Trader Mindset

Subscribe to the show You might find that when the markets go down, you get frustrated or depressed. It may also happen even though you're smart enough to sit on your hands when the tape is heavy. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When, during your day, do you feel uncomfortable? Albeit temporary, setting and achieving goals will leave emotional stretch marks. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show I don't believe in canceling people. I believe in redemption. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show I think mindfulness and awareness are two different but related things. Here's one way to differentiate between the two so that you can put both to work for you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It's not just about performance or what your trading potential might be. You have to fit in culturally with what the desk already has. [We don't hire traders nor allocate FYI.] Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Take a break from your charts and read The Economist, for example. When you can develop a thesis where the fundamentals and technicals align, you'll find yourself in a good place. Not all fundamentals are "funny-mentals" - the latter of which is often misused or taken out of context. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show A great deal of trader frustration comes from the need to be right or correct. That's a tall order since we're all dealing with imperfect information at best. Conjugating your emotional makeup with the expected value of your trading set-up(s) is a better way to evolve. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When you're managing risk, if you don't know who you are, it does't matter what you know. Almost immediately, your psychology and emotions will take over. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show In this episode, I answer a reader question about technical indicators and chart overlays. I referred to these as 'emotional band-aids' in my book. In this episode, I speak about studying the data around an inverse or reverse head & shoulders pattern as an example. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you are looking to grow your assets, you need to open accounts. The best relationships are ones where you and your clients understand each other on a deep level. You can't get to that spot without being a good listener. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you don't know the odds or probabilities (there the same thing), you can't effectively position size. You're gambling, but now at least you know. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show As of this date, the majority of companies that help you buy and sell crypto are not regulated nor registered as Broker/Dealers. It's highly likely that is going to change. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Knowing how the crowd is going to behave can lead to improving your trading edge. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show All of your emotions are trying to communicate with you and teach you something if you know how to listen. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Let the market help you build an investment thesis after you're already long. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You can learn a great deal about trading by doing it, and in doing so, you'll become your own best teacher. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you're seeking emotional support for not having your own trading model nor methodology, you're in for a surprise: financial televisions shows can't help you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show One of my friends had to put on more than a dozen trades to have 5 current positions. If you are frustrated, you are not alone. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You might be able to find a nuance of a market by looking at the data, not the chart. That nuance could be incorporated or become your trading edge. Be open-minded in your research. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Trading spreads in the commodities markets and equity pairs in the stock market might be a good way for you to cut the vol in you portfolio. In these types of trades, you're trading the difference between the two instruments more than making a bullish or bearish bets. These are considered relative value trades. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Markets can move swiftly against you, sometimes before you can act fast enough to cut risk. Consider having protective stops in the market, especially if you're trading with leverage. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Trading bubbles is what you pray for, but you have to know that the market is in a bubble. If you get caught up, you can get hurt badly. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show My take on Warren Buffett saying he doesn't know any rich technicians. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Intentions equal results. Speak about the truth that you want in your life, not what you don't have. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Intentions equal results. Trader burnout doesn't typically occur during raging bull markets. It happens when you're grinding which happens in markets like these. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Why you should adjust your protective stops upwardly. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Refresh and restart. Although you can probably smell the smoke, sometimes you can't see where the fire is when you're standing on top of it. Take a few days off in this environment to clearly see all the NPAs (non-productive activities) that you might have accumulated since March 2020. It will save you time, money, and energy. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Intentions equal results. If you're burnt out and know it, and you're still grinding, how does that serve you? Take a day off and put some space between you and your trading. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Your subconscious is running the show. Get in touch with it. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Bad luck and bad timing can wear you down. False breakouts can evoke feelings of frustration. Good luck and good timing is around the corner. Sitting on your hands in frustrating markets and trading smaller will help you be in the right time at the right place for the good luck and good timing. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You define your own trading edge. If you can't define it, you don't have one. Be self-reliant in your risk management. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When investors are frustrated, it's a good time to discuss working with them and taking over their account(s). Ask them about their process. Chances are they don't have one... Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Suppose you could figure a way to better use your time to improve your trading or money management? Knowing where and how you're spending your time now would be a good place to begin... Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show The "fear of missing out" or FOMO can instigate a fight between your discipline and how smart you think you are. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Jumping the gun might work once in a while, but you're better off waiting for the trade signal. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show History lesson: Netscape Navigator v. Microsoft's Internet Explorer - how to see things for what they are. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Trade the price, but fundamentals will eventually matter. Although I believe it will evolve to a professional level over time, right now Coinbase is a 5G Company with 9600 Baud Client Service. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you have too many choices, you can find yourself stuck in indecision. Getting clear about your goals will save you enormous amounts of brainpower. That allows you to focus your intentions on the most important things to you - your goals. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You can manage your mindset like a portfolio manager. Sell the bad vibes and buy more of the good ones. When you sell your losers fast, you improve your mindset. That can lead to better performance. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You'll feel better taking the small loss today, rather than taking a larger one tomorrow. By avoiding the frustration today, you invite despondency tomorrow from having lost more. Things go from unfavorable to bad and then to worse. Which would you rather feel? Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Don't become soft and start negotiating with yourself when you start losing money. Be decisive and offset the position. You main goal is to play superior defense. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Don't let your greed overshadow risk management even with large unrealized gains. You can give them back in no time. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It's the client's money, but you are the boss. Wherever you are sitting, it has to be at the head of the table. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It's the client's money, but you are the boss. Wherever you are sitting, it has to be at the head of the table. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Tell your clients to mind their own business. You are the money manager / investment advisor. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show "When I fall in love, it will be forever." - When I Fall in Love, Nat King Cole (lyrics by Edward Heyman and music by Victor Young) Stocks aren't women (or whoever you're attracted to). Don't fall in love with them. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show The story around a stock can cross over into the realm of fiction. Only the price tells you the truth. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Set goals even if you don't know how you'll achieve them. Your brain will find a way to work it out. Intentions equal results. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show We are powerless over the markets. The best we can do is to harness the forces to our advantage only when it makes sense to do so. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Traders constantly make decisions with imperfect information. Be mindful and aware that your strong feelings for a name / sector don't outweigh the expected value of a trade. Click here to get your free copy of The Inner Voice of Trading audiobook.