Trading Mindset Secrets Of The Best Traders - Andrew Menaker

In this trader interview, I interview trading psychologist Dr. Andrew Menaker. We discuss the trading mindset of the best traders. What are things the greatest traders do to improve their trading psychology & mindset? You'll find out by watching this video!
📈 FREE Case Study "Quitting Your Job To Finally Trade Full-Time": desiretotrade.co/case-study
Chapters:
0:00 Start
0:23 Introduction
0:49 What has Andrew done since his last interview with Etienne
3:52 Why Andrew went from military consultant to trader
5:21 How trading helps you grow and become better
6:55 How to train to deal with risk and discomfort as a trader
8:23 How can you know what works to improve your trading mindset
11:08 What Andrew would tell to an emotional trader
12:01 Why personal development is so hard
14:59 Why professional traders need coaches
16:22 Why do some goals hinder your trading
17:34 What professional traders do differently than retail traders
18:44 Why you are doing risk management wrong
21:00 Does journaling matter for professional traders
22:38 What to do if you hate journaling
23:44 How your childhood affects how you trade
28:52 How can you turn your weaknesses into strengths in trading
30:42 How coaches keep successful traders successful
31:51 What are the advantages of a retail trader over professional traders
34:23 What it takes to migrate from bank trader to hedge fund trader
35:44 Where to find Andrew Menaker
#tradingmindset #tradingpsychology #tradingpodcast
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IG: @etiennecrete
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// MUSIC
David Cutter Music - www.davidcuttermusic.com
Andrew Applepie - andrewapplepie.com/
// ABOUT ME
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
// Disclaimer
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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[@mangethezwane4729]

5:03 - "Trading is not a way to make money its a vehicle for self growth" great that while growing you can also make some cash.

[@wesleymutai4913]

Crete.... always follow your vids from Kenya. Good work bro

[@michaeltoma1023]

I must have pushed rewind about 30x during that interview. Tons of mic drop moments. Great questions from Etienne as well. I could listen to you too for 10 more hours.

[@mmmbbq]

I had to shut it off. I thought something was wrong with my bluetooth. Guess not. I'll just tough it out.

[@svishal23]

@@mmmbbq ok I

[@apeopleforhisname]

Me too

[@farukbhuiyan7388]

Hi Michael. Hope you are doing great. I am a struggling day trader .looking help from someone like you. Is there any way to connect with you? Please let me know. Thanks

[@scottiZepidemic]

The military man story about containing the risk was excellent way to view uncertainty and risk. Thank you! Thats gonna stick with me

[@chilatelover]

Only 150 likes? This is incredibly valuable. Thank you both!!

[@mhzmob]

'Learning to tolerate discomfort ' is the key. Thank you for the great information shared.

[@howardhill3395]

I really like this "live journalling", in the moment with the market, reveals how we see the market and what's behind our trading (or non-trading) decision.

[@Data.Trading]

Thousands thumbs up! Really appreciate it. Thank you very much❣️

[@benyork6646]

I have been waiting for interviews like this - psychology is the number one roadblock you don’t even know you have to become a successful trader - When you can identify precisely what “your“ trades are and separate from your emotion, your edge will beat the odds… Bravo

[@DesireToTRADE]

I'm glad this was useful, Ben!

[@davidkneil1045]

Psychology is a huge part of trading, I am great at getting good entries but holding trades is hard for me. If I hold a trade it will reverse on me, if I TP then the trade will run for days.

[@lukamajikero3722]

i feel you

[@WORLD_WIDE_OFFICIAL_]

Trading when stressed or distracted can lead to poor decisions. Only trade when you're focused and calm.

[@job_mwangi_ngugi]

😂😂😂 trauma

[@mitchiarikov2614]

Thank you for an excellent video.

[@realtimeforextraderthebrut8571]

Great video / interview! FULL of useful insights!!!! Looking forward to more of your posts….

[@StejD1110]

Trading is incredibly powerful tool for self growth...what an amazing statement.

[@WORLD_WIDE_OFFICIAL_]

Trading when stressed or distracted can lead to poor decisions. Only trade when you're focused and calm.

