What's Driving the Markets?

• Aug. 18, 2011
• 6:56

Discussing the market's volatility and inflation fears, with Milton Ezrati, Lord Abbett; Jeffrey Saut, Raymond James, and Stuart Freeman, Wells Fargo Advisors.

8 Ways to Great

• Feb. 9, 2011
• 5:32

Peak performance coach and investment psychology advisor Doug Hirschhorn talks on key points from his book "8 Ways to Great - Peak Performance on the Job and in Your Life."

Wall Street and Women (Part 1)

• Feb. 8, 2011
• 5:53

Investment psychologist Doug Hirschhorn leads a discussion of the challenges faced by women in leading fulfilling and challenging careers on Wall Street. (Part 1 of 2, Part 2: http://www.youtube.com/watch?v=sY_Gyz1uHMY)

Wall Street and Women (Part 2)

• Feb. 8, 2011
• 6:47

Investment psychologist Doug Hirschhorn leads a discussion of the challenges faced by women in leading fulfilling and challenging careers on Wall Street. (Part 2 of 2, Part 1: http://www.youtube.com/watch?v=zL2s-G0310Q)

Egypt and Investment

• Feb. 6, 2011
• 1:02

Investment psychology advisor Dr. Doug Hirschhorn talks about what the crisis in Egypt means for the market and investment.

Hard Wired for Success

• Feb. 2, 2011
• 2:59

In this first excerpt from Gotham Media's panel on "Women and Wall Street" investment psychology advisor Dr. Doug Hirschhorn and BusinessWeek's Sheelah Kolhatkar discuss why women may be "hard wired" to be more successful risk takers than men.

The Trader Journal

• Dec. 22, 2010
• 1:43

Market coach Dr. Doug Hirschhorn, PhD, discusses the value of a trading journal going into the new year.

2011 Resolutions

• Dec. 16, 2010
• 1:41

Eleven resolutions to make you a better trader in the new year, with Dr. Doug Hirschhorn, trading coach to Wall Street Investors.

Women on Wall Street

• Oct. 21, 2010
• 1:30

Market coach Doug Hirschhorn, Ph.D., discusses gender differences on Wall Street, and whether they really make a difference in trading skill.

Righting the Risk

• Sept. 27, 2010
• 1:26

Market Coach Doug Hirschhorn discusses how traders can adjust risk and put themselves in a strong position at the end of the year.

Trading Is Not A Sport

• Sept. 2, 2010
• 1:52

Market coach Doug Hirschhorn gives four reasons why trading is not like a sport.

False Beliefs About Trading the Markets

• Sept. 1, 2010
• 1:47

Choppy markets can cause investors to bleed out profits. To stay ahead in the trading game, you have to avoid buying into these five common false beliefs about Trading the Markets:1) What goes up must come down and vice versa. That's Newton's law, not the law of trading. And even if the market does eventully self-correct, you have no idea when it will happen. In short, there's no point blowing up your account fighthing the tape.2) You have to be smart to make money. No, what you have to be is disciplined. If you want to be smart, write a book or teach at a university. If you want to make money, listen to what the market is telling you and trade to make money — not to be "right."3) Making money is hard. Nope. Sorry. Making money is actually easy. Statistically, you're going to do it about half the time. Keeping it, now that's the hard part.4) I have to have a high winning percentage to be profitable. Not true. How often you are right on a trade is only half of the equation. The other half is how much do you make when you're right and how much you lose when you're wrong. You can remember that with this formula:Probability (odds of it going up or down) x Magnitude (how much it goes up or down) = Profitability5) To be successful, I have to trade without emotions. That is both wrong and impossible. You are human so you have emotions. Emotions can be a powerful motivator to your trading.When you feel angry or scared in trading, take that emotion and translate it into something more productive. For example, if you're feeling angry because you just got run over by the market, view that anger as a reason to be more focused and disciplined in your entry and exit levels on the next trade.

Avoid Premature Trading

• Sept. 1, 2010
• 1:35

In uncertain markets, it can be easy for a trader to lose both focus and discipline. Here's a recent e-mail I received from a currency trader. "Dr. Doug: I made the critical mistake, this week, of turning my long-term bearish thesis about instability in Europe and the falling Euro into a short-term trade. I was so afraid to miss out on the big move that I started shorting the rally and got squeezed out near the top. Now the Euro's falling out of bed and I'm sick to my stomach thinking about what could have been. Please help me get my head back in the game. Signed, Premature Trader." Well, here's the deal: You need to slow down and accept that many times, the best trade is no trade. Most traders naturally fear that if they don't participate right now, they'll miss that big move and regret it. The irony is that by jumping in and going against your game plan, you could actually end up missing out on the same money making opportunity. The solution is simple. Stop trying to be perfect. Great trading is not about perfection, it's about probabilities. If you go to a restaurant and order a steak, you don't need to eat the bone, gristle and fat to enjoy the steak. And you don't need to sell the top or buy the bottom to make a killing in the market. Just look for the sweet spot and dig into that. If you leave some profits on the table, that's ok. You're still going to leave the table feeling confident, in control and with a full stomach. Learn the lesson this time so you avoid this common trading mistake in the future.

Battling the Lizard Brain

• Aug. 27, 2010
• 1:27

Market coach Doug Hirschhorn, PhD, discusses how the best traders make their decisions using math and logic, and fight the impulses of their 'lizard brain.'

Too Much Management?

• Aug. 23, 2010
• 5:36

Discussing whether corporate America needs another layer of management, with Doug Hirschhorn, Dr. Doug.com, and Jeffrey Sonnenfeld, Yale School of Management.

Euro Trade

• Aug. 19, 2010
• 1:36

Market coach Doug Hirschhorn, PhD, discusses how traders can avoid making a trade that's either too early or too late.

Should there Be More Women On Wall Street?

• May 23, 2010
• 4:21

Dr. Doug comments on how he feels women should be more involved in Wall Street, and provides his expert opinion as to why that is.

Navigating Volatility

• May 7, 2010
• 7:28

Uncertainty weighing on the markets still, with David Bianco, B of A Merrill Lynch; Jeremy Zirink, UBS Wealth Management; and Doug Hirschhorn, DrDoug.com.

Fight The Fear

• May 7, 2010
• 0:58

Market coach Doug Hirschhorn, PhD, discusses the fear that gripped the market during Thursday's trading and how traders can protect themselves from being overcome. (May 7, 2010)

Fighting the Fear Factor

• April 16, 2010
• 7:11

An update on the charges against Goldman and whether stocks will continue to plunge in response to the SEC charges, with Doug Hirschhorn, Drdoug.com CEO; Jonathan Satovsky, financial planner and CNBC's Scott Cohn.

Is the Market Rigged?

