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Courage vs Impulsiveness: What's the difference? And why it matters for traders

Courage vs Impulsiveness: What's the difference? And why it matters for traders

FromThe Trading Psychology and Mindset Podcast


Courage vs Impulsiveness: What's the difference? And why it matters for traders

FromThe Trading Psychology and Mindset Podcast

ratings:
Length:
14 minutes
Released:
Feb 22, 2023
Format:
Podcast episode

Description

Many traders fall into the trap of mistaking impulsiveness for courage.
Oftentimes, actions based on impulse are driven by the fight or flight response, rather than rational thinking.
Courage in trading requires facing one's own beliefs and being open to the flow of information in the market. This can be challenging, but it is also an opportunity for growth and success in trading.
Why is it important to train the mind to have beliefs that correspond with the market without triggering emotional pain? How can you face your existing fears and beliefs with courage and rebuild them?
In this episode of the Trading Psychology and Mindset Podcast, I challenge the conventional wisdom about courage and impulsiveness in trading, and reveal the key to unlocking consistent profitability.
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 & Mindset Podcast [00:00]
What is impulsive? What is courage? [2:10]
The difference between courage and impulsiveness in trading [4:07]
The desire to make things happen is hardwired into us all [06:02]
The problem in trading done by traders [07:11]
Your true belief system is what gets exposed [09:25]
What is the threat in trading? [11:21]
How to neutralise the threat of the market [12:59]

Connect with Ash Playsted:

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

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See omnystudio.com/listener for privacy information.
Released:
Feb 22, 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.