Trading Mindset Secrets Of The Best Traders - Andrew Menaker
ฝัง
- เผยแพร่เมื่อ 10 มิ.ย. 2024
- In this trader interview, I interview trading psychologist Dr. Andrew Menaker. We discuss the trading mindset of the best traders. What are things the greatest traders do to improve their trading psychology & mindset? You'll find out by watching this video!
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Chapters:
0:00 Start
0:23 Introduction
0:49 What has Andrew done since his last interview with Etienne
3:52 Why Andrew went from military consultant to trader
5:21 How trading helps you grow and become better
6:55 How to train to deal with risk and discomfort as a trader
8:23 How can you know what works to improve your trading mindset
11:08 What Andrew would tell to an emotional trader
12:01 Why personal development is so hard
14:59 Why professional traders need coaches
16:22 Why do some goals hinder your trading
17:34 What professional traders do differently than retail traders
18:44 Why you are doing risk management wrong
21:00 Does journaling matter for professional traders
22:38 What to do if you hate journaling
23:44 How your childhood affects how you trade
28:52 How can you turn your weaknesses into strengths in trading
30:42 How coaches keep successful traders successful
31:51 What are the advantages of a retail trader over professional traders
34:23 What it takes to migrate from bank trader to hedge fund trader
35:44 Where to find Andrew Menaker
#tradingmindset #tradingpsychology #tradingpodcast
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// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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5:03 - "Trading is not a way to make money its a vehicle for self growth" great that while growing you can also make some cash.
I must have pushed rewind about 30x during that interview. Tons of mic drop moments. Great questions from Etienne as well. I could listen to you too for 10 more hours.
I had to shut it off. I thought something was wrong with my bluetooth. Guess not. I'll just tough it out.
@@mmmbbq ok I
Me too
Hi Michael. Hope you are doing great. I am a struggling day trader .looking help from someone like you. Is there any way to connect with you? Please let me know. Thanks
I have been waiting for interviews like this - psychology is the number one roadblock you don’t even know you have to become a successful trader -
When you can identify precisely what “your“ trades are and separate from your emotion, your edge will beat the odds… Bravo
I'm glad this was useful, Ben!
Crete.... always follow your vids from Kenya. Good work bro
'Learning to tolerate discomfort ' is the key. Thank you for the great information shared.
The military man story about containing the risk was excellent way to view uncertainty and risk. Thank you! Thats gonna stick with me
Only 150 likes? This is incredibly valuable. Thank you both!!
I really like this "live journalling", in the moment with the market, reveals how we see the market and what's behind our trading (or non-trading) decision.
Trading is incredibly powerful tool for self growth...what an amazing statement.
Trading when stressed or distracted can lead to poor decisions. Only trade when you're focused and calm.
This is probably the best view I’ve seen on psychology 💯
I'm very glad to hear that :)
Psychology is a huge part of trading, I am great at getting good entries but holding trades is hard for me. If I hold a trade it will reverse on me, if I TP then the trade will run for days.
i feel you
Trading when stressed or distracted can lead to poor decisions. Only trade when you're focused and calm.
😂😂😂 trauma
probably going to watch this video multiple times, these interviews bend the learning curve.
Thanks E the psychological part of trading is just as important as the charts.
more important
This is the first video I see in this series where the interviewee gets more in depth into how the psyche of a trader can affect the dynamics of his relationship with the market. Very valuable information. Thanks.
Glad it was helpful! Thanks, Raymond!
💯💯💯💯💯
Thousands thumbs up! Really appreciate it. Thank you very much❣️
Great video / interview!
FULL of useful insights!!!!
Looking forward to more of your posts….
The biggest mindset in trading that most can't except u can do everything right and still have a loss because it's shades of gray
To avoid all of that is why I'm doing algos only.
Thank you for an excellent video.
I`m glad I found this interview, keep up the good work Etienne, I downloaded The Boom & Bust Cycle paper about a year ago, and it changed the way I look at myself and my relationship to the markets. That article filled a gap in my methodology and my account since ,is showing positive results. Cheers
That’s great to hear! I’m very glad you liked the interview!
That was the best yet.
Thanks Warren! Much appreciated!
Very insightful: paraphrase "trading can be a psthway to personal growth"
Good stuff! 5 stars all the way , thank you for the honesty!
Just found you today. Thank you for your really good videos and interviews.
My pleasure, Garreth! I’m really glad you like them 🙌
I love this interview.
great interview and insights
Fabulous Interview. Thank you Erienne and Andrew!
