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Trading Psychologist: He Hacks Your Brain To WIN The Mental Game of Trading

Nov 16, 2024

Guest

Jared Tendler

Jared Tendler, a trading psychologist and author of 'The Mental Game of Trading,' shares his insights on the psychological hurdles traders face. He discusses the critical balance between mental resilience and technical skills, exploring how emotions like greed can impact decision-making. Tendler critiques the prevalence of unqualified mindset coaches and emphasizes the importance of self-awareness in trading. He also addresses the challenges new traders encounter, highlighting the need for discipline and reflection to achieve long-term success.

01:28:47

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Episode notes

Intro

00:00 • 2min

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The Mental Game of Trading

01:41 • 13min

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Exploring Trading Psychology: Beyond Probabilities

14:16 • 3min

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Conquering Greed: The Trader's Mindset

17:20 • 15min

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Mindset Challenges in New Traders

32:13 • 2min

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Navigating Trading Psychology

34:32 • 19min

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The Psychology of Trading: Preparedness and Mindset

The mental game of poker

Jared Tendler

Trading in the zone

Master the Market with Confidence, Discipline, and a Winning Attitude

Mark Douglas

This book explores the psychology of successful trading, highlighting the role of mindset and mental discipline. Mark Douglas shares real-world anecdotes and practical strategies to help traders overcome fear, self-doubt, and emotional triggers that can lead to poor trading decisions. The book emphasizes the importance of accepting risk, thinking in terms of probabilities, and developing a disciplined and consistent approach to trading. Douglas also addresses common myths of the market and helps traders understand the true realities of risk and market movement[1][2][3].

Golf Is Not a Game of Perfect

Bob Rotella

Filled with insightful stories about golf and the golfers Dr. Rotella works with, this book focuses on creating an attitude and mindset that enhances all aspects of a golfer's game, from mental preparation to competition. Rotella stresses the importance of confidence, a positive attitude, and persistence. He advises golfers to train their swing mechanics during practice and trust them on the course, focusing on targets and strategy rather than mechanics. The book also highlights the need for a pre-shot routine and the importance of staying in the present and avoiding distractions during the game.

The Mental Game of Trading

Jared Tendler

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On this episode of the Words of Rizdom podcast we are joined by Jared Tendler. Jared is psychologist and renowned author of the Mental Game of Trading that has sold thousands of copies worldwide. He trained as a licensed therapist and has a masters in counselling psychology. His vast knowledge on the mental side of trading has helped traders all of over the world overcome the barriers they face in the markets and has allowed them to become profitable long term. In this podcast we discuss the mindset required to become a successful trader, the debate around whether psychology even works or is relevant in trading and how Jared became one of the most decorated authors in the trading space.

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Connect with our guest:

https://x.com/jaredtendler

https://jaredtendler.com/

https://jaredtendler.com/tmgtlive/

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Timestamps:

00:00:00 Introduction to Jared Tendler - Author Of The Mental Game Of Trading

00:05:14 Overcoming Mental Hang-Ups

00:10:51 Transitioning from Poker and Golf to Trading

00:16:08 Understanding the Psychology of Trading

00:21:47 Overcoming Trading Losses and the Lottery Mindset

00:27:05 Creating a Game Plan for Traders

00:38:15 Overcoming FOMO in Trading

00:44:26 Overcoming Trading Struggles: A Success Story

00:49:41 Overcoming Emotional Barriers in Trading

00:54:51 The Power of Clarity: How Questionnaires Help Traders

01:00:23 Understanding the Skill Gap in Trading

01:05:51 The Importance of Emotional Stability in Trading

01:11:43 Achieving New Year's Resolutions Through Small Progress

01:17:22 Managing Emotional Volatility in Trading

01:23:19 Recognizing the Dangers of Overconfidence

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Disclaimer:

The content on Words of Rizdom is for informational and educational purposes only. We are not personally affiliated with any of the guests featured in our episodes. Our role is solely to interview them and share their insights, experiences, and expertise. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom. Always carry out your own research and seek professional advice before making decisions based on the content shared.

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#trading #forex #forextrading #futures #swingtrading #daytrading #podcast #daytrading #bitcoin #ict #election #elections2024 #tradingmindset #tradingstrategy #tradingpsychology

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