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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: Page 1
Oct 2, 2017

Consistency is the key to your success as a trader. You might have to learn to deal with the monotony in order to do so.

New York Yankee Closer Mariano Rivera had one pitch that he relied on - a cut fastball - and although the opposing teams knew the pitch was coming, he was very effective at what he did.

Rivera has the most Saves in the history of MLB.

You can reduce your activity to what creates alpha and trade set ups that have positive expected value.

Be economic in your activity b/c you'll also need to conserve your energy. It's a marathon, not a sprint.

Do one thing very well, create alpha, and keep losses small and you'll have a long career.

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