A Trader’s Learning Process

Featuring Brett Steenbarger

How does a trader actually get better at their craft? Master trading psychologist Brett Steenbarger discusses, and provides some helpful lessons for how to improve as an investor.

Published on
12 June, 2018
Trading, Psychology
7 minutes


  • PH

    Peter H.

    17 6 2018 22:57

    0       1

    This is not useful

  • ZY

    ZHENG Y.

    15 6 2018 16:08

    0       0

    Good for new trader that without group help, he did show a "path". Although the actual "walk" still very hard for new trader.

  • AA

    Aymman A.

    13 6 2018 17:54

    0       0

    Steenbarder is brilliant. I have read his books, however this talk was really not useful.

  • DS

    David S.

    12 6 2018 20:44

    0       0

    I like the short-focused format. Always helps to review basics whether trading or chemistry. DLS

  • NC

    Novel C.

    12 6 2018 19:35

    1       1

    I was expecting more, especially when psychology is such an important part of investing

  • WH

    W H.

    12 6 2018 13:11

    11       0

    I am a fan and have his books, but this segment is not useful.

    • RK

      Robert K.

      12 6 2018 21:07

      0       0

      This particular interview was a bit light for sure but I have to admit having the "psychology" basics covered right from the beginning would have saved me a lot of money.

    • WH

      W H.

      12 6 2018 22:47

      3       0

      Amen to that. Should have him back to let him rip for 30 minutes without watering things down.

  • RK

    Robert K.

    12 6 2018 12:53

    0       0

    Always nice to re-visit the basics. Hope we'll see more. Thanks!

  • RW

    Richard W.

    12 6 2018 12:03

    2       0

    Following from the ideas in Raoul's really useful video of a few days ago, I think it would be helpful to label articles, videos, etc with some type of level indicator.

  • RB

    Richard B.

    12 6 2018 11:54

    1       0

    Surface level stuff.

  • VC

    Vince C.

    12 6 2018 09:29

    3       2

    Am going to have to respectfully disagree with Brett. Quite the institutionalised, corporate view. The primary (and only feedback, really) needed is the market and actual performance - mixed with a heavy dose of self awareness. If one is trading proprietary full time then by definition they are an entrepreneur. The corporatised rank and file model need not apply

    • JD

      Jonnathan D.

      12 6 2018 11:27

      0       0

      What are you disagreeing with? He used a hedge fund as an example and not as a solution. You're both making the exact same points.

    • MK

      Michael K.

      12 6 2018 12:45

      0       0

      Sir, pardon my disagreement but it sounds like you are using your resentments against institutional traders and market participants as a way to discredit this person’s admittedly simple model. But the thing is it doesn’t need to be complex, it just needs to be done. Whether you like it or not, institutional flow, human or otherwise, is the market. Not independent heroes swimming against the tide. Legendary investors almost uniformly got their start on the institutional corporate rank and file before presumably shedding that skin. But learning about execution, instrument lifecycle, liquidity, and participant type segmentation are kind of the 101 or trading to judge a market. Raoul worked on the sell side and cut his chops as a salesperson if I am correct!

    • VC

      Vince C.

      12 6 2018 15:15

      0       0

      Appreciate the comments but it seems both have misdirected the meaning of my own comment. I have no resentment towards institutional traders or any market participants. Market participants are, market participants. There's no subjectivity that comes with that. I am also taking a decidedly opposing view to the framework Brett overlays between institutions, hedge funds and individuals - so no Jonnathan, I am not unknowingly agreeing with him.

      I also reject the notion that one most work for a corporation before becoming successful in trading (or business in general). I HAVE worked at corporation/s in the past, but that is most definitely not a pre-requisite. My grandfathers and other kin is enough evidence for me to attest to that.

      Now then, back to trading my own proprietary account... it's how I make my living ya know?