POPULARITY
Everyone wants to achieve as much as possible with minimal effort and pain, often seeking "cheat codes." However, some realize that maximizing rewards requires working smarter and acknowledging that risk-taking involves discomfort. These individuals embrace, manage, and learn from risks rather than looking for shortcuts, making them more likely to succeed.When I started trading, I, too, wanted to gain without experiencing pain. Over the years and through many challenges, I learned that true success lies in engaging with the discomfort that comes from taking risks.Success in trading extends beyond analysis, systems, and methods. While being competent in these areas is essential, they are only foundational. Achieving game-changing success requires a deeper understanding of trading and an awareness of what you are up against.To transform your trading, you must develop advanced skills, comprehend market challenges, and navigate the complex systems at play. This involves recognizing the three intertwined challenges of trading:Your understanding of the external market environment.Your self-awareness and engagement with your internal environment.Your process for achieving specific outcomes as you navigate both of the above environments.Whether you're a beginner or seasoned trader, this episode offers valuable insights into "Developing Yourself as a Trader," a field rarely explored yet so crucial to success.As part of this episode, we highlight our new High Performance Trader Learning Programme launching in March, the first ever comprehensive programme looking as Trader Development. We are running this through our educational partner, the Society of Technical Analysts. For course details, visit: https://www.technicalanalysts.com/education/sta-courses/ and scroll down for more information.AlphaMind: Powering Performance in Global MarketsAlphaMind brings powerful change, growth and development to people and businesses within global markets.Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities.Go to the AlphaMind website to know more.
EPISODE SPONSOR: JIGSAW TRADING → SPECIAL OFFER✅ Learn More About Jigsaw Tradinghttps://go.tradacc.com/Jigsaw-TradingJoin us in this incredible conversation with SMB Capital desk trader & Head of Recruiting/Trader Development: Jeff Holden. If you're active in the trading space, then you've most likely heard of SMB Capital (unless you're living under a rock!). They're one of the top proprietary trading firms in existence and I have deep respect for what they do there. By providing traders with the proper tools, training, and capital to succeed, they've developed numerous 7 & 8-figure per year earners since being founded in 2005 by Mike Bellafiore and Steve Spencer. So it was an absolute pleasure being able to talk to Jeff about his path from retail trader to desk trader, daily life at a top proprietary trading firm, SMB Capital's playbook setups with real-world edge, and much more in this week's amazing episode of the Speculators Podcast.➡️ Where You Can Find Jeff HoldenYouTube: @smbcapital SMB Capital Scalp Radar: https://scalpingclass.comSMB Capital Inside Access: https://smbtradingfloor.com✅ Get Funded & Create Your Freedom Lifestyle Trading Business https://go.tradacc.com/callHERE'S WHAT WE COVER:0:00 Introduction to Jeff Holden3:49 Jeff's Backstory: From Retail Trader to SMB Capital8:55 Morning Routine: From Pre-Market to Close12:22 The Importance of Evening Routines16:13 Weekend Strategy: Maximizing Rest and Productivity16:58 Balancing Trading and Leadership at SMB Capital24:22 The Role of Playbook Trades in Trading Strategy31:33 Avoiding the Pitfalls of Invented Trades36:34 The Effects of Data Leaks on Playbook Trades and Market Edge40:43 Balancing Established and New Trade Ideas43:11 Finding Your Trading Edge: The Path for Retail Traders46:13 Are Funded Trading Companies Beneficial for Retail Traders?48:00 The Importance of Risk Management in Trading50:00 Valuable Advice for Aspiring TradersWHO IS KORBS → HOST OF SPECULATORS PODCAST:My name is Aaron Korbs and I'm a professional intraday Futures Trader specializing in Auction Market Theory, Volume Profile & Order Flow. I'm also the founder of Tradacc.com. Tradacc is a trading education, training, and mentorship platform where I help traders leverage institutional capital using my volume profile methodology through courses like Volume Profile Formula™, Funding Accelerator™ & Profile Method™. I typically work with people that want to create a reliable online side hustle or that would like to turn trading into their main profession.https://go.tradacc.com/m/korbs--------------------------------------------Happy Trading & Watch Your Risk- KorbsRisk Disclaimerhttps://go.tradacc.com/Risk#SMBCapital #ProprietaryTrading #SpeculatorsPodcast
