Traders Improved Trading Podcast: Recent Episodes
Rolf Schlotmann / Quantum Trade Solutions GmbH
Rolf and Moritz have a combined trading experience of over 22 years.
6 years ago, they founded Tradeciety.com and Edgewonk.com where they‘re helping traders improve and find their edge.
In our Traders Improved podcast, we provide actionable tips for traders from our own experiences or from what we have learned mentoring traders for the past 6 years
In this podcast episode, we talked to trader and educator Akil Stokes who shares his journey, trading philosophy, and advice for traders at all levels. He emphasizes price action trading, using structure and patterns.
Akil discusses his shift from strict mechanical trading to a more discretionary price action approach, highlighting the importance of aligning a strategy with a trader’s personality. He also stresses the value of data-driven decision-making, backtesting, and maintaining a trading journal.
The conversation covers scaling up capital, transitioning from day trading to swing trading, and why traders often exit profitable trades too early. Akil also talks about the importance of discipline, curiosity, and adapting to market changes.
For those balancing trading with a full-time job, he advises scheduling trading time wisely and focusing on higher timeframes if necessary. Lastly, he shares insights on prop firms, risk management, and the importance of patience in trading success.
► Connect with Akil:
Twitter: https://x.com/AkilStokesRTM
Website & more: https://tieronetrading.com/akil/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
We had the pleasure of talking to Mandi R. last week. She is a trading performance and mindset coach. In this episode we talk about trauma, dealing with losses, and we go very personal with her.
► Connect with Mandi:
Twitter: https://x.com/MPX_Trader
Website: High Performance Trading
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Why the best traders make 'only' 30% annually, the importance of risk management, and the challenges of sustaining long-term success. Learn why consistency, emotional resilience, and understanding market conditions matter more than flashy returns. Perfect for traders looking to build sustainable and disciplined strategies.
Join my trading program:
► TradeCademy - Tradeciety Trading Course
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
We had the pleasure of sitting together with Yvan Byeajee, known as Trading Composure on social media, and talk about all things trading psychology, habits, consistency, and accountability. We had a lot of fun picking his brain and diving deep into these important trading topics.
Want to connect with Yvan? Here are his channels and trading materials:
Trading Composure book: https://amzn.to/4j1F9cw
Twitter: https://x.com/TradingComposur
Youtube: https://www.youtube.com/tradingcomposure
Instagram: https://instagram.com/tradingcomposure
Facebook: https://www.facebook.com/tradingcomposure/
Website: www.tradingcomposure.com
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Copy and paste the end-oy-year review template below and use it in your own review process:
Step-by-Step End-of-Year Review for Traders
- Performance Review
- Metrics to Assess:
- 5 – 10 largest winners and largest losers.
- Most and least profitable confluence factor.
- Identify periods of strong performance and underperformance.
- Maximum drawdown and recovery time.
- Consistency: % of following trading plan.
- Strategy Review:
- Which strategies worked well? Which underperformed?
- Evaluate trades that deviated from your plan.
- Impact and reasons for missing trades.
- Psychological Performance:
- Reflect on emotional challenges (e.g., fear, greed, overtrading).
- Identify patterns that impacted decision-making.
- Identify the 3 biggest performance killers.
- Note emotional triggers and psychological tendencies.
- Document Key Takeaways:
- Best trades: What worked well and why?
- Worst trades: What lessons can you learn?
- Missed trades: Why did you avoid them?
- Opportunities: What do you want to improve next year?
- Risk Management Audit
- Assess Risk Rules:
- Review position sizing, stop-loss placement, and overall risk exposure.
- Update Your Risk Management Plan:
- Adjust risk tolerance based on results and future goals.
- Audit your reward/risk ratio vs. the impact of trade management.
- Review Your Drawdowns:
- Identify causes of large drawdowns.
- Find your largest negative outlier.
- Create steps to minimize them next year.
- Update Your Trading Business Plan
- Reflect on how well you are set up in the first place.
- Do you find yourself wondering during your trading and unsure what to do in specific situations? Do you feel you have a lot of inconsistencies and noise in your trading? A good trading business plan will plug those wholes and provide guidance in your trading.
- Your business plan should include:
- All trading rules.
- Timeframes and assets you are following.
- Risk management principles.
- Trade management and drawdown rules.
- Guidelines for dealing with news events and adjustments.
- Review Lifestyle and Health
- Trading performance is tied to mental and physical health:
- Reflect on your work-life balance.
- Prioritize sleep, exercise, and mental well-being.
- Plan time off or breaks to recharge and avoid burnout.
- Goal Setting for Next Year
- Behavioral Goals:
- Focus on consistency, risk management, or reducing emotional mistakes.
- Example: “I will not risk more than 2% per trade.”, “I will stop managing my trades.”, or “I will walk away from my screen after two losses in a row.”
- Skill Development:
- Identify areas for improvement (e.g., technical analysis, trading psychology, backtesting, journaling, etc.).
- Commit to educational activities like courses, books, or coaching.
- Process-Oriented Goals:
- Focus on actions you can control:
- Preparing your charts daily.
- Sticking to your trading plan.
- Journaling daily trades.
- Following your risk management rules.
- Focus on actions you can control:
- Celebrate and Reflect
- Celebrate progress and achievements:
- Acknowledge lessons learned, growth, and resilience.
- Maintain a positive outlook:
- Focus on the process rather than short-term results.
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Uncover the essentials of trading system design in this episode of Traders Improved. Learn how to balance win rates with reward-to-risk ratios, tailor your system to your strengths, and build a foundation for long-term success. Perfect for traders looking to create a personalized, effective, and sustainable trading approach!
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Struggling with hesitation and emotional trading? In this episode, I reveal how uncertainty undermines confidence and how data-driven practices like backtesting and journaling can transform your trading. Discover why knowing your numbers (and which ones) is the key to trusting your edge and executing with consistency and control.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Struggling to break out of the frustrating break-even phase in trading? In this episode, we dive deep into the psychology of the break-even mindset, common pitfalls, and practical strategies to move forward. Learn how to improve discipline, build mental resilience, and develop habits that set the foundation for long-term success.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this episode of the Traders Improved Podcast, we explore how to become a better and ultimately profitable trader, even with the demands of a full-time job. Learn practical strategies for finding a trading style that fits your personality and lifestyle, creating structured routines, and managing your time effectively. We’ll also discuss the importance of prioritizing education, avoiding common mistakes like system hopping, and maintaining realistic expectations. Whether you’re new to trading or seeking to improve your consistency, this episode is packed with actionable tips to help you balance trading with a busy schedule and make meaningful progress toward your goals.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this episode of the Traders Improved Podcast, we tackle a question many traders face: When does a trading strategy lose its edge, and what can you do when it does? With markets constantly changing—from economic crashes to normal daily volatility swings—staying profitable requires adaptability. We explore the key differences between static, rule-based systems and flexible, adaptive strategies, helping you decide which approach suits you best. I’ll also break down three actionable strategies for staying relevant: optimizing your setups, adding new setups for different conditions, and, most importantly, knowing when to sit out. By the end, you’ll have practical insights to help you keep a dynamic edge, approach trading with curiosity, and enjoy a more resilient and fulfilling trading journey. Join us and learn how to adapt, stay profitable, and avoid common trading pitfalls!
