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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
Jul 19, 2021
Trading is about expected values.
 
The determining factor in establishing those values is the placement of your stops - your stops to enter trades, exit losers, and to exit winners.
 
If you wing any part of these, the expected value of your trading goes out the window.
 
At that point, you are putting your whole enterprise up for a gamble.
 
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