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Desire To Trade Podcast | Forex Trading Tips & Interviews with Highly Successful Traders

This podcast is all about developing Forex trading skills for more freedom! My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom. What you must know: I'm all for trading foreign exchange, but I think freedom is much more important than time spent in front of your computer. I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for! If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at. I'll help you do that! The Desire To Trade Podcast has for goal to help you develop Forex trading skills for more freedom. I interview successful traders from around the world. My focus is on providing you with lessons from my personal trading experience and my conversations as I trade and travel around the globe.
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Now displaying: 2017
Oct 16, 2017

5 Big Forex Trading Lessons On Trading Success

5 Big Forex Trading Lessons On Trading Success – Show Notes

In episode 114 of the Desire To Trade Podcast, I go solo to share 5 trading lessons I learned while hosting the podcast in the last 2+ years. After all the guests interviewed, I felt it was time to reflect a little and point out thing that you can take action on.

Watch the video on Youtube!

 

Summary - 5 Big Forex Trading Lessons On Trading Success

#1: Being Clear On Your Goal

When I started to trade, I had absolutely no idea of where I was heading. The only thing I cared about what to become profitable.

However, what I didn't realized is that I could have speed up the process by defining a goal and identifying the actions needed to reach that goal.

Most often, massive success in trading involves other activities such as reaching out to people, testing thing, collecting data, etc. Those can be done early to boost your growth as a trader.

#2: Returns (%) Are Irrelevant

Judging a trader by its returns is a poor way to go about it.

I used to think that my job was to find the "best trading strategy for the best return".

However, there are two simple things we can do in trading to increase returns (and or money) we make:

  • Increase your trading capital
  • Increase slightly your risk

What truly matters isn't the return percentage per say. It's the consistency with whatever return you are getting. 

1% per month can be easily boosted to 2% return per month, and eventually 8% per month.

#3: Master-Focus Gets You Results

Mastery in any discipline comes through mastering every part. 

Unfortunately, it's impossible (and counter-productive) to learn about all the parts at once.

If you want to see success quicker in trading, you must master one part at a time.

That might mean taking a course on what you need to learn most right now and putting all your energy on that. 

Then once you see results, you move to the next thing you need to master. 

If you're not sure what to work on today, you can ask yourself: "What is important for me to master now?" or "What do I struggle with the most at the moment?"

#4: Awareness Is A MUST

Awareness has multiple components in trading 

Your energy level

If you trade on low energy, you make more mistakes.

Self-image

Whatever you see yourself as will eventually become true.

Yourself

What are you best at? What do you need to work on the most right now?

If you become aware of yourself, you can decide which direction to go and what to focus on.

#5: Keep The Routines Going At All Costs

Routines in trading are powerful. 

I discovered (the hard way) however that routines easily fall apart once you start traveling while trading.

A change in environment can be tough to remain consistent in your actions.

That's why I now do my best to establish new routines - similar to the ones at home - as soon as I get to a new place.

I make sure I have a process to get in the right state of mind, note down my trades, and review everything I trade.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

 

DesireToTRADE Top Resources

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Oct 9, 2017

113: Day Trader's Story Of Learning Through Failures & Serious Effort - Jerremy Newsome

Day Trader Success Story, Learning Through Failures & Serious Effort – Show Notes

In episode 113 of the Desire To Trade Podcast, I interview Jerremy Newsome,  CEO and co-founder of RealLifeTrading. He came on the podcast to share his day trading success story, marked by a few failures but most importantly putting serious efforts.

Watch the video interview on Youtube!

Jerremy provided several insights when it comes to building the right money beliefs, trading psychology and understanding yourself as a trader.

We also introduce a new segment on the podcast called "Share a trade", in which the guest share a recent trade accompanied by their thought process.

More About Jerremy Newsome

Jerremy Newsome has been professionally trading the stock market since he was 21 years old. Jerremy specializes in candlesticks, gaps, credit spreads, day & swing trading.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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"Know yourself, know your weaknesses, be ok with it, build a plan and follow it." - Jerremy Newsome (click to tweet)

 

 

Resources Mentioned

DesireToTRADE Top Resources

How To Find Jerremy Newsome?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Oct 2, 2017

Get Ready When The Market Moves - William Fong Trader InterviewGet Ready When The Market Moves – Show Notes

In episode 112 of the Desire To Trade Podcast, I interview William Fong, a multiple-market trader with an interesting institutional background. Based in Victoria (Australia), William came on the podcast to share the lessons he learned in the past years, including how to get ready when the market moves.

Watch the video interview!

William places a lot of emphasis on the importance of mastering fundamentals. In his opinion, it's what's provide traders a solid edge. 

Nevertheless, he acknowledges that traders have different styles and that what's most important is to find something you're good at.

More About William Fong

William Fong has over 10 years of macroeconomic, Asian/Australian credit experiences. He began at the ground floors of big companies and made his way up through years of experience.

Today he shares what it looks like to trade for big institutions and work for them.

William has accumulated knowledge on the following products: book runner and structurer on Fixed Income, FX, Interest Rate & Credit Trading.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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"Don't rely on luck, do your homework, learn the fundamental things; just learn as much as you can, because one day you'll need it" - William Fong

 

DesireToTRADE Top Resources

How To Find William Fong?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Sep 25, 2017

111: Making The Million As Prop Firm Trader & Founder - Samuel Leach

Making The Million As Prop Firm Trader & Founder – Show Notes

In episode 111 of the Desire To Trade Podcast, I interview Samuel Leach, a trader, and investor based in St Albans, United Kingdom. He came on the podcast to talk about making the million as prop firm trader & founder.

Watch the video interview!

More About Samuel Leach

Samuel Leach is a trader, investor, and also partner of multiple businesses. At the age of 25, he made his first million pounds. He did it by building businesses as well as trading.

Samuel gained the spotlight when he turned his student loan £2,000 into over £170,000 within a matter of months trading the stock and currency market. He has since grown his trading company to a globally recognized prop trading firm and training house. He owns multiple businesses within different sectors and is always expanding his business reach.

