Trader Mindset
Michael Martin
Michael Martin discusses trader psychology and emotional intelligence.
Episodes
Mentioned books
Nov 5, 2020 • 6min
The best time to get new clients
Subscribe to the show The time is now. Click here to get your free copy of The Inner Voice of Trading audiobook.
Nov 4, 2020 • 7min
How to play defense when the markets are highly correlated
Subscribe to the show When the instruments in your portfolio are highly correlated you can make bank. When they reverse, they will do so at the same time and you will get hit for an outsized loss. Click here to get your free copy of The Inner Voice of Trading audiobook.
Nov 3, 2020 • 6min
The difference between adding to a winner and chasing the market
Subscribe to the show Chasing the market is a person's inability to deal with regret. Adding to winners is a process where you have a set of rules to add risk when it makes sense. Click here to get your free copy of The Inner Voice of Trading audiobook.
Nov 2, 2020 • 13min
When the rest of the world sees things differently than you
Subscribe to the show When you don't have massive amounts of data on your trading, you don't know the probabilities of winning and losing. If that's the case, the trades you put on are nothing more than a gamble. Be careful not to place large bets on anything - earnings, Phase III clinical trials, or elections - your feelings are not facts. Click here to get your free copy of The Inner Voice of Trading audiobook.
Oct 30, 2020 • 8min
Set a goal around a process not the result of the process
Subscribe to the show Set your goals around processes that you can replicate day after day. Setting a goal around an object is passionless and not inspiring. It's your behavior that predicts where you end up in life. Click here to get your free copy of The Inner Voice of Trading audiobook.
Oct 29, 2020 • 11min
The best way to handle surprise announcements
Subscribe to the show Another good reason to have orders to add or remove risk - surprise announcements. Click here to get your free copy of The Inner Voice of Trading audiobook.
Oct 28, 2020 • 10min
One way to take surprise outsized gains
Subscribe to the show Sometimes markets jump for unexpected reasons. You can have an order sitting above the market to liquidate your position if the market goes parabolic. Click here to get your free copy of The Inner Voice of Trading audiobook.
Oct 27, 2020 • 10min
Why charts aren't maps
Subscribe to the show Looking at the chart is just the beginning. It's not the map you think it is. Click here to get your free copy of The Inner Voice of Trading audiobook.
Oct 26, 2020 • 12min
How to sidestep outsized losses and capture extraordinary gains
Subscribe to the show From time to time, names you're watching will move sharply before you have a chance to add risk. That means missed opportunities. Names that you're already in will move against you - also before you have a chance to act and keep your losses small. Then you're stunned and frozen and you begin the process of negotiating with yourself. Either way, you're losing and there's not much to say about it despite your reasoning. If either of these scenarios sounds familiar, you can use Stop orders accordingly to hedge against such moves. Click here to get your free copy of The Inner Voice of Trading audiobook.
Oct 23, 2020 • 9min
Anticipate the feelings you don't want to feel tomorrow and act accordingly today
Subscribe to the show Frustration is the appetizer to a meal called despondency. If you are unwilling to feel the feeling of frustration regularly, you invite stronger feelings in the future. Use regret to help you make better decisions today. If you want to be a professional PM or trader, losses are a part of the business. Click here to get your free copy of The Inner Voice of Trading audiobook.
