it's not luck, it's about having good investment plans, especially negotiating with a trustworthy expert.
      watching professional business videos and above all connecting with the right person that the digital world is full of: unreal people. I met some of them during my journey to success. I felt the same when I started, especially when you use a demo account, you may be winning, but when you put in real money you start losing. I understand it and I go through it all. I am very happy that I am now profitable.

    • @ayrasmith
      @ayrasmith 5 месяцев назад

      I can relate to all you said because I am facing similar thing right now. Congratulations I wish you more success.

    • @ermirbrahimi219
      @ermirbrahimi219 5 месяцев назад

      Hey, how good are your profits? I would like to get some ideas on how to operate, thanks.

  • @spontaneousbootay
    @spontaneousbootay 2 года назад +1

    Great questions. Thanks for the video

  • @epcortek11
    @epcortek11 6 лет назад +1

    Great interview !

  • @nslcap
    @nslcap 5 лет назад +1

    Thanks for posting this...!

  • @ritalozanolopes6798
    @ritalozanolopes6798 Год назад

    Beautiful interview

  • @IndianaEd
    @IndianaEd 7 лет назад +1

    Great Podcast.

  • @101Killuminati
    @101Killuminati 7 лет назад +13

    This is one of your best interviews,good job keep up the good work mate!

  • @liamcisek2488
    @liamcisek2488 6 лет назад

    Great great great video.thank you for sharing.

  • @kimcarsonsableable
    @kimcarsonsableable 7 лет назад +124

    This channel provides a killer amount of value. Brilliant concept

  • @aliceduahboateng3917
    @aliceduahboateng3917 5 лет назад +1

    fantastic video, ive learnt a lot...

  • @dncareflex
    @dncareflex 10 месяцев назад +4

    thank you both for this wonderful interview, Brett explains in very clear, helpful and professional ways. my greatest pleasure to get to listen to him. with all blessings ....

  • @Strrroke
    @Strrroke 7 лет назад +6

    The interviewer is really good. Nice set of questions.

  • @BillyReedMusic
    @BillyReedMusic 3 года назад +1

    Great interview.

  • @ReadysDemons
    @ReadysDemons 5 лет назад +8

    This was great, thank you!

  • @EnglishwithLucas
    @EnglishwithLucas 5 лет назад +23

    I think people underestimate the importance of the psychology behind trading. Learning about Brett Steenbarger and what he says really helps me learn about myself. Thank you for this podcast.

  • @tinyboy2006
    @tinyboy2006 5 лет назад +1

    Awesome show

  • @salahdinlawyer3907
    @salahdinlawyer3907 9 месяцев назад +5

    i listened this 59minutes podcast for 4hours and i took notes and i learned so much.. Thank you chat with Traders for this amazing Content. The questions were spot on and the answers were great.. Thanks Brett steenbarger for the knowledge on psychology.

  • @PassportG
    @PassportG 6 лет назад +1

    Great interview

  • @nadercarun
    @nadercarun 4 года назад +1

    Phenomenal interview. Great questions. Great answers.

  • @SO-kv5cc
    @SO-kv5cc 4 года назад +4

    Great chat

  • @phillipwashington6925
    @phillipwashington6925 3 месяца назад +1

    Excellent Presentation!☑️⭐ ⭐⭐⭐⭐

  • @NomadGurkha
    @NomadGurkha 5 лет назад +16

    this is the best trading psychology podcast on RUclips. Many thanks for having this immense wealth of knowledge here.

  • @jaysan7904
    @jaysan7904 7 лет назад +4

    Another awesome interview, keep in up Aaron! Respect!

  • @ediliadelgado1470
    @ediliadelgado1470 7 лет назад +23

    only the ones who are really serious to learn how to be traders listen this tipe of channel...thank you so much for this contribution to my life.

    • @sagemaster3408
      @sagemaster3408 3 года назад

      @lucas l4ux me about 2 1/2 and it’s amazing how each week u learn how last week you were an idiot. Lol

  • @crustybastard8256
    @crustybastard8256 3 года назад

    Excellent thanks!👍🏽

  • @charlesholifield3859
    @charlesholifield3859 4 года назад +2

    Great info...

  • @pattyrandhawa2339
    @pattyrandhawa2339 2 года назад +1

    Thank you so much! Great value !!!! Recommend everyone to watch it 😊🙏

  • @seizure_
    @seizure_ 8 лет назад +1

    awesome episode! keep up the great work @chatwithtraders

  • @alexneil394
    @alexneil394 3 года назад

    Wow another great interview

  • @RagnarokCo
    @RagnarokCo 5 лет назад +3

    Almost didn't give this interview a chance but am very glad I did. You won't find technical strategies or straight market advice instead you receive information on how to build a trading lifestyle. It's like improving fundamentals in your own life that directly affect your performance.

