Traders Mastermind

Odysseus knew what was up. Despite being a formidable warrior he knew he was still fallible, human, and vulnerable to temptation. So he was smart. “Tie me to the mast lads!” he cried before the ship sailed past the seductive sirens. He took steps to make sure he wasn’t seduced by short-term emotion, which allowed him to safely pass the island while so many others had perished before him and he rea...

In this episode I talk to special guest Jarrod Goodwin about systematic or mechanical trading. (Using a complete rules based system) Jarrod runs a selection of systematic strategies with full automation and in this interesting conversation I ask him: How he got into trading and why the mechanical route. How he comes up with new systems. Back testing rules and mistakes. Running multiple systems. Si...

In this episode, I explore the strategies of the most influential trader in the S&P pit.  The “number one local” We'll delve into: How he pinpointed lucrative trading opportunities His tactics for trapping other traders The skill of knowing when to exit a losing position His remarkable ability to push aggressively when a trade was successful And generally what we can learn as screen traders fr...

Join me for this captivating episode as we sit down with macro expert Michael Brown to dissect the recent SVB shockwave that rocked the trading world. We’ll cover all aspects of the event, including: The inside story of what happened at SVB and why it matters The Credit Suisse collapse and its contributing factors The role of public sentiment in shaping market reactions A simplified model of a ban...

Trading’s a pretty unique business… No staff, customers or huge overheads. But the potential to grow exponentially. Pretty good. But can we learn anything from the traditional business world?  What strategies and tactics can we model and deploy in our own trading? In this episode, I discuss different ways to think about your trading business and how to use some of the traditional business world ta...

How comfortable are you with losing? No, really! Because we all know we should fit our strategy to our personality, but how often do we consider the expected win rate of the strategy and its impact on our emotions? Some traders are happy to sit through loser after loser knowing they’ll get a big pay out soon enough. Others start meddling and getting concerned with three losers in a row! In this ep...

In this developing trader series episode, I speak to Chris D, a day trader from the UK who finally found his perfect trading style after years of struggling. We discuss: Why switching from the DOW to the FTSE was his best-ever decision What trading strategies he currently deploys His extensive (punishing?!) pre-market routine Non-negotiable rules  His obsession with data gathering and how it suppo...

Get my 3 minute daily email. Designed to help you cultivate discipline, momentum and consistency. 1% better each day. https://www.tradersmastermind.com/ “The grass is always greener on the other side” Never a truer word has been spoken in trading! So many traders are seduced by the latest big thing, a strategy, a market a methodology. (guilty!)It may have merit, and it may well find a way into you...

You’ve seen the guy on the golf course, new top-spec clubs, fully kitted out, gets on the first tee… shanks it! Trading is similar. But in trading, the ‘gear’ is knowledge. Too many traders know much about the markets but fail to apply it… Overcomplicating, overthinking and trying to outsmart the market each day. Trading is not the arena to be smart. Simple, consistent execution is the key. In thi...

We’ve all been there, your equity curve looks amazing, you feel pretty pleased with yourself, trading has been going well. But all of a sudden things take a turn for the worse. You start to drawdown heavily and you wonder what happened. You’d give anything to get yourself back to equity highs. To get that feel good factor back. But watch out for the trap! That’s the fork in the road that catches m...

Stress is good. Yep I said it, a certain level of stress is good, it keeps you alert and moving forward. It stops you being complacent. But too much can affect trading performance, badly. And no one wants that! In this episode I explore what you can do to manage stress as a trader to keep you performing at your best all year round.

Let’s face it, we’ve all had those moments where we’ve wanted to throw in the towel and start over. And that’s okay! In this episode, I’ll show you how to wipe the slate clean and start fresh - without having to burn down your trading station... I’ll discuss practical strategies for starting over, such as reevaluating your goals, creating a new plan, and letting go of past failures. We will also e...

