Trading Mindset Tips From The Expert - Andrew Menaker | Trader Interview
Ойын-сауық
In this Forex trading video, Etienne sits down with trading psychologist Andrew Menaker and breaks down trading mindset tips from the expert. Learn how to detach your self-worth from your trades and a lot more powerful mindset principles to improve as a trader.
Chapters:
00:00 Trading Mindset Tips From The Expert - Andrew Menaker | Trader Interview
00:28 Who is Andrew Menaker?
01:27 Seeking a psychology expert for trading
01:56 Training yourself to win trades
03:16 Duration of winning and losing
04:18 How to detach your self-worth from your trades
08:09 How your personality influences trading
10:14 What to do with personality traits hurting your trading
11:24 Training yourself to hold trades
13:21 How to create a strategy that works for you
14:27 The importance of trading psychology
16:06 Traders who don't believe in psychology
16:47 What helps improve traders who have been losing money?
19:18 Putting too many trades into a good process
20:31 Finding out what works best as a trader
21:29 "Your personality dictates your trading style"
22:29 Andrew's thoughts on focusing on one strategy
23:27 Advice on patience for trading
25:26 Trading on different days of the week
26:18 Getting the most of post-trade journaling
28:18 Benefits of pen-on-paper journaling
28:57 Pre-trade journaling tips
31:42 Andrew's advice on trading psychology
33:07 Difference between retail traders who get good results and those who don't
34:38 Traders' commitment to trading psychology
35:55 Where to find Andrew Menaker? (link below)
#desiretotrade #forextrading #traderinterview #andrewmenaker #tradingpsychology
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Andrew's website: www.andrewmenaker.com
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Пікірлер: 51
“THE INNER MARKET”… that was a WORD!!! ❤ he is so eloquent in describing the real struggles of traders
The only people that can predict markets to any accuracy, are the people that move them, everything else is hearsay, speculation, or luck. The only thing the retail investor or trader can control is how much liquidity he or she brings to the market, or not, and in the case of not bringing any liquidity, the market movers will just make things look so attractive that the average ego has no choice but to enter, which will result in getting lucky or realizing losses. There are no exceptions to this, and regardless of the dollar amount your parents expend on your economics degree or how many hours you spend stocking shelves at walmart won't affect these absolutes. Good "Luck".
@shriramoka
6 ай бұрын
Not true. Formula 1 drivers can handle speeds mere mortals can't. It's the same with TA. Those with high level of TA skill do generate better entries. Ofcourse trailing accuracy n trading is a different mindset. But good TAs lose far less than the herd. And it's got a lot to do with genuine skill at analysing PA
this guy is a gem in trading psychology
This guy is awesome!
Sound advice. Thanks for holding this interview.
@DesireToTRADE
Жыл бұрын
Thanks for watching!
Duration of winning an loosing trades was new to me. It is important to keep an eye on as well. !!! So thank you!
great video, ordered my trading log mid way thru interview 😊
Very good have to try it thanks
Another informative video thank you so much for this effort 🙏🙏🙏 I’m really struggling with my psychology but I will build gold mindset for trading
@DesireToTRADE
3 ай бұрын
I'm very glad this was useful :-)
The problem of strategies that doesn't occur often is not just waiting; there's a high chance of missing the pattern when it occurs because while waiting and nothing happens, they may leave to do something and the pattern forms at that moment when they're away.
I have only started watching n listening to some of the interviews you have done over the past month n this one stands out the most as it's helping me understand the dynamics that's trading comes with, like having trading goals like daily or monthly goals which mostly at the end of the week or Mondays mostly I loose most profits I have made throughout the week which Andrew made me understand that I should be making long term goals like achieving consistency in the long term n also journaling my trades as well as my feelings, I get agitated when I am not trading instead of waiting I just try to find a trade even though I don't see or have much reasons for entry I enter n end up paying for it with loosing but the most Iearned is understanding the type of trade I take from types he mentioned .. Just being me not trying to be someone else
@floydsmithjr7999
6 ай бұрын
I know that “Agitation”. I feel better losing a trade than not taking a trade at all, at least I can give myself credit for trying. But, sometimes the best trade is no trade. Pick your poison.
Excellent
Thank you both!!! ❤
This was a great insight
Bendiciones desde Puebla, México.
Nice one !!
excellent!!!
22:46 OMG! He explained what I’m going through to the T. I don’t why I always do that but I need help lord.
Thanks E great interview.
@DesireToTRADE
Жыл бұрын
Thank you for watching, Bruce!
@brucesmith6868
Жыл бұрын
@@DesireToTRADE you always have great interviews and content
Love from india brother thank you so much 😊😊
@DesireToTRADE
11 ай бұрын
Thanks for watching!
thank you Etienne
@DesireToTRADE
11 ай бұрын
Thank you for watching
This one was full of nuggets 👌
@DesireToTRADE
Жыл бұрын
Glad you liked it!
There’s so many variables premarket and pretrade during market. The problem is they end up contradicting each other. You can journal your trades, the problem there is the next time you run into that same situation it performs completely different. All you can do is execute your strategy. If it’s not working you may have to wait a day or two till it comes back around or have a different strategy for that kind of action. Expect nothing. It’s all about execution.
Thank you Man, the last video whit Andrew hellp me a lot 🙏🙏🙏
@DesireToTRADE
Жыл бұрын
Glad it was helpful!
This guy is gold !! ))
❤❤
🔥🔥🔥🔥🔥🔥🔥🔥🔥
Is PNL stand for profit and Loss
@DesireToTRADE
9 ай бұрын
Yes 👍
👍🏻👍🏻👍🏻
NEEED 2 VIDEO
The mental side of trading is the most important part of your stradegy. Emotional Turbulence
24:10
Is that a Québécois accent I detect?
@DesireToTRADE
3 ай бұрын
Absolutely 👍
Cool to hear the psychology but he doesnt sounf like he believes in technical. Guess he didnt succeed at that.