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Eddie Z is a full-time day trader and total computer geek. As you may already know, the link between advances in technology and Wall Street is pretty amazing. In fact, many innovations over the last years were created for the necessity of knowing price information and processing transactions. Eddie is the creator and CEO of EZ Trading Computers which he started after realizing the ridiculous amount some computer builders were charging for trading technology.  What started off as a lifelong hobby and passion for computers, has now turned into a mission. In this episode of How To Trade It, Eddie Z and Casey discuss the importance of optimizing your trading computer specifications, so that you don’t lose out on trade opportunities. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[13:13] ‘Delays” can cost a fortune[17:35] The benchmark[21:02] “Slippage”[40:26] Buyers Guide!Big Tech Trading MistakesThe single biggest mistake that traders are making when it comes to technology is not understanding how much data is actually coming through their internet connection. If you are running any of the other major trading platforms, along with a handful of symbols, you have tons of streaming data coming in when the markets open.  If your computer isn’t up to speed, it can’t keep up, the information gets bottlenecked and will cause a slight delay.  That fraction of a second delay, however, can end up costing you big time. Delays, delaysEven small delays can throw off your trading methodology, especially if you are doing any kind of program trading. If you continually get a different price than you think you are buying at because of timing delays, you are going to get triggered. Your fight or flight response kicks in and you get mad. We all know that those negative emotions lead to things like revenge trading and other stupid decisions which will never work in your favor. Processors matterThe processor is the “engine” of your computer. It’s the driving force. As a trader, you really need a muscle car engine to take care of the waterfall of data coming in through your broadband. Loading all of those charts takes power. And, each indicator is essentially a little computer program algorithm running on every symbol, possibly at multiple time frames. Your computer is busy, and it needs the processing power to keep up with the demands of trading.         Resources & People MentionedThe Complete Guide to Trading ComputersDiscover your computer’s BENCHMARK score now!Connect with Eddie ZWebsite:  https://eztradingcomputers.net/Website:  https://ezbreakouts.com/ YouTube:https://www.youtube.com/channel/UCimOW-83bnzyAuKJe-4xTmA Facebook: https://www.facebook.com/EZTradingComputers/LinkedIn:  https://www.linkedin.com/in/eddie-z-162b3021/Support the show
Patrick Reid is a currency expert with over 15 years experience in trading FX and propriety desks. He has accepted a role as Visiting Lecturer at The University of Cambridge and is Co-Founder of The Adamis Principle which mentors traders at all levels. This outreach to less fortunate young people is a top priority for Patrick. His passion to nurture and find talent in young people has led him to partner with The Youth Group and Jack Parsons, the UK’s chief youth officer. In this episode of How To Trade It, Patrick discusses the qualities he’s looking for in a good mentee, and the importance of focusing on things other than the amount of money you want to make. You don’t want to miss it!Subscribe to How To Trade ItEpisode Sponsor:A new type of trading with Kalshi. Check it out, to get started today!You’ll want to hear this episode, if you are interested in…[04:51] The trading desk made me cry[07:11]  “Must try harder!”[11:17] Don’t look at your P&L[16:13] A great place to be[18:24] Qualities of a good mentee[29:41] Entering & exiting [32:19] Fade[39:28] Building your data bank[41:07] Macro strategyThe Trading Desk Made Me CryAfter 15 years with the BBC, at the age of 39, I quit my job and began an apprenticeship at a trading desk.  I was basically thrown into the deep end.  The first two weeks were brutal, and yes, at one point, I found myself in a restroom stall CRYING! For a moment, I wondered if I had made the biggest mistake of my life.  Then, I pulled myself together and got right back to it.  The first three months were just survival while I was learning about economics and price action. Eventually, I found success.  So I know what it takes to get started, how to persevere when it’s difficult, and also how to push others to learn the same things.  Adamis PrincipleAt Adamis Principle, we mentor traders of all levels, but we are sure to vet them first.  While that may sound a little crazy, it’s important that the people seeking our help are good candidates that will be able to digest what we are teaching.  In order for people to be successful, we believe they must have the right trading DNA, so to speak.  Resources & People MentionedBloombergReutersBest data sources in the US:BLSBEAConnect with Patrick ReidWebsite:        http://www.adamisprinciple.com       Facebook:     https://www.facebook.com/adamis.principle.12LinkedIn:       https://www.linkedin.com/in/patrick-reid-5b51bb21/It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Jeff Bishop is a professional Trader and Founder of RagingBull.com and Weekly Money Multiplier, which are both financial education and trading websites dedicated to helping other professionals achieve success in trading. He brings nearly 20 years of professional experience, and has become known as a leader in the industry. While Jeff has experience working in nearly every form of trading, he specializes in options trading. In addition to his success in professional trading and education, Jeff is also a member of the elite MENSA community, which is known as the largest and oldest high IQ society in the world.  In this episode of How To Trade It, Jeff & Casey discuss the benefits of selling options, even when the markets are seemingly out of control.  