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 cards, called the flop, are available for use by all players to […]

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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

Personality, Emotions, And The Psychology Of The Trader

Tracking Your Confidence Level Every trade that is entered reflects a judgment one is making.  But how confident are you that the trade is an excellent one?  Most people