From Emotional Turbulence to Trading with Composure · Yvan Byeajee
EP 252 | From Emotional Turbulence to Trading with Composure | Yvan Byeajee
Growing up poor with learning difficulties, Yvan Byejee’s early trading failures drove him to understand his own emotional turbulence and instability in the mind through deep inner work. With a heightened sense of mindfulness, he embraced uncertainty and became systematic in his trading to develop an edge.
Yvan discovered trading in the late 90s and has been trading for a living since 2006. He struggled and failed his way to eventual consistency and market success over time. He’s the man responsible for the creation of Trading Composure, where he generously shares with traders all over the world his knowledge, experiences, and wisdom of the inner game of trading.
This is not your typical trading psychology discussion.
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Topics & Timestamps:
Please note: Exact times will vary depending on current ads.
0:01:58 Background
0:04:36 Risk taking type of person?
0:05:55 When he started trading
0:07:04 What drove Ivan to study the psychology of trading
0:08:10 Consensus is always wrong? A contrarian trader?
0:09:16 Embrace uncertainty
0:15:51 Taking a position changes one’s psychology
0:20:16 How does uncertainty connect to fear of losses?
0:24:20 Perfecting your strategies through small bets
0:26:03 Wouldn’t loss aversion spur traders to cut loosers quickly?
0:29:31 Follow a rule based approach
0:31:26 Cultivating emotional stability
0:34:26 Without mindfulness, are we puppets of our emotions?
0:39:18 How does equanimity apply to trading
0:41:23 Do traders with high EQ have an edge?
0:42:16 What the mind wants in the moment
0:44:09 Optimizing position sizes for your psychology
0:47:18 Why accountability is important
0:50:16 Why don’t beginning traders focus on psychology?
0:53:46 A constant battle with one’s psychology?
0:56:03 Which area is most challenging for Ivan?
0:57:45 Final thoughts for beginning traders
1:00:33 How to reach Ivan
See more show notes here:
chatwithtraders.com/252
Links & Resources:
- @TradingComposur [twitter]
- Nicolas Darvas “How I Made 2 Million Dollars in the Stock Market”
* NEED ACCOUNTABILITY IN YOUR TRADING JOURNEY? LEARN ABOUT THE TRADERS ACCOUNTABILITY PROGRAM BROUGHT TO YOU BY THE CWT COMMUNITY: community.chatwithtraders.com/
DISCLAIMER:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
#tradingpsychology #systematictrading #tradingmindset #daytrading
Пікірлер: 47
One of the best interviews for me so far. This is where the rubber meets the road.
SO excited for this one...been following trading composure for a while and never knew who it was!!!
Really helpful interview. Yvan has a unique perspective on trading that I resonate with.
Lovely episode. I could listen to Yvan the whole day. Love his work.
Exceptional overview
1. Anything can happen: Have Zero expectations. It only takes one trader to negate a positive outcome of your edge. Any expectations cause conflict within us. 2. You don’t need to know what is going to happen next to make money: The odds are in your favor before you put on the trade. It's a probability game when concepts like right and wrong or wins and loss no longer have the same significance. Your expectations will be in harmony with the possibilities. Head and Tails...EVERY LOSS PUTS YOU CLOSER TO A WIN 3. There is a random distribution between wins and losses for any given set of variables that define an edge: If every loss puts you closer then you have no fear carrying you into the next trade, don't let fear and hesitation make the decision, don’t be on autopilot, be a decision maker. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another: use it as an indication, don’t add random variables to your trading system. 5. Every moment in the market is unique: The best Traders have trained their minds to believe in the uniqueness of each moment. The Stronger you believe in the essence of the moment the lower your potential to associate. The Lower your potential to associate, the more open your mind will be to perceive what the market is offering you from its perspective. - Long-term Survival is critical! Outlast your enemy.
@felipe5955
Жыл бұрын
RIP to the great Mark Douglas
@inthezone2023
Ай бұрын
May his soul Rest in Eternal Peace. Mark Douglas
Amazing truly amazing channel. Thank you for taking the time and sharing such value !
Thank you
Really awesome interview
That's a lot of uncertainty! :D
@jonagnew4674
Жыл бұрын
I'm under the impression you need to get comfortable with it.
Amazing interview.. thank you for this
Trading in the Zone
4th time listening so many gems 💎
I admit when he first started speaking I wasn't sure I would sit through the whole episode. That changed real quick. Thanks for this episode and kudos to Yvan for being such an effective communicator!
Good General 1. Tharp Concepts / Psychology 2. Position Sizing / Heuristics, Cognitive Biases, & Logical fallacies
Thank you, this was worthy it.
Good interview!
Wow, this is awesome episode ...
Great interview ,I follow Yvan on Twitter and he is consistent with his message
the psychological core of trading is kinda depressing, in all honesty, its hard to love
This and the episode with Sunny were phenomenal. I have one bit of feedback. I would love to see more regular stock trading podcasts as opposed to options and quant trading etc. A good mix would be ideal.
You have to be at a certain stage in your trading career to really appreciate this interview. Pure gold
SUPER
@0:56 she describes my trading
Where is Mr. Aroon Fifield? His interview was excellent. Very very experienced interviewer.
Hello brother. I am learning from you. You are good teacher. I am buying fundednext account but not sure if evaluation or express is good? help me please
Thank you so much for this interview, I am more than blessed by this❤
41:49
ASMR Trader
Hi Ian , mind to ask where is Arron ?
@nicholasbradburn9492
Жыл бұрын
Aaron retired from the podcast a few months ago after running it for 7+ years to spend more time with his newborn and focus on his trading.
@Felixkoifish
Жыл бұрын
@@nicholasbradburn9492 Thanks for your reply .
Is this guy saying that the market is uncertain?
@Alem_Mehari
Жыл бұрын
He’s saying uncertainty consistently engages traders emotionally, although most are not intuitively aware of the link. He’s saying forming well thought out rules, managing emotions and finding the right balance between these is what disciplined and “consistent” traders do.
To be systematic and disciplined is exactly what works. Took me years to understand that.
Got no problem with her voice but it distracts me, to be honest.
@qc8227
Жыл бұрын
how so?
@transcedence9624
Жыл бұрын
I think the cause of that distractions is in your mind
@transcedence9624
Жыл бұрын
You have no problem with that but still hinders you. Its all simply informations bugging you. You must have to fix that to enhance your focus
@markcamilovic8872
Жыл бұрын
She sounds like an amazing person with a pure heart and a good character with good intentions. You probably have been conditioned to connect her voice with something other than her true character. So that is something you have to work out.
Hi everyone. i learn alot from you. i am a vwap trader. means only vwap nothing else in my life. i just want to know one thing, if i trade with vwap should i follow trailing stop-loss or i just get out from trade below vwap. that it i want to know. thanks you in advance MR, Yvan answer me or any other trader. @chatwithtraders @ChatWithTradersPodcast