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Navigating Market Highs and Handling Squats
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In this episode of the Traders Mind Chat Show, we dive deep into essential strategies for managing market highs and handling "squats" – those frustrating moments when stocks surge only to plummet back to earth. Join us as we explore:
- Mindset for Market Highs: Understand the right mindset when the market is at its peak and how to avoid the fear of missing out (FOMO).
- Handling Squats: Learn how to mentally and strategically handle situations where your trades take a sudden downturn.
- Quality Trading: Discover the importance of trading quality stocks and having a concrete strategy to identify them.
- Sizing Strategies: Find out how to adjust your position sizes based on market conditions to optimize your trading success.
Whether you're questioning if you're missing the rally or looking for ways to improve your trading discipline, this episode offers valuable insights and practical advice.
Links:
- Get Mike's book, "The Trading Mindwheel": https://a.co/d/b2458n4
- Sign up for the MARA Wealth newsletter: marawealth.com/newsletter
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