Uncategorized Archives - SteadyTrade.com https://www.steadytrade.com/category/uncategorized/ Wed, 27 Nov 2024 14:53:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.6 https://www.steadytrade.com/wp-content/uploads/2017/08/cropped-steadytrade-icon-32x32.png Uncategorized Archives - SteadyTrade.com https://www.steadytrade.com/category/uncategorized/ 32 32 Opportunities We’re Grateful for Heading Into 2025 https://www.steadytrade.com/opportunities-were-grateful-for-heading-into-2025/ https://www.steadytrade.com/opportunities-were-grateful-for-heading-into-2025/#respond Wed, 27 Nov 2024 14:53:22 +0000 https://www.steadytrade.com/?p=3783 It’s the day before Thanksgiving – so we wanted to take some time to talk about the things we’re grateful for on this new episode of the SteadyTrade Podcast. Of course, we’re thankful for our health, happiness, and families. But we’re also thankful for what’s ahead – specifically the opportunities available to use as we […]

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It’s the day before Thanksgiving – so we wanted to take some time to talk about the things we’re grateful for on this new episode of the SteadyTrade Podcast.

Of course, we’re thankful for our health, happiness, and families. But we’re also thankful for what’s ahead – specifically the opportunities available to use as we head into 2025.

So in the spirit of Thanksgiving, we each made a list of four such opportunities. We didn’t share our lists with each other before the show. So you’ll see our genuine, live reactions to each other’s lists.

As it turns out, we had some overlapping ideas – one of which was quantum computing. This groundbreaking, early-stage innovation has the potential to become the next big artificial intelligence (AI) moment in the stock market.

Some of the other opportunities we discuss include DOGE (not the cryptocurrency), “anti-Trump” sectors, the continued AI rally, and the future of health care. You’ll have to tune in to find out whose lists those topics fell on, though.

These are some big topics you won’t want to miss.

Watch Here

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How the 22-Hour Trading Day Could Reshape Markets https://www.steadytrade.com/how-the-22-hour-trading-day-could-reshape-markets/ https://www.steadytrade.com/how-the-22-hour-trading-day-could-reshape-markets/#respond Wed, 30 Oct 2024 15:08:42 +0000 https://www.steadytrade.com/?p=3776 The New York Stock Exchange’s (NYSE) newly proposed hours. The exchange currently offers trading from 4 a.m. to 8 p.m. Eastern time from Monday through Friday. But the NYSE just proposed to extend trading hours from 1:30 a.m. to 11:30 p.m. Eastern time. That means the stock exchange would only be closed two hours per […]

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The New York Stock Exchange’s (NYSE) newly proposed hours. The exchange currently offers trading from 4 a.m. to 8 p.m. Eastern time from Monday through Friday. But the NYSE just proposed to extend trading hours from 1:30 a.m. to 11:30 p.m. Eastern time.

That means the stock exchange would only be closed two hours per weekday.

This could have major implications for traders. More trading hours in the day means there’s more time to enter and exit short-term trades. And you may be surprised to hear what this means for traders.

Meanwhile, five of the “Magnificent Seven” tech stocks are reporting earnings this week. Oil had its worst day in two years after various bomb strikes in the Middle East. And more companies are looking to expand stock trading to a 24hour day.

It’s a packed week with many important headlines on deck. So Tim Bohen and Matt McCall decided to focus a few minutes of today’s new episode of the SteadyTrade Podcast on these topics.

Watch Here

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What Investors Need to Know for the 2024 Election https://www.steadytrade.com/what-investors-need-to-know-for-the-2024-election/ https://www.steadytrade.com/what-investors-need-to-know-for-the-2024-election/#respond Wed, 24 Jul 2024 13:57:48 +0000 https://www.steadytrade.com/?p=3722   It has been a few days since President Joe Biden’s announcement that he’s dropping out of the 2024 presidential election rocked the world. That has given us some time to think about the implications for the election, the stock market, and the future of our country. On today’s new episode of the SteadyTrade Podcast, Tim Bohen […]

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It has been a few days since President Joe Biden’s announcement that he’s dropping out of the 2024 presidential election rocked the world. That has given us some time to think about the implications for the election, the stock market, and the future of our country.

