How to master trading psychology | Brett Steenbarger

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  • Опубліковано 11 січ 2025

КОМЕНТАРІ • 721

  • @alpelayo4630
    @alpelayo4630 4 роки тому +66

    My takeaway is that we don't need to get motivated. We need to build habits on our best practices. Using repetition. Thank you . This video is so helpful

  • @meo1960
    @meo1960 4 роки тому +603

    Trader Psychology begins at 13:00

  • @miltonfriedman2226
    @miltonfriedman2226 5 років тому +531

    Anton Kreil (Ex Goldman Sachs trader) in one of his youtube videos dropped this idea i’ll never forget: “the path to knowledge starts at unconscious incompetence, then conscious incompetence, then conscious competence and lastly unconscious competence”

    • @TemoteControl
      @TemoteControl 4 роки тому +7

      Love this

    • @donaldpitt1698
      @donaldpitt1698 4 роки тому +9

      Nice play of words. What's the practical usefulness?

    • @miltonfriedman2226
      @miltonfriedman2226 4 роки тому +6

      Jorg Brand whats your evidence?

    • @miltonfriedman2226
      @miltonfriedman2226 4 роки тому +5

      Donald Pitt You decide if it has a use or not in your daily life.

    • @leemartin6439
      @leemartin6439 4 роки тому +2

      @Jorg Brand I don't think thats sufficient evidence that he's a fake

  • @hamisintunzwenimana8083
    @hamisintunzwenimana8083 Рік тому +8

    Great
    General
    1. Psychology / Systems Thinking / Strategy -- Plan
    2. Van Tharp / Inventory Profiling / NLP

  • @Itsupthere123
    @Itsupthere123 6 місяців тому +18

    You ALL WILL SUCCEED IN LIFE

  • @Caidens_World
    @Caidens_World 2 місяці тому +2

    I started developing HYPERTENSION a fear for the charts! Just approaching my laptop became like walking the GREEN MILE !!! Until took a month long break from the charts and STARTED ABSORBING PODCASTS LIKE THIS BECAME A GAMECHANGER FOR ME I.T.O DISCIPLINE AND IN IDENTIFYING AND APPLYING MY STRATEGY. I NOW ONLY TRADE 2-3 DAYS A WEEK KNOWING NOW THAT THE MARKETS WONT GO ANYWHERE. THX BRETT.

  • @simeon8758
    @simeon8758 7 років тому +13

    just found those channel, BEST TRADING PODCAST I HAVE EVER HEARD!!

  • @gpj777
    @gpj777 8 років тому +243

    This channel is too legit to have only 10k subs. Keep up the legendary work.

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 років тому +12

      +George Pare Jr. - thank you!

    • @Tormentality
      @Tormentality 6 років тому +9

      I agree, that's why it's good to see it's up to 60k now.

    • @xpertcomments
      @xpertcomments 6 років тому +3

      @@Tormentality 79K now.. slow and steady wins the race :)

    • @7taveira
      @7taveira 5 років тому +3

      90k now. Life is a marathon, not a sprint

    • @jeremikossak9553
      @jeremikossak9553 5 років тому +1

      92,717 subscribers now :)

  • @kimcarsonsableable
    @kimcarsonsableable 8 років тому +127

    This channel provides a killer amount of value. Brilliant concept

  • @juniorsaj1870
    @juniorsaj1870 5 років тому +27

    7:02...The average holding period for many of the traders was around 3 minutes... That's how u take profit quick and run to avoid any damage

    • @reprogrammingmind
      @reprogrammingmind 4 роки тому +1

      Big future!!!

    • @vincentkingsdale8334
      @vincentkingsdale8334 22 дні тому

      I hold less than 1 minute many times and have done well enough for me

    • @38224mrrudy
      @38224mrrudy 8 днів тому

      @@vincentkingsdale8334 how much are you putting in tho? Are you buying in with a lot

  • @jasonblack4208
    @jasonblack4208 7 років тому +10

    *looks up author on audible*
    Yes! Finally one of your guests who has an audiobook!
    *returns to interview and listens voraciously*

  • @townshipmusicproduction1249
    @townshipmusicproduction1249 5 років тому +14

    This is still more relevant in 2019, thanks for the channel

  • @kellywhite6344
    @kellywhite6344 2 роки тому +28

    putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. success depends on the actions or steps you take to achieve it.

