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Jul 31, 2026, 04:59:31 PM → Jul 31, 2026, 06:07:25 PM · 1h 6m 1s · 1,092 events

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0:001:06:01

500 of 500

0:00deepgram · final+9.4s"For us okay before we get the recording going. So if anybody could give us a"

0:04deepgram · final+6.5s"shout out and let us know that we are"

0:07deepgram · final+7.3s"coming through alright."

0:10deepgram · final+6.3s"Would be great."

0:11deepgram · final+10s"Anybody?"

0:15deepgram · final+9.7s"They can't hear you. I don't know. Maybe they can't."

0:18deepgram · final+9.6s"Oh, I can see you. Look at that butterfly. You can see us. Can you hear us?"

0:23deepgram · final+9.7s"Yeah. I can hear you. All right. Thank you. Okay."

0:28deepgram · final+8.1s"Okay. Let me get the recording started."

0:32deepgram · final+9.9s"As we continue to do our Fumble Friday sessions"

0:36deepgram · final+7.1s"from our screened in porch and"

0:38deepgram · final+9.6s"y'all can't see all the beautiful flowers we have over on this side"

0:42deepgram · final+8.7s"Okay. Start the recording. Okay. Sorry."

0:46deepgram · final+10s"Alright. So welcome to another Fumble Friday. I have"

0:50deepgram · final+9.8s"course, I'm Ted. I'm Diane. And as you all know, we are the"

0:54deepgram · final+7.8s"warrior trading psychology team."

0:57deepgram · final+10s"I'm here to talk to you about all things related to the"

1:01deepgram · final+10.0s"psychology of trading and how to deal with emotions that come up in trading."

1:05deepgram · final+9.7s"If you haven't been with us, this session is"

1:08deepgram · final+8.5s"is dedicated to emotions and trading. So"

1:12deepgram · final+9.8s"feel free to ask any questions even if it's not related to our"

1:16deepgram · final+9.7s"but keep the keep the questions more on the"

1:20deepgram · final+9.4s"or emotion driven side rather than, like,"

1:24deepgram · final+10s"the technicals. Right. Because that's not our area of expertise, is it?"

1:29deepgram · final+9.1s"So this week, we're we're coming to you with a presentation on"

1:33deepgram · final+9.7s"hope, positivity, and the dangers of magical thinking."

1:37deepgram · final+9.8s"And this week, I know, at least with some of the traders that I've been working with,"

1:42deepgram · final+9.0s"one of the things that seems like it"

1:47deepgram · final+8.3s"it seems like it's been up for people is kind of"

1:50deepgram · final+7.6s"feeling very, like,"

1:53deepgram · final+9.6s"sort of hoodwinked by the market, you know, like,"

1:56deepgram · final+7.5s"having experiences where, you know,"

2:00deepgram · final+9.3s"what they're really expecting to happen wasn't happening."

2:03deepgram · final+7.4s"But, also, you know,"

2:06deepgram · final+8.6s"hot, cold, hot, cold, when things start moving feeling like"

2:10deepgram · final+9.8s"either I have to seize this opportunity or maybe putting more on it than"

2:14deepgram · final+9.7s"than you really should or, like, wow. I'm I'm up a lot."

2:18deepgram · final+5.9s"You know?"

2:19deepgram · final+9.7s"I wanna keep writing this. I wanna get the most I can out of it."

2:23deepgram · final+6.0s"And so"

2:24deepgram · final+7.5s"we wanna kind of focus on"

2:27deepgram · final+10s"those sort of runaway thoughts, those those thoughts that are driven by a"

2:32deepgram · final+6.1s"emotions that"

2:33deepgram · final+9.9s"can take you into the place of magical thinking or"

2:38deepgram · final+9.9s"holding and hoping. Right. So we're going to share"

2:43deepgram · final+13s"a quote. Actually, this is a poem, by Emily Dickinson. Do you wanna do a poem or meditation? I'm gonna I'm gonna read the poem today because"

2:51deepgram · final+9.8s"say that. You had a I think you had a folder or something last time, and"

2:54deepgram · final+9.7s"and so I I led the meditation. This is actually a favorite one. We"

2:58deepgram · final+9.4s"near Amherst, Massachusetts. So for for us, Emily is a"

3:03deepgram · final+9.5s"she's our, you know, local historical poet."

3:07deepgram · final+9.4s"We can go to Emily Dickinson house and see stuff. Yeah. We can also, like, the"

3:12deepgram · final+9.4s"like, everything is hope and feathers everywhere."

3:15deepgram · final+10.0s"But we really like this poem, and I think it really, really relates well"

3:19deepgram · final+10s"with with what people experience or can experience"

3:23deepgram · final+6.0s"in trading."

3:24deepgram · final+7.9s"Hope is the thing with feathers."

