Week with A Real NASDAQ Futures Day Trader, feat. Kendra
We love having these periodic check-ins with ourselves, our progress, our experiences, and our general growth. There’s the saying: what you measure changes. Just the fact of measuring our outcomes and growth and experiences and then reviewing what that data is showing us week over week provides valuable insights into where we are headed and how it's going! For this episode, Kendra speaks to her executions for the trading week of September 3-6, 2024, both in technical detail and in psychological impact.
When we get into some of our technical systems regarding our day trading in a Market Mamas episode, we want to be very clear that we are not offering trading advice or technical support for traders at this time. But we will start to discuss how we see the markets and choose to execute as traders more and more with you all for the purpose that these real, data driven experiences are shaping us as traders in real time and hold tremendous value in hindsight analysis. We recorded this episode on Sept. 8th - the Sunday after this week when the trading sessions were still fresh and relevant in our minds. For blog purposes on the website, we will not detail any of her executions and the jargon she speaks to. To gain that, you will definitely want to watch the full episode on YouTube or what ever your preferred podcast program that you utilize.
In this episode, Market-Mama Kendra recaps her trading week and shares the lessons and experiences she gained. She discusses the challenges she faced as an NQ futures trader, including entering trades too soon, getting stopped out, and struggling with mindset. Kendra emphasizes the importance of staying focused, respecting trading conditions, and taking breaks when needed. She also highlights the power of if-then statements and having a defined trading system that supports your style. Overall, Kendra's week was a mix of ups and downs, but she remains optimistic and focused on continuous improvement.
Key Takeaways:
-Stay focused and respect trading conditions
-Take breaks when needed to maintain mental clarity
-Use if-then statements to guide your trading decisions
-Develop a trading system that supports your style
Kendra has been cultivating a strong mindset regarding trading for years. And recently has really embraced the outlook that: “Today can be the day I take my best trade yet.” This is so true, right? We have to cancel superstition and reinforce that things will only improve over time with showing up and intentional efforts / deliberate practice. And never ceasing to learn from those father ahead in this game than ourselves and with wisdom that applies to our styles and skillsets. Near the end of this episode, Kendra remarks on a few recent takeaways from other trading content creators that we follow, such as Carmine and Umar, and their messages are clear. Each trading session is one day out of many. Every day has fresh opportunities and we are in this game for the long term, so what about our next 100 trade opportunities? A small loss is a part of a healthy trading system and even if you are taken out, this may provide you an opportunity to get back in with potentially a better entry, as long as the original trade idea is still in play. Many great day trading take aways in this episode featuring our NQ trading Market Mama Kendra!
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. We wish you all the very best for your lives!