    • @valentinaalaben4791
      @valentinaalaben4791 2 роки тому

      venturing into the Bitcoin without an adequate orientation with a professional broker for accurate signals. you might lose all your hard-earned money

    • @aaronferrell3129
      @aaronferrell3129 2 роки тому

      having professional mentor is also very important when it comes to trading, without proper mentorship, one trend to opt out of the market early enough. I do my investment with mrs Stacy Griffin

    • @philipastron4332
      @philipastron4332 2 роки тому

      manager Stacy Griffin has brought me out of the wrenches to a better living through options, I encourage newbies to trade with her

    • @harrisdouglas7291
      @harrisdouglas7291 2 роки тому

      @@philipastron4332 good how do I contact her then?

    • @philipastron4332
      @philipastron4332 2 роки тому

      @@harrisdouglas7291 yes of course, link her up nd remember to share your experience with others

  • @arupian666
    @arupian666 8 років тому +76

    Excellent !! There's so many flaky videos on youtube about trading, it's SO refreshing to find a channel that's TRULY about trading.
    Nice work mate.
    Subbed.

  • @vanbonz142
    @vanbonz142 7 років тому +7

    Brett Steenbarger is a LEGEND

  • @EnglishwithLucas
    @EnglishwithLucas 6 років тому +23

    I think people underestimate the importance of the psychology behind trading. Learning about Brett Steenbarger and what he says really helps me learn about myself. Thank you for this podcast.

  • @deniskolejak7822
    @deniskolejak7822 10 місяців тому +1

    🎯 Key Takeaways for quick navigation:
    00:32 🚦 *Cumplir reglas estrictas en el trading es crucial para evitar pérdidas significativas y mantener la consistencia.*
    01:58 💰 *Preservar el capital es la tarea más importante para un trader, evitando riesgos excesivos.*
    03:36 🤔 *Enfocarse en configuraciones de alta probabilidad mejora la rentabilidad y consistencia del trading.*
    05:42 🛑 *Establecer reglas estrictas para cortar pérdidas es esencial y evita pérdidas significativas.*
    07:31 📉 *La responsabilidad personal y evitar terquedad son clave para prevenir grandes pérdidas en el trading.*
    08:12 💡 *Identificar y aprovechar configuraciones rentables permite aplicar un tamaño de posición significativo, maximizando las ganancias.*
    Made with HARPA AI

  • @RagnarokCo
    @RagnarokCo 6 років тому +4

    Almost didn't give this interview a chance but am very glad I did. You won't find technical strategies or straight market advice instead you receive information on how to build a trading lifestyle. It's like improving fundamentals in your own life that directly affect your performance.

    • @GardenCatsTV
      @GardenCatsTV 2 роки тому

      Awesome glad to find this channel from here. Thanks 🙏

  • @salahdinlawyer3907
    @salahdinlawyer3907 Рік тому +5

    i listened this 59minutes podcast for 4hours and i took notes and i learned so much.. Thank you chat with Traders for this amazing Content. The questions were spot on and the answers were great.. Thanks Brett steenbarger for the knowledge on psychology.

  • @gabe_in_taiwan
    @gabe_in_taiwan 11 місяців тому +2

    Aaron Fitfield asks excellent questions here, getting great gems out of Brett 🙌

  • @goodpunk6
    @goodpunk6 7 років тому +21

    Guys, this is absolute gold. Just picked up Brett's audio book, the daily trading coach

  • @ediliadelgado1470
    @ediliadelgado1470 7 років тому +23

    only the ones who are really serious to learn how to be traders listen this tipe of channel...thank you so much for this contribution to my life.