You don’t want to miss it!Subscribe to How To Trade ItEpisode Sponsor:A new type of trading with Kalshi. Check it out, to get started today!You’ll want to hear this episode, if you are interested in…[04:06] Learning to trade successfully[07:29] A tough year to trade[10:02] Volatility in the market[17:12] Bullish on Gold?[20:33] CryptocurrencyLearning to trade successfullyThe first thing I had to learn, in order to become a successful trader, was how to respect the Stop-Loss. Every trader is going to see losses. No one is successful 100% of the time. One day, when you realize that losses are a big part of trading, you will finally learn how to plan for those losses early…you plan where your “Stop” is going to be, before you even take a trade.  When you learn to do this, it’s very freeing, and you gain a level of comfort when you know you aren’t in over your head in trades. GOLD I own gold for the long term.  I have physical gold.  I’ll always own gold.  I’m a big believer in having it as an asset.  This is probably a great time to buy too, as it is closely linked to the dollar. Right now the dollar is very extended against the Euro and other currencies.  When the dollar pulls back and other currencies strengthen, gold will rally again.  CryptocurrencyI don’t actually hold any because for me the verdict is still out. I do, however, think that crypto is here to stay and will be a big part of our lives in a few years down the road.  Our best bet would probably be dollar cost averaging with the bigger blue chip crypto names like Bitcoin, Etherium, etc.  Just start scaling in…low priced, high priced…so that you get a good average price over the course of the next several years.    Resources & People MentionedBullseye TradesConnect with Jeff BishopWebsite:        https://ragingbull.com/  Twitter:          https://twitter.com/RagingBullLinkedIn:       https://www.linkedin.com/in/jeff-bishop-515579185//It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Todd “Bubba” Horwitz has enjoyed a successful career in the financial industry, which he began in 1980, as one of the original market makers in the OEX Trading Pit at the Chicago Board of Options Exchange. In addition to his career as a skilled trader and investor, Bubba has spent the last decade as a mentor and educator to traders of all levels.  As the founder and Chief Strategist of BubbaTrading.com, he manages the development and distribution of market content, product development and trade ideas.  In this episode of How To Trade It, Bubba shoots straight from the hip with practical  advice on learning to trade correctly, so you can trade in absolutely ANY market conditions.  You don’t want to miss it!Subscribe to How To Trade ItEpisode Sponsor:A new type of trading with Kalshi. Check it out, to get started today!You’ll want to hear this episode, if you are interested in…[00:40] Advice for new traders[02:32] A strategy for everything[09:56] The Blow Off Pattern[14:57] Trading either side of the marketListen up new traders!The first thing I teach new traders is to be patient and disciplined. You have to wait for your trades, you can’t force them. When you try to force it, you will end up losing money. Traders, especially new ones, tend to think that if they are in front of a machine, a trade must be made. Not so! If the price action you are seeing isn’t conducive to the trade you are trying to set up, then you can’t make money. Why put yourself in that position?We start trading at 9 amEven though the U.S. Market doesn’t open until 9:30 am Eastern time, for the first 30 minutes of our trading room each day, we trade EURO currency, Gold, Crude Oil, and bonds, since those are already open. The U.S. Market still trades the heaviest volume during what were the original pit hours. If you ever watch, every morning around 9:30 am, no matter what the volume was overnight, there’s a huge spike in volume.The Blow Off PatternWe trade this pattern when there is a big news event, such as a “Jobs” announcement. The market becomes completely irrational. You get a gigantic spike in volume and also in price, either up or down.  Those two things together create an opportunity.  Resources & People Mentioned   Monday Night Strategy Call - email Bubba for accessConnect with Todd “Bubba” HorwitzWebsite:        http://bubbatrading.com   YouTube:       https://www.youtube.com/c/BubbaTradingTwitter:           https://twitter.com/Bubba_TradingLinkedIn:       https://www.linkedin.com/in/bubbashow/It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Guy Cohen is the creator and originator of the unique OVI (Options Volatility Indicator) and the founder and CEO of the WiseTraders platform. Every single day, tens of millions of dollars-worth of stocks and options are being traded by professional money managers and home-based traders, using Guy Cohen’s OVI systems. Specializing in stocks and options, Guy is passionate about unlocking the power of “scarce information”, and his mission is to help others achieve similar success trading the US stock market. His expertise originates from an MBA in Finance at Cass Business School in the heart of London’s financial district, but his unique appeal is his ability to communicate proven concepts, empowering you to trade them yourself.  In this episode of How To Trade It, Guy talks about learning to be discerning, so you can maximize the probability of making huge gains. You don’t want to miss it!Subscribe to How To Trade ItEpisode Sponsor:A new type of trading with Kalshi. Check it out to get started today.You’ll want to hear this episode, if you are interested in…[05:41] Big discoveries[09:55] Momentum[12:20] Three things to look for on a chart[18:15] OVI[24:20] Managing risk with deep-in-the-money calls[32:52] Better than the next big thing[37:05] Smart leverageEasy to understandGuy started trading stocks because of their simplicity. You have a unit in a company…if that company performs better than expectations, the shares are going to go up, and if the company performs less than expectations, the shares will go down. So, from an intuitive point of view, that’s basic information that is easy for anyone to understand. Managing riskWhether you are trading stocks or deep-in-the-money calls, your risk management is basically the same. You should use your established trading plan, with tight stops, a set-up based on the Big Money Footprints, and consider the current market conditions.  When the market is choppy, it’s wise to not be as busy as when the markets are smooth. Learning to be discerning is a critical part to achieving success.   Resources & People Mentioned The Three Master Keys of Trading"5 Stocks To Watch" FREE report Connect with Guy Cohen Website:        https://www.wisetraders.comYouTube:       https://www.youtube.com/c/wisetradersoviTwitter:          https://twitter.com/WiseTradersOVIFacebook:     https://www.facebook.com/WiseTradersOVILinkedIn:       https://www.linkedin.com/company/wisetradersSupport the show
