Trading psychology secrets | How to re-wire your brain to be a profitable trader
In a previous video, I said that thinking was an edge.
The psychology of trading is a really interesting topic and something I’ve spent the best part of ten years exploring in depth.
I started doing this when I realised that I could present people an opportunity on a plate, yet they wouldn’t take it. I also spotted that people often got themselves into a right mess in situations that never should have happened.
When I first started trading financial markets, I too was a complete mess and a completely hopeless short term trader. But with a lot of work and effort, I managed to completely change the way I think and become a really good risk-taker.
When I traded financial markets I made a right mess of things, but when I returned years later to Betfair trading and sports betting markets, I already knew where I had gone wrong and carefully rebuilt my attitude to many things and in particular to the subject of risk-taking.
In order to do this, I had to learn a lot about psychology and the psychology of trading. It’s a key topic that many people completely miss.
So I would like to share some key thoughts on the Psychology of trading from roughly 30 years of experience.
As mentioned in the video here is the link to the Numberphile video: –