Anne-Marie Baiynd — Patience, process, and placing trades on your own terms

Smarter Trading Podcast Episode 4

Anne-Marie Baiynd joins us in Episode 4 of Smarter Trading to share her insights from nearly 20 years trading futures, stocks, and options. We discuss her dynamic strategy of analyzing the battle of supply and demand across multiple time-frames.

We also get into techniques to avoid beating yourself up as a trader when you’re having a bad day, why it’s important to enter trades on your own terms, and why being able to do nothing and sit on your hands is a superpower for traders. Please enjoy this episode!

About Anne-Marie Baiynd

Anne-Marie Baiynd is the president and CEO of TheTradingBook.com and its Chief Market Analyst. Trading since 2005, Ms. Baiynd has been using the simple concepts of support and resistance to create trading strategies that deliver favorable results in many market environments and across all instruments. She is a regular contributor to Stocktwits and Benzinga and is active across social media. Ms. Baiynd’s educational background is as a mathematical statistician and neuroscience researcher.

Watch the interview in video here

Key learning points

► Most traders observe then act but they miss a critical step of orienting
► Price action supply and demand rules all markets
► The ability to simply wait is such an important skill for a trader to acquire
► Why Anne-Marie always assumes she’s wrong when she enters a trade
► How to avoid and manage the internal negative self trader talk
► Why the market is essentially a long vehicle
► Why it’s important to enter trades on your own terms
► Don’t be all in or out, take partial entries or exits
► Manage risk so you can survive to learn over the long haul
► Why it’s so important to set realistic expectations

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Episode timestamps

0:00 Introduction
2:10 Anne-Marie’s background: Mathematics and human decision making
8:30 The ooda loop and how Anne-Marie uses it in her trading
14:00 Anne Marie’s futures trading
19:40 How to not beat yourself up and let emotions take over
27:00 How Anne Marie plans a stock trade
33:20 Being early to a pullback or correction
39:20 Futures trading structure and technique
44:00 The significance of weekly and monthly closes
47:40 Successful trading by improving the underlying process
51:40 Setting realistic expectations

Highlight clip: Realistic trading expectations & balancing reward & risk

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