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
Oct 6
528: Trading Advice I Wish I Learned Earlier (1-Hour Masterclass)
Trading Advice I Wish I Learned Earlier (1-Hour Masterclass) In episode 528 of the Desire To Trade Podcast, we will be listening to some of the best trading wisdom from experienced traders Etienne has interviewed in the past year. It dives into the real deal about trading—managin ... Show More
1h 9m
Sep 29
527: The Reality of Trading For A Living - TraderNick
The Reality of Trading For A Living In episode 527 of the Desire To Trade Podcast, you will be listening to an interview with TraderNick as he opens up about what it really takes to trade for a living. From navigating volatile markets and drawdowns to balancing systematic strateg ... Show More
42m 6s
Sep 22
526: 23 Years of Full-Time Trading Experience - Ross Maxwell
23 Years of Full-Time Trading Experience In episode 526 of the Desire To Trade Podcast, you will be listening to an interview with Ross Maxwell, a trader with over 23 years of experience, and shares his journey from working at institutions to trading independently. He opens up ab ... Show More
30m 49s
Recommended Episodes
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
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
Sep 2023
The Recipe for Successful Stock & Option Investing
To be successful in investing, you just want to make sure you don’t make a few mistakes that most investors make. The biggest mistake is not knowing what you are doing when it comes to investing. It's like investing in stocks that you don’t understand because you’re afraid of FOM ... Show More
47 m
Nov 2022
REI148: Real Estate Market Update with Data Scientist Neal Bawa
IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro01:28 - About the state of the current real estate market.01:37 - Neal’s fourplex development business model.03:11 - Why Neal is not currently buying any deals.17:44 - How to underwrite deals.19:12 - How to approach real estate investin ... Show More
47m 25s
Jul 2016
082: Futures Trader 71 – How to Become the Trader You Wish You Were
This week, for the second time on Chat With Traders, my guest is Morad or better known as; Futures Trader 71. As you could imagine, FT is a futures trader, he’s also very short-term and has been trading for about 16 years now. During this time, he was the founder of a successful ... Show More
1h 30m
Apr 2022
MI Rewind: Investing in Commodities with David Morgan
IN THIS EPISODE YOU’LL LEARN: 03:37 - What are commodities, and how do you invest in them? 06:33 - How you can invest in commodities through ETFs. 16:59 - When is the "right time to buy"? 25:16 - Why David invests in silver. 28:00 - Why do investors avoid investing in precious me ... Show More
57 m
Aug 2023
MI Rewind: Just Keep Buying w/ Nicholas Maggiulli
Robert Leonard chats with Nick Maggiulli about building additional income streams and growing income to build wealth.Nick Maggiulli is the Chief Operating Officer and Data Scientist at Ritholtz Wealth Management, where he oversees operations across the firm and provides insights ... Show More
59m 12s