    • @sagemaster3408
      @sagemaster3408 3 роки тому

      @lucas l4ux me about 2 1/2 and it’s amazing how each week u learn how last week you were an idiot. Lol

  • @vincentkingsdale8334
    @vincentkingsdale8334 22 дні тому +1

    I learned to cut losses quick and to hold onto gains longer. So, i am able to cut losses quickly, but, I also dont want to overstay my welcome on a gain.
    For me, I have lost more when I held on too long, and I have made way more when I took my profits and got out. No one can predict the future.

  • @renooboralkar2331
    @renooboralkar2331 7 років тому +5

    This channel is gold. Aaron Fifield , you are a great host. I am literally feeling very lucky I found your channel. Thank you a thousand times.

  • @CryptoAshkn
    @CryptoAshkn 5 місяців тому +5

    That's why it takes time. Because u cant rely on motivation to be good at trading. With time u will develop good habits. It will be just what u do

  • @sidneysanday7872
    @sidneysanday7872 8 місяців тому +3

    Wow. This is brilliant!

  • @NomadGurkha
    @NomadGurkha 6 років тому +17

    this is the best trading psychology podcast on UA-cam. Many thanks for having this immense wealth of knowledge here.

  • @RUSSFREE
    @RUSSFREE Рік тому +18

    Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.

    • @ayrasmith
      @ayrasmith Рік тому

      Congratulations 🍾

    • @ayrasmith
      @ayrasmith Рік тому

      I will love to be your friend dear as well as sharing some ideas which you're benefiting.

    • @RUSSFREE
      @RUSSFREE Рік тому

      That's fine, but it's not luck, it's about having good investment plans, especially negotiating with a trustworthy expert.
      watching professional business videos and above all connecting with the right person that the digital world is full of: unreal people. I met some of them during my journey to success. I felt the same when I started, especially when you use a demo account, you may be winning, but when you put in real money you start losing. I understand it and I go through it all. I am very happy that I am now profitable.

    • @ayrasmith
      @ayrasmith Рік тому

      I can relate to all you said because I am facing similar thing right now. Congratulations I wish you more success.

    • @ermirbrahimi219
      @ermirbrahimi219 Рік тому

      Hey, how good are your profits? I would like to get some ideas on how to operate, thanks.

  • @nobertstanel9428
    @nobertstanel9428 6 років тому +3

    Thank You Guys !

  • @Tradingwithoutaclue
    @Tradingwithoutaclue 10 годин тому +1

    20:28 golden nugget

  • @infochaser
    @infochaser 5 місяців тому +3

    Indeed valuable share. Thanks a lot. Keep going .

  • @sbtgirl5618
    @sbtgirl5618 4 місяці тому +1

    What an amazing interviewer

  • @Strrroke
    @Strrroke 7 років тому +8

    The interviewer is really good. Nice set of questions.

  • @iqti99
    @iqti99 2 роки тому +9

    21:40
    Basic ABCD THEME
    Adapting to markets
    Building on strengths
    Cultivating Creativity
    Developing best practices- processes
    22:55 details of ABCD
    31:15 how to form new habits
    33:50 improve weaknesses
    36:40 how Dow you know ur weekness
    42:55 settings Goals

  • @BigBlackBe4r
    @BigBlackBe4r 8 років тому +4

    Great interview, very insightful. Trading is about passion for markets, not P&L. If all you think about is the money, your toast. The same can be said for any business venture.

  • @ryandanger9333
    @ryandanger9333 5 років тому +14

    The most useful interview about trading I have listened to.

  • @phillipwashington6925
    @phillipwashington6925 11 місяців тому +3

    Excellent Presentation!☑️⭐ ⭐⭐⭐⭐

  • @Dimitrius1
    @Dimitrius1 2 роки тому +1

    Excellent once again, as always. Gold.

  • @jonathannguyen1999
    @jonathannguyen1999 8 років тому +25

    I love it dude! I listen to these podcasts when I'm driving and It helps me a lot because driving is usually my 'alone time' which i believe is needed for traders in general. Keep it up!

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 років тому +2

      +Johnathan Nguyen, good stuff man! Podcasts are a win for lengthy car rides.