3:27deepgram · final+7.6s"Hope is the thing with feathers."

3:30deepgram · final+6.9s"Perches in the soul."

3:32deepgram · final+8.9s"And sings the tune without the words and never stops at all."

3:37deepgram · final+7.2s"And sweetest in the gale is heard,"

3:40deepgram · final+6.3s"and sore must be the storm."

3:42deepgram · final+9.2s"They quit abashed the little bird that kept so many warm."

3:46deepgram · final+7.9s"I've heard it in the chillest land."

3:49deepgram · final+6.8s"And on the strangest sea."

3:51deepgram · final+7.5s"Yet never an extremity."

3:54deepgram · final+6.8s"It asked a crumb of me."

3:58deepgram · final+5.9s"Yeah. We"

3:59deepgram · final+9.6s"we've loved this poem for a long time, and it's you know, and I think about it"

4:04deepgram · final+8.2s"and especially that last line, you know,"

4:07deepgram · final+6.9s"it never asked a crumb of me."

4:10deepgram · final+9.8s"Especially in extremity. Right? Right. You know? And that really makes"

4:14deepgram · final+6.5s"made both of us think about"

4:16deepgram · final+8.9s"Holding a trading. Yeah. About trading. Right? Because"

4:20deepgram · final+10s"there's a lot of extremity. There's a lot of"

4:24deepgram · final+9.9s"emotionality. There's emotional hijack."

4:27deepgram · final+6.7s"And in those times,"

4:29deepgram · final+8.6s"you know, hope does show up like this"

4:34deepgram · final+6.2s"this little bird that can"

4:36deepgram · final+9.3s"keep you warm, you know, keep you in this sense of"

4:39deepgram · final+10.0s"coziness, but but almost under under the spell of that"

4:42deepgram · final+7.5s"or in the trance of that. Right. And"

4:45deepgram · final+7.2s"and you have to really be careful with it then."

4:49deepgram · final+10s"I realized that I that I brought another slide into this later that"

4:53deepgram · final+9.6s"brings us back to the bird theme. So we'll we'll be coming back to that. I didn't realize"

4:58deepgram · final+9.7s"when I was putting it together that I that that that happened, but now I see."

5:04deepgram · final+8.0s"And so when you are thinking about your own trading,"

5:07deepgram · final+9.5s"thinking about, you know, one thing that I really encourage traders to think about"

5:12deepgram · final+6.4s"is how can I come back to my center"

5:14deepgram · final+9.4s"How can I come back to a sort of middle path"

5:17deepgram · final+8.4s"you know, really trading with a"

5:20deepgram · final+7.6s"really trading"

5:23deepgram · final+10s"in the way that in a way that I can stand behind?"

5:27deepgram · final+9.4s"That I can feel good about, that I can even no matter if it if the trade goes against"

5:31deepgram · final+8.7s"me or not, if I end the the day rag or green,"

5:35deepgram · final+6.1s"What"

5:36deepgram · final+7.7s"what actions do I need to take"

5:39deepgram · final+8.7s"to feel good after the fact about what I've done? Right."

5:43deepgram · final+6.4s"And so it's"

5:45deepgram · final+6.7s"you know, we think about"

5:47deepgram · final+9.8s"you know, people coming into trading and and hope is a big"

5:51deepgram · final+6.8s"part of that, you know, that"

5:55deepgram · final+6.3s"yeah, you have a lot of"

5:57deepgram · final+9.2s"you know, positive thinking, a lot of hope around what"

6:00deepgram · final+9.5s"You took my picture out. I didn't think I think that was I thought that was one that we"

6:05deepgram · final+9.8s"No. That was a picture from PEI. Oh, it was? Yeah. Oh, okay. We we"

6:10deepgram · final+9.3s"we're trying to just use our own pictures and Diana put one up that I thought was like"

6:15deepgram · final+9.3s"A stock image? A stock image. It was should move that."

6:18deepgram · final+9.3s"Beautiful. Yeah. I'm sorry. Was so so pretty, Ted thought it was a stock image. Yeah."

6:23deepgram · final+9.4s"Well, it will be at the end of the of the presentation. So over"

6:27deepgram · final+9.4s"see it late. Get to see it later. Sorry about that."

6:31deepgram · final+9.5s"So, yeah, coming into trading, and there is a lot of hope and optimism"

6:36deepgram · final+5.8s"and"

6:38deepgram · final+6.4s"you know, the way that"

6:40deepgram · final+7.0s"as the poem speaks to"

6:42deepgram · final+7.6s"it's an important ingredient"

6:45deepgram · final+6.8s"but it can't be"

6:47deepgram · final+6.0s"the"

6:48deepgram · final+7.6s"the quality to do the heavy lifting."

