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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   Subscribe to How To Trade ItSupport 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/     Support the show
Joseph Gasperoni, aka "Jtrader," began his journey in 1999, by trading in the Italian and European stock markets. He was very successful, but wanted to expand his knowledge, so he decided to learn to trade options, futures, and American stocks. From 2004-2015,  he was able to achieve a 70% win rate per year.  In this episode of How To Trade It, Joseph shares his success and his struggles with anxiety and depression. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[09:42] What “profitable” looks like[11:27] The thing that changed Joseph’s life![15:19] Starting over[19:46] Managing anxiety & stressOne year of trading Toward the end of high school, Joseph made the decision to give trading a try for one year, and if it didn’t work out, he’d go to University to study banking.  After graduation, he spent the summer working and saving money, and by fall, he was able to open a brokerage account to start trading covered warrants.  In just 40 days, he lost everything he had. Instead of getting upset, he focused all of his energy into studying and learning how to trade well. The day that changed his life!Joseph was making money hand over fist! He was finding success at every turn. He was working out of a small “office” under the stairs in his parents’ home, with only two monitors, when he made almost 6 figures IN ONE DAY! That’s life-changing money right there.  But better than the money, was the look of pride that he saw when he looked into his parents’ eyes. Joseph says it was one of the best moments of this life.Starting over  Joseph had grown accustomed to bringing in 5-10k/day .  Sometime around 2002-2003, when the Italian banks realized they were losing money, the markets changed, and Joseph found himself unable to trade covered warrants anymore.  Basically, he had to find something else to trade and completely start the educational process over again. Resources & People MentionedSmash the BidRetraining The Brain: A 45-DAY PLAN to Conquer Stress and AnxietyConnect with Joseph Gasperoni (JTrader)Website::    https://jtrader.co/  YouTube:   https://www.youtube.com/c/JTRADERTwitter:      https://twitter.com/jtradercoLinkedIn:  https://www.linkedin.com/in/jgasperoni/ 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. Support the show
Casey Stubbs is a 9 ½ year United States Army Veteran and married father of nine.  He is an entrepreneur, a leader in his local church, and is a successful business owner and trader.  Casey is dedicated to helping people from all walks of life fulfill their financial dreams, while also achieving financial freedom. Helping others is at the heart of all that drives Casey on a daily basis.  In this episode of How To Trade It, Casey veers from trading, and instead, shares a message he recently preached. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[04:46] Matthew 20:1-16[08:31] The Kingdom of heaven[12:22] Idle people[15:45] The rich young ruler[17:32] Leveling the playing field[21:55] Spirit & Truth[24:33] Christianity is…[26:37] Colossians 1:13[29:03[ Critical encountersResources & People MentionedSend questions, comments, and podcast ideas to: Business@TradingStrategyGuides.comConnect 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 ItSupport the show
Tom “Canny” Canfield worked on Wall Street for two years, before starting a chain of restaurants. Ultimately, Canny began trading stocks in 1997, as he wound down the restaurant business, and went full-time by 1999, because of the freedom it provided to be at home with his wife and four kids.  Trading is an expression of love for his family and has allowed him to be actively involved in his kids’ lives. Coaching, teaching, and encouraging, is very much in his blood…from hockey with his children to trading today. Tom is now free to enjoy life on his own terms. In this episode of How To Trade It, Tom and Casey discuss the joys and pains of 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…[06:12] A strategy for this current market[08:59] How Tom enters a trade[13:22] Knowing when NOT to trade[23:45] Rebounding from a catastrophic loss[29:29] Facing your demons[35:29] The one year heart attack anniversary!Strategy for this current marketAccording to Tom, there’s a whole lot of nothing right now.  Short trading is pretty stressful for him.  He  tends to be more of a long-term trader who looks for growth stocks that are gaining ground quickly and are in an uptrend.  So, when market conditions are under the 200 moving average, Tom tends to trade very short-term…one, two, maybe three days, at most.  There are still lots of small wins you can capture, but it’s the money he makes on those long-term trades that sustain him during these leaner times.  