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"Michael is a gifted trading mentor. Over the course of several initial conversations he was able to assess my situation and recommend trading strategies that were harmonious with my personality; while at the same time attending to my family’s financial needs. I cannot stress enough how life changing this was for me." --JC, Kansas

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"This is a great book for novice and experienced traders. Soaking up its wisdom distilled from experience and introspection will help you become more successful. And that's true even if it doesn't make you a penny." --Aaron Brown, AQR
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Russell Rhoads, CFA, speaks with Michael Martin on all things options.

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normanrosenthal

Dr. Norman Rosenthal, MD is an expert in Transcendental Mediation and has written a new book on the subject called Super Mind: How to Boost Performance and Live a Richer and Happier Life Through Transcendental Meditation.

In 1980s, he was a pioneer in the use of light therapy to treat Seasonal Affective Disorder or Winter Depression.

He speaks with Michael Martin on the many benefits that TM provides its practitioners regardless of whether they trade or manage risk.

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Check out this video of Erich Schiffmann leading a meditation.

Learn more about Transcendental Meditation

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The financial impact of slippage is greatest on smaller accounts, largely because the dollar value is also larger in percentage terms.

It’s also killing the day traders who are trying to scalp for $200 / day and not doing it.

Not only are they not making the $200 / day, but those frequent losses are increased by 25% when you add in the slippage.

If the duration of the losing streak is several weeks, the trader could be down $2,000 on his trading P&L, but down $2,500 on his account.

The feeling of not wanting to stop the carnage and bull through it would be an excellent choice for an entry point during one’s Trading Tribe meeting. :)

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