Trading Psychology: How to Handle FOMO (Dr. Steenbarger)

Dr. Steenbarger's Blog: traderfeed.blogspot.com/
#smbcapital #stockmarket #daytrading
SMB Disclosures www.smbtraining.com/blog/smb-...

Пікірлер: 451

  • @smbcapital
    @smbcapital2 жыл бұрын

    Dr. Steenbarger's Blog: traderfeed.blogspot.com/

  • @theresagarcia1218
    @theresagarcia1218 Жыл бұрын

    My strategy is; buy quality companies, expect to hold no matter what, pay up but don’t over pay, keep track, sell rarely, be ready to course correct.

  • @mayacho4910

    @mayacho4910

    Жыл бұрын

    A lot of people think they should always be buying and selling something. That's a mistake. 99% of successful investing is waiting, learning, awareness/experience and getting extremely lucky with the market.

  • @theresagarcia1218

    @theresagarcia1218

    Жыл бұрын

    @@mayacho4910I totally agree, although coming into the market i missed the experience part, but my current trader helped me. She turned my 40k loss, made me 70k in a month, if not for her, i can't even begin to imagine....., she actually does most of my trading, to be honest.

  • @mariahhayes5089

    @mariahhayes5089

    Жыл бұрын

    @@theresagarcia1218 Exactly, i will never go into this market without guidance, please who is this coach that helped you, can you possibly do a referral?

  • @theresagarcia1218

    @theresagarcia1218

    Жыл бұрын

    @@mariahhayes5089She is a licensed fiduciary in the U.S, i work with her to trade my securities.

  • @theresagarcia1218

    @theresagarcia1218

    Жыл бұрын

    @@mariahhayes5089Just look with her name online, you will be directed to her page, there you can leave your messages.

  • @kdc6884
    @kdc68842 жыл бұрын

    "The secret to permanently breaking any bad habit, is to love something greater than the habit." Great quote. 👍 good content

  • @smbcapital

    @smbcapital

    2 жыл бұрын

    yes that's a great one

  • @BusinessFinancialNetwork

    @BusinessFinancialNetwork

    2 жыл бұрын

    🔑

  • @Kimheaplifestyles

    @Kimheaplifestyles

    2 жыл бұрын

    👍🏻

  • @MakuLabs

    @MakuLabs

    2 жыл бұрын

    +1

  • @billiezee
    @billiezee2 жыл бұрын

    Never clicked on a video faster

  • @smbcapital

    @smbcapital

    2 жыл бұрын

    haha

  • @stocksqna

    @stocksqna

    Жыл бұрын

    Didn't even blink.

  • @chambacavani837

    @chambacavani837

    11 ай бұрын

    Same way you did when u entered that FOMO trade

  • @wadamalon5032

    @wadamalon5032

    10 ай бұрын

    click faster on the video than when I clicked buy or sell out of fomo

  • @stephennn403

    @stephennn403

    9 ай бұрын

    Guys a video with stay on your plan guessing discipline can it be found?

  • @adityadutt4744
    @adityadutt47442 жыл бұрын

    One of the most amazing and beautiful psychology lesson not just for trading but for the overall life.

  • @obiwan7184
    @obiwan718411 ай бұрын

    I cannot believe this is free. Thank you SMB Capital and Dr Steenbarger

  • @tradingbuddysystem7416
    @tradingbuddysystem74164 күн бұрын

    Wow, this was so good! Developing experiences of safety is critical in becoming a great trader who is more concerned about consistency and growth rather than P/L

  • @kryptoxfranco
    @kryptoxfranco2 жыл бұрын

    Thanks for making trading psychology a specific topic. Really appreciated. Hope to see more related content in the future!

  • @mossogbecamara3711
    @mossogbecamara37112 жыл бұрын

    This is pure gold. Thank you for sharing!

  • @jathanclark
    @jathanclark Жыл бұрын

    Awesome video! This may be the best lecture on trading psychology I’ve ever seen. Thank you for posting - you’ve inspired me to spend some time and create concrete, actionable goals to improve my trading skills

  • @GenXBitch
    @GenXBitch Жыл бұрын

    I’m going to play this video in the morning every day I trade. Thank you! 🙏🏼

  • @samuela-k5165
    @samuela-k5165 Жыл бұрын

    Amazing, thank you Dr. Steenbarger & SMB Capital for the recording!

