The Resilience Mindset of Top Traders
In episode 497 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Paul Wallace who discusses the resilience mindset of top traders. He talks about the importance of adapting to market changes, the necessity of debriefing trades, and understanding the four M's of trading success: markets, method, money, and myself.
The video is also available for you to watch on YouTube.
Topics Covered In This Episode
- 00:00 Introduction
- 00:58 What’s new with Paul Wallace
- 02:03 The importance of mental toughness in trading
- 04:02 Dealing with negative thoughts
- 06:11 Developing mental toughness
- 07:47 Adapting to market changes
- 11:19 The art of debriefing and learning from trades
- 14:03 Reviewing your winning trades
- 15:50 Understanding the four M's of trading success
- 18:29 Common trader mistakes
- 20:45 The myths and realities of trading
- 22:24 How to stay motivated
- 24:38 Where to find Paul Wallace (links below)
What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!
Desire To Trade's Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Recommended brokers:
- Desire To TRADE Academy
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