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  • Backtesting Made Me a Calm and Consistent Trader and Improved My Strategy

    Backtesting Made Me a Calm and Consistent Trader and Improved My Strategy
    2025/12/19
    Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download —------------------------------------In this episode of Market Mamas, futures day trader and host Becky Gaskell dives into the highly valuable, yet often postponed, practice of backtesting. After being encouraged by her mentor, Becky shares the powerful lessons she was reminded of from dedicated backtesting sessions, emphasizing how this "back-end work" is crucial for fine-tuning a trading system, strengthening pattern recognition, and reducing emotional, discretionary energy in live trading.👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 BluSky Trading: Get Funded NOW. Quickest path to brokerage, daily pay-outs, and customer service that actually helps. This is my preferred futures prop firm, period. https://blusky.pro/?ref=mmamas👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg Check it out and receive a $50 off coupon just by looking at their informative PDF!Key Takeaways:Low-Pressure Data Collection: Backtesting removes the psychological pressure of live trading, enabling clear focus on gathering data and seeing setups without risk.System Refinement: Use backtesting data to fine-tune entry criteria and systematize your trade plan for greater consistency.Two Approaches: Backtest by either purely observing/note-taking or by simulating trades to build muscle memory.Develop Patience: Backtesting teaches you to wait for high-probability setups that follow accumulation/distribution periods.Optimize Risk Management: It is essential for analyzing and correctly placing stop-loss orders based on your specific trading parameters.Episode Highlights and Timestamps:[00:00:00] - Introduction to the topic: Backtesting and its role in strengthening a trading system.[00:06:20] - The first major benefit: Backtesting eliminates the psychological pressure of live trading.[00:09:57] - Two different ways to approach backtesting: purely observing vs. simulating trades.[00:13:37] - The main goal of backtesting: Improving pattern recognition and becoming quicker at critical thinking.[00:16:20] - How backtesting data helps systematize your rules and reduce emotional trading.[00:19:10] - The importance of backtesting your specific trading time to maximize the refinement of your system.[00:21:45] - Closing remarks and an offer to share a live backtesting session in a future episode.🔗 More from Market Mamas:👉 Website: www.market-mamas.com👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/👉 Instagram: @mm_marketmamas👉 Facebook: Market Mamas Facebook👉 TikTok: Market Mamas on TikTok👉 Email: contactus@market-mamas.comFollow the Podcast:👉 Apple Podcast: Market Mamas Podcast👉 Spotify: Market Mamas on Spotify#Backtesting #DayTrading #FuturesTrading #TradingPsychology #MarketMamas #TradingSystem #PatternRecognition #TradeExecution #TradingStrategy #TraderTips
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    25 分
  • Trading Psychology for Aspiring Algos to Master First Principles & Stop Overfitting with Scott Allen

    Trading Psychology for Aspiring Algos to Master First Principles & Stop Overfitting with Scott Allen
    2025/12/12
    In this episode of the Market Mamas podcast, futures day trader and host Becky Gaskell welcomes Scott Allen, a seasoned algo and swing trader with a background in capital markets. Scott shares his journey from crypto bots and prop firm struggles to finding a resilient edge through emotional intelligence, a stoic approach, and a focus on the fundamental "first principles" that actually drive market movement.👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 BluSky Trading Company: https://blusky.pro?ref=mmamas This is my preferred futures prop firm for many reasons, including a variety of plan options, excellent customer service, daily payouts, and the quickest path to brokerage! 👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg Check it out and receive a $50 off coupon just by looking at their informative PDF!Key Topics:Mindset & Stoicism: Build resilience using emotional intelligence and Stoic principles (probabilistic thinking)."It's Only Money": If you can't say this after a loss, your position sizing is too heavy (trading too emotionally).Systemic Alpha: Stop chasing complexity; focus on fundamental market truths (e.g., prices trend) for a