In this episode of The Profit Factor, we dive deep into the crucial skill of decision-making in trading. Every day, traders are faced with tough decisions that can significantly impact their success. We explore the concept of "resulting" introduced by Annie Duke, a former poker player turned decision-making expert, and how it relates to trading.
Using a powerful analogy from the world of American football, we dissect the importance of evaluating decisions based on the process rather than solely on the outcome. Learn why it's essential to focus on following your trading rules consistently, regardless of the immediate outcome of your trades. And, discover how to more effectively conduct a trade review and evaluate the decisions you make in trading, and in life.
Tune in now and take your trading mindset to the next level! Don't forget to share this valuable episode with fellow traders who are striving for success.
Want more?
https://www.youtube.com/playlist?list=PLUIFLIRztQ-aXyiyBV6COzj1OsRrqx7kH to watch the livestreams for this podcast.
https://www.youtube.com/@theprofitfactor for some great videos on edge, process and mindset.
https://www.gettheprofitfactor.com to get coaching and accelerate your journey to profitability.
https://jo.my/1x1-coaching to book a 1x1 with me and get coaching on your edge, process or mindset.
Annie Duke on Decision Making (Spotify | Apple)
Popular Podcasts
My Favorite Murder with Karen Kilgariff and Georgia Hardstark
My Favorite Murder is a true crime comedy podcast hosted by Karen Kilgariff and Georgia Hardstark. Each week, Karen and Georgia share compelling true crimes and hometown stories from friends and listeners. Since MFM launched in January of 2016, Karen and Georgia have shared their lifelong interest in true crime and have covered stories of infamous serial killers like the Night Stalker, mysterious cold cases, captivating cults, incredible survivor stories and important events from history like the Tulsa race massacre of 1921. My Favorite Murder is part of the Exactly Right podcast network that provides a platform for bold, creative voices to bring to life provocative, entertaining and relatable stories for audiences everywhere. The Exactly Right roster of podcasts covers a variety of topics including historic true crime, comedic interviews and news, science, pop culture and more. Podcasts on the network include Buried Bones with Kate Winkler Dawson and Paul Holes, That's Messed Up: An SVU Podcast, This Podcast Will Kill You, Bananas and more.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com