Setting Realistic Expectations and Maintaining Focus in Trading - Tim Racette

Tim Racette, a day trader of the E-mini futures markets and swing trader of stocks talks with Eddie Horn about setting realistic expectations, assessing risk and maintaining focus in trading.

Tim Racette is a day trader of the E-mini futures markets and swing trader of stocks. He openly shares his methods throughout the trading community and is a regular speaker at the TradersEXPO’s. 

This week he talks with host Eddie Horn about the importance of setting realistic expectations when getting started in trading, risk assessment as a core competency and the value of staying focused on a clear vision.  

Listen to Tim’s take on:
  • [05:52] How he got started trading
  • [10:35] Good routines around premarket prep
  • [14:25] Market growth and opportunity
  • [17:57] Fair warnings for new traders
  • [22:00] Tips for getting back on track after a failure
  • [33:43] The importance of a trading journal
  • [37:43] Top 3 traits that make up a winning traders mindset
  • [43:10] Being intentional in building good trading habits
  • [46:10] Keeping things simple, clarifying ideas and stepping away from trading on occasion to remain consistent through different market conditions
  • [48:38] Using trading windows, time away and mindfulness to keep focused during the trading day 
  • [52:10] The Eddie Question: What’s your favorite saying and why?
Be sure to catch up with Tim through Eminimind.com or find him on Twitter, Facebook and YouTube @eMiniMind. 

Editing & Post-Production by Dante32.
Risk Disclosure: http://bit.ly/rskdsc © 2019 All rights reserved