Trading Masterclass: The Mental Strategies Pro Traders Use | Jared Tendler
Jun 2, 2024
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Guest Jared Tendler shares mental strategies for traders, emphasizing balancing focus on results and strategy adherence. He discusses improving trading performance through mental awareness, analyzing and categorizing mistakes, and overcoming challenges. Tendler highlights the importance of managing emotions, recognizing patterns, and developing intuition for optimal trading performance.
Focus on daily performance and decision-making, not just results, to avoid emotional issues like FOMO and revenge trading.
Implement the A to C game analysis to grade daily trading performance based on mental and emotional states for continuous improvement.
Develop a structured approach by eliminating C game behaviors, progressing from B to C game, and focusing on personal strategy for long-term success in trading.
Deep dives
Understanding the Importance of Mental Game in Trading
Results are crucial in trading, but allowing them to solely define your day-to-day performance can lead to numerous emotional issues like FOMO, revenge trading, and loss of confidence. The ideal approach combines an intense drive for results with a focus on daily performance and decision-making. Traders need reliable feedback beyond results to improve their mental and emotional stability for consistent execution.
Implementing an A to C Game Analysis for Trading Success
Create an A to C game analysis to identify your mental and tactical performance levels. Categorize clear mistakes as C game, learning mistakes as A game, and marginal mistakes as B game. By monitoring and grading your daily trading performance based on your mental and emotional states rather than results, you can improve emotional stability and identify weaknesses for continuous growth.
Utilizing Tools for Continuous Improvement in Trading Strategies
By utilizing tools such as the A to C game analysis and real-time monitoring of mental and emotional states during trading, traders can develop a structured approach to improvement. Focus on eliminating C game behaviors to progress forward, ensuring that the current B game becomes the new C game and the current A game moves towards further growth, fostering long-term trading success.
Organic development leads to new opportunities
Eliminating weaknesses in your strategy can open up new opportunities and insights that were previously hidden. By focusing on developing your unique strategy instead of chasing shiny objects or copying others, you can minimize distractions and enhance your trading potential.
Improving from C game to A game gradually
Sucking less during crucial moments is vital for long-term success in trading. Avoiding impulsive decisions driven by desperation or emotional reactions can prevent significant losses. By gradually improving from a C game to an A game through consistent analysis and reflection, traders can enhance their performance and prevent destructive behaviors that hinder progress.
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Jared Tendler has worked with institutional traders, professional athletes, and high-stakes poker players, and played an essential in their success.
Whether you're a beginner or an experienced trader, this video will equip you with the mental strategies to elevate your trading game. Don't miss this opportunity to learn from a master of trading psychology!
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