Knowing when NOT to tradeTom likes to take a break…or rest…from trading.  He believes it’s healthy for our progress to take weeks, even months, where we don’t take a trade at all.  “It’s absolutely essential to your mental health”, he chimes.  Rebounding from a catastrophic lossIn late January 2018, Tom tragically suffered a devastating $500,000 loss in a matter of about an hour. He tried to trade again, but was spiraling out of control.  All he wanted to do was recover his money, but he was spinning his wheels.  Tom ended up taking six months off from trading because he was so psychologically damaged that he couldn’t even think straight.  It was critical that he took the time necessary to get back to “neutral”.  For Tom, that meant accepting that the money was gone, it was no longer his, he only had what he had, and then he needed to move on from there.  No looking back.  He learned that it’s essential to accept losses entirely, so you can find peace right where you are.  It took a lot of effort, and discipline, but after almost two years, Tom was back in the swing of things and had recouped his losses.    Resources & People Mentioned CANSLIMWilliam O’NeilThe AlphaMind Podcast Connect with Tom Canfield Website::    https://www.bedumbfollowprice.com/Twitter:       https://twitter.com/Canny4LinkedIn:    https://www.linkedin.com/in/tom-canfield-2081b116/ Support the show
Shannon Bray was born in South Louisiana and graduated from Thibodaux High. After taking an initial stab at college, Shannon enlisted in the United States Navy. He still enjoys scuba diving. Shannon lives in Apex, NC, with his wife, and three wonderful children. He has worked in various information technology roles and has become a leading expert in his field. Shannon believes that his expertise can benefit lawmakers who may be too distant from technology to understand how to incorporate it properly and how to generate laws around cyberspace. He is currently running for a U.S. Senate seat in North Carolina.  He has recently released his latest book on cryptography, which focuses on information security and the privacy of data. In this episode of How To Trade It, Shannon shares his thoughts on the best cryptocurrencies and their future. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[05:53] Bitcoin’s superiority[15:58] Crypto…which ones are legit?![17:45] What do investors need to look for to protect themselves?[20:15] Blue Sparrow unplugged[28:12] SHIB[34:51] The future of cryptocurrencyBitcoin’s SuperiorityShannon believes that Bitcoin will be really helpful in the future; especially in countries, like the USA,  that are overprinting and devaluing their dollar.  Those actions will inevitably lead to stability issues and recessions.  As the Bitcoin maxies say, “1 Bitcoin = 1 Bitcoin”.  In other words, the value of the USD doesn’t matter because crypto isn’t affected by the same factors.  Whether Bitcoin goes up or down, it always recovers.  The world is going to be more reliant on it, as time passes. Bitcoin was set up to reach a maximum,  so as it approaches that number, its value will continue to rise.    Blue Sparrow   Shannon was drawn to Blue Sparrow because of their involvement with charities.  This Etherium20 token benefits, not only its holders, but is also reaching third party communities with no shelter or running water.  Blue Sparrow has built a school in Iran, is building another school and a water tower in Kenya, and is contributing to several other projects. A new version (2.0) is launching any day now, that will allow this amazing humanitarian work to continue.  SHIBShannon credits SHIB as his reason for even being in crypto.  Last year, he invested a mere $1,200, and quickly turned it into 6 figures!!!  It changed his life. The SHIB Army is a fantastic and informative community that really helped propel him forward in his journey.  It’s a good international token and is a brilliant choice as an entrance into crypto trading.  You can pay attention, learn, and understand, without investing a lot of capital.  Resources & People MentionedImplementing Cryptography Using Python by Shannon BrayCrypto.comCoinbaseBlue SparrowConnect with Shannon BrayWebsite:   http://shannonbray.us  Twitter:     https://twitter.com/ShannonBrayNC LinkedIn:    https://www.linkedin.com/in/shannonbraySupport the show
