Money Management and Trading with Chris Tate

<p>Recency bias means that you pay the most attention to the last thing you heard or said over historic knowledge. For many traders that means that because the markets have been going up that they will always go up. Chris Tate is a trading veteran and the Director at Trading Game. He joined Jack and Dan to discuss this phenomenon.</p><p>Chris has been a trader for over 30 years and has seen it all. He makes the case for training yourself to be comfortable with discomfort, honing your money management skills, and increasing your patience. Listen in for a masterclass on trading psychology.</p><ul><li>(02:03) - Market Reaction</li><li>(04:45) - Interview with Chris Tate</li><li>(08:57) - The common thread</li><li>(12:32) - Pride goeth before a fall</li><li>(18:53) - Money management</li><li>(32:06) - Components of a trading plan</li><li>(39:25) - Recency bias</li><li>(43:28) - Be a student of markets</li></ul><br/><p>Chris Tate is one of the first people to ever release a share trading book in Australia and has had an extraordinary impact on thousands of traders. He is the bestselling author of <em>The Art of Trading</em> and <em>The Art of Options Trading in Australia</em>, his brutally honest approach and meticulous pursuit of excellence ensure that exceptional traders all around the world quote his market comments.</p><p>He’s been running the 6-month repeat-for-free <a href="http://www.tradinggame.com.au" rel="noopener noreferrer" target="_blank">Trading Game</a> Mentor Program for the past 20 years, and he’s also the founder of Talking Trading, a free weekly trading podcast.&nbsp;</p><p>Limit Up! is a podcast for traders of all levels brought to you by <a href="https://www.topsteptrader.com/?utm_source=limitup_podcast&amp;utm_medium=cta&amp;utm_campaign=ongoing_limitup_to_tst&amp;utm_content=limitup_podcast" rel="noopener noreferrer" target="_blank">Topstep</a>. 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 fina