Mind Over Markets: Trading Psychology Podcast

The Urgency Trap — Why Needing Profits Now Kills Your Edge

Aug 14, 2025
Urgency can sabotage trading performance, leading to hasty decisions driven by emotions. The podcast explores this phenomenon, drawing parallels to sports where maintaining composure is essential. Listeners learn about the dangers of self-imposed deadlines and how they can derail success. Key strategies, including the 'One Trade' reframe and visualization techniques, help traders manage urgency and cultivate patience. By slowing down their mental clock, traders can enhance their decision-making and avoid costly mistakes.
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INSIGHT

Urgency Is A Changeable Mental State

  • Urgency is a mental state where perceived time scarcity overrides patience, preparation, and process.
  • You can change that state in the moment because it is a perception, not an objective fact.
ANECDOTE

Rushed Execution Breaks Practice

  • In sports urgency makes players abandon game plans and rush execution, producing unforced errors.
  • George uses basketball and sprint false starts to show how rushing breaks practiced performance.
ANECDOTE

Stay In Position, Avoid Tunnel Vision

  • Overcommitting and tunnel vision happen under urgency, like a goalie covering the wrong side or a midfielder chasing the ball.
  • George recounts a short‑benched hockey game to illustrate staying in position beats frantic chasing.
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