SteadyTrade.com https://www.steadytrade.com/ Wed, 11 Dec 2024 18:00:45 +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 SteadyTrade.com https://www.steadytrade.com/ 32 32 Our 2025 Investment Outlook: Part 1 https://www.steadytrade.com/our-2025-investment-outlook-part-1/ https://www.steadytrade.com/our-2025-investment-outlook-part-1/#respond Wed, 11 Dec 2024 18:00:45 +0000 https://www.steadytrade.com/?p=3791 We only have a few weeks left in 2024. And man, it has been a banner year for the U.S. stock market. The S&P 500 is on track to log one of its best years in the last couple decades. So now the big question is, what’s next? Well, there’s always a bull market out […]

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We only have a few weeks left in 2024. And man, it has been a banner year
for the U.S. stock market. The S&P 500 is on track to log one of its best
years in the last couple decades.

So now the big question is, what’s next?

Well, there’s always a bull market out there somewhere.

On today’s new SteadyTrade Podcast, we’re looking ahead to find that bull
market. And we’re unveiling our favorite investment themes for 2025.

The overall market remains in a strong bullish uptrend. But that doesn’t
mean every sector is primed to outperform next year.

That’s why it’s so important to position your portfolio now to get exposure
to the strongest trends.

We discuss everything you need to pay attention to from the “electrification of everything” trend to quantum computing.

Watch Here

Don’t miss part 2 coming next week!

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What’s Shaping the Market? 5 Topics You Can’t Ignore https://www.steadytrade.com/whats-shaping-the-market-5-topics-you-cant-ignore/ https://www.steadytrade.com/whats-shaping-the-market-5-topics-you-cant-ignore/#respond Wed, 04 Dec 2024 15:54:35 +0000 https://www.steadytrade.com/?p=3787 We heard you… We received some positive feedback from you, our listeners. So we’ve decided to do another “five-on-five” podcast as requested. You know the drill. On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall discuss five hot topics for five minutes each. The last month of the year is typically […]

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We heard you…

We received some positive feedback from you, our listeners. So we’ve decided to do another “five-on-five” podcast as requested.

You know the drill. On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall discuss five hot topics for five minutes each.

The last month of the year is typically strong for stocks – especially so during an election year and one in which stocks are already up big heading into December.

So what should you be paying attention to right now?

One sector that might be worth watching is the financials. It’s currently trading at one of the biggest discounts to the overall market in two decades. In fact, the financials space is actually cheaper than it was during the great financial crisis.

Meanwhile, electric vehicle giant Tesla (TSLA) is getting closer to rolling out its next full self-driving (FSD) technology. According to CEO Elon Musk, we could see FSD by mid-2025.

But that’s not the only reason why Tesla could be a five-bagger in the next decade… 

You’ll want to tune in to find out why.

We suspect many of you participated in some holiday shopping over the weekend. The figures have been tallied, so we break down the numbers of one of the biggest shopping days of the year.

Finally, can you guess the six countries that are expected to be the most populous in 2075? I bet you can’t…

We talk about all that and more on this week’s podcast. Click here to get the details.

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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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5 Key Market Trends That Will Shape 2025 https://www.steadytrade.com/5-key-market-trends-that-will-shape-2025/ https://www.steadytrade.com/5-key-market-trends-that-will-shape-2025/#respond Wed, 20 Nov 2024 16:53:52 +0000 https://www.steadytrade.com/?p=3780 It has been a wild couple weeks for investors and the market alike. Because of that, sometimes it’s a smart idea to just take a step back… reflect on what has happened… and then plan for the future. So on this week’s SteadyTrade Podcast, Tim Bohen and Matt McCall do just that. They dive into […]

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It has been a wild couple weeks for investors and the market alike.
Because of that, sometimes it’s a smart idea to just take a step back… reflect on what has happened… and then plan for the future.

So on this week’s SteadyTrade Podcast, Tim Bohen and Matt McCall do just that. They dive into five important topics that we believe could shape the market well into 2025.

They’ll tackle a topic that’s at the forefront of most investors’ minds lately… Is the post-election stock market rally over? Tim and Matt first break down where the markets are today. Then, they discuss why president-elect Trump’s plan should lead to higher prices in the coming years.

Meanwhile, bitcoin (BTC-USD) is holding above $91,000 and could be on the verge of hitting six-figures for the first time ever. No surprise there… The two have been calling for bitcoin hitting $100k for a long time. And we could finally see it happen before the end of this year.

Tim and Matt also discuss why small-cap stocks look like they may outperform in 2025. And talk about why they need to keep an eye on the bond market next year.
Finally, they take a look at five technology stocks that one big firm believes will be the big winners in 2025.

It’s a five-for-five podcast, folks… We’ll cover five topics for five minutes each.

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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Bitcoin Could Reach $100K Sooner Than Expected https://www.steadytrade.com/bitcoin-could-reach-100k-sooner-than-expected/ https://www.steadytrade.com/bitcoin-could-reach-100k-sooner-than-expected/#respond Wed, 23 Oct 2024 15:01:42 +0000 https://www.steadytrade.com/?p=3772 Recent action in the world’s largest cryptocurrency – bitcoin (BTC-USD) – has captured the attention of both big institutions and the average investor. Through the six days ending October 18, a total of $2.4 billion in net inflows came into the bitcoin exchange-traded funds (ETFs). This has increased the total assets under management for spot-bitcoin […]

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Recent action in the world’s largest cryptocurrency – bitcoin (BTC-USD) – has captured the attention of both big institutions and the average investor.

Through the six days ending October 18, a total of $2.4 billion in net inflows came into the bitcoin exchange-traded funds (ETFs). This has increased the total assets under management for spot-bitcoin ETFs to more than $80 billion.

On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall discuss the latest bitcoin action and what it means for the entire crypto market heading into both the election and 2025.

We’re now less than two weeks from Election Day. Many folks in the financial world view bitcoin as a proxy for former President Donald Trump.  If that’s true, it’s more positive news for Trump’s campaign.

But bitcoin isn’t the only crypto worth watching heading into the election. Tim and Matt share the names of two smaller “altcoins”that you may want to keep an eye on if the broad market breaks out in the coming months.

One is a direct competitor to Ethereum (ETH-USD), and it has broken out in the last few days. The second is an interesting way to play the crypto market while also generating income.

Finally, they reveal when they believe bitcoin will reach the $100,000 milestone, and it may be sooner than you think.

Click here to tune in now.

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Start Preparing Your Portfolio for the Election https://www.steadytrade.com/start-preparing-your-portfolio-for-the-election/ https://www.steadytrade.com/start-preparing-your-portfolio-for-the-election/#respond Wed, 16 Oct 2024 14:58:46 +0000 https://www.steadytrade.com/?p=3769 We’re less than three weeks away from finding out who will become the next president of the United States in one of the tightest races in history. That fact that we don’t have a good sense of who will win just 20 days out from Election Day should have investors on edge. But considering the […]

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We’re less than three weeks away from finding out who will become the next president of the United States in one of the tightest races in history.

That fact that we don’t have a good sense of who will win just 20 days out from Election Day should have investors on edge. But considering the S&P 500 is trading near all-time highs, that doesn’t appear to be the case.

We hope you’re still preparing your portfolio for either a Trump or Harris victory, though…

On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall share their opinions on the potential outcome and discuss the sectors and stocks you should be considering before the results are announced.

They also highlight a stock that may be a proxy of who is about to become the next president. It has been flashing good news for one candidate in particular over the last two weeks.

Watch Here

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10-Bagger’ Investments Aren’t Impossible https://www.steadytrade.com/10-bagger-investments-arent-impossible/ https://www.steadytrade.com/10-bagger-investments-arent-impossible/#respond Wed, 09 Oct 2024 15:54:14 +0000 https://www.steadytrade.com/?p=3765 The term “10-baggers” is thrown around often in the financial industry.  It’s not commonplace to be able to identify a stock that will eventually go up 10X in value. But it is achievable.  In the investment world, snagging a 10-bagger is equivalent to receiving a massive trophy you can put on your mantel.  One of […]

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The term “10-baggers” is thrown around often in the financial industry. 

It’s not commonplace to be able to identify a stock that will eventually go up 10X in value. But it is achievable. 

In the investment world, snagging a 10-bagger is equivalent to receiving a massive trophy you can put on your mantel. 

One of the most recent and notable 10-baggers in the market is chipmaker Nvidia (NVDA). The face of the artificial intelligence (AI) bull market has rocketed higher over the past two years. 

Nvidia’s stock hit a low of $10.81 in October 2022. Now, it’s trading around $133per share after hitting a high of $140 in June. 

But Nvidia is far from alone. Plenty of under-the-radar stocks have reached similarly high levels in the market.

Matt is flying solo on today’s new episode of the SteadyTrade Podcast, and he’s diving into the world 10-baggers. Matt shares what to look for to find the next 10X winner – including various qualities of prior big winners from his resume, how a 10-bagger can change your investment life, and what kinds of stocks have the potential to grow that large.

Click here to watch the latest episode now.

Here’s to the future,

Tim Bohen
Lead Trainer, StockToTrade

Matt McCall
Editor, Market Insights

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These Aren’t Your Parents’ Utilities… https://www.steadytrade.com/these-arent-your-parents-utilities/ https://www.steadytrade.com/these-arent-your-parents-utilities/#respond Wed, 02 Oct 2024 15:29:22 +0000 https://www.steadytrade.com/?p=3761 The third quarter is officially in the books, and the best-performing sector of the year so far has been utility stocks.  This often considered “boring” sector is up 30% year to date and trading near all-time highs. It just logged its best quarter since 2003. And it’s currently on pace to have its best year […]

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The third quarter is officially in the books, and the best-performing sector of the year so far has been utility stocks. 

This often considered “boring” sector is up 30% year to date and trading near all-time highs. It just logged its best quarter since 2003. And it’s currently on pace to have its best year since 2000. 

So on today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall dive into what’s driving these stocks to new highs. They also explain why utilities are a great way to gain exposure to some of the biggest trends in the market today – like artificial intelligence (AI) and nuclear energy.

Matt reveals some of his favorite names in the utility sector – including the largest provider of nuclear energy and a major water utility company. He also shares a way to profit as more utility poles pop up across North America.

Then, they tackle another big story this week… 

–Chinese stocks have been on fire recently thanks to the government’s recent stimulus package. Tim examines the microcap stocks that are moving as a result and shares how he has been day trading the rally.

Click here to watch the latest episode now.

Here’s to the future,

Tim Bohen
Lead Trainer, StockToTrade

Matt McCall
Editor, Market Insights

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Finding Our Next Big Winners in This Under-the-Radar Sector https://www.steadytrade.com/finding-our-next-big-winners-in-this-under-the-radar-sector/ https://www.steadytrade.com/finding-our-next-big-winners-in-this-under-the-radar-sector/#respond Wed, 18 Sep 2024 14:54:08 +0000 https://www.steadytrade.com/?p=3757 We’re willing to bet most folks don’t think too much about energy drinks as an investment idea. But what if we told you one energy-drink maker was one of the best-performing stocks over the last 30 years? Monster Beverage (MNST) makes the sugary-caffeinated drinks that many people have come to love. It went public in […]

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We’re willing to bet most folks don’t think too much about energy drinks as an investment idea.

But what if we told you one energy-drink maker was one of the best-performing stocks over the last 30 years?

Monster Beverage (MNST) makes the sugary-caffeinated drinks that many people have come to love. It went public in August 1995, and since then has been the third-best performer in the S&P 500. The only two stocks with better returns are Nvidia (NVDA) and Amazon (AMZN).

A $10,000 investment in Monster’s stock in 1995 would be worth nearly $20 million today.

But it’s not the only consumer-staple stock that has been flying under the radar recently. The sector has been leading the way this year, and Tim Bohen and Matt McCall have all the details on today’s new episode of the SteadyTrade Podcast.

Nvidia and artificial intelligence (AI) stocks may have captured the market’s attention, but as you can see below, the consumer staples industry has more than doubled the return of the tech sector here in 2024.

They’re performing well as a whole. But on the podcast, Tim and Matt take a closer look at two niche areas within the broader sector that could be the next big winners…

Did you know that the hydration-drink market is set to nearly double over the next decade? I share some of the stocks you need to watch in this booming industry.

Plus, more young people are choosing to drink less alcohol and focus more on their health. That makes the healthy-eating trend another niche area that folks should pay attention to – and we give you the names of a few small caps that may be worth adding to your watch list today.

Click here to learn all the details.

Here’s to the future,

Tim Bohen
Lead Trainer, StockToTrade

Matt McCall
Editor, Market Insights

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How Do You Play a Market Pullback? https://www.steadytrade.com/how-do-you-play-a-market-pullback/ https://www.steadytrade.com/how-do-you-play-a-market-pullback/#respond Wed, 11 Sep 2024 13:40:37 +0000 https://www.steadytrade.com/?p=3754 Many investors would argue that we’re in the midst of a sizable market pullback. In reality, the S&P 500 is trading just 3% below its all-time high. Clearly, it’s not as bad as most folks think. On today’s episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall discuss what’s going on in the market […]

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Many investors would argue that we’re in the midst of a sizable market pullback.

In reality, the S&P 500 is trading just 3% below its all-time high.
Clearly, it’s not as bad as most folks think.

On today’s episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall discuss what’s going on in the market and detail how to take advantage of it from both a long-term perspective as well as a day-trading perspective.

Is the pullback in large tech stocks a great buying opportunity?

And should investors consider diversifying out of well-known tech stocks and into other sectors of the market –even small-cap stocks?

Click here to watch and hear our strategy for tackling the rest of this month.

Remember to send your questions to info@steadytrade.com!

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We’re Answering Your Most Pressing Questions https://www.steadytrade.com/were-answering-your-most-pressing-questions/ https://www.steadytrade.com/were-answering-your-most-pressing-questions/#respond Wed, 04 Sep 2024 13:39:10 +0000 https://www.steadytrade.com/?p=3748 Today, we’re doing something new and exciting… On this episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall are taking your questions live on air.  They have both been in this game a long time. They’re passionate about what they do and want to share our knowledge with the universe. But they didn’t put […]

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Today, we’re doing something new and exciting…

On this episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall are taking your questions live on air. 

They have both been in this game a long time. They’re passionate about what they do and want to share our knowledge with the universe. But they didn’t put this show together just for each other. It’s for you – our loyal subscribers. 

They cover a lot on today’s show… 

Matt and Tim talk about what type of trading (if any) an investor with a full-time job should consider. As you know, Tim is a day trader while Matt has a longer-term focus and a background in swing trading. So they both share their unique perspective on how to become successful in the world of trading.

Then, they discuss a fun topic (that may have gotten a little political) that has to do with the increase in the minimum wage. This is a subject both are passionate about. But I’m sure there will be plenty of people nodding their heads in agreement and a few that think I’m terribly wrong.

At the end of the show, they each answer the “island question”… 

What’s one investment you’d be comfortable buying today and not touching for 10 years?

Matt used to ask this question of every guest that came on his previous podcast, and we always loved hearing their answers. Today, Tim and Matt are in the hot seat. Matt cheated a bit and gave two stocks. And Tim shares a pick that could be on many people’s watchlist.

Tune in to this exciting show – and to find out our three island stock picks.

Here’s to the future,

Tim Bohen
Lead Trainer, StockToTrade

Matt McCall
Editor, Market Insights

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This Commodity Could Spark the Next World War https://www.steadytrade.com/this-commodity-could-spark-the-next-world-war/ https://www.steadytrade.com/this-commodity-could-spark-the-next-world-war/#respond Wed, 28 Aug 2024 14:04:35 +0000 https://www.steadytrade.com/?p=3743 Water is a difficult topic to get investors excited about because it’s all around us and part of our daily life. I understand that there’s hesitancy in believing that water is an investable commodity. But I guarantee that this new episode of the SteadyTrade Podcast will have you viewing water investments in a whole new light.

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Water – or “blue gold,” as it’s often called – is a difficult topic to get investors excited about because it’s all around us and part of our daily life. But even though water covers 71% of the Earth’s surface, only about 0.5% of it is available fresh water.

We understand that there’s hesitancy in believing that water is an investable commodity – especially when you pay $7 per bottle at airports and sporting events. But we guarantee that today’s new episode of the SteadyTrade Podcast will have you viewing water investments in a whole new light.

Demand for water is increasing – with some of the biggest drivers being manufacturing and artificial intelligence (AI). Data centers require a lot of water to keep their servers and facilities at an appropriate temperature.

Did you know that it takes nearly 13,000 liters of water to produce a single smartphone? And you need double that to make a pair of leather boots.

Tim Bohen and Matt McCall dive into the investment opportunities in the world of water in today’s podcast and discuss how it could actually become a catalyst for a future world war. Plus, they share a few water-related names that may be worth adding to your watch list.

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

Here’s to the future,

Tim Bohen
Lead Trainer, StockToTrade

Matt McCall
Editor, Market Insights

 

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Will the Stock Market Volatility Continue? https://www.steadytrade.com/will-the-stock-market-volatility-continue/ https://www.steadytrade.com/will-the-stock-market-volatility-continue/#respond Wed, 21 Aug 2024 12:38:15 +0000 https://www.steadytrade.com/?p=3739 Whether you’re bullish or bearish on the stock market today is a topic we can always debate. What’s not worth debating is that broad volatility has been increasing over the past couple months… The S&P 500 fell 2.3% on July 24. That marked the first time the index fell 2% in a single day since […]

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Whether you’re bullish or bearish on the stock market today is a topic we can always debate. What’s not worth debating is that broad volatility has been increasing over the past couple months…

The S&P 500 fell 2.3% on July 24. That marked the first time the index fell 2% in a single day since February 2023 – its longest such streak since 2007. The S&P 500 then came within 0.3% of correction territory on August 5. And today, it’s back within striking distance of all-time highs.

Tim and Matt remain bullish on stocks over the long term. But that doesn’t mean they’re ignoring the fact that several known catalysts could continue to increase volatility in the months ahead. That’s our focus on today’s new episode of the SteadyTrade Podcast.

First up is the Federal Reserve meeting on September 18. While the odds of what exactly the central bank will do have shifted a bit recently, it’s a near certainty that it’ll begin a new cycle of cutting interest rates. The presidential election takes place in early November. And then there’s the fact that September is historically one of the worst months of the year.

Those are the things we know for sure.

Meanwhile, Tim Bohen talks about a day trader’s view of the volatility. What does it all mean for traders? Plus, he lays out how to spot potential moves in stocks tied to the catalysts mentioned above.

This is an episode anyone invested in the market – whether you’re a trader or long-term investor – should tune in to.

Watch Here

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Quelling Your Biggest Stock Market Concerns https://www.steadytrade.com/quelling-your-biggest-stock-market-concerns/ https://www.steadytrade.com/quelling-your-biggest-stock-market-concerns/#respond Wed, 14 Aug 2024 14:26:58 +0000 https://www.steadytrade.com/?p=3735 The world is a wild place these days… That has led to volatility in the markets and big movements in individual stocks. And naturally, it has created many questions for investors and traders alike. So on today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall are reviewing some of the biggest topics that […]

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The world is a wild place these days…

That has led to volatility in the markets and big movements in individual stocks. And naturally, it has created many questions for investors and traders alike.

So on today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall are reviewing some of the biggest topics that we have been getting asked us about.

Monday’s potential escalation in the Middle East conflict saw the market sell-off on news that the U.S. would be sending more military to the area. How will this impact the market? And what stocks are the best to hedge this unfortunate situation? We share some names on the podcast.

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Breaking Down a Wild Week on Wall Street https://www.steadytrade.com/breaking-down-a-wild-week-on-wall-street/ https://www.steadytrade.com/breaking-down-a-wild-week-on-wall-street/#respond Wed, 07 Aug 2024 14:38:56 +0000 https://www.steadytrade.com/?p=3731   The last week has been a rollercoaster of sorts – for everything from stocks and bond to cryptos and even the global geopolitical environment. All are likely impacting your investments, so today we’re breaking down exactly how the headlines are moving the markets. On the newest episode of the SteadyTrade Podcast, Tim Bohen and […]

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The last week has been a rollercoaster of sorts – for everything from stocks and bond to cryptos and even the global geopolitical environment. All are likely impacting your investments, so today we’re breaking down exactly how the headlines are moving the markets.

On the newest episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall analyze one of the wildest days in recent stock market history. Then, they circle back to a discussion they began last week… They shar the top stocks on their watch lists.

Get the names of all stocks that may be worth adding to your personal watch list here:
https://university.stockstotrade.com/wp-content/uploads/2024/07/Future-500-Stock-Report.pdf

Watch Here

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A Peek at Our Watch List: Our Favorite Small-Cap Stocks https://www.steadytrade.com/a-peek-at-our-watch-list-our-favorite-small-cap-stocks/ https://www.steadytrade.com/a-peek-at-our-watch-list-our-favorite-small-cap-stocks/#respond Wed, 31 Jul 2024 16:04:40 +0000 https://www.steadytrade.com/?p=3727 The summer months typically lack big headlines in the stock market. But that hasn’t been the case this year…  On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall dissect some of the hottest stories of the last week and what they mean for your portfolio.  They have talked a lot about […]

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The summer months typically lack big headlines in the stock market. But that hasn’t been the case this year… 

On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall dissect some of the hottest stories of the last week and what they mean for your portfolio. 

They have talked a lot about Bitcoin (BTC-USD) lately, and Tim and Matt continue that conversation from last weekend’s Bitcoin 2024 conference in Nashville, and share more insight into what former President Donald Trump’s participation means for cryptos. Plus, how it will all affect the election.

Elsewhere in the market, we’re in the midst of second-quarter earnings season. Contrary to what you may be hearing and reading, the numbers have been solid. 

Blended earnings growth for the year-over-year period is 9.8%, and the full-year figure is expected to come in at 11%. They dive into the numbers on the podcast and discuss how stocks are reacting. What we’re seeing could be a good sign for the long-term health of the market.

Then, have you experienced the “Zyn Craze” that has been taking place – especially within the younger generations? Tim and Matt aren’t young, per say, but they use the nicotine pouches regularly. So today, they discuss the stock that has been the biggest winner as this trend has boomed.

Finally, they begin sharing the names of six stocks at the top of their watch lists. All are small caps that will benefit from our thesis that smaller stocks will outperform their larger counterparts in the coming months…

It’s an action-packed episode you don’t want to miss. Click here to watch the latest episode of the SteadyTrade Podcast now.

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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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How AI Will Change the $8 Trillion Healthcare Industry https://www.steadytrade.com/how-ai-will-change-the-8-trillion-healthcare-industry/ https://www.steadytrade.com/how-ai-will-change-the-8-trillion-healthcare-industry/#respond Wed, 17 Jul 2024 13:52:55 +0000 https://www.steadytrade.com/?p=3714 The healthcare industry as we know it today will be unrecognizable a decade from now… Several technological breakthroughs are coming together to upend one of the largest industries in the world. And one of the biggest culprits is artificial intelligence (AI). On today’s episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall dive into […]

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The healthcare industry as we know it today will be unrecognizable a decade from now…

Several technological breakthroughs are coming together to upend one of the largest industries in the world. And one of the biggest culprits is artificial intelligence (AI).

On today’s episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall dive into some of the biggest implications that AI will have on the future of the healthcare industry.

It currently takes about 10 years and more than $1 billion to take a drug from the discovery phase to full FDA approval. That is incredibly costly and timely. But what makes the process even worse is that only about one in 10 potential drugs make it all the way through that cycle.

Think about all the data that’s created throughout the drug discovery process…

That makes it the perfect niche sector to be disrupted by the power of AI.

On the podcast, Tim and Matt share their big-picture thoughts regarding where we are in the AI-drug discovery stocks cycle and where the opportunities lie today. Several small companies are working to meld AI with the current drug-discovery process, and you can be sure they give you a few names to add to your watch list.

Watch Here!

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Bitcoin’s Pullback Should be Short-Lived https://www.steadytrade.com/bitcoins-pullback-should-be-short-lived/ https://www.steadytrade.com/bitcoins-pullback-should-be-short-lived/#respond Wed, 10 Jul 2024 15:56:31 +0000 https://www.steadytrade.com/?p=3708 There are several old adages on Wall Street that teach buying when the masses are panicking. Investors should be taking their advice today… Bitcoin (BTC-USD) rallied to all-time highs above $73,000 in March – pushing the Crypto Fear & Greed Index to a “severe greed” reading at 90. Today, the coin is trading at $57,000 […]

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There are several old adages on Wall Street that teach buying when the masses are panicking. Investors should be taking their advice today… Bitcoin (BTC-USD) rallied to all-time highs above $73,000 in March – pushing the Crypto Fear & Greed Index to a “severe greed” reading at 90. Today, the coin is trading at $57,000 and the index is down to a “severe fear” reading of 26. That’s a level it hasn’t seen since 2023 when Bitcoin was worth just $17,000.

On today’s new episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall discuss in detail why Bitcoin has fallen from all-time highs into a bear market.

The good news is that they expect it may be short-lived…

Several potential catalysts on the horizon could send Bitcoin and the broad crypto market higher – including interest rate cuts at the September Federal Reserve meeting, a Trump win in the presidential election, and an SEC approval of an Ethereum (ETH-USD) spot exchange-traded fund (ETF). These catalysts combined with extreme fear levels indicate that now could be the right time to start adding exposure to this asset class.

So what’s our plan?

Click here to watch the latest episode of the SteadyTrade Podcast and find out.

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The Biggest Winners of 2024 So Far https://www.steadytrade.com/the-biggest-winners-of-2024-so-far/ https://www.steadytrade.com/the-biggest-winners-of-2024-so-far/#respond Wed, 03 Jul 2024 14:20:07 +0000 https://www.steadytrade.com/?p=3705 On today’s episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall dive into the first half of 2024 and discuss how things played out compared to forecasts. They provide expectations for the economy, the presidential election, and the stock market through the remainder of the year.

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At the start of every year, analysts and talking heads put out their predictions for the year ahead.

But over the years, most prognosticators are pretty bad at predicting what things will look like just 12 months in the future.

For example, six months ago nearly everyone was calling for several interest rate cuts by the Federal Reserve. Yet here we are in July and the central bank has yet to begin its easing cycle. In fact, odds are that we’ll only see one interest rate cut before the end of the year.

On today’s episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall dive into the first half of 2024 and discuss how things played out compared to forecasts. They provide expectations for the economy, the presidential election, and the stock market through the remainder of the year.

And of course, mention a few stocks worth adding to your watch list.

Watch Here

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How Interest Rates and CPI Affect Car Buyers in 2024 https://www.steadytrade.com/how-interest-rates-and-cpi-affect-car-buyers-in-2024/ https://www.steadytrade.com/how-interest-rates-and-cpi-affect-car-buyers-in-2024/#respond Wed, 19 Jun 2024 14:23:58 +0000 https://www.steadytrade.com/?p=3700 Last week something happened that has only occurred 13 times in the past 20 years. And the results were in-line with what history told us was going to happen. On June 12, the Federal Reserve held a meeting and made an announcement on interest rates on the same day that the Consumer Price Index (CPI) […]

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Last week something happened that has only occurred 13 times in the past 20 years. And the results were in-line with what history told us was going to happen.

On June 12, the Federal Reserve held a meeting and made an announcement on interest rates on the same day that the Consumer Price Index (CPI) – inflation reading – was released.

Considering the CPI is arguably the most important number in regard to the Fed’s decision on interest rates, it was a wild day. Stocks closed up big even though there was a late-day pullback. The rally was fueled by a lower-than-expected inflation reading.

On today’s Steady Trade podcast, Tim Bohen and Matt McCall discuss the inflation number and what to expect from the Fed in the future. More specifically we will delve into the industry of new and used vehicles. I know that may sound like an odd topic, but after a pandemic-surge in car prices, the last few quarters have seen used car prices in particular plummet.

Make sure you tune in to hear about a stock that is up 30X in less than two years and could still be a buying opportunity!

Watch the latest episode here.

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Unlocking $28 Trillion: The Future of Self-Driving Cars and Robotaxis https://www.steadytrade.com/unlocking-28-trillion-the-future-of-self-driving-cars-and-robotaxis/ https://www.steadytrade.com/unlocking-28-trillion-the-future-of-self-driving-cars-and-robotaxis/#respond Fri, 14 Jun 2024 15:32:46 +0000 https://www.steadytrade.com/?p=3697 Dear reader, The average U.S. consumer spends 216 hours per year in a vehicle traveling to and from work. That’s the equivalent of 27 additional eight-hour workdays on top of a person’s already busy schedule. Imagine what someone could do with all that extra time. We may soon be able to find out… Because it’s […]

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Dear reader,

The average U.S. consumer spends 216 hours per year in a vehicle traveling to and from work. That’s the equivalent of 27 additional eight-hour workdays on top of a person’s already busy schedule.

Imagine what someone could do with all that extra time.

We may soon be able to find out… Because it’s only a matter of time before cars are able to drive themselves.

Car manufacturers – specifically Tesla’s (TSLA) Elon Musk – have had grandiose ideas about the future of autonomous vehicles (AVs) for several years. But reality is finally here, and it can wholly be attributed to artificial intelligence (AI).

This convergence of technologies is the focus of today’s new episode of SteadyTrade Podcast.

According to a 2022 Pew Research Center survey, only 37% of Americans would get into an AV if given the chance. That’s understandable. But to invest in innovation, you must adopt the mindset of a futurist. You must consider what the world will look like in five, 10, even 20 years.

In the podcast, we talk about what Matt believes will be the greatest use case for self-driving vehicles – “robotaxis.” These are essentially fleets of AVs that operate as taxis or ridesharing services. And it’s believed that they’ll generate $28 trillion in enterprise value over the next five to 10 years.

Matt and Tim talk about the two key drivers fueling the robotaxi trend – cost and safety. It’s estimated that AVs will eliminate 99.9% of the crashes currently being caused by human error.

And of course, they highlight the companies currently leading the charge… 

Many of Tesla’s vehicles are already semi-autonomous. And Waymo – a self-driving car spinoff of Alphabet (GOOGL) – is operating an autonomous rideshare service in Phoenix. 

But those are far from the only AV businesses worth investing in. Automakers, semiconductor companies, auto parts businesses, urban mobility leaders, and even commodities are all fair game to become the ultimate winners of the shift to the future of transportation.

This is an inevitable trend that every opportunistic investor should know about.

So click here to watch the latest episode of the Steady Trade Podcast now.

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GLP-1: The Game-Changer Investors Can’t Ignore https://www.steadytrade.com/glp-1-the-game-changer-investors-cant-ignore/ https://www.steadytrade.com/glp-1-the-game-changer-investors-cant-ignore/#respond Fri, 07 Jun 2024 14:59:08 +0000 https://www.steadytrade.com/?p=3691 GLP-1 medications are a hot topic right now. Drugs like Novo Nordisk’s (NVO) Ozempic and Eli Lilly’s (LLY) Mounjaro are not only transforming individuals’ weight loss and overall health… they’re also presenting significant economic opportunities. On today’s episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall explore the revolutionary impact of these medications. Unlike […]

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GLP-1 medications are a hot topic right now. Drugs like Novo Nordisk’s (NVO) Ozempic and Eli Lilly’s (LLY) Mounjaro are not only transforming individuals’ weight loss and overall health… they’re also presenting significant economic opportunities.

On today’s episode of the SteadyTrade Podcast, Tim Bohen and Matt McCall explore the revolutionary impact of these medications.
Unlike traditional weight-loss methods – which can be challenging due to people’s busy lifestyles – GLP-1 medications lower the barriers to achieving a healthier weight and offer a more accessible and effective solution. This boosts the user’s physical health and productivity.

The economic impact of these drugs has been immense.

According to Goldman Sachs, we can expect to see a significant boost to the economy – not just through sales but via enhanced productivity. It’s a self-fulfilling cycle.

As a result, the market potential for these drugs is massive. Drug manufacturers like Novo Nordisk and Eli Lilly will see substantial growth. In fact, Novo has already become the largest company in European as a result.

But these two companies are far from the only investment opportunities in the GLP-1 medication space…

Smaller players like Viking Therapeutics (VKTX) and Structure Therapeutics (GPCR) are worth keeping an eye on. In fact, Viking’s rise from its penny-stock beginning illustrates the potential for high returns in this sector.

We also talk about the importance of investing in supply-chain businesses like McKesson (MCK) and Cencora (COR). These firms play a crucial role in the distribution of these medications and provide another avenue to capitalize on their growth.

There are also secondary opportunities to explore – like the increased demand for protein among GLP-1 medication users.

There’s no question that these drugs offer a promising solution to the obesity epidemic and present significant economic benefits through increased productivity and market growth. With a wealth of investment potential in pharmaceutical giants, supply-chain companies, and protein supplement producers, the impact of GLP-1 medications will be felt across a variety of sectors.

This makes it an exciting area to watch for both health enthusiasts and investors.

If you’re either of those – or just want to hear our take on the topic – click here to watch the latest episode of the SteadyTrade Podcast now.

Here’s to the future,

Tim Bohen
Lead Trainer, StockToTrade

Matt McCall
Editor, Market Insights

 

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How AI is Reshaping the Energy Investment Landscape https://www.steadytrade.com/ai-is-reshaping-the-energy-investment-landscape/ https://www.steadytrade.com/ai-is-reshaping-the-energy-investment-landscape/#respond Thu, 30 May 2024 21:43:39 +0000 https://www.steadytrade.com/?p=3669 On today’s episode of the SteadyTrade Podcast, we dive into the investment opportunity being created by the convergence of AI and energy. We cover some of the biggest names in the space including Nvidia and Super Micro Computer (SMCI) – as well as some of the smaller companies you likely haven’t heard or thought of.

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Welcome back to the SteadyTrade Podcast!

We’re excited to freshen things up and introduce a new co-host – Matt McCall.

After a few years’ hiatus, we’re ready to embark on this new chapter and blend our expertise to bring you insights into the trends and sectors driving the stock market.

If you’re wondering why the podcast was paused, we felt it was time to step back while still at our peak. But our passion for podcasting never wavered. And now we’re back with renewed energy and focus… and a whole lot to talk about.

“Re-Introducing” Your Hosts:

  • Tim Bohen the leader trainer at StocksToTrade and is dedicated to making sophisticated trading tools accessible to everyday investors. Tim’s journey began with a tech company during the dial-up era. When he sold the firm, he set his focus on trading and mentoring.
  • Matt McCall began his career as a stockbroker. But his entrepreneurial spirit eventually led him to create and sell multiple businesses – including registered investment advisory Penn Financial Group. With more than 20 years in the business, you may recognize Matt from his time as a co-host of Fox Business or through his many investment newsletters and published books. It’s his focus on educating investors, having some fun, and making money in the market that makes him a perfect addition to this podcast.

In this new era, the SteadyTrade Podcast will shift away from daily stock picks to broader market discussions. We’ll blend short-term trading insights with long-term investment perspectives to offer a comprehensive view of the market.

We’re thrilled to have you on board!

Today’s Show:

The sudden emergence of artificial intelligence (AI) has been grabbing financial media headlines for more than a year now. Naturally, related stocks have taken off – with Nvidia (NVDA) now one of the largest companies in the world.

We’re in the very beginning stages of what we believe will be one of the biggest megatrends of our generation. And that means there is opportunity to seize here.

But other areas of the stock market are being overlooked as a result…

As AI technology engrains itself deeper into the everyday lives of companies and individuals, more data will generated. That means a lot more electricity will be required to collect and analyze all that data.

Global energy consumption has been stagnant in recent decades. But according to the International Energy Agency, that figure is expected to increase 165% by 2050. Northern Virginia – the hub of U.S. data centers – is likely to run out of reliable power by 2027.

That means the only way to keep the AI boom going is to upgrade the global electrical grid.

On today’s episode of the SteadyTrade Podcast, we dive into the investment opportunity being created by the convergence of AI and energy. We cover some of the biggest names in the space – including Nvidia and Super Micro Computer (SMCI) – as well as some of the smaller companies you likely haven’t heard or thought of.

Get your pencil and pad ready! It’s time for the first episode of our renewed Steady Podcast.

Click here to watch the latest episode now.

Here’s to the future,

Tim Bohen
Lead Trainer, StockToTrade

Matt McCall
Editor, Market Insights

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Ep 226: NFTs, Cryptomania, & When to AVOID Trading: The Roland Wolf Update https://www.steadytrade.com/roland-wolf-update/ https://www.steadytrade.com/roland-wolf-update/#respond Tue, 16 Nov 2021 13:00:15 +0000 https://www.steadytrade.com/?p=3579 If the market’s not so hot, millionaire trader and mentor Roland Wolf puts trading on the back burner. But he’s no slacker. This is the hands-off approach that made him a millionaire (and kept him from losing money!). Wanna learn his secrets?    Today, Roland shares his unique approach to trading — including what he […]

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If the market’s not so hot, millionaire trader and mentor Roland Wolf puts trading on the back burner. But he’s no slacker. This is the hands-off approach that made him a millionaire (and kept him from losing money!). Wanna learn his secrets? 

 

Today, Roland shares his unique approach to trading — including what he thinks of the current market, work-life balance, and why aggressive young traders sometimes give him FOMO…

Follow Roland! 

Want more? Check out Roland’s offerings and follow him online: 

Plus, don’t miss our past episodes featuring Roland: 

In the Episode…

Here’s a sneak peek of what you’ll learn in this interview with Roland:

The State of the Market 

The stock market’s been a strange place lately. After a summer slowdown, there have been pockets of heat. Roland offers his take on several timely topics, including: 

  • The crazy Digital World Acquisition Corp. (NASDAQ: DWAC) run
  • NFTs and crypto stocks 
  • What happened to biotechs? Will they come back?

Necessary Adjustments 

Roland’s quick to admit that he hasn’t made a lot of money recently. It’s not because he doesn’t care about trading anymore. It’s because his setups simply aren’t there — he doesn’t want to fall prey to FOMO! 

He’s using this time to improve his emotional and physical wellbeing — and prepare for a new baby on the way in December! Learn why he believes that dedicating time to one’s personal wellbeing is vital to long-term trading success…

Moving Forward in the Post-2020 Stock Market

The stock market changed forever in 2020. A ton of new traders came to the market, and it changed several of Roland’s tried-and-true patterns. 

Change isn’t bad — in fact, it’s inevitable in the stock market. Learn how he’s adapting, including upping his game on monitoring VWAP and more. 

He also talks about the new traders who have hit the market — some who work in the same office as him, like Bryce Tuohey (featured in Ep. 223) and Matt Monaco (featured in Ep. 202).



Roland talks about how these young traders love to take big size — but also assume big risk. He’s inspired … and he definitely feels FOMO! But as a family man, he knows he has too much to lose by taking that approach.

Learning and Teaching 

In addition to constantly learning about the stock market, Roland also offers new traders an education through his mentorship program, Roland Wolf’s Trading Accelerator

His goal isn’t to create clones but to guide traders to find their own style. He wants to help them navigate their way through the initial difficult learning curve and the second learning curve to get experience and deal with “the psychological stuff.”

Stay Inspired…

As you can see, Roland’s career has progressed a lot since the last time he was featured on the podcast. His journey is a testament to the power of adapting and staying cautious and constantly learning! 

Did this interview inspire you? 

We love to hear what you think, so drop a comment below or on YouTube!

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

Love the episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen and Stephen Johnson.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

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TWIST 61: Back to Trading Basics: Listed vs. OTC Stocks + Upcoming Hot Sectors! https://www.steadytrade.com/listed-vs-otc-stocks/ https://www.steadytrade.com/listed-vs-otc-stocks/#respond Thu, 11 Nov 2021 18:00:19 +0000 https://www.steadytrade.com/?p=3576 Jack, Mari, and Kyle had it ROUGH last week. Avis Budget Group Inc. (NASDAQ: CAR) had these traders giving back large portions of their monthly profits.    Mistakes were made and rules were broken…    But this trio is reflecting and honing in on the trading basics. Check out their trades on Regen BioPharma Inc […]

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Jack, Mari, and Kyle had it ROUGH last week. Avis Budget Group Inc. (NASDAQ: CAR) had these traders giving back large portions of their monthly profits. 

 

Mistakes were made and rules were broken… 

 

But this trio is reflecting and honing in on the trading basics. Check out their trades on Regen BioPharma Inc (OTCMKTS: RGBP)!

 

Learn why they’re focusing more on OTC stocks and steering clear of Nasdaqs (with one exception). 

 

The daily chart on Ilustrato Pictures International Inc (OTCPK: ILUS) had traders excited and convinced it would break out…

 

Kyle and Mari included. While all three traders “drank the Kool-Aid” and day traded this stock, Jack recognized the swing trade potential. 

 

Catch the video for the details on his new trading plan.  



With the winter market approaching, our TWIST hosts briefly discuss upcoming hot sectors and when it’s officially time to hunker down and FOCUS. 

 

Tilray Inc. (NASDAQ: TLRY) for example, is a strong indicator for weed stocks. And from a technical standpoint, this chart looks great. Which trader do you think is swinging this? 

 

And of course, crypto is on the rise. Don’t miss Kyle’s excitement for the opportunity this could bring.

 

Don’t miss this episode, and drop a comment on who you want to see as a guest on TWIST!

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Ep 225: $80K Losses to $2 Million+ Profits: Jack Schwarze’s Incredible Trading Journey https://www.steadytrade.com/jack-schwarzes-trading-journey/ https://www.steadytrade.com/jack-schwarzes-trading-journey/#respond Tue, 09 Nov 2021 12:00:37 +0000 https://www.steadytrade.com/?p=3572 Ep 225: $80K Losses to $2 Million+ Profits — Jack Schwarze’s Incredible Trading Journey Jack Schwarze started trading in high school. Now, he’s a multi-millionaire finishing up grad school. It’s incredible what a difference a few years can make… Today, trader Jack Schwarze shares his mind-blowing trading journey — including how he overcame $80K in […]

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Ep 225: $80K Losses to $2 Million+ Profits — Jack Schwarze’s Incredible Trading Journey

Jack Schwarze started trading in high school. Now, he’s a multi-millionaire finishing up grad school. It’s incredible what a difference a few years can make…

Today, trader Jack Schwarze shares his mind-blowing trading journey — including how he overcame $80K in losses and blew up multiple accounts before finding his stride as a short seller. Don’t miss this! 

What kinds of hobbies did you have during your senior year of high school? 

 

Lacrosse player Jack Schwarze decided to diversify by taking up trading. 

 

His goal? To become rich. 

 

A few years down the line, it’s safe to say he’s reached that goal. As he finishes up grad school, Jack’s up over $2.6 million in trading profits. 

 

But it hasn’t been easy. In today’s episode, SteadyTrade podcast co-hosts Tim Bohen and Stephen Johnson find out the full story behind this young trader’s wild ride…

Senioritis to Self-Sufficient Trading

Jack started trading in 2016 as his high school career was coming to an end. 

 

  • He came across Tim Sykes on Instagram and wondered why more people weren’t taking advantage of these supernova stock moves. 
  • He also had major senioritis and decided trading would be fun. 

 

Jack started out with about $2,000 … But as he shares, he would blow up his account MANY times before he started to understand the rules of the game. 

 

Find out what changed over time — and how he discovered that he needed to diversify and do if he wanted to keep trading.

 

Don’t miss Jack’s go-to trading patterns that he’s adapted from teachers like Tim Sykes and Roland Wolf!

The Psychological Journey of Trading

For Jack, learning to deal with market fluctuations has been key to his mental wellbeing:

 

  • During a hot market, he found he could make “insane money,” which led to feelings of euphoria
  • When the market shifted, he started to “bleed” due to poor risk management. It did a number on his emotional health…

 

Tim, Stephen, and Jack all share tips for maintaining sanity in the wild world of day trading — tune in! 

Key Lessons for New Traders

Every trader can benefit from Jack’s sage advice. Here are just a few of the gold nuggets in the episode: 

  • Stay in the game. Above all else, focus on not blowing up! 
  • Zero in on your style. Just pass the time and wait for your setups. “When it rains it pours.”
  • Don’t get married to a setup. It’s a one-way road to heartbreak…
  • Track your data! It’s the best way to figure out what’s actually working for you and why. 
  • Cut losses quickly! 



Stay in the Game…

The market naturally fluctuates. Learning from traders like Jack Schwarze can help you learn how to adapt and stay nimble. Never give up! 

 

What do you think of Jack’s approach to the market? 

 

We love to hear what you think, so drop a comment below or on YouTube!

 

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

 

Love the episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen and Stephen Johnson.

 

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

 

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

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TWIST 60: Trading Transparency! Critical Rules For Every Market https://www.steadytrade.com/trading-transparency/ https://www.steadytrade.com/trading-transparency/#respond Thu, 04 Nov 2021 17:00:19 +0000 https://www.steadytrade.com/?p=3568 Jack and Mari take a break this episode, but Kyle’s keepin’ it real after a HARD trading day. Need proof as to why transparency matters? Even on green days, you can have reckless trades. Find out how this seasoned trader holds himself accountable! The wrong trade could end a beginner’s potential trading career. It’s why […]

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Jack and Mari take a break this episode, but Kyle’s keepin’ it real after a HARD trading day. Need proof as to why transparency matters? Even on green days, you can have reckless trades. Find out how this seasoned trader holds himself accountable!

The wrong trade could end a beginner’s potential trading career. It’s why you need to follow smart rules, trade small, and focus on your knowledge account.

 

That’s something traders have to remember — no matter how long they’ve been in the game. Making money isn’t the only goal for traders. Discipline, rules, and safety always matter. 

 

Kyle’s admittedly a little embarrassed that he failed to follow these basic trading principles on one trade, in particular, Avis Budget Group Inc. (NASDAQ: CAR). 

 

He saw a great short-selling opportunity with CAR, but made a grave mistake… 



Tune in to learn all the uncomfortable details with Kyle in a complete trade breakdown.

 

Kyle notes he dodged a bullet AND that everything about this trade was entirely unacceptable. Check out these key lessons, so you can hopefully avoid a similar situation yourself.

 

And, don’t worry, it’s not all rough news. Tune in for more on his trades on Hertz Global Holdings Inc. (OTCPK: HTZZ), Ocugen Inc. (NASDAQ:OCGN), and Tesla Inc. (NASDAQ: TSLA). 

 

Don’t miss out on all the details and valuable lessons learned.

 

And be sure to leave a comment with any trading wisdom you discovered with Kyle today! 

 

Missed last week’s episode? Watch it here. 

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Ep 224: Hot Topics: Kyle Williams of STT’s Breakouts & Breakdowns on the State of the Market https://www.steadytrade.com/kyle-williams-state-of-the-market/ https://www.steadytrade.com/kyle-williams-state-of-the-market/#respond Tue, 02 Nov 2021 11:00:24 +0000 https://www.steadytrade.com/?p=3561 You asked for more timely content … We listened! Today’s guest, Kyle Williams of StocksToTrade’s Breakouts & Breakdowns, weighs in on the state of the market right now. He discusses crypto, the OTC market, and how he’s adapted his strategy over the years. Plus, learn his $2 million+ short-selling secrets!  Listeners, we hear you!  We’ve […]

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You asked for more timely content … We listened! Today’s guest, Kyle Williams of StocksToTrade’s Breakouts & Breakdowns, weighs in on the state of the market right now. He discusses crypto, the OTC market, and how he’s adapted his strategy over the years. Plus, learn his $2 million+ short-selling secrets! 

Listeners, we hear you! 

We’ve received a ton of reader feedback that you’d love to hear more of-the-moment market updates. 

The SteadyTrade Team and StocksToTrade universe boast a ton of talented traders, so we’re tapping into their expertise to deliver timely content.

In today’s episode, SteadyTrade podcast co-host Tim Bohen is joined by Kyle Williams of StocksToTrade’s Breakouts & Breakdowns chat room. They’re flying solo while Stephen’s on an ayahuasca trip (no, really). 

Don’t miss their conversation about today’s hottest topics in trading — crypto, the state of the OTC market, and much more! 

About Kyle Williams 

Not familiar with Kyle? Here are a few things to know:

  • This talented trader has been in the game since 2016. 
  • He got inspired to become a short-seller after watching “The Big Short.” 
  • In 2021, he crossed the million-dollar profit mark
  • Just a few months later, he crossed $2 million

These days, traders can learn from him in Breakouts & Breakdowns, a chat and alert service offered through StocksToTrade.

You can also stay updated with him on these social media channels:

State of the Market 

At the time of recording, OTC stocks had been somewhat slow. Here’s what you’ll learn:

  • Kyle explains how the OTC slowdown caused him to pivot more into listed stocks. 
  • The great circle of life for OTCs and how they come and go.
  • Why it’s a trader’s responsibility to adapt and practice restraint during slower times. 
  • Just because a strategy isn’t working right now doesn’t mean it’s over forever. 

Hot Runners, FOMO, and Lessons Learned

It was a crazy runner with a ridiculous run … Camber Energy Inc. (NYSEAMERICAN: CEI) CEI) was on many a trader’s radar in late September. It leads to several interesting topics of discussion:

  • Just because there’s a hot runner out there doesn’t always mean that traders can or will profit. 
  • Kyle explains why CEI represented a host of missed opportunities for him — and how he contended with the FOMO mind games he faced during the period of its run.
  • Why pushing size and taking bigger risks are rarely good ideas
  • What Kyle could have done better — for instance, taking more conservative size and being less aggressive in the morning. 
  • CEI’s harsh ending and why traders always need to be prepared to cut losses.

Cryptomania!

Crypto’s hot again! Don’t miss what Bohen and Kyle have to say:

  • Is bitcoin (BTC) going to a million? 
  • Why Kyle thinks BTC is undervalued.
  • Both traders talk about their hopes for BTC and crypto for the future and why they think there’s a lot more room for upside.
  • How can new traders get exposed to crypto? 
  • Learn about Kyle’s crypto trading bootcamp with fellow trader Matt Monaco

Life Beyond Trading 

Making money is great, but it’s not everything in life.

Kyle’s motivated to do more with his money than just hoard it or spend it on stuff. In the episode, he shares what he’s been up to, including:

  • Donations to charity — including a $10,000 donation to cow sanctuary Libby Lou’s Safe Haven on his mom’s behalf
  • A private jet ride for his grandparents — that one’s not charity, but it was definitely a good deed!

Stay Current…

The market’s constantly changing. Hearing from top traders like Kyle can help you learn about what makes the market move and how to keep adapting. Never stop learning! 

Do you agree with Bohen and Kyle’s market commentary?

We love to hear what you think, so drop a comment below or on YouTube!



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

Love the episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, and Stephen Johnson

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

 

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TWIST 59: Trading the Trump Stock Sector Mania: DWAC, PHUN, & More! https://www.steadytrade.com/trump-stock-sector-mania/ https://www.steadytrade.com/trump-stock-sector-mania/#respond Sat, 30 Oct 2021 11:00:06 +0000 https://www.steadytrade.com/?p=3555 Sector momentum is back in action thanks to … former President Donald Trump?  We’re here to talk trading, not politics — but yes, it’s true. Following an announcement regarding Trump’s new social media platform, traders watched listed stocks ignite.   How are Kyle, Jack, and Mari adjusting to the abundance of opportunities?   It takes […]

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Sector momentum is back in action thanks to … former President Donald Trump? 

We’re here to talk trading, not politics — but yes, it’s true. Following an announcement regarding Trump’s new social media platform, traders watched listed stocks ignite.

 

How are Kyle, Jack, and Mari adjusting to the abundance of opportunities?

 

It takes time to feel out fresh market action — there’s SO much to prepare for. And with more opportunities comes more room for mistakes. 

 

That’s especially true as OTC traders are branching out to listed stocks. Some of these hot plays are NOT for beginners. 

 

Phunware Inc. (NASDAQ: PHUN) is a great example. Tune in to learn how this play could have been catastrophic for smaller accounts. 

 

From entries to timing to risk management — each host offers a vital lesson on this ticker.

 

And of course, they’ll share plenty on Digital World Acquisition Corp (NASDAQ: DWAC). After all, that’s the SPAC that kickstarted the momentum.


And to close out an action-packed episode, Jack has a final tip that traders don’t want to miss. Watch and learn!

 

Missed last week’s TWIST episode? Tune in here.

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Ep 223: StocksToTrade’s Bryce Tuohey on Avoiding Dumb Mistakes + Overcoming Red Months https://www.steadytrade.com/ep-223-bryce-tuohey-overcoming-red-months/ https://www.steadytrade.com/ep-223-bryce-tuohey-overcoming-red-months/#respond Tue, 26 Oct 2021 11:00:37 +0000 https://www.steadytrade.com/?p=3550 Even cowboys get the blues … StocksToTrade and Small Cap Recap’s resident western-wear-loving trader Bryce Tuohey gets real. Need help to overcome red months and avoid the FOMO trap in trading? Don’t miss this!   It’s a drawdown! Today’s guest is Bryce Tuohey. You may recognize him as the fun-loving co-host of StocksToTrade’s Small Cap […]

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Even cowboys get the blues … StocksToTrade and Small Cap Recap’s resident western-wear-loving trader Bryce Tuohey gets real. Need help to overcome red months and avoid the FOMO trap in trading? Don’t miss this!

 

It’s a drawdown! Today’s guest is Bryce Tuohey. You may recognize him as the fun-loving co-host of StocksToTrade’s Small Cap Recaps and a member of the Small Cap Rockets team.

 

Bryce has something in common with SteadyTrade podcast co-host Stephen Johnson…

 

At the time of recording, they were both having a red month. Whomp whomp.

 

In today’s episode, Bryce and Stephen compare notes on navigating losses and overcoming red months. Their goal? In their words, to transition from losing traders to “two fat little hedgehogs sitting on piles of cash.”

What’s Going on With Bryce?

Until recently, Bryce hadn’t had a red month since 2019 or so. Red weeks, yes — but not an entire month. 

 

Facing a big red month in September of 2021 hurt — it was hard to keep things in perspective.

 

It also presented a challenge: how to fix it? Here’s how he got started…

What Needs Fixing? 

According to Bryce, if you’re a trader and either:

 

  1. A) In a drawdown
  2. B) Not profitable 

 

Then you probably need to adjust something in your trading to get on the right path. At times like these, traders must ask themselves the hard questions: How can I do better? How can I reverse the drawdown I’m going through? 

 

He had to face these questions himself. He and Stephen share tips for how to get real and face your own shortcomings…

 

Digging Deeper 

When Bryce was honest with himself, he realized that in attempting to transition from day trading to swing trading, he’d made some mistakes. 

 

He found it wasn’t possible to use day trading size on swing trades and expect to make money. So he quickly found himself in the red and struggling to recover. 

 

When he dug deeper into his personal stats, he also realized that the specific pattern that had been working for him wasn’t working anymore. What to do?

The Dangers of Relying on One Setup

Unfortunately, Bryce’s go-to setup wasn’t working as well as it used to.

 

He and Stephen discuss their go-to setups and how they’ve had to adapt to changing market conditions. 

 

Also, Bryce realized that relying on one setup can be dangerous when the market shifts.

 

Now, he’s familiarizing himself with short setups and expanding his repertoire so he has a few different strategies for different market moods. 

Trading When You’re in a Slump

Simple fact: the deeper the hole of your trading slump, the harder it is to dig yourself out.

 

Both Bryce and Stephen have found this to be true. But they’ve done it before! In the episode, they offer their personal tips for:

 

  • Traveling while trading
  • The FOMO trap and when to avoid trading
  • How to get in the zone and avoid distractions
  • The dangers of social media during a trading slump

 

Wanna saddle up for more Bryce action? Check out Episode 201: Trading the Ultimate Breakout With Bryce Tuohey!

Keep Truckin’

Remember: nothing lasts forever. Every trader has a red month every now and again. We hope these tips will help you the next time you find yourself in that situation!

 

How do you keep on keeping on when you’re having a red month?

 

We love to hear what you think, so drop a comment below or on YouTube!

 

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



 

Love the episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

 

Follow our hosts and guest on social media…

Bryce Tuohey

Twitter: @traderbryce

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

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TWIST: Bitcoin ETFs, OTC Stocks, and the Importance of Meeting Traders IRL https://www.steadytrade.com/bitcoin-etfs-otc-stocks/ https://www.steadytrade.com/bitcoin-etfs-otc-stocks/#respond Sat, 23 Oct 2021 11:00:50 +0000 https://www.steadytrade.com/?p=3542 Bitcoin is heating back up! 📈   With BITO, the new bitcoin ETF, finally live, other crypto ETFs will likely start cropping up. In short, the crypto sector’s hot and not going away anytime soon.   And it’s not the only sector showing promising signs. Tune in to see what  Jack, Mari, and Kyle are keeping […]

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Bitcoin is heating back up! 📈  

With BITO, the new bitcoin ETF, finally live, other crypto ETFs will likely start cropping up. In short, the crypto sector’s hot and not going away anytime soon.

 

And it’s not the only sector showing promising signs. Tune in to see what  Jack, Mari, and Kyle are keeping an eye on. 

 

As for OTCs, the fall market is still pretty slow. But there have been a few former runners making moves…  

 

Find out how Kyle traded the Alpine 4 Holdings Inc (Nasdaq: ALPP) uplisting to Nasdaq. Jack is keeping a close eye on NaturalShrimp Inc. (OTCMKTS: SHMP), also with rumors to uplist. Learn about Mari’s cautious approach on Cloudflare Inc. (NYSE: NET).

 

How can you get in the mindset of these traders? Tune in for their chart breakdowns!



 

Last, don’t miss their tips on the importance of building real connections with other traders — in real life. 

There’s a bit of nostalgia in this episode as our hosts look back on when they all met in person and how far they’ve come together. And in a bit of a back-to-normal moment, these traders had a recent adventure to Traders4ACause. Check out the full episode to hear all about it!

Missed last week’s TWIST episode? Tune in here.

 

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Ep 222: When Traders Should Take a Break https://www.steadytrade.com/ep-222-when-traders-should-take-a-break/ https://www.steadytrade.com/ep-222-when-traders-should-take-a-break/#respond Tue, 19 Oct 2021 11:15:33 +0000 https://www.steadytrade.com/?p=3537 Trading offers a lot of freedom. Is that a blessing or a curse? That depends on YOU. Here’s how traders can make the most of their flexibility. Tune in to learn to avoid the ‘I should be trading’ trap! When you’re first starting as a trader, it might feel like you need to be chained […]

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Trading offers a lot of freedom. Is that a blessing or a curse? That depends on YOU. Here’s how traders can make the most of their flexibility. Tune in to learn to avoid the ‘I should be trading’ trap!

When you’re first starting as a trader, it might feel like you need to be chained to your computer at all times. There’s so much to learn, so much studying to do…

 

But once you figure out what works for you, it’s really just a lot of ‘rinse and repeat.’ 

 

In fact, as you advance in your trading career, you might even find that less is more. 

 

In today’s episode, Tim and Stephen discuss the importance of stepping away from your monitor every now and again — both for your own sanity and for the sake of your trading account. 

Hang 10! 

At the time of recording, Stephen was at surf camp in Portugal, taking a much-needed break. Next up? A retreat in Mexico, then back to the grind.

 

He’s taking a break from trading at the moment. Sure, he could jump in here and there to see how things are going. But mainly, he finds that sort of approach is just a recipe for FOMO

 

Though there was one play he couldn’t resist, Stephen’s generally been taking a break from trading altogether. 

 

His mentality? “When your head’s not in it, don’t be in it.” 

When You’re Grinding, Grind

In the episode, Tim and Stephen talk about an important topic: taking time off. 

 

Both agree that trading is an endeavor that requires full attention for the best results.

 

It’s really simple:

 

  • When you’re grinding, grind.
  • When you can’t dedicate yourself fully, take time off.

 

Traders won’t want to miss their discussion about traveling and trading…

 

Is it a good idea? Or is it a recipe for disaster? The answer’s different for every trader, but Tim and Stephen’s thoughts may surprise you…

Adapt or Walk Away

The market’s ever-changing. So it’s important for traders to be able to shift their expectations, mindset, and even trading strategies to work with the current market conditions. 

 

Tim and Stephen talk about the current market climate. Learn how events like the recent Chinese housing scandal can affect stocks, and how traders can quickly adapt. 

 

Learn why Stephen’s adopted an “adapt and change up your strategy or walk away” approach. And hear how last year’s influx of market newbies may have altered the landscape of trading and short selling forever.

 

Stephen also shares how and why he’s adapted his watchlist technique to keep former runners on watch longer.

 

Plus, don’t miss Tim and Stephen’s thoughts on a controversial trading conspiracy theory! 

Keep Chillin’

Do you enjoy the freedom that trading offers? 

 

We love to hear what you think, so drop a comment below or on YouTube!

 

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

 

Love the episode? Please leave a review on iTunes.


Meet Our SteadyTrade Hosts

Get to know Tim Bohen, and Stephen Johnson.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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TWIST: The CEI Pump & Prepping for the Next Hot Market https://www.steadytrade.com/the-cei-pump/ https://www.steadytrade.com/the-cei-pump/#respond Sat, 16 Oct 2021 11:00:26 +0000 https://www.steadytrade.com/?p=3533 In an otherwise quiet OTC market, Camber Energy Inc. (NYSE: CEI) sure spiced things up. Well, momentarily anyway…    CEI’s run offered plenty of opportunity for traders, but did it meet expectations?   Tune in for a full breakdown of this stock pump with hosts Mari, Jack, and Kyle.    Quick peek: With CEI, the […]

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In an otherwise quiet OTC market, Camber Energy Inc. (NYSE: CEI) sure spiced things up. Well, momentarily anyway… 

 

CEI’s run offered plenty of opportunity for traders, but did it meet expectations?

 

Tune in for a full breakdown of this stock pump with hosts Mari, Jack, and Kyle. 

 

Quick peek: With CEI, the action seemed to be a battle between traders and investors. Many traders believed in the company and held instead of trading the price action. 

 

And a lot of traders got crushed. This stock is a solid reminder of how you must always approach sketchy stocks. Our hosts have plenty to say about it. Don’t miss it!


Now that CEI’s spike is over and market momentum has hit a lull, what are our TWIST hosts up to? Looking for other plays, of course! 

 

Tune in for Jack and Mari’s trade details on Bri-Chem Corp (OTCPK: BRYFF). And find out how this sub-penny stock oddly relates to CEI. 

 

Kyle honed in on Infrax Systems Inc. (OTCPK: IFXY). See how his trade went on this beautiful breakout that closed at highs. And learn why Jack thinks Columbus Day played a role. 

 

Watch the full episode for essential tips on forcing a hot market and what not to do. Patience is key! Find out what top traders do while waiting for the market to bounce back.

 

Leave a comment and let Mari, Jack, and Kyle know how you’re prepping for the next hot market! Catch up on last week’s episode here

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Ep 221: Coping With a Slow Market: Real Talk With Tim + Stephen https://www.steadytrade.com/coping-with-a-slow-market/ https://www.steadytrade.com/coping-with-a-slow-market/#respond Tue, 12 Oct 2021 11:00:59 +0000 https://www.steadytrade.com/?p=3525 Change is just about the only thing you can count on in the stock market. That doesn’t mean it isn’t painful at times. Tim and Stephen offer some real talk on how traders can deal with a market shift without sacrificing their sanity or accounts. Don’t miss this!  Hey, did you feel that?    No, […]

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Change is just about the only thing you can count on in the stock market. That doesn’t mean it isn’t painful at times. Tim and Stephen offer some real talk on how traders can deal with a market shift without sacrificing their sanity or accounts. Don’t miss this! 

Hey, did you feel that? 

 

No, it wasn’t an earthquake. It was the market shifting.

 

If you’ve been frustrated by the unpredictable mood of the market as of late, you’re not alone. Plenty of traders are feeling thrown off and uncertain of how to proceed in the face of recent market changes. 

 

Don’t have an emotional blow-up! In today’s episode, Stephen and Tim share valuable tips for dealing with market shifts, including some unexpected coping techniques. Are you ready? Here’s a sneak peek…

Seasonal Shifts 

A famous adage urges traders to “sell in May and go away.” Traditionally, the market’s a LOT slower in the summer than any other time of year. 

 

Tim agrees that the summer is slower in the stock market. However, he argues that things don’t slow down enough to totally walk away. Listen in to hear how he finds and follows opportunities during the summer months and into the early fall…  

Cooler Weather, Hotter Trading 

Both Stephen and Tim agree: the market tends to heat up as the weather cools down. 

 

Kids are back in school, days are getting shorter. People aren’t outside as much. They need something to do, so trading picks up.

 

Learn how and why hot sectors heat up in the fall and winter months…

Dealing With Market Shifts 

Stephen confesses he’s been having a rough time lately. Shorting has been tough. The market has been tough. 

 

He’s circled back to the benefits of having trading as a side hustle and having another source of income to ease the pressure and stress…

 

But he’s also come to realize that it’s important to have other passions in life. 

 

Learn how he’s combatting trading blues by planning an epic travel adventure. Spoiler: he might visit the hosts of the popular TWIST podcast soon…

Dealing With Losses

Stephen and Tim talk about the L-word — you know, losses. 

 

They both agree that trading is less about what you make — it’s more about what you keep. Traders won’t want to miss this honest discussion about dealing with losses during a market shift — and how to avoid letting them snowball. 

Are Penny Stocks Changing Forever? 

Sectors and hot stocks aren’t the only things that shift. Public opinion changes, too.

 

Stephen recalls how when he first started trading, people thought his mentor Tim Sykes — and penny stocks in general — were a total scam. 

 

Things have really changed, thanks to the 2020 trading boom and more general awareness. Stephen and Tim talk about how things have changed and what it means moving forward…

Ch-Ch-Changes…

Are you feeling more comfortable about dealing with market shifts?

 

We love to hear what you think, so drop a comment below or on YouTube!

 

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

 

Love the episode? Please leave a review on iTunes.


Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Ep 220: Former Football Coach Reveals 4-Year Trading Game Plan https://www.steadytrade.com/trading-game-plan/ https://www.steadytrade.com/trading-game-plan/#respond Tue, 05 Oct 2021 13:26:01 +0000 https://www.steadytrade.com/?p=3517 Ready to make a trading game plan of your own? Using lessons learned from coaching football and playing poker, today’s guest Clutch has traded his way over the PDT. Listen and get inspired!  Embed Code In today’s episode, SteadyTrade co-hosts Kim Ann Curtin and Stephen Johnson have an extra-special guest: an up-and-coming trader who goes […]

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Ready to make a trading game plan of your own? Using lessons learned from coaching football and playing poker, today’s guest Clutch has traded his way over the PDT. Listen and get inspired! 

Embed Code

In today’s episode, SteadyTrade co-hosts Kim Ann Curtin and Stephen Johnson have an extra-special guest: an up-and-coming trader who goes by Clutch.

 

Clutch has done what many traders dream of but few have achieved. He started with a small account and traded his way over the PDT.*

 

In case you’re not familiar with the term, “PDT” refers to the pattern day trader rule. It’s a rule that limits traders with accounts of $25,000 or less to just three day trades within a rolling five-day period. 

 

The rule is in place to help protect newbie traders from themselves. However, many traders find the PDT rule limiting and can’t wait to outgrow its restrictions. 

 

How’d Clutch do it?*

A Man With a Trading Game Plan 

When Clutch started trading, he didn’t want to dabble. He wanted to be great.

 

But he recognized that greatness takes time. It takes four years to get a college degree — he figured he needed to dedicate at least the same amount of time to his trading education. 

 

In the podcast, he shares his four-year trading game plan and journey:

  • How he worked past the sheep-like mentality that so many new traders have.
  • Why small-account trading is humbling when you’re only making about $15 per trade. 
  • The mindset shift that helped him get out of the money mindset and into finding value in every trade.

The Competitive Mindset + Finding an Edge 

Fun fact: Clutch is a former football coach. He’s also a poker enthusiast. He loves competition. 

 

Early on, it occurred to him that techniques that he used to gain an edge in these competitive pursuits could serve him well in trading. Here’s what he did:

  • Clutch recorded data from his stock charts just like he used to with data about games and players as a football coach. 
  • He used indicators on his stock charts to help understand what made stocks move.
  • And he used his data to refine his entries and exits. Of course, he admits that this only came with “hours and hours” of screen time. 

 

Now, five years into his trading career, he says, “I’m in a position where I feel confident in my trades. If I lose I’m not upset. If I win, great.”

Valuable Trading Game Plan Lessons

Clutch also offers plenty of pearls of wisdom for new traders — you know, stuff he wishes he’d known when he was starting out. Such as…

  • The only way you can make money on a trade is if you trust yourself to get out of the trade. 
  • Learn what NOT to do. Make use of your mistakes as learning experiences.
  • Just as you learn from different professors in college, you need to learn from different mentors and put together your own strategy. Tim Grittani and Roland Wolf are some of the traders he studied… 

 

Ready to take your trading to the next level? Traders who want to catapult over the PDT won’t want to miss this informative episode. 


Follow Clutch on Twitter: @Clutchcaller 

That’s So Clutch! 

Did this episode inspire you?

 

We love to hear what you think, so drop a comment below or on YouTube!

 

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

 

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

 

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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TWIST: Big Announcements, Market Moves, & MORE! https://www.steadytrade.com/twist-big-announcements-market-moves/ https://www.steadytrade.com/twist-big-announcements-market-moves/#respond Sat, 02 Oct 2021 13:00:20 +0000 https://www.steadytrade.com/?p=3508 TWIST is officially back (again) with an awesome new host. Welcome to the TWIST crew, Mariana! It’s been a while since the last TWIST episode and do we have some catching up to do… First, let’s address a change in line-up … Mariana is taking Matt Monaco’s place as a TWIST host. Apparently, Matt doesn’t […]

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TWIST is officially back (again) with an awesome new host. Welcome to the TWIST crew, Mariana! It’s been a while since the last TWIST episode and do we have some catching up to do…

First, let’s address a change in line-up … Mariana is taking Matt Monaco’s place as a TWIST host. Apparently, Matt doesn’t want to hang with the cool kids anymore (kidding!). Please welcome Mariana to the TWIST team!

Mariana, Jack, and Kyle also run the StocksToTrade Breakouts and Breakdowns chat room.  These episodes are your chance to better know this team.

Now onto trading business … How did Kyle, Jack, and Mariana weather the slow summer-market storm? 

Tune in to find out!

​​And see how these traders consistently work to prepare for the next hot market. Pay attention … This is something all traders should do.

Now that summer’s over, the crew hopes to see a shift in momentum. Will traders see more volume, bigger runners, and hopefully more fun soon? Check out the episode to hear what these three have to say.

Plus, catch their trade breakdowns on ILUS, CYBL, and CEI. And you’ll also find an essential lesson on when it’s to move on from a ticker. Tune in!

🚨 Follow your TWIST hosts:

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Ep 219: Emotional + Technical Precision: How to Sharpen Your Trading Edge https://www.steadytrade.com/sharpen-your-trading-edge/ https://www.steadytrade.com/sharpen-your-trading-edge/#respond Mon, 27 Sep 2021 14:13:10 +0000 https://www.steadytrade.com/?p=3499 How can you build and maintain a technical and emotional trading edge?    In this episode, co-hosts Kim Ann Curtin and Stephen Johnson close out a four-part series on the emotionally intelligent side of trading. Don’t miss the other episodes:    Episode 214: What Really Works? Directionless Trading vs. Developing a Strategy Episode 215: Addicted […]

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How can you build and maintain a technical and emotional trading edge? 

 

In this episode, co-hosts Kim Ann Curtin and Stephen Johnson close out a four-part series on the emotionally intelligent side of trading. Don’t miss the other episodes: 

 

 

In today’s installment, Kim and Stephen explore an important topic: finding an edge in trading. 

 

Every trader wants an edge. But what they don’t understand is that it’s not just about finding your edge — it’s also about honing and maintaining it over time. After all, even the highest-quality knives need to be sharpened after a while.

So You Wanna Build a Trading Edge… 

The market’s competitive. As a newbie, how can you possibly be a serious player?

 

You’ve gotta develop an edge.

 

According to Stephen, traders need to find specific niche strategies and refine them until they’re pros.

 

Don’t try to be a jack of all trades. Instead, Stephen suggests finding a pattern that fits your risk tolerance and getting up close and personal with it. Track your data. Save the charts. Find your edge through analysis. 

 

Want inspiration? Check out this episode with millionaire trader Mariana. In it, she talks about finding her trading edge while staying true to herself.

How Long Does it Take? 

Don’t worry — finding your edge doesn’t need to take years and years.

 

Stephen says that once traders get to a certain level of understanding the variables and the stock market, it’s quite simple. 

 

He talks listeners through his process of creating sample studies of tickers and analyzing the results. Don’t miss his step-by-step process! 

Sharpen That Edge!

According to Stephen, one of the hardest parts about having an edge in trading is maintaining it.

 

He shares how he used a single system to grow his account exponentially … then tried to change it and experienced losses. 

 

A trading edge requires ongoing focus and attention. For Stephen, times like these act as a warning that he’s got to get back to basics and remember his strategy…

The Emotional Edge

Maintaining your edge also requires a healthy dose of self-awareness.

 

How do you perform best and put yourself at the top of your game?

 

To close out the episode, Kim and Stephen discuss how to get yourself “in flow” with the market by following the market’s energy and adjusting your lifestyle and trading plans accordingly.  

 

Ultimately, traders need to begin to build an edge through dedication, time, and technical prowess. But the emotional side is extremely important for maintaining it all…

Were You On the Edge of Your Seat? 

Did you enjoy these tips and thoughts about finding and keeping your trading edge? 

 

We love to hear what you think, so drop a comment below or on YouTube!

 

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



Into this episode? Please leave a review on iTunes.


Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen
Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Ep 218: Short Cuts: Tim + Stephen Take on 4 Hot Trading Themes https://www.steadytrade.com/ep-218-hot-trading-themes/ https://www.steadytrade.com/ep-218-hot-trading-themes/#respond Tue, 21 Sep 2021 11:00:09 +0000 https://www.steadytrade.com/?p=3495 Four times the pleasure — today’s episode is a series of mini-episodes focused on hot trading themes!    The challenge? Keep each topic to five minutes. What do you think … Can co-host Tim Bohen stick to just five minutes per subject without running over?    Stephen Johnson has his doubts, and Kim Ann Curtin […]

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Four times the pleasure — today’s episode is a series of mini-episodes focused on hot trading themes! 

 

The challenge? Keep each topic to five minutes. What do you think … Can co-host Tim Bohen stick to just five minutes per subject without running over? 

 

Stephen Johnson has his doubts, and Kim Ann Curtin isn’t around this week to keep things on topic.

 

Don’t make a drinking game of it … The SteadyTrade Podcast is NOT responsible if you need your stomach pumped! 

 

Don’t miss these four hot trading themes.

 

Topic 1: The Return of Meme Stocks

What a way to kick off hot trading themes … Remember AMC Entertainment Holdings Inc. (NYSE: AMC)? It’s had multiple crazy runs.

 

Near the recording date of this episode, AMC had just jumped from $37 to $48. But is the comeback for real? 

 

Tim and Stephen discuss AMC’s crazy trajectory. 

 

No, the long-term prospects aren’t great for this company, but that doesn’t mean there won’t be future moves. Remember: if it’s a true resurgence you don’t have to be there on day one. You can trade on day two, three, four…

Topic 2: NFT Comeback

Speaking of comebacks, what’s the deal with non-fungible tokens (NFTs)

 

According to Tim, the sector kind of warmed up — but then meme stocks pushed it aside. It was over before it began. But he still thinks there could be a real NFT run in the near future.

 

Case in point? Former runner Takung Art Co Ltd. (NYSEAMERICAN: TKAT) had a nice red-to-green move on August 25, 2021. 

Tim and Stephen might not understand what NFTs are. But they understand that, like Beanie Babies, they have serious potential for mania. Don’t miss their thoughts on this still-promising sector.

Topic 3: Part-Time Trading 

Up next on today’s hot trading themes, Tim and Stephen discuss approaches that let you trade smarter without necessarily working harder. 

 

One thing they both agree on? Traders must establish a checklist for determining the quality of potential trades.

 

Will a checklist turn you from a money-losing trader to Paul Tudor Jones? Nope. But it will force you to be a better and more responsible trader. If you can build those reps and form good habits and minimize mistakes, there is less potential for disaster…

Topic 4: Lifestyle 

If you follow Tim on social media, you’ve probably seen him post about something called 75 Hard. 

 

No, he’s not becoming an exotic dancer. It’s a 75-day program of mental and physical training. It includes two 45-minute workouts per day, a certain amount of reading per day, adherence to a diet, and avoiding alcohol. 

 

How’s it going? How’s it affecting his training? And most importantly, how epic will his cheat day be at the end of it? 

Thoughts or Comments on These Hot Trading Themes? 

What did you think of the hot trading themes in this mini-episode format? 

 

We love to hear what you think, so drop a comment below or on YouTube!

 

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

 

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

 

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.



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Ep 217: Serious As a Heart Attack: How to Focus for Next-Level Trading https://www.steadytrade.com/next-level-trading/ https://www.steadytrade.com/next-level-trading/#respond Tue, 14 Sep 2021 11:00:09 +0000 https://www.steadytrade.com/?p=3490 There comes a time when every trader must put down their YOLO hat and ask if they’re ready for next-level trading… This week SteadyTrade hosts Kim Ann Curtin and Stephen Johnson return with part 3 of their four-part series on common trading mistakes.  It’s great to have enthusiasm. If you’re not passionate about what you […]

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There comes a time when every trader must put down their YOLO hat and ask if they’re ready for next-level trading…

This week SteadyTrade hosts Kim Ann Curtin and Stephen Johnson return with part 3 of their four-part series on common trading mistakes. 

It’s great to have enthusiasm. If you’re not passionate about what you do, you won’t last long, especially in trading…

But there’s a difference between passion and recklessness. 

Kim and Stephen journey through the challenges traders face when they realize trading’s not as easy as they thought.

Tune in now to find out how to overcome harsh trading truths and breakthrough to next-level trading. 

Next-Level Trading Takes Hard Work

There’s no secret to success. It requires commitment, determination, and having the right people in your corner. 

Stephen relishes being a full-time trader. It’s not about the profits for him. He loves to study the markets and play the game. He looks forward to getting up every day to do it all over again. 

That’s next-level trading

Kim applauds Stephen’s commitment. She wants to know the questions traders should ask themselves before they decide to commit…

How can traders know if they have what it takes to make it past the cakewalk of a hot market? Listen in as Stephen shares a powerful tip to find out if you’re cut out for next-level trading.   

Why You Need Realistic Expectations

Kim wants all traders to start with realistic expectations. She sees the opposite happen all the time. 

Newbie traders come in with ideas of making fast money. They think they can study for a short time and master the markets. 

When things don’t go their way, their inner gremlins convince them they’re not good enough. Then they quit. 

Stephen thinks WallStreetBets and the GameStop Corp. (NYSE: GME) breakout gave traders the wrong idea. Check out the full episode for Stephen’s solution for setting realistic goals.

Next-Level Trading = Commitment 

Kim thinks that new traders have less caution and respect for the markets.  

And Stephen believes that how you behave in the markets is a reflection of how you treat yourself. So you can make a lot of plans … but it’s up to you to keep your word when the heat is on

Next-level trading requires self-trust and self-respect. You have to stay focused on solutions, even when you feel down. 

After all, if you can’t count on yourself to follow through, who can you count on?

Stephen says many traders think success comes from intelligence, but next-level trading is all about resilience

In this episode, Stephen shares how he changes his game when he gets comfortable and sloppy. Tune in!

What Do You Think?

How do you stay focused? And what’s your trading approach — more fun or super serious?

We love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 216: Dedicated to the Grind: The TRUE Secret to Trading Longevity https://www.steadytrade.com/episode-216-trading-longevity/ https://www.steadytrade.com/episode-216-trading-longevity/#respond Tue, 07 Sep 2021 14:35:37 +0000 https://www.steadytrade.com/?p=3476 Most newbie traders enter the game hoping to make a quick buck, but do they have what it takes to build trading longevity? This week, hosts Tim Bohen and Stephen Johnson tackle a topic that’s hard for most people to accept — how much hard work it takes to succeed.  Some trading ‘gurus’ want to […]

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Most newbie traders enter the game hoping to make a quick buck, but do they have what it takes to build trading longevity?

This week, hosts Tim Bohen and Stephen Johnson tackle a topic that’s hard for most people to accept — how much hard work it takes to succeed. 

Some trading ‘gurus’ want to make trading look easy. So when you’re new and don’t know better, you might mistake quick gains for real skills. If you keep trading, you’ll learn the truth… 

Successful long-term trading takes dedication. You have to show up every day. No exceptions.

Tune in to this week’s episode to find out how to bring your A-game to trading every single day!

How Much Grind Does It Take to Succeed? 

Everyone wants trading longevity. They want consistent rewards from the market. But they don’t want to put in the blood, sweat, and tears to make their dreams a reality. 

Wouldn’t it be nice if tendies could just fall from the sky?

That’s just not going to happen. The good news is that things can get better over time — but you must be willing to put in the work.  

Tune in to the episode to find out how many hours Stephen put into his trading plans when he started out. And check out how much time it takes him now that he’s established trading longevity. 

Why Build Trading Longevity?

Trading longevity doesn’t come naturally to a lot of people. That’s why most traders fail. But it IS possible for more traders to succeed with the right mindset

Motivation varies depending on where you are in life. Bohen already had a family when he started trading. He wanted to succeed for them as much as for himself. He also had a natural passion for the market.

For Stephen, it was all about freedom. He wanted to make his own schedule, make office life optional, and answer to himself. 

Once you decide to build trading longevity, it’s important to know what to expect. Tim and Stephen go over the number-one mistake new traders make and how to stop making it!

Do You Have a Trading Community?

In trading and in life, nobody wants to go it alone. Sure, we all like our space and the freedom to build our own schedule … But we still need a community of peers. 

Stephen says staying in touch with a trading community is one key to trading longevity. He checks in with other traders to see how they feel about current market conditions. 

Getting validation from peers can help any trader feel more confident. 

Check out the episode to learn more about community, market changes, the best times for longs and shorts, and a top tip for trading longevity.

What Do You Think?

Do you plan to trade for the long haul? How much grind time do you put into each trading day?

We love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 215: Addicted to Trading: Identify Your Demons Before You Hit Rock-Bottom https://www.steadytrade.com/episode-215-addicted-to-trading/ https://www.steadytrade.com/episode-215-addicted-to-trading/#respond Tue, 31 Aug 2021 11:00:19 +0000 https://www.steadytrade.com/?p=3463 There’s something many newbie and veteran traders have in common — they’re addicted to trading. It’s all too easy to fall into the trap. Hosts Kim Ann Curtin and Stephen Johnson continue with part two of their four-part series on common trading errors.  This episode gets into what happens when we lose discipline and fall […]

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There’s something many newbie and veteran traders have in common — they’re addicted to trading. It’s all too easy to fall into the trap.

