Chat With Traders 065: Brett Steenbarger – How to Master Trading Psychology and Introduce New Best Practises
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Mar 24, 2016 
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Brett's Psychology Origin
- Brett Steenbarger's interest in psychology stemmed from reading Ayn Rand's "The Fountainhead".
- He realized psychology's potential to expand human potential, not just treat illness.
Brett's Trading Beginnings
- Brett Steenbarger's trading interest began in grade school and formalized during graduate school.
- He opened a trading account in the late 1970s while studying clinical psychology.
Order Flow Trading Psychology
- Chicago market makers trade on order flow, not technical analysis, holding positions for about three minutes.
- This rapid decision-making creates psychological challenges like frustration and overconfidence.