Home › Market News › The Impact of Emotions and Feelings on Trading with Dr. Andrew Menaker
We tend to use the words “emotions” and “feelings” interchangeably. But according to psychologist Dr. Andrew Menaker, there’s a big distinction between the two and it can get in the way of your trading strategy. Listen to this week’s episode for some tips on trading psychology with an expert.
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.
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.
A licensed clinical psychologist with a PhD and extensive experience in performance enhancement techniques, Dr. Andrew Menaker 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.
Andrew’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.
Limit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/
Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.
Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.
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