{"id":11260,"date":"2024-02-07T13:19:31","date_gmt":"2024-02-07T18:19:31","guid":{"rendered":"https:\/\/optimusblog.wpengine.com\/?p=11260"},"modified":"2024-02-07T13:19:32","modified_gmt":"2024-02-07T18:19:32","slug":"the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121","status":"publish","type":"post","link":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/","title":{"rendered":"The Trader&#8217;s Mind: Why We Stick to What Doesn&#8217;t Work &#8211; Ep 121"},"content":{"rendered":"<p><iframe title=\"The Trader&#039;s Mind: Why We Stick to What Doesn&#039;t Work - Ep 121\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/6MwPfPBmGMY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p>In this episode of the Optimus Futures Podcast, we explore the intriguing world of trading psychology and why traders remain loyal to failing strategies.<\/p>\n<p>We discuss the roles of cognitive biases, such as confirmation bias and overconfidence, and the pitfalls of misattribution and self-blame. Through an in-depth discussion, we provide actionable insights and a step-by-step guide on objectively assessing trading methods. We emphasize the importance of self-awareness, continuous learning, and adaptation.<\/p>\n<p>Join us as we navigate the complex interplay of strategy and psychology, aiming to empower traders to make more informed and rational decisions in their trading journey.<br \/>\n___________________________________________________<br \/>\nWant to learn more about Optimus Futures?  Visit our website: <a href=\"http:\/\/www.optimusfutures.com\/\" rel=\"nofollow\">http:\/\/www.optimusfutures.com\/<\/a> <\/p>\n<p>Our commissions, margins, and pricing: <a href=\"https:\/\/optimusfutures.com\/Futures-Trading-Pricing.php\" rel=\"nofollow\">https:\/\/optimusfutures.com\/Futures-Trading-Pricing.php<\/a><\/p>\n<p>Open an account with us today! <a href=\"https:\/\/optimusfutures.com\/Futures-Commodities-Trading-Account.php\" rel=\"nofollow\">https:\/\/optimusfutures.com\/Futures-Commodities-Trading-Account.php<\/a><\/p>\n<p>Check out our community forum: <a href=\"https:\/\/community.optimusfutures.com\/\" rel=\"nofollow\">https:\/\/community.optimusfutures.com\/<\/a><\/p>\n<p>Please don&#8217;t forget to like the video, comment, and subscribe! <\/p>\n<p>THANKS FOR WATCHING!<br \/>\n________________________________________________________________________________________________<\/p>\n<p>There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a \u201cstop-loss\u201d or \u201cstop-limit\u201d order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence.<\/p>\n<p>#daytrading #futurestrading #Podcast<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this episode of the Optimus Futures Podcast, we explore the intriguing world of trading psychology and why traders remain loyal to failing strategies.<\/p>\n<p>We discuss the roles of cognitive biases, such as confirmation bias and overconfidence, and the pitfalls of misattribution and self-blame. Through an in-depth discussion, we provide actionable insights and a step-by-step guide on objectively assessing trading methods. We emphasize the importance of self-awareness, continuous learning, and adaptation.<\/p>\n<p>Join us as we navigate the complex interplay of strategy and psychology, aiming to empower traders to make more informed and rational decisions in their trading journey.<br \/>\n___________________________________________________<br \/>\nWant to learn more about Optimus Futures?  Visit our website: http:\/\/www.optimusfutures.com\/ <\/p>\n<p>Our commissions, margins, and pricing: https:\/\/optimusfutures.com\/Futures-Trading-Pricing.php<\/p>\n<p>Open an account with us today! https:\/\/optimusfutures.com\/Futures-Commodities-Trading-Account.php<\/p>\n<p>Check out our community forum: https:\/\/community.optimusfutures.com\/<\/p>\n<p>Please don&#8217;t forget to like the video, comment, and subscribe! <\/p>\n<p>THANKS FOR WATCHING!<br \/>\n________________________________________________________________________________________________<\/p>\n<p>There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a \u201cstop-loss\u201d or \u201cstop-limit\u201d order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence.<\/p>\n<p>#daytrading #futurestrading #Podcast<\/p>\n","protected":false},"author":2,"featured_media":11270,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[920],"tags":[],"class_list":["post-11260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-videos"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Trader&#039;s Mind: Why We Stick to What Doesn&#039;t Work - Ep 121<\/title>\n<meta name=\"description\" content=\"In this episode of the Optimus Futures Podcast, we explore the intriguing world of trading psychology and why traders remain loyal to failing strategies. We discuss the roles of cognitive biases, such as confirmation bias and overconfidence, and the pitfalls of misattribution and self-blame. Through an in-depth discussion, we provide actionable insights and a step-by-step guide on objectively assessing trading methods. We emphasize the importance of self-awareness, continuous learning, and adaptation. Join us as we navigate the complex interplay of strategy and psychology, aiming to empower traders to make more informed and rational decisions in their trading journey. ___________________________________________________ Want to learn more about Optimus Futures? Visit our website: http:\/\/www.optimusfutures.com\/  Our commissions, margins, and pricing: https:\/\/optimusfutures.com\/Futures-Trading-Pricing.php  Open an account with us today! https:\/\/optimusfutures.com\/Futures-Commodities-Trading-Account.php  Check out our community forum: https:\/\/community.optimusfutures.com\/  Please don&#039;t forget to like the video, comment, and subscribe!  