CNBC Anchors and Reporters

Janice Dorn

Janice Dorn
Gold Trader, Financial Psychiatrist, Trader, Author

Janice Dorn, M.D, Ph.D. holds an M.D. in Psychiatry and a Ph.D. in Brain Anatomy.

She is believed to be the only M.D. Psychiatrist and Ph.D. Brain Anatomist in the world who actively trades, writes commentary about the financial markets, coaches traders and runs a subscription-based trading and trading psychology website.

Dr. Dorn has been a full-time commodities futures trader since 1993, focusing on the gold markets. She previously served in the capacity of Global Risk Strategist for Ingenieux Wealth Management, Sydney, Australia, where she was responsible for behavioral risk profiling and portfolio risk management solutions relating to investing and trading decision making.

Dr. Dorn is the author of over 2,000 publications, relating to Trading Psychiatry, Financial Supercycles, Behavioral Neurofinance, and Trader Wellness and Longevity. Dr. Dorn has provided coaching/mentoring to more than 600 traders around the world. Her first book, entitled "Personal Responsibility: The Power of You," was published in January 2008.

She is now, or has been, a member of numerous professional societies including The Market Technicians Association, The World Future Society, The International Society for Psychoneuroendocrinology, and The American Society for Anti-Aging Medicine. She presently sits on the Advisory Board of The Center For Future Consciousness.

More

  • Thinking

    One of the most difficult aspects of trading is emotional management.

  • businessman_fingers_in_ears_200.jpg

    Fear is a misunderstood emotion, and one that gets a pretty bad rap these days. But what about the litany of fears that plagues traders every day?

  • Broken Heart

    A day of euphoria can be followed by a day of despair. Fear of missing out, anxiety about losing a position in which we believed, denial that we could possibly have been wrong about our choice of entry, elation when a trade goes well—these and many more examples bring to mind the ups, downs and all-arounds that happen in the markets and in life.

  • In trading and in life, it is critical to ask yourself: What sources of information are guiding my actions?

  • New York Stock Exchange

    The most difficult thing for traders to do is to sit there and wait. Why? Because, we live in a world that is on a total dopamine, hypomanic binge.

  • NYSE Traders

    If you spend a lot of time daydreaming about making a financial "killing" that will take you away from your internal suffering, you are trading on hope and you will fail.

  • In our live Trading Doctor webinar this week (Finding High Reward/Risk Setups Using Technical Analysis) we showed many charts to illustrate the value of patience in waiting for a trade to exhale.

  • trader

    Your destiny as a trader is up to you. You can choose to focus on the positions that drain you or those that uplift you. One of the cardinal rules of good trading is to do more of what is working, and less of what isn’t.

  • As traders, we often define ourselves in terms of trading results--our actions, inactions, gains and losses. As a result, it’s easy to merge yourself with a decision that resulted in unexpected negative consequences.

  • bird_on_bird_cage_200.jpg

    We are drowning in information overload. It’s especially bad because there is so much misinformation, disinformation and garbage competing for and assaulting our senses every day. As a trader, it is critical to filter out the signal from the noise. There is way too much hype and too many people trying to sell you something that is not real or true.