• April 16, 2010
• 1:41

Market coach Doug Hirschhorn, PhD, discusses whether the 'fix' is in, the odds of trader success and the impact of the SEC fraud investigation of Goldman on the markets. (April 16, 2010)

If Women Ran Wall Street

• March 25, 2010
• 3:36

Discussing whether Wall Street's volatility is caused by gender, with Sheelah Kolhatkar, New York Magazine and Doug Hirschhorn, drdoug.com CEO. (March 25, 2010)

Trader Personality Types

• March 15, 2010
• 1:35

(Video: 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, its more important to develop your own style based on your own personality. For example, if youre 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 youre 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 youve 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.

Pulling the Trigger

• March 5, 2010
• 1:55

Market coach Doug Hirschhorn discusses how traders can overcome their fear of pulling the trigger on a particular trade. (March 5, 2010)

4 Your Money: 8 Ways To Great Decisions

• Feb. 18, 2010
• 2:10

HOLLYWOOD (CBS4) ? 1 of 1 CBSA South Florida man who has made a career out of helping others succeed has written a book with the goal of making readers great. "You want to think about what your competitive advantage is," said Dr. Doug Hirschhorn to a group of boxers at the Heavyweight Factory in Hollywood. Hirschhorn spoke to them about ways to improve their performance. Hirschhorn, who began motivating athletes, now works with regular people and has now written a book called 8 Ways to Great. "It is a book on strategies, to think smarter and make better decisions in your life," said Hirschhorn. In 8 Ways to Great you can learn to:Discover Your Passion Gain Self Awareness Set Your Goals Identify Your Edge Have Internal Confidence Make Emotionless Decisions Take Smarter Risks Be Accountable Hirschhorn, born in South Florida, is a peak performance coach who works with athletes, heads of companies, and regular people looking to improve their behavior. "Sometimes we need to be pushed in order to reach our own potential," said Hirschhorn. Who believes the right focus can get people ahead in life. Hirschhorn challenges anyone to use the advice in his book for at least 2 weeks to see if they become one step closer to achieving their goal.

Trading Is a Brees

• Feb. 17, 2010
• 2:01

(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. Ive 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. 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 its what will keep you pushing through disappointing trades. 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 theyll make money and sometimes they wont. All that really matters is that you continue to execute great trades. 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. Finally, Brees is a great worker In trading, just like football, theres no substitute for hard work. Brees didnt 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 weeks trading lesson. Think better, invest smarter.

Winning In a Traders' Market

• Feb. 13, 2010
• 1:29

(Video: Market coach Doug Hirschhorn, PhD, advises investors on how to navigate this tricky "traders' market.")As youve probably heard by now, were in whats 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.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.Get bigger quicker These types of markets dont allow traders the luxury of scaling into positions. Rather, you have to know what setup youre 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.Use tighter stops In trending markets, you have time to let your trades breath so you dont get squeezed out of them. Unfortunately, thats 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.Your intuition will show you where to find profits Im 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.

Trading is a Business: Succeed as a Trader - Part 1 of 3

• Feb. 11, 2010
• 1:42

Part one of this exciting series provides you with the skills to create the vision. You'll learn what a trader's vision should look like. Why create a vision? Trading visions aren't like Business Visions. Each have their place, but they're both very important. You'll also learn the 4-steps that you'll need to create YOUR trading vision for success. You've probably heard of goals before...but do you know how goals are different from visions? Watch this first part in this series to learn the details. To summarize, You'll learn: * What is a vision * Why should you create a vision * Trading visions versus business visions * The 4-steps to creating your trading vision for success * How visions are different from goals Note that this is 1 part of a 3 part series. Since YouTube only allows us to upload a maximum file size, you can view the entire part 1 at http://blip.tv/file/3200160

Winning in a Traders' Market

• Feb. 4, 2010
• 1:29

(Video: Market coach Doug Hirschhorn, PhD, advises investors on how to navigate this tricky "traders' market.")As youve probably heard by now, were in whats 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.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.Get bigger quicker These types of markets dont allow traders the luxury of scaling into positions. Rather, you have to know what setup youre 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.Use tighter stops In trending markets, you have time to let your trades breath so you dont get squeezed out of them. Unfortunately, thats 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.Your intuition will show you where to find profits Im 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. (February 13, 2009)

Making Money Is Easy

• Jan. 31, 2010
• 1:41

(Video: Market coach Doug Hirschhorn, PhD, advises traders that making money really is easy. Keeping it, however, is a bit more challenging.)This week's trading lesson: Making money is easy. In fact, making money in any market is easy. It's keeping it that's hard. You see, most traders are right about 50 percent of the time. Successful trading really isn't about how much you make when you are right. Rather, it's about how much you lose when you're wrong. We all know most traders fail to reach their potential because of poor discipline. That's not new. And as the trading coach to Wall Street's elite, I've been able to pinpoint three common factors that cause that loss of discipline:Holding a position for a long time and getting out because you're either bored or lose patience.Staying in a losing position, thinking it can't possibly get any worse. Invariably, it does.Having a winning trade on but being afraid of turning the profit into a loss. You book the trade only to watch it rip in your favor a short time later.If I just described you, welcome to the party. But don't worry too much -- Dr. Doug has the cure for your trading ailment.Every day, before you begin trading, look around and see what the price action or the vibe is. Is it quiet? Is it fearful? Is it passive? Is it aggressive? Then I want you to ask yourself one question: "Is today a day to make money or limit my losses?"Once you have the answer, trade that way. Remember, your job is to make money, not to be right. And sometimes, the best way to do that is to sit on your hands and not lose any.Think better, invest smarter.

Stick to Your Shorts

• Jan. 22, 2010
• 1:17

(Video: Market coach Doug Hirschhorn, PhD, advises traders to stick to their shorts for the time being.)This weeks trading plan should be to stick with your shorts. The top traders on the Street have spent the past couple months positioning themselves for a 10- to 15-percent correction. As their coach, I can tell you its rare for these Wall Street titans to be wrong for so long. What does that mean to me? That its time to remember three important rules: Trust your original thesis Just because the market doesnt respond in the time frame you prefer does not mean your trade thesis is wrong. More times than not, it just means you were early to the party. So stick around because its about to get good. Patience is the key to bigger profits When the market starts to sell off over the next few weeks, dont rush to buy back your shorts and take small profits, like everyone else. If youre looking for that 10- to 15-percent sell off, have the patience to stick with the trade and endure the pains that precede your gains. Stay objective Forget about how long youve had the trade on. When the market starts to sell off, ask yourself one simple question: If I had no trade on right now, what would I do? Thats what I call calibrating your trading mindset. If you want to trade like the elite, you have to think like the elite. Think better, invest smarter.