Hosts Kim Ann Curtin and Stephen Johnson continue with part two of their four-part series on common trading errors. 

This episode gets into what happens when we lose discipline and fall into overtrading. Look, trading’s fun … It’s easy to get addicted to trading. But sometimes we regret it afterward.

We can start the day with the best intentions, all the confidence in the world, and the experience to know better … But if we’re not careful, we can still wind up chasing a trade. 

Tune in to this week’s episode to find out why it happens and how to take back control of your trades. 

Why Do We Get Addicted to Trading? 

Kim’s on a mission to help traders understand their real needs. She believes there’s something deeper we’re looking for when we get addicted to trading. 

Stephen sees things a bit differently. He says traders get complacent — they get numb to money. They don’t really feel the loss of $300 on a bad trade. But if it came from a job, they’d see that it could go a long way. 

Kim and Stephen agree that trading gives a dopamine rush. And Stephen compares the habit to eating junk food when you’re on a diet. Sometimes it feels good, and sometimes it doesn’t. 

Tune in to find out the number-one question Kim wants traders to ask themselves after bad trades.

 

Is Trading the Ultimate Thrill?

Stephen says nothing compares to the feeling of nailing a trade. There’s no substitute way to get that need met. 

Kim accepts that Stephen’s addicted to trading on another level. But she prompts him to think about successful trades differently. 

Stephen says the unpredictability of the market lures you into making poor trades. Discipline isn’t always rewarded. Sometimes it’s up to chance and you want to try your luck. 

Stephen’s a tough nut to crack but Kim doesn’t back down. She tells a powerful story of a couple of adventure-seeking clients she helped to recognize when they were overtrading.

What’s Really Going On?

Kim reminds us that quality work takes focus. To accomplish that, she shares advice from a treasured book: “Do Nothing: How to Break Away from Overworking, Overdoing, and Underliving” by Celeste Headlee. 

Stephen understands the need for a dopamine detox. He literally dives into cold water to get back in the present moment. He says you forget you’re addicted to trading when your mind’s focused on how cold you are. 

Kim offers up a few of her favorite activities to renew, refresh, and reboot her mind. And they’re much more relaxing than an ice bath.


Plus, Kim and Stephen close out the show with an effective way to learn from your mistakes without triggering your defensive side. You’ll want to learn this Jedi mind trick! 

What Do You Think?

Are you addicted to trading? When do you make your best and worst trades? Does your intuition match your trading plan?

We love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

 

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

The post Episode 215: Addicted to Trading: Identify Your Demons Before You Hit Rock-Bottom appeared first on SteadyTrade.com.

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Episode 214: What Really Works? Directionless Trading vs. Developing a Strategy https://www.steadytrade.com/episode-214-developing-a-strategy/ https://www.steadytrade.com/episode-214-developing-a-strategy/#respond Tue, 24 Aug 2021 11:00:01 +0000 https://www.steadytrade.com/?p=3457  Can you succeed as a trader without developing a strategy?  Hosts Kim Ann Curtin and Stephen Johnson start a four-part series to address common trading errors.  In this episode, it’s all about approach. Some newbie traders start out trigger-happy. They hope their instincts will be enough to succeed in trading right from the start. […]

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Can you succeed as a trader without developing a strategy? 

Hosts Kim Ann Curtin and Stephen Johnson start a four-part series to address common trading errors. 

In this episode, it’s all about approach. Some newbie traders start out trigger-happy. They hope their instincts will be enough to succeed in trading right from the start. Stephen admits he was like that.

Others are gun-shy … They study a lot and still don’t feel like they have enough knowledge. But if they don’t make trades, they can’t build good instincts for the market. Kim feels this way about her own trading habits.

No matter where you fall on this spectrum, tune in to the episode to learn how to break the habit of directionless trading. Start developing a strategy that works for you. 

Stop Directionless Trading 

Kim’s on a mission to stop traders from trading blindly. She sees the emotional and psychological toll that takes. That’s why she created her Trading EQ course. 

If traders keep trading and losing without developing a strategy, they can feel defeated. And it often takes a lot of work to climb out of the hole.  

Stephen agrees that developing a trading strategy is key to successful trading. But he disagrees with Kim about avoiding losses. He takes a different approach to the emotional ups and downs of trading…

Check out the episode to find out how Stephen flipped the script on big losses to become a better trader. 

Is Developing a Strategy Enough?

Most traders won’t succeed without developing a strategy … But is a solid strategy all it takes to succeed? What about trading emotions

Trading is tough. Both Kim and Stephen can attest to that. Stephen accepts that feeling low about a loss will happen at some point.   

So is there a way to protect your profits when emotions get the best of you? 

You bet! Stephen asks a powerful question before taking every trade. Find out what it is and why he says 50% of traders wouldn’t be able to answer it. Plus, he shares his top five reasons for entering a trade. 

 

Remember to Ask for Help

It’s easy to get carried away when you’re trading by yourself. And it’s hard to see your own mistakes. 

Stephen says it’s super important to find a mentor early on. If you don’t know why your trade failed, ask a veteran trader. That can be key to developing a strategy that works.  

Kim and Stephen get into some strategies that help top traders deal with losses and stay profitable. 

Stephen sees trading as a sport … He closes the episode with the most important lesson he learned from Michael Jordan that put him on the path to winning trades.

Dig into the episode to hear Stephen’s tip that can help traders at every level

What Do You Think?

Are you a trigger-happy or gun-shy trader? Where are you in developing a strategy? Have something you’d like to ask a trading mentor?

We love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Learn from Kim!

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 213: Check It Before You Wreck It: The Account-Saving Art of Paper Trading https://www.steadytrade.com/episode-213-art-of-paper-trading/ https://www.steadytrade.com/episode-213-art-of-paper-trading/#respond Tue, 17 Aug 2021 11:00:32 +0000 https://www.steadytrade.com/?p=3452 Some traders don’t realize how important paper trading is until it’s too late. Hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen want to make sure you’re not one of them.  They know your hard-earned money is precious. You trade to make more tendies, not to lose the ones you already have. And you hustle […]

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Some traders don’t realize how important paper trading is until it’s too late.

Hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen want to make sure you’re not one of them. 

They know your hard-earned money is precious. You trade to make more tendies, not to lose the ones you already have. And you hustle to squeeze trading time into your busy schedule and study up on top strategies. 

But even after you put in the screen time, study time, and cold hard cash … success isn’t guaranteed. This week’s episode focuses on a crucial step that a lot of traders skip: paper trading. 

Find out how this underappreciated art form can fast-track your learning and save your account at the same time. 

Test New Strategies With Paper Trading

Everyone wants to find a shortcut on the road to success. Bohen says he’s waiting for the day that Elon Musk can plant a Neuralink chip in his brain that tells him what WallStreetBets is up to next.  

But until technology can make us all telepathic traders, it’s best to start with small, achievable goals. That’s where paper trading comes in. 

Kim’s blown away by all the meme stock moves lately. She thinks it’s wild and wonders how traders can get an edge. 

Bohen lays out the mindset it takes to make it as a trader in today’s market — he shares what you need to know before you start paper trading!

Is There an Art to Paper Trading?

Stephen struggled to keep his account profitable for a while. He says he knocked thousands of dollars off in terrible trades. He thought paper trading was for chumps. Until something changed his mind for good…

Kim’s impressed with Stephen’s ability to pivot. She says people with strong opinions have a hard time being more flexible. And she shares exactly why flexibility is a key driver of success — in trading and in life.   

Bohen wants to hear more about Stephen’s new paper trading system. There’s one major tweak Stephen made that took his trades to the next level. And it’s something Kim and Tim had never heard of before!

Stephen’s excited to share his ingenuity. His tips and tricks were game-changers when he crossed over to long trades. Find out exactly how he used paper trading to succeed with long strategies after years of short-biased trading.  

Paper Trading Gives You Perspective

Bohen’s been around a long time. He’s seen many newbie traders follow the wrong teachers on social media. They use real money instead of paper trading, and they blow up their accounts. Then they quit for good.

Bohen hates seeing that happen … He wants traders to stay in the game and love it as much as he does. He goes into one key strategy that can help newbie traders protect their accounts

Plus, he shares how long you should test a new strategy for … and the next step to take after you succeed with paper trading. 

Kim and Bohen close out the program with their best advice for transforming your relationship with money. You won’t want to miss their words of wisdom.

What Do You Think?

Have you tried paper trading? Did it help you improve your process? What did you learn about trading?

We love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

The post Episode 213: Check It Before You Wreck It: The Account-Saving Art of Paper Trading appeared first on SteadyTrade.com.

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Episode 212: Strategic Side Hustles: Why Diversification is Crucial for Traders https://www.steadytrade.com/episode-212-strategic-side-hustles/ https://www.steadytrade.com/episode-212-strategic-side-hustles/#respond Tue, 10 Aug 2021 11:00:07 +0000 https://www.steadytrade.com/?p=3448 Do you have a strategic side hustle? Hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen tackle the importance of a great side hustle — or two. And how it can make you a better trader.  Many traders start with the desire to trade full-time and quit their day jobs. But they don’t think about […]

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Do you have a strategic side hustle?

Hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen tackle the importance of a great side hustle — or two. And how it can make you a better trader. 

Many traders start with the desire to trade full-time and quit their day jobs. But they don’t think about keeping a side hustle.  

Stephen and Tim both swear by the side hustle lifestyle. They say it makes them more confident traders. When you don’t need a trade to succeed to feed yourself and put a roof over your head, you can trade with a clearer mind. 

Kim’s all for the side hustle mentality. She gets into the psychology of having multiple sources of income. And why diversifying your work helps you make smarter choices. Hear the gang’s tips and strategies in this week’s episode…

Modern Life Is Ideal for Side Hustles

Bohen’s amazed by the opportunities available to traders these days. If you want to trade as a side hustle, there are many tools out there … Mobile apps, free brokerage accounts, unlimited access to information, and even crypto. 

Stephen agrees. He says all these tools make it possible for traders to become digital nomads — and reduce their overhead in the process. He, himself, has been eyeing coworking spaces and rentals abroad in Bali, Indonesia… 

Kim can’t believe the cost of living in that region. She spent a big chunk of her career in New York City, and the price to rent anything there comes at a premium.  

Find out how many side hustles Stephen has and how they’ve shaped him into a consistently profitable trader.*

Side Hustles Take Time to Succeed

Stephen says you likely won’t be profitable right away. Like any venture, side hustles require hard work. He shares how many years it took him to find success in trading

Kim agrees. She reminds people not to compare themselves to others. Everyone’s journey is unique, and so is their timeline. She shares a story about what helped one TikToker finally succeed after many years of trying. 

Bohen recognizes that some people aren’t financially ready to trade right away. He wasn’t fully ready when he started either. And he shares a strategy for using payment plans to build your trading account over time. 

Plus, Kim shares the story of a risk she took pitching herself to someone famous when she started her business. 

Side Hustles Make You Well-Rounded 

Kim’s all for having multiple side hustles. She thinks working in other industries keeps you informed and makes you a better trader. She recommends people read “Linchpin: Are You Indispensable?” by Seth Godin to learn how valuable that is. 

(As an Amazon Associate, we earn from qualifying purchases.)

Bohen agrees. He’s impressed with Sean Flores’ artwork side hustle. And that he still shows up every morning on Bohen’s Pre-Market Prep.

Stephen mentions that even big-time traders like Bryce Tuohey and Matt Monaco keep side hustles going because they never know if they’ll have a dry streak or the market will slow. 

Plus, find out the formula he uses to invest as much time in himself as he does in his employer’s future… 

What Do You Think?

Do you have a side hustle — or a few? How does having another source of income affect your trading? Do you want to be a full-time trader?

We love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Resources

Stout, Lynn A., The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public, Berrett-Koehler Publishers, First Edition, 2012.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

The post Episode 212: Strategic Side Hustles: Why Diversification is Crucial for Traders appeared first on SteadyTrade.com.

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TWIST: Find Your “Aha” Moment(s) https://www.steadytrade.com/twist-find-your-aha-moments/ https://www.steadytrade.com/twist-find-your-aha-moments/#respond Sat, 07 Aug 2021 13:00:25 +0000 https://www.steadytrade.com/?p=3444 Every trader has at least one…  Most successful traders have many over the course of their careers.  So what’s an ‘aha’ moment?  For some, it could be as simple as learning a new trading strategy. And for others, it may be as painful as blowing up their first trading account.  That’s the beauty of it […]

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Every trader has at least one… 

Most successful traders have many over the course of their careers. 

So what’s an ‘aha’ moment? 

For some, it could be as simple as learning a new trading strategy. And for others, it may be as painful as blowing up their first trading account. 

That’s the beauty of it … It’s completely unique to each trader and totally dependent on where they are in their trading journey. 

That’s why two of your TWIST hosts,  Matt Monaco and Kyle Williams, sat down with new trader Jantzen. This trader is still in his first year of Timothy Sykes’ Trading Challenge. 

Together, these three traders break down their recent trades. And Jantzen flips the script on the veteran TWIST traders to ask them crucial questions about their early years. 

Make sure you watch today’s entire episode! It’s packed with trading gems and tips.

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Episode 211: Nature vs. Nurture: Are Great Traders Born or Self-Made? https://www.steadytrade.com/episode-211-great-traders/ https://www.steadytrade.com/episode-211-great-traders/#respond Tue, 03 Aug 2021 13:00:33 +0000 https://www.steadytrade.com/?p=3436 What does it take to be a great trader? That’s at the core of this week’s episode of the SteadyTrade with Kim Ann Curtin, Stephen Johnson, and Tim Bohen. Stephen and Tim take a different approach to greatness. And Kim lends her perspective as a Wall Street Coach extraordinaire.  Are great traders born … or […]

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What does it take to be a great trader?

That’s at the core of this week’s episode of the SteadyTrade with Kim Ann Curtin, Stephen Johnson, and Tim Bohen.

Stephen and Tim take a different approach to greatness. And Kim lends her perspective as a Wall Street Coach extraordinaire. 

Are great traders born … or can anyone become one? Bohen shares his theory on what makes humans want to be great. 

Stephen thinks we all should do one hard thing every day. And he shares the story of a climber who curbed his anxiety for good. Tune in for a great discussion. Here are the highlights…

Great Traders Stay Hungry

Kim says there’s something about being fresh, hungry, innocent, and naive. It makes you want to try harder to become a better trader. 

Stephen misses those days. He says he’s not as hungry as he once was. He’s content with what he has. And that’s a good thing. But can a great trader be even greater if they keep striving

Bohen thinks so. He says he’s powered by hate for mediocrity. He never wants to be a couch potato watching reruns on TV.

Find out Stephen’s theory on how much of a person’s personality is changeable. And hear Tim’s theory on maximizing human potential. That’s good stuff every great trader should learn!

 

Great Traders Take Gains 

Stephen warns traders who chase parabolic breakouts into halts: Don’t go for the home run. He thinks today’s runners can get in the way of creating great traders

Bohen doesn’t mind the excitement of multiple halts. He offers key tips for entering and exiting trades that take off. 

Plus, Stephen shares his strategies for deciding whether to long or short in the morning.  

Then Kim asks Tim to speculate on the next three market cycles. Every trader will want to hear his answers!

Are Great Traders Born or Made? 

Kim says everyone needs support to become great … But Bohen challenges her to explain how Navy SEAL and author David Goggins overcame his abusive childhood to achieve greatness.

Stephen thinks David Goggins was motivated by pain, and that his genes from his alpha dad made him push himself harder. 

Can you become a great trader without support? Is motivation all you need?

Bohen thinks Goggins is a stellar example of someone who can find opportunity anywhere. Find out how he inspires Bohen to be a great trader… 

What Do You Think?

What’s your stance on great traders? Are they born or self-made? How do you stay hungry to win?

We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

 

 

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 210: Risky Business: How to Keep Your Cool When Trades Get Hot https://www.steadytrade.com/episode-210-nature-vs-nurture/ https://www.steadytrade.com/episode-210-nature-vs-nurture/#respond Tue, 27 Jul 2021 11:00:35 +0000 https://www.steadytrade.com/?p=3425 Do you like risky trades?   Traders usually have an appetite for risk. But do you bite off more than you can chew?    This week’s episode of SteadyTrade with Kim Ann Curtin, Stephen Johnson, and Tim Bohen tackles the ins and outs of managing risky trades.   It’s not just about technical skills … […]

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Do you like risky trades?

 

Traders usually have an appetite for risk. But do you bite off more than you can chew? 

 

This week’s episode of SteadyTrade with Kim Ann Curtin, Stephen Johnson, and Tim Bohen tackles the ins and outs of managing risky trades.

 

It’s not just about technical skills … you have to be honest with yourself. How much willpower do you have? Should you outsource risk management to your broker? 

 

Stephen and Tim have opposite views of risky trades. And Kim breaks down why each one’s process is the right one for them. Tune in to find out which strategy works best for you…

Can You Profit from Risky Trades? 

Stephen says there are many consistent short sellers on the internet but not many consistently profitable ones. It only takes one big miss to wipe out your gains. That’s the danger with risky trades…

 

Bohen thinks newbie traders who don’t take time to learn basic rules are part of the problem. He breaks down the difference between a cash account and a margin account. And how each one can impact your trading.

 

Kim thinks Bohen’s passion is hysterical. He pulls no punches when it comes to the mistakes that drive him mad.

 

Find out how many years it took Tim to build discipline around risky trades…

Risky Trades: What’s YOUR Number? 

Tim and Stephen want to know each other’s numbers — their max loss numbers. Tim calls it your “oh s***” number. Find out where they each draw the line on losses… 

 

Kim mentions her Trading EQ course helps with self-control. She says new traders often assume they’ll be cool as a cucumber when they take risky trades, but there’s a scientific reason why they mess up. 

 

Plus, find out what she says happens to our emotions when we size up in a trade. And how we can put ourselves back in control of them. 

Who’s Responsible for Risky Trades?

Stephen admits he hands responsibility over to his broker when he takes risky trades. He discusses the different types of loss limits brokers can impose, and the penalties you get if you don’t use their system correctly.

 

Bohen is passionate about the DIY approach to self-control. He refuses to give the key away to someone else. He thinks building your own discipline is the only way to go. 

 

Kim says ego is often the reason traders lose control of risky trades. They think the trade should go a certain way but won’t accept reality when it doesn’t.

 

She ends the show with strategies for managing risky trades. You don’t want to miss that advice!

What Do You Think?

Do you like taking risky trades? Have you built up good discipline? Do you manage your own risk or let a broker do it for you?

 

We’d love to hear what you think, so drop a comment. 

 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

 

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

 

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

 

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 209: Long vs. Short: What’s the Best Market Strategy for You? https://www.steadytrade.com/episode-209-long-vs-short/ https://www.steadytrade.com/episode-209-long-vs-short/#respond Mon, 19 Jul 2021 21:24:04 +0000 https://www.steadytrade.com/?p=3415 In this week’s episode of the SteadyTrade podcast, can hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen put the long vs. short debate to rest once and for all? Stephen and Tim defend their sides with passion … Kim’s in the middle asking thoughtful questions. She gets the guys to share the most important […]

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In this week’s episode of the SteadyTrade podcast, can hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen put the long vs. short debate to rest once and for all?

Stephen and Tim defend their sides with passion … Kim’s in the middle asking thoughtful questions. She gets the guys to share the most important things to consider when you trade long vs. short. 

Does one strategy give traders better odds from the start? Stephen thinks so … and he shares some amazing statistics to back up his choice. 

Bohen advocates his side with plenty of real-life stories. And he’s got lots of wisdom of his own. So which strategy does he recommend? He holds nothing back in this week’s podcast. 

Long vs. Short: Which Strategy Is Better? 

Stephen’s on a mission to convert newbies to the short side. He says there’s a statistical advantage to starting off short and shares tips for navigating the short road in today’s market.

That gets Bohen fired up. He doesn’t want anyone starting out on the short side. Find out why he thinks the short mentality can keep you trapped in losing trades. 

Stephen argues most of the famous traders on Twitter made their money by shorting, although he admits there are some challenges for newbies trying to short. Tune in for more on that!

A Trader Toolkit for Every Strategy

Kim wants to know if the guys have a message to their past selves when they were just getting started in the game…

You gotta hear Stephen’s message — it’s inspiring. And he shares the skinny on how to know when you’ve made it. 

Bohen champions the long side of the long vs. short debate. And he’s got a warning for newbie traders … it comes from his own experiences. Don’t say he didn’t warn you!

Plus, Stephen steps in with a killer strategy for catching breakouts before they pop. You’ll want to study up on his hot tips! Don’t miss this episode.

What Do You Think?

What’s your stance on the long vs. short debate? Do you have a long bias or a short bent? Has your preference changed over time?

We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 208: Build Your Rock-Solid Trading System for Any Kind of Market With Brian Lee https://www.steadytrade.com/episode-208-brian-lee/ https://www.steadytrade.com/episode-208-brian-lee/#respond Tue, 13 Jul 2021 14:15:59 +0000 https://www.steadytrade.com/?p=3411 In this week’s episode of the SteadyTrade podcast, hosts Kim Ann Curtin and Stephen Johnson welcome Brian Lee — a full-time trader making big waves!  Brian came to trading from the world of professional gaming. Today, he’s a full-time trader shorting small-cap stocks. But, like any trader, Brian didn’t have a smooth ride to the […]

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In this week’s episode of the SteadyTrade podcast, hosts Kim Ann Curtin and Stephen Johnson welcome Brian Lee — a full-time trader making big waves! 

Brian came to trading from the world of professional gaming. Today, he’s a full-time trader shorting small-cap stocks.

But, like any trader, Brian didn’t have a smooth ride to the top … He suffered a six-figure loss in 2017.

That prompted him to change his risk management strategy and implement a system to keep bad habits in check. 

Tune in to find out the ins and outs of Brian Lee’s system. 

Brian Lee’s Trading System Tip #1: Make Mistakes First

Brian’s heard all kinds of questions from traders who want to copy his success. So Kim’s curious to know if there’s anything that gets under his skin … She asks him which newbie questions drive him crazy. 

His number one pet peeve? Traders who get ahead of themselves.

Brian explains why … and talks about the most important lessons to learn from your mistakes.

They discuss the learning curve in dealing with unpredictable catalysts, being able to spot patterns, and making sense of what works best for you. The ultimate goal is to develop consistency

Guess how much screen time the successful traders he knows put in to get ahead? Spoiler: it’s a lot.

Plus, find out the most common newbie mistakes to avoid … Don’t miss this!

Brian Lee’s Trading System Tip #2: Find Your Best System

Like Brian, every trader experiences big losses at some point. 

Stephen was three to four years into trading when he experienced his biggest loss.

Stephen asks Brian what led up to his big loss — and Brian holds nothing back. He’s made all the rookie mistakes!

He started out with the usual bad habits. That includes thinking he could wake up a half-hour before the open, trade for five minutes, and make a good living. 

But there’s a LOT more to trading than he first realized. Especially as a short-biased trader

They discuss the strategy he used to turn his trading account around. And Brian shares the risk/reward formula he sticks with no matter what. He even asks his broker to hold him accountable to it…

Brian Lee’s Trading System Tip #3: Adapt to New Markets

It’s easy to get used to things. Especially when things go well. Traders want to believe that once they figure things out, they’re set. But what happens when things change? 

Any trader who’s been around a while knows that market cycles can change quickly — and they develop an intuition for when it might happen next. Find out what Brian thinks is the right time for newbie traders to learn about market cycles.  

Plus, Stephen shares what he learned about Tim Grittani — an exceptional day trader with seven-figure profits.* Grittani realized if he didn’t take a vacation from trading after reaching his burnout point, he’d start losing. 

Brian says it’s important to remind yourself why you’re trading to avoid that burnout point. What’s driving you: money or freedom? 

Still have some degenerate tendencies? Check out Brian’s tips on how to trade the right way and stop gambling for good.

What Do You Think?

How confident are you in your trading system? What do you think about Brian Lee and his trading journey?

We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our guest and hosts on social media…

Brian Lee

Twitter: @BrianLeeTrades

Linktree: @BrianLeeTrades

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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TWIST: Trading Singles With the Trio https://www.steadytrade.com/trading-singles/ https://www.steadytrade.com/trading-singles/#respond Thu, 08 Jul 2021 18:27:54 +0000 https://www.steadytrade.com/?p=3404 It’s July, and we’re officially halfway through 2021! How’s our TWIST trio — Matthew Monaco, Kyle Williams, and Jack Kellogg — doing in this summer market? Expectations are typically pretty low this time of the trading year. However, the stock market is NOT the same in 2021 as it was in 2019… Days off aren’t […]

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It’s July, and we’re officially halfway through 2021! How’s our TWIST trio — Matthew Monaco, Kyle Williams, and Jack Kellogg — doing in this summer market? Expectations are typically pretty low this time of the trading year. However, the stock market is NOT the same in 2021 as it was in 2019… Days off aren’t as easy to come by.

That can be great news for traders — there’s still plenty of opportunity. But the patterns have changed. Meme stonks recently had our TWIST traders in the home-run mentality. Find out what this summer market is all about (at least for now 😉)…

Tune in as our TWIST trio break down their recent trades on $NEGG, $DTST, $NLST, and $DPLS.

🚨Follow your hosts on Twitter to keep tabs on their trading journeys:

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

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Episode 207: Rock Star Trading at Every Level: Kim Ann Curtin’s Trading EQ https://www.steadytrade.com/episode-207-trading-eq/ https://www.steadytrade.com/episode-207-trading-eq/#respond Tue, 06 Jul 2021 14:30:37 +0000 https://www.steadytrade.com/?p=3401 This week, our rock star hosts Tim Bohen, Stephen Johnson, and Kim Ann Curtin are back — sharing their best tips on trading EQ. Kim has a special reveal in this episode ... She’s launching a new course called Trading EQ.  What’s trading EQ? It’s the emotional intelligence you need as a trader at every […]

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This week, our rock star hosts Tim Bohen, Stephen Johnson, and Kim Ann Curtin are back — sharing their best tips on trading EQ.

Kim has a special reveal in this episode ... She’s launching a new course called Trading EQ

What’s trading EQ? It’s the emotional intelligence you need as a trader at every level. 

Many traders start with big hopes and even bigger dreams. Excitement’s a great motivator. But it’s the setbacks and lessons along the way that can teach us how to keep going. 

Kim wants to help traders capitalize on their mistakes. 

When your momentum hits a wall, you realize you need a process to stay in the game. That’s especially true if you feel upset about a loss. 

Find out how Kim, Stephen, and Tim made it through the rough patches in their careers and came out ahead. This episode is full of valuable tips you won’t find anywhere else. Tune in!

The Power of Your Trading EQ

A lot of traders want to conquer their emotions. But they aren’t in touch with their trading EQ. Ever heard the phrase “know your enemy?” 

Emotions aren’t really your enemy, but if you want to conquer them, you have to know them first. 

Stephen gets it. He says, “Nothing defines a person more than surviving five years of trading. Trading makes or breaks you. Any psychological help will make a significant difference.” 

Bohen shares the story of a Twitter trader who’s missing his trading EQ. These kinds of traders make all the wrong market moves! Maybe you’ve made some of them yourself…

Kim shares a key reason why humans struggle like this. She observes how dogs process changes in their environment. There’s a reason they don’t get stuck in harmful patterns like humans do.

So why can’t humans outwit their K-9 friends? In this episode, Kim shares special insights — find out how to apply them to impact your trading EQ in a positive way. 

Your Trading EQ Fuel Check

You have to know what you’re bringing to the laptop when you trade. Kim wants you to check yourself before you wreck yourself. Well, maybe she phrased it a little differently.

The team wants to hear more about her program and secret framework for improving your trading EQ. Kim says her program is jam-packed with valuable resources and even shares a few sneak peeks. 

For one, she wants every trader to start the day with the right mindset. And Kim wants traders to know what to look for before sitting down to trade. 

So what makes a great trader? Hint: it has nothing to do with winning or losing

Kim shares a helpful way to separate the mistakes you make from your value as a person. Tune in to learn how to use your mistakes to become a better trader.

Mistakes Make You a Better Trader

Stephen took two big losses this year. But these days, when he suffers a loss, he says “good.” He knows it’s an opportunity to see his mistakes clearly and improve. 

The ability to grow and expand his trading EQ fulfills him. But it’s not easy to adopt this mindset. 

Bohen knows this firsthand. He sees traders who fear risk. They criticize everything because they don’t want to take a chance. But you have to get your feet wet to improve your trading EQ.

Kim says you have to learn that your personal value doesn’t go down when you make a mistake. Think of traders who dream of Lambos but don’t know why they want them. 

She helps traders stop comparing themselves to others — and start seeing the unlimited possibilities in the market. 

But the work doesn’t stop when you become your best self. Then you’ll worry about how the people in your life will react to the new you. Kim shares excellent strategies to curb the fear of success in this week’s episode.

What Do You Think?

How’s your trading EQ? Do you go through a mental checklist before you sit down to trade? What have you learned from previous trading mistakes? 

We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Learn More

Ready to dive into Kim Ann Curtin’s Trading EQ course? Find out more here!

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: 6 & 7 Figure Trader Roundtable https://www.steadytrade.com/twist-6-7-figure-trader-roundtable/ https://www.steadytrade.com/twist-6-7-figure-trader-roundtable/#respond Thu, 01 Jul 2021 19:17:52 +0000 https://www.steadytrade.com/?p=3398 For the last 2 weeks, StocksToTrade hosted a trader mastermind event… All of Tim Sykes’ top students, including:  Matthew Monaco Kyle WIlliams Jack Daniels  Jack Kellogg  Mariana Hincapie   Bryce Tuohey  Roland Wolf John Papa And many others were in Austin, Texas.  With their jam-packed schedules, two-thirds of the TWIST team was able to sit down […]

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For the last 2 weeks, StocksToTrade hosted a trader mastermind event…

All of Tim Sykes’ top students, including: 

  • Matthew Monaco
  • Kyle WIlliams
  • Jack Daniels 
  • Jack Kellogg 
  • Mariana Hincapie  
  • Bryce Tuohey 
  • Roland Wolf
  • John Papa

And many others were in Austin, Texas. 

With their jam-packed schedules, two-thirds of the TWIST team was able to sit down with Sykes and some of his other top students for a roundtable discussion. 

This episode is full of questions from the LIVE Trading Mastery event. 

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Episode 206: Read the Room: Peter Atwater on Identifying Market Moods https://www.steadytrade.com/episode-206-peter-atwater/ https://www.steadytrade.com/episode-206-peter-atwater/#respond Tue, 29 Jun 2021 15:28:55 +0000 https://www.steadytrade.com/?p=3392 This week, hosts Tim Bohen and Kim Ann Curtin welcome special guest Peter Atwater.  He’s the president of Financial Insights and an adjunct professor at William & Mary and the University of Delaware. Peter Atwater’s also the author of the book “Moods and Markets: A New Way to Invest in Good Times and in Bad.”  […]

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This week, hosts Tim Bohen and Kim Ann Curtin welcome special guest Peter Atwater. 

He’s the president of Financial Insights and an adjunct professor at William & Mary and the University of Delaware. Peter Atwater’s also the author of the book “Moods and Markets: A New Way to Invest in Good Times and in Bad.” 

But he’s most passionate about socionomy. The word has Kim tongue-tied. Socionomy focuses on the interplay between social moods, cultural and political movements, and the markets. 

So to break it down … Can you find the opportunity in a crowded room? Do you leave before the party’s over? 

How we behave in real life is often the same as how we trade online.

The key is timing. It helps when you can read the room. Peter Atwater will teach you how in this week’s episode. 

(As an Amazon Associate, we earn from qualifying purchases.)

Peter Atwater’s Market Moods

Peter Atwater says to keep an eye on flash mobs with money. Not on the street (although, that would be cool to see), but in the markets. 

Crowds show up in droves — and fast. We saw that with Nikola Corporation (NASDAQ: NKLA). But they can disappear just as quickly. 

Atwater’s amazed by the momentum on Twitter. He says, “We think it, we say it, and then we act on it … They’re a fast-moving crowd and if you’re late, you’ll catch the tail end of it thinking it’s only the beginning.”

Sounds like chasing breakouts that turn into fakeouts. So how do you improve your timing?  

Bohen shares the scientific reason for our human need to understand where others are coming from. Tune in to find out why we need to understand crowds to feel safe. 

And Peter Atwater lays out what to look for at the beginning and the end of a parabolic move. Don’t miss his unique insight!

Emotion vs. Mood 

For Peter Atwater, emotions and moods are two different things. Kim’s curious about the distinction… 

Atwater says moods are external factors and emotions are our responses to them. But it goes deeper than that. He says, “Confidence isn’t about you, it’s about how you see yourself in the world.” 

And how we see ourselves affects how we trade. When we’re in a low mode, our confidence wanes. We feel competitive but forget our best strategies. 

Find out the simple slogan he uses to catch himself when he’s in this unhelpful mindset

Of course, overconfidence isn’t good either. It can make us more friendly and generous with others … or lead us down the wrong path. 

Find out Peter Atwater’s top tips for identifying high-flying moods — and how to stay in control and make smarter decisions. 

Peter Atwater on Certainty and Control 

Atwater says certainty and control are two things all humans need. Without them, we freak out … like ‘buy the top, sell the bottom’ freak out. 

When a stock rises, our sense of safety kicks in. We feel like it will stay that way forever. Then when the mood changes, we panic. 

But life and stocks never guarantee certainty or control. So what’s a trader to do?

Peter says, “Buy Adele and sell Pharrell.” When stocks are “rolling in the deep” (crashing), you buy. And when they’re “happy” (rising), you sell. 

We know this. But is there a way we can train ourselves to follow it? 

Atwater and Bohen think so. Atwater shares examples of what emergency room doctors do when there’s no certainty or control. 

Bohen agrees with the concepts. He says he learned all about them from former Navy SEAL Jocko Willink. Find out which strategies could help you feel certain and in control of your trading game. 

What Do You Think?

What’s your take on Peter Atwater and market moods? How well can you read the room when it comes to the markets? What helps you feel certain and in control of your trades? 

We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our guest and hosts on social media…

Peter Atwater

Twitter: @Peter_Atwater

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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Episode 205: How to Find Your Drive, Crush Your Trading Goals, and Be a Good Human https://www.steadytrade.com/episode-205-trading-goals/ https://www.steadytrade.com/episode-205-trading-goals/#respond Tue, 22 Jun 2021 14:43:55 +0000 https://www.steadytrade.com/?p=3387 SteadyTrade hosts Kim Ann Curtin and Stephen Johnson dig deep into the psychology of trading and trading goals this week.  The trading journey is full of ups and downs. One day you’re on top of the world! The next day — or maybe the next hour — you’re down in the dumps.  It takes time […]

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SteadyTrade hosts Kim Ann Curtin and Stephen Johnson dig deep into the psychology of trading and trading goals this week. 

The trading journey is full of ups and downs. One day you’re on top of the world! The next day — or maybe the next hour — you’re down in the dumps. 

It takes time to find your groove and a special blend of technical skill and mojo

And Kim and Stephen have the best of both. They’ve come a long way in their trading and coaching careers and learned tons of valuable lessons along the way. 

This week, they spill all the wisdom traders need to tune into trading goals, turn up the juice, and live their best lives. 

Trading Goals: Know What Drives You 

Kim says, “being driven isn’t a feeling, it’s a commitment.” Emotions come and go. And they take us on some pretty wild rides. 

If we could chart our own emotions and thoughts, they might look as volatile as a penny stock chart with positive and negative catalysts vying for attention. 

But we can’t ignore them. That only makes them stronger. If you feel like a loser, know you’re not. And understand why you feel that way. 

Which trading goals are you not accomplishing? Kim and Stephen both check in with themselves regularly to make sure they’re on the right track. 

As Kim says, our basic needs change over time. So you must stay disciplined and continue to learn about yourself. Never assume you know everything. That’s something many veteran traders understand from years of experience. 

Find out the most important questions to ask when you feel off track in this week’s episode.

How Do You Know You’ve Made It? 

It’s easy to set trading goals … but do you always know when you finally arrive? After all, every time we hit a milestone, we move the goal post. 

Maybe you hit a trading goal, like a certain amount of profits, but it doesn’t make you happy … Why does our mind play tricks on us like this? 

Sometimes we decide that if we achieve what someone else achieved, we’ll be happy. But that’s likely not true. 

Stephen’s blunt on the topic: “Lazy people will do a little work and wonder why they’re not winning, whereas a lot of people winning will do a lot of work and worry about being lazy.”

Kim says if you don’t stop to congratulate yourself and express gratitude, your path to success won’t feel successful. Sometimes high achievers don’t realize how well they’re doing. 

So what’s the key to meeting your trading goals and having success and happiness? Check out what Kim and Stephen recommend in this week’s episode. 

Be Successful Enough to Give Back

Living your best life is a big goal. And it’s definitely worth pursuing … but is it enough? 

Sometimes we stay on the hamster wheel longer than we should. We think that the more we accomplish, the better. But how true is that?

Everyone’s driven by different things. Stephen felt driven by adversity. He saw what he didn’t have. 

Stephen says he was tired of doing the same job every day and feeling unfulfilled. 

But he was unstructured and uncommitted until the pain became too much. Then adversity fuelled his drive.

When he started making sure his needs were met, he discovered other needs he hadn’t imagined. 

He says, “Achievement puts gas in your tank. Then you start giving back and meeting needs you didn’t think you could.” 

Find out the steps he took to get there in this week’s episode!

What Do You Think?

How do you set trading goals — and how do you know when you’re on the right track? What makes you feel proud and grateful? 

We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: $AMC Ape Army https://www.steadytrade.com/twist-amc-ape-army/ https://www.steadytrade.com/twist-amc-ape-army/#respond Thu, 17 Jun 2021 17:12:32 +0000 https://www.steadytrade.com/?p=3383 It all started with Gamestop…  But then, out of nowhere, a new crowd favorite has emerged — AMC Entertainment. It gave birth to an Army of Apes.  That army has been reinforced by your three favorite hosts.  So what are the TWIST hosts’ thoughts on AMC? Is it here to stay? Are we actually going […]

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It all started with Gamestop… 

But then, out of nowhere, a new crowd favorite has emerged — AMC Entertainment. It gave birth to an Army of Apes. 

That army has been reinforced by your three favorite hosts. 

So what are the TWIST hosts’ thoughts on AMC?

Is it here to stay? Are we actually going to the moon?

Tune in to this week’s special episode to find out. 

Follow your hosts and today’s guest on Twitter to keep tabs on their trading journeys: 

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Episode 204: Small Accounts, Patterns, & New Strategies — Bryce Tuohey Returns! https://www.steadytrade.com/episode-204-small-accounts-patterns-bryce-tuohey/ https://www.steadytrade.com/episode-204-small-accounts-patterns-bryce-tuohey/#respond Tue, 15 Jun 2021 18:57:07 +0000 https://www.steadytrade.com/?p=3378 What does it really take to grow a small account? This week, the SteadyTrade gang welcomes back Bryce Tuohey to help answer that question and discuss much more.  SteadyTrade hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen put Bryce back in the hot seat. And they also dive deeper into his trading strategies. If […]

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What does it really take to grow a small account?

This week, the SteadyTrade gang welcomes back Bryce Tuohey to help answer that question and discuss much more. 

SteadyTrade hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen put Bryce back in the hot seat. And they also dive deeper into his trading strategies.

If you tuned into his first interview, you heard all about his journey from trading a small account to becoming a six-figure trader.* In this episode, we get in-depth commentary on how he trades today.

The team takes a step-by-step journey through how traders find their process. So how does Bryce approach the markets? How does he adapt to market changes

Find out more about Bryce’s top rules, strategies, and plays in this week’s episode!

Trading a Small Account? Know Your Style

You hear a lot of talk about trading styles and personalities. But is it as simple as choosing long or short? Is there more to it than that? 

Stephen knows what team he’s on. He loves to short. Sure, he’s flexible when a great opportunity comes around, but at the end of the day, he knows what he prefers.  

Bohen took some time to find his preference as well and came out long-biased. But understanding your trading style goes deeper than that. 

After all, markets change and surprising events happen. 

And then there are meme stocks. Meme stocks took center stage in 2020 and keep finding their way back into the spotlight. 

Bryce watches them closely but isn’t swayed. He shares exactly how he tracks AMC Entertainment Inc. (NYSE: AMC). Much like a hunter, he follows its every move. 

And he shares why knowing himself means knowing to not take a trade, even when it’s popular. 

Stay Disciplined With a Small Account

So many newbie traders dream about starting with a small account and making big bucks. Sounds easy in theory, right? Just catch a few big runners and grow your small account every week. 

Bryce jokes about this mentality. He understands the wishful thinking all traders start out with. So do Tim and Stephen. 

From the outside, it looks easy. Once you’re in the game, it’s a whole different story. It’s NOT easy. So what’s the best way to build discipline? 

There’s more than one way to skin a cat. Bryce knows a lot of traders rely on paper trading or just putting in the screen time. But he says these strategies don’t give you the hands-on training you need to make progress. 

Bohen thinks Bryce is right on the money. He says it takes a lot of trading practice for things to start clicking. Repetition is the best way to get ahead. 

So how did Bryce get ahead? Kim asks how he came up with his master plan. 

Bryce says it took a lot of failing and watching his friend succeed to dig deep. He came up with a process that minimized his risk and maximized his skills. Find out his winning strategy in this week’s episode!

Should You Keep Taking Risks?

Whether you start with a small account or not, every trader needs to master a strategy that works for them. You need a signature move you can rely on. And you must stay focused when getting started. 

But once you achieve consistency, should you stay in your comfort zone or take new risks

Stephen appreciates Bryce’s journey to mastering one setup. But he’s also eager to push the envelope. He says he found a way for his short profits to pay for his long losses. He sees it as an investment in a new skill.

And Stephen wants to hear all about Bryce’s journey to trading short as a long-biased trader. He pushes him to reveal his ups and downs along the way.

Bryce is on board for the challenge. Find out if his short profits give Stephen’s long profits a run for their money. And hear how Bryce continues to refine his process.

Kim asks Bryce to share his top rules for trading both ways, and he shares them all!

Trading With a Small Account? What Do You Think?

What’s your favorite setup? How do you push your limits in trading or stay in your comfort zone? Have you grown a small account? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

 

Follow our hosts and special guest on social media…

Bryce Tuohey

Twitter: @TraderBryce

Instagram: @BryceTuohey

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

The post Episode 204: Small Accounts, Patterns, & New Strategies — Bryce Tuohey Returns! appeared first on SteadyTrade.com.

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Episode 203: The Top Habits for Back-to-Normal Markets https://www.steadytrade.com/episode-203-the-top-habits-for-back-to-normal-markets/ https://www.steadytrade.com/episode-203-the-top-habits-for-back-to-normal-markets/#respond Tue, 08 Jun 2021 14:24:00 +0000 https://www.steadytrade.com/?p=3374 This week, the SteadyTrade gang weighs in on the best habits to build as the markets head back to normal.  SteadyTrade hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen are back at the mic. And they have plenty to sound off about.  We all love stock market mania … Tendies falling from the sky […]

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This week, the SteadyTrade gang weighs in on the best habits to build as the markets head back to normal. 

SteadyTrade hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen are back at the mic. And they have plenty to sound off about. 

We all love stock market mania … Tendies falling from the sky … More stocks breaking out than we could possibly trade. 

But there’s a lot more to appreciate about calm markets than we realize. 

Bohen says these roundtable talks are his favorite. The whole team shares their best strategies and tools to focus on when markets are back to normal. 

Plus there are the off-the-cuff personal stories that make us all say, “What! No way!” Even Kim can’t believe what Tim says about Stephen.

Check out this week’s episode for all the trading education and entertainment you need as we get back to normal.

Are We Finally Back to Normal?

The 2021 stock market finally seems back to normal, all things considered. After a strong start in January, opportunities became more sparse. But there’s still plenty of tendies to go around. They just don’t drop all day every day anymore. 

Bohen’s grateful for that. He remembers seeing so many stocks pop up during his Pre-Market Prep sessions. That’s great, but it’s overwhelming after a while. He loves sharing information on the best stocks. And when there are fewer stocks in play, he can share more detail.

Kim says those days were like “a fevered dream.” The rest of the team agrees. There was so much to handle, it didn’t feel connected to reality.

So what does back to normal mean? We still see meme stocks popping off. And biotechs with news catalysts are still going crazy. So is it slim pickings or just more balanced pickings?

Stephen says this market is great news for short sellers. 2020 caught him off guard and made him reevaluate risk. It took him some time to realize it wasn’t a short’s market. But he adapted. 

And he shares a key silver lining in this week’s episode! Don’t miss this…

Back to Normal = Savor Your Wins

Stephen says there’s always a calm after the storm. And 2020 was a big, big storm. Congrats to the traders who survived and thrived. Let’s hang on to our profits as we get back to normal.

Bohen agrees with Stephen. He thinks trading was the highlight of the past year. And he’s thankful for the opportunities that keep coming. 

He also sees the same trends repeating in the crypto space. Cryptocurrencies took off for a while. Now they’re having their own crash. 

So what do traders do next? Stephen’s grateful for the moments of pause. When you have time to think, it’s great to savor your wins. 

He says: “Money makes the accomplishment bigger. It’s not the achievement, but it measures the achievement. It makes you feel worthy.” 

Kim reminds Stephen that he’s always worthy, whether he extracts money from the market or not. Aw, so true, but it’s still exciting to win! 

Find out how far Stephen’s gains have come in this week’s episode.*

Prepare for Future Madness

So what’s the best thing to do when markets are back to normal? Once you’re done savoring your wins, that is…

Kim says you always go back to basics. It never hurts to study more! But what’s the most important thing to study? What do traders need to know the most? 

Bohen agrees with this. After all, “it only takes one big win” to put you ahead. You must be ready. 

If you’re overtrading and under-training, you could lose big. You don’t need to catch every setup, only the best setups for you. 

But how do you know what strategy fits your personal style? You have to experiment with solid rules to find out.

Bohen compares the process to his training in another field. He says, in a high-pressure situation, “you’re gonna descend to the level of your training.” 

You have to be ready for opportunity to strike. Take it from our veteran traders. Stephen weighs in on this as well. 

Listen to this week’s episode for the best way to prepare for the next market craze!

What Do You Think? Is the Market Back to Normal?

Do you miss the market mania? Are you happy things are back to normal? How are you preparing for the next big run? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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TWIST Ep 51: Contest Winner Interview!! https://www.steadytrade.com/contest-winner/ https://www.steadytrade.com/contest-winner/#respond Thu, 03 Jun 2021 17:58:26 +0000 https://www.steadytrade.com/?p=3365 At the end of May 2021, TWIST hosted a contest where one special winner would join the 3 TWIST traders on the podcast.  And the lucky winner was Muhammad Khan. A college student from Grand Valley State University.  Muhammad brought a couple of his best trades and discussed his trading journey… including the struggles he […]

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At the end of May 2021, TWIST hosted a contest where one special winner would join the 3 TWIST traders on the podcast. 

And the lucky winner was Muhammad Khan. A college student from Grand Valley State University. 

Muhammad brought a couple of his best trades and discussed his trading journey… including the struggles he has faced over his 3-year trading career. 

At the end of the episode, our special guest turned the tables on the hosts and asked them several questions to help struggling students break through to profitability. 

Follow your hosts and guest on Twitter to keep tabs on their trading journeys: 

 

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Episode 202: Matthew Monaco on Big Trading Milestones & Penny Stock Patterns in Volatile Crypto https://www.steadytrade.com/episode-202-matthew-monaco/ https://www.steadytrade.com/episode-202-matthew-monaco/#respond Tue, 01 Jun 2021 19:48:31 +0000 https://www.steadytrade.com/?p=3353 This week, we’ve got yet another crossover episode — this time it’s millionaire trader and TWIST co-host Matthew Monaco. SteadyTrade hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen ask Matt some juicy questions. Odds are if you know penny stock trading, you know Matthew Monaco. He shares the ins and outs of his trades […]

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This week, we’ve got yet another crossover episode — this time it’s millionaire trader and TWIST co-host Matthew Monaco.

SteadyTrade hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen ask Matt some juicy questions.

Odds are if you know penny stock trading, you know Matthew Monaco. He shares the ins and outs of his trades every week on TWIST and in the Small Cap Rockets room. Plus, he helped Tim Sykes create his 30-Day Bootcamp.  

Matt says he knew he wanted to be rich from a young age. He remembers taking “Wall Street classes” in high school. But he didn’t know that one day he’d cross $1 million in trading profits.*

This week’s episode dives into Matthew Monaco’s trading journey. Tune in for all the details, plus Matt’s best tips for trading stocks and crypto.

Matthew Monaco Takes Measured Risks

Matt began his quest for success in engineering, thinking he’d go where the money is. That’s a wise thing to do when trading: follow the money.

Bohen gets intense when it comes to the topic of technology and society, and he doesn’t mince words. 

Stephen doesn’t hold back either. Tech and trading are both hot topics for these guys. You’ll have to listen to find out where they stand on the path to success

Matt says meeting successful traders convinced him he could make it too. But it wasn’t an easy journey. He put in years of hard work before striking it big.*

Kim asks Matt about his choices. And Matt shares every step of his journey to millionaire trader status. 

Plus, find out how Matt uses his trading know-how in the crypto space. And learn about his newly launched Crypto Rockets course. 

Adapt to Change

The stock market constantly changes — and fast. Hot sectors can come and go in a flash. 

Matthew Monaco says he sees the same with cryptocurrencies. Traders pile into penny stocks for a while. Then stocks go quiet for a bit. 

But traders didn’t stop trading. They moved over to the crypto space. 

Matthew watches the flow in both markets to see how they play off each other. And when the stock market closes, he moves to crypto markets. They’re always open and he says it’s the “wild Wild West.” 

He shares the step-by-step process he uses to trade crypto, from position sizing to checking on trades. 

Matt shares a mind-blowing story of a crypto trade that really took off. He was so impressed he had to take profits during Sunday brunch. 

Kim’s intrigued. She’s ready to take Matthew’s course and learn all about the exciting crypto space. And there’s plenty to learn. 

Matthew Monaco partners with Kyle Williams. Together, they cover fundamentals, technicals, and everything in between. There’s something for everyone.

Matthew Monaco: Hard Work Pays Off

Opportunities come and go, but hard work always pays off. Matt discusses the odds of an easy break with holding versus active trading

He says there’s a big difference between holding crypto and trading it. And he shares what’s most important to know for each style. 

His work ethic makes Bohen proud. When markets are hot, he’s not content with “catching the next bus.” He wants to catch all the buses! 

Stephen laughs in agreement. He knows the feeling. Hot markets get everyone worked up. 

But missing a great opportunity can sting for a long time. Kim shares that she met an interesting person who tried to convince her to buy and hold bitcoin 13 years ago!

Bohen’s convinced it was Satoshi Nakamoto — bitcoin’s creator. Kim says his passion impressed her. And Stephen shares some inspiring words about passion and innovation.

This is an action-packed episode full of Matt’s best tips and strategies for trading. Tune in!

What Do You Think?

Can you relate to Matthew Monaco’s trading journey? Curious about trading crypto? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts and Special Guest Matthew Monaco

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts and special guest on social media…

Matthew Monaco

Twitter: @mono_trader

Instagram: @matthewvmonaco

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

The post Episode 202: Matthew Monaco on Big Trading Milestones & Penny Stock Patterns in Volatile Crypto appeared first on SteadyTrade.com.

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TWIST: Maxing Out Your Opportunities https://www.steadytrade.com/twist-maxing-out-your-opportunities/ https://www.steadytrade.com/twist-maxing-out-your-opportunities/#respond Thu, 27 May 2021 14:47:01 +0000 https://www.steadytrade.com/?p=3349 How well do you max out every opportunity that comes your way? Not many people do it well … But today’s TWIST guest Connor sure does.  This trader recognized the opportunity in the market and stepped up. BIG.  Using data in the simplest way possible, Connor was able to exponentially grow his account trading OTC […]

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How well do you max out every opportunity that comes your way?

Not many people do it well … But today’s TWIST guest Connor sure does. 

This trader recognized the opportunity in the market and stepped up. BIG. 

Using data in the simplest way possible, Connor was able to exponentially grow his account trading OTC stocks.*

But perhaps what’s more impressive is his mental approach to the market. He largely attributes that to his full year of trader therapy. 

Seems like a small price to pay (yet most people wouldn’t pay it) for a skill that will last him a lifetime. 

Find out more on today’s episode of This Week In SteadyTrade. 

Follow your hosts and today’s guest on Twitter to keep tabs on their trading journeys: 

 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 201: Trading the Ultimate Breakout With Bryce Tuohey https://www.steadytrade.com/trading-the-ultimate-breakout-with-bryce-tuohey/ https://www.steadytrade.com/trading-the-ultimate-breakout-with-bryce-tuohey/#respond Tue, 25 May 2021 18:44:16 +0000 https://www.steadytrade.com/?p=3343 It’s another SteadyTrade crossover episode with trader and Treats host Bryce Tuohey! The whole SteadyTrade crew is on board today — Kim Ann Curtin, Stephen Johnson, and Tim Bohen. If you watch SteadyTrade Treats — and why wouldn’t you — you know Bryce. Sometimes caffeinated, sometimes not, he always brings BIG energy to the trading […]

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It’s another SteadyTrade crossover episode with trader and Treats host Bryce Tuohey!

The whole SteadyTrade crew is on board today — Kim Ann Curtin, Stephen Johnson, and Tim Bohen.

If you watch SteadyTrade Treats — and why wouldn’t you — you know Bryce. Sometimes caffeinated, sometimes not, he always brings BIG energy to the trading game. 

Growing up, there were signs that Bryce had a mind for finance. But it wasn’t clear where that would take him. Then he met Matthew Monaco (TWIST co-host) during his sophomore year of college. 

From there, Bryce caught the trading bug, and the rest is history. But what did his journey look like? How did he start from scratch and make it past $500,000 in trading profits?* 

This week’s episode lays out all the details of Bryce Tuohey’s journey. Plus he shares his favorite trading strategies!

Bryce Tuohey Appreciates the Journey

Bohen asks the question we all wonder when a trader strikes it big. What got Bryce Tuohey started in trading? What does it take to go from an average trader to six figures so soon? 

Bryce started with a “Money and Banking” class in high school. It piqued his curiosity. From there, he started checking the top percent movers on Yahoo Finance. (We’re glad he’s found more robust resources since then).

A light bulb went off in Bryce Tuohey’s head. He figured if he could get into those stocks before they took off, he’d be set. The question was how to do that.

He bounced around a bit, as young people tend to do. He hustled as a lifeguard and a freelance writer while pursuing a traditional education. 

When his friend and roommate Matt Monaco told him about penny stock trading, he got excited. He found a community that made his goals seem possible. Still, he studied hard for a while, then fell off track. 

Tune in to learn what brought Bryce back to trading — and kept him in the game for good.

Find Your Trading Zone

Stephen’s impressed with Bryce Tuohey’s journey from freelance writer to six-figure trader.* As he says, “The man who writes the stories now has the stories written about him.” 

Bohen loved Stephen’s “poetry” there. And he’s doubly impressed with Bryce’s ability to lock in the important lessons. 

Bohen reminds us to “only add to winners.” Bryce always tells himself, “don’t add to losers.” 

These two discuss a recent ticker they both were watching and how it played out. Find out which big mover caught their attention when you listen to the full episode.

Kim wants to know more about the Bryce Tuohey trading personality. Has he, like many traders before him, found signature strategies to repeat? You bet!

Bryce broke down his top two patterns in detail. You won’t want to miss his strategy for finding his best breakouts!

Play the Long Game

Bryce Touhey remains a long-biased trader. But did anything change after he found consistent success

Kim asks him all about his current habits. He shares his must-keep strategies and those he’s let go of. 

Playing the long game means you have to optimize your life. Stephen and Tim know all about this… 

Tim Bohen relays valuable insights from “Atomic Habits” by James Clear. Clear’s work focuses on “systems versus goals.” 

When you’re a newbie trader, you’re eager for money. You make money your goal. But is that the right way to stay in the game? 

Not according to Bryce Tuohey. When he chose to focus on his trading system, he hit his stride.

Find out exactly the system he used to manage risk and build six-figure success in this week’s episode.

(As an Amazon Associate, we earn from qualifying purchases.)

What Do You Think?

Are you impressed with Bryce Tuohey’s trading journey? Did you learn something you can apply to your own life? What keeps you coming back to trading? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts and Special Guest Bryce Tuohey

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts and special guest on social media…

Bryce Tuohey

Twitter: @TraderBryce

Instagram: @BryceTuohey

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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TWIST: Small Account Trading — Update With Ben & Strati https://www.steadytrade.com/twist-small-account-trading-update-with-ben-strati/ https://www.steadytrade.com/twist-small-account-trading-update-with-ben-strati/#respond Thu, 20 May 2021 17:25:28 +0000 https://www.steadytrade.com/?p=3340 While Jack’s in the shower, working “smarter, not harder”… Kyle and Matt talk to up-and-coming traders Ben and Strati about their small-account progress.  Ben was on the show about a year ago when his account was only around $7,000… Since then, he reports his account has grown nearly 10-fold.* On the other hand, Strati is […]

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While Jack’s in the shower, working “smarter, not harder”… Kyle and Matt talk to up-and-coming traders Ben and Strati about their small-account progress. 

Ben was on the show about a year ago when his account was only around $7,000…

Since then, he reports his account has grown nearly 10-fold.*

On the other hand, Strati is a former teacher who didn’t have much success in the market until AFTER the market slowed down.

Find out what their process is, which stocks they’re trading, and the risks they took in their journeys to become consistently profitable traders.*

Follow your hosts and today’s guests on Twitter to keep tabs on their trading journeys: 

 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 200: Discover Your Risk Fingerprint With Michele Wucker https://www.steadytrade.com/episode-200-michele-wucker/ https://www.steadytrade.com/episode-200-michele-wucker/#respond Tue, 18 May 2021 19:08:53 +0000 https://www.steadytrade.com/?p=3336 In this week’s SteadyTrade podcast, hosts Kim Ann Curtin and Stephen Johnson welcome a special guest — author, speaker, and strategist Michele Wucker. If you trade stocks, you need an appetite for risk. But how much is too much? And can your risk tolerance change over time or is your “risk fingerprint” set in stone?  […]

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In this week’s SteadyTrade podcast, hosts Kim Ann Curtin and Stephen Johnson welcome a special guest — author, speaker, and strategist Michele Wucker.

If you trade stocks, you need an appetite for risk. But how much is too much? And can your risk tolerance change over time or is your “risk fingerprint” set in stone? 

Michele Wucker is here to break it all down. She even has books on the topic…

Wucker dedicates her life to the study of risk. Her work has moved markets, shaped financial policies around the world, and helped frame warnings about pandemics. She’s a former think tank and media executive, and she’s the founder of Gray Rhino & Company.

Fun fact: she coined the term “gray rhino” to describe “obvious, probable, and impactful risks that we tend to ignore.” 

Her concepts have also made their way into popular culture. Megaband BTS wrote the song “Blue and Grey” positioning depression as a gray rhino. And she has a TED Talk with over two million views.

Kim, Stephen, and Michele Wucker talk all about risk and trading in this week’s episode!

(As an Amazon Associate, we earn from qualifying purchases.)

Michele Wucker Wants You to Anticipate Gray Rhinos

Most traders know the term “black swan.” The investment world uses it to describe events that come ‘out of the blue.’ 

But how true is that? Experts warned about the subprime mortgage crisis well before the bubble popped. No one listened. 

Recently, if you tried to trade right after the Colonial Pipeline debacle, you saw chaotic markets. It seems like that event came out of nowhere. But again, experts warned about power grid vulnerabilities many times.

Michele Wucker wants us to wake up to our gray rhinos. This applies whether you’re a day trader, swing trader, or jumping into the crypto fray. 

When a big, scary challenge comes at you, you can do nothing and get trampled, get out of the way, or do something about it. Why do some people move out of the way while others work with the strength and use it?

Learn all about your risk habits and how to improve them in this week’s episode. 

How Much Should You Risk?

Stephen knows there’s no escaping risk once you place a trade. But he’s curious about how people decide what level’s right for them. 

Michele Wucker says there are many factors to consider. It’s not just about personality either. How comfortable you are in your immediate environment can impact your approach to risk. Some people’s moods change with the room temperature!

Risk tolerance is situational. Michele gets into the many ways a person’s risk tolerance can shift based on their foundation of safety at the time.

Kim wants to know more about Michele’s groupthink concept. The risk acceptable to a group can affect how much risk an individual in that group will take on. 

But what’s the actual impact? And can you go from buy-and-hold investor to crypto aficionado based on your friends?

Sometimes risk is in the eye of the beholder. For example, cultural bias can prevent us from seeing certain leaders clearly. Kim and Michels get into real-life examples of how female leaders are perceived versus how they perform. 

You’ll want the facts on this before your next hot stock fundamental analysis. 

Is Risk Always Good?

Stephen finds risk fascinating. Michele Wucker’s book changed how he thinks about appropriate risk. 

He recalls a man who quit med school to become a stand-up comic. In the past, Stephen would’ve dismissed the guy as “completely nuts.” Now, he sees that having a caring family, mentors, and some financial stability made the risk more sensible for him.

He loved the family’s message: “If you do what makes you happy, ultimately you’ll become enough of an expert at it that you’ll be able to make enough money.” 

Kim loves how Michele Wucker flips the risk script. She points out that people who force themselves into ‘safe’ jobs and lifestyles sometimes suffer long term. 

As Michele says, “People underestimate the risk of going along with others, living what they want your path to look like. That can destroy your health, happiness, and ability to succeed. Everything can come crumbling down because the road you thought was the safest actually wasn’t.”

Kim sees this firsthand in her coaching practice. Clients come to her when their carefully planned lives come crashing down. That’s why she’s so supportive of traders who follow their passion.

Wucker says many traders and freelancers feel more secure having diverse sources of income. If you’re told to diversify your portfolio, why not your income? 

But Stephen reminds us that sometimes overconfidence can lead to big losses. Wucker replies with a strategy for dealing with overconfidence that blows Kim away. 

This week’s episode is jam-packed with valuable tips to improve your relationship with risk. Check it out!

What Do You Think of Michele Wucker and the Gray Rhino?

What’s your appetite for risk? How do you respond to challenges? And how does your risk tolerance change? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts and Special Guest

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts and special guest on social media…

Michele Wucker

Twitter: @wucker

Instagram: @michelewucker

LinkedIn: @wucker

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Finding That “One” Play https://www.steadytrade.com/twist-finding-that-one-play/ https://www.steadytrade.com/twist-finding-that-one-play/#respond Thu, 13 May 2021 16:45:57 +0000 https://www.steadytrade.com/?p=3333 It seems we’re back to business as usual.  The madness over the last 18 months has subsided, and the six-week slow period is over… The market is acting normal again. Well, at least as normal as the market can act.  This is the type of market that separates the one-hit wonders from the truly great […]

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It seems we’re back to business as usual.

 The madness over the last 18 months has subsided, and the six-week slow period is over…

The market is acting normal again. Well, at least as normal as the market can act. 

This is the type of market that separates the one-hit wonders from the truly great traders. 

But sorry to break it to you…

There’s no “holy grail” or secret to trading. It all boils down to hard work and preparation. 

Tune into this week’s episode to find out how the TWIST hosts prepare and the setups they’re looking for. 

Follow your hosts and today’s guest on Twitter to keep tabs on their trading journeys: 

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Episode 199: Stephen Johnson Dishes ALL About His Journey to Full-Time Trader https://www.steadytrade.com/episode-199-journey-to-full-time-trader/ https://www.steadytrade.com/episode-199-journey-to-full-time-trader/#respond Tue, 11 May 2021 14:16:58 +0000 https://www.steadytrade.com/?p=3327 Every trader dreams of making it to full-time trader status. Each one has different ideas about what they’d do with the money. But most want the freedom and flexibility of trading for a living. Is it within any trader’s reach? Do traders who get to this milestone have special superpowers? Or is there a proven […]

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Every trader dreams of making it to full-time trader status. Each one has different ideas about what they’d do with the money. But most want the freedom and flexibility of trading for a living.

Is it within any trader’s reach? Do traders who get to this milestone have special superpowers? Or is there a proven set of repeatable strategies they dedicate themselves to?

In this week’s SteadyTrade podcast, hosts Kim Ann Curtin and Stephen Johnson take an in-depth look at Stephen’s journey to becoming a full-time trader. 

Spoiler alert: it wasn’t easy. And there were many roadblocks along the way. A lot of them came from Stephen himself. 

And nobody knows them better than Kim. She’s coached him through many ups and downs and offered him new encouraging perspectives along the way. 

This week’s episode peels back the curtain on Stephen’s biggest struggles and standout successes. Check it out and maybe you’ll learn a thing or two. 

Are You Ready for Full-Time Trader Status?

Ask the average trader if they’re ready to trade full-time and chances are you’ll get a resounding yes. But that answer is probably based on emotions alone. 

Stephen thinks there are more pieces to the pie. One slice is how much you desire something. But desire alone won’t get you there, even if it comes with drive. 

He says ambition needs to be rounded out. Stephen wants to know: “Are you ready spiritually, physically, mentally, circumstantially, and financially?” 

What do all these buckets of readiness mean to the average retail trader? And how full do they have to be before you become a full-time trader? 

Kim says the book “You Are What You Risk: The New Art and Science of Navigating an Uncertain World” by Michele Wucker opened her eyes to the fact that everyone has a different “risk fingerprint.” 

Risk isn’t a one-size-fits-all measurement. And neither is readiness. Trading will impact your emotions and your mindset. 

You will meet gremlins that challenge your sense of safety and self-esteem. And the strategies you come up with to overcome those challenges are every bit as important as the strategies you choose to trade stocks. 

Listen to today’s episode for the best ways to overcome hurdles on your way to trading success. 

(As an Amazon Associate, we earn from qualifying purchases.)

Do You Have a Safety Net?

Everyone needs a different level of safety before they’re willing to take on greater risk. 

Some traders think they need less only to find out they need more. Others might start cautious and realize they’re doing OK and it’s time to size up their trades.  

Stephen says there are all kinds of pointers out there. Tim Sykes once told him you should have $50,000 in trading profits before you choose to trade full-time. If you have a family, increase that amount to $100,000 in trading profits. 

There’s also the measure of time. How much screen time is ideal before you transition to being a full-time trader? Stephen shares a reasonable benchmark on the podcast.

Everyone starts with a different foundation. Some traders have help from their parents or an inheritance. Others have to hustle and work hard to build up their trading accounts. 

Stephen didn’t have outside help. He bounced between full-time work and freelance work for a while before he made the decisive leap. There were a few signs that showed him it was time.

Listen as Stephen lays out the three stages traders go through before trading full-time.

Are You Ready for Change?

It’s important to know why you want to trade full-time. It’s a decision that takes mental maturity, something Stephen admits to struggling with along the way. 

If you don’t know why you want something, you might change your mind about it when the circumstances change. 

Do you trade because it feels good? The thrills and excitement can boost your serotonin for a while. But after enough losses, your mood will come crashing down with your trading account. 

You have to know your why. And if your why isn’t coming from a healthy place, you have to guide it there. 

Stephen shares the only reason you should ever be in a trade if you want to be a consistently profitable trader. 

Kim is impressed with his hard-won lessons. And she pushes him to reveal all the steps on his journey to becoming a full-time trader. Which one finally made everything click for him? 

When he started doing this one thing, his trading game changed for good. Hear all the juicy tips and life lessons these two get into in this week’s episode. 

What Do You Think?

Are you eager to become a full-time trader? Do you have a plan to get there? How would trading full-time change your life? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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TWIST: Diamond Hands & The DOGE Father https://www.steadytrade.com/twist-diamond-hands-the-doge-father/ https://www.steadytrade.com/twist-diamond-hands-the-doge-father/#respond Thu, 06 May 2021 17:49:47 +0000 https://www.steadytrade.com/?p=3324 If 2020 was the year of the penny stock… 2021 is the year of the DOGE! Thanks to the one and only DOGE father (aka Elon Musk).  For weeks, the DOGE father has been talking about this cryptocurrency. That has led to an incredible surge in its price. Check it out … Dogecoin started this […]

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If 2020 was the year of the penny stock…

2021 is the year of the DOGE! Thanks to the one and only DOGE father (aka Elon Musk). 

For weeks, the DOGE father has been talking about this cryptocurrency. That has led to an incredible surge in its price.

Check it out … Dogecoin started this year under a penny. Earlier this week, it hit a high of over 60 cents. 

So with penny stocks so sluggish lately, it begs the question…

Is DOGE where all the new traders are moving their money? Tune in now to find out what two of your TWIST hosts think. 

Follow your hosts and today’s guest on Twitter to keep tabs on their trading journeys: 

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Episode 198: Level Up Your Trading Game With These 5 Key Lessons https://www.steadytrade.com/episode-198-level-up-your-trading-game-with-these-5-key-lessons/ https://www.steadytrade.com/episode-198-level-up-your-trading-game-with-these-5-key-lessons/#respond Tue, 04 May 2021 19:15:08 +0000 https://www.steadytrade.com/?p=3318 What’s the best way to build your trading game?  Everyone wants a strong bull market to last forever. Dollars dropping from the sky is a nice feeling … But none of that translates into trading longevity. In this week’s SteadyTrade episode, hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen talk about the bad habits […]

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What’s the best way to build your trading game? 

Everyone wants a strong bull market to last forever. Dollars dropping from the sky is a nice feeling … But none of that translates into trading longevity.

In this week’s SteadyTrade episode, hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen talk about the bad habits we can pick up when winning is easy.

Every trader knows the feeling of being a newbie. When starting out, everyone makes mistakes. And if the mistakes are big, you remember them for a long time. 

It’s a good thing, actually. Bohen thinks you should make mistakes you can’t forget. Think about it … If you forget the pain of a big loss, you’ll keep taking big risks. 

And there’s nothing inherently wrong with risk. It’s something every trader has to manage. The key is learning how much you can handle so you don’t get ahead of yourself. 

This week’s episode covers all the ins and outs of improving your trading game.

How Good Is Your Trading Game?

Bohen says we’re coming out of the craziest 14 months in stock market history. 2020 was the year that minted bag holders. It had retail traders diamond-handing meme stocks like GameStop Corp. (NYSE: GME).

Stephen agrees. Stocks going up nonstop rewarded a lot of bad trading behavior. And that’s something all traders have to manage — bad market habits. It’s stressful. It’s also why Stephen took up a new hobby to cope.

And Kim’s excited to hear about Stephen’s new hobby. She recommended it to him as a way to level up his trading game, and he’s taken off with it! Find out how Stephen’s working to improve his trading mindset. 

It’s been quite a journey for Kim and Stephen. She’s coached him through some of the roughest patches on his way up. Now, he reports he’s a consistent trader.* 

What a journey for Stephen! And he shares just how he grew his account. He also has wise words on what not to do as well. He’s learned from his mistakes. Listen up and learn what bad habits to avoid!

Is Intuition Enough?

Every now and then, you’ll find a trader who chalks up their success to intuition. But is intuition alone enough to help you level up your trading game? 

Bohen doesn’t think so. Even if you have the capital to trade large-cap stocks, you need a process. 

He remembers his early days, chasing after every ‘hot’ stock. For him, it was all catalyst and no trading plan. Then he found a mentor, Tim Sykes, to show him the ropes.

It was the same for Stephen. He says his mentor made the random numbers in the market less random. That helped Stephen find a framework. 

It’s all about structure and patterns. And Kim’s eager to be a part of it. She wants to know how part-time traders can level up their trading games too…

Kim also asks the guys how to find the right pattern. She’s so impressed with recent guest Mariana, her trading game, and her ability to find a pattern that felt right for her. 

Bohen has some advice for Kim about building a passion for trading. You don’t want to miss his speech on what it takes to commit. 

Plus, Stephen gives his input on finding the right pattern. Listen in for his top tips!

How Many Hours Do You Need to Put into Your Trading Game?

A popular theory says it takes 10,000 hours of practice to become an expert at anything. But does that apply to your trading game? 

It depends on the individual. Everyone has to practice until a concept clicks. How long that takes is different for everyone. It has to click mentally, emotionally, and in your gut.

Some people have the time and determination to put in long hours day after day. Those traders are incredible! But if you can’t put in crazy long study hours, can you still make trading work? 

Well, what matters is that you create a plan that works for you. Test it. Repeat it. Learn it like the back of your hand.

Things get juicy in this episode!  Kim asks Tim to give his top five lessons traders can learn to level up their trading games! Each answer is jam-packed with hard-won wisdom.

And Stephen shares his number-one tip for not blowing up trading accounts. He’s learned his lessons and come out ahead.* Now he wants others to do the same. 

Plus, hear Tim and Stephen weigh in on what matters most — technical indicators or fundamental analysis!

What Do You Think?

Have you found your go-to pattern? How do you work on your trading game? And what helps you learn from your mistakes? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Ep 46 TWIST: King Grinder Dan Irish Crosses $1 Million* with $BTX https://www.steadytrade.com/ep-46-twist-king-grinder-dan-irish-crosses-1-million/ https://www.steadytrade.com/ep-46-twist-king-grinder-dan-irish-crosses-1-million/#respond Thu, 29 Apr 2021 17:10:32 +0000 https://www.steadytrade.com/?p=3313 What a year … 2021 will be one for the record books.  Today, TWIST hosts Jack, Kyle, and Matt sit down with Dan Irish. Dan is Timothy Sykes’s latest millionaire student!* Dan has a unique approach to the market — a grinder’s approach.  According to his Profit.ly account, he’s made over 11,500 trades. That’s more […]

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What a year … 2021 will be one for the record books. 

Today, TWIST hosts Jack, Kyle, and Matt sit down with Dan Irish. Dan is Timothy Sykes’s latest millionaire student!*

Dan has a unique approach to the market — a grinder’s approach. 

According to his Profit.ly account, he’s made over 11,500 trades. That’s more than the three TWIST hosts combined, however…

At the end of the day, the only scoreboard that TRULY matters is your profit, right?

And we’re proud that Dan Irish is now a seven-figure trader.*

Be sure to take notes. This one is loaded with awesome trading tips. Enjoy!

Follow your hosts and today’s guest on Twitter to keep tabs on their trading journeys: 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 197: From 2020 Bull to 2021 Lull: When’s the Next Market Boom? https://www.steadytrade.com/episode-197-the-next-market-boom/ https://www.steadytrade.com/episode-197-the-next-market-boom/#respond Tue, 27 Apr 2021 19:05:10 +0000 https://www.steadytrade.com/?p=3305 Can the stock market boom its way out of this recent lull? 2020 had us glued to our screens! But it seems the year-long frenzy is already a has-been… In this week’s episode, hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen talk about the shift in the market.  January 2021 still had us going. […]

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Can the stock market boom its way out of this recent lull? 2020 had us glued to our screens! But it seems the year-long frenzy is already a has-been…

In this week’s episode, hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen talk about the shift in the market. 

January 2021 still had us going. Stocks were riding high. Many traders thought the market boom would last forever. Then the choppiness set in. 

All of a sudden, gains weren’t a sure thing. But is the market just taking a spring break? Or is the sideways action a new trend of its own?

What’s an idle trader to do after a year of intense dedication? Well, for one you can prepare now for the inevitable comeback…

Remember, markets move in cycles. Eventually, the busy days will return. This week, the team shares the best ways to spend your time while the market mania takes a hiatus. 

When’s the Next Market Boom?

2020 was unlike anything any trader had ever seen. Bohen’s been in the game for more than a decade and he was blown away by all the green days. 

Some traders worked hard to capture as many opportunities as possible. In a market boom like no other, every trade counted.

But that style isn’t for everyone. Some people prefer to narrow down their watchlists. Even so, having more opportunities than you need feels pretty amazing. And it can accelerate your growth.

So what do you do when things slow down? And how long will they stay slow? 

Many traders wonder if it’s a matter of running out of luck… 

Kim doesn’t think so. Not after what she read in Andreessen Horowitz’s blog ‘“Buy and Hold” No More: The Resurgence of Active Trading.” 

Turns out, many Americans think they’re savvier than the next trader. And this overconfidence brings more active traders to the market. It might just be this self-fulfilling prophecy that creates another market boom.

And the trend has been increasing over time. Once you catch the trading bug, it’s hard to quit. So what exactly will it take to bring everyone back to their screens?

What Do You Do During a Lull?

Let’s check in with our hosts to see how they’re handling this slowdown…

Stephen says he feels disappointed with the one-and-done nature of WallStreetBets and GameStop Corp. (NYSE: GME). It seems it was a once-in-a-decade event, and he had hopes it would happen again. 

So he wonders if after all the media buzz the hedge funds won after all. Are we back to the status quo?

As for Bohen, he remembers when the market shifted around 2015. He was happy shorting one-day runners until volume suddenly exploded.

“Guys left their Goldman Sachs desks to push around low-float stocks.” When you’re focused on small-cap stocks, $10 million in a trading account is more than enough.

But the market always changes, and you have to be ready for it. Bohen took advantage of the slow market to escape the grind and vacation with his family. He reports they loved every minute of it! His wife is a social butterfly. They loved chatting up strangers and seeing people smile in the Florida sun.

Kim’s looking forward to a vacation of her own in September. And she got vaccinated on a lark when she got a tip about extras at a pharmacy. She’s also celebrating the success of her own Instagram Live sessions

Kim’s touched to see the traders in her community finding buddies and supporting each other. Whether we’re in a market boom or a market lull, it’s great to find friends who trade.

No Market Boom? Protect Your Gains

It’s not easy for everyone to take a break and enjoy the downtime. Stephen finds himself “d-gen trading” (d-gen is code for degenerate). He says he can’t help being addicted to the trading desk. 

And while his latest trade didn’t go well, there was a reason for him to believe it could. Listen in to find out which stock Stephen traded and why Bohen agreed it had great potential, even though it didn’t pan out. 

While it’s tempting to trade anything that looks like an opportunity in a slow market, Bohen’s learned to manage his d-gen habits and walk away. 

As a recovering trade-a-holic, he says he hasn’t defeated overtrading. Instead, he manages it. And becoming a trading teacher was a big part of what helped him. Find out what inspired him to mentor other traders through their own dark times. 

Kim is also a big fan of education. She believes there’s always more you can learn. Sometimes you need to stop being active in the market and start absorbing new information. Find out which topics she thinks traders would be wise to learn more about. 

This episode is jam-packed with trading wisdom and personal journeys. Listen in and prepare yourself for the next market boom. Plus, Kim and Tim share why they think the lull won’t last!

What Do You Think?

Do you have patience during the lulls? Are you itching for the next boom? What keeps you busy when things are slow? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Market Makers 1, WIKFATW 0 https://www.steadytrade.com/twist-market-makers-wikfatw/ https://www.steadytrade.com/twist-market-makers-wikfatw/#respond Thu, 22 Apr 2021 16:10:00 +0000 https://www.steadytrade.com/?p=3301 WTF is WIKFATW? In the words of our cynical short-selling expert Kyle Williams, TWIST is now officially called…  What Is Kyle Frustrated About This Week  That’s WIKFATW for short.  No, TWIST isn’t really opting for a rebrand, but now’s a perfect time to discuss the latest trading challenges. Today, the TWIST hosts discuss different ways […]

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WTF is WIKFATW?

In the words of our cynical short-selling expert Kyle Williams, TWIST is now officially called… 

What Is Kyle Frustrated About This Week 

That’s WIKFATW for short. 

No, TWIST isn’t really opting for a rebrand, but now’s a perfect time to discuss the latest trading challenges. Today, the TWIST hosts discuss different ways to approach this “new” market.

Sure, the hosts have been talking about a slow down for months. But now that it’s officially here, the adjustment period is, well, difficult. 

And, despite our hosts treading water, many traders are struggling to adapt. 

If that rings especially true to your situation, then this episode is for you. 

Tune in and enjoy. 

Follow your hosts and today’s guest on Twitter to keep tabs on their trading journeys: 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 196: NFT Stock Mania: Can the Sector Break Out to New Highs? https://www.steadytrade.com/episode-196-nft-stock-mania/ https://www.steadytrade.com/episode-196-nft-stock-mania/#respond Tue, 20 Apr 2021 18:56:20 +0000 https://www.steadytrade.com/?p=3292 Can fear of missing out (FOMO) take NFT stocks back to new highs?  In this week’s episode, hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen talk about hot sector manias. The NFT stock craze takes center stage. Tim’s been around a long time. He’s seen this kind of thing play out again and again. […]

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Can fear of missing out (FOMO) take NFT stocks back to new highs? 

In this week’s episode, hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen talk about hot sector manias. The NFT stock craze takes center stage.

Tim’s been around a long time. He’s seen this kind of thing play out again and again. But what makes each craze different from the next one? Is it possible to predict when they’ll start and end? 

NFTs (non-fungible tokens, if you didn’t already know) hit a fever pitch recently. And stocks issuing press releases related to NFTs took off. But will an NFT stock have what it takes to run again? 

Check out what Kim, Stephen, and Tim had to say about the latest craze in this week’s episode of the SteadyTrade podcast!

Plus, Kim’s book “Transforming Wall Street: A Conscious Path for a New Future” is now an Audiobook! And she says she found the sexiest and most compelling book narrator you’ve ever heard.

(As an Amazon Associate, we earn from qualifying purchases.)

NFT Stock Mania: Trend or Fad?

It started when digital artist Beeple sold his NFT artwork. “Everydays: the First 5000 Days” sold for a whopping $69 million! Kudos to that guy — but how crazy is that?

NFTs are essentially a digital file of an artist’s work. They come with a certificate of authentication that states it’s an original creation by the artist. But why are they worth so much?

Tim thinks the hype around them is nothing new. And he recommends one of his favorite books: “Extraordinary Popular Delusions and The Madness of Crowds” by Charles Mackay.

It provides tons of insights for traders who want to understand hot sector mania.

The NFT stock madness reminds Tim of the Dutch tulip mania in particular. Tune in to hear how it provides clues about what’s happening right now…

We’ve all been there, right? Tim has. And he understands the madness firsthand. He says he once paid a guy $500 to save his place in line for a Nintendo Wii!

So what is it about human nature that drives obsession over one specific thing? Is there something we can all relate to going on? And how do we play to win?

The team breaks down exactly what they think is going on in this week’s episode.

NFT Stock Lessons: Greed Is Normal

Bohen says, “greed is the great equalizer.” It doesn’t matter if you’re naturally smart, educated, or not the smartest tool in the toolbox. Age, gender, or race have no exemptions … Greed affects everyone.

Stephen agrees. He says nothing creates more opportunity than a hot sector. The plays keep coming, generating fresh bursts of trading enthusiasm.

