Do you find yourself second-guessing your trades or feeling mentally drained after just a few hours at the screen?
You’re not alone.
Decision fatigue is a silent performance killer for many traders. Eroding your ability to think clearly, react quickly, and stay on top of your game. But it doesn’t have to be this way.
In this episode, we’re diving deep into decision fatigue and how it can derail even the best trading strategies.
Our special guest, mindset coach and NLP expert Rik Schnabel, reveals the secrets to overcoming decision fatigue and staying sharp, focused, and in control – no matter how many trades you make.
Here’s What You’ll Learn:
- The Hidden Costs of Decision Fatigue – How mental fatigue clouds your judgment, slows your decision-making speed, and ultimately costs you money.
- Practical Strategies to Manage Decision Fatigue – Proven techniques to keep your mind fresh and your performance at its peak.
- Harnessing Peak State for Trading – How to use breathing exercises, anchoring techniques, and positive self-talk to regain clarity and control in stressful trading situations.
- The Role of Narrative and Mindset in Trading – Learn how the stories you tell yourself can either empower your trading results or sabotage your success.
- Avoiding the Trap of Information Overload – Discover how to streamline your trading process and make confident decisions. Avoid getting bogged down by too much information and constantly second-guessing yourself.
If you’re a trader looking to optimise your decision-making, maintain mental clarity, and reduce the risk of burnout, this episode is for you.
Listen in and start trading smarter!
Topics we discuss:
Understanding Decision Fatigue
- How does decision fatigue screw up trader’s results?
- What are some common symptoms of decision fatigue?
Strategies for Managing Decision Fatigue
- You’ve worked with many individuals to acheive peak performance. What strategies do you recommend to help traders overcome decision fatigue and avoid burnout?
- What practical anchoring techniques can traders use to get into a peak state before making crucial decisions?
- What role does breathing play in managing decision fatigue? Could you guide us through a quick exercise that traders can use to regain clarity in stressful situations?
Optimising Decision-Making Speed and Performance
- You mentioned the gap between creating an idea and acting on it. Why is this gap detrimental, and how can traders minimise it to maintain momentum?
- Are there any phrases or self-talk techniques that traders can use to activate their peak trading state, especially when they feel decision fatigue creeping in?
Harnessing the Power of State Management
- You’ve highlighted that all thoughts are state-based. Could you explain how traders can shift their physical state to enhance their mental clarity and decision-making speed?
Overcoming Information Overload and Finding Focus
- In trading, there’s often a fine line between having enough information to make decisions and being overwhelmed by it. How can traders avoid the trap of over-analysis and information overload?
- With restaurants and other settings, you’ve drawn parallels between too many choices and decision fatigue. How can traders design their trading environment to reduce unnecessary decisions and optimise focus?
Leveraging Narratives and Stories
- The power of narrative is something Rob Walker explores deeply. How can traders craft a narrative that supports decisiveness and confidence in their trading activities?
- Can you give an example of a limiting narrative you’ve encountered in your coaching, and how reframing it changed the decision-making process for that individual?
About Rik Schnabel
Rik Schnabel is a renowned NLP specialist, life coach, and the founder of Life Beyond Limits, a coaching organisation dedicated to helping individuals unlock their potential and achieve personal and professional success.
With over two decades of experience in the personal development and coaching industry, Rik has become a trusted expert in mindset coaching, performance optimisation, and overcoming mental blocks.
He is also the author of several books, including “Roar Courage” and “A Life Beyond Limits”.
Through his coaching programs, workshops, and books, Rik has helped countless individuals transform their mindset, improve their decision-making, and perform at their best, particularly in high-pressure fields like trading and business.
To get in touch with Rik:
Website: https://lifebeyondlimits.com.au/
LinkedIn: https://www.linkedin.com/in/rikschnabel/
Facebook: https://www.facebook.com/LifeBeyondLimitsPage/
X/Twitter: https://twitter.com/RikSchnabel
Youtube: https://www.youtube.com/RikSchnabel
Pinterest: https://www.pinterest.com.au/rikschnabel/
About Louise Bedford
Louise Bedford has traded, taught, and written extensively about the financial markets for over 30 years, building a reputation as a highly accomplished and experienced trader, educator, and author.
She co-founded The Trading Game and has gained recognition for her unique approach to teaching trading psychology and market analysis.
Louise has authored several successful trading books. In particular, her titles include Trading Secrets, Charting Secrets, The Secret of Candlestick Charting, and Investing Psychology Secrets.
Louise and her business partner, Chris Tate, actively run their hugely popular, repeat-for-free Mentor Program. Through this course, they offer simple techniques that you can apply immediately. In addition, they provide valuable resources designed to enhance your trading and help you maximise your profit potential.
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
TikTok: https://www.tiktok.com/@tradinggame.com.au
Instagram: https://www.instagram.com/tradinggame.com.au/
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