Brett Steenbarger @steenbab Twitter profile

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Brett Steenbarger

@steenbab

5 years

So I went undercover to see what is being taught to trading newbs. Here's what I found and what I've decided to do about it: #tradingpsychology

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Brett Steenbarger

@steenbab

4 years

I'll be building a library of 3 minute videos that will become a practical online resource for developing traders:

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Brett Steenbarger

@steenbab

4 years

This is the best post I will ever write: Why I am proud to be a trader:

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Brett Steenbarger

@steenbab

6 months

It was our 40th anniversary and it was fun falling in love with my wife all over again in Iceland. The opposite of love is not hate; it's routine. Doing things that are new and special keeps life new and special.

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Brett Steenbarger

@steenbab

3 years

The beginning trader needs to master fear, greed, and impulsivity to become consistent. The consistent trader must master an optimal mindset in order to become truly successful. Here's what goes into an optimal #tradingpsychology : @Forbes @smbcapital

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Brett Steenbarger

@steenbab

4 years

By the end of 1926, we recovered from a sharp decline in the March/April period and closed the year near all time highs. The market looked overbought. In the next year, we gained over 20%; in the year after that, we gained 50%. Not a prediction; a lesson.

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Brett Steenbarger

@steenbab

6 years

This is what it takes to succeed, in trading and in life: #tradingpsychology

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Brett Steenbarger

@steenbab

4 years

Many traders achieve consistency precisely because they *don't* size up and thus avoid the drama of large P/L swings. The answer to sizing up sometimes is simply getting more capital and doing the same consistent things on a larger capital base.

Ryan

@trader_RH94

4 years

2 red days in 40 trading days. Best run of my career. Consistency is a strength of mine but also a weakness. In real time i need to do better at recognizing A+ setups and sizing up / getting uncomfortable and not just 'settling'. Will be working / thinking about that this wknd.

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Brett Steenbarger

@steenbab

4 years

Hard to believe that the Three Minute Trading Coach video series is up to 27 videos...all free...no promotions...no give us your email so we can torture you...nope. When you give back, it's amazing how much comes your way:

The Three Minute Trading Coach

The Three Minute Trading Coach offers specific trading psychology techniques to help our trading performance. For more in depth, check out my Forbes articles...

www.youtube.com

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Brett Steenbarger

@steenbab

4 years

Meditation is not the only way to build our mindfulness during trading. Learning to talk your ideas and perceptions out loud allows you to think about your thinking: #tradingpsychology

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Brett Steenbarger

@steenbab

4 years

Trading Coach to Brett: "The key to making money in this market is trading your best setups and sticking to your plans." Brett: "What are *your* best setups and plans for a 75 VIX market?" Conversation moves to a different topic...Whatevs...

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Brett Steenbarger

@steenbab

6 years

Three powerful, proven techniques for turning around FOMO trading: @sethgillihan @MikeBellafiore #tradingpsychology

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Brett Steenbarger

@steenbab

1 year

The best mindset for a trader is not on P/L, just like the best mindset for developing a relationship is not focused on sex. Develop intimacy with markets--understand them and listen to them--and you'll find the rewards of a good relationship:

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Brett Steenbarger

@steenbab

5 months

@markminervini Survive your learning curve

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Brett Steenbarger

@steenbab

6 years

Mediocre traders don't review and improve performance; good traders review and set goals; great traders turn their goals into positive habits.

Mike Bellafiore

@MikeBellafiore

6 years

Effective best practices turned into habit will drive your trading improvement in 2019. This has been a key theme to start the year on our trading desk. Grow or die!

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Brett Steenbarger

@steenbab

8 years

Our greatest trading mistakes come from ego: imposing our views, not listening to markets:

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Brett Steenbarger

@steenbab

6 years

Six distinctive qualities we see in very successful traders: @merrittblack @smbcapital #tradingpsychology

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Brett Steenbarger

@steenbab

4 years

Fascinating research suggests that meditation can help us succeed in trading by literally changing the ways our brains process information: @Forbes @TradingComposur @DeniseKShull @AlphaMind101

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Brett Steenbarger

@steenbab

4 years

Our #tradingpsychology can never be greater than our self-esteem, and our self-esteem can never be greater than the relationships we have with others. Here's why:

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Brett Steenbarger

@steenbab

4 years

Needs to be said: Expert performance in trading, like in other fields such as athletics and performing arts, is a function of inborn talent and skills acquired through mentored deliberate practice. Mindset and personality help us access these; they do not substitute for them.