On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall share their views of the historic decision. And more importantly, they discuss what it all means for your investments.

A new candidate will now face off against former President Donald Trump. That will have a major impact on both the outcome of the election and what the next four years and beyond will look like for Americans.As of today, it looks like it will be a showdown between Trump and Vice President Kamala Harris. But with the way things have gone so far, nothing is set in stone.

We should expect volatility in the stock market in the near term. But the big question is which sectors will benefit or be hurt by the candidates’ potential agendas. We’ve heard from Trump a lot over the last decade, and we’ve already experienced four years of him in D.C. That means we have a bit more certainty as to what he’ll do if he wins re-election.

We haven’t heard from Harris nearly as much. And she doesn’t have the track record for us to decipher what a potential victory would look like over the longer term.

So on the podcast, Matt and Tim focus on what a potential second Trump presidency would look like and what sectors would be affected. They discuss everything from the positives for fossil fuels, cryptos, manufacturing, and small caps to the negatives for renewable energy, electric vehicles, and China-based stocks.

Click here to watch the latest episode of the SteadyTrade Podcast now.

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TWIST Sweepstakes https://www.steadytrade.com/twist-sweepstakes/ Thu, 16 Jul 2020 18:56:11 +0000 https://www.steadytrade.com/?p=2898 Hey trader,  Thanks so much for being a dedicated listener to the SteadyTrade podcast! We hope you’re finding value in each episode. We’re beginning to branch out with new series, such as the TWIST show every Thursday.  TWIST episodes will now be considered its own series on iTunes, Spotify, and anywhere you listen to our […]

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Hey trader, 

Thanks so much for being a dedicated listener to the SteadyTrade podcast! We hope you’re finding value in each episode.

We’re beginning to branch out with new series, such as the TWIST show every Thursday. 

TWIST episodes will now be considered its own series on iTunes, Spotify, and anywhere you listen to our podcast. 

Would you mind leaving a quick review on iTunes for TWIST? If you’re a fan of the episodes let us know what you think! As a thank you, we’ll be selecting 5 people at random to receive one month of access to our StocksToTrade platform.

Instructions are simple: 

  1. Head over to TWIST on iTunes podcast here
  2. Click “Ratings and Review” 

3. Below, click the option “Write a Review” (you will need to login to your iTunes account at this point)

4. Leave an honest review, click submit, and you’re entered!

We’ll be selecting 5 reviewers at random to receive the StocksToTrade platform in two weeks (contest ends 8/23/20 for official rules visit:  URL). Winners chances depend on the total number of entries.

Thank you again for your support! We strive to make quality content to help traders grow and excel. 

NO PURCHASE NECESSARY.

A PURCHASE DOES NOT INCREASE YOUR CHANCES OF WINNING.

SteadyTrade Podcast

Contest sponsored by StocksToTrade.Com Inc.

*Prizes have no cash value. After 1 month of StocksToTrade data access, membership will be discontinued. You can resubscribe at then current available rates if you choose to retain service.

* Prizes will be awarded within two weeks of ‘contest’ end date and notified via email with instructions to claim prize.  Some information including name and billing information will be required in order to claim prize.

*In the case a winner is deemed ineligible, the sponsor has complete discretion in deciding how potential winner(s) will be contacted when an alternate potential winner(s) should be followed.

*Winners will be required to complete the following to collect the prize: publicity release, tax documentation, and/or liability release.  Failure to do so will render the potential winner ineligible.

* Must be 18 years of age or older to claim prize

* ‘One (1) free month of base data access does not include optional add-on services which may be added by subscriber at then standard rates.

*For official contest rules and contact information for anyone interested in receiving a list of winners, please visit: https://www.steadytrade.com/register-to-win/twist-sweepstakes/

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How to Profit From Outrage https://www.steadytrade.com/how-to-profit-from-outrage/ https://www.steadytrade.com/how-to-profit-from-outrage/#comments Tue, 17 Dec 2019 17:00:11 +0000 https://www.steadytrade.com/?p=2592 Is the call-out culture out of control? Call-out culture, also referred to as outrage culture, refers to a sort of public shaming. It’s where people put a spotlight on the offenses others commit.  You’ve probably noticed this phenomenon has been ramping up in recent years … But what you might not have noticed is that […]

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Is the call-out culture out of control?

