REWIND: Passion, Pitfalls, and Finding an Edge with Dr. Brett Steenbarger
Limit Up! Podcast
English - March 23, 2019 01:00 - 58 minutes - 53.8 MB - ★★★★★ - 53 ratingsInvesting Business Education Self-Improvement trading podcast professional trader trading education trading for a living trading tips learn to trade trading career path finance investing trading Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this “Best of Limit Up!” rebroadcast, hear Dr. Brett Steenbarger discuss his latest book, Trading Psychology 2.0, as well as some of his best tips on avoiding common pitfalls and how to keep a trading journal as a way to learn from trading mistakes.
Dr. Brett Steenbarger is a multifaceted trading coach that specializes in the psychology of trading, having published four books and maintaining a blog on the subject. He also holds the position of Clinical Associate Professor at The State of New York College in Syracuse, New York.
[03:56] What makes the best traders the best
[05:57] Being self-aware in trading performance
[07:36] Red Flags
[11:42] Passion for trading vs. passion for markets
[14:54] Core elements for a successful trading journal
[24:07] Work, family, and personal life balance
[24:47] Trading psychology 2.0 as an update on first book
[25:36] What’s changed his thoughts on applied trading psychology
[27:47] Open outcry vs. electronic trading
[29:39] Common pitfalls: overtrading
[31:20] Common pitfalls: not sticking to lost limits
[33:06] Common pitfalls: overconfidence
[34:56] Common Pitfalls: accepting losses
[37:21] Dwelling on losing trades
[38:56] One thing you’d tell your past self about trading
[41:55] How to detach from markets
[43:04] Growing a small trading account
[44:40] Impatience in trading
[45:58] Most important characteristics of a trader
Check out Dr. Brett Steenbarger’s Blog at http://traderfeed.blogspot.com/ and on Twitter @steenbab
Limit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/
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Podcast episode production by Dante32.