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this episode of Traders Improved, we explore how traders can distinguish between "good losses" and "dumb losses," adopt a process-focused mindset, and reduce unnecessary risks. We learn actionable strategies for evaluating trades, setting realistic goals, and limiting external influences to build resilience and smarter trading habits.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this podcast, we had the pleasure of talking to Steven Goldstein from Alphaminds. Steven is a top coach in the financial markets and he has worked with hedge funds, investment banks, asset managers, prop firms, traders and other leaders. He also has nearly 25 years as a trader at leading investment banks. His expertise in market dynamics and human performance empowers traders to achieve transformative growth and success.
Links to Steven's work
Twitter: https://x.com/AlphaMind101
His book: https://www.masteringthementalgameoftrading.com/
► Get Edgewonk 3: https://edgewonk.com/
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this podcast I discuss how to find the optimal trading strategy for a beginner and what to look for in your first trading strategy. At the end I also provide some tips on how to start your trading journey and discuss the imporance of demo trading, backtesting, and when to go live.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Links to Dr. Steenbarger's work
► His blog: https://traderfeed.blogspot.com/
► Radical Renewal: https://leadingrenewal.blogspot.com/
► Twitter: https://x.com/steenbab
► Get Edgewonk 3: https://edgewonk.com/
► All supported platforms: https://edgewonk.com/import/
Edgewonk is an online trading journal that allows you to easily record your past trades, learn about your trading mistakes, analyze your trading performance and optimize your behavior to improve your trading performance. The Edgewonk trading journal offers powerful analytical tools, but also provides features that allow the trader to analyze and improve their mental trading game and work on their trading psychology. Edgewonk is an all-in-one trading journal platform that can be used by stocks, Forex, Futures, Crypto, CFD, and commodity traders alike.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Discover the "Trifecta of Profitable Trading" and learn how to set up your trading for success! This podcast dives into 3 crucial aspects: Risk-Reward Ratio, Win Rate, and Risk Management. You'll learn why focusing on high WR can be a trap, and how to develop a probabilistic mindset for trading. We'll also explore position sizing strategies to safeguard your capital and avoid emotional trading decisions. Master these 3 and watch your trading journey take off!
Article I mentioned: How To Use The Reward Risk Ratio Like A Professional - (tradeciety.com)
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
It is impossible to rank the ten listed habits and tips in order of importance. Ideally, a trader can cultivate most of the trading habits listed in this podcast.
However, you also do not want to overwhelm yourself by trying to fix everything at once. Instead, pick one to three and work on them with focus for a few weeks to build momentum once you start seeing results. Over time, you will be able to change your trading for the better.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
The Tradeciety Traders Improved podcast is back! From now on you can expect new, weekly podcast episodes again.
In this week's episode, I talk about overtrading and provide 10 tips on how to beat over trading.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this episode, we sit with Constantin, an independent trader with over 20 years of trading experience. He is a multiple 6-figure funded trader, an expert in everything funding challenges and we chat about his experiences with regards to becoming a funded trader.
Find Constantin on Twitter: https://twitter.com/tradebln
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In today's episode, we'll explore how the choices we make in what we consume - both physically and mentally - shape our lives.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Remember when you started trading and it was all new. A whole new world opened up in front of you with opportunities and endless possibilities. This is the honeymoon phase and every day you learned something new and it was all exciting.
But then, reality settled in eventually – usually after a few months. And that’s where traders realize that trading is harder than it seemed at first and that becoming a professional trader requires more time and effort than initially anticipated.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
When you believe you're inherently bad at something, it shapes your actions. If you think you're bad at math, you might not study hard enough or pay attention in class, leading to poor grades, which then reinforces your belief about yourself and your skills. This is a self-fulfilling prophecy rooted in a fixed mindset, which implies that our abilities are static. But is that really the end of the story?
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In trading, unforced errors refer to avoidable mistakes made by traders, not due to market forces but because of their own decisions or oversights. These errors include taking excessive risks, violating established trading rules, ignoring important market news, and making emotionally driven decisions like exiting a trade prematurely. Such errors often stem from a lack of discipline, inadequate risk management, absence of a trading plan, insufficient research, or emotional biases. Reducing these unforced errors is crucial for maintaining a sustainable and profitable trading strategy, as they can significantly impact a trader's overall performance and financial outcomes.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Let me share the 10 best money habits for traders in this podcast episode.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this episode, I share my recent personal journey and explain the process that helped me establish better routines to improve my results.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
What does it take to become a successful trader? Having mentored traders for the last 8 years, we have seen a lot of traders come and go. But we have also seen similarities among the traders that have shown great progress. This is why we have compiled the eight steps that traders have to go through in order to improve their trading and, hopefully, start making money.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
A feedback loop helps you grow from your mistakes and helps you find opportunities to become a better trader.
A feedback loop has 5 parts:
-
Execution
-
Monitoring / Data gathering
-
Evaluation
-
Adjustment
-
Repeat
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
When it comes to trade entries, traders are usually struggling with early or late entries. In this podcast, I provide tips on how to improve your trade entries.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this podcast, I identify things and activities in your trading that are objectively good for your overall development as a trader.
What are the things that ALL traders will agree are beneficial for your trading!?
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
A psychological bias is like a mental shortcut or a pre-programmed response that our brain uses to help us make decisions faster. It's often based on our previous experiences, beliefs, and assumptions. Biases help us make sense of the world around us and respond quickly, especially when we have incomplete information, or when dealing with too much information to take everything in.
However, these biases aren't always accurate and can sometimes lead to errors in judgment. Most times, they can be quite helpful and save you time, but, when it comes to trading, they can lead to traders making costly mistakes.
In this podcast, I go over the 5 most common and most damaging biases that impact our decision-making as traders.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Now that I am approaching 40, I asked myself what I would tell my 20 year old self that wanted to get into trading.