Success in 2010

• Jan. 16, 2010
• 1:28

(Video: Market coach Doug Hirschhorn, PhD, discusses how traders can find success in the coming year.)This year will prove to be challenging even for the elite traders out there. Here are four things traders can do to tip the probabilities of success in your favor:Trust your gut If something looks like crap and smells like crap, then chances are, it is crap. Listen more to your gut to tell you when to cut a loss and move on.Keep it simple If something is working, keep doing it. There aren’t any bonus points for being clever. The money is the same color no matter how you make it. So do the simple things and chip away at the profits. I once had a client who felt he had to do complicated trades in order to make money. Bottom line was, he was wrong. Keeping it simple is the proven strategy for success.Probabilities don’t lie If you’re not carefully tracking the metrics on your trades, you might as well be gambling at a casino. Make it a point to track the data on your trades and study them. That way, you can do more of what’s working and less of what’s not.Avoid speculating and predicting I can’t begin to tell you how many times I see traders blow up their accounts because they try to speculate or predict what’s going to happen in the future. The simple fact is, no one knows. Even the best traders have a winning percentage of around 50 percent. That means successful trading is not about being right, it’s about what you do when you’re wrong. The bottom line is, trade what you see, not what you think.Think better, invest smarter.

Fighting Trader Trepidation

• Jan. 10, 2010
• 1:54

(Video: Market coach Doug Hirschhorn, PhD, discusses how traders are likely to deal with Trader Trepidation in 2010.)The theme for this week, and probably for the next few months, is “trader trepidation.” Here are three reasons why traders might seem a little hesitant early in 2010:Memory of not getting paid is fresh in traders' minds When traders have a bad year (like 2008), it usually takes two to three years before they get paid again. For example, in 2008, traders lost money. In 2009, they made back the losses from 2008, and in 2010, if they make money, they'll get paid in the first quarter of 2011. That’s a long time to be in the penalty box.Equities are likely to be especially tough in 2010 We haven’t seen the end of the Galleon situation and have no idea how the SEC is going to tighten regulation. This creates a large amount of uncertainty and, for traders, when too much uncertainty exists, they sit on the sideline and wait.Distractions will fill traders minds During the next few months, expect to hear a lot of discussions about Wall Street payouts. Some firms had record years in 2009 and plan on paying traders big. This will really bother politicians and jobless Americans and the end result will be a revamping of how traders get paid on the Street. The good news is, Wall Street will likely turn into more of a pay-for-performance situation. The bad news is, it’s going to take a while to figure out, and that means major distractions to professional traders. The more time they spend thinking about how they’ll get paid, the less they’re able to think about making trades.So where will the opportunities be in 2010? From what I’m hearing, it looks like gold, oil, currencies and other deep, liquid, unregulated global commodities are where the action will be. That's still one place traders can get great price action with the least amount of headaches.Think better, invest smarter.

Trader Trepidation in 2010

• Jan. 8, 2010
• 1:54

Market coach Doug Hirschhorn looks at where traders will be looking to put their money in the coming year. (January 8, 2010)

Dr. Doug on CNBC's Power Lunch - January 4th, 2010

• Jan. 6, 2010
• 2:38

The topic will be Trader Psychology for 2010.

Trader Psychology for 2010

• Jan. 4, 2010
• 2:38

Trading coach Doug Hirschhorn discusses trader psychology in 2010. (January 4, 2010)

Fresh Start in 2010

• Dec. 31, 2009
• 1:14

Market coach Doug Hirschhorn looks at how traders can find a fresh start by looking forward in the new year. (December 31, 2009)

13 Trader Resolutions for 2010

• Dec. 27, 2009
• 1:37

(Video: Market coach Doug Hirschhorn, PhD, discusses 13 rules for traders to follow in 2010.)As 2010 approaches, we have time to reflect on what we’ve done this year and what we intend to do next. Because I'm a trading coach, I have access to some of the greatest minds on Wall Street. Here's a list of best practices I’ve gathered from them this past year. I will create game plans for all of my trades.I will trade only when I have edge.If I have 3 losing trades in a row, I will take a break, walk away and clear my head.I will never trade for revenge.Anytime I’m hoping, wishing or praying, I will exit the trade immediately.I will never give back more than half of my profit on any trade.I will keep a daily trading journal and email it to who will hold me accountable.I will think in terms of probabilities and risk/reward.I will remain objective in my trades by asking, “If I had no trade on, what would I do?”I will never put more than 20% of my capital at risk in any single position.I will not make trades just because I’m afraid to “miss out.”I will quickly recognize my emotions and compartmentalize them rather than waste time trying to get rid of them.And finally, I will trade to make money, not to be right.I’m confident that if you commit to following these 13 rules, you’ll be more profitable in 2010.Think better, invest smarter.

Hedge Funds Clawing Back

• Dec. 16, 2009
• 4:04

Money keeps pouring back into hedge funds, but given the new era of regulation, many funds are cutting jobs and changing the rules of the game like never before. Greg Zuckerman, author of "The Greatest Trade Ever," and Doug Hirschhorn, a trading coach, share their insight.

Hedge Funds Clawing Back

• Dec. 15, 2009
• 4:04

Money keeps pouring back into hedge funds, but given the new era of regulation, many funds are cutting jobs and changing the rules of the game like never before. Greg Zuckerman, author of 'The Greatest Trade Ever,' and Doug Hirschhorn, a trading coach, share their insight. (December 15, 2009)

Position Yourself for 2010

• Dec. 13, 2009
• 1:10

(Video: Market coach Doug Hirschhorn, PhD, discusses how investors can position themselves for a strong 2010.)Traders at banks and hedge funds get paid once a year, at the very end. Since most traders on Wall Street did not get paid much, if anything, last year, this years’ profits are even more valuable to them.So what does that mean for the risk takers out there? It means the closer we get to the end of the year, the less interested traders are in putting on big risk. At this late stage of the game, the risk/reward for them is just not good enough.What does that mean for the markets?It means less competition from the big players and lower volume across the board. As a result, there are more quick rallies and dips along the way.Here’s the good news: If you’re a smaller, short-term trader, there are fantastic opportunities to make some quick profits.On the other hand, if you’re a medium or longer-term investor, you have a great chance to find excellent entry levels into positions for next year.The take-away for this week is you should stick around and seek out opportunities in the markets, while the big players sit on the sidelines.Think better, invest smarter.

Hirschhorn: Tiger & Risk Management

• Dec. 13, 2009
• 1:26

(Video: Market coach Doug Hirschhorn, PhD, discusses the lessons that can be learned from Tiger Woods' handling of this week's events.)So this week, we learned Tiger Woods really is human, after all. And for the traders out there, his situation is an excellent reminder of lessons in proper risk management. Here are 4 things we can learn from Tiger:Quickly take responsibility for your actions Sometimes you make good trades (decisions) and sometimes you make bad ones. Either way it is on the books and you have to deal with it.Choose the lesser of two evils When forced to choose between two bad options, like whether you should take a loss or hold/add to a loser, choose the option that's less bad. I know its hard, but you have to approach the decision knowing you'll live to fight another day.Cut your losses For Tiger, the hardest thing to do was that first admission of guilt. For traders, the hardest button to push is the first one. Once you do that, managing the risk gets a lot easier.Learn from your mistakes Mistakes are part of the game. Tiger is not perfect and neither are you. All that matters is that you learn from your mistakes and move on to the next trade.If he learns his lesson, Tiger is going to be a better golfer, better person and even a better dad as a result of what he is going through. And you know what, if you learn from your mistakes, then youll be better too.Think better, invest smarter.

