Trader Mindset

The more frequently you trade, the worse it is.

Peter Borish joins Michael Martin for his weekly visit.

Peter Borish joins Michael Martin for his weekly visit. 

Any group of unsophisticated investors or traders who are committing real capital can push the markets around based upon what they're reading in social media. You have to respect their collective power.

My job is still to protect capital despite or regardless who I trade against. A group of pikers acting in concert can run me over despite my methodology and 3 decades of experience.

Any group of unsophisticated investors or traders who are committing real capital can push the markets around based upon what they're reading in social media. You have to respect their collective power. 

My job is still to protect capital despite or regardless who I trade against. A group of pikers acting in concert can run me over despite my methodology and 3 decades of experience. 

Glaring at the screen isn't going to generate trade ideas. Volatility does not mean opportunity. Your trading plan has to be set before you take action.

Glaring at the screen isn't going to generate trade ideas. Volatility does not mean opportunity. Your trading plan has to be set before you take action. 

Risk a fraction of what you're normally risking per trade. You will need to learn how the new component or strategy will work in concert with your existing rules.

Risk a fraction of what you're normally risking per trade. You will need to learn how the new component or strategy will work in concert with your existing rules. 

Have a wish list and be prepared when things go on sale