6:51deepgram · final+8.6s"You know, it's you know, the the necessity to really show up"

6:57deepgram · final+5.9s"You know,"

6:59deepgram · final+8.3s"with really thoughtful effort, you know, to to sort of"

7:02deepgram · final+6.5s"you know, meet hope."

7:04deepgram · final+10.0s"So that, you know, all of that optimism"

7:07deepgram · final+7.6s"you know, can can be based more on"

7:10deepgram · final+9.7s"really sound decision"

7:13deepgram · final+7.7s"Yeah. And we're gonna talk more about Mhmm. About"

7:17deepgram · final+9.3s"how how to be with hope and how to use it more effectively to make it more"

7:22deepgram · final+9.4s"adaptive. Yeah. So Ted is on some meditation."

7:26deepgram · final+9.8s"So you can settle back into your chair or"

7:31deepgram · final+7.3s"however you're situated, get comfortable"

7:34deepgram · final+9.3s"As you're ready, you can either close your eyes or have them open with that"

7:38deepgram · final+6.8s"soft gaze. Either one is fine."

7:41deepgram · final+8.0s"And just let yourself begin to breathe."

7:49deepgram · final+9.3s"Allowing everything to start slowing down inside of you."

7:55deepgram · final+9.8s"And really allowing your attention"

7:59deepgram · final+6.9s"to begin to turn more inward"

8:05deepgram · final+7.7s"tuning into the body and the breath."

8:11deepgram · final+8.5s"I'm really beginning to more fully notice"

8:15deepgram · final+7.5s"all those subtle sensations of breathing."

8:23deepgram · final+7.4s"Feeling of air moving through you."

8:26deepgram · final+9.8s"There you"

8:29deepgram · final+8.8s"expansion and contraction in your chest and belly with each breath you take."

8:38deepgram · final+9.9s"Each breath continuing to slow all the"

8:43deepgram · final+6.1s"thinking down"

8:44deepgram · final+8.8s"and really allowing yourself"

8:48deepgram · final+7.1s"to become increasingly present"

8:54deepgram · final+8.0s"Here in your body, here in this moment,"

8:57deepgram · final+7.4s"Just breathing."

9:03deepgram · final+9.4s"And as other thoughts are"

9:08deepgram · final+6.5s"distractions might arise,"

9:11deepgram · final+9.3s"with the inhale of your breath, you can just gently acknowledge them"

9:15deepgram · final+8.8s"And with the exhale, letting them go."

9:21deepgram · final+8.2s"Coming back to just"

9:24deepgram · final+8.6s"the simplicity of the breath."

9:28deepgram · final+8.9s"The simplicity of just being here."

9:39deepgram · final+9.3s"And as you continue to breathe in this way,"

9:43deepgram · final+9.8s"noticing any places in your body that might be holding stress"

9:48deepgram · final+5.8s"or tension."

9:49deepgram · final+9.5s"Just"

9:52deepgram · final+8.4s"gently breathing into those places and offering"

9:57deepgram · final+6.9s"some encouragement"

9:59deepgram · final+7.0s"those places to begin to"

10:02deepgram · final+9.3s"relax and let go."

10:11deepgram · final+9.7s"Allowing that stress, allowing that tension to flow out of you would"

10:16deepgram · final+6.2s"each exhale of your breath."

10:23deepgram · final+8.5s"Each exhale, letting go a little bit more."

10:28deepgram · final+8.3s"Letting go of the stress."

10:32deepgram · final+7.2s"Letting go of the tension,"

10:34deepgram · final+7.2s"letting go of"

10:37deepgram · final+7.8s"anything you don't need to be holding on to right now."

10:45deepgram · final+9.1s"So we really are able to just come more and more"

10:49deepgram · final+8.9s"into this present present moment."

10:53deepgram · final+7.0s"Into this being here."

11:04deepgram · final+9.8s"And as you breathe,"

11:07deepgram · final+6.7s"allowing yourself to"

11:09deepgram · final+9.7s"drop into just a little bit deeper"

11:13deepgram · final+6.7s"space of connection."

11:16deepgram · final+6.3s"Within yourself."

11:20deepgram · final+8.8s"Turning towards yourself with some warmth and kindness."

11:24deepgram · final+6.8s"Compassion,"

11:33deepgram · final+9.5s"Really meeting yourself as you are today."

11:38deepgram · final+8.2s"With all that you've experienced,"

11:44deepgram · final+7.8s"We've been drawing into your awareness"

11:47deepgram · final+7.8s"this aspiration that you"

11:52deepgram · final+7.2s"have cultivated around trading."

11:55deepgram · final+8.2s"And all the places that it's taken you"

12:03deepgram · final+9.8s"I'm meeting both the hope and optimism"

12:08deepgram · final+7.7s"you brought into this"

12:12deepgram · final+7.2s"as well as any difficulty."

