In Episode 80, your intrepid host, Rob Booker, reclines back on a leather chaise lounge chair and explores his deepest, inner child’s feelings with the great Adrienne Toghraie, author of 13 books about discipline and the psychology of trading. Adrienne is a literal expert at coaching traders, brokers and investors on their mental game when it comes to trading.
You’ll hear for yourself that Adrienne is chock full of information about the psychology of trading. She talks to Rob about overcoming the real phenomenon of self-sabotage and the myriad fears that fuel it, such as the fear of success, fear of failure, fear of being wrong and the fear of losing.
Rob and Adrienne discuss how beliefs lie beneath the psychology of trading and that trading is a trip of discovery about yourself. Adrienne also describes those who should be “intuitive discretionary traders” (and those who shouldn’t). Rob asks Adrienne whether trading is for everyone, and she gives a wise answer and backs it up with equally insightful explanations.
In this episode you’ll get to hear Adrienne describe the passion that is required to be a great trader which goes beyond just wanting to make money. But speaking of money, Adrienne describes something that we all do internally which determines how much money we’ll make, and Rob and Adrienne also discuss “the energy of money.”
Oh, and during this episode, Adrienne reveals a golden list of the habits of the very best traders that she’s ever worked with.
So once again, we have another must-listen episode here. You can hear all of the above — and more — in Episode 80 of The Traders Podcast.
Links for this episode:
Adrienne’s Web site: Trading on Target.com
P.S. We are pleased to report that this interview is one of at least two interviews on the Psychology of Trading. (Part 2 should be coming a week from today.)
P.P.S. Thanks again, Ron, for recommending that we talk to Adrienne.