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How to Change Your Trading Psychology – Erik Smolinski esInvests

By Rich Friesen

May 4, 2023

Erik Smolinski, ESInvests, The Outlier Podcast, trader mindset, Trader Motivation, trading psychology

Erik of ESInvests and The Outlier Podcast talks to Rich Friesen about his background in options trading and trading psychology.

In this video, watch Erik ask Rich the right hard questions! 

Rich explains how old beliefs and survival mechanisms in place since early childhood can be triggered by trading the markets, and what processes can be helpful to traders on their journey to become a consistently profitable professional trader.

Rich successfully used his background in clinical psychology to radically change his own trading results and eventually train the traders in the firm he built, as well as coaching entrepreneurs, independent traders, fund managers and other financial professionals in his private coaching practice over the years.

Erik is a Marine veteran, options trader, and investor. He started trading in 2007 and has spent over 30,000 hours honing his skillset. He has no secret tricks or “easy money” strategies.

Erik actively trades derivatives and invest in residential and commercial real estate as well as startups. His goal is to share quality information without the BS.

The Outlier Community is built to connect you with other driven people who are pursuing or have achieved financial outlier status.

They get together to capitalize on the hive mind to share ideas, explore stock market news, cover investing basics, options trading, portfolio management, investing psychology, strategy, money management, live trading ideas, workshops, and more.

No-one finds success solely on their own – we create it together.

Rich Friesen

About the author

Richard Friesen created the innovative “Mind Muscles™” training process that turns the psychology of trading on its head.

He works with financial professionals, independent traders, business leaders and entrepreneurs who want to expand their mental game to make more consistent profits.

With experience as a broker and floor trader, Rich built one of the most consistently profitable trading firms on the options floor of the PSE. He served as a director on the Pacific Exchange and holds ten significant patents as a financial software developer, bringing concrete real-world experience to his students and clients.

Rich also holds a B.A. in Philosophy, a master's degree in clinical psychology and is a graduate of the Gestalt Institute in San Francisco along with master’s certification in Neuro Linguistic Programming (NLP).

His background in psychology has been instrumental in his development of his Mind Muscles™ training programs that supports the financial and business community.

Read or Listen to the book

Discover powerful ways to re-frame your own beliefs and behaviors around courting money, wealth and success, all while being entertained! Featuring engaging, real-world exercises and money affirmations that work, this book will help you discover what is blocking your happiness and teach you how to embrace a new mindset that will grant you financial freedom and understanding.