12:14deepgram · final+8.0s"You may have experienced"

12:17deepgram · final+9.8s"I'm just"

12:20deepgram · final+6.7s"allowing it all to be held."

12:23deepgram · final+8.3s"In a"

12:26deepgram · final+7.0s"much kinder,"

12:28deepgram · final+8.9s"compassionate,"

12:32deepgram · final+5.9s"accepting,"

12:33deepgram · final+6.5s"loving space."

12:45deepgram · final+9.8s"I'm just noticing what it's like"

12:49deepgram · final+6.5s"to meet yourself in this way."

12:58deepgram · final+9.8s"And as you're ready, coming back to just"

13:02deepgram · final+6.4s"the simplicity of the breath."

13:05deepgram · final+9.7s"Feeling that rise and fall in your"

13:10deepgram · final+6.6s"chest and belly."

13:19deepgram · final+10.0s"Slowly coming back towards a more"

13:23deepgram · final+7.2s"surface level of awareness."

13:25deepgram · final+9.4s"Taking two or three breaths."

13:30deepgram · final+7.2s"Two or three more breaths."

13:32deepgram · final+9.1s"And when you're ready,"

13:37deepgram · final+6.3s"you can open your eyes."

13:38deepgram · final+9.6s"Welcome back. Thank you for that, Ted."

13:42deepgram · final+7.0s"Yeah. You're welcome."

13:44deepgram · final+10.0s"So we're gonna jump into"

13:47deepgram · final+6.7s"this presentation."

13:49deepgram · final+9.6s"With a quote from Mark Manson, who's the author of"

13:54deepgram · final+9.4s"The Subtle Art Art of Not Giving a F."

13:57deepgram · final+9.5s"I think it would be okay if we actually swore, but"

14:05deepgram · final+9.7s"Everything worthwhile in life is won through surmounting the associated negative"

14:10deepgram · final+9.8s"experience. Any attempt to escape the negative"

14:14deepgram · final+6.0s"to avoid it"

14:15deepgram · final+6.7s"or quash it"

14:17deepgram · final+5.7s"or silence it"

14:19deepgram · final+9.2s"only backfires. The avoidance of suffering is a form of suffering."

14:23deepgram · final+9.5s"Hear that. The avoidance of suffering is a form of suffering."

14:28deepgram · final+9.5s"So, you know, that piece right there"

14:33deepgram · final+8.3s"the amount of energy and focus and"

14:36deepgram · final+9.7s"strength it takes to try to keep suffering at bay."

14:41deepgram · final+5.2s"Right."

14:41deepgram · final+7.4s"Is actually exhausting. Yes."

14:45deepgram · final+6.4s"And and at some point,"

14:47deepgram · final+7.3s"you're going to lose that type of war."

14:49deepgram · final+7.0s"That, you know, you're gonna"

14:51deepgram · final+10.0s"if you remember from being a kid and playing tug of war, if you ever had that,"

14:55deepgram · final+9.5s"You know, your your team is eventually gonna"

14:59deepgram · final+9.8s"lose a man, and and you're gonna all start getting pulled into the pit."

15:05deepgram · final+10s"Avoidance of struggle is a struggle. The denial of failure is a failure."

15:10deepgram · final+7.1s"Hiding what is shameful"

15:12deepgram · final+8.1s"is itself a form of shame. And so"

15:15deepgram · final+6.4s"really,"

15:18deepgram · final+8.9s"really being with this and what I said in the beginning about"

15:22deepgram · final+9.9s"you know, moving toward this your own center, acting from your own center,"

15:26deepgram · final+7.4s"which is a place where you're really able to hear"

15:29deepgram · final+9.6s"the thoughts that are part of what I call the positive mind."

15:33deepgram · final+8.2s"An idea from Kundalini Yoga, the positive mind"

15:37deepgram · final+8.4s"which holds all the opportunities, the negative mind,"

15:40deepgram · final+8.8s"which holds all the all the fears, all the anxieties."

15:45deepgram · final+9.3s"And, you know, what could go wrong. And then acting from the center, the neutral mind,"

15:50deepgram · final+9.4s"the place where you are able to see the positives."

15:53deepgram · final+9.6s"You know, the and and trading the potential. Right?"

15:56deepgram · final+6.6s"And then you're able to see"

15:58deepgram · final+9.5s"the negatives, the risks, the danger."

16:02deepgram · final+9.9s"Because you really want to have a a sense of both."

16:06deepgram · final+7.3s"You don't want to go into things in a blind way."

