Trader Mindset

Subscribe to the show   Take a small step in the direction of your goal.   It's a much greater effort to put forth than someone sitting on the couch.   Take action.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   On some level, everything is unexpected - I know that.   In this context, I'm speaking about markets moving sharply against you before you have a chance to act.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   You've probably heard the saying "what gets measured gets improved."   There are several moving parts to managing risk as a trader or advisor.   Here are a few things that you can chew on for your end of year or 2021 planning.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   The easiest way to lose a great deal of money is to bet big because you think you "have a feel" for the ticker.   On the other hand, you might be leaving a great deal of upside on the table because you're being too conservative.   A good place to start is by having consistent position sizing.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Put yourself first.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Are you wrong or unintelligent when a trade loses money?   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   You have more time than you think to get it together.   If you press, you'll lose.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   The best you can do is put your trades on.   How you modulate your interpretation of the market activity comes down to managing risk.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Mindset is one of the biggest differences between the two.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   In order to get paid what you're worth, you have to have a clear understanding about what you bring to the table.   You also need to understand the landscape of the industry and how you compete therein.   One thing is certain: if you don't ask for the money, you're not getting it.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   What you do for homework can tell you a lot about the role you play and the value you bring to your clients.   There is a big difference between managing risk and asset allocation.   If you intend on collecting Incentive Fees, you have to do your own homework.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   When you act decisively, you cauterize all the emotional angst that would normally come afterwards.   Think of the great feelings you'll have when you can show your client(s) how you sidestepped large drawdowns, took profits when your names reversed, and didn't do things like buy pullbacks in a weak market that kept going down.   Traders and portfolio managers have to be le...

Subscribe to the show   When you act decisively, you cauterize all the emotional angst that would normally come afterwards.   You come to the market the next day without the emotional hangover and a clear head.   That leads to another productive day.   Good leaders are decisive and traders have to be good leaders.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   When you act decisively, you cauterize all the emotional angst that would normally come afterwards.   If you don't offset losses quickly, they can become larger losses.   Which feeling do you want to feel - the power of being decisive or the feeling of regret from not having taken action sooner?   You get to choose...   Click here to get your free copy of The Inner Voice of...

Subscribe to the show   A good advisor has wisdom across many areas in life and business.    Clients will rely on those advisors for more than portfolio management.    That's a good place to be so be that advisor.    Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   If you sell your losers regularly, all your clients will see are what's left: the winners.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   You don't want clients asking you about names you don't own.   Have them set up a second account for all their great trading ideas, and don't get involved.   You'll thank me later.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Clients like to know that you have a plan.   You're not likely to anticipate everything, but it pays to have discussions with clients before major announcements.   No one likes surprises.   Being conscientious about their money will pay you and your clients big dividends.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Clients are looking at the daily swings in their account when they see big moves in the market.   You might consider having discussions with them before this happens to instruct them on what you'll do.   Big increases in vol can also signal a change in direction...   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   The ultra-wealthy already have all the money in the world.   They don't need you to double their money.   Their main concern is to "not lose."   How will you be different from the other managers they are interviewing?   It's the differences that sell, so sell them what's in this episode.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Imagine if you had to interview yourself for the job you want.   How would you grade yourself for the job you're doing?   Would you give yourself a written recommendation?   What would you write?   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Good trades make you money right away.   Use a time stop to offset risk.   Else, you might be too forgiving and acting like an Investment Advisor when you're trying to be a trader.   Fight Imposterism within yourself.   I made that word up - imposterism.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Bad spots in this context can mean trades that you have no business being in.   Been there, done that.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Doing something once is easy.   Doing it over and over is another ball of wax.   Here's one way to know if you are compatible with what you're trying to do in the markets.   Click here to get your free copy of The Inner Voice of Trading audiobook .

Subscribe to the show   Focus on having discipline and executing that discipline every day.   That produces consistency.   That's what you're competing with - the ability / inability to do the right thing every day.   Click here to get your free copy of The Inner Voice of Trading audiobook .