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Moh, a US stock day trader spent years trying to find what works for him…

He’d scan the markets, find active stocks to trade, but was always hovering at breakeven for months at a time.

His technicals were on point, but there was something missing.

Unfazed, he started to build a playbook of all his trades, logging everything he could.

That work paid off. Because Moh uncovered a common theme present in all his good trades, and so, he immediately added a new filter into his screening process.

Once that new filter was implemented he put his foot on the gas…

Now, Moh has turned the corner, breaking personal records for trade P&L, winning streaks and equity curve highs.

Even if you don’t trade stocks, this is a great conversation with a determined trader who would not give up looking for his edge.

Tradersmastermind.com

Ed is a tape reader, looking for short-term momentum shifts to scalp between 3-5 pts on the S&P 500.

A trader for 6 years he’s now profitable and focusing on sizing up his operation.

In this episode, we talked about his strategy, tape reading, mindset, risk, strategies for scaling up and more.

A great conversation with a great guy.

If you’re a day trader you’ll love it…

It happens to us all…

A string of losing trades that make you look worse than a random coin flip.

And that stings…

Underperforming a coin doesn’t bode well!

But, it WILL happen and it’s normal.

There are times when every single trade you take will be a loser, and it leaves you wondering how that is even possible?!

There’s a key to this, let’s explore.

In this episode I talk about grading your trades.

Separating your trading setups and strategies into segments gives you a new dimension of flexibility in your trading.

You can:

1) Deploy a more informed dynamic position sizing strategy

2) Stay clear of weaker trade ideas in poor conditions

3) Better allocate focus and screen time

4) Become more confident in your ideas and strategy library

So how do you do it?

Listen to find out my thoughts.

In this episode, I talk about how you can use visualization to improve your trading.

Visualization has been around for decades in the sports world.

From Muhammad Ali to Tiger Woods, athletes have been using it to consistently improve performance for years.

So why not use it in your trading?

• Eliminate rule-breaking behaviour in the heat of the moment
• Imagine the goal of the trader you want to become
• Mentally rehearse specific trading plays and scenarios

Resources :

https://www.psychologytoday.com/gb/blog/flourish/200912/seeing-is-believing-the-power-visualization

In this episode Gregor and I discuss the challenges he needed to overcome to post his first ever green year as a day trader.

Including:

• Why he chooses to day trade the DAX exclusively
• Not trading the open
• Gregor’s golden Friday rule
• Hacks to fix his trading discipline
• Gregor’s favourite trading setup
• Charts and indicators
• Oh and an expensive trip to the toilet…!

If you’ve been trading for a while and aren’t quite where you want to be yet, then this one’s a must listen.

Negative self talk.

As traders, we can be really tough on ourselves.

We are driven, we want to succeed, and know we have it in us.

But sometimes when we make a trading mistake, our self talk can be so negative that it damages any chance to learn or grow.

Perhaps you need to be more disciplined and yes it is very frustrating that sometimes you can't stick to your trading rules.

But harsh negative self talk isn't the answer. (You know this, because you've tried it!)

Be firm, be driven, but learn to accept we are humans, we make mistakes and the goal is not to remove them but reduce and learn from them.

In this episode, I run through a multi-step process for flipping negative self talk.

Perfect for traders who are dancing that fine line between being driven and forgiving of mistakes.

Link of the Harvard study mentioned:

Identifying Negative Automatic Thought Patterns

Adam Linton is the Head of the European desk at Newsquawk. An audio squawk service that keeps you updated on potential market moving news events. Both scheduled and unscheduled. Used by prop firms, funds and retail traders across the world.

In this episode I asked Adam:

• How he decides what breaking news is a tradable opportunity throughout the day.
• What news should a short term trader be focusing on.
• How social media plays a role in breaking news.
• What's the 'holy grail' of breaking news opportunities for a day trader
• and much more!

Check out this interesting conversation.

As traders we can all feel uncomfortable at times, and that's not a bad thing.

But when does discomfort turn to stress which no longer serves us?

In this podcast I talk about using your discomfort as a guide.

"The point where you feel discomfort in your trade is the exact area you need to do more work on."

Hip has been trading for more than a decade. He focuses on YM and CL (Dow and Crude) futures contracts reading tape to fine tune his entries.

In this episode we talk about Hip's daily trade prep, some of his trading setups, what he looks for on the order book and why he only trades two markets.

A cyclist decided to chase me down and confront me for beeping at him. His chimp was in total charge... Hear what happened and how it's a great trading lesson!

In this episode Mark chats with Peter Daniel. Peter has been trading for 8 years and specialises in identifying multi day/week volatility breakout moves across a basket of 30 currency pairs.

• See what Peter thinks holds new traders back.
• His favourite trading setup
• The trick he used to help him hold trades longer
• Why he likes to move stops to break even
• How to build trader confidence

See more of Peter at www.tradersmastermind.com

Trading is tough, doing the right thing in the heat of the moment is not easy. It's a muscle, a habit that needs to be practised.

Build the muscle outside of trading by picking something tough and doing it for 10 days.

Train your mind to overcome impulse and align your actions with your long term vision.

Are you bullish or bearish?

A buyer or seller here?

Something’s going to happen right?

Not always…The third trade idea is doing nothing.

Sitting on your hands until the right opportunity comes along.

Instead of battling it out in the noise, getting stopped and frustrated you can let the crowd fight around in the chop.

