Setting Realistic Expectations and Maintaining Focus in Trading - Tim Racette

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. Limit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/If you'd like to receive new episodes as they're published, please subscribe to Limit up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.Podcast episode production by Dante32.