Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download —------------------------------------
In this episode of the Market Mamas podcast, day trader and host Becky Gaskell welcomes Justin Miller, a futures trader and fellow team member at BluSky Trading Company. Justin shares his evolution from the "meme mania" of GameStop and AMC to becoming a disciplined futures trader. He discusses the messy middle of signal groups and strategy hopping, the pivotal role of mentorship, and how he transitioned from treating trading as a hobby to a professional, profitable business.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 BluSky Trading Company: https://blusky.pro?ref=mmamas
This is my preferred futures prop firm for many reasons, including a variety of plan options, excellent customer service, daily payouts, and the quickest path to brokerage!
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Topics:
The "Meme Mania" Hook: How early, easy wins in AMC created a false sense of security and led to the difficult realization that trading requires real skill.
The Danger of Signal Groups: Why blindly following telegram or discord alerts prevents growth and why understanding the "why" behind a trade is essential.
The Power of Mentorship: Finding a mentor who understands your specific life stage and personality to help bridge the gap to profitability.
Prop Firm Evolution: How prop funding companies have revolutionized the industry by allowing traders to protect their personal capital while gaining "skin in the game".
Trading as a Business: Shifting the mindset from clicking buttons for a "quick win" to following a structured, pre-planned thesis every day.
Episode Highlights and Timestamps:[00:00:00] - Justin’s motivation: Getting tired of "funding his hobby" with his business income and the shift to pursuing trading as a career.
[00:02:40] - The AMC "technical difficulty": Making 450% in two days and the dangerous assumption that trading was "easy".
[00:05:30] - Transitioning to prop firms: The psychological benefits of trading other people's capital to preserve personal savings.
[00:07:19] - The "Messy Middle": Moving away from 50-trade-a-day habits and signal bots to focus on quality setups and liquidity.
[00:12:30] - The Importance of Community: Why talking to other traders is "trading therapy" and prevents you from feeling like you're losing your mind.
[00:21:54] - Finding the Right Mentor: Why it is vital to find a mentor whose "vibe" and life stage (e.g., career professional vs. young student) match your own.
[00:27:50] - "Less is More": How reducing screen time and limiting yourself to three trades a day can lead to greater success.
[00:32:45] - The "One More Trade" Trap: The mental toll of breaking rules and why physical or software lockouts are essential for longevity.
🔗 Connect with The Guest, Justin Miller:
👉 Email: jmiller@blusky.pro
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: https://www.instagram.com/mm_marketmamas
👉 Facebook: https://www.facebook.com/profile.php?id=61551100341049&mibextid=b06tZ0
👉 TikTok: https://tiktok.com/@market.mamas
👉 Email: contactus@market-mamas.com
#DayTrading #FuturesTrading #TradingPsychology #PropFirm #TradingJourney #MarketMamas #TradingMentorship #FinancialFreedom #DisciplineEqualsFreedom #TraderMindset
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download —------------------------------------
In this episode of Market Mamas, futures day trader and host Becky Gaskell dives into the highly valuable, yet often postponed, practice of backtesting. After being encouraged by her mentor, Becky shares the powerful lessons she was reminded of from dedicated backtesting sessions, emphasizing how this "back-end work" is crucial for fine-tuning a trading system, strengthening pattern recognition, and reducing emotional, discretionary energy in live trading.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 BluSky Trading: Get Funded NOW. Quickest path to brokerage, daily pay-outs, and customer service that actually helps. This is my preferred futures prop firm, period. https://blusky.pro/?ref=mmamas
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
System Refinement: Use backtesting data to fine-tune entry criteria and systematize your trade plan for greater consistency.
Two Approaches: Backtest by either purely observing/note-taking or by simulating trades to build muscle memory.
Develop Patience: Backtesting teaches you to wait for high-probability setups that follow accumulation/distribution periods.
Optimize Risk Management: It is essential for analyzing and correctly placing stop-loss orders based on your specific trading parameters.
Episode Highlights and Timestamps:
[00:00:00] - Introduction to the topic: Backtesting and its role in strengthening a trading system.
[00:06:20] - The first major benefit: Backtesting eliminates the psychological pressure of live trading.
[00:09:57] - Two different ways to approach backtesting: purely observing vs. simulating trades.
[00:13:37] - The main goal of backtesting: Improving pattern recognition and becoming quicker at critical thinking.
[00:16:20] - How backtesting data helps systematize your rules and reduce emotional trading.
[00:19:10] - The importance of backtesting your specific trading time to maximize the refinement of your system.
[00:21:45] - Closing remarks and an offer to share a live backtesting session in a future episode.
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
Follow the Podcast:
👉 Apple Podcast: Market Mamas Podcast
👉 Spotify: Market Mamas on Spotify
#Backtesting #DayTrading #FuturesTrading #TradingPsychology #MarketMamas #TradingSystem #PatternRecognition #TradeExecution #TradingStrategy #TraderTips
In this episode of the Market Mamas podcast, futures day trader and host Becky Gaskell welcomes Scott Allen, a seasoned algo and swing trader with a background in capital markets. Scott shares his journey from crypto bots and prop firm struggles to finding a resilient edge through emotional intelligence, a stoic approach, and a focus on the fundamental "first principles" that actually drive market movement.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 BluSky Trading Company: https://blusky.pro?ref=mmamas
This is my preferred futures prop firm for many reasons, including a variety of plan options, excellent customer service, daily payouts, and the quickest path to brokerage!
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Topics:
Mindset & Stoicism: Build resilience using emotional intelligence and Stoic principles (probabilistic thinking).
"It's Only Money": If you can't say this after a loss, your position sizing is too heavy (trading too emotionally).
Systemic Alpha: Stop chasing complexity; focus on fundamental market truths (e.g., prices trend) for a lasting edge.
Momentum Pays: Momentum (aggression, absorption, acceptance) is the only thing that generates profit, not structure or volume.
Algo Hard Road: Prop firm failures and overfitting forced a shift to simpler, robust, naked-chart strategies.
Episode Highlights and Timestamps:
[00:00:00] - Intro
[00:04:13] - Scott's initial trading journey using crypto grid bots to "stack SATs" (accumulate Bitcoin) by capitalizing on volatility like a market maker.
[00:08:40] - Scott's motivation for learning to beat the market after watching his mother lose her retirement savings twice, highlighting the S&P 500's 13-year "lost decade".
