The Power of Keeping it Simple in Trading
Trading has to be complicated and vast for a bit, when it is new. There is a massive learning curve during your first several months of your exposure to the markets and how to execute trades, what systems are available, what a real edge even is… But after you’ve settled into a trading market and style, there is tremendous value in then simplifying your system. We market mamas talk in this episode about how and why we have simplified our trading lives as we are growing and evolving and all the benefits around these choices. As well as dropping some gems from a legend in the trading world, so you won’t want to miss this episode!
Trader Expectation vs Reality
When you are early to trading, your expectations and goals are fueled by predominantly successful, advanced traders and online trading mentors who entice us with dreams of making millions from a laptop in no time at all. But is that the reality? Day Traders Becky & Kendra would argue that it is often not an accurate representation of reality and today we confront the truth between realistic expectations for a trading career, and unrealistic expectations. From timeline to indicators, and emotions to daily income, we Market Mamas cover it all in this episode.
How to Manage Technical Glitches in Trading
In this episode, Market Mamas address the recent disruption with Rithmic order and platform communication issues. The mamas share their real experiences having traded through these challenging times and how it's affected performance and prop firm trading accounts. Becky and Kendra also discuss other technical errors that can randomly occur and how to best navigate and prevent them. Day trading is challenging enough when everything goes smoothly! But it can flip to frustrating and dangerous for your accounts quickly when things start to go wrong.