lasting edge.Momentum Pays: Momentum (aggression, absorption, acceptance) is the only thing that generates profit, not structure or volume.Algo Hard Road: Prop firm failures and overfitting forced a shift to simpler, robust, naked-chart strategies.Episode Highlights and Timestamps:[00:00:00] - Intro [00:04:13] - Scott's initial trading journey using crypto grid bots to "stack SATs" (accumulate Bitcoin) by capitalizing on volatility like a market maker. [00:08:40] - Scott's motivation for learning to beat the market after watching his mother lose her retirement savings twice, highlighting the S&P 500's 13-year "lost decade". [00:11:46] - The challenge of algo trading: failing prop firm challenges, learning about overfitting, and the market shakeup from the MetaTrader and prop firm shutdowns. [00:16:25] - The necessity of a healthy money mindset, the life-altering lesson that "it's only money", and the need to adjust position sizing if you cannot weather the losses. [00:18:34] - Applying stoic philosophy and the baseball analogy: world-class hitters miss 70% of the time, normalizing "swing and a miss" as part of the game of probabilities. [00:28:07] - The turning point of unlearning esoteric strategies and focusing on "first principles" and "finding truth" from reliable sources and academic papers.[00:39:40] - A paradoxical explanation of why Scott prefers algorithmic trading.[00:52:34] - The trading truth that fixed profit targets (fixed TPI) have the lowest expectancy.🔗 Follow Guest Scott Allen:👉 LinkedIn: https://www.linkedin.com/in/scottallen/👉 X: https://x.com/scottallen👉 Discord: https://discordapp.com/users/650584994929967135👉 Reddit: https://www.reddit.com/u/The-Goat-Trader🔗 More from Market Mamas: 👉 Website: www.market-mamas.com 👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/ 👉 Instagram: @mm_marketmamas 👉 Facebook: Market Mamas Facebook 👉 TikTok: Market Mamas on TikTok 👉 Email: contactus@market-mamas.com#TradingPsychology #Stoicism #AlgoTrading #FuturesTrading #MomentumTrading #MarketFirstPrinciples #MarketMamas #ScottAllen #DayTrader #PropTrader #Crypto #CryptoBots #FirstPrinciples
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    1 時間 3 分
  • The Challenge for Independent Traders to Push Through Setbacks and Find Profitability

    The Challenge for Independent Traders to Push Through Setbacks and Find Profitability
    2025/12/05
    Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download —------------------------------------In this episode of Market Mamas, join futures day trader and host Becky Gaskell as she celebrates the two-year anniversary of the Market Mamas Podcast! This episode reflects on the intense personal and psychological growth driven by day trading. Becky candidly discusses the non-linear path to profitability, the need to embrace mental resets, and the powerful human change that comes from the pursuit and evolution. 👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 BluSky Trading: Get Funded NOW. Quickest path to brokerage, daily pay-outs, and customer service that actually helps. This is my preferred futures prop firm, period. https://blusky.pro/?ref=mmamas👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg Check it out and receive a $50 off coupon just by looking at their informative PDF!Key Takeaways:Psychology of Trading: The pursuit of trading forces deep psychological change, making you a "better, stronger, more compassionate, humble, and aggressive person."Mindfulness Matters: A quick reminder about staying centered during intense trading sessions.The Non-Linear Path: Growth is not "perfect and linear" but is compounding and building nonetheless.Community Value: The appreciation for listeners who recognize the value of having a supportive community to discuss the realities of striving for profitability.Episode Highlights and Timestamps:[00:00:00] - Intro[00:01:36] - Podcast Anniversary: Celebrated two years, started in the "messy middle" of trading.[00:03:33] - Core Focus: Market Mamas is primarily a trader psychology podcast.[00:06:11] - Profitability: Profitable overall for two years, but not consistently month-over-month.[00:07:51] - Goal Reframing: Focus on improving skills and system, not just monthly dollar figures.[00:11:42] - New Role: Joined Blue Sky Trading Company for live streaming and psychology talks.[00:13:00] - Human Growth: Trading forced deep psychological work, leading to powerful personal change.🔗 More from Market Mamas:👉 Website: www.market-mamas.com👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/👉 Instagram: @mm_marketmamas👉 Facebook: Market Mamas Facebook👉 TikTok: Market Mamas on TikTok👉 Email: contactus@market-mamas.com#MarketMamas #TraderPsychology #DayTrading #MomTrader #TradingJourney #FuturesTrader #MindsetMatters #PropFirm #TraderLife #Podcasting #TradingPodcast