[00:11:46] - The challenge of algo trading: failing prop firm challenges, learning about overfitting, and the market shakeup from the MetaTrader and prop firm shutdowns.
[00:16:25] - The necessity of a healthy money mindset, the life-altering lesson that "it's only money", and the need to adjust position sizing if you cannot weather the losses.
[00:18:34] - Applying stoic philosophy and the baseball analogy: world-class hitters miss 70% of the time, normalizing "swing and a miss" as part of the game of probabilities.
[00:28:07] - The turning point of unlearning esoteric strategies and focusing on "first principles" and "finding truth" from reliable sources and academic papers.
[00:39:40] - A paradoxical explanation of why Scott prefers algorithmic trading.
[00:52:34] - The trading truth that fixed profit targets (fixed TPI) have the lowest expectancy.
🔗 Follow Guest Scott Allen:
👉 LinkedIn: https://www.linkedin.com/in/scottallen/
👉 Discord: https://discordapp.com/users/650584994929967135
👉 Reddit: https://www.reddit.com/u/The-Goat-Trader
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#TradingPsychology #Stoicism #AlgoTrading #FuturesTrading #MomentumTrading #MarketFirstPrinciples #MarketMamas #ScottAllen #DayTrader #PropTrader #Crypto #CryptoBots #FirstPrinciples
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this episode of Market Mamas, join futures day trader and host Becky Gaskell as she celebrates the two-year anniversary of the Market Mamas Podcast! This episode reflects on the intense personal and psychological growth driven by day trading. Becky candidly discusses the non-linear path to profitability, the need to embrace mental resets, and the powerful human change that comes from the pursuit and evolution.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 BluSky Trading: Get Funded NOW. Quickest path to brokerage, daily pay-outs, and customer service that actually helps. This is my preferred futures prop firm, period. https://blusky.pro/?ref=mmamas
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
Mindfulness Matters: A quick reminder about staying centered during intense trading sessions.
The Non-Linear Path: Growth is not "perfect and linear" but is compounding and building nonetheless.
Community Value: The appreciation for listeners who recognize the value of having a supportive community to discuss the realities of striving for profitability.
Episode Highlights and Timestamps:
[00:00:00] - Intro
[00:01:36] - Podcast Anniversary: Celebrated two years, started in the "messy middle" of trading.
[00:03:33] - Core Focus: Market Mamas is primarily a trader psychology podcast.
[00:06:11] - Profitability: Profitable overall for two years, but not consistently month-over-month.
[00:07:51] - Goal Reframing: Focus on improving skills and system, not just monthly dollar figures.
[00:11:42] - New Role: Joined Blue Sky Trading Company for live streaming and psychology talks.
[00:13:00] - Human Growth: Trading forced deep psychological work, leading to powerful personal change.
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#MarketMamas #TraderPsychology #DayTrading #MomTrader #TradingJourney #FuturesTrader #MindsetMatters #PropFirm #TraderLife #Podcasting #TradingPodcast
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
In this episode of the Market Mamas podcast, futures day trader and host Becky Gaskell welcomes Will Young, a seasoned investor and long-term disciplined trader. Will shares his foundational philosophies for surviving and thriving across market cycles. The conversation centers on the psychological traps of trading - like the paralyzing fear of regret - and the strategic necessity of disciplined planning and preparedness.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 BluSky Trading: Get Funded NOW. Quickest path to brokerage, daily pay-outs, and customer service that actually helps. This is my preferred futures prop firm, period. https://blusky.pro?ref=mmamas
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out & receive a $50 off coupon just by looking at their informative PDF!
Key Topics:
Market Speed & Cycles: The rapid pace of modern technological shifts and how quickly market leadership and stock valuations can revert.
The Discipline of Letting Go: The necessity of being agile and smart enough to quickly exit underperforming positions before losses escalate.
The Long-Term Plan: Will Young's mandatory rule of having a written, shared plan covering 3, 6, 9, and 12 months to navigate inevitable market volatility.
The Preparation Rule: The number one rule for success: always be prepared by actively trimming winning positions to build cash reserves for buying opportunities during downturns.
Avoiding Regret (The Psychological Edge): How having cash prevents traders from making emotional decisions, such as selling losers under duress, which is the primary source of market regret.
Episode Highlights and Timestamps:[00:00:00] – Intro
[00:05:30] – Recommendation to use Bayesian probabilities (math over magic) to determine outcomes, and a strong caution against day trading options, which is likened to gambling.
[00:08:56] – The challenge of political figures making market-moving statements to help friends, leading the speaker to keep more cash available for strategic entry points.
[00:12:28] – The use of Sentiment Trader for high-probability, math-based trading decisions on indexes, emphasizing the goal of "pay the discipline tax today to get the freedom dividend in the future".
[00:18:06] – The necessity of writing down thoughts to overcome the illusion of information adequacy bias and the commitment required to compete at the market's highest level.
[00:27:59] – An extended analogy comparing the unpredictable nature of trading to surfing, emphasizing the need to be present, control one's own actions, and use stop losses as critical protections.
[00:36:05] – The importance of taking a win and walking away after a windfall or loss to maintain peace of mind, and the practical strategy of making most trading decisions in the first 30 minutes of the day.
[00:43:57] – The value of having cash available to take advantage of "unknown unknowns" - good stocks that fall cheaply after a bad event by doing homework ahead of time.
🔗 Follow Guest WiLL Young:
👉 Website: http://willryoung.com/
👉 YouTube: https://www.youtube.com/@WiLLRYoung
👉 Email: will@willryoung.com
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#MarketMamasPodcast #TradingPsychology #DisciplinedTrading #LongTermInvesting #MarketMamas #FuturesTrader #TradingTips #TradeYourPlan #EventTrading
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
—-----------------------------------
In this episode of the Market Mamas Podcast, futures day trader and host Becky Gaskell breaks down why scaling size is less about the money and more about trusting a proven edge and treating trading like a professional business. Becky shares a four-step framework for increasing leverage responsibly and explains how every size increase is also a psychological test that builds confidence and hardiness. She also shares a recent personal story about how she “leveraged up” her own career by accepting a coaching role at the prop firm BluSky, and the imposter syndrome she had to push through.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 BluSky Trading Company: https://blusky.pro?ref=mmamas This is my preferred futures prop firm for many reasons, including a variety of plan options, excellent customer service, daily payouts, and the quickest path to brokerage!
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
Why "leveraging up" is actually a moment of trusting your edge, not just increasing risk.
