In this episode, Darren posts his trading stats over the last 100 trades and gets weird feedback from social media. We dive into why your account size may dictate how often you trade. Why if you focus on the reward-to-risk ratio, you may end up with trading burnout. You’ll hear about the Japanese cheesecake in this episode, and why “anchoring” leads to losing trading habits. Darren exposes the fascinating results of the elevator experiment, and you’ll see why comfort is so important to your trading. And you’ll get a great tip for controlling destructive trading urges.

http://media.blubrry.com/2traders/content.blubrry.com/2traders/2Traders_-_EP12_Comfort_Trading.mp3

Download (Duration: 39:56  / 45.7 MB)

In this episode:

02:22 – Darren’s trading results

04:59 – weird reactions from traders on social media

06:18 – traders missing the point

07:30 – frequency of trades is something that they do

09:00 – marathon

09:43 – male trader vs female trader

11:56 – expectation recipe

13:21 – doesn’t have to be fixed targets

17:23 – relying on your back testing

18:05 – priming

20:18 – terror management theory

24:13 – control your mistakes

25:45 – do you trade on holidays?

27:21 – do you have set hours?

28:40 – dentists have it bad?

31:50 – the stone mason

32:58 – what’s my daily plan?

35:32 – a trade outside of your rules

37:41 – Richard Dennis and William Eckhardt

Tweetables:

The danger with a high reward-to-risk ratio is you burn out. [Click To Tweet].

Focus on the entire trading recipe, instead of the win rate or reward to risk ratio [Click To Tweet].

The longer you go without making errors, the more startlingly obvious when you make one. [Click To Tweet].

Download The Full Episode 12 Transcript Here

Walter: In fact, some people tell you if you don’t win more often you’re not going to make money, which of course is not true at all.

Announcer: Two traders, Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the 2 Traders Podcast.

Walter: In this episode of the 2 Traders Podcast, Darren posts his last 100 trades on social media and gets really weird feedback. I talk about why your account size may dictate how often you trade. You’ll see why focusing on your reward-to-risk ratio may lead to trading burnout. We also jump into the interesting thing about sex and being wrong. I talk about the Japanese cheesecake and you’ll see how anchoring may lead to losing trading habits.