In this episode of the AlphaMind Podcast, we delve into the world of trader development with two distinguished guests, Beat Nussbaumer and Patrick Reid. Beat brings to the conversation nearly four decades of experience in FX and Prop Trading in macro markets at Goldman Sachs and Commerzbank. Today, he channels his expertise into training, mentoring, and developing traders, advocating for an approach he terms "tradeable macro."Patrick, on the other hand, embarked on his trading journey later in life after a successful career at the BBC. Drawing from his unique background, Patrick seamlessly integrates his experiences into his role at the Adamis Principle, where he collaborates with Beat and others to train aspiring traders. His transition into trading as a second career has provided him with a distinct perspective, complemented by his exceptional communication skills honed during his previous professional endeavors.Throughout the episode, Beat and Patrick share insights into the nuances of trader development, highlighting the importance of mentorship, practical experience, and continuous learning. Beat's extensive tenure in the markets offers a panoramic view of trading evolution, while Patrick's journey exemplifies the transformative power of mentorship and adaptability.Their combined expertise provides a comprehensive exploration of the process and reality of trader development, offering invaluable lessons for both seasoned professionals and newcomers alike. From navigating market complexities to fostering a resilient mindset, Beat and Patrick underscore the multifaceted nature of becoming a successful trader in today's dynamic landscape.Join us as we embark on a thought-provoking journey with Beat Nussbaumer and Patrick Reid, uncovering the intricate tapestry of trader development and charting a course for success in the ever-evolving world of markets.You can learn more about Beat and Patrick at these links:Beat Nussbaumer Email: beat@macrobeat.co.ukWebsite: https://macrobeat.co.ukTwitter: https://twitter.com/MacrobeatLPatrick ReidEmail: patrick@adamisprinciple.comWebsite: https://www.adamisprinciple.comTwitter: https://twitter.com/adamisprinciplePatrick and the Adamis Principle will be holding a free masterclass on 'HOW TO TRADE A CENTRAL BANK' on the 2nd May at 2pm GMT - Link Below. https://patrick-reid.mykajabi.com/masterclass-2nd-may-2024AlphaMind: Powering Performance in Global Markets AlphaMind brings powerful change, growth and development to people and businesses within global markets. Driven by a deep understanding of how markets work, and how people and businesses function within them, we partner with clients to create personal performance improvements that elevate returns across their trading activities.Go to the AlphaMind website to know more.
insPERAsyon is a new segment that showcases inspiring pera stories of purposeful Overseas Filipinos. In our first episode, I have invited Ms. Dianne Fernandez - an OF based in Dubai, former dragon boat paddler, a real estate investor and a stock market trader. For over a decade, Dianne helped organize events and training sessions to support her passion for continuing education. Together with friends, she launched a Social Enterprise, Investhusiasts, in the UAE with a mission to change the narrative of Filipino ex-pat investments. The mission resulted in over 50 events and hundreds of expats reached. Stock Market trading has always been a skill Dianne was built to pursue. This is why she enrolled in Pound for Pound (P4P) Price Action Trading Masterclass of Trader Development in April 2020, where achieved the coveted P4P Blackbelt, and embarked on a new role, as a Trading Coach. Dianne's FB: www.facebook.com/dianne.fernandez.180 --- Send in a voice message: https://anchor.fm/perapurposepodcast/message
Active equities trader and managing partner of proprietary trading firm Seven Points Capital, Michael Katz, returns for a third appearance on Chat With Traders. As we’ve previously done a 'regular' interview and an episode analysing how Mike traded the Lyft IPO, we’ve tweaked the format again and this time Mike’s answering questions submitted by listeners of the show. There were many brilliant questions sent in, which I’ve sorted into four categories: Strategy, Trade Management, Trader Development and Prop Trading.