Blayne Beacham Macauley is an artist and photographer whose works have garnered international acclaim, and have been featured in galleries, exhibitions, show houses, and in print and television media.  Since 2007, Blayne has participated in more than 22 gallery and museum shows; multiple juried exhibitions; and five renowned show houses. When Covid entered the scene, Blayne tried her hand at trading, and unlike the 98% of Covid traders who are no longer around, she is still going strong.  In this episode of How To Trade It, Blayne shares her journey into Options 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…[06:34] Blayne’s desire to invest[11:26] Where to enter a trade[12:25] What she’s trading most[13:13] The decision-making process[15:18] Managing risk when trading Options[16:48] Tracking trades[18:24] Highs and lows of trading[20:23] The AAPL Challenge[22:42] Start up funds[24:18} Why she didn’t quit[34:01} Blayne’s best week of tradingDesire to InvestBlayne’s desire to invest led her to check out trading during the Covid-19 pandemic in 2020.  She started with a Robin Hood account and simply followed their suggestions.  From there, she moved on to BeyondMeat because of the obvious and ongoing meat shortage.  Blayne joined a few services and tried to follow a few well-known traders, but wasn’t really hooked until she found her passion in trading podcasts.  That’s when she really fell in love with trading.   Entering a tradeBlayne really likes puts.  Puts are great!  She wants to see a bear flag into a key level break and then a rejection of an EMA.  So, basically, she enters a trade by looking for a particular level and chart pattern.  Blayne likes to keep things simple, so she mainly trades Apple.  She has all of her levels drawn out.  She understands the nuances of it, how it reacts with SPY and the Qs, so then Blayne basically tries to exploit the inefficiencies going on between them.  Managing riskBlayne likes to buy puts at a level of resistance. It either rejects or she’ll cut it, if it goes over that resistance level.  So, there’s always a small element of risk. It’s hard to know EXACTLY where to enter or exit, and Blayne admits that she sometimes battles the mental struggle associated with these things.  She likes to keep her losers smaller than her winners.  She seems to be doing just fine, since she boasts a 65% win rate this year.   Highs & LowsThere have been many more lows than highs, in Blayne’s trading journey.  Her biggest low came on a day where she ended up following someone else’s trade, against her own better judgment, immediately after a huge win, based off of her own choices. Blayne states that one of her biggest weaknesses is her tendency to follow others, when she knows deep down that she is capable of great trading on her own.   The mental anguish that comes with having a “red day” has been difficult, but she is learning to cope and separate herself from her trading mistakes. As time goes on, Blayne is gaining confidence in her own abilities and is relying less and less on the advice of others.  Resources & People Mentioned RadioSilentPlayTheSTRAT Connect with Blayne Macauley Podcast::   Support the show
Casey Stubbs is a 9 ½ year United States Army Veteran and married father of nine.  He is an entrepreneur, a leader in his local church, and is a successful business owner and trader.  Casey is dedicated to helping people from all walks of life fulfill their financial dreams, while also achieving financial freedom.  Helping others is at the heart of all that drives Casey on a daily basis. In this episode of How To Trade It, Casey shares seven valuable points to help you create winning habits.  You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…Small habits make a big differenceHabits are part of our programmingBuilding new habits require hard-to-miss cues and a plan of actionCreate rewards for completing the habitMake it simple and small to a build a new habitUse instant gratification to follow through on your habitsCreate a system for your habits, with metrics and accountabilityResources & People MentionedAtomic Habits by James Clear Strategy Sprints by Simon SeverinoSend questions, comments, and podcast ideas to: Business@TradingStrategyGuides.com Please leave a review, if you love my show:  https://podcasts.apple.com/us/podcast/how-to-trade-it/id1364693088 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. Support the show
JC Parets is the founder of All Star Charts and is one of the most widely followed Technical Analysts in the world. All Star Charts is a research platform for both professional and retail investors covering US and International stocks, interest rates, commodities, forex and crypto markets. In 2008, JC earned his Chartered Market Technician designation (CMT). You will often see JC as a speaker at some of the top investing conferences and has also been invited to speak at Harvard, Duke, NYU, University of Chicago and Hong Kong Baptist University among other institutions about Technical Analysis and Behavioral Finance. JC specializes in finding the most opportunistic risk vs reward propositions, while at the same time, bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. When he is not looking at Charts, JC enjoys playing and watching sports, good food and good wine. You can find JC on Twitter or perhaps at his winery in Napa Valley, CA, where he is currently producing Cabernet Sauvignon. In this episode of How To Trade It, JC shares how he chooses specific strategies based on the current market conditions. You don’t want to miss it!Subscribe to How To Trade It You’ll want to hear this episode if you are interested in… [03:12] The draw toward technical analysis[07:00] We must answer this one question[10:08] Mean reversion[12:20] A time and a place for everything[13:24] Lessons learned[14:50] Identifying trends[18:15] Learning the hard wayTechnical AnalysisThe technical side has always made more sense, to JC, than the fundamentals.  