If you miss the leader, a fresh new opportunity is on its way. The same thing can happen with an NFT stock.

Takung Art (NYSE: TKAT) was the leader in the NFT stock sector, the first to associate itself with NFTs. Over the course of its popularity, it gained around 800%!

But what if you missed TKAT? How do you find the sympathy plays that follow the leader? And do they produce amazing gains as well?

The team covers the ebb and flow of hot sectors and the NFT craze. And Tim shares what he thinks has to happen next for an NFT stock to take off again.

Plus, will Stephen throw his hat in the ring and join the craze? Will he buy his first NFT artwork?

This Time Will Be Different

Even when greed leads you astray, there’s something in humans that makes us want to believe: “This time could be different.” Tim says it’s how billion-dollar Vegas casinos make their money.

Stephen understands the mentality. He says it goes like this: “Even if you lose over your entire lifetime, today could be your lucky day. And you might never have to play again.” Whether it’s an NFT stock or a slot machine, the motivation is the same.

Kim’s seen this behavior in action too. It’s the mindset that’s kept people playing shell games in New York City since she was a little girl — and well before then. People think they might be the exception to the rule.

She calls it the “intermittent reward system.” If you win sometimes, or if you see someone else win once, that’s all it takes to believe it’s possible. And you’ll accept the consequences of losing for the hope of winning.

Tim recommends reading “The War of Art” by Steven Pressfield to get your head on straight. It’s written for artists but the mindset it drills in is exactly what a stock trader needs to know to stay in the game.

Find out what the secret to staying power is before you trade your next NFT stock, all in this week’s episode!

What Do You Think?

So what do you think of hot sector plays? Have they worked for or against you? Do you have an NFT stock on your watchlist? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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Ep 44: Protect, Protect, Protect! https://www.steadytrade.com/twist-protect/ https://www.steadytrade.com/twist-protect/#respond Thu, 15 Apr 2021 18:47:59 +0000 https://www.steadytrade.com/?p=3287 In this week’s episode of TWIST, Matthew Monaco is out. So guest host Bryce Tuohey subs in to join Kyle Williams and Jack Kellogg.  Tune in as Kyle, Jack, and Bryce discuss the changing market and how well they’re adapting.  It’s a WEIRD market out there. What can you do to adapt? Learn from our […]

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In this week’s episode of TWIST, Matthew Monaco is out. So guest host Bryce Tuohey subs in to join Kyle Williams and Jack Kellogg. 

Tune in as Kyle, Jack, and Bryce discuss the changing market and how well they’re adapting. 

It’s a WEIRD market out there. What can you do to adapt? Learn from our hosts as they dig into some of their recent trades. Check out how these plays are a direct representation of the overall market conditions and see why it’s so important to stay safe now more than ever. 

If you’re having a tough month, know that you’re not alone. Remember: protect!

Follow your hosts and today’s guest on Twitter to keep tabs on their trading journeys:

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Episode 195: How Jack Kellogg Built His Foundation For Breakout Success https://www.steadytrade.com/episode-195-how-jack-kellogg-breakout-success/ https://www.steadytrade.com/episode-195-how-jack-kellogg-breakout-success/#respond Tue, 13 Apr 2021 14:45:24 +0000 https://www.steadytrade.com/?p=3276 It’s never easy to start from scratch. It takes a lot of hard work and support from the right people to reach breakout success. Jack Kellogg built a solid foundation that allowed him to do exactly that.* In this week’s episode, hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen welcome Jack back to the […]

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It’s never easy to start from scratch. It takes a lot of hard work and support from the right people to reach breakout success. Jack Kellogg built a solid foundation that allowed him to do exactly that.*

In this week’s episode, hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen welcome Jack back to the podcast. Today, they get the lowdown on what it took for this incredible trader to get ahead at a young age.

Tim loves Jack’s ability to hustle. He applies focus and determination to everything he does. Even when he started out as a valet building up funds for his trading account!

Jack credits his tolerance for stress and the foundation of support he built. He breaks down how both helped him level up his trades and his life.

Listen in to find out how he designed his roadmap for success on this week’s SteadyTrade podcast!

Build a Foundation for Success

Jack started his trading career by searching for the right mentors to model. And it took him a while to find the best fit for him.

He spoke to many successful traders. Jack even followed Tim Grittani but couldn’t click with his strategies.

Then he spoke to another trader who told Jack about his unbelievable breakout success. This trader detailed how he made huge gains in the market. And it sparked inspiration for Jack. Seeing the way his mind operated gave Jack the sense that he’d find his own process soon.

Something unlocked in Jack’s mind. And he shares all the nuggets of wisdom that inspired him to create strategies that worked for him. That includes building a community of peers to share them with.

He found like-minded traders in friends Kyle, Matt, and girlfriend Mariana. They’d call each other to discuss trades. In doing so, they built a sense of camaraderie together.

In time, he made himself a multi-millionaire, currently at $6.3 million* and still going strong. And his peer group found their own breakout success as well.*

So what kept him motivated along the way? Jack shares every moment of his path to breakout success.

(*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.)

Push Your Limits

Jack saw his age as an advantage. Being young, he knew he could push his body further to meet his goals and bounce back.

He was willing to pack on the stress to reach those goals. And he did face some health challenges along the way. He even battled mono and strep throat at the same time!

You have to be ready to take what the market gives you. When the market’s hot, you have to give your all. You never know when it will end.

Jack knew this all too well. Many traders took the summer of 2019 off because it was too slow. But he stuck it out.

He put in the screen time, tracked his trades, and refined his process. When the market picked up, he was ready for it! And he continued to optimize his trades.

There were a couple of key areas he focused on to improve his trades. Tune in as he shares all the details that led to his breakout success.

Strike a Balance

You can push yourself when you need to. But you also have to be able to bounce back. Otherwise, you run the risk of burning out.

Jack’s still burning bright. And he’s learned a lot from his first leg of breakout success.

For one, he’s learned to take a day off. And he hired a personal chef to enjoy healthy meals. Plus he’s stretching his shoulders and body regularly. All sitting and no standing can make Jack a dull boy. Nobody wants that!

He’s focused on “multiple support beams” to hold up his foundation now. He’s killing it in the stock market* and thriving in life. And he’s eager to share his wisdom on “health, wealth, love, and happiness.”

Plus, he’s partnered with Kyle on an exciting new StocksToTrade feature! The new Breakouts and Breakdowns educational alert program gets into the nitty-gritty of supernova breakout patterns.

It’s where Jack and Kyle provide members with alerts, commentary, and monthly webinars. They’re dedicated to helping students get their process down pat.

What Do You Think?

What are the four pillars of your foundation? How do you stay balanced in a crazy market? When did you realize trading was the right path for you? Have you reached a level of breakout success? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our guest and hosts on social media…

Jack Kellogg 

Twitter: @Jackaroo_Trades

Profit.ly: https://profit.ly/user/Jackaroo

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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Episode 194: Jaw-Dropping Trading Ambition With Millionaire Trader Mariana* https://www.steadytrade.com/episode-194-trading-ambition-millionaire-trader-mariana/ https://www.steadytrade.com/episode-194-trading-ambition-millionaire-trader-mariana/#respond Tue, 06 Apr 2021 19:14:04 +0000 https://www.steadytrade.com/?p=3268 Trader Mariana knows trading ambition. She is, after all, the first female millionaire in Tim Sykes’ Trading Challenge.* And you can get a sneak peek of Mariana’s dedication … Hosts Kim Ann Curtin and Stephen Johnson welcome her as today’s guest! Mariana joined Tim Sykes’ Trading Challenge shortly after high school and hit the ground […]

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Trader Mariana knows trading ambition. She is, after all, the first female millionaire in Tim Sykes’ Trading Challenge.*

And you can get a sneak peek of Mariana’s dedication … Hosts Kim Ann Curtin and Stephen Johnson welcome her as today’s guest!

Mariana joined Tim Sykes’ Trading Challenge shortly after high school and hit the ground running. She’s also a longtime listener of the SteadyTrade podcast.

Ambitious from the get-go, she was eager to make her mark. Once she committed to trading as a profession, she locked in. 

But steady ambition doesn’t make trading any easier — especially without many female trader role models.

Mariana adapted. She made a friend and found herself inspired by the trading ambition of her peers.

Get a taste of her unstoppable force in this week’s SteadyTrade podcast!

(*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.)

Trading Ambition: Are Winners Born Or Made?

Mariana credits her family for their unwavering support of her trading goals. In fact, it was her father that encouraged her to skip college altogether!

He wanted her to have a career that would guarantee her independence. And he didn’t see any university as the key to making that happen. That’s a pretty cool dad!

A self-employed long-term investor, he was no stranger to taking risks. When Mariana told him about Tim Sykes’ Trading Challenge, he was all for it. 

He didn’t understand the method. But if Mariana saw it as a path to freedom, he was all for it. Especially if it would help her find a trading ambition that could match his own.

Mariana’s mother hoped she would go down a predictable route, like becoming a doctor or a lawyer. But she still supported Mariana’s choices. 

Don’t you wish all families supported trading ambition like that? 

Find out the winner’s mindset both her parents have that inspired Mariana’s success at a young age. 

Can You Choose to Turn Pro?

Mariana wasn’t sold on trading from the start. It took time for her to absorb the process and decide it was the right path for her.

She started watching hours and hours of Sykes’ videos. And felt overwhelmed by information overload. Then she took a break from the idea of a trading career.

The following year she went to Sykes’ Trader & Investor Summit in person. It changed her life for good. When she saw real live traders sharing their lessons, it felt more achievable.

But she didn’t start out loving stocks. She says she didn’t have the passion — she had to build it.

The more effort she put into her trading, the more affinity she felt for the process itself. She decided that for her, it was the best path to a career with built-in freedom.*

Mariana allowed herself to make mistakes. Instead of putting pressure on herself, she accepted the learning curves. She knew it would take time to build a career.

Then she followed game-changing advice … Tune in to find out what helped her level up with confidence.

Trading Ambition: Focus on the Process to Achieve the Goal 

Mariana spent a few months learning the process and developing as a trader. She wasn’t sure how far she wanted to take it. But she kept plugging away.

Along the way, things crystalized for her. For one, she realized she joined the Trading Challenge for a reason. And she wanted to meet a specific goal — to become a millionaire in two to three years.*

And there was one unique stock that finally took her account over the million-dollar profit mark.* On a day she wasn’t expecting it to happen!

Mariana is a stickler for the rules. She refines her process every step of the way.

When the market slows down, her trading ambition turns into trading discipline. She doesn’t take reckless trades out of boredom. In fact, she takes fewer trades than many of her peers.

She shares the lowdown on her monthly trade count and the number-one rule she follows to protect profits on slow days.

Find out what trading edge she’s working on next and her top four rules for staying consistent. It’s all in this week’s episode!

What Do You Think?

What does it take for you to commit to a goal? What inspires you to stay on the path? What keeps your trading ambition fresh? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our guest and hosts on social media…

Mariana 

Twitter: @Mari_trades

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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Episode 193: SteadyTrade Team Trader Will Beebe Shares His Go-To Chart Patterns + More https://www.steadytrade.com/episode-193-chart-patterns/ https://www.steadytrade.com/episode-193-chart-patterns/#respond Tue, 30 Mar 2021 16:40:27 +0000 https://www.steadytrade.com/?p=3262  Ever wondered how traders use the SteadyTrade Team mentorship community to hone their go-to chart patterns? Today, you can get an inside glimpse as hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen welcome guest Will Beebe. This trader shares his top chart patterns, trading process, and much more. And yep, he’s a member […]

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Ever wondered how traders use the SteadyTrade Team mentorship community to hone their go-to chart patterns?

Today, you can get an inside glimpse as hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen welcome guest Will Beebe.

This trader shares his top chart patterns, trading process, and much more. And yep, he’s a member of the SteadyTrade Team and an active participant in the chat room.

Will spent three and a half years honing his trading skills on his own. With a B.A. in economics and a minor in accounting, he thought he’d have a leg up on other traders… But trading is a whole different beast!

That’s why he pursued a trading education with the SteadyTrade Team. He knew it was the right path to take him to the next level. 

He’s now a full-time trader who loves the process of learning and sharing his top tips with others.

Check out what he shares in this episode of the SteadyTrade podcast!

Can Chart Patterns Help You Succeed?

Pro traders have a handful of go-to patterns in their toolkit. They know what works for them and what doesn’t. 

You have to find what works for you. It’s the only way to narrow down your stock search. And it’s how you discover the right opportunities for your setups.  

Tim Bohen agrees. The most important thing is focus! If you jump around all the time, it’s harder to tell how sharp your skills are. Was it you that failed … or the market? 

When you know your chart patterns in and out, you can make that call faster. If you don’t take action to close a losing trade, it’s time for you to work on discipline. It’s not the market’s fault. 

And you should improve at taking profits too. So you won’t hold on too long. And you won’t let greed take your earnings from you. 

We’ve all seen breakouts turn to fakeouts. It’s not pretty. But with practice, Will found a way to make breakout pullbacks work for him!

Bohen approves of Will’s strategy. It’s aggressive, but if you know what you’re doing, it’s a good play. And it can add good risk management to a standard breakout chart pattern. 

And it’s based on one of Bohen’s all-time favorite chart patterns! The SteadyTrade Team analyzes the nitty-gritty details of Will’s winning trade…

How Important Is Work Ethic?

Traders are in the game for the potential freedom, right? We don’t want a 9-to-5 or a boss. We want to do as we please!

But do we always get to choose? After all, the market can be pretty unpredictable. If you come and go as you please, you might not know what’s going on when you come back to your screen. 

Will reminds us you also have to be coachable. You can’t assume you already know everything about the market. You have to learn what’s hot now and adapt. 

And Will knows what it’s like to learn something new. He went from being in the military to studying at Oregon State University. He then seasoned his accounting skills. 

From there, he became a trader and later joined the SteadyTrade Team. Will even spent many hours watching market makers affect stock positions! This made him a more confident trader.

He applies his can-do attitude to trading by treating it like a business. He’s happy to put in the hours. And he sees his mind as a clean slate, eager to learn more. But it wasn’t always easy…

Finding the right process was a game-changer. When you’re on the right path, it’s easier to stay devoted.

Find out the number one strategy that took his trades from hit or miss to home runs!

What Motivates A Winner? 

No one likes to lose money. It just doesn’t feel good. But sometimes the excitement of a trade can get the better of us. Stephen’s been down that road more than once. 

But everyone has their limits. Coming up against your pain thresholds can take you in a new direction. You have to get to a point where you say “enough is enough.” 

When Will started out, he made all the mistakes newbies make. He followed alerts without knowing the why behind them. He winged it. He boomed and busted. 

When he started watching YouTube, he realized he needed a proper trading education. That’s when he decided to join the SteadyTrade Team. 

Will says, “change happens when the consequences are more than you can bear.” Thankfully, it only takes most traders one or two painful losses to change bad habits.

Bohen agrees. He got tired of throwing up on his keyboard over margin calls. The stress of short selling was too much to bear. So he turned long for good. 

It turned out there was so much to learn from long chart patterns … and he shares his winning strategies in this week’s episode.

What Do You Think?

What are your favorite chart patterns? Do you notice changes in them from day to day? What keeps you motivated to stay in the game? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

 

Follow our guest and hosts on social media…

Will Beebe

Twitter: @william_beebe

Instagram: @williambeebe37

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Quickly or Intelligently With Brock https://www.steadytrade.com/twist-quickly-or-intelligently/ https://www.steadytrade.com/twist-quickly-or-intelligently/#respond Thu, 25 Mar 2021 17:06:24 +0000 https://www.steadytrade.com/?p=3258 TWIST brings on another special guest this week — Brock.  Brock started trading in 2017 when he first signed up for Tim Alerts. Like many new traders, he believed the path to riches was easy…  So Brock decided to dig deep. He joined Tim Sykes’ Trading Challenge and worked hard at his strategy for three […]

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TWIST brings on another special guest this week — Brock. 

Brock started trading in 2017 when he first signed up for Tim Alerts.

Like many new traders, he believed the path to riches was easy… 

So Brock decided to dig deep. He joined Tim Sykes’ Trading Challenge and worked hard at his strategy for three years to become a consistently profitable trader.* 

Then, when he recognized the opportunity in 2021, he sized up BIG. 

The result? He reports having a huge January — 20x his previous best month! Check out his Profit.ly chart here.

Again, this did NOT happen overnight for Brock. And, unlike the TWIST hosts, he did it while raising a family. Kudos to Brock!

Time to dig into Brock’s incredible journey … Buckle up!

Follow your hosts and today’s guest on Twitter to keep tabs on their trading journeys: 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 192: How to Build Trading Discipline and Keep It — With Trader Victoria Prince https://www.steadytrade.com/episode-192-how-to-build-trading-discipline/ https://www.steadytrade.com/episode-192-how-to-build-trading-discipline/#respond Tue, 23 Mar 2021 18:30:01 +0000 https://www.steadytrade.com/?p=3250 How do traders find trading discipline — and then hang onto it? Today hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen interview Victoria, aka “Crown” in the SteadyTrade Team chat room. This up-and-coming trader in the SteadyTrade Team community is no stranger to discipline. She played professional volleyball before taking a job at Fox […]

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How do traders find trading discipline — and then hang onto it?

Today hosts Kim Ann Curtin, Stephen Johnson, and Tim Bohen interview Victoria, aka “Crown” in the SteadyTrade Team chat room.

This up-and-coming trader in the SteadyTrade Team community is no stranger to discipline. She played professional volleyball before taking a job at Fox Sports. Then while on a vacation, she met a day trader while playing blackjack — and her life plans changed for good. 

After tracking high percent gainers on her own, she got into Tim Sykes’ Pennystocking Silver and then decided to join the SteadyTrade Team.

Victoria’s quite the go-getter. So what kept her hooked on the risky journey of trading? And how does she maintain discipline in a chaotic market

Tune in to this week’s SteadyTrade podcast to find out!

How Victoria Finds Her Trading Discipline 

When markets are non-stop green like in 2020, it’s easy to think that tendies fall from the sky. Who needs trading discipline when all bets are winners … right? 

Some traders find out the hard way … The more you juggle, the harder it is to focus. And it’s not just that. Once the market slows down, throwing money at stocks to see what sticks won’t work at all. 

Victoria loves trading because it doesn’t let you off the hook. “You get what you put into it,” she tells our hosts. It’s not about who you know — it’s about how hard you’re willing to study and work. 

Of course, how the market behaves is out of our control. So what can you control? Your discipline!

That’s why Victoria always makes sure to put in a morning workout before her trading day. It helps her stay focused and improves her discipline in all aspects of life. 

And even after steady progress in trading, she still puts in 10 hours of study time every week. That’s trading discipline, all right. 

She says that level of commitment helped her go pro. And she reports she’s been going strong for a couple of years, day in and day out.

Victoria even applies trading discipline to position sizing. Everyone wants to conquer the PDT (pattern day trader) rule. But Victoria thinks it pays to start small. Don’t size up until your percent gains do.

Stephen agrees. The more you trade, the more risk you take on. That means more challenges to your trading discipline.

So how does a trader keep winning? For Victoria, it’s focusing on the right patterns. Tune in to find out her favorite patterns as a beginner and now as an experienced trader.

Trading Discipline and Remembering Losers

Everyone loves to bask in the glory of big wins. They boost confidence. They make you feel like the trading journey is worth it. But is overconfidence the enemy of trading discipline?

Victoria thinks so. And she keeps a “losing journal” dedicated to her losing trades. 

Tim Bohen thinks that’s great. He wants to remember his losers the most. Why? He wants to remember what not to do again! “Cherish your biggest f*** up. ‘Cause you can lose over and over again, but you won’t mess up like that again.”

Even Stephen agrees. “Look at what’s wrong always, not just when you’re losing. If you get sloppy with success, success starts to fade without you even knowing.”

And sometimes winning is an art. One trader’s win is another trader’s edge to push. Is it a win to take quick profits even if you could’ve held for larger gains? Is it good trading discipline? The team shares their thoughts…

Plus, Victoria thinks adapting is the most important factor in turning pro. She sees newbie traders hold out for 1:3 risk/reward gains and lose all their potential gains. Part of trading discipline is accepting what the market has to offer you. 

If your stock isn’t in play anymore, get out fast! Don’t wait for it to head all the way down to your stop. Be a sniper. Get in and get out quickly! Any profit is better than a loss. 

Victoria details her best strategies, like…

Being Patient

A huge part of discipline is staying patient. Trust in your ability to succeed over the long term. 

Make sure you have a stable foundation of cash before you jump in full-time. Victoria started out with savings from her professional volleyball days. 

Most people start out with a part-time or full-time job. There’s no shame in that whatsoever. 

In fact, Bohen thinks it’s a smart thing to do. Take some of the pressure off your need to win by having another source of income. 

Traders ask him all the time when they should quit their jobs. What if trading is distracting them too much? His advice? Don’t leave until they fire ya!

For real. Make trading discipline your number-one goal. But don’t drop all your other goals until you’re absolutely sure you’ll be just fine. And there’s plenty more trading and life advice where that came from!

What Do You Think?

What keeps your trading discipline in top shape? Do you keep a losing journal? How do you celebrate your wins? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Victoria Prince

Instagram: @CrownV_16

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: What’s DWAP? https://www.steadytrade.com/twist-whats-dwap/ https://www.steadytrade.com/twist-whats-dwap/#respond Thu, 18 Mar 2021 21:59:25 +0000 https://www.steadytrade.com/?p=3246 Today’s special guest, Timothy Sykes has a hot new trading indicator — DWAP. Don’t know this one? DWAP stands for dollar-weighted average profit. But what exactly does it do? You’ll have to tune in to find out. And to hear Sykes make a great point at the TWIST hosts’ expense. Here’s just a little tease […]

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Today’s special guest, Timothy Sykes has a hot new trading indicator — DWAP.

Don’t know this one? DWAP stands for dollar-weighted average profit. But what exactly does it do?

You’ll have to tune in to find out. And to hear Sykes make a great point at the TWIST hosts’ expense. Here’s just a little tease … Sykes thinks they’ve gotten lazy. 

How lazy? Well, they missed the best opportunities of the day. 

Time for top trading mentor Tim Sykes to instill some trading basics. Have the TWIST hosts forgotten all the lessons that helped them become millionaire traders?* And can Sykes pull them back to trading reality? 

Dig into the episode now — you don’t want to miss it.

Follow your hosts on Twitter to keep tabs on their journeys in trading: 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 191: Kim Coaches Stephen Again: The Psychology of Losing Trades https://www.steadytrade.com/episode-191-the-psychology-of-losing-trades/ https://www.steadytrade.com/episode-191-the-psychology-of-losing-trades/#respond Tue, 16 Mar 2021 15:06:32 +0000 https://www.steadytrade.com/?p=3242 Today host Kim Ann Curtin takes another look at the motivations behind Stephen Johnson’s losing trades. After a big winning streak, another side of him took over. Everyone places losing trades at some point. It’s an inevitable part of the game. But is there something in us that seeks to make them worse?  Today’s episode […]

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Today host Kim Ann Curtin takes another look at the motivations behind Stephen Johnson’s losing trades. After a big winning streak, another side of him took over.

Everyone places losing trades at some point. It’s an inevitable part of the game. But is there something in us that seeks to make them worse? 

Today’s episode takes a deeper look at the psychology behind losing trades. Why do we get in our own way when things are going well? 

Find out on this week’s SteadyTrade podcast.

We Hate Losing Trades … or Do We? 

Everyone wants to win. We want freedom, tendies, and bragging rights. But is that all we really want out of life? 

In an industry where everyone’s quick to post their gains and stay silent on their losses, it can seem like winning is all we need.

So is it possible to stay at our best when we’re on a winning streak? After all, overconfidence can get the best of us. Especially when tickers start printing money like crazy. 

The human brain is wired to get used to things. So if you’ve been on a roll, it’s good to check your mindset. Are you still in the zone that got you started on your winning streak? It’s smart to evaluate if something else has taken over…

Stephen shares a recent trade that nearly blew up his account. He’s especially disappointed because he’s been there before. So he knew what he was doing but just couldn’t stop himself!

Stephen studied the trade and saw that it didn’t fit his trading checklist. In fact, he could tell it would go against him, but he still took it anyway.

It’s human to make mistakes — and to even make them on purpose.

But if we know better, why don’t we always do better? Why isn’t knowing enough to make us stop losing trades? 

It’s possible there’s something we want more than winning … Or that we’re so afraid of losing we do it on purpose to prove we can get past it. There’s plenty of trading psychology to dig into in this episode.

Loss Is Temporary

When we’re winning, it feels amazing, and we want it to last forever. No one wants to experience the setback of losing trades ever again. 

But we can still learn from our losses… 

When a feeling is fresh and compelling, our brain imagines it will last forever. If it’s a good feeling, we’re happy with that idea. If it’s a bad feeling, we’re afraid of it…

We start to wonder if there’s something wrong with us. What if we keep losing? It’s important to remember that every experience is temporary. Winning is temporary — and so is losing. 

When it comes to trading, winning means staying in the game. That doesn’t mean bag holding your losing trades and making them worse. That means cutting your losses quickly, with enough money left in the pot to trade another day.

It’s the same thing with our personal lives. Kim shares a vulnerable story about her crush on a longtime friend. Her crush was too big to ignore, but she didn’t want to tell him about it. She was scared to feel the pain of rejection. 

Then a friend gave her some wise advice about resilience…

The new perspective was just the motivation she needed to stop pining and take a chance. And this lesson absolutely applies to trading.

What Can You Gain From Losing Trades?

Many traders feel ashamed of their losses. A loss feels like rejection.

But is it possible to gain something from a loss

After all, everyone loses at some point. So could you feel a sense of connection when you have a similar experience as someone else? Even if that person’s halfway across the world and you connect online? 

Kim and Stephen discover some surprising truths about staying connected during stay-at-home orders. Tune in to hear how they’ve impacted his trading game. 

It’s not enough to know the right technicals, the right strategies, and the right stocks in play. You have to know why you’re in the game in the first place. 

That will keep changing the longer you trade. Turns out you can’t ignore your emotions. They’re a big part of your ongoing trading journey. 

The better you know yourself, the more decisive you’ll become. 

To take the trade … or not to take the trade? That is the question.

The answer depends on you. When you understand what you want from the trade, you’ll gain something better than a win or a loss — resilience and potential freedom. 

Isn’t that what every trader wants? 

What Do You Think?

Is there a pattern behind your losing trades? What inspires you to stay committed to trading? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

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TWIST: Riding the Meme Hype https://www.steadytrade.com/twist-riding-the-meme-hype/ https://www.steadytrade.com/twist-riding-the-meme-hype/#respond Thu, 11 Mar 2021 19:41:32 +0000 https://www.steadytrade.com/?p=3237 The last couple of weeks in the market have been … slow? That’s all relative. At the very least, the recent market action has been slower than the last couple of months. But even in this “slow” market… there are piles of opportunities. Traders just have to be willing to look.  Today, our three TWIST […]

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The last couple of weeks in the market have been … slow?

That’s all relative. At the very least, the recent market action has been slower than the last couple of months. But even in this “slow” market… there are piles of opportunities.

Traders just have to be willing to look. 

Today, our three TWIST hosts discuss that, plus they get into the A+ opportunity that arose out of the meme stocks.  

These plays aren’t in anyone’s standard playbook. But for experienced traders, they can mean incredible opportunities. Tune in and learn how now.

Grab your notebook … it’s time to level up. 

Follow your hosts on Twitter to keep tabs on their journeys in trading: 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 190: Kim Ann Curtin Makes Her First Trade + Lessons for Newbie Traders https://www.steadytrade.com/kim-ann-curtin-makes-her-first-trade-lessons-for-newbie-traders/ https://www.steadytrade.com/kim-ann-curtin-makes-her-first-trade-lessons-for-newbie-traders/#respond Tue, 09 Mar 2021 16:34:37 +0000 https://www.steadytrade.com/?p=3231 Today hosts Tim Bohen and Stephen Johnson celebrate Kim Ann Curtin’s first trade! Newbie traders rejoice — you have one more on the team! And her first time was one for the books.  Everyone’s chasing after tendies these days … but are there enough to go around? Goldman Sachs seems to think so. Even they’re […]

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Today hosts Tim Bohen and Stephen Johnson celebrate Kim Ann Curtin’s first trade! Newbie traders rejoice — you have one more on the team! And her first time was one for the books. 

Everyone’s chasing after tendies these days … but are there enough to go around? Goldman Sachs seems to think so. Even they’re chasing after retail traders these days. 

There’s never been a better time to get started in the markets. So how did Kim’s first trade go? And how can newbie traders find an edge before wrecking their accounts? 

Find out on this week’s SteadyTrade podcast.

Kim Officially Joins the Newbie Traders!

It’s never easy to be the new kid on the block. And the stock market’s no small block. Millions of stay-at-home folks have taken to trading as a side hustle.

Can trading pay off for newbie traders or is it just a way to pass the time? Either way, it can fill your laptop full of octane!

That intensity is what pushed Kim into her first trade. And she chose a sizzling hot sector to start with.

She reports her trade was hot, hot, hot. She patiently watched it as an overnight swing … But did she sell just in the nick of time? Tune in to hear the full details from Kim.

One thing’s certainly clear … Timing’s everything in trading. And it doesn’t always work in our favor.

Stephen knows. He’s got years in the game, but sometimes the excitement of a trade gets the better of him. Especially when things have been quiet for a while. The plan to stay disciplined can lose out to the need for adrenaline.

Stephen says, “Everyone has a plan until they punch you in the face.” They would be everyone on the other side of your trade…

Traders can mentor each other. You chit-chat over your best tips and tricks, but ultimately, it’s you and your screen against everyone else.

He shares a recent loss that almost took him down. So what were the consequences? Stephen bares all the emotions and thoughts behind his risky trade. More importantly for newbie traders, he shares what he learned from it.

Do Emotions Matter in the Markets? 

Some traders say it’s best to ignore your emotions. But if you ignore them completely, they’re more likely to sneak up on you. 

So what’s a newbie trader to do? You have to learn to see your emotions clearly. If you’re feeling greedy, acknowledge that. Angry and in the mood for revenge? Acknowledge that and call yourself out.

You can’t change something until you admit it’s there. Once you recognize the emotion you’re feeling, you can CHOOSE not to act on it. That’s how you conquer your gremlins

And it’s not a one-and-done deal. The longer you trade, the more you’ll learn about how your mind works. Whether you’re a newbie trader or an expert, your mind will find a way to throw you a curveball. 

At the end of the day, it’s not you against other traders … It’s you against you!

After years of coaching professional traders, Kim’s full of knowledge and ready to take the trading plunge. She wants to put “skin in the game.”

And as for her first-ever live trade … Kim reports she had to overcome a huge temptation to steer her first trade in the right direction.

Find out what she did to make Bohen proud. Will she jump back in for round two?

Focus on Your Own Game

We learn best from other pros. There’s nothing like wisdom from a mentor who’s been in the game a long time and wants to help you find your way.

But sometimes, time spent online can mean exposure to traders who brag more than they help. Those traders only post their wins. They don’t admit to their losses or the challenges along the way.

Plus, if they’ve been at it a while, chances are they have bigger accounts than most newbie traders. The pressure to succeed can work for or against you.

If you compare your trades to pros, you might feel like you need to take bigger risks to catch up.

But as Bohen likes to remind us, success is a long game. And you have to start where you are.

The key is to acknowledge what you want. If you want to be in a pro trader’s shoes someday, it’s OK to admit that. But then you must accept that it takes a lot of hard work, discipline, and concentration to get there.

Nothing happens overnight. It’s great to let friendly competition motivate you to do better. But once you know what you want, focus on your own game.

What Do You Think?

Do newbie traders have a fair chance against the big guys? What does it take to outsmart the “tutes?” We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Is The Hot Market Over? https://www.steadytrade.com/twist-is-the-hot-market-over/ https://www.steadytrade.com/twist-is-the-hot-market-over/#comments Thu, 04 Mar 2021 18:17:06 +0000 https://www.steadytrade.com/?p=3228 They may have been a bit early (by roughly six months) … but the three TWIST hosts were right about a market slow down.  There’s a noticeable shift in the market over the past few weeks… It feels like 2019 again.  But that doesn’t mean there aren’t plays … It just means that there are […]

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They may have been a bit early (by roughly six months) … but the three TWIST hosts were right about a market slow down. 

There’s a noticeable shift in the market over the past few weeks…

It feels like 2019 again. 

But that doesn’t mean there aren’t plays … It just means that there are fewer. 

Traders need to be picky and more cautious with their plays. 

In today’s TWIST episode, Matt, Jack, and Kyle discuss how they’ll approach this ‘new’ market. Discover the types of plays they’re watching and how they’re working to protect their recent gains. 

It’s time to adapt — tune in to find out how with TWIST!

Follow your hosts on Twitter to keep tabs on their journeys in trading: 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 189: “The Buy Side” With Turney Duff: Whose Money Is Really Smarter? https://www.steadytrade.com/episode-189-the-buy-side-with-turney-duff/ https://www.steadytrade.com/episode-189-the-buy-side-with-turney-duff/#respond Tue, 02 Mar 2021 17:51:00 +0000 https://www.steadytrade.com/?p=3221  Today hosts Kim Ann Curtin and Stephen Johnson interview Turney Duff, author of “The Buy Side: A Wall Street Trader’s Tale of Spectacular Excess.”  Kim found the book so riveting she read it in two sittings! Turney Duff’s Wall Street career spanned 15 years during an exciting time. After accomplishing many goals, he set […]

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Today hosts Kim Ann Curtin and Stephen Johnson interview Turney Duff, author of “The Buy Side: A Wall Street Trader’s Tale of Spectacular Excess.” 

Kim found the book so riveting she read it in two sittings!

Turney Duff’s Wall Street career spanned 15 years during an exciting time. After accomplishing many goals, he set his sights on making it to the buy-side. And make it he did. 

But don’t worry, he loves to root for the little guy. In this SteadyTrade episode, he shares plenty of hard-won wisdom. 

(As an Amazon Associate, we earn from qualifying purchases.)

Where’s the Smart Money?

Wall Street traders have long referred to themselves as “smart money” and retail traders as “dumb money.” 

And they still do it. But Duff thinks those monikers aren’t true anymore. To him, if you can identify the market you’re in, you’re starting off on the right foot. 

Duff used this wisdom to choose the right trades. These days, it’s easier than ever to find the information you need. Always know where the overall market is and which sectors are trending. 

If he can do it, Duff thinks you can too. He believes the ability to find an answer is equally as good as knowing the answer. And he says this belief took him all the way to the buy-side. 

It wasn’t easy for him. He was a B student with a less than stellar SAT score. And he still made it to the buy-side! How? He works to turn his shortcomings into his strengths. In this episode, he shares what drove him to find success.

What Does Wall Street Have to Offer?

Like any business or profession, it helps to have the right relationships. Kim and Duff agree. It’s nice to have a team to learn from and grow with.

Duff credits his Wall Street success to building relationships. And opportunities aren’t always obvious at first. He recalls a time when he didn’t get a job — but he made a new contact. And that opened the door to an opportunity down the line. 

But how smart is Wall Street really? It turns out Wall Street traders have shortcomings just like retail traders. Yep, even on the buy-side.

Turney recalls an incident from when he was a head trader on the buy-side. Someone on his team set a price at which they wanted to buy a security. Then the market dropped 5% — but his teammate couldn’t bring himself to buy it. What happened? 

As Duff says, it’s one thing to set a goal in theory and another to execute it in reality. When the security reached his buy-side price target, the sudden market drop scared him. Duff reminded his teammate that nothing fundamentally changed about the security. And it was time to buy.

So what sets a Wall Street trader apart … or any trader for that matter? The ability to anticipate AND to take action. After all, “being late is the same thing as being wrong.”

Tune in to hear the three most important lessons that can help you improve your skills as a trader. 

The Buy-Side: Smart vs. Wise

Success is more than the number on your trading account. 

Kim, Stephen, and Duff dive deep into trading highs and lows. 

Duff admits he’s struggled with dysthymia, a mild but persistent form of depression. He credits the condition with allowing him to accept losses more easily than his peers and move on. 

At the same time, it’s easy to become disillusioned when big numbers in your bank account don’t make you happier. 

Stephen knows what that’s like. He says happiness is the moment before you need more happiness. In other words, it’s a temporary feeling that leaves you wanting more. 

Duff discovered that accepting what each day brings helps give him the peace he desires. This and helping other people helped him achieve “serenity.” 

And he believes you’ll attract the kind of person you are spiritually and mentally. So if you want to improve the relationships in your life, you have to look inside yourself.

Find out what Turney and Stephen agree makes for smart focus both on the buy-side and in life.

What Do You Think?

Does every trader have a fair chance in today’s market? What drives you to succeed? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Get more from today’s special buy-side guest…

Follow Turney Duff on Twitter at @turneyduff or on LinkedIn.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Special Guest Jack Daniel (No7) https://www.steadytrade.com/twist-special-guest-jack-daniel/ https://www.steadytrade.com/twist-special-guest-jack-daniel/#comments Thu, 25 Feb 2021 22:10:46 +0000 https://www.steadytrade.com/?p=3216 Today’s episode is a treat!  No… not the Bryce Tuohey kind.  Today, the three TWIST hosts sit down with Tim Sykes’ newest millionaire student: Jack Daniel.*  Contrary to popular belief, Jack Daniel is NOT an overnight success.  His journey dates back over five years to his senior year of high school. That’s when he decided […]

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Today’s episode is a treat! 

No… not the Bryce Tuohey kind. 

Today, the three TWIST hosts sit down with Tim Sykes’ newest millionaire student: Jack Daniel.* 

Contrary to popular belief, Jack Daniel is NOT an overnight success. 

His journey dates back over five years to his senior year of high school. That’s when he decided to forgo his lacrosse practices to study penny stocks. 

In the years that followed, Jack never gave up on his dream of becoming a successful penny stock trader. His dedication carried over into his formal education … It led him to begin a graduate degree in quantitative finance. 

But don’t worry — this episode isn’t too technical. Instead, the hosts focus on Jack’s dedication and the lessons he learned from his first “real” account blow-up. Jack shares so much, including the steps he took to rebuild both his account and his confidence. 

Follow your hosts on Twitter to keep tabs on their journeys in trading: 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 188: Can Retail Traders Really Beat Wall Street at Its Own Game? https://www.steadytrade.com/episode-188-retail-traders/ https://www.steadytrade.com/episode-188-retail-traders/#respond Tue, 23 Feb 2021 17:33:48 +0000 https://www.steadytrade.com/?p=3211 The $GME battle between retail traders and hedge funds could mean a big power shift for Wall Street.  Today hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson break down what could be the craziest day in market history.  Tim says since the first episode with former market maker J.J, it seems like the ‘matrix’ […]

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The $GME battle between retail traders and hedge funds could mean a big power shift for Wall Street. 

Today hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson break down what could be the craziest day in market history. 

Tim says since the first episode with former market maker J.J, it seems like the ‘matrix’ has blown wide open. People now see the corruption in the markets and it could mean a distinct power shift.

Retail Traders Unite!

WallStreetBets united traders in a common goal. To rise up collectively and say, as Stephen puts it, “F*** the system.”

Stephen says hedge funds have manipulated and controlled things for so many years. He loves to see retail traders come together to overturn hedge funds “and make them blow up.” In his opinion, it’s a wonderful time to be a trader.

Tim says the WallStreetBets traders have taken one of his favorite strategies and dumped gasoline on the fire … But on a much larger scale and with massive amounts of volume.  

The influx of new traders into the market has undeniably increased the volume and volatility… 

How’s Stephen trading through the madness? Tune in to hear how he’s still finding shorting opportunities, even when it seems like stocks only go up. 

Tim says the volatility is great when a trade works, but it’s dangerous when it goes against you. He warns traders it’s more important than ever to have a stop and stick to it. 

Can Retail Traders Really Beat Wall Street at Its Own Game?

Tim’s passionate about trading and the markets so he’s happy to see it becoming so popular. 

Kim says capitalism isn’t the problem — it’s the corruption and manipulation in the system that’s the problem. People are starting to realize that…

Now, retail traders are using Wall Street’s own game against them. 

Tim says it’s not the retail traders shorting these stocks down to the ground … It’s the fat cats who have done it for decades. Now that the little guys figured it out and found an edge — they’re smokin’ the pros. And Wall Street is losing its mind. 

But Stephen notes there are smart traders and inexperienced retail traders. And it’s the inexperienced traders who chase entries and will lose in the long run. 

It takes years to gain experience. He says to put in the work now for the future. And never play stocks like $GME unless you have the discipline. 

Stephen thinks the stock market is the ultimate way to beat the system… 

It’s an unconventional way to potentially make a good living — if you study your butt off.  

Kim says day traders are the ultimate entrepreneurs. You have to be responsible for yourself and keep yourself motivated and accountable. You need a passion for the markets and an obsession with learning. 

And if you don’t have an entrepreneurial mindset, trading might not be for you. 

In the end, you get out what you put in. 

Retail Traders vs. Hedge Funds

Stephen wants to know why hedge funds get bailed out … Nobody bails out retail traders when they blow up. 

What will the SEC do about this epic market battle? And when will this crazy market slow down? Tune in to hear where our hosts think it will go from here. 

These days, it seems like everyone’s a day trader. Tons of young traders are buying stocks from their phones — it’s like a game to many of them. 

Our hosts stress the importance of setting stops and cutting losses. 

Tim says the good thing about the WallStreetBets traders is that they know $GME is a doomed company. They’re playing the short squeeze. But there are some who are just following the crowd. And that’s when it’s dangerous to trade without a plan.   

Kim says in the end, everyone’s just trying to improve their financial situation. They want to improve their lives for themselves and their family. You can’t blame them for trying. 

What Do You Think?

Do retail traders stand any chance in a battle against Wall Street? We’d love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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Ep 187: The Former Market Maker Returns — and Weighs in on the $GME Debacle https://www.steadytrade.com/ep-187-gme-debacle/ https://www.steadytrade.com/ep-187-gme-debacle/#respond Tue, 16 Feb 2021 19:24:21 +0000 https://www.steadytrade.com/?p=3202 Former market maker J.J.’s back to share insight on the GameStop Corp. (NASDAQ: $GME) debacle and more!  Tim Bohen’s away living out a long-time dream. So today, hosts Kim Ann Curtin and Stephen Johnson grill J.J. with listeners’ questions… But first, they’re picking this former market maker’s brain about the insane action we saw in […]

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Former market maker J.J.’s back to share insight on the GameStop Corp. (NASDAQ: $GME) debacle and more! 

Tim Bohen’s away living out a long-time dream. So today, hosts Kim Ann Curtin and Stephen Johnson grill J.J. with listeners’ questions…

But first, they’re picking this former market maker’s brain about the insane action we saw in the $GME debacle. Remember that epic short squeeze and the broker trading restrictions that followed?

You definitely don’t want to miss what he thinks is really going on… 

And if you missed J.J’s first appearance on the podcast, go back and listen to episode 179 to hear him share secrets of market manipulation that blew our hosts’ minds. It’s one of our most-viewed episodes of all time. 

The $GME Debacle

Today, J.J. breaks down the $GME short squeeze and what he didn’t like about the price action when it was up. 

Were the WallStreetBets traders right about their $1,000 price target? J.J. agrees the stock should have gone that high … if there wasn’t something else going on.  

So how does he know what he’s talking about? Well, as J.J. tells Kim and Stephen, he used to get paid $200K a month to pull off the same thing the WallStreetBets traders were trying to do. He used to be a mechanic of these kinds of plays. 

His spidey sense is tingling, telling him there’s something fishy going on here… 

And people aren’t talking about it because it sounds like a tinfoil-hat conspiracy theory.

Will Hedge Funds Want Revenge?

Stephen asks if the hedge funds might strike back against retail traders after the $GME squeeze took them out. 

J.J. doesn’t think so… 

He explains that when Wall Street hedge funds blow up, it’s not the same as retail traders. They just take time off and maybe travel. Then when they come back, a prime broker will likely lend them more money. 

Hedge funds aren’t trading their own money — it’s other people’s money. It’s a job for them. 

Tune in to hear what J.J. says is the biggest difference between institutional and retail trading… 

The $GME Debacle and Brokerage Shutdowns

What about brokerages shutting down trading in certain stocks after the $GME debacle? 

J.J. says it’s “criminal.”

And what does he think is the real reason for the shutdowns? He has his opinions…

Ultimately, he thinks the brokerages should be honest with their clients. J.J. reflects on the current market and compares it to the Roaring ‘20s — it makes him nervous. 

Kim wants to get to the bottom of the payment for order flow business model that brokerages work under. Tune in to hear J.J. describe how it all works. 

It’s a lot to take in…

Listeners’ Questions About the $GME Debacle

Kim digs into the listener mailbag to ask J.J. your questions…

What’s his advice for new traders caught in the $GME debacle? He says trading is a skill you develop over time. To him, traders are better off in the long run to take time and learn what’s going on behind the chart. 

Does he think other hedge funds were jumping into $GME with the retail traders?!  

Tune in to find out what he thinks, when market makers dump shares, and what’s most important when deciding on an entry. 

And he has closing advice for listeners to avoid paralysis by analysis and much more.

What Do You Think?

What do you think is the real story behind the $GME debacle? Let us know your thoughts in the comments.

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Exhaustion Strikes Our Hosts — How Can Traders Find Focus? https://www.steadytrade.com/twist-finding-focus/ https://www.steadytrade.com/twist-finding-focus/#respond Thu, 11 Feb 2021 18:13:30 +0000 https://www.steadytrade.com/?p=3199 A hot market like this can take its toll.  It doesn’t matter whether you’re an established trader or a total newbie…  All the action can be exhausting. It’s stressful, yet exhilarating.  After nearly 12 months of madness, and three weeks of pure insanity…  The market is starting to take its toll on the TWIST hosts.  […]

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A hot market like this can take its toll. 

It doesn’t matter whether you’re an established trader or a total newbie… 

All the action can be exhausting. It’s stressful, yet exhilarating. 

After nearly 12 months of madness, and three weeks of pure insanity… 

The market is starting to take its toll on the TWIST hosts. 

And now the big question for traders… 

With seemingly endless plays, where can traders best focus their attention now?

That’s the core question the TWIST hosts take on today. So let’s dig in. Pull up some charts, tune in, and get to it. 

Follow your hosts on Twitter to keep tabs on their journeys in trading: 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode186: Stephen Johnson & Kim Ann Curtin Put Tim Bohen in the Hot Seat https://www.steadytrade.com/episode186-tim-bohen-hot-seat/ https://www.steadytrade.com/episode186-tim-bohen-hot-seat/#respond Tue, 09 Feb 2021 19:43:48 +0000 https://www.steadytrade.com/?p=3192 Today’s an extra special day here on the SteadyTrade podcast — our very own Tim Bohen is celebrating his birthday! And co-hosts, Kim Ann Curtin and Stephen Johnson are putting him in the hot seat.  If there’s anything you wanted to know about Tim, chances are you’ll learn it in this episode. No stone is […]

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Today’s an extra special day here on the SteadyTrade podcast — our very own Tim Bohen is celebrating his birthday! And co-hosts, Kim Ann Curtin and Stephen Johnson are putting him in the hot seat. 

If there’s anything you wanted to know about Tim, chances are you’ll learn it in this episode. No stone is left unturned — professionally and personally.

Tune in to hear how Tim Bohen got started in the markets, found penny stocks, and eventually became the mentor we all know and love. 

You’ll laugh … You’ll cry … And you’ll hear words of wisdom and advice from one of our favorite hosts, Tim Bohen!

Quick Note — We want to understand our listeners better! What type of trader are you? We want to know! If you have a minute or two please take this quick survey! Thanks!

Tim Bohen: The Early Years

Today’s episode starts off with a trip down memory lane with Tim as he reflects on his journey into the markets and trading. 

He started looking at stocks in newspapers when he was still in grade school. He’s a self-proclaimed dork and would watch stocks like Apple and Microsoft. In high school, Bohen subscribed to the Wall Street Journal and has been a subscriber ever since. 

In college, mutual funds were the “big thing.” So he started investing some money from his pizza delivery job. But he says he never really made any money. 

Years later, he missed the dot-com boom while he was starting his own business. 

After the boom, when his business was stable, he started putting more money into the markets. Mostly trading ‘real’ stocks. But again, he wasn’t making any money. 

Then one day, he got a recommendation on Amazon for Tim Sykes’ book, “An American Hedge Fund.” He got it … and his life changed forever. 

Tim Bohen’s ‘Aha’ Moment

Stephen asks Tim when trading ‘clicked’ for him. 

Tim says it was after reading Sykes’ book and realizing he could short penny stocks. 

Penny stocks were all flying back then — but they all eventually failed. And shorting fit Tim’s skeptical personality. That’s when he says he finally started finding consistency. 

The toughest thing about shorting was getting the locates. Tim sure wishes Dan Pipitone was around back then. 

Once trading was clicking for Tim, he sold his business to trade full time. 

He admits trading can be lonely. So when he was approached by StocksToTrade to become a trainer, he jumped at the chance. 

Now he’s never been happier in his professional career. He loves finance and helping people. 

A Day in the Life of Tim Bohen

Kim wants to know what a day in the life of Tim Bohen looks like… 

Tim breaks it all down for us — from what time he gets up, what he reads every day, to what he eats for breakfast and dinner. 

You can catch him every morning live on Instagram and YouTube for his no-cost premarket sessions. (Sign up here to get the daily recaps too.

He also gives webinars every morning and afternoon for SteadyTrade Team members. 

So … what does a ‘me’ day look like for Tim? Tune in to find out what he would do with a day off. 

Tim Bohen’s Goals for This Year

Stephen wants to know what Tim’s goals are for the year, whether it’s for trading, teaching, or mentoring…

Tim’s number-one passion is helping people. He wants to make an impact on people’s lives whether it’s small or large. And he wants to make the world a better place, every day.

It has him reflecting on his days of coaching Little League, which stirs up emotions. 

Find out where Tim gets his big heart for helping others and where he’d go if he could go anywhere in the world. 

Tim’s Advice for Life

What’s the most important advice Tim gives to new traders? Stephen’s been around long enough to know the answer. It’s the same advice Tim gave him when he started … It’s simple, yet powerful. 

Other advice from Tim … He thinks now is the best time ever to learn to trade. There’s never been more opportunities, technology, and endless information at people’s fingertips. He says there’s nothing stopping you from being a better version of yourself. 

Try new things, find what you’re interested in, have a positive mindset, and put in the work. 

No matter how bad things are or what obstacles you think you have, you can always start somewhere. You just have to take the first step. 

Plus, Tim shares the hardest thing he’s ever done … Spoiler alert! It’s not trading. Tune in to find out what it is and why Tim says the hardest things in life are the most rewarding.  

What Do You Want to Ask Tim Bohen?

Ask Tim your questions and don’t forget to wish him a happy (albeit belated) birthday! Leave your question or comment below.

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Market Insanity Continues — Rapid Fire Session https://www.steadytrade.com/twist-market-insanity-continues-rapid-fire-session/ https://www.steadytrade.com/twist-market-insanity-continues-rapid-fire-session/#respond Thu, 04 Feb 2021 20:01:31 +0000 https://www.steadytrade.com/?p=3185 While the S&P 500 floats around a 0% return this year… OTC stocks are turning up the heat.  Tim Sykes said it best: “This is 1999 all over again.” While this market certainly will NOT last forever… You can exponentially speed up your learning curve. We’re seeing the same number of plays in a DAY […]

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While the S&P 500 floats around a 0% return this year…

OTC stocks are turning up the heat. 

Tim Sykes said it best: “This is 1999 all over again.”

While this market certainly will NOT last forever…

You can exponentially speed up your learning curve. We’re seeing the same number of plays in a DAY that we used to see in a MONTH. 

One word sums it up perfectly: Insanity

Discover how these four incredible traders are handling the OTC markets … Tune in to this episode of TWIST now! 

Follow your hosts on Twitter to keep tabs on their journeys in trading: 

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 185: Bad Trading Habits to Ditch in 2021 https://www.steadytrade.com/bad-trading-habits-to-ditch-in-2021/ https://www.steadytrade.com/bad-trading-habits-to-ditch-in-2021/#comments Tue, 02 Feb 2021 21:00:00 +0000 https://www.steadytrade.com/?p=3182 The 2020 market was one for the records, and the madness is continuing in 2021. But this insane market has taught a lot of traders some bad trading habits.  In the past year, we’ve seen all-time highs in the major indices, hot IPOs, hot sectors, and huge volume. It seems like you could close your […]

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The 2020 market was one for the records, and the madness is continuing in 2021. But this insane market has taught a lot of traders some bad trading habits. 

In the past year, we’ve seen all-time highs in the major indices, hot IPOs, hot sectors, and huge volume. It seems like you could close your eyes, point to a chart, and pick a winning stock …

And that’s giving new traders some wrong ideas about how the market works.

Tune in to find out what bad trading habits our hosts, Kim Ann Curtin, Tim Bohen, and Stephen Johnson think you need to ditch in 2021. And stay tuned until the end to hear the lessons they think you need to learn to prepare to trade in any market. 

Why This Market’s Teaching Bad Trading Habits

We all know 2020 was a crazy year in the markets. And it probably won’t slow down anytime soon. But we’ll have more on our hosts’ predictions on how long this can last later…

A lot of traders are making money on the long side in this market. That’s one of the bad trading habits traders are learning — they think stocks only go up. 

But all penny stocks die eventually … Or do they? 

Stephen admits there’s money to make on both sides, but it’s tougher on the short side with everything going higher and higher. 

He thinks new traders should prepare to be humbled. And Tim agrees, “Trading isn’t easy. Nothing about it is easy.”

More and more people are comparing this market to the dot-com boom, and the term ‘market bubble’ pops up almost daily… 

Should you be worried? 

Tim warns new traders trying to learn in this market on their own to make sure they’re studying history because it often repeats.  

Is Kim Worried About Developing Bad Trading Habits? 

Stephen thinks it’s a great time for Kim to get into the market as a long trader. He says, “It’s a good time to learn bad habits.”

That’s exactly what she’s afraid of. She thinks this market is too good to be true. 

2020 was a great year to be a trader but one of the worst times for new traders to try to learn — especially on their own. 

Too many aren’t learning the right lessons. Some traders are buying stocks and doubling and tripling their accounts. That makes them think they’ve got it all figured out. Too many can believe they have a natural gift for the markets, but they don’t necessarily have a risk management strategy. 

Whether you’re going long or short, Stephen says you have to always keep losses small. 

The crazy runners in this market have our hosts asking themselves again, how long can this market last? 

Tune in to hear their opinions and why Tim says “The market is like heroin.”

The Big Question About Bad Trading Habits

So what are the good trading habits to have and what are the bad trading habits traders would be wise to ditch? 

Some habits might be good for now, but they won’t work in other types of markets. 

Listen in to hear our hosts break it all down. 

Plus, hear the best advice Stephen’s ever received from Tim. He repeats it to himself every day before he takes a position.  

Stephen thinks too many new traders aren’t trading with a plan. They’re trading based on one indicator — whatever looks good. 

And Tim has a long list of mistakes he thinks new traders are making in this market. He shares his tips on what you can do to address and change them. 

Plus, tune in to find out what he thinks is the number one bad habit traders are making in this market.

As for having a risk management strategy, Stephen says, you can be wrong but you can’t stay wrong.

Too many traders are getting away with sloppy executions. Some of them aren’t even looking at daily charts. Listen in for what he says about balancing losing and winning trades to stay in the game.  

What Are Your Bad Trading Habits? 

Has this market given you some bad trading habits? Let us know in the comments… 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Where It All Started for These 6 Top Traders https://www.steadytrade.com/twist-where-it-all-started-for-these-6-top-traders/ https://www.steadytrade.com/twist-where-it-all-started-for-these-6-top-traders/#comments Thu, 28 Jan 2021 18:18:37 +0000 https://www.steadytrade.com/?p=3178 Traders come in all shapes and sizes…  But for these top traders, they all have one thing in common … They started with Tim Sykes’ Trading Challenge. What’s really awesome is that these traders want to give back…  So today’s TWIST episode is a Q&A session with this group of traders who started in Sykes’ […]

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Traders come in all shapes and sizes… 

But for these top traders, they all have one thing in common … They started with Tim Sykes’ Trading Challenge. What’s really awesome is that these traders want to give back… 

So today’s TWIST episode is a Q&A session with this group of traders who started in Sykes’ Challenge and worked their butts off to get where they are now. 

This is our longest episode to date. And it’s LOADED with trading gems. 

Be sure to take some time to really listen and soak it all in. 

Discover how these six incredible traders got their start in the markets, how they’re trading now, and what they think of today’s market… Tune in to this episode of TWIST now! 

Follow your hosts on Twitter to follow their journeys in trading: 

*Please note that reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 184: Lessons From $ZOM: How Celebs, Social Media, & Newbies Can Move Stocks https://www.steadytrade.com/episode-184-lessons-from-zom/ https://www.steadytrade.com/episode-184-lessons-from-zom/#respond Tue, 26 Jan 2021 19:47:32 +0000 https://www.steadytrade.com/?p=3173 On today’s episode of SteadyTrade, our hosts, Tim Bohen, Stephen Johnson, and Kim Ann Curtin have a hot discussion and key lessons from $ZOM. It’s all about how celebs, social media, and new traders can move stocks — and what it means for traders. Could the lines of stock pumps and promotions be blurred forever? […]

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On today’s episode of SteadyTrade, our hosts, Tim Bohen, Stephen Johnson, and Kim Ann Curtin have a hot discussion and key lessons from $ZOM.

It’s all about how celebs, social media, and new traders can move stocks — and what it means for traders.

Could the lines of stock pumps and promotions be blurred forever? It seems like anything can move stocks in this market — tweets, Reddit, TikTok, Discord. It’s a whole new world and market. 

 And with new apps popping up almost every day, who knows what the next social media trend will be.

Listen in to hear what our hosts think about this ever-changing world of social media and what it could mean for traders now and in the future.

Lessons From $ZOM: How Celebs Can Move Stocks

Welcome to the new market madness. A celebrity — and not even an A-list celeb — can mention a stock on a video app and generate over a billion in trading volume…

That’s right, our hosts are dissecting lessons from $ZOM. If you haven’t heard, Zomedica Corp. (AMEX: $ZOM) had a recent run that all started on social media

You know our hosts will be completely honest about what they think … As Stephen puts it, “there’s something massively wrong with the world.”

But is it really so bad if new traders profit from these moves, or are they just learning the wrong lessons?  

Tune in to hear Kim and Stephen’s arguments for why runs like this, and this market, can be a blessing and a curse for new traders. 

What Lessons From $ZOM Can You Learn? 

Traders are getting caught up in market mania. So many just love a good story. 

It doesn’t seem to matter if the company is good or what the news is. It’s all about the reaction and the story.

Tim remembers another example from last year … Everyone was outraged by a Peloton commercial. People lost their minds over it. Then just a few days later they were on to the next story. 

New traders seem to get sucked into the madness all too easily. They see hot action and want to jump in. But it’s a dangerous game, especially if the market shifts. 

In the case of $ZOM, Stephen wonders if it’s new traders who bought up shares and are holding, or if hedge funds came in and are holding up the stock… 

That would be an interesting question for the former market maker who revealed the shocking secrets of stock market manipulation in episode 179. If you missed it, go back and listen now!

Does Social Media Mean This Market Is the New Normal? 

As Kim says, having computers in our pockets means people are bombarded with information all day, every day. 

People are being triggered, either negatively or positively, and it’s showing up in the markets…

So does that mean this market is the new normal? After all, smartphones and social media aren’t going anywhere anytime soon.

It has Kim worried about people. Everyone’s constantly looking for a dopamine kick and validation through social media. And the constant stimulation affects our ability to think and focus…

But it’s not all necessarily bad news. Traders can learn to take advantage of this market if they can see it for what it is. 

In Stephen’s opinion, there are still the same patterns that have been around for years — they’re just bigger. But with so many more opportunities, he admits he too is feeling the pressure to catch every move. 

This whole crazy market reminds our hosts of the book “Extraordinary Popular Delusions and the Madness of Crowds” by Charles Mackay. The book is based on past market bubbles, and, in Tim’s opinion, is a must-read. 

(As an Amazon Associate, we earn from qualifying purchases.)

Where Do We Go From Here?

In all these lessons from $ZOM, there’s a big question on everyone’s minds: Did the celeb own shares when mentioning $ZOM? 

And what’s really illegal when it comes to stock pumps and promotions? 

It seems like anyone with a sizable following on social media can mention a ticker is a good buy and it could skyrocket.

Then companies can take advantage of price increases by diluting shares. In Stephen’s words, “It’s disgusting.” He wonders when news will come out to justify the moves…

And how long can $ZOM hold up? Tune in to hear our hosts’ predictions. 

This episode closes with tips for new traders who want to use this market to learn the right lessons. Be sure to stick around to the end! 

What Do You Think?

What do you think about these lessons from $ZOM? How about celebs and social media impacting stock prices — is this the new normal? Let us know your thoughts.

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Bubble Market With Sykes & Tuohey https://www.steadytrade.com/twist-bubble-market-with-sykes-tuohey/ https://www.steadytrade.com/twist-bubble-market-with-sykes-tuohey/#respond Thu, 21 Jan 2021 19:28:20 +0000 https://www.steadytrade.com/?p=3169 What’s the last bubble market you remember?  Bitcoin … or maybe the dot-com bubble? Reality check: We could be trading in a bubble right now… Today, our three TWIST hosts sit down with two special guests — Tim Sykes and Bryce Tuohey. These five traders take on current market conditions and the biggest questions every […]

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What’s the last bubble market you remember? 

Bitcoin … or maybe the dot-com bubble?

Reality check: We could be trading in a bubble right now…

Today, our three TWIST hosts sit down with two special guests — Tim Sykes and Bryce Tuohey.

These five traders take on current market conditions and the biggest questions every smart trader is pondering now…

  • Will the hot market run continue? 
  • When will the gravy train end? 
  • And how can traders like you maximize education during this unprecedented time?

See what these five incredible traders think … Tune in to this episode of TWIST now! 

Follow your hosts on Twitter to follow their journeys in trading: 

*Please note that reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 183: Brokers, Borrows, and Short Selling With TradeZero Co-Founder Dan Pipitone https://www.steadytrade.com/episode-183-dan-pipitone/ https://www.steadytrade.com/episode-183-dan-pipitone/#respond Tue, 19 Jan 2021 19:01:05 +0000 https://www.steadytrade.com/?p=3164 Today on SteadyTrade we have a very special guest — Dan Pipitone, the co-founder of TradeZero.  If short selling plays any part of your trading strategy (hey, short squeeze), you won’t want to miss this. Our hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson sit down for an interview with Dan about brokers, borrows, […]

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Today on SteadyTrade we have a very special guest — Dan Pipitone, the co-founder of TradeZero. 

If short selling plays any part of your trading strategy (hey, short squeeze), you won’t want to miss this.

Our hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson sit down for an interview with Dan about brokers, borrows, and short selling.

Stephen calls Dan “the man who made hard-to-borrow stocks easy to short for those with small accounts.” 

And Stephen’s eager to see how Tim — a die-hard long-biased trader — and Dan get along.  

Let’s start at the beginning…

Dan Pipitone and the Idea Behind TradeZero

Dan and his partner started TradeZero in 2013 in the Cayman Islands basically because as he says, “the easy-to-borrow list at their clearing firm was terrible.” 

Back then, it was a totally different market — nothing was built into platforms. If you wanted to short a stock you had to pick up the phone and call your broker to see if there were shares to borrow. 

Dan saw a way they could automate it all to try to make it easier.

As he says, it’s one thing to be long and wrong … But it’s even worse is to know that a stock will fail, but you don’t have access to any shares.

Traders want to know “when you go to click the button, that the button is clickable.”

That’s what Day says TradeZero is all about — giving traders more access, advantages, and options. It even gives traders the ability to sell their locates back, like a marketplace. You gotta hear how this works!  

Is TradeZero Just for Short Selling? 

TradeZero doesn’t discourage long traders. But as Dan says, “there’s nothing sexy” about the availability of stock for a long trade … If your broker doesn’t have stock for you to buy, you need another broker.

For Dan, TradeZero is about the democratization of the stock market. He doesn’t think traders should be penalized for being contrarian thinkers. Having stocks available for shorting is a top priority, but having them at a decent price is a close second… 

It’s all about giving traders access to stocks so they can choose the strategy that works for them.

And what about the risks of short selling and margin? Tune in to hear Dan’s insight for new traders considering shorting as a strategy … He weighs in on the hard truths about the risks and potential opportunities. 

He’ll also share the one thing every trader needs to have to become consistent — whether you’re long biased or a short seller.  

(Want more on shorting stocks? Listen to Stephen’s guides to short selling in episode 36 and episode 37.)

Dan Pipitone on This Crazy Market

Dan says it succinctly: “It’s been insane.” The company is growing fast. So for Dan, it’s been a learning experience in how to delegate.

The number of staff members has tripled and there are some growing pains. Through all the growth, there are plenty of lessons on things done well and areas for improvement.

Dan still has plenty on his to-do list — and even wants to create a whole new level of service. Options traders may be excited to hear this…

What Do Our Hosts Think?  

Kim wants to know what sets TradeZero apart and what new traders need to know… 

Tune in to hear all the benefits Dan says this broker has to offer. It’s a long list! Commission-free trades and good borrows are just the beginning … It’s also got a paper trading feature. 

Our hosts love what Dan Pipitone has to say. For Kim, it’s been a huge eye-opener. She loves that Dan created something the marketplace wasn’t providing, and she learned a ton about short selling.

Even Tim seems excited about the possibility of easy borrows. Could he join the dark side

And Stephen credits TradeZero as the broker that made him profitable. But we know his success is really due to all his hard work. 

Tell Us What You Think!

What do you think of this interview with Dan Pipitone? Is short selling part of your strategy? Do you have trouble locating shares? Leave us a comment and let us know.

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Share your thoughts below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: January Effect — Rapid Fire Session https://www.steadytrade.com/twist-january-effect-rapid-fire-session/ https://www.steadytrade.com/twist-january-effect-rapid-fire-session/#respond Thu, 14 Jan 2021 18:44:37 +0000 https://www.steadytrade.com/?p=3158 What’s the January effect? It’s that time of year when everyone makes New Year’s resolutions… Like promises to hit the gym more… Swearing to eat healthy and ditch junk food… … and to buy penny stocks. Wait, what? Without getting too technical, a new calendar year also marks a new tax year. That means it […]

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What’s the January effect?

It’s that time of year when everyone makes New Year’s resolutions…

Like promises to hit the gym more…

Swearing to eat healthy and ditch junk food…

… and to buy penny stocks. Wait, what?

Without getting too technical, a new calendar year also marks a new tax year. That means it can be a prime time for traders to buy the most speculative penny stocks. 

Tune into today’s episode to find out what your three favorite hosts have to say about what could be the greatest January effect of all time. 

Follow your hosts on Twitter to follow their journeys in trading: 

*Please note that reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 182: Trading Preparation and Study Tips With New Trader Bram https://www.steadytrade.com/episode-182-trading-preparation-and-study-tips/ https://www.steadytrade.com/episode-182-trading-preparation-and-study-tips/#respond Tue, 12 Jan 2021 19:30:47 +0000 https://www.steadytrade.com/?p=3153 As a new trader, you hear it over and over … Trading preparation is crucial. Study, study, study!  But what exactly should you study? And how do you study effectively? That’s what today’s episode is all about as our hosts Stephen Johnson, Kim Ann Curtin, and Tim Bohen sit down with new trader Bram…  He […]

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As a new trader, you hear it over and over … Trading preparation is crucial. Study, study, study! 

But what exactly should you study? And how do you study effectively?

That’s what today’s episode is all about as our hosts Stephen Johnson, Kim Ann Curtin, and Tim Bohen sit down with new trader Bram… 

He has awesome insight into what studying, tracking data, and the right mindset actually looks like for a new trader.

Bram has been a friend of Stephen’s for about a year now. So of course you can expect some shenanigans and friendly banter … Along with a ton of useful trading information.

Who’s Our Guest? 

Bram’s only 18 years old. He’s been trading for over a year and has been interested in finance and trading since his early teens. 

 He started out with short selling but recently started going long. And he’s all too familiar with the risks of getting dumped on when longing crap penny stocks…

 Today, he’ll share with you his mindset and study habits that have helped him in his trading.

Trading Preparation — and How to Study Effectively

So, what does it mean to study effectively? What does trading preparation look like as a daily process? 

We all know Tim’s a big fan of “studying charts till your eyes bleed,” and Bram agrees with this notion. They actually have similar techniques when it comes to studying charts…

Tune in to the episode to find out what Tim’s top tip is for studying effectively and how he did it back in the so-called dark ages. He’ll also share his main trading strategy right now — don’t miss it!

Besides looking at the chart for support and resistance areas, Bram also looks at the float, whether there are possible bag holders, and if a stock has room to run. Basically, he creates a thesis or prediction based on what he sees on the chart.

According to Bram, trading preparation is essential. Without it, you’re just gambling. 

Like Stephen, Bram tracks data. Find out what they both agree can help improve your tracking results and help make sense of the sometimes chaotic market data. 

And there’s another new trader in the mix: Kim.

How Does Kim Study?

Stephen wants to know what Kim is doing for trading preparation. 

Kim reports she just got access to Tim’s daily webinars on StocksToTrade and is watching all the StocksToTrade university courses. 

She’s really enjoying the lessons, finding them clear and easy to understand. They’ve given her greater clarity and understanding of trading concepts, without all the trading jargon. 

Next steps for Kim? She’s in the process of opening her trading account. Go, Kim!

Check out the full episode to hear how Kim’s feeling about her journey so far.

Trading Preparation: Bringing It All Together

Studying effectively isn’t just about what you study — it’s about mindset, process, and focus. 

At the heart of all the traders who make it is an innate curiosity for the markets and why stocks do what they do.

A risk management strategy is also a must. Find out how Bram manages risk and cuts losses. For him, one day and one trade don’t matter — it’s about staying focused on long-term goals.

And what about the right support system?

A Sense of Community and the Right Mindset

A LOT goes into finding trading consistency. Bram believes it’s also about emotions and handling them mentally. He knows trading can be very lonely and isolating, so he makes sure to talk daily with other traders. 

Tim agrees. Kim’s helped him when he’s gone down a dark path before. Getting back on track can be easier with the right people and community by your side. 

And why try to do it on your own when you can learn from others who are already doing it?  But with so many scams and frauds eager to take your money, how do you know who to trust?

For one Bram ignores the traders with big egos. He looks for traders who are successful and transparent and filters out anyone who seems full of BS. 

Kim wants to know where Bram got his wisdom and insight into what it takes to make it as a trader at such a young age. Tune in to find out how this young trader stays well-tuned and the approach he’s taking with his career. 

Talk to Us!

What does your trading preparation look like? What are your tips for new traders? 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: 2021 Goals, Themes, & Expectations With $BNGO https://www.steadytrade.com/twist-2021-goals-themes-expectations/ https://www.steadytrade.com/twist-2021-goals-themes-expectations/#comments Thu, 07 Jan 2021 17:47:45 +0000 https://www.steadytrade.com/?p=3147 2020 was the wildest year in recent memory.  But just like a supernova stock…  What goes up, must eventually come back down.  The question everyone asks: when will that happen? Let’s look at the past. The closest market to last year’s conditions was 2000 … and that ended poorly. Opportunities dried up. 1,000% runners vanished. […]

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2020 was the wildest year in recent memory. 

But just like a supernova stock… 

What goes up, must eventually come back down. 

The question everyone asks: when will that happen?

Let’s look at the past. The closest market to last year’s conditions was 2000 … and that ended poorly. Opportunities dried up. 1,000% runners vanished. And many traders struggled. 

So … will 2021 be a repeat of 2001? Or are things really different this time?

Tune into today’s episode to find out what your three favorite hosts have to say about 2021 goals and trading. 

Follow your hosts on Twitter to follow their journeys in trading: 

*Please note that reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 181: 2020 Recap and 2021 Market Predictions https://www.steadytrade.com/episode-181-2021-market-predictions/ https://www.steadytrade.com/episode-181-2021-market-predictions/#comments Tue, 05 Jan 2021 16:10:43 +0000 https://www.steadytrade.com/?p=3139 It’s that time of year again … The start of a new year is a perfect opportunity to review 2020’s craziness and make some 2021 market predictions. Well, some educated guesses, anyway. After 2020, it seems like anything is possible in the markets… Join our hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson as […]

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It’s that time of year again … The start of a new year is a perfect opportunity to review 2020’s craziness and make some 2021 market predictions. Well, some educated guesses, anyway.

After 2020, it seems like anything is possible in the markets…

Join our hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson as they recap the hot sectors that drove the outrageous 2020 market and share personal goals for 2021. Plus, they’ll dig into what they think the market will look like in 2021. 

Make sure to check out last year’s episode. Hear how Tim and Stephen nailed some of their 2020 market predictions — despite a global pandemic nobody could’ve anticipated… 

2020 Wasn’t All Bad

Before we get into 2021 market predictions, let’s do a 2020 recap.

We all know the pandemic rocked the world and had dire consequences for people and businesses … But it wasn’t all bad news for our hosts…

Kim’s business had its best year yet. She thinks the pandemic made more people reach out for support.

Tim had one of his busiest years ever — thanks to new traders and market volatility. He’s grateful for the opportunity to help so many traders through his webinars and live videos. 

Stephens’s silver lining of 2020 was seeing the resilience and kindness in the human spirit. He also had his best year of trading ever — turning $600 into roughly $60,000.* Go, Stephen! 

Things finally clicked for him when he started tracking data and patterns. But he admits that new money coming into the market, working from home, and all the hot sectors helped…

2020 Market Recap: Hot Sectors 

Could 2020 action influence our hosts’ 2021 market predictions? Let’s look at what might spill over into the coming year…

The 2020 market moved from hot sector to hot sector … It started with low floats running at the beginning of the year. Then when the pandemic hit the market in March it was all about the virus plays — mask, sanitizer, and stay-at-home stocks… 

As virus cases and fears spread, we saw vaccine, treatment, and ventilator news start to move stocks. Then EV stocks got hot, along with crypto plays…   

Nobody could’ve predicted the market would rally back so fast from its March lows. But 2020 hindsight is 20/0, right?

People were at home with stimulus checks in hand, unsure about their income, jobs, and the economy. It makes sense that many looked for alternatives for income and some kind of control over their finances.

Looking Forward to 2021

As our hosts look forward to 2021, they discuss their personal goals…

Kim hopes to be able to look at the market and understand it without anyone explaining it.

Stephen wants to pass $100K in trading profits and eventually be on stage at the next Trader & Investor Summit. But he says he’ll put most of his energy this year into smashing Tim in the rowing competition … Look out, Tim! 

Tim got a lot of satisfaction from releasing his e-book earlier this year. He hopes to be able to put out something similar on a quarterly basis. No matter how busy he is, helping others is his passion.

2021 Market Predictions 

The big question for 2021 is will the market keep going up or is it doomed to crash? 

Kim thought it would crash six months ago, but now she’s not so sure. She thinks big pharma and EVs will be the big winners in 2021. 

Tim and Stephen share their 2021 market predictions … Do they think the market will continue to new highs? Or are we due for a correction?  

Tune in to find out what they think the 2021 market will bring for EVs, gaming stocks, bitcoin, and what it will take to slow this insane market down.  

Will all the talk of legalization bring back another weed stock run? Tim doesn’t think so… 

But all our hosts give their thumbs up to a trippy alternative that could be a game-changer for treating anxiety and depression. Although no one’s quite sure which sector that falls under…

Closing Thoughts

Whether you struggled this year or had the best year of your career — don’t be discouraged by the learning process, get physical, eat right, and get a tribe behind you. 

Connect to other traders on your level who will encourage you but also hold you accountable.  

What Are Your 2021 Market Predictions?

Do you have a market prediction for 2021? Leave us a comment and let us know what you think…

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

*Please note that reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Episode 180: Minds Blown! The SteadyTrade Crew Reacts to Market Manipulation Revelations https://www.steadytrade.com/episode-180-market-manipulation-revelations/ https://www.steadytrade.com/episode-180-market-manipulation-revelations/#comments Tue, 29 Dec 2020 17:52:19 +0000 https://www.steadytrade.com/?p=3133 Spoiler alert! Last week, a former market maker spilled dirty deets on market manipulation… So if you haven’t listened to episode 179, go back and listen to it now! This week is a follow-up to the last episode where former market maker J.J. dropped some serious bombs about market manipulation…  Now our hosts — Tim […]

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Spoiler alert! Last week, a former market maker spilled dirty deets on market manipulation…

So if you haven’t listened to episode 179, go back and listen to it now!

This week is a follow-up to the last episode where former market maker J.J. dropped some serious bombs about market manipulation… 

Now our hosts — Tim Bohen, Kim Ann Curtin, and Stephen Johnson — are ready to digest what they just heard. Find out what shocked them the most from that episode and why it felt like the cops would bust through the doors at any moment.

Market Manipulation

J.J. definitely exposed some harsh realities that our hosts weren’t quite expecting. 

Sure, all traders hear the rumors of stock manipulation and how you’re trading against an unknown ‘enemy’ in the market … But having it confirmed was still pretty shocking. 

These just aren’t the kinds of things people openly talk about. 

For Stephen, everything J.J. said was just confirmation of what he thought was going on all along…

He knew the markets have to be manipulated and rigged. If it was random, nobody would be able to profit from day trading. To him, good day traders know what the big guys are doing and follow the money. 

Stephen says the important takeaway is to know the game. If you know what’s happening on the other side, you can potentially profit from it. You can learn to recognize the price action and see these tactics play out in real-time.

Stephen is actually grateful for the market makers and promoters. Without them, there would be a lot less liquidity and volatility in the markets. 

What’s the Most Shocking Part? 

Here’s where market manipulation gets real. Tim was shocked to have his suspicion about a market shift confirmed. For eight years Tim shorted the same pattern, until one day it stopped working…

Suddenly, stocks started ripping back up and squeezing. 

J.J. confirmed Tim’s suspicions about a market shift.  Although Tim knew something was up, hearing it right from a source “behind the curtain” was validation.

For Stephen, the biggest surprise was when J.J. casually mentioned they used to hold billions of shares of sub-penny stocks in offshore accounts… 

The massive scale of operations, the number of shares being traded, and the amount of money being generated is staggering. 

Kim was stunned to hear J.J. report that market makers and others work together in “packs.” It’s not just one lone wolf out there doing this. And it makes Kim wonder…

What Else Don’t We Know? 

If market manipulation is real … What else is happening behind the scenes that we don’t know about? And if everyone has a good idea of what’s up, why isn’t it talked about more openly? 

Tim and Stephen think it’s because nobody cares. Most new traders just “want to make bank, bro.” And profitable traders already know the game.  

Tim also notes … If you’re a shady character with a money-printing machine, why would you tell anyone about it? 

Also, J.J.’s actions were illegal. Just being part of the conversation made Tim wonder if the cops would break down the door at any moment.

Market Manipulation: Putting It All Together 

There are a lot of layers to learn in trading and the markets. As you learn, you just get to deeper and deeper layers…

A lot of what our hosts discussed with J.J. might go over some new traders’ heads. 

And some traders might not want to go this deep into the underbelly of the markets. It’s hard enough to learn how to trade without worrying about what might really be going on. 

It’s important to stay focused. 

Tim says it goes back to the very first episode of this podcast — the number-one goal of new traders should be to stay in the game as long as possible. 

Get the screen time in and don’t take huge risks. If you lose $20 here and there, it’s no big deal, as long as you stay in the game.   

Tim was able to recognize the shift in the markets in 2015 because he was watching the markets every day. 

If what J.J. says is true, market makers are just trying to take advantage of retail traders. So every five years or so, they have to change their tactics. If you’re watching the markets every day you’ll be able to recognize when you need to make adjustments in your trading. 

Ask Us Anything!

We’ll have J.J. back on a future episode … What do you want to ask him about market manipulation? Leave us a question and it could be answered next time he’s on…

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

 

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Episode 179: Former Market Maker Shares Must-Know Trading Secrets! https://www.steadytrade.com/episode-179-former-market-maker/ https://www.steadytrade.com/episode-179-former-market-maker/#comments Tue, 22 Dec 2020 19:21:30 +0000 https://www.steadytrade.com/?p=3127 This week’s SteadyTrade podcast promises to be interesting — our hosts are interviewing an undercover market maker! OK, he’s not really undercover. But we are diving deep into the underbelly of the markets to give you a glimpse of what goes on behind the trading screens…   Our hosts Kim Ann Curtin, Tim Bohen, and Stephen […]

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This week’s SteadyTrade podcast promises to be interesting — our hosts are interviewing an undercover market maker!

OK, he’s not really undercover. But we are diving deep into the underbelly of the markets to give you a glimpse of what goes on behind the trading screens…  

Our hosts Kim Ann Curtin, Tim Bohen, and Stephen Johnson are talking to former market maker J.J.

With powerful and extremely wealthy former clients like offshore banks, CIA spooks, and arms dealers — rest assured he has plenty of stories to tell. 

He’ll share how he got started, what retail traders are up against in the markets, and why stock market manipulation isn’t all about stock price… 

Plus, he’ll also share some of his favorite tricks to dump shares on average retail traders. 

Don’t miss it!

Who Is This Market Maker? 

Our guest went from being a bouncer at a nightclub to his first trading-related job as a phone chimp (think telemarketing salesman) … Then he finally found himself “weaseling his way in” to become a market marker at a trading desk. 

Over the course of his career, he helped bring over 200 companies public and traded billions in dollar volume.

After suffering a heart attack and being technically dead for four minutes, he had a change of heart. 

Now he says it’s time to give back. He co-hosts the “Confessions of a Market Maker” podcast and is a training educator for micro futures. 

J.J. also educates retail traders on the very tricks he used to pull. His hope is that he can help save them from losing money … or at least from blowing up their accounts. 

Get the Whole Story

Stephen and Tim often discuss the ‘us vs. them’ game you face as a retail trader in the market … Well, J.J. is a former ‘them,’ and this interview with him is like a peek behind enemy lines. 

He used to be one of those guys that nobody talks about much in the market — manipulating orders, supply, and stock prices. He used to help his clients sell shares and make large amounts of money in the process. 

Everyday retail traders need discipline and to constantly study. But on the other side of the market, J.J. reports it’s about favors — along with extortion and even blackmail. That’s how he got work done. 

Part of his job was finding ways around market rules and avoiding getting arrested. 

He tells Kim, Tim, and Stephen that he’d pay off compliance officers or hire promoters — sometimes paying them with free stock or through offshore accounts. Bottom line: J.J. would do whatever it took. 

