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

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

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

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

So again, thank you so much for tuning in today on today's show.

We are going to be talking about trading psychology and what I refer to now as the 5 by 2 victim matrix.

And I know that's a lot and there's a mouthful in there,

but hopefully the idea behind this podcast

is just to get you to understand

the different levels that you can take

as you go through potential trading scenarios, when bad trades happen, or when good trades happen, and just trying to master your trading psychology a little bit.

As I've said, I think a couple times now and I know I've definitely said on daily

podcast is that I truly believe that trading is about 20% what we actually do and 80%

how we react to it or the emotions that we have as a result of trades that we make.

And so most of trading I think is a very emotional game.

It's do I get in, do I get out?

Am I fearful, am I greedy? What types of emotions do I have around a

trade? And I think that influences a lot of what we do. Most of trading is actually

very little of the mechanics, the actual order entry itself. A lot of it is kind of subsurface or subconscious, you know, thought processes and psychology frameworks that we have either from previous experiences in the past or that we've developed over time.

And so the goal with today's podcast is again to get you to help and understand just this one simple

framework or matrix, as I'm calling it, for understanding this victim mentality that people

potentially might have.

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