Call-out culture, also referred to as outrage culture, refers to a sort of public shaming. It’s where people put a spotlight on the offenses others commit. 

You’ve probably noticed this phenomenon has been ramping up in recent years … But what you might not have noticed is that it affects not just society, but the stock market too. 

And as SteadyTrade co-host Tim Bohen shares, he’s taken advantage of several recent trading opportunities triggered by outrage culture.

Listen in to hear about these trades … and catch a fascinating conversation with co-host Kim Ann Curtin about the connections between cultural events and movements. And learn how those connections can create opportunities for traders.

A Trader’s Secret Weapon

The world of penny stocks is chock full of informational inefficiencies. This means that the easy entry into trades and constant access to information can create tons of volatility for low-priced stocks. 

In short: even the slightest whisper of news can create huge spikes in stock prices.

That’s part of what makes penny stocks kinda scary … But it’s also what gives traders the potential to profit big in trading. Unfortunately, it’s also part of why so many traders lose big.

So how can you use informational inefficiencies to your advantage? Learn to think for yourself. 

Don’t Be a Follower 

According to Tim, one of the first steps to taking advantage of these opportunities is to calm down and be curious.

Instead of getting involved in the next Twitter war, why not sit back and watch how it affects the market? This could clue you in on potential trades. 

Sometimes, the very news stories that create outrage can drive stock prices up or down. But that doesn’t necessarily mean you should follow the pack.

There’s more to it than that … smart traders always think a few steps ahead. 

News That Moves Stocks 

As Andy Warhol said, “Don’t pay any attention to what they write about you. Just measure it in inches.”

In other words, any publicity can be a good thing. Let’s look at a recent example. Home-fitness startup Peloton had a recent commercial controversy. (Haven’t heard about it? Read more here.)

The company’s recent ad caused a huge debate: is it offensive or not? That’s a pretty big can of worms … and Tim and Kim both have plenty to say! 

But regardless of your personal thoughts on the issue, one thing is beyond debate: the commercial acted as a huge, price-moving catalyst for Peloton stock. 

In this case, the fact that Peloton is in the media gives it a bigger audience. That alone is moving the stock without any real changes to the company’s business model or product.

So how can you as a trader take a longer view? How can you stand back from the crowd and make smart, thoughtful trading decisions based on catalysts like this?

The Need For Weed 

Tim and Kim also discuss another recent news debacle that had a huge effect on a stock’s price: when Elon Musk smoked pot on “The Joe Rogan Experience” podcast.

When they lit that joint, everyone exploded … and the Tesla stock took a huge nosedive. A lot of followers believed the stock was ruined and jumped ship.

But those who didn’t play into the mob mentality made out great. Not long after that, the stock recovered and reached all-time highs. 

Don’t miss the fascinating conversation about separating yourself from the mob…

… and how amazing things can happen for traders who learn to think for themselves. 

Some of the top traders in the world who were profiled in Kim’s book are independent thinkers. Learn how you can adopt some of their best practices and apply them to informational inefficiencies!  

[As an Amazon Associate, we earn from qualifying purchases.]

Hey … What Do You Think? 

Did you find this conversation thought-provoking? Do you think you can profit from an outrage? Leave us a comment and tell us what you think!

Remember: if you submit a question or comment and it’s chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Send questions via the SteadyTrade website, YouTube, or by email.

Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.

Love what we have to say? Leave us a review on iTunes

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Kim’s Pennystocking Journey Begins https://www.steadytrade.com/kims-pennystocking-journey-begins/ https://www.steadytrade.com/kims-pennystocking-journey-begins/#respond Tue, 26 Nov 2019 17:00:45 +0000 https://www.steadytrade.com/?p=2569   Big news! We’d like to officially announce … Kim Ann Curtin, aka The Wall Street Coach, is now OFFICIALLY a co-host of the SteadyTrade podcast. Get to know Kim better in this recent StocksToTrade post. Frequent listeners already know Kim pretty well … She’s been featured on numerous episodes and is always a crowd […]

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Big news! We’d like to officially announce … Kim Ann Curtin, aka The Wall Street Coach, is now OFFICIALLY a co-host of the SteadyTrade podcast. Get to know Kim better in this recent StocksToTrade post.