The danger of premature scaling and how quickly an account can be wrecked if skill doesn't precede size.
How to stabilize and normalize a new, higher position size before attempting to scale again.
Why treating trading like a business - with a growth strategy - is essential for avoiding stagnation.
Episode Highlights and Timestamps:[00:00:00] - Why profitable traders deserve to be paid in a more substantial way.
[00:04:47] - What leveraging up actually means: It's trusting your edge, not reckless gambling.
[00:05:43] - The business analogy: Why you must grow your trading system gradually like a full-scale operation.
[00:07:28] - Step 1: Start with your edge. Consistent profitability at a small size is non-negotiable.
[00:08:14] - Step 2: Scale gradually. Incremental (10-20%) increases mitigate psychological shock.
[00:09:33] - Step 3: Adjust your risk intelligently. Larger positions require stricter stop-loss control.
[00:11:22] - Step 4: Review and reflect. How to journal out your feelings after a bigger-sized trade.
[00:18:00] - The "breaking ceilings" analogy: Why growth comes from pushing your limits.
[00:20:49] - Personal Story: How accepting a coaching role was my own moment of "leveraging up" as an entrepreneur.
[00:26:42] - The turning point: A friend's story of scaling up and the confidence gained from handling losses.
[00:28:57] - Final takeaway: Leverage is a skill built through intentional, sustainable challenge.
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#TradingPsychology #FuturesTrading #PropFirm #LeverageUp #TradingMindset #TradingTips #ScalingUp #EntrepreneurLife #MarketMamas #PropTrader #TraderJourney #Perseverance
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download —------------------------------------
In this episode of the Market Mamas podcast, futures day trader & host Becky Gaskell welcomes Peter Solanikow. Based in Melbourne, Australia, and educated in business and finance with a stockbroker's specialization, Peter shares his diverse journey through the world of investing and entrepreneurship. Peter discusses his early struggles with minimal investment capital, the high-stress environment of options trading during the 2008 financial crisis, and his ultimate shift to running his own businesses.
👉 Love the show? You can now support Becky by buying her a coffee!
https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
Small Capital: Investing small amounts (e.g., $5k) in speculative shares led to frequent losses due to high risk.
Options Win/Stress: A $15k investment in put options before the 2008 GFC yielded over $100k but caused extreme stress.
Options vs. Shares: Unlike shares (which own a piece of a company), options have no intrinsic value and can expire worthless.
Business Ownership: Peter prefers businesses (like exporting Australian souvenirs) where success depends entirely on him and provides stable income for investing.
"Renting Shares": A more conservative strategy with $100k+ is to buy blue-chip shares and write call options against them for two income streams (dividends and premiums).
Episode Breakdown with Timestamps:
[00:00:00] - Peter's background: Education in business and finance with a stockbroker's specialization in Melbourne, Australia.
[00:03:48] - Initial Business: Started a tutoring agency business as his main source of income to fund his share market investments.
[00:10:16] - The Options Crucible: Realized the impending 2008 GFC and decided to trade put options for a falling market.
[00:15:44] - Defining Mindset: Accepted the risk that losing his $15,000 stake wouldn't destroy him, but a successful trade could change his life forever.
[00:17:12] - The Payoff: Made over $100,000 on the $15,000 option investment by September 2008.
[00:25:40] - Shift to Control: Ultimately shifted focus to owning and managing his own businesses (like exporting Australian products) because his success is entirely dependent on him.
[00:40:30] - Conservative Strategy (for $100k+): Recommended strategy of "Renting your shares"—buying blue-chip stock and writing call options for dual income (dividends and option premiums).
🔗 Follow Guest Peter Solanikow:
👉 Website: http://www.biznesscrew.com/
👉 Email: Peter@biznesscrew.com
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#FinancialJourney #OptionsTrading #BusinessOwner #GFC2008 #RiskManagement #AustralianFinance #InvestorMindset #BlueChipInvesting #MarketMamas #TraderJourney #TraderLife #PutOptions #ShorttheCrash #Entrepreneur #BusinessStrategy
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this episode of the Market Mamas Podcast, host and futures day trader Becky Gaskell breaks down 10 Critical Mindsets for Success - the psychological edge needed for consistent, long-term survival and profitability in day trading. Drawing from personal and professional experience, Becky shares the internal shifts required to operate effectively in a high-pressure, fast-moving market. Each mindset is explored in detail, providing insights and practical advice for traders looking to improve their performance and mindset.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently!
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
Survival First: Prioritize capital preservation (position sizing, quick loss-cutting) over everything else.
Process Over Outcome: Focus on execution quality (following your plan) instead of P&L results to prevent impulsive trades.
The Market is Abundant: Be patient, let go of missed trades, and see every loss as a propellant growth experience.
Confidence without Ego: Have conviction to execute, but be humble enough to take a small, planned stop loss.
Patience is Profit: Most of trading is waiting for high-probability setups; avoid rushing or revenge trading.
Lifelong Learner: The market changes. Use curiosity and humility for continuous study, backtesting, and seeking feedback.
Episode Breakdown:
[00:00:00] - Introduction: Why specific mindsets are critical for consistent operation in day trading.
[00:03:05] - Mindset 1: Discipline & Risk Management. Survival is key; prioritize preservation through position sizing and sticking to the plan.
[00:06:48] - Mindset 2: Gratitude. Using abundance and positivity to strengthen resilience against red days.[00:08:40] - Mindset 3: Adaptability & Flexibility. Adjust your trade plan when charts present contradictory data; never be "married to a trade."
[00:10:22] - Mindset 4: Confidence without Ego. The line between conviction and over-leveraging is fueled by ego.
[00:12:40] - Mindset 5: Resilience. Bouncing back quickly by taking the lesson from a loss and starting fresh the next day.
[00:15:43] - Mindset 6: Process-Oriented Thinking. Evaluating trading based on execution quality, not the P&L outcome.
[00:18:54] - Mindset 7: Curiosity. Constantly journaling, backtesting, and seeking knowledge to refine your edge.
[00:22:18] - Mindset 8: Abundance. Great opportunities keep coming. Avoid chasing missed trades.
[00:25:54] - Mindset 9: Patience. Why overtrading after a big win/loss sabotages long-term compounding effects.
[00:29:03] - Mindset 10: Humility. Staying open to coaching and feedback, especially after a winning streak.
