Info

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.
RSS Feed Subscribe in Apple Podcasts
The Michael Martin Show
2024
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: January, 2021
Jan 29, 2021
You will also hit your trading goals faster if you know what you're doing it for.
 
Having personal goals outside of your trading goals will help you get the best of both worlds.
 
Jan 28, 2021
If you are having trouble letting go of the emotional need (it's not financial) of letting go of price targets, you might consider thinking in terms of "price ranges" as you segue to not having any price targets and letting the market tell you when the move is over.
Jan 27, 2021
There are no intellectuals solutions to your emotional problems around managing risk.
 
Jan 26, 2021
Just because a name moved 35%, for example, doesn't mean you've missed the move.
 
Oftentimes they can continue to move many multiples beyond that - like 10x-type moves.
 
Don't let relative price movements stop you from making smart financial decisions.
 
Hint: they might not feel good when you make them.
 
Jan 25, 2021
How do you make money arguing with people on Twitter or Stocktwits?
 
Focus on the things that impact your P&L.
 
Jan 22, 2021
You are competing with yourself.
 
There's nothing else that matters.
 
There's no one else that matters.
 
Do what's best for you.
 
Jan 21, 2021
The goals you set for yourself outside of your trading can add AND detract from your trading success.
 
Be mindful of everything you do.
 
Jan 20, 2021
It might take a few months to figure out what the best process for you to follow actually is.
 
Jan 19, 2021
Traders trade. That's it.
 
There isn't anything that you need to beef up your credibility.
 
Just start managing the risk.
 
What you learn from the doing will provide you with all you need.
 
Jan 18, 2021
The investment advisor world does not typically train individuals to make their clients money.
 
Naturally, learning how to read charts is something they have to endeavor on their own.
 
Here's one way to begin to understand what's going on behind the OHLC bars or candles.
 
Jan 15, 2021
There seems to be a natural order of things that risk managers need to endure to find their game.
 
Those include security selection, position sizing, entries, and exits.
 
For most, this is time consuming - and that can be frustrating in and of itself.
 
I have found that there is one overarching thing that can help expedite the process.
 
On some level it has nothing to do with trading, but on another, it has everything to do with trading.
 
Jan 14, 2021
If you take profits, delete the name from your screen.
 
These aren't lovers - you can't fall in love with former flames.
 
The last thing you want to do is start looking at 5-minute bars after exiting a winner.
 
Jan 13, 2021
Adjusting your stops to take profits is an art and science and it ties directly into your tolerance for risk.
 
How much of your current unrealized gains are you willing to risk in order to stay in a trending instrument?
 
This topic is at the top of the list in trading psychology.
 
Jan 12, 2021
It might not be great for your personal relationships, but there might be a benefit to keeping your risk on a 2-inch leash.
 
Jan 11, 2021
It's wise to adjust your stops several times per day if necessary.
 
Jan 8, 2021
Mastery is achieved over time.
 
The most important thing is to know yourself - which is a never-ending assignment.
 
Jan 7, 2021
Determining what consistency means to you and for you based on what you have to live through and perform.
 
Jan 6, 2021
One way to understand the difference between creating gains versus creating alpha is the time frame.
 
And creating net gains over time and benchmarking them versus the S&P requires one thing from you in terms of behavior.
 
Jan 5, 2021
You'll never be as emotionally connected to someone else's work as you will your own.
 
Do you own homework - it gives you ownership and better connects you to hitting your goals.
 
Jan 4, 2021
There are several levels of trust to consider and they all have to align.
 
1