Playlist · by Lozano066
24 episodes, 15 hours 44 mins
Jesse Livermore: Reminiscences of a Stock Operator
Episode 265: I start this episode with a quick market review and rundown of the crisis du jour and then recommend a book for summer reading. Reminiscences of a Stock Operator is a must read classic for any serious student of investing. It’s a quick read, narrative story that’s loosely based on the real life speculator & trader Jesse Livermore (1877-1940). Here’s my favorite Jesse Livermore quote: The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor. -------------------------------------------------------------- The Robots are Coming: A Human's Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores. -------------------------------------------------------------- 10 Wealth Building Principles: http://www.wealthsteading.com/category/wealth-building-principle/ Full archiv...
Trade the Trend not the Volatility
Episode 271: JP Morgan Chase stock is in an uptrend and I don’t think it’s over yet. In this episode, I’ll discuss trading a Trend versus the day-to-day market volatility, using JPM as an example. -------------------------------------------------------------- The Robots are Coming: A Human's Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores. -------------------------------------------------------------- 10 Wealth Building Principles: http://www.wealthsteading.com/category/wealth-building-principle/ Full archives are available at: http://www.wealthsteading.com ------------------------------------------------------------- Subscribe to the Wealthsteading Podcast: via iTunes: https://itunes.apple.com/us/podcast/wealthsteading-podcast/id896417058 YOUTUBE: www.youtube.com/c/JohnPuglianoWEALTHSTEADING Prepare for retirement and gain stock market insight with money manager John Pugliano. For more information visit us at: www.wealthsteading.c...
The Best Place to Put Your Protective Stops
Trading is a business of probability. Every trader will take losses, so we need to use protective stops. Many traders take profits quickly but hold on to losing trades - it's human nature. We take profits because it feels good, and we try to hide from the pain of losses. 3 BAD TYPES OF PROTECTIVE STOPS: * Above/below support/resistance. This can be previous highs/lows, pivot levels, Fibonacci, etc. Too obvious: Stop running. S/R aren’t lines but zones. * Percentage move against entry. Meaningless with regard to the chart and price action. HOWEVER, #1 rule: Must be within your money management rules: No more than ½ of 1% of your trading account. * Volatility stops ATR Parabolic SAR Some traders use this technique because they say you have to allow room for the “noise of the market. Seems logical, except for one huge problem: It violates one of the most well-known rules of trading: “Cut your losses short and let your winners run.” So how do you keep that rule and still allow for ...
Beginner Trading Advice | Episode 7 | Trading Podcast
SIX-FIGURE TRADING | PODCAST Beginner Trading Advice | Mentoring ExperienceWhat is the best beginner trading advice you would give yourself? A common question I get…The answer may surprise you. It’s most likely the answer you don’t want to hear.You probably want to hear about the money you can earn stock trading. If you buy a “how to trade stocks” book, you skip to the entry signal chapter. After all, perfectly timed entries create winning stock trades.Right?Well, to put it bluntly the answer is no.Sure, improving your entry skills is important. You need to understand bull flags, inside candlesticks and breakout trades. You need to understand support and resistance. You need to know how to set a correct stop-loss and how to set a profit target.These are all a part of technical analysis. But they are secondary tactics. Successful trading starts with strategy and money management. Only then do you move to tactics. A great entry into a low-probability trade is still a low-probabil...
039: Tom Dante – Speaks to the competitiveness of trading and essential skill sets for profitability
This week, for episode 39 I had the great pleasure of speaking with Tom Dante (who you may already know from Twitter as @Trader_Dante). But if you don’t, that’s cool – I’ll give you a real quick snapshot now… Tom’s a day trader from London, who tells it exactly how it is, he makes no attempt to soften the blow from the harsh realities of trading. He’s got a really interesting and unique story about how he got started trading, which was around 1999. And from that point on there was a period of about 7 years, where Tom struggled to gain consistency with his trading results (we speak at lengths about this during the first part of the interview). After developing a track record of profitability, Tom joined a prop trading firm, where he learnt many of the solid trading principals that have shaped him into the trader he is today – many of which are discussed during this episode. Now days, Tom is an independent trader who focuses mostly on the Bund market intraday, as well as other...
032: Dan Shapiro – How to handle a run of losses & grind through slumps, while keeping your emotions intact
I’ve received many requests for this weeks guest, in recent months. Maybe it’s because he’s a straight shooter who doesn’t mix his words, or maybe it’s because he’s bounced back from harsh failures, to become an exceptional trader. Whatever the reason may be, I know for certain, you’re going to appreciate the raw honesty and insight of this weeks guest – Dan Shapiro. Coming up from humble beginnings, Dan called on the neighborhood loan shark to fund his first trading account, which got him through the door to one of the largest prop firms at the time. This is where he rubbed shoulders with many phenomenal traders, who helped shape him into the trader he is today. This interview is ultimately focused on the mental and psychological aspects of trading. We discuss some of the darkest moments from Dan’s trading career, how to handle losses and grind through slumps, trading the setup and not your PnL, and why you should care more about trading right, rather than being right. Dan...
