Rhyme or Reason? Applying the science of psychology to the art of trading
About this episode:
How are emotions involved in the decision-making process of a trader? Do traders set aside their emotions or analyse them to make better decisions? Dr Brett Steenbarger is a psychologist and performance coach who counsels traders and hedge-fund portfolio managers in the US, Europe and Asia. He wrote the first definitive book on trading psychology, titled ‘The Psychology of Trading’, along with ‘The Daily Trading Coach’, and his latest offering, ‘Trading Psychology 2.0’. He discusses the need for traders to have cognitive flexibility and open-mindedness, and explains why cultivating creativity and a life outside the trading room is essential to the work inside it.
Brett Steenbarger
Brett N. Steenbarger, Ph.D. is clinical professor of psychiatry and behavioral sciences at SUNY Upstate Medical University and the author of four books on trading psychology. Brett also works as a performance coach for traders and portfolio managers at hedge funds and other money management firms, and authors the TraderFeed blog (traderfeed.blogspot.com).
His areas of specialisation are short-term strategies for changing behaviour patterns and ways of thinking, and positive psychology strategies for building creativity and teamwork