BRETT STEENBARGER'S TRADING PSYCHOLOGY RESOURCE CENTER

Below are resources to help traders become their own trading coaches, improve their trading processes, and develop a positive work-life balance.  All the TraderFeed posts also contain links to valuable resources and perspectives.  

RADICAL RENEWAL - Free blog book on trading, psychology, spirituality, and leading a fulfilling life

---

The Three Minute Trading Coach Videos

---

Forbes Articles:

https://www.forbes.com/sites/brettsteenbarger/
  

My coaching work applies evidence-based psychological techniques (see my background and my book on the topic) to the improvement of productivity, quality of life, teamwork, leadership, hiring best practices, and creativity/idea generation.  An important part of the "solution-focused" approach that I write about is that we can often best grow by focusing on what we do well and how we do it--and then doing more of what works for us.  The key is to know our cognitive, interpersonal, and personality strengths and leverage those in the pursuit of performance. 

FURTHER RESOURCES

*  A Creative Way to Use TraderFeed 

*  Brett Steenbarger Bio

*  Brett's Books on Trading Psychology

I wish you the best of luck in your development as a trader and in your personal evolution.  In the end, those are one and the same:  paths to becoming who we already are when we are at our best.

Brett
.

The Power of Diversification

 

2/6/2026 - We get married to benefit from a concentrated investment.  We have friends, family, and colleagues to benefit from multiple investments, each of which pays off uniquely.  Together, our concentrated efforts and our diverse efforts make for a deep life and a broad and stimulating life.  

So it is within our careers.  To succeed, we typically need to concentrate on an area of expertise where we bring unique depth and value.  We also have to apply our knowledge broadly enough to ensure that we're learning from new challenges and applying our expertise as widely as possible.  

Success is a function of breadth and depth.  We need enough variety to keep life interesting and stimulating; we need enough depth to make our efforts not just successful, but meaning-full.

I've been hearing from a number of portfolio managers and traders who have benefited recently from concentrated bets in growth areas of the stock market, but who have been losing money lately.  This has shaken their confidence and will make it difficult to reengage when opportunity arises.  So much of what happens in the stock market--and across global equity, currency, and rates markets--is a rotation of assets out of one area and into others.  Notice in the US stock market how raw materials and energy shares have been strong, but tech stocks have been weak.  Just a matter of months ago, that was hardly the case!

Diversification means that we have the tools to find opportunity in multiple markets and the flexibility to deploy resources in those different areas.  When we don't just have an edge, but a set of edges that are unique (not highly correlated with one another), we create a much smoother equity curve.  Balancing the ups and downs of our returns is crucial to preserving a positive psychology.  

The more we can achieve consistency of returns, the more likely it will be that we can maintain a consistent mindset.