The Outlier Trading Podcast A Look Inside the Mind of a Trader with Jared Tendler | The Outlier Podcast
Feb 19, 2025
Jared Tendler, a performance coach and author known for his work in the psychology of trading and sports, dives deep into trading psychology. He discusses the Dunning-Kruger effect, warning how overconfidence can lead to costly mistakes. Jared compares trading to martial arts, addressing emotional challenges like FOMO and the fear of failure. He emphasizes self-analysis and the importance of tracking emotions to overcome behavioral pitfalls. With insights on mindset mechanics and the traits of successful traders, this conversation is a treasure for anyone looking to enhance their trading skills.
AI Snips
Chapters
Books
Transcript
Episode notes
Edge Comes Before Psychology
- Trading edge always comes first; psychology cannot replace a profitable strategy.
- Mental game only enhances what you already know, it does not create skill from nothing.
Real Confidence Reflects Competency
- The Dunning-Kruger effect means some overestimate and others underestimate their skills.
- Confidence should reflect true competency, not just feeling sure of oneself.
Touching The Stove Of Trading
- Some learn best by direct experience, needing to "touch the stove."
- Traders often repetitively make mistakes like chasing FOMO due to strong desires to profit quickly.
