Wired for Safety 2

Dr Daniel Crosby and Louise Bedford on our primitive brains versus investing.Louise BedfordHow we react hunting on the savannah with the sabre tooth tiger over our shoulder is not always compatible with how to make money in the market.Our instinctive reactions can prevent us from cutting a loss short and letting your profits run. But once you hear it broken down you can reprogram yourself and make profits. Dr Daniel CrosbyDr Daniel Crosby continues to break down behavioural finance into practical applications.We look at two more behavioural errors and biases for humans: The need for ATTENTION and doing the small things correctly (7.30 mins) CONSERVATISM and the desire to protect a known status quo. (9.55 mins)We then talk about the topic on everyone’s lips, Corona Virus and the impact it is having on share traders. Not only are the markets affected so is our mental health which impacts our trading decision making.At 13 mins we talk about why humility makes you into more profitable traders and Daniels Ted X Talk You are Not That Great.He breaks down the flavours of ego – can you relate to any of these? We think we are better than average. We think we can know the future with greater certainty. We think we are luckier than average.His key message for traders to take home during this period is that your trading will be as good or bad as your wellness. (24.40 mins)To find out more about Dr Daniel Crosby go to: LinkedIn Daniel Crosby PhD or Twitter @Daniel CrosbyOr listen to his podcast Standard Deviation  Tired of feeling like the market has the upper hand? That confusion is costing you money and peace of mind. My Trading Made Simple video course cuts through the noise. In just a few lessons, I’ll show you the exact steps professionals use to trade with confidence — no guesswork, no fluff. Go to tradinggame.com.au right now and grab it for free. Don’t stay stuck — clarity is just one click away.   The Van Tharp Trader Test uncovers your natural decision-making style, your psychological strengths, and the hidden habits that shape your results.  If you want clarity, and confidence start with understanding you. The Trader Test shows you where you shine, where you struggle, and how to build a trading approach that fits like a glove. Take the test and meet the trader inside you: https://tharptradertest.com/ Trade confidently. Louise Bedford is a best-selling author and founder of www.tradinggame.com.au and www.talkingtrading.com.au. Facebook YouTube Twitter LinkedIn