He is now sharing with his students exactly how he managed to generate seven figures from his businesses and supporting others on their business journey.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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"Close the people that are going to try to dishearten you from chasing your dream of being a trader and don't let them bother you" - Samuel Leach

 

Resources Mentioned

DesireToTRADE Top Resources

How To Find Samuel Leach?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Sep 18, 2017

110: Key Experiences & Breakthroughs As A Forex Trader - Etienne Crete

Key Experiences & Breakthroughs As A Forex Trader – Show Notes

Episode 110 of the Desire To Trade Podcast is a reversed interview! My show gets taken over by Forex day trader Kevin Hunt, who asks me questions about my key experiences & breakthroughs as a Forex trader.

It was definitely nice talking with Kevin and getting to share more of my past experiences on the podcast.

If you haven't done so, I recommend you listen to episode 105 in which I interview Kevin.

To learn more about me & what I've been up to, head over the About page. You'll learn what I think of trading, why I do it, and more!

Do you enjoy the podcast?

If you enjoy the podcast, I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast. Reviews are always appreciated!

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"Consistent actions lead to consistent trading results. Plan, trade, review, act, but never ever compare yourself to other people." - Etienne Crete

 

My 6 Key Lessons From This Episode

A Trading Strategy Is Built By Combining Things From Various Sources/People

I believe that there's a common path most Forex traders go through. They start to trade and take pieces from other traders they meet over time.

Very rarely you will find a trader who just copied someone else and then became successful.

That's why you might need to invest in many courses & coaches before jumping to full-time trading.

The key is to keep building things over time. I never regretted investing in myself because I always got a new lesson I hadn't got before.

Find/Use Indicators That Make Sense To You

Some traders love indicators. Some traders hate them. 

What I think is essential is to find things that make sense to you. 

Trading using the Bollinger Bands makes sense to me, but that doesn't mean I'll use them forever. You must be willing to adapt.

The thing is, you'll discover pretty quickly whether the tools you use to trade are right for you or not.

Adopt A 'Continuous Progress' Mindset

For me, it doesn't matter if I fail a little or if I don't perform as I expected it. 

That's because I come into trading, business & life with a 'continuous progress mindset'. 

If you screw up today, don't think about how bad it is. Instead, think of how you can make things better. Be action-focused & keep your eyes on where you're heading! 

Listen: 034: Trade With An Edge & Growth Mindset - Mike Bellafiore

Hang Out With Other Traders To Overcome Hard Times

Without any doubts, the thing that helped me the most in improving my trading was hanging out with more traders.

I started to trade by myself and stayed by myself for roughly the first 2 years. Then, I began going to Meetups & events. I started the podcast.

Those were occasions for me to get bits of advice from the people who had achieved what I wanted to achieve. I can't urge you enough to do that.

The key when you want to surround yourself with more traders and/or successful people is to add value. Don't try to gain/take from other people. Honestly, provide value and you'll be amazed by what you get out of it!

Being Convinced A Trade Is Right = Worst Trading Mistake

During the interview, I share an example of one of worst trades (taken on the SPX500). That was in 2013, I believe.

At the time, I was completely sold on this trade and found all the reasons why it would work out. I kept adding to the trade, and of course, it didn't work out.

Look At Your Results At Intervals Of 10-20 Trades Only

A few months ago, I began sharing my trading results on this blog.

I think that was a mistake, but let me explain... 

The results of a month's trading aren't significant if you only took 5-10 trades that month. It doesn't really show whether your stats are accurate because your sample size isn't big enough.

I intend to keep sharing my trading results but will do so only at intervals of 20 trades. This will be a better opportunity to go back and re-evaluate whether those 20 trades respect the typical statistics of my trading strategy.

You should do the same when looking at your results. Don't look at your stats after every trade!

Resources Mentioned

Desire To TRADE Top Resources

How To Find Me?

I typically list the various places where you can find my guests here. I'd be happy to connect with you on the following social media:

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Sep 11, 2017

109: How Pro Traders Control Their Emotions & Trade Stocks - David Moadel

How Pro Traders Control Their Emotions & Trade Stocks – Show Notes

In episode 109 of the Desire To Trade Podcast, I interview David Moadel, a trader, and investor based in Florida, United States. He came on the podcast to talk about how pro traders control their emotions and trade stocks.

More About David Moadel

David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance.

He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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"Wait for a great trade setup and if there's none - do nothing" - David Moad

 

5 Key Lessons From This Episode

The Market Brings Money From The Impatient To The Patient

Patient traders are usually those who get most rewarded by the market. I have seen this personally over time.

Read: How To Cultivate Patience As A Trader

Listening Recommendations From Non-Traders Is Usually A Bad Idea

The next time a family member tells you about a "hot stock" to buy, think about it twice. 

I never got any results in Forex trading by copying people, and that works in all fields.

Do Not Follow The Majority

In alignment with the previous lesson, following the majority is rarely the way to go in trading & investing.

Most people do not know what they are doing and are acting out of emotion. 

Remember Sam Walton's quote?

"If everybody is doing it one way, there's a good chance you can find your niche by going exactly in the opposite direction." - Sam Walton

Wait For Your Great Trade Setup

While you cannot always wait for the perfect trade setup in the market, the best you can do is usually to wait for a great trade setup.

The market does not produce great trade setups at all times. That's why patience is important.

I recommend writing down the things that make your setup great. For me, taking trades at key support & resistance levels typically transform an average setup into a great setup.

Diversify - Do Not Go All-In On Trade

Proper risk management in trading requires that you do not put all your money on one single trade. This is one of the simplest ways to avoid blowing up your trading account.

Resources Mentioned

DesireToTRADE Top Resources

How To Find David Moadel?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Sep 4, 2017

How To Make A Living Trading Multiple Markets - Steve Patterson

How To Make A Living Trading Multiple Markets – Show Notes

In episode 108 of the Desire To Trade Podcast, I interview Steve Patterson, one of the top proprietary traders based in Toronto, Canada. As someone trading the markets for 37 years, he came on the podcast to talk about how to make a living trading multiple markets.