  • @peytonmadeline3288
    @peytonmadeline3288 3 роки тому +90

    The stock market holds several benefits, it’s advisable for investors to be cautious while making their decisions. Understanding the stock market basics and do their research before investing to ensure profitable investment.

    • @repliedbajapanesewithhanak6676
      @repliedbajapanesewithhanak6676 3 роки тому +2

      It's important for investors to have a clear strategy for managing their portfolios this year

    • @admin3427
      @admin3427 3 роки тому

      I made a lot of wrong investments last year, would really like to invest in key stocks, I’m held back by the wrong investments I’ve made.

    • @peytonmadeline3288
      @peytonmadeline3288 3 роки тому

      @AnonymousBuster Sunshine true, The stock market is a complicated place. Most investors make mistakes of not performing adequate research and investment analysis to find a potentially profitable stock, which leads to acquiring the wrong stocks and having a track record of trade losses.

    • @peytonmadeline3288
      @peytonmadeline3288 3 роки тому

      @@admin3427 the stock market is riddled with uncertainty, getting profit independently requires patience and proper education on the market.

    • @admin3427
      @admin3427 3 роки тому

      @@peytonmadeline3288 do you offer trading advice?

  • @TheTradingDesk007
    @TheTradingDesk007 2 роки тому +1

    I love to watch this episode again and again... Supreme episode..

  • @spontaneousbootay
    @spontaneousbootay 3 роки тому +2

    Great questions. Thanks for the video

  • @TRADERSFRIEND
    @TRADERSFRIEND 7 років тому +23

    I am so glad to see someone deal with the changing market as a factor to our changing success instead of just blaming our psychology for our losses/missteps. Brilliant interview

    • @sagemaster3408
      @sagemaster3408 3 роки тому

      I just have to remember to not always blame it on the changing market.

    • @TRADERSFRIEND
      @TRADERSFRIEND 3 роки тому +1

      @@sagemaster3408 Indeed, I mostly blame it on traps setups and market manipulatiion

  • @piotrkukulka6680
    @piotrkukulka6680 5 років тому +3

    I have to admit you ask great questions.

  • @LexSummer
    @LexSummer 7 років тому +5

    Steenbarger books are awesome... I was stumbling for seweral years with the same psyco traps. His books showed me differend ways to work on my temper.

  • @nnamdin3372
    @nnamdin3372 11 місяців тому +2

    Great Podcast. Thanks

  • @emmanuelibezim6261
    @emmanuelibezim6261 4 дні тому +1

    Nice podcast ❤

  • @101Killuminati
    @101Killuminati 7 років тому +14

    This is one of your best interviews,good job keep up the good work mate!

  • @dncareflex
    @dncareflex Рік тому +6

    thank you both for this wonderful interview, Brett explains in very clear, helpful and professional ways. my greatest pleasure to get to listen to him. with all blessings ....

  • @frugodwill
    @frugodwill 6 років тому +10

    Great video. I should add too.. "The only way to win in the markets is to think in probabilities" (Don't attach too much significance on one trade. As long as you have a proven strategy you have tested and came up with a plan..thinking in probabilities takes emotions out) very vital yet greatly overlooked concept. I heard that first from one of the finest trading psychologist "Mark Douglas" (May his soul Rest in Peace). who sadly i only got to know of his works some months ago. Probability thinking takes emotions off!

  • @youngmoney2291
    @youngmoney2291 2 роки тому +1

    This is the first episode I've listened to and just wanted to say job well done. New sub here. ✌️

  • @agentsancho3493
    @agentsancho3493 4 роки тому +2

    Thank you for this content.

  • @pieterjansenvanrensburg5010
    @pieterjansenvanrensburg5010 6 років тому +3

    AMAZING channel!!!!

  • @ReadysDemons
    @ReadysDemons 5 років тому +8

    This was great, thank you!

