Trader Mindset

Subscribe to the show In this episode I recall how I got stopped on CSCO for a loss and why that was a great trade. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show If someone you know is bearish and they're not short, they're full of it and probably like to hear themselves talk. Do them a favor and call them on their nonsense. Ask them where their stop orders to enter the market are. I find this happens with people who are looking for attention and trying to show you how smart they are. What a snooze. I don't care about opinions and theories. If this is something you're falling victim to, you can gauge your own level of self-deception by listing all the entries you have for your theories. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Selling short on valuation at historic highs is a quick way to lose a great deal of capital fast. Selling long on valuation is a quick way to incur staggering opportunity costs and missed opportunities. Don't try to be smart - focus on making money. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Buying a pullback works in raging bull markets until it doesn't work anymore. Is it a 2-stage pullback...or is it the end of the trend? You don't want to be buying when the trend reverses. Know what you're going to do beforehand. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show It's easy to get blinded by our success when we're in boom times like we're in now. If you get used to it, you can lose perspective and forget that sometimes what's around the corner is going to be more than just a short-term pullback. In this episode, Michael Martin remembers what happened during previous boom times in his career for context. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show You want to trade rules that are robust. That will give you a better chance of surviving when the markets inevitably change. Backtest your rules with a minimum of 10 years of historical data. Click here to get your free copy of The Inner Voice of Trading audiobook

Subscribe to the show I don't worry about trying to make realized gains each day. It's not my goal to reinvent myself each day - I want the market to do the work for me. Focus on process and the results will follow. Click here to get your free copy of The Inner Voice of Trading audiobook

Subscribe to the show Raise you hand if anyone from your clearing member has called you when you're in a protracted drawdown or are overtrading and they tell you to stop... Click here to get your free copy of The Inner Voice of Trading audiobook

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You can count on "the other guy" to do the wrong thing most of the time.

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