In the last episode of Best Off Top Traders on Plot, we went back in time to revisit some of the key

lessons that many investors learned during the financial crisis. It was my way of reminding myself

and you of something that we as investors must never forget. Today, Robert Carver goes much deeper into the human psychology

that makes us human ill-equipped to deal with our emotions

in a rational way when it comes to making good investment decisions.

And also how you can overcome this behavior and make your own plan for financial success.

So sit back and relax. Enjoy these unique takeaways from my conversation with Robert and

if you want to listen to the full conversation, which I hope you do. Just go over to top traders on blog.com

forward slash 89 and also forward slash 90.

I am genuinely interested in educating people and trying to explain to them that they need to be more realistic.

And that's a completely different marketplace from where you're trying to compete with people

who are trying to make the most outlandish claims to stand out from the pack of people making similar outlandish claims.

No, I agree with that completely.

And I think it is evident from reading your book that that is the fundamental motivation.

Now, you touch already upon the point about sort of the flawed human brain in your book.

And you end up talking a little bit about sort of the temptation of taking profits

early and letting our losses run. That's really how we as human beings are wired. Tell me a little

bit more about that and what it really means when it comes to trading if you get this balance

the wrong way around so to speak and what

you found when you when you test these kind of human behaviors so if i can call it that so the

the natural human instinct and when you see a position rise a little in price that you're long is to say

is to want to take a profit and this comes down to essentially that that kind of strong feeling that you want to kind of lock that in

...