You've Been Lied to About Emotions in Trading

🔥 FREE access to our exclusive Trader Masterclass: duomotrading.com/FreeMastercl...
___
It's rule 1 of trading psychology... keep your emotions out of your trading. But what if that rule is wrong? I'm going to show you how to use your emotions as an advantage!
💻 Check out the products and services I use for my trading: duomotrading.com/Resources
📺 Market Movers is our second channel covering financial news and analysis: / marketmoversfinancialn...
💬 If you’d like to get in touch, you can reach us on social media or leave a comment on this video - we read all of them and try to respond to as many people as possible.
▶ Instagram: / duomoinitiative
▶ Facebook: / duomoinitiative
▶ Twitter: / duomoinitiative
🌍 Website: www.duomoinitiative.com
📃 We like to share evidence-based information as much as possible, so we can avoid the false and misleading information that’s far too common in the world of trading and investing.
Here are some of the sources used for this video (this list is not exhaustive):
- Descartes' Error - Antonio Damasio
- The Feeling of What Happens - Antonio Damasio
- Synaptic Self - Joseph Ledoux
- The Hour Between Dog and Wolf - John Coates
- From Brain to Mind - James Zull
- Thinking Fast and Slow - Daniel Kahneman
- Market Mind Games - Denise Shull
- Affect and Financial Decision-Making: How Neuroscience Can Inform Market Participants (2007) - Richard Peterson
- Being Emotional During Decision Making - Good or Bad? An Empirical Investigation (2007) - Lisa Feldman Barrett & Myeong-Gu Seo
(Sorry for any that were mentioned and missed from the list!)
TRADING PSYCHOLOGY:
We dive into the world of neuroscience and psychology to find out whether emotions are truly good or bad for trading. The results are surprising. In fact, the common rule that we should keep our emotions out of trading appears to be wrong. We go through various studies and sources to discuss what emotions are, how emotional connections are formed, how emotions affect decision making, how emotions affect trading and how we can use our emotions to our advantage. Your trading psychology will never be the same again!
#TradingPsychology #TradingEmotions #TradingMindset

[@marketsqueezer]

Spot on. I try to evaluate my emotions during trading and suppress my bias of being bullish or bearish, but looking at the market as it is, because my emotions and bias will not help.

[@angus3963]

Great content with loads of value, new subscribers and going over some of your older content, really enjoying it!

[@jonathaneleve5718]

my motivator thank you very much for your advice, I look forward to meeting you someday!

[@Duomoinitiative]

Thank you Jonathan 🙏 - Nicholas

[@hoodhommie9951]

This has to be one of your greatest video. Hey what's that background beat at the end?... it's smooth

[@Magani79]

Loved it! thank you so much!

[@mihaibeta]

kudos for the time invested into making this vid

[@jakobsundstrom7329]

jeez, thats a scary thumbnail x)

[@suhaibjubori9331]

Amazing video Nicholas!!! Very informative

[@Rufeorufeo]

As always fantastic video , thank you 🙏

[@livenletlive266]

Thanks Nicholas for this insightful video 🙏

[@rejuvenationpoweroffthegre6427]

Thank you Nicholas, it has been a great one , actually reading some esoteric literature and have found the same findings , as what you have shear can be implemented in any situation in day to day life ....

[@christosleftheriotis7765]

Amazing presentation..great information as always..

[@matcoprutcher3924]

I needed to hear this like today 😍😍

[@ashrafadel3476]

Valuable content around unique trading topics. Many thanks Nicolas for sharing your experience!

[@pierrecolin7856]

Verrrrrey important vidéo !! Émotion are impossible to shut down

[@shubhamdeshmukh4906]

Sir i follow your chanel From 1 month Ago.. & Almost I saw 70℅ videos.. You explain very Deeply , & your Level of Content is very High.. No other Chanel's found me.. Like this.. You give my all Questions Answer's... Thanks a lot sir keep Sharing your valuable Knowledge with us... Thanks ...Respect From- India 🇮🇳🙏🙏❤

[@111yohan]

some key points realated in the book Trading in the zone. very good

[@anthonymolloy823]

Awesome. Very interesting indeed!

