The Psychology of Hedge Fund Traders (Insights from Elite Trading Psychologist)

SMB Inside Access Just Launched: bit.ly/49QoVgy
SMB Trading Workshop (Learn 3 Trading Setups): bit.ly/3QiD9Qp
Dr. Brett Steenbarger's Blog: bit.ly/traderfeed
00:00 - Intro to Dr.S
00:40 - Traders Must Network
02:05 - Why Hedge Funds are Successful
04:05 - Why Traders Don't Succeed
05:50 - Key to Success as a Trader
07:43 - Who are You Making Money From?
11:58 - Think Like the Big Hedge Funds
15:02 - Why the Big Picture Matters
22:00 - The Role of Creativity in Trading
25:03 - What Makes a Really Successful Trader?
28:41 - The 4 BIG Dimensions Important to Performance
31:15 - Think of Trading as Multiple Processes
34:58 - 4 Components of Success in Hedge Funds
36:26 - Important Perspectives in Peak Performance
39:05 - Questions
#tradingpsychology #daytrading #tradingmindset
SMB Disclosures www.smbtraining.com/blog/smb-...

Пікірлер: 162

  • @smbcapital
    @smbcapitalАй бұрын

    SMB Inside Access Just Launched: bit.ly/49QoVgy SMB Trading Workshop (Learn 3 Trading Setups): bit.ly/3QiD9Qp Dr. Brett Steenbarger's Blog: bit.ly/traderfeed

  • @bobbysahye

    @bobbysahye

    26 күн бұрын

    q1qq1q1qq11q11q11111q,😅😅

  • @TreyMilan
    @TreyMilanАй бұрын

    Thank you for the breakdown, your content keeps making it easier for me to understand how trading works in general. My question now is how can I approach the market at best if l'm still a newbie with no trading experience?

  • @hedamjohnson5030

    @hedamjohnson5030

    Ай бұрын

    Firstly you should create your trading strategy,second is your system that has an hedge and lastly you need to have a proper trading psychology. You need all 3 to reach profitability, without having these 3 you just might not be profitable

  • @JoeRamey-mt7gj

    @JoeRamey-mt7gj

    Ай бұрын

    Open a demo account with any broker and start trading. Figure out what concept is suitable for your trades and then you can transition over to prop firms.

  • @jonesrinde4369

    @jonesrinde4369

    Ай бұрын

    Spend a couple of months to fully understand the basic of the market

  • @benjaminbruce1833

    @benjaminbruce1833

    Ай бұрын

    @HEDAMJOHNSON just got started with trading and I'm still developing my own trading strategies. how do I go about getting proper trading psychology ? so I can get to trade profitably.

  • @chicobeen-wi6hg

    @chicobeen-wi6hg

    Ай бұрын

    Trading with ex perts helps beat uncertainty,emotions and also gives you proper trading psychology. Basically why I work with trading ex pert cooper to secure my financial spot while I learn and earn through the provided analysis.

  • @user-hy9el2jj5b
    @user-hy9el2jj5b29 күн бұрын

    I have learned that Successful Traders have biggest temperament of Patience

  • @justjakefornow
    @justjakefornow28 күн бұрын

    I have been needing a lesson like this for over a decade now. Better late than never.

  • @jesseterry11
    @jesseterry1120 күн бұрын

    Just understanding that the right energy in your life is one gem I get from this guy

  • @TalesOfTrillions
    @TalesOfTrillionsАй бұрын

    The emphasis on mentorship and practice over just jumping into the market is spot on. It's not about luck; it's about strategy and discipline. 💪

  • @bottomphishing7377
    @bottomphishing7377Ай бұрын

    Absolute gem, thank you for sharing.

  • @ryanmsalisbury5499
    @ryanmsalisbury5499Ай бұрын

    Love his positivity and outlook. 😊

  • @lalodominguez7121
    @lalodominguez712125 күн бұрын

    Fantastic lecture. Thank you for sharing

  • @mrdinkh3209
    @mrdinkh3209Ай бұрын

    Great seminar!

  • @georgekatcharava6087
    @georgekatcharava6087Ай бұрын

    i agree with Doc! you have to find what strategy/setup makes sense to you the most and trade that. become an expert at it and make it work for you. makes perfect sense! ... way to go doc!

  • @Yellingwonthelp
    @Yellingwonthelp9 күн бұрын

    Outstanding speaker. Loved the part that said study oneself. You are already the person you’re going to become

  • @Caustin1050
    @Caustin1050Ай бұрын

    Thanks as always for the great content.