In this podcast, I share my thoughts and provide some practical tips for young traders.
Timestamps from the episode:
0:00 Start
0:22 You have time
1:46 Play the long game
4:06 Realistic expectations
5:50 Are you a day trader or a swing trader
8:07 Good habits, backtesting, journaling
10:09 Demo trading
11:15 Position size
12:58 Get an education
15:04 You can have a part-time job
16:45 It takes money to make money
17:45 Admit when trading is not for you
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this episode, I talk about the seven most important character traits for aspiring traders. I also provide practical tips for each of the seven points that can help you in your trading.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Most traders know that they need to have a trading strategy that "fits them personally" in order to execute it with confidence. But how to actually tailor a trading system to your own needs if often unknown.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
To help you with an overview of the 9 points I discuss in the podcast, here are the principles:
-
Don´t system-hop
-
Learn position sizing
-
Have an exit plan for every trade
-
Rules: a trade is more than an entry only
-
Analyze your trading every week
-
Learn to lose
-
Trade only when everything looks perfect
-
Play the long-game
-
Take trading seriously
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
It can be hugely beneficial to understand what type of trader you are. But if you are a new trader and don´t lack the awareness to truly understand your trader type yet, we can get to know ourselves by looking outside of trading.
For example, by looking at your gamer type, we can pretty accurately estimate our personality type and identify our strengths and weaknesses. This leads to some interesting observations and helps us improve our approach to trading.
The podcast I was referring to:
https://sites.libsyn.com/115004/628-dr-k-healthy-gamer-why-are-we-all-so-addicted-to-our-screens
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Implementing long-term habits and trying to change your life for the better can seem such a daunting task. Because it is.
In this podcast episode, I want to introduce a more fun approach to improving your trading over time. I share my favorite approach that I use in my trading and outside of my trading to have fun with creating better habits and trying new things out.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Going from losing to profitable trader is often surprisingly simple.
In this podcast episode, I explain how avoiding big losses is usually the fastest way of turning your trading around.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Do you set yourself goals, but the first time you break your rules and deviate from the plan, you throw all good intentions out the window and forget about your goals?
I think this is a common phenomenon and I have been struggling myself with it personally. I want to share my thoughts on this important topic.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Do trading strategies work forever? Or is there a time when a trading strategy stops working? In this episode, I share my own experiences and thoughts on the topic.
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
The trading question that I get asked the most is: what is the best timeframe?
Although it´s a very important one, there is much more to this question than first meets the eye. In this podcast episode, I break down the question into two parts and share my thoughts on it.
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Our premium trading offers:
Our new mentoring program for traders:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Today, I am going over some of the most popular trading advice and trying to distill practical and helpful trading advice that you can apply in your own trading right away.
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Our premium trading offers:
Our new mentoring program for traders:
► https://tradeciety.com/academy
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Trading can be frustrating at times. But there are some great techniques and mindset hacks that you can use to overcome challenges and become a stronger and more resilient trader.
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Our premium trading offers:
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Our new mentoring program for traders:
► https://tradeciety.com/academy
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In today´s podcast, I discuss the important questions of whether trading, and especially Forex trading, will go away. My goal is to provide a different and honest perspective to help you make the best decision going forward in your journey as a trader.
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Our premium trading offers:
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this podcast, I break down a 5 step process that will help you make progress in your trading journey.
Step 1: Avoid big losses
Step 2: Complete trading rules
Step 3: Discipline holds everything together
Step 4: Confidence through work
Step 5: Expectation management
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Our premium trading offers:
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
A trader who can truly accept losses has a much higher chance of making it.
Traders who cannot take and/or accept losses will trade in a constant state of fear. They will doubt their system and trade emotionally all the time.
In this podcast, I share why it is so important that you as a trader fully accept losses as something normal that should not (and cannot) be fought.
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Our premium trading offers:
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Many traders try to run before they can walk. In this podcast, I explain why it is so important to build a strong foundation and work on your trading basics first before getting into the nitty gritty.
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Our premium trading offers:
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
How you create a good trading strategy in 10 steps:
- Think about the idea and premise of your setup (trend following, breakout, reversal, day trading, swing trading, etc.)
- Write down some basic rules for entry, stop, target
- Find 10 - 20 screenshots of the perfect trades based on the previous rules and premises
- Analyze the collected screenshots and write down what they have in common
- Update your rules from step 2 and get more precise based on steps 3 and 4
- Now do a backtest and find at least 30-50 trades in the backtest
- Analyze the backtest results and adjust rules if needed
- Do another backtest and start experimenting with different exit, stop, and target strategies
- Find the optimal set of parameters and write out all final rules
- If backtest shows profits, then take it on a demo account
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Our premium trading offers:
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Backtesting and deep chart work are probably the best use of your time as a trader.
Backtesting really helps you improve your pattern recognition in a short amount of time.
You will also get to learn your trading strategy intimately and your confidence will improve.
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Every Tuesday I also release a new video on our YouTube channel:
► https://www.youtube.com/tradeciety
And every 2 weeks, I write a new post on our trading blog:
► https://tradeciety.com/
Our premium trading offers:
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this episode, I share 11 insights that I gained after watching the Netflix series BreakPoint which follows some of the best tennis players through the most important tennis tournaments. I found the insights some of the top players share super interesting and highly applicable to trading.
Do you want to get more trading tips and insights from me?
Then take a look at my weekly trading newsletter which I am sending out every Thursday:
► https://tradeciety.com/newsletter
Every Tuesday I also release a new video on our YouTube channel:
► https://www.youtube.com/tradeciety
And every 2 weeks, I write a new post on our trading blog:
► https://tradeciety.com/
Our premium trading offers:
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
In this episode, I am going through two very helpful mindset hacks that can make a huge difference in your trading. I am also sharing a little bit about my personal routine and what has helped me.
I also mentioned the new weekly trading newsletter that I am sending out every Thursday. You can sign up here for free:
► https://tradeciety.com/newsletter
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Last week, I tweeted a poll on my Twitter account (https://twitter.com/Tradeciety) and I gave traders the choice between three trading strategies.
-
80% Winrate and 1:1 RRR
-
50% Winrate and 2:1 RRR
-
30% Winrate and 5:1 RRR
And although most traders gave the correct answer when looking at the numbers only, there is a lot more to choosing the right trading system than just pure money.
In this week´s podcast episode, I talk about the most important concepts when it comes to winrate, reward:risk ratio, and what traders should consider in their trading.
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
I was asked on Twitter (@Tradeciety) what to do in order to progress from break-even trading to profitable trading.
