psychology place 90% role in trading lots of factor that affect trading is tilt , fear, motivation, and confidence the learning process model also play one of the important roles in trading

1. TRADERLIFESTYLE.IN
THE
PSYCHOLOGY
OF TRADING
Shubham Tamrakar
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

2. What We'll
Discuss
TOPIC OUTLINE
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R
K E Y D I S C U S S I O N P O I N T
Tilt ,fear, motivationand confidance
D I R E C T A N D I N D I R E C T T H I N G S W H I C H
A F F E C T T R A D I N G
T H E P R O C E S S M O D E L
The process model has five parts that all work together:
1.prepare
2.perform
3.result
4.evaluate
5.analyze
T H E A D U L T L E A R N I N G M O D E L ( A L M )

3. T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R
Before we begin
HOW DO YOU APPROACH PROBLEMS?
asyouknowtradingis90%psychologyoftradingand10%
technical,asfirstofallyouwillhavetoidentifyhowmany
percentageofthet90%tradingpsyhchologyyouknow,andto
knowingtradingpsychologynotenough,youwillhavetoalso
knowthathowyouwilltradewithpsychology

4. Z I M C O R E H U B S | D E S I G N T H I N K I N G
90%
Psychology
10%
technical
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

5. WE CAN'T SOLVE
PROBLEMS BY USING THE
SAME KIND OF THINKING
WE USED WHEN WE
CREATED THEM.
PONDER ON THIS
- ALBERT EINSTEIN
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

6. KEY DISCUSSION POINT
TILT FEAR MOTIVATION CONFIDACE
Tilt=Anger+Bad
Play LOSINGMONEY
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R
Motivationisthe
emotionorenergy
behindachieving
yourgoals.
confidanceisthe
processofbcome
consistent
profitabletrader

7. What is
TILT ?
Tilt=Anger+BadPlay I n j u s t i c e T i l t
H a t e - l o s i n g T i l t
M i s t a k e T i l t
E n t i t l e m e n t T i l t :
R e v e n g e T i l t :
D e s p e r a t i o n T i l t :
SEVEN TYPES OF TILT
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

8. 1 . I N J U S T I C E T I L T - T H I S I S N ’ T F A I R , I ’ M D U E T O R U N N O R M A L , I N E V E R W I N A F L I P
2 . H A T E - L O S I N G T I L T - H O W I S I T P O S S I B L E T O L O S E L I K E T H I S A G A I N !
3 . M I S T A K E T I L T : - I K N E W T H A T ! D A M M I T , H O W C A N I P L A Y S O B A D ?
4 . E N T I T L E M E N T T I L T : - I ’ M T O O G O O D O F A P L A Y E R F O R T H I S T O H A P P E N . H O W C A N I K E E P
L O S I N G T O T H I S
D O N K E Y
5 . R E V E N G E T I L T : - I ’ M G O N N A 3 - B E T T H I S I D I O T ; W H O T H E F * & % D O E S
H E T H I N K H E I S ! ? F * & % Y O U I
S H O V E
6 . D E S P E R A T I O N T I L T : - “ I ’ L L S T A Y H E R E F O R A F U C K I N G W E E K I F I H A V E T O
W I N ! ”
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

9. What is
FEAR?
IN A TRADING FRAR IS ONLY OF LOSSES AND THE BIGGEST CAUSE OF FEAR IS
OVERTHINKING
REMEMBER THAT IN A TRADING LOSSES DOES NOT EXIST,IT IS EXIST ONLY
LEARNING
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

10. T H E I M P O R T A N T Q U E S T I O N T O A S K : W H Y D O Y O U H A T E L O S I N G ?
1 . I S I T T H E F E E L I N G ? - L O S I N G O F T E N F E E L S T E R R I B L E , C A N G O O N F O R
A W H I L E , A N D E V E N A F F E C T S O T H E R A S P E C T S O F Y O U R L I F E .
2. S IT THE MONEY? WINNING MONEY IS ULTIMATELY HOW YOU’RE MEASURED IN POKER. IT
MAKES SENSE WHY YOU’D HATE LOSING IT.
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

11. YOU CAN’T CONTROL THE
CARDS, YOU CAN ONLY
CONTROL
HOW YOU PLAY.
PONDER ON THIS
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

12. What is
MOTIVATION?
Motivationisthemoresolidandstableenergythatkeepsyou
consistentlyworkingoverthelongterm,whileinspirationprovides
short,intense
burstsofenergyneededtogetyoufireduportostayontrack.
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

13. COMMON MOTIVATIONAL
PROBLEMS
1 . L A Z I N E S S
2 . P R O C R A S T I N A T I O N
3 . R U N N I N G G O O D A N D B A D
4 . B U R N O U T
5 . G O A L P R O B L E M S
6 . S T O P D R E A M I N G
7 . A B S E N C E O F L E A R N I N G
8 . N U M B T O E M O T I O N
9 . F R E E R O L L I N G Y O U R T A L E N T
1 0 . H O P E L E S S

14. MOTIVATION IS THE
EMOTION OR ENERGY
BEHIND ACHIEVING YOUR
GOALS.
PONDER ON THIS
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

