Trading Psychology: The Think Profit Podcast

Loses are a part of trading, but they can be hard to be OK with. Learn how to overcome this issue and not fall into common traps. The post How to Accept Trading Losses // Ep. 121 appeared first on Think Profit Podcast.

Some new traders think that they need more confirmation when trading a small account. Here's what our experience has taught us. The post Should You Have More Confirmation When Trading a Small Account? appeared first on Think Profit Podcast.

Learn why the idea of being an expert trader might be overrated and what you can do instead. You don't have to be an expert to make money. The post How to Become an Expert Trader // Ep. 119 appeared first on Think Profit Podcast.

 In This Episode How to avoid FOMO Why you should test on a long timeframe What you can learn from casinos Tips for Following Your Trading Rules The hardest thing in trading is following your trading rules. It's easy to move your stop loss, take trades that aren't part of your plan and take […] The post How to Stop Breaking Your Trading Rules // Ep. 118 appeared first on Think Profit Podcast.

We break down why traders don't follow their plan and give you specific methods that will ensure that you follow your trading plan. The post The BIGGEST Reason Traders Don't Follow Their Trading Plan // Ep. 117 appeared first on Think Profit Podcast.

Trading in a group may seem like a good idea because you can keep each other accountable. But it rarely works. Learn why here. The post Risks of Trading in a Group // Ep. 116 appeared first on Think Profit Podcast.

Walter talked to a hedge fund programmer and this is the type of trading strategy that the programmer told him is the easiest to code. The post The Easiest Trading Strategy to Code (According to a Hedge Fund Programmer) // Ep. 115 appeared first on Think Profit Podcast.

A trader wrote in and asked how to have more patience in trading. We think he might actually need something else. Learn what it is here. The post Do You Really Need More Patience in Trading? // Ep. 114 appeared first on Think Profit Podcast.

Learn how to manage key decision points in the process of trading. Also hear a simple method of releasing psychological capital. The post Dangers at the Biggest DECISION POINTS in Trading // Ep. 113 appeared first on Think Profit Podcast.

Learn what we think is important when trading fundamentals. This is also known as news trading. Also get the benefits and downsides. The post How to Trade Fundamentals // Ep. 112 appeared first on Think Profit Podcast.

Learn the benefits and downsides of trying out for a prop firm. There is a specific method to passing the test, which we share here. The post How to Get Funded by a Prop Firm // Ep. 111 appeared first on Think Profit Podcast.

Emotional trauma is often an under-examined area of trading psychology. Trauma that's affecting your trading might not be what you think. The post How Past Emotional Trauma Can Impact Your Trading // Ep. 110 appeared first on Think Profit Podcast.

Confirmation bias can be very dangerous in trading. Everyone has it. Learn why and how to overcome your biases. The post How to Beat Confirmation Bias // Ep. 109 appeared first on Think Profit Podcast.

A trader asked a question about trading pullbacks in a trend and if that is a good idea. We give our opinions and what to be aware of. The post Should You Buy the Dip? // Ep. 108 appeared first on Think Profit Podcast.

Backtesting is a tremendously valuable tool for testing a strategy and developing confidence in it. But it's very easy to do it wrong The post Avoid These Common Backtesting Mistakes // Ep. 107 appeared first on Think Profit Podcast.

Some traders think that you don't need to backtest if another trader is already trading it successfully. We break down that faulty logic. The post Why Backtesting is Vital to Success in Trading // Ep. 106 appeared first on Think Profit Podcast.

We have been trading for awhile and have met many successful traders. Find out the traits of the most confident traders we have met. The post These Traders Have the Most Confidence // Ep. 105 appeared first on Think Profit Podcast.

Walter traded a large account with a grid trading strategy. Find out how he did it, his results and what he learned. The post The Reality of Grid Trading With Big Money // Ep. 104 appeared first on Think Profit Podcast.

There are certain signs that we've seen over the years that tells us if someone is meant to be a trader. Learn what they are here. The post Are You Meant to be a Trader? Here's How to Tell // Ep. 103 appeared first on Think Profit Podcast.

Switching timeframes can change your trading strategy dramatically. Learn when we think it's a good idea to switch and when it isn't. The post Should You Switch Trading Timeframes? // Ep. 102 appeared first on Think Profit Podcast.

We sit down and discuss how effective Elliot Wave Theory is in real-life trading. Find out what we think works. The post Does Elliot Wave Theory Work? // Ep. 101 appeared first on Think Profit Podcast.

We sit down and talk about the psychology and mechanics behind the gold and silver markets. Find out what we have discovered. The post The Psychology Behind the Gold and Silver Markets // Ep. 100 appeared first on Think Profit Podcast.

A growth mindset is one of the requirements for learning anything, especially trading. Learn how to develop this mindset with these tips. The post Growth Mindset Tips for Traders // Ep. 99 appeared first on Think Profit Podcast.

Learn our trading psychology checklists and why we have designed them that way. Get ideas for creating your own checklist. The post Trading Psychology Checklists We Use Before Trading // Ep. 98 appeared first on Think Profit Podcast.

We discuss the pros and cons of trying to increase the win rate of a trading system. Sometimes you should not try to increase the win rate. The post What if the Win Rate of My Trading System Isn't High Enough? // Ep. 97 appeared first on Think Profit Podcast.

There isn't one best way to exit a trade. Learn how to figure out which method is best for your trading personality. The post What is the Best Way to Exit a Trade? // Ep. 96 appeared first on Think Profit Podcast.