  • @michaelmaran4473
    @michaelmaran4473Ай бұрын

    Really great presentation. The most interesting part was around the 4 minute mark - I would have loved a good question on preparation in the Q&A. "In every performance field there is more time spent practicing and learning than actually performing" - Biggest golden nugget in the hour

  • @wildrabbt
    @wildrabbt22 күн бұрын

    Thankyou for this great lecture 🎉

  • @matthewtan3809
    @matthewtan3809Ай бұрын

    thank you for sharing this

  • @billc3405
    @billc3405Ай бұрын

    Amazing video thank you

  • @sjcan77
    @sjcan77Ай бұрын

    Very inspiring, and so many truths shared there. Thanks for posting!

  • @1320wolf
    @1320wolfАй бұрын

    My favorite trades are longs into retail shorts stopping out. My best trades are within the first 15 minutes after the open.

  • @charliemcgrain

    @charliemcgrain

    Ай бұрын

    Can you be more specific? At what point do you think retail shorts are stopping out?

  • @AngelRodriguez-dz8yd

    @AngelRodriguez-dz8yd

    Ай бұрын

    @@charliemcgrainhe doesn’t know what he’s talking about.. or his strategy really is to play against .01% of daily volume which i doubt is profitable LOL

  • @samlah2319

    @samlah2319

    28 күн бұрын

    ​@charliemcgrain he waits until buy stops are taken and then longs after. So after an old low is taken or after a major dump. And these moves usually happen the most during NY am session.

  • @shalombethefire
    @shalombethefire5 күн бұрын

    Great stuff, thank you guys

  • @Grateful-Hedge
    @Grateful-Hedge29 күн бұрын

    Thanks for sharing

  • @johnotaran
    @johnotaranАй бұрын

    Great insights ! Dr. Brett Steenbarger mentioned about low volatility creating on average more reversals, is that because true momentum creates a sustained directional volatility and without it, stocks tend to reverse to the mean ?

  • @PlayBoyClub
    @PlayBoyClub23 күн бұрын

    Thank you so very much ❤

  • @RichMafiaMoReala
    @RichMafiaMoRealaАй бұрын

    Thank you bro.

  • @REEZTRADING
    @REEZTRADINGАй бұрын

    Thank you 🙏🏻

  • @totorina4353
    @totorina4353Ай бұрын

    Thank you for the content

  • @smbcapital

    @smbcapital

    Ай бұрын

    you are welcome!

  • @mmm-cake
    @mmm-cakeАй бұрын

    Thank you

  • @MrJupton1
    @MrJupton127 күн бұрын

    Dr Brett is a legend in this field!

  • @mohameddraou4063
    @mohameddraou4063Ай бұрын

    It's very helpful

  • @joefeinstein6804
    @joefeinstein6804Ай бұрын

    Great coaching - thanks!

  • @therealtradersjournal
    @therealtradersjournalАй бұрын

    Nice share. His book had a major impact on my approach toward markets many, many years ago.

  • @rahulcha08
    @rahulcha0819 күн бұрын

    great speech, but even if someone listen to this 5 times, he or she will not make money. Making money is a mindset, losing money and keep losing it is also a mindset- its a battle between you vs you ! minimum skills and practice are inevitably important else u will lose your kidneys but money wont come

  • @Girugi981
    @Girugi98117 күн бұрын

    Good to hear you sir. May I know what will be ideal chart time frame we can use for scalping.

  • @albertlabos8400
    @albertlabos84007 күн бұрын

    I have been following the pronouncements made by Brett Steenbarger which never dissapoint because they are so regularly entertaining and freshly naive.😁

  • @tonymazzola7991
    @tonymazzola7991Ай бұрын

    This is Awesome training! Very much appreciated!

  • @sanketsaharkars
    @sanketsaharkarsАй бұрын

    Been waiting for this long time, Than you for sharing!

  • @ruslankasimov4597
    @ruslankasimov4597Ай бұрын

    The goat of trading psychology

  • @cristiangabrielfeliz6324
    @cristiangabrielfeliz6324Ай бұрын

    Amazing video and content 🎉🔥

  • @smbcapital

    @smbcapital

    Ай бұрын

    Thank you 🙌

  • @Artimissss
    @ArtimissssАй бұрын

    more screens = more money

  • @smbcapital

    @smbcapital

    Ай бұрын

    always more!

  • @eccentricsmithy2746

    @eccentricsmithy2746

    Ай бұрын

    not one bit of truth in that

  • @1320wolf

    @1320wolf

    Ай бұрын

    I could use more screens to keep an eye on changes to the macro, in real time.

