I share with you some personal projects that i amdoing with artificial intelligence that I think you might find interest in.

I discuss my interaction with a younger Trader and how we are working on zooming out and maintaining proper perspective when developing new trading strategies and when reviewing trade results.

I talk about different tactics and strategies you can use when the market is busy building a little bit more on the last podcast.

We talk about size management, emotional management and also timeframe when the market gets busier.

When you are centered in what you’re doing there’s really never a decision you have to make the decision will be obvious and the pull will be natural.

In this conversation, Brad and Brent explore the concept of a trading edge, discussing how to identify it, recognize when it is lost, and the emotional aspects of trading. They emphasize the importance of self-awareness and backtesting in maintaining a successful trading strategy, while also acknowledging the inevitable struggles traders face throughout their careers.

Takeaways

• Defining your trading edge can be subjective and varies for each trader.
• A clear sign of losing your edge is when past successful strategies no longer yield results.
• Emotional dissatisfaction in trading can indicate a loss of connection to your strategy.
• Backtesting can help identify when your edge is no longer effective.
• Experiencing larger losses than expected is a significant red flag.
• Trading should bring joy, but it also comes with stress.
• Long-term traders often face periods of doubt and disconnection from their work.
• Admitting when a strategy isn't working is crucial for growth.
• Rebuilding after losses requires humility and self-reflection.
• Finding a new edge is possible with the right mindset and approach.

• Finding Your Trading Edge: A Deep Dive
• When Your Trading Edge Disappears

• "How do you know when your edge is gone?"
• "I feel like shit about what I'm doing."
• "You need to go back to the drawing board."

In this episode of the mentorship podcast, the hosts discuss the challenges faced by traders, particularly focusing on impulsiveness, discipline, and the psychological aspects of trading. They explore the importance of having a structured trading strategy, the impact of behavioral conditioning, and the necessity of treating trading as a serious career. The conversation emphasizes the need for a pre-trade routine and the significance of following rules to achieve long-term success in trading.

Takeaways

Many traders struggle with impulsiveness after experiencing success.

Discipline is crucial for maintaining a consistent trading strategy.

Writing down trading rules can help reinforce discipline.

Changing the definition of a 'winning day' can improve mindset.

Behavioral conditioning from past trading habits can affect current performance.

Taking breaks after impulsive trades can reset mental focus.

The adrenaline rush from trading can lead to poor decision-making.

Treating trading as a career requires the same rigor as any job.

Understanding the psychological aspects of trading can aid in self-regulation.

Building a supportive trading environment can help mitigate loneliness.

Brent and I listen to Mike explain his strategy and then we go to work helping him make a few fixes that will help him align more to his intended outcome.