Great video and thanks for providing the mood chart for printout. 12 years in now. I'm a scalper and I learned early on if I go 2 1/2 or 3 hours into the trading day after the open and take no trades and my mind starts repeating, "this action sucks today". I'll just shut down and call it a day. Yes it may eventually get clearer later but more often than not for me I'm going to at some point lose my patience, take something marginal, and most likely lose and then feel worse.
I have less than a year of experience in trading and have started to really follow my scalping strategy only recently. I was so happy until tonight. I was thinking just as you said "this action sucks, I should not trade tonight' (living in Asia). I then heard SMCI was getting a beating and went totally out of my strategy and got a huge loss. From there, tilt, shower, reset, 12 wins in a row. But not respecting my exit rules on the third and took another huge loss. Yesterday was my best day ever. Today is my worse day ever. I should have just read a book instead, haha...
The comment mentioned at 22:55 and Dr. S's response have just IMMEDIATELY shifted my thinking. I can't believe I didn't see it this way before. I appreciate the videos you put out each and every time. Thank you so much!
The “desk pound” story was an ah ha moment for me! I usually exclaim “S. O. B.!”, but in reality those are the moments when I wished I had listened to my plans of entry rather than changing my plan and entering too soon only to be left holding the bag until the price comes back into range of my entry. I also realize this is why options scare me because it’s much more forgiving to hold shares than to take loss after loss. I used to get out of trades and lose money rather than wait a day or two… (or a week or two), and not take the loss. The psychology of trading intrigues me almost as much as making money in trading, but I think it’s every bit as important as one definitely affects the other respectively.
00:03 Dr. Brett Steenbarger introduces the concept of emotional awareness and its impact on trading psychology. 02:50 Institutional investors' confusion on Tesla's stock jump. 08:36 Importance of self-awareness and emotional distancing for optimal trading performance 11:14 Maintain emotional self-awareness to make proactive trading decisions. 16:34 Stay centered during trading to manage emotions effectively. 19:10 Developing emotional awareness for traders 23:14 Importance of self-awareness in trading psychology 25:42 Trading psychology is about real-time performance and practice 30:25 Utilizing emotions as a trading indicator 32:19 Practice emotional grounding techniques before implementing them in trading. 36:54 Opportunity to join trading firm without risking capital Crafted by Merlin AI.
I can relate totally with the surgeon analogy. I am retired now, but I was a marine chief engineer for 32 years. Some time during my career I developed this mediate corrective response mechanism when bad things happened (fires, machinery blowing up, propulsion failing at the wrong time. Things like that). My emotions were nearly imperceptible in these events, and my corrective action response was mediate. And almost always effective. I don't know how this happened actually but if I can port this over to my trading it would be great. Hmmmm #: )
Its great to join you guys on this journey Jeff. For my trading I gained alot of progression once I learned about, and dove deep into re-programming the subcousious mind and honestly not to forget so many lessons from the SMB channel🙏🏼🏆🌟
Pure GOLD!!! Thank you for sharing these precious tools and delivering such enlightening talks! The SMB Capital pros ROCK!!!!!! I'm in the high-pleasant, high-energy quadrant right now thanks to you guys, it's great! 😂 Cheers
This is perhaps the most influential book I had read all time. Been thinking about how to use the mood meter in my trading journal as well. Never thought SMB will use the mood meter as well!!
I found this to be an absolutely outstanding video! Reiterates some of the stuff I've read (and am still working on) in a book entitled Trade Mindfully by Dr. Gary Dayton. Would love to hear Dr. Steenbarger's take on NLP, anchoring, and other techniques he finds useful
. Be aware of emotions and alos be aware of body sensations (in real time this can anchor you to the reality of whats going on within the framework of your body and help you center). Whenever there is an emotion positive/negative there is an accompanying body sensation and our reactions come from these pleasant/unpleasant body sensations. Vipassana meditation has helped :). Very interesting talk!
The video highlights practical insights into applying self-awareness and emotional regulation in trading. Dr. Steenbarger’s Mood Meter approach, especially the Z-axis of focus, helps traders assess cognitive clarity alongside emotions, enhancing decision-making. Using emotions as information, traders can make proactive rather than reactive choices, aligning with Hougaard’s Best Loser Wins philosophy. Real-world examples, like “centering” exercises, show how small adjustments keep traders grounded, emphasizing that managing-not avoiding-emotions is key for long-term success.
How sad to be discussing emotional control and you want to through politics into your trade? The professional traders I know are laughing all the way to the bank. To allow these types of thoughts into your trading is the first sign your success as a trader will be limited.
SMB Free Scalping Class: bit.ly/4ffTeQI
Mood Meter: bit.ly/3YzrEbD
Dr.S Blog: traderfeed.blogspot.com/
Book Mentioned: amzn.to/3YCdAhv
Great video and thanks for providing the mood chart for printout. 12 years in now. I'm a scalper and I learned early on if I go 2 1/2 or 3 hours into the trading day after the open and take no trades and my mind starts repeating, "this action sucks today". I'll just shut down and call it a day. Yes it may eventually get clearer later but more often than not for me I'm going to at some point lose my patience, take something marginal, and most likely lose and then feel worse.
I have less than a year of experience in trading and have started to really follow my scalping strategy only recently. I was so happy until tonight. I was thinking just as you said "this action sucks, I should not trade tonight' (living in Asia). I then heard SMCI was getting a beating and went totally out of my strategy and got a huge loss. From there, tilt, shower, reset, 12 wins in a row. But not respecting my exit rules on the third and took another huge loss. Yesterday was my best day ever. Today is my worse day ever. I should have just read a book instead, haha...