030: Tom Basso – The logic of trend following, and how to improve your trader psychology with a Market Wizard
This week we’re taking it up a level… I had the honor of interviewing the legendary Market Wizard, Tom Basso, president of former money management firm, TrendStat. Tom started his working life as a chemical engineer, often discussing stocks and investing with colleagues. As he started to experiment with trading from a $2000 account, there was no beginners luck in sight. Tom consecutively lost money for the first few years before things started to turnaround. With a series of events that followed, Tom went from trading his own money, to forming TrendStat and managing other peoples money. At the peak of his career, TrendStat managed $600million dollars of capital. And while Tom’s now retired, he still actively studies the market and continues to trade. This interview covers many topics that range from trend following and systematic trading, to psychology and why you must never forget to ‘enjoy the ride’.
029: Brian Shannon – The science of technical analysis, versus the art of trading (Founder of AlphaTrends)
This weeks guest is Brian Shannon, who first and foremost is a professional trader, whose involvement with the market dates back well over 20 years. He’s also the author of the highly regarded book, Technical Analysis Using Multiple Timeframes. And thirdly, Brian is the founder of AlphaTrends, an educational company focused on teaching traders how to navigate the market successfully. For the most part Brian is a swing trader, with the occasional day trade in the mix. During the interview Brian discusses both approaches, and gives a few pointers that may help you to discover the right timeframe for your own trading. We also talk about understanding the psychology of market participants within well-known patterns, the two indicators that Brian uses most often (one of them being VWAP – Volume Weighted Average Price), and Brian also walks us through the 4 stages of a market cycle: accumulation, markup, distribution & decline. So all in all, Brian hit on plenty of great topics, and I f...
EP150: The 3-Part Method for Sticking to a Trading Strategy
In this episode of Truth About FX, Walter spills the beans on the best way to keep track of your system and beliefs. How will you know if you’ve found “the one”? Walter lets out a three-part process that has helped him stick to his system that involves reducing risk, avoiding drawdowns, and improving your execution. All this and more in this episode of Truth About FX. Download(Duration: 07:50 / 9 MB) In This Episode: 00:31 – drop a system 02:08 – end game 04:29 – bone 06:22 – bluffing Tweetables: Understand your risk [Click To Tweet]. Trading is a game [Click To Tweet]. Do what you believe in[Click To Tweet]. Hugh: Hi, Walter. Somebody wrote in and asked: They have trouble sticking and believing in a system. Sticking to and believing in their system. They tend to drop a system as soon as it starts showing less than stellar results and they’ll start looking for the next Holy Grail. What would you say to them? Walter: This is really common. In fact, we have another question th...
EP151: The Best Mindset Tools: What Are They?
Is it really your strategy that’s trapping you or is it all in your head? In this episode of Truth About FX, Walters lets out some insider information on some of the best mindset tools that you can use — and where you can find them. Walter will also tell you what each one is and how you can use them to help you have that winning mindset. Download(Duration: 08:22 / 10 MB) In This Episode: 00:41 – routine 02:01 – switched on 03:35 – calm mind 04:50 – habits and beliefs 06:01 – tapping 07:36 – have it stick Tweetables: Calm your mind [Click To Tweet]. Focus in your strategy [Click To Tweet]. Get into what makes sense to you[Click To Tweet]. Announcer: Sometimes, forex trading is a wild and wooly place to be. That’s why Hugh is here, to post your questions to Walter, the naked forex guy. Hugh’s got questions and Walter’s got the answers. Here at the Truth About FX Podcast. Hugh: Hi, Walter. What are some of the mindset tools that you’ve noticed works over the years? Walter: ...
EP152: How To Understand Japanese Candlesticks Better
In this episode of Truth About FX, Walter gives light on the best ways to better understand Japanese candlestick patterns. He shares some useful books and tips for those who want to trade the Yen. He also shares his personal experience and what he thinks of this trade. Download(Duration: 03:39 / 4.4 MB) In This Episode: 00:56 – unreliable 01:18 – totally worthless 02:57 – some ideas Tweetables: Make your own decisions [Click To Tweet]. Find out what works for you [Click To Tweet]. Test for yourself[Click To Tweet]. Announcer: Sometimes, forex trading is a wild and wooly place to be. That’s why Hugh is here, to post your questions to Walter, the naked forex guy. Hugh’s got questions and Walter’s got the answers. Here at the Truth About FX Podcast. Hugh: Hi, Walter. How can somebody learn to understand Japanese candlesticks better? Walter: That’s a really good question, Hugh. I think I can only really speak from my point of view but two things that have helped me the most were ...
EP154: How Do Forex Rebates Work?
