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The Option Alpha Podcast

134: How to Learn From Trading Mistakes & Transitioning Into New Habits

The Option Alpha Podcast

Kirk Du Plessis

Education, Options Trading, Trading, Investing, Stock Market, Business, Finance

4.81.2K Ratings

🗓️ 11 June 2018

⏱️ 27 minutes

🧾️ Download transcript

Summary

Show notes: http://optionalpha.com/show134 Nobody's trading or investing journey is a straight road or easy path. We never just magically trip into a perfect system or investing philosophy without a couple bumps along the way. Today's podcast focuses heavily on overcoming the stigma attached to being "wrong" and having the humility and grace to learn from trading mistakes and transition into new habits. In addition, I want to describe in more detail the two major mistakes that I've made...

Transcript

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0:00.0

You're listening to the Option Alpha Podcast from Option Alpha.com where we show you how to make

0:06.3

smarter trades learn how the stock market really works and generate consistent monthly

0:11.2

income. Now your host and head trader at option alpha.com, Kirk depluses.

0:17.0

Hey everyone, this is Kirkier again from option alpha.comcom working every single week to make this the most popular investing podcast offered online and in iTunes because it's based on one thing and one thing only and that's helping you guys make smarter trades.

0:32.3

So again, thank you so much for tuning into today's episode.

0:35.6

On today's show, we are going to be talking about

0:38.3

how you can learn from your trading mistakes

0:40.9

and start transitioning into new habits.

0:43.7

And although we'll focus a little bit on trading towards the end of this podcast in this

0:48.3

main section that we're going to be starting with, the whole idea here is just figuring out

0:52.2

how we can learn from our mistakes not only figure

0:55.4

out what they are and kind of recognize them and acknowledge them, but also start transitioning

0:59.9

into new habit forming and using new cues and new routines to build new habits.

1:06.0

Now I want to ask you guys a question just for one second here, play along with me that you are

1:10.8

wherever you're listening to this if you're out on the jog or at the gym or in your car

1:14.4

if I were to ask you right now how does it feel if you were wrong at anything so if I said you know what you're

1:20.9

wrong or if you realize you're wrong in something how do you

1:24.4

immediately feel when I just say that and I know I feel like you know a little bit like

1:29.8

thumbs down kind of embarrassed little depressed like you almost like shrug your

1:33.8

shoulders just a little bit and try to duck your head so if anybody ever says you

1:38.1

just like try this on somebody today just say you know what you're wrong and then

1:41.2

joke around and laugh with them and say sorry

...

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