Having reviewed dozens of trading journals over the years, I have come across this exact situation many times and in this podcast, I share the best tips on how to audit and change your trading approach to make the next step in your trading journey.
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Today I want to talk to about what it means when traders say that "we put the odds in our favor". I found two great analogies that will hopefully help you understand this concept because in my experience it is one of the most important ones to follow in trading.
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Last month I reached out to my YouTube followers and I asked what the biggest struggles in their trading are.
Today I picked 10 of the most interesting and most commonly asked questions and provide my view and share some tips on how to deal with those situations.
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
The Traders Improved podcast is back. I want to say a BIG THANK YOU to all of you who kept sending nice emails my way. This was finally the reason that motivated me to restart the podcast.
In this episode, I talk about why it is so hard to do the things that we know we should be doing. I then also provide some tips on how to improve your decision making as a trader.
I think I am a bit rusty when it comes to podcasting but it will be smoother soon :) I will be back in 2 weeks with the next episode.
Our new mentoring program for traders:
► https://tradeciety.com/elite
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
In this week's podcast, I talk about the three-step process that will help you improve your trade quality and stop repeating the same mistakes over and over again.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Backtesting is such a valuable activity as a trader and it goes way beyond just looking for potentially profitable trading strategies.
In this podcast, I share 8 benefits and reasons why backtesting is something every trader should do on a regular basis.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
There is one key trait that will help you master trading and any other area in your life.
In this podcast episode, I am exploring one of the most important concepts that will help anyone go from losing to a consistently winning trader.
Non-trading book recommendations:
Against the gods: The remarkable story of risk
Gambling Wizards: Conversations with the World’s Greatest Gamblers
The Subtle Art of Not Giving a F*ck
The Last Lecture - Randy Pausch
The Untethered Soul: The Journey Beyond Yourself
The ONE Thing: The Surprisingly Simple Truth About Extraordinary Results
The Greatest Salesman in the world - Og Mandino
Zero to One: Notes on Startups, or How to Build the Future
The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Biography recommendations:
Arnold Schwarzenegger - Total Recall
Phil Knight - Shoe Dog
Andre Agassi - Open
Sam Walton: Made In America
The Mamba Mentality: How I Play
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Trading Psychology is a very wide field and there is so much to tackle when it comes to improving your mental game as a trader.
But after working with hundreds of traders over the last 6 years, there has been one key mental skill that really stands out among the best traders that I have mentored.
In this podcast, I discuss the role of patience and impulsivity in trading and also provide practical tips and exercises on how to improve your mental game in those areas.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Being ready to deal with failure and setbacks in trading is a key skill.
Failing to deal with failure is going to destroy your mental and financial capital and make profitable trading impossible.
In this podcast episode, I am proposing a different approach to dealing with setbacks.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Many traders will get to a point where they feel that they need to take a break and can't keep on trading.
In this podcast episode, I am talking about this common phenomenon, what leads to it and how to go about it.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
The most common negative emotions in your trading are probably fear, anxiety, and doubt.
But did you also know that those emotions play a very important role?
We can actually use those emotions to improve our trading. How? Find out in this week's podcast episode.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
I recently stumbled over Ed Seykotas's famous quote:
“Win or lose, everybody gets what they want out of the market.” — Ed Seykota
I found this quote intriguing although I didn't fully agree with it at first.
In this podcast, I share how I interpret this quote and what important lessons to draw from it.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Having a trading strategy that fits you personally is very important when it comes to being successful.
Failure in trading can often be traced back to having a trading strategy that is not playing to your strengths. In this podcast episode I discuss the different components of a trading strategy and how they influence your trading experience.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
I have been talking to traders for many years about what it takes to become successful. And once we get past the talk about entries or indicators, we always arrive at one core meta skill.
In this weeks podcast I am sharing with you a skill that I personally find extremely important when it comes to get things done in life and move forward.
Let me know if this resonates with you.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
The perfect trade goes through 6 stages. Many traders struggle is because they focus all their energy and time on just the entry stage and completely neglect the rest.
This results in inconsistencies and a lack of confidence in your trading because you don't know what to do with your trade beyond the entry. In this podcast episode, I walk you through the 6 stages of a trade and provide tips on how to tackle each one.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
The decision of whether a trader wants to become a swing trader or a day trader is one of THE most important decisions a trader has to make. The implications are huge and most traders don't fully understand what the differences are.
In this episode, I explain why it's so important to take time and what to consider before making this decision.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
I have seen many traders come and go and one of the main issues that traders face is the hunt for the 'perfect system'.
In this episode, I am sharing practical tips and some mindset hacks that will help you achieve a better approach to improving your trading.
My trading course bundle:
► https://ultimatepriceaction.com/
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
In this episode, I share all my thoughts and for for successful backtesting. I also provide a lot of 'mindset-hacks' that will help traders approach their backtest in the right way.
The video I mentioned for a practical backtest example can be found here: https://www.youtube.com/watch?v=aH5aK2BpEN0
My trading course bundle:
► https://ultimatepriceaction.com/
My Forex mentoring program:
► https://tradeciety.com/premium
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Are you the person that cuts corners, looks for shortcuts, and says things such as 'this is good enough'?
If so, then this episode is for you. We talk about the mindset of excellence, what it is, how to develop it and why it's so important for achieving success.
My trading course bundle:
► https://ultimatepriceaction.com/
My Forex mentoring program:
► https://tradeciety.com/premium
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
One of our traders recently asked how to deal with his fear regarding support/resistance levels on his charts? He said that he is always scared to either pull the trigger on his trades or to stay in winning trades long enough because he worries about every technical obstacle on his charts.
My trading course bundle:
► https://ultimatepriceaction.com/
My Forex mentoring program:
► https://tradeciety.com/premium
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
Finally, the Traders Improved podcast is back. After a break that was way too long, the podcast is back with weekly episodes and (hopefully) helpful trading ideas.
In this short episode, I'm just saying hello and welcoming you back. I also share the approach that I am planning to take with the new podcast episodes.
The first full podcast episode will come this Thursday.
My trading course bundle:
► https://ultimatepriceaction.com/
My Forex mentoring program:
► https://tradeciety.com/premium
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
I have been absent from the podcast for a while now. But this is not because I don't like doing it. Quite the opposite.
I was trying to figure out where the podcast is going and after doing around 170 pure trading-related podcasts, I felt that I have said it all.
So in this new season 2 of the podcast, we are changing the format and I will introduce you to what to expect going forward.