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#DayTrading #TraderMindset #RiskManagement #FinancialGrowth #TradingPsychology #ProcessOverOutcome #MarketMamas #TradingTips #DayTradingMindset #consistencyintrading #lawofattraction #emotionaldiscipline #futurestrader #consistentlyprofitable #tradinghack
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this episode of the Market Mamas podcast, host Becky Gaskell welcomes Erika Wasserman, a Certified Financial Therapist (CFT) and expert in financial psychology. The conversation explores the emotional and psychological hurdles that day traders face with money. Erika shares her unique upbringing, which normalized financial discussions, her journey to becoming a CFT, and practical strategies for managing the high-octane emotions of trading the market.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways
A Harvard study suggests 90% of financial decisions are emotional and only 10% are logical, which is why managing your mindset is crucial for trading success.
Traders often feel losses much more intensely than wins, leading to shame and secrecy that negatively impact mental health and trading performance.
Successful trading requires setting clear, pre-determined boundaries or "guardrails" for wins and losses to prevent emotional decisions like greed or chasing losses.
Flip the "What Ifs": When facing a drawdown, combat negative "what if" fears by consciously pivoting to positive self-talk
Episode Breakdown with Timestamps
[00:01:34] - Introduction of host Becky, the focus on psychological hurdles, and welcoming guest Erika Wasserman, Certified Financial Therapist.
[00:02:44] - Erika's background: How growing up with open financial conversations shaped her career path.
[00:08:24] - The hard truth: 90% of financial decisions are emotional, which is amplified in day trading.
[00:17:23] - Why traders "monkey with" their daily loss limits on trading platforms, and how this sabotages their long-term system.
[00:22:20] - The power of physical breaks (walking away) as a technique to tap back into your logical brain and avoid revenge trading.
[00:24:44] - Advice for handling a drawdown: Changing your mindset by converting negative "what ifs" into positive ones.
[00:54:24] - Erika's book: Conversations with Your Financial Therapist: Stories and Scripts to Grow Your Mindset.
🔗 Follow Guest Erika Wasserman:
👉 Amazon: https://www.amazon.com/stores/YourFinancialTherapist/page/FD6F8578-62D0-4668-B29A-0B3E1729B961?
👉 Website: https://yourfinancialtherapist.com/
👉 Instagram: https://www.instagram.com/yourfinancialtherapist/
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#financialpsychology #daytradingmindset #tradingpsychology #lossprevention #financialtherapy #riskmanagement #emotionalliteracy #marketmamas #tradingstrategy #daytrader #tradermindset #traderlife
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this episode of the Market Mamas Podcast, host Becky Gaskell goes deep into the surprising compatibility between trading and mom life. As a US-based futures day trader and a mother of three boys, Becky shares her personal journey, starting in 2021, and explains why trading can be an incredibly powerful and flexible fit for busy mothers, whether they are stay-at-home, part-time, or full-time working parents.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently!
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
Trading Offers Flexibility: You can trade on your own schedule, fitting it around nap times, pre-market, or evenings for planning.
Low Barrier to Entry: Trading doesn't require a financial degree, and success is achievable through self-teaching and online resources.
Start Small and Safe: Begin with paper trading (simulated money) and use reliable prop funding companies or trade small positions to limit financial risk initially.
Financial and Personal Empowerment: Trading offers potential for an independent income stream and generational wealth, while also providing intellectual stimulation and a sense of personal accomplishment.
Importance of Community: Actively pursue a strong, supportive online community or close trader friends to share strategies and help with emotional challenges.
Prioritize Risk Management: Trading is hard and carries significant risk of loss. Always have a protective stop loss and prioritize tight risk management to ensure longevity.
Episode Breakdown with Timestamps
[00:00:00] - Becky highlights how her trading pursuit models independence, dedication, and persistence for her children
[00:01:15] - Becky shares her trading background and discusses the challenges of balancing rewarding but exhausting parenting with the need for a personal, intellectual pursuit.
[00:04:00] - The advantages of flexible hours, the ability to scale time commitment as children age, and how self-teaching reduces the barrier to entry.
[00:07:44] - How starting with paper trading, small capital, and utilizing prop funding companies reduces initial financial risk.
[00:10:49] - The benefits of an independent income stream, boosting household income, and the mental stimulation and growth challenges trading provides.
[00:15:32] - Trading as a source of personal accomplishment, boosted self-confidence, and the need for supportive online trading communities.
[00:24:02] - Addressing the difficulty of emotional highs/lows, time conflicts with parenting, and the significant risk of losing money without proper risk management.
[00:31:12] - Warning against comparing your learning pace to traders who have more free time, emphasizing the need for self-grace, and encouraging finding supportive friends or mentors.
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#MomTraderLife #MarketMamas #FuturesTrading #TradingForMoms #WorkFromHome #FinancialEmpowerment #TradingPsychology #IndependentIncome #LadyTrader #financialfreedom
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
In this episode of the Market Mamas podcast, host Becky Gaskell welcomes Richard Weissman, a trading veteran who started his career on the exchange floor in 1987. Richard, a startup CTA with products like Return in Alpha and Tara, brings decades of wisdom, discussing his journey from the market crash of '87 to his current role overseeing risk for algorithmic models. The conversation dives deep into the philosophy of risk management, finding the "sweet spot" for aggressive yet calculated trading, and his "casino paradigm" for consistent success, which he details in his book, Trade Like a Casino.
Get your copy of Trade Like a Casino today: https://amzn.to/4oha4TI
👉 Love the show? You can now support Becky by buying her a coffee!
https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
- To balance risk and reward, Richard accepts 20-30% drawdowns for the potential of triple-digit returns (100%+) in a strong year.
- Success in trading, like in a casino, relies on two pillars: a positive expectancy model and strict risk management to prevent catastrophic loss.
- For highly correlated assets like major equity indices, manage them as a single, unified risk basket with one higher risk ceiling, rather than individual assets.
- Richard's scaling technique involves entering small, adding on pullbacks, taking partial profits at your goal, and trailing the stop on the remainder of the position.
- Richard's models are built on the twin concepts that markets trend and offer great risk/reward and that low-volatility consensus is unstable, leading to high-volatility breakouts.
- The most common paths to failure are breaking risk limits and system hopping during a cold streak; therefore, emotional persistence and a long-game mindset are key to success.
Episode Breakdown with Timestamps:
[00:00:00] Discussion on finding the "sweet spot" between risk management and earning enough. Introduction of guest Richard Weissman.