Granted, this was back when you didn’t even need ID to open a brokerage account. At one point he had 50 accounts for trading.

And that’s just the beginning…  

You won’t believe his other crazy stories from the Wild West of market manipulation in the ‘90s… 

How Stock Manipulation Really Works 

J.J.’s opinion as a former market maker is that trading is all about supply. He says demand is artificially created. 

According to him, there are two types of buying … First, there’s real buying for investment purposes. And then there’s the kind of buying you see in penny stocks — which is to increase a stock’s price. 

His job was to add liquidity to the markets so people with vast amounts of cheap shares could sell them at higher prices. 

Retail traders would see the increased volume and price and chase it. Then a market maker could slam them with supply. (Sound familiar?)

The clients and promoters who get free stock don’t care about the price … It’s all about liquidity. 

J.J. reports he’d play the Level 2 like his own personal chessboard. Tune in to learn more about how back in the day he could manipulate and move orders as he pleased.  

Secrets Your Trading Can’t Live Without

This episode is full of lessons and insight into the dark side of the markets. Be sure to tune in dive deep with this former market maker! Here’s just a quick preview…

  • J.J.’s favorite way of manipulating stock moves. 
  • The most important thing retail traders have to watch for in the current market.
  • How market manipulation still happens today — even with newer regulations. 
  • Why nobody should short Tesla, Inc.
  • The most important thing to know about a company.

And J.J. confirms one of Tim’s suspicions about recent market trends. (And yes, Tim’s REALLY excited about it!)

Get the Resources Mentioned in This Episode 

Liar’s Poker: Rising Through the Wreckage on Wall Street” by Michael Lewis

Market Wizards” by Jack D. Schwager

The Buy Side: A Wall Street Trader’s Tale of Spectacular Excess” by Turney Duff

Reminiscences of a Stock Operator” by Edwin Lefèvre

Hedgehogging” by Barton Biggs

(As an Amazon Associate, we earn from qualifying purchases.)

Talk to Us!

How did these market maker secrets open your eyes? What do you think of stock market manipulation? Leave us a comment and let us know…

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Study Today for Tomorrow’s Runners https://www.steadytrade.com/twist-study-today-for-tomorrows-runners/ https://www.steadytrade.com/twist-study-today-for-tomorrows-runners/#comments Thu, 17 Dec 2020 18:57:14 +0000 https://www.steadytrade.com/?p=3122 Top traders are shattering their own personal records as 2020 comes to a fast close…  Matthew Monaco may just say it best: “December 2020 is a banger!” Weed stocks, shroom plays, Bitcoin runs … and another dose of weed stocks…  … you’ve either got yourself a perfect storm for trading or a night you’ll probably […]

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Top traders are shattering their own personal records as 2020 comes to a fast close… 

Matthew Monaco may just say it best: “December 2020 is a banger!”

Weed stocks, shroom plays, Bitcoin runs … and another dose of weed stocks… 

… you’ve either got yourself a perfect storm for trading or a night you’ll probably regret. 

In today’s episode, our three TWIST hosts — Matt, Kyle Williams, and Jack Kellogg — discuss how they were able to ride the momentum of all this recent volatility.* 

One key reason? They’ve seen the action before on different tickers. 

Don’t miss this! Because what our TWIST hosts discuss today could just help you on future plays. 

Follow your hosts on Twitter to follow their journeys in trading: 

*Please note that reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Ep 178: Hot EVs, Bitcoin, and New Traders: How Long Can This Market Mania Last? https://www.steadytrade.com/ep-178-market-mania/ https://www.steadytrade.com/ep-178-market-mania/#respond Tue, 15 Dec 2020 22:22:43 +0000 https://www.steadytrade.com/?p=3115 Lately we’ve had EV runs, crypto runs, and the Dow hit 30K … It’s been a wild ride of even more 2020 market mania! This year we’ve seen a recurring theme. It seems every week there’s something new and crazy happening in the markets.  This week is no different.  But finally, we’re seeing some stocks […]

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Lately we’ve had EV runs, crypto runs, and the Dow hit 30K … It’s been a wild ride of even more 2020 market mania!

This year we’ve seen a recurring theme. It seems every week there’s something new and crazy happening in the markets. 

This week is no different. 

But finally, we’re seeing some stocks start to cool off. There was even a red day for EVs (gasp!).

In this episode, Tim Bohen, Kim Ann Curtin, and Stephen Johnson talk about hot sectors, how to stay safe in the trading trenches, and why this hot market might outlast the others. They also answer a listener’s question about when to take trading full time…

Market Mania: So Many Hot Sectors!

With so many hot sectors running at once — it’s like nothing Stephen has ever seen. 

Just when you think nothing else could add fuel to the EV fire, Tesla Inc. gets added to the S&P 500. 

And now the sketchiest stocks are jumping on the EV and crypto bandwagon. 

If you’re a short seller, it might seem like you’ll never trade again. But patience and timing could pay off for shorts in this market — if you have the right strategy.  

Kim weighs in with her take of the market. She’s warning new traders about the dangers. Most of them think she’s trying to talk them out of trading altogether…

It’s not like that at all, but trading is like being out there on the front lines. And you’d better be prepared for what’s coming. 

Is Everyone a Market Speculator? 

In the 2020 market mania, it seems like everyone’s talking about the market, whether they’re a speculator or trader…

Tim’s received more questions about the market this year than any other. 

Kim’s in the same boat. Everyone wants to ask her questions and get her market expertise … Even teenagers have approached her!

Tim and Kim compare this time in the markets to the dot-com boom. Was it on the same scale as this one? Maybe not so much. A lot has changed since the last raging market…

Tech and Trading 

With every Tom, Dick, and Harry piling into the market, what makes this market mania different from past booms? 

With the internet, phones, and apps growing so fast, the opportunities are right in front of everyone. Now instead of playing online games, a lot of kids are playing a different kind of game in the markets. And it’s a very real one…

New traders are entering the market without a clue about how they work. Most of them have never read a book or considered the concept of risk… 

Stephen thinks it’s nothing new — people have always gambled and placed bets. They lose money but continue to play. 

During the dot-com boom, Yahoo Finance was about the only resource out there. There were no podcasts, YouTube videos, or mentors available to help new traders… 

That makes Tim think this time is different. If traders continue to educate themselves, the momentum could sustain. There’s always been a bit of a get-rich-quick mentality in the markets, but this time people have more access to education. 

But how many new traders can lose and be replaced until there’s nobody left to replace them?

A Question From a Fan

This week, Ivan wants to know when he can quit his day job and start trading full time. He asks Stephen how much he should have saved before taking the plunge…

Stephen and Tim weigh in on the difficulties of going full time. It’s not a decision any trader should take lightly, especially if you have a family and other responsibilities. 

But it’s very unique to every trader. You have to make the decision for yourself based on your situation and your trading.

Trading’s the ideal side hustle. Sometimes that’s all it should be. And just because we’re seeing insane market mania now, that doesn’t mean it can or will last.

Your Success Depends on Your Dedication

We’ve featured Jack Kellogg on the podcast twice. Tim’s his biggest fanboy — he loves Jack’s work ethic. 

When Jack started trading, he didn’t care about anything else. That’s likely a big part of how he’s been able to find his trading success in a relatively short time.  

And that’s what it takes to make it in the market, mania or not, long term — passion and dedication! 

Kim also thinks personalities come into play. If you’re someone who can’t take criticism or accept when you’re wrong, you probably won’t make it. You have to have a sense of self-awareness and be willing to improve yourself as a trader and a person. 

What Do You Think?

How long do you think this market mania will last? If you’ve got a question or comment, please reach out!

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Treats 🍭 With a TWIST https://www.steadytrade.com/twist-treats-with-a-twist/ https://www.steadytrade.com/twist-treats-with-a-twist/#respond Thu, 10 Dec 2020 19:57:11 +0000 https://www.steadytrade.com/?p=3111 Once again, legendary TWIST co-host Jack Kellogg is out for the count as he recoups from mononucleosis (mono).  So today, two of your favorite hosts bring in the goofy, yet somehow professional, Bryce Tuohey.  Bryce was first on TWIST a couple of months ago when he crossed the $25,000 profit mark. Since that episode, he […]

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Once again, legendary TWIST co-host Jack Kellogg is out for the count as he recoups from mononucleosis (mono). 

So today, two of your favorite hosts bring in the goofy, yet somehow professional, Bryce Tuohey

Bryce was first on TWIST a couple of months ago when he crossed the $25,000 profit mark. Since that episode, he reports he’s now hit the $65,000 profit mark.* 

And Bryce has been releasing hilarious videos — SteadyTrade Treats — on the StocksToTrade Instagram and YouTube channels. His goal is to give traders of all skill levels a bite of educational comic relief during the stressful trading today. Who doesn’t need that in 2020?

Tune in to hear what Matt, Kyle, and Bryce get up this week on another Treats/TWIST crossover episode!

Follow your hosts on Twitter to follow their journeys in trading: 

*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Ep 177: Author Interview: Jack Schwager’s “Unknown Market Wizards” https://www.steadytrade.com/ep-177-unknown-market-wizards/ https://www.steadytrade.com/ep-177-unknown-market-wizards/#respond Tue, 08 Dec 2020 19:20:39 +0000 https://www.steadytrade.com/?p=3103 A few months back, we featured author Jack Schwager on the podcast to talk about his bestselling “Market Wizards” book series. Now, Jack’s back — and he’s got a new book, “Unknown Market Wizards: The best traders you’ve never heard of.” The premise of this book is unique. It focuses on “unknown” individual traders as […]

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A few months back, we featured author Jack Schwager on the podcast to talk about his bestselling “Market Wizards” book series.

Now, Jack’s back — and he’s got a new book, “Unknown Market Wizards: The best traders you’ve never heard of.”

The premise of this book is unique. It focuses on “unknown” individual traders as opposed to the institutional traders featured in his previous books.

In today’s episode, co-hosts Kim Ann Curtin and Stephen Johnson are picking Jack’s brain about the new book and learning plenty of lessons along the way. Listen and learn — the stories in this book might just prompt an ‘aha’ moment in your trading!

(As an Amazon Associate, we earn from qualifying purchases.)

About Jack Schwager

In the world of finance writing, Jack Schwager is kind of a big deal. 

SteadyTrade co-host Tim Bohen considers his original “Market Wizards” book a must-read for all traders. Jack was even featured in Kim’s book, “Transforming Wall Street: A Conscious Path for a New Future.

Jack’s entry into the world of finance was the result of happenstance. He’d just finished grad school and he needed a job. The first promising one he found? A market/research analyst position on the futures side. 

He went with it. He became fascinated with the world of finance and how it offers the opportunity for people to chart their own path. This led to his best-known work…

Bestselling Book Series 

In the late 80s, Jack wrote the book that would become the cornerstone of his career: “Market Wizards: Interviews With Top Traders.”

He connected with prominent figures in the world of finance, picked their brains, and tried to see if top traders had anything in common. 

The book was a runaway hit and led to a series of like-minded titles.

Making Friends in Finance

While Jack’s perhaps best-known as a writer, that’s not all he does. He’s also the co-founder and Chief Research Officer of FundSeeder, a firm that “seeks to find undiscovered trading talent worldwide via its trader platform.” 

And he’s also worked at hedge fund advisory firms and spent more than two decades as a director of futures research for some of Wall Street’s leading firms.

He’s made a few friends along the way. It was these connections that led to the latest addition to his Market Wizards series…

“Unknown Market Wizards”

The “Wizard” tradition continues … But this time, there’s a twist. 

For this book, instead of finding prominent hedge funders, Jack interviewed individual traders using their own accounts to build wealth.

They may be largely unknown to the investment world, but these traders have achieved great things. Here are some examples of stories from the book:

  • A trader who turned a $2,500 account into $50 million.
  • A trader who developed a unique approach to trading using neither fundamental nor technical analysis — yet still managed to make tens of millions of dollars. 
  • A trader who has developed a system that has earned them an average annual return of 337% — for more than a decade in a row. 

And so many more…

Why This “Market Wizards” Book Matters for Traders 

Jack Schwager’s latest book is perhaps his most relatable offering for the average SteadyTrade listener. 

Most listeners are individual traders starting with smaller accounts. This book offers an inspirational example of how to grow a small account, think for yourself, and chart your own path.

What You’ll Learn 

Here are some of the topics that Jack discusses with Kim and Stephen on the podcast:

  • What defines a brilliant trader … and how can you adopt some of their key traits?
  • How can the average trader develop an edge?
  • Is ‘going with the flow’ of the market really the wisest path, or is there a benefit to a contrarian approach?
  • Why flexibility is SO important for traders — and how to train yourself to lose gracefully.
  • How to bypass the FOMO and avoid distraction. 

Plus, learn why cutting losses is so important — or as Jack once famously wrote, “Being wrong is acceptable, but staying wrong is totally unacceptable.”

Ask Us Anything!

Are you a fan of Schwager’s “Market Wizards” series? If you’ve got a question or comment, please reach out!

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: How Hot Is TOO Hot? 🔥 https://www.steadytrade.com/twist-how-hot-is-too-hot-%f0%9f%94%a5/ https://www.steadytrade.com/twist-how-hot-is-too-hot-%f0%9f%94%a5/#comments Thu, 03 Dec 2020 19:54:47 +0000 https://www.steadytrade.com/?p=3098 As we round out the 2020 insanity, a storm is brewing…  Electric vehicles, marijuana, magic mushrooms, Bitcoin, COVID… Is there anything that’s not running in the markets?  2020 has been a wild year … but December is shaping up to be the hottest market we’ve ever seen.  What does this mean for everyday traders like […]

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As we round out the 2020 insanity, a storm is brewing… 

Electric vehicles, marijuana, magic mushrooms, Bitcoin, COVID…

Is there anything that’s not running in the markets? 

2020 has been a wild year … but December is shaping up to be the hottest market we’ve ever seen. 

What does this mean for everyday traders like you? And what if you’re not prepared?

Matt and Kyle break down how you can improve your trading game before the new year. 

Follow your hosts on Twitter to follow their journeys in trading: 

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Ep 176: Women in Day Trading: 4 Up-and-Coming Traders Tell All https://www.steadytrade.com/ep-176-women-in-day-trading/ https://www.steadytrade.com/ep-176-women-in-day-trading/#respond Tue, 01 Dec 2020 20:01:28 +0000 https://www.steadytrade.com/?p=3088 Traditionally, day trading has been a male-dominated field. But take it from these four women in day trading — that’s changing now. 2020 has been a huge year for trading. Earlier this year, we experienced the ‘wildest 100 days in stock market history.’ More new traders have entered the market than ever before — and […]

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Traditionally, day trading has been a male-dominated field. But take it from these four women in day trading — that’s changing now.

2020 has been a huge year for trading. Earlier this year, we experienced the ‘wildest 100 days in stock market history.’ More new traders have entered the market than ever before — and many of them are women. 

In today’s episode of the SteadyTrade podcast, co-host Kim Ann Curtin is leading a round-table discussion with four up-and-coming women traders. 

These women may come from very different walks of life, but they are united by a common passion for day trading. Learn from their stories and trading journeys — prepare to be inspired by these bold, brave, and savvy women in day trading. 

Four Women in Day Trading

For today’s episode, Kim gathered four women traders who are at varying stages of their day trading careers — from the studying phase to newly profitable.

Here’s who’s in attendance:

Tessa 

You may remember Tessa from Ep. 154: Eat, Sleep, Trade, Repeat with Single Mom and Newbie Trader Tessa Lamping. She’s a relatively new trader who’s learning the ropes while raising a two-year-old son. 

At the time of our last interview, she’d just started a live account. As she reports, after a few red months, she’s “five months green” now — and excited to see what the future holds. 

Connect With Tessa:

Website: Tessalamping.com

Twitter: @tessalamping

Michelle

When Michelle wanted to generate faster account growth than her retirement accounts could offer, she turned to day trading.

While Michelle has been in Tim Sykes’ Trading Challenge since 2018, her full-time retail manager job kept her from studying as much as she’s like. But in November 2019 she was able to quit her job and study more — and now she’s hooked.

She’s had ‘good days and bad days’ since opening a live account in February 2020, but she’s continuing to improve every day. 

Emily

At the age of 16 or so, Emily joined her parents in attending a class with businessman Dave Ramsey. It opened her eyes to “all the things you don’t learn in school” like compound interest and developing wealth. 

She knew financial literacy could help her attain financial and geographical freedom. When she discovered Tim Sykes, she felt that his day trading strategy could be the right direction for her.

Both she and her boyfriend recently joined the Tim Sykes Trading Challenge and continue to learn and improve as they go.

Connect With Emily:

Instagram: @emkirley 

Twitter: @emily_kirley

Brandy 

While Brandy’s interest in the stock market was piqued during high school, it lay dormant for years as she pursued different career paths.

But when her job was affected by the pandemic, she decided to circle back to day trading. She started studying with Tim Sykes in May of 2020. Right now, she’s still very much in the learning phase. Her biggest struggle right now? Bag holding: “once I marry a stock, I’m committed.”

Women in Day Trading: What’s Holding You Back?

The male-dominated world of the market can be intimidating for women in day trading. But today’s guests have broken that barrier. Kim wants to know: what’s their advice to other women who might want to step into this world?  

Plant Seeds and See What Grows

Since Tessa appeared on the SteadyTrade podcast a few months ago, a lot of young mothers interested in day trading have reached out to her.

They want to know: how are you able to trade while raising a toddler? 

It’s not always easy, admits Tessa. For instance, when her son jumps in her lap during a trade, she sometimes has to exit her position. She knows she won’t be able to concentrate on the trade.

Nonetheless, Tessa notes that it’s important to stick with it. You’re planting seeds now that can continue to grow as your kids do. 

That means even if you don’t have a lot of time for trading now, developing the skills will serve you as your kids become more independent and you have more time.

Invest in Your Education

Michelle shares, “I’ve always been a big fan of investing in your education.” If you believe in something, you’ve got to invest time and energy. 

“Doctors aren’t doctors overnight,” she says. Trading can be an intimidating world for some women, but if you take the time to invest in your education, you’ll be able to develop the confidence and skills to make great things happen.

Make It Happen

For a lot of women, trading is like uncharted territory. As Emily shares, at times like these, you’ve got to “carve your own path.” 

She acknowledges that women may approach money differently from men, but that’s OK. In fact, it might even be a good thing in the long run. 

She shares that by continuing to increase your trading know-how, you’re developing skills that will never “go away.” It’s like a solid foundation for continued growth.

Just Do It 

Brandy’s a fan of getting down to business. For women who may be hesitant to jump into trading, she advises, “Take the plunge and absorb the wonderful amount of support that the women in trading offer because it is phenomenal.”

Women in Day Trading: ‘Aha’ Moments and Milestones

We’ve talked about ‘aha’ moments on the podcast before. In today’s episode, Kim asks the women traders about theirs. Learn about some of their biggest epiphanies, including:

  • Knowing when to adapt. Tessa shares how she originally started trading morning panics, but when her strategy wasn’t working anymore, she had to change it up.

Learn how she got inspired by trader Jack Kellogg to try different patterns, and how it revolutionized her trading.

  • Get laser-focused. While it can be tempting to try out any and every trading technique, it scatters your attention too much to truly find consistency in trading. These women in day trading talk about the eye-opening benefits of focusing on one thing at a time.
  • Getting real with the basics. All of the women featured in today’s episode have this in common: they’re extremely dedicated to learning. They share the importance of staying humble and always going back to basic trading rules like cutting losses quickly.
  • Keep records! Brandy shares how early in her trading journey she didn’t see the benefit in saving charts — she figured she’d remember the important stuff. Nope! After consulting with SteadyTrade host Stephen Johnson, who’s been extremely diligent about tracking data in recent months, she had a turnaround. Tune in to learn about it!

Routines, Community, and Staying Motivated

These women in day trading from this episode come from very different backgrounds. They’re all from different places, came to trading with different motivations, and lead different lives.

Yet they’ve found common ground with trading. 

To round out the episode, they share the trading routines that keep them grounded, how they approach each trading day, and how they support each other to keep trading another day. Listen and learn!

Let’s Connect!

We hope you’re inspired by these go-getter women who are killing it in trading.

Did you learn anything new in the episode? Do you have any questions? Please reach out.

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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Ep 175: Weed, Greed, and Sketchy Pharmas https://www.steadytrade.com/ep-175-weed-greed-and-sketchy-pharmas/ https://www.steadytrade.com/ep-175-weed-greed-and-sketchy-pharmas/#respond Tue, 24 Nov 2020 21:25:35 +0000 https://www.steadytrade.com/?p=3080 There’s a lot going on in the wonderful world of the SteadyTrade podcast… And your ever-entertaining hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson can’t wait to share it all with you. There isn’t a particular theme for this episode, but rest assured, it’s a wild ride. You’re gonna learn a lot about the […]

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There’s a lot going on in the wonderful world of the SteadyTrade podcast…

And your ever-entertaining hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson can’t wait to share it all with you.

There isn’t a particular theme for this episode, but rest assured, it’s a wild ride. You’re gonna learn a lot about the stock market … and life in general. 

Don’t miss an eclectic yet informative episode that covers all sorts of topics, ranging from a potential weed stock run to Tim’s new ebook to technical analysis and beyond. Plus, Kim’s in the hot seat — how’s her trading career progressing?

Awesome Milestones for the SteadyTrade Crew 

So much is happening…

Kim’s making baby steps toward trading. But perhaps of equal importance, she finally watched “Roadhouse” — per Tim’s orders in Ep. 174.

Stephen bought an investment property. Our little boy is all grown up! 

Tim’s announcement is going to bring traders plenty of joy — he has a new ebook coming out entitled “Trading Made Simple — 10 Trading Patterns You Need to Know.” More details to come soon, so stay tuned.

SteadyTrade Podcast Mix Tape

Today’s episode may not have a single theme, but the crew covers plenty of trading-related topics. Among them…

You Can’t Lie About Technical Analysis

Some traders ‘get it.’ Others don’t. According to Tim and Stephen, it’s pretty easy to tell who’s who.

It may sound funny, but traders who only care about profits usually don’t get ahead in the trading game.

It’s the traders who are obsessed with technical analysis and perfecting their setups who tend to find consistency.

One great example? Jack Kellogg, a trader and friend of the podcast who just passed the million-dollar mark!* Learn his story in Ep. 96.

(*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.)

Discoveries and Data

Stephen is continuing to track trading data — and it’s kind of blowing his mind. “I can’t believe the market is like this,” he says.

The market continues to make some crazy twists and turns as 2020 winds down. It’s hard to stay on top of it all.

Stephen explains how he’s trying to make sense of a recent loss — and how, even with a ton of data on your side, emotions still get in the way. 

Sketchy Business

Can you believe this? 

A couple of weeks ago, Pfizer Inc. (NYSE: PFE) made a headline-grabbing vaccine announcement. The stock gapped up 20%.

The day after the announcement, the company’s CEO sold 62% of his shares. It’s true — check out the story here.

Kim sums it up pretty succinctly: “That’s insane … How is that legal?”

“It’s like the penny stock playbook!” says Tim. 

The crew talks about the implications of this move, and what they would have done in the CEO’s position.

Kim’s Trading Journey 

How’s Kim’s trading coming along? She’s been awfully quiet about it recently…

Tim and Stephen put Kim on the spot. They talk about paper trading versus live trading, and whether she might be better suited to swing trading versus day trading… 

A Mini Weed Run?

Plenty of people saw the election results as a potential harbinger of a weed run. Stocks ran for a few days … but there hasn’t been much action since. Is Weed Run 2.0 over already? Or is it just beginning…

Plus, you’ll learn that Tim and Kim were both in bands. Can you guess the totally rad band names they had? 

Talk To Us!

Did you like this episode about nothing and everything? Did you collect a nugget or two of information? Let us know if you liked it…

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Swing Trading With The Crypto Prince™ https://www.steadytrade.com/twist-swing-trading-with-the-crypto-prince/ https://www.steadytrade.com/twist-swing-trading-with-the-crypto-prince/#respond Thu, 19 Nov 2020 17:46:02 +0000 https://www.steadytrade.com/?p=3075 Sometimes life just gets in the way… But that doesn’t mean you have to stop trading.  Instead, think about how you can adapt. Consider different strategies that might suit you better. Because if you always use life as an excuse, you’ll never level up.  Today, the TWIST hosts explain how they adapt to stay in […]

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Sometimes life just gets in the way…

But that doesn’t mean you have to stop trading. 

Instead, think about how you can adapt. Consider different strategies that might suit you better.

Because if you always use life as an excuse, you’ll never level up. 

Today, the TWIST hosts explain how they adapt to stay in the market even when life becomes insane.

There’s always opportunity in the market you just have to always look for it. 

Follow your hosts on Twitter to follow their journeys in trading: 

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Ep. 174: Market Rotation: What You Need to Know to Trade On https://www.steadytrade.com/ep-174-market-rotation/ https://www.steadytrade.com/ep-174-market-rotation/#respond Tue, 17 Nov 2020 23:05:22 +0000 https://www.steadytrade.com/?p=3071 Market rotation — it’s a thing, and it happens all the time. The sector that was hot yesterday could be cold as ice tomorrow. The same setup that worked 99 times in a row for you is suddenly falling flat.  Just when you think you’ve tamed the market with your mad trading skills … it […]

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Market rotation — it’s a thing, and it happens all the time. The sector that was hot yesterday could be cold as ice tomorrow. The same setup that worked 99 times in a row for you is suddenly falling flat. 

Just when you think you’ve tamed the market with your mad trading skills … it comes back and bites you.

It’s just the way things work in the stock market. Seasoned traders understand this and don’t take it personally. But for newbies, market rotation can seem like the end of the world.

Don’t panic — instead, learn to adapt. In today’s episode, SteadyTrade podcast co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson will show you how to stay sane and steady in the face of an ever-shifting market.

Market Rotation: What’s Happening Now?

In the past few months, the stock market has been crazy. 

First, there was a market crash during the early days of the pandemic. Then stocks started spiking like crazy. Suddenly, it seemed like everyone was opening a Robinhood account. 

An influx of new traders created the wildest 100 days in stock market history.

But are things starting to shift again?

Tim, Kim, and Stephen discuss the recent changes in the stock market surrounding and following the recent election

Could this be what Tim calls the “regain of a multi-generational bull market?” Should all short sellers be put out to pasture? 

Recalling the ‘Dark Days’ 

When the world had fewer smartphones and social media channels, the stock market was a very different place. 

In the episode, Tim talks about the ‘dark days’ of the stock market — a time when it was actually very good to be on the short side of things. 

As he puts it, the pattern was predictable: a big gainer would go sideways, then fail. It was practically like clockwork.

Until it wasn’t. Things are very different now … so what changed? 

Tim and Stephen discuss cycles of going long versus going short — it all depends on the market conditions, and what types of stocks you’re trading.  

About Those New Traders…

Have you been trading for a few years? If so, you’ve probably noticed an unusual surge in new traders in 2020. Why?

Well, to name a few reasons…

  • Boredom
  • Remote work/school
  • Employment changes
  • Changes in professional sports

Oh yeah, and stimulus checks.

Tim notes that if he was in his 20s and he suddenly got a $1,200 check, he’d probably use it to start trading. 

Trading mentors and teachers are having a moment — it seems like there are YouTube and social media ads everywhere for some options trading program, or a hot new crypto hack…

But are these good developments? 

The Problem Is…

The problem with all of the new traders is that they don’t necessarily know what they’re doing. Too few understand market rotation or the patterns in the market.

But as Tim and Stephen offer, this could create opportunities for traders who do take the time to learn the mechanics of the market and key trading patterns.  

So if you want to be one of the smart traders who can benefit from a shifting market, what can you do?

Learn to Adapt

When the market’s changing fast, what’s a trader to do?

Tim says, “Hashtag #UnpopularAnswerIncoming … the best way is to be here every single day.” 

Take notes. Take screenshots. Study the market. Watch stocks every day.

No, you don’t need to trade every day — but you do need to put the work in every single day.

Tim, Kim, and Stephen discuss techniques for improving your ability to adapt. 

You’ll learn a variety of different tools and techniques for beefing up your trading constitution — from waking up early to making a gratitude list to embracing technology.

But ultimately, Stephen says, it boils down to the fire in your belly. “If you don’t have the passion and you don’t love the game then ultimately the fire will die.” 

Are You Feeling the Market Rotation?

Do you have questions about market rotation? How have you adapted to a changing market? Go ahead … ask us anything! 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Did this episode speak to you? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Is the Trading Grind REALLY Worth It? With Stephen Johnson https://www.steadytrade.com/twist-stephen-johnson/ https://www.steadytrade.com/twist-stephen-johnson/#respond Thu, 12 Nov 2020 22:33:27 +0000 https://www.steadytrade.com/?p=3065 Stephen Johnson came onto the trading scene when he discovered Timothy Sykes. Like a lot of new traders, he was skeptical at first… But unlike most traders, Stephen was determined to make this ‘trading game’ work. So he decided to hold himself accountable by documenting everything on YouTube…  He put his entire trading journey on […]

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Stephen Johnson came onto the trading scene when he discovered Timothy Sykes. Like a lot of new traders, he was skeptical at first…

But unlike most traders, Stephen was determined to make this ‘trading game’ work. So he decided to hold himself accountable by documenting everything on YouTube… 

He put his entire trading journey on display — for the whole world to see. 

Along the way, he’s had many ups and downs. But Stephen’s love for trading never faltered. Every day he’s excited to improve his skills and take what the market offers. 

In today’s episode, Stephen explains the turning points that took him from a losing trader…

… to breakeven…

… and finally to a profitable trader.* And… 

He puts the TWIST hosts in the hot seat. Stephen grills Matt, Jack, and Kyle about their journeys and how they each overcame specific obstacles. 

Tune in to find out how these traders continue to find inspiration every day! 

Follow your hosts on Twitter to follow their journeys in trading: 

*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Ep 173: Election Aftermath & What A Contested Election Means for the Market https://www.steadytrade.com/ep-173-election-aftermath/ https://www.steadytrade.com/ep-173-election-aftermath/#respond Tue, 10 Nov 2020 23:10:36 +0000 https://www.steadytrade.com/?p=3060 About that election… No matter what side you’re on, you’ve gotta admit: it’s an election unlike any other. Of course, what else would you expect in 2020? It’s been a year unlike any other.  At the SteadyTrade Podcast, we’re not interested in getting into political debates. We’re more interested in talking about how the election […]

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About that election…

No matter what side you’re on, you’ve gotta admit: it’s an election unlike any other. Of course, what else would you expect in 2020? It’s been a year unlike any other

At the SteadyTrade Podcast, we’re not interested in getting into political debates. We’re more interested in talking about how the election and its aftermath could shape the stock market. 

This episode was recorded shortly before the election results were called in president-elect Joe Biden’s favor. Listen in to hear co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson talk about the market, the election, and the emotions surrounding it all … Plus, find out their thoughts on the near future! 

A Monumental Moment 

Tim admits it: he was wrong…

A week before the election, he predicted that the market would only gap up if there was a clear and undisputed winner. However, at the time of this recording — before we had any results — the market was up, big time. 

Typically, during times of uncertainty, the markets react with uncertainty in kind. The crew talks about the monumental moment that the U.S. experienced during the election.

Stephen shares with his American co-hosts, “I know I’m not American but this is a very unique and special day … It’s monumental for you, but it’s monumental for the rest of the world too.” 

As a former resident of Dubai and Englander by birth, Stephen speaks to the opinion of foreigners on the election — you might be surprised! 

Are Politicians Good for the Economy?

The recent market spikes have Kim wondering: is the market making a split from politics? 

Talk about a debate! You won’t want to miss a lively discussion about the effect of politics and the economy on the stock market. 

Tim shares, “A lot of people say the economy isn’t the market … I disagree.” He makes an argument for why they’re irrevocably intertwined…

Regardless of how politics and the stock market are connected, one thing isn’t up for debate. President Donald Trump is very capable of moving stocks — his Twitter feed has even gained him the nickname “Pumper in Chief.”

How Will the Market Move Forward? 

Once again, at the time of this recording, the election still hung in uncertainty. 

However, what was true during the recording remains true even now — it was a really, really close race.

And nearly 50% of people may not be happy with the results. 

The crew talks about what this means — and how anger and frustration could affect not just the nation, but the stock market.

Did the Bookies Get the Election Right?

Plenty of people were trying to call the race in a most unusual way.

Not by bingeing on the news … But by following sports bookies. 

In retrospect, were they right? What does this say about an analytical, technical data approach to playing not just politics, but the stock market?

Prediction Time 

To close out the episode, our hosts each weigh in on their predictions for the U.S. and the stock market in the coming months. 

First, is it possible that the election will be contested? If so, what could happen?

Either way, there are plenty of things on the table that could move stocks — stimulus packages, taxes, continued low interest rates, a real estate boom…  

 “It could be a great time to make money,” observes Stephen. 

Is it Up For Debate?

Do you agree with the SteadyTrade hosts’ predictions for the stock market? Got questions about the episode? Hit us up!

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Does this episode get your vote? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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Ep. 172: From Poker Pro to Trading Bro: Stephen Shows His Hand https://www.steadytrade.com/ep-172-trading-and-poker/ https://www.steadytrade.com/ep-172-trading-and-poker/#respond Tue, 03 Nov 2020 16:20:38 +0000 https://www.steadytrade.com/?p=3051 Is there a strange connection between trading and poker? Can playing poker make you a smarter, more consistent trader? SteadyTrade co-host Stephen Johnson came to trading following a stint as a professional poker player. Regular listeners may also remember that in Episode 158, we profiled Ray D. of Confessions of a Market Maker — another […]

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Is there a strange connection between trading and poker? Can playing poker make you a smarter, more consistent trader?

SteadyTrade co-host Stephen Johnson came to trading following a stint as a professional poker player.

Regular listeners may also remember that in Episode 158, we profiled Ray D. of Confessions of a Market Maker — another pro poker player turned trader. 

On today’s episode of SteadyTrade Podcast, Stephen and Kim Ann Curtin go on a fact-finding mission to figure out if there’s really a correlation between finding consistency in poker and trading.

Trading and Poker: Playing To Win…

Kim just devoured a book called “The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win” by Maria Konnikova. 

In the book, Konnikova chronicles a unique experience in the world of professional poker. A total newbie, she’s fascinated by the culture and convinces a legendary player to be her mentor. 

While she thinks she’s going to be learning a card game, it turns out to be a voyage of self-discovery. The book got Kim thinking about the connection between poker and trading. 

As Kim observes, in many places in the book, it’s as if you could remove the word ‘poker’ and simply put ‘trading’ in its place. 

She started to wonder … could past poker experience inform one’s trading? 

(As an Amazon Associate, we earn from qualifying purchases.)

What’s the Connection Between Trading and Poker?

As Stephen notes, this topic couldn’t be more timely. He recently started a poker group with several fellow traders. 

So … are traders any good at poker? Who won the game? Stephen’s not gonna tell (but yeah, he totally won.)

As he observes, there are two key reasons why people exit the world of poker: 

  • It’s too difficult. 
  • They were being thrown out of casinos.

Could it be that day trading is a natural progression because it speaks to the same adrenaline-pumping risk-and-reward cycle?

How Is Trading Like Poker? 

According to Stephen, “Trading and poker are pretty much identical … but with one big side path.” 

The two endeavors have an awful lot in common.

For instance, in your first year at either, you’re being swung in all directions. You don’t necessarily know if what you’re doing is working or if you’re just lucky.

But after a year or two, you start to see patterns emerge and figure out what actually works.

One big difference? With poker, you don’t necessarily see the final hand. With trading, you get to see the aftermath. 

Is it All Just Gambling? 

Ideally, neither trading nor poker should be mere gambling. 

With both, you want a calculated edge that you can use to play the system. 

It’s a combination of experience and skill … but even so, there is the element of luck.

It’s a maddening truth with both trading and poker: even if you do everything right like tracking data and having a plan, things can still go wrong.

And even if you do everything wrong, you can still win big sometimes. 

How can traders deal with this truth? Tune in as Kim and Stephen discuss…

What Did Poker Teach Stephen About Trading?

As Stephen shares, his history in poker has helped him a lot as a trader.

For instance, it helped him keep his wits about him after a big loss. Another benefit? Honing the ability to gather information from other people and use it to your advantage when it’s your turn to play. 

He’s also willing to let things go if the odds aren’t in his favor. If he misses a stock, he doesn’t feel much FOMO: “You don’t lose by missing it.”

So … should people study poker to become traders? Not necessarily. Stephen says it’s like speaking Spanish vs. Portuguese. They’re both hard enough to learn in the first place and not instantly interchangeable. Why work harder than you have to?

Ego and Mindfulness

Segueing from the poker conversation, Kim and Stephen close out the episode with a conversation about ego, mindfulness, and emotional self-care.

Learn about their personal mental health routines, Stephen’s epiphanies during fasting, and how they avoid the ‘dopamine fix’ culture we’re living in right now. 

What Do You Think?

Do you see a connection between trading and poker? Or, do you want to comment on the mysticism of dolphins discussed in the episode?

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

*Trading results are not typical. Always remember that most traders lose and that individual results will vary. Before trading, do your due diligence and never risk more than you can afford to lose.

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TWIST: How 2020 Changed the Market With Roland Wolf https://www.steadytrade.com/twist-with-roland-wolf/ https://www.steadytrade.com/twist-with-roland-wolf/#respond Thu, 29 Oct 2020 23:34:38 +0000 https://www.steadytrade.com/?p=3046 As Kyle Williams says, “If you don’t know who Roland Wolf is … you’ve been living under a rock.”  But for those of you who are under a rock, Roland Wolf is a seven-figure trader who started his journey in 2017 with a $4,000 account.  His exponential growth is an inspiration for all three TWIST […]

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As Kyle Williams says, “If you don’t know who Roland Wolf is … you’ve been living under a rock.” 

But for those of you who are under a rock, Roland Wolf is a seven-figure trader who started his journey in 2017 with a $4,000 account. 

His exponential growth is an inspiration for all three TWIST hosts. So this week…

Roland joined the TWIST team to discuss how the market has shifted. And not only how it’s shifted this month…

But how the entire market dynamic has changed in 2020. 

This is an episode you cannot afford to miss. 

Follow your hosts on Twitter to follow their journeys in trading: 

Roland Wolf: @RolandWolf86

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Ep. 171: Part-Time Trader to Million-Dollar Milestone: Interview With Kris Verma https://www.steadytrade.com/ep-171-interview-with-kris-verma/ https://www.steadytrade.com/ep-171-interview-with-kris-verma/#respond Tue, 27 Oct 2020 21:53:08 +0000 https://www.steadytrade.com/?p=3043 Kris Verma may be having a red day, but he’s not letting it get to him. In the scheme of things, this short-biased trader reports doing pretty great. He’s only been active in the market for about three years … and he hit an incredible million-dollar profit milestone in 2020.* It’s every trader’s dream to […]

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Kris Verma may be having a red day, but he’s not letting it get to him. In the scheme of things, this short-biased trader reports doing pretty great. He’s only been active in the market for about three years … and he hit an incredible million-dollar profit milestone in 2020.*

It’s every trader’s dream to grow their account exponentially. In today’s episode of the SteadyTrade Podcast, Kris shares all of his trading secrets with co-hosts Tim Bohen and Stephen Johnson. 

Are you ready to open up your mind to what trading could make possible? 

Kris Verma’s Story

Kris can actually sum up his story in a sentence: “It’s been so surreal.”

Kris is actually a pharmacist by trade, but he’s always had a side hustle. For many years it was sports handicapping. Until that world changed — and he lost his edge. So he decided to venture out. When a Twitter follower mentioned trading, Kris was intrigued.

Kris says he’s had a long-standing interest in math, statistics, and probability theory … “So when trading was presented to me as an option to make money, it always interested me because I always wanted to use statistics to get an edge in the market.” 

Finding His Strategy

Given his time spent in the sports betting world, Kris Verma thought he’d have a leg up with trading:  “I thought it’d be so easy.” 

Not so much. As he puts it, “with trading, you have so much room for self-sabotage.” He’d never had to learn the emotional discipline before — and contending with common trading mistakes like bag-holding was a big challenge for him. 

(Note: Want more real talk? Check out Ep. 167: Hard Trading Truths with Dr. Daniel Crosby.)

In the episode, Kris talks about his learning curve — and the process of figuring out his strategy.

He started out as a long trader buying bounces before switching to the short side of things. But he’s quick to admit that short selling isn’t necessarily for newbies: “It’s not as easy as us short sellers make it out to be.” 

It didn’t take Kris all that long to go from a total newbie trader to what Stephen calls “a monster short,” but that doesn’t mean the journey has been totally smooth. Wanna know more? He’s totally transparent about his wins and his losses — follow him on Twitter

Adapt or Die 

For some traders, 2020 has been a banner year. For others, it’s been full of despair. 

One big difference between these two camps? The ability to adapt. 

A year ago, the market was a very different place. Now, the volume and volatility — particularly for small-cap stocks — is unlike anything traders have ever seen. 

This isn’t necessarily a bad thing. However, it does require changing one’s strategy. 

Kris explains that there are new patterns now. The whole landscape of trading is new. He talks about how he’s adjusting his criteria to trade appropriately in ‘the new normal.’

Kris Verma on Hitting the Million-Dollar Mark

How has hitting the million-dollar mark changed trading for Kris? It hasn’t all been good … He admits that he’s had some of his biggest losses since then! 

Aspiring traders won’t want to miss the frank discussion of the trouble with sizing up — your winners may be bigger, but your losses are, too. 

Plus, right now is a very challenging time for short-sellers. The market’s dominated by longs in late 2020, and shorts are being massacred according to Stephen. 

Kris talks about the ebb and flow of the market and how things even out eventually. The question is whether you can be patient enough to wait it out…

What’s Your Edge?

According to Kris, too many traders just want to make a quick buck. “There are more profitable strategies than traders who can execute them.”

His edge? Meticulous planning. Learn why he doesn’t make any important decisions on the fly. And find out how he stays safe by making every decision and determining all entry and exit points before he gets into a trade.  

Or as he puts it, “It all comes down to following your plan in the heat of the moment.” 

Trading: A Science or an Art?

Lately, Stephen’s been all about the science of trading with his data tracking. But he believes there’s an art to it too — and that intuition matters.

Not so much for Kris Verma who says, “the numbers need to dictate my actions.” He has many data points to back up every action. 

Kris explains his specific process for choosing stocks and his entry and exit points. Seriously, you can’t get this kind of advice for free anywhere! 

Got Questions? 

Did this episode get you thinking? We wanna hear what’s on your mind!

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Inspired by the episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

*Trading results are not typical. Always remember that most traders lose and that individual results will vary. Before trading, do your due diligence and never risk more than you can afford to lose. 

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TWIST: First Red Day Wizards on $NWBO 🧙 https://www.steadytrade.com/twist-first-red-day-wizards-on-nwbo/ https://www.steadytrade.com/twist-first-red-day-wizards-on-nwbo/#comments Thu, 22 Oct 2020 19:01:27 +0000 https://www.steadytrade.com/?p=3034 The pros all preach the same thing… Learn one pattern and master it before expanding your playbook. So it seems pretty safe to say that Jack and Kyle are masters of the first red day OTC short.  The setup is rare, only occurring a handful of times a month. But if you can learn to […]

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The pros all preach the same thing…

Learn one pattern and master it before expanding your playbook.

So it seems pretty safe to say that Jack and Kyle are masters of the first red day OTC short. 

The setup is rare, only occurring a handful of times a month. But if you can learn to capitalize on these unique situations…

You can be well on your way to finding consistency as a trader. 

Get your notebook ready! This one’s a doozy. There’s a lot to unpack. Make sure you take notes.

Follow your hosts on Twitter to follow their journeys in trading: 

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Ep. 170: Listener Mailbag: Market Makers, First Green Days, and Float https://www.steadytrade.com/ep-170-listener-mailbag/ https://www.steadytrade.com/ep-170-listener-mailbag/#comments Tue, 20 Oct 2020 18:18:54 +0000 https://www.steadytrade.com/?p=3026 It’s been a minute since SteadyTrade’s last Listener Mailbag episode … The team’s finally catching up on your correspondence. In today’s episode, co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson answer your questions. You’ll learn about market makers and what they can and can’t do. Plus, they tackle how to trade first green day […]

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It’s been a minute since SteadyTrade’s last Listener Mailbag episode … The team’s finally catching up on your correspondence.

In today’s episode, co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson answer your questions. You’ll learn about market makers and what they can and can’t do. Plus, they tackle how to trade first green day OTCs. And they cover what constitutes low float and why it matters … And there’s so much more.

Listen to find out if your question was chosen as an on-air topic! Plus, find out the true story behind SteadyTrade conspiracy theories — are Tim and Kim actually in the same room?

Here are some of the topics in this episode…

What’s Low Float?

Sorry, but there isn’t an official number that makes a stock low float. Tim notes that many traders consider a low float stock to have 10 million or fewer shares. However, that’s circumstantial — it depends on things like the size of the company.  

Learn more about float and what it can tell you — check out Episode 136: Float and Volume

Market Maker Manipulation

A listener wants to know … If market makers can manipulate low-priced stocks, what else can they do? 

There’s a lot of misinformation and misunderstanding about what market makers can and can’t do. Tim and Stephen set the record straight.

For example, can they manipulate higher-priced stocks? Can they release fake news? Can they help a stock break support and resistance?

Learn what goes on in the world of market makers, and why it’s so pronounced in the world of OTCs. 

Trading First Green Day Stocks

It’s so much easier to find a first green day stock in retrospect … but that kind of destroys the point.

Feel like you’re always late to the party? Curious about how traders are finding these green days? 

The crew talks about trading this strategy, and how it’s not always as easy as it seems. They also talk about traders who slay with this strategy — Roland Wolf, for instance.

Of course, even if you decide this style of trading isn’t for you, there are other options. Tim talks about how if you miss it in the morning, you’ve got a chance in the afternoon. As he puts it, “the party’s still going.” 

Why Am I Losing?

If you’re losing … you gotta find out why. Is it because you’re a bad trader, or are you just out of sync with yourself?

Kim suggests asking yourself, “What are the common denominators when you’re losing?” This can help you identify if it has something to do with your stock choices, the time of day, or even your mental state when trading…

What Data Should I Be Recording?

The SteadyTrade hosts CONSTANTLY discuss the importance of tracking your data. But what exactly should you track?

The crew has a huge variety of resources for traders who are figuring it out. Tim highly suggests checking out Season 1 of the SteadyTrade podcast, where he and Stephen go through a ton of trading basics. 

Also, don’t miss Kim and Stephen’s series on vital day trading variables: 

Will You Bring Book Club Back?

Rut roh … The crew’s gotten behind with #SteadyTradeBooks! 

Rest assured, there will be more reading in the future. Meantime, check out previous book club episodes here, here, and here … and find the full lineup of books the crew read in this episode.

To close out the episode, the crew all asks each other questions … Learn about how they’re faring during the pandemic, how Stephen’s social life is going, and what’s coming up in the near future.

Got a Question?

Wanna be featured in the next listener mailbag show? Ask us anything!

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Did you love what you learned in this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Dom’s Resurrection, OTSwizzle™ & Technical Analysis With $NWBO https://www.steadytrade.com/twist-technical-analysis-with-nwbo/ https://www.steadytrade.com/twist-technical-analysis-with-nwbo/#respond Thu, 15 Oct 2020 17:57:35 +0000 https://www.steadytrade.com/?p=3013 Dom is back! This is a must-watch lesson for ANYONE who’s struggling with trading consistency.   For those of you who aren’t familiar with Dominic Mastromatteo, he’s a hard-working and humble trader from Michigan.  While still in college, he discovered day trading, and it soon became his passion. Dom put his entire life on hold… He […]

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Dom is back! This is a must-watch lesson for ANYONE who’s struggling with trading consistency.  

For those of you who aren’t familiar with Dominic Mastromatteo, he’s a hard-working and humble trader from Michigan. 

While still in college, he discovered day trading, and it soon became his passion. Dom put his entire life on hold…

He then worked to turn his starting stake into over $200,000 using the OTSwizzle™ pattern.* 

Also … Dom played a fundamental role in the development of all three TWIST hosts. 

But then he vanished. 

Today, for the first time since the 2019 Trader & Investor Conference, Dom opens up about his journey. 

The highs…

The lows…

And how he completely rebuilt his trading style from square one. 

Follow your hosts on Twitter to follow their journeys in trading: 

*Results are not typical. Individual results will vary. Most traders lose money. Trading consistently takes years of hard work and dedication. Remember all trading is inherently risky. Never risk more than you can afford to lose.

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Ep. 169: Tracking Data & Asking Questions https://www.steadytrade.com/ep-169-tracking-data-asking-questions/ https://www.steadytrade.com/ep-169-tracking-data-asking-questions/#comments Tue, 13 Oct 2020 19:15:28 +0000 https://www.steadytrade.com/?p=3010 To new traders, the stock market can seem like utter chaos. They’re not wrong, really. The stock market is often irrational and extremely counterintuitive. 2020 has certainly proven that! But when you get down to it, there are certain patterns that repeat over and over… For smart traders, understanding how these patterns play out can […]

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To new traders, the stock market can seem like utter chaos. They’re not wrong, really. The stock market is often irrational and extremely counterintuitive. 2020 has certainly proven that!

But when you get down to it, there are certain patterns that repeat over and over…

For smart traders, understanding how these patterns play out can lead to ‘aha’ moments that can lead to greater trading consistency.

The keys to understanding stock market patterns? Getting curious and tracking your data. 

For Stephen Johnson, it all started with a question: “What do these gappers all have in common?”

In the episode, you’ll learn how he began obsessively tracking dollar volume data — and what his results reveal! Co-hosts Tim Bohen and Kim Ann Curtin are along for the ride…

Why Does Dollar Volume Matter? 

Every trader looks at volume. And every trader looks at stock prices. But few people look at dollar volume. Is that a mistake?

According to Stephen, dollar volume — a combo of stock price and daily trading volume — is “one of the most overlooked variables in the stock market.”

Psst … wanna know a secret? The point of this episode is less about dollar volume and more about tracking your data. You can actually apply Stephen’s tracking methods and scientific approach to any variable you choose.

Don’t miss our episodes on essential day trading variables:

Calculating Dollar Volume

Not every trader calculates dollar volume the same way. 

For instance, Stephen starts with the opening price and multiplies it by the day’s volume. For example, say the stock opened at $5 and the trading volume was 100,000,000 shares. The dollar volume would be $500,000,000. 

Tim, on the other hand, prefers to start with an average price versus sticking with the opening price. This helps offset the crazy numbers that can come with big premarket moves. 

There isn’t a right or wrong way — it’s all about figuring out which data is most helpful to you. 

What Stephen Learned

Stephen’s tracked hundreds of stocks to evaluate the true meaning of dollar volume, and the results are “quite interesting.”

Price and volume are kind of like dance partners — each needs the other. By tracking dollar volume data, Stephen’s getting a better understanding of what happens when demand outpaces supply … and the crazy price moves that can follow. 

Breaking Down ‘The Billionaire Club’

Stephen’s data was collected in different categories, starting with what he calls ‘the billionaire club.’ These are stocks that trade over a billion dollars in dollar volume per day. 

You’ll learn how he classifies every stock by what it does: 

  • Gap and go: When a stock keeps going higher at the open…
  • Gap and hold: When a stock stays within a 5% range at the open…
  • Gap and crap: When a stock falls apart at the open…

Plus, find out how he uses the dollar volume to anticipate potential “crazy runs.” 

Making Sense of Your Data

No, dollar volume isn’t the secret to stock market success (sorry). It’s just a piece of the puzzle.

Paraphrasing advice he received from fellow trader Jack Kellogg, Stephen suggests that you “use your data to find stocks, but use price action to trade them.”

In the episode, you’ll learn why curiosity is the driving force behind exploring any variable, whether it’s dollar volume, float, or anything else. You’ll also learn why tracking data is one of the keys to slowly improving your trading consistency over time!

Curious About Something?

Wanna know something about the episode … or about trading in general? Hit us up!

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Focusing on A+ Plays With $LKNCY https://www.steadytrade.com/twist-focusing-on-a-plays-with-lkncy/ https://www.steadytrade.com/twist-focusing-on-a-plays-with-lkncy/#respond Thu, 08 Oct 2020 17:27:16 +0000 https://www.steadytrade.com/?p=3005 The market has been slower recently. Yes, we’ve seen some runners every day, but nothing truly A+… Until Luckin Coffee Inc. (OTC: LKNCY).  This week, the three TWIST hosts analyze some of their recent trades. And they outline their LKNCY plans — EXCLUSIVELY on Apple Podcasts.  Make sure you check out the bonus content here: […]

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The market has been slower recently.

Yes, we’ve seen some runners every day, but nothing truly A+…

Until Luckin Coffee Inc. (OTC: LKNCY). 

This week, the three TWIST hosts analyze some of their recent trades. And they outline their LKNCY plans — EXCLUSIVELY on Apple Podcasts. 

Make sure you check out the bonus content here: ‎TWIST on Apple Podcasts.

Follow your hosts on Twitter to follow their journeys in trading: 

 

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Ep. 168: Swimming in an ‘Ocean of Lies’ — The Nikola Debacle https://www.steadytrade.com/ep-168-nikola-debacle/ https://www.steadytrade.com/ep-168-nikola-debacle/#comments Tue, 06 Oct 2020 16:53:40 +0000 https://www.steadytrade.com/?p=3002 Self-promotion, hyperbole, and an “ocean of lies” … Today’s episode explores what happens when a $20 billion company acts like a penny stock. Typically, bigger companies are considered more solid and trustworthy. But that may not be true for Nikola Corporation (NASDAQ: NKLA), an electric vehicle company. Turns out, it may have been a house […]

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Self-promotion, hyperbole, and an “ocean of lies” … Today’s episode explores what happens when a $20 billion company acts like a penny stock.

Typically, bigger companies are considered more solid and trustworthy. But that may not be true for Nikola Corporation (NASDAQ: NKLA), an electric vehicle company. Turns out, it may have been a house of cards … Learn what happened when it all came crashing down! 

In today’s episode, the whole SteadyTrade Podcast crew — Tim Bohen, Kim Ann Curtin, and Stephen Johnson — break down the crazy but true story of one of the stock market’s biggest pumps so far this year. 

The Problem With Nikola

Nikola seemed like the real deal. But was it just marketing?

As Stephen muses, it “all starts with the name.”

Nikola Tesla was a Serbian-American inventor. He’s largely viewed as the father of the modern alternating current (AC) electricity system. 

He was also a deeply strange dude. Apparently, he lived on warm milk and once fell in love with a pigeon (yep, see the links below).

Tesla Inc. (NASDAQ: TSLA), probably the most famous EV company in the world, is named after the aforementioned inventor. 

Nikola Inc. is unrelated to the Tesla corporation, but the name automatically creates an association. This was a pretty clever choice. From the very beginning, Nikola was able to capitalize on Tesla’s reputation — without ever having shipped a product. 

Its proposed products looked good, too. In fact, Tim was all hot and bothered about its ‘Badger’ truck. He wanted to order one! 

 Nikola was in a hot sector, highly promoted, and getting press. It seemed like it had a lot going for it…

But things aren’t always what they seem. 

As Tim puts it, this is the ultimate lesson on why traders need to be skeptical, do research, and avoid bag holding.  

The Fall From Grace 

A $2 billion deal with General Motors Company (NYSE: GM) might seem like an amazing thing. 

But for Nikola, things started to unravel shortly after the announcement. 

Within days, the Hindenburg Report released a scathing exposé: “How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America.”

Nathan Anderson penned the article. Anderson started publishing skeptical articles in the 2010s — and landed in hot water for getting a little too close to the truth. 

The SteadyTrade crew discusses how this downfall echoes the story of Theranos, a much-hyped medical company that turned out to be a massive scam. 

Learn how it all unfolded. Anderson’s article may have sunk Nikola, but ultimately, the EV company is drowning in its own ocean of lies.

The Emperor Has No Clothes 

How do companies and people get away with this kind of high-level fraud for so long?

How did Bernie Madoff do it? What about Elizabeth Holmes? And how did Nikola pull it off?

According to Kim, “it’s not just greed.” Sure, greed can play a part — but it’s more about FOMO and the fear of looking stupid. 

Learn about how these “inner gremlins” can add up to a massive snowball effect.

Lessons From Nikola

In the episode, the crew explores what traders can learn from the Nikola debacle. 

For one? Don’t be a bag holder. Right now, General Motors could be the biggest bag holder of all. Will the company admit defeat or try to defend its decision? 

Another lesson? You’ve gotta be willing to let go. Learn from Tim. Even though Tim loved the idea of Nikola’s truck, Kim commends him on being “willing to pivot” once he realized what was going on with the company. 

Nikola’s ride may be nearing an end, but every trader can take away some great lessons from this event.

Resources Mentioned 

Books

Articles & More

(As an Amazon Associate, we earn from qualifying purchases.)

Wanna Weigh In? 

Got something to say about Nikola, sketchy companies, or the market in general? 

Leave a comment — or ask us anything!

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: September Q&A https://www.steadytrade.com/twist-september-qa/ https://www.steadytrade.com/twist-september-qa/#comments Thu, 01 Oct 2020 19:42:58 +0000 https://www.steadytrade.com/?p=2998 Yesterday was National Podcast Day, so…  Your three favorite hosts — Jack Kellogg, Matthew Monaco, and Kyle Williams — decided to record a detailed question and answer session.  We answered all the questions you submitted via Instagram and Twitter…  Including…  Is it better to buy weakness or strength? What do you do when you’re uncomfortable […]

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Yesterday was National Podcast Day, so… 

Your three favorite hosts — Jack Kellogg, Matthew Monaco, and Kyle Williams — decided to record a detailed question and answer session. 

We answered all the questions you submitted via Instagram and Twitter… 

Including… 

  • Is it better to buy weakness or strength?
  • What do you do when you’re uncomfortable in a trade?
  • And … what are the TWIST hosts’ life goals?

 

Those are some big questions! Let’s get into the answers. Dig into the TWIST September Q&A now! 

Follow your hosts on Twitter to follow their journeys in trading: 

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Ep. 167: Hard Trading Truths with Dr. Daniel Crosby https://www.steadytrade.com/ep-167-hard-trading-truths-with-dr-daniel-crosby/ https://www.steadytrade.com/ep-167-hard-trading-truths-with-dr-daniel-crosby/#comments Tue, 29 Sep 2020 17:47:43 +0000 https://www.steadytrade.com/?p=2995 This week’s episode of SteadyTrade starts with our guest Dr. Daniel Crosby weighing in on an important bear.  No, not a bearish investor … but Winnie the Pooh. The famed character once wisely advised, “Don’t underestimate the value of doing nothing…”  This week’s guest, Dr. Daniel Crosby, is a big fan of this wisdom. He […]

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This week’s episode of SteadyTrade starts with our guest Dr. Daniel Crosby weighing in on an important bear. 

No, not a bearish investor … but Winnie the Pooh. The famed character once wisely advised, “Don’t underestimate the value of doing nothing…” 

This week’s guest, Dr. Daniel Crosby, is a big fan of this wisdom. He offers what may seem to be counterintuitive advice for traders: If you want to become a consistent trader, you may actually need to do less. 

This might seem crazy to some traders. After all, more action is better, right? 

Not necessarily. In the episode, Dr. Crosby talks with SteadyTrade co-hosts Kim Ann Curtin and Stephen Johnson. Learn how investing and trading require a different mindset from a lot of other pursuits — and how to get in the right mode for success.

About Dr. Daniel Crosby 

Dr. Daniel Crosby is a psychologist, behavioral finance expert, and the chief behavioral officer at Brinker Capital. His job? Delivering behavioral tools, training, and technology to top-tier financial advisors.  

He has more than 10 years’ worth of experience in the financial services industry. And he’s written a number of bestselling books that can help professionals and traders achieve better outcomes.

The Psychology of Trading and Gender

In the episode, Dr. Crosby shares fascinating facts about trading and gender.

Did you know that women tend to outperform men as traders? They’re more patient, make more nuanced moves, and are less likely to take on too much or too little risk. 

So to break it down … Women do less, are more patient, and less active when it comes to trading. There’s an inverse relationship between activity and performance.

Marital status also matters — married men and women tend to outperform their unmarried counterparts. 

Hey … does that mean it’s time for Stephen to give up his playboy lifestyle and settle down?

Are You Trading the Wrong Way?

Most traders think that to perform at their best, they’ve gotta be pushing themselves all the time. Quite the opposite, says Dr. Crosby. 

Everyone wants some magic pill, tip, or quick technique to achieve optimal performance. In reality, it’s all about self-care. 

No, he isn’t saying that day traders need to take more bubble baths (although, that isn’t a terrible idea.) Rather, things like diet, rest, exercise, and meditation can put you in a much better place to be an effective trader. 

Learn why taking care of yourself is fundamental to your performance as a trader…

Holding Yourself Accountable

As Dr. Crosby shares, money can induce greater emotion in people than the death of a loved one. Additionally, people can lose up to 13% of their IQ when stressed about money! 

The idea of removing all emotion from money-related matters may not be realistic. However, there are things you can do to stay on an even keel. 

It starts with accountability. 

One option? Link up with a coach or a team of like-minded traders who can keep you in check.

Alternatively, are there things you can do to prevent making emotional decisions while trading?

Dr. Crosby shares why things like trading with a small account or making access to your money more ‘difficult’ can work to your advantage and keep your emotions in check.

He also speaks to the power of having a good system in place. Or as he puts it, “Automate, automate, automate.” It’s all about setting your own personal rules and living in a way that’s consistent with them.  

Risk Management and Gut Instincts

Gut instincts and intuition are good things. But when your gut governs your risk management as a trader, things can get tricky. 

Experience matters. Let’s say you’re facing a decision you make infrequently. For instance, maybe you’ve only been trading for a short time. You don’t have what Dr. Crosby calls “the reps to have informed that emotion.” 

 He also talks about how a delay between stimulus and response can play tricks with the mind — which could help explain why so many otherwise intelligent people find themselves bag-holding in trades.  

Sticking to the Rules 

Dr. Crosby, Kim, and Stephen discuss methods of continually coming back to your own set of trading rules. 

This is extremely important, because as a trader, you’ve got to contend with emotions, physiology, and what you think you ‘should’ be doing.

Learn how a lack of balance can lead to overconfidence or catastrophizing … and why both can be dangerous.

Recognizing your own personal mediocrity helps you create systems that can help you transcend it. Don’t be afraid to take a long, hard look at what Dr. Crosby calls “A mirror onto your own idiocy.”

Connect With Dr. Daniel Crosby 

Social Media

Books 

(As an Amazon Associate, we earn from qualifying purchases.)

Questions? Comments?

Curious about a topic from this episode … or about trading in general? Don’t be shy. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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Ep. 166: The Ultimate Study Guide for Traders https://www.steadytrade.com/ep-166-the-ultimate-study-guide-for-traders/ https://www.steadytrade.com/ep-166-the-ultimate-study-guide-for-traders/#comments Tue, 22 Sep 2020 17:49:12 +0000 https://www.steadytrade.com/?p=2991 Welcome to SteadyTrade’s ultimate study guide for traders. Too often we hear this from new traders: I don’t know what I’m doing. The antidote is learning and studying, of course. But what exactly should you be studying … and how much studying is enough? This week, co-hosts Kim Ann Curtin and Stephen Johnson have a […]

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Welcome to SteadyTrade’s ultimate study guide for traders.

Too often we hear this from new traders: I don’t know what I’m doing.

The antidote is learning and studying, of course. But what exactly should you be studying … and how much studying is enough?

This week, co-hosts Kim Ann Curtin and Stephen Johnson have a brand-new perspective on all things trading. Kim just had a birthday … And Stephen just moved back to the U.K. after nearly a decade in Dubai. 

Now, they’re in back-to-school mode and all about helping you study smarter! You’ll learn about some of the best resources out there, how to create an effective study plan, and how to put your newfound knowledge to work. 

Why This Study Guide for Traders and Why Studying Matters

One of Stephen’s early mentors was Tim Sykes … who constantly says that new traders need to study. 

That leads to a dilemma … as a motivated trader, what should you be studying, and how?

Kim and Stephen talk about why studying matters, how it can impact your trading career … and how to do it better. Let’s break it all down…

Start With the Basics

According to Stephen, you must start by studying the basics. He suggests a comprehensive resource like Tim Sykes’ “Trader Checklist” series (discussed on SteadyTrade in great detail, starting here), or his new 30-Day Trading Bootcamp series.

At the very least, you need to know the variables. Conveniently enough, Kim and Stephen recorded a series on essential day trading variables right here on SteadyTrade…

Learn How to Navigate the Market 

Once you’ve learned the basics of the market, Stephen suggests various ways to start putting your knowledge to work. 

Learn about advanced basics for traders, including reading and comprehending SEC filings, learning what moves stocks, and how to cross-reference a catalyst with the key variables discussed above. 

As Kim puts it, this is where “the baby traders” can actually start to understand how things work in the market. 

Study the Patterns

First green day! First red day! What’s the dif? We can’t have the ultimate study guide for traders and not mention patterns. 

Patterns are hugely important for day traders and penny stock traders. Stephen talks about the importance of some key patterns and how to approach studying them.

Studying patterns isn’t always easy — it’s one thing to learn how they look on a chart, but it’s another thing entirely to go through the emotional process of actually trading them. No matter how much you study, you’ll ‘get’ it in a different way once you actually start trading.

Kim and Stephen offer great insight into making that transition … It includes being honest with yourself about your personal strengths and weaknesses!

Study Yourself

What else firmly belongs in a well-rounded study guide for traders? You gotta know yourself.

Yes, the market and stock charts are crucial, of course. But if you wanna be a hotshot trader? You’ve gotta get up close and personal with one of the biggest obstacles to long-term trading success … yourself. 

Assessing your own judgment and understanding your tendencies, mindset, and emotions can help you go down the right path on your trading journey. So you need the ability to ask yourself questions like:

  • Am I being too aggressive?
  • Do I really want to trade, or is this just FOMO? 
  • How could I have traded differently?

Remember, be honest in your answers. It can be key to helping you become a consistent trader. 

Improving Based on Your Studies

The more you learn, the more you realize you need to learn. 

Trading won’t become everyone’s passion — and it’s not always there from the start. As Stephen puts it, not every trader has been reading the Wall Street Journal since they were a tween.

Kim and Stephen talk about how to track your progress so that you can study yourself and your results, and offer tips for further self-inquiry. 

Self-study is important to traders. Kim notes that by getting curious, it could lead to profound healing that could improve your trading track record. 

Don’t miss a heady discussion of the higher self versus lower self, and why you don’t have to win all the time!

Wanna Be Our Study Buddy?

Got a question or comment about the episode? Wanna share what’s in your ultimate study guide for traders? Hit us up! 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

Meet Our Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

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TWIST: Special Guest Huddie and Surfing Big Waves https://www.steadytrade.com/twist-huddie-and-surfing-big-waves/ https://www.steadytrade.com/twist-huddie-and-surfing-big-waves/#comments Thu, 17 Sep 2020 17:10:29 +0000 https://www.steadytrade.com/?p=2985 Are you familiar with Michael “Huddie” Hudson? Perhaps you recognize his luscious golden locks… Or you’ve memorized his face from SteadyTrade Team webinars… At the end of the day, it doesn’t matter HOW you know Huddie. You just should know him.  Huddie is an incredible trader who’s more than willing to help the up-and-comers. And […]

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Are you familiar with Michael “Huddie” Hudson?

Perhaps you recognize his luscious golden locks…

Or you’ve memorized his face from SteadyTrade Team webinars…

At the end of the day, it doesn’t matter HOW you know Huddie. You just should know him. 

Huddie is an incredible trader who’s more than willing to help the up-and-comers. And today…

Jack Kellogg and Kyle Williams sit down with Huddie to discuss how he’s holding up through this huge market shift. So…

Sit back, grab a pen … and maybe a surfboard?

It’s TWIST time. 

Follow your hosts on Twitter to follow their journeys in trading: 

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Ep. 165: BIG Changes For Stephen Johnson! https://www.steadytrade.com/ep-165-stephen-johnson/ https://www.steadytrade.com/ep-165-stephen-johnson/#respond Tue, 15 Sep 2020 18:43:17 +0000 https://www.steadytrade.com/?p=2980 Stephen Johnson is going through a transition. No, he hasn’t taken up transcendental meditation or anything like that. He’s been taking stock of his trading career and considering his goals moving forward.  Oh, and he’s also moving from Dubai back to the U.K.!  Most people come to trading because they want a change in their […]

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Stephen Johnson is going through a transition.

No, he hasn’t taken up transcendental meditation or anything like that. He’s been taking stock of his trading career and considering his goals moving forward. 

Oh, and he’s also moving from Dubai back to the U.K.! 

Most people come to trading because they want a change in their life. Stephen certainly did. But what happens to your trading as your life continues to transition? 

Today’s episode is about embarking on the next phase of your trading journey. It’s just Stephen Johnson and co-host Tim Bohen in this episode. It’s Kim Ann Curtin’s birthday so she’s taking the day off!

Changing Objectives

Most new traders fail. At the beginning of your career, your biggest goal is generally survival. 

But what happens once you’ve survived … and perhaps even started to find some consistency in the market? 

You’ve gotta adapt your goals. 

In the episode, Tim shares the tale of how he progressed from being a full-time business owner and part-time trader to selling his business and going full-time with trading. 

Even though his business was thriving, his heart wasn’t in it anymore. But the market inspired him. As Stephen puts it, “something about the market just gets its hooks into you.” 

Right now, Stephen’s in a somewhat similar state of transition. He’s taking a hiatus from the ‘day job’ lifestyle to focus more on trading to see how it goes. 

Stephen Johnson 2.0: A Trader’s Progression

Over the past few years, pretty much all of Stephen’s failures have been broadcast over the podcast. Like the time he lost $5,000…

And when he lost $5,000 again

This time, we’re primarily focusing on the good, and it’s making him uncomfortable.

Stephen’s turned a corner in terms of trading consistency. (For more, check out Ep. 161, “Trade Analysis: Stephen Finds a New Edge.”) Now he’s ready to enter the next phase. 

But what is that for Stephen Johnson?

Timing has been key. Stephen’s been in Dubai for eight years. Now, he’s ready to pack his backs and head back to the U.K. 

As he’s observed, with the average job in the U.K., he might make him “about half” of what he’s making as a trader. For the foreseeable future, he’s decided to stick with trading. 

Is it Time to Go Full-Time?

So many new traders are eager to quit their day jobs and go full-time in the market. But is it really a good idea? 

It’s not a decision that any trader should take lightly. It’s also not as easy as it might seem.

Tim and Stephen talk about why it’s so important to have multiple revenue streams. Tune in and learn why you don’t want to put all your eggs in one basket as a trader.

They also talk about their respective trading journeys and how long it took them to have that all-important ‘aha’ moment when trading started to make sense. 

Living The Dream?

If you aspire to become a full-time trader, how should you approach this goal?

Tim says, “do what Stephen did.”

Stephen took four years to learn the ropes. He blew up his account, made a million mistakes, and learned. And most importantly, he stuck with it.

He didn’t try to do it in six months or a year. He gave himself space and time to figure things out.

Happily Ever After?

Here’s something a lot of traders don’t think about: what happens after you quit your day job? It’s not always a cakewalk.

Tim shares how he quit his job then the market slowed right down … He calls it “the dark days of day trading.” 

He also talks openly about the loneliness that came with trading full time, especially after becoming used to being around people all the time with his business. 

It’s not necessarily an easy adjustment, and it can contribute to feeling like you “should” do something every day. This can lead to overtrading.

Stephen Johnson’s Goals Moving Forward

To close out the episode, Stephen talks about his goals in trading and in life, and how he plans on moving forward with them. 

Congratulations to Stephen on becoming a truly steady trader!

What’s Your Update?

Where will Stephen be in six months? Any predictions … or maybe you’d like to share your own trading goals or milestones?

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love the episode? Please leave a review on iTunes.

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TWIST: Special Guest “The BRYCE” With $VVPR https://www.steadytrade.com/twist-special-guest-the-bryce/ https://www.steadytrade.com/twist-special-guest-the-bryce/#comments Thu, 10 Sep 2020 18:12:21 +0000 https://www.steadytrade.com/?p=2976 Do you know who “The BRYCE” is? Perhaps you’ve watched Tim Sykes’ new 30-day Bootcamp and recall Matt mentioning the “dumbest person he knows”…  Oh yes…  That’s the one: Bryce Tuohey. The former co-host of Beyond the PDT and current co-host of SteadyTrade Treats…  Bryce is a hard worker and recently passed $20K in profits. […]

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Do you know who “The BRYCE” is?

Perhaps you’ve watched Tim Sykes’ new 30-day Bootcamp and recall Matt mentioning the “dumbest person he knows”… 

Oh yes… 

That’s the one: Bryce Tuohey.

The former co-host of Beyond the PDT and current co-host of SteadyTrade Treats… 

Bryce is a hard worker and recently passed $20K in profits. How did he do it?

Tune in to find out!  

Follow your hosts on Twitter to follow their journeys in trading: 

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Ep. 164: The Wildest 100 Days in Stock Market History https://www.steadytrade.com/ep-164-the-wildest-100-days-in-stock-market-history/ https://www.steadytrade.com/ep-164-the-wildest-100-days-in-stock-market-history/#respond Tue, 08 Sep 2020 22:47:56 +0000 https://www.steadytrade.com/?p=2973 This year, it feels like we’ve witnessed stock market history. “Sell in May and go away” is a common refrain in the stock market. It refers to the traditionally slower trading days of summer. But like most things in the stock market — and the world, for that matter — things are different in 2020.  […]

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This year, it feels like we’ve witnessed stock market history.

“Sell in May and go away” is a common refrain in the stock market. It refers to the traditionally slower trading days of summer.

But like most things in the stock market — and the world, for that matter — things are different in 2020. 

In fact, the stock market just hit all-time highs. Both the Dow Jones Industrial Average and the S&P 500 enjoyed 100-day records in recent memory… 

As Tim Bohen puts it, this 100-day streak “may have been the wildest three months ever in my 15 years of trading.” 

In late August and early September, things have started cooling down slightly … but it’s all relative. There are still a ton of plays in action.

In today’s episode, co-hosts Tim, Kim Ann Curtin, and Stephen Johnson talk about the market craziness as of late — and what might happen next.

Psst: be sure to catch this episode on YouTube to check out Stephen’s haircut (or lack thereof) … If you’re into drinking games, get ready to take a shot every time Tim and Stephen agree on something! 

The Phases of Pandemic Trading 

Looking back in stock market history to the ‘dark days of trading’ during the mid-2000s, you’d see stocks experiencing big gains, oh, a few times a week.

For the past several months, it’s been normal to see five or more runners per day. 

This has been exciting for traders — but also overwhelming. 

The crew talks about adjusting to this market madness and the difficulty of maintaining a watchlist. And, of course, then there’s dealing with things like unexpected platform crashes due to so many new traders in the market. 

Note: Curious about why there are so many new traders all of a sudden? Check out Episode 162, “Everyone’s Day Trading Now.”

They talk about lessons learned throughout the phases of the pandemic so far. Find out why Stephen thinks that “the best way I’ve found to adjust to markets is to save every single chart you play.”  

Actually, Stephen recently took an entire weekend to review his trades. Learn more in Episode 161: “Trade Analysis: Stephen Finds a New Edge.”

Stock Market History: Same Setups, Limitless Variations

The market’s been nuts. But when you get right down to it, the key patterns remain the same. They may present themselves differently and show variances, but the basics are pretty constant.

This is part of why consistency is so important. During times like this, “tracking your data and being here every day” is the best approach, says Tim.

The crew talks about the difference between day trading and swing trading during the pandemic and why day traders need to spend a lot of ‘seat time’ to keep up. 

Getting the Right Trading Setup

During volatile market conditions, staying organized is incredibly important.

Tim, Kim, and Stephen talk about the importance of having a trading routine as well as having the physical right setup.

Listen in for a conversation about things that most traders don’t think about, but probably should — like ambient noise or lack thereof, how to stay sane if you’re trading with other people around, and how many monitors you really need. 

Making the Most of Your Time

One thing’s clear as we’re watching stock market history being made … Time’s been a little screwy during the pandemic, hasn’t it? 

The crew talks about the ‘no days off’ mentality and how it can serve you well as a trader. Even when the market’s closed, there are ways to get a little better and a little smarter every day. 

For instance…

A commitment to bettering yourself in small ways can give you a major edge in trading. 

Maintain High Standards 

Is it really such a bad thing that the market’s slowing down a little?

Everyone wants action, but Tim says “you should relish these slower times because it gives you time to focus on your process.” 

Stephen talks about refining your process, noticing the trends moving the market, and the joy of being more selective with your trades. 

Kim wants to know how to cope with the market slowing down. Tim and Stephen talk about knowing the difference between calm and crazy, and how to deal with both. 

The episode ends with each co-host offering predictions about what the market could hold this fall … You might be surprised about who’s bullish and who’s bearish! 

How’s Your Summer Trading Going?

Have you been actively trading for the past three months? Are you loving the craziness, or is it overwhelming? What do you think about this insane moment in stock market history? Let’s talk about it! 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into the episode? Please leave a review on iTunes.

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TWIST: Where Are All the Listed Stocks? With $ALYI https://www.steadytrade.com/twist-where-are-all-the-listed-stocks/ https://www.steadytrade.com/twist-where-are-all-the-listed-stocks/#comments Thu, 03 Sep 2020 19:55:38 +0000 https://www.steadytrade.com/?p=2970 The market has certainly slowed down. Stocks are moving less…  We’re seeing fewer runners… And when’s the last time you traded a listed stock? This week, Jack, Matt, and Kyle sit down to discuss how they’re handling the slower market. Pro tip: it’s all about picking targets carefully.  Trading is as much waiting as it […]

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The market has certainly slowed down. Stocks are moving less… 

We’re seeing fewer runners…

And when’s the last time you traded a listed stock?

This week, Jack, Matt, and Kyle sit down to discuss how they’re handling the slower market. Pro tip: it’s all about picking targets carefully. 

Trading is as much waiting as it is trading. So…

What can you learn about hunting for listed stocks when a hot market cools a little? Grab your pen and notepad and be ready to take notes. Here’s what top traders understand about the market.

Follow your hosts on Twitter to follow their journeys in trading: 

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Ep. 163: What Makes Trading Click: The ‘Aha’ Moment https://www.steadytrade.com/ep-163-what-makes-trading-click/ https://www.steadytrade.com/ep-163-what-makes-trading-click/#comments Tue, 01 Sep 2020 22:07:56 +0000 https://www.steadytrade.com/?p=2967 The satisfaction of an ‘aha’ moment … there’s nothing quite like it. And when it happens in trading, it doesn’t just feel incredible, it can be the start of an incredible shift. At the SteadyTrade podcast, we love showcasing trading success stories. We’ve featured inspiring traders at all levels of experience, from relative newbie Chris […]

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The satisfaction of an ‘aha’ moment … there’s nothing quite like it. And when it happens in trading, it doesn’t just feel incredible, it can be the start of an incredible shift.

At the SteadyTrade podcast, we love showcasing trading success stories. We’ve featured inspiring traders at all levels of experience, from relative newbie Chris ‘Tango Baker’ Morales (Episode 157) to penny stock trading legend Tim Sykes (Episode 114.)

These traders have impressive records and great stories. But you gotta remember, their trading success didn’t happen overnight. 

Working toward consistency in trading takes a lot of hard work — and usually, a few hard knocks, too. 

Today’s episode is about the culmination of all that hard work. It’s about the ‘aha’ moment that so many new traders have when the process of trading starts to make sense. And for many traders, that’s also often the point when their accounts start to go from red to green. 

Tim Bohen, Kim Ann Curtin, and Stephen Johnson share the moment when it all started to click for them — along with special guest Alex, Stephen’s trading buddy. 

Tim Bohen

If you’re a regular listener, you probably know Bohen’s story. He’s had a lifelong interest in trading but never made money, never found an edge … until he discovered the teachings of Tim Sykes.

Sykes’ “Pennystocking” DVD was a game-changer. Bohen’s ‘aha’ moment came when he suddenly realized that “90% of this stuff is patterns and catalysts.” He realized that most trades are a repeat of the same basic setup.  

That was an important epiphany, but what really made it click for Bohen was data collection. Be sure to watch on YouTube to check out his trading journal from 2008 … and what he learned from it!

Coincidence? Stephen did this recently, taking an entire weekend to do it — learn more in Episode 161.

Alex 

A few years ago, our podcast guest Alex was working for his dad and thought that was his path … Then he also discovered Tim Sykes. He joined Sykes’ Trading Challenge and knew it would take some work.

But Alex figured he’d probably be a fast study and become one of those trading phenoms like Roland Wolf. (Check out Roland’s two-part interview on the podcast here and here.)

Alex was wrong. He lost for 10 months in a row and was down $13K… 

Then in 2019, with only $2K left in his account, Alex knew it was his last chance — figure out trading or get a real job.

He shares how tracking his trades and the overall market helped him make sense of it all. Learn what he found and how it affected his trading. Alex also shares how he uses stops and how his process has evolved in the pandemic market. 

Stephen Johnson’s ‘Aha’ Moment

Ah, the long and storied trading journey of Stephen Johnson!

It’s been chronicled many times on the podcast before, but today he shares what made trading click for him.

Surprise, surprise … Tim Sykes has influenced Stephen’s trading, too. Stephen credits Sykes’ “Trader Checklist” as a huge eye-opener. He also reveals how the art of assigning value to different indicators helped turn his trading around.  

Stephen talks about how when you start trading, you want to trade the most — but you know the least. 

Learn why as he’s progressed, he wants to trade less and less. These days, the setup’s gotta be really good. 

Kim Ann Curtin

Kim’s still a newbie, but she talks about what’s clicked so far in her trading journey — like recognizing the concept of trading patterns.

She speaks about how Sykes’ “Trader Checklist” DVD has been pivotal for her. It’s helped her find “a means of measuring” potential trades. Stay tuned to hear more about her burgeoning trading career!

Did This Episode Click With You?

Are you a trader who’s had an ‘aha’ moment? Or are you still waiting for yours? Reach out and let’s get talking!

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into the episode? Please leave a review on iTunes

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TWIST: Capitalizing on Unique Situations With $LCDX https://www.steadytrade.com/twist-capitalizing-on-unique-situations/ https://www.steadytrade.com/twist-capitalizing-on-unique-situations/#respond Thu, 27 Aug 2020 18:04:30 +0000 https://www.steadytrade.com/?p=2964 Last week your three favorite TWIST hosts discussed their new battle plans. But what happens when a unique situation pops up? This week, Jack, Matt, and Kyle sit down to discuss how preparation meets opportunity.  It’s an eternal love story that breeds successful trader after successful trader.  So what was this unique situation? Tune in […]

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Last week your three favorite TWIST hosts discussed their new battle plans. But what happens when a unique situation pops up?