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    18 分
  • Trading Psychology for Retail Traders to Build Discipline using Bayesian Strategy with WiLL Young

    Trading Psychology for Retail Traders to Build Discipline using Bayesian Strategy with WiLL Young
    2025/11/28
    Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download In this episode of the Market Mamas podcast, futures day trader and host Becky Gaskell welcomes Will Young, a seasoned investor and long-term disciplined trader. Will shares his foundational philosophies for surviving and thriving across market cycles. The conversation centers on the psychological traps of trading - like the paralyzing fear of regret - and the strategic necessity of disciplined planning and preparedness. 👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 BluSky Trading: Get Funded NOW. Quickest path to brokerage, daily pay-outs, and customer service that actually helps. This is my preferred futures prop firm, period. https://blusky.pro?ref=mmamas👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg Check it out & receive a $50 off coupon just by looking at their informative PDF!Key Topics:Market Speed & Cycles: The rapid pace of modern technological shifts and how quickly market leadership and stock valuations can revert.The Discipline of Letting Go: The necessity of being agile and smart enough to quickly exit underperforming positions before losses escalate.The Long-Term Plan: Will Young's mandatory rule of having a written, shared plan covering 3, 6, 9, and 12 months to navigate inevitable market volatility.The Preparation Rule: The number one rule for success: always be prepared by actively trimming winning positions to build cash reserves for buying opportunities during downturns.Avoiding Regret (The Psychological Edge): How having cash prevents traders from making emotional decisions, such as selling losers under duress, which is the primary source of market regret.Episode Highlights and Timestamps:[00:00:00] – Intro[00:05:30] – Recommendation to use Bayesian probabilities (math over magic) to determine outcomes, and a strong caution against day trading options, which is likened to gambling.[00:08:56] – The challenge of political figures making market-moving statements to help friends, leading the speaker to keep more cash available for strategic entry points.[00:12:28] – The use of Sentiment Trader for high-probability, math-based trading decisions on indexes, emphasizing the goal of "pay the discipline tax today to get the freedom dividend in the future".[00:18:06] – The necessity of writing down thoughts to overcome the illusion of information adequacy bias and the commitment required to compete at the market's highest level.[00:27:59] – An extended analogy comparing the unpredictable nature of trading to surfing, emphasizing the need to be present, control one's own actions, and use stop losses as critical protections.[00:36:05] – The importance of taking a win and walking away after a windfall or loss to maintain peace of mind, and the practical strategy of making most trading decisions in the first 30 minutes of the day.[00:43:57] – The value of having cash available to take advantage of "unknown unknowns" - good stocks that fall cheaply after a bad event by doing homework ahead of time.🔗 Follow Guest WiLL Young:👉 Website: http://willryoung.com/👉 YouTube: https://www.youtube.com/@WiLLRYoung👉 Email: will@willryoung.com🔗 More from Market Mamas: 👉 Website: www.market-mamas.com 👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/ 👉 Instagram: @mm_marketmamas 👉 Facebook: Market Mamas Facebook 👉 TikTok: Market Mamas on TikTok 👉 Email: contactus@market-mamas.com#MarketMamasPodcast #TradingPsychology #DisciplinedTrading #LongTermInvesting #MarketMamas #FuturesTrader #TradingTips #TradeYourPlan #EventTrading
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    52 分
  • Leveraging Up for Ambitious Traders to Build Confidence and Grow Your Trading Business

    Leveraging Up for Ambitious Traders to Build Confidence and Grow Your Trading Business
    2025/11/21
    Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download—-----------------------------------In this episode of the Market Mamas Podcast, futures day trader and host Becky Gaskell breaks down why scaling size is less about the money and more about trusting a proven edge and treating trading like a professional business. Becky shares a four-step framework for increasing leverage responsibly and explains how every size increase is also a psychological test that builds confidence and hardiness. She also shares a recent personal story about how she “leveraged up” her own career by accepting a coaching role at the prop firm BluSky, and the imposter syndrome she had to push through.👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 BluSky Trading: Get Funded NOW. Quickest path to brokerage, daily pay-outs, and customer service that actually helps. This is my preferred futures prop firm, period. https://blusky.pro?ref=mmamas👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg Check it out and receive a $50 off coupon just by looking at their informative PDF!Key Takeaways:Why "leveraging up" is actually a moment of trusting your edge, not just increasing risk.The danger of premature scaling and how quickly an account can be wrecked if skill doesn't precede size.How to stabilize and normalize a new, higher position size before attempting to scale again.Why treating trading like a business - with a growth strategy - is essential for avoiding stagnation.Episode Highlights and Timestamps:[00:00:00] - Why profitable traders deserve to be paid in a more substantial way.[00:04:47] - What leveraging up actually means: It's trusting your edge, not reckless gambling.[00:05:43] - The business analogy: Why you must grow your trading system gradually like a full-scale operation.[00:07:28] - Step 1: Start with your edge. Consistent profitability at a small size is non-negotiable.[00:08:14] - Step 2: Scale gradually. Incremental (10-20%) increases mitigate psychological shock.[00:09:33] - Step 3: Adjust your risk intelligently. Larger positions require stricter stop-loss control.[00:11:22] - Step 4: Review and reflect. How to journal out your feelings after a bigger-sized trade.[00:18:00] - The "breaking ceilings" analogy: Why growth comes from pushing your limits.[00:20:49] - Personal Story: How accepting a coaching role was my own moment of "leveraging up" as an entrepreneur.[00:26:42] - The turning point: A friend's story of scaling up and the confidence gained from handling losses.[00:28:57] - Final takeaway: Leverage is a skill built through intentional, sustainable challenge.🔗 More from Market Mamas: 👉 Website: www.market-mamas.com 👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/ 👉 Instagram: @mm_marketmamas 👉 Facebook: Market Mamas Facebook 👉 TikTok: Market Mamas on TikTok 👉 Email: contactus@market-mamas.com#TradingPsychology #FuturesTrading #PropFirm #LeverageUp #TradingMindset #TradingTips #ScalingUp #EntrepreneurLife #MarketMamas #PropTrader #TraderJourney #Perseverance
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    32 分
  • What a $100K Options Win Taught This Entrepreneur About Risk and Business with Peter Solanikow

    What a $100K Options Win Taught This Entrepreneur About Risk and Business with Peter Solanikow
    2025/11/14
    Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download —------------------------------------In this episode of the Market Mamas podcast, futures day trader & host Becky Gaskell welcomes Peter Solanikow. Based in Melbourne, Australia, and educated in business and finance with a stockbroker's specialization, Peter shares his diverse journey through the world of investing and entrepreneurship. Peter discusses his early struggles with minimal investment capital, the high-stress environment of options trading during the 2008 financial crisis, and his ultimate shift to running his own businesses. 👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 Bulenox Trader Funding: https://bulenox.com/ Coupon Code: MMAMASThis code will get you their best available deal at any given time, even up to 91% off frequently👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg Check it out and receive a $50 off coupon just by looking at their informative PDF!Key Takeaways:Small Capital: Investing small amounts (e.g., $5k) in speculative shares led to frequent losses due to high risk.Options Win/Stress: A $15k investment in put options before the 2008 GFC yielded over $100k but caused extreme stress.Options vs. Shares: Unlike shares (which own a piece of a company), options have no intrinsic value and can expire worthless.Business Ownership: Peter prefers businesses (like exporting Australian souvenirs) where success depends entirely on him and provides stable income for investing."Renting Shares": A more conservative strategy with $100k+ is to buy blue-chip shares and write call options against them for two income streams (dividends and premiums).Episode Breakdown with Timestamps:[00:00:00] - Peter's background: Education in business and finance with a stockbroker's specialization in Melbourne, Australia.