A lot of people think they should always be buying and selling something. That's a mistake. 99% of successful investing is waiting, learning, awareness/experience and getting extremely lucky with the market.
@@mayacho4910I totally agree, although coming into the market i missed the experience part, but my current trader helped me. She turned my 40k loss, made me 70k in a month, if not for her, i can't even begin to imagine....., she actually does most of my trading, to be honest.
@@theresagarcia1218 Exactly, i will never go into this market without guidance, please who is this coach that helped you, can you possibly do a referral?
This is just awesome, amazing and unbelievable at the same time!!! By far the BEST video on trading psychology I have seen so far!! I can’t thank you enough Dr.Steenbarger!!!
I loved what Dr says- practice trading with visualisation. I am so happy someone at least i this world gives my idea a thumbs up! I developed a technique which i used to trade and i called it creative visualisation . I control my fomo by visualisation of possible safe entry point within the trend and position sizing the risk !
Awesome video! This may be the best lecture on trading psychology I’ve ever seen. Thank you for posting - you’ve inspired me to spend some time and create concrete, actionable goals to improve my trading skills
Thanks Dr Steenbarger for the insight, and SMB for sharing it with us!! Much appreciated. I've read his Daily Trading Coach but am always glad to revisit,..
🎯 Key Takeaways for quick navigation: 00:00 📈 Handling FOMO in Trading 08:32 🏖️ Exposure Therapy for FOMO 16:07 💭 Cognitive Work: Changing Thinking Patterns 26:03 🔄 Broaden and Build: Balancing Life Portfolio 28:27 🧠 Managing trading psychology and FOMO 34:52 🚀 FOMO and trader intuition 36:31 🧬 Personality traits and FOMO 41:10 💰 Taking profits along the way 43:10 🎯 Goal setting and consistency Made with HARPA AI
Wow, this was so good! Developing experiences of safety is critical in becoming a great trader who is more concerned about consistency and growth rather than P/L
Consistent of profitability is more important than earning big PL in day to day. motivation should be learning not the PL. PL goes down it is even bigger opportunity. 1> Exposure therapy: Visualize yourself in a threatening situation and try to relax through breathing. Repeat this exercise several times and eventually, it will become normal. It is applicable in any areas of life. 2> USE ABCD technique: (A- trigger)you miss a trade, (B-tinking pattern that creat threat) you feel u r not good as others or others are getting ahead of you (C-consequences) you panic and you take an unreasonable decisions and do FOMO trade (D-) change the negative self-talk associated with missing a trade. Talk yourself the way you should talk to the person you care about the most. 3> Get a life! Diversify your emotion. That keeps your mind in check. 4> instead of defining you PL on money, define your PL by how much you learned and developed as a trader.
This week was a perfect example. I put a great trade on then walked away when it was going my way vs staying in a little longer and keeping my conviction and had I held it would have turned out to be the best trade of my life. There is of course times when I fomo and I do need to stop that. Thank you for the video.
Great video! FOMO is absolutely killing me 😩 I keep trying though. What I love about trading is there is constantly something to learn. Just when i think i have it figured out it proves me wrong LOL
This has SO much Value Thank you for posting. I've been wondering why it seems like I have NO brains when trading live. In SIM my win rate is 80% and I'm relaxed, thinking clearly and having fun. (I'm new at this)
This is great advice, as a beginner day trader I'm finally coming to realize it's more important to be able to make 100 good trades at 5$ per trade, than one good trade at $500
What a treat to have this meeting shared with the community. Such value in how Dr S shares his knowledge and psychology wisdom, I lost track of the positive takeaways here. Thanks Dr S & SMB for sharing this video!
@@pipgodduncan8292 Absolutely, 2 months later and I have improved my profitability, and my overall cognitive health. I recommend practicing the mindfulness exercises, and re-watching this every quarter. Good luck to you!
My problem is the opposite. I always think I missed out and I’m too late to get in and it keeps going. I actually changed my thinking with missed opportunities as a positive. There’s opportunities every day and you can’t get them all so get the next opportunity tomorrow.
i can relate a lot on what Dr. Steenbarger analyst as a retail trader and actually beyond trading its how we process realtime data in daily basics or at work and what would be the trigger for those decisions making situations who can have minutes or hours but to comeback to trading is a matter of seconds of an entry or an exit, scaling or full in etc etc , what i did learn following my little experience ! your biggest enemy isn't the market its your ego who is based on your back knowledge and having the hard time to accept you were wrong and sometimes even though you keep making the same mistakes but the facts of acknowledge them is key and make your way up ! i used to put a p/l goal but now i just focus on the charts and my strategies ! anyway thank you for sharing this video
This is not the first I am watching it. But it is the first I truly get it. I noticed this is one my biggest setbacks in my development progress. Thanks Dr. S. Thanks Mike
PLEASE ADVISE ME. I was told to spread my savings across different things like Trade to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.
you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.
