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The Alpha Trap: Why it Kills the Careers of So Many Traders

The Alpha Trap: Why it Kills the Careers of So Many Traders

FromThe Trading Psychology and Mindset Podcast


The Alpha Trap: Why it Kills the Careers of So Many Traders

FromThe Trading Psychology and Mindset Podcast

ratings:
Length:
18 minutes
Released:
Feb 15, 2023
Format:
Podcast episode

Description

The idea of winning is so appealing to all of us. That adrenaline rush of making it big, finishing strong, and even acquiring so much, excites us.
Now, there is nothing wrong with wanting to win. The problem arises when we think of winning as something we can ALWAYS control. This is the type of mentality that is dangerous not only in a general sense, but especially in trading.
What if one loss after the other suddenly hits you? What if the results do not turn out as planned? Will it catch you off-guard and react impulsively or will you easily accept defeat and surrender?
In this episode of the Trading Psychology and Mindset Podcast, I deep dive into this kind of mindset that sets traders up for failure and how history of successes in other fields brought about by the usual winning mindset do not automatically guarantee success in the trading world.    
If you’ve enjoyed this episode, don’t forget to like, share, and subscribe for more. 
See you on the next one! 
Episode Highlights:

Welcome to The Trading Psychology and Mindset Podcast [00:00]
How do constant trading winners do it [01:45]
The alpha winning mindset does not work in trading [3:20]
The definition of insanity in trading [4:54]
How does emotional hijacking occur in alphas [6:42]
When an alpha’s winning mindset gets bored [09:27]
The trading mind versus the alpha mind [12:41]
The skill of losing [14:09]
How to change the Alpha standard in trading [15:30]

Connect with Ash Playsted:

Website: https://www.mindsetfitmethod.com/
Connect with me on LinkedIn:

https://www.linkedin.com/in/trading-psychology-master-coach/
https://www.linkedin.com/company/the-mindsetfit-method/

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Subscribe to my Youtube Channel: https://www.youtube.com/c/TradingPsychologyandMindset

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Released:
Feb 15, 2023
Format:
Podcast episode

Titles in the series (23)

The Trading Psychology and Mindset Podcast is for all traders regardless of the trading system you use or your level of tenure. From people interested in trading but haven’t started yet, to traders who just started, and to experienced traders who have not yet broken through to consistent profitability... this podcast show is for you. Right here you'll find everything you need to build the right brain and mind for trading success.