Dr. Phil Pearlman — Take care of your body and mind to trade better

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Smarter Trading Podcast Episode 13

Our guest today is Dr. Phil Pearlman. Phil earned his doctorate in clinical psychology and has been involved in markets since the 1990s. He’s currently the chief behavioral officer at Osprey Funds and has held roles at Yahoo Finance, Stocktwits, and Bank of the Ozarks.

In this episode we talk about the importance of taking care of your body through good nutrition. Trading after all, is about performance and execution, so who wouldn’t want to get a leg up on their competition?

Phil shares insights on how to improve key cognitive skills, increase energy levels, regulate your emotions, and a whole lot more. He talks about the hard-wired skills of top performing traders, and why it’s so important to direct our attention to the things we can control.

You’re not going to get any fancy trading strategy tips in this episode, but if you want to live a healthier, higher performing lifestyle, then this one’s for you.

Please enjoy this episode with Dr. Phil Pearlman.

This episode is sponsored by Investor’s Business Daily

I don’t need to tell you that the key to succeeding in the stock market is having a system and sticking to it. That’s where Investor’s Business Daily comes in. IBD has helped investors navigate every market cycle with their time-tested methodology for over 35 years.

Right now Smarter Trading podcast listeners can get their first 2 months of IBD Digital, a subscription service that gives you access to IBD’s proprietary market analysis and top trade ideas for only $20 by signing up at investors.com/evan.

Watch the interview in video here

Episode show notes and Phil’s book recommendations

Subscribe here

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Key learning points & timestamps

  • 0:00 Introduction
  • 2:28 Intermittent fasting, letting your body rest, and eating nutritious foods
  • 8:00 Living life to the fullest & taking care of ourselves the long run
  • 11:00 Metabolic health improves: focus, energy levels, emotional regulation, stamina
  • 14:40 Your body and your mind is a tool that you need to care of
  • 16:00 There are things we can control and things we cannot control
  • 18:07 The problem with willpower and being a contrarian
  • 25:00 Identify yourself as the person you want to be
  • 31:00 Phil getting started in the 90s and recognizing the mania
  • 37:55 The hardwired skills of top performing traders
  • 43:30 How to improve your cognitive skills for trading & finding your tribe
  • 47:50 passive investing, dollar cost averaging, wealth management
  • 51:20 Focus on the things you can control to become a better trader

Highlight clip: Trading identities, forming habits, and not relying on willpower

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Evan Medeiros

Evan is the founder of the Trade Risk. With 25 years of coding experience and a B.S. in computer science, Evan brings a systematic discipline to investing in the stock market.

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