Yo I didn't know Kate was this popular,my cousin trade with her for some months now, I tried but couldn't understand anything it's not my thing tho so I passed Lol. I can testify that trade pays very well because my cousin at 23 bought a house already.
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
I appreciate your approach of teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. I'm 47, and earn nothing less $150k per year, but nothing to show for it yet
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
Research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.
@@SamanthaCarolyn5 Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $120K to $370K in a short period of time. I basically was just following the steps and guideline from my financial advisor *PATRICIA DRITA JOSEFINA* as long as you've professional help, you're good to go
@@Wellingtonluzia3 That's impressive! I could use the expertise of this advisor, my portfolio has been stagnant..... How can I get started with PATRICIA DRITA JOSEFINA ?
*PATRICIA DRITA JOSEFINA* is the advisor that guides me, She has years of financial market experience and she is also FINRA & SEC verifiable, You can look her up internet &, message are there
Dr.steenbarger teachings and guidance are priceless. God bless Smb for providing access via TH-cam for all traders to study and apply Dr.steenbarger teachings. Priceless 🙏🙏🙏😊😊😊
![[풀영상] 2024 김연경 초청 세계여자배구 올스타전 "팀 스타 VS 팀 월드" [유료광고 포함] #김연경 #국가대표 #배구 #배구올스타전 #팀스타 #팀월드](http://i.ytimg.com/vi/SUKUgH1ltng/mqdefault.jpg)
Dr. Steenbarger's Blog: traderfeed.blogspot.com/
My strategy is; buy quality companies, expect to hold no matter what, pay up but don’t over pay, keep track, sell rarely, be ready to course correct.
A lot of people think they should always be buying and selling something. That's a mistake. 99% of successful investing is waiting, learning, awareness/experience and getting extremely lucky with the market.
@@mayacho4910I totally agree, although coming into the market i missed the experience part, but my current trader helped me. She turned my 40k loss, made me 70k in a month, if not for her, i can't even begin to imagine....., she actually does most of my trading, to be honest.
@@theresagarcia1218 Exactly, i will never go into this market without guidance, please who is this coach that helped you, can you possibly do a referral?
@@mariahhayes5089She is a licensed fiduciary in the U.S, i work with her to trade my securities.
@@mariahhayes5089Just look with her name online, you will be directed to her page, there you can leave your messages.
"The secret to permanently breaking any bad habit, is to love something greater than the habit." Great quote. 👍 good content
yes that's a great one
🔑
👍🏻
+1
One of the most amazing and beautiful psychology lesson not just for trading but for the overall life.
Never clicked on a video faster
haha
Didn't even blink.
Same way you did when u entered that FOMO trade
click faster on the video than when I clicked buy or sell out of fomo
Guys a video with stay on your plan guessing discipline can it be found?
Thank you all for being part of this production. Im a subscriber and look forward to more content.
More to come!
I can't be more thankful for such a trading content !
Thank you SMB, Thank you Dr. Steenbarger !
This is just awesome, amazing and unbelievable at the same time!!! By far the BEST video on trading psychology I have seen so far!! I can’t thank you enough Dr.Steenbarger!!!
I loved what Dr says- practice trading with visualisation. I am so happy someone at least i this world gives my idea a thumbs up! I developed a technique which i used to trade and i called it creative visualisation . I control my fomo by visualisation of possible safe entry point within the trend and position sizing the risk !
Awesome video! This may be the best lecture on trading psychology I’ve ever seen. Thank you for posting - you’ve inspired me to spend some time and create concrete, actionable goals to improve my trading skills
What an amazing person Dr Steenbarger is! I am reading his book “Trading Psychology”. Brilliant read!
I’m going to play this video in the morning every day I trade. Thank you! 🙏🏼
Thanks for making trading psychology a specific topic. Really appreciated. Hope to see more related content in the future!
This is pure gold. Thank you for sharing!
Amazing, thank you Dr. Steenbarger & SMB Capital for the recording!
This true real practice advice!!! I love it exactly what I was searching for! Thank you for this big eye opening advice
Thanks Dr Steenbarger for the insight, and SMB for sharing it with us!! Much appreciated. I've read his Daily Trading Coach but am always glad to revisit,..
