Trader Mindset

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.

Subscribe to the show Context on self-doubt when it begins to pervade your trading when you find yourself in a losing streak. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Managing risk when your names go against you but you don't get stopped on any one particular name. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Equity pairs (long one stock, short another correlated stock) can stake the sting out of market pullbacks. This involves short selling so make sure you know that short selling is appropriate for your level of risk tolerance and financial means. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Your upside and drawdowns go hand in hand. Make sure you investigate both when adopting a new trading style or asset class. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show I believe in knowledge for the sake of it. But you need to figure out the marketing game in order to attract clients and assets. Having a designation isn't going to attract new clients through the front door. This also marks the second time I misspoke this week: I'm pretty sure Alex Lifeson used a Flanger with Chorus on The Spirit of Radio. I believe I said Phase Shifter. (I can get the same sound with a Phaser FYI...) Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you're an investment advisor, you need to have an understanding of the narrative as it will come up with your client conversations. If you're creating alpha, focus on your own behavior and eliminate as much of the noise as possible. The price will tell you all that you need to know. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You can learn and enhance the nuances of your trading rules by looking at the same instrument over multiple time frames. This allows you to refine your rules to better suit your emotions and trading psychology. Fragile is the 4th album by the musical group Yes...I mistakenly said it was one of the first albums. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You can't delegate your emotional intelligence. What can you replace your feelings of frustration with that won't sabotage your trading or your life? Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Human behavior is predictable: people want to feel good. That means they'll do the wrong thing at the right time. Use that to your advantage in your modeling. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Seek pleasure in setting your protective stops. Love the outcome rather than becoming frustrated - you've just preserved your capital. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You run two systems. Which one are you feeding? Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You should take a week off and study market history. The names change, but human behavior does not. "You can observe a lot by watching." - Yogi Berra Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Know your history - it can help you model your risk parameters and help you with your #1 job - play superior defense. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Try something new. Change your daily routine. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show ...or, "How to not work yourself into a frenzy" Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Bob and weave, pivot, and then do some judo. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Don't fall in love with one instrument - you'll end up trying to find trades that aren't there. A robust trading system that you can deploy across an asset class is the better way to go. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Don't fall in love with one instrument - you'll end up trying to find trades that aren't there. A robust trading system that you can deploy across an asset class is the better way to go. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Study your own behavior for best results. Too many outside voices and opinions can make you more confused than you already might be on your own. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You get what you give. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You can quiet your mind by eliminating what you put into it. That might mean canceling subscriptions, not having the tv on during the trading day, and staying away from social media. If you can't attribute having the tv on with profitability, why have it on? Investigate all your security blankets for efficacy. You might be surprised how little they help you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show I see and hear from many traders and advisors struggling to get it right. Most of the time, they need insight on how to understand themselves more than anything else. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When things aren't working, take a few days off and pivot. You're not going to miss anything. The markets will always be there. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You become empowered as a trader when you begin (or continue) to assume responsibility for the P&L and everything that happens in the portfolio. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Diversification is risk reduction, not risk management. Now is the best time to start managing your clients' expectations. Click here to get your free copy of The Inner Voice of Trading audiobook.