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My guest today is Brett Steenbarger, a Clinical Associate Professor of Psychiatry at New York State University, author of “The Daily Trading Coach,” “The Psychology of Trading,” and “Enhancing Trader Performance.” His newest work is “Trading Psychology 2.0: From Best Practices to Best Processes.” He is a trading coach, psychologist, author, blogger, and stock index trader.
The topic is trading psychology.
In this episode of Trend Following Radio we discuss:
- The emotional “buy in”
- Checklists
- Finding a smooth equity curve
- Repeated performance vs. deliberate practice
- The role of fitness and health in trading
- The moment of now
- Systems trading vs. discretionary trader
- Relationship between volatility and volume
“The fantasy of easy riches collides with the reality of what you need to do to prepare to win and I think that creates quite a dissidence for many beginning traders and ultimately leads them to leave the field.” – Brett Steenbarger
Mentions & Resources:
- Brett Stenbarger
- Traderfeed.blogspot.com
- “The Daily Trading Coach”
- “The Psychology of Trading”
- “Enhancing Trader Performance”
- “Trading Psychology 2.0: From Best Practices to Best Processes”
- Daniel Kahneman
- Ted Williams
- @steenbab
Listen to this episode:
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