Trading Psychology Deep Dive with Mandi –

WazirX Referral Program Refer and earn 50% commission of every trade. Be your own Boss! Buy & sell Crypto in minutes Join the world's largest crypto exchange Register at Binance

Trading Psychology Deep Dive with Mandi –


Mandi Rafsendjani is a trading psychology coach who has worked with some of the highest-profile traders in today’s trading world. We had the honor to sit down with her and talk about a variety of different trading topics and techniques on how to tap into your full potential.

 

 

 

Why is it so hard to follow your trading plan?

Of course, there can be many reasons why it is so hard to follow your trading plan but one of the main reasons is that the trading strategy the trader is trading is not compatible with their own way of thinking.

Specifically, Mandi referred to the Disc test (outgoing link) where you can test your character profile. During our podcast – starting at 0:50 – Mandi then went into the trading strategy requirements of the different personality types.

The first step now would be to find out how compatible you are with your trading style. And once you realize that you are not compatible, you have two options: first, you start looking for something else. Or, you start working on yourself by implementing processes that make it more likely that you can apply the trading strategy successfully.

In my experience, choosing the first approach may feel a lot more like system-hopping and looking for an excuse to avoid putting in the work. The second approach, facing your shortcomings and improving your weaknesses may lead to more benefits later on as well too.

A lot also comes back to being self-aware, getting to know yourself, and being present. Especially in today’s world with constant distractions and shortening attention spans, the ability to objectively observe yourself can be priceless. Starting at 33:10 we go into the topics of mindfulness, self-awareness, and being present with Mandi and explore techniques and tips.

I could go on and on forever about all the interesting concepts we discuss, but I’d highly recommend listening to the podcast with Mandi!

You can also find it as a podcast on your favorite podcast app.

 

And we also did a round one with Mandi a few months back. Make sure to listen to our first conversation with Mandi too.

 





Source link

Register at Binance