Trader Mindset What I would do if I had to start over
Apr 14, 2025
The speaker shares a transformative journey from small account trading to professional success. They delve into the emotional aspects of trading, emphasizing the need to align personal goals with strategies. Reflections on overcoming adversity reveal the impact of a challenging upbringing, while anecdotes highlight the importance of a strong work ethic. The discussion underscores patience and risk management as keys to navigating volatile markets, offering beginners essential insights for building their trading foundation.
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Start Small with Sleepy Contracts
- Start trading with the "sleepiest" contract that has low volatility and slow movement.
- This approach helps build equity and confidence without risking big losses early on.
Trade Like a Business Owner
- Treat trading as a business to own, not just manage; focus on long-term growth over quick trades.
- Use stop orders to manage risk and avoid impulsive actions while trading.
Rural Upbringing Built Grit
- Michael Martin shares his rural childhood experience in Putnam County, NY with a tough, hardworking environment.
- This upbringing instilled grit and a hustler's mindset shaping his work and trading ethos.