Market Mamas: Day Trader Psychology

As day traders, Becky and Kendra have been taught and learned through our own experiences to respect and appreciate the influence of probabilities in our trading businesses. We always try to inject logic into our trading system so that we can honor this exact relationship every day at our charts. A red losing day gives us valuable feedback and performance data to examine. Becky shares, "As th...

The book The Subtle Art of Not Giving a F*ck by Mark Manson is our next pick for a Market Mamas Must Read recommendation! It is really so good at challenging one’s perspectives about how real happiness is actually achieved and how problems are never truly eliminated. Manson points out in different ways and with different stories that human beings are flawed and sugar coating that doesn’t do anyone...

It’s time!! Let’s talk RISK MANAGEMENT with the Market Mamas! In this episode, Day Traders Becky & Kendra will cover core risk management terms and techniques, as well as tackle the heart of the risk management challenges. And that is truly embracing, trusting, and exhibiting strong risk management in real time trading. Understanding technically how to place and what makes an appropriate stop...

Summer 2024 went on a very unexpected detour for trader and Market Mama Becky. In this episode, we get vulnerable and honest about what it looks and feels like to persevere through a major life hurdle as a day trader. Whether your trauma is physical, emotional, or belongs to a loved one in your home, working through these obstacles will have similarities. Thereby, so will the recovery beyond them....

In this episode, Market-Mama Kendra discusses her experiences and current season as a developing day trader. Kendra shares her journey of self-discovery and growth in her trading. She realizes that her greatest hindrance to profitability is taking short-lived trades and not fully trusting her analysis. She creates a profit-taking plan and shifts her mindset to love risk and opportunity more than t...

Market Mamas must-read book recommendation features: One Good Trade, by Mike Bellafiore. In One Good Trade: Inside the Highly Competitive World of Proprietary Trading, author “Bella” shares the principles and techniques that have enabled him to navigate challenging markets, both as a trader and as a mentor. Through stories of his trading experiences and traders within his firm under his guidance,...

Trading has to be complicated and vast for a bit, when it is new. There is a massive learning curve during your first several months of your exposure to the markets and how to execute trades, what systems are available, what a real edge even is… But after you’ve settled into a trading market and style, there is tremendous value in then simplifying your system. We market mamas talk in this episode...

When you are early to trading, your expectations and goals are fueled by predominantly successful, advanced traders and online trading mentors who entice us with dreams of making millions from a laptop in no time at all. But is that the reality? Day Traders Becky & Kendra would argue that it is often not an accurate representation of reality and today we confront the truth between realistic ex...

Since starting the journey of day trading over three years ago, Kendra and Becky have found themselves in their own power pursuit in both life and in day trading. In this week's discussion, Market Mamas dive deeper into this topic and touch on the intentions and significance of pushing beyond the status quo and into the fullest version of yourself. Being bold and brave with a willingness to endure...

Market Mamas must-read book recommendation this week features: Never Finished, our 2nd title from author David Goggins. Goggins continues his memoir on the time and growth he went through from where his 1st book ended. He gives us great detail about his continued development of philosophies, psychology, and strategies that helped him to get through and beyond physical trauma, schedule setbacks, a...

If you have ever really attempted a pursuit that is incredibly challenging, then you will know a bit about the concept of resiliency first hand. As day traders, we Market Mamas definitely have developed quite an understanding of this trait. So, let’s talk about resilience and how we best can channel it in all our pursuits! Get to know the mamas better and hear about our current season as busy day...

This classic, The Magic of Thinking Big by David Schwartz, has been influencing individuals to expand their realm of possibility and lives for decades now. For anyone who is hungry for more out of life, a bigger identity, and to build their legacy in day trading or otherwise, we Market Mamas definitely recommend this book. In this best-selling masterpiece, Schwartz proves you don't need superh...

