115 episodes

Mind over Markets is a weekly show hosted by George Papazov from TRADEPRO Academy. With over 20 years of experience trading the markets, George breaks down and dissects common psychological obstacles that all traders face in their journeys and provide actionable advice and tips to overcome these challenges in order to level up your trading performance. Whether you struggle with FOMO, recency bias or even controlling your ego while trading, the goal of this podcast is to become your go-to resource for building a bulletproof trading mindset! Learn how to take control of your trading psychology and start trading in the zone because you deserve it!

Mind Over Markets George Papazov

    • Business
    • 4.9 • 28 Ratings

Mind over Markets is a weekly show hosted by George Papazov from TRADEPRO Academy. With over 20 years of experience trading the markets, George breaks down and dissects common psychological obstacles that all traders face in their journeys and provide actionable advice and tips to overcome these challenges in order to level up your trading performance. Whether you struggle with FOMO, recency bias or even controlling your ego while trading, the goal of this podcast is to become your go-to resource for building a bulletproof trading mindset! Learn how to take control of your trading psychology and start trading in the zone because you deserve it!

    Riding the Bull: Strategies for Trading at Market Peaks

    Riding the Bull: Strategies for Trading at Market Peaks

    Episode Summary: Riding the Bull: Strategies for Trading at Market Peaks
    In today's episode, we tackle the exhilarating yet challenging environment of bull markets and how day traders can adapt to capitalize on markets at all-time highs. While bull markets are often viewed as periods of universal profit, the reality for traders can be far more nuanced and demanding.

    Key Insights:

    Misconceptions in Bull Markets: We discuss the common fallacies traders encounter during bull markets, including the illusion that "it can't go any higher" and the disconnect between stock market performance and the broader economy. These misconceptions can lead traders to make poorly timed decisions, such as attempting to short the market during its upward trajectory.
    Challenges of Bull Markets: One of the main hurdles in a bull market is overcoming the sentiment that it's too late to join the trend, which often results in missing out on gains or incurring losses by betting against the momentum. The episode emphasizes the psychological and strategic struggles of staying on the right side of the market.
    Understanding Market Dynamics: We clarify that the stock market's movement is not always indicative of the underlying economy's health and that factors like dealer gamma can influence aggressive buying. The focus for traders should be on profitability, not on being right about market direction.
    Strategies for Trading Bull Markets:

    Accept Imperfect Entries: Recognize that textbook entries are rare in bull markets. Be prepared to enter trades that may feel riskier due to their timing.
    Adjust Risk and Position Size: Mitigate the discomfort of "buying high" by reducing your risk capital and trading size accordingly.
    Follow the Trend: Resist the urge to predict a peak and short the market too early. Instead, align your trades with the prevailing upward trend.
    Discipline Over Impulse: Avoid the temptation to seek a short position as your initial move. Stay disciplined and rational, focusing on the market's current behavior rather than on speculative reversals.
    Know When to Step Back: If you miss multiple opportunities to capitalize on trend extensions, it may be a sign to call it a day. Recognizing that markets trend only 30% of the time can help set realistic expectations.
    Emotional Management: For those who find bull markets particularly stressful, we suggest finding alternative activities to trading on those days. Preserving your psychological well-being and maintaining discipline are crucial for long-term success.



    This episode serves as a comprehensive guide for day traders navigating the high seas of bull markets. By adjusting expectations, strategies, and mindset, traders can position themselves to take advantage of the opportunities these market conditions offer, while also safeguarding against common pitfalls. Remember, success in trading comes from disciplined execution and the ability to adapt to the market's rhythm, especially during its most exuberant phases.

    • 23 min
    Understanding How Personality Types Can Impact Your Trading

    Understanding How Personality Types Can Impact Your Trading

    Episode Summary: Understanding How Personality Types Can Impact Your Trading
    In episode #113, we delve into a topic that has been on our radar since the inception of the show - the fascinating interplay between personality types and trading success. Acknowledging the complexity of the subject, we decide to narrow our focus to how specific personality traits, particularly those identified by the Myers-Briggs Type Indicator (MBTI), impact trading behaviors and strategies.

    Our host shares a personal journey of transformation, from being an EJTP to evolving into an ENTP personality type after undergoing an NLP parts integration. This transition underscores the fluidity of our personalities and their influence on our trading approach.

