Trader Mindset
1,246 episodes — Page 13 of 25
Studying historical market data for trades
Subscribe to the show You can trade a lot better if you put away your charting program and start studying the data. Click here to get your free copy of The Inner Voice of Trading audiobook.
Succeed first then make the trade
Subscribe to the show Think of the various scenarios that can unfold after you put a trade on. What is your action step for each one? Click here to get your free copy of The Inner Voice of Trading audiobook.
Design you model for staying power
Subscribe to the show If you're getting knocked out of trades, you might have it set up that way. Click here to get your free copy of The Inner Voice of Trading audiobook.
Organizing your year-end review
Subscribe to the show There's a lot to pull together if you're going to do it right. Start that process now. Click here to get your free copy of The Inner Voice of Trading audiobook.
Trading charts you cannot see?
Subscribe to the show The IPO Market Click here to get your free copy of The Inner Voice of Trading audiobook.
When your trading is more like gambling
Subscribe to the show You can take your biggest hits when you think you have more ability than you've been able to demonstrate. Click here to get your free copy of The Inner Voice of Trading audiobook.
How to curb your own enthusiasm
Subscribe to the show Before you put on a trade that you're all hopped up on, write out 5-10 ways you can lose money on the trade. Click here to get your free copy of The Inner Voice of Trading audiobook.
No one has your back
Subscribe to the show You have to be an army of one. No one has your back. Click here to get your free copy of The Inner Voice of Trading audiobook.
Place a high value on your time
Subscribe to the show If you're only following 10 names, you don't have to sit in front of the screen all day. There's not enough to do to justify sitting there. You must put a higher value on your time, like $1,000+ per hour. Click here to get your free copy of The Inner Voice of Trading audiobook.
First do no harm - don't chase
Subscribe to the show DYODD. DYOW. DYOR. You can only rely on yourself. Click here to get your free copy of The Inner Voice of Trading audiobook.
Which are the best firms to use...?
Subscribe to the show Your trading edge comes from within you, not an external source. Click here to get your free copy of The Inner Voice of Trading audiobook.
Developing a good feel for managing a trade
Subscribe to the show You can enhance your trading edge by learning how to manage the trade better. Click here to get your free copy of The Inner Voice of Trading audiobook.
How the Bitcoin ETF might max out
Subscribe to the show Exchange position limits might bring limitations to how big the new Bitcoin ETF can get. Click here to get your free copy of The Inner Voice of Trading audiobook.
Adjustments while the trade is on
When the market gives you a gift, take it
Subscribe to the show When a large move happens in your favor, offset your position. The risk you take by keeping the position for the last nickel isn't worth the downside you invite by holding further. Click here to get your free copy of The Inner Voice of Trading audiobook.
Why ignorance is blissful - and more profitable
Subscribe to the show When you're clear on your goals, your bullshit detector goes up and you can avoid reading garbage articles. Two, Vitalik has no idea where ETH is going. Do your own homework and due diligence. Click here to get your free copy of The Inner Voice of Trading audiobook.
One of the best ways to stop losing money
Subscribe to the show Running 3:1 reward to risk parameters means that you need an accuracy rate or winning percentage of 25% to break-even. Winning percentages are "on average" as they change with market conditions. Click here to get your free copy of The Inner Voice of Trading audiobook.
The importance of removing what's not working for you
Subscribe to the show Eliminate all sub-optimal techniques and processes. Your performance will improve from not losing as much. Click here to get your free copy of The Inner Voice of Trading audiobook.
Having a feel can be a trading edge
Subscribe to the show You can have a feel for a market or a trading style. But keep rigorous notes to make sure you don't delude yourself. Click here to get your free copy of The Inner Voice of Trading audiobook.
The one thing that separates the best from the herd
Subscribe to the show Besides a strong sense of the fundamentals and where the chart is going, the best traders I know have this. This characteristic shows up more early than not. Click here to get your free copy of The Inner Voice of Trading audiobook.
Which is more important for traders - mental capital or financial capital?
Subscribe to the show The answer is "yes." Click here to get your free copy of The Inner Voice of Trading audiobook.
Trends and countertrending markets
You can smooth your equity curve by trading two systems at the same time. Although the rules are quite different, you can trade a long trend following model and short counter-trend system currently, for example. Click here to get your free copy of The Inner Voice of Trading audiobook.
Navigating the currents of the global markets
Subscribe to the show You make and lose with your position size. Make sure that you've built in enough room for when volatility expands. Click here to get your free copy of The Inner Voice of Trading audiobook.
You're competing with yourself not the market
Subscribe to the show It's easy to compare yourself to other people based on what you see on the internet. It's extremely hard to trade like another person, but it's easy to begin to feel inadequate if you're struggling. The best thing to do is go at your own pace. Another trader's failure or success has nothing to do with you. Click here to get your free copy of The Inner Voice of Trading audiobook.
Defining your trading edge
Subscribe to the show If you're trading rules have positive expected value, you have a trading edge that is uniquely yours. You should only trade when you know you can exploit that edge. Click here to get your free copy of The Inner Voice of Trading audiobook.
