Mind Over Markets: Trading Psychology Podcast

The Conviction Paradox: Why Letting Go of Control Creates Consistency


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If control in trading is an illusion, what replaces it? In this episode of Mind Over Markets, George Papazov introduces the “Conviction Paradox” — the surprising truth that letting go of control is what actually creates consistency.

You’ll discover why traders often confuse control with conviction, how conviction is built through repetition, adaptability, and self-trust, and how to install new beliefs that help you thrive in uncertainty.

Plus, George guides you through a powerful NLP exercise to anchor conviction before every trade.


Key Takeaways

  • Control is about prediction and forcing outcomes — conviction is about trusting your preparation, edge, and adaptability.

  • Many traders confuse control for conviction when they move stops, overtrade, or size up out of ego.

  • Conviction is built through consistent reps, flexibility in changing markets, and keeping promises to yourself.

  • Control chases certainty, but conviction thrives in uncertainty.

  • Anchoring exercises can hardwire conviction so you execute calmly and consistently without fear.


  • Episode Resources

    ⁠⁠⁠⁠⁠Download the Free PDF:⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠The 5 Most Destructive Loops in Trading — and How to Break Them⁠⁠⁠⁠⁠

    Leave a Voice Message:⁠⁠⁠⁠⁠ Ask a question, say hello or suggest a future episode on ⁠⁠⁠⁠⁠SpeakPipe⁠⁠⁠⁠⁠

    Rate and Review: If you’re enjoying the show, we’d love for you to r⁠⁠⁠⁠⁠ate ⁠⁠⁠⁠⁠us on Spotify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ or ⁠⁠⁠⁠⁠on ⁠⁠⁠⁠⁠Apple Podcasts⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

    Follow on Twitter: For daily mindset insights and trading psychology content, ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠follow me here⁠⁠⁠⁠


    Disclaimer:

  • Futures, options, and derivatives trading involve substantial risk and are not suitable for every investor. The high degree of leverage in futures trading can work against you as well as for you. Past performance is not necessarily indicative of future results.

    The information provided in this podcast is for educational and informational purposes only and should not be construed as specific trading, investment, or financial advice. Nothing discussed constitutes an offer to buy or sell any futures contract, option, security, or other financial instrument.

    You are solely responsible for your own trading decisions, and you should carefully consider whether trading is appropriate for your financial situation, experience level, and risk tolerance. Always consult with a licensed financial advisor, registered broker, or other qualified professional before making trading or investment decisions.

    While efforts are made to present accurate and timely information, the host makes no warranties or representations regarding the completeness, reliability, or accuracy of any information presented and assumes no liability for any losses that may arise from reliance on this content.

    By listening to this podcast, you acknowledge and accept these risks.

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    Mind Over Markets: Trading Psychology PodcastBy George Papazov

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