Traders love technical analysis, but as soon as you start talking about macro themes everyone switches off! But, big money moves markets and big money loves macro… So it makes sense to have a basic understanding of how and why these bigger players are making decisions to trade. Right?! In this episode I ask macro expert Michael Brown, ex FX Dealer and now market analyst at TraderX to explain the f...

The episode explores how understanding the concept of the Stockdale Paradox, named after James Stockdale, a US Navy pilot who was held as a prisoner of war in North Vietnam, can help traders achieve success. The Stockdale Paradox is a combination of two attributes. An honest assessment of the current reality An unwavering belief in ultimate success. This seemingly contradictory attitude can help y...

In this episode I’m diving into some of the most common cognitive biases that can affect traders: loss aversion, confirmation bias, and familiarity bias. First, let’s discuss confirmation bias, the tendency to seek out information that confirms our existing beliefs. This can lead to a lack of objectivity and an inability to consider alternative viewpoints. I’ll discuss ways to mitigate confirmatio...

I’m a big fan of focusing on one thing at a time. Trade setup, a specific market, a strategy. The laser focus helps you achieve what you want quicker, allowing you to move on to other important things. I even talked about this from a health perspective in episode 41 when I didn’t really have a clear goal in the gym. But when I decided to focus on losing body fat first and then gaining muscle I got...

Goal setting, plans, ideas, to-dos. The end of December can become cluttered with good intentions and a big vision. But what happens when you take things away that aren’t serving you? When you clear out the clutter and make the tough decision to only focus on the things that matter? Just like in trading when you peel back the chart to pure price, things become more clear. You open up mental bandwi...

Have you ever read a non-trading related book and thought? “That has so many parallels with trading, I’m so glad I read that” Yep, me too. Often when we read something unrelated to trading, it changes the way we view ourselves and the market for the better. In this episode, I share a handful of non-trading-related books that I’ve really enjoyed and that have had a positive impact on my trading. Ma...

What are the biggest separators between winning and losing traders? In this episode I discuss what I believe are the 3 most important traits of winning traders and how to cultivate them in your own trading. Have you signed up for Trading Plan Pro yet?

Michael Katz is the CEO of online stock trading prop firm Trade The Pool. In this episode we discuss: Michael’s 15-year personal trading journey  The psychology of trading company money vs your own Discovering new edge through journalling The biggest mistakes that he sees traders make Attributes of hyper-successful traders & much more If you are looking to explore the online prop world and get...

Bridging the gap between your trading knowledge and results is often the missing piece of the puzzle. You have all the technical ability and a deep understanding of the markets but transferring that to a workable and effective strategy can be tough. In this episode, I discuss a multi-step process for discovering a trading strategy that suits your trading style and personality. A structured method...

Too often we put ourselves in almost impossible market conditions and demand we perform. How many times have you reviewed a bad trading day only to think: “WTF was I thinking even trading that?!” You got sucked into chop, tried to force trades that weren’t there and paid the price… So often we think that more discipline is the key.  Whilst that’s true to some extent, many times we are demanding a...

In this episode of the developing trader series I talk to DAX Day Trader Henry about his two year trading journey so far. We discuss a variety of topics from tactical setups to mindset and trading psychology. Including: Why becoming (uncomfortably!) specialised helped him get traction How the VWAP has become a key part of his process Ways to stay focused as a full time screen trader Framing the da...

Overthinking kills good trades. You’re about to pull the trigger and your mind just races with reasons why this trade might or might not work. Worst case scenario you talk yourself out of a great trade. Only to get frustrated seeing it going your way. Best case scenario you reluctantly pull the trigger, but are so unsure about the trade you get spooked and close the position early. Ultimately over...

This is a follow-up interview with the options athlete from Episode 60 . In this episode, we discuss: The pros and cons of his big decision to shift market focus from stocks to the ES. Setting reasonable rules Breaking the day down into chunks Adding to trades Journaling best practices Getting an edge from statistics Creating a roadmap for the day Why he expects his biggest trades to come after 10...