The markets aren’t just random, they trend…and there’s data to back that up.  Beyond that, there’s a little thing called common sense. Essentially, technical analysis is looking for trends. By ignoring them, you are putting yourself at a massive disadvantage. By identifying the trends of all asset classes, we are able to put the pieces of the puzzle together to identify profit-making opportunities, regardless of the market environment.    What direction is the market going?If you can answer this one question, you are off to a great start.  People talk about the market being “overbought”, but how can an overwhelming amount of buying pressure be a bad thing?!  We look at overbought or oversold conditions using an oscillator called RSI (relative strength index).  It shows momentum, relative to itself, over time.  In overbought conditions, you are going to see RSI readings above 70.  What you won’t see are oversold readings.  Momentum simply doesn’t get oversold.  Ultimately, I look at overbought conditions, not as a bearish indicator, but as confirmation that prices are trending higher.   Resources & People Mentioned John MurphyRobert D. Edwards and John MageeJeff DeGraff Connect with JC Parets Website:     http://allstarcharts.com  Twitter:       https://twitter.com/allstarcharts LinkedIn:    https://www.linkedin.com/in/jcparetscmt/Support the show
Simon Severino helps business owners discover how to be able to run their company more efficiently which results in sales that soar.  Simon is the CEO and founder of Strategy Sprints which is a global team of certified coaches that teach a customized strategy to get clients “out of the weeds” and doubling their revenue in just 90 days.  In this episode of How To Trade It, Simon shares his unique strategy for trading cryptocurrency. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[06:56] Last week’s $17,000 loss[07:13] Simon’s system breakdown[09:36] Asset selection[11:29] Decentralization defined[22:34] Simon’s community [27:40] Psychology of the MarketThe Journey Into CryptoSimon says he was "late to the party".  He finally started to realize that crypto was here to stay once it was already quite evolved.  It wasn’t really his thing, but since he helps people invest, he figured he better learn something about it, since that is what people pay him for.  He liked what he was discovering and became very excited about the future of crypto, especially Bitcoin.  Simon’s StrategySimon doesn’t consider himself a trading expert.  He’s just a CEO who wants to keep money for his children…so, he’s thinking about long-term wealth preservation.  Simon is not in the game of wealth creation via his investments.  Instead, he uses the surplus profits from his business to invest regularly. Resources & People MentionedStrategy Sprints: 12 Ways to Accelerate Growth for an Agile BusinessMichael SaylorRaoul PalConnect with Simon SeverinoWebsite:     https://www.strategysprints.com/Podcast:   https://podcasts.apple.com/us/podcast/strategy-sprints/id1299008831   Twitter:     https://twitter.com/strategysprintsFacebook:   https://www.facebook.com/strategysprints/ LinkedIn:  https://www.linkedin.com/in/simonseverino/Instagram:  https://www.instagram.com/strategysprints/  YouTube:  https://www.youtube.com/channel/UCnSFgJd0CrsEdQdO21txR2A YouTube:https://www.youtube.com/channel/UCqe61wN1WKIqWLEzuB9CPOASupport the show
Casey Stubbs is a 9 ½ year United States Army Veteran and married father of nine.  He is an entrepreneur, a leader in his local church, and is a successful business owner and trader.  Casey is dedicated to helping people fulfill their financial dreams, while also achieving financial freedom.  In this episode of How To Trade It, Casey shares the phenomenal success of Siphon X, his newly upgraded trading robot.  You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode, if you are interested in…[00:31]  Automated trading defined[04:48] When the system works best[07:57] How automated trading works[09:12] Casey’s embarrassing story of how NOT to trade[10:43] Benefits of auto tradingWhat is Automated Trading?Automated trading is when a computer program that you download onto your charts that will take trades “automatically” for you.  It's also called: Algo-trading, Algorithmic trading, EAs or Expert Advisors-in relation to Forex, or Robots.  It’s not 100% automated, as you often have input or need to occasionally tweak settings, and it's not as effective as a skilled trader can be.  