Blake Morrow, the CEO and co-founder of ForexAnalytix, has over 20 years of trading experience and has been a co-owner of a Dallas-based brokerage firm and LiquidTrader Technologies. He spent over 14 years hosting a popular Forex and trading online show, “The Morning EDGE”, where he spent his day trading with and teaching other traders to navigate through the markets. Blake is a seasoned individual investor in both equities and Forex. He is a husband, father, avid golf hacker, and a proud Marine Infantryman (3rd Battalion 9th Marines, 1990-1994). In this episode of How To Trade It, Blake discusses volatility and the importance of good risk management. You don’t want to miss it!Subscribe to How To Trade ItEpisode Sponsor:A new type of trading with Kalshi. Check it out to get started today.You’ll want to hear this episode, if you are interested in…[06:20] Fractionals[16:47] Size matters[31:05] The problem with social media[39:30] Weekly strategy[41:32] It’s like playing chessThe break that jump started my trading careerBy the mid ‘90s, I found myself living off of my savings and existing on Ramen and PB&Js. Not really a great place to be. At some point, my buddy and I each got $50,000 from an investor, which I quickly took down to $20,000, in about six months. Then one day, it was as if I hit the lottery. I found a stock that was trading at around $8, and it quickly went to $120.  I had some big positions and FINALLY made some money. Fractional shares saved me!  They were everywhere, and they made scalping a lot easier.  Risk ManagementLike many traders, when I first started, I only cared about the profits. I wasn’t concerned with managing risk, and I definitely didn’t have a plan in place to deal with it. With 20+ years of experience, now the FIRST thing I want to know is where my risk is. Since I’m managing a community of traders, and not just myself, I try to keep risk management at the forefront of everyone’s mind.  You have to essentially start backwards. Before even taking a trade, you need to ask yourself how much you are willing to risk.  Resources & People Mentioned Traders Summit - Register for FREE!!! Connect with Blake Morrow Website: https://www.forexanalytix.com/blog/author/bmorrow/YouTube:https://www.youtube.com/channel/UCnAQSmtLxwt6ZMQ6V6pZw8wTwitter:https://twitter.com/PipCzarFacebook:https://www.facebook.com/forexanalytix/LinkedIn:https://www.linkedin.com/in/blake-morrow-322a47b3/It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Jim Kenney, fondly known as The Option Professor, is a graduate of Boston College & Don Bosco Prep. He received his options training at the Chicago Board Options Exchange (CBOE) and several major investment firms.  Jim has traded thousands and thousands of options contracts in various markets and has educated numerous investors worldwide on the use and risk associated with options. In this episode of How To Trade It, Jim discusses the benefits and risks for both beginners and experienced traders. You don’t want to miss it!Subscribe to How To Trade ItEpisode Sponsor:A new type of trading with Kalshi. Check it out to get started today.You’ll want to hear this episode, if you are interested in…[01:35] Gold![06:25} Leverage[09:00] Let’s talk about risk[10:06] The beauty of the BUY side[13:51] “Out-of-the-money” [18:39] Steps for beginners[19:54] The importance of sizing[22:22] Volatility[24:58] One-on-one training sessions[31:04] Getting your money off the table![32:36] Education is keyThe Draw of OptionsWhen the gold market collapsed, and I shifted to the stock market, I was immediately drawn to options because of the potential that I saw. You could do a lot with them…ride them, buy them, take in the cash, speculate, use them as insurance…I was fascinated and completely hooked.What is an option anyway?An “option” gives you the right to buy or sell a market at a certain price (called the striking point) for a certain period of time (called the expiration date).  If you buy an option, you must pay the premium (the cost of an option). If you are buying a call option, you are anticipating that the value of the stock is going up.  If you are buying a put option, you anticipate the market going down. Buying a CallHere’s an example…you are looking at Apple, and it’s trading at $150 per share. If you buy a call option, you are buying the right to purchase the Apple stock for a set amount of time (let’s say 90 days), and you will be charged a $5 premium.  You get the right, not the obligation, to purchase 100 shares of Apple at $150, that’s the striking price, for $5 x 100 shares…so $500 is your risk.  That is what you will pay to leverage $15,000 Apple stock ($150 x100, right?)  Resources & People Mentioned7 Best Ways to Trade Options (FREE eBook)Connect with Jim Kenney, The Option ProfessorWebsite:  https://www.optionprofessor.comYouTube: https://www.youtube.com/channel/UCaTmVArwmVjenxLVrSQSJrwEmail:        optionprofessor@gmail.comIt's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Mariusz Skonieczny is the founder of MicroCap Explosions and the author of 11 books on investing.  He graduated from Indiana University in 2003, with a degree in finance.  He began his career in the residential and commercial real estate industry, as an appraiser and broker.  During the 2008/2009 financial crisis, Mariusz left real estate to focus on stock market investing exclusively.  He started trading in 2009 with $10,000.  By 2019, he had grown his account to one million dollars.  