Healing the Loss: Trading Psychology with Dr. Alexander Elder Part 1 - Personal Psychology
In this webinar series, we will look at the ideas and recipes for success from the No. 1 trading psychologist: Dr. Alexander Elder, who started out as a psychologist and became passionate about the stock market and shares at an early age. After initial stock market failures, he found his way to profitable stock market success thanks to psychology, making him a successful trader who also writes bestselling books on trading.
Contents of the video include
00:00:00 Welcome
00:00:15 What is important for success in trading
00:01:35 Overweight and unsuccessful traders
00:02:55 Not a lack of knowledge, but a lack of implementation
00:04:00 Stock market strategy and detours / emotional trading
00:08:14 A good trader's goal isn't to make money...
00:09:46 Good traders remain realistic
00:11:10 Small portfolio as an excuse for unsuccessful traders
00:12:40 Losses are part of the stock market and trading
00:13:50 Traders and the stock market gurus
00:14:50 What can the trader influence?
00:19:00 Anecdote from antiquity - Xerxes
00:20:30 Emotional trading is a luxury
00:21:55 The stock market is both a spectator sport and a participant sport
00:25:50 Unsuccessful traders and alcoholics
00:28:00 Accountability as a success formula for the stock market
00:30:30 Alcoholics Anonymous and the trading success of Dr. Elder
00:34:04 Loss compared to the entrepreneurial risk
00:36:20 Example of risk management
00:41:25 Farewell & Risk Disclosure
Further links:
Live account with CapTrader: https://bit.ly/31EqOfE
Demo account with CapTrader: https://bit.ly/3fxv8Fx
Newsletter: https://bit.ly/31Ap3h8
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