That said I think on the methodology/psychology side he is very solid, and I think his book, Enhancing Trader Performance is one of the best trading books out there.

Brett is definitely very quantitative in the limited market writing he’s done that I’ve seen. I can appreciate the value of that to a certain extent, but it’s also a very short time frame, which I generally don’t focus on. As a general rule I don’t read other people’s analysis because it tends to muddle my own, so I haven’t read much of what he’s written in that regard. As such I can’t really comment specifically about his techniques. If you really get down to brass tacks, though, you can probably rip apart just about anyone’s approach to the market in some fashion.

To my mind Brett’s strength is in the area of trader development where he’s able to bring in all that research and tie it in with his own experience working with traders. Like I said before, I don’t even always agree with him there, but I’ve found that’s more often a case of how things are expressed rather than methodologies and approaches.

John

With regards to your disclosure, accepted. However, disclosure simply alerts the reader that bias is most likely present. Anyway, moot point.

Here is an article from Dr Steenbarger that I didn’t care for.
http://leduc998.wordpress.com/2008/08/27/performance-based-skill/#respond

It is rather representative of his chart & indicator based approach. His weekly indicator based posts…I really dislike due to their hindsight narrative basis. He seems to have a blindspot to this…Johari Windows anyone?

jog on
duc

The potential bias is why I always make sure to indicate my relationship with Brett whenever I do reviews like this. I try to look on his work objectively, though, as I would with anyone else. He and I don’t always agree on everything, and I’m not commenting at all on the way he approaches the markets himself because it’s not the way I do, but I like the way he goes as the trader development topic and have done since reading his first book.

John

Given that Dr Steenbarger helped you get a book deal etc, would it be fair to say that your endorsement might contain some bias?

I have to say that I am not a huge fan of Dr Steenbarger, although, some of his articles have been very good I’ll feely admit…and I reproduce [steal] those ones.

I’ll have to go back and review exactly why Dr Steenbarger leaves me less than enthused [generally speaking]

jog on
duc