15. T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R
What is
confidence?
Resultsshouldn’tcontrolyourconfidence,youknowthat,butyou
stillcan’tstopfrom
goingthroughthehighsandlowsofwinningandlosing.
confidanceistheprocessofbcomeconsistentprofitabletrader

16. Here are a few ideas on how to improve your
ability to recognize your trading skill:
2 . C R E A T E A L I S T O F T H E G R E A T E S T W E A K N E S S E S I N Y O U R
G A M E .
1 . I D E N T I F Y T H E S T R E N G T H S I N Y O U R G A M E T H A T A R E P R O V E N T O B E A T T H E L E V E L O F
U N C O N S C I O U S C O M P E T E N C E . .
3 . I D E N T I F Y T H E E N T I R E R A N G E O F Y O U R G A M E F R O M Y O U R C U R R E N T A B S O L U T E W O R S T , T O
Y O U R C U R R E N T A B S O L U T E B E S T .
4 . E V A L U A T E Y O U R G A M E R E G U L A R L Y . A F T E R E V E R Y S E S S I O N , A N A L Y Z E H O W Y O U P L A Y E D ,
W H A T I M P R O V E D , A N D W H A T N E E D S M O R E W O R K . S E T G O A L S F O R T H E N E X T S E S S I O N B A S E D
O N Y O U R E V A L U A T I O N .
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

17. DEVELOPING STABLE
CONFIDENCE
Y O U M A Y S O L V E A L L O F Y O U R C O N F I D E N C E P R O B L E M S B Y I M P R O V I N G T H E F O L L O W I N G
T H R E E S K I L L S :
1 ) T H E S K I L L O F R E C O G N I Z I N G V A R I A N C E
2 ) T H E S K I L L O F R E C O G N I Z I N G Y O U R S K I L L
3 ) T H E S K I L L O F R E C O G N I Z I N G Y O U R O P P O N E N T S ’ S K I L L
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

18. WANTING TO WIN ISN’T A
PROBLEM. THE PROBLEM IS THAT
YOU BELIEVE THE LIE THAT SAYS
YOU HAVE A RIGHT TO WIN ALL
THE TIME.
PONDER ON THIS
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

19. Z I M C O R E H U B S | D E S I G N T H I N K I N G
Direct and
indirect things
which affect
your trading
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

20. DIRECT THINGS WHICH
AFFECT YOUR TRADING
Z I M C O R E H U B S | D E S I G N T H I N K I N G
TRADING PLAN BACKTESTING ASR(ADVANCE
SELF-REVIEW)
JOURNALLING FORECASTING
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

21. INDIRECT THINGS WHICH
AFFECT YOUR TRADING
Z I M C O R E H U B S | D E S I G N T H I N K I N G
SLEEP HEALTH FOCUS
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

22. “The process model”
organizes the naturally recurring parts of your entire poker game so you
can put the principles of the ALM and inchworm into action day after day.
PREPARE PERFORM RESULT EVALUATE ANALYZE
Z I M C O R E H U B S | D E S I G N T H I N K I N GT R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

23. “The process model”
organizes the naturally recurring parts of your entire poker game so you
can put the principles of the ALM and inchworm into action day after day.
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

24. THE ADULT
LEARNING MODEL
Describes the four distinct
levels of the learning
process.
Z I M C O R E H U B S | D E S I G N T H I N K I N GT R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

25. THE ADULT LEARNING
MODEL
Z I M C O R E H U B S | D E S I G N T H I N K I N G
UNCONSCIOUS
INCOMPETENCE
CONSCIOUS
INCOMPETENCE
CONSCIOUS
COMPETENCE
UNCONSCIOUS
COMPETENCE
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

26. Unconscious
Incompetence
if you don't know what you
don't know In other words,
you’re blind to the ways that
you lack skill decition,
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

27. Conscious
Incompetence
Now you’ve become conscious
of what you don’t know. But
that doesn’t make you skilled, it
just means you know what
skills you need to improve.
Becoming conscious happens
from either your own insight or
insight that is shared with you
by someone else.
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

28. Conscious
Competence
If you’ve reached this level, it
means you’ve done some work
and/or have had enough
repetition to gain some skill.
The only catch is that in order
to be skilled, you need to think
about what you’ve learned …
otherwise, you return to being
incompetent.
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

29. UNCONSCIOUS
COMPETENCE
At this level, you’ve learned
something so well that it is now
totally automatic and requires no
thinking. Unconscious Competence
is the Holy Grail of learning, and by
far the most important concept in
this book.
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

30. Z I M C O R E H U B S | D E S I G N T H I N K I N G
Meet Shubham Tamrakar
FX_TRADER
owneroftraderlifestyle.in
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R

31. Z I M C O R E H U B S | D E S I G N T H I N K I N G
FACEBOOK
Traderlfestyle.in
LINKEDIN
Traderlfestyle.in
INSTAGRAM
Traderlfestyle.in
CONNECT WITH SHUBHAM
T R A D E R L I F E S T Y L E . I N | S H U B H A M T A M R A K A R