    Key Highlights:

    - **ENTP Personality in Trading**: Representing just 3.6% of the population, ENTPs are known for their creativity, flexibility, and charisma. These traits contribute to their natural aptitude for trading, allowing them to navigate the markets with innovative strategies and a quick-witted approach to problem-solving.

    - **Strengths of ENTPs**: The episode explores the entrepreneurial spirit, friendliness, resourcefulness, independence, and goal-oriented nature of ENTP traders. These strengths position them well for roles that demand foresight, negotiation skills, and the ability to adapt to rapidly changing environments.

    - **Addressing ENTP Weaknesses**: Despite their strengths, ENTP traders also face challenges, such as being perceived as egocentric or rebellious, struggling with organization, appearing argumentative, and sometimes lacking focus. The discussion offers insights into leveraging these traits positively, especially in leadership roles and self-guided jobs.

    - **Ideal Careers for ENTPs**: Stock trading is highlighted as a fitting career for ENTPs, thanks to their ability to think on their feet and engage in strategic negotiation. Engineering is another recommended path, aligning with their problem-solving skills and innovative thinking.

    - **Potential Challenges for Traders Based on Personality**: The episode also touches on traits that might pose challenges in trading, such as emotional decision-making, risk aversion, impulsivity, and overanalysis. These characteristics are linked to specific MBTI preferences and could impact trading efficiency.

    - **Personal Growth and Trading**: The episode closes with a powerful message on self-awareness and personal growth. Understanding one's current personality type is crucial, but it's also important to recognize the potential for change. By becoming more aware of their traits, traders can identify triggers leading to negative outcomes and adopt strategies to mitigate these risks.

    Listeners are encouraged to explore their own MBTI personality types and reflect on how their unique traits influence their trading behaviors. This self-exploration is not about restricting oneself to a box but about leveraging personal insights to enhance trading strategies and overall market performance.

    This episode is not just a deep dive into the relationship between personality and trading but also a call to action for traders to engage in self-discovery, aiming for a deeper understanding of how their personal traits can shape their path to trading success.

    Checkout the TRADEPRO FREE Futures Trading Course here
    Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here
    Leave me a message or your question on Speakpipe here
    Connect with our community online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast
    Join our FREE trading room here
    Follow me on Instagram here and on Twitter here

    • 48 min
    5 Signs You Should Stop Trading for the Day (How I Lost $50K)

    5 Signs You Should Stop Trading for the Day (How I Lost $50K)

    Episode Summary: 5 Signs You Should Stop Trading for the Day (How I Lost $50K)
    In today's episode, we tackle a topic that many traders shy away from - the bad days, those sessions filled with regret and what we wish we could forget. However, our focus isn't on the negativity but on the invaluable lessons learned from these challenging experiences. We aim to equip you with the knowledge and signs to recognize when it's time to step back and halt trading for the day, preventing a bad day from spiraling out of control.

    We start by identifying 5 critical signs that it's time to stop trading for the day:

    Feeling a Compulsion to Make Money: The moment trading becomes a necessity rather than a calculated decision, it's a signal to pause.
    Frustration with Market Inactivity: Impatience for market movement or force-fitting trades can lead to poor decision-making.
    Chasing Losses: Trading with the sole aim of recovering losses often leads to more significant setbacks.
    Reliance on External Decisions: Looking to others for trading decisions indicates a loss of confidence in your own trading plan.
    Consistent Directional Trading or Flip-Flopping: Repeatedly trading in one direction or frequently changing opinions signals emotional rather than rational trading.

    Through a personal anecdote, our host shares the story of their worst trading day ever, highlighting how quickly a seemingly good day can turn disastrous. Beginning with an overleveraged position and culminating in a staggering $45K loss plus significant commissions, this story serves as a powerful reminder of the dangers of rule-breaking and emotional trading. The aftermath of this day wasn't just financial but deeply psychological, taking a year to overcome the mental toll and reshape a healthier trading mindset.

    This episode is a stark reminder that no trader is immune to bad days. However, it's not the setbacks that define us but how we respond to them. Recognizing the signs to stop trading and understanding the importance of discipline and mental health in trading are crucial steps toward recovery and future success.

    Key takeaways include the importance of adhering to your trading plan, the necessity of recognizing when to step back, and the understanding that stopping is not a sign of weakness but a strategic decision to protect both your capital and mental well-being. Remember, the market will be there tomorrow, but the opportunity to trade wisely depends on the decisions you make today.

