The Role of Emotions in Trading - Ben Lichtenstein

Ben Lichtenstein joins Eddie this week to chat about the role emotion plays in trading, how to identify when you're trading with emotion and some tips & tricks about how to manage your emotions while trading.Before joining TD Ameritrade, Ben spent 25 years on the floor of the Chicago Mercantile Exchange. Ben has been a guest on several popular news shows including CNBC, Bloomberg TV, Bloomberg radio and has been published in numerous periodicals including Futures Magazine and Stocks and Commodities.Hear Ben talk about: [08:00] The least smart, most emotional trading decision he’s ever made[11:41] His take on trading with emotions and how to get past emotional trades[15:13] Managing emotions with a regular, consistent routine[21:33] The characteristics emotionally mature traders possess[28:33] Understanding the importance of controlled emotions[37:04] How to recognize when emotions are putting themselves in front of trading execution[41:40] Tools to help harness emotions when trading[50:51] His May 6th, 2010 Flash Crash play by play and the emotions he experienced at that time[1:00:57] The Eddie Question: What have you read online recently that has inspired you?You can find Ben through TD Ameritrade Network or via on Twitter or email.Limit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.