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).
-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