Dr. Phil Pearlman — Take care of your body and mind to trade better

Our guest today is Dr. Phil Pearlman. Phil earned his doctorate in clinical psychology and has been involved in markets since the 1990s. He’s currently the chief behavioral officer at Osprey Funds and has held roles at Yahoo Finance, Stocktwits, and Bank of the Ozarks.

In this episode we talk about the importance of taking care of your body through good nutrition. Trading after all, is about performance and execution, so who wouldn’t want to get a leg up on their competition?

Phil shares insights on how to improve key cognitive skills, increase energy levels, regulate your emotions, and a whole lot more. He talks about the hard-wired skills of top performing traders, and why it’s so important to direct our attention to the things we can control.

You’re not going to get any fancy trading strategy tips in this episode, but if you want to live a healthier, higher performing lifestyle, then this one's for you.

Please enjoy this episode with Dr. Phil Pearlman.

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This episode is sponsored by Investor’s Business Daily. IBD has helped investors navigate every market cycle with their time-tested methodology for over 35 years. Right now Smarter Trading podcast listeners can get their first 2 months of IBD Digital, a subscription service that gives you access to IBD’s proprietary market analysis and top trade ideas for only $20 by signing up at investors.com/evan. 

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What you'll learn in this episode

0:00 Introduction
2:28 Intermittent fasting, letting your body rest, and eating nutritious foods
8:00 Living life to the fullest & taking care of ourselves the long run
11:00 Metabolic health improves: focus, energy levels, emotional regulation, stamina
14:40 Your body and your mind is a tool that you need to care of
16:00 There are things we can control and things we cannot control
18:07 The problem with willpower and being a contrarian
25:00 Identify yourself as the person you want to be
31:00 Phil getting started in the 90s and recognizing the mania
37:55 The hardwired skills of top performing traders
43:30 How to improve your cognitive skills for trading & finding your tribe
47:50 passive investing, dollar cost averaging, wealth management
51:20 Focus on the things you can control to become a better trader

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