That one million became $7 million by the end of 2021. In this episode of How To Trade It, Mariusz talks about what it took to realize that kind of growth. You don’t want to miss it!Subscribe to How To Trade ItEpisode Sponsor:A new type of trading with Kalshi. Check it out to get started today. You’ll want to hear this episode, if you are interested in…[04:05] Two types of competition[10:43] Finding companies 1 by 1[13:46] Secondary exchanges tend to attract…[15:10] The problem with NASDAQ[20:15] Going to the source[24:07] MCEChoosing a good companyChoosing a good company isn’t as hard as you may think.  You do need to be willing to put in the work though. After narrowing down your choices, by eliminating all of the companies that are making empty promises or don’t have any real assets to offer, you begin to dig deep.  Call the CEO.  Talk to employees or clients.  Contact the Directors.  Learn the industry.  By doing this, you will have an informational edge that you can’t get with big companies trading on NASDAQ or the NYSE.  MicroCap ExplosionsThis research-based newsletter is invaluable, but it’s also not regularly scheduled.  In order to 10x, 20x, 50x your investment, you can’t be jumping around from thing to thing.  Giving regularly scheduled updates is ridiculous in this business. He won’t write something, simply for the sake of writing something.  When Mariusz sees a good deal, he writes it up. In this current bear market, it’s easy to find great opportunities. However, when you find a good thing, you buy it and then you sit on it…sometimes for a long, long time. Resources & People MentionedWarren BuffetBerkshire HathawayConnect with Mariusz SkoniecznyWebsite:    https://microcapexplosions.com/YouTube:   https://www.youtube.com/user/SkoniecznyMariuszTwitter:      https://twitter.com/ClassicValueInvLinkedIn:    https://www.linkedin.com/in/mariuszskonieczny/It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Learn 5 Tips to become a Great Scalperhttps://info.tradingstrategyguides.com/5-hacks-for-scalping-webinar?utm_campaign=podcast Episode Sponsor:A new type of trading with Kalshi. Check it out to get started today. Today’s lesson is all about being a high performance trader. If we want to operate in a high performance mode, we must have a checklist. It is much better to become a high-performance trader than an average trader. If we think of a high performance vehicle, everything in that vehicle that people pay attention to performance. Every single part needs to be working together to get maximum performance. Here is my daily checklist.  [02:09]Mind and Body[06:36] Prayer and Meditation[08:31] Mindset[11:26]Beliefs[12:42} Vision[14:48] Gratitude[17:47] Emotions[20:10] Execution[25:55]Thank you1.   Reading and Writing 2.  Prayer 3. Hydration and Nutrition 4.  Mindset             a.      Gratitude             b.      Beliefs             c.      Vision             d.      Emotions 5. Daily Trade Plan             a. Daily bias            b. Entry points            c.      Exit points           d. Risk Management 6. Execution–If we plan execution is the easy part. 7. Review each day. Connect With Casey StubbsWebsite: https://caseystubbs.comYouTube: https://www.youtube.com/TradingStrategyGuidesYouTube: https://www.youtube.com/caseystubbsTwitter: https://www.twitter.com/caseystubbsFacebook: https://www.facebook.com/TradingStrategyGuidesLinkedIn: https://linkedin.com/in/caseystubbs   Subscribe to How To Trade ItIt's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Kira Turner is a full-time, professional trader of stocks and options.  She is the Moderator at The Inner Circle Trading Group, a group of experienced traders helping each other to make great trades. In this episode of How To Trade It, Kira shares the importance of being flexible enough to remain profitable in difficult market conditions. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[02:09] Changes after trading went “online”[06:36] Risk management[08:31] Success in the markets requires…[11:26] Big challenges[12:42} Time for a new strategy[14:48] Realistic expectations[17:47] Trading during a down cycle[20:10] Recovering after a loss[25:55] An affinity for “high risk” activities[31:04] Get in touch with KiraEpisode Sponsor:A new type of trading with Kalshi. Check it out to get started today. Trading onlineWhen Kira first started trading, she had to sit across the desk from a broker who took trades on her behalf.  When online trading became all the rage, trading changed drastically.  All of a sudden, there were so many more traders with sophisticated thought processes and strategies.  The moves in the market became faster and much more violent.  Where you used to trade in quarters, you now trade in pennies. And the changes keep coming, which is perhaps the reason Kira describes her trading style as “flexible”.  She has admittedly had to completely adjust her methods multiple times, based on the market’s ever-changing conditions.Success in the marketsKira believes that in order to have success in the markets you must first have confidence in your system. You have to understand sizing. And, most importantly, you must also exercise great risk control. It’s critical for long-term success to learn to size correctly and manage your risk well, so that if you are wrong on a trade, you are able to take the loss and move on.  No one is right all the time, so you must prepare for those times in advance.   Trading in a down cycleThe market has been very challenging this year, but you can still trade well in a down cycle, according to Kira Turner.  Last year, the market just kept going up and up and up.  If you had a bad trade or two, you could save yourself by simply buying more and holding on for the ride. In 2022, we haven’t been so lucky.  Kira has stopped holding as many positions, has reverted to more day trading, and is being more discriminate about which trades she’s willing to short. The crazy runs of 2021 were fun while they lasted, but 2022 has taught Kira to cut her losses quickly. It’s been her ability to be flexible and adjust to the changing market that has kept her not just afloat, but profitable, in the midst of these difficult market conditions.     