Hirschhorn: Risk-Averse Traders

• Nov. 30, 2009
• 1:12

(Video: Market coach Doug Hirschhorn, PhD, discusses why he believes traders are risk averse right now.)Here are 3 reasons I believe this week’s trader temperature is risk averse:The data is already baked in the markets Despite a bullish outlook based on recent Fed statements, the feeling is that most of upside move is already baked into the markets. That means a slow and steady climb until the year's end. While that may be good for long-term investors, it's not so good for shorter-term traders.Pay day preoccuption Traders have families and need to lock in paychecks (they get paid at year end).Lack of New Catalysts A lot of the uncertainty we had before isn't so uncertain anymore. As a result, the risk/reward profile is not nearly as compelling.In short, staying patient right now is the best trade.Think better, invest smarter.

Dr. Doug Hirschhorn: Gaining Edge in a Post-Galleon World

• Nov. 17, 2009
• 0:55

(Video: Market coach Doug Hirschhorn, PhD, discusses how to gain a competitive edge in a post-Galleon world.)With everything that's going on these days, we may find ourselves asking, "What is edge?"Rules are changing when it comes to the way we used to think about having competitive advantages and making the right trades at the right time. As the Galleon situation plays out before our eyes, we no longer know if it's ok to access certain information and to actually trade on that information. And as people at the top of the pyramid are questioned and challenged, it causes us to all rethink our strategies. Well, here are some things to think about.First, you may want to consider technicals as indicators. You may also want to look at price action. There's more than one way to make money in the market. Pick the right strategy and you don't really even have to worry about missing out on all that information.Start to look inside yourself. See how your emotions react to the market. See how your personality matches up with your trading style. If you do those types of things, you can find an edge and take your trades to the next level.Think better, invest smarter.

Steroids and Hedge Funds

• Nov. 5, 2009
• 1:19

Market coach Doug Hirschhorn, PhD, discusses the similarities between high-level athletes and professional traders. (November 5, 2009)

More Insider Trading Charges

• Nov. 5, 2009
• 6:33

Discussing the continued problem of insider trading despite strict laws against it, with CNBC's Scott Cohn; Doug Hirschhorn, DrDoug.com; David Berg, Berg & Androphy Partner; and CNBC's Maria Bartiromo.

Getting an Edge

• Oct. 30, 2009
• 0:55

Market coach Doug Hirschhorn, PhD, discusses how to gain an edge, legally, in a post-Galleon world. (October 30, 2009)

Dr. Doug Hirschhorn: Earnings Schmernings

• Oct. 25, 2009
• 1:31

(Video: Market coach Doug Hirschhorn, PhD, discusses why earnings don't mean as much as we think they do.)We're smack dab in the middle of earnings season. Many investors get hung up on earnings -- they spend way too much time thinking about what the numbers really mean. But here are four good reasons why, if you're a typical investor, you might want to re-think an investment strategy based on earnings data. You snooze, you lose If you're waiting to find out the earnings before you make an investment in a company, you're already too late the party.Listen to what the market is saying by watching what it's DO-ing Successful trading is about watching the price action and reacting to it. It's far less about trying to outsmart the markets.TMI (Too Much Information) Earnings season is exciting to watch and fun to talk about, but so what? It just creates more confusion than clarity. My Advice: Pick a few companies in play and focus on them rather than spreading yourself too thin.Mix it up a bit Here’s a news flash: Just because you have always traded US equities does not mean you should only trade them. In reality, there are lots of different ways to make lots of money, like metals, oil and currencies.Sometimes as a trader, the less comfortable you feel about a product, the more objective your decisions are. My advice, for Q4? Think outside the box.Think better, invest smarter.

Dr. Doug Answers Viewer Questions

• Oct. 25, 2009
• 2:32

(Video: Market coach Doug Hirschhorn, PhD, answers your questions.)From time to time, I get questions at my website, drdoug.com. Many people want to learn how to overcome the barriers they face as a trader. And I try to help them, focusing on the psychology of investing. Here are a few more recent inquiries:Q: What do you think are the most important characteristics for a trader?A: Hands down, the most important characteristic for a trader is self awareness. You have to have self awareness to know how you think, where your fears are, what the triggers are. And once you understand the barriers are around you and how they influence your decision-making process, you can modify your behavior to make better trades.Q: I’ve been burned by the markets in the past and my confidence has been shattered. How can I re-engage in the process.A: Confidence is a very interesting thing. We feel like it comes and goes, but the reality is, it never really disappears. You always have it somewhere inside of you. What you need to do during times you're feeling low confidence is actually put together a solid game plan and make it as mechanical as possible. Follow the game plan so there’s less thinking involved. If you follow the game plan, you can execute with confidence.Q: How can I learn to be more aggressive in my trades? I often find I have the right idea, but I miss out on opportunities where I think I should be making more money.A: Being able to see the right trade is really the first step to being a profitable trader. The next step is sizing up, getting more aggressive. The way to do that is to have a process in place where you identify your A-, B- and C-quality trades, which trades you feel the most confident and the least confident in. On the other side of the spectrum, you want to have sizing charts. In other words, if you feel you have A conviction in a trade, and you’re feeling very confident, then rather than thinking about the right size, you just go to the chart and say, 'Well, if I have A conviction, I gotta go with A size. If I have B conviction, I go with B size. And if I have C conviction, I go with C size.'Think better, invest smarter.

Questions & Answers

• Oct. 23, 2009
• 2:32

Market coach Doug Hirschhorn, PhD, answers viewer questions. (October 23, 2009)

Why Many Americans Aren't Great Traders

• Oct. 9, 2009
• 1:31

Video: Market coach Doug Hirschhorn, PhD, discusses the six reasons why many Americans aren't always the brightest bulbs when it comes to trading equities. Generally, I'm just as patriotic as the next guy. I mean, I even got married on July 4th. But when it comes right down to it, there are six reasons why Americans can be, well, dumb when it comes to investing: 1. We tend to believe the so-called experts too much If 2008 taught us any lesson, it was to be skeptical and ask lots of questions. 2. Crystal balling You try to predict what is going to happen rather than pay attention to: * What just happened * What mistakes you made * What lessons can be learned * And how you can improve 3. Reactive approach instead of proactive Rule #1 in trading is to always know where your downside risk lies. You tend to only pay attention to risk when it blows up in your face. 4. Control freak You waste time each day watching your investments and the markets because you fear that if you dont watch it, it will betray you. 5. Immediate gratification mindset You want it now, you want it fast, and you want more of it. 6. Overconfidence You think if you take your investments into your own hands then you can outperform the markets. Even professional traders have a difficult time doing this consistently. Remember, trading is, by far, the hardest way to make easy money. Think better, invest smarter.

