Brett Steenbarger, Trading Coach Psychologist

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week on Masters in Business, we speak with Brett Steenbarger, a clinical psychologist who has published numerous articles and books on trading. He is a clinical associate professor of psychiatry and behavioral sciences, and works as a trading coach with such storied firms as Tudor Investment Corp. He blogs at TraderFeed.

Steenbarger describes some of the simple steps traders can take to improve their performance and consistency over time. He emphasizes the importance of trading returns relative to assumed risk. One of the major themes he describes is the importance of Abraham Maslow and Martin Seligman’s “positive psychology” as applied to the trading discipline. It emphasizes strengths and competencies versus the usual focus on psychological disorders.

You can hear the full interview at iTunes, Soundcloud and Bloomberg. All of our earlier podcasts can be found at iTunes, Soundcloud and Bloomberg.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net