Why do intelligent investors repeatedly make irrational decisions with their money?

In this special simulcast episode of Talking Trading, Louise Bedford and Australian property investment expert Michael Yardney explore the cognitive biases that quietly influence traders, property investors and long-term investors alike.

Together, they unpack five powerful behavioural biases:

• Confirmation bias
• Loss aversion
• Recency bias
• Anchoring
• Overconfidence

Why do traders ignore information that contradicts their position?

Why are small losses so difficult to accept? Why do investors assume recent market conditions will continue? Why do we become emotionally attached to old prices? And why can a winning streak actually make an investor more dangerous?

Louise and Michael compare trading psychology with property investor psychology and reveal why the same behavioural mistakes appear across completely different asset classes.

You'll also discover why predefined rules, risk management, record keeping and a strong investment process can help protect you from decisions driven by emotion.

If you're interested in trading psychology, behavioural finance, investor psychology, ASX trading, Australian sharemarket investing, property investing, cognitive biases, risk management or long-term wealth creation, this episode offers practical insights into the psychology behind investment decisions.

Because while the investment might change, the psychology doesn't.

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Tell a friend about us!

I’ll bet you know someone who would love the Talking Trading show. Show a friend how to register on www.talkingtrading.com.au or on your favourite podcast app, so that they can share in your passion for the markets.

Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.

For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.

www.tradinggame.com.au
www.talkingtrading.com.au.
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Most traders don’t fail because of bad charts.
They fail because of the beliefs driving their decisions.

In this solo episode of Talking Trading, Louise Bedford breaks down the five mindset shifts that separate inconsistent traders from those who trade with clarity, discipline, and confidence.

This isn’t motivational talk. It’s practical trading psychology - the kind that directly affects risk management, execution, and long-term results.

In this episode, you’ll learn:

• The phrases traders use that quietly sabotage performance - and what to say instead
• Why “I don’t have time” is a belief problem, not a scheduling problem
• How language shapes trading behaviour and risk decisions
• Why confidence only comes after action
• The powerful '80-year-old question' that cuts through fear and hesitation

Louise also explains positive arbitrage - why investing in the right education creates a permanent upgrade in how you think, decide, and trade.

If you’re frustrated by inconsistency, second-guessing, or stalled progress, this episode will help you reset how you approach trading - calmly, deliberately, and with structure.

Talking Trading is the podcast for time-poor Australian traders who want clarity, structure, and better decisions in the sharemarket.

Visit www.talkingtrading.com.au for more resources.

-------------------------------------------------------

Tell a friend about us!

I’ll bet you know someone who would love the Talking Trading show. Show a friend how to register on www.talkingtrading.com.au or on your favourite podcast app, so that they can share in your passion for the markets.

Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.

For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.

www.tradinggame.com.au
www.talkingtrading.com.au.
Facebook
YouTube
Twitter
LinkedIn

After 36 years trading the markets, which traders and mentors still influence Louise Bedford today?

In this personal solo episode of Talking Trading, Louise reveals the seven people who transformed the way she thinks about trading: Jesse Livermore, Stan Weinstein, Nicolas Darvas, Steve Nison, Ed Seykota, Van Tharp and Dr Harry Stanton.

Each contributed a different piece of the puzzle. Trading psychology, patience, technical analysis, candlestick charting, market structure, trading systems, position sizing, risk management and personal development.

You'll discover how Stan Weinstein's Stage Analysis changed the way Louise finds trading opportunities, why Nicolas Darvas taught her to wait for confirmation, how Steve Nison inspired her passion for candlesticks, and why Ed Seykota and Van Tharp changed her thinking about discipline and risk.

Louise also shares the deeply personal story of Dr Harry Stanton - the mentor and friend who helped shape not only the trader she became, but the person.

Key Takeaways

• Timeless lessons from seven legendary traders and mentors
• Jesse Livermore on trading patience
• Stan Weinstein and Stage Analysis
• Nicolas Darvas on momentum and confirmation
• Steve Nison on candlestick charting
• Ed Seykota on trading systems and discipline
• Van Tharp on position sizing and risk management
• Dr Harry Stanton on trading psychology and personal growth

For anyone interested in trading psychology, technical analysis, candlestick charts, trend trading, risk management, position sizing, ASX trading or becoming a more disciplined trader, this episode explores the ideas that have survived decades of changing markets.

Great traders come and go.

Great lessons endure.

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Tell a friend about us!

I’ll bet you know someone who would love the Talking Trading show. Show a friend how to register on www.talkingtrading.com.au or on your favourite podcast app, so that they can share in your passion for the markets.

Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.

For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.

www.tradinggame.com.au
www.talkingtrading.com.au.
Facebook
YouTube
Twitter
LinkedIn