close

Customer Login

Please register or login to view your account or place new orders. Please contact us if you need any help or have questions.
Lost Password?
Forgot your username?
No account yet? Register
Download Area
Login/Logout

Click on the slide!

Videos

Dr. Doug Videos

Dr. Doug has provided numerous appearances in the media, and now you can view all of his videos with tons of insightful information by visiting the video gallery. Head over to this section of the website to view them now.

MORE
Click on the slide!

Blog

Dr. Doug Blog

Head over to our Blog to view recent blog posts, articles, video, and more.

MORE
Click on the slide!

View All Products

Dr. Doug Products

Here's your opportunity to own a piece of the knowledge that Dr. Doug has to offer. Head over to our products section to purchase and immediately download products now by clicking here.

MORE
Click on the slide!

8 Ways To Great by Dr. Doug Hirschhorn

Now available in book stores all over, Dr.Doug's new insightful book, "8 Ways To Great". Learn How You Can Order Your Copy Today.

MORE
Frontpage Slideshow (version 2.0.0) - Copyright © 2006-2008 by JoomlaWorks
Home Blog CNBC Video Blogs

Follow Dr. Doug On

FaceBook-48x48 Twitter-48x48 Youtube-48x48

Archive for the ‘CNBC Video Blogs’ Category

« Older Entries

Wall Street’s Premier Trading Coach

Sunday, July 18th, 2010

Optimistic data doesn’t always mean it is time to invest. Here is why investors are still jittery.

Tags: , , , , , , ,
Posted in CNBC Video Blogs, Investment Psychology, Trading Psychology | No Comments »

Fear is a Good Thing for Traders

Friday, May 7th, 2010

Many of my clients are “afraid” or are experiencing “fear.” Fear is not always a bad thing, though. In fact, for traders, feeling fear is not a problem, as long as they don’t panic and allow it to drive them out of or in to trades.

Among the fears traders face:

  • Not making enough money in these huge market moves
  • Missing out on big trades
  • Getting caught on the wrong side

At times like this, top traders see opportunity when others crawl into a hole because they are frozen by their fears.

Traders who keep their cool make money from the fear (i.e. shorting oil). Others keep their head and cut positions so they don’t get blown up (Greece and the ripple effect). Still others are waiting patiently for the moment to strike, like a sniper.

So how can all traders think like the top traders when it comes to fear?

  • Lay out the data and look at it from an objective point of view.
  • Pay attention to where the disconnects are because others are trading based on fear.
  • Keep positions smaller with wider stops; be ready to get bigger quickly the moment the uncertainty starts clears up, which it always does.

Trade Well,

Dr. Doug

Tags: , , , , , ,
Posted in CNBC Video Blogs, Investment Psychology, Peak Performance, Trading Psychology | No Comments »

Trader Personality Types

Sunday, March 14th, 2010

(Watch the Video Online: Market coach Doug Hirschhorn, PhD, discusses different trader personality types and how you can take advantage of them.)

Is there an ideal trader personality? In my opinion, no.

Actually, it’s more important to develop your own style based on your own personality. For example, if you’re analytically minded, you should have a trading style that focuses more on data, technicals or fundamentals, and less on price action.

If you’re an “intuitive” person, you should establish a style that has shorter holding times and a go with your gut type of approach.

If you are an introvert, you should avoid chat rooms and instead, set up your own game plans and stick to them.

And if you are an extrovert, you should increase your social interaction and look to pick out the “best ideas” you uncover from others.

So once you determine your personality type, how do you figure out how to put the right size on for the right trade?

Many traders fail to do this is because they’re distracted by the dollars involved in the trade. Get rid of this performance barrier by taking time to identify what you consider to be you’re A, B and C trades.

“A” trades are the ones that have highest conviction, while “C” trades have lowest conviction in, but are still worth doing.

Then write down what size trade you should do if it is an “A” idea, “B” idea or “C” idea. This is determined by how much capital you have to risk and what you’ve established as your daily loss limit.

Then all you have to do is match them up, meaning if you have an “A” trade then do “A” size. If you have a “B” trade, do “B” size, etc.

Traders generally get themselve into trouble when they have “A” conviction but only put on “C” size, or have “C” conviction and put on “A” size.

Tags: , , , , , , , , , , ,
Posted in CNBC Video Blogs | No Comments »

Trading Is a Brees

Tuesday, February 16th, 2010

(Watch the Video Online: Market coach Doug Hirschhorn, PhD, advises investors on how to trade like a Super-Bowl-winning QB.)

Last November, three-time Super Bowl winner and legendary quarterback, Tom Brady, described Saints quarterback, Drew Brees, as a player who really loves the game, throws a great ball, is really good mechanically and a great worker.

Last week, we watched Brees hit all four of those characteristics and deliver an A-caliber performance as he led the Saints to their first ever Super Bowl victory. I’ve found the similarities between trading and sports are remarkable, which is why I believe there are some great lessons we can take from Brees and apply to the trading world.

  1. First, he loves the game Just like Brees loves football, great success in trading starts with passion. Passion is what keeps you motivated during the long season and it’s what will keep you pushing through disappointing trades.
  2. He throws a great ball With an 82% pass completion rate in the Super Bowl, his consistency separates him from other great quarterbacks. As a trader, you have to consistently make great trades. Sometimes they’ll make money and sometimes they won’t. All that really matters is that you continue to execute great trades.
  3. Third, Brees is very good mechanically For the trader, this means having a solid process in place—one you can lean on in hard times and exploit in good times. If your mechanics are solid, then, over the course of the season, your results will speak for themselves and set you apart from the pack.
  4. Finally, Brees is a great worker In trading, just like football, there’s no substitute for hard work. Brees didn’t make it to the top of the NFL by taking short cuts or putting in a part-time effort. If you want to be “A+,” you have to put in “A+” effort. That means waking up early and doing your pre-market work. It also means you have to stay on top of market news, map out your game plan and do your daily journals.

Thank you Brees and Brady for this week’s trading lesson.

Think better, invest smarter.

Tags: , , , , ,
Posted in CNBC Video Blogs | No Comments »

Winning In a Traders’ Market

Saturday, February 13th, 2010

(Watch the Video Online: Market coach Doug Hirschhorn, PhD, advises investors on how to navigate this tricky “traders’ market.”)

As you’ve probably heard by now, we’re in what’s commonly referred to as a “traders market.” This type of market is tricky even for elite traders, which is why I want to share with you four things you need to keep in mind to be profitable.

1. Take a tactical approach Like a surgeon, you have to pay close attention to where you enter and where you exit. One small mistake can cost you big time.
2. Get bigger quicker These types of markets don’t allow traders the luxury of scaling into positions. Rather, you have to know what setup you’re looking for and when it appears, you want to hit it big because it may be the best chance you have to get in on that trade.
3. Use tighter stops In trending markets, you have time to let your trades breath so you don’t get squeezed out of them. Unfortunately, that’s not the case in a “traders market.” In this market, tight stops will keep you in the game longer and right now, the traders making money are the ones who are able to survive the quick moves.
4. Your intuition will show you where to find profits I’m talking about that feeling you get inside when you think now is the right time to get in the trade. If you want to be successful, you need to pay attention to your gut and then, most importantly, follow it.

The biggest mistake a trader can make is to have a great idea and not have the confidence to put it into action. Do not be that guy.

Think better, invest smarter.

Tags: , , , , ,
Posted in CNBC Video Blogs, Trading Psychology | No Comments »

« Older Entries