{"id":2749,"date":"2020-04-28T10:28:44","date_gmt":"2020-04-28T17:28:44","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2749"},"modified":"2020-04-28T14:43:52","modified_gmt":"2020-04-28T21:43:52","slug":"ep-145-book-club-the-inner-voice-of-trading-michael-martin","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-145-book-club-the-inner-voice-of-trading-michael-martin\/","title":{"rendered":"Ep 145: SteadyTrade Book Club \u2014 &#8220;The Inner Voice of Trading&#8221; With Author Michael Martin"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-145-steadytrade-book-club-the-inner-voice-of-trading-with-author-michael-martin\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s time again for SteadyTrade Book Club, and this month\u2019s pick is \u201c<\/span><a href=\"https:\/\/amzn.to\/2Y0ZN5k\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">The Inner Voice of Trading<\/span><\/a><span style=\"font-weight: 400;\">&#8221; by Michael Martin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hey, everyone\u2019s stuck at home right now, right? So why not learn something?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is an extra-special episode: Author Michael Martin joins co-hosts Kim Ann Curtin and Tim Bohen! You\u2019ll get great insight into the book &#8230; And you\u2019ll hear the author\u2019s take on trading, investing, writing, and life in general.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But wait \u2014 there\u2019s more! You can score a FREE audiobook copy of Michael\u2019s book using a special link. See the bottom of this post for the deets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Read along with the crew and let us know what you think! Leave a comment below or tag us on <\/span><a href=\"https:\/\/twitter.com\/StocksToTrade\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Twitter<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.instagram.com\/stockstotrade\/?hl=en\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Instagram<\/span><\/a><span style=\"font-weight: 400;\">, or <\/span><a href=\"https:\/\/www.facebook.com\/StocksToTrade\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Facebook<\/span><\/a><span style=\"font-weight: 400;\"> using the hashtag <\/span><b>#steadytradebooks<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Why Kim Chose This Book<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Kim\u2019s been familiar with Michael Martin\u2019s work for years. She connected with him on a deeper level when she featured him in her book \u201c<\/span><a href=\"https:\/\/transformingwallstreet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Transforming Wall Street: A Conscious Path for a New Future<\/span><\/a><span style=\"font-weight: 400;\">.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In both Kim\u2019s and his book, Michael explores the emotional side of trading. He digs into the spiritual\/emotional intelligence necessary for trading well.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s why Kim chose this book to share with SteadyTrade readers. She believes that knowing yourself and honing your emotional intelligence is important. As Michael puts it in his book, \u201cKnowing yourself is more important than what you know.\u201d\u00a0\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">About the Book<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Wanna be a hotshot trader? Sorry, but it\u2019s not just about memorizing trading strategies or patterns. Yes, those things matter \u2026 But knowing yourself matters just as much.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019ve got to understand how to choose the strategies that work best with your personality and risk tolerance. You must understand your tendencies.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this book, you\u2019ll learn why self-knowledge is so important for traders. You\u2019ll also find out how to apply what you\u2019ve learned to your trading career. Imagine the possibilities if you make emotions \u2014 what many consider a trader\u2019s worst enemy \u2014 into your biggest ally!\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">A Discussion With Author Michael Martin<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In today\u2019s episode, Kim and Tim get to discuss the book with the author.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If Michael wants you to learn one thing from his book, it\u2019s that long-term trading success isn\u2019t just about knowledge.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the book, he shares his own journey. That includes how he learned (the hard way) that as a trader, you need to \u201cinvoke persistence and determination.\u201d You need to not take things personally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They talk about how \u201cit\u2019s too easy to lose money in good times\u201d and how mentality matters more than most new traders suspect.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t miss a frank discussion of how forcing trades will only lead to your getting \u201cchopped into oblivion\u201d according to Tim. They also get into why it\u2019s so important to experiment until you find what works for you as a trader.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember &#8230; just because a strategy works well for one trader doesn\u2019t mean it will work for you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Michael Marting offers some perspective on that: \u201cIt\u2019s OK to try things and fail because it teaches you a lot about yourself in the process, and that helps you draw boundaries around your own behavior.\u201d\u00a0\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Putting It to Work<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">At the time of this episode\u2019s airing, the world is in full-on pandemic-management mode in the wake of the coronavirus. To say it\u2019s been a unique market is a massive understatement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The trio talks about how you can put the practices in the book to work. For some traders, like long-term trend-follower Michael, it\u2019s no time to find an edge. Instead, he\u2019s focusing on other interests like poker and jiu-jitsu. As he says, \u201cTrying to impose my will onto the marketplace is a fool\u2019s game.