Which of the 10 trading tips resonates most with you? What is the one thing you struggle most with currently?
Leave a comment and I will address it in a separate podcast in the future!
My trading course bundle:
► https://ultimatepriceaction.com/
My Forex mentoring program:
► https://tradeciety.com/premium
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
For this week's podcast, let's talk about something that is non-trading-related. But I am positive that it can still have a huge positive impact in your life.
I would really love to hear your take on today's podcast and also if you take up my challenge :)
Let me know in the comments!
If you want to get the right answers, you need to ask the right questions!
In this week's episode, I share some tips on how to ask the right questions for your trading that will lead you to take better actions.
► Book mentioned
Against the gods: https://www.amazon.com/Against-Gods-Remarkable-Story-Risk/dp/0471295639
My trading course bundle:
► https://ultimatepriceaction.com/
My Forex mentoring program:
► https://tradeciety.com/premium
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
The question about the best moving average for your trading comes up almost every time I talk to traders. In this week's podcast episode, I am providing some tips and insights into strategy development and what it takes to become a better trader.
My trading course bundle:
► https://ultimatepriceaction.com/
My Forex mentoring program:
► https://tradeciety.com/premium
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
In trading, we can distinguish between three types of edges:
-
Information edge
-
Chart edge
-
Mindset edge
In this podcast, I go through each one and hopefully help you get a better understanding of what it takes to improve your trading.
My trading course bundle:
► https://ultimatepriceaction.com/
My Forex mentoring program:
► https://tradeciety.com/premium
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
I often get asked what is better?! Breakouts or pullbacks?
In this podcast episode, I try to shed some light on this very important question and how to go about defining your edge as a trader.
My trading course bundle:
► https://ultimatepriceaction.com/
My Forex mentoring program:
► https://tradeciety.com/premium
Edgewonk trading journal:
► https://www.edgewonk.com use discount code: tradeciety
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Moritz has been a day trader for many many years.
In this video, I sit with Moritz and we go over the most commonly asked day trading questions.
Timestamps from the video:
01:09 Best instruments
03:00 Best times of day
05:07 How many instruments to trade
07:25 Best timeframes as a day trader
09:45 Tips for choosing a broker
12:00 Position sizing in day trading
15:48 Emotional challenges as a day trader
18:35 Day trading with a job
What do you want me to ask Moritz in our next 'Ask a day trader' video? Leave a comment below!
In our Forex mentoring program, Moritz teaches his day trading strategy and you can learn swing trading from Rolf:
► https://tradeciety.com/premium
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Today I talk about the SINGLE most important thing to improve in your trading. And it is not even close.
Unless you have a good grasp of the concept I discuss in this podcast, nothing else will matter in your trading.
Links mentioned
Edgewonk trading journal: https://edgewonk.com/ use discount code: tradeciety
Our Forex mentoring: https://tradeciety.com/premium
Video about efficiency: https://www.youtube.com/watch?v=zFHZhwkig80
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
In this week's podcast, I share our experience from mentoring over 1000 traders over the years. Specifically, I look at what our most profitable traders do differently and how they progress through their trading journey.
Links mentioned
Our Forex mentoring: https://tradeciety.com/premium
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Trading is very difficult on the mindset and whenever we look at a trade or a chart, we could have done something differently to make more money or lose less.
This constant 'what if' can eat away your mental capital. But there are ways how to protect your mindset and help you deal with the constant feedback the market provides.
Links mentioned
Edgewonk trading journal: https://edgewonk.com
Disclosure: We are also the creators and behind Edgewonk
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
When to quit a trading strategy checklist:
-
Make sure you didn't break your rules for the last 50 trades.
-
Have trading rules for all parts of your trading strategy
-
Entries
-
Stops
-
Timeframe usage
-
Targets and exits
-
Trade Management
-
Make sure you adhere to sound risk management principles
-
Journal every single trade
-
Review weekly and make targeted adjustments
Links mentioned
Edgewonk trading journal: https://edgewonk.com
Disclosure: We are also the creators and behind Edgewonk
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
In this podcast, I go over the 8 steps and components that need to be defined in order to create a robust trading strategy.
The 8 strategy components are listed below:
Trading Strategy Component
Your pick
Strategy
Scalping, Day Trading, Swing Trading
Timeframe(s)
Choice and usage of HTF and LTF
Markets
Define markets suited for TF and Strategy
Entry
Entry rules and 10 perfect screenshots
Stop loss
ATR, BB, MA, high/low, SR,
Take profit
Fixed RRR, ATR, MA, HTF, SR
Trade management
Active vs passive
News, overnight, weekend
Define your approach
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
The 11 quotes from the podcast:
-
“Music is the space between the notes,” because an analogous statement about trading—Trading is the space between trades.
-
There are two parts to a trade: direction and timing. And, if you’re wrong about either one, you’re wrong on the trade.
-
You have to have an edge to make money, and a chart pattern does not give you an edge.
-
Don’t trade so large that fear dominates your trading.
-
Impulsive trades are often triggered by impatience—an urge to do something while you are waiting for a trade that legitimately meets your criteria. The market rewards patience and trades borne of impatience are usually detrimental.
-
If a trade is not acting as expected, cut losses immediately.
-
If you ever find yourself in a trade based on hope, get out. You need conviction, not hope, to stay in a trade.
-
Learning from mistakes is how you become a better trader.
-
After taking a loss—particularly a substantial loss—it is common for traders to experience a compulsion to try to quickly make money back in the same market. Resist this temptation!
-
Don't ever listen to anybody when you are in a position. Stick to your own approach and avoid being influenced by contradictory opinions.
-
After you get out of a trade, whether it made or lost money, you have to forget about it like that [he snaps his fingers].
Link to the book on Amazon: https://www.amazon.com/Market-Wizards-Traders-Youve-Never/dp/B08F2Y6BD6
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
I completely changed my take on system hopping. Also, in this episode I talked about how a strong why will help you push through the tedious tasks every day. And I also share my thought of the week :)
Links mentioned in the episode
Lex Fridman podcast: https://www.youtube.com/watch?v=1YbcB6b4A2U
Perfect average day: https://www.youtube.com/watch?v=zRj3LzC6ujY
Connect with me
My website: https://tradeciety.com/
My YouTube channel: https://www.youtube.com/tradeciety
My Instagram: https://www.instagram.com/tradeciety_official/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Are the 'big players' out there to get you in your trading? Do the banks and the funds trade against you?
In this week's episode, we explore different concepts of market manipulation.