This week, Jack, Matt, and Kyle sit down to discuss how preparation meets opportunity. 

It’s an eternal love story that breeds successful trader after successful trader. 

So what was this unique situation? Tune in to find out. 

Grab your pen and notepad and be ready to take notes. Here’s what top traders understand about the market.

Follow your hosts on Twitter to follow their journeys in trading: 

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Ep 162: Everyone’s Day Trading Now https://www.steadytrade.com/ep-162-everyones-day-trading-now/ https://www.steadytrade.com/ep-162-everyones-day-trading-now/#respond Wed, 26 Aug 2020 16:17:01 +0000 https://www.steadytrade.com/?p=2960 It’s the age of day trading. The market is HOT right now. The trend of turning to day trading during times of economic uncertainty is nothing new. The financial crash of 2007–2008 brought a huge influx of new traders to the market … including SteadyTrade co-host Tim Bohen!  Now, the same thing’s happening. But like […]

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It’s the age of day trading. The market is HOT right now.

The trend of turning to day trading during times of economic uncertainty is nothing new. The financial crash of 2007–2008 brought a huge influx of new traders to the market … including SteadyTrade co-host Tim Bohen! 

Now, the same thing’s happening. But like most things during the COVID-19 pandemic, the volume’s been turned up. 

There are a ton of new traders … So is that a good thing or a bad thing? Today, Tim and co-hosts Kim Ann Curtin and Stephen Johnson talk about this important and timely topic.

2020 Day Trading Stats

Recently, the Wall Street Journal published an article called “Everyone’s a Day Trader Now.” 

The article’s behind a paywall. But the key point is that a huge number of people are turning to day trading as a result of boredom, isolation, and employment shifts — and many are failing. 

As the article reports, in the first quarter of this year, online broker Robinhood had three million new accounts in the first quarter of 2020 … E-Trade had 260,500 new accounts in March alone.

How are the new market participants affecting the market? Is it a time of great opportunity, or is it a recipe for disaster? 

SteadyTrade: Three Generations of Day Trading

The SteadyTrade crew represents three generations of traders.

  • Tim is the literal market veteran, with more than a decade of experience under his belt. 
  • Stephen’s a moderately experienced trader who’s been in the market for a few years. He’s experienced ups and downs, but he’s finding consistency.
  • Kim is a total newbie and still in the research phase of her trading career. She understands the emotional side of trading but is still learning the nuts and bolts of the penny stock niche. She’s not yet an active trader. 

In the episode, you’ll get perspective on the market and all these new traders from their three distinct points of view.  

The Real World of Day Trading 

A lot of newbies think day trading is easy. That’s a mistake.

True, there’s a low bar of entry. Pretty much anyone with a laptop, an internet connection, and a brokerage account can start trading fast. 

But that doesn’t mean you’ll start making a ton of money right away. 

In spite of what some recent runners might have you believe, stocks do not always go up. 

Tim cautions about stocks like Genetic Technologies Limited (NASDAQ: GENE), one of the “worst” stocks out there, and how they can “paralyze” traders. 

As Stephen puts it, you’ve got to approach trading with a sense of discipline. He notes that “trading is an internship to the hardest job in the world.” His take is that you’ve got to dedicate yourself to learning the process before you can find success in the actual job. 

There’s good news in that, though. Since many traders don’t take the time to educate themselves on the ways of the market, your diligence could pay off.

Kim believes that learning and listening to trading lessons is the key to separating yourself from the many who will fail. “If you listen, even a little bit, you’re going to be the outlier.” 

Is It a Good Time to Start Day Trading?

Given the articles and discussion featured in this episode … is now a good time to start trading? 

Kim admits that she’s having fears amid the current market volatility. 

Tim and Stephen offer advice from a place of experience, including how ultimately, some things don’t change in the market. Like how patterns play out, what works, and what doesn’t. 

Stephen talks about the difficulty of living through different market environments and how you need to continuously adapt to stay on top of the game. 

You’ll walk away from this episode with a much better understanding of the market right now … and how to be a smart trader during these trying times!

Articles Mentioned

“Everyone’s a Day Trader Now” — Wall Street Journal

“The day-trading boom is a ‘welcome phenomenon,’ and has actually helped to reduce market volatility, a veteran Wall Street trader says” — Markets Insider

What Do You Think?

What do you think about the day trading surge? Whether you’re a new or experienced trader, we want to hear what you think or what questions you might have.

Remember: if we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into the episode? Please leave a review on iTunes.

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TWIST: Taking What The Market Gives You On $GRWG https://www.steadytrade.com/twist-taking-what-the-market-gives-you/ https://www.steadytrade.com/twist-taking-what-the-market-gives-you/#comments Thu, 20 Aug 2020 16:48:01 +0000 https://www.steadytrade.com/?p=2957 Last week your three favorite TWIST hosts sat down and talked about their summer plans.  This week…  They’re back at the gambling table. But just because you’re sitting at the table … does that mean you have to bet? Why not just wait for the best plays…  And take what the market gives you? Sounds […]

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Last week your three favorite TWIST hosts sat down and talked about their summer plans. 

This week… 

They’re back at the gambling table. But just because you’re sitting at the table … does that mean you have to bet?

Why not just wait for the best plays… 

And take what the market gives you? Sounds easy, right?

If it was easy, Jack, Kyle, and Matt wouldn’t be discussing it. Wanna learn how to take what the market gives you? Tune in for some key tips. 

Grab your pen and notepad. Sit back and get ready for your summertime trading lowdown … It’s TWIST time. 

Follow your hosts and today’s guest on Twitter to follow their journeys in trading: 

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Ep 161: Trade Analysis: Stephen Finds a New Edge https://www.steadytrade.com/ep-161-trade-analysis-stephen-finds-a-new-edge/ https://www.steadytrade.com/ep-161-trade-analysis-stephen-finds-a-new-edge/#comments Tue, 18 Aug 2020 18:53:54 +0000 https://www.steadytrade.com/?p=2950 Stephen Johnson did something crazy this past weekend. No, he didn’t get drunk and wake up in a strange country. He spent the entire weekend running trade analysis on his own data … and learning from it. That’s right: all weekend long, Stephen pored through his own trading past, looking for inefficiencies and trying to […]

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Stephen Johnson did something crazy this past weekend. No, he didn’t get drunk and wake up in a strange country. He spent the entire weekend running trade analysis on his own data … and learning from it.

That’s right: all weekend long, Stephen pored through his own trading past, looking for inefficiencies and trying to figure out ways to improve his game. 

So what did he find? In today’s episode, Stephen shares his trade analysis journey with co-hosts Tim Bohen and Kim Ann Curtin. Listen in to hear about his epiphanies, how he got honest with himself about premarket trading — and what his edge is now.

The Importance of Data 

Think of NFL quarterbacks. They might actually only spend one hour a week on the field. It’s everything that happens behind the scenes — the training, the strategy sessions, the practice — that gets them to the Super Bowl.  

Trading is similar: it’s all about the behind-the-scenes work.

If you go back through the SteadyTrade Podcast archives, there’s been a pretty consistent message about trading data: Track it. Learn from it. Use it to continue getting better. 

So many top traders in the game track their data. Don’t believe it? Go back to the Tim Grittani interview (part 1 and part 2, please). That’s where he shares how tracking and learning from his data served as his big aha moment in trading. He’s now up over $13 million*, thank you very much. 

*These kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

Stephen’s Trade Analysis: Looking at His Strategy

Premarket trading is known to be risky. Stephen does it anyway.

To his credit, he’s in Dubai, so midday trading is more like bedtime for him. He wants to try to trade as early as possible. And he got in the habit of trading when it was convenient for his schedule — premarket. 

He thought he was being responsible. Stephen thought his mantra should be “the hardest worker in the room makes the most money.” 

Sorry, but not in trading. Sometimes — often — less is more.

Recently, he was watching a DVD by Roland Wolf  — a trader who just passed $1 million in profits.* In the lesson, Roland mentions how he used to trade premarket and after-hours … but stopped when he realized his results were incoherent.

This prompted Stephen to look at his own results, and he found some surprises. 

What Stephen Found

As the great Tim Bohen says, “there’s no edge in premarket trading.” Stephen was horrified to learn that in his case, it was true. 

He was going short too early in the premarket. And in his trade analysis, he found that a good 70% of the time his trades would have been better if he’d timed them after the market open. 

Learn how he determined this and why he thinks that from a mathematical perspective, it’s all about getting in early — but after the official trading day begins.

A Closer Look at Stephen’s Trade Analysis 

Traders, listen up! Stephen talks about exactly how he tracks his trades and how he analyzes the data. 

Learn about the importance of logging your trades on a platform like Profit.ly, the advantages of an app versus just keeping a spreadsheet, and the basic steps: 

  • Track your trades 
  • Review your trades
  • Review them again 

Trade analysis is key to learning where you can improve. Don’t skip this.

Trading Outside of Regular Market Hours Is Dangerous

In the episode, the crew talks about the not-so-secret dangers of premarket trading (and after-hours trading, for that matter.) They talk about specific tickers that have gone “ballistic” and left many traders in a deeply painful position.

You won’t want to miss the discussion about the difference between getting destroyed in the premarket versus being a success story in the live market.

Stephen Analyzes His Trades and Changes His Strategy

So how does Stephen avoid FOMO and keep himself from trading too early? He gets really real: he even resorts to watching “Friends” to avoid being next to the screen!

Tim shares his trading schedule too. He wakes up early, does his research, then has a brief break before the market open to recalibrate and avoid those common FOMO times.

Kim explains how this “integration time” is vital. You let everything seep in, digest, and it becomes the lens through which you view the day. 

Adaptability

Patterns can and will shift. Even the best-laid trading plans might need to change after a while. 

Tim talks about the trends he’s seen shift in the market. The crew talks about the patterns they’re seeing and how constant trade analysis and observing market trends are a great combo for improving. 

Don’t miss Tim’s take on timing and why “the only thing that makes me angrier than daylight savings time is cargo shorts.”  

Links Mentioned

Piqued Your Interest?

Stephen used trade analysis to find his edge … What did you learn from his experience? If you have a question or a comment, please feel free to reach out. 

Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love this episode? Please leave a review on iTunes.

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TWIST: It’s Summertime Trading with $IGC & More https://www.steadytrade.com/twist-summertime-trading/ https://www.steadytrade.com/twist-summertime-trading/#comments Thu, 13 Aug 2020 17:05:08 +0000 https://www.steadytrade.com/?p=2947 2020 has been one incredible year… But even the best traders in the market need a break.   Historically, August is the slowest month of the year in the markets.  It’s a time for traders to slow down … Relax … Refocus for the end-of-year push.  Here’s what your three favorite TWIST hosts are doing during […]

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2020 has been one incredible year…

But even the best traders in the market need a break.  

Historically, August is the slowest month of the year in the markets. 

It’s a time for traders to slow down … Relax … Refocus for the end-of-year push. 

Here’s what your three favorite TWIST hosts are doing during this summertime trading season.

Crank the AC. Grab your pen and notepad. Sit back and get ready for your summertime trading lowdown … It’s TWIST time. 

Follow your hosts and today’s guest on Twitter to follow their journeys in trading: 

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Ep 160: The Dark Side of Trading and How to Navigate Through It https://www.steadytrade.com/ep-160-the-dark-side-of-trading/ https://www.steadytrade.com/ep-160-the-dark-side-of-trading/#comments Tue, 11 Aug 2020 17:35:43 +0000 https://www.steadytrade.com/?p=2939 At the SteadyTrade podcast, we typically try to keep things positive. There’s enough negativity in the world, right? But there can be a dark side of trading. And today we want to take a more serious tone as we tackle this important topic. We often say how hard trading is. So it’s crucial to discuss […]

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At the SteadyTrade podcast, we typically try to keep things positive. There’s enough negativity in the world, right? But there can be a dark side of trading.

And today we want to take a more serious tone as we tackle this important topic. We often say how hard trading is. So it’s crucial to discuss the reality of depression and the difficulty of finding your way as a trader. 

Everyone confronts the dark side of trading. It’s important to acknowledge that. As we do that, we can work on developing resources and coping mechanisms. These are tools that can help you stay emotionally well. 

This is a serious topic, but there’s plenty of connection and camaraderie between co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson. Tune in as they share stories, suggestions, and resources for staying healthy. 

The Dark Side of Trading 

Recently, a young Robinhood trader tragically took his own life following a glitch in the system that registered a balance of –$730,000 on his account.

This isn’t common. But it can be a moment for us to bring awareness of the depression that can come with losses. 

Stephen knows the dark side of trading personally. Tim does, too. Kim’s new enough to trading that she hasn’t suffered any massive losses. But she’s been alive in the world, so she’s naturally had her fair share of human difficulty as well. Here’s an overview of some of the topics covered in their frank conversation…

Trading Can Go Really Wrong Sometimes

No matter who you are, how long you’ve been trading, or what your account balance is, trades can go wrong.

As Tim puts it, “You’ll go through stretches in this game where nothing seems to work.” 

Stephen echoes the sentiment. He says that without a good mentor and guidance, you “could do something ridiculous.” Honestly, sometimes even with a great teacher and a great community you can still do something ridiculous!

The idea here isn’t to make you feel like trading is hopeless. Rather, it’s to help you recognize that you’re not alone. 

The Problem With Starting With a Big Account

You know how lottery winners seem to have a knack for losing all their proceeds? Or how a lot of child stars tend toward train-wreck behaviors?

Self-sabotage happens in trading, too. Even if you can start with a huge account, you probably shouldn’t. Or as Tim puts it, “I don’t care how much money you’ve got” — it’s better to start small.

The crew talks about the hidden benefits of trading with a small account, like how it makes you focus on making smart decisions and finding the best setups for your strategy. 

After all, if you can’t prove that you can handle a small account and small losses, what will you do when you’re trading with a big account and have big losses?  

Having a Tribe

According to Kim, you’ve got to have at least one person who has your back. You need someone who can just be there with you if you experience a big loss or the dark side of trading. If you try to seek comfort from someone who doesn’t understand or doesn’t support your trading, you might end up in an even darker place. 

Shame, pain, and a lack of coping mechanisms can be dangerous. When you don’t have someone in your court, it can be even harder. Whether it’s friends, a trading community like the SteadyTrade Team, or your family, having allies matters.

Easy To Get Started, Hard to Succeed

Day trading is alluring indeed — you could set up a brokerage account and be trading in minutes. You’re in a position of power. 

Too few people recognize the responsibility that comes with this power. The hosts talk about how the ease of entry can be seductive but also dangerous. Tune in to hear the hosts discuss the importance of getting an education before you trade. 

The Dark Side of Trading: Losing Streaks

Every trader has losing streaks. Stephen does. Tim does. The hotshot traders you follow on Twitter do, too — even if they don’t talk about it. 

Learn some invaluable tips in this episode:

  • How to deal with losing streaks
  • Why Tim thinks it’s important to treat trading like a side hustle 
  • And how to get into a healthier state of mind

Getting Away From Pain

The crew talks about the importance of getting distance from pain and offers some amazing resources for traders who may need help in developing an array of coping skills. 

Volunteering, TED talks, and diet and exercise — you’ll get tips for staying even keel, even through encounters with the dark side of trading.

Resources 

Books:

“Can’t Hurt Me: Master Your Mind and Defy the Odds” by David Goggins

“Power Vs. Force” by David R. Hawkins, M.D. Ph.D

Blog Posts:

Art of Manliness: “The Cabinet of Invisible Counselors”

TED Talks: 

“Depression, the secret we share”

“Why we need to talk about suicide”

If You Need Help: 

https://suicidepreventionlifeline.org/ 

Got Something to Say?

The dark side of trading is a heavy topic … We welcome and encourage you to share your thoughts.

Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Glad we did this episode? Please leave a review on iTunes.

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TWIST: Breaking PDT with Special Guest Mariana Hincapie https://www.steadytrade.com/twist-breaking-pdt-mariana-hincapie/ https://www.steadytrade.com/twist-breaking-pdt-mariana-hincapie/#comments Thu, 06 Aug 2020 17:31:06 +0000 https://www.steadytrade.com/?p=2934 Growing an account above the pattern day trader (PDT) rule is a huge milestone for new traders… For so many traders… It literally takes blood, sweat, and tears.  This week, your two favorite hosts (Jack Kellogg is on the run) sit down with Mariana Hincapie. This young trader is CRUSHING it in this hot market. […]

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Growing an account above the pattern day trader (PDT) rule is a huge milestone for new traders…

For so many traders…

It literally takes blood, sweat, and tears. 

This week, your two favorite hosts (Jack Kellogg is on the run) sit down with Mariana Hincapie. This young trader is CRUSHING it in this hot market.

How did Mariana Hincapie get over the PDT? And what plays does she look for? How is she nailing plays?

Tune in to find out. 

Sit back and get comfy. Grab your pen and notepad … It’s TWIST time. 

Follow your hosts and today’s guest on Twitter to follow their journeys in trading: 

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Ep 159: Investing Legend and StockTwits Founder Howard Lindzon https://www.steadytrade.com/ep-159-howard-lindzon/ https://www.steadytrade.com/ep-159-howard-lindzon/#respond Tue, 04 Aug 2020 16:45:54 +0000 https://www.steadytrade.com/?p=2929 Lucky you, listener: today’s guest is a big deal in the financial realm. In case you’re not familiar with the entrepreneurial tour de force that is Howard Lindzon, let’s get you up to speed.  Originally from Canada, Howard Lindzon is an author, analyst, angel investor, hedge fund manager. And — this is a biggie — […]

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Lucky you, listener: today’s guest is a big deal in the financial realm. In case you’re not familiar with the entrepreneurial tour de force that is Howard Lindzon, let’s get you up to speed. 

Originally from Canada, Howard Lindzon is an author, analyst, angel investor, hedge fund manager. And — this is a biggie — he’s the co-founder of StockTwits, aka “Twitter for stocks.” 

SteadyTrade co-host Tim Bohen has been a fan since at least the aughts. Back then, Howard was working on Wallstrip, a business podcast that CBS eventually acquired. 

In today’s episode, traders will gain all sorts of knowledge from Howard’s fantastic and extremely funny brain in a conversation with Tim and co-host Kim Ann Curtin.

Howard Lindzon on How the Market’s Changed 

Both Howard and Tim are “dinosaurs” in the world of trading. They’ve, ahem, been around for a while. So according to them, how have things really changed since the 1990s?

New traders will find it heartening to know that despite technological advances, the essence of trading remains the same.

Finding Opportunities

How does a big-deal investor like Howard go about finding opportunities? He talks about how he looks for catalysts, a “frictionless” upside, and a stock where “the story is being told in price and volume.”

Don’t miss a revealing conversation about why the best opportunities aren’t about discovering a stock before everyone else!

Going With the Tide 

As you learned in Episode 152 with trader and surfer Shane Dorian, trading is a lot like surfing. It’s all about riding those waves. Howard, Tim, and Kim discuss the importance of going with the flow as a trader rather than trying to impose a personal agenda on the market. 

It may not be sexy, it may not be perfect … but it works!

Keeping Your Ego in Check 

Howard Lindzon is kind of a big deal in the stock sphere … How does he avoid getting too cocky? 

Howard shares how his constant sharing of content keeps him accountable. If he knows his wife or daughter might read what he wrote, it keeps him honest. 

Traders who are tempted to think they can’t lose after a few successful trades won’t want to miss this advice for how to keep your feet planted firmly on the ground!

Being Good at What You Do

The crew talks about the importance of finding your lane and staying there, so to speak. Howard speaks to the idea that if you develop a strategy and stick to it, trading can become very natural. Sure, you’ll have to adapt and adjust, but you’ll have a strong foundation from which to grow. 

What Makes Stocks Move?

That’s the big question! Howard, Tim, and Kim talk about the psychology behind approaching certain stocks. 

Using Peloton (also discussed in Episode 128, “How To Profit From Outrage”) and Spotify as examples, they talk about what happens when people think a stock is “too high” to buy, and why falling in love with stocks or companies can be a good thing … as long as you have patience and discipline. 

What’s Different Now?

How’s the market different now, in 2020 and in the age of the coronavirus? 

Learn why, according to Howard, it’s possible the profits don’t matter as much as “building the biggest brand.” He also discusses why speculation on a company’s potential can be so impactful on a stock’s success — or lack thereof.

Howard Lindzon’s StockTwits Stories 

Curious about the story behind Wallstrip and StockTwits, two of Howard’s famous projects? Be sure to listen to the entire episode … he shares some awesome tidbits and behind the scenes stories!  

Connect With Howard 

Twitter: @howardlindzon 

LinkedIn: https://linkedin.com/in/howardlindzon

Newsletter: https://howardlindzon.com/subscribe/  

Founder of: https://stocktwits.com/

Books: https://howardlindzon.com/about/#books 

Early seed investment fund: https://socialleverage.com/

Curious About Something?

Got a question or comment? Don’t be shy! 

Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love this episode? Please leave a review on iTunes.

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TWIST: Dissecting the $KODK Supernova https://www.steadytrade.com/twist-the-kodk-supernova/ https://www.steadytrade.com/twist-the-kodk-supernova/#comments Thu, 30 Jul 2020 18:23:59 +0000 https://www.steadytrade.com/?p=2926 It’s like déjà vu…  Every year, we see one or two of the same black swans… These are the plays that seem impossible … And then they proceed to blow up hundreds of traders’ accounts.  The latest stock to enter the black swan hall of fame is…  Eastman Kodak Company (NYSE: KODK). This week, your […]

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It’s like déjà vu… 

Every year, we see one or two of the same black swans…

These are the plays that seem impossible … And then they proceed to blow up hundreds of traders’ accounts. 

The latest stock to enter the black swan hall of fame is… 

Eastman Kodak Company (NYSE: KODK).

This week, your three favorite hosts break down how the KODK supernova happened…

The long…

The short…

And all the mistakes in between. 

Sit back and get comfy. Grab your pen and notepad … It’s TWIST time. 

The episode was recorded on July 29, 2020, and features the following stocks: 

    • Eastman Kodak Company (NYSE: KODK)

 

  • And two OTC stocks you should have on your radar. Tune in to get it!

 

Follow your hosts and today’s guest on Twitter to follow their journeys in trading: 

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Ep 158: From Pro Poker Player to Newbie Trader: Interview With Ray D. https://www.steadytrade.com/ep-158-ray-d/ https://www.steadytrade.com/ep-158-ray-d/#respond Tue, 28 Jul 2020 18:56:07 +0000 https://www.steadytrade.com/?p=2921 Poker is an extremely high stakes game that requires a carefully cultivated strategy — kind of like trading.  In today’s episode, co-hosts Stephen Johnson and Kim Ann Curtin talk with Ray D., a professional poker player who recently added trading to his repertoire. He’s also the co-host of the podcast Confessions of a Market Maker.  […]

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Poker is an extremely high stakes game that requires a carefully cultivated strategy — kind of like trading. 

In today’s episode, co-hosts Stephen Johnson and Kim Ann Curtin talk with Ray D., a professional poker player who recently added trading to his repertoire. He’s also the co-host of the podcast Confessions of a Market Maker

Listen in to learn how playing poker was the ultimate training for Ray’s trading, what strategies he follows now, and the challenges he’s faced so far. 

About Ray D.

Turns out, Stephen’s not the only poker player who progressed to trading! Ray began playing poker at around 21 years old. 

At first, he played part-time while maintaining a sales job. As his earnings grew, he upgraded to playing poker professionally on a full-time basis, even taking part in the World Series. 

Trading is a relatively new development for Ray. He’s less than a year into his journey, and he’s already had plenty of twists and turns! 

Trading and Mental Demons

Ray identifies as a highly emotional person. So dealing with emotions as both a poker player and a trader has proven challenging.

Ray shares how trading has forced him to battle his own mental demons. 

The swings of winning and losing can be intense. Ray talks openly about how for him, hot streaks can lead to cockiness. This almost always leads to a big down streak and huge bouts of self-doubt.  

Stephen shares his own experiences, and both traders share the tricks they use to psych themselves out of this unhealthy cycle.

Intuition Follows Data

Trading can be very counterintuitive in a lot of ways. Often, what a trader feels is a powerful “gut instinct” is just plain wrong in retrospect.

But that doesn’t mean you should totally dismiss your inner compass. As you learned in Episode 151 with Jason Apollo Voss, intuition can be a huge asset to traders. 

So how can you keep it in balance? When should you trust your instincts, and when should you seek more information? 

Kim, Stephen, and Ray talk about this loaded topic from several angles … Whose opinion do you agree with?

Ray D.’s Trading Progression

Smart trading is all about finding and honing an edge. Ray talks about his pivot from poker to trading, and how his journey has unfolded. Like many traders, he tried a few things — futures, equities, and more — before settling on an approach that works for him.

He talks about how he started modeling his trading hand as he would a poker hand. Learn how he’s kept positions small and reports seeing profits. His approach involves short swings and occasional day trades, depending on how a given stock is performing. 

Maintaining Balance 

Listen up, traders: it’s not about working all the time. Or as Ray D. puts it, “more effort doesn’t always equal more money.” 

He talks about why it’s so important to avoid trader burnout. After all, if you show when you don’t feel like trading, it can reflect in your results.  

Ray D.: What Does it Take?

Traders of all levels will love hearing what Kim, Stephen, and Ray have to say about what it takes to find balance and consistency as a trader. 

Learn why humility is important, but confidence is important too — and why Stephen says “There’s no Plan B for me.”

Confessions of a Market Maker Podcast 

Ray is the co-host of the popular podcast Confessions of a Market Maker, which has featured guests including Dr. Brett Steenbarger (author of “The Daily Trading Coach,” a SteadyTrade Book Club pick) and Michael Nauss, to name a few. 

Learn how the experience of podcasting has proven instrumental in Ray’s trading journey! 

(As an Amazon Associate, we earn from qualifying purchases.)

Connect With Ray D.

Twitter: @AllxDayxRayx

Podcast Twitter: @MarketMakerSins

Podcast: Confessions of a Market Maker 

Got a Pressing Question? 

Curious about something in this episode … or about trading in general? Get in contact! 

Remember: if we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Fan of the episode? Please leave a review on iTunes.

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TWIST: The Trend Is Your Friend — $IBIO & More https://www.steadytrade.com/twist-the-trend-is-your-friend/ https://www.steadytrade.com/twist-the-trend-is-your-friend/#comments Thu, 23 Jul 2020 16:19:45 +0000 https://www.steadytrade.com/?p=2914 Sometimes the best plays … are the simplest.  Your three favorite hosts follow the K.I.S.S. approach: KEEP IT SIMPLE, STUPID. How can you keep stock trading simple? Follow the trend. Don’t fight it … Ride it.  Sounds easy, right? Well … we didn’t say it was EASY.  We said ‘simple.’  Time to sit back, get […]

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Sometimes the best plays … are the simplest. 

Your three favorite hosts follow the K.I.S.S. approach:

KEEP IT SIMPLE, STUPID.

How can you keep stock trading simple?

Follow the trend. Don’t fight it … Ride it. 

Sounds easy, right? Well … we didn’t say it was EASY. 

We said ‘simple.’ 

Time to sit back, get comfy, and learn to follow the trend. Grab your pen and notepad … It’s TWIST time. 

The episode was recorded on July 22, 2020, and features the following stocks: 

    • iBio, Inc. (NASDAQ: IBIO)
    • Heat Biologics, Inc.  (NASDAQ: HTBX)
    • Novan, Inc. (NASDAQ: NOVN)
  • And two OTC stocks you should have on your radar. Tune in to get it!

Follow your hosts and today’s guest on Twitter to follow their journeys in trading:

Don’t forget to leave a review and enter our TWIST StocksToTrade giveaway. Get the full details and enter for a chance to win here!

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Ep 157: Trading & Tango with Chris Morales aka “Tango Baker” https://www.steadytrade.com/ep-157-chris-morales/ https://www.steadytrade.com/ep-157-chris-morales/#comments Tue, 21 Jul 2020 18:14:00 +0000 https://www.steadytrade.com/?p=2905 You’ve never met a trader like Chris Morales aka “Tango Baker” before. As his nickname implies, he’s both an accomplished dancer and baker (though not at the same time.) In recent years, he’s added trading to the mix.  Today, Chris Morales joins SteadyTrade co-hosts Kim Ann Curtin and Stephen Johnson to talk about how he […]

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You’ve never met a trader like Chris Morales aka “Tango Baker” before.

As his nickname implies, he’s both an accomplished dancer and baker (though not at the same time.) In recent years, he’s added trading to the mix. 

Today, Chris Morales joins SteadyTrade co-hosts Kim Ann Curtin and Stephen Johnson to talk about how he got into trading, what strategies he uses now, and how he stays sane while trading and helping run the family bakery!

Traders of all levels will love hearing his unlikely yet inspiring story. And of course, there’s his take on how trading is a lot more like tango dancing than you might realize.   

The Unique Trading Story of Chris Morales

Tango … baking … trading? 

As odd as the combination might seem, these seemingly contradictory life paths are the result of a little serendipity. It’s also due to the professions of his respective parents, who were not a couple during Chris’s upbringing.

Since the 1970s, his father has run a popular Albuquerque bakery. Through the bakery, he’s been on the Food Network and featured on several other media outlets.

As for his mom? She’s a trained belly dancer and dance teacher. When she decided to add tango to her repertoire, Chris became her partner by default.  As it turns out, tango was a great way to prepare for a future in trading.

According to Chris, learning to tango is an ongoing process. Just like with trading, you’re always learning and constantly refining your art. 

Unlike say, line dancing. Chris describes tango as an “active communication between two different people.” That’s a lot like trading … You have to constantly adapt to the market.

Chris Morales: From Baker to Trader

While working in the family bakery, Chris struck up a friendship with a regular customer. His pal was a part-time professor of accounting who’d mostly spent his prime years as a school teacher. He was also an accomplished trader. And according to Chris, “he even looked like Warren Buffett.” 

On his schoolteacher’s salary, he got involved in average cost investing — and by the time he passed away, he was worth about $30 million. 

This customer was Chris’s first trading teacher. He showed him the basics of how to read a stock chart and how to execute an order … analog-style, with a check! 

This initial interest in trading led Chris to look for more information online, and he came across Timothy Sykes. He figured that he didn’t have as much time to amass a fortune as his mentor, so maybe penny stocks could speed up the timeline. 

Getting Started in the Markets

When Chris Morales started trading, he knew it was going to be a challenge. He’d struggled with a learning disability, so he knew he’d have to work “ten times harder” than anyone else. But he had faith that it would get it over time. 

His dedication didn’t go unnoticed. He gained attention in the community as an up-and-comer, even capturing the interest of SteadyTrade co-host and SteadyTrade Team lead trainer Tim Bohen.

Making It Happen

Trading is no joke. As Chris puts it, “It’s about the journey of self-enlightenment, the journey of yourself, and facing a lot of your personal demons.” 

He thought he was pretty mentally solid before he got into trading — but suddenly, everything was laid bare. Trading provokes different emotions because it’s faster and more volatile. There are highs from making money and lows from losing money.

No doubt, it’s a lot different from his bakery job. Baking is repetitive and follows a routine … Trading, not so much.

Stephen and Chris talk about their personal awakenings regarding the emotions surrounding trading, and how it’s helped them both find consistency

A Strategy With Splits

Chris has a strategy that involves trading splits.

With stocks, there are two types of splits — forward splits and reverse splits. Reverse splits are a condensation of the number of shares while raising the price per share. This captured his interest. He started to notice that reverse splits followed patterns.

He also started to get interested in what Kim refers to as looking “under the hood.” He really dug deep into SEC requirements, as well as Nasdaq and NYSE listing requirements. In his research, he observed how the market is governed for poorly performing stocks. 

According to Chris, once you understand the rules, you understand the currents controlling these stocks and what’s necessary for them to grow.

Traders won’t want to miss his clear explanation of how reverse splits work and how traders can use this dilution to their advantage. Seriously — be prepared to take notes! 

Developing Mental Strength

No trader should miss this, newbie or accomplished. Because developing the necessary mental strength for trading is key.

Whether you’re on a high or a low streak, you’ll be subject to powerful feelings that Chris says act as a “conduit to your own trading.” You’ve gotta get in touch with those emotions

To close out the interview, Chris gives thanks to some of his biggest inspirations and teachers: 

“I want to give a big thank you to Tim Sykes for getting me started on this path. I want to thank Roland Wolf and Mike “Huddie” Hudson for tying all the loose ends together. And a special thank you to my man and brother through this journey, Kenny aka VitaminK … Lots of whiskey and nights reading SEC filings together. Whenever I fell down you always picked me up.” 

How to Connect With Chris Morales and More

Check out the following links for how you can follow Chris and for his top trading books and resources…

Follow Chris Morales on Social Media

Instagram: @tangobaker 

Twitter: @twoleftfeettango

Trading Books Chris Recommends

“Sold Short: Uncovering Deception in the Markets” by Manuel P. Asensio and Jack Barth

“PIPEs: A Guide to Private Investments in Public Equity” by Steven Dresner and E. Kurt Kim 

“Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market” by Scott Patterson

(As an Amazon Associate, we earn from qualifying purchases.) 

Suggested Resource

Auspex Research. Note from Chris: You don’t need an Alpha membership — skip those links. 

Curious About Something?

If you want to know more, reach out!

Remember: if we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Crazy into this episode? Please leave a review on iTunes!

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TWIST: Adjusting to the Market on the Fly With $GENE & More https://www.steadytrade.com/twist-adjusting-to-the-market-on-the-fly/ https://www.steadytrade.com/twist-adjusting-to-the-market-on-the-fly/#respond Thu, 16 Jul 2020 19:08:02 +0000 https://www.steadytrade.com/?p=2893 The market is ALWAYS changing … That means adjusting to the market is crucial. One week, we might see a 500% runner every day… The next, we might have to search everywhere to find a SINGLE stock running … why is that? As traders, we’re not in control of the market. There’s no way we […]

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The market is ALWAYS changing … That means adjusting to the market is crucial.

One week, we might see a 500% runner every day…

The next, we might have to search everywhere to find a SINGLE stock running … why is that?

As traders, we’re not in control of the market. There’s no way we can force stocks to do what we want. We’re at the mercy of Mother Market. 

So, in an ever-changing market, how can traders remain consistent?

By adjusting to market as it is now or… adapting on the fly. 

This week, your three favorite hosts discuss how they’re adjusting to the market in the post-pandemic world. There have been some BIG changes. 

Sit back and get comfy. Grab your pen and notepad … It’s TWIST time. 

The episode was recorded on July 15, 2020, and features the following stocks: 

    • American Lithium Corp. (OTCQB: LIACF)
    • NexTech AR Solutions Corp. (OTCQB: NEXCF)
    • Vaxart, Inc. (NASDAQ: VXRT)
    • Genetic Technologies Limited (NASDAQ: GENE)

 

  • And one Nasdaq stock you should have on your radar. Tune in to get it!

 

Follow your hosts and today’s guest on Twitter to follow their journeys in trading: 

TWIST StocksToTrade Giveaway:

Head over to https://www.steadytrade.com/twist-sweepstakes/ to see how you can enter for a chance to win 1 FREE month of the StocksToTrade platform!

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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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Ep 156: Low-Stress Gap Trading with Latoya Smith https://www.steadytrade.com/ep-156-latoya-smith/ https://www.steadytrade.com/ep-156-latoya-smith/#respond Tue, 14 Jul 2020 16:10:26 +0000 https://www.steadytrade.com/?p=2888 This week on the SteadyTrade podcast: low-stress gap trading with Latoya Smith. One thing leads to another! A few weeks ago, the SteadyTrade Podcast featured Jane Gallina, aka “Airplane Jane.” (Psst: Did you miss the interview? Check it out here.) Following the episode, co-host Kim Ann Curtin checked out Jane’s book about awesome female traders, […]

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This week on the SteadyTrade podcast: low-stress gap trading with Latoya Smith.

One thing leads to another! A few weeks ago, the SteadyTrade Podcast featured Jane Gallina, aka “Airplane Jane.” (Psst: Did you miss the interview? Check it out here.) Following the episode, co-host Kim Ann Curtin checked out Jane’s book about awesome female traders, and that’s how she discovered trader Latoya Smith.

Today, Latoya joins Kim and co-host Stephen Johnson. Latoya is a gap trader who likes to approach trading with as little stress as possible. Discover how she finds stocks and trades and how she’s found success in the market — all while raising young children.

Latoya Smith’s Story

Latoya comes from a finance background. She studied finance in college, and after she finished school, she wanted to put her degree to work. She worked with a custodial bank but found herself thinking there had to be some other option. 

In 2006, she formed an investment club with friends. As a group, they’d choose stocks to trade. 

As the treasurer, Latoya was the one who actually placed the trades. Over time, she started to notice that some of the price fluctuations could result in higher profits if they held positions for shorter time periods … That kicked off of her fascination with the stock market’s mechanics.

She started seeking out an education, and that’s how she found Tim Sykes. Like many of Sykes’ students (including Stephen!), she started out wary. But she was interested enough to check out his program. She immersed herself in the world of small-cap stocks and got into short-term trading. 

 Don’t miss Latoya’s incredible story of trading self-discovery … Like any trader’s journey, it includes the bumps along the way. But there was also a brief foray into real estate. Tune in to find out what made her decide to quit her job in 2012 to pursue trading full time.

Latoya Smith on Going Full Time and Developing a Strategy

Interested in quitting your job and trading full time? Don’t miss Latoya’s honest account of her journey from full-time work to the sometimes terrifying unknown world of trading.

She explains how it was very scary to give up “sure money” at her job, but why it was worth it in the long run. She wanted a happy place, she wanted her time back, she wanted to have kids … In short, she was after a different kind of life, and she thought she might find it in trading. 

What about being a woman trader? No matter what gender you identify with, you won’t want to miss her uplifting and refreshing thoughts on why she never had reservations about being a woman trader in a male-dominated field!

She also explains how her strategy has evolved. She was making good money with small-caps, but it can be hard to control losses. It’s easy to lose money fast. And it can all boil down to a single press release. 

She figured there had to be something more controlled. That eventually led her to her current strategy of trading mid- to large-cap stocks based on momentum. 

These days, Latoya has “much more controlled risk” thanks to trading gaps. She bases trades on upcoming earnings or earnings reports, going in the direction of the gap. For example, a stock might gap up on earnings — and then it might be a good short into the fade. 

Latoya’s transition of strategies wasn’t easy, though. She shares how at one point, she took time off from trading for three months to actually observe the market and perfect her methods. 

She also talks about how she approaches the market on an up day, a down day, or a sideways day. 

Best of all? She does it all in the morning. Yep: Latoya tries to be done with trading by noon so she can spend time with her kids!

What Helps Traders Succeed?

Listen up, traders: Latoya Smith has the goods on the characteristics that can really help traders get ahead. 

Confidence, for instance, might seem like a no-brainer — but it’s not always what it seems. Stephen, Kim, and Latoya discuss the inherent self-confidence that’s necessary to succeed as a trader. It’s what will keep you going when times get tough … and times WILL get tough! 

She also talks about the importance of a plan and why technicals matter most to her. She also offers vital tips for new traders about how to avoid “revenge trading” — when you’re mad you lost a trade and try to make your money back!

Connect With Latoya Smith

Website: https://theprofitroom.com 

Email: latoya@theprofitroom.com 

Instagram: @theprofitroom

Twitter: @theprofitroom

YouTube: The Profit Room

What Do You Think?

Curious about the episode, Latoya’s methods, or trading in general? Send us a line.

If we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love the episode? Please leave a review on iTunes.

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TWIST: Special Guest Tim Grittani Analyzes $CYDY & More https://www.steadytrade.com/twist-tim-grittani/ https://www.steadytrade.com/twist-tim-grittani/#comments Thu, 09 Jul 2020 18:45:06 +0000 https://www.steadytrade.com/?p=2882 Every trader wants to be him… Every trader looks up to him… This week, your favorite hosts sit down with the one and only … Tim Grittani.  This is the trader who turned $1,500 of his own money into over $12 million in verified profits (check out his full trading journey on Profit.ly).* Grittani ended […]

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Every trader wants to be him…

Every trader looks up to him…

This week, your favorite hosts sit down with the one and only … Tim Grittani. 

This is the trader who turned $1,500 of his own money into over $12 million in verified profits (check out his full trading journey on Profit.ly).*

Grittani ended June 2020 with a bang. In fact, it was a new personal record — $272,000 in a single day. *

How did he do it? That’s what we’re here to find out. 

So sit back and get comfy. Grab your pen and notepad. It’s TWIST time. 

The episode was recorded on July 8, 2020, and features the following stocks: 

    • CytoDyn Inc. (OTCQB: CYDY)
    • MOGU Inc. (NYSE: MOGU)
    • Genius Brands International, Inc. (NASDAQ: GNUS)
  • And one OTC stock you should have on your radar. Tune in to get it!

Follow your hosts and today’s guest on Twitter to follow their journeys in trading:

And if you missed, you can catch the replay of Matthew Monaco and Tim Bohen’s StocksToTrade webinar here: http://stockstotrade.com/webinar-replay.

*Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.

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Ep 155: Interview With Penny Stock Investor Peter Leeds https://www.steadytrade.com/ep-155-interview-with-penny-stock-investor-peter-leeds/ https://www.steadytrade.com/ep-155-interview-with-penny-stock-investor-peter-leeds/#respond Tue, 07 Jul 2020 16:34:10 +0000 https://www.steadytrade.com/?p=2877 Peter Leeds is a prominent penny stock investor. Yes, you read that correctly. That’s a way different approach to penny stocks than most day traders, and the SteadyTrade crew wants to know all about his process!  What’s the difference between a trader and an investor? Intention and duration. As longtime SteadyTrade listeners know, most penny […]

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Peter Leeds is a prominent penny stock investor. Yes, you read that correctly. That’s a way different approach to penny stocks than most day traders, and the SteadyTrade crew wants to know all about his process! 

What’s the difference between a trader and an investor? Intention and duration.

As longtime SteadyTrade listeners know, most penny stocks eventually fail. That’s why many day traders merely use them as vehicles to ride brief spikes rather than investing in the long term.

In this episode, you’ll learn all about how Peter approaches penny stocks, including his extensive research process, his objectives, and how he developed his strategy. Prepare yourself for a whole new point of view on penny stocks! 

About Peter Leeds

Peter isn’t just some dude. He’s earned his chops in the market. He’s written for Forbes, About.com, and Investopedia. Peter’s also built a popular YouTube channel and has been featured on all sorts of media outlets. 

Oh, and he’s penned several books, including the international bestseller, “Penny Stocks for Dummies.”

Believe it or not … Peter started trading penny stocks when he was 14 years old. He saved up money doing “a lot of stupid jobs” like pulling weeds, moving rocks … He figured there had to be a better way. 

What does a kid with an inkling toward the market but not too much money gravitate toward? Penny stocks, naturally! 

At the tender age of 14, he put his entire savings — $3,600 — into a single company. It got halted … and he lost all of his money. 

This put Peter at a crossroads. He could either tuck his tail between his legs and fade into the background … or figure out a better way.

He chose the latter. Don’t miss the incredible story of how a young Peter Leeds looked at what he did wrong, continued to improve, and figured out a strategy that worked for him.

(As an Amazon Associate, we earn from qualifying purchases.)

Peter Leeds on the War on Penny Stocks 

A lot of people hate penny stocks … For the most part, it’s warranted. The niche tends to draw degenerates with $500 accounts. Too many traders aren’t willing to invest time in learning how to trade and just “throw stuff at the wall,” according to SteadyTrade co-host Tim Bohen

But Peter’s strategy is making all of the hosts — Tim, Stephen Johnson, and Kim Ann Curtin — take a whole new look at penny stocks.  

How Peter’s Trading and Investing Now

According to Peter, no matter how you approach penny stocks — as a trader, or as an investor — you’ve got to adapt. Given the current market volatility, it’s more important than ever.

While he’s “into technology,” he’s been changing it up recently. Gold has become an area of interest, as well as options. Peter also talks about what sectors or types of stocks he’s avoiding right now … Don’t miss this vital information.

Peter’s Criteria: What Makes a Good Purchase?

Want to know how Peter Leeds finds a diamond in the rough? 

First, you gotta be honest with yourself. Are you looking for a lottery ticket, or are you looking for growth?

For him, companies that have just a few employees, a good idea, and enough financial stability to “make it through the turbulence until they get to cruising altitude” are ideal. But how does he find them?

Peter explains his personal process for finding stocks to invest in. Fundamentals account for about 80% of his analysis. Technicals and “third-level analysis” that’s unique to his company account for the rest. 

Why so much research? Remember: Peter invests in these stocks, so his trades are generally long term. 

However, like day trading, it’s highly speculative. Experience and knowledge are necessary if you want to find consistency. 

What It Really Takes to Find Consistency

In the episode, Peter discusses some key things that traders and investors alike need to figure out if they want to be in it for the long haul, including:

  • Are you passionate enough about this to make it work?
  • How to figure out your risk tolerance.
  • How to determine and evaluate your goals … it’s about more than just making money.
  • The effects of trading on your life … it can really change you for the better! 

To close out the episode, Peter offers up the top questions new traders should ask themselves … Don’t miss his responses, and learn why Stephen says as soon as he becomes a millionaire, he wants to get drunk with Peter/.

Connect With Peter

Website: https://peterleeds.com 

LinkedIn: Peter Leeds

Twitter: @peter_leeds

Buy Peter’s Books: 

“Invest in Penny Stocks: A Guide to Profitable Trading”

“Penny Stocks For Dummies”

What Did You Think?

Got a question or something to say about the episode? Don’t be shy, hit us up!

If we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Drop a comment below or on YouTube!

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

Love the episode? Please leave a review on iTunes.

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TWIST: Trading Small Accounts With Ben Holida — Part 2 https://www.steadytrade.com/twist-ben-holida-part-2/ https://www.steadytrade.com/twist-ben-holida-part-2/#respond Thu, 02 Jul 2020 19:14:27 +0000 https://www.steadytrade.com/?p=2868 Trading with a small account is … different.  A lot of traders start there. But as their accounts grow, their trading evolves.  So what works for a trader like Tim Grittani won’t necessarily work for your $2,000 account. So we took YOUR questions, like… What’s the best way to grow your small account?  How do […]

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Trading with a small account is … different. 

A lot of traders start there. But as their accounts grow, their trading evolves. 

So what works for a trader like Tim Grittani won’t necessarily work for your $2,000 account. So we took YOUR questions, like…

  • What’s the best way to grow your small account? 
  • How do you find stocks to play?
  • How do you pay yourself along the way? And…
  • When should you start sizing up?

In this episode, we’re answering those questions. Tune in with your three favorite TWIST hosts and this episode’s special guest … He’s a consistent small account trader … it’s Ben Holida! 

So sit back and get comfy. Grab your pen and notepad. It’s TWIST time. 

The episode was recorded on June 24, 2020.

Follow your hosts and today’s guest on Twitter to follow their journeys in trading: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

Ben Holida: @BenHolida

Looking for more insight from Matthew Monaco? He’s sharing his trading tips during a FREE strategy webinar with Tim Bohen on July 8th! Save your spot here.

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Ep 154: Eat, Sleep, Trade, Repeat with Single Mom and Newbie Trader Tessa Lamping https://www.steadytrade.com/ep-154-tessa-lamping/ https://www.steadytrade.com/ep-154-tessa-lamping/#comments Tue, 30 Jun 2020 18:03:19 +0000 https://www.steadytrade.com/?p=2860 No two trading stories are the same. But Tessa Lamping has quite an exceptional story. She’s an inspiring, ambitious, strong woman who’s making day trading work for her … All while working part-time … and as a single mom with a kid who’s currently teething!  It’s just the women today with Kim Ann Curtin conducting […]

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No two trading stories are the same. But Tessa Lamping has quite an exceptional story. She’s an inspiring, ambitious, strong woman who’s making day trading work for her … All while working part-time … and as a single mom with a kid who’s currently teething! 

It’s just the women today with Kim Ann Curtin conducting the interview … Tune in for Tessa’s unique take on life, trading, and getting ahead in a male-dominated sector. 

Psst! Looking for more interviews with awesome women traders? Check out Episode 153 with Jane Gallina, aka Airplane Jane! 

Tessa’s Story 

Tessa Lamping has always been highly driven. She graduated from college with her associate’s degree early. She worked in the corporate sector, and she was an international runway modeling … Did we mention she’s still just 24?

Her journey to day-trading actually started with the end of a relationship. That’s when she moved back in with her parents with her baby. Runway modeling was no longer an option, so she started looking for other avenues of income.

She dabbled in a few different fields before deciding to get her bachelor’s in information security … but she didn’t like it. So she got into forex and crypto, with mixed results.

Then, she came across an ad for Tim Sykes’ Trading Challenge. 

Discovering Penny Stocks 

Tessa really resonated with Tim Sykes — she found his no-BS approach refreshing. So she started watching his vast collection of YouTube videos.

Funds were low, but she started with some of Sykes’ programs. Though she wasn’t yet able to join the Challenge, Tim still took notice.

After giving birth, Tessa learned that she had cervical cancer. So she decided to put her recovery time to work by studying. She figured, “hopefully this can get taken care of because I need to be a millionaire.” 

A photo of her studying in treatment went viral in the trading community, and it cemented Tessa’s resolve to find success in trading. 

Paper Trading to IRL Trading 

Tessa explains the progression of her trading career. That includes how she subscribed to StocksToTrade and began to learn the ropes through paper trading.

Paper trading can be a hot topic among traders — is it a good thing, or is it a crutch? Tessa found it was a great way for her to get her bearings.

She took it seriously. She’d wake up at 3:50 a.m. Pacific to study the market… 

All said, Tessa paper traded for six months. And in that time she built a $2K virtual account into $5K. 

Once the volatility from the coronavirus pandemic kicked in, she felt it was time to go live with her trading … New traders won’t want to miss her honest discussion of the growing pains that came with making that shift. Plus, she talks about how she’s learning her way through both wins and losses. 

Don’t miss these lessons from a new trader! As Kim says, “These are small details that make a big difference.” 

What Tessa Lamping Focuses On

Tessa has to keep her son’s sleep schedule in account, and she’s found that the best pattern for her right now is morning panics. 

Dip buying morning panics works well if her kid sleeps in … But she’s quick to admit that if she tries to trade while tending to his needs, that’s usually when she makes mistakes.

She talks about some of the resources that have helped her the most, including: 

  • “How to Make Millions” — this Tim Sykes guide is more than 30 hours, but jam-packed with information. Tessa’s watched it at least four times! 
  • SEC Filings: Understanding SEC filings has also been hugely helpful in pointing Tessa to the most promising trades.
  • “Trader Checklist” — this is another Sykes resource. This multi-part trading guide is one of Tessa’s favorite resources. Have you listened to the SteadyTrade series on the Trader Checklist? If not, start here.
  • StocksToTrade platform: According to Tessa, having a powerful screener like STT has made a huge difference in her trading.  

The Biggest Challenges Tessa Faces 

Tessa opens up with Kim about her personal challenges with trading.

Many traders will be able to relate to her difficulties … like focusing on one setup and knowing what kind of position size to take. 

She also honestly and clearly explains how she’s working on increasing wins and learning how to cut losses. And she’s developing her own set of rules through experience. 

Learn about the trading break she took to get focused, how she realized her most compatible pattern to work with, and how she’s having more green days than red now! 

Connect With Tessa Lamping

Curious About Something?

Curious about Tessa Lamping’s journey? Go ahead and ask! 

If we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love the episode? Please leave a review on iTunes.

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TWIST: Trading Small Accounts With Ben Holida — Part 1 — June 25, 2020 https://www.steadytrade.com/twist-trading-small-accounts-with-ben-holida-part-1-june-25-2020/ https://www.steadytrade.com/twist-trading-small-accounts-with-ben-holida-part-1-june-25-2020/#comments Thu, 25 Jun 2020 17:13:16 +0000 https://www.steadytrade.com/?p=2853 Trading with small accounts is … different.  A lot of traders start there. But as their accounts grow, their trading evolves.  So what works for a trader like Tim Grittani won’t necessarily work for your $2,000 account. So we took YOUR questions, like… What’s the best way to grow your small account?  What patterns should […]

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Trading with small accounts is … different. 

A lot of traders start there. But as their accounts grow, their trading evolves. 

So what works for a trader like Tim Grittani won’t necessarily work for your $2,000 account. So we took YOUR questions, like…

  • What’s the best way to grow your small account? 
  • What patterns should small accounts trade?
  • Can you actually scale into positions? And…
  • Is it even possible to grow small accounts?

In this episode, we’re answering those questions. Tune in with your three favorite TWIST hosts and this episode’s special guest … He’s a consistent small account trader … it’s Ben Holida!

So sit back and get comfy. Grab your pen and notepad. It’s TWIST time. 

The episode was recorded on June 24, 2020.

Follow your hosts and today’s guest on Twitter to follow their journeys in trading: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

Ben Holida: @BenHolida

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Ep 153: Flight Plan or Trading Plan? Interview With Jane Gallina, aka Airplane Jane https://www.steadytrade.com/ep-153-airplane-jane/ https://www.steadytrade.com/ep-153-airplane-jane/#respond Tue, 23 Jun 2020 20:54:48 +0000 https://www.steadytrade.com/?p=2846 Jane Gallina, known to her followers as Airplane Jane, is NOT just in trading for the money… As a trader, you’ve got a tough road ahead if you’re solely motivated by money. Passion is key to a healthy and happy trading career. Otherwise, you simply won’t have the staying power to stick with it for […]

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Jane Gallina, known to her followers as Airplane Jane, is NOT just in trading for the money…

As a trader, you’ve got a tough road ahead if you’re solely motivated by money. Passion is key to a healthy and happy trading career. Otherwise, you simply won’t have the staying power to stick with it for the long haul.

Don’t know who Airplane Jane is? She’s a trained pilot and a trader who’s passionate and inspiring … You won’t want to miss this episode! 

Plus, the entire crew’s on board. Tim Bohen, Kim Ann Curtin, and Stephen Johnson all talk with Jane about her fascinating career, many talents, and how she approaches trading and life. 

Getting To Know Airplane Jane 

Jane’s kind of a unicorn — a successful female trader. While there are obviously no gender restrictions associated with trading, it’s generally a male-dominated arena. 

Happily, that’s been changing in recent years. But even back in the 1990s, Jane wasn’t intimidated … Then again, she’s not intimidated by much. 

This self-proclaimed go-getter isn’t shy about chasing her dreams. She speaks four languages … She’s traveled the globe and dabbled in real estate. 

So what’s with the name? Airplane Jane has been in aviation since 1996 when she started working at an airline desk. Once she got interested in piloting, she didn’t hesitate. Just months later, she had her license. 

She’s also worked in finance throughout the years … Tune in to learn how she passed the Series 7 exam and became a registered assistant to various brokers. 

Jane’s Trading Story

Jane began trading in the 90s, but it’s been an on-again, off-again relationship. Over the years, layoffs took Jane in and out of trading. 

Her first layoff took her out of trading. It was in 2000, during the dot-com bubble. She was working with Salomon Smith Barney at the time … and disappointed by what she saw happening in the economy. So she got out of the game, made a massive career pivot, and jetted off to Europe to go to culinary school.  

She headed down a pastry-paved road for a while, operating a wholesale baking business. And she traveled the world thanks to her airline connections, learning a lot about life and finance from a small business standpoint. 

Then love and marriage took her to Montreal. When she was eight months pregnant, she was laid off again. That’s when she decided to get back into trading as a means of providing for her family. 

After a few great trades as a value investor, she found Tim Sykes and learned how to day trade. She notes how thankful she is for his tools and instruments. It’s how she found her footing and got started on her…

Journey to Penny Stocks and Beyond 

It wasn’t ultimately Jane’s path to be a penny stock trader. But as she says, that niche “taught me the basics of how to progress forward and find the strategy that worked for me.”

See? Knowledge is power with trading … Everything you learn can inform your future progress. 

So why did Airplane Jane depart from penny stock land? Jane finds there’s more “trader-driven manipulation” in penny stocks versus “dark-pool manipulation” with bigger stocks. 

Manipulation may be inherent in the stock market, but it doesn’t mean it’s impossible to find success as a trader. According to her, It’s more about understanding the rules of the game. 

Flying and Trading With Airplane Jane

Are there similarities between flying and trading? Oh yeah.

Jane is an instrument-trained pilot — with that training, you get used to seeing scans and managing many variables at once. This comes in handy with trading because you can watch multiple charts easily.

Don’t miss Jane’s explanation of the connections between flying and trading … And how they can both become second nature once you learn. 

Finding Your Edge

As the crew chats with Jane, if you’re considering different trading styles, you’ve got to ask yourself questions some core questions, like…

  • What are you good at? 
  • What kind of position sizes work for you?
  • How much time can you dedicate to the market? 

They discuss how to develop a trading style. And Jane talks about paper trading and why she’s a big fan of using it to develop a strategy. 

And she reveals how she found her own edge. It took practice and connecting with other traders — all while writing her book “#FMJ Trust Transition Trade: How Successful Traders Said It, Did It, and Lived It.” Now she works with a trading partner. 

(As an Amazon Associate, we earn from qualifying purchases.)

Questions From the Crew 

To close out the episode, each SteadyTrade host asks Jane a hard-hitting question. Learn what she really thinks about starting your career with penny stocks… 

… what kind of edge women have in trading… 

… and how much studying she thinks is really necessary to become a self-sufficient trader! 

Connect With Jane 

Got Something to Say?

Got a question about or for Airplane Jane? Hit us up! 

Remember, if we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Fan of the episode? Please leave a review on iTunes.

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TWIST: Volume Is KING Featuring $IDEX & More- June 18, 2020 https://www.steadytrade.com/twist-volume-is-king-6-18-20/ https://www.steadytrade.com/twist-volume-is-king-6-18-20/#comments Thu, 18 Jun 2020 16:57:56 +0000 https://www.steadytrade.com/?p=2842 Your favorite three hosts have a VALUE-PACKED episode for you today…  We started this podcast two months ago to give you real, raw trading insights. Today, we executed that goal perfectly — thanks to an incredible play on Ideanomics, Inc. (NASDAQ: IDEX).  We dissect the play from start to finish. The perfect multi-day breakout…  The […]

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Your favorite three hosts have a VALUE-PACKED episode for you today… 

We started this podcast two months ago to give you real, raw trading insights. Today, we executed that goal perfectly — thanks to an incredible play on Ideanomics, Inc. (NASDAQ: IDEX). 

We dissect the play from start to finish. The perfect multi-day breakout… 

The importance of volume… 

The midday perk pattern…

And the parabolic short. All in one day … on one singular stock. 

If there was ever a must-watch episode … THIS IS IT. 

So sit back and get a notepad ready. It’s TWIST time. 

The episode was recorded on June 17, 2020, and features the following stocks: 

  • Indivior PLC (OTC: INVVY)
  • Urban One, Inc. (NASDAQ: UONEK)
  • Ideanomics, Inc. (NASDAQ: IDEX)
  • Atlas Financial Holdings, Inc. (NASDAQ: AFH)

Follow your hosts on Twitter to keep up with their journey: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

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Ep 152: Riding Big Market and Ocean Waves With Surfing Legend Shane Dorian https://www.steadytrade.com/ep-152-shane-dorian/ https://www.steadytrade.com/ep-152-shane-dorian/#respond Tue, 16 Jun 2020 17:52:35 +0000 https://www.steadytrade.com/?p=2839 What does surfing have to do with trading? As it turns out, quite a lot. Just ask Shane Dorian. Shane is today’s guest on the SteadyTrade podcast. He’s a pro surfer … and an accomplished trader.  Kim Ann Curtin has been a fan of Shane Dorian for a long time. As both an amateur surfer […]

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What does surfing have to do with trading? As it turns out, quite a lot. Just ask Shane Dorian.

Shane is today’s guest on the SteadyTrade podcast. He’s a pro surfer … and an accomplished trader. 

Kim Ann Curtin has been a fan of Shane Dorian for a long time. As both an amateur surfer and trader herself, she figured he’d probably have some great lessons to share. 

Tim Bohen hadn’t been acquainted with Shane before the episode … But you’ll notice a serious bromance brewing between them within minutes. They connect on strategies, mindset, and learning styles … and a shared love of hunting! 

You won’t want to miss this amazing conversation about riding the waves of the market … and the ocean! 

About Shane Dorian

Shane is a Hawaii-born surfer who began surfing at the tender age of five. He spent 11 years touring on the World Championship Tour as a pro surfer before quitting the pro circuit to focus on big waves.

If you’re not familiar with big wave surfing, that’s a specific type of surfing involving surfing waves that are at least 20 feet high. Not impressed? Do a Google image search. It’s mind-blowing! 

In addition to being one of the best-known big wave surfers in the world, Shane is also an accomplished trader, with 16 years’ experience!

Shane’s Trading Journey

Shane started trading in 2004. In the episode, he shares the unbelievable story of how he got started in the market by going “all in” on a coffee stock. 

Most traders know this strategy isn’t usually the best idea. If the trade doesn’t go your way, it could decimate your account. But oddly, it worked out favorably for Shane. So did his next trade… 

But he knew that he couldn’t tempt fate forever. Shane decided to get real about trading and started to seek out an education. He wanted to try to replicate his successes — but with the odds in his favor. 

So … How Is Surfing Like Trading? 

As Kim observes, there’s quite a bit of overlap in the stamina and emotional discipline necessary to become consistent as a surfer and as a trader. 

The crew discusses several universal lessons and concepts that carry over seamlessly from suffering to trading, such as… 

Find Your Tribe 

Shane Dorian was featured in a great documentary called “Momentum Generation,” which focuses on a group of surfers who changed the world of pro surfing forever. 

The surf scene today wouldn’t have evolved the way it did if it weren’t for the camaraderie of a group of ragtag surfers. 

Likewise, the trading scene today has largely evolved due to the incredible online community of traders working together. That’s evident in groups like Tim Sykes’ Trading Challenge and the SteadyTrade Team community. 

Risky Business

“Trading’s super easy,” says Shane … He’s kidding, of course! 

Both surfing and trading can be extremely risky. 

According to Shane, it’s vital to have a set of rules in place that you can adhere to and use as a guide to dictate your actions. That’s all to help you keep emotions out of the decision-making process.

When Shane is surfing, he needs to take into account what he values — he has a wife and kids. He needs to justify his choice to put himself in danger. 

Likewise, he has to be prudent in trading. He values having an account that isn’t in the red, so potential trades must meet certain criteria to make it worth his while. 

Consider the Consequences

Big wave surfing is extremely dangerous. Shane knows people who have died doing it … He’s even had close calls of his own. 

He knows that to stay alive, he needs to take precautions. The potential of the wave has to match the risk. If it’s a scale of 1–10, it’s got to be a 9 or a 10. The idea? “Surf with as little risk as possible with as much reward as possible.” 

Kind of sounds like the Sykes Sliding Scale, right? 

While the consequence of a bad trade might not be personal injury, it could be the death of your account. Why waste your time and money on trades that aren’t worth it? 

Don’t Be a Follower

Shane talks about how he has fellow surfers who are constantly chasing waves … “Full FOMO,” as he puts it.

As for him? If there are no waves, “I just don’t show up.” 

Kim admires this ability to know when to say when and avoid chasing. And the crew talks about how this concept carries over to trading. 

Don’t Try to Discover Companies

According to Shane, there are enough trading opportunities out there with existing companies … Why waste your time trying to anticipate the next thing?

The crew talks about “obvious” trades, and how it’s often a better tactic to react than to try to anticipate. 

Plus, Shane shares his personal method of methodically finding potential trades and how long he holds positions! 

Shane Dorian’s Top Tips For Surfers and Traders 

To close out the episode, Shane offers some incredible life wisdom that’s appropriate for surfers and traders … Anyone, really! 

Don’t miss why he thinks that passion, education, rules, and having a plan are VITAL for long-term success! 

Connect With Shane 

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Curious About Something?

Did this episode pique your interest? If you’ve got questions, drop us a line! 

Remember: if we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love this episode? Please leave a review on iTunes.

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TWIST: Where Are the 90%? (With Scott Saylor) Featuring $HTZ & More, June 11, 2020 https://www.steadytrade.com/twist-scott-saylor-6-11-20/ https://www.steadytrade.com/twist-scott-saylor-6-11-20/#comments Thu, 11 Jun 2020 17:02:43 +0000 https://www.steadytrade.com/?p=2833 Your favorite three hosts have another special guess for you … Scott Saylor.  Scott isn’t a millionaire trader or financial guru — yet. But he fully embraces the ‘trader mindset.’ Trading is over 90% mental work. So your mindset matters … But what’s the right mindset? How do you become more disciplined? And how do […]

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Your favorite three hosts have another special guess for you … Scott Saylor. 

Scott isn’t a millionaire trader or financial guru — yet. But he fully embraces the ‘trader mindset.’

Trading is over 90% mental work. So your mindset matters … But what’s the right mindset? How do you become more disciplined? And how do you separate yourself from the 90% of traders who fail? Find out the answers in today’s episode.

The episode was recorded on June 10, 2020, and features the following stocks: 

  • Genius Brands International, Inc. (NASDAQ: GNUS)
  • Hertz Global Holdings, Inc. (NYSE: HTZ)
  • J. C. Penney Company, Inc. (OTC: JCPNQ)
  • Plus one BONUS ticker that should be on your radar…

Follow your hosts on Twitter to keep up with their journey: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

Scott Saylor: @scottstrading11

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Ep 151: Why Intuition Is Essential for Long-Term Success — Featuring Jason Apollo Voss https://www.steadytrade.com/ep-151-jason-apollo-voss/ https://www.steadytrade.com/ep-151-jason-apollo-voss/#comments Tue, 09 Jun 2020 16:53:16 +0000 https://www.steadytrade.com/?p=2828 In today’s episode, special guest Jason Apollo Voss joins co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson.  One big topic for today: intuition in the markets. Weird, right? Executing trades based on gut instinct alone is generally a really bad idea … However, that doesn’t mean that personal intuition shouldn’t play a role in […]

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In today’s episode, special guest Jason Apollo Voss joins co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson. 

One big topic for today: intuition in the markets. Weird, right? Executing trades based on gut instinct alone is generally a really bad idea … However, that doesn’t mean that personal intuition shouldn’t play a role in your trading. 

Enter Jason Apollo Voss. He’s a successful investor, author, and overall interesting figure in the world of trading. 

Kim met Jason in the early 2010s when he’d first moved to New York City. She subsequently featured him in her book, “Transforming Wall Street: A Conscious Path for a New Future.”

You won’t want to miss this incredible interview. The crew talks about the important role that intuition can play in trading success (really!) and so much more. 

About Jason Apollo Voss

Before retiring at age 35, Jason was a major player in the financial markets. Among his career highlights? He was the portfolio manager for the Davis Appreciation and Income Fund. That’s one of the nation’s largest money-management firms, as well as one of the largest shareholders for several familiar brands.

During his fund years, Jason beat the Nasdaq, S&P 500, and DJIA by impressive percentages. He was also a regular Morningstar Analyst Pick — they even assigned him a Stewardship Grade A. 

He credits much of his success on being able to rely on his personal intuition. In fact, he literally wrote the book on intuitive trading: “The Intuitive Investor: A Radical Guide for Manifesting Wealth.” 

Tuning in … to the Temperature!?

In the podcast, Jason leads with what might seem like an unusual exercise … Take a few moments to tune into the temperature of the location you’re in at this very moment. 

Believe it or not, Jason makes a case that this exercise can “change your life dramatically.” 

Give it a try! It could be the starting point to tuning in with the big, wide world out there. Once you begin to shift your perception about experiences, you can begin to take some interesting data from the world and from yourself. 

Letting Go of Your Inner Judge 

According to Jason, about half of investment success is all about the soft skills — including intuition. However, many traders try to remain in a purely analytical state. They train their minds to buzz by “a lot of rich content.” 

How can you untrain these tendencies, gain control of your mind, and let go of the “inner judge?”

Stephen offers his thoughts on how greed makes traders chase stocks and fear makes them sell when they shouldn’t … Trading can be very counterintuitive. It’s all about resetting the mind, getting into a higher level of consciousness, and being attuned to what’s playing into your trading decisions.

Sharpen Your Consciousness 

Data, analytical stuff — they matter a lot in trading. But according to Jason, there’s also a lot of value “where you’re not looking.” 

Few traders take the time to connect with intuition. For this reason, he argues, traders who engage in personal work often find a lot more opportunities — because there’s less competition. 

Jason believes that the market is “a beautiful way of sharpening your consciousness.” He argues that “most people approach investing by conducting autopsies.” What if you could look at investing as a physical instead? This means looking at a stock’s habits, plans for the future, and so on. 

Learn why he believes that investing is a “spiritual pathway.” He talks about how he retired at age 35 … including what that means and how he did it. Plus, listen to the incredible and true story of how intuition helped him predict the financial crash of 2007–2008 before it happened! 

Skills for Traders to Develop Intuition 

Do you ever feel like you get your best ideas when you’re working out, in the shower, or driving? That’s not an accident. 

Jason discusses the meditative state and meditation for traders. He also offers specific steps traders can take to develop a greater sense of intuition … This could revolutionize your trading! 

Connect With Jason Apollo Voss! 

Here’s where you can find Jason online and in the world:

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Speak Your Mind! 

Got a question or comment about the episode?

Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Did you dig our interview with Jason Apollo Voss? Please leave a review on iTunes!

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TWIST: Special Guest Tim Sykes Analyzes $GNUS & More- June 4, 2020 https://www.steadytrade.com/twist-special-guest-tim-sykes-6-4-20/ https://www.steadytrade.com/twist-special-guest-tim-sykes-6-4-20/#comments Thu, 04 Jun 2020 16:00:16 +0000 https://www.steadytrade.com/?p=2818 This week we have a special episode with Millionaire Trader and Mentor Tim Sykes.  All three of your hosts started their trading career in the Tim Sykes Trading Challenge.  This episode is jam-packed with actionable tips and trading lessons for all skill levels.  The episode was recorded on June 2, 2020, and features the following […]

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This week we have a special episode with Millionaire Trader and Mentor Tim Sykes. 

All three of your hosts started their trading career in the Tim Sykes Trading Challenge. 

This episode is jam-packed with actionable tips and trading lessons for all skill levels. 

The episode was recorded on June 2, 2020, and features the following stocks: 

  • Genius Brands International, Inc. (NASDAQ: GNUS)
  • Transportation and Logistics Systems, Inc. (OTC: TLSS)
  • Remark Holdings, Inc. (NASDAQ: MARK)

Follow your hosts on Twitter to keep up with their journey: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

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Ep 150: SteadyTrade Celebrates 150 Episodes! https://www.steadytrade.com/ep-150-steadytrade-celebrates-150-episodes/ https://www.steadytrade.com/ep-150-steadytrade-celebrates-150-episodes/#respond Tue, 02 Jun 2020 18:49:20 +0000 https://www.steadytrade.com/?p=2812 Welcome to SteadyTrade’s very own version of a “Seinfeld” episode — it’s about nothing! Well, more like everything and nothing. This episode marks a major milestone — 150 episodes! Today, co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson join forces to look back at some of the best moments so far … and to […]

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Welcome to SteadyTrade’s very own version of a “Seinfeld” episode — it’s about nothing! Well, more like everything and nothing.

This episode marks a major milestone — 150 episodes! Today, co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson join forces to look back at some of the best moments so far … and to look forward to what the future may hold! 

Thank You, SteadyTrade Listeners!

If you’d asked Tim three years ago where the podcast might go, he might have guessed that Stephen would have “drunk himself to death” by now. 

Spoiler: Stephen’s alive and well … He’s even momentarily sober and trading strong. 

Since the show began, SteadyTrade’s featured a ton of topics relevant to trading and incredible guests like Tim Sykes, James Altucher, and Zack Michaelson.

Along the way, Kim joined the team. She helps nab awesome guests and adds a distinct element of consciousness to the show.  

It’s been a wild ride … And it’s not over yet! We offer our deepest thanks to you, listeners — you’re the reason why this podcast continues to slay! 

How Things Change Over 150 Episodes… 

A lot’s changed since the first episode of the SteadyTrade podcast — when a bull market was in full force. 

The team talks about the different opportunities in the current market, including virus-related day trades. And they touch on swing trades that “just make sense,” like at-home fitness and video conferencing stocks.

As Stephen notes, during times of big change, things go up and down a lot in the stock market — there are so many ripple effects for both long- and short-biased traders.  

The Crew’s Favorite Episodes

Wanna know which episodes the hosts loved best? 

Learn why Kim’s most memorable episode is Episode 100. That was the first time she was featured on the podcast, as a guest! The crew talks about how it was a game-changer episode for all of them. 

As for Tim? His favorite is Episode 111 — the Jim Rogers interview. For Tim, this episode was mind-blowing. He’s looked up to Jim for over a decade, read all of his books, and considers him one of his personal guides. 

Stephen reminisces about the Roland Wolf interview from the early SteadyTrade days … And he talks about how the Triforce Trader episode totally opened his eyes to different styles of trading! 

The Joys of Part-Time Trading 

Through the years — and over 150 episodes — Stephen’s trading journey has had a lot of ups and downs. 

After suffering devastating losses and nearly calling it quits, Stephen figured it out. Now, he’s a consistent trader.

And yet he’s still not thinking about going full time. 

The crew talks about the benefits of career diversity … After all, Stephen has a job, Tim teaches in addition to trading, and Kim has her coaching business. Tune in to find out why sticking to part-time trading could be a good thing! 

History Rhymes 

A lot of things change over the years, but some things don’t. Example? Penny stocks are typically still terrible companies.

So how do some of these stocks stick around for decades if they’re so terrible? 

The crew talks about how regardless of market conditions, certain patterns can still play out. 

Learn why the “first thing” Stephen and Tim do when approaching a new ticker is to look at the multi-year chart … Discover why this matters before you even look at other variables like float and volume.  

How Long Does Trading Success Take?

The team also tackles an age-old trading topic: how long does it actually take to become a consistent trader? 

Stephen talks about the “reconditioning period” that’s necessary for learning how to trade. That can take a few years. 

Why? Because your brain isn’t used to building a case and managing multiple variables while under serious stress. It’s hard to manage everything all of the variables in parallel. 

Or as Tim says, “You’re saying I can’t buy a Lamborghini in four days?”  

Kim talks about how her coach training taught her the importance of learning something until it’s “in your bones.” She argues how this applies to trading, too. 

Got Trading Questions or Comments?

Wanna congratulate the team on their big milestone of hitting 150 episodes … or just ask a question? Hit us up!

Remember: If we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave us a review on iTunes.

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TWIST: OTC Mania Continues With $TLSS & More — May 28, 2020 https://www.steadytrade.com/twist-otc-mania-5-28-20/ https://www.steadytrade.com/twist-otc-mania-5-28-20/#comments Thu, 28 May 2020 16:50:10 +0000 https://www.steadytrade.com/?p=2803 The OTC mania continues! Last week, your favorite TWIST hosts NAILED it with the “OTCs are Back” episode… And wow, are OTCs back! For the first time in over a year, OTC stocks are consistently running.  In today’s episode of TWIST, the trading trio analyze their trades, take a wide look at market conditions, and […]

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The OTC mania continues! Last week, your favorite TWIST hosts NAILED it with the “OTCs are Back” episode…

And wow, are OTCs back! For the first time in over a year, OTC stocks are consistently running. 

In today’s episode of TWIST, the trading trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now. 

Matt, Jack, and Kyle also talk about the importance of studying the past. Why? The current OTC mania shows that patterns repeat over … and over again. 

The episode was recorded on May 27, 2020, and features the following stocks: 

    • Indivior PLC (OTC: INVVY)
    • Intelsat S.A. (OTC: INTEQ)
    • Transportation and Logistics Systems, Inc. (OTC: TLSS)
  • Plus two BONUS tickers worthy of a spot on your radar…

Follow your hosts on Twitter to keep up with their journey: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

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Ep 149: Listener Mailbag: Reverse Splits, SEC Filings, and Multi-Month Breakouts https://www.steadytrade.com/ep-149-listener-mailbag/ https://www.steadytrade.com/ep-149-listener-mailbag/#respond Tue, 26 May 2020 16:32:57 +0000 https://www.steadytrade.com/?p=2798 It’s been a while since SteadyTrade’s last listener mailbag episode. But the questions are piling up … So today, the entire team is ready to dive in and start answering.  In this episode, co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson talk about some of the hottest topics traders want to know about right […]

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It’s been a while since SteadyTrade’s last listener mailbag episode. But the questions are piling up … So today, the entire team is ready to dive in and start answering. 

In this episode, co-hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson talk about some of the hottest topics traders want to know about right now. Learn everything you ever wanted to know and more about reverse splits, SEC filings, and multi-month breakouts! 

How’s the SteadyTrade Team Doing in Lockdown? 

At the time of this recording, much of the world is on lockdown due to the pandemic. 

The co-hosts are living through very different rules and restrictions in their respective homes of Michigan, Hawaii, and Dubai. 

Before digging into the meat of the episode, each host gives an update on how they’re doing. Learn how Stephen’s actively avoiding $500 fines in Dubai…  

Listener Mailbag: SEC Filings 

In several recent episodes, Stephen and Kim discussed vital day trading variables like float and volume, support and resistance, and more. Now, Kim wants to know about SEC filings … How much time should traders spend looking at them, and what should they look for, exactly?

Tim’s quick to say that every trader should have a good working knowledge of forms like the 8-K, 10-K, and 424(b)… 

Don’t know these basics? Check out Episode 86 featuring trader Michael Goode — it can help get you up to speed.

This part might surprise you: neither Tim nor Stephen look at SEC filings that much these days! Low-priced and penny stocks are a lot different from large-cap stocks. You’re far more likely to find shady companies with an address in the middle of nowhere. 

Nonetheless, smart traders can take information about sketchy companies and turn it into a trading advantage … That’s why you should tune in and learn how to consider things like warrants. And find out how penny stocks with poor financials can actually create short squeezes. Gotta love those short squeezes! 

Reverse Splits

Did you know that Nasdaq-listed penny stocks need to maintain a certain price point to stay on the exchange? When prices fall, a lot of companies do what’s called a reverse split. That means they condense the number of shares to increase the per-share price. 

For example, say that stock XYZ has a float of 10 million shares worth $1 each. With a 10:1 reverse split, the number of shares is reduced to 1 million. But each share now costs $10. And the company’s enterprise value hasn’t changed at all. 

In this listener mailbag episode, you’ll learn why so many reverse splits die on the first day. Tim talks about why he stays away until at least day two or three of a reverse split so the stock can “prove itself.” And Stephen explains why reverse splits can be “too scary” for him.

Multi-Month Breakouts 

Poetry in motion! Don’t miss Stephen’s perfect explanation of a multi-month breakout … It just about brings Tim — proud papa bear and trading mentor — to tears. 

If a stock has multi-month breakouts, how should you approach it as a trader? 

Both Tim and Stephen offer invaluable tips for what to look for in multi-month breakouts and how to trade them. Market cap, volume, resistance, and the right catalyst — all these factors matter.

Wanna Know More?

Did this listener mailbag episode bring up any pressing questions? Ask us anything! 

Remember: if we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love this listener mailbag episode? Please leave a review on iTunes.

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TWIST: OTCs Are Back — May 21, 2020 https://www.steadytrade.com/twist-otcs-are-back-5-21-20/ https://www.steadytrade.com/twist-otcs-are-back-5-21-20/#comments Thu, 21 May 2020 17:13:38 +0000 https://www.steadytrade.com/?p=2794 Jack and Kyle got an explosive start to their trading journey two years ago when OTCs ran … And it looks like OTC stocks are back (at least for now).  In today’s episode of TWIST, your three favorite hosts sit down to discuss real, raw market advice. The trio analyze their trades, take a wide […]

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Jack and Kyle got an explosive start to their trading journey two years ago when OTCs ran … And it looks like OTC stocks are back (at least for now). 

In today’s episode of TWIST, your three favorite hosts sit down to discuss real, raw market advice. The trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now. 

Matt, Jack, and Kyle also talk about the importance of reacting instead of predicting and how to capitalize on speculative OTC stocks.

The episode was recorded on May 20, 2020, and features the following stocks: 

  • VectoIQ Acquisition Corp. (NASDAQ: VTIQ)
  • Aurora Cannabis Inc. (NYSE: ACB)
  • Nano Dimension Ltd. (NASDAQ: NNDM)
  • TOMI Environmental Solutions, Inc. (OTC: TOMZ)

See what these traders are up to on Twitter: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

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Ep 148: Anthony “The Mooch” Scaramucci Talks Trading, Coronavirus, & How Patience Equals Profit https://www.steadytrade.com/ep-148-anthony-the-mooch-scaramucci/ https://www.steadytrade.com/ep-148-anthony-the-mooch-scaramucci/#respond Tue, 19 May 2020 17:55:21 +0000 https://www.steadytrade.com/?p=2785 Anthony Scaramucci is on SteadyTrade today! One of SteadyTrade’s biggest goals is to help you become an informed, intelligent trader. One way to increase your knowledge base? By learning from established traders and stock market movers and shakers.  Today, co-hosts Tim Bohen and Kim Ann Curtin are joined by a major name: Anthony Scaramucci, aka […]

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Anthony Scaramucci is on SteadyTrade today!

One of SteadyTrade’s biggest goals is to help you become an informed, intelligent trader. One way to increase your knowledge base? By learning from established traders and stock market movers and shakers. 

Today, co-hosts Tim Bohen and Kim Ann Curtin are joined by a major name: Anthony Scaramucci, aka “The Mooch.” He’s an entrepreneur, financier, and former White House communications director.

In today’s episode, you’ll learn some incredible lessons about trading and the global economy in the face of the coronavirus. And you’ll hear why Anthony thinks patience is one of the true secrets to trading success. 

Scaramucci’s Story 

Anthony Scaramucci is one smart dude. He’s accomplished a lot in the world, and he comes from humble beginnings.

Born to a blue-collar family, Anthony went to public school. His work ethic and grades got him into Tufts University and Harvard Law. But he still had a lot to learn about the world…

Anthony shares his cringe-worthy story of interviewing at Goldman Sachs in a “fully flammable” polyester getup … And how he was told that no matter how smart he was, he wouldn’t get ahead until he dressed better. Luckily, he got himself some new threads — and his career began. 

Learn how he progressed from investment banking to private wealth management. He started his own successful business as a registered investment advisor with a trading fund. And, of course, talks about how his hard work landed him a job in the White House. That unique but short-lived experience ultimately led him back to his roots. Hear his full story in the podcast!

Coming Into Your Own Success

Anthony shares reflections on his own rise to success, including founding SkyBridge. He digs into his own real-world education and rites of passage in the world of finance. 