More About Steve Patterson

Steve Patterson has experience working in the world's largest firms, prop firms, stock broker and floor trader. During his work life, he has seen 3 market crashes and multiple Bull and Bear market cycles.

Now he knows everything about how to master the markets and trade profitably through all environments, which makes him a very interesting guest.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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"Get the right expectations about what this business is and what is possible from this business" - Steve Patterson

 

10 Key Takeaways From This Episode

1. Keep Things Simple, But Not Too Simple

While some strategies found online seem ultra-simplistic, there will always be an aspect that makes trading not so simple. 

For instance, a candlestick pattern by itself is not likely to produce a positive return by itself. You must add rules to limit the trading you'll do (i.e. concentrate on the best setups). That's what I believe is meant by keeping thing simple, but not too simple.

One thing I'm personally a big fan of is to use the Market Phase to determine whether my trade setup appears in the right context.

Read: Successful Price Action Trading In 3 Steps

2. You Take Out Of Trading What You Put Into It

As you've probably heard before, Forex trading is a field in which you should spend more time working on becoming better than actually trading. 

After all, you are competing against the top traders of this world, algorithmic systems, and technology. If that doesn't motivate you to work harder, I don't know what will do it...

I have seen how much you get rewarded for the work you put in outside trading hours. Those hours spent backtesting, researching, journaling, etc. eventually pay!

3. Pick The Market In Which You Have An Edge

What's interesting about Steve Patterson's style of trading is that he decides in advance what market he is going to trade. By sticking to a market for a certain period, he ensures that he trades where there is sufficient volatility.

Although Steve doesn't watch the news, that much, he notices where things are likely to happen through fundamental analysis.

4. Use Fundamental Analysis For Your View Of The Market

Steve mentions early in the episode that he is bearish on the S&P500 since the beginning of August 2017 all the way to the date of the recording (August 17th, 2017).

That was, in part, due to multiple companies missing earning estimates in the recent earning season. He noticed a theme.

He gets to answer: "Is the smart money buying or is the smart money taking profit?"

5. Never Fight An Existing Trend

One of Steve's key lesson to his students is to never fight an existing trend. Instead, he mentions the interesting fact that it is easier to go with the trend instead of going against it - even if the trend is about to end.

6. Indicators Alone Aren't Producing Results

When trading any market, most new traders rely on indicators. I have personally seen how poorly some indicator-only trading strategies perform over the long-run. You can rarely expect consistency unless you add in many filters to your trades.

I have personally seen how poorly some indicator-only trading strategies perform over the long-run. You can rarely expect consistency unless you add in many filters to your trades.

As Steve mentions it, most people don't know why certain indicators/patterns/ work well in certain conditions and not in others. 

That is something you must take into consideration and be able to adapt when you notice a change.

7. Recognize When The Market Is NOT Chaotic

Steve and I spend most of our time saying "No" to trade setups because they happen in the wrong environment - a chaotic market. What's more important is being able to detect when a specific setup is likely to work out.

What's more important is being able to detect when a specific setup is likely to work out.

8. Develop Patience

Patience always pays. After asking Steve about his best advice for traders looking to trade only the Forex market, he replied: "learn to develop patience". 

He added to that: "learn to identify the best setups."

9. Stay Optimistic

Trading is probably the field in which it's the hardest to stay optimistic - speaking from experience here. :)

However, all the results I got in trading occurred when I was optimistic. You must find something to get you back on track when things don't go as planned. My personal resource is listening from inspiring traders on the Desire To Trade Podcast.

10. Coaching Will Set You Apart From Other Traders

When Steve started to work in institutions, he followed an existing trader for several weeks to learn the details of the job.

I have personally seen a lot more success when I made the decision to invest in coaching.

Watch: What I Got After Spending $5,500 On Coaching...Worth it?

Get Coached By Steve Patterson

  • You can get 20% off certain coaching packages offered by Steve Patterson if you mention the Desire To Trade Podcast. Simply email carolyn@stevepattersontrading.com to get your discount.

DesireToTRADE Top Resources

How To Find Steve Patterson?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Aug 28, 2017

The Psychology Of Success In Trading – Show Notes

The Psychology Of Success In Trading – Show Notes

 

In episode 107 of the Desire To Trade Podcast, I interview Silke Glaab, a psychologist based in Dubai. She has been trained to guide people to have it All: success, fulfilling work and money - and romantic love, a great partnership, and family.

Silke accepted to come on the show to share some of the principles surrounding the psychology of success in trading. 

More specifically, we tackle the 5 steps to staying vibrant and energized all day as a trader throughout the interview. Those can be applied to anyone in any market!

More About Silke Glaab

She completed a Master Degree in Psychology from Munich University with a Cross-Cultural experience and 15 year Training and Advisory career with positions held as Training Manager at T-Online for Technical and Customer Care Support, Research Assistant at Psychiatry Ulm for Quality Assessment and as Project Consultant for German International Cooperation (GIZ) in Kenya prior coming to Dubai.

With her profound knowledge in NLP Master Coaching and Hypnotherapy (Marisa Peer method), she can assist you to elevate your brain power, change limiting beliefs of your subconscious mind and release stuck energy in minutes so that you can align your personal goals with our highest mission!

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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"Breathe, because it's powerful." - Silke Glaab 

Key Takeaways From This Episode (provided by Silke)

Keep Your Perception Fresh

It is the ability to become aware of something through the senses. However, there are millions of sensual information reaching your brain every second.

The actual perception is a distortion of the all the incoming data and is linked to already stored information and expectations. And we're not consciously aware of that.

So, if you're checking on the same charts every day your brain compares the incoming info with already existing info and matches it. This can lead to misinterpretations of new info. 

How To Improve: Challenge your brain by changing your routine all over, include breaks and stay focused for at least 20 minutes.

Feelings & Thoughts Work Together

A thought is an idea or opinion produced by thinking(about yourself, others, trading, the world) or occurring suddenly in your mind.

The quality of the thought depends on your biology, your emotional state you're in. It can be triggered by incoming information from the environment (senses) or from inside your body (feeling).  