\u201d\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Tips From Michael Martin<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Ready for some powerful life lessons from the author? Here are some highlights&#8230;\u00a0<\/span><\/p>\n<p><b>Let go of the account balance as a character trait. <\/b><span style=\"font-weight: 400;\">When you\u2019re trading, you\u2019ve got to emotionally divorce yourself from the money. You\u2019ve got to figure out who you are as a trader rather than thinking you have to watch things 24\/7.\u00a0<\/span><\/p>\n<p><b>Be an independent thinker.<\/b><span style=\"font-weight: 400;\"> It\u2019s easy to get into a herd mentality when you follow the news. Don\u2019t misunderstand &#8230; it\u2019s good to watch the news and absorb as much knowledge as you can. But at the end of the day, you have to think for yourself.\u00a0<\/span><\/p>\n<p><b>It\u2019s a marathon, not a sprint.<\/b><span style=\"font-weight: 400;\"> As Michael cautions, you don\u2019t want to \u201cpuke out your first 2K\u201d on a single trade. He thinks you need to learn a lot about yourself first: \u201cKnowing yourself, to me, is the biggest asset that you can have as a trader.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tune in to the episode to learn why Michael thinks \u201crejection is God\u2019s protection\u201d and why you shouldn&#8217;t feel FOMO when you miss a trade.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Connect With Michael Martin!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Want to follow Michael\u2019s work? Here\u2019s where to find him on social media:<\/span><\/p>\n<p><b>Twitter:<\/b> <a href=\"https:\/\/twitter.com\/martin_kronicle\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">@martin_kronicle<\/span><\/a><\/p>\n<p><b>Instagram: <\/b><a href=\"https:\/\/www.instagram.com\/martinkronicle\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">@martinkronicle<\/span><\/a><\/p>\n<p><b>StockTwits: <\/b><a href=\"https:\/\/stocktwits.com\/martinkronicle\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">martinkronicle<\/span><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">Ready to Read?<\/span><\/h2>\n<p><strong>Don\u2019t miss the chance to score a FREE copy of Michael Martin\u2019s audiobook! Visit this link to get your copy now: <a href=\"https:\/\/martinkronicle.com\/kim\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/martinkronicle.com\/kim<\/a>.\u00a0<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Wanna follow along with the crew? Here\u2019s what we\u2019ve read already:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/amzn.to\/2UnDCVk\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">\u201cTechnical Analysis Using Multiple Timeframes\u201d<\/span><\/a><span style=\"font-weight: 400;\"> by Brian Shannon (<\/span><a href=\"https:\/\/www.steadytrade.com\/technical-analysis-using-multiple-timeframes\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Episode 141<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">\u201c<\/span><a href=\"https:\/\/amzn.to\/3eJ482Y\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Trading in the Zone<\/span><\/a><span style=\"font-weight: 400;\">\u201d by Mark Douglas (<\/span><a href=\"https:\/\/www.steadytrade.com\/trading-in-the-zone\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Episode 133<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/amzn.to\/2tqPLh5\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">\u201cThe Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind\u201d<\/span><\/a><span style=\"font-weight: 400;\"> by John Coates (<\/span><a href=\"https:\/\/www.steadytrade.com\/steadytrade-book-club\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Episode 127<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/amzn.to\/2GQLjet\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">\u201cThe Daily Trading Coach\u201d<\/span><\/a><span style=\"font-weight: 400;\"> by Brett Steenbarger (<\/span><a href=\"https:\/\/www.steadytrade.com\/trading-coach\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Episode 122<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Find the full schedule and synopsis for each book <\/span><a href=\"https:\/\/www.steadytrade.com\/book-club\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">in this episode<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">[As an Amazon Associate, we earn from qualifying purchases.]<\/span><\/i><\/p>\n<h2><span style=\"font-weight: 400;\">Drop Us a Line<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you have questions or comments, don\u2019t hesitate to get in touch! If we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Send questions by dropping a comment below or on our <\/span><a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">YouTube channel<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>Love the show? Let us know with a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s time again for SteadyTrade Book Club, and this month\u2019s pick is \u201cThe Inner Voice of Trading&#8221; by Michael Martin. Hey, everyone\u2019s stuck at home right now, right? So why not learn something? This is an extra-special episode: Author Michael Martin joins co-hosts Kim Ann Curtin and Tim Bohen! You\u2019ll get great insight into the [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep 145: SteadyTrade Book Club \u2014 &quot;The Inner Voice of Trading&quot; With Author Michael Martin - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"Author Michael Martin joins co-hosts Kim Ann Curtin &amp; Tim Bohen! Get insight into the book and hear his take on trading, investing, writing, and life.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/ep-145-book-club-the-inner-voice-of-trading-michael-martin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ep 145: SteadyTrade Book Club \u2014 &quot;The Inner Voice of Trading&quot; With Author Michael Martin - SteadyTrade.com\" \/>\n<meta property=\"og:description\" content=\"Author Michael Martin joins co-hosts Kim Ann Curtin &amp; Tim Bohen! 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