The concepts and principles in the M3 Options Trader Development System have turned more struggling traders into winning traders than any other options trading program available today. Watch this full-length video to get a good feel for what this trade can do! You will learn: -The history of the M3 from it's inception in 2006 -Where to find examples of the trade (visit thewinningtrade.com) -Historical returns of the M3 -Analytical software and upcoming changes -Many answers to trader's questions -Example of how the M3 trade successfully handles the current market For more information on the M3 trading strategy go to: https://www.lockeinyoursuccess.com/m3-trading-system/ #optionstrading, #optionsstrategies, #tradingoptions
In today episode I want to talk about the 6 stages of trader development journey using my own experience. If you have any issues regarding trading and mindset then please email me at trendfollowingtradingacademy@gmail.com and I will do be glad give you a hand! For more trading information and advise please visits: Online - https://www.trendfollowingtradingacademy.org On Facebook - https://www.facebook.com/trendfollowingtraingacademy On Twitter - https://twitter.com/VictorC79619164 On Instagram - https://www.instagram.com/trendfollowingtradingacademy/ My kit.co store where you can find mark's and other useful trading books: https://kit.co/TrendFollowingTrader Sign up for a free 15 mins no obligation zoom call with me to discuss your trading issues - https://mailchi.mp/9d6f3aca0db5/podcast-sign-up Or you can just contact me directly using Facebook messaging or Twitter. +++++++++++++++ Music credit: Music from https://filmmusic.io, "Funkorama" by Kevin MacLeod (https://incompetech.com). License: CC BY (http://creativecommons.org/licenses/by/4.0/) --- Send in a voice message: https://anchor.fm/victor-cheung/message
Guest: Linda Raschke Futures Trader Record Date: 1/7/19 Listen on —> iTunes Listen on —> SoundCloud Topics: Trading Style Fitting Your Personality Trader Development Daily Trading Routine Technical Strategy Trade Execution & Risk Management Journaling & Behavioral Habits Rapid Fire: Q. What Trader has influenced your life the most and why? A. None. When I look at […]
Guest: Linda Raschke Futures Trader Record Date: 1/7/19 Listen on —> iTunes Listen on —> SoundCloud Topics: Trading Style Fitting Your Personality Trader Development Daily Trading Routine Technical Strategy Trade Execution & Risk Management Journaling & Behavioral Habits Rapid Fire: Q. What Trader has influenced your life the most and why? A. None. When I look at […]
Financial trading is challenging work, requiring a high degree of focus, discipline, and analytical ability. In this week's episode I spoke with psychologist Dr. Brett Steenbarger, who specializes in the psychology of trading. Brett describes the habits of thought and action—many of them drawn from cognitive behavioral principles—that help traders perform at consistently high levels. I learned a lot from our discussion, as someone who's almost entirely naive about the trading world. We explored many topics, including: The difference between trading and investing How traders make money The mental abilities like pattern recognition that make for skillful trading Mental and emotional challenges that traders face The downside of perfectionism and hindsight bias for traders The relevance of CBT principles to dealing with self-talk in trading Treating losses as learning opportunities The problem with assessing one’s personal value based on the ups and downs of trading How traders can prevent burnout The importance of building a highly fulfilling life outside of trading Being “emotionally diversified” for long-term success Buying and selling for non-rational reasons (“Overtrading”) Solution-focused strategies The value of a strength-focused approach to trading Finding flow as a trader How to guard against being over- or under-confident Responding to changing market patterns How investors can stay flexible and adaptable Self-awareness and trading journals The problem with trading in “fight-or-flight” mode Managing excessive fear when trading When a trading problem reflects a bigger life problem The threat that frustration poses to trading, and how to manage it The irrationality of “revenge trading” Developing self-awareness of thoughts and feelings Learning to be one’s own trading coach The value of meditation during the trading day How traders can reduce distractions and increase concentration The effects of fatigue on concentration and performance Is trading for everyone? The difficulty and low success rates in making one’s living from trading Brett referred to his blog, which has a ton of useful information for traders—including guidance for handling "turmoil and opportunity in markets" (which seems to capture our current situation). You can find it here: TraderFeed. Brett N. Steenbarger, PhD, grew up in Canton, Ohio, receiving his BS from Duke University and his Ph.D. in Clinical Psychology from the University of Kansas. He has been actively involved in the financial markets since the late 1970s. Brett has served as Director of Trader Development for Kingstree Trading, LLC, in Chicago and consults with traders in a number of professional trading organizations. He is also Clinical Associate Professor of Psychiatry and Behavioral Sciences at SUNY Upstate Medical University in Syracuse, NY. Drawing upon an intensive research program that began in 1998, Brett has created a number of unique measures of market trend, momentum, and institutional activity designed to aid short-term traders. These measures—and the trading strategies derived from them—have been chronicled daily in the TraderFeed blog. A clinical psychologist and active trader, writer, and researcher, Brett is the author of Enhancing Trader Performance (Wiley, 2006), The Psychology of Trading (Wiley; 2003), and numerous articles on trading psychology for print and online financial publications. (Please note that a percentage of purchases made through these affiliate links will be used to support the podcast, at no additional cost to you.) His book chapters on brief psychotherapy can be found in such reference works as The Psychologist's Desk Reference, Encyclopedia of Psychotherapy, Clinical Strategies for Becoming a Master Psychotherapist, and Kaplan & Sadock's Comprehensive Textbook of Psychiatry and The Handbook of Clinical Psychiatry. His coedited book,