As he puts it…

“If you’re starting with nothing, not only do you have to be humble, but you have to be intellectually curious. You have to look for role models and you have to figure out directionally which way you want to go. Ask a lot of questions and build your own personal board of directors.” 

Great food for thought … What would happen if you, as a trader, thought of yourself as a company? What if you had to answer to employees? Would it change your level of accountability and inspire you to do better?

What’s So Great About Wall Street?

Anthony Scaramucci’s had a lifelong love affair with Wall Street. Why? 

According to him, Wall Street is the business of understanding business. And trading is the business of understanding other traders.

It’s not about knowing everything there is to know about pharmaceuticals or a particular sector … Even more so, it’s about human nature. 

Anthony subscribes to Warren Buffet’s idea that “The stock market is a device for transferring money from the impatient to the patient.”

The people who get overly emotional in the moment are the ones who lose. Just ask co-host Stephen Johnson, whose biggest losses were the result of emotional decisions! 

According to Anthony, you have to be a big boy or big girl and mark yourself appropriately in the market. Can you condition yourself to be dispassionate in productive ways? 

Anthony Scaramucci: What About After the Pandemic?

Anthony talks about the biggest catalyst in the market right now: the coronavirus.

Learn about his thoughts about what could happen with trillions of dollars of stimulus and how it ties back to trading.  

Don’t miss an eye-opening conversation about the “$3.7 trillion hole in the economy” and why he says, “I’ve never seen anything like that in my life.” 

Qualities of Successful Traders 

Rounding out the episode, Anthony speaks to some of the qualities he thinks are key to trading success, including:

  • The ability to admit that you’re wrong.
  • Confidence … but also humility. 
  • The ability to detach from your emotions — and the ability to admit when you can’t. 
  • Staying present and avoiding distractions and mind games. 

Connect With Anthony Scaramucci

Want to learn more about Anthony Scaramucci and his work? Check out these links:

  • Find Scaramucci’s books on Amazon.
  • Learn more about Scaramucci’s firm SkyBridge and his world-famous yearly conference, SALT.

Find Scaramucci on social media:

Curious About Something?

Got questions or comments? Don’t be afraid to reach out! 

Remember: if we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Did you enjoy the show? Please leave a review on iTunes.

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TWIST: Pay Yourself Along The Way — May 14, 2020 https://www.steadytrade.com/twist-pay-yourself-along-the-way-5-14-20/ https://www.steadytrade.com/twist-pay-yourself-along-the-way-5-14-20/#comments Thu, 14 May 2020 19:16:25 +0000 https://www.steadytrade.com/?p=2781 Nothing is worse than seeing a huge potential trade win dwindle to nothing. In today’s episode of TWIST, your three favorite hosts sit down to discuss real, raw market advice.  The trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now.  Matt, Jack, and Kyle […]

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Nothing is worse than seeing a huge potential trade win dwindle to nothing. In today’s episode of TWIST, your three favorite hosts sit down to discuss real, raw market advice. 

The trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now. 

Matt, Jack, and Kyle also talk about the importance of paying yourself along the way. Find out why you need to lock in small portions of your trades. Everyone can get greedy … Check yourself and don’t let it cost you! 

The episode was recorded on May 13, 2020, and features the following stocks: 

    • Remark Holdings Inc. (NASDAQ: MARK)
    • NMC Health Plc (NASDAQ: NMHLY)
    • Waitr Holdings Inc. (NASDAQ: WTRH)
    • SPO Global Inc. (OTC: SPOM)
  • Plus one BONUS ticker you should have on your radar!

 

See what these traders are up to on Twitter: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

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Ep 147: An Education From a Speculator — Interview with Legendary Victor Niederhoffer https://www.steadytrade.com/ep-147-interview-with-legendary-victor-niederhoffer/ https://www.steadytrade.com/ep-147-interview-with-legendary-victor-niederhoffer/#respond Tue, 12 May 2020 17:30:26 +0000 https://www.steadytrade.com/?p=2777 In today’s episode, Kim Ann Curtin interviews trading legend Victor Niederhoffer. Though he’s modest in saying he’s “only” traded for 55 years, he’s actually enjoyed quite a storied career. An informed trader is a smart trader! At the SteadyTrade Podcast, we like to feature traders and financial figures from all sorts of backgrounds. It’s a […]

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In today’s episode, Kim Ann Curtin interviews trading legend Victor Niederhoffer. Though he’s modest in saying he’s “only” traded for 55 years, he’s actually enjoyed quite a storied career.

An informed trader is a smart trader! At the SteadyTrade Podcast, we like to feature traders and financial figures from all sorts of backgrounds. It’s a fantastic way to increase your knowledge and examine trading from a variety of different angles.  

Among Victor’s professional highlights? Hedge fund manager, bestselling author and statistician, and (naturally!) champion squash player. 

You won’t want to miss what this long-time trader has to say! 

An Education Through Books

Kim figures they can kick off the conversation by talking about Ayn Rand’s “The Fountainhead,” which she’s currently reading for the next installment of the SteadyTrade Book Club. (Follow the adventure and weigh in on social media with #SteadyTradeBooks). 

Victor disagrees with co-host Tim Bohen’s stance that every trader should read the book right away. He thinks “Atlas Shrugged” is a better choice. He explains how it offers a great lesson about American business enterprise and how this mirrors the stock market. 

But that’s not the only book he suggests reading. Victor’s got a long reading list for traders, starting with “Triumph of the Optimists” by Elroy Dimson, Paul Marsh and Mike Staunton. 

This book shows an optimistic view of the stock market. Learn how “by investing in the stock market you’re participating in the enterprise system” and taking advantage of the collective know-how of corporations.

According to Victor, this book is not just an inspiring read … It’s possibly “the most important book written about the stock market” and a “good antidote to all the baloney” out there!

Victor has a TON more books to suggest — check out his full reading list here.

(As an Amazon Associate, we earn from qualifying purchases.)

Was Jesse Livermore a Hero?

Jesse Livermore (featured in an earlier podcast) is considered the first day trader and the father of short selling. He was active in the late 1800s through the 1900s and pioneered a lot of trading techniques that are still popular today. But is he really a good role model? 

This is controversial: Victor doesn’t think so! 

In the interview, he explains how his own bestselling book has been likened to the bestselling book “Reminiscences of a Stock Operator,” by Edwin Lefèvre about Livermore. Learn why Victor despises this comparison, and why he thinks Livermore’s work is a “lesson in failure!”

He also cautions that traders should avoid walking directly by the site of Livermore’s suicide on 62nd street in New York — the very first SteadyTrade ghost story.

Advice for Day Traders 

Does Victor have advice for new traders? You bet your bottom dollar he does.

Learn why he has a different take than many traders, and why he cautions, “Don’t go for small profits!” 

Among his other can’t-miss tips? Avoid too much turnover during the day … He explains why he always prefers to take a position and hold until the end of the day or until the next open!

Victor also dishes on his take on what might happen in the next six months … Tune in for his predictions, including why the “theory of ever-changing cycles” is a key approach. Traders might consider embracing this strategy, especially in these times of uncertainty. 

What’s More Important Than Emotions?

According to Victor, certain things ARE more important than emotions in trading. 

For him, it’s all about the quantitative things. As a trader, it’s your duty to avoid getting into “a position where you’ll be forced out because you’re in over your head.” 

Victor talks about how traders need to use tested methods that they’ve created themselves. He even talks about some of his own patterns. He’s developed a system where he can have a different approach on different days of the week and work on a rotation. 

Got a Question?

Victor had a lot to say in this episode … Has it gotten you thinking? Let us know what’s on your mind!

Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Fan of the podcast? Please leave a review on iTunes.

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TWIST: Mastering Yourself — May 7, 2020 https://www.steadytrade.com/twist-mastering-yourself-5-7-20/ https://www.steadytrade.com/twist-mastering-yourself-5-7-20/#respond Thu, 07 May 2020 17:46:12 +0000 https://www.steadytrade.com/?p=2773 Don’t compare your chapter one to someone else’s chapter 20. In today’s episode of TWIST, Matthew Monaco sits down with up-and-coming traders Jack Kellogg and Kyle Williams. The trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now.  Matt, Jack, and Kyle also talk about […]

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Don’t compare your chapter one to someone else’s chapter 20. In today’s episode of TWIST, Matthew Monaco sits down with up-and-coming traders Jack Kellogg and Kyle Williams.

The trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now. 

Matt, Jack, and Kyle also talk about the importance of mastering yourself and staying in your own lane. Believe it or not, there’s more to trading than pushing buttons. Tune in to learn the tips and tricks they use to continuously perform at their best. 

The episode was recorded on May 6, 2020, and features the following stocks: 

  • AgEagle Aerial Systems, Inc. (NYSE: UAVS)
  • Byzen Digital Inc. (OTC: BYZN)

See what these traders are up to on Twitter: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

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Ep 146: Essential Day Trading Variables Part 3: Hot Sectors https://www.steadytrade.com/ep-146-essential-day-trading-variables-part-3-hot-sectors/ https://www.steadytrade.com/ep-146-essential-day-trading-variables-part-3-hot-sectors/#comments Tue, 05 May 2020 17:13:51 +0000 https://www.steadytrade.com/?p=2769 Some like it hot! And by ‘some’ we mean traders, and by ‘hot’ we mean sectors. Not sure what a hot sector is, exactly?  This is the episode for you. In our continuing series on essential day trading variables, Stephen Johnson schools newbie trader and co-host Kim Ann Curtin on vital things to know before […]

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Some like it hot! And by ‘some’ we mean traders, and by ‘hot’ we mean sectors. Not sure what a hot sector is, exactly? 

This is the episode for you. In our continuing series on essential day trading variables, Stephen Johnson schools newbie trader and co-host Kim Ann Curtin on vital things to know before making ANY trade.

This review of fundamentals is awesome new traders, but even established traders can get a refresher on the essentials.

Psst: Miss the first few Essential Day Trading Variables episodes? Catch up now! Episode 136 covers float and daily volume. Episode 139 is about trading time frames and support and resistance. 

What’s a Hot Sector?

Just as fashion trends like skinny jeans or cargo pants come and go, the stock market has its own areas of popularity. That could be a single stock or an entire sector. 

Kim came to the meeting with notes. As she sees it, “sectors” in the stock market can be narrowed down to the following:

  • Energy
  • Basic Materials 
  • Industrials 
  • Consumer Discretionary 
  • Consumer Staples 
  • Health Care
  • Financial 
  • Information Technology
  • Communications
  • Utilities
  • Real Estate 

But according to Stephen, that’s not quite how it works in low-priced stocks … Sectors are often less established. It’s more about what captures the public eye.  

They’ll also be more specific. For instance, at the time of this airing, the hottest stocks are all related to the coronavirus. But within recent memory, we’ve had plenty of hot sectors: green energy, biotechs, marijuana stocks … the list goes on. 

These are sectors that get VERY hot for a relatively short time and experience a ton of volatility. From a trader’s perspective, this creates opportunities to ride the trend as these stocks experience rapid growth. 

Oh, and in case you’re wondering: yes, there are still hot sectors during a market crash! Coronavirus stocks and related plays are perfect examples. Even while the market’s down, some stocks are going sky-high.  

What Makes a Sector Hot? 

It all starts with some people believing in a stock … Then they buy it. Other people see that, and they buy in, too. Other people might see the stock and realize it’s not a good company. But they see that OTHER people are buying … so they buy too. 

After a while, it becomes a domino effect. It’s a huge game of buying, even if the stock is rubbish. And it’s all because traders think it could run because it’s a sector with volume. 

According to Stephen, it’s a kind of mass-crowd hysteria: it makes people “so irrational it’s unbelievable.”

How Long Does a Sector Stay Hot?

If a sector’s hot, that implies that it was once at least warm or possibly cold. And it could get that way again. A hot sector won’t last forever, so how long WILL it last? 

Short answer? You can’t ever totally know. 

In the episode, Stephen schools Kim on what informs a sector’s hotness. That includes the news, world events, a compelling story … and how its heat plays out in the market.

The Age-Old Hot Sector Story

Hot sectors are often as predictable as rom-coms. First, there’s a sector leader. This is a pioneering company that generally leads the way. It might be in an exciting new industry, or it might be a company with totally sexy news.

This is the one that has the strongest chance of doing well. So you look for sympathy plays or other potential stocks that will follow this trajectory.

When the leader runs other stocks will run too. But if the leader fails they’ll all fail too. Stephen offers some key tips on how to handle this scenario and how to find the best trading opportunities!

Can You Predict a Hot Sector?

Kim wants to know if she should try to predict the next hot sector…

Sadly, for Stephen, that’s a hard no. He explains why trying to predict a hot sector is often a waste of time. But there is a much smarter approach…

Tune in for his helpful tips on how to recognize a hot sector and approach potential trades.

Love these episodes about variables? The topic of SEC filings is coming up soon … and co-host Tim Bohen will be in on the action! 

Curious About Something?

Got a question about these variables … Or something else about trading? Hit us up! 

Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Into this episode? Please leave a review on iTunes.

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TWIST: Preserving Mental Capital — April 30, 2020 https://www.steadytrade.com/preserving-mental-capital-4-30-20/ https://www.steadytrade.com/preserving-mental-capital-4-30-20/#respond Wed, 29 Apr 2020 19:15:25 +0000 https://www.steadytrade.com/?p=2756 Trading capital isn’t the only thing you need to preserve. In today’s episode of TWIST, Matthew Monaco sits down with up-and-coming traders Jack Kellogg and Kyle Williams. The trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now.  Matt, Jack, and Kyle also talk about […]

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Trading capital isn’t the only thing you need to preserve. In today’s episode of TWIST, Matthew Monaco sits down with up-and-coming traders Jack Kellogg and Kyle Williams.

The trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now. 

Matt, Jack, and Kyle also talk about how to preserve mental capital. Why does that matter? It’s all about nailing your trades when the time is right. Tune in to learn key tips and tricks to save your mental capital. Plus, learn what these traders consider to be a solid setup.

The episode was recorded on April 28, 2020, and features the following stocks: 

  • Inovio Pharmaceuticals, Inc. (NASDAQ: INO)
  • Decision Diagnostics Corp. (OTC: DECN)
  • Plus two bonus tickers for your watchlist. 

See what these traders are up to on Twitter:

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

 

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Ep 145: SteadyTrade Book Club — “The Inner Voice of Trading” With Author Michael Martin https://www.steadytrade.com/ep-145-book-club-the-inner-voice-of-trading-michael-martin/ https://www.steadytrade.com/ep-145-book-club-the-inner-voice-of-trading-michael-martin/#comments Tue, 28 Apr 2020 17:28:44 +0000 https://www.steadytrade.com/?p=2749 It’s time again for SteadyTrade Book Club, and this month’s pick is “The Inner Voice of Trading” by Michael Martin. Hey, everyone’s stuck at home right now, right? So why not learn something? This is an extra-special episode: Author Michael Martin joins co-hosts Kim Ann Curtin and Tim Bohen! You’ll get great insight into the […]

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It’s time again for SteadyTrade Book Club, and this month’s pick is “The Inner Voice of Trading” by Michael Martin.

Hey, everyone’s stuck at home right now, right? So why not learn something?

This is an extra-special episode: Author Michael Martin joins co-hosts Kim Ann Curtin and Tim Bohen! You’ll get great insight into the book … And you’ll hear the author’s take on trading, investing, writing, and life in general. 

But wait — there’s more! You can score a FREE audiobook copy of Michael’s book using a special link. See the bottom of this post for the deets. 

Read along with the crew and let us know what you think! Leave a comment below or tag us on Twitter, Instagram, or Facebook using the hashtag #steadytradebooks.

Why Kim Chose This Book

Kim’s been familiar with Michael Martin’s work for years. She connected with him on a deeper level when she featured him in her book “Transforming Wall Street: A Conscious Path for a New Future.”

In both Kim’s and his book, Michael explores the emotional side of trading. He digs into the spiritual/emotional intelligence necessary for trading well. 

That’s why Kim chose this book to share with SteadyTrade readers. She believes that knowing yourself and honing your emotional intelligence is important. As Michael puts it in his book, “Knowing yourself is more important than what you know.”  

About the Book

Wanna be a hotshot trader? Sorry, but it’s not just about memorizing trading strategies or patterns. Yes, those things matter … But knowing yourself matters just as much.

You’ve got to understand how to choose the strategies that work best with your personality and risk tolerance. You must understand your tendencies.  

In this book, you’ll learn why self-knowledge is so important for traders. You’ll also find out how to apply what you’ve learned to your trading career. Imagine the possibilities if you make emotions — what many consider a trader’s worst enemy — into your biggest ally! 

A Discussion With Author Michael Martin

In today’s episode, Kim and Tim get to discuss the book with the author.

If Michael wants you to learn one thing from his book, it’s that long-term trading success isn’t just about knowledge. 

In the book, he shares his own journey. That includes how he learned (the hard way) that as a trader, you need to “invoke persistence and determination.” You need to not take things personally.

They talk about how “it’s too easy to lose money in good times” and how mentality matters more than most new traders suspect.

Don’t miss a frank discussion of how forcing trades will only lead to your getting “chopped into oblivion” according to Tim. They also get into why it’s so important to experiment until you find what works for you as a trader. 

Remember … just because a strategy works well for one trader doesn’t mean it will work for you.

Michael Marting offers some perspective on that: “It’s OK to try things and fail because it teaches you a lot about yourself in the process, and that helps you draw boundaries around your own behavior.”  

Putting It to Work

At the time of this episode’s airing, the world is in full-on pandemic-management mode in the wake of the coronavirus. To say it’s been a unique market is a massive understatement.

The trio talks about how you can put the practices in the book to work. For some traders, like long-term trend-follower Michael, it’s no time to find an edge. Instead, he’s focusing on other interests like poker and jiu-jitsu. As he says, “Trying to impose my will onto the marketplace is a fool’s game.” 

Tips From Michael Martin

Ready for some powerful life lessons from the author? Here are some highlights… 

Let go of the account balance as a character trait. When you’re trading, you’ve got to emotionally divorce yourself from the money. You’ve got to figure out who you are as a trader rather than thinking you have to watch things 24/7. 

Be an independent thinker. It’s easy to get into a herd mentality when you follow the news. Don’t misunderstand … it’s good to watch the news and absorb as much knowledge as you can. But at the end of the day, you have to think for yourself. 

It’s a marathon, not a sprint. As Michael cautions, you don’t want to “puke out your first 2K” on a single trade. He thinks you need to learn a lot about yourself first: “Knowing yourself, to me, is the biggest asset that you can have as a trader.” 

Tune in to the episode to learn why Michael thinks “rejection is God’s protection” and why you shouldn’t feel FOMO when you miss a trade. 

Connect With Michael Martin! 

Want to follow Michael’s work? Here’s where to find him on social media:

Twitter: @martin_kronicle

Instagram: @martinkronicle

StockTwits: martinkronicle

Ready to Read?

Don’t miss the chance to score a FREE copy of Michael Martin’s audiobook! Visit this link to get your copy now: https://martinkronicle.com/kim

Wanna follow along with the crew? Here’s what we’ve read already: 

Find the full schedule and synopsis for each book in this episode.

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

Drop Us a Line

If you have questions or comments, don’t hesitate to get in touch! If we choose your question as an on-air topic, you could win a SteadyTrade mystery gift box. Send questions by dropping a comment below or on our YouTube channel.

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

Love the show? Let us know with a review on iTunes.

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Technicals Over Fundamentals — April 23, 2020 https://www.steadytrade.com/twist-4-23-20-technicals-over-fundamentals/ https://www.steadytrade.com/twist-4-23-20-technicals-over-fundamentals/#comments Thu, 23 Apr 2020 18:39:58 +0000 https://www.steadytrade.com/?p=2743 What matters more in your trading: technical or fundamental analysis? In today’s episode of TWIST, Matthew Monaco sits down with up-and-coming traders Jack Kellogg and Kyle Williams. The trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now.  Matt, Jack, and Kyle also talk about […]

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What matters more in your trading: technical or fundamental analysis? In today’s episode of TWIST, Matthew Monaco sits down with up-and-coming traders Jack Kellogg and Kyle Williams.

The trio analyze their trades, take a wide look at market conditions, and discuss what’s working in the market right now. 

Matt, Jack, and Kyle also talk about how and why technicals are more important than fundamentals. Tune in to learn what that means and why it matters in your trading. 

The episode was recorded on April 22, 2020, and features the following stocks: 

  • Moderna, Inc. (NASDAQ: MRNA)
  • Energous Corporation (NASDAQ: WATT)
  • Plus two bonus tickers for your watchlist. 

Check out these traders on Twitter: 

Jack Kellogg: @Jackaroo_Trades

Kyle Williams: @traderkylec

Matthew Monaco: @mono_trader

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Ep 144: The Macro of Coronavirus & Trader Cautions with Zack Michaelson https://www.steadytrade.com/ep-144-the-macro-of-coronavirus-trader-cautions-with-zack-michaelson/ https://www.steadytrade.com/ep-144-the-macro-of-coronavirus-trader-cautions-with-zack-michaelson/#respond Tue, 21 Apr 2020 16:38:21 +0000 https://www.steadytrade.com/?p=2736 The landscape of day trading has changed a lot since the emergence of the coronavirus pandemic.  While the recent market crashes have been terrifying, but it’s not all bad news for traders. There are always opportunities in the market — it’s a matter of adapting your trading strategy. Right now, there are a lot of […]

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The landscape of day trading has changed a lot since the emergence of the coronavirus pandemic. 

While the recent market crashes have been terrifying, but it’s not all bad news for traders. There are always opportunities in the market — it’s a matter of adapting your trading strategy. Right now, there are a lot of great trades around the coronavirus sector and sympathy plays.

But from a broader perspective, what are the ripple effects on the global economy? 

In today’s episode, co-hosts Tim Bohen and Kim Ann Curtin talk with NYU professor and global macro portfolio manager Zack Michaelson. They discuss the macro effects of the virus and how it could affect traders.  

Note: Where’s Stephen? Unfortunately, Stephen was exposed to someone who tested positive for coronavirus … He’s in self-quarantine! By all accounts, he’s doing well, but his at-home internet isn’t great, so he’s sitting this episode out. 

About Zack Michaelson

Zack’s been a professor at NYU since 2008. He teaches about applications of neuroscience and complex systems research to finance. He’s also been a global macro portfolio manager for hedge funds at the Fortress Investment Group, Graham Capital Management, and FORT LP. 

Zack’s a graduate of the Wharton School of Business, where he did doctoral work in physics, statistics, and systems engineering at Penn. He’s also a graduate of Harvard, where he studied neuroscience and behavior economics. 

So yeah, he’s a smart guy and worth listening to. 

The Current Situation

The episode begins with a conversation about how the novel coronavirus is affecting the economy in general. Then it segues into how it might affect traders. 

Zack explains his point of view about the virus. According to Zack, It’s a “big issue” for the global economy, and he looks at how the virus has evolved and traveled to the U.S. 

He considers the big picture — like the effects on other large economies and cultures and what could happen in our own country.

Don’t miss his educated thoughts on what we might be looking forward to in the near future…

What Should Day Traders Look For? 

Kim wants to know what day traders should think about right now…

According to Zack, it’s not just about finding hot stocks and trading opportunities. Before that’s even possible, traders need to consider their mindset and mental well-being.

As he notes, “From the behavioral finance standpoint, it’s hard to disentangle your own personal life and feelings and what you want to happen from the trades you put on.”

Everyone experiences this phenomenon. The world is in a state of uncertainty right now, and things are confusing. 

You likely have an opinion on the market, the stimulus package, or the country’s leadership… 

These things can — and probably do — affect your trading. Simply acknowledging it is the first step. You may not be able to dismiss fears or thoughts about the future. But once you’re aware of them, you can try to figure out how to work with these feelings. It’s all about trading psychology

Remember: the market doesn’t care what your feelings are. Or as Zack puts it, “Caution to the trader who trades based on feelings and emotions.”

A Macro Look at the Current World Situation

According to Zack, in the market, people are usually talking about earnings or valuation. He explains both in detail and offers a macro approach to both. 

You’ll learn about some potential outcomes for company earnings. Zack introduces a bullish and bearish viewpoint and talks about short- and long-term effects of the recent market crashes and the coronavirus pandemic. 

He also addresses what he believes is under-discussed — why earnings might not bounce back. 

The group digs into the idea that GDP growth might not return to its previous level, and how that’s connected to things like corporate earnings. 

Zack explains that while on many levels capitalism works, it can suffer during times of crisis. Learn what that means for traders … and so much more! 

Got Something to Say?

Did this episode inspire questions, comments, or any other response? Hit us up! 

If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love this episode? Please leave a review on iTunes.

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TWIST: Learning a Stock’s Personality — April 16, 2020 https://www.steadytrade.com/twist-learning-a-stocks-personality-4-16-20/ https://www.steadytrade.com/twist-learning-a-stocks-personality-4-16-20/#comments Thu, 16 Apr 2020 17:36:21 +0000 https://www.steadytrade.com/?p=2732 In today’s episode of TWIST (This Week In SteadyTrade), Matthew Monaco sits down with up-and-coming traders Jack Kellogg and Kyle Williams. The trio analyze their trades, take a wide look at market conditions, and discuss the wild coronavirus sector.  Matt, Jack, and Kyle also talk about understanding a stock’s personality. Tune in to learn what […]

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In today’s episode of TWIST (This Week In SteadyTrade), Matthew Monaco sits down with up-and-coming traders Jack Kellogg and Kyle Williams.

The trio analyze their trades, take a wide look at market conditions, and discuss the wild coronavirus sector. 

Matt, Jack, and Kyle also talk about understanding a stock’s personality. Tune in to learn what that means and why it matters in your trading. 

The episode was recorded on April 15, 2020, and features the following stocks: 

  • Independence Contract Drilling Inc. (ICD)
  • Scworx Corp. (WORX)
  • CytoDyn Inc. (CYDY)
  • Biocept Inc. (BIOC)

 

Follow these traders’ journies on Twitter:  

Jack Kellogg: https://twitter.com/Jackaroo_Trades

Kyle Williams: https://twitter.com/traderkylec

Matthew Monaco: https://twitter.com/mono_trader

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Ep 143: Winning Traders Share Their Tips and Tricks https://www.steadytrade.com/winning-traders-share-tips-and-tricks/ https://www.steadytrade.com/winning-traders-share-tips-and-tricks/#comments Tue, 14 Apr 2020 16:00:32 +0000 https://www.steadytrade.com/?p=2722 This week on SteadyTrade, winning traders share their tips and tricks. At the time of this recording, the market’s tanking like nobody’s business following coronavirus-related market crashes. Yet some traders are still reporting profits.  Do they know something that other traders don’t? Nope. It’s just a matter of following the opportunities the market presents and […]

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This week on SteadyTrade, winning traders share their tips and tricks.

At the time of this recording, the market’s tanking like nobody’s business following coronavirus-related market crashes. Yet some traders are still reporting profits. 

Do they know something that other traders don’t? Nope. It’s just a matter of following the opportunities the market presents and taking advantage of them when the time is right. 

If you’re curious about how smart, winning traders are taking advantage of the current market volatility, you’re in luck! SteadyTrade co-hosts Stephen Johnson and Kim Ann Curtin have assembled a gathering of ‘young wizards’ trading through the INSANE coronavirus market. Listen and learn! 

The Young Wizards 

We’ve got a star-studded cast of traders on the show today: Kyle Williams, Andrew Chipka, and Jack Kellogg. And they’re all so YOUNG.

If you’re part of the robust Tim Sykes Trading Challenge chat room or active on Profit.ly, you’re probably already familiar with some of these names. But you may not know their trading stories. 

Kyle became intrigued by short-term trading in 2016. He initially lost money, which made him get serious about studying. And after about a year, he figured out how to be consistent. Now, he reports he’s up six figures in profits. 

Jack (also featured on Ep. 96) started his trading journey in 2017. He didn’t trade much in the first year. He wanted to save up enough cash at his valet job to be over the PDT. He talks about his personal ups and downs and how the marijuana stock craze helped him find his setups. He also reports that he’s now up six figures in profits. 

Andrew started trading in 2017. He dabbled with going long and bitcoin. But it wasn’t until he discovered Sykes that he really started finding his stride. He hit the books, watched a ton of webinars, and honed his strategy. Tune in to find out Andrew’s doing in the markets lately!

What Makes a Trader Successful?

In the episode, each trader shares the characteristics they think contribute to trading success. For example…

Humility. These traders all agree: If you’re not humble, the market will eventually humble you. Learn why it’s so important to avoid getting cocky, especially if you feel like you’re on a winning streak.

Adaptability. Each trader talks about why adapting is key in the stock market. The only real constant is change. Even if the same setup worked in the past, that doesn’t mean it will continue to work.

Focus. It can be tempting to try dozens and dozens of strategies. But at a certain point, you need to buckle down and focus on just a few. Learn why this is so vital to refining your trading technique.

Pivotal Moments 

Trading is a journey. And as it unfolds, there are certain ‘aha’ moments. What were those moments like for these traders?

Learn why Kyle decided it was a much better idea to focus on making money with one setup rather than trying everything … He breaks down his specific panic buy OTC strategy and how he branched out from there.

Jack talks about how losses prompted him to change gears and hit the books again. It worked. Once he got back to trading, he “didn’t throw money around like an idiot.” Learn why a trade needs to prove that it deserves his money! 

Andrew talks about how he realized that a stock market education is ongoing. It’s important to study and watch the markets every day, even if you’re not trading yet. He explains how he spent nine months paper trading before he started trading real money. Although paper trading “isn’t the same,” it helped him get familiar with the market. 

Is “Lose to Learn” a Smart Strategy?

Speaking of paper trading … is it really a good idea? And if so, how long should you do it? 

The traders agree: Paper trading is better than not trading at all. But it’s a slippery slope. It can fool you into thinking that you’re a hotshot trader.

They talk about the pros and cons of starting very small and learning by losing. Here’s a compelling question: Is it worth losing a little bit if you’re learning how to get a handle on your emotions? 

Check out the episode for more on this topic.

Discipline vs. Knowledge: Is There a Winner? 

The crew doesn’t necessarily agree on which is more important. But they agree that both discipline and knowledge are vital. 

As Andrew shares, it’s all too easy to rationalize yourself into a position. So you really gotta focus on learning enough to establish personal rules — then stick to them. 

Don’t miss the round table discussion on what this means for Kim’s future as a trader … Will she have an accelerated learning process since she knows so much about trading psychology?

Curious About Something? 

Got questions about the episode? Hit us up! 

Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Fan of the podcast? Please leave a review on iTunes.

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Ep 142: Volume Analysis With Del the Trader https://www.steadytrade.com/ep-142-volume-analysis-with-del-the-trader/ https://www.steadytrade.com/ep-142-volume-analysis-with-del-the-trader/#comments Tue, 07 Apr 2020 16:23:01 +0000 https://www.steadytrade.com/?p=2716 It’s time for another SteadyTrade interview — this time with Del the Trader! When it comes to trading, there are plenty of different approaches to take like high-priced stocks or low-priced stocks. Then there’s forex, crypto, options, penny stocks, futures…  It can be hard to choose a direction or niche.  At the SteadyTrade podcast, we […]

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It’s time for another SteadyTrade interview — this time with Del the Trader!

When it comes to trading, there are plenty of different approaches to take like high-priced stocks or low-priced stocks. Then there’s forex, crypto, options, penny stocks, futures… 

It can be hard to choose a direction or niche. 

At the SteadyTrade podcast, we want to help you find out what works for you. It’s all to help you become a consistent, well-rounded, and well-educated trader. To that end, we like to feature all sorts of different traders on our podcast, so you can learn from their experience.

Today, the whole crew — Tim Bohen, Stephen Johnson, and Kim Ann Curtin — is talking with Del. He’s a trader and popular YouTuber with a unique approach to the stock market. Listen in to learn from his successes and his mistakes.

Note: Love these interview episodes? You might enjoy these too: Ep. 135 with James Altucher, Ep. 126 with Jack Schwager, and Ep. 119 with Tom Canfield.

Who Is Del the Trader?

You may know Del the Trader from Twitter (@delthetrader), his podcast Bear vs. Pig, his trading course, or from his popular YouTube channel. But who is he really? 

In the podcast, Del shares his trading story, starting with how the lure of quick money initially drew him to forex trading. He quickly learned — from losing money — that the stock market was a beast. He knew he needed to take a ‘fight or flight’ approach. 

Del chose to fight! 

He began studying in earnest and learned a lot of different trading techniques. One of the biggest takeaways? He really didn’t want a lifestyle that chained him to a computer.

Del explains how he progressed from forex to futures and how finally, things started to click. One of his biggest takeaways from the futures market? He learned a lot more about order flow analysis and “what was going on behind the candlesticks.” 

He learned to apply his knowledge to stocks, where there’s more volatility and excitement … That’s when things got interesting. 

How Del Trades Now 

Del explains how he trades now. He mainly deals in large-caps and options but actually uses a strategy that’s more small-cap/futures. 

The team talks about this approach. Check out this conversation! Del’s strategy is completely different from traditional approaches.

As Del explains, he studies “the battle between buyers and sellers using volume analysis and market profile.” 

He realized that there weren’t many tools to find the information he was looking for. So he came up with his own proprietary method for finding “conflict” between buyers and sellers. Del meticulously used spreadsheets to run his own regressions to find a potential chart pattern to trade. 

Learn why he thinks his strategy could be scaled to a variety of trading techniques and markets. 

The News, Indicators, and Moving Stocks

In the episode, our hosts and Del discuss what to look for in potential stocks to trade. Del has some non-traditional perspectives… 

For example, he believes that while news does matter, it’s really mostly about the technicals. To him, news simply “makes the technical patterns play out faster.”

The crew talks about the relationship between world events and stock movement … Using recent examples of stocks in play to make it easier to understand.  

The Secrets to Del’s Success 

Kim’s still learning trading basics, so she’s super curious … How long did it take for Del to become profitable, and what does he think helped him attain success? 

Del breaks it all down: how long it took him to become profitable, which trading methods were profitable, and some of the big realizations that led to his success. 

Here’s a quick hint: Find a narrowed-down strategy. Jack of all trades, master of none, is NOT the way to go in the market … But this is a lesson that too many traders don’t discover until they’ve already blown up an account.

Closing Thoughts 

Del closes out the interview with some wisdom that’s appropriate for traders of all types and at every level.

Here’s a gem that’s key: Don’t try to overdo it. 

As he puts it, “we’re a cup that’s constantly trying to be filled, and if we overflow it doesn’t mean we’re learning more.” He shares his thoughts on the very real danger of overtrading … and why full-time trading is NOT always a good idea. 

Whatcha Thinkin’? 

Got a question or comment?

If you have questions or comments, please send a line. Remember: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Drop a comment below or hit us up on YouTube.

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

Love this episode? Please review us on iTunes!

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Ep 141: SteadyTrade Book Club — “Technical Analysis Using Multiple Timeframes” with Author Brian Shannon https://www.steadytrade.com/technical-analysis-using-multiple-timeframes/ https://www.steadytrade.com/technical-analysis-using-multiple-timeframes/#respond Tue, 31 Mar 2020 17:00:31 +0000 https://www.steadytrade.com/?p=2706 In today’s episode, our hosts are cracking into “Technical Analysis Using Multiple Timeframes” by Brian Shannon. That’s right — it’s time for another installment of the SteadyTrade Book Club!  This month, the whole crew — Tim Bohen, Stephen Johnson, and Kim Ann Curtin — are discussing one of Tim’s picks. And if the title “Technical […]

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In today’s episode, our hosts are cracking into “Technical Analysis Using Multiple Timeframes” by Brian Shannon.

That’s right — it’s time for another installment of the SteadyTrade Book Club! 

This month, the whole crew — Tim Bohen, Stephen Johnson, and Kim Ann Curtin — are discussing one of Tim’s picks. And if the title “Technical Analysis Using Multiple Timeframes” doesn’t get you hot and bothered for all things trading, nothing will. 

But seriously, this episode’s extra special … The author joins the team as part of the discussion!

Don’t miss the previous book club episodes here, here, and here. Find the full schedule and synopsis for each book in this episode.

Read along with the crew –– and let us know what you think! Leave a comment below or tag us on Twitter, Instagram, or Facebook using the hashtag #steadytradebooks.

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

About the Book

So many books delve into the psychology and thought process behind trading. That’s definitely important … But the technical stuff matters, too. 

This book is a technical manual that really gets into the nitty-gritty of technical analysis and how to apply it to different time frames. This can help traders learn a lot about a stock’s past … and potentially better understand how the stock might perform in the future.

A Discussion With Author Brian Shannon

This time, it’s not just the SteadyTrade crew talking about the book. Brian Shannon, the author of the book, is on the show to join in the discussion! 

In the episode, Brian shares his personal trading story. Learn how he got into the stock market. Quick tease: He started as a broker but found it to be little more than a “glorified telemarketing position.” Then he got into trading.

He talks about his trading journey … from day trading to the hedge-fund world to his current role of swing trader today. 

Learn why Brian wrote the book and why one of his primary objectives was to make it accessible even to newbies. 

The SteadyTrade Review 

According to Tim, this is “the best book I’ve ever seen when it comes to the technicals.” 

Dang! Sparkling review. But what does the rest of the crew have to say? 

Kim is similarly smitten and “madly in love” with this book. She was initially intimidated by the title and subject matter … But once she started reading, she was blown away by how easy it was to follow and understand. It helped her make sense of a lot of the keywords she’s heard Tim and Stephen dropping.  

Stephen notes how even though the book was written over a decade ago, it’s still incredibly relevant to the trading world today. As he puts it, “human behavior never changes, therefore the patterns never change.”

Listen in to hear the full discussion about what our hosts love best about the book. 

Putting it To Work

Along with Brian, the crew puts the concepts from the book to work. They go through a few specific examples of how to use the book’s teaching on tickers. Learn how to apply these concepts to different sectors — like biotech and electric cars. 

You won’t want to miss this discussion. Brian has specific tips for making the most of the book — whether you’re a brand-new trader or a seasoned pro. 

Brian’s Book Suggestions

Want yet more great trading books? Check out some of Brian’s favorites:

Ready, Set, Read! 

Wanna follow along with the crew? Here’s what we’ve read already: 

If you have questions or comments, please reach out! Remember: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Send questions by dropping a comment below or on our YouTube channel.

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

Love the show? We’d appreciate your review of us on iTunes.

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Ep 140: Trading in the Time of Coronavirus https://www.steadytrade.com/ep-140-trading-during-coronavirus/ https://www.steadytrade.com/ep-140-trading-during-coronavirus/#respond Tue, 24 Mar 2020 19:12:06 +0000 https://www.steadytrade.com/?p=2700 Right now, we’re experiencing an unprecedented stock market catalyst and global event with the coronavirus. Generally, there are a few mega-stock sectors that present themselves every year. But…  … we’ve never experienced anything like this. So should you pack your bags and walk away from the stock market?  No! It means you need to adjust […]

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Right now, we’re experiencing an unprecedented stock market catalyst and global event with the coronavirus.

Generally, there are a few mega-stock sectors that present themselves every year. But… 

we’ve never experienced anything like this. So should you pack your bags and walk away from the stock market? 

No! It means you need to adjust your strategy and take proactive steps to stay safe. 

There are some crazy opportunities right now in the market. In this episode, you get the entire team — Tim Bohen, Stephen Johnson, and Kim Ann Curtin. They’re talking about the “recipe” for coronavirus plays and how to make the most of the hotter-than-hot sector that nobody saw coming.

History Rhymes

As Tim’s fond of saying, history doesn’t repeat exactly, but it rhymes. The coronavirus phenomenon has been a totally crazy ride. And it’s following the pattern of previous health scares and outbreaks like Ebola and SARS. 

Stocks went wild then, too — actually, some of the same tickers we’re seeing move now. The coronavirus may be bigger and badder, but the patterns are playing out in similar ways. 

End of Days? 

No doubt, the market’s crashing. But as Stephen points out, knowledgeable stock traders can actually profit even as prices decline overall. 

Tune in to hear him explain why day traders are the “big winners” right now. And he talks about why casual investors and people who don’t understand the market are most likely to lose right now.

Oil War vs. Coronavirus

Kim’s curious about the effects of the oil war versus the coronavirus. What’s really moving the market?

The team discusses how these two events are connected, as well as the effects on the market. Learn about the connection between coronavirus, oil prices, and the supply chain … The effects on the global economy could last long after the virus is gone. 

They also talk about how some sort of a shift in the market has been inevitable for quite some time. Remember … the recent bull market lasted over a decade. 

Reacting vs. Predicting

In market conditions like these, it’s important for traders to know the difference between reacting and predicting.

Is it better to react to what the market throws your way? Or should you try to anticipate what might happen next? 

The team talks about the advantages and disadvantages of both, and why uncertain times call for increased safety measures for traders.

Tim talks through how to use a screener like StocksToTrade to find opportunities. What do you do once you identify a potential play? Listen in for Tim’s tips.

Stephen shares his specific criteria for finding potential virus stocks, including checking indicators like volume and float. But it’s not just about the technicals. He cautions that for low-priced stock traders, solid trades are a matter of “who can manage their emotions best.” 

Changing Strategies

To find consistency as a trader, you’ve got to be able to adapt. Think about it … Consistency is a matter of being meticulous, not counting on the market to always stay the same. 

For example, Stephen’s bread-and-butter play is shorting biotechs that are not hot. So right now … well, he’s not trading that much! 

The crew talks about the dangers of shorting in a hot sector, even if the general market is declining. 

Stephen’s strategy has turned upside down because every company working on a coronavirus cure is a biotech. How is he approaching plays right now? And how the rules are changing due to the coronavirus? Tune in to find out.  

How Will It All Play Out? 

We can’t know how long the coronavirus will last. What we do know is that certain patterns tend to play out the same way over and over.

In the episode, Tim and Stephen share with newbie trader Kim how hot sectors like this run in phases. Learn more about the wild volatility as well as the dilutions, offerings, and cooling down that can follow. 

It’s impossible to know the top or bottom on these plays, but there are certain tried and true approaches to trades that you can learn! 

Tips for New Traders

As a new trader, Kim’s curious about something… 

Is this really a good time to work on developing and honing a strategy? 

Tim and Stephen offer tips on how she can apply her new trading knowledge to the crazy market. New traders won’t want to miss these tips.

Hey, Got Something to Say?

What do you have to say about the coronavirus and its impact on the market? 

If you have questions or comments, please send a line. Remember: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Drop a comment below or hit us up on YouTube.

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

Love this episode? Please review us on iTunes!

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Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support & Resistance https://www.steadytrade.com/ep-139-time-frames/ https://www.steadytrade.com/ep-139-time-frames/#respond Tue, 17 Mar 2020 16:00:35 +0000 https://www.steadytrade.com/?p=2691 How critical do you think it is to look at support and resistance or time frames when you’re trading? As Tim Bohen loves to say, you gotta “make the case for the trade.” That’s exactly why you have to consider a number of key variables before every trade. SteadyTrade co-host and newbie trader Kim Ann […]

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How critical do you think it is to look at support and resistance or time frames when you’re trading?

As Tim Bohen loves to say, you gotta “make the case for the trade.” That’s exactly why you have to consider a number of key variables before every trade.

SteadyTrade co-host and newbie trader Kim Ann Curtin is learning these variables. It’s a vital part of her trading education. And Stephen Johnson is helping her learn the ropes. In Episode 136, they covered float and daily volume… 

Today, the lessons continue as they discuss time frames and support and resistance. 

This review of fundamentals is ideal for new traders, and established traders can get a refresh on trading essentials. 

How’s Kim Doing? 

You’ve already observed Kim’s ongoing trading education in Episode 132 and Episode 130 … but how’s her trading progressing?

In this episode, she explains the work she’s doing — reading books, watching videos, and immersing herself in the world of Tim Sykes.

Kim and Stephen discuss the sometimes polarizing force that is Tim Sykes. He seems to have the ability to inspire passion … both positive and negative. 

Kim talks about how she’s loving Sykes’ authenticity and real talk. She appreciates how he DOESN’T do something that so many other trading gurus do — make unrealistic promises or tell traders they’ll get rich quick. 

They talk about the Sykes model of “trading like a coward.” Tune in to learn why that can be a smart way to trade long term.

Time Frames 

When traders talk about time frames, they’re talking about different time intervals on a stock’s chart. For instance, you could look at an intraday chart or a two-day chart on a 15-minute time frame or 30-second time frame … The options are endless. 

Stephen explains how each time frame can give you different information. It can be a way to learn whether a stock is bullish or bearish. 

In the episode, Stephen explains to Kim why time frames matter … and which time frames most traders use. Which is better … longer or shorter? 

They talk about how different traders might gravitate toward different time frames. For instance, a day trader might look at a different frame than a swing trader.

Stephen even shares his own proprietary preferences for time frames. Learn why he loves his choice, and how he’s settled on a setup where he has “no compromise” on his plan. 

 It might sound complicated. But according to Stephen, in time you can “learn how to read the Matrix and then become Neo.” 

Support and Resistance 

According to Kim’s findings, support is where a stock’s price tends to stop falling. Resistance is where it tends to stop rising. 

But why does that matter?

Stephen talks about how it’s largely a game of probability. For example, if a stock fails to break resistance three times, it’ll probably fail again on the fourth time. 

Then again, sometimes there’s an exception. Then it’s like a scene out of “Game of Thrones” … The castle gates give way and the army crashes through. 

Stephen talks about how stocks can eventually break through support or resistance, but you can’t quite know when or how. Nonetheless, you can still use these points to help determine your own entry and exit points for a trade. 

Bringing It All Together 

Kim and Stephen talk about bringing all of these variables together. Ultimately, you’re looking at what’s happened before. You’re then trying to apply this information to the stock’s potential future performance. 

Here’s the good news … as confusing as it is at first, it gets better with practice and experience. Once it becomes more second nature, you start to know what’s likely. At least … that’s what Stephen says.

Got Questions?

Wanna ask about these variables or ask our hosts to discuss a specific topic? Drop us a line! 

Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love this episode? Please leave a review on iTunes.

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Interview With Alex Bustos of B The Story https://www.steadytrade.com/interview-with-alex-bustos/ https://www.steadytrade.com/interview-with-alex-bustos/#comments Tue, 10 Mar 2020 16:00:01 +0000 https://www.steadytrade.com/?p=2684 Today on SteadyTrade, dig into an eye-opening and inspiring conversation with Alex Bustos, trader, and host of the B The Story podcast.  Alex’s goal is to share his journey with other traders. He hopes that in doing so, others can learn from his successes and failures.  In the episode, the entire crew — Tim Bohen, […]

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Today on SteadyTrade, dig into an eye-opening and inspiring conversation with Alex Bustos, trader, and host of the B The Story podcast. 

Alex’s goal is to share his journey with other traders. He hopes that in doing so, others can learn from his successes and failures. 

In the episode, the entire crew — Tim Bohen, Stephen Johnson, and Kim Ann Curtin — share some real talk about trading with Alex. You’ll pick up tips, trading psychology observations, and so much more! 

Note: Love these interview episodes? You might enjoy these too: Ep. 135 with James Altucher and Ep. 126 with Jack Schwager

Who Is Alex Bustos? 

According to Stephen, “We generally look for handsome, well-groomed men to be on the podcast … and you fit the bill!”  

But don’t worry: this interview goes way beyond looks. 

Alex worked hard and found success in his life. Once he became a VP and had some extra money, he wanted to create more wealth. 

He tried flipping a house, but it took too long. That’s when he turned to trading … He thought it would be a way to make fast money. 

Alex discovered Tim Sykes and started following him — but his mindset was all wrong. He can be honest about it now: he just wanted to get rich quick… 

He was gambling, not trading. He had extra money to burn, and burn it he did. Once, he lost over $6K in a single trade. 

Alex talks frankly about what he had to go through to really get serious about trading. Tune in to learn about the humbling changes he had to make to work toward consistency. 

Advice for New Traders

Tim and Stephen put Kim on the spot in the interview as the “greener than green” trader of the group. What kind of advice does Alex have for the newest newbies out there? 

The group discusses the best way for new traders to get started. There are even a few thoughts about whether it’s good or bad for new traders to learn “the hard way” — losing real money. 

They all talk about the benefits of paper trading. But can this be a more powerful tool once you know how it feels to lose real money? 

Trading Psychology

Alex is completely honest about how trading psychology has tripped him up in the past.

He addresses some relatable sentiments. There’s the time his trading fees and losses made him think he’d been robbed … And then there’s how FOMO pushed him into mistakes like foolishly risking too much.

What’s key for him is his transition. That happened when he realized that consistency is more important than one-off profits. Or as he puts it: “I used to care about money, which is why I sucked.” 

Once he realized that staying consistent was so important, he had a huge — and powerful — mindset shift. That helped him see things much differently. 

Compare = Despair? 

Alex talks about comparison and how it’s often a bad thing … But there are some exceptions.

There can be some benefit to constructive self-comparison. For instance, figure out how you can improve who you were yesterday … then positively compare yourself to who you want to be tomorrow. 

Should You Trade Full Time?

Alex and the crew get into the benefits of NOT trading full time. They talk about the security of having a “real” job … including how it can help you avoid overtrading. 

According to Alex, having limited time to trade helped him get serious about being the strongest trader he can possibly be. He talks about how he found his own strategy within the micro-caps. Listen to the episode to find out what he looks for in charts.

Got a Question?

Can you relate to Alex’s story? Have a question or comment?

If you have questions or comments, please send a line. Remember: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Drop a comment below or hit us up on YouTube.

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

Love this episode? Please review us on iTunes!

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How Anyone Can Be a Trader — Trend-Following With Michael Covel https://www.steadytrade.com/michael-covel/ https://www.steadytrade.com/michael-covel/#comments Tue, 03 Mar 2020 19:14:55 +0000 https://www.steadytrade.com/?p=2678 As frequent listeners know, SteadyTrade co-host Tim Bohen is quite the bookworm. He’s explored just about all of the trading books out there, and he knows the good stuff. Today’s guest Michael Covel writes some of the best books about trading out there.  Most notably, he’s the author of “The Complete TurtleTrader: How 23 Novice […]

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As frequent listeners know, SteadyTrade co-host Tim Bohen is quite the bookworm. He’s explored just about all of the trading books out there, and he knows the good stuff.

Today’s guest Michael Covel writes some of the best books about trading out there. 

Most notably, he’s the author of “The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires” and “Trend Following, 5th Edition: How to Make a Fortune in Bull, Bear, and Black Swan Markets.”

Sound familiar? His work has popped up on the show before. Check out Episode 39 and Episode 40 to hear Tim and Stephen’s commentary on the TurtleTrader book and story. 

In today’s episode, Tim and Michael discuss the books, trading tips, and how to work on improving all the time. You’re bound to be inspired by this discussion — don’t miss it! 

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

Michael’s Origin Story 

In the mid-90s, Michael had just gotten his MBA from Florida State University. He wanted to go to Wall Street, but where to start? 

He checked his personal connections and landed a meeting with a former CEO of Solomon Brothers. It was one of the biggest firms at the time. Nope, he didn’t get a job … but the connection made him more certain that finance was his future. 

He got obsessed and started reading everything he could about the financial world. That’s when he came across an article about 100 influential finance figures. 

He read about a trader who made millions doing something called “trend trading.” This trading style didn’t rely so heavily on fundamentals … that pulled him in. 

Michael hated fundamentals. He figured, “If this is a thing, it’s possible for others to do it, too.” 

Learn how this chance finding led to Michael connecting to Richard Dennis and the premise for his unique TurtleTraders book. 

The TurtleTraders Premise 

Here’s a quick recap on the TurtleTraders story … It’s about how trader Richard Dennis, a Wall Street millionaire, made a bet that he could turn novice traders into success stories by teaching them his methods. 

In the episode, you’ll learn the entire backstory behind the popular book. Fact: It actually had something to do with the movie “Trading Places” … Don’t miss this fascinating story. 

Is It Possible to Find Success With the TurtleTraders Model?

If novice traders got rich using the TurtleTraders model of trend-following … can anyone do it?

Tim and Michael discuss some of the best ways to take advantage of the advice in this book in your own trading career. 

They talk about sharp ways to approach trading if you want to avoid the scary 90% failure stats … And no SteadyTrade podcast would be complete without talking a least a little bit about your mindset. Learn why your attitude can be a huge contributor to success or lack thereof. 

Could it really be as simple as learning the rules and following them? Tune in now!

Advice for New Traders

This episode is full of sage advice for new traders.

No, this isn’t for newbies who want to buy a Lambo next week. It’s for traders in it for the long haul. It’s for those who want to improve over time. Sound like you? If so, this episode has a ton of great info.

You’ll learn why Michael says, “buy and hold isn’t a strategy for trading.” And you’ll hear a sound argument for why you must know your exit before you get into a trade.

Michael and Tim also talk about stock research. Want pro tips on how you can make it more efficient and effective? Check out the full episode now. 

They also dig into how your trades should be within what Michael calls a “narrow universe.” It’s a way to help you maintain as much control as you can. 

And definitely don’t miss Michael’s favorite resources for new traders — including his own podcast, Michael Covel’s Trend Following Radio.

Got a Question?

Did you love hearing what Michael Covel had to say? What are your thoughts?

If you have questions or comments, please send a line. Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Drop a comment below or hit us up on YouTube.

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

Love this episode? Please review us on iTunes!

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Essential Day Trading Variables Part 1: Float & Volume https://www.steadytrade.com/float-volume/ https://www.steadytrade.com/float-volume/#comments Tue, 25 Feb 2020 17:00:42 +0000 https://www.steadytrade.com/?p=2657 The key to making smart trades? Considering all the variables. Wait, what variables are we talking about, exactly? Hint: it has to do with float and volume… In this episode, Stephen Johnson schools Kim Ann Curtin on things every trader should consider before executing an order.  This is part of Kim’s ongoing trading education … […]

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The key to making smart trades? Considering all the variables.

Wait, what variables are we talking about, exactly? Hint: it has to do with float and volume… In this episode, Stephen Johnson schools Kim Ann Curtin on things every trader should consider before executing an order. 

This is part of Kim’s ongoing trading education … To see her progress so far, check out Episode 132 and Episode 130.

Variables for Traders to Consider

So what are variables in the context of these lessons? Stephen defines them as pieces of evidence that can help you decide whether a trade is a solid idea. 

You can consider a number of different variables to be trade pros or cons. By considering them, you can make more knowledgeable decisions — like whether to go short or long on a trade.  

The idea of looking at different variables is nothing new. Plenty of trading mentors use this concept in their teaching…

Tim Bohen calls it building the case. Tim Sykes calls it the Sykes Sliding Scale.

Kim wants to know if is this kinda like an attorney building a case. Stephen calls that a “sick metaphor” … we’re pretty sure that means she’s spot on. 

Why Do Variables Matter?

There’s so much that you don’t know as a trader. But some things you can figure out through research and using a mix of technical and fundamental analysis. 

And when you review what you know about a stock or its past performance, you can make more intelligent trading decisions. 

Sometimes, the best trade decision is to walk away. Just avoid it entirely. But you really only figure that out by considering several variables — like the ones Stephen and Kim discuss in this episode.  

What Are the Variables?

There are plenty of variables, but today Stephen and Kim discussing two key examples: float and volume.

Float

Float is the number of shares publicly available to trade. Don’t confuse that with market shares, which include privately owned shares not available to traders or investors.

In essence, the float is the number of available shares that could change hands reasonably throughout the course of a trading day.

According to Stephen, float is relative … But he’ll also say a low-float stock is a stock with less than 10 million shares. He explains to Kim why these stocks can potentially be great for building your account. But you gotta be careful — they come with plenty of risk. 

He digs into the difference between low-float and high-float stocks, and why traders might be interested in each. 

Key question: can a stock’s float change? Yes, but not often — it takes a reverse split or an offering. Stephen explains the basics of how this can affect a stock. 

Volume

Volume is the number of shares traded for a given stock throughout the course of a day. 

But Kim has some questions … How is volume calculated? Does it change throughout the course of the day? 

Stephen talks about how the volume is live and ongoing. It’s like a human, it has a heartbeat. But it dies at the end of extended-hours trading and comes back to life premarket.  

Putting It Together

Today’s episode can help you better understand how to look float and volume for a potential trade.

Stephen guides Kim through how float can create pressure. He also explains how float works with volume. Tune to learn why low float can make a trade more of a “crazy gamble” — and how some savvy traders learn to use this as an advantage.

Looking at variables like this has changed the way Stephen trades … He’s much more methodical these days since he has a solid foundation of trading knowledge. 

But Kim’s questions are helping him stay in a beginner’s mindset … That’s a good thing. It’s important that traders stay nimble and don’t get too set in their ways. 

Stay tuned for future episodes. Stephen will break down more trading concepts for Kim as she continues on her penny stock trading journey. 

Got Thoughts to Share?

Did this episode inspire you?

If you have trading questions or comments, please send a line. Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

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

Love this episode? Please leave a review on iTunes.

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Ep 135: How to Choose Yourself With James Altucher https://www.steadytrade.com/james-altucher/ https://www.steadytrade.com/james-altucher/#comments Tue, 18 Feb 2020 17:00:13 +0000 https://www.steadytrade.com/?p=2651 Gang, this is a very big deal… Today, SteadyTrade is proud to host a guest we’ve been looking forward to having forever (or at least officially since Episode 130)…  James Altucher!  In case you don’t know, James is an inspiring entrepreneur, investor, and wildly popular podcaster. He’s the author of the bestselling book “Choose Yourself! […]

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Gang, this is a very big deal…

Today, SteadyTrade is proud to host a guest we’ve been looking forward to having forever (or at least officially since Episode 130)… 

James Altucher! 

In case you don’t know, James is an inspiring entrepreneur, investor, and wildly popular podcaster. He’s the author of the bestselling book “Choose Yourself! Be Happy, Make Millions, Live the Dream.” He’s also a stand-up comedian, chess master, and has great hair. 

He’s also brutally honest, and he’s had plenty of failure along with his successes. According to his website, he says, “I’ve started 20 companies, 17 of which have failed. But I’ve learned a lot along the way.” 

With a mega-inspiring outlook and no-BS demeanor, James is truly a force to be reckoned with. Don’t miss this episode — he’s bound to become your new spirit animal.

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

Why Kim and Tim Love James Altucher

Spoiler: you’re gonna have to listen through a massive love-fest at the beginning of the episode. 

James reveals that his work is sometimes controversial — he’s even received death threats. But our hosts Tim Bohen and Kim Ann Curtin beam nothing but love to James.

You may not know this, but James and penny stock celeb (and Tim Bohen’s mentor) Tim Sykes go way back. Through this connection, SteadyTrade host Tim met James several years ago at a trading conference. 

Learn how, without even knowing it, James gave Tim some life-changing advice that led him to where he is now! 

Kim also shares her James Altucher origin story … Tune in to learn why his work has been so important to both hosts and how he’s inspired their trading and life journeys. 

“Life Gets Good When You Use Your Inner Compass” 

You already know that success doesn’t happen overnight, right? 

But there’s more to it than just hard work and diligence. It’s also important to be on a path that’s aligned with what you really want out of life. 

If you’re constantly fighting what you want out of life, you’ll never get ahead. The hosts and James discuss the importance of using your inner compass … And how to work to make amazing things happen!

What do you want out of life? Whether it’s day trading success, becoming a stand-up comedian, or something else entirely, this conversation is bound to inspire you. 

Finding Success in Trading

James doesn’t day trade anymore, but he did for a long time. And he has plenty to say about it. 

For instance? Whether you’re short-term day trading or long-term investing, you gotta build knowledge. You have to understand how companies and the market work before anything else.

How can you possibly have an opinion before you actually understand how the system works? How could you decide whether investing, options trading, or day trading on trends is better? 

Learn why it’s so important to know what you’re doing. You should read every book, listen to every podcast, and listen to the counterpoints. Don’t just pick sources that agree with you. Learn all sides of the argument.

As for finding your edge? Don’t miss James’ sage advice on finding yours. Check the episode for how you can adopt the habits of the most successful traders. 

The Psychology of Trading 

Let’s talk money! James talks about an optimal approach to trading… 

“Day trade as little as possible to get the returns that are satisfactory to you.” 

Along with Tim and Kim, he talks about figuring out how much to spend that still lets you sleep at night … He’s not just saying it either. Find out how he personally does this with his current strategy as a long-term investor. 

You’ll also learn about the importance of diversification … It’s not just for trading strategies. It’s also in terms of what you do. For instance, could trading actually work better as a side hustle for you? 

Learn what a “talent stack” is and how to start developing yours! 

Lean Into the Fear

Say you see a door. On the other side of that door is success … But there’s a skull and crossbones on it. So you think, “Oh, I won’t open that door.”

But what if you lean into that door? What if you lean into the fear? How could you MAXIMIZE your fear and find opportunities? 

You won’t want to miss this frank and inspiring discussion about the importance of embracing scary situations. Why? Because as James says, “a healthy amount of fear leads to success.”

Love This Episode? 

What’s on your mind? Want to write James Altucher or our hosts a love note? Bring it on! 

If you have questions or comments, please send a line. Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube.

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

Love this episode? Please leave a review on iTunes.

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Stephen’s Penny Stock Journey: From Total Newbie to Consistent Trader https://www.steadytrade.com/consistent-trader/ https://www.steadytrade.com/consistent-trader/#comments Tue, 11 Feb 2020 17:00:23 +0000 https://www.steadytrade.com/?p=2644 Who is Stephen Johnson, really? Longtime listeners are already familiar with SteadyTrade co-host Stephen. He has a wealth of trading knowledge and a wry sense of humor. Sure … there’s the occasional on-air drunkenness, too. But what you may not know is the true story of how he started trading — or how he finally […]

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Who is Stephen Johnson, really?

Longtime listeners are already familiar with SteadyTrade co-host Stephen. He has a wealth of trading knowledge and a wry sense of humor. Sure … there’s the occasional on-air drunkenness, too.

But what you may not know is the true story of how he started trading — or how he finally reached his reported consistent profitability.

In today’s episode, SteadyTrade co-host Kim Ann Curtin puts on her “psychological wizard” hat. Tune in as she leads Stephen through a fascinating interview. Learn his origin story, his ups and downs, and how he finally turned his trading around on his journey toward being a consistent trader.

Getting Famous

Stephen’s quick to admit he’s “a slave to the like button.” He jokes that he’s guilty of basing his self-worth on Instagram likes.

Maybe that’s what made him start the YouTube channel that made him an internet phenomenon very early in his trading career.

In the episode, you’ll learn the story of how Stephen got started as a trader. Here’s a quick teaser…

About three and a half years ago, he had just broken up with a long-term girlfriend. He was lonely, bored, and not feeling fulfilled at work.

Then he came across a Tim Sykes ad. “Do you want to get rich?” it asked … Stephen thought, why not?

He figured if it was a scam he could expose it. And if it wasn’t a scam he could potentially become rich. Either seemed pretty OK.

He began documenting his trading journey on YouTube and quickly gained a following. This led to the opportunity to co-host this podcast!

Stephen joined SteadyTrade fairly early into his trading career … and quickly became a household name for penny stock traders.

But was Stephen’s early internet fame actually a good thing?

Wins, Losses, and What He Learned

Stephen talks about the ups and downs of his early days as a trader.

He was doing all the right things … He joined Tim Sykes’ Pennystocking Silver. He pored over educational programs like “Trader Checklist” and “How To Make Millions.

But his mind wasn’t always in the right place. At first, he wanted to trade for intensity, to make money, and to prove that he could.

Sometimes early in his career, he’d shake with fear, adrenaline, or excitement.

But over the years, things have changed. He’s become more subtle and refined, and that’s helped his career in incredible ways.

Learn about his wins, losses, and experience, and how it’s all helped to shape his trading approach.

Putting the Pieces Together

After a few major losses, Stephen talks about how he finally began to develop his confidence. That’s when he started to shift into what he calls “the right mindset” for trading.

Guided by Kim, he talks about the importance of having a trading plan. But not just for individual trades … for his entire approach to trading.

By refining his actual trading methods and getting smart about cutting losses, he began to hit his stride.

And his confidence began to grow. Learn how and why Stephen’s mindset began to shift, and how he developed the ability to make and stick to a plan. He now has the discipline to cut losses quickly and without emotion. Find out what he did to reach this incredible milestone.

Stephen’s Rules for Success

If you ask Stephen, most traders lose because they’re ruled by their emotions.

He explains why “money is the root of all evil.” So even though it may seem counterintuitive, Stephen argues that focusing on making money is the worst thing traders can do.

Don’t miss Stephen’s rules for success. He also shares specific tips on how to choose stocks to trade. Yep, that includes the exact indicators and conditions he looks for.

You definitely won’t want to miss his tip on when to go bullish versus bearish. Believe it or not, it’s harder to figure out than you might think.

Finally, you’ll love hearing what Stephen says every single trader needs to do “until your eyes bleed.” Nope … it’s not just reading stock charts.

Are You Inspired?

Did you love learning Stephen’s story about striving to become a consistent trader? Got questions or comments? We want to hear ‘em!

If you have questions or comments, please send a line. Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Send questions via the SteadyTrade website or on YouTube.

Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders and how you can become a consistent trader too.

Love this episode? Please leave a review on iTunes.

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Ep 133: SteadyTrade Book Club — “Trading in the Zone” https://www.steadytrade.com/trading-in-the-zone/ https://www.steadytrade.com/trading-in-the-zone/#respond Tue, 04 Feb 2020 18:04:33 +0000 https://www.steadytrade.com/?p=2637 It’s that time again … get ready for the latest installment of the SteadyTrade Book Club! Host Tim Bohen is stuck in cold-as-heck Michigan. Pretty much all he can do this time of year is read … But even in warmer climes co-hosts Kim and Curtin and Stephen Johnson made time for the latest book. […]

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It’s that time again … get ready for the latest installment of the SteadyTrade Book Club!

Host Tim Bohen is stuck in cold-as-heck Michigan. Pretty much all he can do this time of year is read … But even in warmer climes co-hosts Kim and Curtin and Stephen Johnson made time for the latest book.

This month, they’re discussing one of Stephen’s picks: “Trading in the Zone” by Mark Douglas. 

Read along with the crew –– and share your thoughts! Leave a comment below or tag us on social media using the hashtag #steadytradebooks.

Don’t miss the previous book club episodes here and here. Find the full schedule and synopsis for each book in this episode.

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

About the Book

This month, we’re reading Stephen’s pick, “Trading in the Zone” by Mark Douglas. 

Stephen chose it because it focuses on a topic that’s near and dear to his heart: the right mindset for successful trading. It’s a book about trading psychology… 

… why you do what you do when trading… 

… and how to get out of your own way on your journey to smarter trading. 

Most things you learn in life can be contrary to what you need to be a successful trader. So to overcome these deeply ingrained ideas, you have to deconstruct and reconstruct your mind. 

This book can help you do the hard work. It offers great tips for working on your psychology and improving over time.

The SteadyTrade Review 

The whole SteadyTrade crew agrees: this book is well worth your time.

Tim loves his chart patterns — but acknowledges that so much of trading is “in the head.” This book helps break down the how and why of so many common behaviors that hold traders back! 

Kim praises the book for its incredible lessons, not just for traders but for anyone who wants to be a better human. If you constantly feel triggered and react without thinking, you’ll have losses and make mistakes.

This book can help you face and combat your personal points of resistance to keep improving. 

For Kim, this book is a great companion to another book she loves … It’s also an upcoming book club pick: “The Inner Voice of Trading: Eliminate the Noise, and Profit from the Strategies That Are Right for You” by Michael Martin. 

Stephen’s praises are shining as well … Even though he doesn’t identify as a reader, this book drew him in and deeply affected him. Tune in to hear his full review!

Zero Barriers = Potential for Big Trouble 

One of the biggest issues with trading? There are zero barriers. You don’t need a diploma. Technically, you don’t even need to understand how stocks work. 

Brokers are happy to take your money even if you have no freaking idea what you’re doing. 

Don’t fool yourself: you WILL be triggered. You can’t shut off your emotions. But the hosts agree, reading this book can help you understand that. And you can work on improving. 

Listen in for a discussion of how and why it’s so important to acknowledge your emotions. Learn to work with them so you can make smarter trading decisions. 

It just might help prevent you from blowing up your account … Yeah, it’s that important.

Perceive What the Market Is Offering

Here’s one big idea covered in the book … You must “perceive what the market is offering, from its perspective.” But Kim wants to know what that means, exactly.

Tim and Stephen break down what it means to them … and how it’s so important to go with the market rather than trying to defy it. Can you listen to what the market is telling you? 

Restraint Is Your Friend 

Another big topic of discussion? Restraint is a good thing in trading. Remember what Mike Tyson once said, “Everybody has a plan until they get punched in the mouth.”

Once you’re in the trade, nothing matters … it’s just you and the price action. So it’s worth doing your homework BEFORE you get in the trade.

Trading isn’t simple. But it can get easier the more you do your homework. Listen in to learn how to prepare.

Ready, Set, Read! 

Wanna follow along with the crew? Here’s what we’ve read already: 

If you want to join the club, grab next month’s book: “Technical Analysis Using Multiple Timeframes” by Brian Shannon. 

If you have questions or comments, please reach out! Remember: if your question is 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.

Are you a fan of this series? We’d appreciate your review of us on iTunes.

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2020 Goals and Predictions https://www.steadytrade.com/2020-goals-and-predictions/ https://www.steadytrade.com/2020-goals-and-predictions/#comments Tue, 28 Jan 2020 17:00:42 +0000 https://www.steadytrade.com/?p=2628 It’s 2020! The booming markets have made for plenty of trading excitement so far this year … but can it really last? Leave it to the SteadyTrade crew to get to the bottom of it.  This week, the band’s back together! For the first time in a few weeks, all three hosts — Tim Bohen, […]

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It’s 2020! The booming markets have made for plenty of trading excitement so far this year … but can it really last?

Leave it to the SteadyTrade crew to get to the bottom of it. 

This week, the band’s back together! For the first time in a few weeks, all three hosts — Tim Bohen, Stephen Johnson, and Kim Ann Curtin — are all on board for the episode. They’re talking 2020 goals and predictions and offering their thoughts on the year ahead.

What does the team hope to achieve in the new year? 

Spoiler: it’s not all about healthy eating or piling on the Peloton miles. Listen in to hear about their goals and predictions for 2020…

Stephen’s Update 

When Stephen looks back at last year, he was profitable … and that gave him confidence. It also led to an important revelation… 

So much of trading success is based on self-confidence and believing in yourself. 

Yep: your mindset can seriously affect your success rate. And it works in both directions. So it’s well worth cultivating a positive state of mind before you trade.

This year, Stephen’s goals aren’t monetary — they’re all about trading psychology. 

In the episode, learn why his rule in 2020 is “to build discipline and to practice discipline … not to make profits.” OMG … Is Stephen growing up? 

Kim’s Update 

Kim’s best known as “The Wall Street Coach.” Tim and Stephen joke that she’s now embracing “the dregs of Wall Street” by learning about penny stock trading. 

They’re joking, of course. Even though low-priced stocks are often offered by shady companies, it requires precision and smart techniques to make intelligent trading decisions. It’s crucial to take the time to learn the rules before you trade. 

Kim’s excited about a ton of things in the upcoming year … starting with the next installment of the SteadyTrade Book Club. (Stay up to date or chime in on social media with #steadytradebooks). Next on the reading list is “Trading in the Zone” by Mark Douglas. It’s one of Kim’s personal favorite. 

Why this book is great … even for non-traders? You could essentially remove the word “trading” and replace it with “life.” 

Kim’s done a lot of personal work over the years … will this read help her as a trader? Tim and Stephen will help teach her trading mechanics. But in terms of the right mindset, she’s got a respectable head start. 

She hasn’t made a trade yet … Tune in to find out what she thinks is a reasonable timeline — and why Stephen says it’s RIDICULOUS! 

What do you think? Is Kim’s proposed timeline and study regime over the top or just right?

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

Tim’s Update 

As of this recording, Tim notes that the market is hitting great new highs. He’s also curious: where will things stand by the end of the year? Will the market soar higher, drop way low, or flatten out? 

Our hosts talk through their thoughts on the year ahead … including predictions for hot sectors, the overall market, and trends

Is a market crash or correction on the horizon? Will there a big run in 2020? What’s gonna happen with Tesla? And what does Stephen think will be bigger than weed stocks this year?

Don’t miss this conversation about the massive trends coming, why “hope springs eternal” with penny stocks … and how patterns can repeat in predictable ways.  

What Do You Think of These Goals? 

What do you think of our hosts’ 2020 predictions and goals? Do you agree or disagree? What would you add? We love hearing from you! 

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 most fascinating and informative trading topics! 

Love this episode? Leave us a comment, rating, and review on iTunes

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The Myths Behind Showtime’s Hit Show “Billions” https://www.steadytrade.com/myths-behind-showtimes-billions/ https://www.steadytrade.com/myths-behind-showtimes-billions/#respond Tue, 21 Jan 2020 17:00:21 +0000 https://www.steadytrade.com/?p=2618 Do you follow movies and TV shows featuring the Wall Street lifestyle? If so, chances are you’ve seen the hit show “Billions” on Showtime.  Sure, the show is a ton of fun … but is it actually accurate? Does it give a realistic view of the behind-the-scenes lives of masters of the universe, traders, and […]

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Do you follow movies and TV shows featuring the Wall Street lifestyle? If so, chances are you’ve seen the hit show “Billions” on Showtime. 

Sure, the show is a ton of fun … but is it actually accurate? Does it give a realistic view of the behind-the-scenes lives of masters of the universe, traders, and executive coaches? 

SteadyTrade co-hosts Tim Bohen and Kim Ann Curtin have plenty to say on the topic! 

Tim can speak to the show’s accuracy from the point of view of a longtime trader. And Kim weighs in from a place of many years’ experience as an executive coach

Don’t miss what they have to say in this lively episode! 

Have You Seen “Billions?” 

In case you haven’t seen the show, here’s a brief synopsis. The show centers around the universe of Bobby Axelrod (aka Axe, played by Damian Lewis), an unconventional but highly successful figure.

Chuck Rhoades (played by Paul Giamatti), a U.S. Attorney in New York, has it out for Axe, suspecting him of crooked dealings.

Meanwhile, Wendy Rhoades (played by Maggie Siff) serves as the in-house executive coach at Axe’s firm … And it just so happens she’s the U.S. Attorney’s wife, too.

Whew! Still following? 

Yep, the show definitely has undertones of soap opera. But is there a soupçon of truth in it all? Tim and Kim discuss…

Tim’s Take

Tim’s quick to admit he ditched the show fast. He only made it through about three episodes. Why?

He likens it to how his hero Joe Rogan gets miffed when he sees an MMA fight scene. Rogan’s an accomplished fighter himself, so he’s quick to sniff out inaccuracies.

Likewise, Tim has a problem with “Billions.” Does the show make trading seem petty?

Kim makes her case to make Tim keep watching … will she be successful? Listen in to hear how it plays out.

Kim’s Take 

Kim was nervous when the show came out. After all, if this fictional coach didn’t seem realistic, it could give her entire profession a bad name.

Happily, in spite of the sometimes unrealistic situations the show’s characters find themselves in, the coach-character Wendy actually puts coaching in a positive light.

Kim explains what the show gets right about the coaching scenes … and why the show has actually brought her more business. 

Kim also talks about her favorite scene in “Billions” — when Axe is so blown away that he gives his coach a luxury car. Kim’s still waiting for hers…

A Conversation About Coaches

Tim and Kim have a frank and eye-opening conversation about coaching and why some traders are quick to dismiss it. But for those of you who think it’s unnecessary, consider this… 

Think of Tom Brady, arguably one of the best football players out there. Do you think he does what he does without a little help? Nope.

He’s got a coach. He’s got a trainer. He’s probably got a nutritionist. The point is this: it takes a village. 

Many traders make the mistake of thinking they must be autonomous. They think it’s a sign of strength to do it all alone. They think that hiring a coach could make them less of a trader. 

Could one of the benefits of “Billions” be that it shows traders it’s OK to have a coach? That it’s OK to be open to growing and changing? 

Why the Show Matters

Tim and Kim aren’t just talking about “Billions” for fun. There are a ton of great lessons in this conversation about the mindset of success. A big hint to all traders: a mindset of vulnerability can be part of getting ahead.

Remember: you don’t get incredible creations like the iPhone or skyscrapers without an incredible sense of drive. Don’t miss this fascinating conversation!

What Do You Think?

Have you seen “Billions?” Do you love the show, or do you think it gives trading a bad name? We want to hear 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 or YouTube.

Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the most fascinating and informative trading topics. 

Love this episode? Leave us a comment and a rating and review on iTunes

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Hot Sectors, Trends, and Sympathy Plays https://www.steadytrade.com/sympathy-plays/ https://www.steadytrade.com/sympathy-plays/#respond Tue, 14 Jan 2020 17:00:04 +0000 https://www.steadytrade.com/?p=2608 Kim’s trading education continues! This week co-hosts Tim Bohen and Kim Ann Curtin talk about how to find stocks to trade … specifically, they look at hot sectors, sympathy plays, and trends. Most traders have limited time. So figuring out a theme or an angle can be a great way to quickly narrow down the […]

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Kim’s trading education continues! This week co-hosts Tim Bohen and Kim Ann Curtin talk about how to find stocks to trade … specifically, they look at hot sectors, sympathy plays, and trends.

Most traders have limited time. So figuring out a theme or an angle can be a great way to quickly narrow down the many stock choices out there. Learn to be smarter with your time and mental energy … Learn to focus on the best trades setups!

Kim’s Trading Idea

The concept of minimalism is gaining traction in society … Marie Kondo, tiny homes, James Altucher’s books are gaining popularity. So are documentaries like “Minimalism: A Documentary About the Important Things.”

Kim came across a company called Joymode recently. The company rents all sorts of objects or equipment. It’s for people who are trying to simplify and rent versus own. It made Kim wonder … could I trade this company?

This company hasn’t gone public … yet. But can Kim find opportunities by looking for similar companies in the sector?

How Sympathy Plays Work

Once one company in the sector gets hot, other companies often follow. We saw it with pot stocks and electric cars.

In the episode, Tim breaks down how sympathy plays work. Tune in to learn how to identify these hot sectors and start looking for potential tickers.

From there, he explains how to use tools on a screener like StocksToTrade to find stocks to watch. You can create a themed watchlist to monitor the progress to see if it fits into your trading theory.

Short-Term Trading and Trends

Day traders don’t have a long-term, Warren Buffet–type mentality. You’re not hoping to make money 40 years from now … You’re trying to earn profits based on very short-term trends.

That’s why it’s key to maintain a watchlist and track hot sectors. It’s one of the best ways to ensure that you’re ready to pounce when the right opportunities come along.

Tim talks through how sympathy plays play out in terms of price action. You’ll learn how news can create a buzz around the stock … and how the ripple effect can spread in unexpected directions.

How Trends Evolve

As trends unfold, interesting things can happen in the stock market.

Tim and Kim look at how recent trends have evolved and played out in the market. For instance, how has a phenomenon like Uber affected the stock market?

Also, what lessons can you learn from companies like WeWork that don’t succeed at going public?

Trading Trends: Important Considerations

Interested in trading the trend? There are some important things you should consider first. For example…

  • Trading the ticker versus the company. Tim talks about the difference between believing in a company and trading based on the price action.
  • How smart traders capitalize on a trend.
  • How much time should you spend trying to forecast tomorrow’s trends? And how much time should you spend looking at what’s already trending?

Join in on the Fun!

Join the challenge! Tim has homework for Kim based on her general trade idea. Wanna join?

Listen to learn what Tim suggests as Kim’s next steps toward working with the trend she identified. And how she can find potential sympathy plays.

Can you play along and find opportunities in the niche that Kim discovered? Help us create a strong watchlist!

Tell Us What You Think!

What do YOU think about trading based on trends and sympathy plays? We love hearing your thoughts!

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 or YouTube.

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

Love this episode? Leave us a comment and a rating and review on iTunes!

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SteadyTrade’s 2019 Year in Review https://www.steadytrade.com/2019-year-in-review/ https://www.steadytrade.com/2019-year-in-review/#comments Tue, 07 Jan 2020 17:00:14 +0000 https://www.steadytrade.com/?p=2600 Another year has come to a close … and SteadyTrade is still going strong.  Today co-hosts Tim Bohen and Stephen Johnson reflect on all the incredible things that happened in 2019. They take a look back at both in their respective trading careers and the podcast. It’s been a BIG year…  Listen in to get […]

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Another year has come to a close … and SteadyTrade is still going strong. 

Today co-hosts Tim Bohen and Stephen Johnson reflect on all the incredible things that happened in 2019. They take a look back at both in their respective trading careers and the podcast. It’s been a BIG year… 

Listen in to get a great recap of the year’s biggest achievements. Plus get a sneak peek of what’s coming up in 2020. 

A Huge Thank You to Our Listeners! 

Since the podcast began in 2017, we’re proud to announce that we’ve had over 10 million downloads! 

That’s a huge number, and the entire team –– Tim, Stephen, Kim, and the crew –– is utterly floored. We’re sending a huge thanks to you, our listeners, for making the podcast such a success! 

2019 in Review 

So much happened in 2019, it’s hard to know where to start. Tim and Stephen talk about some of the highlights, including…

A new co-host: After several successful turns as a guest on the podcast (Episodes 100, 104, 108, and 110), Kim Ann Curtin, aka The Wall Street Coach, officially became a SteadyTrade co-host

She adds depth and civility to Tim and Stephen’s self-proclaimed caveman mentality … and there’s a ton more to come in 2020.

The SteadyTrade Book Club: As a trader, it’s so important to learn everything you can about the market. Our hosts started The SteadyTrade Book Club to share relevant readings that can help you improve your trading techniques. Check out the books we’ve already read here and here, and follow #SteadyTradeBooks on social media for more.

Amazing interviews: This year alone, we’ve interviewed plenty of inspiring figures in the finance world, ranging from “Market Wizards” author Jack Schwager to trading social media influencer Tom Canfield to up-and-coming six-figure trader Dom Mastromatteo.

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

Stephen’s trading journey: What a long, strange trip it’s been for Stephen! During the episode, he talks with Tim about his personal trading journey and the unexpected turns it’s taken.

Stephen’s had some big wins, some serious losses, and has even considered quitting at points. Listen to hear about his relatable trading journey and prepare for a dose of inspiration. 

Tim’s trading journey: Tim talks about his personal year in trading and teaching. As a teacher and mentor for StocksToTrade Pro, he gives twice-daily webinars and has for years. Huge milestone alert: he’s now recorded 1,800 webinars! 

Tim reflects on what he’s learned as a teacher, how it’s informed his trading, and even shares what really gives him “that warm, fuzzy feeling.” 