    Checkout the TRADEPRO FREE Futures Trading Course here
    Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here
    Leave me a message or your question on Speakpipe here
    Connect with our community online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast
    Join our FREE trading room here
    Follow me on Instagram here and on Twitter here

    • 36 min
    Why Holding Winning Trades is So Difficult (How to Fix It)

    Why Holding Winning Trades is So Difficult (How to Fix It)

    Episode Summary: Why Holding Winning Trades is So Difficult (10 Steps to Fix)
    In this insightful episode, we delve into the complex psychology behind one of the trading industry's most echoed mantras: "Run your winners and cut your losses." While this advice may seem straightforward, the reality of implementing it is anything but simple, especially for those new to trading or struggling to turn a profit.

    Our discussion kicks off by exploring why holding onto trades is inherently challenging, even for professional traders, who focus on the present rather than predicting the future with zero certainty. We uncover the primal psychology driving our difficulty in letting go of trades, linking it to our instinctual need for security and survival. This subconscious directive, honed over thousands of years, significantly influences our trading decisions, often leading to stress and irrational choices when faced with the perceived risk of a trade.

    The episode then shifts towards practical strategies to overcome this primal fear. We emphasize the importance of maintaining an active source of income outside trading to alleviate survival pressures. By breaking the association of trading with survival risk, traders can approach the market more rationally. We recommend starting with the smallest position sizes, focusing on modest wins, and gradually extending the duration of profitable trades as confidence and experience grow.

    Moreover, we discuss the value of backtesting and creating mental reset anchors, such as meditation or engaging in relaxing activities, to help manage emotional responses during trading. Building a long-term investment strategy is also highlighted as a way to mitigate survival fears over time.

    Acknowledging the inconvenient truth that the market's next move is inherently unpredictable, we encourage traders to embrace this uncertainty as a normal part of trading. Personal development and expanding one’s mindset are underscored as crucial for growing wealth consciousness and achieving trading success.

    Concluding the episode, we reiterate that while the concept of running winners and cutting losses may sound simple, the emotional and psychological hurdles make it a complex skill to master. However, with determination, patience, and the right strategies, traders can learn to navigate these challenges, transforming their trading journey from a battle for survival into a path towards financial freedom.

    Get out there and hunt!

     

    Checkout the TRADEPRO FREE Futures Trading Course here
    Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here
    Connect with our community online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast
    Join our FREE trading room here
    Follow me on Instagram here and on Twitter here

    • 42 min
    When to Trust Your Intuition in Trading (How to Develop It)

    When to Trust Your Intuition in Trading (How to Develop It)

    Episode Summary: When to Trust Your Intuition in Trading (How to Develop It)
    In this special episode #111, a number often associated with guidance and enlightenment, we dive into the intriguing intersection of intuition and trading. This episode explores the concept of angel number 111, highlighting its message of seeking guidance to fulfill one's life purpose and the promise of happiness, abundance, and success it brings. It's a fitting backdrop as we delve into the nuanced art of using intuition to make better decisions, surpassing the capabilities of the analytical mind.

    However, the journey to effectively harnessing intuition in trading is not without its challenges. We emphasize the critical need for experience and training before relying on intuition. Initially, intuition might lead you astray, especially in fields where you lack expertise, such as trading. This is because intuition operates as a rapid decision-making tool based on your accumulated experiences and knowledge. For newcomers, intuition may offer advice opposite of what is beneficial, reflecting the risk-averse decision-making patterns ingrained by societal norms.

    To navigate this, we lay out a roadmap for integrating intuition into your trading strategy. Starting without intuition is advised for beginners, focusing instead on developing a solid strategy, practicing on simulations or with microtransactions. A checklist or trading plan becomes essential during this phase, acting as a tangible guide to discipline and patience in your trading endeavors.

    The shift towards trusting your intuition comes with time and experience. It's a moment marked by your ability to execute trades and analyze markets without heavily relying on your checklist, indicating that your intuition has been honed by hours of conscious practice and experience. This transition signifies that intuition is now informed by a rich database of trading experiences, making it a valuable ally rather than a gamble.

    In the episode, we also share personal insights into the transformation that occurs when intuition, shaped by thousands of trades and extensive market experience, begins to lead decision-making. The culmination of this journey is a trading approach that may seem unstructured to outsiders but is deeply rooted in a vast reservoir of strategies and experiences, from market cycles to geopolitical events.

