Bone.. he traded every day and I suspect he was a darn good trader. He actually wrote on his blog about how he had a huge loss when he was younger and was shorting the market. He later went to work as a trader a prop firm but decided the psychology was more important to him. You can read about it on his blog.
While he didn't make quantified predictions (I haven't met anyone besides myself who will) -- I know he was better then most because I bet against every one out there making calls and I always beat them. The reason I started paying attention to him was that I had my first losses (prediction losses) against him. So, I immediately started to pay attention. I don't think he can be faulted really except he didn't make quantified predictions but did share his bias. He can also be faulted for not hiring/helping to hire one of the greatest predictors in this world of worlds. That may prove to be a most significant fault in years to come. But everyone has made that fault too (besides for myself). And, then again it is a good to triumph without help. So, what seems a negative may be the greatest positive.
He was a very good indicator for me because he always turned slower (but surer). He had a good feel on the overall market direction and always provided GOOD market analytic and not just psychology stuff.
Yes a lot of stupid stuff is flying here. Really stupid stuff. anyone with half a brain knows that though. sorry coach.
Lets just be real blunt about it: he's accomplished more and will leave a far greater legacy then anyone else here I know except for Gary Smith. His blog remains the most valuable AND FREE source of information for traders ever created, in my strong opinion.
Anyone here who thinks they can create as great a legacy is free to prove me wrong. I'd love to see it and to have even 1 source for trader information as both VALUABLE and INSPIRATIONAL as Dr. Brett's blog.
Here some good links:
http://traderfeed.blogspot.com/2006/09/becoming-your-own-trading-coach.html
http://traderfeed.blogspot.com/2007/04/trading-mentors-and-coaches-resource.html
http://traderfeed.blogspot.com/2007/04/performance-coaching-when-it-works-when.html
http://traderfeed.blogspot.com/2007/04/trading-mentors-and-coaches-resource.html
Anyone who bother to read Dr. Brett's blog can not be left with the impression that he didn't trade. There are multiple references that he got up each morning at about 4 AM and traded. He even shared is methodology. He also made a ton of posts about how trading psychologist needed to trade to be able to help traders. He made the distinction between mentors and coaches. My take was that he was a coach because he only worked with traders who had demonstrated prior success.
nor has he been an actual practitioner from what he told me during a social conversation at an industry event
If practitioner refers to one who trades then that's BS.
Read his blog. You'll find dozens of quotes where talks about trading. I'm not going to bring them here though. Not my job. Not my time.
Quote from bone:
There is some really savage and downright uninformed personal stuff flying around here. Not fair and not professional.
Brett Steenbarger was not a trader while at Kingstree. He cannot be legitimately called a trading guru - he was not trained in the art, nor has he been an actual practitioner from what he told me during a social conversation at an industry event. He is, however, a pre-eminently trained and qualified psychologist who has worked closely with traders over the years, and to that end I would opine that he knows more about the psychological and emotional aspects affecting a trader than any other person on the face of the earth. A trading guru ? Perhaps not in terms of the strict definition. A trading psychology guru ? Of the highest order, probably none better. Is one more relevant or important than the other ? I'm not sure - depends on the topic or person.