Still, it’s a great option, especially for those who don’t have a lot of time to devote to their trading endeavors.  The System works best when…What we discovered was that Siphon X works beautifully when we apply it during certain market conditions, and works poorly in others.  We looked at it on stocks, crypto, and currency pairs, and we determined that it works really well in a trending market.  That is great news for us because we love to trade the trend.  So, after heavily back-testing on trending markets, the results have been through the roof!  The USD/JYP, for example, has been trading at a 90% win rate using our EA.    Benefits & drawbacksAuto trading is a great choice for beginning traders. Using an EA allows you to speed up the learning experience.  You only need to make adjustments that take a few minutes each week.  Time is one of our most valuable resources, so saving time for other activities is a huge win in our book.  It’s nearly impossible to replicate decades of knowledge and hands-on experience in a simple computer program.  And, even though your EA returns may not yield as large of a profit as that of a live person, getting consistent, steady growth in your account is still a great way to go.  Resources & People MentionedSiphon X Trading RobotSend questions, comments, and podcast ideas to: Info@TradingStrategyGuides.comConnect 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 ItSupport the show
Casey Stubbs is a 9 ½ year United States Army Veteran and married father of nine. He is an entrepreneur, a leader in his local church, and is a successful business owner and trader.  Casey is dedicated to helping people from all walks of life fulfill their financial dreams, while also achieving financial freedom.  Helping others is at the heart of all that drives Casey on a daily basis. In this episode of How To Trade It, Casey shares his thoughts on developing patience when 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…[00:47] What’s your motivation[05:06] Getting rich quick[07:00] Taking risks[09:58] Being successful[16:14] Perseverance![26:35] Knowing your set upWhat’s Your Motivation?Understanding why you do what you do is critical to your success.  When I was younger, I thought I was trading to make money.  It all seemed pretty straight-forward to me.  But, discovering the motivation behind my actions was a real game-changer for me.  Taking RisksThere’s no question that waiting is hard.  We all hate it. Patience, however, leads to greater fulfillment in life and a better return in the markets too.  Unfortunately, one of the hindrances to patience is risk taking.  For some, there is a thrill associated with putting a lot of money on the line…again and again.  It can become an addiction, if left unchecked. When I was younger, I did all kinds of crazy stuff, even in my trading.  I was absolutely addicted to the thrill of taking the big risk.  In that state, patience doesn’t even exist.  PerseveranceMy goal as a coach and mentor is to get people from beginner to successful, in as little time as possible.  My team and I are working hard to solve that problem by helping others avoid the things that tripped us up in our early trading journeys.  Persevering through difficult times will help you learn valuable lessons and will grow your patience.      Resources & People MentionedSend questions, comments, and podcast ideas to: Business@TradingStrategyGuides.comStart with Why:  How Great Leaders Inspire Everyone To Take Action by Simon SinekConnect 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 ItSupport the show
Matt is the CTO of Real Life Trading where he teaches classes, live webinars, group mentoring sessions, and offers personal coaching. His humble and authentic presence truly shines through when delivering in-person seminar presentations on mindset, parenting, entrepreneurship and trading. In this episode of How To Trade It, Matt shares the simplicity of his one-and-done strategy. You won’t want to miss!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in… [05:13] Focusing on the process[17:04] The Snapback Strategy[22:30] One and done tradingFocus on the Process, not the ProfitMatt is a tech/software guy, and therefore, rather practical.  When he first started trading, he began tracking or recording all of his trades.  It didn’t take long for him to discover that if he just followed the plan, he would be more profitable than if he kept trying to make corrections based on what the market was doing.  It doesn’t matter if he wins or loses, Matt finds success in knowing that he followed his plan. Matt encourages his students to focus on the process and forget about whether or not they are making money on the trade…the profits will come, if you stick to the plan.   The Snapback Strategy  The Snapback Strategy was originally known as the Tesla Snapback Strategy.  