[@kensmureti6353]

One week in your well prepared content... am loving it. Its not a mere pull down of many retrogressive traditions in this industry but you also bring a new perception that is liberating. Appreciates the intense research you carry out.

[@Duomoinitiative]

Thanks so much Kens, I really appreciate your comment. - Nicholas

[@RyanGazling]

Super insightful! who knew emotions could be useful for trading. thx dude

[@Duomoinitiative]

Thanks Cedric! 🙏 - Nicholas

[@wadimek116]

Im aspergers and Im quite new at trading. I don't really feel emotions while trading its more like a game for me so I guess it should be easier but it isn't. Im still red after dozens of trades. Usualy my long term trades are profitable but my short few h trades are losing. I got my system and stuff but Im still red depending on week. I could wait 2 weeks or something but that wouldn't count as being consistent at day trading.

[@Vemrah]

this channel is amazing .... !!

[@janallengo6350]

i just discovered your channel. some really great stuff

[@Duomoinitiative]

Thanks a lot! Hope you’ll stick around. - Nicholas

[@Duomoinitiative]

🔹 Get FREE access to the Duomo Trader Development Program: duomotrading.com/FreeDuomoTraining 🔹 Add us on Instagram: instagram.com/duomoinitiative/ 🔹 Our second channel for financial news and analysis: kzbin.info

[@ondrej0977]

Great stuff

[@EinnorX5.1]

Struggling trader myself, m working on my psychological aspects. Two years in and still learning….

[@ThreeGss]

Amazing video. thank you

[@Duomoinitiative]

Thank you! 🙏 - Nicholas

[@somtonnamani5422]

Psychology in trading is underated

[@briant9966]

thank you

[@Duomoinitiative]

You’re welcome Brian! - Nicholas

[@papimphahlele8166]

Please share the name of the artist of the background music

[@kedar54]

Great video

[@boryskirp4765]

One of you best videos! Working a lot with Mark Douglas his books and what you say are gems as well!

[@Duomoinitiative]

Thank you Borys! Really appreciate that 🙏 - Nicholas

[@frankdelbosque244]

Really Enjoyed and appreciated this video!! It was very knowledgeable and I can also relate to it as well, especially today being a red day!😡 i I have been trading for 7 months now and I’m not going back into that Big Wave again- Risk Management 👍-

[@Duomoinitiative]

Thanks so much Frank! Red days will always happen, just got to see it as part of the process and focus on your long term performance. As you said, it's all about risk management! - Nicholas

[@130rne]

I'm BPD and I was in DBT for a year and a half. This is the exact same psychology. Mindfulness is the basis of DBT, wise mind is a decision making process which combines the rational and the emotional. There is literally no difference. If you want to learn trading psychology, study DBT. It was created for people with BPD for when nothing else worked.

[@Uborpriest]

Sleek production on this one! You really just wanna help traders eh? Thanks for continuing to pump stuff out

[@Humantrader007]

You're the best! 😎😎😎😎

[@Duomoinitiative]

Thank you! 🙏 really appreciate the support - Nicholas

[@keepwalking6041]

i am on a huge run, 10 trades out of 10 trades, and i feel nervous as a nervous can be.. i actually subcosnciously i think i want to have a looser just to get it over with..omg, the pressure is immense, i can't stop thinking about it, i see my risk aversion increased and my reward to risk ratio drop because of it, so.. what to do in such cases, should i just deliberately fail a couple of trades and get this over with?

[@Tr1Hard777]

Wait till you have 10 losers in a row.

[@mrithun15]

Can you make a video on High reward to risk ratio vs high win rate

[@Duomoinitiative]

Can you elaborate a bit on what you’re looking for and we’ll see what we can do. - Nicholas

[@eddyfreddy4277]

What are your top 5 videos you've made?

