As children, we were taught by our parents to always follow the rules because they are going to get us to where we want to be. But did you ever think that maybe some rules are not really meant to be followed? In this episode of 2Traders Podcast, Walter and Darren talk about the importance of market perception and its relevance to your trading behavior, learning to trust your instincts, and how your trading system should be based on one key word: personality.

Also, Darren and Walter touch into answering a common question: Do I need to be very smart to become a successful trader?

Download (Duration: 16:58 /19.4 MB)

In this episode:

01:01 – how big is the universe?

03:29 – one simple idea

04:19 – a different point of view

05:45 – how do you keep track of it all?

07:06 – it’s like a videogame

09:05 – just question your trading

12:03 – a definitive answer

13:57 – a negative element

16:14 – what affects decision making?

Tweetables:

The real discoveries are made by those who don’t follow the rules. [Click To Tweet].

Sometimes, it’s just how you perceive the market. [Click To Tweet].

There is no magic key. You have to learn to deal with the negatives. [Click To Tweet].

Download The Full Episode 44 Transcript Here

Walter: When you are thinking about your trading, don’t just restrict it to trading. Look at other fields, look at other things. What do they do in psychology? What did they do historically? Like for example, you can look at history and see…

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: Welcome to the Two Traders Podcast. Walter here and I’ve got Darren on the line. Darren, you have really an interesting topic for us today. I’m actually looking forward unpacking this because I don’t know where else it’s going to go. Let us all in on exactly you’re thoughts in terms of this.

Darren: I was watching the story of how we are able to measure the universe now. Apparently, now we’re at the stage where we can pretty accurately measure how big the universe is. As I was watching this, what was interesting was, from some sort of the 1700’s — along the way, we’ve made just key discoveries — or people have made key discoveries — that accelerates towards this understanding of the universe.

Obviously, it’s like a really, really complex question how big is the universe. What was interesting to me was that, these key people who’ve made these discoveries as we’ve gone along the way, they’ve done it by breaking the rules.

Each day is kind of an understanding of the rules of what we know. Each of these people have been able to apply original thought to that. In effect, they kind of ignore what is the status quo and think outside of the box.