Resources & People MentionedFREE Nerves of Steel webinar - September 29th!Connect with Kira TurnerWebsite:  It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Mark Yegge, the Wealth Architect, is a lifelong learner, author, course-creator, mentor, and fund manager. He’s the founder of Destiny Creation LLC, and he’s traded over $14-billion worth of securities. Using his experience and expertise,  Mark is on a mission to change the way we invest.  In this episode of How To Trade It, Mark talks about taking the small wins over and over again. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[00:42] Lessons from a Taxi driver[12:46] The 4 Cornerstones[15:28] The secret is…[22:10] The future of Bitcoin[26:43] Supply & Demand[32:46] Special offer for How To Trade It listenersFast is Slow & Slow is FastMost people just want the quick win; the fast and big money.  The better option, however, is to take small wins, over and over.  So while that may seem like the S-L-O-W approach, in the long run, it’s actually a faster way to increase your wealth.  You reduce the risk of losing large sums of money, while having a consistent income that will continue to grow over time.  The enemy Emotions are the enemy of the trader.  When emotions go up, intelligence goes down.  Go ahead and tell me I’m wrong. At Destiny Creation, we try to teach people how to get rid of or control their emotions, so they can trade from a quiet and still place.  This happens by having a trusted system in place and well-defined processes to follow.  No system is perfect, but if you follow our approach and the rules, we can teach you how to consistently make 2-4% each month.Crypto…Bitcoin?Mark believes that cryptocurrency, specifically Bitcoin, is the future.  It may not replace the dollar, but it’s probably good to have as part of your asset allocation, as it is probably the only truly decentralized crypto.  It’s never been hacked, and it’s a great option, if you want something that is going to hold its value. Resources & People MentionedJesse LivermoreWilliam O’Neil Edward O. Thorp - Beat The MarketThe Cash Flow MachineFREE eBook - Regular Paychecks (for How To Trade It listeners)Gary GenslerConnect with Mark YeggeWebsite:     DestinyCreation.comTwitter:       https://twitter.com/mark_yeggeFacebook:  It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Joji Mangubat is the co-founder, publisher, and president of Viking Crest, which publishes a daily market report that keeps their subscribers “well ahead of what’s to come in the markets”, says Joji.  He has educated and taught investors and traders, for years, on how to make better investing and/or trading decisions by teaching them what to look for in charts, how to fundamentally assess an individual company, both short and long-term, and how to understand current economic and technical conditions to avert risk, while maximizing returns.  In this episode of How To Trade It, Joji talks about avoiding risk by learning to select quality companies to trade or invest in, whether short- or long-term. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[01:19] Self-directed portfolios[08:30] Long-term investing ideas[11:40] The markets in 2022…[13:15] Solid recommendations[20:44] Current market conditions[27:38] Research on the FedWhat makes a company “good”?When we are analyzing a company to recommend for the long haul, we always ask ourselves…Can this company change the industry it’s in or can it change the world?  If it has the potential to do one of those two things, it’s going to be good. However, the company must also be delivering on the growth side as well. Fundamentally, we look at the health of the company by examining the financials. We also look at the valuation metrics and forward growth projections. We often check out their competition to see if there are potential issues to watch out for or great advantages that they may have over others in their field.  Dollar Cost AveragingJoji is a huge advocate of dollar cost averaging, especially for younger investors.  It’s an unfortunate reality that many investors have a tendency to average down too soon. Joji doesn’t encourage averaging down, in a good company that he believes in, unless it’s down 50% or more. If you are able to ride the wave, it’s better to just continue to add funds each month, and then wait.   Current Market ConditionsJoji thinks we have developed a “bottom”, but he doesn’t think it is THE bottom, meaning things could continue to trend down.   Markets go up and markets go down, but it’s critical to remember that the single most important thing about the stock market is interest rates. So, you can be in a recession, and you can have rates collapsing, and that’s going to end up being a great buying opportunity…even if the recession isn’t over yet. We’ve already seen that during the pandemic.    Resources & People MentionedOur +FREE workshop: https://bit.ly/3GId6utConnect with Joji MangubatWebsite:    https://www.vikingcrest.com/ (Free 30-day Trial)YouTube:   https://www.youtube.com/channel/UCvgSWaZYCqLL348Xl0n75BwTwitter:      http://twitter.com/VikingCrestLifeFacebook: It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Natalie Brunell is a first generation Polish-American media personality, educator, YouTuber, and podcast host. In 2021, Natalie launched her Coin Stories podcast which features the leading voices in Bitcoin and economics.  In this episode of How To Trade It, Natalie talks about the decline of the USD, and the possibilities that Bitcoin holds for the future, not only for the U.S., but on the global scene as well. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[07:25] The purpose of Bitcoin[09:17] Our inflationary economic system[11:57] Coin clipping[15:09] Bitcoin in other countries[25:36] Is Bitcoin the solution?[28:35] Journalistic integrityThe purpose of BitcoinDecisions regarding our money are made by very few people, most of whom are not elected.  We have a system of ever-growing money printing, debt, and credit, as the global reserve currency.  This has led to a huge concentration of power and also to an increasing amount of wealth concentration.  