Great traders focus on their behavior all the time.&nbsp;  Consistency Perseverance Persistance&nbsp; Determination  When you're starting out you won't have the luxury of having these feelings if you blow up two months into your trading career. Keep your frequency of trading to a minimum until you learn to trade one style and own it. Limit yourself to initiating two trades a day, else you might find yourself chasing everything that's up $2 / share because you feel you're missing out on many trades.&nbsp;&nbsp;

How traders build discipline everyday

Hari Krishnan returns to the show to discuss how the VIX can play a role in portfolio diversification, not unlike Managed Futures.&nbsp; &nbsp; [Sorry about some of the audio. Hari's schedule is very tight and he was overseas at the time of our recording. No matter how many times we hung up and retried getting a better connection, nothing worked.]

How the VIX can play a role in your portfolio

The benefits of adjusting position sizes

Why Price, Volume, and Volatility are the best indicators

Use protective stops, not 8 monitors

What It Takes to Make it as a Trader

I think it's important to trade small at the beginning of your career so that you can find out what your edge is. Once you have it, then you scale and trade larger.&nbsp; You should think of it like panning for gold (to find your edge). The goal isn't for large trading gains right away, but to discover and shine the light on your edge.&nbsp;

MartinKronicle

Popular tracks