Stressful or incongruent situations create chaos in your brain and as a result making it impossible to think clearly or to come up with new and creative solutions. 

When you change the context (emotional state) in which thoughts emerge, you can change the quality of the thought.

Further, 95% of our thoughts are subconscious and they're running their programs in the background.Therefore, affirmations often do not work, because they target the conscious mind.

 

A feeling is a conscious awareness what's going on in your body. Like with anger, your heart beat goes up, blood pressure rises, muscles tense up, your attention narrows. Often you're not aware. And you're still thinking what you're thinking and doing what you're doing and it's not your best performance. Feeling and thinking are interrelated. A negative thought results in a negative feeling and negative feeling results in a negative thought.

And you're still thinking what you're thinking and doing what you're doing and it's not your best performance. Feeling and thinking are interrelated.

A negative thought results in a negative feeling and negative feeling results in a negative thought.

How To Improve: Uncover your limiting beliefs and change them in an instant and reprogramme your mind in minutes with Psych-K.

 

Emotions & Awareness

Emotions are energy in motion. The result of all physiological inputs creates an emotion in the brain.

How To Improve: Become aware of your feelings throughout the day to navigate them throughout the day. Take control of your emotions and shift your emotion towards the flow zone of passion, focus, determination, containment, and curiosity. Move away from anger, frustration, anxiety, boredom, detachment. Methods: Breath, Label and Embrace your feelings, Bilateral stimulation...

Listen: The Most Valuable Insights On Trading Psychology - Andrew Menaker

Control Your Physiology 

Physiology is a stream of date from all physical and chemical processes in a living organism to the brain.  

How To Improve: Control your physiological state to get an instant grip on your emotional state towards a flow state and become crazy productive by controlling your BREATH. Dr. Alan Watkins recommends a Breath which is Rhythmic, Even, And Through your Heart. Other things are sleep, exercise, nutrition.

Resources Mentioned In This Episode

 

 

DesireToTRADE Top Resources

How To Find Silke Glaab?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Aug 21, 2017

What Makes A Great Discretionary Trader – Show Notes

Show notes: http://www.desiretotrade.com/106/

Recorded on July 24th, 2017

In episode 106 of the Desire To Trade Podcast, I interview discretionary trader Will Hunting who, like many traders, describes the early years as a series of ‘humbling’ experiences.

Will Hunting started a journal recording simple techniques and market observations which allowed him to trade successfully and develop a hobby into a career.

Some of that journey was documented in public forums dedicated to trader education.

He has helped hundreds of traders new and veteran alike to build solid foundations in technical analysis, price behavior, market psychology & critically the ability to make sensible decisions.

Having delivered double digit returns for many years he has been featured in trade publications and is one of the UK’s most well-known independent retail forex traders.

Key Takeaways From This Episode

Learning From Every Trader You Meet

One major thing I got from this interview is the idea that we, as Forex traders, take lessons from all the other traders we meet. The trading strategy I currently trade, although it is unique to me, is based on different little things I learned from different people.

A Twist On The Risk-To-Reward

Another major discussion concerned reward-to-risk. Although a lot of traders see a loss in trading as the "cost of doing business", Will reminds that we can add criteria to avoid taking as many loss. That will make the drawdowns much smaller.

Following The Way That Makes Sense To YOU

As discussed throughout this interview, Will Hunting has a discretionary trading style that differs from most traders previously interviewed. 

That, however, makes sense to him and that is a very important part of the equation of success in trading. A trader that doesn't use something that makes sense to him will never trade at its optimal performance.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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“Plan every trade. If you do that, you have a head start on all traders.” – Will Hunting

DesireToTRADE Top Resources

How To Find Kevin Hunt?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Aug 14, 2017

London Session Forex Day Trader Made Profitable – Show Notes

Show notes: http://www.desiretotrade.com/105/

In episode 105 of the Desire To Trade Podcast, I interview Kevin Hunt, a Forex day trader who specializes in trading the London session. He is driven by location independence and has been trading his own fund since 2013.

What's impressive about Kevin Hunt's story is how quick he was able to get on the right track after surrounding himself with traders.

At the moment, Kevin runs a London session trading room in the Price Action Traders Institute along with Kim Krompass.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

In This Interview, You'll Learn…

  • The trading style applied to London's Forex session.
  • The story of Kevin - starting to trade from India by meeting interesting people.
  • How to react when your method doesn't work for you.
  • How Kevin realized he was a successful Forex day trader.
  • The importance of continual improvement.
  • How to deal with losing sequences in day trading
    • Developing the skill of walking away
  • An important lesson on expectations.
  • The habits to develop if you want to trade better.
  • A great lesson on using rewards & punishments: Kevin tells the story of a trader who had rewards & punishments at the end of the week/month depending on the respect of her trading plan.
  • The things Kevin Hunt did really wrong - so you can avoid them!
  • And much more!

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“The moment you enter a trade, it has a 50% chance of being wrong.” – Kevin Hunt

Resources Mentioned

Join The Price Action Traders Institute (PATI)

Kevin Hunt teaches in the Price Action Traders Institute (PATI) along with Kim Krompass. 

By entering the promo code DTT10OFF, you will get 10% off for the PATI membership.

To Join the PATI Membershiphttps://priceactiontradersinstitute.com/register/pati-full-membership/

DesireToTRADE Top Resources

How To Find Kevin Hunt?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Aug 7, 2017

Freedom Lifestyle Forex Trading – Show Notes

Show notes: http://desiretotrade.com/104/

In episode 104 of the Desire To Trade Podcast, I re-interview Andrew Mitchem, a Forex trader & coach who has successfully created a "freedom lifestyle" through Forex trading.

What's nice about Andrew's style is how he combines multiple time frames and manages to spend little time trading on a daily basis.

I personally learned a lot from Andrew and he was the very first person who agreed to be interviewed on my podcast. He personally taught me The Money Management Principle Most Traders Don't Know About.