Frequent listeners already know Kim pretty well … She’s been featured on numerous episodes and is always a crowd favorite. But check this out: even though she’s trained plenty of traders, she doesn’t actually have much trading experience of her own.

Don’t hold it against her … she didn’t know what team Tom Brady played for until recently, either. That’s all about to change … well, the trading part at least. 

In today’s episode, co-host Tim Bohen introduces a game plan to make a pennystocker out of Kim. We’re gonna strap a helmet on her and send her into the game. Hopefully, she won’t come out with serious trauma… 

The Game Plan

Tim has some sage advice for Kim before she begins pennystocking, including… 

Get Inspired

Finding and maintaining inspiration is hugely important for traders. Tim and Kim discuss how they both admire Jim Rogers (who’s also been a guest on SteadyTrade –– check out that episode here). 

For Kim, Rogers’ book “Investment Biker” was a huge inspiration early on. Now, she’s really excited to come full circle and dive into trading in a new way. 

Be a Trend Seeker

The stock market is all about patterns. Are you savvy enough to notice them? 

Often, the things that are in the zeitgeist or public consciousness can also be the biggest runners in the stock market … Are you savvy enough to keep it simple and notice these things? 

When Bitcoin was big news, it trended in the stock market. Same with weed and CBD. What people are talking about tends to be where the money flows! 

Kim's Pennystocking Journey Begins

Recognize Traders’ Shortcomings

Too many people start trading because they think it’s a way to get rich quick. So if you can have realistic expectations and a relationship with the stock market, you’re already ahead of the game. 

If you can study and not get caught up in common traps that hold traders back, you’ll be at the top of the class and well-positioned for a healthy trading career. Common sense? Yeah. But as Kim puts it, “common sense is not that common!”

You Can’t Control the Market

Tim talks about how if you try to make the market bend to your will, you’ll likely be disappointed. If you push too hard or try to force things, you’ll fail. But if you take a slow, steady approach, you’re more likely to stick with trading for the long run. 

Paper Trade First 

Just because you can trade right away doesn’t mean you should. Tim begs you and Kim not to trade real money at first. Virtual trading, or paper trading, is a much smarter stepping stone. We always recommend studying before actually pennystocking. 

Kim’s Homework

Kim’s got some work to do! Are you a new trader too? Consider following these first steps alongside her… 

Start with Season One of SteadyTrade

This was the foundation season and it can bring you up to speed on a ton of trading basics. Find all the episodes here

Get Set up with StocksToTrade

Kim’s gonna get going with the STT software per Tim’s recommendations so that she can have her toolbox ready. Listeners? Go ahead and try it out with a 14-day trial for just $7! See for yourself the incredible scanning capabilities — and more — this platform has to offer. 

Work the SteadyTrade Book Club List

Kim’s already a member of the club. Are you? Follow the action on social media with #steadytradebooks and read along with the SteadyTrade team! You can find the full list of books here.

Check Out StocksToTrade Pro

Wanna fast-forward your trading? Check out StocksToTrade Pro, where you’ll get a ton of extra goodies and mentorship to boot.  

Coaching others is definitely different than coaching oneself … Stay tuned to see what Kim discovers as she dives into pennystocking!  

Got Something to Say?

Do you have a question or comment about pennystocking? Drop us a line!

Remember: If you submit a question or suggestion and it’s chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Send questions via the SteadyTrade website, YouTube, or by email.

Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.

Love the show? Please review us on iTunes!