[00:03:54] Learning on the floor of an exchange trading NYSE Composite Index (knife futures) and the CRB Index.
[00:08:47] Using risk ceilings between positively correlated assets as a de facto hedge.
[00:18:21] The combined power of probability skew and table limits (risk management).
[00:25:19] Richard’s two major concepts: markets trend (e.g., Nasdaq, Gold, Silver) and low volatility consensus is unstable.
[00:35:44] Explaining the cyclical nature of volatility—from low vol consensus to high vol trending, and back.
[00:43:22] Advice to his former self: look for the casino paradigm, asymmetry in risk and reward, and opportunities to risk a little to make a lot.
[00:48:02] The power of positive self-talk to let go of negative inner dialogue and build confidence.
🔗 Follow Guest Richard Weissman:
👉 LinkedIn: https://www.linkedin.com/in/richard-weissman/
👉 Email: richard@weissmanconsulting.com
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#RiskRewardSweetSpot #PositiveExpectancy #CasinoParadigm #TradingPsychology #ScalingPositions #MarketTrends #RiskManagement #TradingSuccess #MarketMamas #TraderJourney #TradingStrategy
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this installment of the "Learning from Legends" segment on Market Mamas, host Becky Gaskell studies the life and radical philosophies of Ray Dalio, one of the most legendary traders and thinkers in modern finance. Beyond just the markets, Dalio is a champion of personal growth, radical honesty, constant learning, and owning your mistakes.
Becky explores Dalio's journey, from his first investment at age 12 to founding Bridgewater Associates - the world's largest hedge fund - out of a small New York apartment in 1975. You'll learn about his global macro investing style, which focuses on big-picture trends like inflation and geopolitics.
Get Dalio’s Principles for yourself today: https://amzn.to/3KGWYRu
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently!
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
Embrace Failure as a Teacher: Every failure is a valuable part of the trading journey and a fundamental to understanding for a trader.
Diversification is Key: Diversifying well is the most important thing you can do to reduce risk without reducing return, and is the cornerstone of Dalio's holy grail strategy.
Systematize Your Thinking: If you can't write your strategy down as a system or set of principles, you probably don't understand it..
Push Your Limits: If you're not failing, you're not pushing your limits, and you are not maximizing your potential.
Episode Breakdown with Timestamps
[00:00:00] - Becky introduces the Market Mamas podcast, sharing her trading philosophy and background in US-based Futures Day trading.
[00:01:18] - Introducing Ray Dalio: The segment introduces Ray Dalio, a legendary trader and thinker, covering his humble beginnings and education at Harvard.
[00:02:39] - The Birth of Bridgewater Associates & Investment Style: Dalio started Bridgewater Associates in 1975 and became a global macro investor trading based on big-picture economic and geopolitical trends.
[00:04:12] - The All Weather Portfolio & Diversification: Dalio is a pioneer of the All Weather Portfolio, which uses a specific asset allocation to perform well in any economic climate.
[00:07:27] - Radical Transparency and Honesty: Bridgewater is known for its unique culture of radical transparency and honesty, where open and tough feedback is expected among employees.
[00:13:45] - The Power of Pushing Limits: Becky highlights Dalio's belief that "If you're not failing, you're not pushing your limits," advocating for measured experimentation and leverage for growth.
[00:16:35] - Open-Mindedness and Overconfidence: Dalio's wisdom stresses open-mindedness and curiosity, warning that overconfidence can lead to failure.
[00:20:46] - Wrap-up and Outro: The host wraps up the segment by thanking listeners and encouraging them to stay curious and diversified.
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#RayDalio #BridgewaterAssociates #AllWeatherPortfolio #TradingPrinciples #GlobalMacro #RiskManagement #HedgeFund #MarketMamas #FuturesTrader #DayTrader #TradingStrategy #TraderLife #StockMarket #LearningfromLegends
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this engaging conversation on the Market Mamas Trader Psychology podcast with host Becky Gaskell, Joy Charitoo shares her journey as a trader and entrepreneur, emphasizing the importance of emotional resilience, community support, and mindset in trading. The discussion covers the challenges traders face, the impact of social media, and the significance of self-care and grounding practices.
Joy, aka Your Forex Bestie, encourages aspiring traders to keep going despite setbacks and highlights the need for a supportive trading community. The episode concludes with empowering advice for traders to believe in themselves and their systems, reminding listeners that trading is as much about personal growth as it is about financial success.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers.
https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
Trading is a journey that involves learning and growth.
Emotions play a significant role in trading decisions.
Having a support system is crucial for success in trading.
Social media can impact traders' perceptions and mental health.
It's important to find a trading community that aligns with your values.
Mindset and psychology are key components of successful trading.
Taking breaks from trading can help maintain mental clarity.
It's okay to experience setbacks; they are part of the journey.
Building confidence in your trading system takes time and practice.
Self-care and grounding practices can enhance trading performance.
Episode Breakdown with Timestamps:
00:00 Introduction to Trading Journeys
02:47 The Path to Becoming a Trader
05:47 Navigating Emotions in Trading
09:00 Overcoming Challenges and Setbacks
11:45 The Role of Support Systems
14:49 Building a Trading Community
17:39 The Impact of Social Media on Trading
19:58 Finding Balance in Trading and Life
21:37 The Importance of Mindset in Trading
24:45 Advice for Aspiring Traders
27:21 The Journey of Self-Discovery in Trading
30:35 Final Thoughts and Encouragement
🔗 Follow Joy Charitoo, Your Forex Bestie here:
👉 Instagram: https://www.instagram.com/joycharitoo
👉 TikTok: https://www.tiktok.com/@your_forexbestie
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#MarketMamas #ForexTrader #TraderJourney #DayTrading #RiskManagement #FuturesTrading #TradingTips #TraderLife #TraderPsychology #Forex #Resilience #FaithoverFear
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this episode of Market Mamas, host Becky Gaskell explains how mindset, energy, and the Law of Attraction influence your day trading journey and outcomes. While the concept may sound overly spiritual, Becky explains how it realistically impacts your trading mindset, decision-making, and emotional state related to your business as a trader. It's not about manifesting wins but about creating the optimal mindset that allows traders to stick to their systems, stay disciplined, and manage losses effectively. Join Becky today as she reviews how she always strives to manage her vibe daily for greater success as one part of a powerful trading approach.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently!
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
- Begin each day by visualizing yourself executing your system with confidence, calm, and focus.
