Ep. 399: Brett Steenbarger Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 20 November 2015
⏱️ 47 minutes
🧾️ Download transcript
Summary
My guest today is Brett Steenbarger, a Clinical Associate Professor of Psychiatry at New York State University, author of "The Daily Trading Coach," "The Psychology of Trading," and "Enhancing Trader Performance." His newest work is "Trading Psychology 2.0: From Best Practices to Best Processes." He is a trading coach, psychologist, author, blogger, and stock index trader.
The topic is trading psychology.
In this episode of Trend Following Radio we discuss:
- The emotional "buy in"
- Checklists
- Finding a smooth equity curve
- Repeated performance vs. deliberate practice
- The role of fitness and health in trading
- The moment of now
- Systems trading vs. discretionary trader
- Relationship between volatility and volume
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is Trend Following Radio, where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, best-selling authors, and the pros that know what drive us irrational human beings. |
| 0:20.7 | I am your host, Michael Covel. |
| 0:23.1 | Not filtered, raw, honest. |
| 0:26.3 | That's my passion. |
| 0:32.6 | My guest today is Brett Steenbarger. |
| 0:35.9 | He is a repeat guest. |
| 0:37.2 | This is his second visit. Brett is a |
| 0:40.7 | clinical associate professor of psychiatry at the State University of New York. He's the author of |
| 0:46.4 | The Daily Trading Coach, The Psychology of Trading and Enhancing Trader Performance. His newest work |
| 0:53.0 | is trading psychology 2.0 from best practices to best processes. |
| 0:59.5 | I always enjoy a conversation with Brett because I truly feel like the kid in the classroom |
| 1:05.8 | that everything Brett is going to say or talk about or write about. |
| 1:13.7 | I have to pause, sit back, think, |
| 1:14.9 | contemplate. |
| 1:18.5 | Brett's not just giving the sound bites. |
| 1:23.3 | There is a tremendous amount of depth behind his thinking and his insights. |
| 1:27.2 | I hope you enjoy this conversation with Brett Steenbarger. |
| 1:35.3 | I've seen you make the comment. |
| 1:41.4 | You're paraphrasing, you're quoting from Bobby Knight, and I'm guessing you must be a fan to some degree. |
| 1:45.6 | Why do so many of us have the burning desire to succeed, |
| 1:51.7 | but not the drive to prepare for the success? Before you answer that, I want to add one thing to that. Do we really, do people really have that burning desire to succeed? It's a great question. |
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