16:10deepgram · final+7.4s"Don't want to get caught into that"

16:13deepgram · final+6.0s"that"

16:14deepgram · final+6.6s"dynamic of"

16:16deepgram · final+9.6s"you know, oh, I don't wanna face this. I'm gonna turn away. I'm gonna turn away and"

16:20deepgram · final+9.9s"harder and harder to turn away. Right? But, like, you get really invested"

16:25deepgram · final+8.4s"in that, and it becomes a way of being. And so"

16:28deepgram · final+9.5s"when we think about this, there are two different aspects"

16:32deepgram · final+9.6s"Right? There's actually what is happening in trading. And then"

16:36deepgram · final+8.0s"emotional experience relative to that. So"

16:40deepgram · final+5.3s"you know,"

16:41deepgram · final+9.4s"the stock goes up. Oh, yes. Like, I knew it was gonna happen."

16:44deepgram · final+8.8s"You know, I'm in. I'm it's moving. It's going in, you know,"

16:49deepgram · final+9.2s"I'm thinking about that car or"

16:52deepgram · final+9.2s"that house on the island or, you know, I'm thinking about"

16:55deepgram · final+9.4s"I'm thinking about digging out of all those holes. I'm"

16:59deepgram · final+9.2s"I'm thinking about everything's going to be okay."

17:02deepgram · final+10s"And it's kind of that takes you away. That sweeps you up. That sweeps you away."

17:07deepgram · final+8.2s"And now you're not really here with the trading anymore."

17:11deepgram · final+9.2s"So so you really wanna stay in this seat, stay with what's happening."

17:16deepgram · final+9.3s"And part of staying with it is noticing that tug"

17:19deepgram · final+9.8s"when that thought when that emotion is pulling at you"

17:23deepgram · final+9.9s"register that, hey. That's happening. I need to kinda keep an eye on that."

17:28deepgram · final+9.9s"If it's getting too intense for me, if I'm getting pulled in too much,"

17:32deepgram · final+7.0s"then I might need to get up and"

17:34deepgram · final+6.5s"take a walk around the"

17:37deepgram · final+9.3s"the house or something or or even get outside and get a brush breath of fresh air."

17:41deepgram · final+9.9s"Something that gets me away from my training station maybe for a moment."

17:45deepgram · final+9.3s"Even making a cup of tea is something I often recommend."

17:48deepgram · final+9.7s"Somebody this week said, I could water my plants."

17:52deepgram · final+9.2s"And I was like, it's a great idea, but you might end up overwatering your plants."

17:55deepgram · final+9.6s"But anyway, that's"

17:59deepgram · final+8.2s"that's the idea, is be aware of this."

18:02deepgram · final+9.9s"Right. So Martha, in the chat, shared"

18:07deepgram · final+9.2s"quite a bit about something that's actually a very common experience."

18:12deepgram · final+9.3s"Is really and this is why we named this segment Funnel Friday because of"

18:16deepgram · final+9.0s"exactly what you're talking about. So I'll go ahead and read what Martha was sharing."

18:20deepgram · final+9.1s"How do you cope with missing a huge move on a stock?"

18:24deepgram · final+6.9s"On Wednesday, I tried"

18:26deepgram · final+7.0s"DFNS at the open."

18:26haiku · watchlist+8.0sDFNS (DFNS at the open)

18:28deepgram · final+9.8s"I took a loss due to the halts. Then when I"

18:26haiku · correction+13s

18:32deepgram · final+8.2s"decided to walk away. Then I decided to walk away"

18:35deepgram · final+9.8s"around 11AM. I had no idea until Thursday morning that the stock"

18:41deepgram · final+8.3s"would start running again around 2PM Wednesday."

18:44deepgram · final+8.5s"It continued to run into the after hours session,"

18:48deepgram · final+6.4s"If I knew the stock would go"

18:51deepgram · final+7.2s"to a high of $95,"

18:54deepgram · final+9.5s"I never would have exited my position at"

18:57deepgram · final+7.3s"09:40AM that Wednesday morning."

18:59deepgram · final+9.5s"But trading seems tricky and is frustrating"

19:03deepgram · final+7.0s"because at 09:30AM Wednesday,"

19:05deepgram · final+9.4s"how would I or we as traders would have known the stock was gonna"

19:10deepgram · final+6.5s"make such a huge move."

19:12deepgram · final+6.7s"Again, how do you cope with this?"

19:15deepgram · final+9.2s"The feeling of being somewhat upset that you missed the move."

19:19deepgram · final+5.5s"How do you deal"

19:21deepgram · final+9.2s"with knowing that your overall idea about the stock was right?"

19:25deepgram · final+10.0s"It's just that you got in too early or way before the move occurred."

19:29deepgram · final+6.6s"As Justin said,"

19:31deepgram · final+8.0s"you know, the way that yeah. One of the warrior mentors."

19:34deepgram · final+9.8s"It's like coming to the party too early. It was really frustrating"

19:38deepgram · final+9.6s"and bothersome for me to come in Thursday morning and see"

19:43deepgram · final+5.9s"that this stock"

19:45deepgram · final+6.1s"had run"

19:46deepgram · final+7.0s"I was right about how it would"

19:48deepgram · final+6.4s"rally higher."