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Brett Steenbarger

@steenbab

4 years

Important point: if populations don't develop immunity and/or we don't have an effective vaccine, #SocialDistancing just delays the curve:

A call to honesty in pandemic modeling

Maria Chikina and Wesley Pegden

medium.com

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Brett Steenbarger

@steenbab

5 years

Great points: average is not good enough. The average market participant does not make money. The average golfer never makes the pro tour. If you're not upset when you are merely average, you're accepting failure.

Mike Bellafiore

@MikeBellafiore

5 years

What No One Tells You About How To Become An Elite Trader via @YouTube

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Brett Steenbarger

@steenbab

3 years

If we take away 100% of what people produce, that's one definition of slavery. If we take away roughly half of what they produce, that's progressive policy. Right. Got it.

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Brett Steenbarger

@steenbab

4 years

I really appreciate my Twitter colleagues reporting accounts that try to impersonate me. There are some incredible lowlifes out there who cannot create, only leech off the work of others. This is my one and only Twitter account; thanks for your support!

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Brett Steenbarger

@steenbab

5 years

#Tradingpsychology fallacy: Traders trade like sh*t, get upset over losses, then seek help for their emotions. If I drive poorly, get in accidents, and get upset, gimme a driving instructor, not a shrink. Just sayin'

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Brett Steenbarger

@steenbab

4 years

The single greatest lesson I've learned from trading financial markets and why that lesson is so important now: #tradingpsychology

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Brett Steenbarger

@steenbab

5 years

Tell a person about something bad that happened to you and you'll find out about their heart. Tell them about something great that you're doing and you'll discover their soul.

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Brett Steenbarger

@steenbab

6 years

When we let trades come to us, we leverage our pattern recognition strengths. When we try to find trades, we override that pattern recognition.

Jim Dalton Trading

@daltontrading

6 years

You can view the recording of today's webinar here: . We also added a new blog post that was a report released to clients earlier today. It is supplemental to the webinar. View it here: #ES_F #futures $SPY #MarketProfile $ES_F

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Brett Steenbarger

@steenbab

4 years

So often, it's not losses that hurt our #tradingpsychology ; it's unplanned, reactive losses on trades with no edge.

Mike Bellafiore

@MikeBellafiore

4 years

"A good loss is a planned loss," instructs @Steenbab during a monthly review session today to a trader working on increasing his size. (picture not from today)

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Brett Steenbarger

@steenbab

5 years

Two kinds of traders fail: those who work hard and trade too much and those who hardly work and trade randomness.

Steve Burns

@SJosephBurns

5 years

Working longer hours or working harder is how most professions make money, but this isn’t true for trading. The best trades come when you’re patient patient & wait for the right entry signal & set up. More trading doesn’t necessarily mean more profits, & it’s usually the opposite

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Brett Steenbarger

@steenbab

3 years

That's why copying the ideas of others never works...it's seeing what works in markets and experiencing it for ourselves that gives us genuine understanding and confidence--

Andrew Aziz

@BearBullTraders

3 years

“If you don’t trust yourself or your methods, you will not find the emotional resilience to weather periods of loss.” Dr. Brett Steenbarger, Author of The Daily Trading Coach @steenbab #tradingpsychology #daytrading #BBTFamily

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Brett Steenbarger

@steenbab

4 years

If you're a developing trader, these are two crucial best practices that will accelerate your growth and why they work: #tradingpsychology @MikeBellafiore

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Brett Steenbarger

@steenbab

6 years

How trading success develops--discipline and beyond: @TopstepTrader @MikeBellafiore #tradingpsychology

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Brett Steenbarger

@steenbab

5 years

If a person takes a group of perceptions, weaves them into a narrative, and reacts to that narrative, that is called psychosis. In markets, it's called discretionary trading.

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Brett Steenbarger

@steenbab

4 years

If we grow the sizing of our trading before we grow our consistency, it's only a matter of time before drawdowns take us down:

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Brett Steenbarger

@steenbab

6 months

From a remote part of Iceland, the Northern Lights sky. Love and beauty feed the soul, and that can make all the difference for our #tradingpsychology --and our lives.