 The importance of adapting: In reflecting on their respective years, Tim and Stephen talk about the importance of adapting. 

Change is inevitable for the market and traders, so why fight it? Instead, work with it. Even if it feels like every two steps forward require one step back, you’ve gotta keep going.

High and low points: Tim and Stephen talk about their high and low points for the year … and how it can be so hard to actually take care of yourself as a trader. 

Making trading work in the long term: Every trader has lapses and mental moments. But you have to stay strong because the moment you get weak you risk defeat. The biggest war you fight as a trader is against yourself.

Tim and Stephen’s Biggest Tips for the Year

To close out the episode, Tim and Stephen share their biggest takeaways from 2019 and their hopes for 2020. We can’t wait to continue growing with you. 

Tell Us What You Think…

Hey, thanks for listening! We welcome your thoughts … anything you care to share?

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 or on YouTube.

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

Love this episode? Leave us a review on iTunes

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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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SteadyTrade Book Club – “The Hour Between Dog and Wolf” https://www.steadytrade.com/steadytrade-book-club/ https://www.steadytrade.com/steadytrade-book-club/#respond Tue, 10 Dec 2019 17:00:23 +0000 https://www.steadytrade.com/?p=2583 It’s back — get ready another installment of the SteadyTrade Book Club! ‘Tis the season for curling up with a good book … well, at least if you’re in frigid Michigan like Tim Bohen. Co-hosts Kim Ann Curtin and Stephen Johnson may be in sunny Hawaii and Dubai respectively, but they’re still committed to increasing […]

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It’s back — get ready another installment of the SteadyTrade Book Club!

‘Tis the season for curling up with a good book … well, at least if you’re in frigid Michigan like Tim Bohen.

Co-hosts Kim Ann Curtin and Stephen Johnson may be in sunny Hawaii and Dubai respectively, but they’re still committed to increasing their trading prowess through reading great books.

This time, the team is discussing one of Kim’s picks: “The Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind” by John Coates.

Read along with the crew –– and share your thoughts! Leave a comment below, or tag us on social media using the hashtag #steadytradebooks.

Wanna jump on the bandwagon? The next book in our series is “Trading in the Zone” by Mark Douglas. And don’t miss last month’s book: “The Daily Trading Coach” by Brett Steenbarger.

Check out the full schedule and synopsis for each book in this episode.

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

About the Book

“The Hour Between Dog and Wolf” focuses on uncovering the real reasons behind the lack of consistency that so many traders experience … and how to overcome the mental habits that can lead to costly mistakes!

Kim kicks off the conversation by explaining what drew her to the book: the title. At the time, she wasn’t even involved in trading, but reading it still blew her mind.

As she found, the book is applicable to trading and beyond –– for her, it proved helpful in allowing her to identify triggers from the past based on challenges she endured.

How could it help you in your trading career and beyond?

Once I Know It, I Can Control It

Trading is a mental game … but there’s a physiological component at work as well.

Biology affects our trading and our well being. Understanding it might not help control it, but it can help you learn how to control your environment. It can also help you set up stops or personal boundaries based on your personal tendencies.

There are physiological tendencies based on previous experiences that can inform how you’ll react to stressful events … and knowing about your tendencies can be game-changing for your trading!

According to Kim, one of the best parts of this book is that it’s not full of jargon: everything is clearly explained and easily digestible. It’s accessible to readers of all levels and can help traders figure out important things about their own tendencies and how to work around them.

Lessons Learned From the Book

Tim, Kim, and Stephen all took away some key lessons from this book, including:

Don’t forget you’re human.

Traders are often instructed to ‘think like a machine.’ That’s generally good advice. But you need to remember that emotions will always get into the mix.

Knowing this can actually be freeing … Learn why Stephen thinks that being aware that there are certain things you can’t control can actually improve your trading.

It pays to have a plan.

Tim talks about how the lessons in this book can be directly applied with common sense in trading. For instance, having a trading plan and sticking to it can help you work around your personal tendencies.

Justifying or qualifying is rampant. But by promising yourself to stick to your trading plan, you can better stick to smart decisions.

It’s not about intuition.

What plays into the ‘hunches’ that propel so many traders into action? The hosts talk about how it’s important to become more self-aware about recognizing your tendencies so that you can make more intelligent trading decisions.

Patterns are personal, too.

Patterns aren’t just for stocks … traders experience them personally, too. Traders go through patterns of euphoria and excessive confidence that can lead to big losses. Learn about the checks and balances that Stephen uses to help him find consistency and reduce risk.
Removing self-blame.
As Kim notes, “shame is paralyzing.” The crew talks about how traders can fall into unhelpful self-blame cycles and how to break free!

Did You Love the Book?

Did you read this book? What did you think? Reach out and say something, anything! The SteadyTrade team loves to hear from listeners. Be sure to stay tuned for more SteadyTrade Book Clubs.

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

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

Love this episode? Leave us a review on iTunes!

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Interview With “Market Wizards” Author Jack Schwager https://www.steadytrade.com/interview-with-jack-schwager/ https://www.steadytrade.com/interview-with-jack-schwager/#respond Tue, 03 Dec 2019 17:00:51 +0000 https://www.steadytrade.com/?p=2578 At SteadyTrade, we love books … especially books about trading! We’ll share the next installment of our book club (#SteadyTradeBooks) soon … But in the meantime, we’ve got a special guest on today’s show: “Market Wizards” author Jack Schwager. Host Tim Bohen considers Schwager’s works a must-read, and co-host Kim Ann Curtin has long been […]

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At SteadyTrade, we love books … especially books about trading!

We’ll share the next installment of our book club (#SteadyTradeBooks) soon … But in the meantime, we’ve got a special guest on today’s show: “Market Wizards” author Jack Schwager.

Host Tim Bohen considers Schwager’s works a must-read, and co-host Kim Ann Curtin has long been a fan. She even includes him in her book “Transforming Wall Street: A Conscious Path for a New Future.

About Jack Schwager

Jack entered the stock market for practical reasons: he was fresh out of grad school and needed a job. The first job suited to his studies in economics? A market/research analyst position on the futures side.

It was in this position that he was first exposed to the market, and it sparked his interest in trading. Jack talks about how he discovered that market research at the time wasn’t actually that great. That’s where he saw his opportunity for success.

It required creativity, originality, and was kind of uncharted territory. It definitely wasn’t boring or repetitive. He loved the adventure.

Learn how he navigated market analysis in the time before computers — we’re talking calculators, not spreadsheets!

“Market Wizards”

Schwager wrote his book “Market Wizards: Interviews With Top Traders” in the late 80s. It was inspired by his connections to various traders of note. He decided to pick their brains and see if there were parallels between the most successful traders. The results were game-changing.

The book became a hit, and it remains relevant to this day. Since then, there have been several related titles…

So, was he surprised by its success?

Schwager talks about the process of writing the book and how his goal to create a timeless book became a reality. Or as he says: “The truths of trading are timeless.”

Surprising Discoveries

Schwager talks about what surprised him while writing his seminal book, including the many personality types. He discovered that success wasn’t necessarily all about the various traders’ approaches.

Money management was more at the core of success than a specific method…

Lessons in Failure

Most people fail at the beginning of trading. But failing doesn’t mean you’re a failure. Schwager’s seen plenty of traders who go through disaster after disaster. And somehow, they keep on going until they eventually find success.

He talks about how an inner drive carries so much weight for a trader and why you have to have endurance and drive to overcome failure and keep going!

Getting Lucky

Schwager and the SteadyTrade co-hosts all talk about how dangerous trading can be, no matter how smart you are. “If things are going really great … watch out.”

Learn why Tim thinks it’s a good thing for every trader to have their butt kicked in the beginning. A serving of humble pie can come with some good lessons. Early success can be dangerous.

Favorite Books for New Traders

Kim goes there –– what’s Jack’s best book for new traders? After all, he’s written several.

Schwager weighs in about his favorite books for new traders, and what lessons might be most helpful. Don’t miss these suggestions.

Opportunity for Traders

Schwager is writing a new book … do you have about a decade of trading experience and wisdom to share? Listen in to hear about a potential opportunity…

Parting Wisdom

Schwager closes with some important trading wisdom, including:

  • Sometimes the best trade is no trade. He talks about how “don’t trade” can actually be good advice … Before you trade, you need to figure out your approach. This can take a while –– maybe years.
  • Paper trade first. You can’t make real money by paper trading, but you sure as heck can’t lose real money either. It’s a smart way to test your market skills and get a feel for what works and what doesn’t.
  • Think about risk! How much money are you really willing to risk? That amount shouldn’t exceed how much you can lose on any trade.

Don’t miss these bits of advice and more in this action-packed interview!

Have a Question or Comment?

Got something to say? 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 or YouTube.

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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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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Getting Over the PDT with Dom Mastromatteo https://www.steadytrade.com/dom-mastromatteo/ https://www.steadytrade.com/dom-mastromatteo/#comments Tue, 19 Nov 2019 17:00:38 +0000 https://www.steadytrade.com/?p=2555 Here at SteadyTrade, we like to interview successful traders from the community. It’s our way of offering inspiration for new and aspiring traders. You can’t really copy successful traders to hit their marks — it just never really works out. You have to find your own strategies and path in the markets.  But you can […]

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Here at SteadyTrade, we like to interview successful traders from the community. It’s our way of offering inspiration for new and aspiring traders.

You can’t really copy successful traders to hit their marks — it just never really works out. You have to find your own strategies and path in the markets. 

But you can always learn a lot from established traders. It’s part of how you discover different trading approaches. And you can use the successes and failures of more experienced traders to help you can shorten your learning curve. 

Today, host Tim Bohen interviews up-and-coming trader Dom Mastromatteo. 

Dom (@michaelgscott on Profit.ly) is still in his twenties — and killing it in the stock market. He’s only been trading for a few years but he’s already earned six figures in profits! 

In the interview, Tim and Dom talk about all sorts of trading-related topics that you won’t want to miss, including why trading is superior to the traditional 9–5 job route, what kind of setups he looks for, the value in having trading buddies, and the importance of staying humble. 

Psst: Love this interview? Check out SteadyTrade’s interview with another inspiring young trader (and Dom’s trading BFF), Jack Kellogg.

Dom’s Story 

It all started when Dom was near the end of his college career. He knew he didn’t want to pursue a conventional 9–5 job … But as graduation drew closer, he didn’t see any other options. 

That’s when inspiration struck. While Dom was watching YouTube to catch up on a class, something caught his eye. A Tim Sykes video popped up on his “watch next” list. 

He took the clickbait and watched an interview with Sykes on The Steve Harvey Show. Before he knew it, Dom was down the penny stock wormhole with penny stocks. And that led him to decide that this was the thing to help him escape his 9–5 fate. 

Total Trading Immersion 

In 2016, Dom joined the Tim Sykes Trading Challenge.

A health issue forced Dom to take a break from school and just about everything. Suddenly, he had plenty of time on his hands … So he dove into his trading education, learning everything he could. 

Hitting His Stride

After about 10 months of all-in studying for 12 to sometimes even 17 hours a day, things started to click for Dom. 

Don’t have 10 spare months to totally devote to learning how to trade? Dom’s devotion isn’t necessarily standard. In the episode, Tim and Dom talk about smart approaches for traders who might have to learn on a more part-time basis. 

Dom shares how he began to find patterns that worked for him and how he decided to focus on OTCs. 

He spent a lot of time learning and not trading, but he was frustrated sitting by while others were getting rich on pot stocks. He still wasn’t earning anything.

The good part? Now, he was educated, and when the second wave of pot stock mania hit, he was ready. He explains how he started to execute successful trades and “making 500 dollars over and over and over.”

You’ll also learn what he cut out of his trading routine in favor of focusing on what worked to stay consistent! 

Moving Forward

In the interview, Dom Mastromatteo explains how his trading has progressed. Here are some key topics he and Tim hit: 

  • Getting over the PDT: Tune in to learn how can you do it while positioning yourself to continually improve your education?
  • Growing pains: Dom talks about what happened when he got away from his sector and niche … and cautions about the dangers of complacency and too much confidence.
  • OTC versus Nasdaq: There’s no winner, but some traders prefer one over the other. 
  • Midwest trading mecca: Did you know that Dom works out of a trading co-working space in the Midwest? Learn why trading with buddies can be a great approach for the long term and support!

What Say You?

Got a question or comment about the episode? Hit us up!

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 this episode? Please review us on iTunes!

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Trading SES (Stephen turns $700 into $4,000) https://www.steadytrade.com/trading-ses/ https://www.steadytrade.com/trading-ses/#respond Tue, 12 Nov 2019 17:00:22 +0000 https://www.steadytrade.com/?p=2546 Ep 123: Trading SES (Stephen turns $700 into $4,000) In trading, the only constant is change. It’s also the concept that SteadyTrade co-host Stephen Johnson has proven again and again. He’s been up, he’s been down. He’s had incredible successes … and staggering failures. Today, Stephen’s in the hot seat again … But this time, he’s […]

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Ep 123: Trading SES (Stephen turns $700 into $4,000)

In trading, the only constant is change. It’s also the concept that SteadyTrade co-host Stephen Johnson has proven again and again. He’s been up, he’s been down. He’s had incredible successes … and staggering failuresToday, Stephen’s in the hot seat again … But this time, he’s talking about his recent hot streak! In the past few weeks, he’s managed to turn a $700 account into more than $4,000. So what happened? Tune in as Stephen joins co-hosts Tim Bohen and Kim Ann Curtin to discuss his recent successes trading SES and how he’s grown as a trader. 

Stephen’s Account Grows Up 

To some traders, a profit of $3,300 might not seem like a big deal. But to achieve these kinds of gains in just a few weeks starting with a small account, it’s a pretty major achievement. 

No doubt, plenty of people tout their ‘big’ trading successes on the internet — saying they make these kinds of profits or more. But where’s the proof? 

In this episode, you’ll learn the real story of how these gains added up. Need some visual aids? Watch this one on YouTube to see all the specific chart action of Stephen’s winning trades!

Trading SES: The Trade That Changed Everything

The biggest winner in Stephen’s recent winning streak? A little ticker called SES. This stock set the market on fire — popping 80% and getting a lot of attention. 

It seems to have set off a chain reaction: there have been several huge runners in play since SES ran. 

Stephen explains how he approached the trade. Initially, it didn’t go his way … so he cut losses. He had a similar situation in the past where he ended up blowing up his account. Stephen definitely didn’t want to do that again.

You won’t believe what happened next … He was “shaking” with fear. But the trade worked out much differently than he expected. Listen in for Stephen’s full rundown.

A Shift in Trading Psychology

At some point, most traders get sick of ruining their days on bad trades. So the smart traders educate themselves about how they play the market. 

The real key to Stephen’s success in this trade? Having the right mindset. As he explains, he’s seen this type of setup many times before.

Having been burned in the past, he knew what type of approach to take this time. He evaluated the potentials: what’s the likelihood of something happening? How can I alter my plan to account for that? 

A New Approach 

With all that he’s learned, Stephen’s taking a new approach to trades. He’s “much more cautious” and plans for the worst-case scenario.

He takes the time to review the motives behind his trading and why he’s getting into it. These days, it’s more about his end goals — not FOMO or just looking for some market action. 

The difference may seem subtle, but it can make a huge difference!  

Like an Olympic swimmer shaving to gain speed, Stephen is shaving away what’s unnecessary to help boost his trading. As a result, he’s gotten much more in tune with his approach to the market. He’s feeling more anchored and reporting that cutting losses feels less personal. 

Listen in to hear how he changed his habits and mindset to gain greater clarity as a trader. Stephen’s learning that “to be a good trader, you’ve gotta have total presence of mind.”

Whatcha Thinking?

Got a question or comment about Stephen’s recent shift? Did you have a good experience trading SES? Contact us! 

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 this episode? Please review us on iTunes!

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Book Club #1 – The Daily Trading Coach https://www.steadytrade.com/trading-coach/ https://www.steadytrade.com/trading-coach/#comments Tue, 05 Nov 2019 17:27:54 +0000 https://www.steadytrade.com/?p=2523 Welcome to the first official episode of the SteadyTrade Book Club!  Today, the festivities begin with one of host Tim Bohen’s picks: “The Daily Trading Coach” by Brett Steenbarger.  According to Tim, if you struggle with trading, odds are there’s something going on in your brain that’s holding you back. One of the best ways […]

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Welcome to the first official episode of the SteadyTrade Book Club! 

Today, the festivities begin with one of host Tim Bohen’s picks: The Daily Trading Coach by Brett Steenbarger. 

According to Tim, if you struggle with trading, odds are there’s something going on in your brain that’s holding you back. One of the best ways to deal with these roadblocks? Reading and reflection. 

In the episode, Tim Bohen, Stephen Johnson, and Kim Ann Curtin (aka The Wall Street Coach) share their thoughts on the book. Read along with the crew –– and share your thoughts! Leave a comment below, or tag us on social media using the hashtag #steadytradebooks.

Want to see what book is coming up next? Check out the full schedule and synopsis for each book in this episode.  

About the Book 

“The Daily Trading Coach” is one of Tim’s all-time favorite trading books. He considers it a must-buy and must-read for new traders. The book is broken down into 101 bite-sized lessons that are set up almost like a “daily devotional.” 

The short lessons are meant to be read one a day, and they’re extremely easy to follow and helpful. It’s a book that you can keep on hand and take in one lesson at a time. 

If you’re a longtime SteadyTrade listener, the title of this book might sound familiar. That’s because Tim and Stephen have discussed it before…

Check out Tim and Stephen’s prior discussion about this book, from Episode 30 and Episode 31

SteadyTrade Book Discussion 

So … what did the hosts think? Here are some highlights: 

Tim: Well, obviously Tim loves this book. In the episode, he shares his personal favorite lesson, which might not be the one you’d expect (just kidding … it’s totally the one you’d expect). 

He also shares how one of his biggest takeaways from the book is how traders have a responsibility to cultivate a mixture of methods that are distinctly their own. 

Stephen agrees. Traders should work to learn from each other and figure out what works best for them. Copying someone else simply doesn’t work! 

Stephen: Stephen admits that he prefers some other books when it comes to trading psychology. This book offers great tips for getting started, but his complaint is that just doesn’t dig deep enough.

Nonetheless, he sees the value in this book for traders with limited schedules. It’s a perfect handy volume for a commute, for instance.  

Also, Stephen’s interested in the idea that your personality translates to your trading style. So nervous people are generally nervous traders. Impulsive people tend to be impulsive traders, and so on. Identifying your style is an important step to helping you improve.

Kim: One of Kim’s favorite things about this book? It’s versatile. She felt that many of the lessons are applicable not just to trading … but to life in general. 

She’s always curious about what makes her more awake, conscious, and aware. She found that many of the book’s lessons were helpful in pointing her in the right direction. 

Her favorite lesson? That would #8, which relates to how we’re all operating under roles that we’ve adapted to based on time and experience. And that can lead to a problem … When we operate under these “scripts,” we can be typecast in life … and in trading. 

So how do we break out of the box? All three hosts share their thoughts. 

Did You Read the Book Too?

Did you read along with the crew? Got something to say? Reach out and say something, anything! Our hosts love to hear from listeners.

Remember: if you submit a question 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.

Fan of the episode? We’d appreciate your review of us on iTunes

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Listener Mailbag: When Donald Trump Tweets https://www.steadytrade.com/donald-trump-tweets/ https://www.steadytrade.com/donald-trump-tweets/#comments Tue, 29 Oct 2019 16:00:24 +0000 https://www.steadytrade.com/?p=2511 It’s that time again … Every now and again, the SteadyTrade team likes to answer listener questions on air. Welcome to the latest edition of Listener Mailbag! We want to bring value to you, and listener mailbag questions are one of the best ways to connect. We always want make sure that we’re talking about […]

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It’s that time again … Every now and again, the SteadyTrade team likes to answer listener questions on air. Welcome to the latest edition of Listener Mailbag!

We want to bring value to you, and listener mailbag questions are one of the best ways to connect. We always want make sure that we’re talking about the stuff you actually want to know.

Today’s topics are a bit eclectic and include the President Donald Trump tweets effect, Tim Bohen’s influence (or lack thereof) on Stephen’s trading, and dead cat bounces. Here are just a few highlights from the show…

What’s a Dead Cat Bounce?

A listener saw a recent Facebook post by Tim Bohen about dead cat bounces … what’s the deal?

Well, Tim has several cats, but happily, this pattern has nothing to do with them.

The dead cat bounce is a stock chart pattern. It’s characterized by a long-term downtrending chart of months or even years … a bleeding stock. Then, right when you think it’s bled out, it experiences unusual volume, usually based on news. And that makes the stock “bounce.”

The problem? This bounce is usually short-lived.

Tim and Stephen explain different approaches to this type of pattern. Learn why it’s one of Stephen’s favorite patterns to short, as well as his tips for entry and exit.

How Has Tim Influenced Stephen’s Trading?

One listener who’s been following Stephen ever since his first YouTube video notes he’s changed a lot since the early days. Has SteadyTrade co-host Tim Bohen’s influence been a factor?

The hosts zip back in time and discuss how Stephen’s trading has evolved in the past few years, including what’s has gone right and wrong.

The reality is that anything and everything can affect your trading. But here’s what Stephen notes as the cause of some of the biggest changes in his trading: “Seeing the same situation over and over and over again.”

In other words, he’s learning that he simply can’t keep losing in the same ways anymore.

Tim agrees, saying, “There’s no shortcut in this business.

Is Commission-Free Trading a Good Thing?

In recent months, plenty of brokers have been going commission-free. How will this affect the market?

No huge surprise, Tim and Stephen have differing opinions … who will you agree with?

Tim argues that commission-free trading is good, especially if you’re trading with a small account. If you only have $1,000 in your account and you spend $100 a month in commissions, that can add up!

Tim also adds that for better or worse, it will likely bring more “dumb money” to the market … That could give educated traders an edge!

Stephen acknowledges some of the advantages, but he also argues that there could be negative effects. Could commission-free trading lead to less discipline and more bad decisions? Learn why weighing your trades carefully is still so necessary.

Do Donald Trump’s Tweets Move the Market?

One listener references a recent article in “Barron’s” that mentions the impact of President Trump’s tweets on the stock market. Is it possible to take advantage of this?

According to Tim, “The Trump tweet effect is real.” People are watching his tweets and trading on them. Is that philosophically good or bad? Should Trump be tweeting about corporations … is it his place?

Does any of that even matter?

After all, yes … tweets DO move the market these days. But the moves are extremely rapid. And you’re competing with algorithms and professionals who closely monitor this sort of thing. By the time you get into a trade, you could already be behind the curve.

It’s an interesting effect, but as Tim cautions, “not a tradable edge.”

Got a Question?

Want your question to be aired on the next Listener Mailbag episode? Reach out and ask us anything!

Remember: if your question is 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.

Fan of the episode? We’d appreciate your review of us on iTunes.

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SteadyTrade Book Club https://www.steadytrade.com/book-club/ https://www.steadytrade.com/book-club/#comments Tue, 22 Oct 2019 16:00:10 +0000 https://www.steadytrade.com/?p=2470 When’s the last time you cracked open a good book? SteadyTrade is happy to announce a new segment: the SteadyTrade Book Club! Today, hosts Tim Bohen, Stephen Johnson, and Kim Ann Curtin (aka The Wall Street Coach) are all on board to introduce the book club pilot program.  The entire team shares their picks for […]

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When’s the last time you cracked open a good book?

SteadyTrade is happy to announce a new segment: the SteadyTrade Book Club! Today, hosts Tim Bohen, Stephen Johnson, and Kim Ann Curtin (aka The Wall Street Coach) are all on board to introduce the book club pilot program. 

The entire team shares their picks for the first several months of reading, including why they chose them. Listen in to discover some great new reads. We hope you’ll join in the conversation in the coming months as the hosts discuss each selection. 

Stay Tuned for the SteadyTrade Book Club Calendar

The official book club calendar is still forthcoming … but here’s the initial reading list, including why each host picked it and why it can’t be missed.

Check out these books and, please, chime in on future discussions…

SteadyTrade Book Club Selections 

Stephen’s Pick: Trading in the Zone” by Mark Douglas 

This book is currently scheduled for discussion in January. Stephen chose it because it focuses on a topic that’s near and dear to his heart: trading psychology. 

In the book, Douglas discusses how traders often believe that they don’t have enough market knowledge or that they’re in a bad cycle. But Douglas argues that more often than not, it’s your own mindset getting in your way. 

This book offers great tips for working on your psychology in addition to your all-important studies.

This segment also features a don’t-miss moment where Tim shares his favorite vice. Hint: it doesn’t need to be sophisticated but he always wants it! 

Kim’s pick:The Hour Between Dog and Wolf: How Risk Taking Transforms Us, Body and Mind” by John Coates

The discussion for Kim’s book selection is currently scheduled for December. This was an “earth-shattering” read for Kim when she read it for the first time about eight years ago. It really awakened her to the physiological aspects of trading. And that can influence people in ways they don’t even realize. 

In the book, a neuroscientist reveals that risk-taking and stress can affect our body chemistry — and that can affect our careers! He studied traders to better understand the science behind it all … The results are fascinating. 

Tim’s pick: The Daily Trading Coach” by Brett Steenbarger 

Tim’s pick is currently on November’s schedule for discussion. As Tim puts it, this is the ideal book for the generation of traders who don’t like to read. It flows more like a daily devotional. 

The book is about 300 pages with 101 lessons. You can read each one in 5–10 minutes, and every lesson is super handy for traders. It was featured in a past episode of SteadyTrade and is well worth picking up. 

Kim’s pick: The Inner Voice of Trading: Eliminate the Noise, and Profit from the Strategies That Are Right for You by Michael Martin 

This book is currently scheduled to be discussed in March. The book is short (yay!) but succinct. And it packs in plenty of great trading information.

In the book, Martin talks about his own trading journey, and how he realized that it’s primarily an emotional game. He also offers tips for how to get rid of the noise and listen to your inner voice. 

Tim’s pick:Technical Analysis Using Multiple Timeframes” by Brian Shannon 

This book is currently scheduled to be discussed in February. Tim’s quick to point out that this is kind of a pricey book because it’s hard to find. Also, it’s not available as an audiobook…

But that probably because it’s heavy on the visuals and charts. According to Tim, the benefit of this read is that Shannon does a great job of making complicated trading concepts seem really accessible.  

Tim and Kim’s pick:The Fountainhead” by Ayn Rand 

This book is currently scheduled to be discussed in April. Nope, it’s not about trading. But it is about staying stoic in the face of adversity … and that’s totally appropriate for traders. It’s Tim’s favorite book –– wouldn’t you love to discuss it with him?

And Another Awesome Announcement…

Psst! We want to be the first to tell you about SteadyTrade host Kim Ann Curtin’s new podcast. Listen to The Wall Street Coach with Kim Ann Curtin here!

Got Something to Say?

Got a comment or question?

Reach on out! Remember: if your question is 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.

Fan of the episode? We’d appreciate your review of us on iTunes.

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Real Trading with Tom Canfield https://www.steadytrade.com/tom-canfield/ https://www.steadytrade.com/tom-canfield/#comments Tue, 15 Oct 2019 16:43:52 +0000 https://www.steadytrade.com/?p=2463   In the sea of noise that is trading social media, Tom Canfield (@canny4) is a voice of reason … and a must-follow.  As a trader, he’s neither gunslinging bro nor old bitter dude … Instead, he’s rather positive with plenty of valuable information to share with all kinds and levels of traders.   In today’s […]

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In the sea of noise that is trading social media, Tom Canfield (@canny4) is a voice of reason … and a must-follow. 

As a trader, he’s neither gunslinging bro nor old bitter dude … Instead, he’s rather positive with plenty of valuable information to share with all kinds and levels of traders.  

In today’s episode, host Tim Bohen talks with this market veteran, who has over 20 years of experience. The two get into trading methods, the state of the market, and how to get into a better trading mindset. 

Check out the full episode for a peek into what real trading is about! 

Tom’s Story 

Tom’s been a trader for 23 years (0:30). His journey began years ago when he finished business school. That’s when he began to work in institutional fixed income sales at a New York firm. 

He loved the financial side … but he hated the people. And Tom eventually got burned out. He switched gears entirely, working in the restaurant business for nine years.

As his family grew, the restaurant business became a challenging world to inhabit. It was time to switch gears again. 

He attended a seminar with his father to learn about covered call strategies. This was when the internet was really taking off, and something about it hooked Tom. 

He wasn’t into covered calls, but he started to revisit his interest in the market. He decided to brush up on trading. This time he was really serious, eventually taking it on as his full-time profession.

Taking the Leap

“I took the leap … because I kind of had to,” Tom explains (5:20). On one hand, his timing was terrible. It was 1999 — the bear market had wiped out a generation of independent traders. But Tom was able to stay afloat, and he considers this time a powerful learning experience.

He describes why he began to migrate to a day trading strategy (7:40). He also reveals why, in his words, “I absolutely love it.” It suits his entrepreneurial mind, and he can get bored with other types of trading! 

A Steady Trading Routine 

In the first 90 minutes of the day, Tom typically makes what he’s going to and moves on. 

“It’s not about what you buy — it’s when you buy” (11:10). In other words, you have to consider the environment and whether the market is right for what you’re doing. It really does matter. 

Listen in to learn how Tom approaches his trades and why the process of trial and error can be so important for traders. 

Finding Success

Tim wants to know: how long did it take for trading to click for Tom? (19:20)

It only took about a year for Tom to understand trading. But it took far longer to actually make money –– about three years. Meaningful money took even longer … about five years. Tom explains how he, like many traders, had trouble actually putting the practices he knew worked into play for himself. 

The Ego

SteadyTrade’s been focusing a lot on the ego and its impact on trading recently, including in several recent episodes with Kim Ann Curtin, aka The Wall Street Coach (25:00).   

“I needed to do the stupid stuff,” Tom says about his trading blunders. “I still do it.” Tom knows the ego gets in the way, but he breaks down how you can ultimately learn from your mistakes. 

Life Beyond Trading

There’s life outside of trading … right? Tom and Tim discuss how important it is to find life beyond stocks, charts, and trades. (28:10). Sprinting has informed Tom’s trading … Just like with running, recovery is as important as the actual process. 

It’s super important to keep your mind refreshed. And sometimes that means avoiding trading-related topics off-hours. 

Parting Wisdom

Tom’s final words on trading: “It’s hard. Sometimes it’s brutally hard and it’s cruel.” (36:15) 

In spite of your best efforts, bad things can still happen in trading. When so-called gurus try to spin how easy it is … that’s a lie. Tom’s advice? Be smart. Ask questions. Be willing to do your own research.

Got a Question? 

Got something to ask us? 

Send over your questions! Remember: if your question is 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.

Fan of the episode? We’d appreciate your review of us on iTunes

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Be the Master of Your Own Destiny: Chris Irons https://www.steadytrade.com/chris-irons/ https://www.steadytrade.com/chris-irons/#respond Tue, 08 Oct 2019 16:00:04 +0000 https://www.steadytrade.com/?p=2399 Ep 118: Chris Irons Part of becoming a well-rounded trader is learning as much as you can from a wide variety of sources. This week, the SteadyTrade Podcast is proud to present an eye-opening interview with Chris Irons, host of the sometimes foul-mouthed but always super-informative podcast Quoth the Raven (QTR).  Chris has a long […]

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Ep 118: Chris Irons

Part of becoming a well-rounded trader is learning as much as you can from a wide variety of sources. This week, the SteadyTrade Podcast is proud to present an eye-opening interview with Chris Irons, host of the sometimes foul-mouthed but always super-informative podcast Quoth the Raven (QTR). 

Chris has a long history in the financial world — and he has plenty of great information and wisdom to share. Tune in as host Tim Bohen talks with Chris Irons about his personal story, his thoughts on trading, and his tips for staying afloat in times of economic uncertainty. 

Chris’s Origin Story 

As regular listeners of the show know, Tim loves exploring the ‘superhero’ origin story of successful traders. 

In the episode, Chris explains his “18-year overnight success” story (2:14). He covers how he started out exploring the market in his late teens and maintained that interest over many years … all while bartending, attending grad school, and more. 

Unfortunately, interest didn’t always equal success for Chris. After experiencing failure with stocks, options, and Forex, he decided it was time to get real … That’s when he turned to education. 

His second run at grad school was more aligned with finance. Then through his jobs, he began to gain more knowledge about how public companies work. That’s when he connected to the type of research he really wanted to do. 

That’s also was around the time he started QTR (15:16). In the episode, he reveals how the podcast evolved and his approach to featuring different figures and stories from the market. Today, the podcast boasts nearly 1.5 million downloads!

Advice for New Traders

SteadyTrade is largely geared toward new traders (26:15). What quoth the raven about tips and tricks for the newbies? 

This episode, Chris shares some anecdotal advice based on his 16-plus years of trading. You won’t want to miss his thoughts about the “university trap” and his thoughts on higher learning. 

He also talks about the importance of finding your own path and recognizing that your opinions and thoughts are just as valid as those of the so-called market influencers. 

Trust Your Research, Trust Your Instinct

Chris urges you to block some of the major trading websites (29:20). Why? It’s not because they don’t have anything to offer … You need to learn to get in the habit of doing your own research. 

According to Chris, once you remove the cloak of financial jargon, you can start to realize that much of the news is hype … That makes it all the more important to have your own point of view. 

The Technical Analysis Trap

It might seem like blasphemy, but Chris cautions against getting “sucked into the scam of technical analysis” (38:00). 

He describes how many traders can fall into the trap of only relying on technical analysis — some to the point of ignoring the all-important fundamentals. Looking at things like a company’s debt (or lack thereof) and price-to-earnings ratio is super important when trying to sniff out stocks to trade. 

Tim and Chris also discuss what they see as some of the faults in the world of finance (44:45) … That includes inherent and major flaws in the economy at large. Chris warns there are valid reasons that right now, the economy feels like a giant Jenga puzzle just waiting to topple.

The QTR Approach to the Market

Chris thinks that one big problem too many traders have is that they “don’t take the time to be 1% skeptical” (47:00). He explains some of the ways that he maintains faith in this economy and his personal approaches to trading. 

He closes out the episode with his thoughts on how to stay safe in an unsteady market, including some approaches that newer traders may not have considered. 

He also offers some great parting advice about embracing your own weaknesses. He explains how “this is what will turn you into the rock that other people will break themselves on.”

Got Something to Say?

Want to add to the conversation or ask a question? 

Send over your thoughts and questions! Remember: if your question is 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.

Tell us how much you enjoyed this episode — please review us on iTunes

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Trading Hot Stocks: FRAN https://www.steadytrade.com/trading-hot-stocks-fran/ https://www.steadytrade.com/trading-hot-stocks-fran/#respond Tue, 01 Oct 2019 16:00:07 +0000 https://www.steadytrade.com/?p=2389 Ep 117: Trading Hot Stocks: FRAN Today, Stephen Johnson and Tim Bohen are talking about FRAN. No, that’s not Stephen’s long-lost girlfriend …hot stocks that just had an incredible run. “Welcome, brothers and sisters and children of the night!” That’s host Stephen’s jubilant welcome to the episode. He’s been away sick for the past few […]

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Ep 117: Trading Hot Stocks: FRAN

Today, Stephen Johnson and Tim Bohen are talking about FRAN. No, that’s not Stephen’s long-lost girlfriend …hot stocks that just had an incredible run.

“Welcome, brothers and sisters and children of the night!” That’s host Stephen’s jubilant welcome to the episode. He’s been away sick for the past few episodes. But now he’s back, he’s craving pints, and all is well with the world again. 

In this episode, Tim and Stephen talk about FRAN’s stock performance between September 10–16. So if you want to follow along with the chart, pull up these dates. 

Note: This episode features plenty of screen shares and great chart examples — be sure to check it out on YouTube!

The Setup

While Stephen was sick, a particular ticker caught his eye: FRAN (7:00). The company behind the stock? Francesca’s Holdings Corporation, a nationwide chain of apparel and jewelry boutiques.

Technically, this was an earnings winner, but it had a super low float. And it was up from $5 to about $9 based on earnings. That’s a big gain … What gives? 

Tim and Stephen talk about tips for figuring out when a stock might run based on earnings, like looking at insider buying (stock purchases by company employees).

With traditional non-junk, low float stocks, company-insider and C-suite investing can be a great sign. In theory, it means that the people who know the company best are confident about the future. 

Also, if people inside the company are investing in it, it seems pretty unlikely that the company’s headed for bankruptcy tomorrow.

How FRAN’s Run Unfolded

Tim and Stephen discuss how they both got in on this stock and their specific entry and exit points (9:30).  

Stephen’s approach was different than Tim’s. Learn about his errors and missteps as talks about what happened when he “broke all his rules” in what he says is an “idiotic way to play” (12:20).

Stephen goes on to share the lessons he learned with FRAN, including this biggie: “Don’t try to be a hero and buy the spike” (16:08). 

Following the Market

Even with earnings winners, there’s never a sure thing in the market. Tim and Stephen cover some of the “safe” approaches to stocks like this. After all, the market can be cyclical (17:45).

You’ll learn how to make savvy decisions with earnings winners by looking at the highs, setting an appropriate risk, and looking at your potential upside. They also discuss how to look for your risk-reward … You can struggle to be profitable with the wrong risk-reward ratio. 

How the Market Has Changed

Ten years ago, the same stock might have performed differently. It’s not necessarily because business models of companies have changed. It’s more because the stock market has evolved and grown (23:59). 

The market was much quieter 10 years ago. You’ve got many more players now than you used to … That may be in part because of traders like Tim Sykes who have brought more interest and attention to low-priced stocks.

Even bigger industrial investors and hedge funds have changed how they handle finances over the years. 

Tim and Stephen go over these market changes and how they make it necessary for traders to change their approach to stocks like FRAN as time goes on. 

A Changing Pattern

Going back to FRAN … Stephen shares how on day three of the run, the pattern changed with a first red day classic pattern (27:40). 

Stephen took a gamble, but did it work out? He discusses what happened and how he knew when it was time to get out.

Top Lessons from FRAN 

To close out the episode, Tim and Stephen share their top lessons from the FRAN experience (44:05), including:

  • Anticipate danger and be prepared to react wisely. Don’t put yourself in a situation that you can’t get out of.
  • Know what you can and can’t control. The only thing you can control in trading? When you get in and out. 
  • Don’t blow up! Don’t gamble too much on any single trade — ever.

Got Questions?

Curious about something?  

Send over your questions! Remember: if your question is 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 this episode? Please review us on iTunes

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Listener Mailbag with The Wall Street Coach https://www.steadytrade.com/listener-mailbag-with-the-wall-street-coach/ https://www.steadytrade.com/listener-mailbag-with-the-wall-street-coach/#comments Tue, 24 Sep 2019 13:00:24 +0000 https://www.steadytrade.com/?p=2381 Ep 116: Listener Mailbag with The Wall Street Coach The SteadyTrade Podcast officially has a bestie: Kim Ann Curtin, aka The Wall Street Coach. She’s been a guest on the show multiple times and has strutted her trading coaching prowess in one-on-one sessions with hosts Tim Bohen and Stephen Johnson. Today, she’s back and acting […]

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Ep 116: Listener Mailbag with The Wall Street Coach

The SteadyTrade Podcast officially has a bestie: Kim Ann Curtin, aka The Wall Street Coach. She’s been a guest on the show multiple times and has strutted her trading coaching prowess in one-on-one sessions with hosts Tim Bohen and Stephen Johnson.

Today, she’s back and acting as a special co-host with Tim to answer some of your most pressing questions about la vida trading. 

These two agree on a lot when it comes to trading … But in the real world, they’re pretty much polar opposites. Their answers make for an interesting mix! 

Check out this eclectic episode featuring plenty of trading education and much more, including Tim and Kim’s thoughts on Lizzo vs. Metallica, Tom Brady, and, of course, Ayn Rand. 

Here are some of the topics Kim and Tim address…

Unsupportive Family/Friends  

“How do I handle the people around me who don’t understand my day trading career?” (2:57)

According to Tim, it’s all about having a process that you can demonstrate to others (3:30). Penny stocks have a bad rep, but if you can document what you do, you can legitimize it. 

Kim, on the other hand, thinks it’s possible that there are people who are “not as open minded” (5:15). She talks about how it’s OK if some people never really understand what you’re doing or your perspective. Say ‘thank you for loving me and worrying about me,’ but leave it at that. 

Reading Charts Until Your Eyes Bleed?? 

“Tim, you always say look at charts ‘til your eyes bleed … what does that mean, and what should I be looking for?” (10:10)

For Kim, this is all about being able to “do the stuff that is not sexy or fun.” She talks about how you shouldn’t let trading be a crapshoot –– instead, be intentional (10:37). 

Tim is wowed by Kim’s response, adding, “you’re not looking to throw crap at the wall” (11:30). He explains how specific patterns can repeat. Going over charts tirelessly is the way to start noticing those patterns. 

Restraint is key, and studying is necessary. It can be hard. Here’s how Kim puts it: “Dude, I’m ready, I’m at the starting gate, and you’re telling me to run 15 feet and stop?” (14:56). 

Yes, indeed … because the harder you push the market, the harder it pushes back. 

Barriers to Trading Success

“Something’s wrong with my trading and I don’t know what it is. Everything is great except my trading … what’s the problem?” (19:13)

According to Kim, people don’t always see how what’s going on with them personally can have an impact on them professionally (19:49). 

Tim agrees that trading is connected to the rest of your lifestyle (21:08). He thinks that a healthy mind and body are necessary for trading well. So exercise, meditate, take care of yourself … and take care of things outside of trading. 

A big takeaway from this portion of the episode? “The people who are going to be really good at trading are the ones who will be least attached to the outcome every day.” (26:18)

Getting Prepared

“What do I do in off-market hours to prepare for the day?” (34:57)

Kim thinks this is exactly when you should be dealing with “the not sexy part” (35:15). That’s when you do your behind-the-scenes work. This is the meat … But the excitement of the market bell and executing trades — that’s the gravy. 

Tim adds that many traders have a delusion that day trading equals a Gordon Gekko-like existence (36:16). But really, that’s not where the magic happens. 

Got Questions?

Got a question of your own for the SteadyTrade crew? 

Go ahead and ask! Remember: if your question is 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.

How much do you love this episode? Please review us on iTunes

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Six Rules to Short a First Green Day Stock https://www.steadytrade.com/six-rules-to-short-a-first-green-day-stock/ https://www.steadytrade.com/six-rules-to-short-a-first-green-day-stock/#respond Tue, 17 Sep 2019 13:00:23 +0000 https://www.steadytrade.com/?p=2371 Ep 115: Six Rules to Short a First Green Day Stock There’s a lot to love about this week’s SteadyTrade episode. Host Stephen Johnson just returned from a jaunt to Thailand, and he’s planned an extra-special show to share his top six rules for shorting a stock on its first green day.  These rules are […]

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Ep 115: Six Rules to Short a First Green Day Stock

There’s a lot to love about this week’s SteadyTrade episode. Host Stephen Johnson just returned from a jaunt to Thailand, and he’s planned an extra-special show to share his top six rules for shorting a stock on its first green day. 

These rules are three years in the making … It took him a year and a half to develop them, then another year and a half (and some hefty losses) to actually follow them. 

As for host Tim Bohen? He’s just along for the ride. Will he agree with Stephen’s rules? Listen in to find out! 

Don’t miss this episode on YouTube. Not only will you see the official rules listed in Stephen’s presentation, but he also has some sexy chart evidence to back them up. Here are some of the episode’s highlights. 

(Quick note: Need more detail on a specific section? Check out the timestamps below to help you navigate the episode.)

Previous runner? Watch out.

“If it has run before, it must be forecast to run less volume on the day in question.” (9:30) In the episode, Stephen explains why volume matters with stocks on their first green day. Is it possible for a stock to run again with the same oomph? If you’re going to short on a green day, you’ll have to look for less volume than the first day. 

Don’t go all in.

“If it ran before, you should never be in more than a quarter or third of the size.” (12:55) Stephen and Tim discuss how shorting green stocks can be dangerous. 

There’s always the possibility that news will come out right after the market open that could change the entire playing field. For this reason (and many more), it’s not advised to go all in with this type of trade. 

Look for double tops.

“Look for the double tops and risk off the initial high of the day.” (16:04) Stephen and Tim explain what makes it most likely that a stock will run and discuss different setups to look for. 

Tim offers related insight on the “Rip and Dip” setup and discusses how one of his favorite setups involves a spike, a dip, and a stock breaking the high. 

Be wary of trends.

“Avoid the hot sector.” (21:04) Is crypto going nuts, or are buyers clamoring for stocks in the cloud computing sector? A lot of them spike and fail, so you should approach trending sectors with caution. 

Patterns can be seriously thrown off in the face of hot sector volatility, especially in the case of biotechs. 

Judge the float against the volume.

“See who’s underwater and why.” (22:52) Stephen explains why you need to look at a variety of factors that could be playing into a stock price. 

For instance, instead of just looking at the float, consider volume, too. This can help you make a much more educated guess about how the stock might perform in the future. 

Volume is everything!

Stephen thinks that volume is super important when shorting a first green day stock –– and Tim agrees. (23:50) If there aren’t enough buyers, a spike isn’t likely. 

If it ran before, it will require an even bigger move for the price to go higher. Listen in to learn why even without reading SEC filings (but of course that’s always suggested, too), you can get an idea of what can happen with a stock’s price based on its volume. 

Small wins add up over time. “Don’t underestimate how quickly small gains add up.” (28:26) If you’re always focused on a home run, you can miss many great plays. And those can add up to a growing account over time. Stephen and Tim discuss some key trading psychology tips. 

Got Something to Say?

Reach out to us with questions, comments, or suggestions! Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Send inquiries 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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Trading Syke-ology With Tim Sykes https://www.steadytrade.com/trading-syke-ology-with-tim-sykes/ https://www.steadytrade.com/trading-syke-ology-with-tim-sykes/#comments Tue, 10 Sep 2019 13:00:19 +0000 https://www.steadytrade.com/?p=2361 Ep 114: Trading Syke-ology With Tim Sykes  As Tim Sykes is quick to say, “It’s good to be rich.” And for him indeed it is –– this successful penny stock trader is a millionaire many times over.  He’s constantly jet-setting around the globe while working to save the world with his charitable efforts … He’s […]

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Ep 114: Trading Syke-ology With Tim Sykes 

As Tim Sykes is quick to say, “It’s good to be rich.” And for him indeed it is –– this successful penny stock trader is a millionaire many times over. 

He’s constantly jet-setting around the globe while working to save the world with his charitable efforts … He’s a mentor and teacher to many aspiring traders all the while. And he still trades.

Sykes has been on the show before, but since he always has great wisdom, projects, and advice to share, he’s a great guest to bring back every now and again.

Today, the two trading Tims (Sykes and SteadyTrade host Tim Bohen) talk about the bigger picture when it comes to trading. Plus, they get into how focusing on the right mindset and goals over “I wanna make money” can make a big difference in your trading career. 

What’s Up With Tim Sykes? 

It’s never a dull moment with Sykes, as evidenced by the many topics the Tims cover in the episode… 

Saving the World 

Sykes is deeply devoted to charity, and he might just go down in history as ‘The Trader Who Saved the World.’

Recently, he was involved in creating a documentary called “50 Minutes To Save The World” (which has three million views on YouTube in a month, BTW). He explains one of his motivations for being so active in this realm … After all, if we don’t save the earth, we won’t have a place to trade! Learn how crazy intelligent coral reefs are … and, of course, you can stay up to date on Tim’s trading and charity projects via the his Instagram and Twitter accounts.

Trader & Investor Summit

Did you know that Tim Sykes is the founder of the Trader & Investor Summit? That’s the ultimate educational getaway for traders, and it takes place annually in Orlando. 

This is a three-day event where some of the world’s most successful traders come together to share stories, teach techniques, and impart wisdom based on their wins and losses. 

Oh, and it’s also where SteadyTrade hosts Tim and Stephen chose contestants for last year’s Paper Trading Challenge

Tickets always sell out, so be sure to register today

A Midwest Trader Meetup For the Ages 

Recently, Sykes visited Bohen’s neck of the woods. In the episode, you’ll learn about his epic Midwest trader meetup with traders including Jack Kellogg, Michael Goode, and Dominic Mastromatteo.

Laugh along as Sykes talks smack about the Midwest, saying that successful Midwest traders are only good at trading because there’s nothing else to do…

But really listen in as he talks about how these 20-something youngsters are making six figures a year by trading. It’s a testament to being prepared, working hard, and being ready for the perfect plays!

Tim’s Wisdom 

As always, Tim closes out the episode with plenty of great wisdom that traders won’t want to miss. Check it out… 

  • The importance of preparing. Guess what? You can’t be too prepared. Sykes talks about how, if you’re willing to study for 12, 14, 16 hours a day like his best students, you can start to see patterns with stocks. Boring? Maybe. But the results can be anything but boring! 

 

  • Work ethic. According to Sykes, “It all comes down to work ethic.” Whether you’re a trader, a farmer, an athlete, or a violinist, having a good work ethic is key to being good at what you do. You can’t just look at one stock chart and say “Oh, I’ve got it.” You have to learn the how and the why rather than just memorizing patterns. 

 

  • There’s value in mistakes. If you’ve ever held a stock too long or missed the boat entirely on a trade, don’t despair. A similar situation will come around again. And if you work to figure out where you went wrong, next time you’ll be ready to handle it differently. 

 

  • Have a long-term mindset. It can be tempting to judge yourself on what happened today. Don’t. Take a bigger-picture view. There’s going to be another trade tomorrow, next week, next month. It’s a marathon, not a sprint! 

Got Questions?

Hey, got a pressing inquiry? 

Lay it on us! Remember: if your question is 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.

How much do you love this episode? Please review us on iTunes

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Trading Options with Ryan Sellers https://www.steadytrade.com/trading-options-with-ryan-sellers/ https://www.steadytrade.com/trading-options-with-ryan-sellers/#respond Tue, 03 Sep 2019 13:00:08 +0000 https://www.steadytrade.com/?p=2354 Ep 113: Trading With Ryan Sellers Knowledge is power when it comes to trading. It’s super important to stay updated on the news and world events so that you can have an edge when it comes to choosing the most promising stocks to trade… However, finding reputable sources for information can be a huge challenge. […]

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Ep 113: Trading With Ryan Sellers

Knowledge is power when it comes to trading. It’s super important to stay updated on the news and world events so that you can have an edge when it comes to choosing the most promising stocks to trade…

However, finding reputable sources for information can be a huge challenge. On social media, it can especially difficult to cut through the noise.

Today, SteadyTrade host Tim Bohen interviews someone who he considers a highly reputable source of information for traders on Twitter: Ryan Sellers, aka @openoutcrier.

In the episode, you’ll get to know Ryan and his story, including his approach to seeking out trading news and his best advice for options traders. 

What Is Open Outcrier?

Open Outcrier is a paid, integrated news service that offers subscribers the lowdown on options activity, large block trades, and commentary on chatter and rumors that are outside of the standard news outlets. 

Ryan Sellers is the man behind Open Outcrier and its extremely popular Twitter account @openoutcrier, which shares a slice of the company’s offerings to nearly 50K followers.

Ryan’s account is the real deal. It’s on point, with relevant articles and links and well-curated information. It’s a must-follow! 

Ryan’s Trading Story 

Ryan’s decision to work in finance boiled down to a sensible decision… 

After finishing school, he was considering either going to work for a concrete company or pursuing a career in finance. Standing on top of a building in Chicago in the dead of winter, suddenly the building lifestyle didn’t seem so appealing. So he chose to stay warm and work in the stock market. 

Many traders start their journey as individual traders, then work their way into a firm or bigger company. Ryan’s career went in reverse: he started out as a market maker and working at a firm but eventually became an individual trader. 

In the interview, Ryan offers a fascinating look at the life of a market maker. You’ll learn how they provide liquidity to the market, and how they take an edge for providing that service. 

He also explains how the 2007 market crash changed the financial sphere in huge ways, and how the market and options haven’t been the same since. 

A Change in Strategy 

2007 was Ryan’s only red year, but it was ultimately a good time for his career because it forced him to change strategies. 

Ryan is primarily an options trader. When he changed strategies, he began to focus heavily on looking to the news for cues about how to conduct himself in trades.

You’ll learn why, in the simplest sense, as an options trader his rules involve: 

  • Looking for calls if it’s good news
  • Looking for puts if it’s bad news

He also explains how he chooses options to pursue and how he uses the news to monitor what might move them. 

Getting Started With Twitter 

In 2012, Ryan got on Twitter. It was a huge moment for him … Suddenly, he had access to and the ability to interact with experts. 

He took advantage of these connections and began to contribute and interact with the wire, individuals, and companies. In learning what shapes the news, he began to create his own system of monitoring it. Listen to hear his incredible technique for monitoring what’s happening in the world. 

Advice for New Options Traders 

Interested in trading options? Be sure to listen to the entire episode, because Ryan shares some great insight. 

He shares why options aren’t for everyone and why stocks aren’t for everyone. He also offers his thoughts on both paid and free resources that you can use to develop your chops as a trader.

Hey, Got Something to Say? 

Got a question? 

We love hearing from you! And don’t forget: If your question is 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.

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

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The Top Three Ways to Sabotage your Trading https://www.steadytrade.com/sabotage-your-trading/ https://www.steadytrade.com/sabotage-your-trading/#comments Tue, 27 Aug 2019 13:00:23 +0000 https://www.steadytrade.com/?p=2350 Ep 112: The Top Three Ways to Sabotage Your Trading This episode focuses on a very important topic: the all-too-common ways that traders sabotage their trading accounts and careers.  Nope, this isn’t a PSA. We’re not talking about binge-drinking or illegal drugs (but now that you mention it, yes, avoid those things).  Today, hosts Tim […]

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Ep 112: The Top Three Ways to Sabotage Your Trading

This episode focuses on a very important topic: the all-too-common ways that traders sabotage their trading accounts and careers. 

Nope, this isn’t a PSA. We’re not talking about binge-drinking or illegal drugs (but now that you mention it, yes, avoid those things). 

Today, hosts Tim Bohen and Stephen Johnson talk about their respective top three things that they see trip up new traders. Just as there’s value in what you do, there’s also value in what you don’t do. So check out the episode to see what NOT to do in trading. 

Here’s a quick peek… 

Not Having Goals 

If you have a laptop, an internet connection, and $500 bucks, you can make a trade today — maybe even right now (market hours permitting, of course). But that doesn’t mean you should. 

Plenty — probably too many — traders get into trading without taking the time to consider what they’re doing or why they’re doing it. Sure, making money is a common goal. But beyond that, a lot of traders don’t have specific trading goals.

They buy stocks without a goal, a stop, or even thinking about why they’re doing it. Some may luck out and make some money this way. But it’s also possible to lose money … and lots of it. This approach isn’t sustainable and can prove deadly to your account. 

Losing Touch With Reality 

Call it trading karma. The minute you think you’re gonna be successful, you take a big loss and you’re worse off than when you started. 

The ego can be a powerful foe when it comes to getting ahead in trading. It can talk you into believing you’re invincible, and that’s a lie. Even the greatest traders in the world are just one trade away from being humbled at any given time. It’s smart to remember that! 

When it comes to trading, Tim and Stephen both agree that you need to try to stay in a beginner’s mindset. Stay curious and don’t get too cocky. 

Let’s use a sports analogy … There’s always someone bigger, faster, stronger, and tougher out there. So smart athletes should remember to keep their egos in check. Likewise in trading, there’s never a point at which you’ve reached your pinnacle and can’t be knocked down from the mountaintop.

As Tim shares, you’re never done with trading. He’s done it for 12 years, yet according to him, “I screwed up yesterday … I’ll probably screw up again tomorrow.” 

Focusing on the Wrong Things 

Both Tim and Stephen also talk about how focusing on the wrong things as a trader can be fatal to your career. 

  • Quantity versus quality. Things like boredom trading and random trading can happen when you’re focusing on the actual act of trading rather than finding quality stocks to trade.
  • Focusing too much on money can cripple you. Stephen shares that he began trading as a game of probabilities, and it’s usually when he starts staring at the P&L (profit and loss) data that he starts messing up. If you start basing your value on these numbers, you can quickly get lost. 
  • Focusing on making money vs. having a specific trading plan. Tim explains how not having a specific plan before you make a trade can one of the worst trading mistakes. A trading plan should be clean, concise, and clear. If you can’t fit it on an index card, you don’t want it. And definitely have all the details ironed out before you get into a trade. 

Got a Question or Comment?

Do you have a question about trading sabotage … or a story to share? 

SteadyTrade loves hearing from you! Plus, remember this: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Send your 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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Do What You Love – Interview with Jim Rogers https://www.steadytrade.com/jim-rogers-do-what-you-love/ https://www.steadytrade.com/jim-rogers-do-what-you-love/#comments Tue, 20 Aug 2019 13:00:59 +0000 https://www.steadytrade.com/?p=2341 Ep 111: Jim Rogers: Do What You Love Today’s episode features a very exciting guest: Jim Rogers. While the young ’uns may not be familiar with this name, Jim is a legend in the financial world. Not only was he the co-founder of Soros Fund Management (along with legendary investor George Soros), but he also […]

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Ep 111: Jim Rogers: Do What You Love

Today’s episode features a very exciting guest: Jim Rogers.

While the young ’uns may not be familiar with this name, Jim is a legend in the financial world. Not only was he the co-founder of Soros Fund Management (along with legendary investor George Soros), but he also created the Rogers International Commodities Index (RICI).

Jim first entered the financial world in the 1960s, when things were very, very different. In the episode, he shares with host Tim Bohen what he’s seen, his best trading tips, and what he thinks could be next for the market. 

Jim’s Story 

As Jim explains his start in the financial world, “I didn’t go to law school, I didn’t go to business school, I didn’t go to medical school … as soon as I could, I went to Wall Street.”

When Jim began his career, trading was very different from how it is today. 

For example, to stay on top of company events that could affect stock prices, he traveled across the nation to check out companies. He was also on myriad mailing lists for different companies and subscribed to newspapers from five countries. 

The actual process of trading was more arduous, too. At the time, literal pink sheets listed brokers and price details, and you’d have to call brokers or market makers to ask about prices and execute orders. 

As for short-term traders? They lived and died by the ticker. Every five or six minutes they’d check out the ticker tape and execute short-term trades based on what it relayed. That was the historical equivalent of the current day trader. 

A Meeting of the Minds 

After working on Wall Street for a few years, Jim met George Soros. 

Here’s a little history lesson, if you’re not in the know: Soros would go on to become “the man who broke the Bank of England” by short-selling billions of dollars of pounds sterling. That earned him a billion-dollar profit during the Black Wednesday crisis in the U.K. He’s an incredible investor.

When Jim met George, they hit it off, and the rest is history. Jim did the research, going around to companies of interest and checking them out, and George did the trading. 

Their system was successful. Jim retired at 37 to take advantage of the freedom his investing had afforded him. He wanted to have more than one life — he wanted adventure. 

Since then, he’s been involved in the financial world, but also takes plenty of time to pursue his dreams. He’s even gone around the world on a motorcycle! 

Jim’s Thoughts on Everything

Jim weighs in with some thoughts about life, trading, finance, and how he sees the economy moving in the future. 

Is day trading a valuable profession? Yes. According to Jim, “If you’re good at it, for goodness’ sake, do it!” But at the same time, he cautions against trying to force it. It’ll really only work if you have a genuine interest in what you’re doing. 

Money is disappearing. Last week, Jim tried to buy some ice cream in China with actual cash but couldn’t because the vendor was completely phone-based. 

Jim sees the writing on the wall: cash is no longer king. It’s all going to go virtual, but you’ll learn why he doesn’t necessarily think this means in cryptocurrency is the best investment. 

Ag-tech is the future. Jim is bullish on agriculture. It’s been a disaster for the past several decades. Farming is an unforgiving profession, and few want to pursue it these days. The thing is, our farmers are getting older, and soon there won’t be any competition. 

According to Jim’s forecast, if you can farm, you can have a rich future. Financial types have had their decades. It’s time for agriculture again. 

Pursuing your passion. Jim finds it sad that many people aren’t in touch with what their passions are. And even if they’re aware, they’re scared to pursue their passion and really run with it. He and Tim discuss why being true to yourself is so important. 

What Would a 20-Year-Old Jim Rogers Do Today? 

In the episode, Jim shares what he’d do differently if he could go back in time. You may be surprised by his responses, which include learning Chinese and what he would’ve done differently in his career. 

Curious About Something?

Got a question about this episode … or about trading at large?

We love hearing from you! Plus, if your question is 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.

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

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The Wall Street Coach in Action — Stephen Johnson’s Second Coaching Session https://www.steadytrade.com/the-wall-street-coach-in-action-stephen-johnsons-second-coaching-session/ https://www.steadytrade.com/the-wall-street-coach-in-action-stephen-johnsons-second-coaching-session/#comments Tue, 13 Aug 2019 13:00:24 +0000 https://www.steadytrade.com/?p=2312 Ep 110: The Wall Street Coach in Action — Stephen Johnson’s Second Coaching Session A couple of weeks ago, host Stephen Johnson had an on-air session with Kim Ann Curtin, AKA The Wall Street Coach.  The episode was very emotional, and left off on a cliffhanger–could it be the end of Stephen’s storied trading career?  […]

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Ep 110: The Wall Street Coach in Action — Stephen Johnson’s Second Coaching Session

A couple of weeks ago, host Stephen Johnson had an on-air session with Kim Ann Curtin, AKA The Wall Street Coach. 

The episode was very emotional, and left off on a cliffhanger–could it be the end of Stephen’s storied trading career? 

Happily, the answer is no. The session did push him to the limit–but once he was standing on the edge of the cliff, Stephen decided it wasn’t time to jump. He would in fact live to trade another day. 

In today’s episode, he continues his conversation with the expert trading coach and continues to have great insights that will resonate with traders of all levels.

The desire to quit is natural.

Should it be a surprise that Stephen was on the verge of quitting but decided to turn around? 

Not at all. Every trader has experienced the desire to quit–even if he or she doesn’t admit it. Trading is a mentally challenging profession, and it can wear on your emotions. It’s only natural to experience doubt at times. 

However, it’s necessary to keep in check with yourself about these feelings. If you’re experiencing doubt as a trader, it’s necessary to ask yourself: are my needs being met? And if not, are there changes I can make so that they will be met? 

What changed for Stephen?  

Stephen doesn’t necessarily understand what happened in his last session with Kim Ann Curtin–but he does recognize that it yielded great results. Since Episode 104, he’s been able to let go of some of his impulsiveness, and is better able to cut losses. 

The difference? Mostly his mindset. Before, he felt like he was stuck. Kim helped him realize he did have a choice to keep trading or not. Being able to stand in that choice for a minute gave him the space to feel his feelings and ultimately return to the game. 

Vulnerability, numbing, and what holds us back

In the episode, Stephen and Kim dig into some of the things that hold us back as humans–and as traders. 

For example, We’re not taught that vulnerability is ok. We’re not rewarded for it. So to admit that you’re having trouble with trading, as Stephen did, is very difficult. 

Without dealing with these feelings, plenty of people reach for something to numb themselves–food, drink, shopping, exercise, etc. But a much better approach would be to ask yourself this: if you’re numbing…why are you numbing? 

A lack of nourishment

When we’re not getting what we need to be fulfilled, it’s nearly impossible to be effective at any profession–and that includes trading. 

Stephen and Kim discuss why it’s so important to remain mindful of what it is that you need to feel nourished, and how it can help your career. 

This requires mindfulness requires giving yourself the space to simply exist and observe yourself. The difficulty? It’s counterintuitive to society’s teachings. If we’re just being and not doing, we’re taught that we’re doing something wrong. 

Mindfulness and trading

What does mindfulness have to do with trading? We haven’t gone all new age here–Stephen and Kim talk about the many ways in which mindfulness can serve you as a trader.

For example, have you ever heard a voice telling you “you have to get into this trade right now right now right now” that has made you abandon your higher thinking and what you know are best practices, like making a trading plan?

Guess what? That voice isn’t telling you the truth. It’s only by being mindful that you’ll be able to get away from those gremlins! 

Trading Success: the surprise key ingredients

In the episode, you’ll hear some of the true secrets to trading success, including:

  • Restraint
  • Worthiness
  • Presence 
  • Empathy

Listen in to hear the discussion about why these things matter and how they can improve your trading by leaps and bounds! 

Got something to share? 

Feel like sharing your thoughts on the episode? Have a question about trading? Ask us! 

Don’t forget: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. So don’t be shy! 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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Trading Tips: Whole Dollar Half Dollar https://www.steadytrade.com/trading-tips-whole-dollar-half-dollar/ https://www.steadytrade.com/trading-tips-whole-dollar-half-dollar/#comments Tue, 06 Aug 2019 13:00:29 +0000 https://www.steadytrade.com/?p=2308 Ep 108: Trading Tips: Whole Dollar Half Dollar If you’ve been listening to SteadyTrade for a while, chances are that you’ve heard hosts Tim Bohen and Stephen Johnson tossing around the term “whole dollar half dollar”. But what does this mean, exactly? While “whole dollar half dollar” might sound like some kind of trading gangsta […]

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Ep 108: Trading Tips: Whole Dollar Half Dollar

If you’ve been listening to SteadyTrade for a while, chances are that you’ve heard hosts Tim Bohen and Stephen Johnson tossing around the term “whole dollar half dollar”. But what does this mean, exactly?

While “whole dollar half dollar” might sound like some kind of trading gangsta lingo, it actually refers to key levels for traders that can help them determine entry and exit points for a trade. 

Still confused? You’re not alone. Plenty of listeners have asked about it, and in this episode, Tim and Stephen will explain the whole dollar half dollar phenomenon in great detail, including why it’s significant and why it matters. 

Whole dollar half dollar: what it means

Learning to read stock charts is kind of like learning a foreign language. It takes time and practice and ideally, immersion. But here, Tim and Stephen are offering up a little Rosetta Stone style mini lesson on looking for whole dollar half dollar points in a stock chart.

In a stock chart, the whole dollar or the half dollar points are like walls. Say that you have a stock that is trading in the $3 range. If it breaks a key level, like $3.95, there’s a high likelihood it will break the dollar point. Likewise at the half dollar point: if that stock were trading at $3.45, chances are pretty good it will top $3.50. 

Once you begin to recognize this, you won’t be as freaked out by minor intraday moves, and you can begin to see things that the majority of traders don’t see. 

Whole dollar half dollar in action

Note: Be sure to watch this episode on YouTube to see charts illustrating the whole dollar half dollar phenomenon! 

In the episode, Stephen demonstrates the whole dollar half dollar levels by showing several examples of stock charts.

You’ll see how, when a stock’s price is pushing close to a half or full dollar, it can psychologically push a stock to the next level.

For instance, if a stock is consistently peaking at .89, you can see how it flirts with the levels and can often go above the dollar point. If it holds that level consistently, there’s a good chance that it can push even further. 

A pattern that repeats itself over and over

As Tim and Stephen both note, this is a pattern that repeats itself time and time again in the market. 

It follows the same psychology of pricing retail products at $9.95 or $9.99 instead of $10–it gives the buyer a better perceived value. And in the case of the stock market, when enough buyers want in, that stock can explode. 

You’ll learn tips for refining your entry and exit points, including why it’s important to look at the volume candle and how you can key in on certain levels to get into a trade.

What makes support and resistance? 

Tim and Stephen demonstrate the point at which support becomes resistance and vice versa based on key levels. They talk about when to short when it pops up, and various approaches to trading stocks based on these key levels.

For example, don’t just look at the ascending and descending triangles on an intraday chart. You can make a good case for shorting a peak. They also talk about shorting against the half dollar whole dollar, and why you need to take advantage of weak bounces. 

Ask us anything!

Are you curious about something in this episode, or about trading in general? Get in touch! 

Remember: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. 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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Tim Bohen Gets COACHED! https://www.steadytrade.com/tim-bohen-gets-coached/ https://www.steadytrade.com/tim-bohen-gets-coached/#respond Tue, 30 Jul 2019 13:00:57 +0000 https://www.steadytrade.com/?p=2305 Ep 108: Tim Bohen Gets COACHED! A couple of weeks ago, host Stephen Johnson had an on-air session with Kim Ann Curtin, aka The Wall Street Coach. Now, it’s Tim Bohen’s turn. What secrets from deep in his psyche will Tim reveal during his session?  In this episode, as Kim coaches Tim, they really get […]

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Ep 108: Tim Bohen Gets COACHED!

A couple of weeks ago, host Stephen Johnson had an on-air session with Kim Ann Curtin, aka The Wall Street Coach. Now, it’s Tim Bohen’s turn. What secrets from deep in his psyche will Tim reveal during his session? 

In this episode, as Kim coaches Tim, they really get into the nitty-gritty about what could be holding him back in his life and career. This session is super relatable to traders of all levels and experience … you might just learn something that can help you take charge of your career! 

What Holds the Mighty Tim Bohen Back? 

From the outside looking in, it’s easy to see Tim Bohen as having the perfect life. He’s the lead trader at StocksToTrade, he co-hosts the fabulous SteadyTrade Podcast — he has a lot going for him. 

But as you’ll learn in the podcast, even the mighty have their own demons and issues to work through. 

Reliable to Others … To Himself, Not so Much

If Tim has a problem, it’s this: He’s too reliable.

Before you laugh, hear this out. Tim prides himself on being as reliable as possible for others. Here’s the problem: He’s not always capable of allowing himself the same courtesy. 

Here’s an example: He’s wanted to write a book for the past 10 years but has never been able to make time for himself to really write it. Yet in that time, he’s been there for so many others. He’s done 1,500 webinars and met and exceeded the expectations of others. He feels accountability for others that he can’t seem to enforce for himself. 

Getting to the Root of It

In the session, Kim leads Tim through a visualization exercise to get to the root of the issues that may be holding him back. Make time to follow along and try the visualization for yourself — you may be surprised by the results! 

The Trouble with Helping Others First 

Kim makes an important note about helping others: There’s a reason you put your own oxygen mask first in the event of a plane emergency. If you don’t take care of yourself first, you can’t hope to be able to help others. 

The trouble with helping others first is the high price you pay at not having your own needs met. In other words, you sacrifice yourself and your needs. 

So in that, it’s not at all selfish to put yourself first when things really matter. In fact, it just might save your life (or at least your trading career). 

Combatting Feelings of Selfishness 

Yep, Tim feels selfish when he puts his own needs first. This dates back to when he was 22 years old, and he and a partner started a business. 

At the time, they were only taking $100 checks for themselves. He felt couldn’t afford to say no, but unfortunately, this became ingrained. Now he’s still in that mode. 

At a certain point, he had to prioritize others over himself for survival. It was necessary. So how can he change that pattern? He needs to give himself empathy for not prioritizing himself … and make some changes! 

Tim’s Homework

In the episode, Kim and Tim plot out a plan of attack for him to address this issue that may be holding him back in his career, including:

  • Finding the value in saying no. Sometimes, no can really be the kindest answer for both you and the other party involved.
  • Pausing before saying yes. If you’re a yes person, what would happen if you took five before agreeing to another responsibility? 
  • Being aware. How does it make you feel when you get caught in this cycle?
  • Being accountable. Can you be as accountable to yourself as you are to others? 

SteadyTrade Wants to Hear From YOU 

Got a question about Tim’s process, the Wall Street Coach, or trading in general? Ask us! 

Don’t forget: We may choose your question as an on-air topic, and that means you could win a SteadyTrade mystery gift box. Don’t be shy! 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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The Do’s and Dont’s of Day Trading https://www.steadytrade.com/the-dos-and-donts-of-day-trading/ https://www.steadytrade.com/the-dos-and-donts-of-day-trading/#comments Mon, 22 Jul 2019 17:00:26 +0000 https://www.steadytrade.com/?p=2317 Ep 107: The Do’s and Dont’s of Day Trading SteadyTrade host Tim Bohen is PUMPED. Why? Because TradersEXPO in Chicago— one of the premier trading events (that’s also FREE of charge) — is here.  And at this FREE-to-attend event, Tim will present not once, not twice, but three times — along with celebrity day trader […]

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Ep 107: The Do’s and Dont’s of Day Trading

SteadyTrade host Tim Bohen is PUMPED. Why? Because TradersEXPO in Chicago— one of the premier trading events (that’s also FREE of charge) — is here. 

And at this FREE-to-attend event, Tim will present not once, not twice, but three times — along with celebrity day trader Tim Sykes. Learn more information on the StocksToTrade blog (and see below for Tim’s presentation times). 

In today’s episode, he’s prepping for the big conference by sharing his top do’s and don’ts of day trading. You don’t want to miss these valuable lessons! 

Here are a few highlights from the show: 

Tim Bohen’s Day Trading DO’s

  • STUDY. The ease of entry into the world of trading can be a blessing … and a curse. Even though you don’t need a degree to become a trader, you should act like you do. Study, do your homework, and learn what you’re doing before you trade. 
  • TEST IT. Test your strategies before you actually execute an order. It can make a difference.
  • TRACK IT. Track your results! Tim talks about why this is one of the most important things that traders can do to improve.
  • BE IN TUNE WITH THE MARKETS. Life’s busy, right? Maybe you have a job, go to school, have a family … or all that and more. But you always need to make time to read the business news, check the market indices and the overall market, even if you’re not trading. 
  • MAKE TIME TO TRADE. Don’t have time to trade? Ditch the TV and social media. See how much time you suddenly free up to study and trade! 
  • MANAGE YOUR RISK TO REWARD. Don’t fall into a FOMO trap … fear can drive poor trading decisions. Make smart stops and keep your expectations realistic. Tim briefly discusses why you should focus on a 3-1 risk and reward. 
  • BE TRULY PASSIONATE ABOUT TRADING. When Bohen was a mere Tiny Tim, he’d pore over stock prices in the newspaper. The markets captured his fascination early on. He has passion, and that motivates him. Learn why if you don’t have curiosity and fire, you can be far less likely to survive as a trader! 
  • YOUR NUMBER-ONE GOAL AS A NEW TRADER IS TO STAY IN THE GAME. ‘Nuff said, right? Tim explains why this should be your primary goal.

Tim Bohen’s Day Trading DON’Ts 

  • DON’T TRADE TIRED. It’s just as bad as trading drunk! 
  • DON’T EXPECT TO GET RICH QUICK TRADING. If you think you’ll get rich quick from trading, it’s time to leave the building. It’s just not gonna happen. 
  • DON’T TAKE LARGE LOSSES. No matter your trading experience — newbie or advanced — big losses can make it much harder to sustain a trading career over time. 
  • DON’T TRADE RANDOM OR UNTESTED STRATEGIES. Test it, log it, and manage it. That’s how you can improve. 
  • DON’T COPY SOMEONE ELSE’S TRADES. This goes for friends, ‘hot’ stocks, mailing lists, etc. Learn from others, but never blindly follow them. You need to be a self-sufficient free thinker. You can’t know the whole story without doing the research yourself. 
  • DON’T THINK YOU CAN BEAT THE MARKET. That’s just like playing in Vegas. The house always wins. 
  • DON’T BE A BAG HOLDER. That’s someone who holds on to a losing position forever with the false hope that things will turn around. Just don’t.
  • DON’T REVENGE TRADE. That’s when you try to make up for a loss. Tim dishes on why these trades are pretty much always losing trades.

Don’t Miss Tim Bohen and Tim Sykes at TradersExpo Chicago! 

Here are the dates and times for their presentations: 

Trading and Investment Tools for Maximum Efficiency

Time: Monday, July 22, 1:30 p.m. – 2:15 p.m. CDT

A Keynote Presentation with Tim Sykes and Tim Bohen: A True Edge Trading Low-Priced Stocks

Time: Monday, July 22, 2019, 6:00 p.m. – 7:00 p.m. CDT

Stocks to Watch — Here and Now

Time: Tuesday, July 23, 2019, 11:45 a.m. – 12:30 p.m. CDT

A Special StocksToTrade Offer!

Be sure to listen through the end of the episode for an incredible StocksToTrade promo! 

Hit Us Up! 

Submit your questions — we love to hear from you. AND if we choose yours as an on-air topic, you could win a SteadyTrade mystery gift box. So ask away! 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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Success in Trading: Breaking Down $NERV https://www.steadytrade.com/success-in-trading-breaking-down-nerv/ https://www.steadytrade.com/success-in-trading-breaking-down-nerv/#comments Mon, 15 Jul 2019 13:00:28 +0000 https://www.steadytrade.com/?p=2296 Ep 106: Breaking Down $NERV All traders are bound to experience challenges at some point in their career.  For SteadyTrade co-host Stephen Johnson, it’s been hard to maintain motivation in recent months due to a mixture of trading ennui and fear brought on by unsuccessful trades in the past.  But it seems he’s turned a […]

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Ep 106: Breaking Down $NERV

All traders are bound to experience challenges at some point in their career. 

For SteadyTrade co-host Stephen Johnson, it’s been hard to maintain motivation in recent months due to a mixture of trading ennui and fear brought on by unsuccessful trades in the past. 

But it seems he’s turned a corner … He reports he’s currently up $1,300 on a $580 account and generally feeling more inspired about the market. 

What happened, and what’s he doing right? In today’s episode, he and co-host Tim Bohen review it all, including a detailed analysis of his recent success trading NERV. 

So what’s behind this turnaround? Stephen credits a few different things, including: 

A great session with The Wall Street Coach. In case you missed it, Episode 104 featured a session between Stephen and Kim Ann Curtin, aka The Wall Street Coach. Together they uncover a lot of what’s been holding Stephen back. 

In the episode, they also address a variety of possible solutions, including a potential trading sabbatical for Stephen. Learn why the prospect of quitting actually lit a fire under Stephen’s hindquarters and helped him find his will to succeed! 

Less time. Stephen’s had a ton of responsibility lately at his day job, and it’s been eating into his trading time. But that’s actually a good thing — with less idle time, he’s not falling into the trap of ‘boredom trading.’ 

Boredom trading, or trading ‘just because,’ usually doesn’t end well. Tim and Stephen talk about this all-too-common trap, and how new traders can and should avoid it at all costs! 

Listen in to learn why too much time isn’t necessarily a good thing for traders, and how to make the most of your trading even with a tight time budget! 

About NERV 

When Stephen saw what was going on with Minerva Neurosciences (NERV), he saw an opportunity too good to pass up… 

Minerva is a clinical-stage biotech company with several drug candidates in the pipeline. If you’re not familiar with biotech companies, they’re notoriously volatile in the stock market. 

Why? Because these types of companies are all trying to create miracle drugs, but until they receive FDA approval, they don’t make a dime. Yet to continue developing the drug, they need to continually raise money … So they’re constantly spinning press releases. 

If they do in fact get approved and create a successful drug, the potential for profit can be great with these stocks. But a lot of them ultimately fail — so it’s a huge risk. 

According to Stephen, this was “a bread-and-butter short.” The stock was hitting highs and then coming down, and there was no relative volume. He sensed that it was a good time to make a move. 

NERV: How It Played Out 

In the episode, you’ll get a play-by-play of the market conditions on the day of the trade and how Stephen pulled it off. 

Stephen and Tim break down the trade, starting by evaluating the chart pre-market and through a company conference call, then taking a look at what happened when the market opened. 

On the day of the trade, the two biggest gainers were a female viagra play and an obesity gadget play, both of which spiked then got destroyed. Lame … but these conditions may have helped create an opportunity with NERV. 

Stephen explains his entry and exit points — and how he made back some money that he lost on a short by going long. Yes indeed: he was a double agent on this trade! Don’t miss the discussion about this dangerous technique and why it worked this time. 

Got a Question?

Are you dying to ask something about Stephen’s trade … or the market in general? Don’t be shy! We love to hear from our listeners.

Remember: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. 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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From Paper Trading to Real Trading with Contest Runner-up Liz Lele https://www.steadytrade.com/from-paper-trading-to-real-trading-with-contest-runner-up-liz-lele/ https://www.steadytrade.com/from-paper-trading-to-real-trading-with-contest-runner-up-liz-lele/#comments Mon, 08 Jul 2019 13:00:37 +0000 https://www.steadytrade.com/?p=2290 It’s hard to believe that several months have already passed since the end of the SteadyTrade Paper Trading Challenge.  Recently, hosts Tim Bohen and Stephen Johnson caught up with contest winner Chris “DJ” Dini to see how he’s faring with the transition from paper trading to real-time trading. Now, they’re catching up with contest runner-up […]

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It’s hard to believe that several months have already passed since the end of the SteadyTrade Paper Trading Challenge

Recently, hosts Tim Bohen and Stephen Johnson caught up with contest winner Chris “DJ” Dini to see how he’s faring with the transition from paper trading to real-time trading.

Now, they’re catching up with contest runner-up Liz Lele to see how her live trading is going. Her ups and downs are inspiring and relevant to traders of all levels. 

Note: Do you want to be part of the next Paper Trading Challenge? Auditions will be held at the upcoming Tim Sykes seminar in Orlando! Stay tuned for more info in the coming weeks. 

Liz’s Trading Journey 

Liz began trading in 2016. At the time, she was a nanny and had other things going on … and she wasn’t totally serious. It showed in her results. She was losing thousands of dollars. 

She likens it to trying to operate a lawnmower and blithely thinking, “Oh I’ll just reach under it to fix it.” She ended up with very bloody hands. At that point, she figured, “I’ve gotta read the manual”. 

She started to get serious about trading. Inspired by Stephen’s videos, she began her own series of trading videos to hold herself accountable. She got involved in the trading world and was chosen to be part of the SteadyTrade Paper Trading Challenge.

In the challenge, Liz had her ups and downs and tried her mentor Stephen’s patience at times. But ultimately, she rose to the top of the crowd, coming in second place overall. 

How’s Real-Life Trading Treating Liz? 

As a trader, Liz’s been guilty of a ‘throw spaghetti at the wall and see what sticks’ type of mentality (listen to the episode to hear her hilarious wording of the analogy). 

But now that she’s risking her own money, she’s buckling down and learning how to do things the right way. Or as she says, “my brain is working.” 

She’s finding that full immersion is the way to go with studying trading — you really need to go all in. This is key for many successful traders, and she wants to join their ranks. 

Paper Trade Big, Real Trade Small 

Paper trading is great, but here’s the thing: it’s not real life.

Liz was bold in paper trading because she could be. Even though the trading scenarios were realistic, it wasn’t her actual money at risk. Like a flight simulator, you know that as bad things get, you won’t actually crash. 

But now that she’s putting her actual money on the line, she’s become far more cautious. After all, she could really lose big with the devil-may-care attitude that she adopted as a paper trader.

As Stephen and Tim discuss, caution is good for new traders — the idea is to trade small, find consistency, and scale up.  

They talk about her protective measures, like setting her risk levels before she trades and being super strict about cutting losses. 