    • @GardenCatsTV
      @GardenCatsTV Год назад

      Awesome glad to find this channel from here. Thanks 🙏

  • @asharzam7668
    @asharzam7668 5 лет назад +3

    Good work Aaron

  • @webproject1444
    @webproject1444 Год назад +1

    Amazing questions and brilliant answers, excellent guys

  • @clivejbarrett
    @clivejbarrett 7 лет назад +1

    Wise words.. Cheers

  • @peytonmadeline3288
    @peytonmadeline3288 3 года назад +90

    The stock market holds several benefits, it’s advisable for investors to be cautious while making their decisions. Understanding the stock market basics and do their research before investing to ensure profitable investment.

    • @repliedbajapanesewithhanak6676
      @repliedbajapanesewithhanak6676 3 года назад +2

      It's important for investors to have a clear strategy for managing their portfolios this year

    • @admin3427
      @admin3427 3 года назад

      I made a lot of wrong investments last year, would really like to invest in key stocks, I’m held back by the wrong investments I’ve made.

    • @peytonmadeline3288
      @peytonmadeline3288 3 года назад

      @AnonymousBuster Sunshine true, The stock market is a complicated place. Most investors make mistakes of not performing adequate research and investment analysis to find a potentially profitable stock, which leads to acquiring the wrong stocks and having a track record of trade losses.

    • @peytonmadeline3288
      @peytonmadeline3288 3 года назад

      @@admin3427 the stock market is riddled with uncertainty, getting profit independently requires patience and proper education on the market.

    • @admin3427
      @admin3427 3 года назад

      @@peytonmadeline3288 do you offer trading advice?

  • @goodpunk6
    @goodpunk6 7 лет назад +19

    Guys, this is absolute gold. Just picked up Brett's audio book, the daily trading coach

  • @berrybrown8737
    @berrybrown8737 7 лет назад +1

    It also a great video. This channel is very good.

  • @chiefchain7613
    @chiefchain7613 2 года назад

    awesome job!

  • @DaBrasilianaire
    @DaBrasilianaire Год назад +1

    I listened to this so many times before and I find it so much more interesting every time I listen to it again!!
    2022, let's blow thru the finish line!!!!

  • @MR1337SKI
    @MR1337SKI 5 лет назад +4

    Great stuff! I would like to pick up the Doc's book now. I think he does a lot with SMB if im correct.

  • @bitcode_
    @bitcode_ 5 лет назад +5

    Aaron made so many great questions it really brought out the best from the speaker

  • @dharmendrauniyal6786
    @dharmendrauniyal6786 4 года назад +4

    thanks bro

  • @youngmoney2291
    @youngmoney2291 2 года назад

    This is the first episode I've listened to and just wanted to say job well done. New sub here. ✌️

  • @wn77wn
    @wn77wn 7 лет назад +2

    WOW WOW that was supper great show man i repeated listing it twice and repeated some parts for few times what smart question some times it can be the same guest but the begets change is the host grate job keep it up.
    rgds
    Wael AlAboud

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  7 лет назад +1

      +wn77wn, really pleased to hear you liked this episode with Brett, thanks!

  • @renooboralkar2331
    @renooboralkar2331 6 лет назад +5

    This channel is gold. Aaron Fifield , you are a great host. I am literally feeling very lucky I found your channel. Thank you a thousand times.

  • @abelflores1929
    @abelflores1929 5 лет назад +2

    Awesome awesome. Thank you.

  • @sblive7239
    @sblive7239 4 года назад +4

    Awesome podcast learned so much, and very interesting! Looking forward to reading his book The Daily Trading Coach!

  • @CoolBishop1997
    @CoolBishop1997 3 года назад

    thank you sir

  • @didier4529
    @didier4529 6 лет назад

    Great channel! Thank you for your work. Just as advice, could you ask questions that expand on what the speaker is saying?
    Thank you again!

  • @ortegafrancis457
    @ortegafrancis457 5 лет назад +12

    I've been edified by this video it's been of great assistance to my trading psychology and skills the ideas are very helpful.

  • @tinyboy2006
    @tinyboy2006 5 лет назад +1

    Awesome vid

  • @entertainers4299
    @entertainers4299 9 месяцев назад

    One of the best sessiom combining evryrhing at bey

  • @Tiguilandy
    @Tiguilandy 7 лет назад +6

    new subscriber! thank you for your interviews they help a whole lot!

  • @frugodwill
    @frugodwill 5 лет назад +11

    Great video. I should add too.. "The only way to win in the markets is to think in probabilities" (Don't attach too much significance on one trade. As long as you have a proven strategy you have tested and came up with a plan..thinking in probabilities takes emotions out) very vital yet greatly overlooked concept. I heard that first from one of the finest trading psychologist "Mark Douglas" (May his soul Rest in Peace). who sadly i only got to know of his works some months ago. Probability thinking takes emotions off!

