Director of Trader Development; Tudor Investment Corp.
Contributor's Links: BrettSteenbarger.com TraderFeed Forbes

Brett N. Steenbarger, Ph.D. is a trading psychologist and performance coach.  He trades in the equities markets and works with traders in proprietary, hedge fund, and investment bank settings. Dr. Steenbarger has authored The Psychology of Trading (Wiley, 2003) and Enhancing Trader ... more

ALL CONTRIBUTIONS

From Discipline To Self Discipline
In his book 59 Lessons: Working With the World's Elite Coaches, Athletes, and Special Forces, Fergus Connolly makes a very interesting distinction between discipline and self-discipline. But does that relate to trading as well? Yes.
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Trading With A Flexible Bias
There is a risk of becoming wedded to trading plans and thus trading with a bias that prevents us from adapting to how the market is actually trading. Great trading is trading with flexible plans.
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The Perils Of Trading Your Plan
We commonly hear the advice that traders should "stick to their plans" and that planning and remaining true to plans is the epitome of discipline and the key to success. But that's not necessarily the case.
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New Bull Market: Who Dis?
We keep ringing up higher highs on rallies and higher price lows on corrections. Even so, wannabe bears continue to talk about how we're overdue for a correction, all the while missing what has been happening.
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Taking The Risk Of Accountability
Sharing our process grades makes us extra-accountable.
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The Fallacy Behind Conventional Trading Psychology
If markets were stable and discipline could sustain profitability, then backtested trading systems would forever remain profitable. There would be no need for discretionary traders whatsoever.
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STOCKS I FOLLOW

AIG American International Group Inc
AMZN Amazon.com Inc.
BSV Vanguard Short-Term Bond ETF
DIA SPDR Dow Jones Industrial Average
ETF Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc.
EWH iShares MSCI Hong Kong Index Fund
FNMA Fannie Mae
FXI iShares China Large-Cap
GLD SPDR Gold Trust ETF
GS Goldman Sachs Group Inc.
HYG iShares iBoxx $ High Yield Corporate Bond Fund
IEF iShares Lehman 7-10 Year Treasury Bond Fund
INTC Intel Corporation
IWM iShares Russell 2000 Index Fund
JJGTF iPath Bloomberg Grains SubTR ETN
MUB iShares S&P National Municipal Bond Fund
PEY PowerShares High Yield Equity Dividend Achievers Portfolio
PUW PowerShares WilderHill Progressive Energy Portfolio
QQQ PowerShares QQQ Trust Series 1
SHY ISHARES LEHMAN 1-3Y ETF
SPY SPDR S&P 500
TIP iShares Lehman TIPS Bond Fund
TTEK Tetra Tech Inc.
USO United States Oil Fund, LP
XHB SPDR S&P HMBLDRS IDX FND
XLE Energy Select Sector SPDR
XLF Financial Select Sector SPDR
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Work Experience

Trading Psychologist and Performance Coach
Self Employed Performance Coach
February 2014 - Present (5 years 2 months)

I have been deeply involved in performance coaching and recruitment at a number of hedge funds and trading firms, with a particular focus on utilizing solution-focused methods and positive psychology to build on trader/portfolio manager strengths.

Clinical Associate Professor
SUNY Upstate Medical University
June 2004 - Present (15 years)

Teach brief psychotherapies to psychiatry residents and psychology interns.

Director, Trader Development
Tudor Investment Corporation
2010 - 2014 (4 years 3 months)
Director of Trader Development
Kingstree Trading
2004 - 2006 (2 years 3 months)

Education

University of Kansas
Director of Philosophy (Ph.D.)
1976 / 1981
Clinical Psychology
Duke University
Bachelor of Science (B.S.)
1972 / 1976
Psychology

Publications

Trading Psychology 2.0
Brett N. Steenbarger
Wiley
09/28/2015

Trading Psychology 2.0 is a comprehensive guide to applying the science of psychology to the art of trading. Veteran trading psychologist and bestselling author Brett Steenbarger offers critical advice and proven techniques to help interested traders better understand the markets, with practical takeaways that can be implemented immediately. Academic research is presented in an accessible, understandable, engaging way that makes it relevant for practical traders, and examples, illustrations, and case studies bring the ideas and techniques to life. Interactive features keep readers engaged and involved, including a blog offering ever-expanding content, and a Twitter feed for quick tips. Contributions from market bloggers, authors, and experts bring fresh perspectives to the topic, and he draws his own experience in psychology and statistical modeling as an active trader to offer insight into the practical aspect of trading psychology.

The Daily Trading Coach
Brett N. Steenbarger
Wiley
03/23/2009

Praise for The Daily Trading Coach

"A great book! Simply written, motivational with unique content that leads any trader, novice or experienced, along the path of self-coaching. This is by far Dr. Steenbarger's best book and a must-have addition to any trader's bookshelf. I'll certainly be recommending it to all my friends."
—Ray BarrosCEO, Ray Barros Trading Group

"Dr. Steenbarger has been helping traders help themselves for many years. Simply put, this book is a must-read for anyone who desires to achieve great success in the market."
—Charles E. KirkThe Kirk Report

Enhancing Trader Performance
Brett N. Steenbarger
Wiley
11/03/2006

Through his own trading experiences and those of individuals he has mentored, Dr. Brett Steenbarger is familiar with the challenges that traders face and the performance and psychological strategies that can meet those challenges. In Enhancing Trader Performance, Steenbarger shows you how to transform talent into trading skill through a structured process of expertise development and reveals how this approach can help you achieve market mastery.

The Psychology of Trading
Brett N. Steenbarger
Wiley
12/23/2002

"The one, only, and by far the best book synthesizing psychology and investing. In addition to providing modern, scientific knowledge about psychology, this book provides a mirror into the mind and wide breadth of knowledge of one of the leading practitioners of brief and effectual cures. Will help to cure your trading and your life." 
-Victor Niederhoffer, Chief Speculator, Manchester Investments
Author, The Education of a Speculator and Practical Speculation

"How refreshing! A book that rises above the old NLP model of the 80's and provides insights on how our relationship with the market is indeed a very personal one. Not only has Steenbarger provided some fantastic tools for the trader to transform his mindset, but he has contributed unique trading ideas as well. Brilliant!"
-Linda Raschke, President, LBRGroup, Inc.