Best Practices of Top Traders, Dr. Brett Steenbarger

Are traders dumb or plain stupid?

These external happenings are outside the control of trader.These suck traders in

Trading Education Buyer said:
here are powerful emotional hijacks in this clip, imagine these people as traders who have lost their money and want their money back from the market.

Here is a way to test , why emotional mental states dictate the failure of technical analyses, price action snake oil , trend trading and trend losses and chop outs.

If traders were given the above price action , trend trading ,chop outs and fundamental analysis , if the they were in the following emotional states , what would be the end results of the analyses?

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One only needs to look at all the engineers on boards like these who jerk off night and day to their neural network paper trading results to realize that success in trading is a combination of fearlessness with a measure risk aversion, numeracy, and the ability to intuit correlations in real-time.
 
profitlocker said:
One only needs to look at all the engineers on boards like these who jerk off night and day to their neural network paper trading results to realize that success in trading is a combination of fearlessness with a measure risk aversion, numeracy, and the ability to intuit correlations in real-time.
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o_O:p...Trading forums ...are kind of like sitting at a poker table...it's kind of tough to determine who's full of stuff/bluffing, and who's the rare one holding the real hand...
 
https://www.psychologytoday.com/blo...ults-out-control-the-spread-stress-reactivity

What is particularly harmful is stress reactivity. Stress reactivity means that you are threat reactive--that you have a low threshold for threat, and perceived threat triggers a stress response. This is not a good use of the stress response.

Sapolsky showed how stress reactivity can destroy health. But I think it can also destroy a society.

The stress response "makes you stupid" because it moves blood flow away from the neocortex and into your muscles, anticipating action.

The stress response also makes you egocentric as your self-preservational instincts take over, lowering your empathy and compassion.


IMAGINE:Market is stressing you out , with stop outs , losses , set up failures etc etc etc

 
Amazing how many are ignorant of Dr. Steenbarger, and then make such inane statements. Wow.

Google the man at least.

No connection, no endorsement. Just someone I came across who clearly has trading knowledge, some of which I use and some I ignore.
 
sysfraix said:
I've found this webinar very enlightening.
Dr. Steenbarger states that we should focus on what we do very well rather than trying to fix weaknesses.
Which make sense, better keep the good trades and avoid the bad trades. Simply less negative trades is a game changer.
So we must study our best trading practices and stick with them.

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Cool Link. I have heard Steenbergers books are worth reading.
 
southall said:
Most of the items you list are issues that effect beggining traders on the whole, experts occasionally suffer from these but they pretty much have that stuff under control.

They have experienced and moved past that stuff and are able to operate at a much higher level. You want to see what those guys do in common.
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Half the information can be dangerous for traders , if coach is only a teacher on a subject , he does not know enough about and is not succesful as a trader.
 
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