When you will know you've made it
Subscribe to the show In the short term, you can't know. The data are too random. Up or down 10% tells you nothing. Click here to get your free copy of The Inner Voice of Trading audiobook.
You become consistent one day at a time
Subscribe to the show It's not about the chart pattern, it's how you trade it. It's not about the mechanized system, it's can you follow it. Click here to get your free copy of The Inner Voice of Trading audiobook.
How to increase your drawdown by bottom fishing
Subscribe to the show You can avoid large drawdowns by eliminating suboptimal behavior. Click here to get your free copy of The Inner Voice of Trading audiobook.
How to transfer your drawdown to someone else
Subscribe to the show The most important reason to honor your protective stops. Click here to get your free copy of The Inner Voice of Trading audiobook.
Managing risk in the present
Subscribe to the show You can manage your risk today based upon what you think is going to happen in several days. If you're stop gets hit today, it gets hit. Click here to get your free copy of The Inner Voice of Trading audiobook.
Get what you want, don't let the world happen to you
Subscribe to the show Set goals and the discipline to go get them. Don't let the world happen to you and coast. Click here to get your free copy of The Inner Voice of Trading audiobook.
Focus on your discipline now more than ever
Subscribe to the show Day after day, the market doesn't have any discipline which is why you must. Click here to get your free copy of The Inner Voice of Trading audiobook.
Trading (and Tweeting) for Validation
Subscribe to the show Trading and chasing dopamine hits on social media. Click here to get your free copy of The Inner Voice of Trading audiobook.
Taking your wins out on yourself
Subscribe to the show Hubris can be as detrimental to your trading as "revenge trading." Click here to get your free copy of The Inner Voice of Trading audiobook.
How to use volatility in your trade selection
Subscribe to the show You can use volatility as a "risk on / risk off" indicator. Click here to get your free copy of The Inner Voice of Trading audiobook.
One way to achieve consistency is to know your "why"
Subscribe to the show How do you want trading to serve you? It's probably not just about the potential to earn money. Click here to get your free copy of The Inner Voice of Trading audiobook.
Why making trades just before an earnings announcement is a gamble
Subscribe to the show Feelings aren't facts. The gut feeling traders have about an earnings announcement is where overconfidence shows up in their trading. Click here to get your free copy of The Inner Voice of Trading audiobook.
The difference between anticipation and prediction
Subscribe to the show I think prediction is more about being correct (and doing so publicly) rather than anticipating a move or a series of moves that make you money over time. The latter is about expected values, not accuracy. Click here to get your free copy of The Inner Voice of Trading audiobook.
Don't force the issue
Subscribe to the show Forcing the issue or forcing a trade rarely works out well. It's a need for an emotional win, more than a financial one. Click here to get your free copy of The Inner Voice of Trading audiobook.
When your protective stops are too tight...
Subscribe to the show You can inadvertently invite a lot of frustration into your life if you place your protective stops too tight. You'll get knocked out of an otherwise good trade. Stocks and commodity futures have a personality and you can't expect them to be something they're not. Click here to get your free copy of The Inner Voice of Trading audiobook.
Why you should focus on playing superior defense
Subscribe to the show Protective stops preserve your capital and preserve your mindset. Click here to get your free copy of The Inner Voice of Trading audiobook.
Gains are only gains to the extent you keep your losses small
Subscribe to the show If you let the weeds bloom at the same rate of your flowers, you don't have a garden. You have a mess. Click here to get your free copy of The Inner Voice of Trading audiobook.
Forced objectivity & emotional intelligence
Subscribe to the show Backtesting forces you to be objective and not selective and removes the "yeah, I would've put that trade on..." Click here to get your free copy of The Inner Voice of Trading audiobook.
Here's why you don't put a lot of faith in short-term data
Subscribe to the show Short-term data are more random than upper time frames. Click here to get your free copy of The Inner Voice of Trading audiobook.
Understanding Asymmetric Returns
Subscribe to the show Looking at the ratios between your winners and losers and the frequency with which they occur. Click here to get your free copy of The Inner Voice of Trading audiobook.
The best way for you to manage risk
Subscribe to the show Managing risk and determining the best use of your time. Click here to get your free copy of The Inner Voice of Trading audiobook.
Disaster: When the outside world is running your trading model
Subscribe to the show If you are trading on headlines, you are in reaction mode. Click here to get your free copy of The Inner Voice of Trading audiobook.
Why you could be getting stopped on noise
Subscribe to the show If you put your stops here, you're going to get knocked out of any otherwise good trade. Click here to get your free copy of The Inner Voice of Trading audiobook.
A mistake you make frequently is a habit
Subscribe to the show If all your positions have a zero at the end, that's a problem. Think in percentage terms. Click here to get your free copy of The Inner Voice of Trading audiobook.
Aligning your behavior with your goals
Subscribe to the show If you know what your target RoR needs to be, you can determine the number of trades you need to make knowing your winning % and ratio of average winners to average losers. Click here to get your free copy of The Inner Voice of Trading audiobook.