The Doctor Who Rewired The Psychology Of Wall Street Traders

On this episode of Words of Rizdom, we are joined by Dr Andrew Menaker. Andrew works with professional traders, hedge fund managers, bank traders, prop traders and independent traders to help them understand the real psychology behind trading performance.In this interview, Andrew breaks down why emotion is not the enemy, why every trader has an “inner market”, why your P&L can distort your self-worth, and why finding an edge is not the hardest part of trading.

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Timestamps:

00:00 - Intro

05:01 - How Traders See The Market Through Their Own Psychology

11:24 - Self-Awareness, Journaling & Emotional Control

21:31 - Institutional Traders, Retail Traders & Scaling Capital

28:19 - Imposter Syndrome & The 4 Trade Categories

34:25 - Process, Edge & Why Psychology Matters

43:00 - Andrew Menaker’s Trading Background & Trading Style

53:13 - Big Trading Mistakes, Lifestyle & Performance

57:26 - Breaking The Retail Trader Cycle & Public P&L Pressure

1:04:42 - Independent Traders, Responsibility & Prop Firm Rules

1:12:03 - Success, Money & Trading Regret

1:17:31 - NQ, Futures, Options & Andrew’s Trading Struggles

1:24:08 - When Trading Becomes Gambling, Debt & Desperation

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Disclaimer:

The content on Words of Rizdom is for informational and educational purposes only and should not be considered financial, investment or trading advice. I am not a licensed financial advisor, and the strategies, opinions, and commentary shared are based on personal experience of the respective guests. We are not personally affiliated with any of the guests featured in our episodes. The views expressed by our guests are their own and do not necessarily reflect the opinions or endorsements of Words of Rizdom.Trading and Investing involves risk, and you should always do your own research or consult with a qualified financial professional before making any investment decisions. You are solely responsible for your financial decisions. This channel and its creator are not liable for any loss or damage arising from the use of information presented in videos.