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

SMB Capital
2024 ж. 3 Мам.
395 888 Рет қаралды
Жүктеу

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

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

    @smbcapital@smbcapital2 жыл бұрын

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

    @kdc6884@kdc68842 жыл бұрын

    • yes that's a great one

      @smbcapital@smbcapital2 жыл бұрын

    • 🔑

      @BusinessFinancialNetwork@BusinessFinancialNetwork2 жыл бұрын

    • 👍🏻

      @Kimheaplifestyles@Kimheaplifestyles2 жыл бұрын

    • +1

      @MakuLabs@MakuLabs2 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.

    @theresagarcia1218@theresagarcia1218 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.

      @mayacho4910@mayacho4910 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.

      @theresagarcia1218@theresagarcia1218 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?

      @mariahhayes5089@mariahhayes5089 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.

      @theresagarcia1218@theresagarcia1218 Жыл бұрын

  • Never clicked on a video faster

    @billiezee@billiezee2 жыл бұрын

    • haha

      @smbcapital@smbcapital2 жыл бұрын

    • Didn't even blink.

      @stocksqna@stocksqna Жыл бұрын

    • Same way you did when u entered that FOMO trade

      @chambacavani837@chambacavani83711 ай бұрын

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

      @wadamalon5032@wadamalon50329 ай бұрын

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

      @stephennn403@stephennn4039 ай бұрын

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

    @adityadutt4744@adityadutt47442 жыл бұрын

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

    @samuela-k5165@samuela-k5165 Жыл бұрын

  • This is pure gold. Thank you for sharing!

    @mossogbecamara3711@mossogbecamara37112 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,..

    @MrNatnorwood@MrNatnorwood Жыл бұрын

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

    @kryptoxfranco@kryptoxfranco2 жыл бұрын

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

    @elsayedmahm475@elsayedmahm475 Жыл бұрын

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

    @mcitron3534@mcitron35342 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

    @jathanclark@jathanclark 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!!!

    @marisbiedris1694@marisbiedris1694 Жыл бұрын

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

    @lisahagerman1587@lisahagerman15878 ай бұрын

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

    @nellischein4333@nellischein433311 ай бұрын

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

    @obiwan7184@obiwan718411 ай бұрын

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

    @davidgonzalez8373@davidgonzalez83732 жыл бұрын

    • More to come!

      @smbcapital@smbcapital2 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.

    @mistersqueezeaaron2406@mistersqueezeaaron2406 Жыл бұрын

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

    @annafry9922@annafry99222 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 ;)

    @cameronjohn604@cameronjohn604 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 !

    @gchap7986@gchap7986 Жыл бұрын

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

    @seshafarmspalmarosa1267@seshafarmspalmarosa1267 Жыл бұрын

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

    @FXMV2012@FXMV2012 Жыл бұрын

  • This video saved my life. thank you so much.

    @markwngable@markwngable7 ай бұрын

  • Very clear communication skills and transparency

    @leonh8920@leonh89202 ай бұрын

  • Awesome insight and sharing! Thank you so much!!

    @michigan1947@michigan19472 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! 😎

    @samirghailan1243@samirghailan1243 Жыл бұрын

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

    @mo1amri238@mo1amri2382 жыл бұрын

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

    @adityadutt4744@adityadutt47442 жыл бұрын

  • Love that guy. Thanks for posting!

    @weswright2796@weswright27962 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)

    @NecklaceNancy@NecklaceNancy11 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...

    @eddiejimenez9299@eddiejimenez92998 ай бұрын

  • This channel is very under rated. Excellent content

    @elliot_waves3385@elliot_waves33858 ай бұрын

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

    @TheShadow_850@TheShadow_8502 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.

    @traderryan713@traderryan713 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

    @GenXBitch@GenXBitch Жыл бұрын

  • Much respect for Dr. Brett!!

    @bullforcetrading9995@bullforcetrading99952 жыл бұрын

    • yes, absolutely!

