Limit Up!
REWIND: Blowing Up a Trading Account with Trading Psychologist Dr. Kenneth Reid
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:47:25
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Sinopsis
Dr. Kenneth Reid remembers the first day he made $5,000 trading. That was followed shortly later with a day he lost $30,000, sending him down a spiral that eventually led him to lose $130,000 in the markets. As he dug deeper into the psychology behind his trading, he realized that he was trading in an addictive manner, without a well-defined written method. Now, Dr. Reid preaches deliberate trading practice that focuses on the process, not the outcome. If your process is good, the outcome will follow. [02:48] - Dr. Kenneth Reid background [05:59] - Finding the psychology connection [07:37] - What's your trading style? [09:25] - Why trading on a simulator is crucial [11:35] - Traders need a method that they can explain in 5 seconds [13:52] - Approaching sim trading to make it as real an experience as possible [15:16] - How to view sim trading as an experiment without getting frustrated [16:06] - How long should someone be in a simulator? [18:31] - Getting off on the right foot with a real money account [19:5