Trading Mindwheel

MICHAEL LAMOTHE is the Founder and CEO of Mara Wealth, a company that coaches new and experienced traders. He has over 20 years’ experience in the financial investment space as an entrepreneur, trader, and coach, and has dealt in stocks, options, forex, crypto, futures, and commodities. He is the bestselling author of The MARA Mindshift Guide.

• Foreword xiiiIntroduction xvPrelude xvThe Start of Something Life Changing xvPhilosophy of the Trading Mindwheel xxiiThe Axle Mindset: Beliefs, Belief Systems, Emotions, and Habits 1Jesse Livermore’s Story 2Mindset Is Everything 3Taking Inventory of Our Beliefs 32 A.M. Wakeup Call 4Deconstructing Beliefs and Belief Systems 6Write Your Beliefs 9Emotions and Emotionality 14The Marathon 15Healing Wounds 16When White Knuckling Fails 18Meditation Is a Marvelous Tool! 21Seek Clarity 22Equanimity 33Spoke 1 Journaling: Step One of Accountability and Continuous Improvement 35What to Journal About 37Types of Journals 44Trading Routines 46Spoke 2 Analysis: Analyzing Trades and Markets 55Three Things I Learned the Hard Way about Trading 56Analyzing Trades and Analyzing Markets 69Influences and Studies 72Fundamental Analysis: Defining Our Universe 74Defining Our Setups 86Developing a Funnel 96Analyzing Markets 96Spoke 3 Risk: Initial Capital Risk, Position Sizing, Potential Reward 107Risks Involved in Risk 109Mindsets Needed for Risking Capital 115Ways to Effectively Manage Risk 122Spoke 4 Trade Management: Managing Risk throughout the Life of the Trade 137Life Cycle of a Trade 139Beginning of the Trade 140Four Types of Exits 143When to Sell in Stages vs. When to Sell It All 154When to Add 159Dealing with Earnings Announcements 163Spoke 5 Portfolio Management: The BIG Picture and Assessing Our Total Risk 165Assessing “Portfolio Heat” 166Paul’s Story 168Setting Up Circuit Breakers 170Spoke 6 Post Analysis: Step Two of Continuous Improvement 173What to Include in Post Analysis? How Long and How Often? 174Getting Organized 176Three Habits That Will Help You Improve 179Discipline + Balance = Sustainable Success 182Spoke 7 Testing: Factor Modeling, Back Testing, and Forward Testing 187Factor Modeling 188Back Testing 192Forward Testing 193Conclusion 197Acknowledgments and Inspirations 199About the Author 201Index 203