During the WSOP I did a really good long form interview with Remko Rinkema where we talked esports, the WSOP and how to prepare for the big MTT grind.
I have been doing more interviews with entrepreneurs like this one I did with Jay Wong from The Inner Changemaker Podcast. We dive into what is the mental game needed to be successful in life. If you want to have a strong mental game you’ll want to listen in.
I had a chance to chat with Aaron Fifield on the “Chat with Traders” podcast. It’s a wide ranging interview that covers:
- How I went from professional golfer to mental game poker coach, who helped my first client squash anger issues and make $600,000 in the space of four months.
- The benefits of removing negative and excessive emotion from decision making, and the various exercises Jared uses with his clients to balance emotions.
- Tips for how to; study your own emotional reactions, recognize flawed patterns which can be corrected, and separate tactical errors from mental game errors.
- Jared fleshes out the seven types of “tilt” poker players and traders can experience, and when (in your career) you should begin working on psychology improvements.
- Pointers for how to maintain concentration, focus, and high levels of alertness throughout the trading day—especially important for short-term day traders.
I’m best known these days for my work helping world class poker players eliminate their mental game weaknesses. However, in recent years I have been working a lot more with financial traders to do the same thing. This was a natural addition to my portfolio. A lot of traders found my book The Mental Game of Poker very useful and they discovered it because a lot of traders play poker, and a lot of poker players have turned to trading.
The terminology may be different, but poker and trading are very similar fields. Not only do the same critical skillsets exist for both, the same mental game issues impact both sets of participants. [Read more…]
For those of you that don’t know, I started as a mental game coach for golfers after using counselling psychology to fix my own mental game issues as a professional golfer. I then moved over to poker where I found a lot of success helping world-class professional poker players overcome their own mental weaknesses. One of the biggest issues poker players (and traders) have to deal with is variance. No matter how skilfully they execute a decision, they can still lose money because of bad luck. However, over the long term, if they are able to continue making good decisions, they will be rewarded.
Many people might think this volatility is just pertinent in fields where uncertainty is rife like poker and trading, but that is not the case. The fact is that there is a great deal of variance in golf, and I have no doubt almost every other sport. However, few people understand or even acknowledge this variance, which leads to mental game issues that hold their progress back.
I’m not talking about misfortune either. While it is certainly true that conditions like weather can play a crucial role in the outcome of a match, that is something we have little control over. What I am talking about is the variation that exists within your own skill set. The fact of the matter is that even when all the conditions remain the same, you will hit a shot differently every time. [Read more…]