  • @MikeRosol
    @MikeRosol 8 років тому +4

    looking forward to listening to his book :) thanks

  • @wn77wn
    @wn77wn 8 років тому +3

    WOW WOW that was supper great show man i repeated listing it twice and repeated some parts for few times what smart question some times it can be the same guest but the begets change is the host grate job keep it up.
    rgds
    Wael AlAboud

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 років тому +1

      +wn77wn, really pleased to hear you liked this episode with Brett, thanks!

  • @entertainers4299
    @entertainers4299 Рік тому +1

    One of the best sessiom combining evryrhing at bey

  • @pattyrandhawa2339
    @pattyrandhawa2339 2 роки тому +2

    Thank you so much! Great value !!!! Recommend everyone to watch it 😊🙏

  • @misterfosterdulles
    @misterfosterdulles 8 років тому +2

    really got a lot out of this, i can play this tape while during my non-active time with trades on, and during my review periods for sure.. much much great stuff here..

  • @Shawno419
    @Shawno419 5 років тому +5

    Great chat

  • @Husawn
    @Husawn 4 роки тому +1

    This podcast was much more fitting to the idea of an interview, with immediate technical questions for listeners who wanted information rather than a conversation. Pretty interesting

  • @webproject1444
    @webproject1444 2 роки тому +2

    Amazing questions and brilliant answers, excellent guys

  • @seizure_
    @seizure_ 8 років тому +2

    awesome episode! keep up the great work @chatwithtraders

  • @MotivationMindset100
    @MotivationMindset100 5 років тому +8

    what a great interview thanks mate

  • @alexneil394
    @alexneil394 4 роки тому +1

    Wow another great interview

  • @ryanroderick7170
    @ryanroderick7170 6 років тому +3

    One of the best videos i've watched..

  • @nadercarun
    @nadercarun 4 роки тому +2

    Phenomenal interview. Great questions. Great answers.

  • @epcortek11
    @epcortek11 6 років тому +2

    Great interview !

  • @spirit6221
    @spirit6221 4 роки тому +5

    Thanks for the great interview

  • @berrybrown8737
    @berrybrown8737 8 років тому +2

    It also a great video. This channel is very good.

  • @asharzam7668
    @asharzam7668 6 років тому +3

    Good work Aaron

  • @aliceduahboateng3917
    @aliceduahboateng3917 6 років тому +2

    fantastic video, ive learnt a lot...

  • @sediksaid8315
    @sediksaid8315 4 роки тому +1

    This very helpful 👍 thanks!!!

  • @liamcisek2488
    @liamcisek2488 7 років тому +1

    Great great great video.thank you for sharing.

  • @apsrats
    @apsrats 8 років тому +3

    thanks for sharing great stuff
    keep it up.

  • @DaBrasilianaire
    @DaBrasilianaire 2 роки тому +1

    I listened to this so many times before and I find it so much more interesting every time I listen to it again!!
    2022, let's blow thru the finish line!!!!

  • @danielsamuel7184
    @danielsamuel7184 4 дні тому +1

    Are these episodes available on Spotify?

  • @emilykristen4302
    @emilykristen4302 4 роки тому +9

    It is important to remember that trading is a risky business and that mistakes cost money. The mistake you can make, is to risk more money than you can afford to lose.

    • @jensfraytag3204
      @jensfraytag3204 4 роки тому

      Emily Kristen Another mistake people make when starting out with trading is not having an action plan that's clear enough. That’s why I always advise newbies to always seek help from experts.

    • @mitchellwad7674
      @mitchellwad7674 4 роки тому

      I’m looking to start trading forex, which trader expert is good enough? I’d love to know, so that I don’t end up losing my money to trading.

  • @Charlie-lx2rf
    @Charlie-lx2rf 2 роки тому +2

    Excellent interview, I have not focused enough on the psychology of trading but this is about to change for me. Thank you!

  • @nslcap
    @nslcap 5 років тому +1

    Thanks for posting this...!