Bitcoin was invented to decouple money from the state to help eliminate, or at least alleviate, this problem.  Is Bitcoin the solution?We have an inflationary economic system coupled with technology, which is creating a deflationary system. These forces don’t work well together long-term.  They lead to wealth concentration and debasement of currencies, and will eventually stop working altogether.  We need a solution!  In Bitcoin, we have some potential.  It is a decentralized monetary technology that no one owns, operates, or governs.  Bitcoin in El SalvadorLast year, El Salvador was the first country to announce Bitcoin as legal tender and to start to adopt the Bitcoin standard.  There are some hurdles ahead...at the top of the list is educating the public.  If Bitcoin survives, there is huge potential, and the likelihood of other larger countries following suit is probable.  Resources & People MentionedThe Bitcoin Standard: The Decentralized Alternative to Central BankingThe Price of Tomorrow: Why Deflation is the Key to an Abundant FutureConnect with Natalie BrunellPodcast:   Coin Stories It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Scott Barkley is a professional Forex Trader and co-founder of ProAct Traders LLC. He has traveled extensively, while teaching and training Forex trading around the world.  Scott is a highly sought-after conference speaker, as well as a consultant and analyst in the Forex industry where he blogs on nine separate website portals. In this episode of How To Trade It, Scott unpacks his trading methods and practices. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[00:35] The markets are still moving![01:47] Pressing your winners without exception[03:59] All Forex traders are rule breaker[05:14] The worst thing that can happen to a trader[05:45] Pressing your winners revisited[06:55] The ATR [08:37] Adding to your position[10:49] Traders tend to major in the reward, rather than risk[11:18] The Snowman[12:58] One of the grandfathers of Forex trading[14:23] How much money does it take to move the Euro dollar?[15:33] Getting to breakeven[18:12] Why it’s so important to press your winners[19:29] Your bail out position[20:36] When to enter a trade[22:40] The market isn’t random[28:35] Scared money never winsPressing your winnersLearning to “press your winners without exception” allows for a huge opportunity to make hundreds of pips on a trade, instead of a measly 5, 10 or 12, that most traders are used to.. Simply put, this is the process of intentionally adding to each and every trade once it reaches a set target level. In fact, this addition is so important that it is set up prior to the initial trade, as double the initial trade size, and is automatically triggered once you are at a profit with the initial trade. It’s a great way to capitalize on your trades, while also managing your risk well.  The worst thing that can happen… Following the rules that you establish for your trading is critical to your long-term success.  The worst thing that can happen to a trader is to break a rule and win.  It may seem crazy to think that a win is a bad thing. However, if you win under unfavorable conditions, or outside of your set rules, you are simply beginning the process of creating a bad trading habit.  And bad habits are incredibly hard to break! Traders need to learn to be more concerned with risk management, than with making a profit. The profits will come, if you are patient and willing to wait for the right situation and set up. Resources & People MentionedGreg Michalowski (HTTI podcast episode)FXDDConnect With Scott BarkleyWebsite:     https://www.proacttraders.com/YouTube:    https://www.youtube.com/user/FOREXTARGETTRADERSTwitter:       It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Adrian Reid is a private trader, as well as the Founder, Mentor, and Trading Coach at Enlightened Stock Trading which is dedicated to educating and supporting traders on their journey to profitable systems trading. Enlightened Stock Trading's goal is to help you achieve financial freedom and your ideal lifestyle sooner by building a trading system which suits your objectives, personality and ideal lifestyle. Adrian offers substantial support on trading systems, coaching and education.  In this episode of How To Trade It, Adrian talks about how he can help busy professionals achieve financial freedom through systematic portfolio-style trading. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[02:08] Adrian’s fascination with stocks[04:40] How to know when it’s time to quit your day job[14:50] Adrian’s daily process[19:54] Backtesting the right way[27:24] How to maximize profits[30:17] Managing risk and draw downEnlightened TradingWhen Adrian started trading and training people, he saw all sorts of crazy stuff.  Traders were making mistakes in psychology, as well as in techniques and strategy implementation.  The name “Enlightened” came about when Adrian discovered that the most helpful thing to successful trading was to learn about yourself.  He now teaches people to develop strategies that are easily executed because they take into consideration the trader’s own mind, personality, objectives, and lifestyle. This approach makes trading easy and natural because it’s so personalized.  Don’t Quit Your Day JobAdrian encourages traders not to quit their day job too soon.  Instead, you should use your day job to fund your trading account and grow it big enough to one day get the freedom that you truly desire. If you don’t rush the process, you eliminate the stress that comes with being forced to be profitable. Adrian feels that many traders get this backward. Trading doesn’t have to be stressful.  When trading becomes mechanical because you are following a straight-forward strategy, you are able to eliminate the wild and worried emotions that many traders experience. Spend as much time as necessary developing your strategies, and when you start making more trading than in your regular 9 to 5, then it’s time to quit your job and enter full time trading.         