Words of Rizdom - Trading Podcast Trading Psychologist: He Hacks Your Brain To WIN The Mental Game of Trading
10 snips
Nov 16, 2024 
Jared Tendler, a trading psychologist and author of 'The Mental Game of Trading,' shares his insights on the psychological hurdles traders face. He discusses the critical balance between mental resilience and technical skills, exploring how emotions like greed can impact decision-making. Tendler critiques the prevalence of unqualified mindset coaches and emphasizes the importance of self-awareness in trading. He also addresses the challenges new traders encounter, highlighting the need for discipline and reflection to achieve long-term success.
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Treat Greed As A Symptom Not The Root Problem
- Ask Why repeatedly to find the root cause of greed instead of treating greed as the problem itself.
- Jared explains greed is a symptom (e.g., lottery thinking or perfectionism) and you must fix the underlying faulty beliefs driving rule violations.
Use A Data Collection Worksheet Every Session
- Do collect market-session data: write the situation, your thoughts, emotions, physical signs, actions, and decision changes each time you trade.
- Jared Tendler says this foresight worksheet immediately separates you from reactive traps by getting your head above water and enabling reality testing.
Record Your Session Narration For Replay Analysis
- Do narrate or record your live sessions to create rewinding feedback you can analyze later.
- Jared recommends talking through decisions in-session or recording to build mental hand histories and recognize causality behind mistakes.
