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  • The Mind of a Trader Podcast with Steve Croft

    Picture of Steve Croft

    "The most important exercise for a trader is that of the mind."

    This is Steve Croft's approach to trading. With his unique and compelling delivery, all traders can benefit from Steve's trading experiences and anecdotes to stay mentally balanced and focused.

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November 2008

MOT 69 Podcast - Start Strong, Trade Strong, Finish Strong

Monday, November 17, 2008
Duration: 17:48 min

Show Notes

Chalkboard with the words 'Set Goals' written'

Each of us needs to set goals within our personal trading programs to become successful.

We all need to know exactly what those goals mean and how to best achieve them.

It will not happen overnight, however many people seem to start strong when they decide to be a trader but then quit when things do not happen fast enough for them. Or maybe they do not start very strong, but get serious when they get into their routine of executing trades and soon become discouraged and stop doing what was working. Or maybe they finish each session strong, but that was just to recover what was lost during the rest of the time when they were not focusing on their trading strategy.

To reach a level of continuing growth as a trader, each of us must have a plan in place and then ensure that we do everything possible to begin each day very strong in our preparation steps. We must then continue to make strong confident decisions while we trader even when the results are not what we expect.

Finally, we all need to have a target each day that determines when to finish our session and be strong enough to adhere to that plan. If we keep going, it generally leads to massive losses and frustration which then stays with you until you begin to trade again. This will cause a very sour perspective of trading when you attempt to start a new session. Start Strong. Trade Strong. Finish Strong!

MOT 68 Podcast - Change Can Only Be Good When You Decide To Actually Do It

Tuesday, November 11, 2008
Duration: 15:19 min

Show Notes

Man wondering with sunlight gazed in face

No one can make you happy, sad, angry, successful or prosperous. The only one that can do this is you.

When the opportunity to change is set before us, we have a choice to implement the change or not. We can sit by and watch others or we can step forward and attempt something new ourselves.

It is never easy to change because there could possibly be a result that does not match with our expectations. That is exactly what we each need to start accepting. When you and I take responsibility for all decisions, we make a huge step forward in our growth.

Change is good when we inspire ourselves to take personal accountability for the results. We will begin to learn so much more about what we are able to do and how to exceed our goals.

Photo credit: sowurav

MOT 67 Podcast - What Do You Have On The Shelves Of Your Internal Library?

Monday, November 3, 2008
Duration: 11:38 min

Show Notes

Man in library reading

Every day we hear and see many things. What do we do with some of these pearls of wisdom? Many times we discard information almost as fast as we receive it.

The financial markets are moving so fast today. We live in a busy and chaotic world and if we want to continue to grow as a trader, we need to be prepared for challenges and opportunities that we might not be expecting.

By building an internal library of information that we can draw on at different times, we will discover that when a difficult situation arises, we will be the one that pauses and re-analyzes instead of the one that zooms forward and then wishes they had been more cautious.

Being first is not always the best when it ends up in disaster.