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

[@vanbonz142]

Brett Steenbarger is a LEGEND

[@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!!!

[@nobertstanel9428]

Thank You Guys !

[@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.

[@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!!

[@apsrats]

thanks for sharing great stuff keep it up.

[@gabe_in_taiwan]

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

[@ritalozanolopes6798]

Beautiful interview

[@agentsancho3493]

Thank you for this content.

[@pieterjansenvanrensburg5010]

AMAZING channel!!!!

[@nnamdin3372]

Great Podcast. Thanks

[@IndianaEd]

Great Podcast.

[@epcortek11]

Great interview !

[@piotrkukulka6680]

I have to admit you ask great questions.

[@nslcap]

Thanks for posting this...!

[@PassportG]

Great interview

[@spontaneousbootay]

Great questions. Thanks for the video

[@BillyReedMusic]

Great interview.

[@tinyboy2006]

Awesome show

[@aliceduahboateng3917]

fantastic video, ive learnt a lot...

[@crustybastard8256]

Excellent thanks!👍🏽

[@dharmendrauniyal6786]

thanks bro

[@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.

[@Strrroke]

The interviewer is really good. Nice set of questions.

[@liamcisek2488]

Great great great video.thank you for sharing.

[@SO-kv5cc]

Great chat

[@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.

[@CoolBishop1997]

thank you sir

[@Benjamin-jp6si]

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

[@mohammedu524]

nice video gain from

[@Benjamin-jp6si]

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]

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

[@coryprinceton7930]

@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]

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

[@seizure_]

awesome episode! keep up the great work @chatwithtraders

[@ChatWithTradersPodcast]

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

[@asharzam7668]

Good work Aaron

[@chiefchain7613]

awesome job!

[@charlesholifield3859]

Great info...

[@alexneil394]

Wow another great interview

[@clivejbarrett]

Wise words.. Cheers

[@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

[@kimcarsonsableable]

This channel provides a killer amount of value. Brilliant concept

[@ChatWithTradersPodcast]

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

[@deniskolejak7822]

🎯 Key Takeaways for quick navigation: 00:32 🚦 *Cumplir reglas estrictas en el trading es crucial para evitar pérdidas significativas y mantener la consistencia.* 01:58 💰 *Preservar el capital es la tarea más importante para un trader, evitando riesgos excesivos.* 03:36 🤔 *Enfocarse en configuraciones de alta probabilidad mejora la rentabilidad y consistencia del trading.* 05:42 🛑 *Establecer reglas estrictas para cortar pérdidas es esencial y evita pérdidas significativas.* 07:31 📉 *La responsabilidad personal y evitar terquedad son clave para prevenir grandes pérdidas en el trading.* 08:12 💡 *Identificar y aprovechar configuraciones rentables permite aplicar un tamaño de posición significativo, maximizando las ganancias.* Made with HARPA AI

[@phillipwashington6925]

Excellent Presentation!☑️⭐ ⭐⭐⭐⭐

[@sediksaid8315]

This very helpful 👍 thanks!!!

[@entertainers4299]

One of the best sessiom combining evryrhing at bey

[@ryandanger9333]

The most useful interview about trading I have listened to.

[@ReadysDemons]

This was great, thank you!

[@nadercarun]

Phenomenal interview. Great questions. Great answers.

[@tinyboy2006]

Awesome vid

[@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?

[@kammyjohnson9657]

I love this guy

[@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..

[@tiago-wm2mq]

what is the name of the book 3:11?

[@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!

[@Dimitrius1]

Excellent once again, as always. Gold.

[@pipsnerd7615]

this is really good !!

[@krishnasara392]

Awesome person

[@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.

[@tfm_patrick]

58:00 is a nugget

[@joakingart8741]

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

[@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/

[@Tiguilandy]

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

[@ChatWithTradersPodcast]

+Andy, welcome! Thanks for hitting subscribe.

[@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?

[@ronellbelar]

thanks sir from philipines

[@ahmedluay7619]

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

[@miceli911]

Enable automatic subtitles in English please

[@spirit6221]

Thanks for the great interview

[@abelflores1929]

Awesome awesome. Thank you.

[@berrybrown8737]

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

[@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?

[@jayantjain6550]

His books are awesome 🙏🙏🙏🙏🙏❤️❤️❤️❤️

[@PeterMilko]

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

[@ViperFutures]

Good interview

[@webproject1444]

Amazing questions and brilliant answers, excellent guys

[@RagnarokCo]

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]

Awesome glad to find this channel from here. Thanks 🙏

[@youngmoney2291]

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

[@ryanroderick7170]

One of the best videos i've watched..

[@bitcode_]

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

[@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!!!!

[@giv7125]

Any idea who the philosopher is Mr Steenbarger briefly mentions about in the beginning?

[@carlosrivera2364]

Ann Rynd

[@pattyrandhawa2339]

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

[@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.

[@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.

[@maylalevi]

ex-ante review: very special 65 to appreciate!

[@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.

[@kriptokopi2304]

Please next to turn on caption. Thanks

[@jackkulinski8132]

Can't believe I'm only finding out about this now

[@jaysan7904]

Another awesome interview, keep in up Aaron! Respect!

[@101Killuminati]

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

[@VickyYadav-yo8fs]

Thank u...from india ...

[@kelvinmulla6875]

Hello

[@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

[@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 ....

[@lingling21100]

I found a strategy that wins over 90% of the time. But finding those set up consistently is freaking impossible. I know tons of people that have really good strategies and they never share it.. :(

[@gotseoul123]

Wonder if Brett was at Upstate in Syracuse.

[@fantasyteamshorts6112]

He has said something that should be heard again and again to set in

[@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!

[@webreaver01]

is there a transcript for this interview?

[@ChatWithTradersPodcast]

+webreaver01, not at this stage...

[@webreaver01]

+Chat With Traders ok. I'll just buy his book. This is an awesome interview since I struggle with trading especially in commodities.

[@ChatWithTradersPodcast]

+webreaver01, I know a few traders who've read Trading Psychology 2.0 and rave about. Hope it helps, and thanks for listening.