Impulse vs Discipline: Why Most Traders Lose the Battle BEFORE They Hit Buy
episode
Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology
44 min
2 speakers
8 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
Why do traders lose discipline before they even place a trade?
Louise Bedvert here, the money chick and the host of the Talk and Trading podcast. If you've ever wondered why you can know your trading rules inside and out, but then still break those rules, then this is the show for you. Today, Dr. David Bernano explains the real battle that is happening inside your brain before you even hit the buy button. He is an incredible guest on the show. He has over 30 years in mental health. He's focused on PTSD, post-traumatic stress disorder, in the past. But today he is helping over 17,000 traders not only live their best life, but also escape those impulsive decisions that can drive a trading. Yeah. You're going to hear what adrenaline does to your system as you're trading.
And Dr. Dave is going to give you some small, simple habits that can shift the way you see the markets forever. Dr. Dave shares practical tools that he's been using with his thousands of traders to help them stay steady under pressure. And at the very end of the show, he gives me some advice that just about blew my head off. And you're going to want to hang on to hear what he has to say to me. So if you're ready to understand what is actually going on in your mind and a way that you can move from impulsivity to calm, cool decision making, then this is the episode for you. Help me welcome Dr. David Bonanno. Dr. Dave Bonano, welcome to Talking Trading. I wanted to kick off by asking you for the person listening to this show, if they were to take all of the ideas you're about to share with us to heart, what changes would they notice in their trading?
Thanks, Louise. I believe they there really wouldn't be a battle. Like, you know, a lot of times when people get advice online or from a guru or an expert or whatever, it's about changing your thoughts. And then that takes practice. And you have to kind of like, oh yeah, that's right. I have to be calm or I have to think in terms of probabilities or whatever. But I think that once you are able to sort of adjust your nervous system, then you wouldn't go into fight or flight and you wouldn't really have the adrenaline and it would sort of be like at the end of the session, you would be, Oh man, I guess I didn't really get worked up. So that's that's hopefully how it would be.
Ah, I love that. And you know the thing, I think sometimes we are our own worst enemy. It can plague us. You often say that traders lose the discipline battle long before they put on their first trade, even. So I'd love you to take us through a real life example of a trader who you've worked with who looked great on paper. but was tripped up by impulse.
Sure thing. So I started with people with PTSD and then my wife's uncle just came to me and he said that he was trading with a prop firm and then if he ever did go live, which he did sometimes, then he would just get like a surge of adrenaline, really. With Uncle Pat. He was too focused on the outcomes and I know that it's really hard not to be. And I that's one of the things of course I try to get people to do is to really have kind of that laser focus on their own performance. When money's on the line and and when you're thinking a little bit too globally, like this guy was thinking, Oh man, I really want to retire and anytime he would have a loss, he'd be thinking like, Oh my gosh, I'm never gonna retire and then I'm not gonna be able to please my wife and you know, like this whole
So for him, he was having a little too much of the fight or flight response. Now, you do want to have a certain amount of adrenaline because if you were to plot on a graph, performance anxiety, like you know, you need to have a little bit of adrenaline because if you didn't, then you wouldn't care and you wouldn't be engaged and you wouldn't have the mental energy to do what you got to do. But if you have too much, then you'll see. See on the graph that it really starts the performance starts to go down. So my theory is that when you go into fight or flight, and of course it's fight, flight, or freeze, your logical brain is actually designed to go offline.
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Chapters
8 chapters
1
Why do traders lose discipline before they even place a trade?
0:02–6:38
2
How does adrenaline affect the brain’s decision‑making before a trade?
6:38–11:58
3
What real‑life example shows impulse trading breaking a solid plan?
11:58–17:57
4
How can traders retrain their nervous system to stay calm under pressure?
17:57–23:39
5
What is the role of the “fight‑flight‑freeze‑fawn” response in trading mistakes?
23:39–28:32
6
How do EMDR‑based techniques help traders rewire impulsive habits?
28:32–34:55
7
Why is willpower an exhaustible resource and how can traders manage it?
34:55–40:32
8
How does the Max Discipline AI coach work and how can listeners access it?
40:32–44:34
Speakers
2 identifiedMore from Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology
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