Masters in Business

Interview With Brett Steenbarger: Masters in Business (Audio)

Jan 13, 2017
Brett Steenbarger, a clinical psychologist and trading coach, shares his expertise on the psychological aspects of trading. He discusses the transition from psychology to trading, linking medical student pressures to those faced by traders. Steenbarger emphasizes the importance of self-observation, mental health, and maintaining routines. He highlights the role of emotions in performance and contrasts algorithmic trading with human intuition. Additionally, he stresses personal responsibility in trading and the necessity of a solid coaching relationship for success.
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INSIGHT

Adapt Or Fail In Trading

  • Traders often fail by not adapting to changing markets and clinging to outdated edges.
  • Innovation in trading means evolving with market dynamics rather than relying on permanent formulas.
ADVICE

Use Trading Journals

  • Keep a trading journal to track decisions, reasons, and outcomes.
  • Use the journal to identify patterns and improve your trading process continuously.
INSIGHT

Burnout From Over-Immersion

  • Traders often struggle to 'turn off' and bring work stress home.
  • This lack of renewal leads to burnout despite devotion to trading.
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