The name “Tesla” was removed because the strategy can be applied to any stock.  It’s kind of the opposite of an opening range breakout.  The idea behind this strategy is that in the first three minutes that the market is open, a high and a low is set.  Using that first candle as a guide, you place your order, and if it breaks above, you will move in the opposite direction by getting a short order ready; if it breaks below, you prepare a long order.  Resources & People MentionedThinkOrSwimTastyWorksMatt’s Snapback MasterclassTradingViewJerremy NewsomeConnect with Matt DeLongWebsite:    http://reallifetrading.comTwitter:     https://twitter.com/mattdelong90Facebook:  https://www.facebook.com/matt.delong.336   LinkedIn:      https://www.linkedin.com/in/matt-delong-86576639/  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. Support the show
Dan Sheridan is the founder and CEO of Sheridan Options Mentoring, a company geared towards producing independent traders. With over 30 years of experience trading options and educating traders worldwide, Dan’s one of the pioneers in his industry. In this episode of How To Trade It, Dan shares how he maximizes profits by minimizing risk. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[01:36] Learning how to make $3,000 per month on a $25K account[09:35] A solid risk management plan[12:54] Understanding Calendar Spreads[15:28] Unpacking Credit Spreads[18:25] Selling “Puts”[22:38] Utilizing Probabilities[29:01] Adjusting your risk[30:14] Discipline![34:54] The Complete Options PortfolioCalendar SpreadsSimply stated, a calendar spread is used to generate weekly or monthly income by buying a further out duration, and selling a closer one.  For example, you might buy a June expiration and sell a May expiration.  You make money on calendar spreads because the ones you are selling hit their expiration a lot sooner than the ones you are buying.  Basically, you are benefitting from the decay on the short option.  Credit SpreadsBuying actual stocks kills your purchasing power because, let’s face it, they are expensive. Dan sees buying puts as credit spreads as a poor man’s way of getting a cash-secure put because you then have a hedge of protection. This cuts down your capital requirements dramatically.  With credit spreads you can yield between 8 & 10% return each month.   ProbabilitiesMost former pit traders don’t even look at charts.  Instead, they rely on probabilities. It’s not because they believe charts are bad, it’s simply because they never needed them to do their work when they were on the trading floor. By looking at volatility, you can get standard deviation.  Dan also looks at average true range (ATR), and he has used indicators to stay out of trouble from the big moves and corrections in the markets.  Resources & People MentionedLearn Options Trading Basics from an Expert, Ep 5 - How To Trade It podcastMake $3K Monthly on $25KTDAmeritrade - ThinkOrSwim Connect with Dan Sheridan Website:       https://www.sheridanmentoring.com/   YouTube:      https://www.youtube.com/channel/UC9LbCrFQn4zezf9BX27837A Twitter:         https://twitter.com/sheridanoptionsFacebook:    https://www.facebook.com/Sheridan-Options-Mentoring-                         257875117725172/ Support the show (https://caseystubbs.com)
with Anthony Crudele, Ep # 109  In this episode of How To Trade It, Casey talks with Anthony about. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…Futures Trading.How to bounce back from a big loss.How to believe in yourself.Looking at the them of the market.Connect with Anthony CrudeleWebsite:  www.AnthonyCrudele.com  YouTube:https://youtube.com/anthonycrudeleTwitter:  https://twitter.com/AnthonyCrudeleFacebook:https://www.facebook.com/ACrudele/LinkedIn:https://www.linkedin.com/in/anthonycrudele/Instagram:https://www.instagram.com/anthonyccrudele/?hl=en        Connect With Casey StubbsWebsite:https://TradingStrategyGuides.comWebsite:      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 Support the show
Tracy-Lynn Ball is a profitable, full-time day and swing trader who has dedicated herself to being a life-long learner.  She has developed a love for trading and teaching others how to trade.  Tracy-Lynn uses her gift of effective communication to co-host two podcasts and has found success as a Master Mentor at Real Life Trading.  Recently, she was a guest speaker on a private island for millionaire traders!  In this episode of How To Trade It, Tracy-Lynn discusses the intentionality behind her back trading efforts.  You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[05:28] How to keep going when you want to quit[09:05] Appropriate expectations[11:56] Understanding the “R”[17:10] Back trading ins and outs[24:57] Price patterns[27:20] Identifying support and resistance levelsKeep going!When an unexpected medical issue imposed a forced sedentary lifestyle on Tracy-Lynn, she made the best of the situation by turning her efforts to trading.  