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Trading with Sean Dekmar https://www.steadytrade.com/trading-with-sean-dekmar-2/ https://www.steadytrade.com/trading-with-sean-dekmar-2/#comments Mon, 10 Jun 2019 13:00:48 +0000 https://www.steadytrade.com/?p=2263 Today, host Tim Bohen interviews Sean Dekmar, a 25-year-old trader who began his career in college and never had to get a “real” job after he graduated — all due to his trading success. At the SteadyTrade Podcast, our goal is to inspire and inform aspiring traders. What better way to do that than by […]

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Today, host Tim Bohen interviews Sean Dekmar, a 25-year-old trader who began his career in college and never had to get a “real” job after he graduated — all due to his trading success.

At the SteadyTrade Podcast, our goal is to inspire and inform aspiring traders. What better way to do that than by offering insight into the minds of traders who are slaying in the markets?

Tune in to learn all about Sean’s ascent to trading in the green, including which setups work for him and what he wants new traders to know.

Sean’s Story

Still merely 25 years old, Sean began trading as a college sophomore at age 20. At the time, he was a typical college student … not inspired by much and not exactly sure what he wanted to do with his future.

Suffering from a little ennui, he realized that his college studies were basically prepping him to be, well, an average person. He felt bound for entry-level positions and wages, staggering student loans, and tons of debt.

Wise beyond his years, he realized before he was even of legal drinking age that he wanted something different. “So many people are scared to walk a different path,” he notes in the episode.

But not Sean. He wanted to be different. He wanted to be successful, and he wanted to hit his financial goals.

Getting Started as a Trader

So here’s how Sean got into trading: he googled “how to get rich.” Three things came up:

  • Real estate
  • Starting a business
  • The stock market

Because of his student status, real estate was a reach, as was starting a business. But the stock market actually seemed possible, and that’s the route he chose.

Sean was immediately attracted to the lifestyle, so he decided to devote himself wholly to his studies. Within 11 months, he reports that he was a profitable trader.

So what can you learn from him?

Start Slow

Sean knows it all too well: you want to have the success that other traders have. But seriously: you need to take it slow.

Just because you have $5K or $10K in the bank and a will to trade, that doesn’t mean you’re ready. You need to take certain steps and amass knowledge before you can even hope to be an effective trader.

In this episode, Sean explains why this wisdom isn’t mean to be a downer — it’s meant to save your account. He offers tips from his own past, including how he paper-traded for a full year to prepare himself for the real markets.

Be Ready to Work Hard

As Sean notes, only about 10–15% of traders will actually make money. Let’s frame this a little differently: This means that to succeed, you must outperform 85% of traders.

Are you willing to put in the work to be in that coveted top tier of traders? That’s the mindset required to be a successful trader.

Don’t Expect to Make a Fortune

Sean saved up, borrowed money from a friend, and started with about $2,500 in his trading account. He reports that he then grew this account from $2,500 into $18K in about a year. While that’s impressive, it’s far from millions!

Sure, there are crazy outliers who can turn such an account into a million dollars in short periods of time … but don’t expect to be one of them. Continually shooting out of your range can lead to devastating losses. Instead, focus on slow but steady growth because these are the wins that mount over time.

How Does Sean Trade?

Sean identifies as “a huge momentum trader.” And in the episode, he explains some of his favorite approaches, including:

  • Squeezing between indicators
  • Low float stocks with BIG news

He also explains his process, including how he’s up early every morning to catch the first wave of PR releases at 7 a.m., looking for any edge on the trading day. This also gives him time to study the news, check things out, and beat the mob (the majority of buyers). According to him, that’s vital for traders.

Curious About Something?

Got a question about Sean or trading in general?

Please ask! If we choose your question to address on air, you could win a SteadyTrade mystery gift box. Don’t be shy … we love to hear from our listeners. You can send questions via the SteadyTrade website, YouTube, or by email.

Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.

How much do you love this episode? Leave us an iTunes review!

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Myths of Day Trading https://www.steadytrade.com/myths-of-day-trading/ https://www.steadytrade.com/myths-of-day-trading/#comments Mon, 22 Jan 2018 14:00:07 +0000 http://www.steadytrade.com/?p=682 There are a lot of conflicting accounts out there about penny stock trading. Some say that you can become a millionaire in mere weeks; others say the entire enterprise is a scam. How is a new trader to separate what is fact and what is fiction? In Episode 23, hosts Tim Bohen and Stephen Johnson […]

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There are a lot of conflicting accounts out there about penny stock trading. Some say that you can become a millionaire in mere weeks; others say the entire enterprise is a scam. How is a new trader to separate what is fact and what is fiction?

