Overtrading & FOMO: How to Stop Costly Mistakes in Trading

Welcome back to the Trader’s Mindchat Show! After a short break, we’re diving into one of the trickiest spots for traders: when the market finally starts moving—but your setups aren't quite there yet.In today’s episode, I’m sharing real talk about the emotions that come up when you’re sitting in cash, watching green bars fly by. We’ll walk through how to handle those tough moments without falling into FOMO or second-guessing your plan.Here’s what we’re covering:Why the “tease phase” is one of the hardest tests of discipline for any trader.How to use the Three-Lens Approach to stay grounded: General Market, Your System, and Your Personal Performance.A simple way to adjust your risk using Progressive Exposure—so you scale in only when it makes sense.Real examples: why I took Netflix ($NFLX) and QQQ ($QQQ) trades—and passed on others.How building a Model Book can give you confidence and cut out the noise when things heat up.A mindset shift: Preparation without impulse is what real discipline looks like.Challenge for you:Take 10 minutes this weekend and ask yourself, Am I out of the market because I missed something—or because my setup hasn’t shown up yet?The answer will tell you if you're following fear...or following your plan.If you’re serious about treating your trading like a business, check out the Trading Success Blueprint—it’s the framework I wish I had when I was starting out.We’re in this together. Let’s trade smarter. 🎯#tradingmindset #stockmarket #tradingdiscipline #tradingplan #tradersmindchatshow #tradingpsychology #growthmindset

Feeling stuck in cash and second-guessing your edge? You're not alone—and you're definitely not doing it wrong. In this episode of The Trader’s Mindchat Show, Mike Lamott tackles one of the toughest phases in trading: sideways, choppy markets that can shake even the most seasoned traders.Mike shares a powerful mindset shift that’ll help you stay confident even when your system isn’t firing, and he introduces a simple, effective framework—the Three Lenses of Market Readiness—to help you know exactly when to take action and when to stay on the sidelines.Plus, he unpacks:Why confidence built on outcomes is fragile—and how to root it in processThe real danger of forcing trades just to feel productiveHow to apply Ted Williams’ “happy zone” strategy to your own setupsHow to use market mood tracking and journaling to stay sharpWhat to do while you wait so you're ready when the trend returnsThe secret to progressive exposure so you scale safely when the market flips greenWhether you’re a seasoned trader or just getting started, this episode will help you reframe quiet market periods as preparation—not punishment.🎯 Remember: There are no called strikes in trading. Wait for the fat pitch.📥 Resources Mentioned:🧠 Download the Trading Success Blueprint📞 Book a Free 1-on-1 Coaching Call🔔 New episodes every Friday at 1PM ET. Subscribe so you don’t miss a thing.#TradersMindchat #TradingMindset #StockMarketTips #TradingPsychology #SwingTrading #TraderTalk #MarketStrategy #MindsetMatters #MarrowWealth #TradeSmart

The market just took a nosedive—and if you're feeling rattled, you're not alone.In this episode of Trader’s Mindchat, Mike Lamothe breaks down exactly how to reset after a rough week, whether you were sidelined in cash, caught off guard, or trying to short into the chaos. Drawing from over two decades of experience, Mike walks through his personal process for managing risk, interpreting warning signals, and staying mentally sharp—even when the market gets ugly.This isn’t about predicting the bottom. It’s about building a repeatable process that keeps you in control. If you’ve ever felt the urge to tweak your system without real data, or trade just to “do something,” this episode is a must-listen.Key Takeaways:The two types of traders market drops revealWhy Mike went to cash before the big selloff—and how his system signaled itHow to evaluate your last 10 trades and uncover where your edge may be slippingThe 5-part formula to rebuild confidence and consistency in your tradingTools and mindset shifts for auditing your setup, emotions, and executionPlus: Mike shares a live trade breakdown on ALHC, and how seven “danger signals” helped him lock in profits before the reversal.🛠️ Get the free Position Size Calculator: marawealth.com📘 Grab your copy of the Trading Success Blueprint: marawealth.com/blueprint#tradingpsychology #tradereducation #stockmarketstrategy #mindsetmatters #riskmanagement #tradingreset

Struggling to get consistent results in your trading? In this episode, Michael Lamothe breaks down The Trading Success Blueprint — a 4-part system to transform your trading hobby into a real, scalable business.Whether you're just starting out or stuck in a cycle of inconsistency, this framework will help you create a trading business plan with real structure, purpose, and profit potential.🧠 What You’ll Learn:Why most traders fail — and how to avoid itHow to define your trading philosophy and build mental claritySetting realistic goals for consistent growthHow to analyze the market using the “Market Mood” methodCreating a strategy with true edge (entries, exits & risk)The #1 mistake that kills trading successWhy your trading plan should be a living document📘 Get the FREE Trading Success Blueprint eBook + Plan Template:https://www.marawealth.com/blueprint🎯 Want help building your plan? Book a free 1-on-1 call:https://www.marawealth.com/1on1📲 Don’t forget to subscribe, review, and share this episode with your fellow traders!#TradingBlueprint #TradingPlan #TradingMindset #StockTradingTips #MarketMood #TraderPodcast #TradingBusiness #MindchatShow #GrowthStocks #MichaelLamothe