Amazing interview.
Valuable interview. Took lots of notes. Thanks to both of you.
great interview
This is a gem. I will probably watch this a few more times in the years to come.
Very glad to hear!
Brilliant 👏🙌👌👍 Thanks for this knowledge 📚 sharing
Great Interview!
that was very helpful....👍👍👍👍
Wow, I've been trading successfully since 1998. I'm an Economist and particularly good at modeling not only the economy but also the markets' structure. I found this video by accident, and I have to say I watched it five times before taking a break. I never, ever watch trading videos. This video is a KEEPER. It is clear, actionable, and if anyone listens to it, and follows the advice they will find their trading will improve. My nearly 30 years screamed "where was this when I started"!
Awesome!! Keep crushing it 💪
very helpfull video
What a joy to gaining money with your strategy... It works every time for me
When you invest, you're buying a day you don't have to work
I'm going to rewatch this after every account blown for a greater impact.
Great insights on ego and making profits in the markets.
quality content right here
Great insights here!
What many people dont do in trading is adding position when the trade on your side . My win probability is only 40% but r:r of 1:3 but i make it bigger by adding more position inside the trade .
06:40 I agree with him so much on this. I started trading to improve my mental health and its going sound :)
Thank you sir you are great
I liked this conversation.
Glad to hear that!
Love this guy. Great stuff
Much appreciated!
Great vid my man!!
Glad you liked it!
This is gold
Thanks dear ❤🎉❤🎉
Your interviews are amazing! I’ve come to end of a profitable year and I did all this mental work with the guidance of Stacey Burke. He has a TH-cam channel and he was a professional athlete but some of the best information I’ve gather from him was based on psychology and mental preparations.
This is good
Terrific video / content with Dr Menaker : thank you Etienne & Dr Menaker ..I agree :" self growth is a by product of trading",has to be if you do it long enough .. not many people have to check themselves and say to oneself " hang on here , you need to address this " etc..I no longer mind being wrong short term ..what is still a struggle is the fear of loosing too much or not managing it right ..studying maths & statistics helped me a lot ..when you design programs you don't put so much "ego/ importance" on one single trade/data point ..you need a a whole series of trades /data etc..to start having an "opinion" ..trading can be painful , whipping ourselves for X and Y
Trading when stressed or distracted can lead to poor decisions. Only trade when you're focused and calm.
Andrew is great. Valuable,thanks
Great interview!! 🔥🔥
Right on
Beautiful
Not trading is trading!
Do you even have time to trade? Could you show us some trading vids pls would be cool to see how you think looking at charts :) always learning
Yeah I used to do more chart videos because they don’t get many views. Looks like people want to see interviews instead. I’d love to get some more thoughts!
@@DesireToTRADE You might also want to consider going live on YT sometimes when trading.
Legit Coach💰
PLS SHARE THE WEBSITE OF ANDREW MENAKER
Thousands thumbs up! Really appreciate it. Thank you very much
Glad that was useful!
Good points but me keeps saying “you know?” No I didn’t know.
Guys,invest in discipline before you start trading and you will see growth in your forex trading.
all emoations are removed by proper stop loss :) thats it.
Best
start trading with a stable mindset, fadhillah ahmad also teaches the material in clear forex nfc.
Wow, this fighting against authority is one of my weakeneses.
Great contact but hey buddy you got to slow down your talk your way too fast I want to listen but it's hard slow down please
Thanks for your feedback!
@@DesireToTRADE -- Yes, Dr. Menaker insighful on psychology is a gem; I really appreciate this interview but please slow down your talk: hopefully the transcription helped me. :)
"I'm limiting how many retail traders I'm taking on" while clearly promoting himself in this video to get retail clients is a red flag.
It’s not a red flag. Everyone has a limited number of hours per day. Andrew has some institutional clients too and might prefer working with them instead.
@@DesireToTRADE I could be wrong but I gathered him going on your interview was a way to promote himself to retail, because there are likely better ways for promoting to institutional traders, and him repeating that there were limited spots just sounded like a bad advertisement and disingenuous at the same time.
Dude In the white shirt slurs words like drunk 🎉
hey i love trading too. but let's not compare the market with the Lord ;p Praise Jesus.
I’m of
how can i reach him?
Havy79 VlA Te le gr am.....📧✅
@@Jeodan89 Thanks for the insights and recommendation👍
🫡🫡🫡🫡🫡
These are golden nuggets. ThNk you! 🎉🎢🇨🇦
My pleasure!