Market Mamas open discussion where day traders Becky and Kendra discuss recent podcast highlights. Our beginner trader guest Amanda was really the perfect person to finally interview the mamas and pull out great experience gems from their early years as evolving day traders. And there were many important lessons from our thorough conversation with professional trader Cris in his recent interview a...

Market Mamas go deep in a candid discussion with trader Cris on day trading, mentoring, community, and evolution within the trading world. From Cris’s early learning years through to his current robust trading community, The Funded Society, we discuss the best and the most challenging aspects of becoming a trader. Similar to other mentors, Cris also stresses the importance of upgrading your identi...

Part 2 of our discussion as newbie trader Amanda asks questions to prepare for her journey ahead. In this half, we delve into the struggle with only executing when you see your key setups and waiting to only swing at the best pitches. But this is a skill that takes time to develop, so we encourage all traders to give yourselves grace with this early period of growth and education at the school of...

Part 1 of an even more in-depth tell all about Kendra and Becky's introduction in the world of day trading. Market Mamas talk about the long and windy road from learning, to application, and executing live trading in the stock market. Becky talks about being humbled early and learning how to call her future into the present. Kendra explains the importance of understanding the game of risk and...

Our latest must-read is E Myth Revisited! For all our entrepreneurs and aspiring business owners out there, this one's for you! The core of the book is all about the distinction between working on your business and working in your business. Author Michael Gerber offers stories and examples of struggles businesses encounter, possible explanations for their trouble, and then elaborates on ways to im...

Take deep dive into the greatest collection of growth mindset guided audios from Market Mamas. In this episode we conveniently bundled our most powerful affirmations, mindfulness, and visualizations. This over 60-minute video provides the mental stimuli to feed and program your mind for success and abundance. This compilation is particularly powerful for traders and anyone striving for true greatn...

Market Mamas welcome back Elier to the show! In this conversation with our friend and fellow day trader, Elier talks candidly about the many things he been able to overcome along his journey. We dive into topics such as working a M-F job while learning to trade, parenthood, life balance, avoiding overtrading, our favorite current trading tips and tricks, plus our mutual passion for this trading jo...

In this episode, Market Mamas address the recent disruption with Rithmic order and platform communication issues. The mamas share their real experiences having traded through these challenging times and how it's affected performance and prop firm trading accounts. Becky and Kendra also discuss other technical errors that can randomly occur and how to best navigate and prevent them. Day trading...

Welcome back Jermaine for an in-depth interview with the Market Mamas! As a consistently profitable full-time trader and dedicated day trading coach, we learn so much from him with every interaction. Wisdom like this is earned from time, effort, focus and experience. During this discussion, our conversation spans from day trading tips to premarket routine, and into being a parent trader. Absorbing...

During this episode, Market Mamas answer 4 viewer questions about the best ways to approach learning to trade. Kendra and Becky go into great detail with the topic of a timeline before trading live capital and the rollercoaster of confidence it takes to do so. The importance of data collection to gain and understand yourself in order to build a solid trading edge is covered thoroughly. Market Mama...

Market Mamas pointed discussion where Kendra and Becky talk trading news and volatility in the markets. Here we give a brief introduction to some important must-know tips to prepare, protect, and even take advantage of the wild moves that can occur on big news days. Learn about the ForexFactory.com news calendar, major Federal Reserve FOMC statements, and how the federal funds rate impacts trading...

Market Mamas open discussion where Kendra and Becky discuss recent podcast highlights. Kendra goes in depth about a trading revelation and how she took action to pivot. Becky talks about the need to tune out the noise of others and protect her castle. A great recap of Market Mama's cruise vacation and how they will approach summer with new schedules and home life priorities. Get to know the mamas...

Join us in this interview with Xavier, also known as The BUFF NURSE! We get straight to the good stuff and discuss his journey from being an underdog to rising to the TOP percent! Xavier wears many hats as an RN, Certified Running Coach, Sub 3 Marathoner, Hybrid Athlete, Owner of RUNA Run Club, IG influencer, and Content Creator. His inspiring story of grit, determination, and tunnel vision will s...