Most traders don’t struggle with spotting setups—they struggle with pulling the trigger. In this episode, we dive deep into the power of execution through the real trades of two Accelerator members, Miguel and Caleb, who made massive progress using surprisingly simple techniques.▶️ Inside the episode:How Miguel doubled his trade overnight using a volume-price trick in $HOODWhy declining volume gave him the confidence to short—and how it led to a +100% gainA trade in $IWM that followed a nearly identical patternHow Caleb scaled into $ALHC without increasing his risk by adjusting his stop lossThe secret to smart sizing and maximizing gains in high-probability setupsWhether you're a day trader or short-term swing trader, this is a masterclass in execution under pressure.💬 Have questions or thoughts? Drop them in the chat or reach out on socials—always happy to help.📢 CTA:Subscribe to the newsletter 👉 marawealth.com/newsletterLike, comment & subscribe so you never miss a surprise livestream or fresh strategy drop!📲 Follow us everywhere: @MichaelGLamothe#tradingpsychology #stockmarketstrategy #tradingtips #volumeanalysis #optionsstrategies #TraderMindchatShow

When should you sell? It’s one of the most important (and toughest) questions traders face. In this episode, we break down four essential exit strategies to help you manage losses, lock in profits, and stay in control of your trades—no matter what the market throws your way.🔹 Stop Losses: Why defining your exit before entering a trade is crucial.🔹 Profit Targets: How to set multiple sell points to maximize gains.🔹 Backstops: Adjusting your stop-loss as the trade moves in your favor.🔹 Danger Signals: Spotting the warning signs that it’s time to exit.Learn how to improve your execution, avoid emotional decision-making, and structure your trades with a clear selling plan. Plus, we dive into real trade examples, including multi-timeframe analysis and risk-reward calculations, so you can apply these strategies with confidence.💡 Want to take your trading skills to the next level? Check out our Accelerator Program: MARAWealth.com📖 Grab your copy of The Trading Mind Wheel on Amazon!#TradingMindset #StockMarket #RiskManagement #TraderMindchat #Investing #Stocks

Ever exited a trade, only to jump back in and watch your profits disappear? You’re not alone. Overtrading due to FOMO, revenge trading, and emotional decision-making can wreck your success in the market. In this episode, we break down:🔥 The biggest mistakes traders make when re-entering trades🔥 A 3-step process to stop overtrading and protect your gains🔥 How to track your trades and build a plan that actually worksIf you’re serious about improving your trading discipline, this episode is for you. Tune in and start trading smarter today!👉 Join the Accelerator for structured trading support: https://www.marawealth.com/mara-trading-accelerator/📩 DM me with your biggest overtrading struggles!#TradingPsychology #FOMO #Overtrading #TraderMindset #StockMarket

Want to catch the next big stock breakout? In this episode of Trader’s Mindchat, we analyze Netflix’s massive 330% run since 2022 and break down key trading insights from its past moves. Discover why studying model stocks can sharpen your strategy, how to spot early buy signals, and when to take profits before momentum fades.Key Takeaways:📈 The power of studying past model stocks for future gains🔍 How to identify strong breakouts and low-risk entry points📉 Signs that a stock’s run is losing steam—and when to sell📊 Using multi-timeframe analysis to improve trade execution🚀 BONUS: Join our Accelerator group for in-depth stock analysis sessions! Scan the QR code in the episode or visit https://www.marawealth.com/mara-trading-accelerator/#StockMarket #TradingStrategy #NetflixStock #Investing #TraderMindset

Is the market setting up for a massive bull run, or are we looking at another fake-out? Smart traders know that not all breakouts are created equal—and jumping in too soon can be costly.In this episode of Trader’s Mindchat, we break down:✅ Key confirmation signals to identify real market strength✅ Time-saving analysis for part-time traders✅ How to assess market trends quickly using multi-timeframe analysis✅ Managing risk while positioning for high-upside tradesWe also take a deep dive into market internals, including new highs vs. new lows, and share a step-by-step approach to using a position size calculator to optimize your trades.📌 Plus, a look at high-growth stocks, how to spot A+ setups, and why patience in market conditions matters more than ever.🎧 Listen now and take control of your trading strategy!🔗 Get more resources atMaraWealth.com📚 Check out "The Trading Mindwheel" at tradingmindwheel.com📲 Join the conversation: #trading #stockmarket #bullrun #riskmanagement

Earnings season can be a rollercoaster—so how do you prepare for potential drops and protect your portfolio? In this episode ofTrader’s Mindchat Show, we break down how to analyze past earnings moves, identify key support levels, and determine whether it’s worth holding a stock through earnings. Using Decker’s (DECK) and Palantir (PLTR) as case studies, we explore:🔹 How to assess past earnings trends for better decision-making🔹 The importance of having a profit cushion before earnings🔹 Why running vs. pulling back before earnings can signal different outcomes🔹 Key technical levels to watch for risk managementWant to refine your trading strategy? JoinTrader Circle for free! Sign up here: https://lu.ma/marawealth#StockMarket #EarningsSeason #TradingStrategy #RiskManagement #Investing #TraderMindset