🎯 Key Takeaways for quick navigation:
00:00 📈 Handling FOMO in Trading
08:32 🏖️ Exposure Therapy for FOMO
16:07 💭 Cognitive Work: Changing Thinking Patterns
26:03 🔄 Broaden and Build: Balancing Life Portfolio
28:27 🧠 Managing trading psychology and FOMO
34:52 🚀 FOMO and trader intuition
36:31 🧬 Personality traits and FOMO
41:10 💰 Taking profits along the way
43:10 🎯 Goal setting and consistency
Made with HARPA AI
That was a great video. I’ll be watching again with my journal. It’s always so interesting the mind body relationship.
Happy Birthday Brett....and many happy returns!!
Best guy in trading Psychology Dr Steenbarger, hats off to you and SMB!
Wow, this was so good! Developing experiences of safety is critical in becoming a great trader who is more concerned about consistency and growth rather than P/L
Very clear communication skills and transparency
Consistent of profitability is more important than earning big PL in day to day.
motivation should be learning not the PL. PL goes down it is even bigger opportunity.
1> Exposure therapy: Visualize yourself in a threatening situation and try to relax through breathing. Repeat this exercise several times and eventually, it will become normal. It is applicable in any areas of life.
2> USE ABCD technique: (A- trigger)you miss a trade, (B-tinking pattern that creat threat) you feel u r not good as others or others are getting ahead of you (C-consequences) you panic and you take an unreasonable decisions and do FOMO trade (D-) change the negative self-talk associated with missing a trade. Talk yourself the way you should talk to the person you care about the most.
3> Get a life! Diversify your emotion. That keeps your mind in check.
4> instead of defining you PL on money, define your PL by how much you learned and developed as a trader.
This man is world class for real. Thank you SO much Dr. S for sharing your wisdom and experience with the world. Cheers (non alcoholic cheers ;)
Came here for getting rid of FOMO took some really great learnings 😊❤️
Much respect for Dr. Brett!!
yes, absolutely!
Brilliant piece of info .... thanks to SMB team to share it .....
Awesome insight and sharing! Thank you so much!!
I want to thank SMB Capital for this excellent presentation on Trader's Psychology - I have learned allot and with be putting ABCD into practice...
This channel is very under rated. Excellent content
This week was a perfect example. I put a great trade on then walked away when it was going my way vs staying in a little longer and keeping my conviction and had I held it would have turned out to be the best trade of my life. There is of course times when I fomo and I do need to stop that. Thank you for the video.
Best trading video you've put out to date. Thank you
Thank you Dr Steenbarger for these amazing lessons! Cant believe i haven't watched before some real Psychology gems appreciate the video, thanks! 😎
Killer info!! thanks mike and dr steen , very much appreciated!!
Great video! FOMO is absolutely killing me 😩 I keep trying though. What I love about trading is there is constantly something to learn. Just when i think i have it figured out it proves me wrong LOL
These Dr. Steenbarger videos are so great.
Does the magnitude of profitability just not matter at all? that can't be the case. but I get it!!!
Amazing insight from the gentleman,drilling diwn to the core of FOMO
I love this guy - a leading authority in his field
I will re-watch this. It's so profound
Great video, The best I have watched all year..
best trading psychology video ever watched!
Excellent video. I might have to watch it again later. You can know all this, but without change in habit, it wont change. Specially in this market.
Absolutely top notch advice here. Thank you sir.
I could watch this all day.
Very informative video. SMB Capital always provides us, Traders, with valuable direct applicable contents. 🇦🇴🇦🇴🇦🇴🇦🇴
This video saved my life. thank you so much.
My heart glowed when I heard Dr S drop the F bomb. I love it
Most to the point problem (“THE Problem”) addressed very appropriately
This has SO much Value Thank you for posting. I've been wondering why it seems like I have NO brains when trading live. In SIM my win rate is 80% and I'm relaxed, thinking clearly and having fun. (I'm new at this)
This guy speaks so nicely!
Thank you Dr. Steenbarger. Valuable lessons to take onboard and mediate on them always.
thank you! so much value here!
Thank you sir for all the giving ...... So much to learn
Love that guy. Thanks for posting!
Thank you, that is so helpful! Not only for trading...
Thank you!! Great stuff here!!
Awesome info, thanks a lot.
Thank you so much that was really helpful.
This is great advice, as a beginner day trader I'm finally coming to realize it's more important to be able to make 100 good trades at 5$ per trade, than one good trade at $500
Math is your best friend. Hope is not your friend.
Preach it
Great, if you get it from the beginning, numbers Wil add up naturally.
Thank you SMB 🙏
I needed to hear this.
this channel is a gold mine
What a treat to have this meeting shared with the community. Such value in how Dr S shares his knowledge and psychology wisdom, I lost track of the positive takeaways here. Thanks Dr S & SMB for sharing this video!
show notes coming on the blog
@@mbellafiore19 thx! I will be on the lookout for sure
🤘🏽
Thank you for sharing amazing . Tq SMB and dr. Steen
Our pleasure!
