Tradinglife With Brad Jelinek

I discuss how it’s important to understand your personal risk tolerance. You can’t have market declines outside of your trading ruin your mindset and make you emotional. Proper planning can prevent this.

I discuss a few really important questions to prepare for each trading day. What would be the biggest surprise today? What kind of personality is the market showing lately?

I talk about conducting yourself like a professional when asking questions and when you are having success or struggling. It’s important to approach others with awareness and care.

I talk about how you don’t have to buy on the first big down day and how it’s important not to let the external market influence your internal market.

I talk about how during a sports bet there is a defined ending point but during a trade if you don’t create an ending point it can be a continuous thing. That can be very dangerous if you don’t know where you’re wrong.

Today I talk about what it’s like to have a shit day because It happens and the best thing I did was a little bit of damage control by taking a nap.

I discuss how your momentum is your most precious asset. Sometimes the first loss psychologically doesn’t feel so bad but that doesn’t mean you shouldn’t take it just as seriously.

There are no shortcuts. Pain and experience are part of the process. Nobody else can save you with their system but you can certainly learn a lot from other people. The faster you figure out you need to make a system your own, the quicker you can move toward success.

I share a personal story about my health and some of the lessons I’ve learned over the years.

I talk about some strategies to keep yourself productively distracted instead of over trading. I also discuss what time frames I use when I trade.

When you’re clear there is no choice. If you are stuck choosing then it may be a sign of confusion.

I think eating keto is fixing me. I’ve been battling this all my life.

I discuss two different modes of your brain and how things like walking, driving, and other activities can put you into a more intuitive state, which can provide some great realizations.

Where will you continue to face the same problems? Build a system around it to save yourself.

I go through a typical day for me in terms of how I spend my time and what I worked on related to personal development and also the market.

Despite having learned the lesson many times I mixed two time frames and got stuck with a position at a bad price.

I discuss why it can be difficult to increase your size just based on a good run and why it’s more important to cut your size when you’re struggling. If you are focusing on your process then your size goes up automatically when it’s time.

I discuss how I stay focused on my longer term goals even when the day to day can distract me from them.

I talk about the importance of knowing yourself before a probabilistic outcome causes you to panic. If you know that you can take worst case outcome then it will be easy to figure out how to structure the trade.

Conviction is essential to trading and investing successfully. Take the time to learn about yourself and what makes you unique because that will serve you well along this path.