  • @elsayedmahm475
    @elsayedmahm475 Жыл бұрын

    I can't be more thankful for such a trading content ! Thank you SMB, Thank you Dr. Steenbarger !

  • @marisbiedris1694
    @marisbiedris1694 Жыл бұрын

    This is just awesome, amazing and unbelievable at the same time!!! By far the BEST video on trading psychology I have seen so far!! I can’t thank you enough Dr.Steenbarger!!!

  • @MrNatnorwood
    @MrNatnorwood Жыл бұрын

    Thanks Dr Steenbarger for the insight, and SMB for sharing it with us!! Much appreciated. I've read his Daily Trading Coach but am always glad to revisit,..

  • @mcitron3534
    @mcitron35342 жыл бұрын

    That was a great video. I’ll be watching again with my journal. It’s always so interesting the mind body relationship.

  • @davidgonzalez8373
    @davidgonzalez83732 жыл бұрын

    Thank you all for being part of this production. Im a subscriber and look forward to more content.

  • @smbcapital

    @smbcapital

    2 жыл бұрын

    More to come!

  • @cameronjohn604
    @cameronjohn604 Жыл бұрын

    This man is world class for real. Thank you SO much Dr. S for sharing your wisdom and experience with the world. Cheers (non alcoholic cheers ;)

  • @mistersqueezeaaron2406
    @mistersqueezeaaron2406 Жыл бұрын

    This week was a perfect example. I put a great trade on then walked away when it was going my way vs staying in a little longer and keeping my conviction and had I held it would have turned out to be the best trade of my life. There is of course times when I fomo and I do need to stop that. Thank you for the video.

  • @gchap7986
    @gchap7986 Жыл бұрын

    I loved what Dr says- practice trading with visualisation. I am so happy someone at least i this world gives my idea a thumbs up! I developed a technique which i used to trade and i called it creative visualisation . I control my fomo by visualisation of possible safe entry point within the trend and position sizing the risk !

  • @nellischein4333
    @nellischein4333 Жыл бұрын

    This true real practice advice!!! I love it exactly what I was searching for! Thank you for this big eye opening advice

  • @bullforcetrading9995
    @bullforcetrading99952 жыл бұрын

    Much respect for Dr. Brett!!

  • @smbcapital

    @smbcapital

    2 жыл бұрын

    yes, absolutely!

  • @annafry9922
    @annafry99222 жыл бұрын

    What an amazing person Dr Steenbarger is! I am reading his book “Trading Psychology”. Brilliant read!

  • @adityadutt4744
    @adityadutt47442 жыл бұрын

    Came here for getting rid of FOMO took some really great learnings 😊❤️

  • @GenXBitch
    @GenXBitch Жыл бұрын

    Great video! FOMO is absolutely killing me 😩 I keep trying though. What I love about trading is there is constantly something to learn. Just when i think i have it figured out it proves me wrong LOL

  • @FXMV2012
    @FXMV2012 Жыл бұрын

    Best guy in trading Psychology Dr Steenbarger, hats off to you and SMB!

  • @lisahagerman1587
    @lisahagerman15878 ай бұрын

    Happy Birthday Brett....and many happy returns!!

  • @seshafarmspalmarosa1267
    @seshafarmspalmarosa1267 Жыл бұрын

    Brilliant piece of info .... thanks to SMB team to share it .....

  • @samirghailan1243
    @samirghailan1243 Жыл бұрын

    Thank you Dr Steenbarger for these amazing lessons! Cant believe i haven't watched before some real Psychology gems appreciate the video, thanks! 😎

  • @mo1amri238
    @mo1amri2382 жыл бұрын

    Amazing insight from the gentleman,drilling diwn to the core of FOMO

  • @TheShadow_850
    @TheShadow_8502 жыл бұрын

    Killer info!! thanks mike and dr steen , very much appreciated!!