  • @tinyboy2006
    @tinyboy2006 6 років тому +2

    Awesome show

  • @bitcode_
    @bitcode_ 6 років тому +4

    Aaron made so many great questions it really brought out the best from the speaker

  • @TajayCobeyEastwood
    @TajayCobeyEastwood 5 місяців тому +3

    2024 currently down -$1050 but i know there will be a drawdown and prepared mentally and waiting throughout the NY session to be in profit so far it’s 10:13 AM and u already made $600+ this pair will keep on increasing that’s why i risk such a high percentage of my account.

  • @pipsnerd7615
    @pipsnerd7615 4 роки тому +1

    this is really good !!

  • @IndianaEd
    @IndianaEd 8 років тому +2

    Great Podcast.

  • @ahmedluay7619
    @ahmedluay7619 3 роки тому

    Aaron fifield always ask the right questions my man is on point

  • @michaliskaris4895
    @michaliskaris4895 4 роки тому

    Excellent conversation!!

  • @Dubsackjack
    @Dubsackjack 8 років тому +4

    i really like your show man.

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 років тому

      +Dubsackjack, awesome - I appreciate it dude.

    • @vexpose
      @vexpose 8 років тому +2

      Damn, this is the best trader interview channel EVER! Every trader should subscribe by default....By far no other trader interview channel is even close. Thanks for all the information. Really Appreciate it!!

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 років тому +1

      +Rich Dad, it's really encouraging to read this! Awesome to have you tuned in, thanks.

  • @tywanachenaulthemby257
    @tywanachenaulthemby257 4 роки тому +8

    As a psychology professor who trades...this is spot on!!!

    • @AnthonyVMx
      @AnthonyVMx 4 роки тому

      How long have you been trading?

  • @jaysan7904
    @jaysan7904 7 років тому +5

    Another awesome interview, keep in up Aaron! Respect!

  • @Tiguilandy
    @Tiguilandy 8 років тому +7

    new subscriber! thank you for your interviews they help a whole lot!

  • @WorldCollections
    @WorldCollections 2 роки тому +1

    Could have been titled "How to match your psychology to your trading". Very enlightening bits of wisdom. Thanks!

  • @Thyago2420
    @Thyago2420 4 роки тому +13

    I believe many traders fail for the same reason that investors fail in other asset classes. Trading and investing can be a profitable source of income, only if it's done the right way, and by the right way I mean trading on very good platform

    • @Arief351
      @Arief351 4 роки тому

      Having a good platform and mentor, is a major key to succeed in the market. Getting a reliable broker now, is very difficult. Among all the platforms I've been on, non could be compared to Mr Raziel platform

    • @graceboyd1956
      @graceboyd1956 4 роки тому

      Whether one trades bitcoin or any other asset class, the first step in achieving success is to create and follow a trading plan. "failing to plan is planning to fail" is an adage that holds true for any type of trading

    • @Thyago2420
      @Thyago2420 4 роки тому

      That's so true. The successful trader works within a documented plan that includes risk management rules and specifies the expected return on investment (ROI). that's why I do my trading on Mr Dan Raziel, because all of these are ensured

    • @Thyago2420
      @Thyago2420 4 роки тому

      +1 872201 8317 that’s his working WhatsApp line.

    • @samuelobodoekwe5312
      @samuelobodoekwe5312 4 роки тому

      No matter what anyone says, trading forex is not a get rich scheme. Becoming proficient enough to accumulate profits is not a Sprint- it's a marathon. So I suggest you start trading the right way

  • @channelee
    @channelee Місяць тому +1

    Thanks!

  • @murphyfx
    @murphyfx 4 роки тому +25

    The only thing I need to be more profitable in this business is psychology

  • @chiefchain7613
    @chiefchain7613 3 роки тому +1

    awesome job!

  • @TheMakki9119
    @TheMakki9119 8 років тому +10

    Aaron Fifield is a legend for bringing this to us. Salute

  • @PassportG
    @PassportG 7 років тому +2

    Great interview

  • @miceli911
    @miceli911 6 років тому +6

    Enable automatic subtitles in English please

  • @fantasyteamshorts6112
    @fantasyteamshorts6112 4 роки тому +1

    He has said something that should be heard again and again to set in