Trader Mindset

Subscribe to the show You can lose money from bad luck, bad timing, and bad analysis. However you start losing money, get out instead of adding more. You won't get out at a lower break-even price. You know it and I know it. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Backtesting is forced objectivity and it can help you stop deluding yourself. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Winning and losing streaks will happen perhaps from skill, but mostly from randomness. Don't become too emotionally invested in either. Take them in stride. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Your goal is to trade your model, not worry about the outcome of any one trade. Traders live in a probabilistic world, not a deterministic one. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show We get paid to execute. Everything else is self-medication. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Hint: it's everywhere. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You need to learn the tactics and most importantly learn about yourself. Those two processes accelerate and decelerate at two different speeds and you'll need to make adjustments between the two as the wisdom comes to you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show There are too many reasons why a trade doesn't work out. Your protective stops will catch all of them, despite your inability to know them all. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show How to trade: 1) Add risk to your portfolio 2) Enter protective Stop Order 3) Don't watch the trade - go do something else Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you're missing trades, maybe you aren't as emotionally attached to your goals as you should be... Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Here are two things that can help you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Discouragement can turn into resentment. That can lead you to begin trading with 'angry money." Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show What is past is prologue. If you've had trouble not following through with things you've begun, new trading ideas or strategies might go the same way for you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show We only have so much brainpower each day. Here's how I do as I can to conserve mine each day. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show There are many answers to this question, but I think you could say that having discipline is right up there. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You can create programmable responses to things that catch you off-guard. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If something you own goes against you, the reason why doesn't matter. You cannot renegotiate with your initial stop price. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show What I've seen change and what has stayed the same. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show A little bit on how I learned what NOT to do... Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Trading gains and losses have 2 parts to them: the emotional and financial. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Being in the zone has nothing to do with winning or losing trades. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Whether you're a systems trader or chart reader, everyone has an emotional system they're running the in background - and that's what's running the show. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show "The more you sweat in training, the less you bleed in war." - Richard Marcinko, from the book Rogue Warrior You can prepare yourself mentally for challenging markets so they won't derail you when you're in them. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Having a hard time in the markets? Don't worry - most of the traders featured in Market Wizards either blew up or had a really harsh emotional hazing in the markets, so you're right where you're supposed to be. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You can't stay in a losing trade because Mohamad El-Erian is bullish and you're tired of getting stopped out. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you're trying to add an indicator or overlay to your charts, it might be an emotional band aid to what you're feeling right now. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Some traders refer to this as a 'two for one' trade. It might make sense for some of you if your trades are stalling. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you change your trading style to a second style because you are frustrated, you'll get the worst of both styles. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When what you're trading stalls, a reversal could be imminent. Use 'time stops' to protect your capital. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show How you trade becomes your style, and your style is uniquely yours. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If all you do is complain about what's not working, you get more of 'what's not working.' Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Managing risk successfully comes down to how well you deal with uncertainty. The best you can do is put in your protective stops. The real random part is how much upside will the market give you? Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show I don't know of a single factor or variable in your life that will have more of an impact on your long-term success in trading than keeping your losses small. Pedigree won't mean much if you can't enter your protective stops and keep losses small. Deep Thoughts was written by Jack Handey, not Al Franken. I misspoke at the beginning of the episode. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Trading is about expected values. The determining factor in establishing those values is the placement of your stops - your stops to enter trades, exit losers, and to exit winners. If you wing any part of these, the expected value of your trading goes out the window. At that point, you are putting your whole enterprise up for a gamble. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Forget setting a goal based upon achieving a certain rate of return. Set a goal on the process that you would need to execute each day to get the return. You're powerless over the result, but you can control the process. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show The one thing we all have in common that everyone can relate to. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Trading losses hurt for a variety of reasons. They are all painful. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show See the embedded video. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you're not uncomfortable, you're probably not growing. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Although you might live for the sprint, you have to have a marathoners mentality. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Trying to bull your way through choppy markets only brings deeper drawdowns. It's better to step away for the day and clear your head. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show With so many failed breakouts in this environment, it's not surprising that many traders are chasing trades that they missed. It's the perfect emotional set-up for losing more money. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show The reality is that you are going to miss some trades. Surprise announcements are obviously hard to anticipate. However, there are trading tactics that you can deploy to have your orders ready in advance. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Here's what I do to keep my goals front and center. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It's the end of the first half of 2021, and the beginning of Q3 and 2H. See what you can do behavior-wise to hit your goals more effectively and efficiently. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Strategies won't become ineffective overnight, but they will need some tweaking over time. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show The markets will change in a way you don't want them to at a time that is very inconvenient to you. If you have a character defect, they will amplify it. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Many times when something's not working, folks look for external resources to fill in the holes. This is true for most traders. The best ones know that the majority of the time, the answer to what's not working is already inside them. IMHO, it's about attaining more insight to who you are and your "why" rather than learning a new trading tactic. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you can't see yourself becoming more successful, it's not going to happen randomly. Set goals and then act on them immediately. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It's all about your mindset and how you interpret the environment in accordance with your goals. Click here to get your free copy of The Inner Voice of Trading audiobook.