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Mark Randall, Co-host of AlphaMind Podcast, reflects on vital lessons for traders in 2024. Topics include optimizing well-being, smart trading strategies, risk aversion, learning from experienced traders, resilience and mental state in trading, and the importance of finding true mentors and Mark Randall's coaching.
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Quick takeaways
- Invest in ongoing learning and development as a trader, focusing on the journey of a trade and paying attention to exit strategies.
- Embrace uncertainty in trading and focus on managing risk instead of obsessing over being right, as it leads to greater learning and improvement in the long run.
Deep dives
Invest in Yourself as a Trader
As a trader, it is important to invest in yourself and continuously seek ways to improve. Great traders are made, not born, and even the most experienced traders recognize the value of ongoing learning and development. Focus on the journey of a trade, not just the entry point, and pay attention to your exit strategy. Taking care of your physiological state, managing risk, and being open to vulnerability and asking for help are all essential aspects of becoming a better trader. Never stop learning and seek out mentors and coaches who can guide you in your trading journey.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode