Trader Mindset
1,271 episodes — Page 14 of 26
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.
Kill losses fast - don't make it worse by adding to losers
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.
How backtesting can help you grow emotionally
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.
How hubris can talk you into bad trades
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.
Revenge trading - when you expect too much from random data
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.
Beliefs, Proofs, Faith, and Knowledge
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.
Where bias shows up in your trading
Subscribe to the show Hint: it's everywhere. Click here to get your free copy of The Inner Voice of Trading audiobook.
Trader education is not hierarchical
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.
You don't know, but your protective stops do
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.
Conditions will never be perfect
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.
Review and reflect on your goals if your performance isn't there
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.
How to never miss a trade
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.
Trading with angry money
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.
Do you finish what you've started?
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.
Conserving your mental energy
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.
One of the most important traits you need
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.
How to program your emotional responses
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.
Noise versus signal
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.
A brief history lesson
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.
How my early losses shaped my behavior
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.
Your willingness to transfer risk
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.
How do you know if you're in the zone?
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.
What your emotional system is trying to tell you
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.
How to train yourself to handle difficult situations
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.
Finding solace
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.
You are the risk manager - don't delegate it to anyone else
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.