In Episode 23, hosts Tim Bohen and Stephen Johnson are setting out to address and possibly debunk some of the common myths about day trading. Will they dispel the false rumors? Or will they reveal that what people are saying is actually true?

Why do day trading myths matter?

The point of the entire podcast is to present ways to approach trading from a slow but steady and sustainable way. They want traders to succeed and think it’s important to address common misconceptions so that people can push past the BS and find real success. Or as Stephen said, he wants to “put ‘em to rights”.

The biggest day trading myths

Let’s just get this out of the way: there is a realistic methodology to trading with consistent profits. However, most people have unrealistic expectations, which can lead to mistakes and ultimately, to failure. It’s this toxic cycle of new traders wanting too much too fast and then being disappointed that helps perpetuate day trading myths. To address the most common ones, Stephen scoured YouTube and found clips of traders who offer great examples of myths about penny stocks, and then he and Tim discuss how valid they are. You may be surprised by the results!

Myths of Day Trading 1: all penny stocks are scams. In the first video, an impassioned YouTuber bemoans penny stocks as total and absolute scams. He claims that the companies are shells, and it’s just a scheme wherein an investor will hype up a stock, suggesting that people jump on it, to drive up the cost, only to make a getaway with people’s money.  

Unfortunately, he’s oversimplified things a bit. The video does bring up a very real phenomenon: the pump and dump scheme. However, he’s speaking in absolutes; this does not apply to every single penny stock out there. Additionally, he fails to mention how even if a stock isn’t actually a great company, there are still opportunities to profit via short selling. So yes, while scams do exist, it’s a bit too broad to say that penny stocks at large are a scam.

True or false? Find out Tim and Stephen’s final verdict in the episode!

Myths of Day Trading 2: there’s no risk in penny stocks. In the second video, a trader with seemingly little experience has invested $10k that he just borrowed in penny stocks. He feels certain that he’ll make a killing; everything he’s read online has basically promised him as much. “I hope you’re ready to watch me get rich,” he says confidently. But then things quickly devolve and his trade goes sour: what this man thought was the golden ticket has rapidly depleted his funds. He literally seems confounded that he is losing money: this wasn’t supposed to be risky!

Sadly, this video illustrates an all-too-common phenomenon: a new trader is so convinced that he or she is going to make money that they jump in without learning the basics of trading or doing their own research.

True or false? Find out Tim and Stephen’s final verdict in the episode!

Myths of Day Trading 3: you can make thousands of dollars in minutes. In this video, a thinner, younger, more vibrant Stephen Johnson talks about how he’s pretty sure that he’s going to make thousands of dollars in minutes by trading penny stocks. After all, he saw a few of those Timothy Sykes videos; he’s pretty sure he’s going to be a thousandaire in the next half hour or so.

Of course, the Stephen of today is able to admit that perhaps his bravado was unfounded. After all, he hadn’t really taken the time to study, learn market mechanics, or had much practice trading penny stocks. But now, coming from a place of experience, he is able to explain how realistic his expectations actually were.

True or false? Find out Tim and Stephen’s final verdict in the episode! This response might surprise you!

Myths of Day Trading 4: You can learn to trade in a week! In this video clip, a confident fellow reveals that he downloaded a trading app a week ago, and now he’s an expert. And guess what? You can be too! As it turns out, everyone else is just trying to take your money with their “teachings” and tiresome “slow but steady” approach.

So, does mean that Tim and Stephen, who have been at it for way longer than a week, are hacks? Why didn’t they become pro traders in a week? This leads to much discussion on what it really takes to become a pro trader.

True or false? Find out Tim and Stephen’s final verdict in the episode!

Thanks for tuning in to the new, serial format for the Steady Trade Podcast! Stay tuned for weekly episodes covering every aspect of how to be a steady trader with long-term, reliable success!

Did you love this episode? Be sure to leave an iTunes review!

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