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Trading Education Posted by Team Topstep February 27, 2020

Mastering Trading Psychology with Anne-Marie Baiynd

Episode Summary:

Humans are optimistic by nature, and when it comes to trading, a little too optimistic. This week on Limit Up! Jack and Dan are speaking with Anne-Marie Baiynd about the psychology of being a good trader. Trading is not intuitive and is a skill that needs to be acquired. The key? Mastering risk management.

Full Show Notes:

As a trader, you need to be a bargain hunter. That’s according to today’s guest, Anne-Marie Baiynd. Anne-Marie is the president and CEO of and author of The Trading Book: A Complete Solution to Mastering Technical Systems and Trading Psychology; so she knows a thing or two about what makes traders tick.

In this episode of Limit Up! Anne-Marie will be walking Jack and Dan through how to train your mind to be a trader. The key ingredient is to master the management of risk.

Jack and Dan are also excited to announce that Anne-Marie will be bringing her expertise to TopstepTrader. Anne-Marie will be using The Trading Combine® for her own trades so all Topstep customers will be able to watch a master in action.

  • [00:16] – This week: Anne-Marie Baiynd
  • [00:41] – Market reaction
  • [09:58] – Interview with Anne-Marie Baiynd
  • [10:54] – The Trading Combine® collaboration
  • [14:30] – Blowing out an account
  • [21:13] – How Anne-Marie found the work love of her life
  • [27:47] – Trained to trade
  • [36:02] – Keeping it simple with triangular moving averages
  • [41:18] – Bargain hunting
  • [44:51] – Separate the process from the outcome
  • [48:39] – Control your destiny

Anne-Marie Baiynd is the president and CEO of Her trading systems combine the proper use of support and resistance, momentum, and moving averages to create a simple, yet highly effective model, boasting greater than 70% accuracy with proper execution, even in volatile markets. She is also the author of The Trading Book, and its companion workbook, The Trading Book Workbook, an accomplished technical trader, trading coach, and group trainer for traders. 

Be sure to follow Anne-Marie @AnneMarieTrades and check out her trading action in Topstep’s Trading Combine®.


What is Limit Up?

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:

Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.

Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.

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.