  • @clrviewfx

    @clrviewfx

    Ай бұрын

    When people ask why I have four screens on my desk, I respond "because I can't fit 6"

  • @tastingtrader7289

    @tastingtrader7289

    Ай бұрын

    this is wrong assumpion

  • @thisweirduniverse
    @thisweirduniverseАй бұрын

    Finest channel for pro traders ❤ #SMB

  • @eg7990
    @eg7990Ай бұрын

    Gold

  • @Yogi-trader
    @Yogi-traderАй бұрын

    Thanks for sharing! Was worried this one was going private after watching half of it yesterday. Awesome content as always

  • @dr.mohammed.erdogan
    @dr.mohammed.erdogan10 күн бұрын

    I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Claudia Jenkins.

  • @marthajames987

    @marthajames987

    10 күн бұрын

    I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...

  • @Benjaminmcauley376

    @Benjaminmcauley376

    10 күн бұрын

    She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

  • @KingBaldwin715

    @KingBaldwin715

    10 күн бұрын

    You trade with Claudia Jenkins too? Wow that woman has been a blessing to me and my family.

  • @stevenrice500

    @stevenrice500

    10 күн бұрын

    I'm new at this, please how can I reach her?

  • @travisobrien09

    @travisobrien09

    10 күн бұрын

    The first time we had tried, we invested $1400 and after a week we received $5,230. That really helped us a lot to pay our bills.

  • @ranjeetdesai7725
    @ranjeetdesai7725Ай бұрын

    Best video.....

  • @TxRedMan
    @TxRedManАй бұрын

    Possibly the most valuable content you’ve posted. A+

  • @djmacp7219
    @djmacp721919 күн бұрын

    do you guys offer online courses and do you guys take VA?

  • @vicktorus847
    @vicktorus847Ай бұрын

    Thank you Mike for sharing. This is so valuable for traders.

  • @TradersRealms
    @TradersRealms20 күн бұрын

    YES we are TRADERS

  • @benjaminchow5502
    @benjaminchow5502Ай бұрын

    Thank you SMB capital for giving this out freely on youtube!

  • @PipsHappen
    @PipsHappen18 күн бұрын

    Mindset > Trading Strategy. Every time.

  • @DenisKadir
    @DenisKadir20 күн бұрын

    Isnt hedge funds trade with bots? HFT algorithms and so on ? Or am i missing smth? Shouldnt we start thinking as bots and try to outsmart them ?

  • @jonahacuff2365

    @jonahacuff2365

    4 күн бұрын

    Lol

  • @krishnamehra5574
    @krishnamehra557417 күн бұрын

    Owe you sir

  • @DavidElstob73
    @DavidElstob73Ай бұрын

    So if people learn from mentoring, there had to be someone elite who started the ball rolling! Therefore, you can learn yourself it just takes longer.

  • @hypper-oc7rg
    @hypper-oc7rg8 күн бұрын

    Автору респект, связка рабочая.

  • @qelement50
    @qelement50Ай бұрын

    I watched this 2x. Great information, especially when he discusses the hedge funds. Would like to see him in person

  • @guzman9270
    @guzman92705 күн бұрын

    I am that guy who had a short course life as a trader but I've realised and gotten attracted back to it, learned my mistake. See you on the other side

  • @jesseterry11
    @jesseterry1120 күн бұрын

    Its crazy how traders can have all the knowledge in the world but them as individuals can't improve themselves

  • @ashesm2984
    @ashesm2984Ай бұрын

    This is pure Gold

  • @eccentricsmithy2746
    @eccentricsmithy2746Ай бұрын

    To make the claim that he is the greatest psychological trader is pretty bold. Everyone knows Mark Douglas was the best and still is even after his passing.

  • @patradingjournal

    @patradingjournal

    Ай бұрын

    Mark Douglas laid the foundation and everyone builds on top. Dr. S is one of the best if not the best builder. 😊

  • @shayneduncan6600

    @shayneduncan6600

    Ай бұрын

    Mark Douglas wasn't even a psychologist. He just wrote a book that sold well.

  • @patradingjournal

    @patradingjournal

    Ай бұрын

    @@shayneduncan6600 That was precisely how he was able to write both trading in the zone and disciplined trader. If he was a psychologist to begin with, he wouldn't even have those original perspective, and also the sincerity in communicating his fundamental truths of trading to the world. Stop being a hater

  • @dollarhub_

    @dollarhub_

    25 күн бұрын

    Finally someone recognized Mark Douglas, he's underrated and his the only one you need to win in this game

  • @Matteo-usd
    @Matteo-usdАй бұрын

  • @simplemind7
    @simplemind726 күн бұрын

    World view, idea generator, and gatekeeping --keep it simple.