Dow 10,000. Who Cares?

• Oct. 9, 2009
• 1:47

Video: Market coach Doug Hirschhorn, PhD, discusses the four reasons why the Dow Jones reaching 10,000 does not really matter. There has been an incredible amount of hype lately about the Dow Jones Index hitting the magic 10,000 level. So, I had to ask myself, does the Dow hitting 10,000 really matter? Well, here are four reasons I dont think it carries the same weight it used to: 1. People are desparate While recovering from a year of pain, people are desperate to feel good about something. 10,000 is a nice round number with lots of zeros. Thats it. Dont waste time reading too much into it because really, in the end, it is just another number. 2. Old rules are just that, old rules We are in a new financial world, with new rules created every day. What used to matter most doesn't matter so much anymore. And that kind of change scares people. So how do you beat that? Its easy (but not necessarily fun). Simply become a student of the current game and learn new rules. 3. Comfort zone issues It's easier to look back today and embrace what used to make us comfortable in the past. Getting comfortable with a specific way of thinking can lead to three things: * Sloppy trading * Complacency * Missed opportunities to outperform You want to be successful in trading? Start to get comfortable with being uncomfortable. 4. The Dow is really just a worn down name brand Look, I'm a trading coach to the elite on Wall Street and I dont have a single client who follows the Dow as a leading indicator. So, why would you? Rather, they look at the S&P, global commodities like oil, natural gas, or gold. They look for those things to tell them which way the market's going to go and how the enrironment is really playing out. My advice, think like a champ, not like a chump. Think better, invest smarter.

Smart Risk, Stupid Risk

• Oct. 9, 2009
• 1:57

(Video: Market coach Doug Hirschhorn, PhD, discusses the five things traders can do to take smart risks in the market.) For now, the market really has no idea which direction it's headed. Is it a bull or is it a bear. Are we set to take off, test new lows or stay flat for the foreseeable future? The truth is, people always speculate, but no one knows for sure what's going to happen. And that's why it's a market. Here are 5 things you can do to take smart risk in uncertain situations: 1. Look inside yourself and pay attention to what you feel Our bodies are hardwired to sense things before we fully understand why. Call it intuition, instinct or whatever you want, we all have it. The point is, in a game where uncertainty is the status quo, the best indicator you have is your gut. Trust it. 2. Trust the markets Have faith, yes, faith. The markets will continually present you with opportunities to make great trades. If you trust this, then you won't rush into or out of trades because of fear. 3. Recognize fear Look for fear in the market's behavior (over-selling or over-buying). Over-selling means people are afraid to take big losses. Over-buying means people are afraid they are going to miss out on profits. Once you know what over-selling and over-buying look like, you want to either avoid it, if you're not in the market; ride it out, if you're already in the market; or fade it, if you're looking to get into the market. 4. Trade to make money, not to be right If you want show people how smart you are, teach at a university or write a book. If you want to make money, do more of what the market is paying and less of what it's not. 5. Love to take a loss Yes, losses are your friend, not the enemy. Losses, like profits, are a necessary and essential part of the trading game. After all, even the best traders on the Street have a winning percentage of about 50 percent, so relax. Trading really is a game of probabilities, not perfection. Put these five things in place, you can take smarter risks in uncertain markets. Think better, invest smarter.

Why You May Never Make Money

• Sept. 18, 2009
• 1:21

Market coach Doug Hirschhorn, PhD, discusses the six reasons you may never make money as a trader. (September 18, 2009)

Are Women Better Investors?

• Sept. 8, 2009
• 1:55

A look at the characteristics that differentiate male and female investors, with market coach Doug Hirschhorn, PhD. (September 8, 2009)

Dr. Doug Hirschhorn: Good Losses, Bad Losses

• Aug. 31, 2009
• 1:26

Market coach Doug Hirschhorn, PhD, discusses the differences between taking good losses and being saddled with bad losses. It's a fact that not all losses are created equal. There are good losses and bad losses, and it pays -- literally -- to know the difference. Here are four basic reasons why traders find it difficult to take a loss: 1. Ego - taking it personal. 2. Financial pressures to produce - After all, you trade to make money. 3. "Trading to be right" mentality-- No one likes being told they're wrong. 4. Traders are competitors -- Taking a loss takes you out of game. It's important to understand there are good losses and bad losses. Bad losses are generally due to hesitation, doubt or panic. And those types of losses can decrease your confidence going forward. On the flip side, good losses actually occur when you're in control, trust yourself and stick to your game plan, which includes following your stops. Good losses can help build your confidence in the long run and take you closer to achieving a level of greatness as a trader. Remember, at the end of the day, your best trade may be the one where you take a loss. Think better, invest smarter.

Dr. Doug Hirschhorn on Keeping Your Money

• Aug. 31, 2009
• 1:30

Market coach Doug Hirschhorn, PhD, discusses how traders make money and, more importantly, manage to hold on to it in a volatile market. The reality is, making money is not hard, it's keeping it that's a real challenge. And that's why many of the world's top traders maintain three beliefs when it comes to money management. 1. Their fear of losing money is greater than their fear of missing out. 2. They have a build rather than a make mentality. They seek to build days to make weeks, weeks to make months, and months to make years. 3. They Consistently stay within 10% of their high-water mark. In other words, as they're making more and more money and start to give some back, they quickly cut losses, never giving back more than 10 percent off their highs. Anyone can master these techniques by looking at the risk of a situation to help determine the risk of a trade. There are low, medium and high risk situations. Risk can be anything from volatility in a certain market, to opportunities that do or do not exist, to the uncertainty around you. In high risk situations, you want to use small positions. And in low-risk situations, that's when you want to size up and get big. If you use risk to determine position size, you're well on your way to trading like the top traders. Stick to this process and you'll not only make money, but you will finally learn how to hold on to it! Think better, invest smarter.