    In essence, this episode not only demystifies the role of intuition in trading but also provides a practical guide for developing and trusting your intuitive sense. It underscores the message that with patience, practice, and the right approach, intuition can evolve to be a powerful tool in a trader's arsenal, leading to informed and inspired trading decisions.

    Checkout the TRADEPRO FREE Futures Trading Course here
    Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here
    Connect with our community online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast
    Join our FREE trading room here
    Follow me on Instagram here and on Twitter here

    • 33 min
    The Hard Realization that Once You’re a Trader…

    The Hard Realization that Once You’re a Trader…

    Mind Over Markets Podcast Show Notes Summary: Episode - "The Hard Realization that Once You’re a Trader, You’re a Trader Forever”

    CLICK TO SHARE YOUR FEEDBACK HERE

    Host: George Papazov.

    Trading experience: 24 years.

    Founder of TRADEPRO Academy.

    Highlights the global community of traders at TRADEPRO Academy.

     

    Podcast Is Back:

    Explanation for the 2-year hiatus.

    Recognition of the podcast's top 1% ranking in Spotify's yearly wrapped numbers.

    Emotional reaction to podcast success.

    Humorous denial of tears due to traders being "emotionless robots."

    Announcement: "I'M BACK!"

     

    Future Plans:

    Return to a weekly schedule, every Thursday at 3 AM EST.

    Focus on trading psychology, order flow technicals, performance, and wholesome content.

    Initial solo-style episodes for audience feedback.

     

    Engagement and Interaction:

    Audience encouraged to give the podcast a chance and provide feedback.

    Introduction of a platform for questions and feedback: speakpipe.com/himom.

    Host's Journey:

     

    Insight into the host's last two years.

    Pursuit of childhood dream in music.

    Pause in music career after a friend's tragic accident in 2003.

    Mid-life crisis decision to try music after 20 years of trading.

    Creation of a studio and production of songs with significant streaming success (400,000+ streams).

     

    Comparison of Trading and Music:

    Acknowledgment of the challenges in the music business.

    Recognition that trading offers faster and more consistent income compared to music.

    Lifestyle impact of the music industry, affecting family life and health.

     

    The Pull of Trading:

    Financial aspects and the devaluation of money after successful trading.

    Lifestyle comparison with the studio life, its impact on sleep patterns, and overall well-being.

    Missed connection with the trading community and the challenges of the markets.

    Return to Trading:

     

    Acknowledgment of trading's difficulty.

    The unique aspect of trading where once profitable, the skill remains.

    Reflection on the limitless opportunities trading provides, contrasting with other professions.

    Personal realization: "Once a trader, always a trader."

    Closing and Future Podcasts:

     

    Acknowledgment of trading enabling the pursuit of a childhood dream in music.

    Comfort provided by trading as a safety blanket for exploring other interests.

    Acknowledgment of discomfort when straying from trading and the commitment to never lose touch again.

    Upcoming deep dives into trading and psychology topics.

    Call to action for audience participation: send voice notes on experiences and topic requests.

     

     

    Expression of gratitude and love to the audience.

    Promise to continue creating content for and with the audience.

    Call to action: Leave a review on iTunes.

    Invitation to join the TRADEPRO Academy community at www.tradeproacademy.com.

    Closing Signature:

    "Sending you love, joy, health, and happiness, until next time."

    "Love you."

     

    Checkout the TRADEPRO FREE Futures Trading Course here
    Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here
    Connect with our community online: Trade Pro Academy
    Catch up with our earlier episodes: Mind Over Markets Podcast
    Join our FREE trading room here
    Follow me on Instagram here and on Twitter here

    • 26 min

Customer Reviews

4.9 out of 5
28 Ratings

28 Ratings

rrotLouis ,

Best podcast ever

Love the podcast, George you should be proud of what you created with this podcast. It has helped me grow as a trader like never before

Jbones00000 ,

Very unique information

Awesome podcast, the info in here is mind blowing. Tip :Wish you guy would have a trading psychology course only, not tied into à options or futures course

JoelMc1 ,

Lessons from a true teacher

The content in this podcast is incredible. The guys share personal experiences that end up being wrapped up in a lesson to make everyone from a new trader to a seasoned pro better. These podcasts can’t help but affect your life outside trading to make you a better human and you’ll learn everything from surrounding yourself with quality to risk management. There are 100 episodes and there isn’t one yet worth skipping! Many times have listened to multiple times. My absolute favourite podcast.

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