- Stay grounded and follow your system’s rules—avoid emotional swings.
- After your trading session, reflect and be grateful, focusing on the process, not just the outcome.
- Use affirmations to reinforce your mindset—focus on being the growing dedicated trader you are today, not just imagining your future grandiose success.
- Recognize the importance of emotional self-regulation in the face of wins and losses.
Episode Breakdown with Timestamps:
[00:00:00] - Introduction to the Law of Attraction in Trading - Becky discusses how mindset and emotional state affect trading. It’s not about manifesting magical wins but creating a mental state that attracts consistency and discipline.
[00:04:07] - Mindset in Trading - Becky discusses how a confident, calm mindset aids traders in staying patient, avoiding FOMO, and making thoughtful decisions. The right energy is key to long-term success.
[00:07:47] - The Importance of Education & Mentorship - Becky talks about the necessity of studying, journaling trades, and learning from mentors. Relying solely on positive energy without solid systems and skills is a dangerous approach.
[00:13:07] - Journaling and Reflecting on Your Day - The importance of journaling trades and acknowledging the effort put into executing your trading process, regardless of whether you win or lose.
[00:17:20] - Visualizing Your Ideal Trading Self - Becky encourages listeners to visualize themselves as calm, focused traders who execute their system. The importance of aligning your mindset with your trading goals.
[00:22:13] - Finding What Works for You - Suggestions on what to do when you’re stuck in a low-vibration state, including taking a break, engaging with loved ones, or reconnecting with nature.
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#DayTradingMindset #LawOfAttraction #TradingPsychology #TraderMindset #HighVibesTrading #ConsistencyInTrading #EmotionalDiscipline #GratitudeInTrading #MarketMamas #FuturesTrader #ConsistentlyProfitable #TraderLife #TradingHack
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this episode of Market Mamas, host Becky Gaskell interviews Chinonso, a Nigerian-based trader with years of experience trading forex. This conversation explores Chinonso's trading journey, his evolution from trading based on emotion to developing a robust strategy, and his advice for new traders.
👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
- Chinonso's Trading Journey: He was inspired by online advertisements but nearly quit after a series of losses before finding a key mentor.
- Building a Sustainable Strategy: A successful strategy must be refined through different market cycles, and a trader must be able to adapt and evolve.
- The Importance of Reading: Reading books like The Psychology of Money and Trading in the Zone helps fast-track a trader's growth.
- Discipline and Breaks: Discipline in all aspects of life is crucial for a consistent mindset, and taking breaks helps avoid frustration and emotional decisions.
Episode Breakdown with Timestamps:
[00:00:00] - Becky introduces the guest, Chinonso, a forex trader from Nigeria.
[00:04:18] - Chinonso shares his trading journey, from being inspired by advertisements to nearly quitting.
[00:07:16] - Chinonso explains how he went from emotional, random trading to developing his own strategy.
[00:09:44] - The discussion covers the need for adaptability and the idea of "evolve or die" in the dynamic market.
[00:12:11] - Chinonso explains why he believes counter-trend trading is very risky.
[00:16:10] - The conversation shifts to the importance of reading books and how it helped Chinonso.
[00:24:27] - Chinonso discusses his use of exercise and breaks to maintain a healthy mental state.
[00:28:40] - Chinonso gives his final advice to early traders, encouraging them to start small and compound profits instead of "going all in."
[00:51:59] - Final Thoughts
🔗 Follow Chinonso here:
👉 X: https: //x.com/DEGOVERNOR1001?s=09
👉 LinkedIn: https://www.linkedin.com/in/chinonso-madubuike-892203252/
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#Trading #ForexTrading #Mindset #TraderMindset #MarketMamasPodcast #TradingPsychology #TradingStrategy #TraderLifestyle #MarketMamas #FuturesTrader #PropTrader #TraderLife #TraderJourney #TraderTips
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this episode, Becky Gaskell, host of Market Mamas, dives into one of the most volatile events in the financial world: the FOMC. Despite the common advice from trading mentors to "stay away," Becky shares her personal and meticulously researched journey into trading these high-impact days. She reveals how she developed a unique trading system by spending years taking notes and backtesting to find a reliable pattern, including a specific pivot time. This episode is not financial advice, but a raw and honest look at the work, discipline, and passion required to find and master your own trading niche, even in the riskiest of market conditions.
👉 Love the show? You can now support Becky by buying her a coffee!
https://buymeacoffee.com/marketmamas
👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently!
If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. 👉https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
- FOMC days are high-risk, high-volatility events.
- Backtesting and note-taking are crucial for finding patterns.
- A consistent pivot point can often be found between 11:35 and 11:45 AM PST.
- Always define your risk and use a protective stop-loss.
- Practice on a simulator before risking real capital.
- There is no "holy grail" strategy; stay fluid and flexible.
Episode Breakdown with Timestamps:
[00:00:00] - Stay Present & Flexible: Becky opens the episode with a reminder to remain fluid with market conditions and shares a free audio experience for mindful trading.
[00:04:10] - What is FOMC? A brief explanation of the Federal Open Market Committee and how its interest rate announcements can impact global markets.
[00:09:10] - The Importance of Showing Up for the Work: The episode highlights how showing up and studying patterns allows a trader to see things more clearly over time.
[00:16:02] - The Trader's Niche: This section discusses how Becky's FOMC strategy is a prime example of how traders can find and develop their own unique niche in the market.
[00:17:39] - Chart Example 1: Becky breaks down her specific entry and exit on a June FOMC chart, demonstrating her strategy in action.
[00:25:52] - Chart Example 2: She walks through a second, more recent chart from a July FOMC day, showing how she executed her plan.
[00:32:49] - Final Thoughts on Risk & Profit: Becky concludes her chart analysis with a reminder that managing risk and protecting your account is more important than chasing a profit goal.
[00:35:01] - Call to Action for Aspiring Traders: Her final advice to anyone interested in trading FOMC: backtest, use replay mode, and practice before risking any capital.
[00:38:38] - Live Life to the Fullest: A final, passionate message about living your life, embracing your unique personality, and pursuing your interests with dedication.
