Traders Improved Podcast

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

Magnus Carlsen is the highest-rated chess player in history and in this episode, I highlight his comments about playing with fear and how to make sure you don't experience fear in your trading.   Podcast source: https://player.fm/series/thiel-talks/mozart-of-chess-world-chess-champ-magnus-carlsen-in-conversation-with-peter-thiel

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: 1. Information edge 2. Chart edge 3. 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: 1. Make sure you didn't break your rules for the last 50 trades. 2. Have trading rules for all parts of your trading strategy - Entries - Stops - Timeframe usage - Targets and exits - Trade Management 3. Make sure you adhere to sound risk management principles 4. Journal every single trade 5. 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:   1. “Music is the space between the notes,” because an analogous statement about trading—Trading is the space between trades.   2. There are two parts to a trade: direction and timing. And, if you're wrong about either one, you're wrong on the trade.   3. You have to have an edge to make money, and a chart pattern does not give you an edge. 4. Don't trade so large that fear dominates your trading.   5. 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.   6. If a trade is not acting as expected, cut losses immediately.   7. If you ever find yourself in a trade based on hope, get out. You need conviction, not hope, to stay in a trade.   8. Learning from mistakes is how you become a better trader.   9. 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!   10. Don't ever listen to anybody when you are in a position. Stick to your own approach and avoid being influenced by contradictory opinions.   11. 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/08571986960   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:   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?  Do you need a complex trading strategy or is it enough to have a simple one? 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.