Resources & People Mentioned AmiBrokerThe Trader Acceleration Bundle (FREE resource for podcast listeners) Connect with Adrian Reid Website:: www.enlightenedstocktrading.com LinkedIn:https://www.linkedin.com/groups/8486429 LinkedIn:https://www.linkedin.com/in/course-on-stock-trading/YouTube:https://www.youtube.com/c/EnlightenedStoIt's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Looking at trading from the perspective of a business process, Brian McAboy noticed that a primary challenge of trading is the same as it is in the manufacturing industry, and most other businesses: the need for consistent, solid execution of best practices. This was great news, since it’s the primary focus of the whole field of Quality Assurance: making the processes and operations run so consistently and reliably that confidence and security are maximized, as are profits. Brian’s field, Quality Assurance, is in its essence, “The Science of Consistency”.  Its tools, principles and practices are all designed specifically to clarify processes (for any business activity) and then get them to be highly repeatable – which is perfect for traders!  In this episode of How To Trade It, Brian talks about coaching his students by equipping them with the tools to become consistent, time and time again. You don’t want to miss it!Subscribe to How To Trade ItResources & People MentionedBrian’s FREE Enough To Be Dangerous PDFConnect with Brian McAboyWebsite:: https://insideouttrading.com/   YouTube:https://www.youtube.com/TraderBrianLinkedIn:https://www.linkedin.com/in/brianmcaboy/ Connect With Casey StubbsWebsite:      https://caseystubbs.comYouTube:    https://www.youtube.com/TradingStrategyGuidesYouTube:   https://www.youtube.com/caseystubbsTwitter:       https://www.twitter.com/caseystubbsFacebook:   https://www.facebook.com/TradingStrategyGuidesLinkedIn:    https://linkedin.com/in/caseystubbs   Subscribe to How To Trade ItDisclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Jerry Allison is a CPA who has been practicing accounting for over 30 years.  He also holds a doctorate in business administration and a master's degree in mathematics. In addition to accounting in all types of businesses, he has taught at several universities and colleges, helping students set up and operate businesses efficiently. Dr Allison has also performed research in business strategy, publishing several journal and conference papers, and he specializes in tax preparation and consulting for those trading public securities.  In this episode of How To Trade It, Jerry talks about the importance of understanding how to properly file taxes as a trader. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[00:24] Taxation for traders[00:50] Trading Forex…[06:40] Reasons for a Schedule C[07:14] Two types of LLCs[08:55] Tax impact of losing money while trading[09:46] Trading Stocks & Options…[19:58] Cap Gains & Losses[23:17] Trading Futures…[26:32] Trading Cryptocurrencies…[29:02] Creating a trading business[32:45] Services provided by Traders AccountForex taxationIncome from trading Forex is reported as regular, ordinary income.  It’s super simple to report.  It looks like income from a W-2 or 1099.  If you want to be able to deduct expenses, you can claim “Trader Status”, if you meet the following special circumstances from the IRS:  Take 700+ trades in a year; trade on 75% or more of the available trading days in a year; and spend 4-6 hours per day in research and/or education.  The IRS is trying to make certain that you are treating “trading” as an actual business.  The downside?  Claiming expenses on a Schedule C, as an individual, increases your audit risk.     Limited Liability CompaniesThe first type is a single member LLC, where there is only one owner.  Income is reported on the Schedule C of the individual’s tax return.  This is useless to set up, if you are a trader.  The second type, and the one recommended for traders, is a partnership, or a multi-member LLC.  In this case, the entire trading piece is moved from the individual tax return, and income is reported on a partnership tax return.  The IRS views this as a legitimate business, or a pass-thru entity, where income is reported on a Schedule E.  Capital Gains TaxesThere are two kinds of cap gains to consider.  First, you can Short-Term, which refers to anything that you hold for a year or less.  These gains are taxed the same as ordinary income rates…22%, 35%, 37%, etc. tax brackets.  The second type is Long-Term Cap Gains.  They are the income generated by anything that is held for more than a year, but the maximum tax is capped at 20%.  Traders Accounting ServicesConsultingHelp setting up entitiesTax return preparationBookkeeping servicesConnect with Dr. Jerry AllisonWebsite::       http://www.tradersaccounting.com LinkedIn:        It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Michael Lamothe is the founder of MARA Wealth, and is a successful author and trading coach. Mike’s trading journey began in the late 90s as a self-taught, part-time trader.  Mike learned the hard way that there’s a lot more to trading than putting money in and simply waiting for more to pop out. After failing miserably on his own for nearly a decade, Mike discovered William O’Neil's book, “How to Make Money in Stocks”, and the Investor’s Business Daily Meetup in NYC. Learning from like-minded traders and professional money managers, Mike began taking trading more seriously, his confidence grew, and within a year, he not only became profitable, he became a Co-Leader of the NYC Investor’s Business Daily Meetup. In this episode of How To Trade It, Mike shares how he finally broke free from the vicious market cycles of gain and loss by shifting his mindset. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[06:58] Getting a system that works for YOU[10:24] Boom & Bust cycles[16:54] Finding your own style[24:00] Knowing when to break the rules[30:13] MindsetFresh out of high schoolMike tried trading on his own, on and off for nearly a decade, all-the-while getting bashed by the markets. It wasn’t until he discovered the O’Neil method when reading a book, that he began to understand the ins and outs of trading.  Within a year, things finally turned around and brought some profitability.    When can I break the rules?The usual answer is “NEVER”!  