EP185: How to Stick Up to Your System
“We’ve all been there. As traders, we are all quite familiar with this. The key here really is to start with your beliefs and build confidence. If you can do those two things, you are going to be alright…”
Featured Podcasts
EP184: How to Find a System that Fits Your Lifestyle
“It is really going to depend on what makes sense to you. Most traders like to find those reversals and so in that case, the webby and the moolah, double top, the double bottom might be better…”
EP183: How Do CFDs Work?
“You just have to find the right one that offers the right leverage and spread combination and you feel comfortable with it. That’s where your testing really comes in…”
EP182: How does the Profit Bricks Method Work
“Profit Bricks can penalize you if you use a trailing exit and you just get unlucky and your second winning trades are not as fat as the first ones…”
EP181: Trading Acceleration: Is it Good or Bad?
“What you really wanted to do is get an uncorrelated strategy or what we call a complimentary strategy…”
EP180: How to Build Your Trading Account While on a Budget
“It’s amazing how much those $6 lattes add to the expenses every month. Do you know what I mean? If you have all these crazy things, you know how it works. You don’t necessarily need to buy those new shoes or those peppermint lattes at Starbucks or whatever they’re selling this month…”
EP179: Trading while Working: How do I trade the USD/GBP
“There are different ways of doing it. If you feel like you really have to trade the lower time frames then it sounds like you’re a great candidate for automation. Otherwise, I would just focus on a higher time frame…”
EP178: What’s the Best Start-up Hack?
“What matters is you’ve made those 3 steps to trade a system that you believe in on a live account. And so, everyone gets impatient. Everyone gets upset and wishes that it happened last year. I get it but the only way you’re really going to make progress is to do two things…”
EP177: Should I Take A Summer Break?
“If you go back and look, you’ll see that some years it trends quite well and the market really moves. Other years,it just kind of moves around and I know people think that they just expect it not to move very much because people are on holiday. People aren’t really getting into it and there isn’t enough full stable of traders and all that sort of things.”
EP176: How to Increase Your Returns
“I’m a big fan of a simply just taking and this is something that I’ve been testing and it’s been going quite well just taking, looking at trades — individual trades — and looking at them in blocks so the risk per trade actually becomes risk per block…”
EP175: What is the Best Way to Trade Fibonacci
“What I would do is just pull that Fib grid across and see if any of those levels lined up with support and resistance. And maybe like the 38.2 or whatever it is lines up with a nice support level and it’s a bullish breakout…”