The Trading Psychology Podcast

There is no one perfect answer to this question, but VP and Robb (mostly Robb) try to give you a blueprint for that magical moment when it's time to remove some money from your account.  How much?  How often?  There are...no...perfect answers, but there are ways to determine when it's best, and Episode 51 does its best to make you aware of them.   #TradingPsychology   Maverick Links   Click Here T...

We've all thought about it.  With all of these psychological issues that plague traders and blow out their accounts, or at least hold them back a lot, why not just automate part or all of your trading and eliminate these things altogether?  Well if it were that simple, everyone would do it, wouldn't they?  There are lots of nuances here, and although you'll never find a black-and-white answer to t...

Trading is the most exciting thing on Planet Earth -- until it isn't.  Then what?  It will probably happen to all of you at some point, and it helps a lot to have an idea of how you're going to deal with it once it does.  VP and Robb have both been there, and will guide you through an unavoidable future problem.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex...

We've touched on it a bit before, but there are so many different ways and reasons why you may "chicken out" or postpone a trade entry or exit, and VP and Robb are here to outline all of them, and provide a solution where it's necessary, including some tools you may be able to find on your charting software.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trad...

"I only trade EUR/USD, GBP/USD, EUR/GBP, and the NASDAQ".  WTF, why?  You must have Familiarity Bias, and it creeps up in more cases than just this.  Robb and VP list all the ways they know of, give some examples in their own trading, and as always, explain what can be done about it.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maveri...

We thought we would sneak a half money-management/half psychology episode in where we felt it was appropriate.  But these tips can make a gigantic difference in your overall account, and your quality of life.  How much difference?  Robb says double.  VP is a bit more skeptical.   Follow along with Robb's example below:   Math  Trader A - Starting Account $10K, 24% yearly return, no money added 1 y...

Most people have the wrong idea about the trading lifestyle when they first start.  Then they learn the hard way.  Don't learn the hard way, listen to Episode 45 of the Trading Psychology Podcast where veterans VP and Robb tell you the truth about this game, and how you can stay in it for the long haul by first getting rid of false perceptions.   #TradingPsychology   Maverick Links   Click Here To...

Have you ever had lucky or unlucky trades?  You're lying, no you haven't, and that's the lesson behind Episode 44, because this can and almost certainly has affected your trading at some point.  Will you let this bias derail everything you do?  For some traders, it already has.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.c...

It would be great to trade with a clear head all of the time, but this isn't realistic.  Apart form all of the external things we have going on in our daily lives, there are set beliefs which affect the way we trade, and we probably don't even realize they exist!  VP and Robb are here to help with this, in Episode 43.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick...

If women only knew the inherent advantages they have in trading, there would probably be a lot more of them.  If men can recognize these advantages and leverage them to their own advantage, this can also result in great things within the trading arena.  Join VP and Robb as they expand and give further depth to VP's 2019 video on women traders, here in Episode 42.   #TradingPsychology   Maverick Li...

EVERY ONE OF US has experienced this, don't lie.  Why do some complete idiots get to have it all while I'm struggling?  How can I get to where they are as fast as possible?  How do I get out of my crappy situation immediately and live the good life?  If you only knew the reality of what you're looking at, and the reasons why you're having these feelings about it -- the reality, and the solution, w...

Our own opinion about a particular currency or metal or crypto can easily get in the way of our trading, even though we almost never realize it.  If you don't believe it, VP and Robb break down the ways it happens to us, and of course what can be done about it.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-...

Given the high fail rate of trading, and the misconceptions we have in our heads about the people who DO make it, there can be a lot of self-doubt cast on us as aspiring pro traders before and during the process.  VP and Robb identify these doubts, and explain how they can be easily overcome.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https...

In part 2 of 2 in the "How investing concepts trickle over to trading" series, VP and Robb talk about our heavy contrarian bias, where it comes from, and why it keeps getting in the way of your trading.  Chances are, most of you fall into this category.   #TradingPsychology   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_s...

Most of us think "Herd Mentality" has more to do with investing than it does trading.  Maybe.  But you can bridge the two.  In Episode 37, Robb and VP attempt to do just that, and explain how this can be a good and a bad thing.    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 Ma...

FOMO in trading is different than investing FOMO, but a lot of the ideas and problems are similar.  But does it always have to be a bad thing?  VP and Robb discuss.   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.com/applicati...

You may have thought we've been over this already, but the swirl of unique emotions that take place after a giant win, especially that first one, are unique to anything you'll ever experience in trading.  On top of that, VP and Robb argue about the best way to approach this, and a very interesting solution comes out of it all.   #TradingPsychology   Maverick Links   Click Here To Learn More about...

"Regret is a wasted emotion"......or is it?  This one can actually go both ways, and if you can figure this out and learn to harness your regret, good things will generally happen to you.  If you can't -- man oh man can this thing take you down for good.  VP and Robb break it all down, and as always, offer solutions, in Episode 34.   #TradingPsychology   Maverick Links   Click Here To Learn More a...

We've all done it, and we're all going to do it again, let's be honest.  Our system tells us to go, and we magically find a way to pass on it anyway.  There is no upside to this.  In Episode 33, VP and Robb dive into why this is happening, how destructive it can be, and what we can do to prevent it from happening in the future.   Maverick Links   Click Here To Learn More about Maverick Forex Tradi...

The three previous episodes were all about identifying three major chemicals in our brain which can sneak up and destroy our trading without us even knowing it.  This episode is the actionable plan you can take to make sure this never happens again.   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_source=vpyt   Click Here T...

If you thought adrenaline screws up your trading, wait until you learn about cortisol.  Robb and VP dive deeper into the "Flight Chemical" and how it can negatively affect your trading if you're not careful.   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: UR...

Adrenaline is the #1 killer of Forex accounts for men.  This claim is completely unsubstantiated, but after Episode 30 I'm sure you'll agree.  How do we identify it in ourselves, and how do we make sure it never creeps into our own trading like it does for everybody else?   Maverick Links   Click Here To Learn More about Maverick Forex Trading:  URL: https://maverickfx.com/application-3-a/?utm_sou...

In Episode 29, Robb dives into Dopamine, an often misunderstood chemical in our brain, and how it applies to our trading and everyday life.   A big shout out to a YouTube commentor in Episode 2, who helped make Episode 29 possible.   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...

This one could hit really hard. Traders are not common. It's a game with a very low success rate, but the payoff is financial freedom -- but without a safety net. You're going to have a hard time getting genuine support from family members who think the mere idea of this is insane. VP and Robb break it down further, and show you how you can handle it best.   Maverick Links   Click Here To Learn Mo...

Once you've been trading professionally for 5 years are more, it's safe to say most of your psychological issues when it comes to trading have been mastered.  But as is often the case, a new set of barriers and psychological pitfalls can come about, potentially ruining all of the great work you've done up to this point.  Join VP and Robb as they wrap up the Prop Firm portion of the TPP Podcast, an...