  • @michigan1947
    @michigan19472 жыл бұрын

    Awesome insight and sharing! Thank you so much!!

  • @leonh8920
    @leonh89203 ай бұрын

    Very clear communication skills and transparency

  • @NecklaceNancy
    @NecklaceNancy Жыл бұрын

    This has SO much Value Thank you for posting. I've been wondering why it seems like I have NO brains when trading live. In SIM my win rate is 80% and I'm relaxed, thinking clearly and having fun. (I'm new at this)

  • @weswright2796
    @weswright27962 жыл бұрын

    Love that guy. Thanks for posting!

  • @markwngable
    @markwngable8 ай бұрын

    This video saved my life. thank you so much.

  • @christiankleinramos7988
    @christiankleinramos79882 жыл бұрын

    I could watch this all day.

  • @donkeyface
    @donkeyface Жыл бұрын

    These Dr. Steenbarger videos are so great.

  • @donkeyface

    @donkeyface

    Жыл бұрын

    Does the magnitude of profitability just not matter at all? that can't be the case. but I get it!!!

  • @IRod123
    @IRod1232 жыл бұрын

    Thank you!! Great stuff here!!

  • @traderryan713
    @traderryan713 Жыл бұрын

    Excellent video. I might have to watch it again later. You can know all this, but without change in habit, it wont change. Specially in this market.

  • @JonathanSebastian407
    @JonathanSebastian4072 жыл бұрын

    This guy speaks so nicely!

  • @frogface2347
    @frogface2347 Жыл бұрын

    Absolutely top notch advice here. Thank you sir.

  • @josejunior991
    @josejunior9912 жыл бұрын

    Thank you Dr. Steenbarger. Valuable lessons to take onboard and mediate on them always.

  • @smbcapital

    @smbcapital

    2 жыл бұрын

    thank you! so much value here!

  • @elliot_waves3385
    @elliot_waves33858 ай бұрын

    This channel is very under rated. Excellent content

  • @markz4430
    @markz4430 Жыл бұрын

    Great video, The best I have watched all year..

  • @Kaitrader
    @Kaitrader Жыл бұрын

    I love this guy - a leading authority in his field

  • @eddiejimenez9299
    @eddiejimenez92998 ай бұрын

    I want to thank SMB Capital for this excellent presentation on Trader's Psychology - I have learned allot and with be putting ABCD into practice...

  • @pinkpill7432
    @pinkpill7432 Жыл бұрын

    I needed to hear this.

  • @mikeanis8554
    @mikeanis85542 жыл бұрын

    What a treat to have this meeting shared with the community. Such value in how Dr S shares his knowledge and psychology wisdom, I lost track of the positive takeaways here. Thanks Dr S & SMB for sharing this video!

  • @mbellafiore19

    @mbellafiore19

    2 жыл бұрын

    show notes coming on the blog

  • @mikeanis8554

    @mikeanis8554

    2 жыл бұрын

    @@mbellafiore19 thx! I will be on the lookout for sure

  • @BusinessFinancialNetwork

    @BusinessFinancialNetwork

    2 жыл бұрын

    🤘🏽

  • @mrmatias2618
    @mrmatias2618 Жыл бұрын

    Very informative video. SMB Capital always provides us, Traders, with valuable direct applicable contents. 🇦🇴🇦🇴🇦🇴🇦🇴

  • @BruceWayne-cz8ds
    @BruceWayne-cz8ds7 ай бұрын

    🎯 Key Takeaways for quick navigation: 00:00 📈 Handling FOMO in Trading 08:32 🏖️ Exposure Therapy for FOMO 16:07 💭 Cognitive Work: Changing Thinking Patterns 26:03 🔄 Broaden and Build: Balancing Life Portfolio 28:27 🧠 Managing trading psychology and FOMO 34:52 🚀 FOMO and trader intuition 36:31 🧬 Personality traits and FOMO 41:10 💰 Taking profits along the way 43:10 🎯 Goal setting and consistency Made with HARPA AI

  • @ryanbates362
    @ryanbates3622 жыл бұрын

    This is great advice, as a beginner day trader I'm finally coming to realize it's more important to be able to make 100 good trades at 5$ per trade, than one good trade at $500

  • @pusico6555

    @pusico6555

    2 жыл бұрын

    Math is your best friend. Hope is not your friend.