The Forex trading freedom lifestyle Andrew Mitchem developed for himself is very inspiring and I could personally still learn new things from that interview - in which we dive deep on trading strategies & the methods used in the Forex market.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

In This Interview, You'll Learn…

  • The technical trading tools Andrew uses on a daily basis
  • How to enter continuation trades for a better result
  • Why & how trading uncommon time-frames (6hr, 8hr, etc.)
  • How Andrew's trading style changes when traveling
  • How to use round numbers and why they work on all currency pairs
  • Some advanced trading strategies for taking profits
  • What Andrew does uniquely in trading
  • Some of the worst trading mistakes
  • What Andrew thinks is necessary to win a trading competition
  • What is an acceptable drawdown
  • And much more!

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“Keep your risk low per trade and make percentages (not pips)” – Andrew Mitchem

DesireToTRADE Top Resources

How To Find Andrew Mitchem?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Jul 31, 2017

The Fascinating Story Of An Institutional Forex Trader – Show Notes

In episode 103 of the Desire To Trade Podcast, I interview Forex trader Tony Sycamore, an ex-institutional trader with a fascinating story in the market.

Watch the video interview with Tony Sycamore

Tony started studying technical analysis more than 20 years ago while working for Macquarie Bank on the floor of the Sydney Futures Exchange (SFE). That was where Tony’s passion for the markets was fuelled.

In 2003, his ongoing study of markets and technical analysis enabled him to become part of the Proprietary Trading Group at Goldman Sachs. Tony was fortunate enough to learn from working with and watching some of the best financial minds in the business. Trading mainly foreign exchange (FX), he posted strong returns on capital, in particular in 2007 and 2008, before leaving the firm in 2009 to transition into FX sales with BNP Paribas (BNPP). He has spent the last five years at Commonwealth Bank of Australia (CBA).

While at CBA and BNPP, Tony wrote and published the Weekly FX Technical Report containing technical analysis, trade ideas, and opinions. The report earned a strong following from a variety of clients, including fund managers, hedge funds, balance sheets, central banks and large corporates all over the world. 

I personally found it very interesting to speak with Tony and to discover more about the world of an institutional Forex trader and how Tony was able to make his mark in it.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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“Every battle is won before it's ever fought.” – Sun Tzu

“When you marry technical analysis to fundamental analysis, that gives you a very strong edge.” – Tony Sycamore

“If you look off to your downside, your upside will take care of itself.” – Tony Sycamore

In This Interview, You'll Learn…

  • What made Tony pick Forex as the market to trade
  • How & why focusing on technical analysis makes you stand out
  • The differences between trading on your own and for an institution
  • The role of correlation analysis for an institutional Forex trader
  • Timeframe transitions Tony Sycamore went through over time
  • From Rugby to Forex trading
  • How to react when your view of the market is tested
  • How and why to create new trading strategies over time
  • What should your focus be in this new trading/finance industry
  • How to decide what to trade in the Forex market
  • What indicators technical institutional Forex traders look at
  • Why a return of 25% per year is awesome
  • The typical win rate of an ex-institutional Forex trader
  • The worst month to trade
  • What's unique with Tony Sycamore's trading
  • And much more!

DesireToTRADE Top Resources

How To Find Tony Sycamore?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Jul 24, 2017

Massive Success As A Digital Nomad Forex Trader – Show Notes

In episode 102 of the Desire To Trade Podcast, I interview Forex trader Navin Prithyani, a digital nomad Forex trader who I had the chance to meet in Bangkok, Thailand to record this episode.

Watch the video interview

Navin has been trading Forex for well over a decade. During this time he went through all the phases of a successful trader and through all the hardships to reach every next phase. These days Navin is giving back to the trading community by teaching his knowledge to both new and experienced traders. During this process, he also discovered that he also has a talent for teaching.

It was nice connecting with Navin as we share a common vision for the trading education industry. We both want to make a positive impact. In addition, both Navin and I met our mentors in unexpected circumstances.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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“Learn from your mistakes and do not give up!” – Navin Prithyani

“The reason it took me 6-7 years is: I kept changing my system.” – Navin Prithyani

In This Interview, You'll Learn…

  • How Navin started in trading - by looking for Forex signals
  • The basis behind Navin's technical analysis
  • Navin's trading style today and how it evolved
  • The definition of real supply and demand in the Forex market
  • How to break the psychological barrier that prevents to scale up your trading
  • The power of proper journaling in trading
  • What is the utility of courses in the Forex trading industry (there are so many of them!)
  • How the mentality of most Forex traders is preventing you from succeeding
  • Some keys to trading while traveling
    • Having a morning routine
    • Not looking too much at the charts
  • How most traders miss the big moves in the Forex market
  • The work you must do to see a difference in your trading
  • Whether Navin regrets dropping out of college
  • And much more!

Resources Mentioned

DesireToTRADE Top Resources

How To Find Navin Prithyani?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Jul 17, 2017

Street Smart: Adventures on the Road and in the Markets – Show Notes

See in your browser: http://desiretotrade.com/101/

In episode 101 of the Desire To Trade Podcast, I interview legendary investor Jim Rogers, a man with an immense passion for the markets and the discovering world. 

Mr. Rogers has been listed in the Guinness Book of World Records twice: once for his 1990-92 world trip covering 100,000 miles across six continents on motorcycle and next for his world trip from 1999-2002 (through 116 countries in a custom-made Mercedes).

Jim Rogers is the author of multiple books, including Street Smart: Adventures on the Road and in the Markets. That book had a big influence on me as Jim describes his experience of traveling through the world while running a hedge fund. It was particularly inspiring to hear about Jim Rogers' adventures around the world, as well as his opinion of Asia vs. America.

Today, Mr. Rogers offers multiple conferences a year, a lot of them being in China. His website contains an updated schedule of his next destinations.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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"Think independently" - Jim Rogers (click to tweet)

"If you don't know anything to do, do nothing." - Jim Rogers (click to tweet)

"I don't look at technical analysis. I don't really know how." - Jim Rogers

Questions/Topics Covered…

  • Why Jim Rogers moved to Singapore 10 years ago
  • How Mr. Rogers has learned from the market instead of school
  • The lessons Mr. Rogers learned early-on in the markets & why this was a good thing
  • How Jim Rogers survived after losing everything in the market
  • How to spot opportunities in the market
  • Jim Roger's view of Asia & specifically China
  • What to do when traveling to learn from the place you are at
  • How to do strong research for investing
  • The best way to learn according to Jim Rogers & how to keep going
  • The benefits of traveling & the worst times
  • And much more!

