Do you have the entire context when it comes to risk management? This is a critical skill within the world of trading and one that must be mastered if you want any true chance at success. Perhaps you’re now asking, “How do we determine the entire context for risk?” Well, in all actuality, it revolves around a single question. Once you answer this question, the numbers will drive themselves from there. Without this question however, you won’t be able to proceed forward in any coherent manner. Yes, you’ll be able to proceed and potentially think you are doing a good job, but you aren’t. I had an interaction with someone on the livestream who stated with confidence they were managing risk and gave me what they were doing. Spoiler Alert, they had a gaping hole in their plans. Let me walk you through this important question you should always be asking yourself as a trader!
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9:22
This Type of Trading Is... Fake? | STR 527
Hmmmm… is this type of trading fake? That’s what I was recently told and perhaps you’ve heard someone make the same claim. This interaction happened on a live stream which was ideal as I could interact with this person in real time. Did this person bring hardcore evidence to the table to support their claim? Were they able to present a case that did indeed expose this trading strategy as fake? I think it’s worth examining their claims and seeing if they carry with them any merit. My goal with myself and for this podcast is to always seek after efficiency and the truth. If we’re doing something wrong, then I think I speak for most people in wanting to learn from it so we can, by default, do what is considered right/efficient. Let’s dig in and see if there’s any logic behind these claims.
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16:18
Is This Your Problem? It was Mine... | STR 526
Do you find yourself struggling in an area of your trading? You aren’t alone! The world of trading is a constant struggle. Oftentimes, it’s the struggle against all those crazy voices in our head that want us to do really stupid things. Other times, it can be more of a unique struggle that won’t be the same for everyone. In this episode of the podcast, I wanted to take the time to share with you a recent problem and struggle I’ve been experiencing. I also want to discuss what the solution to this problem was and how the solution played out in the real world (no worries, this won’t be one of those “I read in a book this is how the solution is supposed to work, in theory”). For some of you, maybe you are having the same problem and not even aware of it? Maybe you have a struggle and can’t quite pinpoint exactly what is causing the struggle. Maybe my solution I talk about in this episode will be the exact solution you need? I can’t say for certainty that my problem is going to be the same as you; however, I’ve talked to many traders over the years and I can say this problem is very common! Let me share with you the struggle I recently endured and what the ultimate solution was.
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16:01
Follow This Indicator During Tariff Drama! | STR 525
Unless you went outside, dug a hole, and shoved your head into it.. You know things have gotten pretty wild around the world from an economic standpoint. If you’re anything like me and others know you’re “in the markets”, you know things are getting dramatic when people start texting you with “you ok?”... “what is going on?”.. Etc. We’re in a unique time and I want to point out what I believe to be the most important indicator to keep an eye on. It’s already being talked about in the headlines somewhat, but for any of you who are loyal listeners, you know I’ve talked about this indicator for years. Trying to cut through all the headlines and opinions you see in the media and social media is essentially impossible. There’s just too much of it! The indicator I share with you in this episode will tell you the true attitudes of people and their thoughts about all this tariff stuff. Let’s get to it!
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14:47
Another Bad Goal for Traders? | STR 524
One of the more challenging parts of being a trader is figuring out the difference between good goals and bad goals. Unfortunately, this is not always a black-and-white situation where a goal is blatantly bad (or good). If you wonder why day trading failure rates are so high, in my opinion, I would say “goal setting” is one of those core reasons. I realize this sounds a bit backwards. Most of us growing up are taught to set goals, strive for goals, and of course… never give up until the goal is achieved! In so many areas of life, this is a fantastic attitude that will produce great results. In the world of trading however, the lines get blurred in a hurry. In this episode I want to talk through a goal that I think does more harm than good.
Let's talk all things trading! No hype. No nonsense. Just a brutal look at the world of trading and what it takes to find success. Hear the ups and downs of trader's journey and the realistic side of what it takes to find consistency and profit.
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