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EP13: Death and Trading
According to Ernest Becker, and a few rogue psychologists, death is the prime motivator in your life. So, what does this mean for your trading? How do you change your behavior once you consider the inevitability of your own demise? The answers may shock you. In this episode, Darren and Walter jump into Terror Management Theory, and apply the principles of this theory to trading, because you simply must consider what the primary motivation in your life (death) is doing to your trading… and any other aspect of your life.
http://media.blubrry.com/2traders/content.blubrry.com/2traders/2Traders_-_EP13_Death_and_Trading.mp3
Download (Duration: 32:56 / 37.6 MB)
In this episode:
03:29 – seasonality?
07:20 – your wedding day
08:44 – motivation of fear
09:59 – the anti-smoking guy
11:34 – most interesting thing in Psychology
13:17 – mortality salience
14:58 – mortality is a big thing
18:30 – summer olympics
19:38 – high and low self-esteem
20:32 – 9/11 in New York
22:06 – Anthropologist Ernest Becker
24:51 – shooting in the US
29:03 – issues with money
31:06 – Ernest Becker’s 1973 Pulitzer Prize Winning Book
Tweetables:
The biggest fear according to Terror Management Theory is the fear of death. [Click To Tweet].
A lot of what we do in everyday life is a way of hanging on to immortality by proxy [Click To Tweet].
Once we start thinking of the fact that we’re going to die it really does change the way we behave. [Click To Tweet].
Download The Full Episode 13 Transcript Here
Walter: Once we start thinking of the fact that we’re going to die, it really does change the way we behave, and we might not even be aware of it.
Announcer: Two traders, Darren and Walter pull back the curtain on profitable trading systems, consistent money-management, and profitable psychological triggers. Welcome to the Two Traders Podcast.
Walter: In this episode of two traders Podcast, Walter and Darren talk about arguably the most important motivation in your life, which is the idea of death. We’ll explain how this may be related to your trading and what you can do to manipulate your thoughts about death to actually improve your trading. All this and more in the Two Traders Podcast. Welcome, Darren to the Two Traders Podcast. I understand things are going well in your corner of the world.
Darren: Yeah, everything’s really good at the moment. Trading’s good, feeling’s all positive. I can’t really find any negatives at the moment.
Walter: Brilliant.
Darren: What about you?
Walter: Oh, yeah it’s great.
View all episodes
By Walter PetersAccording to Ernest Becker, and a few rogue psychologists, death is the prime motivator in your life. So, what does this mean for your trading? How do you change your behavior once you consider the inevitability of your own demise? The answers may shock you. In this episode, Darren and Walter jump into Terror Management Theory, and apply the principles of this theory to trading, because you simply must consider what the primary motivation in your life (death) is doing to your trading… and any other aspect of your life.
http://media.blubrry.com/2traders/content.blubrry.com/2traders/2Traders_-_EP13_Death_and_Trading.mp3
Download (Duration: 32:56 / 37.6 MB)
In this episode:
03:29 – seasonality?
07:20 – your wedding day
08:44 – motivation of fear
09:59 – the anti-smoking guy
11:34 – most interesting thing in Psychology
13:17 – mortality salience
14:58 – mortality is a big thing
18:30 – summer olympics
19:38 – high and low self-esteem
20:32 – 9/11 in New York
22:06 – Anthropologist Ernest Becker
24:51 – shooting in the US
29:03 – issues with money
31:06 – Ernest Becker’s 1973 Pulitzer Prize Winning Book
Tweetables:
The biggest fear according to Terror Management Theory is the fear of death. [Click To Tweet].
A lot of what we do in everyday life is a way of hanging on to immortality by proxy [Click To Tweet].
Once we start thinking of the fact that we’re going to die it really does change the way we behave. [Click To Tweet].
Download The Full Episode 13 Transcript Here
Walter: Once we start thinking of the fact that we’re going to die, it really does change the way we behave, and we might not even be aware of it.
Announcer: Two traders, Darren and Walter pull back the curtain on profitable trading systems, consistent money-management, and profitable psychological triggers. Welcome to the Two Traders Podcast.
Walter: In this episode of two traders Podcast, Walter and Darren talk about arguably the most important motivation in your life, which is the idea of death. We’ll explain how this may be related to your trading and what you can do to manipulate your thoughts about death to actually improve your trading. All this and more in the Two Traders Podcast. Welcome, Darren to the Two Traders Podcast. I understand things are going well in your corner of the world.
Darren: Yeah, everything’s really good at the moment. Trading’s good, feeling’s all positive. I can’t really find any negatives at the moment.
Walter: Brilliant.
Darren: What about you?
Walter: Oh, yeah it’s great.