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Brett Steenbarger

@steenbab

4 years

Trading is like oil drilling: you need great methods, but nothing works if you're looking in the wrong places. *What* we trade is as important as how we trade: @RichardMoglen @EBoboch @KGD_Investor @alphatrends @smbcapital #tradingpsychology

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Brett Steenbarger

@steenbab

2 years

Evidence-based spirituality: an excellent new book shows how research-backed psychological methods are helping us achieve the benefits of a quiet mind:

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Brett Steenbarger

@steenbab

5 years

One of the greatest #tradingpsychology problems occurs when we trade based on what we know and not on what we understand:

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Brett Steenbarger

@steenbab

6 months

Interesting observation; in my experience, introverts are naturally attracted to understanding markets. Extroverts are naturally attracted to making money.

Steve Burns

@SJosephBurns

6 months

Introverts are naturally attracted to trading.

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Brett Steenbarger

@steenbab

4 years

A different #tradingpsychology technique in each video: here's the first installment of the new Three Minute Trading Coach:

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Brett Steenbarger

@steenbab

4 years

Here are three proven strategies for changing our #tradingpsychology and freeing ourselves from unwanted patterns of thought/feeling/action:

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Brett Steenbarger

@steenbab

5 years

It can be difficult to move forward after losing money in the markets; here are valuable resources and perspectives: @Forbes @PeterLBrandt @smbcapital @Traders4ACause

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Brett Steenbarger

@steenbab

6 years

We can work on our bodies to improve our #tradingpsychology :

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Brett Steenbarger

@steenbab

4 years

Imagine how much better we would perform if we could become radically more open to intuition. We would be more creative and more able to act on our creative perception. This is how we can do it: @Forbes @Headspace

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Brett Steenbarger

@steenbab

9 years

OK bitches, this is the *real* reason traders trade emotionally: http://t.co/3iCOaDbE8U $STUDY #tradingpsychology

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Brett Steenbarger

@steenbab

3 years

A record number of traders have contacted me, asking why they're losing money in the market. Here is my complete reply: #tradingpsychology

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Brett Steenbarger

@steenbab

5 years

How we can trade without frustration: #tradingpsychology

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Brett Steenbarger

@steenbab

5 years

The new book will be coming out in the next few days: how we can take our egos out of our trading: #tradingpsychology

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Brett Steenbarger

@steenbab

3 years

Stages in a trader's development and how we move ourselves from one level to the next:

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Brett Steenbarger

@steenbab

4 years

This is what I consistently see among successful developing traders and why it's relevant to #tradingpsychology : @Tradeciety @MikeBellafiore

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Brett Steenbarger

@steenbab

5 years

Trading trauma and trading addiction: two problems that #tradingpsychology rarely acknowledges:

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Brett Steenbarger

@steenbab

6 years

Trading as a powerful vehicle for developing your self: #tradingpsychology

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Brett Steenbarger

@steenbab

3 years

Too many traders focus on what they *want* markets to do, rather than maintain awareness of what markets *are* doing, accepting that reality, and going with that:

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Brett Steenbarger

@steenbab

5 years

A new online book on #tradingpsychology , spirituality, and tools for better trading--and it's a free download!

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Brett Steenbarger

@steenbab

5 months

Development comes from having multiple mentors, finding what speaks to you from each of them, and weaving those lessons into your own trading style and edge. The goal is not to mimic a guru, but to find your unique voice as a trader: @smbcapital

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Brett Steenbarger

@steenbab

6 years

Amazing things can happen when we trade from the soul, not the ego: #tradingpsychology

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Brett Steenbarger

@steenbab

2 years

Very important #tradingpsychology topic: figuring out *why* you are failing to live up to your performance expectations as a trader:

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Brett Steenbarger

@steenbab

4 years

Good trading requires pattern recognition; great trading requires the ability to perceive patterns of patterns. That's what helps us become *significantly* profitable:

How To Become A Significantly Profitable Trader

This video builds on the recent blog post regarding becoming better at taking risk: https://t.co/hyjHRYmoEG?amp=1The key idea here is that larger opportuniti...

www.youtube.com

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Brett Steenbarger

@steenbab

4 years

What I'm seeing with the @smbcapital traders is that you don't have to be a scalper to benefit from scalping skills. The same skills that give good risk/reward for the scalper also give excellent entries and exits for longer time frame traders.