Having trading rules to follow is an important part of being a successful trader. Be disciplined, in the moment. Follow the rules, in the moment.  But afterwards, when you are doing your post analysis, if you discover that your rules aren’t working, or aren’t producing the results you want, THEN, and only then, is it time to change the rules.  Again, this should be done in an orderly fashion, with a goal in mind.  It cannot be done in haste or out of revenge, or anger, or fear.   Resources & People Mentioned How To Make Money In Stocks by William O’NeilMark MinerviniVan TharpThe MARA Mindshift Guide by Michael LamotheComing soon…The Trading Mind Wheel by Michael Lamothe Connect with Michael Lamothe Website::  http://marawealth.com (Sign up for FREE newsletter) YouTube:https://www.youtube.com/marawealthTwitter:     https://twitter.com/MichaelGLamotheFacebook:https://www.facebook.com/MaraWealth/Instagram:https://www.instagram.com/michaelglamothe/Support the show
In this episode of How To Trade It, Casey shares what he has found to be the BIGGEST obstacle to his trading success…and it may just be true for you too. Listen now to hear how to overcome this hurdle. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[01:13] And the obstacle is…[03:54] What is integrity anyway?[08:50] Following a plan[13:10] The biggest catalyst to trading success[15:21] Good habits[20:15] The #1 reason traders failIntegrity in Life & TradingIt’s pretty simple.  Integrity is doing the right thing, even when no one is watching. First, you must start with defining your standard, so that you know what the “right” thing is.  In the trading world, that means having an established plan.  If you want to become an excellent trader, you need to start with a well-thought out (& written down) plan with rules and processes to follow.  A Lack of Integrity?Sometimes we sabotage our own efforts.  We don’t follow our own rules, then we blame the market, or the indicator we are using, for our failure.  We condemn ourselves for having a bad trade or series of them, and then we experience guilt for not being successful.  It’s easy to get stuck in this cycle, and it’s definitely not productive.  This lack of integrity will cause problems time and time again.  If you can’t keep yourself accountable to following your stated rules, it might be time to find people who are willing to walk along side of you to help you stay on your path.   Resources & People Mentioned Forex Master TraderLeave a review:  Apple Podcasts or PodchaserHow To Trade It - Create Winning Trading Habits & Become a Trading Millionaire, Ep #116 Send questions, comments, and podcast ideas to: Business@TradingStrategyGuides.com Connect With Casey Stubbs Website:     https://caseystubbs.comWebsite:     https://tradingstrategyguides.com/YouTube:     https://www.youtube.com/TradingStrategyGuidesYouTube:     https://www.youtube.com/caseystubbsTwitter:       https://www.twitter.com/caseystubbsFacebook:   https://www.facebook.com/TradingStrategyGuidesLinkedIn:     https://linkedin.com/in/caseystubbs   It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
Patrick Walker is the co-founder of Mission Winners.  He loves to learn.  And thankfully, he loves to teach as well.  He’s taught on the university level, led youth groups & scouts, and even trained others in outdoor survival skills.  In this episode of How To Trade It, Pat shares some personal stories of growth, walks us through how he survived downturns in the market, gives credit to those who have taught him all that he knows, and so much more.  You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[02:45] How outdoor survival skills translate to the investing world [11:56] What you need to know to get started investing in the market[17:20] Focusing on chart patterns that everyone can see[18:40] The two types of capital to protect[23:40] Focusing on these three moving averages[31:40] How to stack the deck in your favor[38:47] Things to look for before exiting[43:50] Mission Winners and how to get in touchOutdoor SurvivalPatrick is big on discipline.  When he taught outdoor survival skills at high elevations, he used an, “If this...then that” approach.  You need to know what “that” is before you can do it because quite literally your life may depend upon it.  While your physical life isn’t on the line, the same principle applies when investing in your financial future.  Pat tries to make his teachings fun and delivers them in digestible pieces.  Hey, don’t forget your whistle!  Moving Averages   Patrick strives to buy right, so he likes to look for a clean and simple base that everyone can see.  When the volume pushes through, you ride it as long as you can.  If there is no volume, it’s a red flag not to BUY.   Pat is a fan of these MAs:8-period exponential moving average21-day exponential moving average50-day moving averageBefore leaving a tradeWhen asked what he does during a bear market, Patrick answered with a resounding...I’m OUT!  “When we accept the fact that we don’t know the future, we see the future much clearer.”  When you start losing the 21-day, and you start losing on the 50-day, and you start to see it rolling over on increasing volume...it’s time to get out.  It is what it is.  You have to learn to believe in what you see on the charts.Resources & People MentionedGet FREE training from Patrick WalkerHow to Make Money in Stocks by Bill O’NeilThink and Trade Like a Champion by Mark MinerviniMarket Wizards by Jack D. SchwagerEd SeykotaConnect with Patrick WalkerWebsite:     http://missionwinners.com      Twitter:     https://twitter.com/PatrickWalker56     Facebook:     https://www.facebook.com/MissionWinners  LinkedIn:     https://www.linkedin.com/in/pat-walker-195588a/     It's Casey thanks for listening to the How to Trade it Podcast. Kalshi is a new kind of trading strategy that’s unrelated to all the damage being done in today’s markets. It achieves this through Event Trading. Let me explain how it works. With event trading, you profit when you predict an event correctly. . It's that simple.Click Here to get StartedSupport the show
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