Trader Mindset

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...

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 aud...

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 .