Dr. Doug Hirschhorn on Facing the Bear

• Aug. 28, 2009
• 6:17

CNBC has put together an all-star panel to help investors beat the market bear. The CNBC news team, along with Mary Jane Matts, of Fifth Third Asset Management, and Doug Hirschhorn, a market psychologist and CEO of Edge Consulting, share their insight. (August 28, 2009)

Trader Talk with Todd Gordon (Part 2)

• Aug. 28, 2009
• 5:25

In part 2 of this interview with trader Todd Gordon of Forex.com, market coach Doug Hirschhorn asks Gordon about his trading style and lessons learned on the job. (August 28, 2009)

Trader Talk with Todd Gordon (Part 1)

• Aug. 21, 2009
• 4:30

In part 1 of this interview with trader Todd Gordon of Forex.com, market coach Doug Hirschhorn asks Gordon about his trading style and lessons learned on the job. (August 21, 2009)

Is the Recession Over? Thoughts From Vegas

• Aug. 4, 2009
• 3:48

Some are standing on the sidelines, and others are thinking about jumping back into the investing game, but is the recession over? Should you wait more time, before jumping? In reality, the recession has nothing to do with human feelings and thoughts that cross your mind. Technically speaking, humans had the same fears about money 100 years ago, and they'll continue to have the same fears 100 years from now. It's all a matter of whether you can control your feelings enough to make your trades succeed for you. Watch this video (as I connect with MSNBC and some of its experts). This should help you decide whether it's your time or not.

Is Hope Beating Fear?

• Aug. 3, 2009
• 3:48

Continuing to look for signs of hope that the economy has turned around and debating whether hope is finally beating fear, with CNBC's Dennis Kneale and Doug Hirschhorn, PhD & market coach. (August 3, 2009)

Manage Risk or it Will Manage You

• Aug. 3, 2009
• 1:44

To become Great at anything, including trading, you have to have three things: 1. A passion for what you do. 2. An unwavering internal confidence. 3. Great risk management, or 1 and 2 won't matter. The recent financial struggles of two formerly great athletes are a reminder that risk management is vitally important, no matter how much money you have.

Hirschhorn: Achieving Greatness

• Aug. 2, 2009
• 1:04

Everyone can achieve inner greatness. The key is to set goals. And while that may seem obvious, there are very few people out there who understand how to do this properly. For that reason, Ive created a five-step process called C.H.A.M.P. Video: Market coach Doug Hirschhorn, PhD, discusses what it takes for traders and any other professional to achieve greatness.

Manage Your Risk

• July 24, 2009
• 1:43

CNBC.com contributor and market coach Doug Hirschhorn offers advice on risk management. (July 24, 2009)

About Dr. Doug

• July 15, 2009
• 4:45

This short reel provides professionals of all careers with an introduction into the theory and psychology behind Dr. Doug Hirschhorn's techniques and knowledge. When you have completed the viewing of this reel, please visit http://DrDoug.com to further your education and skills.

Profiting from Persistence

• July 10, 2009
• 1:39

Market coach Doug Hirschhorn discusses how traders and everyone else can benefit from exhibiting persistence. (July 10, 2009)

Profiting From The 4th

• July 2, 2009
• 1:45

Market coach Doug Hirschhorn, PhD, discusses the advantages of trading during the holidays, when many of the big guns are away on vacation. (July 2, 2009)

Don't Get Madoff'd

• June 30, 2009
• 1:57

Market coach Doug Hirschhorn, PhD, discusses missed warning signs that could have saved Madoff investors from losing their life's savings. (June 30, 2009)

Slow Summer Ahead

• June 26, 2009
• 1:52

Market coach Doug Hirschhorn discusses the four reasons why investors should expect a slow summer. (June 26, 2009)

Navigating Range Bound Markets

• June 19, 2009
• 1:53

Market coach Doug Hirschhorn discusses how range-bound products can cause your portfolio to bleed cash, and what he thinks investors should do now. (June 19, 2009)

The Risk to 'No Risk'

• June 16, 2009
• 4:27

Pointing to signs of a turnaround, with Diane Garnick, Invesco; Arthur Hogan, Jefferies; Doug Hirschhorn, trading coach; and CNBC's Dennis Kneale.

Learning Patience

• June 12, 2009
• 2:53

Market coach Doug Hirschhorn discusses the importance of patience and, more importantly, how to find it. (June 12, 2009)

Five Steps to Success

• June 5, 2009
• 2:29

Market coach Doug Hirschhorn looks at the five steps traders can take to assure investing success. (June 5, 2009)

Dr. Doug: Trader Talk with Charles Poliacof - Part 5 of 5

• May 27, 2009
• 3:30

Charles Poliacof has been a trader for more than 12 years. Hes trained hundreds of traders. manages between $10 and $20 million, and is considered one of the top traders on the Street. This week, he talked to market coach Doug Hirschhorn about his approach. Bonus: On the Fear of Missing Out As a professional trader, this is probably the one element Ive wrestled with most in my career, says Poliacof. He says a fear of losing is healthy, but a fear of missing out can be destructive. Why? Because you end up making shot trades. Everyone has an approach. If your viewpoint is to focus on the fundamentals, then youre going to say a certain price multiple to earnings, or EBITDA, or macro turn, these are all the things that make you want to put out a position. Its the same in the short term trading world, says Poliacof. If certain technical indicators are hit, a confluence of quantitative elements that are hit for me, then I put on the trade. But, its that Ive missed out on one opportunity, and I dont want to miss out on the next, that forces me to relax my discipline. The end result: over trading and positions you normally wouldnt take. Self awareness is the most important thing. Know your triggers. Know what it is that goes off inside of you, that creates this series of events, says Poliacof. For me, its the fear of missing out. Instead of being proactive, I become reactive. What does he do? He walks awayliterally, even though there may be an opportunity to make money. Im not thinking clearly, and that means I shouldnt be participating in the market, he says. If everything doesnt line up the way he wants, there should be something going off in his mind. Sometimes that means taking a huge step back. Ill cut back to five percent of my shares in capital if I need to be involved. Even then, he adds, that ends up being a loser. The best advice he can give? If youre not where you need to be, simply take a step back.

Dr. Doug: Trader Talk with Charles Poliacof - Part 4 of 5

• May 27, 2009
• 3:39

Creative Commons LicenseThis work is licensed under a Creative Commons Attribution 3.0 Charles Poliacof has been a trader for more than 12 years. Hes trained hundreds of traders. manages between $10 and $20 million, and is considered one of the top traders on the Street. This week, he talked to market coach Doug Hirschhorn about his approach. Managing Your Risk Poliacof believes investors have to be a student of the markets—to know what has been working and what hasnt. The market is this complex, adaptive environment, he says. But there are these patterns that happen time and time again. Investors should keep a journal that follows whats been working and what hasnt. With risk, says Poliacof, I look at whats worked for me and what hasnt worked recently. If youve ever sat down at a blackjack table and you can do no wrong, youll continue to press your bet, he says. Its the same thing with trading—when things are working, you want to try to push the envelope as much as possible while still maintaining your rules and discipline. To that end, Poliacof encourages investors to be as robotic as possible. As soon as you become emotional with investing or trading, its game over. You have to maintain discipline. Lets say an investor had an idea and didnt pull the trigger because he was afraid. These people are likely to start dealing with emotions—frustration, regret, anger or fear of missing out. They start putting on positions they normally wouldnt. The next thing you know, says Poliacof, theyre losing money on these positions and it creates a cascade of negative events that results in a good deal of money lost.

