Do you ever find yourself constantly wanting to buy more things, even though they don't really add value to your life? It's a common struggle that many of us face in today's consumerist society. But did you know that this same mentality can also affect our trading strategies?

Today, we delve into the Costanza Theory and how it relates to our trading struggles. We also explore how the "supermarket mentality" of always wanting more can cross over into the trading environment and impact our decisions.

One common issue that many traders face is the fear of losing their gains when a trade goes into profit. But did you know that only 5% of traders actually make all the money?

Ultimately, controlling our minds and emotions is key to achieving success in both trading and life. So, if you're looking to improve your trading strategy and gain control over your finances, you won't want to miss this episode.

Trust me, you'll walk away with some valuable insights. So why not give it a listen and see what you can learn? 

If you’ve enjoyed this episode, don’t forget to like, share, and subscribe for more. 

See you on the next one! 

Episode Highlights:

• Welcome to The Trading Psychology & Mindset Podcast [00:00]
• Why are we so consumed with buying more of things reduced in price? [1:48]
• How the George Costanza Theory can be connected to addressing trading struggles [3:44]
• Getting the sense of fear of losing your gain when a trade goes into profit [7:45]
• Why do 5% of traders make all the money? [9:50]
• People should be hopeful about winning positions [11:15]
• When you control your mind you control your life [13:20]

Connect with Ash Playsted:

• Website: https://www.mindsetfitmethod.com/
• Connect with me on LinkedIn:
• https://www.linkedin.com/in/trading-psychology-master-coach/
• https://www.linkedin.com/company/the-mindsetfit-method/
• Follow me on Facebook: https://www.facebook.com/mindsetfitmethod
• Follow me on Instagram: https://www.instagram.com/ash_playsted/
• Follow me on TikTok: https://www.tiktok.com/@mindsetfitmethod
• Subscribe to my Youtube Channel: https://www.youtube.com/c/TradingPsychologyandMindset

See omnystudio.com/listener for privacy information.