How do successful traders make better decisions - Matt Zimberg
ฝัง
- เผยแพร่เมื่อ 30 ก.ค. 2024
- How can traders make better decisions to improve their trading results?
In this episode, Matt Zimberg from Optimus Futures joins me to discuss decision-making, what traders do wrong, and how to be a more successful trader (and person) by making better trading decisions.
Here are some of the topics we discuss:
The importance of decision-making in trading,
Common mistakes traders make,
How traders underestimate “the game of trading”,
Filtering out bad trading information and training your brain to make good decisions,
The importance of learning about things outside the market,
The 3 main goals of successful traders,
Fear and euphoria, Contrarian trading, people who shouldn’t trade, and much more.
You can find more from Matt at:
Brokerage www.optimusfutures.com
Optimus Flow Platform optimusfutures.com/OptimusFlo...
Form community community.optimusfutures.com/
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
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* Timestamps *
00:00 Introduction
02:52 How important is decision-making in trading?
05:37 Common mistakes traders make
11:07 How traders underestimate “the game of trading”
17:40 The 3 main goals of successful traders
22:55 Filtering out bad trading information
25:35 Bad decisions vs losing trades
29:08 Training your brain to make good decisions
33:02 Learning from things outside the market
41:38 Capitalise on other traders mistakes
46:18 Fear and euphoria in the markets
49:50 Contrarian trading
52:03 Should poor decision makers even trade?
56:03 Where to learn more about good decision making
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Amazing insights from Matt in this one - what was your favourite?
- Experience traders can see what is a bull shit info tip and move on to somthing what give him good results.
- Learn from your trading journal what mistake dont do again but learn also from this good trades what to do more.
@@LukaszAdams - thanks for sharing!
Great interview please bring him back on the show.
love this one!
Thanks for recommending Brian!!
Glad you like it Brian!
brain would be an excellent guest 🍻
Thanks for recommending Brian
Great insights.
Many things that Matt says resonate with me. But I think my favorite insight is when he talks about writing more about your wins than your losses in your journal in order to train your brain.
For people like me who love spending hours adjusting the settings of their system, a losing trade is a blessing because it fuels their endless need of analysing what they could have done better.
So instead of focusing too much on what I could have done better in my journal, I'll start focusing more on the good things I could repeat.
Cheers from France,
Manu
thanks for sharing Manu!
Nice explanation
Thanks for the comment
Excellent episode! Thanks for delivering such high quality content Andrew.
I always enjoy listening to Matt's intelligent tips
Cheers Guy, some great insights from Matt!
Can you write the names of the book psychology that your mention in the minute 39:52 ?
nice!
ths stuff is good
cheers shahrukh!
Really good interview
cheers rigo
Not sure this is the right place but FYI your podcast feed is completely down (pocketcasts on android + embedded streaming player on website). Are you aware? I was binging a few days ago and then it all broke :(
hi @rak2yk, thanks for letting me know - I wasn't aware, I'll look into it. Thanks for binging! 🙂
I have been trying to gain profitability on ES Futures for 2 years now and it is brutally difficult.
Hello sir please make more vedios
and the author too
Skeptical about listening from a broker about how to trade successfully...Is he a successful trader as well ? If not, all this info is only hearsay and not reliable!
hey A, it's good to be skeptical about everything and everyone in this industry!
...so much of a talk but no conclusions, nothing to take home to.