This is an exciting and informative interview about developing a mindset for trading success with John Locke and the two great hosts of The AlphaMind Podcast, Steven Goldstein and Mark Randall.
If you want to succeed in trading click here or in the video below to take in all the great information from this interview and apply it!
This is an excerpt of the post in The AlphaMind Blog about this interview:
“John came to trading via an unorthodox route. He was originally a Success Coach. John took the principles he applied to his clients in his coaching and applied them to himself. John worked on his own personal and human development more so than focusing on developing his trading strategy and the other external parts of the trading process. John was effectively developing his ‘Metagame’ as a trader. This appears to have been a significant factor in John becoming profitable from his trading far quicker than most other new traders.
This episode is full of value. – The first 25 minutes of the interview explore aspects of options trading, and this will be useful for all traders whether they are options traders or not.
John talks about his journey into trading and how he achieved success relatively quickly after some early challenges and learning experiences. John quickly moved to a style of trading which suited his personality rather than being stuck in a style which did not suit his natural abilities.
John shares some insights about being an option trader, discusses some of the upside of trading options and also some of the dangers and risks options entails. He talks about some of the strategies he prefers and the crucial importance of managing your risk when engaged in options trading. He also talks about some of the mistakes many traders make when trying their hand at options trading.
The second part of the podcast, from about half an hour into the podcast, focuses on the mindset needed for success and how our emotions can derail us from optimal behaviour and following good process.
As mentioned, John was formerly a success coach, he encouraged people to focus on personal development and on the development of techniques on how to think better. John applied these same principles to himself and to his trading.
John talks about mindset and its importance in developing a mindset for successful trading. He shares his stories from his trading experience about mindset, and how he sees this as being a differentiator between great performance and sub-par performance.
John talks about the role of emotions in trading, the mind-maps this creates which affect how people play their strategies and playbook. He also shares in-depth his views about the importance of beliefs, beneficial beliefs, sub-optimal beliefs, and how these shapes what happens in people’s minds. This formed the basis for a deep exploration in the interview which will be hugely informative for the audience, keen to understand themselves and how their mindset affects their own trading.”
John had a blast discussing developing a mindset for trading success with The AlphaMind Podcast and looks forward to the next time he can chat with them!
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