The Impact of Emotions and Feelings on Trading with Dr. Andrew Menaker

<p>We’ve been saying this for months now, but people are feeling a lot of uncertainty with the current market and don’t even know where to begin. This week on Limit Up! Jack and Dan brought in psychologist Dr. Andrew Menaker to offer advice on dealing with this turbulence from a mental standpoint.</p><p>Dr. Menaker discussed what the difference is between feelings and emotions – words we use interchangeably but mean different things. He has some great tips for day traders interested in micro-contracts and also talked about what he calls your “inner market.” Listen to get in touch with your inner market.</p><ul><li>[02:42] - This week: Dr. Andrew Menaker</li><li>[04:34] - Interview with Dr. Andrew Menaker</li><li>[07:38] - Institutional bank trader vs. retail client</li><li>[10:28] - Market psychology</li><li>[13:48] - Overcoming emotional biases</li><li>[17:26] - Trading Holy Grails</li><li>[18:51] - Micro contracts</li><li>[25:09] - The difference between emotions and feelings</li><li>[29:58] - The inner market</li></ul><br/><p>A licensed clinical psychologist with a PhD and extensive experience in performance enhancement techniques, <a href="https://www.andrewmenaker.com/" rel="noopener noreferrer" target="_blank">Dr. Andrew Menaker</a> has been a high performance coach for traders, portfolio managers and executives at banks, hedge funds and proprietary trading firms since 1995. His clients are among the top professional traders in the world.&nbsp;</p><p><a href="https://www.linkedin.com/in/andrew-menaker-phd-b2870323/" rel="noopener noreferrer" target="_blank">Andrew</a>’s approach effectively translates recent neuroscience research into actionable steps that improve performance. He uses a variety of methods to change one’s response to risk and opportunity, using emotion as a source of information and understanding unconscious motivations. He addresses the mind-body connection, so may include biofeedback, as well as assisting clients in creative and intuitive development.</p><p>Limit Up! is a podcast for trade