Mental game lessons, from world champion poker coach-Jared Tendler
ฝัง
- เผยแพร่เมื่อ 20 ส.ค. 2016
- EP 086: What traders can learn about mental game, from world champion poker coach-Jared Tendler
Jared Tendler is an internationally recognized mental game coach. His clients include world champion poker players, the #1 ranked pool player in the world, professional golfers, and more recently, traders too.
If Jared was to summarize exactly what he does (and what he specializes in), it would be; removing negative and excessive emotion from decision making.
So naturally, this serves as the underlying theme throughout our conversation, but we also discuss higher-level topics like; variance, the major crossovers between high-stakes poker and trading, how psychology has been oversold and when it really matters, plus how to identify various types of “tilt.”
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LINKS
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· More interviews: chatwithtraders.com
· Free resources: chatwithtraders.com/resources
· Sponsored by Technician: technicianapp.com/
· Twitter: / chatwithtraders
· Facebook: / chatwithtraders
· Instagram: / chatwithtraders_
· Soundcloud: / chat-with-traders
· Stitcher: www.stitcher.com/podcast/chat-...
Tendler just published a super book: "The Mental Game of Trading: A System for Solving Problems with Greed, Fear, Anger, Confidence, and Discipline"
you all probably dont give a damn but does anyone know of a way to get back into an Instagram account..?
I was dumb lost the login password. I would appreciate any assistance you can offer me!
I applied everything Jared says here on (Poker and Trading) to my general betting and it's the most valuable thing I have read. Brilliant listen, thank you Jared and "Chat with Traders"
what a bliss this video is
One of my favorite interviews on this subject. Thank you Jared And Aaron !
Everything that Mr. Tendler is talking about can be stored by keeping a trading diary. I've just done it myself for a month and a half and I sorted all my trading-related psychological issues. When you do the diary you can go back and simply look at your emotions as "data" and simply fix it with solid logic. The main problem with emotions is that we very quickly forget all the details about them and that's where the diary comes in. Almost the same as what he's talking about.
His book is a free treasure for traders😊
Jared’s mental game concepts and application have been super helpful in my trading so far. Awesome episode!
What a great interview. That emotion is also why you can be a master at paper trading but once you are short 5k shares with your own money and you see a little draw down, you panick.
+ashurafreedan, true!
and are unable to cut it like you should cuz the loss paralyses you
How much practice did you get in though? Do you have enough trading capital, and are you confident with your risk? You need ALL of these factors to work in tandem.
This lesson is very edgy. I really liked it. We have to know how to steer our own lower heart, so that the higher heart of us can come out to play.
Why isn’t Aaron the host of these podcasts anymore?
Trade journals are great ways to evaluate and find bad trading habits!! Helps avoid mental stress while trading.
I got a squeezeball and a fluffy cat for that
This is a great podcast 😊 Well done 👌👌
Love this Channel! :D
I love your videos thank you for what you're doing
Great podcast!
Tons of value in this one
Having had success at both, Poker is a harder game imo than trading in trading you can predetermine the loss and profit target, and you always get to see the result. In poker you can get forced to fold your hand and even get bluffed against
Great
General
1. Psychology; Peak performance
2. Market Structure; ideas, understanding, principles
Great interview Aaron
Very honest answers.
Great interview. Risk management in trading and poker is virtually identical. For instance if you play poker tournaments, your bankroll should allow for at least 50 buy-ins; so each tournament, you would only risk 1-5%. I trade Forex and most of my trades are around 2-3% and I don't thrive, but I do survive... If you go to big, you will blow your stack in either universe. Follow the law laid down by the risk management Gods: DON'T BE GREEDY.
great interview. 5 Star
Awesome interview!
+Navyflyer75, much appreciated.
Just awesome! thanks for this vid! btw what about an episode with anton kreil?
Very helpful.
Super.
My mental game sucks... always want just a little bit more or just a little bit less, can't just accept what is in front of my eyes and make the immediate optimal decision.
Your more ahead than most...YOU ACTUALLY know your problem...
This means your one step CLOSER to a solution
Cheers
--Alexander
love the book
which book?
Love ya chat, not to soure of the pod
Very interesting
+Alexander Cali, pleased to hear it!
AA is the best starting hand. Straight flush is the best 5 card hand. AA is medium strength as a 5 card hand.
The tilt threshold talk may be heightened levels of cortisol from playing at night.
the entitlement thing in the video game world is called being salty. and its basically from losing to people who you underestimate.
niiiiiiiiiiice...........
Great interview !!! learned a lotttttt
+DJ Joune, I'm glad you learned heaps. As you could tell, Jared is super knowledgeable in this area.
Is there ever going to be anything with forex traders? Seems like most are stock traders only, unless I'm missing some
+kano b, I guess most of the interviews are with stock, futures, and options traders, but there are also some forex traders in the mix-even a bitcoin trader. I do have another episode with a forex trader coming out soon.
What is the name of the site Aaron mentioned at the start. I heard technician....com
+Ellis Russell, here's the link: technicianapp.com/
Hey Aaron, would love to speak to you about Jonas Gjelstad who is a formed high-stakes poker player and now professional odds trader. We did a short documentary on how we tuned £10K into over £1,000,000 in 12 months by "odds trading". Essentially comparing various markets and detecting anomalies and exploiting profitable opportunities. Let me know if you're interested in learning a bit more. Love the show!
45:00
Can u redue the length of videos?
uzybkosc 1.25
Psychology in trading makes only 5%??? That's the first
Listen again, thank me later ;)
(around 1:10:00)
Good luck and good trading!
Until 1:15:00
Wow he got an undergrad degree in businness and an undergrad degree in psycology and a masters degree on top of that? Must be a genius or something. How long dos all of that take?
6 - 7 years. Double majors are fairly common. I did Physics and Business for my bachelors. A lot of my friends did Physics and Math double majors, and Masters in Physics in 6 years flat.
I don't think he says he did a double major, at 4:00 he says he did a second undergrad degree in psychology on top of his business degree.
I want to marry this guy.
Good chat. However, Jared, ironically, doesn’t come across as a skilled poker player. Maybe he’s focus is psychology.
How did you come to that conclusion?
@@gappuma7883arfa is a skilled poker player who made a killing by playing poker
An ""unusual"" interview. Basically, analyze your own emotion - or suffer the financial consequences.