The Mindset of a Trader | Hicham Benjelloun | TEDxYouth@RAS
688,474
Published 2019-10-24
Finance Professor This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
All Comments (21)
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if you found this video is boring, then you don't have a trader mindset. Trading is boring, if you looking for excitement through trading, the market will crush you.
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-probability mindset -poker face -highly organized and discipline (more than the average person) -be present -everything is a situation - replace positivity with clarity -replace hope with focus
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psychology is def most important aspect of a consistently profitable trader. in the words of my mentor : everyone see's the same chart but not everyone has the same frame of mind
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if you're trader then this is real jam , so underrated video .
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It involves controlling and tracking all the money flowing in and out of the business, as well as taking steps to make the company as profitable and financially secure as possible.
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This video is a gem. Probability is the soul of the trading game. Once you understand that probability is in your favor, it eliminates fear. The two strongest emotions i've had to deal with trading is Fear and Greed.
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Despite barely saying anything, he actually managed to say more than 95% of trader teachers
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Find a model. Backtest it. Give yourself a set amount of money you’re willing to lose. Think of this as your education. Try to have it last over the course of 1-3 years. Practice practice practice. Be emotionless with your wins or losses. You become a professional risk manager. It’ll take at least 1-2 years of consistent trading before you’re become profitable
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“The extend of success is pure luck. Do not expect to be a statistical error, expect something good to happen.” This sentence is the most truth I heared in a long time.
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I am a trader and spend too much time to learn and try to find a very good strategy to be always right when I place a trade but i am wrong,and i know most of new people those who come in market they try to find a magical strategy to be always right. I just want to say that trading is like a game of probability. You have to stick with your strategy and plan for a long time then you get a meaningful results.
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he brought me more positivity by telling me to be realistic than some positive thinking
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At start I thought I have started listening to a boring video But it turned out to one of the most interesting Ted talk out of all hundreds I have listened
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1. Replace Positivity with Clarity and Hope with Focus 2. Know the gap between what you want and what you have 3. Stop impacting the emotions that you have within you 4. One cannot judge things well if he/she is positive because positive is tomorrow 5. Reality expectations – things are as good as you think. Don’t expect too much but expect that can happen 6. Statistical outliers 7. Don’t go miracles or magical – Go mechanicals
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Don't go on view count and likes. This is really good. And most importantly his clarity towards his terms is excellent.
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This is an awesome presentation. I'm a trader and what he says is applicable in life not just trading.
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Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to kelvin Hurdle, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
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this is the most 24 minute I enjoyed in my life thanks a lot for this info.
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“Replace positivity with clarity and focus” wow 😮
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he was all over, but he nailed it on the concept, clarify and focus, find it everyday when you do in life or trading , then define your clarity and success and you will go far whoever is reading this. Thanks Professor Hicham.
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Here and now is a good place to be. Thank you sir.
