9: Mastering The 14 Emotional Stages All Investors Go Through

The Option Alpha Podcast

Kirk Du Plessis

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

4.8 • 1.2K Ratings

🗓️ 21 November 2014

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this session of The Option Alpha Podcast we are going to cover the 14 stages that all investors go through with their emotions. Understanding that traders have specific emotions which have varying magnitude, is critical to learning how either you or another investor might behave. Thankfully there is a cyclic process of psychology that explains the relationship between our feelings and our judgments. And we'll show you to remove yourself from this cycle so that you can master the markets as a non-emotional trader.

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
0:06.2	make smarter trades learn how the stock market really works and generate consistent
0:10.8	monthly income. Now your host and head trader at
0:15.0	option alpha.com Kirk depluses.
0:18.0	Hey everyone this is Kirk here again from option alpha
0:22.0	com working every single week to make this the most popular
0:25.1	podcast offered online and on iTunes because it's based on one thing and one thing only and
0:31.3	that's helping you guys make smarter trades.
0:34.1	So thanks so much for tuning in and today we've got a pretty
0:37.4	incredible show ready for you guys talking about investor psychology
0:42.4	and the 14 stages that we all go through as
0:46.0	investors when it comes to making trades. And I think it's going to be incredible
0:50.1	just not only to recognize the stages that we go through if you haven't heard this
0:54.0	before or haven't seen this somewhere else online. It's going to be incredible to
0:58.4	recognize this right that's always a first step is knowing but then at the end of
1:02.3	the show we're going to talk
1:03.1	about how you can break that cycle so how you can actually get out of that cycle so
1:06.9	that you don't fall into these pitfalls and traps that most people get into
1:11.9	when they become too emotional trading.
1:14.6	So the first thing we're going to talk about is a little bit of trading psychology and then
1:18.3	we're going to get right into those 14 stages of investor psychology, followed by a pretty interesting little example
1:27.2	with some data points on herd mentality, right?
	...

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