Trader Mindset How to train your mind to make more money
Apr 21, 2025
Discover powerful strategies to hold onto your winning trades and improve long-term profitability. Hear personal stories that reveal the emotional hurdles traders faced before modern technology. Learn how to leverage spreadsheets to track performance while mastering emotional discipline. This podcast emphasizes the importance of regulating emotions and making calculated decisions to steer clear of impulsive moves in the market.
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Early Trading Mindset Hack
- Michael Martin shares how he tricked his mind into holding winners longer by simulating holding trades using spreadsheets in the late 80s.
- He manually entered data to emotionally prepare for potential drawdowns and gains without internet or backtesting tools.
Avoid Trading Scared Money
- Avoid trading scared money because it impairs decision-making and leads to poor results.
- Focus on growing your capital intentionally, understanding that small wins may not move the needle significantly.
Trading Leverages Capital Not Time
- Michael calculated his past jobs' earnings to compare potential trading gains, aiming to leverage money instead of time.
- This shift from trading time for money to leveraging capital was crucial for his mindset.