THANKS FOR WATCHING! ________________________________________________________________________________________________ There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a \u201cstop-loss\u201d or \u201cstop-limit\u201d order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence. #daytrading #futurestrading #Podcast\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Trader&#039;s Mind: Why We Stick to What Doesn&#039;t Work - Ep 121\" \/>\n<meta property=\"og:description\" content=\"In this episode of the Optimus Futures Podcast, we explore the intriguing world of trading psychology and why traders remain loyal to failing strategies. We discuss the roles of cognitive biases, such as confirmation bias and overconfidence, and the pitfalls of misattribution and self-blame. Through an in-depth discussion, we provide actionable insights and a step-by-step guide on objectively assessing trading methods. We emphasize the importance of self-awareness, continuous learning, and adaptation. Join us as we navigate the complex interplay of strategy and psychology, aiming to empower traders to make more informed and rational decisions in their trading journey. ___________________________________________________ Want to learn more about Optimus Futures? Visit our website: http:\/\/www.optimusfutures.com\/  Our commissions, margins, and pricing: https:\/\/optimusfutures.com\/Futures-Trading-Pricing.php  Open an account with us today! https:\/\/optimusfutures.com\/Futures-Commodities-Trading-Account.php  Check out our community forum: https:\/\/community.optimusfutures.com\/  Please don&#039;t forget to like the video, comment, and subscribe!  THANKS FOR WATCHING! ________________________________________________________________________________________________ There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a \u201cstop-loss\u201d or \u201cstop-limit\u201d order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence. #daytrading #futurestrading #Podcast\" \/>\n<meta property=\"og:url\" content=\"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/\" \/>\n<meta property=\"og:site_name\" content=\"The Trading Blog - Optimus Futures\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/OptimusFutures\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-07T18:19:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-07T18:19:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2023\/10\/hqdefault.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Optimus Futures\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@optimusfutures\" \/>\n<meta name=\"twitter:site\" content=\"@optimusfutures\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Optimus Futures\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\\\/\"},\"author\":{\"name\":\"Optimus Futures\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/#\\\/schema\\\/person\\\/f5eb05e3fc424a12fef6b0b8e65aa123\"},\"headline\":\"The Trader&#8217;s Mind: Why We Stick to What Doesn&#8217;t Work &#8211; Ep 121\",\"datePublished\":\"2024-02-07T18:19:31+00:00\",\"dateModified\":\"2024-02-07T18:19:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\\\/\"},\"wordCount\":327,\"publisher\":{\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/hqdefault.jpg\",\"articleSection\":[\"Videos\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\\\/\",\"url\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\\\/\",\"name\":\"The Trader's Mind: Why We Stick to What Doesn't Work - Ep 121\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/optimusfutures.com\\\/blog\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/hqdefault.jpg\",\"datePublished\":\"2024-02-07T18:19:31+00:00\",\"dateModified\":\"2024-02-07T18:19:32+00:00\",\"description\":\"In this episode of the Optimus Futures Podcast, we explore the intriguing world of trading psychology and why traders remain loyal to failing strategies. 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We discuss the roles of cognitive biases, such as confirmation bias and overconfidence, and the pitfalls of misattribution and self-blame. Through an in-depth discussion, we provide actionable insights and a step-by-step guide on objectively assessing trading methods. We emphasize the importance of self-awareness, continuous learning, and adaptation. Join us as we navigate the complex interplay of strategy and psychology, aiming to empower traders to make more informed and rational decisions in their trading journey. ___________________________________________________ Want to learn more about Optimus Futures? Visit our website: http:\/\/www.optimusfutures.com\/  Our commissions, margins, and pricing: https:\/\/optimusfutures.com\/Futures-Trading-Pricing.php  Open an account with us today! https:\/\/optimusfutures.com\/Futures-Commodities-Trading-Account.php  Check out our community forum: https:\/\/community.optimusfutures.com\/  Please don't forget to like the video, comment, and subscribe!  