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Trader Mindset

Michael Martin is a trader and instructor. His show deals with the emotional and psychological aspects of trading and managing risk. His book "The Inner Voice of Trading" and features interviews with Michael Marcus, Bill Dunn, and Ed Seykota - who also wrote the Foreword. Get the audio book free at MartinKronicle.com.
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Now displaying: May, 2021
Dealing with frustration when markets stall 0
May 31, 2021
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One of my friends had to put on more than a dozen trades to have 5 current positions.
 
If you are frustrated, you are not alone.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
Trading edge and market nuances 0
May 28, 2021
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You might be able to find a nuance of a market by looking at the data, not the chart.
 
That nuance could be incorporated or become your trading edge.
Be open-minded in your research.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
Understanding relative value trades (pairs and spreads) 0
May 27, 2021
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Trading spreads in the commodities markets and equity pairs in the stock market might be a good way for you to cut the vol in you portfolio.
 
In these types of trades, you're trading the difference between the two instruments more than making a bullish or bearish bets.
 
These are considered relative value trades.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
If you smell smoke, assume it's a 5-alarm fire 0
May 26, 2021
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Markets can move swiftly against you, sometimes before you can act fast enough to cut risk.
 
Consider having protective stops in the market, especially if you're trading with leverage.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
Trading within a bubble 0
May 25, 2021
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Trading bubbles is what you pray for, but you have to know that the market is in a bubble.
 
If you get caught up, you can get hurt badly.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
Using charts to play superior defense 0
May 24, 2021
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My take on Warren Buffett saying he doesn't know any rich technicians.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
What to do if the market determines your mood 0
May 21, 2021
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Intentions equal results.
 
Speak about the truth that you want in your life, not what you don't have.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
Keep your perspective on the big picture 0
May 20, 2021
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Intentions equal results.
 
Trader burnout doesn't typically occur during raging bull markets.
 
It happens when you're grinding which happens in markets like these.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
The benefits of making a strategic break in your routine 0
May 18, 2021
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Refresh and restart.
 
Although you can probably smell the smoke, sometimes you can't see where the fire is when you're standing on top of it.
 
Take a few days off in this environment to clearly see all the NPAs (non-productive activities) that you might have accumulated since March 2020.
 
It will save you time, money, and energy.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
Know when to take a day off 0
May 17, 2021
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Intentions equal results.
 
If you're burnt out and know it, and you're still grinding, how does that serve you?
 
Take a day off and put some space between you and your trading.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
How small losses give you staying power 0
May 13, 2021
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Bad luck and bad timing can wear you down.
 
False breakouts can evoke feelings of frustration.
 
Good luck and good timing is around the corner.
 
Sitting on your hands in frustrating markets and trading smaller will help you be in the right time at the right place for the good luck and good timing.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
Ownership and responsibility 0
May 12, 2021
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You define your own trading edge.
 
If you can't define it, you don't have one.
 
Be self-reliant in your risk management.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
Start dialing - this is a great time to get new clients 0
May 11, 2021
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When investors are frustrated, it's a good time to discuss working with them and taking over their account(s).
 
Ask them about their process.
 
Chances are they don't have one...
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
How much of your day is ritual versus routine? 0
May 10, 2021
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Suppose you could figure a way to better use your time to improve your trading or money management?
 
Knowing where and how you're spending your time now would be a good place to begin...
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
What do you feel when you have to be patient? 0
May 7, 2021
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The "fear of missing out" or FOMO can instigate a fight between your discipline and how smart you think you are.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
How price targets can make you do things you will eventually regret 0
May 6, 2021
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Jumping the gun might work once in a while, but you're better off waiting for the trade signal.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
How an understanding of history can help temper your hubris 0
May 5, 2021
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History lesson: Netscape Navigator v. Microsoft's Internet Explorer - how to see things for what they are.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
Coinbase Romance: Don't get caught up 0
May 4, 2021
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Trade the price, but fundamentals will eventually matter.
 
Although I believe it will evolve to a professional level over time, right now Coinbase is a 5G Company with 9600 Baud Client Service.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
The many benefits of having and keeping clarity 0
May 3, 2021
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If you have too many choices, you can find yourself stuck in indecision.
 
Getting clear about your goals will save you enormous amounts of brainpower.
 
That allows you to focus your intentions on the most important things to you - your goals.
 
Click here to  get your free copy of The Inner Voice of Trading audiobook.
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