The Trading Psychology Podcast

What does it say about somebody who just sits or stands there and does nothing?  It's not going to make you too popular, especially amongst people who don't understand the business you're in.  So often at times, we feel pressure to take action where simply not taking any action at all would have been so much better.  Still confused?  VP and Robb break it down.   #TradingPsychology   Maverick Links...

We learned last episode what is actually possible if you have your own trading psychology in order.  But if you don't won your own results from the start, then you'll never understand what is need to get to that very level of success.  And a LOT of you are in denial here.  VP and Robb so deep into the types of people who exist when it comes to accountability, and how YOU can make sure you are owni...

One year ago, Robb Reinhold began an experiment on full display in front of the whole trading world.  What would happen if you just chose positions at random, and then just stayed out of the decision-making process after that?  In other words, what if you just avoided everything we told you to avoid on this podcast, and did nothing else?  The results.....should not surprise you.   Link to the Flat...

Anyone who has put some real time into trading has that moment where they're not killing it anymore, and they wonder if they should abandon their system and go to a new one.  Well the answer to this is simple -- it depends.  VP and Robb Discuss something we probably should have discussed a long time ago.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:...

There is some fear and overall dread with the idea that Artificial Intelligence will take over the trading world, and there is no sense becoming good at trading yourself, when AI is just going to end up doing it better.  Nobody can predict the future, but we have a lot of history to go on here.  VP and Robb give their thoughts.   #TradingPsychology   Maverick Links   Click Here To Learn More about...

In a GREATest hits episode, VP and Robb talk about what it takes to reach the top of your game no matter what it is, after being inspired by a graduation speech from Roger Federer.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick Currencies: URL: htt...

It turns out there are LOTs of reasons why you might deviate from a rational position size when you trade.  There has never been a professional trader in history who has not followed a consistent position sizing regimen, so listen up.  We have to get this demon out of you, regardless of what your reason might be.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex...

The markets aren't always exciting and action-packed.  And other endeavors can take its place sometimes.  But when you are bored with trading or bored with the market in general, what's the best way to handle it?  VP and Robb have been there.  And they have answers.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/applicati...

Trading is actually very simple -- but don't tell the Academic this.  They'll never believe you.  They think the more you know and the deeper you go on any topic, the better off you are.  Many of us have fallen into this trap in the past, especially if we have nerd tendencies, but most of us learned our lesson here.  For those of you who haven't yet, this episode is for you.   *We could not find a...

Even the most experienced traders do really dumb things.  Like going long instead of short.  Entering the wrong number into your stop loss or take profit points, etc.  Amateur mistakes.  When this happens, you often feel like you don't even belong in this arena.  Don't worry, you still do belong, and there is a way to handle things like this.  VP and Robb discuss.   #TradingPsychology   Maverick L...

Have you ever had a friend/relative/stranger get interested in trading after you tell them about it?  It's happened to most of us, and it usually ends in disaster.  But there's a right and a wrong way to handle this, because having people you know or meet show interest in your trading WILL happen to you, probably multiple times, if it hasn't already.  We all want others to succeed with us, or at l...

No Nonsense Forex has had its share of detractors, as you would expect.  Some are sillier than others.  But two of the biggest have a common theme, and it should be discussed, because everybody here has had these same thoughts at some point, and they may STILL creep up from time to time.  VP and Robb discuss the most common -- The guy who thinks shortcuts are the way and will settle for nothing el...

Don't think there aren't advantages here -- monetary and psychological.  There are disadvantages too, but VP and Robb (mostly Robb) discuss how the mechanics of options trading can be a big boost to your overall performance, and in several different ways.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm...

What a great feeling it is to finally be validated for your efforts, your creativity, your ideas, whatever it may be.  But depending on WHEN this happens in your trading journey, and how you choose to handle it can make all the difference in the world.  VP and Robb discuss their own encounters with this phenomenon, and come up with the best ways to deal with something that should be a great thing...

This one affects a lot of you.  It's crippling.  And it only takes one piece of your personality to fall into this disease.  Out of VP and Robb, guess which one this affects?  In Episode 61, we go over the symptoms, the problems, and as always the solutions to an issue that prevents some of the world's greatest potential traders from ever getting off the ground floor.   #TradingPsychology   Maveri...

No matter where you are in the world, you can take your trading talents to your nearest major stock market and do some real damage.  There are also many opportunities to market YOURSELF as a result of this success as well.  But what should you know ahead of time, technically and psychologically?  There's nobody better to ask than Robb, and we do a lot of that in Episode 60.   #TradingPsychology  ...

Nobody who trades currently ever took a bunch of losses early on, then just kept taking them.  You would have quit long ago.  You have certainly gone through times, whether it was on demo, real money, or even in your early education, where you thought you were damn near invincible, and you were probably going to win 90% of your trades.  It sounds stupid now, but what if I told you it's probably go...

WARNING: This is more of a beginner episode, but should still be enjoyable for most of you and definitely has psychological undertones to it if you're paying attention.  But it's mostly VP and Robb sharing old war stories for 42 minutes, including the one time Robb traded 100 lots in one trade!!   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: ht...

An update on the future of the Trading Psychology Podcast for 2024

If we didn't all have big egos, we wouldn't have started trading in the first place.  But when is it good and when is it harmful to our trading?  If you can recognize the differences, you're way ahead of most traders, we can say that much.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   C...

Shot back in mid-December, there are ABSOLUTELY psychological hurdles to deal with when it comes to news events in trading, yet we seldom think about them.  VP and Robb have two very different takes and solutions to this issue, but we're certainly all in this one together.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/ap...

A lighter one for the holidays.  Exactly as it says, VP and Robb give advice to their younger selves at three different and pivotal points in their lives.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here To Learn More about Maverick Currencies: URL: https://maverickcurrencies.co...

Nobody wants to quit trading, but sometimes it's the correct move, and it's very important to identify the reasons why it may be time to check out for good.  VP and Robb lay out those reasons, and explain why (if applicable) quitting the trading game could be one of the best things you could ever do for yourself.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex...

You may not be in a desperate place now, but what if things change a year or two from now?  There are more ways to end up here than you think.  VP talked about desperation long ago, but now it's Robb's turn to add on his Prop Firm stories and anecdotes, to what can be an account cancer if left untreated.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:...

Strap in, this is a good one.  You've made money trading the markets.  You now know when to take some profit out of your account.  So where do you put that money?  What makes sense, and what doesn't.  Getting this part right goes a looooong way to determining whether or not you end up successful in this game long-term.  VP and Robb give you lots of possibilities, some good, some not so good.   #Tr...