You just wait for the price to resolve and take the high-probability trade…

If you hate getting sucked into chop and slop then this episode is for you.

How much time are you spending studying? Studying your market, your setup and your performance?

Are you going deep in your analysis or are you going wide?

Sometimes to get what we want, we have to take a bit of a detour. We might not even like where that detour takes us... But with our eyes on the bigger goal we can accept going off course in the short term.

Golf (or so I'm told) is a lot like trading, the game is won and lost in the details. One shot can make or break your game. The mental side plays a huge role and the game is won or lost on the putting green or driving range NOT on the course...

“Just stick to the process”

“Don’t deviate from the plan”

“Stick to your rules”

But is it really that simple? Can we really just stick to the process?

Al Brooks is a 35 year day trading veteran specialising in price action. Al joined us as a special guest in our weekly members call to talk about his life as a trader, his method, approach to risk and some of his favourite trade setups. A must listen!

Trading on tilt is a trader's nemesis. It must be avoided at all costs! There's simply no use in working on the operational side of trading if you have a habit of occasionally going on tilt and throwing it all away.

Identify your tilt trigger, implement rules to prevent it, and work on it relentlessly.

Our instinct as traders is to look for the answer to a challenge by adding something. An indicator, a line or a rule.

Often the answer is in removal, stripping back to almost nothing. Getting crucial momentum with easy wins before tackling the real challenge.

Watch your biases! Criminal or athlete?!

Changing how you feel and react to market moves & trades takes time. We might want to 'fix' our propensity to break the rules and go on tilt immediately. This can cause us massive frustration when we don't.

"Why can't i stick to my trading rules?"

"Why do I seem unable to control my impulse to trade?"

Know that it takes time, just like conditioning your body to the cold. The first few times you do it, you can't control your response, but over time you can teach yourself how to respond.

Decide now how you will view the market. What will separate you from every other trader looking at the same chart pattern?

How will you carve out your own unique edge?

1st Quarter, done.

How was it for you?

Are you progressing or making the same mistakes you did this time last year?

Maybe now is the time to take charge, plan ahead and get yourself in the right mindset to make the next quarter a real growth period.

Let’s explore.

If you've been trading for more than two years and you aren't where you want to be, then maybe it's time for a big change…

Trading quotes from great traders aren't just something to smile and nod at! A great succinct quote should make you stop, think and consider how you can implement that wisdom into your own trading. Here are a few I think are valuable.

It's good to read books about great traders and market wizards. But sometimes studying traders who are just a few steps ahead of you can have more impact.

Here's what I've observed whilst watching newly profitable traders turn the corner.

Intuition or feel is the glue that hold together strategy, risk management, and discipline. But can you learn it?

What's your £1,000,000 trade? One bullet, £100k, 10R... what trade would you take?

"You are the average of the 5 people you spend the most time with" goes the saying. So how do you create a powerful trading team?

How confident are you when you take a trade? How certain are you to pull the trigger? How decisive are you in taking a stop?

Trading can feel a bit out of control, and that's ok. It's never going to be perfect, control what you can and be at peace with the rest.

Are you persistent, or are you what Albert Einstein would call insane?!

Are you adapting your trading, or is that just a nice way of saying you are breaking your rules?!

5 Simple habits, hacks, tips, tricks or whatever you want to call them!… for improving your trading.

All easy to do, super quick to implement yet very powerful.

Check out the episode.

As a trader should you specialise in one market or trade many?

www.tradersmastermind.com

Anticipating vs reacting. Think of how many sports where players seemingly 'know' where the ball will be. They aren't reacting to the ball, they are anticipating and making minor adjustments.

Trading is a lot like this, reacting to market moves will forever have you chasing your tail. Anticipating, allows you to structure a trade idea, execute calmly and build confidence.

Why the emotion vs decision speed line is so important as a trader.

Happy New Year. What are you pushing to achieve in 2022?

https://www.tradersmastermind.com/

"Surround yourself with those on the same mission as you"

Finding that perfect flow state is key to successful trading.

But that's not always easy to achieve.

So perhaps the first step is just to relax a bit, even just 10% more relaxed.

Drop the shoulders and take a breath. Relax into the trade and let the intuition flourish.

Trading tests you when you least expect it. But it's often disguised as a meaningless decision and goes unnoticed.

Spot the test.

Pass the test.

Do you have a space to go to with no noise, no distractions and just somewhere you can think?

Find one! Because it will help your trading massively...

https://www.tradersmastermind.com/

As traders we can fall into the trap of driving our trading business by looking down the bonnet (hood for my American friends!)

This might stop you from crashing, but are you really going to get to where to want to go if you don't look up?

Can you copy other traders or do you need to create your own edge?

I think we humans are hard-wired to negativity

• What’s going wrong?
• What doesn’t work?

Focusing on just the bad and not the good.

Trading is no different….

Maybe your equity curve is not where you want it to be yet, but just look at how you’ve improved… Look at the good points.

Then use that optimism as fuel…

Weaponise your word. Doing what you say you are going to do can be a superpower in both trading and life...

Does your trading style really fit your personality? If not, change it. Find something that plays to your character strengths.

Aligning yourself with market conditions is one of the most essential skills for a trader. I run through some of the key questions to ask before you place your first trade of the day.

Download your checklist [PDF]

https://www.tradersmastermind.com/pre-market-checklist/