Books by Jim Rogers

1994: Investment Biker: Around the World with Jim Rogers.

2003: Adventure Capitalist: The Ultimate Road Trip.

2004: Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market.

2007: A Bull in China: Investing Profitably in the World's Greatest Market.

2009: A Gift to My Children: A Father's Lessons For Life And Investing.

2013: Street Smarts: Adventures on the Road and in the Markets.

DesireToTRADE’s Top Resources

How To Find Jim Rogers?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Jul 10, 2017

Success of a Forex Price Action Day Trader – Show Notes

See in your browser: http://desiretotrade.com/100/

In episode 100 of the Desire To Trade Podcast, I sit down with Kim Krompass for a follow-up interview. She previously appeared in episode 46 of the podcast.

Kim Krompass is a Forex price action day trader living in California. She is a great example of what a good day trader is by carefully getting prepared every morning for the trading day.

For this second interview, I wanted to get more details on things that have made Kim a successful Forex day trader. We focused a little more on the tool Kim uses as well as what she thinks aspiring Forex day traders can do to start seeing more results.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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"Consistency as a trader is a state of mind. Once you understand, that's the day you start to turn around." - Kim Krompass (click to tweet)

Questions/Topics Covered…

  • What is new since the last interview? Has anything changed?
  • What does your day trader morning routine look like?
  • If you were to travel, how would you adapt your day trading activities? Would it be different?
  • What is your favorite trade setup? 
  • How do you handle the bad days that come with trading?
  • As an educator, would you be willing to share your trading results? If not, why? 
  • Do you believe in the value of trading signals?
  • Why do you think some traders still don’t succeed after taking on a trading course/program?
  • And much more!

Resources Mentioned

Kim Krompass' trading journal:

Kim Krompass' trading journal explained

An example of trading results:

https://twitter.com/priceactionkim/status/877619493060591616

Price Action Trader Institute Special Offer

By entering the promo code DTT10OFF, you will get 10% off the membership for the PATI membership.

To Join the PATI Membershiphttps://priceactiontradersinstitute.com/register/pati-full-membership/

DesireToTRADE’s Top Resources

How To Find Kim Krompass?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Jul 3, 2017

Mastering Trading Fundamentals – Show Notes

See in your browser: http://desiretotrade.com/099/

In episode 99 of the Desire To Trade Podcast, I interview Troy Bombardia, a hedge fund manager who trades the S&P 500 ETF's based on quantitative models that combine fundamentals and technicals.

 

What I like a lot about Troy is his emphasis on not being concerned too much by short-term returns. He, with the help of his model, places very few trades a year and has a strong focuses on the long. 

Troy came on the podcast to share about what it's like to run a hedge fund as well as how to interpret the markets (Stocks & Forex) with a fundamental perspective.

He described very clearly how someone can start mastering trading fundamentals in the Forex market by looking at one simple thing: the money flow. In other words, where the money is going.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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“Work hard, it's not how smart you are. It's about how hard you work” – Troy Bombardia

“If you're not really sure about a trade, don't take that trade.” – Troy Bombardia

In This Episode, You’ll Learn…

  • Starting to trade in high school
  • How Troy manages his trades to capture the big market movement
  • What made Troy decided to go long-term trading the S&P index
  • How to adapt to the currency market & mastering trading fundamentals
  • The Fundamentals you need to understand in Forex
  • How to define the long-term direction of the market & benefiting from it
  • The resources to get your news whenever you need them
  • And much more!

Books Recommended

Market Wizards: Interviews With Top Traders by Jack Schwager

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C. Bogle

Reminiscences of a Stock Operator by Edwin Lefevre

DesireToTRADE’s Top Resources

How To Find Troy Bombardia?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Jun 26, 2017

Starting To Trade Professionally With $300,000 – Show Notes

In episode 98 of the Desire To Trade Podcast, I interview Michael Melissinos, a trader who started to trade professionally with $300,000 and now trades for over 30 investors from around the world.

Michael accepted to come on the podcast to share with us how he got started trading professionally at a fairly early age as well as how he progressed and convinced more investors to invest in his trading activities.

He is of the opinion that traders are better to start early. Michael ensured that he was ready to trade for other people by doing a lot of work up-front. That's the key for anyone who's looking to trade professionally.

This is a must-listen interview if you are looking to trade professionally and manage money for other people!

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

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“Know yourself before you start to trade.” – Michael Melissinos

In This Episode, You’ll Learn…

  • How Michael got his first $300,000 to trade
  • Why Michael didn't want to trade for an institution
  • How to build proper trading system that you trust
  • What a typical day looks like in the life of a long-term trader
  • How Michael handles the tough times (when he doesn't produce money for his investors)
  • How to present your trading to investors so they invest more easily
  • What Michael is doing to improve his trading portfolio
  • And much more!

DesireToTRADE’s Top Resources

How To Find Michael Melissinos?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Jun 19, 2017

This is a special edition of the Desire To Trade Podcast.

In episode 97 of the Desire To Trade Podcast, I get interviewed by George Papasov and share my experience on how I got to trade Forex and travel.

I recorded with George a two-part interview. In the second part (this podcast episode), I get interviewed. George asks for my best tips for traders who look to trade Forex and travel.

If you haven't listened to the first part in which I interview George, check it out here

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.Share This!

"I spend more time waiting than trading" - Etienne Crete 

In This Episode, You’ll Learn…

  • How & why I got started in Forex trading.
  • The results of my first trip and what I changed for my 2nd trip.
  • My #1 advice for traders who want to travel.
  • What happens when you get back home after a trip where you trade Forex and travel.
  • My trading and traveling routine & strategy
  • How I set my stop loss with percentages and why that's essential for my success.
  • How you need to see this business today if you want to trade Forex and travel while you trade for other people. 
  • And much more!