      @smbcapital@smbcapital2 жыл бұрын

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

    @GenXBitch@GenXBitch Жыл бұрын

  • Absolutely top notch advice here. Thank you sir.

    @frogface2347@frogface2347 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

    @ryanbates362@ryanbates3622 жыл бұрын

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

      @pusico6555@pusico65552 жыл бұрын

    • Preach it

      @nickosgood5447@nickosgood54472 жыл бұрын

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

      @16WilliamR@16WilliamR Жыл бұрын

  • Thank you!! Great stuff here!!

    @IRod123@IRod1232 жыл бұрын

  • I love this guy - a leading authority in his field

    @Kaitrader@Kaitrader Жыл бұрын

  • This guy speaks so nicely!

    @JonathanSebastian407@JonathanSebastian4072 жыл бұрын

  • I could watch this all day.

    @christiankleinramos7988@christiankleinramos79882 жыл бұрын

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

    @markz4430@markz4430 Жыл бұрын

  • Thank you SMB 🙏

    @monty510@monty5106 күн бұрын

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

    @sandeep4440@sandeep44402 жыл бұрын

  • best trading psychology video ever watched!

    @KarolKapuscinski@KarolKapuscinski3 ай бұрын

  • I needed to hear this.

    @pinkpill7432@pinkpill7432 Жыл бұрын

  • Excellent, thank you!

    @trx3264@trx32642 жыл бұрын

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

    @SATISHSHARMA-im7fe@SATISHSHARMA-im7fe 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!!!

      @donkeyface@donkeyface Жыл бұрын

  • Thank you so much that was really helpful.

    @MagicOfAM@MagicOfAM2 жыл бұрын

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

    @arthurapoli@arthurapoli5 ай бұрын

  • This man is a legend! 😎

    @Laszlo-Szabo@Laszlo-Szabo8 ай бұрын

  • Trading Psychology”. Brilliant read

    @edmundtempleman6793@edmundtempleman67932 жыл бұрын

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

    @mikefries2146@mikefries2146 Жыл бұрын

  • Thank You Dr S n SMB

    @rewritereality394@rewritereality394 Жыл бұрын

  • this channel is a gold mine

    @brezl8@brezl8 Жыл бұрын

  • this is so good. thank you

    @englishshortstories3287@englishshortstories3287 Жыл бұрын

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

    @josejunior991@josejunior9912 жыл бұрын

    • thank you! so much value here!

      @smbcapital@smbcapital2 жыл бұрын

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

    @mrmatias2618@mrmatias2618 Жыл бұрын

  • Value here, thanks smb

    @Deshawn1313@Deshawn13132 жыл бұрын

  • Great content! Thanks a lot🤗

    @hansdampf1159@hansdampf1159 Жыл бұрын

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

    @rohitrox8@rohitrox82 ай бұрын

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

    @sivanandarao@sivanandarao2 жыл бұрын

    • Our pleasure!

      @smbcapital@smbcapital2 жыл бұрын

  • excellent content!

    @ancient_oak@ancient_oak2 жыл бұрын

  • Thanks for your book One good trade

    @authorsss2848@authorsss28482 жыл бұрын

  • Love this!

    @DatingCoachHenry@DatingCoachHenry10 ай бұрын

  • I need to watch this video every single day.

    @Dr_Xenon@Dr_Xenon16 күн 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

    @aminebenafla@aminebenafla2 жыл 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

    @BruceWayne-cz8ds@BruceWayne-cz8ds7 ай бұрын

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

    @RandomFF1@RandomFF12 жыл бұрын

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

    @spencerrhodes3915@spencerrhodes39152 жыл бұрын

  • Great stuff!!

    @HolderArtStudio@HolderArtStudio Жыл бұрын

  • Growth and development makes us more successful in the long term

    @georgenormanham6363@georgenormanham63632 жыл бұрын

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

    @KassNi@KassNi2 жыл бұрын

  • Excellent

    @sandhya1454@sandhya14542 жыл бұрын

  • this is extremely useful

    @peterpan69@peterpan69 Жыл бұрын

  • This is Gold!!