THANKS FOR WATCHING! ________________________________________________________________________________________________ There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a \u201cstop-loss\u201d or \u201cstop-limit\u201d order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence. #daytrading #futurestrading #Podcast","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/","og_locale":"en_US","og_type":"article","og_title":"The Trader's Mind: Why We Stick to What Doesn't Work - Ep 121","og_description":"In this episode of the Optimus Futures Podcast, we explore the intriguing world of trading psychology and why traders remain loyal to failing strategies. We discuss the roles of cognitive biases, such as confirmation bias and overconfidence, and the pitfalls of misattribution and self-blame. Through an in-depth discussion, we provide actionable insights and a step-by-step guide on objectively assessing trading methods. We emphasize the importance of self-awareness, continuous learning, and adaptation. Join us as we navigate the complex interplay of strategy and psychology, aiming to empower traders to make more informed and rational decisions in their trading journey. ___________________________________________________ Want to learn more about Optimus Futures? Visit our website: http:\/\/www.optimusfutures.com\/  Our commissions, margins, and pricing: https:\/\/optimusfutures.com\/Futures-Trading-Pricing.php  Open an account with us today! https:\/\/optimusfutures.com\/Futures-Commodities-Trading-Account.php  Check out our community forum: https:\/\/community.optimusfutures.com\/  Please don't forget to like the video, comment, and subscribe!  THANKS FOR WATCHING! ________________________________________________________________________________________________ There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a \u201cstop-loss\u201d or \u201cstop-limit\u201d order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. We urge you to conduct your own due diligence. #daytrading #futurestrading #Podcast","og_url":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/","og_site_name":"The Trading Blog - Optimus Futures","article_publisher":"https:\/\/www.facebook.com\/OptimusFutures","article_published_time":"2024-02-07T18:19:31+00:00","article_modified_time":"2024-02-07T18:19:32+00:00","og_image":[{"width":480,"height":360,"url":"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2023\/10\/hqdefault.jpg","type":"image\/jpeg"}],"author":"Optimus Futures","twitter_card":"summary_large_image","twitter_creator":"@optimusfutures","twitter_site":"@optimusfutures","twitter_misc":{"Written by":"Optimus Futures","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/#article","isPartOf":{"@id":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/"},"author":{"name":"Optimus Futures","@id":"https:\/\/optimusfutures.com\/blog\/#\/schema\/person\/f5eb05e3fc424a12fef6b0b8e65aa123"},"headline":"The Trader&#8217;s Mind: Why We Stick to What Doesn&#8217;t Work &#8211; Ep 121","datePublished":"2024-02-07T18:19:31+00:00","dateModified":"2024-02-07T18:19:32+00:00","mainEntityOfPage":{"@id":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/"},"wordCount":327,"publisher":{"@id":"https:\/\/optimusfutures.com\/blog\/#organization"},"image":{"@id":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/#primaryimage"},"thumbnailUrl":"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2023\/10\/hqdefault.jpg","articleSection":["Videos"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/","url":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/","name":"The Trader's Mind: Why We Stick to What Doesn't Work - Ep 121","isPartOf":{"@id":"https:\/\/optimusfutures.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/#primaryimage"},"image":{"@id":"https:\/\/optimusfutures.com\/blog\/the-traders-mind-why-we-stick-to-what-doesnt-work-ep-121\/#primaryimage"},"thumbnailUrl":"https:\/\/optimusfutures.com\/blog\/wp-content\/uploads\/2023\/10\/hqdefault.jpg","datePublished":"2024-02-07T18:19:31+00:00","dateModified":"2024-02-07T18:19:32+00:00","description":"In this episode of the Optimus Futures Podcast, we explore the intriguing world of trading psychology and why traders remain loyal to failing strategies. 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Visit our website: http:\/\/www.optimusfutures.com\/ Our commissions, margins, and pricing: https:\/\/optimusfutures.com\/Futures-Trading-Pricing.php Open an account with us today! https:\/\/optimusfutures.com\/Futures-Commodities-Trading-Account.php Check out our community forum: https:\/\/community.optimusfutures.com\/ Please don't forget to like the video, comment, and subscribe! THANKS FOR WATCHING! ________________________________________________________________________________________________ There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a \u201cstop-loss\u201d or \u201cstop-limit\u201d order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter or other similar service. 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