Trader Mindset

Getting over the weirdness of adding to winners


Listen Later

Most rookies are looking to take profits when the have a winning trade. Professionals look to continue riding the trend for all it's worth. As I've said here before, inexperienced traders need the boost to their self-esteem by posting smaller wins to validate their behavior as traders. Small or not, a win is a win and that's what's important to them. We advocate something that takes a little more evolution.

I have found in almost 30 years of teaching that a trader's unwillingness to add to winners is more of an uncomfortable, emotional problem than it is to understand the math involved.

Like any behavior, it takes some getting used to, but if you do it enough times, you can make it a good habit and replace the bad habit of having price targets.

...more
View all episodesView all episodes
Download on the App Store

Trader MindsetBy Michael Martin

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

111 ratings


More shows like Trader Mindset

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

229,664 Listeners

REAL AF with Andy Frisella by Andy Frisella

REAL AF with Andy Frisella

32,869 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,167 Listeners

B The Trader by Alex B

B The Trader

360 Listeners

The TraderLion Podcast by TraderLion

The TraderLion Podcast

42 Listeners