Mind Over Markets: Trading Psychology Podcast The Conviction Paradox: Why Letting Go of Control Creates Consistency
If control in trading is an illusion, what replaces it? In this episode of Mind Over Markets, George Papazov introduces the “Conviction Paradox” — the surprising truth that letting go of control is what actually creates consistency.
You’ll discover why traders often confuse control with conviction, how conviction is built through repetition, adaptability, and self-trust, and how to install new beliefs that help you thrive in uncertainty.
Plus, George guides you through a powerful NLP exercise to anchor conviction before every trade.
Key Takeaways
Control is about prediction and forcing outcomes — conviction is about trusting your preparation, edge, and adaptability.
Many traders confuse control for conviction when they move stops, overtrade, or size up out of ego.
Conviction is built through consistent reps, flexibility in changing markets, and keeping promises to yourself.
Control chases certainty, but conviction thrives in uncertainty.
Anchoring exercises can hardwire conviction so you execute calmly and consistently without fear.
Episode Resources
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Disclaimer:
Futures, options, and derivatives trading involve substantial risk and are not suitable for every investor. The high degree of leverage in futures trading can work against you as well as for you. Past performance is not necessarily indicative of future results.
The information provided in this podcast is for educational and informational purposes only and should not be construed as specific trading, investment, or financial advice. Nothing discussed constitutes an offer to buy or sell any futures contract, option, security, or other financial instrument.
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