When things were really difficult, it was the absence of something else to go to that kept her moving forward.   Her “this-must-work” attitude served her well and has allowed her great success now.    Understanding “R”  R stands for risk unit.  It is the difference between your entry and your stop.  Essentially, your “R” is the maximum amount that you are willing to risk on a trade or the amount you would lose if your stop gets triggered.  Tracy-Lynn typically has an R that is 0.5% of her account.  She encourages students to never risk more than 2% of their account.  Tracy-Lynn readjusts this number every three to six months, depending on performance, and she doubles it, every time she doubles her portfolio.Back trading recapThe whole purpose of back trading is to get numbers that will allow you to set your expectations correctly.  Tracy-Lynn believes that if she has an accurate picture of her average loss and average gain, she can realistically achieve her desired results. If you are looking to make $50K per month, but your strategy can only get you $10K per month, either your expectations or your strategy needs to be adjusted. Unfortunately, most traders don’t do this and then they get down on themselves or they stop following their plan altogether.  Price patterns and volumeAccording to Tracy-Lynn, there are two leading indicators in the market…volume and price.  She has focused her efforts on mastering those rather than the lagging indicators that other traders tend to follow.  The hammer pattern is her absolute favorite!  This pattern encompasses all of the reversal signals that you would need for a reversal to come into play. That includes the inverse hammer as well.  However, as in real estate, the important thing is location, location, location.  So, that is where the volume profile comes in.  Resources & People MentionedReal Life TradingThe RLT PIVOT podcastThe ELEVATED TRADER podcastConnect with Tracy-Lynn BallWebsite:     http://www.tracylynnball.comSupport the show (https://caseystubbs.com)
Rob Smith is a trading mentor and the Director of Research and Trading Operations for Smith’s In The Black LLC at www.SepiaGroup.com.  He’s been engaged in the markets since the young age of 15.  In this episode of How To Trade It, Casey talks candidly with Rob about the Broadening Formation and his famous creation, The Strat. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[01:10] Trading is a two-person job[05:50] Magnitude[12:50] Sideways 30 Pattern[16:52] The Strat!!![20:35] When to get in[25:54] The learning curve[31:23] How long to stay in a trade MagnitudeMagnitude is the idea of knowing how far an expected move will go and WHY.  Once you understand the concept that there are only three possible options, you will begin to maximize your success. At The Sepia Group we look at Time-Frame Continuity, instead of the usual Moving Averages because we believe that price doesn’t actually “move”, it aggregates.  So, for every buyer there must be a seller, and vice versa. Ultimately, understanding magnitude allows you to stay in trades a lot longer.   Sideways 30 PatternWhen Rob runs a scan, he wants to see how many things are taking out yesterday’s highs and yesterday’s lows.  He looks at weekly and monthly time frames, in addition to the typical daily time frames. All of his software updates at the top and bottom of the hour (every 30 minutes).  If you can learn to train your brain to see the same data at the :15 and :45 minute marks, you essentially double your signals.  This approach is identifying participants by both price and time.  The StratRob had been looking at charts for 20+ years and was trying to find a commonality to price action. On a discernibly good Fed news day back in 2009, he began to question why the markets responded the way that they did. If the news is good, the market should just explode, right?  Well, it did initially, then tanked before it shot straight up again.  And that’s when he discovered that the broadening formation isn’t nearly as rare as he had once thought.  Voila, the Strat was born! Resources & People MentionedTrendSpiderMerrill LynchBenzingaConnect with Rob SmithWebsite:     http://www.sepiagroup.comYouTube:    https://www.youtube.com/user/smithsintheblackLinkedIn:    https://www.linkedin.com/in/rob-smith-2884a515/Twitter:        https://twitter.com/RobInTheBlack Facebook:  https://www.facebook.com/groups/TheStrat  Support the show
