Learn Poker Video Source & Info:
EP 086: What traders can learn about mental game, from world champion poker coach—Jared Tendler
Jared Tendler is an internationally recognized mental game coach. His clients include world champion poker players, the #1 ranked pool player in the world, professional golfers, and more recently, traders too.
If Jared was to summarize exactly what he does (and what he specializes in), it would be; removing negative and excessive emotion from decision making.
So naturally, this serves as the underlying theme throughout our conversation, but we also discuss higher-level topics like; variance, the major crossovers between high-stakes poker and trading, how psychology has been oversold and when it really matters, plus how to identify various types of “tilt.”
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LINKS
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· More interviews: https://chatwithtraders.com
· Free resources: https://chatwithtraders.com/resources
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· Stitcher: http://www.stitcher.com/podcast/chat-with-traders
Source: YouTube
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Great podcast!
great interview. 5 Star
Very honest answers.
Great interview. Risk management in trading and poker is virtually identical. For instance if you play poker tournaments, your bankroll should allow for at least 50 buy-ins; so each tournament, you would only risk 1-5%. I trade Forex and most of my trades are around 2-3% and I don't thrive, but I do survive… If you go to big, you will blow your stack in either universe. Follow the law laid down by the risk management Gods: DON'T BE GREEDY.
One of my favorite interviews on this subject. Thank you Jared And Aaron !
Tons of value in this one
Guest speaks truth and yes mental oiling is needed for many traders.
Good chat. However, Jared, ironically, doesn’t come across as a skilled poker player. Maybe he’s focus is psychology.
Psychology in trading makes only 5%??? That's the first