[@rogergarcia306]

Very insightful: paraphrase "trading can be a psthway to personal growth"

[@mpwrtrades]

Good stuff! 5 stars all the way , thank you for the honesty!

[@lemunz]

great interview

[@whynotnaveen]

Valuable interview. Took lots of notes. Thanks to both of you.

[@nickk9499]

great interview and insights

[@brucesmith6868]

Thanks E the psychological part of trading is just as important as the charts.

[@michaeljr4085]

more important

[@CindyBarrymore]

I love this interview.

[@FighterFred]

To avoid all of that is why I'm doing algos only.

[@kturcios]

Amazing interview.

[@aravindsubramaniam7930]

What many people dont do in trading is adding position when the trade on your side . My win probability is only 40% but r:r of 1:3 but i make it bigger by adding more position inside the trade .

[@alexlimion2624]

Fabulous Interview. Thank you Erienne and Andrew!

[@garrethdavis]

Just found you today. Thank you for your really good videos and interviews.

[@DesireToTRADE]

My pleasure, Garreth! I’m really glad you like them 🙌

[@jashkons]

very helpfull video

[@binoybhatt]

that was very helpful....👍👍👍👍

[@DeevonWesLaRue]

Great insights here!

[@hassanenriqueamundsen8635]

Great Interview!

[@donvaughn4239]

The biggest mindset in trading that most can't except u can do everything right and still have a loss because it's shades of gray

[@josuer.f.9042]

This is probably the best view I’ve seen on psychology 💯

[@DesireToTRADE]

I'm very glad to hear that :)

[@user-ff4qt4lx3b]

What a joy to gaining money with your strategy... It works every time for me

[@anderson6379]

Brilliant 👏🙌👌👍 Thanks for this knowledge 📚 sharing

[@raymondrojas6913]

This is the first video I see in this series where the interviewee gets more in depth into how the psyche of a trader can affect the dynamics of his relationship with the market. Very valuable information. Thanks.

[@DesireToTRADE]

Glad it was helpful! Thanks, Raymond!

[@josuer.f.9042]

💯💯💯💯💯

[@TheTradingBattle]

Great insights on ego and making profits in the markets.

[@Tonydurns207]

Your interviews are amazing! I’ve come to end of a profitable year and I did all this mental work with the guidance of Stacey Burke. He has a KZbin channel and he was a professional athlete but some of the best information I’ve gather from him was based on psychology and mental preparations.

[@edgewrld]

quality content right here

[@matthewvelasquez5630]

probably going to watch this video multiple times, these interviews bend the learning curve.

[@mujahidsh8942]

Thank you sir you are great

[@LawrenceChung]

06:40 I agree with him so much on this. I started trading to improve my mental health and its going sound :)

[@Stockafella]

Great vid my man!!

[@DesireToTRADE]

Glad you liked it!

[@melikeyalcnoglu8504]

Thanks dear ❤🎉❤🎉

[@terrywilliams2349]

Great interview!! 🔥🔥

[@bashka99]

Love this guy. Great stuff

[@DesireToTRADE]

Much appreciated!

[@jamesedwards8308]

Wow, I've been trading successfully since 1998. I'm an Economist and particularly good at modeling not only the economy but also the markets' structure. I found this video by accident, and I have to say I watched it five times before taking a break. I never, ever watch trading videos. This video is a KEEPER. It is clear, actionable, and if anyone listens to it, and follows the advice they will find their trading will improve. My nearly 30 years screamed "where was this when I started"!

[@DesireToTRADE]

Awesome!! Keep crushing it 💪

[@vspini6943]

I`m glad I found this interview, keep up the good work Etienne, I downloaded The Boom & Bust Cycle paper about a year ago, and it changed the way I look at myself and my relationship to the markets. That article filled a gap in my methodology and my account since ,is showing positive results. Cheers

[@DesireToTRADE]

That’s great to hear! I’m very glad you liked the interview!

[@warrennorton5974]

That was the best yet.

[@DesireToTRADE]

Thanks Warren! Much appreciated!

[@Jermyification]

This is good

[@MrRevolation]

This is gold

[@MarriedtothePip]

I liked this conversation.