  • @nickosgood5447

    @nickosgood5447

    2 жыл бұрын

    Preach it

  • @16WilliamR

    @16WilliamR

    Жыл бұрын

    Great, if you get it from the beginning, numbers Wil add up naturally.

  • @trx3264
    @trx32642 жыл бұрын

    Excellent, thank you!

  • @MagicOfAM
    @MagicOfAM2 жыл бұрын

    Thank you so much that was really helpful.

  • @sandeep4440
    @sandeep44402 жыл бұрын

    Most to the point problem (“THE Problem”) addressed very appropriately

  • @monty510
    @monty51015 күн бұрын

    Thank you SMB 🙏

  • @KarolKapuscinski
    @KarolKapuscinski3 ай бұрын

    best trading psychology video ever watched!

  • @mikefries2146
    @mikefries2146 Жыл бұрын

    My heart glowed when I heard Dr S drop the F bomb. I love it

  • @sivanandarao
    @sivanandarao2 жыл бұрын

    Thank you for sharing amazing . Tq SMB and dr. Steen

  • @smbcapital

    @smbcapital

    2 жыл бұрын

    Our pleasure!

  • @Laszlo-Szabo
    @Laszlo-Szabo9 ай бұрын

    This man is a legend! 😎

  • @SATISHSHARMA-im7fe
    @SATISHSHARMA-im7fe Жыл бұрын

    Thank you sir for all the giving ...... So much to learn

  • @englishshortstories3287
    @englishshortstories3287 Жыл бұрын

    this is so good. thank you

  • @hansdampf1159
    @hansdampf1159 Жыл бұрын

    Great content! Thanks a lot🤗

  • @erguerrero
    @erguerrero5 күн бұрын

    Awesome info, thanks a lot.

  • @arthurapoli
    @arthurapoli5 ай бұрын

    Thank you for Sharing this watch this couple of times. 🙂

  • @brezl8
    @brezl8 Жыл бұрын

    this channel is a gold mine

  • @rohitrox8
    @rohitrox82 ай бұрын

    Amazing! Just need the real life implementation of this..

  • @rewritereality394
    @rewritereality394 Жыл бұрын

    Thank You Dr S n SMB

  • @josephcordero1600
    @josephcordero16002 жыл бұрын

    This is absolute gold. This will make me a better trader.

  • @smbcapital

    @smbcapital

    2 жыл бұрын

    thx Joseph!

  • @BusinessFinancialNetwork

    @BusinessFinancialNetwork

    2 жыл бұрын

    🥇

  • @josephcordero1600

    @josephcordero1600

    2 жыл бұрын

    @@smbcapital no thank you!

  • @pipgodduncan8292

    @pipgodduncan8292

    2 жыл бұрын

    Did it?👀

  • @josephcordero1600

    @josephcordero1600

    2 жыл бұрын

    @@pipgodduncan8292 Absolutely, 2 months later and I have improved my profitability, and my overall cognitive health. I recommend practicing the mindfulness exercises, and re-watching this every quarter. Good luck to you!

  • @KassNi
    @KassNi2 жыл бұрын

    Man, I wish I saw this video a month ago lol But seriously, brilliant man

  • @vincentstewart1843
    @vincentstewart18437 күн бұрын

    PLEASE ADVISE ME. I was told to spread my savings across different things like Trade to protect and support my retirement. with everything being shaky,I'm considering going into Trade. i don't wanna make the wrong choice.

  • @Zubaida.Ali.Ali5327

    @Zubaida.Ali.Ali5327

    7 күн бұрын

    I always advice new members and will also advise you to have a mentor orientation on how it works before getting involved. Trade offers more benefits than just holding.

  • @Zubaida.Ali.Ali5327

    @Zubaida.Ali.Ali5327

    7 күн бұрын

    Kate Floretta Face book

  • @Zubaida.Ali.Ali5327

    @Zubaida.Ali.Ali5327

    7 күн бұрын

    She Trade for Top Celebrities and super stars & could Mentor you.