This is the most underrated key to success in trading. Learn how to keep good records and why it's so important. The post Trading Record Keeping is the Missing Link to Success // Ep. 95 appeared first on Think Profit Podcast.

Some people think that you have to have natural talent to be a successful trader. Others think it's work hard. Find out what we think. The post Is Success in Trading Determined by Genius or Hard Work? // Ep. 94 appeared first on Think Profit Podcast.

Learning to be a trader is like mining for gold. You have to do your homework, pick a spot and measure your results.  The post Trading is Like Mining for Gold // Ep. 93 appeared first on Think Profit Podcast.

Prospect theory causes you to get into bad trades, while hyperbolic discounting causes you to get out of good trades too early.  The post How Prospect Theory and Hyperbolic Discounting Lead to Trading Losses // Ep. 92 appeared first on Think Profit Podcast.

Listen in as we talk not only about personality tests that we have found useful, but we get into books and lesser known ways to find out who you are.  The post Personality Tests For Traders // Ep. 91 appeared first on Think Profit Podcast.

We give a trader our opinions and help you understand when you should take profits early, or let your trade run its course.  The post Breakeven Trader Question: How to Stop Giving Back Gains // Ep. 90 appeared first on Think Profit Podcast.

We break down how talk therapy can be used to help improve trading performance and when this type of therapy may not help you.  The post How to Use Talk Therapy to Take Your Trading to the Next Level // Ep. 89 appeared first on Think Profit Podcast.

We give our opinions on what we think of Bitcoin maximalists and what the future could hold in crypto, especially BTC. The post Bitcoin Maximalists and the Danger of Thinking in Absolutes // Ep. 88 appeared first on Think Profit Podcast.

We share our best tips for overcoming this swing trading mistake and help you understand why you might be doing it.  The post The #1 Mistake Swing Traders Make in the Forex Market // Ep. 87 appeared first on Think Profit Podcast.

A losing streak can be difficult to overcome because it can lead to negative emotions and mental errors. Find out what to track and how to mount your come back. The post How to Come Back After a String of Losing Trades // Ep. 86 appeared first on Think Profit Podcast.

Seeing rich people as evil is one of be biggest roadblocks to becoming a successful trader. Learn how to change that narrative in this episode. The post Money is NOT the Root of All Evil (But Are Rich People Good?) // Ep. 85 appeared first on Think Profit Podcast.

Fear and greed are the 2 primary forces that influence traders to make mistakes. Learn how to control your greed in this video. The post How to Limit Your Greed in Trading // Ep. 84 appeared first on Think Profit Podcast.

Learn the best options for exiting trades. The trick to figuring out which exit is best is to find out what is the most uncomfortable to you.   The post When to Take Profit in Trading // Ep. 83 appeared first on Think Profit Podcast.

One of the hardest situations to handle in trading is when you spot a potentially great trade, but you miss it...and it works out exactly as you planned. Learn how to handle that situation here. The post How to Handle FOMO (Trading Psychology with a PhD) // Ep. 82 appeared first on Think Profit Podcast.

We talk about when you should consider trading a demo account, a small live account or simply using a simulator. The post Is a Forex Trading Demo Account Best for Beginners? // Ep. 81 appeared first on Think Profit Podcast.

This is a big one for many traders, so we sat down to talk about the causes of fear and how to overcome them. The post How to Overcome the Fear of Losing in Trading // Ep. 80 appeared first on Think Profit Podcast.

Hypnosis is an often misunderstood tool that can be used to improve performance in any area of life. Learn more in this episode. The post Hypnosis for Trading: How to Use it to Improve Performance // Ep. 79 appeared first on Think Profit Podcast.

Regardless of how you trade, getting into the right mindset will greatly improve your chances of trading in a peak performance state.  The post Flow State Trading – How to Get Into the Zone // Ep. 78 appeared first on Think Profit Podcast.

In this episode, we talk about the different facets of game theory and how they relate to successful trading. The post Game Theory in Trading: How to Use it to Your Advantage // Ep. 77 appeared first on Think Profit Podcast.

Each trading market requires a slightly different psychology to trade it successfully. Listen in as we talk about what works in crypto and what doesn't.  The post Crypto Trading Psychology – Why You Should Think Differently About Cryptocurrencies // Ep. 76 appeared first on Think Profit Podcast.

In this episode, we go over a few simple ways that you can install positive thoughts into your subconscious brain.  The post Trading Affirmations: Different Ways to Install Positive Thoughts Into Your Subconscious // Ep. 75 appeared first on Think Profit Podcast.

If you haven't been tracking your trading results closely you might already be consistently profitable. Learn how to find out here. The post You Might Already be a Consistently Profitable Trader (advanced traders only) // Ep. 74 appeared first on Think Profit Podcast.

In this episode, we talk about the different methods of meditating and the different issues that meditation can solve. The post Trading Meditation: Techniques That Work for Us // Ep. 73 appeared first on Think Profit Podcast.

We both agree that the exit is an easier place to start when optimizing a system. Listen to the episode to learn why.  The post Why Your Trading Exit Strategy is More Important Than Your Entry // Ep. 72 appeared first on Think Profit Podcast.

Getting a good night's sleep is essential to performing well as a trader. Learn how to get better sleep and what works for us. The post What We've Learned About Sleep Quality: How to Optimize For Best Performance // Ep. 71 appeared first on Think Profit Podcast.