[00:03:48] - Initial Business: Started a tutoring agency business as his main source of income to fund his share market investments.[00:10:16] - The Options Crucible: Realized the impending 2008 GFC and decided to trade put options for a falling market.[00:15:44] - Defining Mindset: Accepted the risk that losing his $15,000 stake wouldn't destroy him, but a successful trade could change his life forever.[00:17:12] - The Payoff: Made over $100,000 on the $15,000 option investment by September 2008.[00:25:40] - Shift to Control: Ultimately shifted focus to owning and managing his own businesses (like exporting Australian products) because his success is entirely dependent on him.[00:40:30] - Conservative Strategy (for $100k+): Recommended strategy of "Renting your shares"—buying blue-chip stock and writing call options for dual income (dividends and option premiums).🔗 Follow Guest Peter Solanikow:👉 Website: http://www.biznesscrew.com/👉 Email: Peter@biznesscrew.com🔗 More from Market Mamas: 👉 Website: www.market-mamas.com 👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/ 👉 Instagram: @mm_marketmamas 👉 Facebook: Market Mamas Facebook 👉 TikTok: Market Mamas on TikTok 👉 Email: contactus@market-mamas.com#FinancialJourney #OptionsTrading #BusinessOwner #GFC2008 #RiskManagement #AustralianFinance #InvestorMindset #BlueChipInvesting #MarketMamas #TraderJourney #TraderLife #PutOptions #ShorttheCrash #Entrepreneur #BusinessStrategy
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    48 分
  • The 10 Key Mindsets Every Day Trader Needs to Build Discipline and Stay Profitable Long Term

    The 10 Key Mindsets Every Day Trader Needs to Build Discipline and Stay Profitable Long Term
    2025/11/07
    Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download —------------------------------------In this episode of the Market Mamas Podcast, host and futures day trader Becky Gaskell breaks down 10 Critical Mindsets for Success - the psychological edge needed for consistent, long-term survival and profitability in day trading. Drawing from personal and professional experience, Becky shares the internal shifts required to operate effectively in a high-pressure, fast-moving market. Each mindset is explored in detail, providing insights and practical advice for traders looking to improve their performance and mindset.👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 Bulenox Trader Funding: https://bulenox.com/ Coupon Code: MMAMASThis code will get you their best available deal at any given time, even up to 91% off frequently!👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg Check it out and receive a $50 off coupon just by looking at their informative PDF!Key Takeaways:Survival First: Prioritize capital preservation (position sizing, quick loss-cutting) over everything else.Process Over Outcome: Focus on execution quality (following your plan) instead of P&L results to prevent impulsive trades.The Market is Abundant: Be patient, let go of missed trades, and see every loss as a propellant growth experience.Confidence without Ego: Have conviction to execute, but be humble enough to take a small, planned stop loss.Patience is Profit: Most of trading is waiting for high-probability setups; avoid rushing or revenge trading.Lifelong Learner: The market changes. Use curiosity and humility for continuous study, backtesting, and seeking feedback.Episode Breakdown:[00:00:00] - Introduction: Why specific mindsets are critical for consistent operation in day trading.[00:03:05] - Mindset 1: Discipline & Risk Management. Survival is key; prioritize preservation through position sizing and sticking to the plan.[00:06:48] - Mindset 2: Gratitude. Using abundance and positivity to strengthen resilience against red days.[00:08:40] - Mindset 3: Adaptability & Flexibility. Adjust your trade plan when charts present contradictory data; never be "married to a trade."[00:10:22] - Mindset 4: Confidence without Ego. The line between conviction and over-leveraging is fueled by ego.