Jul 18, 2022
The Reality of Full-Time Trading
In episode 359 of the Desire To Trade Podcast, Etienne sits down with full-time trader Rolf Schlotmannfrom Tradeciety.com to discuss what it's really like to build a full-time trading career. You'll learn from his experience on how to become a consistently profitable Forex trader.
Are you ready for it?
In This Episode, You'll Learn...
- 0:15 Introduction
- 0:33 Who is Rolf and what he does
- 1:38 Story Time - How it all started
- 2:32 How Rolf decided to go full-time trading
- 4:42 Why his early 20s was the best time to take risks
- 6:51 What is Rolf's trading style
- 7:44 How to overcome FOMO in the markets
- 8:59 Pivot Points: Rolf's favorite indicator
- 10:06 How to use Pivot Points
- 11:09 Why objectivity and structure is vital in trading
- 12:10 How to make Price Action trading more objective
- 13:42 What more is there to price action trading
- 16:15 How to filter market conditions
- 17:28 The importance of accepting losses
- 19:27 Why the obvious things are harder to trade
- 21:25 How should you develop YOUR OWN trading style
- 23:40 Why it's so hard to focus on 1 thing for 3-6 months
- 25:52 Why Rolf prefers to live in Asia than Europe
- 27:11 Should you move to Asia or somewhere else to trade?
- 28:15 How to deal with "The Loneliness of trading"
- 30:51 How Rolf went from working 16hs a day to 2 hours a day
- 31:14 How to stay on top of the game over a long time
- 33:00 How to review your trading performance and statistics
- 34:31 How to correct mistakes and negative behaviors in trading
- 35:42 Rolf's top advice for struggling traders
- 37:50 Why a winning trade is not a good trade
- 39:00 How to transition from easy markets to hard markets
- 40:41 How to use FAILURE to improve as a trader
- 41:51 Why you should always keep a trading journal
- 42:21 Where to find Rolf
- And much more!
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Resources Mentioned
- Trading Journal: Edgewonk
Desire To Trade's Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Recommended brokers:
- Desire To TRADE Academy
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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!