  • @RideWithJanex
    @RideWithJanex5 күн бұрын

    I wanna be a member of this elite traders in your firm

  • @kaden3213
    @kaden32139 күн бұрын

    What is tracking arval? what is arval?(assuming I’m spelling it right) !

  • @docbluedreamz

    @docbluedreamz

    6 күн бұрын

    Rvol is Relative volume

  • @ShortboyKennel
    @ShortboyKennel4 күн бұрын

    5% of 1 million or 100 million is a lot different than 5% of $100 or $1,000.. The hedge funds main advantage is they can wait retail investors out and still go home happy everyday while most retailer traders panic sell or don't won't to wait and have their money tied up for 2-3 or 2-3 months. So they sell Take a loss and try another stock happens again and again then they loose confidence or go broke and quit.

  • @5P4C3V01D
    @5P4C3V01D24 күн бұрын

    14:28 / 30:31

  • @Yanis.B557
    @Yanis.B55713 күн бұрын

    i've been searching for a group or community to exchange and trade together, anyone knows such place ?

  • @vatskytube

    @vatskytube

    5 күн бұрын

    Me too, I'm in SC

  • @Yanis.B557

    @Yanis.B557

    5 күн бұрын

    @@vatskytube Sc ?

  • @Yanis.B557

    @Yanis.B557

    5 күн бұрын

    @@vatskytube SC ?

  • @Lucky__999_
    @Lucky__999_15 күн бұрын

    Take me to work as a trader at SMB, I am a talented trader

  • @DipakRaikar
    @DipakRaikarАй бұрын

    12:15

  • @mikaelkarlsson8785
    @mikaelkarlsson8785Ай бұрын

    Great content as always. Is that Lance? Is he at SMB now? :o

  • @smbcapital

    @smbcapital

    Ай бұрын

    Yes, Lance works with us and the traders

  • @japan8994
    @japan8994Ай бұрын

    I trade tip

  • @chubulu9842
    @chubulu9842Ай бұрын

    Yeah…the video is back up again

  • @makinqmoney
    @makinqmoney26 күн бұрын

    it’s interesting how a psychologist bacame a technical analyst

  • @comediavietii1245

    @comediavietii1245

    14 күн бұрын

    snakes

  • @holla_j
    @holla_j21 күн бұрын

    They all trade currencies in massive quantities. As a matter of fact that's all they do. It takes money to make money. As a matter of fact, tomorrow's currency exchange rate is dictated by today's buys and sells. Well it's a 24/7/365 kind of deal. You're welcome!

  • @ahmadmonim6369
    @ahmadmonim636923 күн бұрын

    I want he talgram

  • @jvscripts
    @jvscriptsАй бұрын

    Where and when are these SMB capital meetups/confrences??

  • @smbcapital

    @smbcapital

    Ай бұрын

    We will do an annual one in NYC and now that we have a Miami office we’d like to host more down there as well.

  • @brentgaynor5232
    @brentgaynor5232Ай бұрын

    You can use GPT or Claude to divine insights from your trades.

  • @YoungTraderAce
    @YoungTraderAceАй бұрын

    Anyone wanna team up? I trade SMC ICT

  • @Njoeroofx.

    @Njoeroofx.

    2 күн бұрын

    I am here

  • @jgilmo3939
    @jgilmo3939Ай бұрын

    the only reason you need a shrink is you are not confident in your trades

  • @KyzieVinceDRaquel

    @KyzieVinceDRaquel

    24 күн бұрын

    True

  • @tonynunez6539
    @tonynunez6539Ай бұрын

    Trading psychology is for those who have no understanding of technicals and fundamentals. Makes you feel good but has no successful track record.

  • @AngelRodriguez-dz8yd

    @AngelRodriguez-dz8yd

    Ай бұрын

    because profitable traders rely on certainty in an system based off of uncertainty… math skills anyone?

  • @MinotauroTrading
    @MinotauroTrading7 күн бұрын

    i have been having my ass kicked for a long time. have been spending on courses and no results. It sucks.

  • @frxsty1461
    @frxsty146129 күн бұрын

    It should be illegal to not rhyme “in some measure, to some degree, you are already the person you seek to become”🖕🏼

  • @bullharvests7995
    @bullharvests799529 күн бұрын

    He ain’t ICT tho

  • @alexanderargint1396
    @alexanderargint1396Ай бұрын

    hope no one gonna get offended because i do like this channel a lot, specially the regular traders that explain things but man , trading pshychology must be the most bogus thing invented in this century, how people cant see that you cant think like a winner if your not one is just one thing that i will never get, ill just have a wild guess and say they have no clue what "mindset" and pshychology really means.

