Trader Mindset

Subscribe to the show Sometimes markets jump for unexpected reasons. You can have an order sitting above the market to liquidate your position if the market goes parabolic. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Looking at the chart is just the beginning. It's not the map you think it is. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show From time to time, names you're watching will move sharply before you have a chance to add risk. That means missed opportunities. Names that you're already in will move against you - also before you have a chance to act and keep your losses small. Then you're stunned and frozen and you begin the process of negotiating with yourself. Either way, you're losing and there's not much to say about it despite your reasoning. If either of these scenarios sounds familiar, you can use Stop orders accordingly to hedge against such moves. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Frustration is the appetizer to a meal called despondency. If you are unwilling to feel the feeling of frustration regularly, you invite stronger feelings in the future. Use regret to help you make better decisions today. If you want to be a professional PM or trader, losses are a part of the business. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When bad news hits the tape and the stock doesn't sell off, you have a good long trade with more room to go. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show They are related but not the same by any measurement. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show From time to time, you might find an equity that traders and investors are betting against, but they prove all the naysayers wrong. If that stock has high % short interest, and it starts to trend higher, you have the potential to penalize the naysayers who will all have to pay you to cover. Look for high short interest and uptrends. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Great traders are using technical analysis to protect their capital which is job #1. If you know your risk, the entries are not that important. Most amateurs focus on the wrong things for several reasons. They don't have solid goals, they are too short-sighted, and they are not friends with their feelings. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show When you're doing well, ask for more money to manage. Ask for a free Bloomberg. Ask for forgiveness of desk rent or fees. Ask for a higher payout on your trading profits. If you don't ask, they own you. If you don't ask, it's knot going to just show up. You have to ask for it. Make your case and have confidence in yourself. Click here to get your free copy of The Inner Voice of Trading audiobook.

Subscribe to the show Bet size determines what you make and lose. How did you come to decide your current bet size? You probably guessed and just chose one. You can use Kelly Criterion to figure out the best size after hundreds / thousands of trades. Click here to get your free copy of The Inner Voice of Trading audiobook.