19:50deepgram · final+9.7s"How do you deal with seeing a stock do this? Martha, thank you so much."

19:55deepgram · final+9.2s"For this question. Yeah. I really also appreciated the the detail of it."

19:59deepgram · final+10s"As you shared a lot here, but it wasn't too wordy or anything. It was really"

20:03deepgram · final+9.9s"really succinct in terms of what you're sharing and your experience."

20:07deepgram · final+9.9s"I wanna say, I'm sorry. You know, I know that's really hard. Also,"

20:12deepgram · final+9.2s"it has been exactly what traders have been talking about."

20:16deepgram · final+9.5s"This kind of thing Right. Has been happening a lot, you know, and"

20:21deepgram · final+9.3s"Especially over the last couple of weeks, we've seen big moves like this starting to happen."

20:25deepgram · final+9.8s"And and there's and there's both there's been both things. There's been"

20:30deepgram · final+7.8s"works with people who are, like,"

20:33deepgram · final+9.6s"really, you know, looking at like the news about a stock or whatever really"

20:37deepgram · final+9.5s"know. Like, I know it's gonna keep going. And then, you know, and then"

20:42deepgram · final+9.9s"something else happens. And now it's back you know, now it's dropping."

20:46deepgram · final+9.9s"And and so on both sides of it, one of the things that you"

20:50deepgram · final+6.5s"here, how would"

20:52deepgram · final+9.6s"you know, how would I know that morning"

20:56deepgram · final+7.8s"You know, how would I know that that was going to happen?"

20:59deepgram · final+9.7s"What you how would you know? You wouldn't you wouldn't know that."

21:03deepgram · final+9.0s"You wouldn't know that that was going to happen. And it really"

21:08deepgram · final+6.6s"it really, really"

21:10deepgram · final+9.5s"it's really important"

21:14deepgram · final+8.1s"kind of hold this mindset of"

21:18deepgram · final+7.4s"there's a lot of socks"

21:21deepgram · final+10s"moving out there. Some are going up, some are going down, some are moving"

21:25deepgram · final+10s"fast, some are moving slow. You know, some have, like, no volume."

21:28deepgram · final+7.5s"And some have lots of volume."

21:31deepgram · final+8.1s"You are not always going to know"

21:34deepgram · final+9.8s"what's going to happen. There has been a lot of volatility."

21:38deepgram · final+6.9s"There's been a lot happening"

21:40deepgram · final+9.8s"has affected the market to, you know, for for"

21:44deepgram · final+8.2s"like, oil to go up and down or, you know, for"

21:47deepgram · final+9.8s"lots of, like, data centers or whatever, AI, up and down."

21:51deepgram · final+9.7s"Ryan is commenting change in the PDT rule that occurred in"

21:55deepgram · final+9.2s"in early June. Mhmm. You know, all of these things that are affecting it."

21:59deepgram · final+8.0s"One of the things that you know, about what you're talking about, Martha,"

22:02deepgram · final+9.5s"even Ross. These are conversations I have with"

22:06deepgram · final+9.1s"him on a fairly regular basis, you know, his own frustration of when"

22:11deepgram · final+9.3s"you know, he shuts down for the day and he's got stuff that he has to go do. It's like,"

22:15deepgram · final+8.3s"you know, going to pick up his kids at school or something. And"

22:18deepgram · final+9.8s"something makes a huge move in the afternoon while he's driving in the car."

22:22deepgram · final+6.6s"There's, like, nothing he can do about it."

22:24deepgram · final+5.6s"Right."

22:26deepgram · final+8.3s"So it's it's holding that that is going to happen."

22:29deepgram · final+6.6s"Yeah. It's holding that"

22:31deepgram · final+10.0s"you are not going to be it's like you have your plan."

22:34deepgram · final+6.5s"You have your trading window."

22:36deepgram · final+9.5s"You you have rules that you follow, and the outside"

22:40deepgram · final+7.4s"of that, it's almost like if you could think of it this way."

22:43deepgram · final+6.2s"I'm gonna trade"

22:44deepgram · final+9.7s"this fraction of the entire time the markets open in a day."

22:49deepgram · final+9.3s"This is my little window that I'm going to trade. And during this time,"

22:53deepgram · final+10.0s"I'm gonna make the most of what shows up in that span."

22:56deepgram · final+8.4s"But in order for you to not be completely"

23:01deepgram · final+10s"knocked down knocked down and and, you know, drug it"

23:05deepgram · final+7.2s"across the floor, I guess."

23:07deepgram · final+9.8s"Every day in your life. You have to set some parameters on"

23:12deepgram · final+7.1s"on when and where and what with trading."

