logo
episode-header-image
Feb 2024
49m 49s

441: Trading Psychology Expert Reveals T...

Etienne Crete
About this episode

Trading Psychology Expert Reveals The Truth

In episode 441 of the Desire To Trade Podcast, we will be listening to the recording of an interview with trading psychology expert, Mandi Pour Rafsendjani, as she reveals the truth! Does your current mindset sabotage your trading results? Learn the winning mindset of successful traders today!

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode
  • 00:00 Introduction
  • 00:52 What’s new with Mandi?
  • 03:28 How do new traders handle the pressures that they have with prop firms?
  • 06:48 Effects of prop firms' time limit on traders
  • 09:45 The dynamics of taking losses in and outside of prop firms
  • 12:46 Traders spending money on the market instead of getting proper coaching
  • 16:54 Understanding the importance of backtesting
  • 21:37 Not backtesting because the strategy "won't work out"
  • 24:43 Switching from a tried and tested strategy to a new strategy
  • 28:36 Traders expecting wins then giving up after some losses
  • 30:37 Accepting or getting used to losses
  • 34:19 How to maintain good money management on a losing month
  • 38:17 Teaching yourself self-reliance on a smaller scale
  • 43:10 The truth about "If you can do this on $1000, then you can do it on $500,000"
  • 45:27 Training yourself to be more comfortable trading bigger amounts
  • 47:39 Talking to traders trading big accounts can make a big difference
  • 48:24 Where to find Mandi Pour Rafsendjani (links below)
  • and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources About The Desire To Trade Podcast

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Mandi Pour Rafsendjani

Resources mentioned: Day Trading Quickstart Guide Forex Trading Quickstart Guide 12 Power eBook

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Up next
Jul 7
515: Stocks Trading Prop Firm: Tips From The Founder - Trade The Pool
Stocks Trading Prop Firm: Tips From The Founde In episode 515 of the Desire To Trade Podcast, Etienne sits down with Michael Katz from TradeThePool to discuss how their platform is changing the game for stock traders. Michael shares insights on limited-risk trading, the advantage ... Show More
24m 27s
Jun 30
514: What It Takes To Run Automated Trading Systems - Pavel Kycek
What It Takes To Run Automated Trading Systems In episode 514 of the Desire To Trade Podcast, Etienne sits down with Pavel Kycek, who shares what it really takes to run fully automated trading systems. He breaks down the technical, emotional, and business aspects behind building ... Show More
29m 49s
Jun 23
513: From $5k to $140k Trading With A Full-Time Job - Andrea Gabrieli
What It Takes To Become a Millionaire Trader In episode 513 of the Desire To Trade Podcast, Etienne sits down with Andrea Gabrieli, a volcanologist and part-time trader who turned 5K into 140K by combining data-driven strategies with emotional discipline. Andrea shares how he ada ... Show More
39m 5s
Recommended Episodes
Dec 2023
MI Rewind: Should YOU Trade Options? with Tom Sosnoff
Tom Sosnoff discusses the ins and outs of options trading – how it works, some strategies for beginners, and its expected returns and risks. Tom is a well-known entrepreneur and options trader. IN THIS EPISODE, YOU’LL LEARN:00:00 - Intro02:34 - What options trading is.05:53 - Why ... Show More
49m 27s
Oct 2022
MI230: Buffett Indicator Says Stock Market is Overvalued w/ Lance Roberts
IN THIS EPISODE, YOU’LL LEARN: 09:18 - Understanding the basics of valuations and how to interpret price multiples.  17:00 - What the Shiller P/E (CAPE) ratio is, and why it is telling us future returns are expected to be low going forward.   25:46 - What Lance thinks are some ca ... Show More
1h 3m
Feb 2024
TIP609: Fooled by Randomness by Nassim Taleb
On today’s episode, Clay reviews Nassim Taleb’s book – Fooled by Randomness.Nassim Taleb is a Lebanon-born American mathematician and statistician whose work concerns problems of randomness, probability, and uncertainty. He’s very well known for his popular books, including The B ... Show More
1 h
Oct 2019
MI009: Day Trading for a Living with Andrew Aziz (Investing Podcast)
On today’s show, I talk with Andrew Aziz. Andrew is a PhD Chemical Engineer by trade, but when he was laid off from his job, he turned to day trading to provide him with income. He was unable to find reliable, credible resources to teach him how to trade, so he wrote an Amazon be ... Show More
50m 11s
Jun 2024
TIP641: Improve Decision Making with Mental Models w/ Clay Finck & Kyle Grieve
On today’s episode, Kyle Grieve and Clay Finck continue their conversation on Investing: The Last Liberal Art by Robert Hagstrom. We discuss details on why using the right explanation for a business is so important to a good investment thesis, simple ways to improve your reading ... Show More
1h 23m
Mar 2024
949 - Finding Your Trading Threshold
Trading strategies are unique to the individual trader and there is no BEST way to trade only the way that is BEST for you. In this episode of The Trading Coach Podcast, we're going to talk about how to maximize your strategy while staying within your comfort zone. Pleas shar ... Show More
14m 12s
Jun 2024
TIP639: Buffett's Favorite Business Book w/ David Fagan
On today’s episode, Clay is joined by David Fagan to discuss Don Keough’s book, The Ten Commandments of Business Failure.  Don Keough was the President and COO of Coca-Cola. During Keough’s and Roberto Goizueta’s leadership, Coca-Cola’s stock compounded at 27% per annum from 1981 ... Show More
1h 6m
Jun 2024
986 - Coding A Trading Strategy - Trade Inspired
A successful trader is an inspired trader. Here's why as well as a great interview about coding your trading strategy. Join us on the platform! www.TierOneTrading.com Your Trading Coach - Akil --- Support this podcast: https://podcasters.spotify.com/pod/show/thetradingcoachpo ... Show More
21m 44s
Jun 2024
TIP635: Deep Diving Into The Warren Buffett Way w/ Robert Hagstrom
Kyle Grieve chats with Robert Hagstrom about reflections from Warren Buffett’s early investing mistakes, why GEICO’s insurance float has been setup so perfectly for use by Warren Buffett, why low turnover portfolio’s outperform other options, why looking at stocks as abstractions ... Show More
1h 14m
Feb 2024
TIP610: Mastermind Q1, 2024 w/ Tobias Carlisle and Hari Ramachandra
In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he is still bullish on Spotify. Hari’s pick, Disney, has recently been extremely volatile, and Tobias pitches Mueller Ind ... Show More
1h 26m