🔗 Host LinkedIn:
👉 Becky Gaskell - https://www.linkedin.com/in/becky-gaskell-market-mamas/
🔗 More from Market Mamas:
👉 Website: https://www.market-mamas.com/
👉 MM Merch Store: www.market-mamas.com/mm-merch
👉 Instagram: https://www.instagram.com/mm_marketmamas
👉 Facebook: https://www.facebook.com/profile.php?id=61551100341049&mibextid=b06tZ0
👉 TikTok: https://tiktok.com/@market.mamas
👉 Email: contactus@market-mamas.com
#DayTrading #TraderMindset #FuturesTrading #TradingPsychology #WomenInTrading #MarketMamas #RedDayRecovery #MindfulTrading #fomc #traderlife #riskmanagement #highvolatility #tradingstrategy
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download —------------------------------------
In this episode of the Market Mamas podcast, host Becky Gaskell talks to her good friend and fellow day trader, Peter Ku, about the two most critical aspects of day trading: strategy and psychology. Peter, a corporate lawyer as well as a day trader, discusses his journey and the key lessons he's learned over the years. The conversation highlights the importance of creating a highly specific and replicable trading plan and the deep inner psychological work, including "inner child work," necessary for consistent profitability.👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 Bulenox Trader Funding: https://bulenox.com/ Coupon Code: MMAMASThis code will get you their best available deal at any given time, even up to 91% off frequently👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg Check it out and receive a $50 off coupon just by looking at their informative PDF!Key Takeaways:-Why having a highly specific and defined trading strategy is crucial to avoid a "gambling mindset."-Understanding market conditions - imbalanced, rotational, or trending - is the first step to applying a trading setup.-The importance of a "protective stop" and "hard rules" to keep you safe when real money is on the line.-Why trading is 99% psychology and how the emotional triggers of a losing trade can mirror past traumas.-The practice of "inner child work" and "relationship hygiene" creates a safe space for trading and personal growth.Episode Breakdown with Timestamps[00:00:00] Opening Thoughts and Intro[00:03:07] The two main topics: trading strategy and psychology.[00:04:14] The importance of having a highly specific and defined trading strategy.[00:05:24] A detailed breakdown of Peter's "rhythm trade" setup.[00:18:34] Peter states that psychology is 99% of the equation for profitable trading.[00:20:25] The profound nature of "inner child work" and its connection to trading.[00:25:59] The role of "relationship hygiene" and a supportive environment.[00:31:56] Peter shares his morning routine for addressing his inner child.[00:36:38] Peter discusses AI and job uncertainty, and the value of trading as a skill for the future.🔗 More from Market Mamas: 👉 Website: www.market-mamas.com 👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/ 👉 Instagram: @mm_marketmamas 👉 Facebook: Market Mamas Facebook 👉 TikTok: Market Mamas on TikTok 👉 Email: contactus@market-mamas.com#TradingPsychology #DayTradingMindset #TraderLifestyle #EmotionalDiscipline #InnerChildWork #TradingStrategy #MindsetMatters #MarketMamasPodcast #disciplinedtrader #traderlife #tradermindset #traderpsychology #futurestrader #riskmanagement
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download —------------------------------------In this emotionally raw and honest podcast episode, Becky Gaskell, the host of Market Mamas, takes listeners through a rough trading day - one filled with challenges, psychological setbacks, and powerful reflections. Instead of following her planned interview, she shares her personal experience from a tough session in the futures market. This episode offers an unfiltered look into the emotional and psychological hurdles that traders face, even for the well-prepared and experienced. It’s a reminder that trading success isn't linear, and growth comes from showing up - even on the red days.👉 Love the show? You can now support Becky by buying her a coffee! https://buymeacoffee.com/marketmamas👉 Bulenox Trader Funding: https://bulenox.com/ Coupon Code: MMAMASThis code will get you their best available deal at any given time, even up to 91% off frequently!If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. 👉 https://www.tradingcomputerbuyersguid Check it out and receive a $50 off coupon just by looking at their informative PDF!Key Takeaways:-The emotional impact of red trading days and how to process them.-The importance of self-compassion and balance in a trading lifestyle.-Common psychological traps like revenge trading and fixed mindset thinking.-Why consistent journaling, mentorship, and community support are crucial for traders.-How to reframe trading setbacks as growth opportunities rather than failures.Episode Breakdown with Timestamps[00:00:00] - Introduction & Mindful Trading Tip - Becky opens the episode with a reminder about the importance of mindfulness and shares a free audio resource for traders.[00:03:01] - The Technical Setup & Market Misreads - Details on her market bias, trade entries, and where things started to go wrong.[00:05:04] - Common Trader Hurdles: Revenge Trading & Profit FOMO - A vulnerable look at the emotional habits that challenge her ability to hold trades or accept red ones.[00:09:20] - Why She Still Loves Trading Despite the Pain - Becky shares the fulfilling aspects of trading and the community she’s built around it.[00:12:44] - The Power of Trader Support Networks - How a friend helped pull her out of a negative spiral and reminded her of her worth and progress.[00:15:40] - Balancing Life and Trading - Why embracing family moments matters as much as - or more than - the day's P&L.[00:17:26] - Final Thoughts: Growth Through Red Days - Becky closes with encouragement for fellow traders: keep pushing, stay grounded, and give yourself grace.🔗 Host LinkedIn: 👉 Becky Gaskell - https://www.linkedin.com/in/becky-gaskell-market-mamas/🔗 More from Market Mamas: 👉 Website: https://www.market-mamas.com/👉 MM Merch Store: www.market-mamas.com/mm-merch👉 Instagram: https://www.instagram.com/mm_marketmamas👉 Facebook: https://www.facebook.com/profile.php?id=61551100341049&mibextid=b06tZ0👉 TikTok: https://tiktok.com/@market.mamas👉 Email: contactus@market-mamas.com#DayTrading #TraderMindset #FuturesTrading #TradingPsychology #WomenInTrading #MarketMamas #RedDayRecovery #MindfulTrading #traderlife #redday #lessonslearned #growthmindset #daytrader #traderlife #redday #lessonslearned #growthmindset #daytrader #traderjourney
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.
👉 https://www.market-mamas.com/audio-tracks-download
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In this episode of the Market Mamas, host Becky Gaskell goes deep into the emotional and psychological side of trading with guest Alex Morgan, a UK-based trader and performance mindset coach. With over a decade of trading experience across forex, gambling markets, and longer-term investing, Alex brings valuable insights into how emotional triggers, habits, and personal development can make or break a trader’s journey. This conversation explores how to manage emotions, develop routines, and approach trading as both a performance discipline and a path to personal growth.
