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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: March, 2021
Mar 30, 2021
You should take a week off and study market history.
 
The names change, but human behavior does not.
 
"You can observe a lot by watching." - Yogi Berra
 
Mar 29, 2021
Know your history - it can help you model your risk parameters and help you with your #1 job - play superior defense.
 
Mar 24, 2021
Bob and weave, pivot, and then do some judo.
 
Mar 23, 2021
Don't fall in love with one instrument - you'll end up trying to find trades that aren't there. 
 
A robust trading system that you can deploy across an asset class is the better way to go. 
 
Mar 22, 2021
Don't fall in love with one instrument - you'll end up trying to find trades that aren't there.
 
A robust trading system that you can deploy across an asset class is the better way to go.
 
Mar 19, 2021
Study your own behavior for best results.
 
Too many outside voices and opinions can make you more confused than you already might be on your own.
 
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.
 
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