Trading In The Zone | Money Mitch PEAK Performance Money Mitch Watchlist

Start Winning By Mastering the Mind
Welcome to Money Mitch PEAK Performance Series where psychology meets trading to get your trading game to the top level.
Resources:
The Observer - by Todd Stottlemyre
Key Takeaways:
There's waves to this gameManaging your winning and losing streaks How to keep statistics or data on your tradingYou can only stay in the zoneHow to control capital and adjust
Hosted By:
Mitch Hoch @STORYInvestors
Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.
#TradingPsychology #PEAKPERFORMANCE
Transcript:
I want to go ahead and build on our peak performance, build on our trading mentality, our psychology, so that we can all become better traders. If you guys are going through these struggles have seen these struggles or know somebody that's going through this also.

All right, guys, welcome to it. Peak performance, where we go ahead and we attend to the trading psychology and always work to get better in our execution. You know, the way this show started was really by a book, The Observed, and what it was about is, was getting to your peak performance from that level.

We can always understand that if one were trading in the zone or in peak perform. We're going to have our best trading performance. And this is just how it is in every sport. You know, you're not always at peak performance. You ha there's like kind of this wave that you have to battle, but if we can focus and try to improve and stay longer periods in time in our trading zone, we're going to see that the returns come back to us.

All right. So first things first, we're going to talk about the way of trading guys, the way. Yeah, there's waves to this game, guys. There's waves to this game. I've always said it there's levels. There's waves to the game. Hey, let's go ahead. Let's start taking a look. This is the lesson from our own trading patterns, which really matters.

I think this is what the important part of this part is, is not that this is off of anybody else's data. You should base this off of your data. So if you're not taking data off, Hey, you might as well just end this show and go get your trading journal and really get it down packed because that's worth more than just even my show.

I want you guys taking your data. So One of the key ways to judge your trading is to keep statistics or data on your trading. You know, I use trader view a lot of times because that's just a free version of keeping some data on, on paper and gives you a nice way of looking at it.

But really what we want to see is we want to see our trading patterns. We want to see that trading comes in waves. A lot of the times there's going to be times where we're doing great. You know, weeks of straight green, where you look back at your results and you're like, Hey man, I've been green for like five weeks, but then there's also going to be times where we struggle and we drop into a slump.

This is always going to happen. We have to understand that there's waves to this game and there's going to be highs and there's going to be lows. And there's also going to be streaks of on both sides, winning side and losing side. So you need to decide how to best manage this. How can we manage the way.

So one of the things that happens is that, you know, this, the pattern that we're seeing in, in both our tradings. And so one of the things that we're going to see often is that when we look at the waves of trading, I want you going back and seeing how your return is doing. So when we look here, like we're looking at right now, this chart, one of the things you want to see is how are the peak.

How are the trows, how are the bottoms of supports? Do you get that consolidation look or is it kind of a roller coaster ride up and