Dr. Doug: Trader Talk with Charles Poliacof - Part 3 of 5

• May 27, 2009
• 3:13

Charles Poliacof has been a trader for more than 12 years. Hes trained hundreds of traders. manages between $10 and $20 million, and is considered one of the top traders on the Street. This week, he talked to market coach Doug Hirschhorn about his approach. Making the Right Trade Poliacof has broken his day up into three different time segments. The first is from 9:30 to about 10:30. The second is from about 10:30 to 2:00. And the third is from 2:30 to about 4:00. Anyone whos a student of the market will see that within those periods, the market exhibits certain character traits. And those patterns, he adds, can repeat themselves over time. I find the morning can be, more often than not, aversion to the mean trade, Poliacof says. That means if you see a gap in the market, and you see a stock behaving in a fashion divergent from that that gap in the market, that will afford you a potential buying or shorting opportunity. You can use that gap as a means of reducing risk in potential trade. There will be some sort of reversion to the mean, which means youll get some sort of sell off, and the market may eventually revert back to its trend or even form a new trend. At mid-day, the stock market is either digesting what its done in the morning, or trying to identify its character for the rest of the day. Thats when you can start to look at various sectors—whats leading what on the day. If you look at 2009, especially in the run weve had up until now, its been financials, oils and technology. Using those groups as an indication of sentimenttheres a famous quote: In the long term, the markets a weighing machine, and in the short term, its a voting machine. If youre going to determine market direction, youll use those leading groups as your guide. The end of the day is tricky. It can be momentum based or volume based and tied to whats happening with those leadership stocks. If youre looking for an up close, youre looking for strength within those groups, youre looking for big volume. Youre looking for things that are going to provide you with some sort of quantitative edge that points you in the right direction.

Dr. Doug: Trader Talk with Charles Poliacof - Part 2 of 5

• May 27, 2009
• 1:36

Charles Poliacof has been a trader for more than 12 years. Hes trained hundreds of traders. manages between $10 and $20 million, and is considered one of the top traders on the Street. This week, he talked to market coach Doug Hirschhorn about his approach. The Mental Game One of the biggest reasons investors fail, quite simply, is because of the fear of missing out. Fear of missing out can lead to a lack of discipline and investors losing their controls. That fear of missing a chance to make money can lead to investors to try and make up for that missed opportunity. There are positions youre in and you got into them for a specific reason. And then you have pre-defined outs. And when those pre-defined outs are no longer pre-defined, the parameters completely change, he says, mentioning that he once had someone talk to him about hoping, wishing and praying. In short, when the trader loses his Why? his reason for being in the trade, thats when the trade falls apart.

Dr. Doug: Trader Talk with Charles Poliacof - Part 1 of 5

• May 27, 2009
• 3:19

Charles Poliacof has been a trader for more than 12 years. Hes trained hundreds of traders. manages between $10 and $20 million, and is considered one of the top traders on the Street. This week, he talked to market coach Doug Hirschhorn about his approach. Finding Trading Opportunities So much depends on your time horizons, your approach, what you believe, says Poliacof. Right now, he adds, hes investing with a far more short-term perspective. Poliacof looks for the best indicators by deciphering risk and reward, and using a host of quantitative and technical indicators, breadth indicators, and volume indicators. Even though Poliacof focuses on equities, he still believes that right now, thats where the best opportunities are. When investing, he finds himself looking for some sort of catalyst—an earnings-driven event, more of a macro event. For example, JPMorgan and Goldman Sachs have been talking about paying back the TARP. Thats caused him to look at the price action on a lot of these banks. Poliacof says he noticed the volume on these stocks was weak, and that means theres some buying, but more a lack of selling or, potentially, some short covering. He also noticed the banks, which would normally be providing some leadership, were acting poorly. Im a big fan of using levels and a confluence of events, he says. One of his key levels is 914 on the S&P. So Im looking at 914 and Im trying to determine how these positions are acting relative to whats happening in the market. When you get these kinds of divergences, he says, thats when theres an opportunity.

Trading Opportunities

• May 19, 2009
• 3:19

Looking for the best opportunities in this market, with Doug Hirschhorn, market coach and Charles Poliacof, professional trader. (May 19, 2009)

On Fear Of Missing Out

• May 19, 2009
• 3:29

How to combat the fear of missing out on opportunity and stick to your game plan, with Charles Poliacof and market coach Doug Hirschhorn. (May 19, 2009)

Managing Risk

• May 19, 2009
• 3:39

Managing risk in a volatile market, with Charles Poliacof and market coach Doug Hirschhorn. (May 19, 2009)

Making the Right Trade

• May 19, 2009
• 3:13

How to adapt your trading to different time periods during the day, with Charles Poliacof and market coach Doug Hirschhorn. (May 19, 2009)

The Mental Game

• May 19, 2009
• 1:31

Some of the things that cause people to lose money or fail as traders, with Charles Poliacof and market coach Doug Hirschhorn. (May 19, 2009)

Trading Psychology - DrDoug.com - Trading is a Business: Succeed as a Trader - Part 3

• May 15, 2009
• 1:47

Part 3 of 3 provides you with the trading game plan. You'll learn how to construct it, and find consistency within your trades. Read on to learn more about this exciting video series. View the entire fully unedited version of this video at http://www.drdoug.com/products/view-all-products.html?page=shop.product_details&flypage=flypage-ask.tpl&product_id=12&category_id=8

Trading Psychology - DrDoug.com - Trading is a Business: Succeed as a Trader - Part 2

• May 15, 2009
• 1:56

Part 2 of 3 provides the opportunity to learn how to give yourself an edge and increase your probability of succeeding as a trader. In this part, we'll discuss setting up Goals. Read on to learn more about this fantastic 3 part video series. View the entire fully unedited version of this video at http://www.drdoug.com/products/view-all-products.html?page=shop.product_details&flypage=flypage-ask.tpl&product_id=11&category_id=8

Trading Psychology - DrDoug.com - Trading is a Business: Succeed as a Trader - Part 1

• May 15, 2009
• 1:44

Trading is a Business: Succeed as a Trader - Part 1 Now is your opportunity to learn how to give yourself an edge and increase your probability of succeeding as a trader. Read on to learn more about this fantastic 3 part series that includes video and audio. View the entire fully unedited version of this video at http://www.tradingdr.com/index.php?page=shop.product_details&flypage=shop.myflypage&product_id=10&category_id=8&manufacturer_id=0&option=com_virtuemart&Itemid=146

Trading Psychology - DrDoug.com - Staying Objective In Your Trade

• May 12, 2009
• 1:12

Dr. Doug takes an email question and answers it for one of our viewers. The question was, How do you stay objective in your trade. View this video now to hear the answer.

