Market Mamas Discuss: Being Interviewed, Recent Lessons, & Unexpected Life Twists
Welcome Back! This episode of our podcast is unscripted and reviews our recent interviews and our favorite highlights from those conversations, including when beginner trader Amanda interviewed us! There’s also been some unexpected turns in Becky’s life in particular that we find ourselves navigating through and openly discuss. Life often throws out curve balls and it takes some intentional focus to safely navigate through it all for sure, trading or otherwise!
When Becky and Kendra first hatched the idea of Market Mamas, we had intended to interview each other and get our stories out early in the community creation. Point being, our journeys can help to normalize the madness and excitement of becoming a successful trader from complete scratch as mother’s in our 30’s. But when we got started, we just kept rolling with our desired episode topics and interviewing other fellow traders to add layers in our Market Mamas community that honor the true diversity within the day trading world.
And then Amanda came along! She had such great questions on a couple of our YouTube videos and subsequently opened a dialogue with us regarding killer new trader questions. As we got to know her better, we realized this opportunity had organically presented itself for us! She became the interviewer for us and our first few years learning to be traders! That was a very cool recording session for Kendra and Becky! We answered questions and sort of re-lived those early milestones while pulling out gems from our hindsight on our own turbulent journey to this point in our trading careers. So, we again thank you so much for that Amanda and are excited to see how your trading journey progresses!
And, interestingly, that same week we interviewed with Amanda, we had the opportunity to interview a more advanced day trader than us with his own community! Cris was such a fun interview because we were able to talk through a longer journey from a trader that began in 2019 to now where he leads a robust community of growing professional traders. It was great to talk about accountability and transparency in trading, as well as executions and risk management - such important topics for all of us day traders to always pay heed to and manage purposefully. We also openly discussed the importance of not losing confidence through drawdowns, and needing to do what has to be done regardless of how you feel on any given day. This resiliency is so critical in our trading businesses.
You guys definitely want to make sure you watch both our conversations with Amanda (https://linktw.in/ROqKSJ and https://linktw.in/HlubySV) and Cris (https://linktw.in/mGkGmd) if you haven’t already!
“Life changes when you least expect it to. The future is uncertain. So, seize this day, seize this moment, and make the most of it.”
~ Jim Valvano
Occasionally in life, we are dealt a crap hand. And then you are smack in the middle of a situation that the only way around it is through it. No one is immune to these experiences either. Recently this happened in Becky’s life. It’s a fact that life can bring us to our knees, making us vulnerable and uncomfortable literally and figuratively. At the end of June, Becky re-injured her back and was forced to deal with life in pain and with mobility issues due to nerve impingement. And as a mother of 3 younger children and with multiple roles as a nurse, day trader, and podcaster outside of homelife, it was a major disrupter. Life will do these things. It is a moment in time that will pass, and who knows what blessings might emerge from this time for the Market Mamas!
In fact, Becky’s acute injury brought awareness to the fact it’s just Becky and Kendra running this Market Mamas show! We do not have a backup plan if one of us goes down. That type of situation is something to really think about if you have a small business of any kind. What sort of contingency plans do you have in place for life’s unexpected roadblocks? While, thankfully, Becky has been able to keep up well enough in this situation, it has given us an important wake up call to an area we need to prepare more for.
Ok, our most recent must read recommendation for you all is the book The Magic of Thinking Big by David Schwartz. And there was seriously too many gems to cover in one episode! That book is where the foreman negative/foreman positive concept came from that we’ve previously made reference too, and it really is such an important concept to making sure you know who is calling the shots with your thinking each day, because the impact to your life is major. Also another really good part we did not have time to cover was the “excusitis,” aka thought disease. It does not serve us in the moment or long term when we hide behind excuses, with the worst types being around health, intelligence, age, and luck. There is something physically wrong with everybody, this is just a fact. But you can manage your own situation well or poorly, depending on your convictions towards moving ahead regardless of you perceived barriers to success, if you just choose to positively direct your thoughts.
Most humans truly underestimate our own brain power. And we overestimate others' brain power. Our minds are more powerful than most of us care to admit and if you can push beyond just knowing facts, and instead be a problem solver and think of big ideas instead of simply accepting the known - the world can be our oyster! This approach to life can open up so many more doors of possibility for you!
And, contrary to standard belief, how old one is is not important to what you can still do in your lifetime. It’s ones’ attitude towards age that makes it either a blessing or a barricade. This is similar to popular belief about luck as well. Carefully planned work and executed plans are not luck. There is no good or bad luck. Let’s state if for what it is. There is hard work, or there is weak work. There’s a failure to learn from mistakes and make an effort to improve, that one may try to write off as bad luck. But we are of the belief that action and effort is what truly makes or breaks an outcome, as it was also so well written in The Magic of Thinking Big. For more great lessons from this timeless text, check out our full episode on this book and our favorite take aways from it.
Thank you to everyone who is subscribing to our podcast, reading our blogs, and providing us feedback! We are here to talk openly about everything that may help us all level up within our lives, be it day trading or otherwise. Take care!