Trade At Your Best

Trade At Your Best explores how you can train your mind, brain and body so you can achieve your trading potential

Podcast host, Steve Ward, is one of the world’s leading experts on trading performance and trading psychology and has been working with trading talent at major investment banks, hedge funds, investment firms, commodities trading houses, energy companies and utilities, and proprietary trading groups across the globe since 2005.

During that time Steve has helped thousands of traders to develop the mental, emotional and physical skills required to overcome the challenges that trading the markets can bring for any trader such as dealing with losses and losing runs; managing emotions such as fear, anxiety and overconfidence; managing risk effectively; dealing with uncertainty, novelty and volatility; reducing decision making biases; navigating changing and challenging market conditions; being patient; overcoming hesitation and overtrading; and dealing with stress and fatigue.

The podcast episodes provide a combination of knowledge, insights and actions drawn from research and practice in the fields of psychology, decision science, neuroscience, peak performance and physiology, combined with Steve’s real life experience of what actually works with his clients on the trading floor – blending the science and the art of enhancing trading performance.

Latest podcast episode

Episode 4

Getting Comfortable With The Uncomfortable

In this episode we are going to take a look at what I feel is one of the core psychological challenges facing traders, and one which underpins many of the common decisions errors such as running losses, taking profits early and not pulling the trigger ,that traders make – seeking comfort in the short term at the expense of increased returns in the long term. I finish by sharing three ideas for ways in which you can develop your own ability to get comfortable with the uncomfortable, to trade with poise.

Key themes covered include…

  • Losses, regret, uncertainty, being wrong, missing out and other aversions
  • Aversions and the flight to comfort
  • The short term comfort v long term gains pay off
  • Learning to accept and get good at being uncomfortable
  • How one traders insight that ‘discomfort is normal’ enhanced his trading performance
  • The research with FX traders that showed that the best way to get good at discomfort is to get lots of practice at being uncomfortable
  • Developing poise – taking effective action when it is uncomfortable
  • The importance of training the psychological skills to deal with discomfort
PDF Transcript

Previous podcast episodes

Episode 3

What Is A Good Trading Decision?

In this episode we are going to think about trading decisions, explore what a good trading decision is, what a bad trading decision is, the relationship between your trading process and your trading results, and I share a case study of one of my clients who made one key mental shift – perhaps the most important mental shift required for making better trading decisions - which helped him to trade with less stress and anxiety, make better decisions and improve his trading results. I will also share some strategies that you can utilise for reducing your own decision making stress and anxiety levels, so you can enhance your decision making and maximise your returns.

Key themes covered include…

  • What is a good trading decision?
  • The 4 quadrants of trading decision process and outcomes
  • Why your brain is attracted to your P&L, but it ultimately works against you
  • The research showing the impact on performance of being to results focused in your decision making
  • The research showing the benefits of becoming more process focused in your decision making
  • A case study of how one client reduced his stress and anxiety levels, improved his decision making process and made more P&L with one shift in his mindset
  • How you can make better decisions by reducing outcome attachment and adopting a mastery approach
PDF Transcript

Episode 2

Developing Situational Awareness - The Mental Skill of Trading Discipline

Key themes covered include…

  • What is Situational Awareness?
  • Why situational awareness is important to high performance trading
  • How training situational awareness strengthens the mental muscles of self-discipline
  • The use of mindfulness-based approaches for developing situational awareness
  • Marine mind fitness training and developing situational awareness for enhanced decision making under conditions of risk and uncertainty
  • The observing self, and how a top hedge fund trader ‘watched himself’ trade at his best
  • A mental training technique for developing situational awareness
PDF Transcript

Episode 1

Becoming A Better Trader

Key themes covered include…

  • Mastery – the mindset shared by elite athletes, soldiers, poker players and traders
  • The performance revolution and the science of improving performance
  • What is trading performance?
  • The importance of shifting from an obsession about results to an obsession with how to achieve trading excellence
  • The 4 S’s of high-performance trading
  • The importance of training your mind, brain and body for achieving your trading potential
  • The future trading you -– a coaching framework for identifying your future best trading self and identifying the actions required to get there
PDF Transcript