Words of Rizdom - Trading Podcast Trading Psychologist: Here's How I MAKE Traders Profitable Long Term
Feb 25, 2025
In this engaging discussion, Steven Goldstein, an ex-institutional trader and renowned performance coach, shares his journey through the trading world. He reveals the psychological pitfalls traders face, such as self-doubt and the 'what if' mentality. The conversation delves into aligning trading philosophies with personal strengths for better outcomes. Steven emphasizes the importance of mastering fundamentals and having the right support systems. Listeners also learn how resilience and a structured approach can significantly enhance trading performance.
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Goldstein's Trading Journey
- Steven Goldstein's trading journey began in the late 80s at a Japanese bank.
- He managed complex portfolios, quoted prices, and later transitioned to proprietary trading.
Trading's Allure vs. Reality
- Trading's appeal in the 80s stemmed from movies like "Wall Street" and the allure of making lots of money.
- The reality of trading's difficulty sets in once you are actively involved in the markets.
Inspiration to Coach
- Goldstein's own experience with a coach who transformed his struggling career inspired him to become a coach.
- Trading's stress, particularly at higher levels, also played a role in this transition.