My Instagram: https://www.instagram.com/tradeciety_official/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
This is a three-part episode and I talk about three different topics: 1. How do we deal with the need for certainty in our trading? What is the best trading strategy when it comes to having more certainty? 2. Do you need a complex trading strategy or is it enough to have a simple one? 3. The concept of saving up to make a move' in your life and take a shot at your goals.
► My Forex mentoring: https://tradeciety.com/premium ► Edgewonk trading journal: https://edgewonk.com/ Links mentioned: Mandi on Twitter: https://twitter.com/MPX_Trader Mandi's Homepage: http://www.tradingpsychology.com.au/ ► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
This question was sent in by a follower on my Instagram channel.
If you want your question answered in the next podcast, you can send it to me via Instagram: https://www.instagram.com/tradeciety_official/
Join me every Tuesday for a live stream on my YouTube channel (https://youtube.com/tradeciety).
I go over current live charts, explain the best setups, share tips for technical analysis and answer your trading questions.
The times for the YouTube live stream is:
7 am - New York, US
8 am - Rio de Janeiro, Brazil
12 pm (noon) - London, UK
6 pm - Bangkok, Thailand
9 pm - Sidney, Australia
You can also find the upcoming live stream link for the current week here: https://www.youtube.com/channel/UC9qrrcSPGThjS_YfuX_RGag/videos?view=2&live_view=502
Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Any and all liability for risks resulting from investment transactions or other asset dispositions carried out by the customer based on information received or market analysis is expressly excluded by Quantum Trade Solutions GmbH. All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. It does not constitute and cannot replace investment advice. We, therefore, recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
In view of the high risks, you should only carry out such transactions if you understand the nature of the contracts (and contractual relationships) you are entering into and if you are able to fully assess the extent of your risk potential. Trading with futures, options, forex, CFDs, stocks, cryptocurrencies and similar financial instruments is not suitable for many people. You should carefully consider whether trading is appropriate for you based on your experience, your objectives, your financial situation and other relevant circumstances.
Information and Opinions: Information on this site is provided solely for informational or general educational purposes and should not be construed as an offer to sell or the solicitation of an offer to buy securities or to provide investment advice. The opinions and analyses included herein are based on sources believed to be reliable, but no representation or warranty, express or implied is made as to their accuracy, completeness, timeliness, or correctness. All information contained herein should be verified independently.
Results: Past performance is not necessarily indicative of future results. Investment information may not be appropriate for all investors. HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.
Tuesday is Tradeciety day! Well, it is from now on :)
As mentioned in this short announcement, our regular podcast day is going to be Tuesday. Every Tuesday, I will release a new podcast episode.
But there is more!
Join me every Tuesday for a live stream on my YouTube channel (https://youtube.com/tradeciety).
I go over current live charts, explain the best setups, share tips for technical analysis and answer your trading questions.
The times for the YouTube live stream is:
7 am - New York, US
8 am - Rio de Janeiro, Brazil
12 pm (noon) - London, UK
6 pm - Bangkok, Thailand
9 pm - Sidney, Australia
You can also find the upcoming live stream link for the current week here:
https://www.youtube.com/channel/UC9qrrcSPGThjS_YfuX_RGag/videos?view=2&live_view=502
Podcasts I mentioned in this episode:
The one you feed
The collective podcast
Art department
Reach out to me if you enjoy my podcasts and let me know
Instagram: https://www.instagram.com/tradeciety_official/
Twitter: https://twitter.com/tradeciety
Where are you stuck on this competence ladder in your trading right now? Get my free ebook with the 10 best tips for trading success: https://tradeciety.com/bootcamp-registration/ For my premium trading education, take a look at my new and updated trading courses: ► Price Action trading strategy: http://ultimatepriceaction.com/ ► Multi-timeframe trading: https://dailybiastrading.com/ ► Trading Psychology course: https://tradingpsychologycourse.com/ ► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Find Mandi online Website: http://www.tradingpsychology.com.au/ Twitter: https://twitter.com/MPX_Trader LinkedIn: https://www.linkedin.com/in/mandipourrafsendjani/ Shownotes DISC Profile: https://www.tonyrobbins.com/disc/ Timestamps 00:15 Introduction to Mandy 00:50 why is it so hard to follow a trading plan? Why do we break the promises we made to ourselves? 06:15 Is DISC profile reliable over time? Can people change after being profiled? 12:40 The definition of “Ego” – two parts 14:30 “Trader’s Power Pyramid”: One’s natural abilities vs. What one wants vs. reality 16:25 How to find the trading style that fits you? 21:00 Why people don’t follow their strategies (point 2) 22:16 How to learn to follow rules and have more structures? 26:33 How to be objective when taking profiling tests? 28:32 How to stay motivated when the trading results aren’t going well? 33:10: “Be present, focus on the future” & “Manifestation of Future” 36:20 How to pull yourself out of a downward spiral? 38:50 How to be present? 44:04 Signs from your body for your status of mind 47:30 How to develop self-awareness? 51:30 “Mental fitness“ vs. “Mental stuckness” ► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
What is your favorite trading quote?
Get my free ebook with the 10 best tips for trading success: https://tradeciety.com/bootcamp-registration/ For my premium trading education, take a look at my new and updated trading courses: ► Price Action trading strategy: http://ultimatepriceaction.com/ ► Multi-timeframe trading: https://dailybiastrading.com/ ► Trading Psychology course: https://tradingpsychologycourse.com/ ► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Many traders will ask themselves this question. I provide my take on it and how you can reframe your mindset around this very important topic.
Get my free ebook with the 10 best tips for trading success: https://tradeciety.com/bootcamp-registration/ For my premium trading education, take a look at my new and updated trading courses: ► Price Action trading strategy: http://ultimatepriceaction.com/ ► Multi-timeframe trading: https://dailybiastrading.com/ ► Trading Psychology course: https://tradingpsychologycourse.com/ ► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Links mentioned in the podcast: Beeple's Instagram: https://www.instagram.com/beeple_crap/ Beeple's website: https://www.beeple-crap.com/ Auction article: https://www.businessinsider.com/beeple-sells-latest-nft-runner-up-bidder-record-crypto-art-2021-3 Get my free ebook with the 10 best tips for trading success: https://tradeciety.com/bootcamp-registration/ For my premium trading education, take a look at my new and updated trading courses: ► Price Action trading strategy: http://ultimatepriceaction.com/ ► Multi-timeframe trading: https://dailybiastrading.com/ ► Trading Psychology course: https://tradingpsychologycourse.com/ ► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
FXCM study mentioned in the podcast: https://www.fxcm.com/markets/education/traits-successful-traders/
Edgewonk mentioned in the podcast: https://www.edgewonk.com
Trading in the zone: https://www.amazon.com/Trading-Zone-Confidence-Discipline-Attitude/dp/0735201447
► My new trading strategy: https://dailybiastrading.com/
► My Forex mentoring program: https://www.tradeciety.com/premium/
► Trading Psychology course: https://tradingpsychologycourse.com/
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Today, we get off-topic for a bit and I am sharing my thoughts about making money online in other ways.
