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Today we are going to talk about the appli­ca­tions of cog­ni­tive neu­ro­science to trad­ing and neu­ro­fi­nance. Brett N. Steen­barg­er , Ph.D. is Asso­ciate Pro­fes­sor of Psy­chi­a­try and Behav­ioral Sci­ences at SUNY Upstate Med­ical Uni­ver­si­ty, active trad­er for over 30 years, for­mer Direc­tor of Trad­er Devel­op­ment for Kingstree Trad­ing, LLC, and author of The Psy­chol­o­gy of Trad­ing: Tools and Tech­niques for Mind­ing the Mar­kets(Wiley, 2003) and the new Enhanc­ing Trad­er Per­for­mance: Proven Strate­gies From the Cut­ting Edge of Trad­ing Psy­chol­o­gy (Wiley, 2007).

He writes fea­ture columns for the Trad­ing Mar­kets web­site and sev­er­al trad­ing pub­li­ca­tions, includ­ing Stocks Futures and Options Magazine.

Key take-aways

-Elite per­form­ers in any high­ly-com­pet­i­tive field fol­low struc­tured learn­ing and train­ing process­es to devel­op their skills, ensur­ing con­tin­u­ous feed­back and refinement.

- Traders would ben­e­fit to fol­low­ing this exam­ple. Tools at their dis­pos­al include books, sim­u­la­tion pro­grams, biofeed­back pro­grams for emo­tion­al man­age­ment, and coaches.

- Spe­cif­ic skills to train are brain speed and work­ing mem­o­ry (for short-term traders), ana­lyt­i­cal skills (long-term ones). For both, man­ag­ing emo­tion­al-dri­ven impul­sive behavior.

Books on Trad­ing and Peak Performance

Alvaro Fer­nan­dez (Alvaro): Wel­come, Prof. Steen­barg­er. Why don’t you start by pro­vid­ing us some con­text on your inter­est in trad­ing per­for­mance and how it led you to your new book? [Read more…] about Enhanc­ing Trad­er Per­for­mance and The Psy­chol­o­gy of Trad­ing: Inter­view with Brett N. Steenbarger