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.If you do enjoy the interview, please leave an iTunes review! Click here Learn more about your ad choices. Visit megaphone.fm/adchoices

Brett Steenbarger, a psychologist and performance coach for traders, reveals how mindset significantly impacts quantitative trading. He argues that emotional factors and creativity are critical for success, likening systematic trading to a Formula 1 pit crew that balances precision with real-time adaptability. The conversation dives into the debate of nature versus nurture in trading skills, the importance of teamwork, and the necessity of self-reflection for improvement. Steenbarger also emphasizes fostering creativity to enhance trading strategies, cautioning against the risks of complacency.

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.