  • @spirit6221
    @spirit6221 4 года назад +4

    Thanks for the great interview

  • @AlgoTrader_SoloTravellor
    @AlgoTrader_SoloTravellor 5 лет назад +4

    Great job, I have seen few videos of your channel , you are doing great job of bringing the inputs from some legends which is highly valuable for people like me who are new to markets.. really big thanks

  • @sediksaid8315
    @sediksaid8315 3 года назад

    This very helpful 👍 thanks!!!

  • @Benjamin-jp6si
    @Benjamin-jp6si 4 года назад +32

    Good video you and mr pavil Conrad are really doing great job in my life

    • @mohammedu524
      @mohammedu524 4 года назад

      nice video gain from

    • @Benjamin-jp6si
      @Benjamin-jp6si 4 года назад +1

      joel excel mr pavil Conrad is from Europe but based in USA Washington he is a contract trader who trades foreign market stocks and other commodities .he trades on behalf of he’s clients and profit for them .he charges 25% commission on each profit he makes on behalf of the respective clients that’s the services he render .

    • @jane-vd6pb
      @jane-vd6pb 4 года назад

      so happy to see so many people talking about mr pavil Conrad. on my way to millions love his consistency in making profit

    • @coryprinceton7930
      @coryprinceton7930 4 года назад +3

      @Mellisia Carthy in this pandemic period i still profit trading with Mr pavil Conrad return of $12,000 he is the best any one can think of work with .love hes service because of full control of your broker all he dose is trade for you and you can also learn his pattern while he trades on your behalf .

    • @Benjamin-jp6si
      @Benjamin-jp6si 4 года назад +1

      joel excel been going smooth I make $50,000 a month trading with pavil Conrad And I also learn the pattern he use in making profit he is a sure part into the foreign markets

  • @BigBlackBe4r
    @BigBlackBe4r 7 лет назад +2

    Great interview, very insightful. Trading is about passion for markets, not P&L. If all you think about is the money, your toast. The same can be said for any business venture.

  • @Dimitrius1
    @Dimitrius1 Год назад

    Excellent once again, as always. Gold.

  • @pipsnerd7615
    @pipsnerd7615 3 года назад

    this is really good !!

  • @jonathannguyen1999
    @jonathannguyen1999 8 лет назад +25

    I love it dude! I listen to these podcasts when I'm driving and It helps me a lot because driving is usually my 'alone time' which i believe is needed for traders in general. Keep it up!

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 лет назад +2

      +Johnathan Nguyen, good stuff man! Podcasts are a win for lengthy car rides.

  • @creepycall
    @creepycall 7 лет назад +4

    Thanks for this interview Aaron, can you get an interview with Steve Ward please - psychologist to top traders in London, thank you for the great job you do. Also I would love to listen interview with trader Tom Hougaard.

  • @kammyjohnson9657
    @kammyjohnson9657 4 года назад

    I love this guy

  • @ryanroderick7170
    @ryanroderick7170 5 лет назад +3

    One of the best videos i've watched..

  • @krishnasara392
    @krishnasara392 Год назад

    Awesome person

  • @PITBOYMMA
    @PITBOYMMA 7 лет назад +12

    THIS CHANNEL IS AMAZING...PLEASE KEEP IT UP THE GREAT WORK...THANK YOU!

  • @TheTradingDesk007
    @TheTradingDesk007 Год назад

    I love to watch this episode again and again... Supreme episode..

  • @MotivationMindset100
    @MotivationMindset100 5 лет назад +8

    what a great interview thanks mate

  • @tfm_patrick
    @tfm_patrick 5 лет назад +5

    58:00 is a nugget

  • @TheNotoriousFonzy
    @TheNotoriousFonzy 6 лет назад +10

    Such a good interview.
    Thanks for all the content Aaron it's amazing!

  • @goremucheche
    @goremucheche 7 лет назад +2

    Amazing and very educational piece ....spot on 👍🏿👍🏿

  • @lukeshparthab2029
    @lukeshparthab2029 7 лет назад +4

    You have really good interviews. Very educational. Thank you.

  • @DrSaurin
    @DrSaurin 3 года назад

    Excellent host

    • @cryptoworld2531
      @cryptoworld2531 3 года назад

      Thanks for the feedback...for more info /w/h/a/t/s/a/p/p +/1/8/0/2/2/5/5/1/0/3/5/

  • @joakingart8741
    @joakingart8741 5 лет назад +2

    GOLD!!!!!!!!!!!!

  • @ronellbelar
    @ronellbelar 3 года назад

    thanks sir from philipines

  • @ViperFutures
    @ViperFutures 2 года назад

    Good interview

  • @jayantjain6550
    @jayantjain6550 Год назад

    His books are awesome 🙏🙏🙏🙏🙏❤️❤️❤️❤️