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The Michael Martin Show

Michael Martin is a trader and instructor for MartinKronicle. His show deals with the emotional and psychological aspects of trading and managing risk. Martin's own book is called "The Inner Voice of Trading" and features interviews with Michael Marcus, Bill Dunn, and Ed Seykota - who also wrote the Foreword.
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The Michael Martin Show
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Now displaying: September, 2020
Sep 30, 2020
Play your game - don't try to become someone or something else when the markets go against you.
 
Stick to your knitting - the market will continually morph to try to get you out of your mind so that you betray yourself.
 
I misspoke on the show - the Russian hockey coach who succeeded Anatoly Tarasov was Viktor Tikhonov.
 
Sep 29, 2020
You have the right to 'not' participate in the markets - that's an edge.
 
It's a good time to reach out to potential clients and gather assets to manage / trade.
 
When markets are under duress, so are the people who have substantial assets at risk.
 
They need help and you're just as good as the next person to provide it.
 
You just have to believe that you are...
 
Sep 28, 2020
Upside movement for long-only traders and investors can induce you to buy back into a falling market.
 
This is your emotional system running your trading system.
 
Even pro traders have strong emotions, but they don't let them undermine their trading.
 
Sep 25, 2020
Metamorphosis is a part of life, but not when markets are in turmoil and you are bored.
 
Becoming a different trader because your main model is out of favor for the time being is a path to losing a great deal of money.
 
Sep 24, 2020
If you jump the gun, you're satisfying an emotional issue not a financial one.
 
Sep 23, 2020
Let go of what's not working and watch your results take off. 
 
Sep 18, 2020
If you have blow out losses, it could be because you are reluctant to lose smaller percentages of capital.
 
Sit on your hands for larger gains.
 
Sep 16, 2020
Look at where your returns are clustered. Work backwards from there...
 
Sep 15, 2020
You get paid to execute, but stay in your lane.
 
Sep 14, 2020
Winners rotate.
 
What made you money through the end of August, might not be the same names worth being in going forward.
 
Be careful trying to buy the same stocks or contracts after you get stopped.
 
Sep 11, 2020
Poor trading is rarely about not knowing what to do - it's in the poor execution - and that's an emotional and psychological issue.
 
Know thyself.
 
Sep 10, 2020
Avoid indecision in your behavior and don't join the crowd in theirs.
 
Sep 9, 2020
You can adjust your bet size based upon the probabilities that you discover from your backtesting.
 
Keeping your losses small is the hallmark of professional trading.
 
Sep 8, 2020
You can simulate a trading model across any asset class.
 
Make sure you test at the portfolio level, not one name at a time.
 
Two, add back in the instruments that have been delisted or that don't trade anymore in order to help offset survivorship bias.
 
Sep 7, 2020
Setting a goal of "I want to make $1 million in my trading," is very different that saying "I want to do the daily activities that will lead to my prosperity."
 
Make sure you goal is based upon your behavior, not the result of the behavior.
 
Behavior predicts where you end up in life.
 
Sep 4, 2020

Subscribe to the show

When you manage your time better, your life gets better - and so does your trading. 

Click here to get your free copy of The Inner Voice of Trading audiobook.

Sep 3, 2020
When you don't have a trading strategy or plan, any outside idea can look appealing.
 
Sep 2, 2020

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You have two portfolios that you're running at the same time: the risk you have and the risk you want. 

Click here to get your free copy of The Inner Voice of Trading audiobook.

Sep 1, 2020
Don't fall into buying pullbacks because you don't have a plan and the biggest feeling running through you is regret.
 
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