Jordan Michaelides on trading rules, transitions in life and how he beat anxiety. Louise Bedford and the rule of HALT and learning not to trade when you are hungry, angry, lonely or tired.
Careful about trading when you are Hungry Angry Lonely or Tired – HALT.
When you are experiencing any of these 4 extremes you are not being objective.
Jordan is a former institutional trader who runs his podcast Uncommon.
We look at the importance of trading mentors and how they impact your life as well as their advice to him when he was learning to trade: (8.05 mins)
- You are your own worst enemy.
- Risk management is the number one thing to do to manage your own cognitive biases.
We talk on the value of belonging to a tribe of share traders and then we get very deep as Jordan shares openly on his issues with anxiety and how he overcame them. (11.20mins)
We look at how people deal with transitions in their life and how this affects people wanting to become full-time traders. (15.30 mins)
And Jordan gives 3 success tips. (16.45mins).
To finish off Jordan and I swap a few fun rapid-fire questions.
To find out more about Jordan check out his podcast Uncommon http://www.neuralle.com/podcast