When does taking a calculated investment risk become gambling? In Episode 2 of Markets and Mindsets, the team are joined by Jack to explore one of the most common challenges investors face: separating disciplined decision-making from emotional investing.

Together, they unpack the psychology behind FOMO, confirmation bias and impulsive trading, discussing how our emotions can influence everything from stock selection to knowing when to sell. Through honest reflections and practical advice, the conversation highlights why having a process matters far more than trying to predict every market move.

In this episode:

• The difference between healthy and unhealthy FOMO
• Why missing an opportunity doesn't mean you've failed
• How confirmation bias can influence your investment decisions
• The dangers of impulse trading and chasing market hype
• Why taking responsibility for every trade is essential
• The value of trading journals, voice notes and reviewing your decisions
• How to define your risk before entering a position
• The debate between technical analysis and long-term investing
• Why conviction matters, but so does knowing when to change your mind
• Practical ways to build better investing habits and avoid emotional decision-making

Chapters:

00:00 – Introduction
01:03 – Jack's investing journey and the question of healthy vs unhealthy FOMO
04:18 – Why missing a trade is part of investing
07:09 – Conviction, hype and investing in AI stocks
12:07 – Confirmation bias and knowing when to sell
16:45 – Trading journals and creating accountability
23:42 – Investing, gambling and avoiding impulse trades
29:37 – Long-term investing vs technical analysis
37:05 – Managing drawdowns and defining your risk
43:20 – Final lessons on discipline and decision-making

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This podcast is provided for educational and informational purposes only. The content presented is not intended as personal investment advice or a recommendation to buy, sell, or hold any particular securities or investments.