23:14deepgram · final+9.6s"So it can't be this thing where I'm here for every trade no matter"

23:18deepgram · final+9.5s"you know, like Right. That can't that's a formula for crazy, my thing. It's"

23:23deepgram · final+9.4s"and it will. The market conditions you, and if you"

23:27deepgram · final+9.8s"and if you kind of give up all of that to the market,"

23:30deepgram · final+8.7s"then you're blowing in the wind at the whims of the market. Then you're"

23:35deepgram · final+9.4s"you are going to have feel"

23:38deepgram · final+9.3s"less grounded. Your decision making is going to be more"

23:42deepgram · final+9.6s"You are going to feel a wreck in your life."

23:46deepgram · final+9.5s"Feel unhappy with yourself because the idea is that you have this little"

23:51deepgram · final+9.8s"cereal bowl, and you're out in a rain"

23:54deepgram · final+9.8s"and you're, like, running around trying to catch"

23:57deepgram · final+9.7s"you know, I think it's raining more in this part of the yard or that part of the yard."

24:01deepgram · final+7.2s"And and and"

24:03deepgram · final+7.6s"truth is that if you if you"

24:06deepgram · final+8.5s"choose your spot and you"

24:10deepgram · final+5.9s"and you"

24:11deepgram · final+7.0s"allow yourself"

24:13deepgram · final+9.8s"to follow what you know works within this little patch"

24:18deepgram · final+5.4s"Mhmm."

24:18deepgram · final+9.5s"Then you can derive some kind of consistency"

24:23deepgram · final+9.0s"and not just with your trading, but within yourself."

24:27deepgram · final+10s"You know, a sense of constancy with yourself."

24:30deepgram · final+7.1s"Understanding of what you're doing."

24:32deepgram · final+7.5s"But if it is all over the place,"

24:35deepgram · final+6.9s"right, where you're chasing everything,"

24:37deepgram · final+7.4s"then you can't develop that."

24:40deepgram · final+9.0s"So to cope with it, you have to you have to make peace with"

24:44deepgram · final+5.8s"you know,"

24:45deepgram · final+9.9s"you don't have a swimming pool to catch the rain. You have a cereal bowl. Right."

24:49deepgram · final+9.6s"Right. And you and at least right now,"

24:53deepgram · final+10s"you know, who knows what will happen. But"

24:56deepgram · final+8.0s"but at this point, to take care of what you have"

25:00deepgram · final+9.3s"and to make peace with, you're not going to catch all the rain."

25:04deepgram · final+10s"You're gonna catch your your little bowl of it."

25:07deepgram · final+10s"And, hopefully, you are. Hopefully, you're in you're because you have to"

25:10deepgram · final+9.7s"you have to try to keep your bowl upright. Right. Keep your bowl from"

25:14deepgram · final+8.6s"flipping upside down and losing all the water in it."

25:18deepgram · final+7.0s"There's a there's a way that"

25:21deepgram · final+9.2s"the most important thing to remember"

25:25deepgram · final+7.1s"you know, emotionally and training"

25:27deepgram · final+5.8s"is that"

25:28deepgram · final+8.5s"you know, all of these forces at work with the market"

25:32deepgram · final+9.6s"are going to have this impact on you."

25:35deepgram · final+9.5s"To make you feel more off balance, to push you and pull you and"

25:39deepgram · final+9.5s"and make you question yourself, to drive hesitation, to drive"

25:43deepgram · final+8.8s"doubt, to drive impulsivity. And then you"

25:47deepgram · final+6.7s"know what you're doing."

25:49deepgram · final+5.6s"So"

25:50deepgram · final+8.9s"there's a way that mindfulness is your friend coming back to your center."

25:55deepgram · final+8.3s"Finding a way to be consistent with what you do,"

25:58deepgram · final+10.0s"and then really looking into that and acknowledging it like"

26:02deepgram · final+10s"how did I do this week? How did I do today? How did I do"

26:05deepgram · final+9.6s"emotional side, not just on the technical side? Right. And that part, I think, is"

26:10deepgram · final+7.5s"incredibly important"

26:13deepgram · final+9.2s"And even, you know, using Ross as an example,"

26:17deepgram · final+6.5s"you know, he"

26:19deepgram · final+9.1s"you know, he trades in this window of time primarily in premarket,"

26:23deepgram · final+7.6s"really cautious around the open."

26:26deepgram · final+9.6s"And sticks around a little bit longer to see if anything's going on, then it's it kinda wraps it up."

26:32deepgram · final+7.8s"And, yeah, even like I was saying earlier, he's been hit"

26:35deepgram · final+8.6s"know, it's like, yeah, something in the afternoon making this huge move."