  • @AngelRodriguez-dz8yd

    @AngelRodriguez-dz8yd

    Ай бұрын

    So… using your own “brilliant” logic those who don’t think like winners will never be winners.. Have you ever met a winner that thinks like a loser? Does that make him a loser then? Oh wait… 🤣

  • @alexanderargint1396

    @alexanderargint1396

    Ай бұрын

    @@AngelRodriguez-dz8yd You wanted to reply for the sake of replying right? cuz ive read your comment 72 times and has nothing to do with what ive sayd, yea you should feel dum but anyway i will gladly adress to what you just ask just to make you feel even more unconfortable so here it is : have i met a winner that thinks like a losser ? yes i have and is called perfect place perfect moment + random event but the guy is clueless about life itself, anything else that you would like to be schooled in ? lmk

  • @AngelRodriguez-dz8yd

    @AngelRodriguez-dz8yd

    Ай бұрын

    @@alexanderargint1396 again.. using your logic. 1. youve met a loser that wins= winner 2. you cant think like a winner if you’re not one 3. point 1 according to you means he’s a winner, therefore he thinks like a winner because if he wasn’t he would be losing. 4. You make the anecdote of him winning due to luck, so you believe winners are just lucky? schooling yourself more like..

  • @AngelRodriguez-dz8yd

    @AngelRodriguez-dz8yd

    Ай бұрын

    danning kruger effect in action to that person you mention and including your own analysis LOL

  • @alexanderargint1396

    @alexanderargint1396

    Ай бұрын

    @@AngelRodriguez-dz8yd you should stop keyboardwarrioring and go out and experience life, cuz the nonsense that you try to make sense of has 0 value in real world, you are braiwashed by "personal development cult", from the "you met a loser that wins=winner" thing that you just sayd makes everything sense,, you are clueless about how things work in life

  • @axilirate9973
    @axilirate9973Ай бұрын

    THOSE INDIANS QUESTIONING ARE KILLING ME LMAO😂

  • @Brikitherik
    @Brikitherik29 күн бұрын

    Hope @smbcapital the scammers you aren't policing in Comments are paying you.

  • @rukudzorameshmhiribidi2645

    @rukudzorameshmhiribidi2645

    23 күн бұрын

    chill dude they make 8 figures trading

  • @SethBurden
    @SethBurdenАй бұрын

    This has to be the most discouraging and disappointing video I’ve ever seen for day trading.

  • @reallyneedthisjobbruh

    @reallyneedthisjobbruh

    28 күн бұрын

    he’s dropping gems about patience and the value of learning from others and their experiences, idk what you on twin

  • @jbh7667
    @jbh766726 күн бұрын

    Awful clickbait. Avoid this.

  • @kashifali-ug1yk
    @kashifali-ug1yk29 күн бұрын

    Waste of time.. general discussion

  • @muctellougentertainment6379

    @muctellougentertainment6379

    26 күн бұрын

    You're comment shows how dump You're .

  • @tonynunez6539
    @tonynunez6539Ай бұрын

    You lost all credibility when you quoted Ayn Rand. She died extremely depressed and homeless.

  • @Josh-Jones

    @Josh-Jones

    Ай бұрын

    Did Jesse Livermore, who had a terrible end, also have nothing of value to say? Does our finality ending poorly mean that we had nothing to offer? Should you really judge the entire credibility of someone who said one thing you disagree with? Are you really that shallow?

  • @gcg8187

    @gcg8187

    29 күн бұрын

    @@Josh-Joneshmm questionable indeed

  • @BiigTitties
    @BiigTittiesАй бұрын

    Quoted Ayn Rand. Nuff said

  • @dme80

    @dme80

    Ай бұрын

    If one was unsure of the intellectual capacity of this guy, you know now. Shallow as they come...

  • @BiigTitties

    @BiigTitties

    Ай бұрын

    @@dme80 Your butt does seem shallow, its already hurting

  • @Josh-Jones

    @Josh-Jones

    Ай бұрын

    ​@@dme80 Your inability to see past your own obvious political biases to see the value in something you disagree with says more about your own intellectual capacity than anything.

  • @dme80

    @dme80

    Ай бұрын

    @@Josh-Jones Political views is one thing, but she is just a god-awful writer and calling her a philosopher would be a mad stretch. Quoting her just shows bad intellectual taste. Okay for a 15 year old, who has not read anthing good, but unacceptable for an old guy.

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