In this episode of Truth About FX, Walter gives light as to how forex rebates work and whether you can actually benefit from this. He shares some insider information on the real story behind this, how will you know a legit broker and how the system works . How do brokers work? Is there really money in this kind of networking? And how can you minimize your risks. Hugh also shares his thoughts on this. Walter also shares his first trading job why he would never go back at it. Download(Duration: 06:26 / 7.4 MB) In This Episode: 00:58 – set up a deal 02:50 – cater to that style of trading 03:23 – meat on the bone 05:18 – conflict of interest Tweetables: There’s not much meat on the bone [Click To Tweet]. Check and ask your broker [Click To Tweet]. Be careful[Click To Tweet]. Announcer: Sometimes, forex trading is a wild and wooly place to be. That’s why Hugh is here, to post your questions to Walter, the naked forex guy. Hugh’s got questions and Walter’s got the answers. Here at...
EP156: How to Improve Your Trading Habits
In this episode of Truth About FX, Walter gives two key points on how you can improve your trading habits and thus get better results from a psychology point of view. According to him ,it is always useful to get into the habit of writing your own journal. He also talks about how a hypnotherapist can help your subconscious into forming the correct habits. Hugh talks about how his hypnotherapy session with Jorge has helped him improve his own habits. Download(Duration: 07:34/ 9.1 MB) In This Episode: 00:36 – rewarded for the habit 02:06 – kicking myself 03:13 – have a reminder 04:14 – spot of grass 05:08 – find a hypnotherapist 07:03 – get the recording Tweetables: Reward yourself [Click To Tweet]. Create a routine [Click To Tweet]. You need a cue[Click To Tweet]. Announcer: Sometimes, forex trading is a wild and wooly place to be. That’s why Hugh is here, to post your questions to Walter, the naked forex guy. Hugh’s got questions and Walter’s got the answers. Here at the Tru...
EP157: How to Tell When a Trend has Ended
In this episode of Truth About FX, Walter spill the beans on the million dollar question: how do you know when a trend ends? And what should you do? According to him, you never really know. BUT, you can follow the retracement. He lets out some key point on how to spot a good retracement candle. And did you know there are two ways to spot a possible trend end. Hugh also makes some points on fear of personality and how this is an important key on understanding your own trading judgement. Download(Duration: 07:34/ 9.1 MB) In This Episode: 00:33 – Million Dollar question 01:53 – absolute worst part 03:48 – draw a trendline 04:43 – focus on low-volatility trend 05:47 – a little bit picky 06:56 – try and trick yourself Tweetables: You’ll never know when it’s over [Click To Tweet]. Focus on the little volatility [Click To Tweet]. Trade at the end of a retracement[Click To Tweet]. Announcer: Sometimes, forex trading is a wild and wooly place to be. That’s why Hugh is here, to post ...
8: The “Why’s” That Tell the Story of the Market (incl. Supply & Demand Trading Tips) w/ Gil Ben-Hur
Download the best interview quotes & Gil's strategy here: https://tradingnut.com/gil-benhur/ Or catch it on YouTube https://www.youtube.com/tradingnut?sub_confirmation=1
Master Swing Trading Full-Time Or With A Job - Paul Singh
In episode 146 of the Desire To Trade Podcast, I interview day & swing trader Paul Singh who’s from San Diego.
How To Choose The Best Forex Broker (with the new rules)
In episode 151 of the Desire To Trade Podcast, Iam joined by Trent Hoerr to discuss how to choose the best forex broker. We discuss how to choose a broker for U.S. residents. In addition, we cover new regulations in the U.K. for Forex traders & brokers.
How To Trade Forex Like The Banks - Tony Sycamore
In episode 150 of the Desire To Trade Podcast, I interview Forex trader Tony Sycamore.
Forex Broker Secrets & Tricks You Didn't Know About - Trent Hoerr
In episode 153 of the Desire To Trade Podcast, I am joined once again by Trent Hoerr, the Head of Sales at Forest Park FX.
Develop A Profitable Forex Trading System - Casey Stubbs
In episode 156 of the Desire To Trade Podcast, I interview Casey Stubbs, a Casey Stubbs, a Forex day trader and the man behind Trading Strategy Guides.
"Every Trader Has An Unfair Advantage!"
In episode 157 of the Desire To Trade Podcast, I interview Tim Racette, a successful day and swing trader behind the blog EminiMind.
Neuroscience Tips For Fast Forex Trading Success - Chris Capre
In episode 172 of the Desire To Trade Podcast, I am sitting down with pro trader Chris Capre and Ken, an expert in neuroscience to discuss some neuroscience trading secrets.
Full-Time Quantitative Trader Shares His Secrets - Troy Bombardia
In episode 173 of the Desire To Trade Podcast, I interview quantitative trader Troy Bombardia from Sydney, Australia.
Create your own playlist on Himalaya