Establishing effective habits can significantly impact traders’ success.
Research indicates that habits, whether positive or negative, tend to strengthen when individuals are under pressure.
When your willpower is depleted and motivation is lacking, you are equally likely to revert to unhealthy habits like overeating and inactivity, provided those are your existing habits.
Interestingly, the same principle applies to reverting to good habits. This underscores the importance of cultivating positive habits to steer your life in the right direction.
You’ll love this conversation with Louise Bedford and Luke Mathers, renowned author of the bestselling book Curious Habits.
Luke introduces his ‘Catch, W.A.I.T, Reset’ method, which is elaborated on his website at https://lukemathers.com.au/.
This approach has the potential to revolutionise how you approach and enhance your trading habits.
Key Topics We Discuss
- How do you believe habits take shape?
- You mentioned that changing behaviors can be challenging, but it may be more effective to modify cues and triggers while being clear about the desired rewards. Can you elaborate on how this concept is put into action?
- I’m curious about your two alter-egos, ‘Carlos’ and ‘Little Luke.’ Could you share how these characters have both guided you toward your goals and led you away from them?
- How can traders tap into their inner ideal trader to attain their goals?
- Could you explain the concept of the Drama Triangle as introduced by Dr. Steven Karpman and its relevance to a trader’s mindset?
- How does this concept contrast with the idea of internal versus external locus of control?
- You use a shiny squirrel as a reminder to stay focused. Could you elaborate on how this technique benefits you?
- You’ve developed an infinite loop that fosters tidal habits. Could you provide more insight into tidal habits and how they become our go-to behaviors?
- Your Catch, W.A.I.T, Reset method is intriguing and something I’ve personally used to enhance my trading. Would you be willing to share this technique, and then we can discuss how it connects with my bass-drop booj method?
About Luke Mathers
Luke Mathers, with over 20 years of business experience, uses neuroscience and ancient wisdom to coach leaders, athletes, and professionals in harnessing stress’s power. Formerly an optometrist and business owner, he achieved multiple business successes, including introducing Specsavers franchises to Australia. In the past decade, he transitioned to helping others optimise life and business performance by redefining stress. He’s now a top stress expert and performance coach after working with CEOs, brands, and teams to achieve peak performance.
To get in touch with Luke
Website: https://lukemathers.com.au/
Facebook: https://www.facebook.com/LukeMathersOfficial/
LinkedIn: https://www.linkedin.com/in/luke-mathers-speaker/
Youtube: https://www.youtube.com/channel/UCgd9DZVwJkw0UZ4ZC97U_vg
About Louise Bedford
Louise Bedford is a highly accomplished and experienced trader, educator, and author, with over 30 years of experience in the financial markets.
She is the co-founder of The Trading Game and is known for her unique approach to teaching trading psychology and market analysis.
Louise has authored several successful trading books, including Trading Secrets, Charting Secrets, and The Secret of Candlestick Charting. She is also a regular contributor to Ausbiz, the Your Trading Edge magazine, and is the host of the Master Your Trading Mind Hub at IG Markets Australia.
She and her business partner, Chris Tate, have been running their repeat-for-free Mentor Program for the past 23 years. They provide simple techniques that you can implement straight away, and valuable resources to enhance your trading so you can maximise your profit potential.
The Trading Game Mentor Program is a 6-month, repeat-for-free course, that has been running since the Year 2000.
If you’re curious about whether this is your next step, then you need to register for Priority Notification, so you can learn more, and get a heap of free trading resources.
To get in touch with Louise
Facebook: https://www.facebook.com/TradingGame/
Twitter: https://twitter.com/TheTradingGame
LinkedIn: https://linkedin.com/in/louise-bedford/
Youtube: https://www.youtube.com/tradinggame
Photo by Adam Nowakowski on Unsplash
