Info

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.
RSS Feed Subscribe in Apple Podcasts
Trader Mindset
2024
April
March
February
January


2023
December
November
October
September
August
July
June
May
April
March
February


2022
November
October
September
August
July
June
May
April
March
February
January


2021
December
November
October
September
August
July
June
May
April
March
February
January


2020
December
November
October
September
August
July
June
February
January


2019
March
February


2018
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
April
March
February
January


2016
December
July
June
May
April
March
February
January


2015
November
October
September


Categories

All Episodes
Archives
Categories
Now displaying: Category: general
Mar 17, 2021
You can quiet your mind by eliminating what you put into it.
 
That might mean canceling subscriptions, not having the tv on during the trading day, and staying away from social media.
 
If you can't attribute having the tv on with profitability, why have it on?
 
Investigate all your security blankets for efficacy.
 
You might be surprised how little they help you.
 
Mar 16, 2021
I see and hear from many traders and advisors struggling to get it right.
 
Most of the time, they need insight on how to understand themselves more than anything else.
 
Mar 15, 2021
 
When things aren't working, take a few days off and pivot.
 
You're not going to miss anything.
 
The markets will always be there.
 
Mar 12, 2021
You become empowered as a trader when you begin (or continue) to assume responsibility for the P&L and everything that happens in the portfolio.
 
Mar 11, 2021
Diversification is risk reduction, not risk management.
 
Now is the best time to start managing your clients' expectations.
 
Mar 10, 2021
Sector rotation is underfoot.
 
Time to look at new names in new sectors.
 
Mar 9, 2021
Don't fall in love with a stock or future contract.
 
You have to remain objective enough to cut ties with either and never look back.
 
Mar 8, 2021
As I've mentioned earlier, when you set your protective sell stops, you're not only protecting your financial capital, you're protecting your emotional capital as well.
 
Even if you would consider yourself as having an aggressive trading style, your main focus in both strong and weak markets, is to play superior defense.
 
Protect your capital at all costs.
 
Mar 5, 2021
When momentum stalls, you can deploy a "time stop" to sell before your percentage-based protective stop gets filled.
 
Good trades start making you money right away.
 
If momentum stalls right after you get long, it's a warning sign that you have bad timing.
 
Mar 4, 2021
With a nod to Langston Hughes' poem "Harlem," there's a large opportunity cost to not taking immediate action towards hitting your goals.
 
Mar 3, 2021
You can avoid the "should have, could have, would have's" by acting with intentions.
 
Mar 2, 2021
When you get stopped out, you free up all the noise in your brain.
 
Practice mindfulness during the day by trading in silence and listen to yourself.
 
Mar 1, 2021
Quoting Charlie Munger, it's hard to be a great investor.
 
You can be average and still do very well.
 
Feb 26, 2021
 
When you set your protective sell stops, you're not only protecting your financial capital, you're protecting your emotional capital as well.
 
Feb 25, 2021
If you have a robust system with positive expected values, it's just a matter of time for you to see the results that you seek.
 
However, you have to take every trade.
 
And although that might not feel good at times, it's integral to your overall performance and track record.
 
Feb 24, 2021
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 to you.
 
Feb 23, 2021
Putting your optimal size on all at once might be more of an expression of greed than starting smaller and adding to it.
Feb 22, 2021
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.
 
Feb 19, 2021
If you don't have a trading edge, volatility does not equal opportunity for you.
 
Feb 18, 2021
A favorable outcome does not necessarily say anything good about the process.
 
Feb 16, 2021
Financial independence comes from being self-reliant.
 
You cannot count on anyone but yourself.
 
Feb 15, 2021
The Greater Fool Theory is alive and kicking on every trade, not just the momo stocks.
 
1 « Previous 8 9 10 11 12 13 14 Next » 29