Trader Mindset

Michael Martin
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Sep 2, 2021 • 12min

Kill losses fast - don't make it worse by adding to losers

Subscribe to the show You can lose money from bad luck, bad timing, and bad analysis. However you start losing money, get out instead of adding more. You won't get out at a lower break-even price. You know it and I know it. Click here to get your free copy of The Inner Voice of Trading audiobook.
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Sep 1, 2021 • 11min

How backtesting can help you grow emotionally

Subscribe to the show Backtesting is forced objectivity and it can help you stop deluding yourself. Click here to get your free copy of The Inner Voice of Trading audiobook.
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Aug 31, 2021 • 8min

How hubris can talk you into bad trades

Subscribe to the show Winning and losing streaks will happen perhaps from skill, but mostly from randomness. Don't become too emotionally invested in either. Take them in stride. Click here to get your free copy of The Inner Voice of Trading audiobook.
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Aug 30, 2021 • 11min

Revenge trading - when you expect too much from random data

Subscribe to the show Your goal is to trade your model, not worry about the outcome of any one trade. Traders live in a probabilistic world, not a deterministic one. Click here to get your free copy of The Inner Voice of Trading audiobook.
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Aug 27, 2021 • 7min

Beliefs, Proofs, Faith, and Knowledge

Subscribe to the show We get paid to execute. Everything else is self-medication. Click here to get your free copy of The Inner Voice of Trading audiobook.
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Aug 26, 2021 • 6min

Where bias shows up in your trading

Subscribe to the show Hint: it's everywhere. Click here to get your free copy of The Inner Voice of Trading audiobook.
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Aug 25, 2021 • 9min

Trader education is not hierarchical

Subscribe to the show You need to learn the tactics and most importantly learn about yourself. Those two processes accelerate and decelerate at two different speeds and you'll need to make adjustments between the two as the wisdom comes to you. Click here to get your free copy of The Inner Voice of Trading audiobook.
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Aug 24, 2021 • 8min

You don't know, but your protective stops do

Subscribe to the show There are too many reasons why a trade doesn't work out. Your protective stops will catch all of them, despite your inability to know them all. Click here to get your free copy of The Inner Voice of Trading audiobook.
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Aug 23, 2021 • 6min

Conditions will never be perfect

Subscribe to the show How to trade: 1) Add risk to your portfolio 2) Enter protective Stop Order 3) Don't watch the trade - go do something else Click here to get your free copy of The Inner Voice of Trading audiobook.
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Aug 20, 2021 • 4min

Review and reflect on your goals if your performance isn't there

Subscribe to the show If you're missing trades, maybe you aren't as emotionally attached to your goals as you should be... Click here to get your free copy of The Inner Voice of Trading audiobook.

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