SMB Capital

@smbcapital

4 years

In this video we introduce an effective and highly profitable trading strategy - scalping.

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Brett Steenbarger

@steenbab

4 years

Unlike amateurs, professional traders have a passion for self-improvement. Here are two ways they improve: #tradingpsychology @edgewonk @alphatrends @MikeBellafiore @smbcapital

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Brett Steenbarger

@steenbab

2 years

If you are feeling unfulfilled in your life or in your trading, it may be time to climb a new ladder, not just climb the same one faster. There's a time to focus on doing things right; a time to focus on doing the right things:

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Brett Steenbarger

@steenbab

4 years

What traders can learn about execution and excellence from the performance of military snipers:

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Brett Steenbarger

@steenbab

4 years

So true...it's a passion to understand markets, not a passion for trading, that makes for success--

Julian Komar 🚨 Market Update Premium

@BlogJulianKomar

4 years

"I want to be a pilot - Learn for 5 yrs I want to be a Lawyer - Get a degree then learn for 5 yrs I want to be boxer - Practice for 4/5 yrs. I want to be an athlete - Practice for many yrs. I want to be a Trader - Start tomorrow. Any guesses why so many fail?🤔" @AlphaMind101

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Brett Steenbarger

@steenbab

5 years

These are the 4 things I observe among all successful traders, regardless of strategy or market: #tradingpsychology

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Brett Steenbarger

@steenbab

5 years

Why so few traders are able to sustain a living from their trading: #tradingpsychology

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Brett Steenbarger

@steenbab

3 years

Without a vision to guide our development, we travel a blind path--

Mike Bellafiore

@MikeBellafiore

3 years

This hangs on the walls of SMB Capital ⬇️👊

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Brett Steenbarger

@steenbab

3 years

It's not fear or greed; it's getting stale that kills trading careers. Here's what we need to do to rejuvenate: #tradingpsychology

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Brett Steenbarger

@steenbab

4 years

A trader achieves consistency in the same way as a professional archer or marksman: through repeated drilling under conditions of extreme focus. We can train ourselves for focus: #tradingpsychology

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Brett Steenbarger

@steenbab

2 years

Every important change is a transformation and requires the hard acknowledgment that something we're doing--in markets or in life--needs to be transformed:

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Brett Steenbarger

@steenbab

1 year

A good predictor of a trader's success is the degree of detail with which they can outline what they do and how they do it. It's the commitment to doing the right things the right way that brings positive outcomes:

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Brett Steenbarger

@steenbab

3 years

Forget trading size, forget "conviction", forget P/L: if you make clarity your goal in markets, good things follow in #tradingpsychology and in trading:

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Brett Steenbarger

@steenbab

3 years

Wonderful...trading well is a cause. Giving back is a cause. Success is living with positive purpose--

Mike Bellafiore

@MikeBellafiore

3 years

This hangs on the walls of @smbcapital

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Brett Steenbarger

@steenbab

1 year

The mistake I see traders most commonly make is that they trade what fits their needs, not what markets are actually doing:

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Brett Steenbarger

@steenbab

4 years

I'm spending time with a number of developing traders who are experiencing unusual success. Here's what I see them doing: @smbcapital

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Brett Steenbarger

@steenbab

8 months

As you review 2023 performance and set 2024 goals, here are 3 best practices I've seen among those doing well in the past year--and lots of links to get you started for a happy and successful new year!

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Brett Steenbarger

@steenbab

1 year

Here is one of the greatest challenges of #tradingpsychology : In our quest for mastery, we unwittingly lay the groundwork for trauma and emotional disruption. This is how we can maximize our mental Sharpe ratios:

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Brett Steenbarger

@steenbab

5 years

A couple of strategies for building our resilience and improving our #tradingpsychology : @Forbes @Canny4 @BeyondTheTrades

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Brett Steenbarger

@steenbab

21 days

It is not enough to set stops mentally or even in the book. Our mental rehearsal of getting stopped out normalizes the experience and takes the emotion out of losing:

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Brett Steenbarger

@steenbab

5 years

When we mentally and behaviorally rehearse the right trading practices, they become ingrained habit patterns and then we don't need "discipline"! It's not discipline that gets us washing up and putting on clean clothes each morning!