[00:12:40] - Mindset 5: Resilience. Bouncing back quickly by taking the lesson from a loss and starting fresh the next day.[00:15:43] - Mindset 6: Process-Oriented Thinking. Evaluating trading based on execution quality, not the P&L outcome.[00:18:54] - Mindset 7: Curiosity. Constantly journaling, backtesting, and seeking knowledge to refine your edge.[00:22:18] - Mindset 8: Abundance. Great opportunities keep coming. Avoid chasing missed trades.[00:25:54] - Mindset 9: Patience. Why overtrading after a big win/loss sabotages long-term compounding effects.[00:29:03] - Mindset 10: Humility. Staying open to coaching and feedback, especially after a winning streak.🔗 More from Market Mamas: 👉 Website: www.market-mamas.com 👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/ 👉 Instagram: @mm_marketmamas 👉 Facebook: Market Mamas Facebook 👉 TikTok: Market Mamas on TikTok 👉 Email: contactus@market-mamas.com#DayTrading #TraderMindset #RiskManagement #FinancialGrowth #TradingPsychology #ProcessOverOutcome #MarketMamas #TradingTips #DayTradingMindset #consistencyintrading #lawofattraction #emotionaldiscipline #futurestrader #consistentlyprofitable #tradinghack
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    38 分
  • Traders Have to Manage These Emotional Money Triggers to Profit Consistently, with Erika Wasserman

    Traders Have to Manage These Emotional Money Triggers to Profit Consistently, with Erika Wasserman
    2025/10/31
    Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download—------------------------------------In this episode of the Market Mamas podcast, host Becky Gaskell welcomes Erika Wasserman, a Certified Financial Therapist (CFT) and expert in financial psychology. The conversation explores the emotional and psychological hurdles that day traders face with money. Erika shares her unique upbringing, which normalized financial discussions, her journey to becoming a CFT, and practical strategies for managing the high-octane emotions of trading the market. 👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 Bulenox Trader Funding: https://bulenox.com/ Coupon Code: MMAMASThis code will get you their best available deal at any given time, even up to 91% off frequently👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg Check it out and receive a $50 off coupon just by looking at their informative PDF!Key TakeawaysA Harvard study suggests 90% of financial decisions are emotional and only 10% are logical, which is why managing your mindset is crucial for trading success.Traders often feel losses much more intensely than wins, leading to shame and secrecy that negatively impact mental health and trading performance.Successful trading requires setting clear, pre-determined boundaries or "guardrails" for wins and losses to prevent emotional decisions like greed or chasing losses.Flip the "What Ifs": When facing a drawdown, combat negative "what if" fears by consciously pivoting to positive self-talk Episode Breakdown with Timestamps[00:01:34] - Introduction of host Becky, the focus on psychological hurdles, and welcoming guest Erika Wasserman, Certified Financial Therapist.[00:02:44] - Erika's background: How growing up with open financial conversations shaped her career path.[00:08:24] - The hard truth: 90% of financial decisions are emotional, which is amplified in day trading.[00:17:23] - Why traders "monkey with" their daily loss limits on trading platforms, and how this sabotages their long-term system.[00:22:20] - The power of physical breaks (walking away) as a technique to tap back into your logical brain and avoid revenge trading.[00:24:44] - Advice for handling a drawdown: Changing your mindset by converting negative "what ifs" into positive ones.[00:54:24] - Erika's book: Conversations with Your Financial Therapist: Stories and Scripts to Grow Your Mindset.🔗 Follow Guest Erika Wasserman:👉 Amazon: https://www.amazon.com/stores/YourFinancialTherapist/page/FD6F8578-62D0-4668-B29A-0B3E1729B961?👉 Website: https://yourfinancialtherapist.com/👉 Instagram: https://www.instagram.com/yourfinancialtherapist/🔗 More from Market Mamas: 👉 Website: www.market-mamas.com 👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/ 👉 Instagram: @mm_marketmamas 👉 Facebook: Market Mamas Facebook 👉 TikTok: Market Mamas on TikTok 👉 Email: contactus@market-mamas.com#financialpsychology #daytradingmindset #tradingpsychology #lossprevention #financialtherapy #riskmanagement #emotionalliteracy #marketmamas #tradingstrategy #daytrader #tradermindset #traderlife
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    55 分