What do your trading system rules accomplish? Should you follow a successful trader, just duplicate what works? What does a buffet have in common with a successful trader’s strategy? What can we learn from successful traders who adopt completely different approaches to profitable trading? Why do some cancer patients die, and others survive? (And does this mean you should be careful when choosing a doctor?) What does the “God Complex” have to do with trading? 

In this episode, Darren and Walter tackle the (sometimes complex) relationship between your trading beliefs and your trading success.  

http://media.blubrry.com/2traders/content.blubrry.com/2traders/2Traders_-_EP14_Your_Trading_Beliefs.mp3

Download (Duration: 29:28  / 33.7 MB)

In this episode:

01:36 – beliefs

04:45 – the big danger

06:47 – Darren’s trial & error

07:40 – the Buffet theory

10:42 – do elements of strategy control the market?

12:27 – a little bit crazy on the charts?

13:57 – beliefs and strategy

15:45 – cancer patients and doctors

18:50 – the kicker

19:58 – position of authority

21:21 – the accountant’s warning

23:45 – it’s not just you

24:30 – a loner

26:21 – important considerations

Tweetables:

Trading rules are designed to manage the Trader, not the market. [Click To Tweet].

Opportunity exists in the market simply because price moves up and down. [Click To Tweet].

When it comes to trading, your beliefs determine how you trade. [Click To Tweet].

Download The Full Episode 14 Transcript Here

Walter: What you do as a trader in setting up your trading and your rules is designed to keep you from blowing up your account, to keep you from doing something crazy, to keep you from doing too much too quickly.

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

Walter: In this week’s episode of the podcast, Darren and I look at beliefs. How do your beliefs determine your trading outcomes? Is it that you’re actually believing in the wrong thing, or is your focus in the wrong spot? We’ll also look at how the beliefs of others around you may significantly affect your trading outcomes. This may actually blow you away. It certainly blew me away and we look forward to sharing this with you and more in today’s episode of the 2Traders podcast. Hey, Darren. Welcome back to the podcast and I hear things are going well in your corner of the universe. How are things going?

Darren: Yeah, yeah. Really good. Great week trading. I’ve been down in Spain a little bit.