DesireToTRADE’s Top Resources

Resources Mentioned In This Episode

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Jun 12, 2017

This is a special edition of the Desire To Trade Podcast.

096 Trading While Traveling & Professional Futures Trading Tips - George Papasov

In episode 96 of the Desire To Trade Podcast, I sit down for an interview series with George Papasov, a professional futures trader who spent a considerable amount of time trading while traveling these past months.

I recorded with George a two-part interview. In the first part (this podcast episode), I interview George and ask him his best tip for traders who look to trade and travel. However, we also touch on topics that you guys asked me to cover in the Facebook group. Those include trading routines, strategies used, advice for struggling traders, and much more!

If you haven't listened to the first interview I did with George, I recommend you take a look first at episode 066. This covers George's background as well as what he did to get to the level of trading futures professionally.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This!

"I've never lost a trade I haven't taken." - George Papasov

 

In This Episode, You’ll Learn…

  • What is George's background and how he got to trade profitably
  • How George built his mobile trading desk
  • A professional futures trader's advice on day trading while traveling
  • The trading strategy George uses on a daily basis
  • How/when to change the position size for a strategy that underperforms
  • The pre-trading routines recommended for day traders
  • The post-trading routines recommended for day traders
  • What you need to know before jumping into the futures market
  • How to use correlations in the futures market
  • The best advice if you are STILL losing money trading
  • And much more!

DesireToTRADE’s Top Resources

How To Find George Papasov?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Jun 5, 2017

In episode 95 of the Desire To Trade Podcast, I interview Rauan Khassan, a hard-working Forex trader who has been involved in the market since 2011. Rauan has been through the various steps of successful Forex trading, and has been able to get to a level where he trades other people's money.

In September 2015, Rauan joined TradingView, a leading social trading network that unites more than 1,500,000 traders online, where he oversees regional versions development.

In this interview, we tackle the Rauan's role at TradingView. He has seen first-hand how strong the gap is between being a great analyst and a great trader. His perspective on the currency market and trading other people's money make Rauan an excellent guest to go through how he was able to step into managing money.

If you have a full-time job, this is an episode you don't want to miss!

Rauan explains how he is personally involved in day trading while working at TradingView. He goes in-depth on the topic of reaching our personal trading targets month by month. He shares how he manages to trade both a conservative and aggressive trading strategy. That is a sure way to help you reach your trading goals faster.

 

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This! Top Quotes From This Interview

"Mistakes comes from a very serious problem, people tend to overestimate their knowledge and underestimate their potential of being wrong." - Nassim Nicholas Taleb

"Being a good analyst helps you become a good trader, but being a good analyst does not guarantee you'll be a good trader." - Rauan Khassan

"Publishing your ideas is a good way of the self-organization." - Rauan Khassan

"Don’t underestimate the importance of consistent trading." - Rauan Khassan

In This Episode, You’ll Learn…

  • One big change that Rauan made in his trading to feel better
  • How Rauan started to trade for other people
  • Why successful Forex trading is about giving up or accepting the returns
  • Why it's crucial for a Forex trader to have multiple accounts
  • How to use Darwinex & how it works to manage money as you trade
  • How to create an aggressive and conservative trading strategy for yourself
  • The CRUCIAL difference between being a great analyst and a trader
  • How to use the risk/reward ratio for best results in Forex trading
  • And much more!

Resources Mentioned In This Interview

  • Trading View: this is the must-use Forex charting website I use on a daily basis.
  • Darwinex: website discussed in the interview for trading other people's money.

DesireToTRADE’s Top Resources

How To Find Rauan Khassan?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

May 29, 2017

Gino Topini Trader Interview

In episode 94 of the Desire To Trade Podcast, I interview Gino Topini, a Forex, stocks & crypto-currency trader based in London, UK. This man is one of the smartest traders I've met.

Gino has what I'd call a master drive to speed up his success in trading and he does it the right way. While I met him at the China Forex Expo in Shenzhen, I understood that Gino has taken sort of the "smart way to successful trading", which is very uncommon to start with.

Starting to trade in 2007, he decided to go on his own in his trading Forex trading journey, and therefore spent more time studying and practicing his craft in the market on a daily basis.

Gino is also the co-ower of a business named Mj Web Studio LTD, which specializes in SEO, copywriting and web development. That is an excellent example of creating multiple streams of income and not putting all your eggs in one basket (one of Gino's advice).

Throughout this interview, we went together for the basic of trading that the trader so often tends to forget. Gino shares his personal ways of trading currencies, how he came up with winning trading strategies and some deep knowledge of crypto-currencies, mainly Bitcoins, as nowadays the market seem to offer a great opportunity for profit.

Here's a key takeaway:

"Trading is about loving what you are doing, interact with best traders and  trying new strategies."

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This! Top Quotes From This Interview

"Do not put all your eggs in one basket, diversify what you do and surely you won't have any trouble in the future." - Gino Topini

"Every trader is different from another, so everyone needs to find its own strategies to trade." - Gino Topini

In This Episode, You’ll Learn…

  • How to start trading (and take it seriously)
  • The easy way to diversify your trading
  • How Gino dealt with the fear of losing real money
  • How long-term & short-term trading methods vary
  • Why & how to create your own trading strategy
  • What the process of continually testing trading strategies look like
  • How you can get disciplined to just follow the plan
  • How to run a business & trade at the same time
  • Why Gino insists on having a business (not a 9-to-5 job!)
  • How Gino Topini trades crypto-currencies on eToro

Resources Mentioned In This Interview

DesireToTRADE’s Top Resources

How To Find Gino Topini?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

May 22, 2017

In episode 93 of the Desire To Trade Podcast, I interview Stacey Burke, a Forex trader who has learned about trading the hard way while blowing up some small accounts and making all the mistakes most losing traders make. 

Through that process, however, he has able to identify where the real problems were in his trading and how he could finally turn the corner to become one of the few profitable traders.

Coming from a sporting background in ice hockey and Ironman triathlon, hard work and a competitive nature are some of the attributes he believes are necessary to succeed in Forex trading.

