EP 086: What traders can learn about mental game, from world champion poker coach—@JaredTendler

Aaron Fifield Podcast 2 Comments

Jared Tendler is an internationally recognized mental game coach. His clients include world champion poker players, the #1 ranked pool player in the world, professional golfers, and more recently, traders too.

If Jared was to summarize exactly what he does (and what he specializes in), it would be; removing negative and excessive emotion from decision making.

So naturally, this serves as the underlying theme throughout our conversation, but we also discuss higher-level topics like; variance, the major crossovers between high-stakes poker and trading, how psychology has been oversold and when it really matters, plus how to identify various types of “tilt.”

Lessons learned in this interview:

  • How Jared went from professional golfer to mental game poker coach, who helped his first client squash anger issues and make $600,000 in the space of four months.
  • Jared explains the game of poker (for non-poker players), the various ways professionals seek an edge, and the dynamics they take into consideration too.
  • The benefits of removing negative and excessive emotion from decision making, and the various exercises Jared uses with his clients to balance emotions.
  • Tips for how to; study your own emotional reactions, recognise flawed patterns which can be corrected, and separate tactical errors from mental game errors.
  • Jared fleshes out the seven types of “tilt” poker players and traders can experience, and when (in your career) you should begin working on psychology improvements.
  • Pointers for how to maintain concentration, focus, and high levels of alertness throughout the trading day—especially important for short-term day traders.

“If you don’t understand variance, then you’re not understanding a fundamental business expense.”

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Links and resources mentioned:

  • The Mental Game of Poker, by Jared Tendler – This is Jared’s first book, which focuses mostly on mental game issues; tilt, anger, fear, motivation and confidence.
The Mental Game of Poker
The Mental Game of Poker 2
  • The Mental Game of Poker 2, by Jared Tendler – This is Jared’s second book, which focuses mostly on peak performance, efficient learning, and decision making.
  • JaredTendler.com – To learn more about Jared, visit his main website or click here to visit his dedicated poker website (where you can also listen to his podcast).
  • @JaredTendler – Follow Jared on Twitter, and tweet him about this episode!

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