TJ 120: Mentors and Mindsets

  For those new to trading, the concept of a mentor can easily be dismissed. You've paid for classes, read the books, and watched videos on how this trading thing works. You've got this, and don't need any further assistance. ...do you really have trading down, though? Why is it that you're barely breaking even? ...or perhaps you just can't quite get your timing down for executing options trades. Whatever the case may be, a mentor can be invaluable in helping raise your trading game to the next level and clear whatever hurdle you're currently facing. Mentors can also help with another important aspect of trading: mindset. Despite outward appearances, trading isn't easy. It can be mentally exhausting searching for good trades. It requires discipline to keep to your personal trading rules whether you're having an up day or a down day. ...and you need focus to keep the end goal in mind instead of trying to find that one improbably huge home run. In this episode, Tim and Matt discuss the important role mentors play in learning how to trade and in building the right mindset for trading. You can get lost in the details while learning the basics, and a mentor can also help you keep an eye on the big picture. The coaches also cover the seasonal impacts of Thanksgiving and Christmas on the markets.