In this episode, Market-Mama Kendra discusses her experiences as futures day trader, focusing on the challenges and lessons learned throughout the week. Kendra shares her trading recap, emphasizing the importance of mindset and psychology in trading, saying "Every day felt like a test." Kendra and Becky explore the significance of maintaining a defensive approach during tough market conditions and the necessity of having a solid trade management plan. The conversation highlights the reality of trading, where maintenance weeks are just as important as big wins, and the importance of showing up and trying in the long game of trading.
Key Takeaways
-Trading is a challenging pursuit that requires resilience.
-Mindset and psychology play crucial roles in trading success.
-Every trading week can feel like a test of skills.
-Small wins can accumulate to significant gains over time.
-Journaling helps traders stay aware of their emotions.
-Trade management plans should be predetermined before entering trades.
-Physical reminders can help traders stick to their plans.
-Maintenance weeks are essential for long-term success.
-The journey of trading is about continuous learning and adaptation.
Thanks for being with us at our Market Mamas community!

The following Market Mamas episode is mentioned in this episode:
Week with A Real NASDAQ Futures Day Trader |Continuous Improvement & Navigating Challenges| 2024
https://youtu.be/CrGIlhWhAJc

How to Become a Consistently PROFITABLE Trader | Expert Advice | 2024
https://youtu.be/nMXXg7i641M

Recognize & Target Your Trading Limitations Head-on 2024 [Advice from an Expert]
https://youtu.be/S8nWX8v5138

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