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Break the Cycle of Revenge Trading: Identifying Triggers & Practical Strategies
Manage episode 446952798 series 3135469
Innehåll tillhandahållet av Michael Lamothe. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Michael Lamothe eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
Have you ever been tempted to jump back into a trade after a loss, hoping to reclaim what was lost? You're not alone—this is a classic pitfall known as revenge trading. In today’s episode, Mike Lamott dives into why revenge trading happens, how to spot the subtle signs, and practical methods to break free from this destructive cycle. Discover actionable tools like the “kill switch” strategy, pattern-interrupting questions, and effective journaling techniques that can turn your trading decisions around. Don’t miss Mike's insights on crafting a disciplined trading mindset and hear real-life trade examples that reveal how sometimes getting “shaken out” can actually be a win. Perfect for traders looking to take their strategy—and mindset—to the next level.
Key Takeaways:
- Why revenge trading happens and its psychological triggers
- How to use questions as pattern interrupts to stay disciplined
- Journaling techniques to analyze trades and grow over time
- Real examples of trades that demonstrate why it’s sometimes best to let go
- Practical strategies for creating a personalized trading business plan
🎧 Join the conversation and upgrade your trading psychology. Subscribe and share your experiences with #TradersMindchat #RevengeTrading #TradingDiscipline #BreakTheCycle
🔗 Visit marawealth.com for more resources
Books I've Written:
- The Trading Mindwheel: Eight Essential Skills for Trading Mastery: https://tradingmindwheel.com/
- The Trading Success Blueprint: The Ultimate Guide To Crafting Your Trading Business Plan for Profit: https://marawealth.samcart.com/products/trading-success-blueprint-the-ultimate-guide-to-crafting-your-trading-business-plan-for-profit
- The MARA Mindshift Guide: A Trading Beliefs Workbook: https://a.co/d/9rbLQ1m
Ways to Connect With Me:
- Daily Newsletter: https://www.marawealth.com/newsletter/
- Website: https://www.marawealth.com/
- X: https://x.com/MichaelGLamothe
- Instagram: https://www.instagram.com/michaelglamothe/
- Facebook: https://www.facebook.com/MaraWealth
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