👉 Love the show? You can now support Becky by buying her a coffee!
https://buymeacoffee.com/marketmamas
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👉 Bulenox Trader Funding: https://bulenox.com/
Coupon Code: MMAMAS
This code will get you their best available deal at any given time, even up to 91% off frequently
👉 Special Offer: Mention “Market Mamas” when booking a 10 session coaching package with Alex to receive 10% off!
👉 If you find that now is your time to upgrade your trading setup, I highly recommend this incredible resource from a leader in trading computers. https://www.tradingcomputerbuyersguide.com/market-mamas-eztc-tcbg
Check it out and receive a $50 off coupon just by looking at their informative PDF!
Key Takeaways:
- Why emotional triggers from your past can sabotage your trading performance.
- The importance of pre- and post-market routines for consistent execution.
- How to cultivate emotional neutrality—avoiding both over-celebrating wins and overreacting to losses.
- Why lifestyle factors like sleep, exercise, and meditation directly impact trading outcomes.
- How to build trading longevity without burning out or becoming financially overdependent on trading.
Episode Breakdown with Timestamps
[00:00:00] Opening Thoughts on Trading’s Failure Rate
[00:02:20] Alex’s Trading Journey - From forex to gambling markets, Alex shares his diverse trading background.
[00:04:37] Underestimating the Work Behind Trading - The myth of “just find a strategy” vs. the reality of making it your own.
[00:08:00] Neutrality in Trading - Why treating wins and losses equally is key, and practical analogies.
[00:10:30] Coaching Insights: Emotional Triggers - Childhood memories, subconscious programs to reduce emotional reactivity.
[00:19:19] The Power of Pre- and Post-Market Routines - Preparing for peak performance and transitioning back to everyday life.
[00:28:29] How Trading Improves Life Beyond the Charts - Using trading as a mirror for personal growth.
[00:37:24] Starting Meditation for Traders - Alex’s step-by-step advice for building a sustainable meditation habit.
[00:43:48] Flow State & Focus - Avoiding multitasking and daydreaming, and structuring your environment.
[00:51:36] Closing Thoughts & Accessing Alex’s Coaching - Final insights on emotional work in trading and how to connect with Alex.
🔗 Follow Alex Morgan here:
👉 X: https://x.com/alexmorgan1923
👉 LinkedIn: https://www.linkedin.com/in/alex-morgan-performance/
🔗 More from Market Mamas:
👉 Website: www.market-mamas.com
👉 LinkedIn: https://www.linkedin.com/in/becky-gaskell-market-mamas/
👉 Instagram: @mm_marketmamas
👉 Facebook: Market Mamas Facebook
👉 TikTok: Market Mamas on TikTok
👉 Email: contactus@market-mamas.com
#TradingPsychology #DayTradingMindset #TraderLifestyle #EmotionalDiscipline #FuturesTrading #MindsetMatters #MarketMamasPodcast #PeakPerformanceTrading #marketmamas #disciplinedtrader #traderlife #traderpsychology #longtermgoals #daytrader #tradingstrategy
Download Becky's custom trading audio tracks for free and start mastering the mental game to stay focused, grounded, and in control.👉 https://www.market-mamas.com/audio-tracks-download
—------------------------------------
In this must read book recommendation episode from the Market Mamas Podcast, host Becky Gaskell goes deep into Annie Duke’s Thinking in Bets, a Wall Street Journal bestseller that draws powerful parallels between poker and trading. The conversation centers on improving decision-making under uncertainty, separating process from results, and cultivating a mindset for long-term trading success. Through personal reflections and practical takeaways, Becky translates Duke’s poker strategies into actionable insights for futures day traders.
Annie Duke is a former professional poker player who rose to the top of the game, winning millions in tournament earnings, including a World Series of Poker bracelet and the 2004 NBC National Heads-Up Poker Championship. Known for her sharp analytical mind, she transitioned from the poker table to the world of decision science, becoming a sought-after speaker, consultant, and author.
📙 Get the book “Thinking in Bets” for yourself: https://amzn.to/4m36kEX
👉 To join Becky in her Audible obsession, sign up!!! http://www.audibletrial.com/marketmamas
Audible offers one of the most comprehensive selections of titles available, and it’s incredibly easy to use. Becky personally listens every day to content that inspires, educates, and adds real value to her trading journey.
Bulenox Trader Funding: https://bulenox.com/ Coupon Code: MMAMASThis code will get you their best available deal at any given time, even up to 91% off frequently!
Key Takeaways:
Why resulting - judging decisions by outcomes can be dangerous for traders.
How to adopt a probability-based mindset to make better trading choices.
The value of truth-seeking and accountability groups in sharpening skills.
How emotional neutrality can protect your mental capital as much as your trading capital.
Practical tools like backcasting and pre-mortems to strengthen long-term performance.
Episode Breakdown with Timestamps
[00:00:00] Opening & Trading Mindfulness - Becky opens with a reflection on the difference between experience and learning, plus a free audio resource for mindful trading.[00:02:45] Emotional Impact of Wins & Losses - The science behind why losses hurt more, and why aiming for neutrality matters.[00:08:32] Truth-Seeking Over Bias - Staying flexible as market data changes, and avoiding the trap of defending your initial bias.[00:14:05] Learning from Every Trade - Journaling, peer review, and turning trades into compound learning experiences.[00:17:30] The Comparison Trap - How benchmarking yourself against peers can harm your trading mindset.[00:24:16] Planning & Calibrating Decisions - The dangers of overconfidence and the importance of trade plans.[00:27:30] Backcasting for Long-Term Goals - Visualizing future success and mapping backward to daily actions.[00:29:07] Closing Quote & Takeaway - Annie Duke’s final wisdom on navigating uncertainty in life and trading.
🔗 Host LinkedIn:
👉 Becky Gaskell - https://www.linkedin.com/in/becky-gaskell-market-mamas/
🔗 More from Market Mamas:
👉 Website: https://www.market-mamas.com/
👉 MM Merch Store: www.market-mamas.com/mm-merch
👉 Instagram: https://www.instagram.com/mm_marketmamas
👉 Facebook: https://www.facebook.com/profile.php?id=61551100341049&mibextid=b06tZ0
👉 TikTok: https://tiktok.com/@market.mamas
👉 Email: contactus@market-mamas.com
#TradingMindset #FuturesTrading #DayTradingTips #ThinkingInBets #AnnieDuke #TraderEducation #MindfulTrading #ProcessOverOutcome #StockMarketMindset #riskmanagement #growthmindset #successhacks