    @andrewteh18@andrewteh18 Жыл бұрын

    • thx andrew!

      @smbcapital@smbcapital 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!

    @mikeanis8554@mikeanis85542 жыл бұрын

    • show notes coming on the blog

      @mbellafiore19@mbellafiore192 жыл бұрын

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

      @mikeanis8554@mikeanis85542 жыл бұрын

    • 🤘🏽

      @BusinessFinancialNetwork@BusinessFinancialNetwork2 жыл бұрын

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

    @casanova1012@casanova10122 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.

    @JenMarco@JenMarco Жыл бұрын

    • always decide levels and act on that like a robot

      @Guru-yr4hr@Guru-yr4hr Жыл бұрын

  • Sooo amazing. Thanks😍😍😍😍😍😍😍😍😍

    @Sebastian-qx3fu@Sebastian-qx3fu2 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

    @georgejoseph572@georgejoseph5722 жыл бұрын

  • SMB always with the goods

    @madimakes@madimakes4 күн бұрын

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

    @josephcordero1600@josephcordero16002 жыл бұрын

    • thx Joseph!

      @smbcapital@smbcapital2 жыл бұрын

    • 🥇

      @BusinessFinancialNetwork@BusinessFinancialNetwork2 жыл бұрын

    • @@smbcapital no thank you!

      @josephcordero1600@josephcordero16002 жыл бұрын

    • Did it?👀

      @pipgodduncan8292@pipgodduncan82922 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!

      @josephcordero1600@josephcordero16002 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.

    @soumenbag6336@soumenbag6336 Жыл бұрын

  • Superb

    @tamilcryptogem7697@tamilcryptogem7697 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

    @desmondeddy1750@desmondeddy1750 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.

      @Margaret35577@Margaret35577 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.

      @SamanthaCarolyn5@SamanthaCarolyn5 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

      @Wellingtonluzia3@Wellingtonluzia3 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 ?

      @mohammeddumadi8323@mohammeddumadi8323 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

      @Wellingtonluzia3@Wellingtonluzia3 Жыл бұрын

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

    @itsiktzur@itsiktzur2 жыл бұрын

    • we are happy to share with the trading community

      @smbcapital@smbcapital2 жыл бұрын

    • $DRIP all in life changing trade

      @pennyforahburnoutswarstory1017@pennyforahburnoutswarstory10172 жыл бұрын

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

    @16WilliamR@16WilliamR Жыл бұрын

  • The longer I’ve been trading, the more interested I am in trading psychology.

    @AnthonysTradingChannel@AnthonysTradingChannel2 жыл бұрын

  • loved it :)

    @cibele_qcr@cibele_qcr2 жыл бұрын

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

    @digger5521@digger5521 Жыл бұрын

  • Thank your for the video

    @arkeyomusic@arkeyomusic4 ай бұрын

    • Hey buddy. Above is my personal digits,,

      @HELPLINE_002@HELPLINE_0024 ай бұрын

    • Get in touch.

      @HELPLINE_002@HELPLINE_0024 ай бұрын

  • P&L should never be the measure of our self worth and our abilities, big lesson.

    @jaysharma9664@jaysharma96642 жыл бұрын

    • absolutely

      @smbcapital@smbcapital2 жыл бұрын

    • That is such a great comment. 👍

      @ashishdevadig2835@ashishdevadig28352 жыл бұрын

  • SMB please post latest and not old videos. Thank you

    @charlesoparah3178@charlesoparah317810 ай бұрын

  • This is a great video with great advice. Very grateful that SMB is posting this content for free! Cheers and have a good Christmas break!

    @ShenkieJ@ShenkieJ2 жыл бұрын

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

    @rylith16@rylith16 Жыл бұрын
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