[@danvin7716]

This is the most badass content traders crave for, cheers , Love from Kenya, Africa

[@Duomoinitiative]

Thank you Dan! Really appreciate it - Nicholas

[@danvin7716]

@@Duomoinitiative you’re a champion, you deserve all the credit, you’ve blessed many across the globe like me 🙂

[@nipponia1]

i am emotional too when i m trading.it s imposible to be robot :))))

[@ThreeGss]

i wonder how we can practice difficult decision situations

[@Duomoinitiative]

I think using a simulator can help, alternatively spending time trading with a demo account and specifically experiencing these sort of situations will get you well prepared for moving to a live account. - Nicholas

[@Rayder4Life]

how do you have the motivation to make these videos ? it takes alot of time and effort, doesnt it take away from your trading career ?

[@Duomoinitiative]

I love doing videos like this. The research project for this was mind blowing. My trading these days only takes a few hours of my day on average (some more, some less). I do many things outside of trading - I just don’t sleep! :) - Nicholas

[@Rayder4Life]

@@Duomoinitiative well sleep is for the weak anyway, keep going :D

[@danvin7716]

@@Duomoinitiative Sharing love from Kenya, Africa,,, emotional intelligence content is the Engine and constitution of a traders performance,, thanks for the video

[@andrecog]

Only channel where I like a video before watching because I KNOW HOW NICK GETS DOWN. 🔥

[@Duomoinitiative]

Thank you sir 🙏 means a lot! - Nicholas

[@davewheatley]

My negative inner talk has destroyed my life.

[@jamoygrant6783]

I am in a very dark place living in a very toxic household I know I can trade good I take responsibility and but a lot of blame on myself but fuck. I will try to block out the bullshit but when I still literally in front of you it's hard to ignore and in back of my mind I know it's all fucked up. try to work on myself over the weekend and Monday arrive I feel balance and made good trading decision and made some money. Tuesday are arrive my parents pick an arrive with me for NO FUCKING REASON lasted for more than an hour I was in a trade that was slightly in profit and I closed it and literally watch the trade BLASTED TO TP. Feeling emotional and my week end on Tuesday I don't even remember what I did on Wednesday and this was the best week in this month I did even place more than 2 trades. BUT FUCK IT ALL I WILL STRENGHT UP BECAUSE I AM GOING COME OUT ON TOP.

[@Duomoinitiative]

Very sorry to hear that. I think rather than just trying to power through, maybe you should take some time out to yourself and not thinking about work or trading, just to ease some pressure and get some feeling of stability and balance. Sometimes if you just keep working with things like that going on it can start feeling claustrophobic with the pressure and just lead to more issues and unhappiness. Often the best thing you can do is take a break to reset yourself. I’m sure you will get through this 👊 - Nicholas

[@jamoygrant6783]

@@Duomoinitiative thanks man I really appreciate it didn't expected a reply and such genuine reply helps me feel less alone. Just going to meditate listen to some Bob Marley and smoke. THANKS AGAIN

[@Duomoinitiative]

That sounds like a plan! Look after yourself

[@ragingdragon360]

Emotions is one thing, how about hormones

[@CrystalCloudPodcast]

I fucking love you.

[@theepicpotatoe6073]

It took me five minutes to get to the brainwash joke😂😂😂 my thumb is tired of trying to pause but anyway im going to continue watching the video

[@Duomoinitiative]

🤣 I thought it would take longer for anyone to spot that! Well done - Nicholas

[@theepicpotatoe6073]

@@Duomoinitiative Awesome video with so many gems in it. This is the type of content I subscribed for haha. You’re doing a great job with these. I started trading 3 months ago and if it wasn’t for these psychology videos, I would still be revenge trading and blowing accounts. This was my first consistently profitable week thanks to having my psychology straight.

[@Duomoinitiative]

Thanks buddy, much appreciated! Congrats on the great week, keep the focus

[@armandovalencia6637]

I spent around 5 min trying to watch the subliminal 😂😂😂😂😂😂😂

[@marshallrauh]

It's all deepfake meta! Thats my reason for not shorting more heavily, that innate need to do what works most of the time even when you know it won't THIS time.

[@nehemaialord2653]

Damn is this video just for content sakes or is this legit research?

[@Duomoinitiative]

Legit research. Some of the sources are in the description. - Nicholas

[@jonathaneleve5718]

my motivator thank you very much for your advice, I look forward to meeting you someday!