Excellent, thank you!
Thank you for Sharing this watch this couple of times.
🙂
I need to watch this video every single day.
Great content! Thanks a lot🤗
this is so good. thank you
Thank you so much
Growth and development makes us more successful in the long term
Amazing! Just need the real life implementation of this..
Thanks for your book
One good trade
i am feeling like dr steenbarger is talking about me...mind blowing
This is absolute gold. This will make me a better trader.
thx Joseph!
🥇
@@smbcapital no thank you!
Did it?👀
@@pipgodduncan8292 Absolutely, 2 months later and I have improved my profitability, and my overall cognitive health. I recommend practicing the mindfulness exercises, and re-watching this every quarter. Good luck to you!
Man, I wish I saw this video a month ago lol
But seriously, brilliant man
Thank You Dr S n SMB
excellent content!
This man is a legend! 😎
My problem is the opposite. I always think I missed out and I’m too late to get in and it keeps going.
I actually changed my thinking with missed opportunities as a positive. There’s opportunities every day and you can’t get them all so get the next opportunity tomorrow.
always decide levels and act on that like a robot
i can relate a lot on what Dr. Steenbarger analyst as a retail trader and actually beyond trading its how we process realtime data in daily basics or at work and what would be the trigger for those decisions making situations who can have minutes or hours but to comeback to trading is a matter of seconds of an entry or an exit, scaling or full in etc etc , what i did learn following my little experience ! your biggest enemy isn't the market its your ego who is based on your back knowledge and having the hard time to accept you were wrong and sometimes even though you keep making the same mistakes but the facts of acknowledge them is key and make your way up ! i used to put a p/l goal but now i just focus on the charts and my strategies ! anyway thank you for sharing this video
I found great value in this. Thank you for making it available.
SMB always with the goods
Great stuff!!
This is not the first I am watching it. But it is the first I truly get it. I noticed this is one my biggest setbacks in my development progress. Thanks Dr. S. Thanks Mike
Value here, thanks smb
Связка просто топчик, респект!
The longer I’ve been trading, the more interested I am in trading psychology.
Measure yourself based on consistent profitability, not magnitude of profitability, love it
this is extremely useful
PLEASE ADVISE ME.
I was told to spread my savings across different things like Trade to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.
Ellen DeGeneres hosted Kate floretta on TV 2 yrs ago that was where I saw kate and followed up.i have also been attending her Trade seminars.
you must have these things in mind
1. Have a long term mindset.
2. Be willing to take *risk*.
3. Be careful, if you're not spending to earn back, then stop spending.
4. Never claim to know - Ask questions and it's best you work with an assistant.
Yo I didn't know Kate was this popular,my cousin trade with her for some months now, I tried but couldn't understand anything it's not my thing tho so I passed Lol. I can testify that trade pays very well because my cousin at 23 bought a house already.
When it comes to Trade, I can confidently say that bitcoin is the best option. But most people think it's all about buying and leaving it to rise but It takes a lot more you need to trade it to earn daily.
I think I might have came across the name on an interview last year where she spoke about finance.
Love this!
Excellent
I appreciate your approach of teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. I'm 47, and earn nothing less $150k per year, but nothing to show for it yet
Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.
Research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.
@@SamanthaCarolyn5 Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $120K to $370K in a short period of time. I basically was just following the steps and guideline from my financial advisor *PATRICIA DRITA JOSEFINA* as long as you've professional help, you're good to go
@@Wellingtonluzia3 That's impressive! I could use the expertise of this advisor, my portfolio has been stagnant..... How can I get started with PATRICIA DRITA JOSEFINA ?
*PATRICIA DRITA JOSEFINA* is the advisor that guides me, She has years of financial market experience and she is also FINRA & SEC verifiable, You can look her up internet &, message are there
Dr.steenbarger teachings and guidance are priceless.
God bless Smb for providing access via TH-cam for all traders to study and apply Dr.steenbarger teachings.
Priceless 🙏🙏🙏😊😊😊
we are happy to share with the trading community
$DRIP all in life changing trade
This is Gold!!
thx andrew!
Sooo amazing. Thanks😍😍😍😍😍😍😍😍😍
What an amazing lesson, too much value in it. Thank you for sharing it!! Greetings from Central America.
This is a great video with great advice. Very grateful that SMB is posting this content for free! Cheers and have a good Christmas break!
Can I apply quit smoking mindset to getting rid of bad habits in trading? Are they even close in some ways?