Guest: Mark Gardner Co-Founder and Executive Director, Prime IA & Senior Trader, Head of Trader Development, Cygnet Trading Record Date: 5/21/18 Listen on —> iTunes Listen on —> SoundCloud Topics: Mark’s Backstory Basic Skills in Trading Trading One Contract vs Multiple Contracts 100’s of Methodologies for 2 Possible Outcomes Human & Machine NOT Human vs. Machine Rapid […]
Guest: Mark Gardner Co-Founder and Executive Director, Prime IA & Senior Trader, Head of Trader Development, Cygnet Trading Record Date: 5/21/18 Listen on —> iTunes Listen on —> SoundCloud Topics: Mark’s Backstory Basic Skills in Trading Trading One Contract vs Multiple Contracts 100’s of Methodologies for 2 Possible Outcomes Human & Machine NOT Human vs. Machine Rapid […]
Decision making is an integral part of effective management. The process of consistently making sound decisions, however, is not intuitive. As human beings, we are subject to many biases that can cause us to mislabel problems, fail to fully identify all relevant information, and ultimately draw misinformed conclusions. In this conversation Rick and fellow podcaster, Brandon Laws of the HR for Small Business Podcast interview Pat McCauley, Owner and President of Bridgewell Agribusiness LLC (BWAB). Prior to BWAB, Pat spent 22 years at Susquehanna International Group (SIG), a global quantitative financial trading firm based in Philadelphia, Pennsylvania. At SIG, Pat held a number of key positions including COO, Head of Business Development, Head of Equity Trading and Head of Trader Development and Education. He developed much of his material for Decision Science at Susquehanna and has applied it successfully since then, both in his businesses and for business audiences in seminars and workshops. This engaging conversation covers some of the framework he has developed to help managers make better decisions, as well as generate awareness and strategies to avoid some very common traps and biases that cloud effective thinking.
Some of the things my students love about the M3 as a high probability “income trade”, is that there is no searching for stocks, no need to pick direction, no need to perfectly time the market and no need to sit in front of the computer all day. Find out why it is used on professional trading desks! https://www.lockeinyoursuccess.com/programs/m3-trading-system/ Watch the presentation at: https://www.lockeinyoursuccess.com/m3-trader-development-system/
Jack Schwager, author of Market Wizards, is a recognized expert in the futures and hedge fund industry. He is the co-portfolio manager for the ADM Investor Services Diversified Strategies Fund and is a Co-Founder and Director of Trader Development at FundSeeder. Jack has previously spent 22 years as a director of futures research at some of Wall Street’s leading firms and 10 years as a partner in a hedge fund advisory firm. Jack’s name is synonymous with futures and trading, due to his compelling books that are frequently cited by the trading community. Perhaps Jack is best known for his Market Wizards series books in which he interviews some of the greatest hedge-fund managers. Altogether, his books have sold nearly 2 million copies worldwide. He is credited by many traders as being instrumental in the launch of their trading career. Jack is a frequent seminar speaker and has lectured on a range of analytical topics including the characteristics of great traders, investment fallacies, hedge fund portfolios and technical analysis. Jack holds a BA in Economics from Brooklyn College and an MA in Economics from Brown University. Economic and Finance Themes: In this interview, Jack mentions and discusses: chartists, technical analysis, fundamentals, futures, normal distribution curve, options, Black-Scholes Options Pricing Model, option warrant trading, efficient market hypothesis, probability, negative externalities, fiscal responsibility, Keynesianism, deficits and demand. Find out: why Jack chose economics at University. about the similarities between Physics and Economics and why they are so different as a science. if there is a certain personality that is required in trading financial markets. if there is a holy grail to trading the markets. about the importance of discipline. how an $18 'Job Wanted' ad in the New York Times landed Jack a position as a key analyst. the one trader that particularly impressed Jack. about the different strategies of some of Jack's Market Wizards. why normal distribution tail events can have a higher probability of occurrence than is lead to believe. about the tragic ending of Market Wizard John Bender and the current case against his wife by the Costa Rican authorities for his 'murder'. about Fundseeder - the world's first search engine for undiscovered trading talent. about Jack's forthcoming book with the working title 'Undiscovered Market Wizards' and how you could possibly feature it. about the Market Wizards Roadshow coming soon in 2015. why Jack wrote his book 'Market Sense and Nonsense'. about the debunking of the efficient market hypothesis. what a negative externality is in the context of economic theory.