post

Trading psychology secrets | How to re-wire your brain to be a profitable trader



In a previous video, I said that thinking was an edge.

The psychology of trading is a really interesting topic and something I’ve spent the best part of ten years exploring in depth.

I started doing this when I realised that I could present people an opportunity on a plate, yet they wouldn’t take it. I also spotted that people often got themselves into a right mess in situations that never should have happened.

When I first started trading financial markets, I too was a complete mess and a completely hopeless short term trader. But with a lot of work and effort, I managed to completely change the way I think and become a really good risk-taker.

When I traded financial markets I made a right mess of things, but when I returned years later to Betfair trading and sports betting markets, I already knew where I had gone wrong and carefully rebuilt my attitude to many things and in particular to the subject of risk-taking.

In order to do this, I had to learn a lot about psychology and the psychology of trading. It’s a key topic that many people completely miss.

So I would like to share some key thoughts on the Psychology of trading from roughly 30 years of experience.

As mentioned in the video here is the link to the Numberphile video: –

#Trading #psychology #secrets #rewire #brain #profitable #trader

Some Toughts (11)

  1. Avatar
    added on 19 Sep, 2020
    Reply

    I know you said you have had the same experince in finanicals (to make other feel better) but I feel your insight comes more from the numerous novices youv'e seen and tried to help! Great video as usual! I just renewed my Bet Angel licence this moring so I can't buy the mug just now but I promise to buy it next video!

  2. Avatar
    added on 19 Sep, 2020
    Reply

    Cracking video pete as always. Keep them coming on this subject. The real trick is knowing when to carry out your daughters well put message. Following it blindly wont do but knowing when to do it will bring success.

  3. Avatar
    added on 19 Sep, 2020
    Reply

    Please do a detailed video on Arbitrage betting… thanks from Australia 🙂

  4. Avatar
    added on 19 Sep, 2020
    Reply

    Hi Peter, plz add link to the video, which u promised on 11:27 Thanks!

  5. Avatar
    added on 19 Sep, 2020
    Reply

    Thanks Peter for sharing with us this useful knowledge. I learned a lot of your YouTube videos I guess your one of the few persons that I can trust my wallet.

  6. Avatar
    added on 19 Sep, 2020
    Reply

    Great video, I have often thought that a monk or someone spiritually enlightened would do great at trading because of the non-attachment. Do you think this could be true? I've been attempting to master the markets pre-race on and off for 5 years without success. I'm not quite sure at what point I am meant to give up 😅

  7. Avatar
    added on 19 Sep, 2020
    Reply

    Hello peter ,
    I stumbled across something similar one day when i didn’t realise my BF graphs where inverted and I was trading what I thought was the continuation of a trend.
    I wondered why my struck rate was so high that day. I put it down to beginners luck, do you think this is the same as doing the opposite to what you think?

  8. Avatar
    added on 19 Sep, 2020
    Reply

    Re hardwiring your brain from sports bettor to sports trading can be a struggle and possibly trying to be a hybrid is a problem

  9. Avatar
    added on 20 Sep, 2020
    Reply

    Another great video. On an … Parody note … I am really happy you start to sound like sir Humphrey Appleby at about 09:30. Keep up the good work.

  10. Avatar
    added on 20 Sep, 2020
    Reply

    Hi Peter, great insights as always. I’ve been working on my trading and getting good results and slowly increasing my stakes. Ive seen you using up to $1000 stakes in some videos – in a highly liquid Saturday market would that be your realistic limit on stakes or could it potentially be higher? Would be nice to have an idea of what I could aim towards in the very distant future.

  11. Avatar
    added on 20 Sep, 2020
    Reply

    would be great to see trading videos with commentary through the psychology lens of this video.
    Also would be great to see more of your daughter learning trading videos, she probably made all the same mistakes that we will make when first starting out.

Leave a Reply

Your email address will not be published.