  • @maureen...

    @maureen...

    7 күн бұрын

    Ellen DeGeneres hosted Kate floretta on TV 2 yrs ago that was where I saw kate and followed up.i have also been attending her Trade seminars.

  • @Godwin_blessing_felix

    @Godwin_blessing_felix

    7 күн бұрын

    you must have these things in mind 1. Have a long term mindset. 2. Be willing to take *risk*. 3. Be careful, if you're not spending to earn back, then stop spending. 4. Never claim to know - Ask questions and it's best you work with an assistant.

  • @authorsss2848
    @authorsss28482 жыл бұрын

    Thanks for your book One good trade

  • @Dr_Xenon
    @Dr_Xenon26 күн бұрын

    I need to watch this video every single day.

  • @JenMarco
    @JenMarco Жыл бұрын

    My problem is the opposite. I always think I missed out and I’m too late to get in and it keeps going. I actually changed my thinking with missed opportunities as a positive. There’s opportunities every day and you can’t get them all so get the next opportunity tomorrow.

  • @Guru-yr4hr

    @Guru-yr4hr

    Жыл бұрын

    always decide levels and act on that like a robot

  • @ancient_oak
    @ancient_oak2 жыл бұрын

    excellent content!

  • @georgenormanham6363
    @georgenormanham63632 жыл бұрын

    Growth and development makes us more successful in the long term

  • @aminebenafla
    @aminebenafla2 жыл бұрын

    i can relate a lot on what Dr. Steenbarger analyst as a retail trader and actually beyond trading its how we process realtime data in daily basics or at work and what would be the trigger for those decisions making situations who can have minutes or hours but to comeback to trading is a matter of seconds of an entry or an exit, scaling or full in etc etc , what i did learn following my little experience ! your biggest enemy isn't the market its your ego who is based on your back knowledge and having the hard time to accept you were wrong and sometimes even though you keep making the same mistakes but the facts of acknowledge them is key and make your way up ! i used to put a p/l goal but now i just focus on the charts and my strategies ! anyway thank you for sharing this video

  • @Deshawn1313
    @Deshawn13132 жыл бұрын

    Value here, thanks smb

  • @RandomFF1
    @RandomFF12 жыл бұрын

    i am feeling like dr steenbarger is talking about me...mind blowing

  • @abben831
    @abben8319 күн бұрын

    Thank you so much

  • @HolderArtStudio
    @HolderArtStudio Жыл бұрын

    Great stuff!!

  • @itsiktzur
    @itsiktzur2 жыл бұрын

    Dr.steenbarger teachings and guidance are priceless. God bless Smb for providing access via KZread for all traders to study and apply Dr.steenbarger teachings. Priceless 🙏🙏🙏😊😊😊

  • @smbcapital

    @smbcapital

    2 жыл бұрын

    we are happy to share with the trading community

  • @pennyforahburnoutswarstory1017

    @pennyforahburnoutswarstory1017

    2 жыл бұрын

    $DRIP all in life changing trade

  • @MokumMemorials
    @MokumMemorials11 ай бұрын

    Love this!

  • @spencerrhodes3915
    @spencerrhodes39152 жыл бұрын

    I found great value in this. Thank you for making it available.

  • @casanova1012
    @casanova10122 жыл бұрын

    Measure yourself based on consistent profitability, not magnitude of profitability, love it

  • @soumenbag6336
    @soumenbag6336 Жыл бұрын

    Consistent of profitability is more important than earning big PL in day to day. motivation should be learning not the PL. PL goes down it is even bigger opportunity. 1> Exposure therapy: Visualize yourself in a threatening situation and try to relax through breathing. Repeat this exercise several times and eventually, it will become normal. It is applicable in any areas of life. 2> USE ABCD technique: (A- trigger)you miss a trade, (B-tinking pattern that creat threat) you feel u r not good as others or others are getting ahead of you (C-consequences) you panic and you take an unreasonable decisions and do FOMO trade (D-) change the negative self-talk associated with missing a trade. Talk yourself the way you should talk to the person you care about the most. 3> Get a life! Diversify your emotion. That keeps your mind in check. 4> instead of defining you PL on money, define your PL by how much you learned and developed as a trader.

