Trader Mindset

Subscribe to the show Sector rotation is underfoot. Time to look at new names in new sectors. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Don't fall in love with a stock or future contract. You have to remain objective enough to cut ties with either and never look back. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show As I've mentioned earlier, when you set your protective sell stops, you're not only protecting your financial capital, you're protecting your emotional capital as well. Even if you would consider yourself as having an aggressive trading style, your main focus in both strong and weak markets, is to play superior defense. Protect your capital at all costs. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When momentum stalls, you can deploy a "time stop" to sell before your percentage-based protective stop gets filled. Good trades start making you money right away. If momentum stalls right after you get long, it's a warning sign that you have bad timing. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show With a nod to Langston Hughes' poem "Harlem," there's a large opportunity cost to not taking immediate action towards hitting your goals. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You can avoid the "should have, could have, would have's" by acting with intentions. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When you get stopped out, you free up all the noise in your brain. Practice mindfulness during the day by trading in silence and listen to yourself. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Quoting Charlie Munger, it's hard to be a great investor. You can be average and still do very well. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When you set your protective sell stops, you're not only protecting your financial capital, you're protecting your emotional capital as well. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you have a robust system with positive expected values, it's just a matter of time for you to see the results that you seek. However, you have to take every trade. And although that might not feel good at times, it's integral to your overall performance and track record. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Your reluctance to feel frustration in taking small losses today ensures that you will feel despondent going forward. Reluctance makes you do the stupid things that you end up having many regrets around your decisions and large losses. Therefore, you should start to not only invite the frustration into your world, but you should come to love it because of what it means to you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Putting your optimal size on all at once might be more of an expression of greed than starting smaller and adding to it. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When you try new things, you don't know what you're doing oftentimes. Let it get messy and pay attention to how much permission you give yourself to find your best version of you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you don't have a trading edge, volatility does not equal opportunity for you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show A favorable outcome does not necessarily say anything good about the process. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Subscribing to a Reddit feed does not constitute a trading edge. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Financial independence comes from being self-reliant. You cannot count on anyone but yourself. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show The Greater Fool Theory is alive and kicking on every trade, not just the momo stocks. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Protect your capital and play superior defense. That's job #1. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Why trading rules are your pilot and navigator. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you fear being conquered, you ensure defeat. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Traders live in a paradigm of personal responsibility. You have to find the ingredients, come up with the recipes, learn to cook, and then eat your own cooking. End of story. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show FCMs and B/Ds can change/increase your margin rates without notice and without an explanation. They do this to protect the integrity of the market whether participants like it or not. This is normally done to the retail market, not the institutional market. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You don't even have to buy Calls - you can get clients to give you them. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show I don't think you can intellectualize how you will feel about something you haven't experienced. The emotional and psychological wisdom you gain from experience is invaluable. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You have to write out what you think your instincts are telling you by hand. A short list is better than a long memory, and it helps you be honest with yourself and have integrity with the process. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show The price is a beacon for you to enter your orders to manage risk. Prices are not absolute, they are relative. If you get stopped out trying to protect your capital, you can always get back in at higher prices. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Winners rotate - what made you money last week, month, or last year, might not be what carries the day in 2021. Use protective stops to capture as much of your unrealized gains as possible. "You cannot step in the same river twice" is a quote from Heraclitus. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You will also hit your trading goals faster if you know what you're doing it for. Having personal goals outside of your trading goals will help you get the best of both worlds. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you are having trouble letting go of the emotional need (it's not financial) of letting go of price targets, you might consider thinking in terms of "price ranges" as you segue to not having any price targets and letting the market tell you when the move is over. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show There are no intellectuals solutions to your emotional problems around managing risk. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Just because a name moved 35%, for example, doesn't mean you've missed the move. Oftentimes they can continue to move many multiples beyond that - like 10x-type moves. Don't let relative price movements stop you from making smart financial decisions. Hint: they might not feel good when you make them. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show How do you make money arguing with people on Twitter or Stocktwits? Focus on the things that impact your P&L. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You are competing with yourself. There's nothing else that matters. There's no one else that matters. Do what's best for you. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show The goals you set for yourself outside of your trading can add AND detract from your trading success. Be mindful of everything you do. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It might take a few months to figure out what the best process for you to follow actually is. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Traders trade. That's it. There isn't anything that you need to beef up your credibility. Just start managing the risk. What you learn from the doing will provide you with all you need. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show The investment advisor world does not typically train individuals to make their clients money. Naturally, learning how to read charts is something they have to endeavor on their own. Here's one way to begin to understand what's going on behind the OHLC bars or candles. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show There seems to be a natural order of things that risk managers need to endure to find their game. Those include security selection, position sizing, entries, and exits. For most, this is time consuming - and that can be frustrating in and of itself. I have found that there is one overarching thing that can help expedite the process. On some level it has nothing to do with trading, but on another, it has everything to do with trading. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If you take profits, delete the name from your screen. These aren't lovers - you can't fall in love with former flames. The last thing you want to do is start looking at 5-minute bars after exiting a winner. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Adjusting your stops to take profits is an art and science and it ties directly into your tolerance for risk. How much of your current unrealized gains are you willing to risk in order to stay in a trending instrument? This topic is at the top of the list in trading psychology. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It might not be great for your personal relationships, but there might be a benefit to keeping your risk on a 2-inch leash. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It's wise to adjust your stops several times per day if necessary. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Mastery is achieved over time. The most important thing is to know yourself - which is a never-ending assignment. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Determining what consistency means to you and for you based on what you have to live through and perform. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show One way to understand the difference between creating gains versus creating alpha is the time frame. And creating net gains over time and benchmarking them versus the S&P requires one thing from you in terms of behavior. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You'll never be as emotionally connected to someone else's work as you will your own. Do you own homework - it gives you ownership and better connects you to hitting your goals. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show There are several levels of trust to consider and they all have to align. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You might be shooting for 50% RoR, but that comes with the potential for a 25% drawdown. Your clients might not want either... Make sure you communicate what you're endeavoring with your clients and be on the same page. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It's very difficult to backtest chart by reading charts going back 20 years. A trading simulator that runs at the portfolio level is your best bet. Click here to get your free copy of The Inner Voice of Trading audiobook.