Stacey gives credit to other great traders for his success. Brent Penfold's advice on being "the best loser", but he also implemented things in his daily routine to help him continually keep getting better at the process of trading. Like Mike Bellafiore says "how good can we get?"

Here's a key takeaway:

"Trading mastery is a journey, not a destination. Focus on constant progress, NOT perfection." (click to tweet!)

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This! Top Quotes From This Interview

“If you know the enemy and know yourself, you need not fear the result of a hundred battles." - Sun Tzu

"Focus on being a good loser and having asymmetrical risk/reward opportunities." -Stacey Burke

"Keep it simple and learn how to lose." - Stacey Burke

In This Episode, You’ll Learn…

  • How Stacey went through 10 years of losing trades without stopping - and how he recovered
  • The Forex trading habits and rituals that Stacey go through on a daily basis
  • How to really learn from other traders - because you can't simply copy
  • Why expecting to lose trades is powerful
  • The importance of having a solid trading journal and how Stacey does his
  • Some of the best lessons from traders around the world
  • Why teaching and sharing makes you a more successful Forex trader
  • The more you trade the more you are likely to make mistakes
  • How Stacey uses paper notebooks - I do the same!
  • One thing Stacey wished he knew when he started to trade
  • How to create an asymmetrical edge in the market
  • And much more!

Resources Mentioned In This Interview

  • Edgewonk: the trading journal Stacey and many traders use on a daily basis. Enter "dtt20" at checkout to get 10% off and a 3-month complete membership of the Desire To TRADE Academy.
  • Dr. Brett Steenbarger's blog: a great resource to grow in the field of trading psychology with daily content.
  • Peter Brandt: a trader Stacey gives a lot of credit to for sharing his experience and knowledge.

DesireToTRADE’s Top Resources

How To Find Stacey Burke?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

May 15, 2017

In episode 92 of the Desire To Trade Podcast, I interview Kiana Danial a trader with a special emphasis on building her portfolio over time. She is helping people grow their wealth by investing.

Here it's not a matter of getting rich quickly. Instead, Kiana looks at the market from a long-term perspective and that's how she saw most of her success in trading. What's most interesting about Kiana's trading style, however, is that she is still very involved in the market. She usually knows what's going on and what it's best to look at.

Kiana confirms the idea that successful trading isn't a full-size-fits-all activity. You cannot expect to succeed by copying other people. As a matter of fact, those who see the most success in trading understand who they are.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This! Top Quotes From This Interview

“Patience is a profitable virtue” - Kiana Danial

“Know yourself, know your financial situation, know your goals, and know your portfolio” - Kiana Danial

In This Episode, You’ll Learn…

  • How she started to trade from Japan and made her first $10,000 in one trade

  • How Kiana sees trading as part of her financial plan
  • How she realized day trading wasn’t for her

  • Why the odds are against you in day trading

  • How to find out your risk tolerance
  • Defining the type of portfolio you own

  • Whether to consider fundamentals vs. technicals in various markets

  • How to evaluate your trading portfolio & do market reviews

  • What happens when you add to your positions (i.e. scaling in)
  • Taking partial profits & what it does to your trading account.

  • Why you can't copy people and expect to succeed in trading

Resources Mentioned In This Interview

DesireToTRADE’s Top Resources

How To Find Kiana Danial?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

May 8, 2017

In episode 91 of the Desire To Trade Podcast, I interview Mike Tedeschi, a day and swing trader running a portfolio as well as a trading chatroom. At the time of the interview, he has been trading for himself for over 6 years.

Mike looks at the investment world through a contrarian lens. By going against the herd, he positions himself to achieve the largest possible returns in the quickest time frame with the least amount of risk.

One of the topics we touch on is the need for a trading plan. Mike, like me, has also been developing a trading playbook that contains multiple trading strategies he uses on a daily basis based on how the market moves.

We also touched on the topic of trading alerts. As the main takeaway, you can make money in the market without being involved in the market at all times. There are times when the market isn't producing anything worth trading and that is where you need to be able to step away. There are absolutely no reasons to go in the market when there are no trades.

I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.

Share This! Top Quotes From This Interview

"Prices are never too high to begin buying or too low to begin selling" -Jesse Livermore

"If you can't make money on the leaders, you can't make money in the market"

If you treat trading like a hobby it's going to pay like a hobby.

There are no reasons to go in the market when there are no trades.

In This Episode, You’ll Learn…

  • How Mike started to trade from Japan
  • The types of mistakes traders make at the beginning
  • The 3 most important aspects of trading
  • How to overcome the fear of losing money
  • The analogy of flipping a coin in risk management
  • EXACTLY how Mike trades intraday and swing
  • How Mike uses a trading plan, playbook, and checklist
  • The types of behaviours that are costing most money to traders
  • Why Mike doesn't give that much importance to backtesting
  • Why you can't rely on news to trade at all times
  • Why you can't look at the market as an ATM
  • How to avoid trading all the time - how to use alerts like a pro!
  • How to increase your ratio of successful trades
  • And much more!

Resources Mentioned In This Interview

  1. FINVIZ: a free financial visualization tool (i.e. mostly stock screener)

DesireToTRADE’s Top Resources

How To Find Mike Tedeschi?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

May 1, 2017

In episode 90 of the Desire To Trade Podcast, I interview David Bergstrom, a trader and a pro when it comes to creating strong systematic trading strategies and testing them.

David has been developing a software that helps traders test trading strategies in a matter of a few hours, so I was curious about the process he undertakes to truly validate an edge in the market.

Trading over 100 strategies at this point, David also has a solid process he goes through wen it comes to deciding what exactly to trade. That is a great lesson for any trader.

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Share This! Top Quotes From This Interview

"Test everything" - David Bergstrom

In This Episode, You’ll Learn…

  • The jump from manual to automated trading
  • How David tests everything he trades
  • How to trade over 100 trading strategies on multiple markets
  • The lessons David got from Wall Street
  • The importance of having different types of trading strategies
  • The type of trading strategies that work well with algorithmic trading
  • How you do one thing is the way you do everything.
  • And much more!

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How To Find David Bergstrom?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

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