Are there any more dreaded words in the minds of some traders than “market makers”?!?! Who knows, perhaps you now have goose bumps or the hair on your arms is standing straight up! If you are one of these people who believe it is very important to pay attention to “market makers” and their games, let’s take a step back and do some thinking. While I can understand your concern and focus on market makers, please… STOP IT. All the talk and drama around market makers is totally overblown and in all actuality, makes very little sense. I can prove this to you by asking you a simple question. In considering the question and its implications, I hope to be able to calm your nerves so that you can begin to focus on the aspects of trading that are way more important. Let’s get to it!
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Fighting Anxiety and Tilt... | STR 537
Anxiety and “Tilt”. Perhaps those two words cause goosebumps and/or for the hair to raise up on the back of your neck! I’m with you! In the world of trading these are two very common and powerful pitfalls that we must learn how to navigate. I recently had a couple of traders ask me how I fight against each of those. This is a very thoughtful question and comes from a place of someone being self aware and truly wanting to improve as a trader. I certainly can’t proclaim to have all the answers, but I have been around long enough and worked with enough traders to see some common themes and occurrences. Let’s talk about it and try and kick anxiety and the feeling of “tilt” to the curb.
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Day Trader Geography (Be Aware!) | STR 536
I recently came across an article on CNBC that sparked a topic that doesn’t get talked about enough. Perhaps you are well aware of day trader geography, but oftentimes it’s one of those concepts that hides in plain sight. The best way to find success as a day trader (or really any kind of trader/investor for that matter) is to ensure your expectations are aligned as closely as possible with reality. A key component in this task of aligning expectations and reality is understanding day trader geography. I suppose this concept could lead you to taking drastic measures, but it doesn’t necessarily have to. I simply want to challenge you to stay realistic with your expectations as a trader. Let’s get to it!
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Calendar Critical Thinking... | STR 535
“Today” (the day I recorded this episode) I was reminded of how I need to do a better job of deploying my critical thinking skills around the economic calendar. Thankfully the trade I was in turned out really well, but wow, the opposite could have just as easily been true. I know I’ve talked about the economic calendar before on the podcast; however, the lesson I was reminded of “today” is certainly one worth offering up to you as a reminder. Hopefully none of this is coming across as overly dramatic as that’s not my intent. None of this is rocket science, but it does require a bit of thinking on our parts. Let me walk you through this experience and what it can teach/remind us of as active traders in the market.
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A Basic Way to Get Better...| STR 533
My YouTube live streams continue to deliver these podcast episode ideas! This past week I had a few interactions that, once again, reminded me of how some people could better themselves as a trader by doing one simple thing. To be fair, I suppose it is not the simplest thing to do, but again, to be fair, it’s also not in the realm of reasonableness to say this thing is impossible to do. I admit I probably get more frustrated than I should when I encounter these situations, but I can’t stand watching someone make their life harder than it needs to be. I don’t think I’ll be saying anything ground breaking in this episode, but I do think some people (including myself at times) underestimate the far reaching issues. Let’s talk about it!
Let's talk all things trading! No hype. No nonsense. Just a brutal look at the world of trading and what it takes to find success. Hear the ups and downs of trader's journey and the realistic side of what it takes to find consistency and profit.
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