Powerpoint slides from the presentation:
https://www.dropbox.com/s/haf24bxbla1u2gi/business.pdf?dl=0
► Trading Psychology course: https://tradingpsychologycourse.com/
Watch the whole webinar on YouTube: https://www.youtube.com/watch?v=Kvtic0gU-LA&feature=youtu.be
► Join the free Telegram group: https://t.me/TradersImproved
In this episode I share a story of a trader that we mentored and how his transition to full-time trading went.
► Join our mentoring: https://www.tradeciety.com/masterclass/
Disclaimer: The experience reports and comments shown constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits nor will it do so. Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
The concept of confluence will help you improve your trading processes and, therefore, also your results.
I get this question A LOT.
So here are my thoughts and tips when it comes to dealing with fakeouts in your trading.
How do you deal with obstacles?
There are two kinds of people:
The majority, when faced with any problem, will immediately try to put the blame on something or someone else. Which is, to some degree, understandable because it will shield you from looking bad. But it will also keep you from making progress.
The second group of people will ask: what can I do to make this go away? What are the things in my power that allow me to deal with this effectively? Such an approach is empowering because you do not rely on outside circumstances for your problems to go away...
Are you scared to pull the trigger in your trading? There is help!
Seth Godin and Tim Ferris podcast: https://tim.blog/2020/10/26/seth-godin-the-practice/
Edgewonk trading journal: https://edgewonk.com/
In this episode, Rolf picks Moritz brain about strategy development, how to go about it and the importance of developing new strategies.
In this trading podcast, we dove deep into trading psychology, the mindset and what it takes to become a professional trader.
Find out more about Michael Lamothe:
https://www.marawealth.com/
https://www.instagram.com/michaelglamothe/
https://www.youtube.com/channel/UCwx53FtzoWtVn0sN65WolpA
In this episode of the Traders Improved podcast (all previous episodes: https://www.tradeciety.com/podcast) about the trading mindset, his trading journey, the most important trading tips and much more.
Find out more about Nick:
https://a1trading.com/
https://www.youtube.com/channel/UCPCPE5MoI7DS1WiVB_-mzNw
https://www.instagram.com/a1tradingteam/
Most traders spend their time trying to control the uncontrollable.
By shifting your focus on the things you can control you become the person in the driver seat and take full control over your trading.
In this episode, I talk about the importance of defining your goals and having realistic expectations.
In this podcast episode, we had the privilege to talk to Constantin who has been trading for 20 years and for the last 7 years as a full-time trader.
He is an independent retail trader and he shares his process, his daily trading routines and how he stays motivated every day.
Constantin on Twitter: https://twitter.com/tradebln
Links we mentioned:
- Van Tharp's home study course: https://www.vantharp.com/peak-performance-homestudy-including-audio
- Van Tharp's book: https://www.vantharp.com/trading-beyond-the-matrix-the-red-pill-for-traders-and-investors-soft-cover
- Edgewonk trading journal: http://edgewonk.com/
Many traders can keep it together for a few days/weeks/months and get around managing their emotions, but eventually, your emotions will find a way out. And the longer you suppress them, the more impactful they will manifest when they break out of you.
In this podcast episode, I provide a different approach to trading with emotions and how to get there.
In this episode of the Traders Improved podcast (www.tradeciety.com/podcast), we had the privilege of speaking to Steven Goldstein and Mark Randall.
We had a wide-ranging conversation and talked about the best practices the best traders have, gratefulness and the benefits for trading, the power of letting go, why it's so important to take care of yourself, the ego, beginner mindset and much more.
If you like this episode, make sure to leave a review on your chosen podcast platform. Thanks!
Links from the episode:
Alpha Mind podcast: https://alpha-mind.net/
Alpha R Cubed: https://www.alpharcubed.com/
Alpha Mind Linkedin group: https://www.linkedin.com/groups/3863963/
Steven Goldstein on Twitter: https://twitter.com/AlphaMind101
Mark Randall: https://www.markrandallconsultancy.com/
In this episode, trading coach and psychology expert Mandi Rafsendjani blew our minds. Mandi has worked with thousands of traders over the years and she even sat with market wizard Linda Raschke and got to know many of her "secrets" for becoming one of the best traders of all time.
We went really deep into trading psychology, the mind and explored many fascinating topics that will help traders become better.
Find out more about Mandi
Twitter: https://twitter.com/MPX_Trader
Homepage: http://www.tradingpsychology.com.au
YouTube: https://www.youtube.com/user/HighPerformTrading
Linda Raschke's book: https://lindaraschke.net/trading-sardines/
We had the honor to talk to Dr. Brett Steenbarger (Psychologist, Trader, Author, Trading Coach) and Mike Bellafiore (Co-Founder of the proprietary trading firm SMB Capital and author).
We had a wide-ranging conversation and talked about what sets successful traders apart, how to use your emotions, what it means to trade without ego and many more gems.
If you want us to do a round 2, let us know in the comments and let us know what we should ask Dr. Steenbarger and Mike Bellafiore next time.
Mike Bellafiore
YouTube: https://www.youtube.com/user/smbcapital
All Books: https://www.amazon.com/Mike-Bellafiore/e/B003AR5VFE?ref=sr_ntt_srch_lnk_3&qid=1599112187&sr=8-3 Website: https://smbcap.com/
Dr. Breet Steenbarger
Blog: http://traderfeed.blogspot.com/
All books: https://www.amazon.com/Brett-N-Steenbarger/e/B001IGSOBM?ref=sr_ntt_srch_lnk_1&qid=1599112108&sr=8-1
Radical Renewal: https://leadingrenewal.blogspot.com/
Last week I did Youtube live session on our youtube channel (www.tradeciety.com/masterclass) and for this podcast episode I handpicked a few of the most interesting questions that I was asked during the live session.
The topics range from dealing with fear of entering trades, fear of losing, dealing with uncertainty, what the best timeframe is and much more more.
