Coping With Risk and Uncertainty By Brett N. Steenbarger, Ph.D.
How do you cope with the risk and uncertainty that are built into markets, and are you coping effectively? In this and my next article, I will be tackling these important questions. How do you cope with the risk and […]
Explaining Market Success By Brett N. Steenbarger, Ph.D.
Numerous books have been written on the topic of trading success. Nevertheless, it is unclear how expert traders obtain their expertise. Several explanatory models are implicit in market
Being Right and Making Money Are Not Equivalent By Van K. Tharp, Ph.D.
At investment conferences, the hottest speakers are those who provide information about high probability entry techniques. If you say, "Trade with the odds on your side" and show
Behavioral Patterns That Sabotage Traders – Part II By Brett N. Steenbarger, Ph.D.
Consider the following psychological scenarios: A student needs to pass an anatomy course final exam in order to successfully complete his first year in medical school. Because his first
Behavioral Patterns That Sabotage Traders – Part I By Brett N. Steenbarger, Ph.D.
Although I do not maintain a private practice of counseling/coaching for traders, it is perhaps inevitable that traders would contact me for assistance after reading my book on
Overcoming Market Panic By Brett N. Steenbarger, Ph.D.
When I was a beginning trader, I naively believed that a 100-share trade was no different from a 10,000 share one, since both could be executed with the
Trading as Mental Warfare By Brett N. Steenbarger, Ph.D.
Writings on the psychology of trading commonly view emotional conflicts and reaction patterns as impediments to successful trading. Accordingly, they advocate various therapeutic and self-improvement exercises to remove
When to Play By Brett N. Steenbarger, Ph.D.
In a game of Texas Hold’em, each player receives two cards initially. Then the betting begins. After that round, the dealer uncovers a set of three cards. These
How to Take a Loss By Brett N. Steenbarger, Ph.D.
There are quite a few books written on how to make money in the market. Some of them are even written by people who have made money as
The Three Vices of Trading By Brett N. Steenbarger, Ph.D.
The following is a short article that summarizes several of the psychological pitfalls that interfere with accurate pattern recognition. My hope is that traders can focus on these