Build Confidence & Consistency in Trading with Diana Perkins & Forex Coach Andrew Mitchem



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#608: Build Confidence & Consistency in Trading with Diana Perkins & Forex Coach Andrew Mitchem

In this video:

00:31 – My trading chat with Diana Perkins.

00:56 – Andrew & Diana trade different markets but share a common philosophy.

04:15 – Risk management and psychology.

05:27 – Removing the hype around trading.

13:15 – Lot size, risk, demo and live trading.

19:14 – Technical trading and News Trading.

22:05 – Trading FX, Metals, Indices, Cryptos and Commodities.

25:15 – Using currency Strength and Weakness.

27:07 – Fitting trading around your lifestyle.

32:05 – Enjoy your trading.

38:20 – Trading via a Prop firm.

39:25 – Knowing that you have the knowledge to trade for yourself.

42:22 – Contact Diana

Andrew Mitchem

One of the best ways for you to learn how to trade properly is to listen to conversations between experienced traders. So today I’ve got something really special for you. Just yesterday I had a chat with Diana Perkins from Trading with Diana. We trade different markets, but we both share the same philosophy, and it’s going to help you massively.

Andrew Mitchem

Let’s get into that more right now.

My trading chat with Diana Perkins.

Andrew Mitchem

Hey traders, Andrew here at The Forex Trading Coach with video and podcast number 608. For 40 minutes you’re going to get absolute gold with my interview with Diana Perkins. Let’s start straight away. Everybody, it’s Andrew Mitchem here at The Forex Trading Coach. Absolutely thrilled today to be joined by Diana Perkins from Trading with Diana. Welcome along, Diana. Nice to see you so much.

Diana Perkins, CPA

And thank you for having me.

Andrew & Diana trade different markets but share a common philosophy.

Andrew Mitchem

Awesome. Well, look, we got put together because I think someone thought that we would have a great education and insight to help people, because although we do slightly different things, I think our philosophy of trading and helping people is something that will align really well for people watching and listening to this. So maybe first of all, Diana, if you could introduce yourself, who you are and what you do.

Diana Perkins, CPA

Absolutely, and I agree with the person who connected us. I’m really excited for this conversation. So, Diana Perkins, I’m the founder of Trading with Diana, which is an educational platform where I teach everyday people how to trade the market with confidence. I do this through workshops, personalized coaching, and newsletters, and it’s honestly the best part of my day.

I spent a good part of my career trading and mentoring and coaching others in the space, and recently launched my own business so I can do this full time.

Andrew Mitchem

Awesome, awesome. So, when you coach people, what kind of markets do you generally look at? What do you help them with?

Diana Perkins, CPA

Yeah, it’s typically the US equity market and we’re focused on stocks, ETFs, you know, some index funds and, for a small subset—although it’s growing—options trading, which I don’t normally market. But I did used to be a professional options trader. I love it. There’s so much that you can do with stock options. So focus in those areas.

But it’s really all market conditions, which brings up—I actually just spoke with a trader this morning about that—just looking almost, you know, the last nine months in review, but all different market conditions across all different sectors. It’s really a flexible approach. And you’ll hear me say that investing, it’s very individual.

Andrew Mitchem

You know, I was reading your background about how you started when you were young with charging—I think it was the interest—some borrowings and things like that, and it was like, that was really cool. I love that whole story. So I’m guessing you’ve been into, like, the financial industry or business for most of your life?

Diana Perkins, CPA

Yeah, absolutely. So as long as I can remember, I was a numbers girl. At eight years old, I learned what compound interest was, and when my family found out I had a little bit of, you know, petty cash, they started asking me for money. So I charged interest because that money could have been earning interest in the bank account.

So, yeah, from an early age, I always knew finance was my passion. Throughout my career, you’re right, I spent about 20 years in various roles in the finance industry. But it was really a class I took in college where we had a virtual stock exchange competition. I’m very competitive by nature, and I wanted to win in order to understand what moves the markets.

And so that’s how I learned. I knew this is what I wanted to do, but I wanted to do it on my own terms—if you want. But, so what I did is I got my finance and accounting degree, my CPA, did corporate job, and then ten years in, I went out on my own to learn how to trade stock options and never look back.

Risk management and psychology.

Andrew Mitchem

So that’s interesting because I’m guessing with that kind of background, you learned either the hard way or straight away about risk as well, because I find it interesting that, you know, we’re in—especially myself in the forex market predominantly—we’re in this industry where people think risk is like, you know, they have to risk everything, or “I don’t want to do it because it’s too risky.”

I’m guessing that we’re both completely the opposite, and we’re both very conservative and risk-averse in how we trade. And I’m guessing that with your business, it’s the same thing.

Diana Perkins, CPA

Yes. I would say that’s an area where we’re probably very similar—where it’s not—but risk management, that’s what keeps you in the market long term. Yeah. Really kind of the sexy side, I think, of trading, which is why I think a lot of trading education or, you know, just when I say that, I say it loosely—like YouTube videos and things that, you know, the masses are look