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Welcome to Mind Over Markets! 🧠📉
Tired of letting your emotions sabotage your trades? At Mind Over Markets, we delve deep into the psychology of trading with leading expert Louise Bedford, a 6x best-selling author.
Louise Bedford addresses the impact of negative self-talk on traders, sharing insights from a trader who faced a significant loss that hindered her from trading again. Bedford focuses on three crucial aspects of self-talk: personalization, pervasiveness, and permanence. She advises against tying negative events to one's identity, emphasizing that a trading loss does not define who you are. She encourages traders to avoid viewing failures as pervasive across all aspects of life and to challenge thoughts of permanence, emphasizing that setbacks in trading should not lead to a belief in perpetual failure. The episode serves as a reminder to navigate mindset traps caused by losses and not let them hinder future trades.
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