Tony Pawlak’s story will either move you to tears or make you question your life’s purpose. He quit his job to trade full-time and failed miserably. I mean, he was losing money hand over fist, until the day he discovered a credit spread video by Real Life Trading. He now makes 8-10% on his entire account EVERY WEEK, by trading less than an hour a day!!! He typically day-trades options, specifically credit spreads with incredible protection techniques to minimize his losses. In this episode of How To Trade It, Casey talks with Tony about his 90% win rate…and that’s BEFORE hedging. You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[01:05] What drove Tony to Options trading[10:43] Digging out of a deep, deep hole[13:56] Viewing Trading as a skill[14:47] The Credit Spread Strategy[18:05] Learning how much time Tony spends trading [20:10] The goal of Credit Spreads[22:35] A drawback to trading Credit Spreads[24:06] Hedges of protection[25:15] Understanding the S-Curve[27:43] Timeline to masteryIn the beginningTony was basically tired of working 60-80 hours a week, so he quit his job and decided to trade full-time, with no plan B.  Unfortunately, he had a bit too much confidence in himself, his knowledge wasn’t up to par, his account size was too small, and he was just plain dumb when it came to the markets.  He was chasing the dream and made huge mistakes that cost him a ton of money.  He was losing it faster than he was making it.  He took out loan after loan.  He lost everything he had, then lost everything that he didn’t have too.  It was a complete nightmare from the beginning. But…HE NEVER QUIT.Trading is a SkillYou don’t have to be special; you don’t have to be a genius…you just have to learn the skill.  Tony had assumed that since he had been successful in his life outside of trading that it would just automatically carry over into his trading.  No so!  It wasn’t until he lost everything that he finally decided it was time to do something differently.  He stopped trading and devoted time, resources, and energy into studying and perfecting a solid trading strategy. And once he acquired the skill, absolutely everything in his life changed.  The problem with Credit SpreadsThe market is very fair.  If you are going to have great success, the risk will be high.  There is always a downside.  Unfortunately, if you take one loss, it erases quite a bit of your wins.  You will ultimately be risking more than you can ever even make.  That’s naturally how the markets work.  That’s the trade off of a 90% win rate. Thankfully, Tony is able to minimize his risk even further by hedging.    Resources & People MentionedJerremy NewsomeTony’s Credit Spreads Master ClassConnect with Tony PawlakWebsite:       Real Life TradingEmail:            Tony@RealLifeTrading.comTwitter:         https://twitter.com/reallifetrading  Facebook:   https://www.facebook.com/Tony-Pawlak-Trading-107619157638180/ Support the show
Anka Metcalfe is the Founder and CEO of TradeOutLoud.com, an international trading education and service company.  She is an expert day trader, swing trader, and active investor with a precise approach to daily income-style trading and wealth-generation trading, delivering results in any market environment.  In this episode of How To Trade It, Casey talks with Anka about the advantages of learning to trade the futures market.  You don’t want to miss it!Subscribe to How To Trade ItYou’ll want to hear this episode if you are interested in…[07:15]  Identifying the fundamentals [13:59]  Infobesity!!![21:02]  Why Futures?The Fundamentals of TradingAnka talks about the importance of understanding your trading platform, having a trading plan, managing risk, and never, ever chasing a trade.  As a new trader, it’s critical to have a thorough grasp on how to use your platform - ie) how to enter and exit a trade, add a stop or trailing stop, etc.  Having a trading plan, written out and well defined, is like your daily trading bible that you can reference again and again. Managing your risk is an important part of becoming a successful trader too. InfobesityThis is the concept of hopping from one webinar to another, in permanent-student status because you don’t want to take any accountability for yourself, and you don’t want to apply anything that you have learned. There are literally thousands of strategies available, so you can’t possibly use them all.  Anka says that it’s time to roll up your sleeves, seek a trustworthy educator that speaks to you, and resonates with your style, and then stick to that ONE strategy.  The Current State of the MarketsThere’s a big debate right now about the state of the markets.  Are they going up? Are they going down?  Well, according to Anka, it all depends on what time frame you are looking at.    Technically speaking, the market is in a difficult spot and will most likely continue to be choppy for the foreseeable future.   Resources & People Mentioned RealtickTD AmeritradeFREE eBook - The Power of Trading Futures Connect with Anka Metcalfe Website:    http://tradeoutloud.comYouTube:   https://www.youtube.com/user/TradeOutLoud   Twitter:      https://twitter.com/TradeOutLoud Facebook: https://www.facebook.com/TradeOutLoud         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. Support the show (https://caseystubbs.com)
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