The Wall Street Coach with Kim Ann Curtin EP 108: Mastering Risk and Self-Awareness with Gregg Sciabica
Jun 30, 2025
Gregg Sciabica, a seasoned trader with 25 years of experience and a knack for technical analysis, shares his insights on emotional resilience in trading. He discusses the identity crisis traders face and the importance of self-awareness over societal labels. The conversation emphasizes reframing losses as growth opportunities and managing the psychological challenges of trading. Sciabica also highlights the balance between passion and purpose in trading, advocating for a disciplined approach amid market fluctuations.
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Labels Can Limit Trading Mindset
- The label 'trader' can limit how people approach trading and may cause them to trade just to uphold the label. - Gregg Sciabica emphasizes that the ultimate goal is making money, not fitting into the trader archetype.
Betting Only When Certain
- Gregg shares a story about betting with his boss where he only bet when he was sure he was right. - This principle reflects his lifelong aversion to risky bets without certainty, including trading decisions.
Be Brutally Honest Mid-Trade
- Always observe yourself objectively during trades and make brutally honest decisions based on reality, not ego. - Recognize when a trade is wrong and take the best action going forward rather than holding on to wishful thinking.
