Posts Tagged ‘Doug Hirschhorn’

Interview of a Trading Psychology Coach: Part 2

Friday, July 22nd, 2011

Question: Out of all the personality types that exist, do you think there is an ideal personality type for a trader?

Dr. Doug Hirschhorn: I do not believe the ideal personality type for a trader exists. I believe anyone can be successful in trading while the level of success, of course, will vary.

I think successful trading is about understanding your own personality and then developing a trading style or approach that matches your personality. For example, if you are an analytically minded person, then you should develop a longer-term, fundamental or technical approach. If you are an intuitive type person, then you will be successful with a shorter-term, price-action approach. Where I see traders get messed up is when they try to trade in a style that is in conflict with their personality or when the market is paying a specific style of trading and the trader loses patience and tries to change their natural trading approach.

Interview of a Trader Psychology Coach: From The Kirk Report (Part 1)

Friday, July 22nd, 2011

Question: Was there anyone who served as a helpful mentor to you?

Dr. Doug Hirschhorn:

Shane Murphy. He is among the most well-known sport psychologists in the country. When I was doing my masters degree, I met him and basically asked him if he ever needed an assistant to please keep me in mind. He called me up one day and asked me if I would teach his college level sport psychology class while he was traveling doing some consulting. For a split second, I thought to myself, “I am not qualified to do that” and then I thought, “Wait a second, if HE thinks I am, then why shouldn’t I think I am?” So I said, “Yes.” That was a HUGE turning point in my life and career.

Another key mentor to me is Robbie Vorhaus. He used to run his own major PR firm in New York  city and is now a top crises communications expert. I met him through a mutual friend because he liked trading and had read some of my articles from Trader Monthly Magazine. When I started to get calls to do media appearances, Robbie was there to coach me through the process. I consider him to be like my brother and, aside from my wife and family, I know he is one of the few people in this world who truly cares about what is best for me.

Video Tutorial - Trading and Patience (Pt.3)

Wednesday, March 23rd, 2011

In the third part of my Trading and Patience tutorial, I examine the 5 ways that a lack of patience can lead to losses for traders and investors.

Video Tutorial - Trading and Patience (Pt. 2)

Tuesday, March 22nd, 2011

In the second part of my video tutorial on trading and patience, I examine the 6 reasons why traders and investors lose patience.

Video Tutorial - Trading and Patience (Pt.1)

Monday, March 21st, 2011

In part one of this tutorial, I talk about the importance of patience in formulating and executing an investment and trading strategy. There’s more to come!