The Psychological Trap That Destroys Great Traders

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After 15 years and over $100 million in trading profits, I walked away (for the most part) on top, and in this video I break down why almost no trader ever does. I explain the psychological traps that keep us in the game far too long, from the hedonic treadmill and constantly moving goalposts to anchoring on your PNL high watermark and extrapolation bias during hot streaks. I also share the exact systems I used to protect myself from my own brain when emotions run highest. If you want to understand trading psychology, risk management, and why survival and longevity are the real edge, this is the video for you.

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🎥 I suggest you watch these next:

Why Your Trading PnL Doesn't Matter: https://youtu.be/EgFXjEpSy50

The Do Nothing" Strategy: Why Your Trading PnL Doesn't Matter: https://youtu.be/EgFXjEpSy50

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ABOUT ME

If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards.

The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you.

May you want it bad enough to overcome any obstacles.

-(The One) Lance B

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DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-service/

Chapters:

00:00 Why Traders Fall for This Trap

00:16 Reason 1

02:12 Reason 2

04:17 Reason 3

05:36 Reason 4

10:00 How to Avoid Falling for It

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