This exactly
The comment mentioned at 22:55 and Dr. S's response have just IMMEDIATELY shifted my thinking. I can't believe I didn't see it this way before. I appreciate the videos you put out each and every time. Thank you so much!
This is a great video with insights to understanding our emotions thru trading either if we are loosing or winning. Thank you
Best interview with Dr S ever! Thank you all.
The “desk pound” story was an ah ha moment for me! I usually exclaim “S. O. B.!”, but in reality those are the moments when I wished I had listened to my plans of entry rather than changing my plan and entering too soon only to be left holding the bag until the price comes back into range of my entry.
I also realize this is why options scare me because it’s much more forgiving to hold shares than to take loss after loss. I used to get out of trades and lose money rather than wait a day or two… (or a week or two), and not take the loss. The psychology of trading intrigues me almost as much as making money in trading, but I think it’s every bit as important as one definitely affects the other respectively.
00:03 Dr. Brett Steenbarger introduces the concept of emotional awareness and its impact on trading psychology.
02:50 Institutional investors' confusion on Tesla's stock jump.
08:36 Importance of self-awareness and emotional distancing for optimal trading performance
11:14 Maintain emotional self-awareness to make proactive trading decisions.
16:34 Stay centered during trading to manage emotions effectively.
19:10 Developing emotional awareness for traders
23:14 Importance of self-awareness in trading psychology
25:42 Trading psychology is about real-time performance and practice
30:25 Utilizing emotions as a trading indicator
32:19 Practice emotional grounding techniques before implementing them in trading.
36:54 Opportunity to join trading firm without risking capital
Crafted by Merlin AI.
I can relate totally with the surgeon analogy.
I am retired now, but I was a marine chief engineer for 32 years. Some time during my career I developed this mediate corrective response mechanism when bad things happened (fires, machinery blowing up, propulsion failing at the wrong time. Things like that). My emotions were nearly imperceptible in these events, and my corrective action response was mediate. And almost always effective.
I don't know how this happened actually but if I can port this over to my trading it would be great. Hmmmm #: )
Its great to join you guys on this journey Jeff. For my trading I gained alot of progression once I learned about, and dove deep into re-programming the subcousious mind and honestly not to forget so many lessons from the SMB channel🙏🏼🏆🌟
how did you reprogramme your subconscious mind?
Wonderfull approach and very helpfull Advices.
Thank you from the other side of the Ocean,Turkey🥰🥰🥰
This is a great video, I look forward to following along within my SMB subscription. ❤
Guys, really thaks for be out there for all of us. great vid.
" Playing bridge , the card game, is like sex ; If you don't have a good partner you'd better have a good hand "
I just fell off my chair 😂😂😂
Thanks guys!
Looking forward to the video that will discuss real time techniques on how to deal with emotions.
Pure GOLD!!! Thank you for sharing these precious tools and delivering such enlightening talks! The SMB Capital pros ROCK!!!!!!
I'm in the high-pleasant, high-energy quadrant right now thanks to you guys, it's great! 😂
Cheers
Self awareness is the key
Thank you very much for this very vital video.
Excellent! Really great insight! Thanks Jeff and Dr. S.! And what a great metaphor!! :)
This is perhaps the most influential book I had read all time. Been thinking about how to use the mood meter in my trading journal as well. Never thought SMB will use the mood meter as well!!
This was amazing! Unique view of trading psychology
This is great thank you guys so much. Best trading channel on youtube ez
Thank you great info much appeciated
Fantastic video.
He is very skilled
No doubt about that
Wow🌟🌟🌟🌟🌟🌟Many thanks!
The info in this video, is not only valuable for trading but for life.
I found this to be an absolutely outstanding video! Reiterates some of the stuff I've read (and am still working on) in a book entitled Trade Mindfully by Dr. Gary Dayton. Would love to hear Dr. Steenbarger's take on NLP, anchoring, and other techniques he finds useful
Is there a video about the EV tool exercise?
Desk pounding killed me! That could be triggered by a number of variables and the person was not aware of it, definitely.
Where can I see the next meeting you had following the same topic, I can't find it on the UA-cam channel?
Dr, S comes up with the greatest lines. 🤣
the word of wisdom stick to me the most. lol
Going too, far too fast, you nailed it.
. Be aware of emotions and alos be aware of body sensations (in real time this can anchor you to the reality of whats going on within the framework of your body and help you center). Whenever there is an emotion positive/negative there is an accompanying body sensation and our reactions come from these pleasant/unpleasant body sensations. Vipassana meditation has helped :). Very interesting talk!
thanks irs me a gain mande mande calvin... thankd for
Follow-up when :) ??
Nice
The video highlights practical insights into applying self-awareness and emotional regulation in trading. Dr. Steenbarger’s Mood Meter approach, especially the Z-axis of focus, helps traders assess cognitive clarity alongside emotions, enhancing decision-making. Using emotions as information, traders can make proactive rather than reactive choices, aligning with Hougaard’s Best Loser Wins philosophy. Real-world examples, like “centering” exercises, show how small adjustments keep traders grounded, emphasizing that managing-not avoiding-emotions is key for long-term success.
31:29 SMB should keep him to fade him :) great opportunity missed.
How sad to be discussing emotional control and you want to through politics into your trade?
The professional traders I know are laughing all the way to the bank. To allow these types of thoughts
into your trading is the first sign your success as a trader will be limited.
psychprofile AI fixes this. The World's #1 Trading Psychologist.