What does it mean to leave the ego at the door when trading? 18 months ago, I got completely obsessed with the idea of the ego and how to control this little monster that is always interfering with everything in our daily lives. In this podcast, I share my experiences and what I have learned. I would love to hear from you if this makes sense.
in this episode, we had the privilege to talk to Paul who has been involved in the financial markets and trading for more than 20 years.
Paul hs many great lessons to share and we dig deep into mindset, trading routines and how to become better as a trader.
In this episode, Rolf and Moritz talk about how to overcome the fear of losing, how to deal with FOMO, and what swing traders should do when it comes to loss limits.
We also talk about our best habits and how to get into the right trading mindset.
Leave a comment if you want us to talk about your question in the next podcast.
In this podcast, we had the privilege to talk to Akil Stokes who is a trader, a mentor, an athlete, coach and all-around great person.
We picked his brain about discipline, how to develop a winning mindset, trading routines and much more.
We are looking for podcast guests! Do you have an interesting story to tell, then reach out to info@tradeciety.com
Long overdue new podcast episode :)
In this housekeeping episode I cover many different topics from how my trading changed during corona times, what mistakes I made, how I remove noise and why I decided to move to Thailand once again and leave everything behind.
99% of traders fail, yet 99% do the same things all the time. Be different and step outside the box.
When I started out, I followed all the classic "trading laws" such as the trend is your friend, multi-timeframe analysis is the way to go, only trade the majors, and so on...
I was struggling and never felt 100% comfortable with trading. It wasn't until I started doing this differently and started questioning those "trading myths" that my trading saw improvements.
I stopped trend trading and explored different approaches. And suddenly the charts made a lot more sense.
I stopped doing multi-timeframe analysis and my confusion stopped.
I started looking at a lot of different Forex pairs, instead of just the majors. And suddenly I could find way more and way better trades.
Those old myths might have had their right to exist 10, 20 or 30 years ago. But maybe the market and trading, in general, has changed. You need to start questioning things. Don't just blindly accept what people tell you and try how a different approach would feel.
I came across the concept of the "power of silence" recently and it reminded me about an article that I wrote a while back.
In music, if you do not pause between the notes all you get is one beeeeeeeeep. As the famous quote goes: music is the silence between the notes.
If you don't rest between workout days your muscle won't grow. The stimuli are set during the exercise, but the growth happens on rest days.
If you work 24/7, you will burn out and your work quality will suffer. You need to rest so that your mind can recharge and also process what you did in order to come up with ideas for the future.
In trading, you need to trade less if you want to have better results too. Over-trading and always wanting to be in a new trade is dangerous. You need to stop trading when there is no trade, when you do not have an edge, when you feel too emotional or can't perform at your best.
In this episode, I provide more tips on how/when to trade less and how it might transform your trading.
Traders often ask me how they can trade without emotions and trade like a robot.
I always tell them that it's not necessary to avoid emotions and it's also not possible. We are human after all and emotions are what separates us from other life forms. Emotions are powerful and important drivers. We just need to use our emotions in a better way.
You need to stop being reactive, avoid impulsiveness and stop trading when you are too emotionally charged.
Why we can't manage our emotions effectively is because we are not fully aware of them. In today's world with social media, 24/7 phone access, and constant distractions, we have lost the connection to ourselves. We do not recognize when emotions come up. And, therefore, we act based on our emotions without knowing it.
We need to get to a place where we are aware of our emotions when they come up and before they take over. In this episode, I provide practical tips how this can be done and how funneling our emotions can actually help us trade better.
The wrong goals: Money, return, pips You cannot control how much you take out of the market. You cannot control how many setups you get within a week or within a month. You cannot control how many of your trades will go on towards your TP and how many fail. Of course, over the long term, you can have fairly accurate statistics about your performance and expectations, but the short term follows different rules. Anything can happen on a week to week basis.
Thus, having results-based goals can be detrimental to a trader’s performance. If you hit your goal early, are you going to take the rest of the week/month off and miss potentially profitable trades? If not, why do you have such a goal in the first place?
If you are short of your goal, you are more likely to over-trade or take excessive risk. This will, most likely, bring you further away from your goal and lead to an overall bad trading quality.
Finally, where do those results based goals come from in the first place? How did you come up with them? Most likely, they are just made up. I have seen countless of traders performance wishful-thinking calculations where they pull up a spreadsheet and backward engineer how much return they have to generate to meet an artificial goal, such as making 1 million Dollars within a given time period. Obviously, this has nothing to do with reality and the market and the world could care less about what you want. Your one and only job as a trader is to make the best trades possible, but you cannot control when they happen.
I understand that this is a controversial topic but I believe it is important that you approach it with an open mind.
Backtesting might have its place and purpose, but 99% of all traders will never see any benefit from their backtest.
We can probably all agree that trading is 90% emotions (maybe even more). However, during a backtest, all emotional factors are excluded.
What makes trading hard is letting winners run, cutting losses effectively, waiting for the right situation, staying out of the market when there is no trade and being patient when growing your account.
During backtesting, you fast forward candles, you fast forward holding time, drawdowns and losing streaks are over within minutes and growing an account happens quickly.
The learning effect is then absolutely 0. That is why backtests never lead to the same results during live trading.
Of course, live trading can be costly, it will take much longer to learn the craft but it's the only way.
Keep in mind, this is my experience and what I have seen when coaching hundreds of traders over the past 12 years.
If you are not seeing the results you are hoping for, maybe it's time to start questioning your approach.
Trading is 90% psychology in my opinion. Although we might have a great system as traders, the way we execute our system is determined by our psychology and by our mental state.
The way we judge our performance and our trading are determined by our emotions.
You can see the best setup but if you are coming from a series of losses, you might hesitate or trade too small because you lack confidence. And if you just experienced a good run, you will often end up taking bad trades because you are over-confident. When you exit a profitable trade too soon or close a loss too late, emotions are the driving factors behind your decisions as well. And, of course, the big problems such as revenge trading, chasing or over-leveraging are all also a product of our emotions and our inability to manage them.
However, I believe that one specific trading emotion stands above all: Patience. Or better a lack of patience. In my latest podcast, I talked about why I believe that patience is the most important trading emotion / skill.
What do you think? Let me know in the comments below and I would love to hear your thoughts about patience and trading emotions in general.
We are experts at fooling ourselves and at coming up with reasons why it is OK not to do certain things that we KNOW we should be doing.
In this episode, I share some tips on how to add more accountability.
99% of all traders see losses as something bad. The great traders use losses to grow. Sounds cliche but it's the truth.
Today we see how to reframe losses the right way.
When does your strategy stop working? All the time!
In this episode we learn how to stay relevant and adapt to the ever-changing market conditions.