[@DesireToTRADE]

Glad to hear that!

[@pkealoha76]

I'm going to rewatch this after every account blown for a greater impact.

[@jeremygood3246]

When you invest, you're buying a day you don't have to work

[@marsery]

Terrific video / content with Dr Menaker : thank you Etienne & Dr Menaker ..I agree :" self growth is a by product of trading",has to be if you do it long enough .. not many people have to check themselves and say to oneself " hang on here , you need to address this " etc..I no longer mind being wrong short term ..what is still a struggle is the fear of loosing too much or not managing it right ..studying maths & statistics helped me a lot ..when you design programs you don't put so much "ego/ importance" on one single trade/data point ..you need a a whole series of trades /data etc..to start having an "opinion" ..trading can be painful , whipping ourselves for X and Y

[@WORLD_WIDE_OFFICIAL_]

Trading when stressed or distracted can lead to poor decisions. Only trade when you're focused and calm.

[@markgergen4536]

This is a gem. I will probably watch this a few more times in the years to come.

[@DesireToTRADE]

Very glad to hear!

[@brandon74185296]

Right on

[@achyutgautam2080]

Andrew is great. Valuable,thanks

[@darm888]

Beautiful

[@elitradesmomentum]

Legit Coach💰

[@costumeninja1914]

Not trading is trading!

[@Oliverpatron96]

Do you even have time to trade? Could you show us some trading vids pls would be cool to see how you think looking at charts :) always learning

[@DesireToTRADE]

Yeah I used to do more chart videos because they don’t get many views. Looks like people want to see interviews instead. I’d love to get some more thoughts!

[@j0gs796]

@@DesireToTRADE You might also want to consider going live on YT sometimes when trading.

[@icc.concepts]

PLS SHARE THE WEBSITE OF ANDREW MENAKER

[@WEALTHCLUBFX]

Guys,invest in discipline before you start trading and you will see growth in your forex trading.

[@videoloopsroyaltyfree88]

Thousands thumbs up! Really appreciate it. Thank you very much

[@DesireToTRADE]

Glad that was useful!

[@billparsons837]

Good points but me keeps saying “you know?” No I didn’t know.

[@kanokkeereelang2915]

Best

[@arinnfc]

start trading with a stable mindset, fadhillah ahmad also teaches the material in clear forex nfc.

[@a.b.712]

all emoations are removed by proper stop loss :) thats it.

[@TradingQuest]

"I'm limiting how many retail traders I'm taking on" while clearly promoting himself in this video to get retail clients is a red flag.

[@DesireToTRADE]

It’s not a red flag. Everyone has a limited number of hours per day. Andrew has some institutional clients too and might prefer working with them instead.

[@TradingQuest]

@@DesireToTRADE I could be wrong but I gathered him going on your interview was a way to promote himself to retail, because there are likely better ways for promoting to institutional traders, and him repeating that there were limited spots just sounded like a bad advertisement and disingenuous at the same time.

[@wadezwane5758]

Wow, this fighting against authority is one of my weakeneses.

[@markgrenier6787]

Great contact but hey buddy you got to slow down your talk your way too fast I want to listen but it's hard slow down please

[@DesireToTRADE]

Thanks for your feedback!

[@aslytonio4248]

@@DesireToTRADE -- Yes, Dr. Menaker insighful on psychology is a gem; I really appreciate this interview but please slow down your talk: hopefully the transcription helped me. :)

[@petefrislid7219]

Dude In the white shirt slurs words like drunk 🎉

[@dose8738]

hey i love trading too. but let's not compare the market with the Lord ;p Praise Jesus.

[@Jeodan89]

I’m of

[@teresaryan5192]

how can i reach him?

[@Jeodan89]

Havy79 VlA Te le gr am.....📧✅

[@teresaryan5192]

@@Jeodan89 Thanks for the insights and recommendation👍

[@AiForexHill]

🫡🫡🫡🫡🫡

[@ericson4534]

These are golden nuggets. ThNk you! 🎉🎢🇨🇦

[@DesireToTRADE]

My pleasure!