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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 5, 2017

How you place value on your time or money determines your trading style.

If you value your time more, you're likely not sitting in front of a wall of monitors all day. It's not worth your time.

If you value your money more, you may be holding on too tight and thinking that you have more control over your risk by sitting at a monitor. You don't.

That's the illusion of control.

Stop orders will get hit regardless of whether you're watching them or not. Let your control issues go. Delegate your hyper vigilance to your stop orders.

Acting this way is a bad habit.

Find out what works and scale that.

Backtesting will get you a good idea of what has worked in the past.

If what you're using is available to the general public, how do you think that adds to your trading edge? It doesn't.

Two Free Offers:

Tony Saliba's Options Playbook

Inner Voice of Trading Audiobook

 

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