Trading with Awareness and Intent

This is the transcribed version of the podcast linked above ^^^

MATT: [00:00:00] Hello. I would like to talk to you about the One Minute Trader. We are here to take the time strapped trader and turn them into a profitable money making machine with daily ideas that give you, the trader on the go, a Reason to trade with risk defined and profits taken when able. I’m Matt Davio and this is the One Minute Trader Podcast


MATT: [00:00:56] Welcome back to the One Minute Trader podcast. I’m Matt Davio your host. And today I want to talk about trading with a plan the importance of being in the now and the importance of trading with intention. Yes. Yoga is making its way to the regular world in a furious pace. The regular world meeting in the United States it’s been here for a long time but it seems that everybody is talking and writing about awareness and you know what it’s actually gotten a lot of value. And today I’m going to talk about intention as it relates to re trading and having a plan for trading. So with that in mind what is a planned trade plan. Trade is one that really is guided consciously filtered according to a variety of criteria that are designed to provide a positive expectancy. The opposite of a planned trade is an impulsive one and this is one where traders enter markets before explicitly identifying what they are doing and why. And more importantly the difference between planned and unplanned trading is one of intention. So being proactive in taking control risks is intention versus being reactive to what has already occurred in the markets in other words chasing the market higher chasing the market lower which is what most people tend to do. There’s no intention in that. Even the most intuitive an active trader can trade in a planned manner. So if many of the elements of the planning are achieved prior then in other words planning planning and preparation planning and preparation. We talk about this all the time. So what are the elements of this planning and the Idei. What is the ideal situation that can help you to identify what those are in trading and if you’re going to trade with intention. So number one what are you trading. Do you know why you trade stocks do you know why you trade futures do you know why you trade commodities do you know why you trade for X because you have limited capital. Why are you selecting the one instrument to trade versus others. Have you done any homework on the volatility of said instrument. Have you done any vote on the liquidity. Have you done research before you even started trading or did you just jump in. Is there intention there. What instruments maximize reward relative to risk. Okay. These are all important questions too. The first issue here which is what are you going to trade. Number two how much are you traded. In other words how much of your capital are you going to allocate allocate to any one trade idea versus any other trade idea number three. Why are you trading. What is the rationale for the trade. What does the trade deal provide you. Where is the edge. Do you have an edge number for the trade with intention plan. What will take you out of the trade. In other words when are you wrong. What would lead you to determine that your trade idea is wrong. What would tell you that the trade has reached its profit potential. So do you have a goal in mind objectively for the trade both risk and reward. Number five where you enter the trade do you have that defined give the criteria. It may be a price it may be a time it may be an event. So given the criteria that you set what would take you out of the trade where would you execute both the entry and the exit. And this is really trading with intention. Have you thought this through before that and before the moment that you trade. And then number 6 How will you manage the trade once you’re in it. What would make you get out early before either stop on the last side or tighten the profits on the upside. What types of scenarios have you created that allow you to do that. So if you’re beginning if you’re a new trader it’s going to take some time probably to answer these questions much like a new driver. You know I’ve got three new Rick. I consider them new teen drivers 16 18 and 19. They’re all new drivers but the 19 year old has better experience than the 16 year old just because again time behind the wheel. It’s no difference for a trader. The more time that you have the easier you’re going to be able to answer these questions. So for instance before the before markets open I already know what I want it’s trade where I want to be involved short term intermediate term where the market trends are if they’re trending up if they’re turning down if they’re flat. That helps me then to use the volatility that will guide my position size and so higher volatility smaller size lower volatility. You know again lower volatility I tend to it strangely enough even trade even smaller. So keep this in mind that volatility you know is not exactly very defined for some people also so pattern recognition whatever it is that you’re using if you these are the things that you want to have when you have intention a good trade. By the way I say this all the time is not necessarily one that makes you money. It’s rather the one that has the best planning and intent. OK. So if you had this intention and are constructive and have a valid purpose for sticking to the trade then take it. So when you’re emotional and physical factors like anxiety frustration fatigue start affecting your decision making and you’re going to really struggle and you’re going to want in need this intention and in a process to come back to to trade. So if you’re in an altered state of cognitive emotional or physical bean you’re going to be less than you’re going to be less effective and more reactive. If you don’t have an intentional plan. So one of the most effective steps when you’re not in the zone is just to take a break. All right. Don’t double down don’t triple down. Take a break from the markets step away and come back to your intent. Ground yourself breathe. Don’t forget to breathe and you’ll become a better trader training yourself to become more intentional during these periods of high volatility or fatigue is an excellent strategy for building emotional resilience and it will also help you to prevent trading losses because you’re not going to overtrained and you’re going to trade with intent. So that’s it. I hope this helps. I am Matt TVO. You can write me at Matt at 1 minute trader dot tv. We hope you’re enjoying the short podcast here at the one minute trader. And if you’d like to take us up on a one hour Consols write me a one day console please write me. And by all means our five minute video. Everyday is a great way to focus on intense and having something to look at in a process and a plan every day. Matt Dave you with the one minute trader have a great day and be careful of there.


ALEX: [00:09:13] It’s time for the sports to version with athletics investment wagering.


ALEX: [00:09:22] Hi everybody is Alex from Athletics Investments I want to give you a quick update on our NHL progression system. We are 8 – 0 as of today. This is Monday December 4th. And the way this progressive system works is you choose a team that has a high likelihood of scoring early in the game because we want them to score in the first period. Ideally if they don’t score then we double our bet for the second period and then again for the third period. It’s a progression system. So far we’re no and doing really good. So we’re opening up a fund for this as well is going to be the NHL progression system fund looking for investors if you’re interested sign up at athletics best on Twitter feed on athletics investements dot com and let us know. Minute traders tend you have a good day. By.


[00:10:23] The one minute trader was developed to bring you fresh trade ideas every day of every trading week. Make sure you go sign up for and are invaluable. One minute trader daily e-mails along with our five minute video e-mails to get timely insights into evolving trade possibilities. Let one minute trader beers second set of eyes for trade opportunities that may have passed you by. We appreciate you listening today to the podcast and we hope you’ll support the show by leaving us a positive ratings on whichever platform you’re tuning in from. I’m Matt Davio and this is the One Minute Trader Podcast.

Categories: Podcast Liner Notes

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Podcast Liner Notes

(transcribed) 8 Rules to Becoming a Better Trader

8 Rules to Becoming a Better Trader This is the transcribed version of the podcast posted above ^^^ [00:00:00] Hello. I would like to talk to you about the One Minute Trader. We are here Read more…

Podcast Liner Notes

OMT Podcast – Traders of All Walks of Life Must Find What Works Best for Their Personalities [transcribed]

Traders of All Walks of Life Must Find What Works Best for Their Personalities This is the transcribed version of the podcast linked above ^^^ MATT: [00:00:00] Hello I would like to talk to you Read more…

Podcast Liner Notes

One Minute Trader Podcast – Daily Routine of a Self Employed Trader [transcribed] This is the transcribed version of the podcast posted above ^^^ [00:00:00] Hello I would like to talk to you about the one minute trader we are here to take the time strapped trader Read more…