This is a YouTube video titled "Trading Psychology - What Are You Good At?" containing a monologue or talk focused on trading psychology. The speaker discusses the importance of skill and discipline in trading by comparing it to other activities like sports or hobbies, emphasizing that psychological issues in trading arise from lack of skills rather than inherent emotional problems. The content was created on November 4, 2022.
Okay. On the topic of trading psychology, I got a question for you. What are you good at? And it doesn't matter. This can. This could be anything. You know, it could be cooking, sewing, baseball, you know, running, anything, tennis. Just figure out something that you're good at, anything that you're really good at, where you have that competence that you just playing. Yeah, you're. You're good, and you know you're good. Do you have any discipline issues? Well, let's say you're a really good, you know, golfer. Are you occasionally, you know, stepping up and just shanking one for the heck of it? Because. No, no. Because you've practiced getting good at the game, and because you've gotten good and focused on getting good, you don't have psychological issues. And, you know, if you're missing some training, you've not gotten the training. Same thing goes with trading. If you're good at it and you have all the skills that you need, not going to have psychological issues. But if you're lacking skills, especially critical skills, it's going to be rough and it will be an emotional experience and you will encounter issues. So make sure you're paying attention to this. It's really crucial.
