Exploiting the edge from historical market patterns
Thursday, December 03, 2009
Are You Prepared to Win?
"It is an artificial distinction to think of simulated trading as practice and live trading as real performance. All performance is practice if it occurs in the framework of concrete plans for self-development. The evolving performer asks: What will I work on today? How will I work on it? How will I know if I'm successful? What have I learned today that can be utilized tomorrow? The role of a trading journal is to structure responses to these questions and keep them in conscious awareness."
Author of The Psychology of Trading (Wiley, 2003), Enhancing Trader Performance (Wiley, 2006), The Daily Trading Coach (Wiley, 2009), and Trading Psychology 2.0 (Wiley, 2015) with an interest in using historical patterns in markets to find a trading edge. As a performance coach for portfolio managers and traders at financial organizations, I am also interested in performance enhancement among traders, drawing upon research from expert performers in various fields. I took a leave from blogging starting May, 2010 due to my role at a global macro hedge fund. Blogging resumed in February, 2014, along with regular posting to Twitter and StockTwits (@steenbab). I teach brief therapy as Clinical Associate Professor at SUNY Upstate in Syracuse, with a particular emphasis of solution-focused "therapies for the mentally well". Co-editor of The Art and Science of Brief Psychotherapies (American Psychiatric Press, 2012). I don't offer coaching for individual traders, but welcome questions and comments at steenbab at aol dot com.