Kendra’s Self Discovery & Growth as a Trader in 2024
In this episode, Market-Mama Kendra discusses her experiences and current season as a developing day trader. Kendra shares her journey of self-discovery and growth in her trading. She realizes that her greatest hindrance to profitability is taking short-lived trades and not fully trusting her analysis. She creates a profit-taking plan and shifts her mindset to love risk and opportunity more than the fear of losing. Kendra also challenges herself to trade larger evaluation accounts and focuses on improving her perspective on participation. She emphasizes the importance of respecting the long game, identifying weak spots, and proper preparation. Kendra shares her success pyramid and the things that make her a consistently profitable trader.
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.
Pursuing Power in 2024
Since starting the journey of day trading over three years ago, Kendra and Becky have found themselves in their own power pursuit in both life and in day trading. In this week's discussion, Market Mamas dive deeper into this topic and touch on the intentions and significance of pushing beyond the status quo and into the fullest version of yourself. Being bold and brave with a willingness to endure many challenges and resistances are required to stay on this path. Letting go of what no longer serves you and sometimes being a lone wolf are some of the costs you pay along the way. The end goal being self-actualization, which sits at the tip top of the Maslow’s hierarchy of needs pyramid. At that level of success and fulfillment, the individual achieves one’s full potential in their pursuits, creative or otherwise, and has become all that is possible.
Resiliency in Your Trading Journey
If you have ever really attempted a pursuit that is incredibly challenging, then you will know a bit about the concept of resiliency first hand. As day traders, we Market Mamas definitely have developed quite an understanding of this trait. So, let’s talk about resilience and how we best can channel it in all our pursuits!
Market Mamas Discuss: Being Interviewed, Recent Lessons, & Unexpected Life Twists
Market Mamas open discussion where day traders Becky and Kendra discuss recent podcast highlights. Our beginner trader guest Amanda was really the perfect person to finally interview the mamas and pull out great experience gems from their early years as evolving day traders. And there were many important lessons from our thorough conversation with professional trader Cris in his recent interview as well. We also discuss a recent challenging curve ball the mamas are working through and additional highlights from one of our favorite books.
Get to know the mamas better and hear about our current season as busy day traders! Motherhood and juggling multiple loves can spread us pretty thin, but we are here for the work and are enjoying the journey! Real talk is our jam and we appreciate you joining us!
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.
You Asked, We Answered! Beginner Trader Questions Discussed
During this episode, Market Mamas answer 4 viewer questions about the best ways to approach learning to trade. Kendra and Becky go into great detail with the topic of a timeline before trading live capital and the rollercoaster of confidence it takes to do so. The importance of data collection to gain and understand yourself in order to build a solid trading edge is covered thoroughly. Market Mamas reveal what their most difficult concept to grasp in trading has been and what they're still working on improving. Show is wrapped up with an emphasis on "being a student of the game", and the need to invest in your trading education just as if you're going to college.
Futures Traders: Do you trade the news?
Market Mamas pointed discussion where Kendra and Becky talk trading news and volatility in the markets. Here we give a brief introduction to some important must-know tips to prepare, protect, and even take advantage of the wild moves that can occur on big news days. Learn about the ForexFactory.com news calendar, major Federal Reserve FOMC statements, and how the federal funds rate impacts trading the stock market. Becky gives a real example on the charts of what can be expected in these very volatile moves. Kendra touches on pre-market news derived opportunities and using the CBOE Volatility Index (VIX) to understand how to gauge market sentiment.
Market Mamas Discuss: Ah Ha Trading Lessons, Summer Schedules and More!
Market Mamas open discussion where Kendra and Becky discuss recent podcast highlights. Kendra goes in depth about a trading revelation and how she took action to pivot. Becky talks about the need to tune out the noise of others and protect her castle. A great recap of Market Mama's cruise vacation and how they will approach summer with new schedules and home life priorities.
Get to know the mamas better and hear about our current season as busy day traders! Motherhood and juggling multiple loves can spread us pretty thin, but we are here for the work and are enjoying the journey! Real talk is our jam and we appreciate you joining us!
Prop Firm Trading: Part 2
Day trader Phil is back with the Market Mamas to dig deeper into our discussion on trader funding companies / prop firms. We discuss more of the pros and cons on these funding companies, strategy for optimal outcomes, variations from company to company, leveraging up, the power of compounding, and so much more! For all our traders out there, a lot of key information here about partnering with a trader funding company!
Channeling Peace with my Piece
This concept is critical for longevity as an early day trader - it is choosing to channel peaceful energy with your piece of the market on a given day. The phrase, Peace with my Piece, really embodies an important concept in successful trading, and that is being content with not taking an entire move or every move, especially when you are still newer and fine-tuning your craft. We always aim to be grateful for what we have, so that energy really helps with this approach. We Market Mamas aim to feel predominant peace and gratitude after our morning trading sessions with focusing on the long game. And this has proven very beneficial as evolving day traders!
Market Mamas Discuss: Soul Care, Multitasking, Deep Work and More!
Market Mamas was born out of the intimate conversations Becky & Kendra just naturally had week after week for our first few years trading. So, this and future episodes like this one, are created in that likeness. They are open discussions centered around what we went through this past week, what work we are creating for you all coming up, powerful messages we recently heard and love, and what individual hurdles we are working through the most right now. Purpose being to serve you all with what also serves us.
Trader Funding Companies: Opportunity or Scam?
Join us as we dive into the trading with a funded company debate! We provide some basic information on what these companies offer and how to access trading capital through them. We also highlight some pros and cons that are important to factor in when considering this funding option. Lastly, we share our personal experiences and opinions having used funded accounts ourselves now for a good amount of time.
How it’s going 5 months into Market Mamas!
Market Mamas here celebrating our 5-month anniversary since launching this podcast. In this unscripted episode we get real about challenges, new announcements, and what we have in store.
Self-Talk for Trader Perseverance & Positivity
The psychology part of trading is a major requirement to work through when elevating to greatness. It is truly critical to success and perseverance as a trader, or in any really challenging pursuit. Focused and robust positive self-talk is key. There is power in reviewing your strength, skill, faith, and progress daily to keep your head in the game. Allow us to help you with this self-talk work!
Tilt in Trading
Check out Market Mama’s latest discussion about tilt in trading. We bring awareness to the raw and real threat of tilt in our performances. Join us as we explore how we can all avoid this danger zone and overcome the challenges of tilt in our trading journeys.
The Power of Accountability Partnerships!
Learn about how Kendra and Becky became the dynamic duo of Market-Mamas in this episode. We dive into the benefits of forming an accountability partnership in trading or otherwise. Our psychology is wired to not let others down and leveraging this factor can become a great asset to anyone setting and striving for life-changing goals. We share the ins and outs of what this mutually serving and supportive partnership looks like and how to form your own!
Why is Self Control Required for Day Trading?
You can be very intelligent and fully conceptually understand a trading edge in the market, and still be a losing trader if you do not consistently exhibit self control. That’s the hard truth of the importance of self control for sustainable success! Join Market Mamas in this important discussion!
Upgrading Your Identity
As we are working to advance as successful day traders and in the podcast world, we are accepting the challenge head-on to upgrade our identity to all that we know we are capable of becoming. But it isn’t always easy. Check out this discussion on upgrading identity with the market mamas!