  • @peterpan69
    @peterpan69 Жыл бұрын

    this is extremely useful

  • @sandhya1454
    @sandhya14542 жыл бұрын

    Excellent

  • @arkeyomusic
    @arkeyomusic4 ай бұрын

    Thank your for the video

  • @HELPLINE_002

    @HELPLINE_002

    4 ай бұрын

    Hey buddy. Above is my personal digits,,

  • @HELPLINE_002

    @HELPLINE_002

    4 ай бұрын

    Get in touch.

  • @andrewteh18
    @andrewteh18 Жыл бұрын

    This is Gold!!

  • @smbcapital

    @smbcapital

    Жыл бұрын

    thx andrew!

  • @Sebastian-qx3fu
    @Sebastian-qx3fu2 жыл бұрын

    Sooo amazing. Thanks😍😍😍😍😍😍😍😍😍

  • @madimakes
    @madimakes13 күн бұрын

    SMB always with the goods

  • @rylith16
    @rylith16 Жыл бұрын

    Can I apply quit smoking mindset to getting rid of bad habits in trading? Are they even close in some ways?

  • @georgejoseph572
    @georgejoseph5722 жыл бұрын

    This is not the first I am watching it. But it is the first I truly get it. I noticed this is one my biggest setbacks in my development progress. Thanks Dr. S. Thanks Mike

  • @digger5521
    @digger5521 Жыл бұрын

    Awesome presentation got a lot out of it. Spelling error at 26:59 . I have to work on being so pedantic :)

  • @desmondeddy1750
    @desmondeddy1750 Жыл бұрын

    I appreciate your approach of teaching.. To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough, we just need to hold onto our hopes and wait to see how things turn out because market movements are almost always unpredictable. In my portfolio, I'm noticing more red than green. I'm 47, and earn nothing less $150k per year, but nothing to show for it yet

  • @Margaret35577

    @Margaret35577

    Жыл бұрын

    Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

  • @SamanthaCarolyn5

    @SamanthaCarolyn5

    Жыл бұрын

    Research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.

  • @Wellingtonluzia3

    @Wellingtonluzia3

    Жыл бұрын

    @@SamanthaCarolyn5 Very true, a huge part of my portfolio growth has come during this bear market. I've been able to scale from $120K to $370K in a short period of time. I basically was just following the steps and guideline from my financial advisor *PATRICIA DRITA JOSEFINA* as long as you've professional help, you're good to go

  • @mohammeddumadi8323

    @mohammeddumadi8323

    Жыл бұрын

    @@Wellingtonluzia3 That's impressive! I could use the expertise of this advisor, my portfolio has been stagnant..... How can I get started with PATRICIA DRITA JOSEFINA ?

  • @Wellingtonluzia3

    @Wellingtonluzia3

    Жыл бұрын

    *PATRICIA DRITA JOSEFINA* is the advisor that guides me, She has years of financial market experience and she is also FINRA & SEC verifiable, You can look her up internet &, message are there

  • @thetruthisoutthereyt
    @thetruthisoutthereyt4 ай бұрын

    Can someone help me with another problem. I have fear of entry point. Over and over again I chart a perfect entry point then I can’t bring myself to pull the trigger. Instead I watch it do what I predicted it would do and then I can’t enter on the confirmation. My mind is upset that I didn’t take the entry point and I watch it run away from me. Even though a later entry on the confirmation is perfectly profitable.

  • @ssunkite1
    @ssunkite12 жыл бұрын

    Fantastic insights from Dr. Steenbarger. Thank you SMB for your generosity to share such content.

  • @smbcapital

    @smbcapital

    2 жыл бұрын

    Glad you enjoyed it!

  • @16WilliamR
    @16WilliamR Жыл бұрын

    What an amazing lesson, too much value in it. Thank you for sharing it!! Greetings from Central America.

  • @cibele_qcr
    @cibele_qcr2 жыл бұрын

    loved it :)

Келесі