Traders Mastermind

In a recent episode I spoke to veteran trader Al Brooks.

Al shared a lot of trading wisdom, but one thing in particular stood out, and resonated with a lot of traders.

The art of marking up your charts after the trading day.

In this episode, I discuss practical ways to add this tactic into your current trading regime.

In this episode I share my top ten trading books that I consider a MUST read for anyone serious about their trading. You!

Some strategy, some psychology and some just good old fashioned stories of traders swashbuckling their way through the financial markets.

1. Hedge Fund Market Wizards
2. Reminiscences of a Stock Operator
3. Come Into My Trading Room
4. Pitbull
5. The Playbook
6.  Bulletproof Trader
7. Inside The House of Money
8. Trading To Win
9. Studies in Tape Reading
10. The Man Who Solved The Market

It goes without saying that preserving financial capital and mental capital is crucial for trading success.

Combine those with drive and a strong work ethic and you've got a recipe for success, right?

Not always...

In this episode, I discuss the importance of clarity in your goals, short-term direction and the power of subtle course corrections along the way.

In this episode I talk about grading your trades.

Separating your trading setups and strategies into segments gives you a new dimension of flexibility in your trading.

You can:

1) Deploy a more informed dynamic position sizing strategy

2) Stay clear of weaker trade ideas in poor conditions

3) Better allocate focus and screen time

4) Become more confident in your ideas and strategy library

So how do you do it?

Listen to find out my thoughts.

In this episode, I talk about how you can use visualization to improve your trading.

Visualization has been around for decades in the sports world.

From Muhammad Ali to Tiger Woods, athletes have been using it to consistently improve performance for years.

So why not use it in your trading?

• Eliminate rule-breaking behaviour in the heat of the moment
• Imagine the goal of the trader you want to become
• Mentally rehearse specific trading plays and scenarios

Resources :

https://www.psychologytoday.com/gb/blog/flourish/200912/seeing-is-believing-the-power-visualization

In this episode Gregor and I discuss the challenges he needed to overcome to post his first ever green year as a day trader.

Including:

• Why he chooses to day trade the DAX exclusively
• Not trading the open
• Gregor’s golden Friday rule
• Hacks to fix his trading discipline
• Gregor’s favourite trading setup
• Charts and indicators
• Oh and an expensive trip to the toilet…!

If you’ve been trading for a while and aren’t quite where you want to be yet, then this one’s a must listen.

Negative self talk.

As traders, we can be really tough on ourselves.

We are driven, we want to succeed, and know we have it in us.

But sometimes when we make a trading mistake, our self talk can be so negative that it damages any chance to learn or grow.

Perhaps you need to be more disciplined and yes it is very frustrating that sometimes you can't stick to your trading rules.

But harsh negative self talk isn't the answer. (You know this, because you've tried it!)

Be firm, be driven, but learn to accept we are humans, we make mistakes and the goal is not to remove them but reduce and learn from them.

In this episode, I run through a multi-step process for flipping negative self talk.

Perfect for traders who are dancing that fine line between being driven and forgiving of mistakes.

Link of the Harvard study mentioned:

Identifying Negative Automatic Thought Patterns

Adam Linton is the Head of the European desk at Newsquawk. An audio squawk service that keeps you updated on potential market moving news events. Both scheduled and unscheduled. Used by prop firms, funds and retail traders across the world.

In this episode I asked Adam:

• How he decides what breaking news is a tradable opportunity throughout the day.
• What news should a short term trader be focusing on.
• How social media plays a role in breaking news.
• What's the 'holy grail' of breaking news opportunities for a day trader
• and much more!

Check out this interesting conversation.

As traders we can all feel uncomfortable at times, and that's not a bad thing.

But when does discomfort turn to stress which no longer serves us?

In this podcast I talk about using your discomfort as a guide.

"The point where you feel discomfort in your trade is the exact area you need to do more work on."

Hip has been trading for more than a decade. He focuses on YM and CL (Dow and Crude) futures contracts reading tape to fine tune his entries.

In this episode we talk about Hip's daily trade prep, some of his trading setups, what he looks for on the order book and why he only trades two markets.