26:39deepgram · final+5.9s"And"

26:41deepgram · final+7.3s"you know, sticking around for those"

26:43deepgram · final+7.3s"that those possibilities"

26:46deepgram · final+8.9s"you know, it doesn't fit fit well into his overall life."

26:50deepgram · final+5.5s"You know?"

26:52deepgram · final+9.3s"Wouldn't have much of a life. And and if he and when you"

26:55deepgram · final+7.1s"stick around and you don't get anything,"

26:57deepgram · final+8.4s"you start pushing buttons to make stuff happen."

27:01deepgram · final+6.9s"And and it's like"

27:03deepgram · final+9.0s"I've I've talked about this before, but the battery of the brain that controls, like,"

27:08deepgram · final+9.2s"that you would use for, you know, executive function and good decision making"

27:12deepgram · final+8.0s"is worn down by having to"

27:15deepgram · final+9.8s"focus and make good decisions like in trading,"

27:18deepgram · final+7.7s"in, like, high stakes, fast paced environments,"

27:21deepgram · final+5.9s"and"

27:22deepgram · final+9.8s"another thing that draws that battery down is having to exercise willpower."

27:27deepgram · final+9.9s"In trading, you have to exercise both. And it's the reason that you can't stay in this"

27:32deepgram · final+5.9s"place"

27:33deepgram · final+6.0s"day where you're, like,"

27:35deepgram · final+9.4s"leaning in and you're focused and you're in the zone, you can't"

27:38deepgram · final+9.7s"there all day. Even if you enter into or touch into flow states with it,"

27:42deepgram · final+6.4s"you're not likely"

27:44deepgram · final+6.7s"to be able to maintain"

27:46deepgram · final+9.5s"that that amount of mental focus"

27:50deepgram · final+9.6s"because, one, it takes experience and stamina, developing stamina,"

27:55deepgram · final+9.9s"But, two, there's just a limit to it. It is like a battery. That's why I describe it that way."

28:00deepgram · final+6.2s"Will run out eventually."

28:02deepgram · final+7.3s"When it does, then your"

28:04deepgram · final+8.8s"making whatever whatever decision. And often,"

28:09deepgram · final+8.4s"having moments of dissociation and not following your rules."

28:12deepgram · final+9.5s"And then, Martha, you have to answer your quite your"

28:15deepgram · final+9.4s"question. I hope it's not on our end, but it's"

28:19deepgram · final+7.3s"glitching."

28:21deepgram · final+10s"Yeah, the recording will be up. We"

28:24deepgram · final+8.1s"it'll probably be posted up tomorrow."

28:27deepgram · final+7.9s"And so, yeah, you'll be able to come back and look at it."

28:31deepgram · final+6.2s"I wanted to go"

28:32deepgram · final+9.8s"I wanted to go down for a moment to Isaiah right there. I didn't think that there was something really"

28:37deepgram · final+9.8s"important. I have seen a stock go up a 150% on a day."

28:41deepgram · final+10s"And then in two minutes, it dropped 99% from $6 a share."

28:45deepgram · final+9.8s"Six If you"

28:48deepgram · final+9.7s"took a small loss on a stock that moved later,"

28:51deepgram · final+9.5s"be happy that you manage rest and train the habit that will save you"

28:55deepgram · final+9.6s"from large losses. Exactly, Isaiah. I think that that is is spot on."

29:00deepgram · final+9.9s"And, yeah, and it's and it's part of, like, when we see these big moves,"

29:05deepgram · final+9.0s"yeah, it is awesome if you manage to catch a big move"

29:09deepgram · final+8.3s"and ride it just, you know, you know,"

29:12deepgram · final+9.9s"Danny talks a lot or uses to talk a lot about, you know, being on the right side of a wave."

29:17deepgram · final+6.1s"You know, it's like,"

29:19deepgram · final+9.4s"when you catch that momentum and you catch it just right,"

29:23deepgram · final+9.3s"and it it feels almost like the easiest thing in the world,"

29:26deepgram · final+9.6s"you know, to just be carried into into profit on it."

29:30deepgram · final+9.7s"But when you're on the wrong side of that move, it is crushing."

29:35deepgram · final+10s"Right. And what Isaiah is talking about is exactly right."

29:38deepgram · final+7.7s"It's like the the overall"

29:42deepgram · final+9.4s"you know, quality with which you show up to trade"

29:45deepgram · final+9.5s"the things that you consider important, you know,"

29:48deepgram · final+9.5s"that training of really good habits"

29:52deepgram · final+10s"ultimately is much more important than any particular move."

29:55deepgram · final+9.5s"Both in how you meet the market and how you meet yourself. Right."

29:59deepgram · final+8.0s"Rick says, I had my first huge loss last October."

30:03deepgram · final+5.2s"Hold on."

30:03deepgram · final+9.5s"You have to scroll back up. Yeah. Oh, no."