BeyondTheTrades

@BeyondTheTrades

5 years

Dr. Brett @steenbab , Diana below is one of the hardest studying young traders that I know. She has a solid understanding of the mechanics of trading, but struggles like many on the issues of discipline. Any exercises/actions she can do to help on the issue mentioned below

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Brett Steenbarger

@steenbab

5 months

Here is a simple structure for changing your psychology and becoming the person you want to be: #tradingpsychology

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Brett Steenbarger

@steenbab

3 years

Fasting is much more than refraining from food and that is why it brings such profound psychological benefits: #tradingpsychology @Forbes

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Brett Steenbarger

@steenbab

5 years

Here's a simple technique that helps us overcome fear-based trading: #tradingpsychology

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Brett Steenbarger

@steenbab

1 year

Maybe my most important blog post of all: The secret to overcoming setbacks--in trading, and in life:

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Brett Steenbarger

@steenbab

3 years

The best and worst patterns that show up in our personal relationships are those we enact in our trading: . There are those who listen to markets and those that seek to impose their views on markets.

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Brett Steenbarger

@steenbab

7 years

Why winning is a risk factor for our #tradingpsychology :

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Brett Steenbarger

@steenbab

4 years

Which is why I never go out drinking with naked friends... :) Great analogy from @mcuban

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Brett Steenbarger

@steenbab

4 years

Training the mind for quiet and focus; training the body for energy and health: both support the mindsets we need for successful trading:

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Brett Steenbarger

@steenbab

5 years

And if you can't make money in simulated trading, what makes you think you'll be profitable when you go live?

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Brett Steenbarger

@steenbab

5 years

Before we concern ourselves with winning and losing, we should give consideration as to whether we are playing the right game.

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Brett Steenbarger

@steenbab

5 years

A few random thoughts: --Not all who rave are divinely inspired. --If a trading site doesn't go into depth on any topic, you're not dealing with deep thinkers. --A passion for trading never dies, but it *can* be killed.

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Brett Steenbarger

@steenbab

3 years

Trading is all about pattern recognition and we recognize patterns in real time via intuition. Here's how we can sharpen our intuition and let trades come to us:

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Brett Steenbarger

@steenbab

4 years

Whenever you trade well, figure out how you did that and add your observations to a running list. Over time, you'll see common themes that reflect your path to success. Those can be captured in a checklist that keeps you consistent:

Creating Trading Checklists

This builds on the recent Forbes article: https://t.co/CHScVZ6wO1?amp=1. Through checklists, we can keep ourselves aware of what we do when we're successful...

www.youtube.com

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Brett Steenbarger

@steenbab

6 years

A sports lesson shows us how *not* trading can make us superior traders: @MikeBellafiore #tradingpsychology

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Brett Steenbarger

@steenbab

5 years

BTW, if someone said they were a basketball or chess coach and never talked about plays to run or moves to make and instead only talked about having a good mindset, what would you think? Just sayin'...

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Brett Steenbarger

@steenbab

4 years

Are you taking enough risk in your trading? Once we become consistently profitable, the challenge remains to become *significantly* profitable: #tradingpsychology

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Brett Steenbarger

@steenbab

2 months

We can become remarkably consistent in our trading if we consistently make many small adjustments day in and day out:

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Brett Steenbarger

@steenbab

4 years

Where's this runaway market going? Here's a look at what happens to strong stock markets when breadth weakens: @Forbes @ritholtz @sentimentrader

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Brett Steenbarger

@steenbab

4 years

Without the edge, meditation will help us more calmly lose our capital...

Mike Bellafiore

@MikeBellafiore

4 years

Asked by an intern on our trading desk: Q: How much of a correlation do you feel there is between trading well and mindfulness/meditation? A: Well you have to edge to make money trading. But you can make (much) more if you have edge by bringing your best YOU to the market.

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Brett Steenbarger

@steenbab

5 years

Both technical analysis and trading psychology are grounded in the ability to detect meaningful patterns and use those for principled trading: @Forbes @PeterLBrandt @alphatrends @allstarcharts

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