033 – Interview w Louise Bedford of Talking Trading

Oct 5, 2023

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Louise Bedford is a best-selling author of five books on the stockmarket. She is one of Australia’s most compelling speakers on the sharemarket, has been trading the markets since 1990, and trained thousands of people to maximise their own trading potential.

She is a behavioural finance expert and has degrees in Psychology and Business. She’s been running the 6-month repeat-for-free www.tradinggame.com.au Mentor Program since the year 2000, and she’s also the founder of www.talkingtrading.com.au, a free weekly trading podcast. Known as ‘the corporate executive who lost the use of her arms and achieved financial freedom by trading with a pen in her mouth’ – she will inspire you to achieve your trading best.

Her key areas of focus are using candlestick charts, trading psychology, pattern detection, the impact of neuro-psychology on trading decisions and trading crisis management.

Officially crowned as Australia’s ‘Candlestick Queen’, she’s known as the trader that brought this fascinating technique to Australia.

Show Notes

She talks about traders' tendency to self-sabotage and the destructive behaviors associated with it.
Discusses how traders often self-sabotage when they reach a certain level of success.
Explains the concept of "financial thermostat" and how traders anchor their profit potential based on past behaviors.
Discusses the challenges faced by traders when trading larger account sizes and the psychological impact of account balances on trading decisions.
We dive deep into the psychological aspects of trading and overcoming challenges.
She emphasizes the importance of staying active and hungry in trading, avoiding complacency and resting on laurels when account grows to a certain size.
Discusses the highlights the role of coaching and support in maintaining good habits, particularly in the initiation and maintenance phases of forming new behaviors.
Shares her strategy of managing her portfolios by delegating parts to different portfolios with varying equity levels.
She stresses the significance of being hard on oneself as a trader, acknowledging mistakes, and implementing changes in behavior to achieve consistent results.
The importance of forgiveness in trading is discussed, emphasizing the need to first acknowledge and learn from mistakes before forgiving oneself and moving forward.
The importance of taking action and not being complacent is emphasized, encouraging listeners to explore the discussed concepts further and apply them in their trading journey.

This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence.

About the podcast

How to connect

Website - https://www.tradinggame.com.au/
On Linkedin - https://au.linkedin.com/in/louise-bedford
On Facebook - https://www.facebook.com/TradingGame/

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