You must determine the point where you are going to exit your trade before you enter. Sometimes the more complex your strategy the more you can rationalize not doing that in your head. You can also rationalize that when you are trading well and it doesn’t seem important at the moment...but it IS!

Today I talk about being stuck in a loser at the dentist, how to trade (or not) while moving, and what a good friend reminded me about the freedom and your work.

I talk about how I learned a very painful lesson this week about what happens when you’re not independent in your thinking.

This is a longer than normal episode where I take questions from members of the Edge Trading Group. It’s fairly wide ranging.

It’s important to focus on what actually makes you money. It’s very easy to bleed your day away pursuing intellectual macro discussions that won’t give you an edge. Take the time to do the most important stuff first.

I’m using the inner balance Heartmath device get into a focused state. Practicing that way has made it easier to replicate that state during my day.

What makes the most impact for you? Zero in on that. Develop a process to support that.

You can’t get to the next level until you stop getting beat up doing marginal trades. Focus on your core strategy.

Today we got an example of what can happen in the market when a lot of people are short. Be aware if you’re in a battleground asset.

I talk on how more research can make you less flexible without increasing your odds of success. Instead of working harder you may need to work differently.