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In this episode I had the opportunity to deep dive into the topic of developing the ideal trading mindset with Rich Friesen.
Rich brings a deep wealth of knowledge to the table drawing on his many years as a broker, floor trader, financial software developer and entrepreneur.
Now he works with financial professionals, independent traders, business leaders and entrepreneurs who want to expand their mental game to make more consistent profits.
In the show we talk about -
- How most of us grew up in what Rich describes as the two-storey nut house and how that affects our beliefs and behaviours
- Rich describes to us what a NEME is (or a neuro meta structure ) and how we use NEMES as the lens in which we perceive the world and support our beliefs
- Why suppressing feelings and emotions is simply stabilizing a system that will not deliver the benefits that we want.
- and why he believes the more integrated path forward is to look for ways to constantly create rapport within ourselves
- Why the path towards creating a better trading mindset is through the "Triple A’s" – Awareness, Acceptance and then Action
- Rich shares an exercise on how to create a technical indicator of your internal / physical states
- How this exercise not only improve your awareness but just like any technical indicator it tells you whether you should be trading or not.
- Rich answers the questions on whether all traders come to pre-loaded to trading with emotional baggage
- Why you need to beware when a trading coach tells you that you need more discipline.
As always you can find the show notes, transcript, and resources @ thetradingedge.org/episode10 |