How to master trading psychology | Brett Steenbarger

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.
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LINKS
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· 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-...

[@meo1960]

Trader Psychology begins at 13:00

[@rohithrockzz8124]

thank you bro

[@laxsal12]

great

[@myth8551]

Thanks 👍

[@FinancialAnalyst_Private]

Thanks !

[@milandas9334]

Well👍

[@miltonfriedman2226]

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]

Love this

[@donaldpitt1698]

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

[@miltonfriedman2226]

Jorg Brand whats your evidence?

[@miltonfriedman2226]

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

[@leemartin6439]

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

[@simeon8758]

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

[@townshipmusicproduction1249]

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

[@gpj777]

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

[@ChatWithTradersPodcast]

+George Pare Jr. - thank you!

[@Tormentality]

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

[@xpertcomments]

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

[@7taveira]

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

[@jeremikossak9553]

92,717 subscribers now :)

[@hamisintunzwenimana8083]

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

[@jasonblack4208]

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

[@nathanielormsby6585]

What book? Worth reading? Thx!!

[@juniorsaj1870]

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

[@reprogrammingmind]

Big future!!!

[@gabe_in_taiwan]

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

[@MikeRosol]

looking forward to listening to his book :) thanks

[@RUSSFREE]

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]

Congratulations 🍾

[@ayrasmith]

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

[@RUSSFREE]

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]

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

[@ermirbrahimi219]

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

[@vanbonz142]

Brett Steenbarger is a LEGEND

[@nobertstanel9428]

Thank You Guys !

[@infochaser]

Indeed valuable share. Thanks a lot. Keep going .

[@alpelayo4630]

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

[@apsrats]

thanks for sharing great stuff keep it up.

[@LexSummer]

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.

[@arupian666]

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.

[@ChatWithTradersPodcast]

+arupian666, thank you sir! It means a lot.

[@spontaneousbootay]

Great questions. Thanks for the video

[@agentsancho3493]

Thank you for this content.

[@piotrkukulka6680]

I have to admit you ask great questions.

[@seizure_]

awesome episode! keep up the great work @chatwithtraders

[@ChatWithTradersPodcast]

+seizuristic, I'm pleased you liked it-much appreciated.

[@kimcarsonsableable]

This channel provides a killer amount of value. Brilliant concept

[@ChatWithTradersPodcast]

+Choose Freedom, nice to hear this! Thank you.

[@wn77wn]

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]

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

[@aliceduahboateng3917]

fantastic video, ive learnt a lot...

[@misterfosterdulles]

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..

[@liamcisek2488]

Great great great video.thank you for sharing.

[@nslcap]

Thanks for posting this...!

[@pieterjansenvanrensburg5010]

AMAZING channel!!!!

[@IndianaEd]

Great Podcast.

[@epcortek11]

Great interview !

[@BillyReedMusic]

Great interview.

[@nnamdin3372]

Great Podcast. Thanks

[@entertainers4299]

One of the best sessiom combining evryrhing at bey

[@crustybastard8256]

Excellent thanks!👍🏽

[@PeterMilko]

So what are the key take aways? Someone plz reply.

[@sidneysanday7872]

Wow. This is brilliant!

[@PassportG]

Great interview

[@tinyboy2006]

Awesome show

[@ritalozanolopes6798]

Beautiful interview

[@berrybrown8737]

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

[@ryandanger9333]

The most useful interview about trading I have listened to.

[@MR1337SKI]

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

[@youngmoney2291]

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

[@nadercarun]

Phenomenal interview. Great questions. Great answers.

[@CoolBishop1997]

thank you sir

[@Dimitrius1]

Excellent once again, as always. Gold.

[@charlesholifield3859]

Great info...

[@goodpunk6]

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

[@MuhammadAkram-sn5ve]

Hello Sir how's your trading now?

[@didier4529]

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!

[@Strrroke]

The interviewer is really good. Nice set of questions.

[@chiefchain7613]

awesome job!

[@asharzam7668]

Good work Aaron

[@SO-kv5cc]

Great chat

[@sediksaid8315]

This very helpful 👍 thanks!!!

[@guilhermedossantos4064]

What if you wereforced to trade because you don’t have an option, Is there a way to rechannel youre personality to conform with the full time trader habit?

[@pattyrandhawa2339]

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

[@alexneil394]

Wow another great interview

[@ReadysDemons]

This was great, thank you!

[@dharmendrauniyal6786]

thanks bro

[@clivejbarrett]

Wise words.. Cheers

[@pipsnerd7615]

this is really good !!

[@phillipwashington6925]

Excellent Presentation!☑️⭐ ⭐⭐⭐⭐

[@ediliadelgado1470]

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]

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

[@abelflores1929]

Awesome awesome. Thank you.

[@tinyboy2006]

Awesome vid

[@kammyjohnson9657]

I love this guy

[@BigBlackBe4r]

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.

[@webproject1444]

Amazing questions and brilliant answers, excellent guys

[@Tiguilandy]

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

[@ChatWithTradersPodcast]

+Andy, welcome! Thanks for hitting subscribe.

[@dncareflex]

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 ....

[@krishnasara392]

Awesome person

[@creepycall]

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.

[@NomadGurkha]

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

[@salahdinlawyer3907]

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.

[@somtonnamani5422]

Me too

[@101Killuminati]

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

[@miceli911]

Enable automatic subtitles in English please

[@ryanroderick7170]

One of the best videos i've watched..

[@EnglishwithLucas]

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.

[@spirit6221]

Thanks for the great interview

[@jaysan7904]

Another awesome interview, keep in up Aaron! Respect!

[@Itsupthere123]

You ALL WILL SUCCEED IN LIFE

[@DrSaurin]

Excellent host

[@cryptoworld2531]

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/

[@DaBrasilianaire]

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!!!!

[@jonathannguyen1999]

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]

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

[@TheTradingDesk007]

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

[@ronellbelar]

thanks sir from philipines

[@ViperFutures]

Good interview

[@joakingart8741]

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

[@TRADERSFRIEND]

I am so glad to see someone deal with the changing market as a factor to our changing success instead of just blaming our psychology for our losses/missteps. Brilliant interview

[@sagemaster3408]

I just have to remember to not always blame it on the changing market.

[@TRADERSFRIEND]

@@sagemaster3408 Indeed, I mostly blame it on traps setups and market manipulatiion

[@jayantjain6550]

His books are awesome 🙏🙏🙏🙏🙏❤️❤️❤️❤️

[@dustinmorwongadventurer.6930]

Thanks for the video. I’m excited for 2021, going to be the best year yet for investing

[@ahmedluay7619]

Aaron fifield always ask the right questions my man is on point

[@tiago-wm2mq]

what is the name of the book 3:11?

[@ortegafrancis457]

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

[@bitcode_]

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

[@Dubsackjack]

i really like your show man.

[@ChatWithTradersPodcast]

+Dubsackjack, awesome - I appreciate it dude.

[@vexpose]

Damn, this is the best trader interview channel EVER! Every trader should subscribe by default....By far no other trader interview channel is even close. Thanks for all the information. Really Appreciate it!!

[@ChatWithTradersPodcast]

+Rich Dad, it's really encouraging to read this! Awesome to have you tuned in, thanks.

[@peytonmadeline3288]

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]

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

[@admin3427]

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]

@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]

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

[@admin3427]

@@peytonmadeline3288 do you offer trading advice?

[@MotivationMindset100]

what a great interview thanks mate

[@tfm_patrick]

58:00 is a nugget