Trader Mindset

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.

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.