Trading Psychology - DrDoug.com - Managing Stress On The Job

• May 12, 2009
• 4:54

How the American worker can manage the high anxiety that comes along with working in these tough times, with Dr. Leslie Seppinni, clinical psychologist and Dr. Doug Hirschhorn, Peak Performance coach.

Trading Psychology - DrDoug.com - Probability & Investing

• May 12, 2009
• 2:04

Market coach Doug Hirschhorn discusses probability and the art of investing.

Trading Psychology - DrDoug.com - Essential Trading Rules

• May 12, 2009
• 2:19

Dr. Doug discusses his seven rules for traders.

Objective Trading

• April 27, 2009
• 1:12

Market coach Doug Hirschhorn gives traders advice on trading without emotion and taking a more objective approach. (April 27, 2009)

The Trader's Mind Part 2

• April 15, 2009
• 3:38

Doug Hirschhorn, PhD and market coach, continues his discussion with trader Mark Moskowitz regarding his thought process and how he plans his day. (April 15, 2009)

The Trader's Mind Part 1

• April 1, 2009
• 3:39

Doug Hirschhorn, PhD and market coach, talks to trader Mark Moskowitz about his thought process and how he plans his day. (April 1, 2009)

Resetting for Success: Q&A

• March 18, 2009
• 5:21

Discussing expectations and how to set them in the new economy, with Jeff Taylor, Eons.com; Doug Hirschhorn, drdoug.com; Jim Citrin, Spencer Stuart; and CNBC's Erin Burnett, Carl Quintanilla & Tyler Mathisen. (March 18, 2009)

Finding and Landing the Job

• March 18, 2009
• 6:06

How to make yourself stand out and close the deal, with Jeff Taylor, Eons.com; Doug Hirschhorn, drdoug.com; Jim Citrin, Spencer Stuart; and CNBC's Erin Burnett & Carl Quintanilla. (March 18, 2009)

Stacking Odds in Your Favor

• March 18, 2009
• 4:27

How hard can you push to get that job you really want without looking desperate, with Jeff Taylor, Eons.com; Doug Hirschhorn, drdoug.com; Jim Citrin, Spencer Stuart; and CNBC's Erin Burnett & Carl Quintanilla. (March 18, 2009)

Keep the Job You Have

• March 18, 2009
• 3:11

Addressing the fear and anxiety those who are currently employed are feeling, and how to make yourself indispensable, with Jeff Taylor, Eons.com; Doug Hirschhorn, drdoug.com; Jim Citrin, Spencer Stuart; and CNBC's Erin Burnett & Carl Quintanilla. (March 18, 2009)

Boomer Strategies

• March 18, 2009
• 2:55

Baby Boomers are being hit particularly hard by the downturn. Strategies for Boomers to find work in a down market, with Jeff Taylor, Eons.com; Doug Hirschhorn, drdoug.com; Jim Citrin, Spencer Stuart; and CNBC's Erin Burnett & Carl Quintanilla. (March 18, 2009)

Dr. Doug Hirschhorn on CNBC Town Hall: Final Thoughts

• March 18, 2009
• 1:00

Concluding perspectives on where the jobs are, with Jeff Taylor, Eons.com; Doug Hirschhorn, drdoug.com; Jim Citrin, Spencer Stuart; and CNBC's Erin Burnett & Carl Quintanilla. (March 18, 2009)

Jobs, Jobs & More Jobs

• March 18, 2009
• 9:28

Where to look for jobs in sectors that are hiring right now, with Jeff Taylor, Eons.com; Doug Hirschhorn, drdoug.com; Jim Citrin, Spencer Stuart; and CNBC's Erin Burnett & Carl Quintanilla.

Jobs Web Extra: Stand Out

• March 18, 2009
• 7:15

Discussing how to make yourself stand out in a very difficult job market, with Jeff Taylor, Eons.com, Doug Hirschhorn, drdoug.com; and Jim Citrin, Spencer Stuart.

Controlling Fear

• March 18, 2009
• 5:28

Learning how to manage job loss and fear, so they don't manage you, with Jeff Taylor, Eons.com; Doug Hirschhorn, drdoug.com; Jim Citrin, Spencer Stuart; and CNBC's Erin Burnett & Carl Quintanilla.

Climb Back In

• March 10, 2009
• 2:08

Market coach Doug Hirschhorn gives investors the five signs it's time to think about getting back into the market. (March 10, 2009)

Moving Forward

• March 4, 2009
• 3:28

Dr. Doug Hirschhorn on Investor Think

• March 3, 2009
• 3:08

Doug Hirschhorn, PhD, discusses the psychology of investors, and where they are in the five emotional stages. (March 3, 2009)

Dr. Doug Hirschhorn on Power Lunch Town Hall: Invest Without Fear

• Feb. 12, 2009
• 5:19

Whether buy and hold is really dead, with Doug Hirschhorn, market psychologist and Donny Deutsch, The Big Idea author. (February 12, 2009)

Dr. Doug Hirschhorn on Carmen's Money 411

• Jan. 20, 2009
• 4:42

Insight on the Dow's declines, the inauguration cost and more, with Jeffrey Sonn, Wall Street fraud attorney; John Simons, Black Enterprise Magazine; John Ulzheimer, Credit.com; Dr. Doug Hirschhorn, Peak Performance; CNBC's Carmen Wong Ulrich & Tyler Mathisen.

Too Much Doom and Gloom?

• Jan. 15, 2009
• 4:18

Discussing the overwhelming sense of depression in the market right now, with Doug Hirschhorn, Drdoug.com CEO. (January 15, 2009)

Crisis of Confidence

• Nov. 20, 2008
• 6:06

Discussing the crisis of confidence on Wall Street, with Dan Ariely, author of 'Predictably Irrational', and Doug Hirschhorn, a market psychologist. (November 20, 2008)

Psychology & The Economy

• Nov. 14, 2008
• 5:56

Whether a negative sentiment and overall fear could bog the economy down, with Zachary Karabell, River Twice Research; Doug Hirschhorn, Drdoug.com and Rea Hederman, Heritage Foundation

Time to Shift Out of Commodities?

• May 30, 2008
• 3:51

'The overall global economy is going to be moving down its growth path in coming quarters and with that we should see a topping out of the commodity prices,' said Harvey Hirschhorn from Bank of America Friday. (May 30, 2008)

Market Psychology

• Feb. 6, 2008
• 4:35

Volatility is a major headache for investors these days, with uncertainty driving market psychology toward anxiety and fear. Doug Hirschhorn, a market psychologist and CEO of Edge Consulting, discusses how investors can distance themselves from the market's ups and downs.

Dr. Doug Hirschhorn on Market Psychology

• Feb. 6, 2008
• 2:14

Volatility is a major headache for investors these days, with uncertainty driving market psychology toward anxiety and fear. Doug Hirschhorn, a market psychologist and CEO of Edge Consulting, discusses how investors can distance themselves from the market's ups and downs. (February 6, 2008)