Liz’s Trades Reviewed

To close out the episode, Liz reviews her track record as a real-time trader. Overall, she’s doing pretty well! Out of 12 trades, she reports a 50% win rate — with her biggest win at 80 cents per share and her biggest loss at 27 cents per share. 

Tim and Stephen go through her trades and offer constructive criticism … traders of all levels can learn some great tips about how to refine their own trades. 

Got Questions?

Do you have a question about paper trading, this episode, or trading in general? 

Go ahead and ask! Bonus: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. So don’t be shy … We love to hear from our listeners and want to hear what you have to say. 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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The Wall Street Coach in Action — Stephen Johnson’s First Coaching Session https://www.steadytrade.com/the-wall-street-coach-in-action-stephen-johnsons-coaching-session/ https://www.steadytrade.com/the-wall-street-coach-in-action-stephen-johnsons-coaching-session/#respond Mon, 01 Jul 2019 13:00:39 +0000 https://www.steadytrade.com/?p=2281 In today’s episode, you’ll see a very different side of Stephen as he goes through a session with Kim Ann Curtin, aka The Wall Street Coach. Listen in as they delve into his complicated feelings about trading … and as Stephen experiences a huge emotional breakthrough!  What lies beneath Stephen Johnson’s jovial facade?  On the […]

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In today’s episode, you’ll see a very different side of Stephen as he goes through a session with Kim Ann Curtin, aka The Wall Street Coach. Listen in as they delve into his complicated feelings about trading … and as Stephen experiences a huge emotional breakthrough! 

What lies beneath Stephen Johnson’s jovial facade? 

On the surface, the SteadyTrade co-host seems care-free. While his amiable nature and lightheartedness are authentic, there’s a whole lot more going on below the surface. 

Kim Ann Curtin: The Wall Street Coach

Kim Ann Curtin is a trading coach and the founder of The Wall Street Coach. Tim and Stephen interviewed her in Episode 100 about digging beneath the surface to uncover what’s behind trading psychology. 

Following the success of that episode, she’s now conducting a one-on-one session with Stephen to dive deep into his recent trading woes. Will our lovable Stephen have a transformative experience? 

Stephen’s Journey to Trading 

About five years ago, Stephen went through a quarter-life crisis of sorts. He was experiencing massive anxiety and a sense of ennui … He felt like he didn’t know who he knew who he was or where he was going in life. He felt like he’d lost his identity. In his words, it was “terrifying.” 

He took proactive steps to focus on his goals and pursue therapy … but something really seemed to bring him out of his rut: trading.

That’s around the time Stephen also discovered the Tim Sykes Trading Challenge. Never one to shy away from a challenge, he decided to give it a try — and document his journey on YouTube. 

Stephen figured if Sykes was a scammer, he’d reveal the truth. And if the program was legit, maybe he could learn to trade and earn some money. Either way, broadcasting the experience online could help others. 

The Emotional Roller Coaster of Trading 

When Stephen started trading, he initially lost money, but reports turning things around and starting to turn a profit. He documented everything on YouTube and began to form a community. It gave him a sense of purpose, and he felt a vitality he hadn’t felt in a while. 

He felt as if he’d found his identity again. 

But then, something changed. About a year ago, he began taking losses … and couldn’t seem to turn things around. 

So what happened? 

Stephen notes that as his trading progressed, the wins didn’t seem to affect him as much … but the losses became harder and harder to absorb. He began to feel depressed: “All I’m doing is sitting in a room alone, watching money go up and down.”

The truth? Stephen’s starting to feel bored, and his needs still aren’t being met. So what does that mean for him as a trader? 

Stephen’s Work

In the episode, Kim asks Stephen some hard questions. First and foremost: If making money isn’t making him happier, why does Stephen continue to sit in that lonely room and trade? 

As Stephen puts it, he doesn’t like to quit on promises or commitments. He doesn’t want to throw away the podcast and his YouTube channel just because he’s not as enthusiastic as he was.

But will that passion ever come back? And what does this all mean for his future as a trader?

What Are You Afraid Of? 

Traders will want to listen carefully to the podcast as Stephen explores the complex emotions that come with second-guessing yourself as a trader. 

While every trader’s journey is different, most traders will experience doubt and the desire to quit at points. In this episode, you’ll gain some valuable insight as to how you can observe and anticipate what you need to keep going. 

As Kim puts it, “If we’re creating meaning, why don’t we create meaning that makes us feel good— that makes us feel alive?”

Got Something to Say?

Do you have thoughts, comments, or questions about this episode? Reach out to us! 

Don’t forget: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. So ask away … 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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Beyond the PDT with Bryce and Matt https://www.steadytrade.com/beyond-the-pdt/ https://www.steadytrade.com/beyond-the-pdt/#respond Mon, 24 Jun 2019 13:00:49 +0000 https://www.steadytrade.com/?p=2271 Think millennials are good for nothing? Think again. In today’s episode, host Tim Bohen is excited to interview two young men who are killing it: Bryce and Matt of the popular podcast Beyond the PDT. Tim was interviewed on their show and now enjoys a bromance with these enterprising young lads. Today, they’re joining SteadyTrade […]

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Think millennials are good for nothing? Think again. In today’s episode, host Tim Bohen is excited to interview two young men who are killing it: Bryce and Matt of the popular podcast Beyond the PDT.

Tim was interviewed on their show and now enjoys a bromance with these enterprising young lads. Today, they’re joining SteadyTrade to share their thoughts on important trading-related topics like the importance of connection, going from red to green, and how they’re working on breaking through the PDT barrier.

About Bryce and Matt

Bryce:  Originally from Syracuse, New York, Bryce’s college identity was initially all about basketball. But after transferring to a different school he met Matt — his partner in crime and business. He introduced Matt to freelance writing, which is an income source for him. And Matt introduced Bryce to trading.

Currently, Bryce is in his fourth year of college and working on an internship learning about supply chain management. He’s been trading just shy of two years but isn’t yet profitable. For him, the podcast, hopefully, is a means of changing that.

Matt: Growing up, Matt always had ‘“a knack for money”. By the age of 14 or so, he was selling iPhone cases on eBay for profit — just the first in a long line of side hustles.

About two years ago, when he was early on in his college career, he joined the Tim Sykes Trading Challenge. This was his introduction to trading, and he was almost instantly hooked.

Like Bryce, his first two years have been red … And actually, that’s a big part of how the podcast came to be.

About Beyond the PDT

Bryce and Matt run the podcast Beyond the PDT. In case you’re not familiar, PDT stands for the pattern day trader rule.

The PDT is designed to protect traders with small accounts. It limits how many trades you can execute per week when your account totals less than $25K. Breaking through the PDT is considered a huge milestone for new traders. It’s viewed as a sign that they’ve graduated to the next level.

In the podcast, Bryce and Matt interview inspiring traders in hopes of helping aspiring traders — including themselves — to gain wisdom about how to break through the PDT barrier.  

Motivated by individuals like Gary Vee, Bryce and Matt want to create a space to learn from and connect with established traders. Their hope is to create a community and grow as traders. Check out their podcast and subscribe!

Lessons Learned

In the episode, Tim talks with Bryce and Matt about some of the lessons they’ve learned through trading and the podcast. Here’s a sneak peek of what you’ll learn:

  • Profits don’t always come right away. Both Bryce and Matt are sheepish about the fact that two years in they’re still in the red. But as Tim notes, “There’s nothing wrong with being 18 months or 2 years in and not being profitable.” Remember: some of today’s most prominent traders took years to turn a profit.
  • Connection matters. Trading can be lonely, which can make it easy to lose motivation. By connecting with other traders — through interviewing them in a podcast or just by connecting online — you can create a sense of community to help you stay fresh, focused, and inspired.
  • Consistency is key. One lesson that Bryce and Matt have learned is that instead of seeking profits, traders should instead focus on seeking consistency. This is just one key to steady trading.

Tim Reviews Bryce and Matt’s Trades

In the episode, Tim analyzes trades that both Bryce and Matt recently executed. Listen in for valuable commentary on these trades, including what Tim thinks they did right … and where they can improve.

Got Questions?

Have a burning question about trading? We’re here for you!

Don’t forget: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. So speak up and ask away … 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? Please leave us an iTunes review.

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From Paper Trading to Real Trading with Contest Winner DJ Dini https://www.steadytrade.com/from-paper-trading-to-real-trading-with-contest-winner-dj-dini/ https://www.steadytrade.com/from-paper-trading-to-real-trading-with-contest-winner-dj-dini/#comments Mon, 17 Jun 2019 13:00:25 +0000 https://www.steadytrade.com/?p=2260 It’s hard to believe that it’s already been months since the SteadyTrade Paper Trading Challenge came to a close. During the competition, winner Chris (aka DJ Dini) seriously killed it with a combination of diligence, determinism, and dedication. But how’s he faring now that he’s graduated from paper trading to live trading? In today’s episode, […]

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It’s hard to believe that it’s already been months since the SteadyTrade Paper Trading Challenge came to a close.

During the competition, winner Chris (aka DJ Dini) seriously killed it with a combination of diligence, determinism, and dedication. But how’s he faring now that he’s graduated from paper trading to live trading?

In today’s episode, hosts Tim Bohen and Stephen Johnson check in with DJ to see how he’s doing, what he’s trading, and to discuss the transition from paper trading to real trading.

How’s It Going?

While making the jump from paper trading to live trading can feel scary, DJ believes that the key to a successful transition is taking paper trading seriously.

He says that the Paper Trading Challenge was almost like a six-month intensive for him, a great basic training for the real trading he’s doing now.

Looks like this mentality paid off: As of this recording, DJ reports that his account is up about $5K!

Adjusting from Paper Trading to IRL Trading

The Paper Trading Challenge ended in March, and DJ started live trading in April. But as he quickly learned, there were quite a few bumps along the road in terms of adjusting, including:

Brokers. On a paper trading module, you can basically execute any type of order you’d like. In real life … not so much. Different brokers have different capabilities, strengths, offerings, and more. Since going live, DJ is getting quite the education.

In his few months live trading, he’s worked with several brokers, including E-Trade, Merrill Edge, Interactive Brokers, and TradeZero. Learn about his experiences and why it’s so important to find a broker that suits your specific trading needs.

Discipline. Is DJ getting into hot water with trades, or is he sticking with his discipline?

DJ confesses he thinks ‘why did I do that?’ about his trading at least once a day. More than once, he’s noticed that his own actions set him back in trades. But this doesn’t need to be a bad thing. The key is learning lessons from these moments. Case in point: Check out his ‘don’t short on Friday afternoon’ lesson.

Motivation. DJ talks about how as a live trader he needs to create sources of motivation for himself. He talks about the power of setting goals, and how programs like Profit.ly can help add a friendly layer of competition that inspires to keep on trading.

Order fills. With paper trading, a stock’s float doesn’t matter much, and your order will pretty much always be filled. But in real life, this doesn’t always happen. There are many more mechanics at work in the actual market. He talks about adjusting to this and how he’s learning to maximize spikes with long positions.

Setups. In the episode, DJ talks about how his setups have changed, and how he’s taking advantage of some other StocksToTrade tools, like Oracle, which offers a step toward algorithmic trading. Programs like this can offer invaluable guidance for new traders!

Top Three Takeaways

DJ has these three tips to offer paper traders who are considering taking the leap to real trading:

  1. If you’re going to paper trade, turn on the virtual fees. Fees are a huge part of actual trading, so it’s best to get used to it early on. Set it to $5 or $6 per trade for a more realistic view of trading.
  2. Use paper trading to verify patterns. Paper trading is the next best thing to trading live, and it can help you feel out how you might react in the heat of a trading moment.
  3. Know that you can move a stock. While you don’t have to pay too much attention to a stock’s volume and float in paper trading, you really do with live trading. Depending on your position size, YOU could be the reason why a stock stops running.  

Got Questions?

Have a burning question about anything in this episode or about trading in general?

Ask away! Added bonus: If your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. So speak your mind … 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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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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Trading with Egos and Gremlins – The Wall Street Coach Kim Ann Curtin https://www.steadytrade.com/trading-with-egos-and-gremlins-wallstreet-coach-kim-ann-curtin/ https://www.steadytrade.com/trading-with-egos-and-gremlins-wallstreet-coach-kim-ann-curtin/#comments Mon, 03 Jun 2019 13:00:02 +0000 https://www.steadytrade.com/?p=2248 Listen up, traders: If you’ve never heard of Kim Ann Curtin, then by the end of this episode, you’ll be so glad you tuned in to Trading with Egos and Gremlins.  Kim focuses on executive performance training for traders… Say what? She’s a trading coach extraordinaire — kinda like the character Dr. Wendy Rhoades (played […]

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Listen up, traders: If you’ve never heard of Kim Ann Curtin, then by the end of this episode, you’ll be so glad you tuned in to Trading with Egos and Gremlins. 

Kim focuses on executive performance training for traders…

Say what? She’s a trading coach extraordinaire — kinda like the character Dr. Wendy Rhoades (played by Maggie Siff) in the current TV show “Billions.”

With firms in the U.S., the UK, and Dubai and the book “Transforming Wall Street: A Conscious Path for a New Future” under her belt, Kim usually consults with established and extremely successful traders. But today hosts Tim and Stephen are lucky to have her on the show to share tips with traders who are still on their way up!

Want to improve as a trader (ahem, who doesn’t)? Listen closely to every single thing that Kim has to say in this action-packed 100th episode of the SteadyTrade podcast!

Who Is Kim Ann Curtin?

The fact that Kim Ann Curtin would become a fixture in the world of finance wasn’t necessarily evident at an early age. She attended FIT (the Fashion Institute of Technology) in New York City and was initially on quite a different path…

Then she decided to go into finance for the same reason as so many people: to make money. Then ten years later she decided to launch an executive coaching firm. Unfortunately, her timing wasn’t great. She was just starting her business just a year before the stock market fell in 2008. Unfortunately, her timing wasn’t great: She was just starting her career when the stock market began to dip in the 2000s.

With an interest in community and spirituality, she was inspired by the Free Hug movement and decided to give the concept a try in free coaching for traders. Her spin was to offer her services initially for free. Her timing was spot on this time. The first day she set up with a “The Coach Is In” sign coincided with the infamous market crash.

On any other day, people might’ve walked by, but now they were curious and open following such a momentous event. Reporters interviewed her, and she was immediately branded “The Wall Street Coach.” That name has stuck ever since.

In the episode, she weighs in on a variety of topics that are appropriate for traders at any and every level, including…

Learning From Your Mistakes

Knowing he’s in the presence of a pro, Stephen asks the million-dollar question: How can degenerates like us stop making the same mistakes over and over?

Yoda (er, Kim) has some incredible things to say on the topic, starting with this simple concept:

The process of recovery begins with self-awareness.

What would happen if instead of kicking yourself, you noticed patterns? For instance, “Every time this happens, I make a mistake.” Can you learn to look at your tendencies with curiosity instead of judgment? That’s a great starting point.

The Ego Isn’t a Bad Thing

While the ego is often perceived as a bad thing, Kim posits that our ego isn’t bad or wrong — it’s built to help us survive. So the motive is to help us cope with whatever shows up.

But then again … which ego is showing up for you?

Kim suggests that there are two versions of the ego: The uppercase (Ego) and the lowercase (ego).

The uppercase Ego is the version of yourself that’s enlightened, intuitive, and able to not be attached to results.

The lowercase ego is what tells you that your worth is based on success. It’s a saboteur, a gremlin, and it can keep you from making positive changes.

In this episode, you’ll be guided through a series of questions to ask yourself to get to the bottom of your trading tendencies, including:

  • Are you self-aware?
  • Do you see patterns in what you do?
  • What do you say to yourself?
  • What goes on in your mind when you trade?

Failure, Success, and False Hope

You need to have a prenup before investing in anything.

Just as traders can have a hold and hope mentality in trades, they can have it in life.

Kim about the physiological aspects of failure, success, and false hope — and how that can mess with your mind as a trader. Don’t fall into these traps!  

The Importance of Tracking Your Emotions

You can’t train your emotions … but you can learn to work with them by being aware of them.

In the episode, Kim, Tim, and Stephen talk about the benefits of tracking not just trades, but also the emotions that come with trading. This can be a gateway to figuring out your unhealthy patterns.

For instance, if you think you’ll be the one outlier, maybe you should check in with yourself about that grandiosity.

Often, the most successful people have painful journeys. You must do some emotional intelligence work on yourself!

Got a Question?

Do you have a question about the episode, Kim Ann Curtin, or about trading in general?

Don’t be shy … ask SteadyTrade! If we choose your question to answer on air, you can win a SteadyTrade mystery gift box. Put yourself out there. 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 awesome do you think this episode is? Leave us an iTunes review!

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VWAP, Back-Testing, and Rising to the Challenge https://www.steadytrade.com/vwap-back-testing-and-rising-to-the-challenge/ https://www.steadytrade.com/vwap-back-testing-and-rising-to-the-challenge/#comments Mon, 27 May 2019 13:00:27 +0000 https://www.steadytrade.com/?p=2235 You have questions … and SteadyTrade hosts Tim Bohen and Stephen Johnson have answers. In today’s episode, the mighty duo tackle four pressing trading questions from listeners. Listen in for their take on VWAP, backtesting, getting out of a trading slump, and more. Traders of all levels can benefit from the answers to these listener […]

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You have questions … and SteadyTrade hosts Tim Bohen and Stephen Johnson have answers.

In today’s episode, the mighty duo tackle four pressing trading questions from listeners. Listen in for their take on VWAP, backtesting, getting out of a trading slump, and more.

Traders of all levels can benefit from the answers to these listener questions!

Now, on to the questions…

Randy: How do you use VWAP as an indicator — and how do you set it up on a screener?

STP answer: VWAP, which is short for volume-weighted average price, is a popular technical indicator with traders. It shows where the most volume is in a stock and displays as a basic line on a stock chart. It’s simple to read: If the price is above the line, it’s above VWAP. Below the line, it’s below VWAP.  

So what’s the benefit of VWAP? Basically, it’s a good way to determine whether the action around a stock is bullish or bearish.

You’ll learn some great tips for how to use the VWAP, how traders are currently putting it to creative use, and how to screen for VWAP most effectively on StocksToTrade or any software!  

Paula: As a fairly new Tim Sykes’ Trading Challenge student, Paula is curious about how to maximize the program. Both Tim and Stephen are former Sykes students, so what’s their advice for making the most of the Challenge and actually getting started trading?

STP response: Since both Tim and Stephen were once Trading Challenge students, they have a lot of anecdotal advice to share.

Stephen talks about how it’s all about “learning, practicing, and repeating” to reinforce the lessons, noting that “the more times you fail, the closer you are to success.”  

Both Tim and Stephen address some of the biggest goals for any new trader: figuring out what stocks to trade and learning how to to create a great watchlist. They offer tips from their own experience on how to build better watchlists, how to graduate from paper trading to intelligent live trading, and why you should NEVER copy another trader.

Jeff: What is backtesting? Also, Jeff wants to know if the hosts have any advice … He’s been trading for about four months with a small account. And while he started strong, he’s now down by 50%. Any tips?

STP response: Backtesting is ‘cool’ according to Tim, but not much more. To the uninitiated, this is where you pretend to travel back in time and try your hand at a trade that’s already happened. He talks about backtesting issues, including the fact that most penny stocks will crash and that backtesting can trick you into a false sense of security.

Our hosts cover better real-time alternatives like paper trading and looking at actual stock charts.

They also offer helpful tips for getting out of a trading slump, including reducing your positions and sticking to paper trading for the short term. As Tim puts it, “don’t let your account grind down into oblivion when you’re in a slump!”

Chris: How can we convince Stephen to play long, since he trades long plays as shorts all the time? Also, can you talk about restrictions on pattern day trading (PDT) and margin accounts?

STP response: According to Stephen, here’s the real question: “How can Stephen be intelligent when cutting losses in shorts?” He and Tim critique his recent trades and evaluate whether Stephen should be playing long or short. You may be surprised by their thoughts!

To address the second part of the question, Tim and Stephen talk about trading accounts, including the difference between cash and margin:

  • Cash account: You can only trade with what’s in your account.
  • Margin account: You can trade two, four, or even 10 times your worth, leveraging up.

They get into the advantages and disadvantages of each, including how losses can mount quickly with margin accounts and how cash accounts are great in terms of responsibility but don’t typically offer traders the opportunity to sell short.

ROAN Update!

Be sure to listen in to hear the latest in Stephen’s ongoing ROAN trade saga!

Got a Question?

Do you have your own trading-related question?

If we choose your question to answer on air, you can win a SteadyTrade mystery gift box! So don’t be shy … 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 awesome do you think this episode is? Leave us an iTunes review!

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Stephen Shorts a Short: The Ups and Downs of ROAN https://www.steadytrade.com/stephen-shorts-a-short-the-ups-and-downs-of-roan/ https://www.steadytrade.com/stephen-shorts-a-short-the-ups-and-downs-of-roan/#comments Mon, 20 May 2019 13:00:30 +0000 https://www.steadytrade.com/?p=2228 When traders get bored, dangerous things can happen. This week, while waiting for the appointed time to record the SteadyTrade Podcast, host Stephen Johnson decided to jump into an impulsive trade to kill some time. Let’s get one thing straight: The SteadyTrade team doesn’t suggest that you EVER trade because you’re bored. Impulse trades can […]

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When traders get bored, dangerous things can happen.

This week, while waiting for the appointed time to record the SteadyTrade Podcast, host Stephen Johnson decided to jump into an impulsive trade to kill some time.

Let’s get one thing straight: The SteadyTrade team doesn’t suggest that you EVER trade because you’re bored.

Impulse trades can be much more of a gamble than those that you enter after careful research and consideration. That said … since Stephen already took a position … why not ride it out and see how it goes?

This week, Tim and Stephen abandon their regularly scheduled podcast to broadcast Stephen’s short-selling adventure in real time. Will it end in joy or tears?

Stephen Commits a Trading Sin

On April 29, 2019, at approximately noon, Stephen committed the ultimate trading cardinal sin…

He traded because he was bored.

He saw an opportunity to short sell the stock ROAN, and he took a position. While waiting to see if the stock’s price will fall, he and Tim evaluate the trade.

What Tim Sees in This Trade

After chastising Stephen’s lack of impulse control, Tim evaluates the trade in terms of what he sees. These observations can help you evaluate potential short sales of your own:

  • Terrible long-term chart. This chart is a disaster, with a huge gap down in August and a steady downtrend since. Tim explains why this makes it a good contender for a short.
  • High float. This stock has a float of approximately 150 million. What does that mean? Tim explains, including possible implications for the trade.
  • Recent green day. A few days ago, the stock had a green day based on buyout rumors … but those rumors might be false. In that case, it can be a great short sale!
  • It’s never broken below VWAP. The stock pulled back that morning, touched the VWAP, and then ripped back up to the high of the day. Is this worrisome or a sign that what goes up must come down?
  • Trading high. ROAN is currently trading at 10 times its daily average. Without a strong catalyst, could this potentially be a sign that it’ll turn around soon?

Concerns About This Trade

Tim agrees with Stephen’s short-selling thesis on this stock after a brief breakdown. But he still has some reservations:

  • Timing. Stephen’s attempting a midday short, which often doesn’t end well for traders.
  • Stephen’s mindset. Tim’s said it before, and he’ll say it again: Entering trades because you’re bored is usually a terrible idea. He explains why this messes with a trader’s psychology, increasing the likelihood of making dumb mistakes!

Stephen’s Take

In the episode, Stephen explains his reasoning for entering the trade, including:

  • A bad time for biotechs. As Stephen saw it, the market wasn’t too busy at the time, and plenty of biotechs have been failing lately. Could ROAN be the next to fail?
  • Fake news? ROAN was up on bio-news that he felt would likely fizzle out, and it had a bad long-term chart.
  • An opportunity. As Stephen saw it, the time was right. Listen in to hear what he’s risking and how he settled on these risk levels!

The Emotional Journey of Live Trading

Throughout the episode, you’ll get a real feel for the emotional rollercoaster that comes with trading.

As the stock approaches its high of the day, a panicked Stephen is (in his words) on the verge of pooping his pants. Then as the price starts to drop, he’s jubilant, ready to buy everyone a round to celebrate.

But will the trade go in Stephen’s favor? How low will the price go?

Will the whole thing flop as the stock rebounds on news?

Be sure to listen to the entire episode to hear how the trade worked out!

Got Something to Say?

Hey, do you have a question about this episode or a trading-related topic? Hit us up!

Send questions via the SteadyTrade website, YouTube, or by email.

P.S. Did you know that if we choose your question to answer on air, you can win a SteadyTrade mystery gift box? Ask away!

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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Papa John: The Art of Passion and Discipline https://www.steadytrade.com/papa-john-the-art-of-passion-and-discipline/ https://www.steadytrade.com/papa-john-the-art-of-passion-and-discipline/#comments Mon, 13 May 2019 13:00:23 +0000 https://www.steadytrade.com/?p=2225 It’s a happy day for the SteadyTrade Podcast: Papa John (nothing to do with pizza, BTW) is back! We featured him on the podcast about a year ago, when he was one year into his trading journey. Today we’re checking in on how he’s progressed as a trader. In the episode, he and co-hosts Tim […]

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It’s a happy day for the SteadyTrade Podcast: Papa John (nothing to do with pizza, BTW) is back! We featured him on the podcast about a year ago, when he was one year into his trading journey. Today we’re checking in on how he’s progressed as a trader.

In the episode, he and co-hosts Tim Bohen and Stephen Johnson address a range of trading-related topics, including …

  • Why OTC stocks aren’t the only game in town
  • How to find what works for you
  • Maintaining a passion for trading
  • The extreme importance of discipline

Traders of all levels will be inspired to hear how Papa John’s trading style has evolved!

Recap: Papa John

When you first met Papa John way back in Episode 41, he was a fairly new trader with a great story. After losing $16K in his first six months as a trader, he managed to turn things around and finish out that first year in the green.*

Having transitioned to trading from the world of online poker, Papa John was no stranger to waging his hard-earned money. But trading was a totally new game! He says he finally found his edge with OTC stock breakouts.

What’s Going on Now?

Papa John’s expanding and refining his trading techniques in a number of ways.

Most notably, he’s shifting from working with only OTC breakouts and starting to trade listed stocks too.

The problem with only trading OTC stocks? It tried his patience. With OTC stocks, there can be short runs of activity, but then there can be several weeks with little action. To take advantage of those down times, Papa John started exploring listed stocks.

A New Strategy

No big surprise — and as Papa John found — OTC strategies don’t always translate well on the bigger exchanges. Where OTC stocks really require mostly technical research, he found he needs to delve much deeper into the fundamentals for listed stocks.

He learned that lesson pretty fast. He lost money early on in his listed-stocks journey, but now he says he’s regaining ground and found a strategy that works for him.

Papa John’s Strategy With Listed Stocks

The pattern he’s working with? It involves reverse splits.

In the episode, Papa John explains how he looks for recent reverse splits that become very low float in the aftermath of the split. He then waits for a catalyst to pounce on the trade and work with the chart. Traders interested in working with stock splits as a trading strategy won’t want to miss this!

The Importance of Passion and Discipline

In the episode, the three traders also discuss the importance of both passion and discipline for traders. An obsessive scholar of all things trading-related, Papa John has a strong passion … but struggles with discipline.

But he’s working to improve his by implementing these discipline-building practices:

  • Taking profits off the top. Papa John realized one of his problems as a trader is letting certain trades go too long and letting his profits recede. Now, he takes profits earlier and still holds a smaller position just in case things keep looking up. Learn how he uses this strategy when trading on the Nasdaq!
  • Cutting losses. A loss can hurt, but it’s better to rip the band-aid off quickly to help reduce how long and deep you feel the sting. Learning from foolish mistakes is the smart way to avoid repeating them!
  • Waiting for specific setups. As Papa John puts it, “Do you have an edge that you can verify statistically with your setups?” There’s a reason he sticks with certain setups … they work for him! Learn his go-to OTC patterns and the thought process behind his entry points!  

Got a question?

Ask us anything! Well, anything about trading, that is.

BTW … Did you know that if we choose your question to answer on-air, you can 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!

How awesome do you think this episode is? Leave us an iTunes review!

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Trading OTCs with Jack Kellogg https://www.steadytrade.com/jack-kellogg/ https://www.steadytrade.com/jack-kellogg/#comments Mon, 06 May 2019 13:00:50 +0000 https://www.steadytrade.com/?p=2218 Today, host Tim Bohen interviews trader Jack Kellogg. This young trader’s into trading OTCs (over-the-counter stocks) that meet very specific criteria. Every now and again on SteadyTrade, we like to interview successful traders from the community to help inspire our listeners. You can gain a lot from hearing about the different paths traders take and […]

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Today, host Tim Bohen interviews trader Jack Kellogg. This young trader’s into trading OTCs (over-the-counter stocks) that meet very specific criteria.

Every now and again on SteadyTrade, we like to interview successful traders from the community to help inspire our listeners. You can gain a lot from hearing about the different paths traders take and learn from both their successes and mistakes.

In the episode, Bohen quizzes him on a bevy of topics: how he finds stocks to trade, why trading is better with friends, and why he thinks college is a scam. Check out this action-packed episode!

The Jack Kellogg Story

Jack isn’t what you’d call a high-school scholar, but he’s a hard worker. He worked as a valet through his late teens, saving his earnings to build a better life.

Jack had little interest in college … and he also wisely understood that to live the kind of life he wanted, he needed to figure out how to make money. His 2017 New Year’s resolution was to learn how to trade. That’s when he discovered Tim Sykes.

He joined Tim’s Trading Challenge, first relying on paper trading to build up his trading skills. While his results were OK, they weren’t consistent.

In observing traders like Michael Hudson (aka Huddie), he realized that to find his own success, he needed to develop a specific strategy.

He began short selling … and initially did well. But then he got cocky and lost all his profits. That turned him off short selling. Once he got burned, he knew he had to shift gears.

The Evolution of Jack’s Trading

Jack’s big losses as a short seller are what led him to OTC stocks. In these low-priced stocks, he saw the opportunity to grow his account quickly. He developed a new strategy, and probably because of his losses, a smarter mindset. He’s been trading OTCs ever since.

For Jack, OTC stocks come down to risk/reward: “When you’re right, you can achieve amazing risk/reward ratios because of how they hold their levels.”

Benefits of Trading OTCs

In the episode, Jack talks about his approach to trading OTCs. You’ll learn how he strives for a risk/reward ratio of 10:1, what that means, and how things like VWAP and stock charts fit into the equation.

He also discusses what he sees as the benefits of trading OTCs, including less competition. He also thinks the smaller size can make them more transparent than Nasdaq stocks with things like Level 2 quotes — there can be less noise and fewer spoof bids.

You’ll also learn Jack’s specific methodology, including how he chooses entry and exit points based on factors like volume and past history. He shares his techniques for mitigating risk, such as increasing positions in trades that go his way and cutting losses quickly.

For traders interested in this trading style, don’t miss this episode!  

Got a question?

Hey, got a trading question? Ask us!

Psst … Did you know that if we choose your question to answer on air, you can win a SteadyTrade mystery gift box? Don’t delay! 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 awesome do you think this episode is? Leave us an iTunes review!

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Watchlists, Accounts, & Emotions https://www.steadytrade.com/watchlists-accounts-emotions/ https://www.steadytrade.com/watchlists-accounts-emotions/#comments Mon, 29 Apr 2019 13:00:03 +0000 https://www.steadytrade.com/?p=2210 Watchlists, Accounts, & Emotions As you’re probably already well aware, hosts Tim Bohen and Stephen Johnson are a veritable treasure trove of trading-related information. Lucky you: Today they’re putting their knowledge to work by answering specific questions from listeners. From inquiries about watchlists to accounts to dealing with emotions in trading, this episode is action-packed […]

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Watchlists, Accounts, & Emotions

As you’re probably already well aware, hosts Tim Bohen and Stephen Johnson are a veritable treasure trove of trading-related information. Lucky you: Today they’re putting their knowledge to work by answering specific questions from listeners.

From inquiries about watchlists to accounts to dealing with emotions in trading, this episode is action-packed and full of invaluable information for traders of all ages and all levels.

Here are some listener questions that Tim and Stephen tackle this week:

Matt: As a new trader, Matt can create a strong watchlist … but he’s confused about how to evolve it. He’s had good luck with his watchlist foundation but hasn’t had much luck adding new stocks to the list. That’s especially true in the short period of time in the morning before the market opens.

What’s a trader to do?

As Tim points out from the get-go, not every trader is the same. If this method works, why mess with it? But, that said, both Tim and Stephen understand the desire to keep a watchlist moving with the market. So they both offer some tips for stalking stocks and how to watch for action in the afternoon to help inform watchlist choices for the following morning.

Stephen talks about his specific tips for trading hot stocks and some of the things he looks for, including low float, high volume, a hot sector, good news, and a solid catalyst.

Trevor: Like Stephen, Trevor lives in Dubai! Here’s what he wants to know: What’s the best account for a beginner and a non-U.S. resident?

Stephen is quick to say that he’d love to talk it over with Trevor over a beer … as long as Trevor’s paying, of course.

All jokes aside, Stephen actually has some thoughts on opening a new account. He and Tim talk about the importance of building your ‘knowledge account’ before building up a pain tolerance for loss. And of course, at first, a good choice for an account might be one that requires no balance at all — a paper trading account!

Quick note: Curious about paper trading? With a StocksToTrade 14 day trial, there’s no better time to check out this stock screener’s awesome paper trading platform!

Bram: Bram is 16, from the Netherlands, and had nothing to do with the writing of Dracula. He also wants to know this: How can you control your emotions in trading, especially when you find yourself in a bad position during a trade?

Ah, the eternal trading crisis. Stephen himself would love to know the answer to this important question, as it’s a struggle he faces frequently.

Traders of all levels will benefit from Tim and Stephen’s perspective on this important topic, including in-depth thoughts on how traders put themselves in a raw emotional state by not defining entries and exits before entering a trade.

Kirill: As a 19-year-old trader, Kirill can’t short sell or sell on margin (you have to be 21 to do these things). His question: What can Tim and Stephen recommend as alternatives?

Yep, there are limitations to being a young trader. But honestly, these strategies can spell trouble for traders, so maybe those limitations are for the best. Tim and Stephen both have some real talk for young traders like this, including how these constraints can actually be positive.

As a new trader, it may not be in your best interest to trade sketchy stocks in the riskiest ways possible. They suggest some positive alternatives, including how to work with Nasdaq stocks with unusual volume hovering around 52-week highs. Trades like this don’t have to be boring!

Got a question?

Psst … got a question? If Tim and Stephen choose your question to answer on air, you could win a SteadyTrade mystery gift box! 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!

Do you think this episode’s awesome? Be sure to leave an iTunes review!

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Blow-ups, Borrows and Brokers https://www.steadytrade.com/borrows-and-brokers/ https://www.steadytrade.com/borrows-and-brokers/#respond Mon, 22 Apr 2019 13:00:08 +0000 https://www.steadytrade.com/?p=2203 It’s time for some spring cleaning at SteadyTrade! There are a variety of topics we’ve been meaning to address, and today’s the day we’re getting to them. In this week’s episode, hosts Tim Bohen and Stephen Johnson tackle a grab bag of topics: What’s going on in the market and with STT Stephen’s latest trading […]

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It’s time for some spring cleaning at SteadyTrade! There are a variety of topics we’ve been meaning to address, and today’s the day we’re getting to them.

In this week’s episode, hosts Tim Bohen and Stephen Johnson tackle a grab bag of topics:

  • What’s going on in the market and with STT
  • Stephen’s latest trading epiphanies and updates
  • A slew of other trading-related topics that haven’t made it into recent episodes but are totally worthy of mention

Trading Tips from Tim and Stephen

A lot of listeners are curious about what’s going on in Stephen’s trading career. Some of you are even sending private messages to Tim on social media to find out!

Let’s end the suspense right here and now: In this episode, Stephen dishes on what’s up in his trading life — losses, successes, struggles, and lessons learned. Tim and Stephen discuss some of Stephen’s recent trades, analyzing what he could have done differently in some cases and how to use that knowledge moving forward.

Listen in to learn invaluable lessons and tips about effective short selling, including what to look for in high-a-days and why waiting for a stock to ‘crack’ can be a smart approach.

Stephen also imparts wisdom about how traders should be keenly aware of dilution. Why? Even if a stock has a float of 10 million, if 5 million shares are diluted, things may not be as hunky dory as they seem.

You’ll also learn key tips on how to refine trading strategies, including Tim’s advice about how to be patient, back up, and take a long view of several stocks at once. Sometimes, if you’re monitoring three to four runners, it can be tempting to just jump in and make a trade. But Tim makes a case for waiting to see which emerges strong.

The Problem with Trading “For Fun”

In the episode, Tim and Stephen discuss another key topic: Why traders must take their work seriously, even if they’re just trading part-time.

If you’re a part-time trader, you may have to fight the temptation to gamble a bit in your trades. After all, it’s not your full-time job … right?

Wrong! It can be downright toxic to your account and progress. Our hosts explain why it’s critical to adopt a healthier trading mindset.

SteadyTrade and StocksToTrade News

There are also some exciting new updates, including:

SteadyTrade now has its own YouTube channel! Previously, SteadyTrade episodes were uploaded to the StocksToTrade YouTube channel, but to avoid confusion and help you find the exact content you’re looking for, we created a separate channel.

On the SteadyTrade channel, you’ll find weekly episodes as well as shorter segments where Tim and Stephen discuss relevant news in the trading world. It’s a great way to help you stay current on what’s happening in the market!

Stay connected to StocksToTrade on YouTube! As a trader, you know it’s important to stay on top of market news. Every Monday night at 8 p.m. Eastern, Tim gives a 30–45 minute recap of the week in the market and hosts a live Q&A. Don’t miss this informative (and FREE) live event!

Catch Tim live! It’s every trader’s dream to meet the mighty Tim Bohen in person, right? You’re in luck — there are two upcoming events where you’ll have just that chance:

  • Benzinga Trading Summit: On June 7, Tim will speak in NYC at the Benzinga Trading Summit.
  • Chicago TradersExpo: If one Tim isn’t enough, here’s your chance to see both Tim Bohen and Tim Sykes speak at the same event! TradersExpo takes place in Chicago from July 21–23.

Got Questions or Comments?

What’s your trading question or topic you’d love to hear Tim and Stephen discuss? Leave a comment on YouTube, the blog, or email us!

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

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

https://youtu.be/Rv56Gv97nkg

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Listener Mailbag: Paralysis by Analysis https://www.steadytrade.com/paralysis-by-analysis/ https://www.steadytrade.com/paralysis-by-analysis/#comments Mon, 15 Apr 2019 13:00:33 +0000 https://www.steadytrade.com/?p=2183 Paralysis by Analysis Every few months here in SteadyTrade land, hosts Tim Bohen and Stephen Johnson present a listener mailbag episode where they review some of the many inquiries we receive. This week we’ll talk about : Paralysis by Analysis It’s a chance for our hosts to address specific listener questions and help you gain […]

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Paralysis by Analysis

Every few months here in SteadyTrade land, hosts Tim Bohen and Stephen Johnson present a listener mailbag episode where they review some of the many inquiries we receive. This week we’ll talk about : Paralysis by Analysis

It’s a chance for our hosts to address specific listener questions and help you gain a better understanding of the trading world.

But here’s why they really do it … As a seasoned veteran, Tim can sometimes overlook some introductory stuff, and Stephen is admittedly drunk half the time. These episodes are an opportunity to slow down and explain some of the finer points of trading!

Today’s episode is action-packed, featuring some of your inquiries. In this episode, our hosts cover how to get real about trading, how to overcome FOMO, and what support and resistance are and how to use them.

Don’t forget: if your question is asked on air, you could win a basket of SteadyTrade goodies!

But first … where has Stephen been?

In the past few episodes, Tim and Stephen reference Stephen’s “spiritual awakening” in Thailand. In this episode, he’ll dish the deets. Don’t miss this one on YouTube, especially if you want to see Stephen’s sweet new Thai tattoos …

Listener mailbag!

Let’s get to those questions. Here are some highlights:

Liam: I’m about to open my first brokerage account. I know it’s a journey, and I know I’ll make mistakes, but I’m kinda scared to get started. Any tips on how to be more aggressive in my progress?

As Tim and Stephen see it, Liam may be suffering from “paralysis by analysis.” Of course you want to be prepared. But Stephen points out that the quickest way to fail is to not try at all.

Both Tim and Stephen have suggestions on how to conquer your fears and actually get started in trading. They also have tips on how to challenge yourself and face the many fears that can come with stock market trading.

Leslie: I’m looking for insight into how you choose support and resistance. Do you use the daily chart, or do you plot them from the intraday chart?

Tim talks about how he uses the daily chart for major support and resistance. But once you enter a trade, you can use the intraday chart to help support your decisions and monitor your position.

Remember, charts are an art — not a science. Find out which approaches Tim and Stephen take with support and resistance in trades. Want more info about support and resistance? Check out episode 84 to learn more, complete with charts.

Jake: I see a lot of traders using Level 2. Is it worth it? What is it, and how do I use it?

Level 2 is the order book for a stock, with a complete listing of the buyers and sellers. As Tim puts it, it’s like a digital representation of all the traders in the trading pit waving tickets like you see in the movies.

Level 2 is valuable, but it’s just one small piece of the puzzle. As Tim and Stephen explain,

you need to understand basic charting and have some trading prowess before you tackle Level 2.

Is it something that new traders should include in their toolbox? Listen in to hear what they have to say!

Alex: Can you talk about how to break away from the gambler’s mentality, how your account is your business model, and how to get serious about trading?

Stephen admits that battling the gambler’s mentality is hugely difficult — even seasoned traders struggle with it! But when you get down to it, can you cut your losses and understand that it’s an odds game?

Tim and Stephen also have some great tips for how to treat your account like the business it is and talk about how they’ve been able to get serious with their own accounts!

Raymundo: I want to hear about timing! Can you tell me about what time of day can be better for trading, including entries and exits?

Everyone can get FOMO with early- and late-day trades, so it may be smart to work up to those more volatile times as a new trader to overcome paralysis by analysis . 

Tim makes a case for why, as a new trader, it might be smart to focus on midday trades. He also gets into the cautions of premarket trading and talks about stalking trades. There can be benefits to letting the market ‘digest’ catalysts and news.

Questions? Comments?

Got questions of your own? If there’s ever something we bring up that’s not clear, leave a comment on YouTube, the blog, or email us.

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

How much did you dig this episode? Be sure to leave an iTunes review!

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And The of the Winner of the Paper Trading Challenge Is … https://www.steadytrade.com/paper-trading/ https://www.steadytrade.com/paper-trading/#comments Mon, 08 Apr 2019 13:00:08 +0000 https://www.steadytrade.com/?p=2075 Paper Trading Challenge It’s a big day for the SteadyTrade podcast … We’re wrapping up the Paper Trading Challenge, and it’s time to see who hosts Tim Bohen and Stephen Johnson declare as champion! While this episode is dedicated to announcing the winner, Tim and Stephen note that there are no losers here. Each of […]

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Paper Trading Challenge

It’s a big day for the SteadyTrade podcast …

We’re wrapping up the Paper Trading Challenge, and it’s time to see who hosts Tim Bohen and Stephen Johnson declare as champion!

While this episode is dedicated to announcing the winner, Tim and Stephen note that there are no losers here. Each of the six contestants gained something from the competition, especially more stock market knowledge.

And the final two contestants, in particular, report incredible growth in their trading prowess.

Tune into the episode for a recap of the Paper Trading Challenge and a detailed review of the final days of the competition with the last two contestants — Liz and Chris (aka “DJ”). Find out who takes the Challenge crown!

And if you would like to see another season of the Paper Trading Challenge — especially if you would like to audition to be a part of it — please click the following link and take a few minutes to fill out this brief survey:  Paper Trading Challenge Survey

Team Reviews

Stephen and Tim mentored the final two contestants, Liz and DJ, respectively. Here’s their overall take on their progress:

  • Liz: As Stephen notes, Liz is “relentless” in the pursuit of her goals. That’s a very helpful trait when taking on the stock market.

    Find out how Liz went from “a loser of a penny stock trader” with little knowledge to an absolute rising trader star. Her knowledge of indicators and market rules have grown exponentially. But can she rein in the gambling impulse that every trader wrestles with?
  • DJ: At the start of the competition, DJ had market experience but lacked focus. Through the course of the challenge, he dialed in and found discipline. He reports that his results went from random to reliable, as he focused on the setups that work best for him.
    Is he ready to take his newfound trading success to the real market? Listen to hear what Tim and Stephen think!

What Gives You Passion?

Before announcing the winner of the Paper Trading Challenge, Tim and Stephen discuss some of the key takeaways from the competition. One of the biggest is that you need to find a passion for the process. You need to cultivate a fascination with the mechanics of trading.

Stephen asks: “What makes you approach every day as an absolute beginner?” If you can find that spark, you’ll be ready to approach the market and eager to learn every day.

For the Challenge contestants, this competition seems to be just the thing to instill a sense of curiosity about trading. It helped them develop the discipline to take it to real-life trading.

Tim and Stephen also discuss the difference between a hobby and a passion — and the key difference when it comes to trading.  

The Final Phase of the Paper Trading Challenge

For the final month of the Challenge, the rules changed again: contestants started March with their February earnings.

Once the new rules were announced, Liz started scalping like crazy and started with $700K. DJ, on the other hand, ended with $1.6 million. They were also limited to 25 trades and the final tally was measured on winning percentage and the percentage the account grew.

Here’s how they stacked up:

  • DJ made 25 trades and was green on every single one.
  • Liz only made 9 trades. She was green on six.
  • DJ grew his account 77%
  • Liz grew her account by 49%

And the Winner Is …

So, who won the Paper Trading Challenge? Listen to the episode to find out! You’ll also get bonus commentary from both Liz and DJ about their final trades, including critiques from Tim and Stephen about what they got right and where they can improve.

Do You Want to Be in the Next Paper Trading Challenge?

If the SteadyTrade Podcast hosts another Paper Trading Challenge, are you interested in getting in on the action? Leave a comment below or on YouTube and let us know your thoughts and ideas for making it even better next time.

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

How much did you learn from this episode and the challenge? Be sure to leave an iTunes review!

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Trading with the Tims: Visiting NASDAQ https://www.steadytrade.com/ep-91-bohen-and-sykes-visit-nasdaq/ https://www.steadytrade.com/ep-91-bohen-and-sykes-visit-nasdaq/#respond Mon, 01 Apr 2019 13:00:23 +0000 https://www.steadytrade.com/?p=2052 Visting Nasdaq It’s show-and-tell time! Along with day-trading celeb Tim Sykes, SteadyTrade co-host Tim Bohen hit not just one but two huge trading milestones in recent memory: visiting  Nasdaq and presenting at TradersExpo in New York City. In today’s episode, both Tims come together to dish on the highlights of these incredible moments and to […]

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Visting Nasdaq

It’s show-and-tell time!

Along with day-trading celeb Tim Sykes, SteadyTrade co-host Tim Bohen hit not just one but two huge trading milestones in recent memory: visiting  Nasdaq and presenting at TradersExpo in New York City.

In today’s episode, both Tims come together to dish on the highlights of these incredible moments and to offer some invaluable trading tips.

Visiting Nasdaq

On March 12, Tim Bohen and Tim Sykes were invited to ring the closing bell at the Nasdaq in Times Square. It’s kinda like the Mecca for traders. Talk about a huge and exciting honor!

In the episode, you’ll learn more about how it went down, as well as their thoughts on the experience. You won’t want to miss the hilarious reasons why Sykes is glad that they rang the at Nasdaq instead NYSE!

TradersExpo

Nasdaq wasn’t the only big excitement in the Big Apple in mid-March …

TradersExpo is one of the biggest trading shows in the world, with multiple events in various cities throughout the year. This year, both Sykes and Bohen presented at the NYC conference and have plenty to share about their experiences.

Sykes even dishes the dirt on why he was banned from TradersExpo for over a decade and why he’s so glad to be back in the circuit.

You’ll also get the lowdown on Bohen’s take on the conference. The Tims also discuss why low-priced stocks are having a moment right now, including:

  • Easier entry. No bones about it: It can be super easy to dive into the world of trading low-priced stocks. All you need is a laptop, an internet connection, and a broker!
  • Momentum. Unlike trading blue-chip stocks, low-priced stocks can come with a high level of volatility that can translate into momentum. But beware! That volatility is a double-edged sword that makes this trading style riskier.
  • Get cozy with volatility. Scared of volatility? Learn how what’s inherent to low-priced stocks can actually be a great teacher for new traders. Newbies are smart to embrace it, as it can serve them well, regardless of which trading style they pursue.

The Tims also talk penny stocks: How they’ve changed over the years, how volatility has shifted, how long the runs can be, and how liquid the stocks are these days. There’s a reason why things have shifted from short-selling to long-selling penny stocks in recent years!

Tips from Tim Sykes

It’s always refreshing and inspiring to hear what’s new with Sykes, who’s forged an impressive career as a trader and teacher. In this episode, he shares what’s got him jazzed these days, including building schools in Bali and rebuilding the reefs with his charity Karmagawa.

And it wouldn’t be Sykes if he didn’t have some solid advice for traders of all levels, including:

  • Study the past. The past is vital to understanding how stocks might perform in the future. That’s why Sykes has 6,000 lessons in his video library. He’s constantly adding to the archives — so you can study the past and better prepare for the future.
  • Don’t trade if you don’t see your setups. You don’t have to trade every day. Really! But how do you spend your time between plays if they only come along every six weeks? Listen in for Sykes’ take.
  • It’s a marathon, not a sprint. Sykes explains the importance of taking the time to LEARN, like when to buy and when to sell. There are infinite things to learn in the stock market, so take a slow-but-steady approach.
  • Invest in yourself. If you focus on building your brain, mindset, and knowledge, you’re well on your way to learning how to be a self-sufficient trader. So invest in yourself AND your education! Build yourself to build your potential.

Got something to say?

Have a question or comment about the episode? Leave a comment below or on YouTube!

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

How much did you love this episode? Be sure to leave an iTunes review!

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Back to Basics: 7 Hot Stock Tips https://www.steadytrade.com/ep-90-back-to-basics-7-hot-stock-tips/ https://www.steadytrade.com/ep-90-back-to-basics-7-hot-stock-tips/#comments Mon, 25 Mar 2019 13:00:09 +0000 https://www.steadytrade.com/?p=2026 It’s that time again … hosts Tim Bohen and Stephen Johnson are offering up some key trading lessons in their monthly Back to Basics episode. This time, they’re discussing a recent topic from the StocksToTrade blog: 7 tips for trading low-priced stocks. In the episode, they cover important rules that traders simply can’t ignore and […]

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It’s that time again … hosts Tim Bohen and Stephen Johnson are offering up some key trading lessons in their monthly Back to Basics episode.

This time, they’re discussing a recent topic from the StocksToTrade blog: 7 tips for trading low-priced stocks.

In the episode, they cover important rules that traders simply can’t ignore and address common mistakes that can hold traders back. It’s relatable for traders of all levels, and as Tim notes, “Anyone who tells you they don’t make these mistakes is full of it. Run away from them!”

Here are some highlights:

  1. Look for chart patterns. Stephen recounts a recent news story of two children who’d gotten lost in the woods. A fireman found their footprints in the snow. By tracing their steps, he was able to deduce which way they’d headed, and the kids were ultimately found.

Stocks may not be lost children, but there’s a trading lesson here. You have to look at the past if you want to better gauge a stock’s direction. 

  1. Have a trading plan. Tim likens commencing a trade to starting a construction project.

You don’t just order some lumber and bricks, then start hammering and stacking and expect to build a beautiful house. You need a plan before you can lay a single brick.

The same goes for trading. You need to lay out a blueprint for every trade. Why are you in this stock? What’s your entry point, your target, and your stop? By predetermining things like this and outlining them before you trade, you’re far more likely to stay on track with your trades.

  1. Never use market orders. Even though the price of a stock might look good right now, if you execute a market order, the price could change extremely fast. The $6.90 per share you were hoping for could quickly turn to $6.95, thus limiting your profits.

If you’re playing low-priced volatile stocks, always use limit orders. This is where you set your price for buying a stock to execute the order. No excuses — do it every time!

  1. Don’t be afraid to walk away from cheap stocks. Cheap stocks are volatile, and things can go sour quickly. If a trade isn’t falling into your desired setup or range, just walk away.

Don’t change your plan, don’t get bit by FOMO. As Tim and Stephen both emphatically share, there will always be another stock. Stick to your plan, and if there isn’t a great play today or even tomorrow, there’ll be another in a few days.

  1. Limit your losses. Tim and Stephen dish on why it’s important to limit your losses. Instead of trying to think of making more, try to think of losing less. If you cut your losses even tighter, it can have a big effect on your bottom line and help keep your losses manageable.

They offer helpful tips on how to stick to a disciplined trading plan and limit your losses. You won’t want to miss this!

  1. Follow the news. Low-priced stocks can move very quickly, and often it’s due to a news item either directly related to the company in question or to the stock’s sector.

This means that if you want to be the early bird who catches the worm, you’ve got to keep up with the news. Tim and Stephen have helpful tips for staying on top of the tickers!

  1. Volume, volume, volume! Some traders only look at price, but it’s only part of the story. Volume matters too — big time.

If a stock has insufficient volume, that can mean that you’re unable to exit a stock position due to a lack of buyers. In the episode, you’ll learn key tips for what to look for in a stock’s volume.

Curious about something?

Do you have a question or comment about these tips? Leave a comment below or on YouTube!

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

How much did you love this episode? Be sure to leave an iTunes review!

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Tim Bohen’s Valentines Stock List Revisited https://www.steadytrade.com/ep-89-tim-bohens-valentines-stock-list-revisited/ https://www.steadytrade.com/ep-89-tim-bohens-valentines-stock-list-revisited/#comments Mon, 18 Mar 2019 13:00:33 +0000 https://www.steadytrade.com/?p=2015 Today’s show is a little different, featuring a time-capsule format. In the episode, host Tim Bohen shares some stock predictions he made in February and compares his theories for how the stocks would perform with how they actually performed in the month since. Listen in as Tim and co-host Stephen Johnson review the stock picks […]

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Today’s show is a little different, featuring a time-capsule format. In the episode, host Tim Bohen shares some stock predictions he made in February and compares his theories for how the stocks would perform with how they actually performed in the month since.

Listen in as Tim and co-host Stephen Johnson review the stock picks and critique what Tim got right and what he got wrong!

The Backstory

Last month on Valentine’s Day, when the world was focusing on love, Tim was missing Stephen during his Thailand trip.

Instead of crying into his beer, he put together a Valentine’s Day watchlist of stocks he loves and published it on StocksToTrade.com. Today, both hosts go through the list and review how the trades went, how they performed, and what happened.

Tim’s Valentine’s Day Watchlist Criteria

To narrow down his watchlist, Tim used one of his favorite scans from StocksToTrade Pro, where he performed a 52-week scan for stocks that were within 2% of the 52-week high. In looking for stocks that were hitting that level but hadn’t blown through it, he felt that he could find some strong contenders for trades.

So how did his theories stack up? Here are some highlights:

HYRE

Undoubtedly this was the sketchiest stock of the bunch, offered by a business with a kind of silly premise. This business offers people to rent out their cars to other people who can then drive for Uber or Lyft.  

Wary? So is Stephen, who says, “Would you really give up your car to some dirty man wearing sandals?”

After its IPO, the stock did nothing but fade. Then, in January, it broke out. Tim’s theory was that it would peak because while Uber and Lyft haven’t had their IPOs yet, this was a way to invest in that sector. Was he right? Listen to find out!

ZIXI

Zix Corporation is a company that provides email encryption services. Cool, but not necessarily a sexy sector.

As Tim saw it, it was a stock that was trending and had some hope. It hadn’t consolidated, so it could go either way. Was Tim spot on, or did he fall on his face with this one? Find out in the episode.

CRON

This is a true love stock of Tim’s for some time. The first weed stock listed on the Nasdaq, he spotted it in the $7 range, and now it’s in the $20s.

With so many weed stocks now on the big exchanges, could CRON continue to be a groundbreaker and make traders big money? In the episode, you’ll hear how the stock has performed since Tim made his watchlist.

SBUX

Tim had a ‘latte’ hope for the Starbucks stock. It had been going sideways, but then in February, it reached new 52-week highs. Earnings had just been released, the market was moving, and Howard Schultz had just announced he might run for president.

Tim posited that with all this news, many more buyers might be interested in SBUX simply because it was being mentioned so much, so he added it to the list. But did all those news bits actually boost the stock price?

ZYNG

Zynga Inc. is a social game developer and the maker of Farmville.

In Tim’s view, since online gaming is hot and there’s plenty of buzz in the sector, it had potential. It was an earnings winner and poised to potentially be a sympathy play, as many other gaming companies had broken out recently.

Tim thought it had potential, but did he get zinged by Zynga? Find out in the episode!

GRMN

Garmin, Inc is a company focusing on wearable tech. With 52-week highs happening, Tim saw it as being perhaps ready to break out. The popularity of other wearable tech, like the Fitbit and Apple Watch, only furthered his theory.

Be sure to listen to how this stock’s performance played out — you might be amazed by the huge difference in stock price between February and today!  

Got a Pressing Question?

Do you have a question or comment about the episode? Did you trade any of the stocks on Tim’s watchlist? Leave a comment below or on YouTube!

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

How much did you love this episode? Be sure to leave an iTunes review!

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Chart Patterns: The Gap and Crap https://www.steadytrade.com/ep-88-chart-patterns-the-gap-and-crap/ https://www.steadytrade.com/ep-88-chart-patterns-the-gap-and-crap/#comments Mon, 11 Mar 2019 13:00:08 +0000 https://www.steadytrade.com/?p=2004 What a long, strange trip it’s been! The SteadyTrade Paper Trading Challenge is in the home stretch, and today, host Stephen Johnson is trying to guide his remaining student Liz to victory! In the episode, Stephen guides Liz through some great new strategies to add to her repertoire. Traders will want to listen up as […]

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What a long, strange trip it’s been! The SteadyTrade Paper Trading Challenge is in the home stretch, and today, host Stephen Johnson is trying to guide his remaining student Liz to victory!

In the episode, Stephen guides Liz through some great new strategies to add to her repertoire. Traders will want to listen up as he explains two of his favorite patterns: the beloved gap and crap pattern and its companion, the gap and go pattern. Will these patterns help take Liz all the way to the winner’s circle?

Note: Don’t miss this episode on YouTube, because Stephen pulls up several charts to give an intensive overview of these valuable trading patterns!

New Month, New Rules

With a new month, there are new rules for the Challenge, and only 25 trades are permitted in March.

Unfortunately, this means trouble for Liz, who has come to rely mostly on scalping techniques to grow her paper trading account.

The key to her success has been making lots of trades with tiny profits that have accumulated to an impressive account size. But to get ahead with the new rules, she’ll have to change her strategy, because her trades are limited.

Luckily, Stephen’s got her back with some of his tried and true patterns.

Mind the Gap

Before you can understand either of the patterns introduced in the episode, you must know the meaning of the gap.

Nope: We’re not talking about a chain store selling khakis. In trading, an overnight gap measures the difference between yesterday’s market closing price and today’s opening price.

A stock is considered a “gapper” when it gaps up from the previous day’s closing price. Often, this happens in the pre-market hours. When a stock gaps like this, it can create opportunities for traders.

Gapping Patterns for Traders

Follow along as Stephen introduces Liz to two patterns that she (and you!) can take advantage of: the gap and crap pattern and the gap and go pattern.

In either case, the stock has gapped up from the previous day’s close. However, it could go in one of two directions.

With the gap and crap pattern, the idea is that the stock won’t hold its spike and will go down rapidly when the market opens. While the spike may entice many traders to buy in, the ascent is unsustainable and the stock’s price will likely crash and burn. As Liz puts it, this type of stock “needs a diaper”!

With the gap and go pattern, the idea is that the stock will continue its ascent and the price will continue to go up once the market bell rings.

Stephen offers up several chart examples of each pattern to help both Liz and listeners understand how to identify them.

Making the Most of These Patterns

In the episode, Stephen and Liz how to make the most of these patterns, including tips such as:

  • Don’t get short premarket. Or if you must, go small. Stephen can say this from experience: he’s literally lost thousands by going too big!
  • Build a strong case. If you want to trade these patterns, you still have to make a strong case for the trade. Learn about what to look for in daily and intraday charts, and how to read into a double top to make a case for your trade.
  • Entry and exit points. Timing is everything when it comes to these patterns. In the episode, Stephen offers great tips for how to determine the most intelligent entry and exit points.
  • When to go short versus long. Stephen and Liz also talk about how to discern opportunities that are better to go long, and those that are better to go short, including what indicators to look at, and what sort of information you should look for in the news and in SEC filings.

Curious about something?

Do you have a question or comment about something from the episode or trading at large? Leave a comment below, or on YouTube!

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

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

Be sure to bookmark the nasdaq trade halt codes Tim Bohen mentioned at the beginning of the video! https://www.nasdaqtrader.com/Trader.aspx?id=tradehaltcodes

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Wolf and Huddie https://www.steadytrade.com/wolf-and-huddie/ https://www.steadytrade.com/wolf-and-huddie/#comments Mon, 04 Mar 2019 15:00:28 +0000 https://www.steadytrade.com/?p=1970 Today’s episode features the return of two of SteadyTrade’s favorite traders: Roland Wolf and Mike Huddie. Both traders have been featured on the show separately, and they remain some of our most popular episodes. Now, these twin quasars of trading genius have joined forces, and are working on educational content designed to help new traders […]

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Today’s episode features the return of two of SteadyTrade’s favorite traders: Roland Wolf and Mike Huddie.

Both traders have been featured on the show separately, and they remain some of our most popular episodes.

Now, these twin quasars of trading genius have joined forces, and are working on educational content designed to help new traders flourish.

In the episode, both traders speak with host Tim Bohen about finding trading success while maintaining a work-life balance, their new video, what’s exciting them in the trading world right now, and what strategies are working for them these days.

But First, This Week in SteadyTrade

Before kicking off the episode, Tim Bohen offers up some invaluable tips on an important topic: identifying hot sectors.

You’ll learn how he found success as a part-time trader by trading on trends, and how you can take advantage of this technique, too!

Kicking It With Roland Wolf and Mike Huddie

In today’s episode, Tim talks all things trading with Roland and Huddie.

Both successful traders in their own right, when they connected at Tim Sykes’ Orlando trading conference, creative magic happened.

While they both have very different styles of trading, they quickly realized that they could learn a lot from each other, and began collaborating on educational projects.

One of the most exciting collaborations? An upcoming tour of trading Boot Camps, where both traders will conduct group trading lessons in a variety of cities.  

Live Trading Boot Camp with Roland Wolf and Mike Huddie

Trading can be a solitary profession, and it can be hard to stay motivated.

Finding partnerships, accountability partners, and peers can have a huge amount of value for traders. It can help them stay inspired in addition to teaching them new tricks and techniques.

Live trading, in particular, can be a great way to learn by doing, because it helps make certain concepts click in a way that would take far longer than reading lessons in a book or watching a video.

Trading Tips from Roland Wolf and Mike Huddie

In the episode, you’ll also gain some great insight from these master traders, including …

Work-life balance: All work and no play makes traders a dull bunch.

In the episode, they discuss some of their tips for maintaining a healthy work-life balance, including the benefits of waking up early (especially if you’re on the West coast), and how to remain sane in the sometimes stressful world of day trading.

They both talk about their journey to going full time in trading, and the need for work-life balance that comes with that.  

They also offer tips for the part-time trader, including maintaining your cool in the face of PDT and how to maintain a regular schedule.

Being adaptable as a trader: Both Roland and Huddie talk about what is working for them as traders, and also some of the techniques that they’ve had to put to rest.

Both traders have experienced some ups and downs in recent months and years, and part of what motivated them to create their Boot Camp series was the idea that even seasoned traders need to go back to basics every now and again.

For example, you’ll learn how Huddie struggled with thinking he was “king of the hill” as a trader and how this complacency landed him in some hot water — but how he’s emerged from it and learned from the experience.

Patience is a virtue: FOMO is common in trading and can pose a very real problem for traders, making them go for trades that result in losses.

Both traders offer tips for how to remain patient and wait for the perfect setup. How can you begin to maximize profits and ditch the “nail and bail” mentality?

For instance, how about working with reverse splits? You’ll learn about some of the ways to take advantage of this phenomenon, as a lot of recent supernovas (a common chart pattern) have directly followed reverse splits.  

What’s working now: Both Roland and Huddie dish on what methods are working for them now, including their sweetheart setups and working with short selling reverse splits.

Follow their trades on Profit.ly!

Got Questions?

Do you have a question or comment? Leave a comment below, or on YouTube!

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

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


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Back to Basics: SEC Filings with Michael Goode https://www.steadytrade.com/ep-86-back-to-basics-sec-filings-with-michael-goode/ https://www.steadytrade.com/ep-86-back-to-basics-sec-filings-with-michael-goode/#comments Mon, 25 Feb 2019 15:00:16 +0000 https://www.steadytrade.com/?p=1705 Do profit, loss, and balance sheets get your engine revving? If so, you’re in luck. Today, SteadyTrade tackles what might be our sexiest topic yet: How to read SEC filings. Joking aside, SEC filings are anything but alluring. Actually, they can be downright boring. But by learning how to read them, you can gain better […]

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Do profit, loss, and balance sheets get your engine revving? If so, you’re in luck. Today, SteadyTrade tackles what might be our sexiest topic yet: How to read SEC filings.

Joking aside, SEC filings are anything but alluring. Actually, they can be downright boring. But by learning how to read them, you can gain better insight about the companies behind the you’re considering trading. This can help you make more informed, intelligent trades, which definitely is sexy.

In the episode, host Tim Bohen talks all things SEC filing with trading superstar Michael Goode. Whether you’re a new trader or an established one, you’ll pick up valuable tips in this episode that can help you refine your trading techniques.

But First, a Listener Question

Before getting to the meat of the episode, hosts Tim and Stephen answer some listener mail. This week’s question: Is the market oversaturated with traders?

True, there are more penny stock day traders than ever. This means there’s a lot more volume and a lot more volatility. Does this mean it’s harder now than ever to find success as a trader? You may be surprised by the answer!

SEC Filings 101

Every trader has his or her own methods of doing stock research. However, no matter what your style, it’s important to do well-rounded research that includes evaluating price action, charts, and fundamentals.

The problem is, many traders prefer to bypass the nitty gritty and trade based on news alone.

Unfortunately, this can be problematic as it doesn’t tell you the full story, and press releases tend to put a positive spin on everything, even if the company is actually ailing.

SEC filings, most notably earnings reports, can give you a more factual look at the company in question.

Why Do SEC Filings Matter?

What are SEC filings, and why should a low-priced stock trader care?

As Tim is fond of saying, when it comes to trades, you need to “build your case.” The fact is, if you get too bullish or bearish based on news alone, things can (and often will) go wrong. So instead of believing the hype, it’s important to look at the numbers, too.

SEC filings may be totally dry, but if they can help improve your trading know-how, they’re worth your time.

Michael Goode, who you may remember from Episode 38, knows a thing or two about the topic he released the comprehensive 10-hour DVD Read SEC Filings.

In the episode, you’ll learn:

What filings should you look at? There are many different reports that publicly listed companies are obligated to release to the public per the SEC. Michael explains which reports you should look for, including 10-Q quarterly reports and 10-K yearly reports, and 8-K reports, which divulge notable news, as well as where to find them.

What should you look for in the report? Michael helps you navigate earnings reports, offering up tips for reading between the lines and what information you should be looking for. Hint: it’s not just about their profits or lack thereof!

What does insider buying and selling mean? If a bigwig in the company is selling shares, is that a bad sign? Maybe, maybe not. It could be that he or she is just paying their taxes or buying a yacht. Learn what to look for that could alert you that there’s trouble ahead.

What about warrants? Stock warrants and options are an important thing that Michael looks at when reviewing a stock. Learn why, and how this data relates to the earnings reports.

Are there any offerings on the horizon? An offering is when a company sells shares to raise money. This is normal; sometimes companies need to do it to keep the lights on. However, it can potentially have a diluting effect.  

In the episode, you’ll learn how to sniff out potential stock dilution on the horizon. This is important because it throws off the supply and demand for the stock and can cause big price swings.

Have Something to Ask?

Do you have a question or comment on the episode or on a trading-related topic? Drop it in the comments below, or on YouTube!

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

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

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And Then There Were Three https://www.steadytrade.com/ep-85-and-then-there-were-three/ https://www.steadytrade.com/ep-85-and-then-there-were-three/#comments Mon, 18 Feb 2019 15:00:28 +0000 https://www.steadytrade.com/?p=1683 Help us improve the podcast! Take our 2-minute BACK TO BASICS survey here: https://www.proprofs.com/survey/t/?title=kk8oz Oh, what a wild ride it’s been. When the Steady Trade Paper Trading Challenge started, we had six promising contestants. There have been ups and downs, good mentor meetings and bad ones, and yeah, ok, a few skipped ones. It’s been […]

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Help us improve the podcast! Take our 2-minute BACK TO BASICS survey here: https://www.proprofs.com/survey/t/?title=kk8oz

Oh, what a wild ride it’s been. When the Steady Trade Paper Trading Challenge started, we had six promising contestants. There have been ups and downs, good mentor meetings and bad ones, and yeah, ok, a few skipped ones.

It’s been an ambitious and enlightening project, and the first time the podcast has attempted a live trading challenge with members.

Now, the competition has dwindled down to just three contestants: Jude, Chris (aka “DJ”), and Liz. How are they faring?

Here’s what’s going on with the crew:

Spoiler: this will be Jude’s final installment in the Paper Trading Challenge! She’s got a big trip to Mexico coming up and has chosen to resign. So today’s episode will be part update and part exit interview. What has Jude learned?


Jude:

When the Challenge began, Jude felt that she had “no idea” what she was doing. Happily, she no longer feels that way.

Jude shares several of her biggest challenges and realizations throughout the Challenge, including difficulties with stopping out under the PDT.

Traders with small accounts: listen up! Tim cautions how the PDT can actually bring out the worst in traders, forcing them to make bad decisions because they don’t want to use up their valuable (and limited) day trades. This is a common and very real problem.

Jude loves to “chase the sparkly runners in the morning” but still needs a little help. Tim and Stephen offer suggestions for helping Jude further refine her strategy, targeting red to green moves in the morning and morning runners with specific indicators.

Ultimately, the Challenge has helped Jude focus, and she’s become more disciplined about waiting for a setup to meet her standards. She’s faced a lot of trial and error, but has found it easier to be profitable overall. With practice, it all started to click.


Chris (AKA “DJ”):

Chris has had a good month, and a good time overall in the Paper Trading Challenge so far. Tim and Stephen are impressed by his focus and how he’s applied himself to a few key patterns.

Right now, Chris’s key patterns are the overextended gap down and shorting into volume blocks. Those have been working very well for him, and he’s sharing his secrets: Check out his YouTube channel to follow and track his every trade!  

Along with the crew, Chris talks about red-green patterns, the importance of being nimble as a trader, and when to switch from a short to long position.

You’ll want to listen to what Chris has to say — after all, his paper trading profits are over $36K!

Liz:

She feels like trading is a video game where every level gets increasingly harder. She’s now at “SEC Filings: What the Hell is That?”

Liz is breaking into a new level of trading, but finding that things are getting, well, hard. When things get hard, she’s tempted to return to her go-to method of trading: scalping.

Liz really loves scalping, which she calls “meditative”. She likes a stock that moves within a range and bounces. She’ll do things like buy a boatload of shares of a low-priced stock at the ask, then try to sell fairly immediately at the bid. Obviously something about it works: she’s up $225K in the Paper Trading Challenge!

The problem here is that it’s not a long-term strategy. As Tim and Stephen both warn: It’s the type of trading method that works … until it doesn’t. And when it doesn’t, you could blow up your entire account!

They talk about how viable a strategy this is in the real world and with real money. You’ll learn about the problems with scalping, including how things like slippage and timing can affect the fill orders.

Ultimately, it’s still important to have the knowledge of the long-term stock performance. And with scalping, your discipline must be razor sharp.

Got Questions or Comments?

Do you have a question or comment on the episode? Drop it in the comments below, or on YouTube!

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

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

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Support and Resistance https://www.steadytrade.com/ep-84-support-and-resistance/ https://www.steadytrade.com/ep-84-support-and-resistance/#comments Mon, 11 Feb 2019 15:00:38 +0000 https://www.steadytrade.com/?p=1673 Help us improve the podcast! Take our 2-minute BACK TO BASICS survey here: https://www.proprofs.com/survey/t/?title=kk8oz Ep 84: Support and Resistance What are support and resistance … and why do they matter in the stock market? We’ve received multiple requests for an episode on support and resistance, and today’s the day Tim Bohen and Stephen Johnson tackle this […]

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Help us improve the podcast! Take our 2-minute BACK TO BASICS survey here: https://www.proprofs.com/survey/t/?title=kk8oz

Ep 84: Support and Resistance

What are support and resistance … and why do they matter in the stock market?

We’ve received multiple requests for an episode on support and resistance, and today’s the day Tim Bohen and Stephen Johnson tackle this important topic.

You’ll gain insight via discussion, suggestions, and historical examples with charts. Since parts of the conversation are more visual, this is a great episode to check out on YouTube so you can see the specific chart examples.

But First, a Word on Trader Burnout

Before getting into support and resistance, Tim and Stephen have a conversation about another important topic: trader burnout. The struggle is real, and Stephen has been experiencing it lately.

This can feel like a curse in trading, but as a part-time trader, there’s a silver lining. As Tim points out, trading part time can actually be very beneficial, because the beauty of day trading is that you don’t have to be there every single day. Every trader needs to hear this!

Support and resistance: What’s the Deal?

In case you’re not familiar with these terms, a brief primer:

Support is the price level on a chart where downtrending stocks tend to pause, not dipping below. This is because there’s a certain level of demand that keeps the stock price from going below.

Resistance, on the other hand, is the price level where stocks tend to hit their head on the ceiling. This is because a certain amount of sellers keep it from going above that line.

In essence, these support and resistance lines are like the floor and ceiling that the stock is bouncing up against. But sometimes, it will break through one of these levels, and this is where traders can potentially find great opportunities.

How to Use Support and Resistance to Your Advantage

As a trader, how can you use support and resistance to inform potential trades?

Tim and Stephen illustrate how support and resistance can be used with a recent example of a stock that challenged many a trader’s psychology recently and had everyone “losing their minds.” Is it one that you were chasing?

Tim and Stephen discuss how support and resistance can tell traders a lot about a potential play, including what it means when a stock’s price is re-breaking key levels, and how to determine if it’s a classic multi-week breakout pattern.

In viewing the chart and listening to the discussion, you’ll get an education on how to take support and resistance into account when considering whether or not to take a position.

Support and Resistance: Important Considerations

In the episode, Tim and Stephen also offer some helpful tips on how to apply your newfound knowledge of support and resistance, including:

What chart should you look at? While Tim typically sticks with a 1-year chart, there are times when you need to go back further and evaluate more of the stock’s past performance.  

Stephen talks about the benefits of using the intraday chart and what to look at when a stock is breaking new levels. You’ll learn how to compare short term and long term results to get a bigger picture of what the stock might do in the future.  

Beware high-float runners: If a stock has a huge float, you don’t want to hold your breath waiting for any big moves.

It takes so much power and so many buyers to move a high float stock’s price that it’s like rolling a rock up a steep hill. Unless it’s clear that the stock is breaking new levels, there may not be enough momentum to push through the long-established support and resistance.

Volume matters: It’s important to take volume into account when looking at potential breakouts. How much volume is there, and how much volume is being consistently held?

Just because a stock has good volume now doesn’t mean it will always be the case. You’ll learn why it’s a good idea to look back at the volume during any past spikes with a stock, and what traders can infer from high or low volume.

Is it a clean chart? How can you tell if a stock is a breakout versus one that’s going to spike then fail? Tim and Stephen explain the difference and offer some helpful tips for figuring out which scenario is unfolding, including looking for strong news catalysts and more.

Got Something to Say?

Do you have a question or comment on the episode? Drop it in the comments below, or on YouTube!

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

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

 

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Back to Basics: Key Indicators https://www.steadytrade.com/ep-83-key-indicators/ https://www.steadytrade.com/ep-83-key-indicators/#comments Mon, 04 Feb 2019 15:00:20 +0000 https://www.steadytrade.com/?p=1660 Help us improve the podcast! Take our 2-minute BACK TO BASICS survey here: https://www.proprofs.com/survey/t/?title=kk8oz It’s time for another installment of Back to the Basics! This is a monthly feature where the SteadyTrade Team explores the basics of trading, including explanations of common techniques and helpful advice for traders of all levels. Stephen Johnson couldn’t be part […]

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Help us improve the podcast! Take our 2-minute BACK TO BASICS survey here: https://www.proprofs.com/survey/t/?title=kk8oz

It’s time for another installment of Back to the Basics! This is a monthly feature where the SteadyTrade Team explores the basics of trading, including explanations of common techniques and helpful advice for traders of all levels.

Stephen Johnson couldn’t be part of today’s episode, so Tim Bohen has a special guest: producer Glenn, whose voice will be familiar to podcast listeners.

Together, Tim and Glenn answer listener questions and reveal plenty of trading secrets that can help you hone your skills.

Ask Questions, Win Prizes!

Are you interested in submitting a question to be answered in a future Back to the Basics episode? If your question is chosen to answer on-air, we’ll send you a mystery box full of trading goodies like t-shirts, trading journals, and more. To get the ball rolling, click on the “submit your audio” portion of our website!

Tim’s Trading Tips

In the episode, Tim addresses some of your trading questions with a little help from Glenn, including:

“I know you guys are big on tracking data. Can you explain what we need to track — green day, etc. — and how do you interpret the data?” – from Marcus C.

According to Tim, tracking data is one of the biggest reasons why keeping a trading journal is so helpful. He brings up an example of his own journal and talks about what to track, including the obvious things (the ticker, etc.) but more so, the why.

Among Tim’s advanced tips for tracking? Name your setup so that you can refer back to it in your notes, keep track of the technical indicators you used, and always note the previous day’s close.

You might even want to follow Tim’s method of saving “binders full of charts!”

“How do you make an entry for longs? Put in your position before it spikes, or after — and how do you know?” – from Scott

Scott’s question brings up a great point: How to create an effective trading strategy when you’re only trading part-time.

Tim goes through an example with a high-a-day and explains some of the best ways to catch those big moves.

He talks about a stop limit order and how it can be a great tool, especially for part-time traders who might not be able to be chained to their trading monitor all day.

In case you’re not familiar, a stop limit order effectively sets up criteria including a stop price that activates your limit order.

Say you set a stop limit order where a stock reclaims a high. This could kick off your limit order, which will be executed when it reaches a set price.

It’s sort of like an “if…then” statement. It’s a great way to take advantage of moves if you’re not around. Learn more in the episode about how to make the most of this helpful tool!

“Can you talk about indicators to help with trading?” – from Lorenza P.

There are more indicators out there than any trader could possibly know what to do with. Does this mean that you need to learn them all?

Not necessarily. Tim talks about how for new traders, it’s less about mastering every indicator and more about mastering a key few.

He talks about some of the key indicators for new traders to look at and why, including the 52-week high (most) and low, the previous day close, new highs, VWAP above and below, and volume.

“How do you play off daily support and resistance levels?” – from Blaine B.

According to Tim, you should never make a trade without looking at the daily chart.

To illustrate, he gives an example of a crazy growth stock and discusses strategies for working with support and resistance.

You’ll learn about the obstacles you’ll need to contend with, including bag holders and how they can mess up your strategy. You’ll also learn why you need to avoid long-term downtrending charts and the surprising reason why the one year–one day chart is your best friend as a trader!

Got Questions?

Do you have a suggestion for a topic for an upcoming “Back to the Basics” episode? Drop it in the comments below, or on YouTube!

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

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

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Team Bohen and the Lost Listener Mailbag https://www.steadytrade.com/ep-82-team-bohen-and-the-lost-listener-mailbag/ https://www.steadytrade.com/ep-82-team-bohen-and-the-lost-listener-mailbag/#respond Mon, 28 Jan 2019 15:00:36 +0000 https://www.steadytrade.com/?p=1649 Ep 82: Team Bohen and the Lost Listener Mailbag It’s your lucky day, because today’s episode is like a two-for-one extravaganza. Hey, we live to give. First, you’ll get an update from Team Bohen on the SteadyTrade Paper Trading Challenge. How is Tim’s team stacking up to Stephen Johnson’s team? Second, an unexpected surprise. The […]

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Ep 82: Team Bohen and the Lost Listener Mailbag

It’s your lucky day, because today’s episode is like a two-for-one extravaganza. Hey, we live to give.

First, you’ll get an update from Team Bohen on the SteadyTrade Paper Trading Challenge. How is Tim’s team stacking up to Stephen Johnson’s team?

Second, an unexpected surprise. The SteadyTrade team has unearthed a hidden treasure: several listener questions that were thought to be lost during a computer crash. Listen up to hear Tim and Stephen’s answers to your trading questions!

Note: Be sure to check out this video on YouTube to see all the charting action discussed with Team Bohen!

Help us improve the podcast! Take our 2-minute BACK TO BASICS survey here: https://www.proprofs.com/survey/t/?title=kk8oz

Team Bohen Update

The December doldrums are done, and we’re back into low float mania in January, with several 200-300 percent runners. There are opportunities in the market for sure. So how is the team faring? Here’s a quick update:

DJ: It’s been a great month of growth for DJ. He made $1,800 right away, and quickly got himself over the PDT.

He explains how he made it on shorts with an overextended gap down (something that has been running or had a big day before and you see it’s gapping down the next morning). You’ll learn how he got the hang of this “Tim Grittani-style specialty” and profited handsomely.

Note: You can check out his trading updates on YouTube!

Cara: For the first two weeks of January, she didn’t trade at all, but talks about the trades that she did finally take after her watchful waiting. Were they worth it?

This leads to a conversation about the benefits of embracing the flexibility of trading. Should traders be active at all times? Tim and Stephen weigh in.

Lost Listener Mailbag

The second half of the episode offers up a special treat: listener questions! Long story, but a Q&A session we thought we’d lost was found, and you won’t want to miss Tim and Stephen’s replies to your most pressing trading questions, including:

What are warrants and offerings … and why do they matter? Tim and Stephen offer up a helpful primer on warrants and offerings and what they mean for traders. Should they be part of your strategy?

Tim offers cautions for why you can’t always trust warrants offered at discount, and offers advice for when it’s unwise to get too bearish too soon. You’ll also find out how to figure out if there are outstanding warrants!

When it comes to swing trading, what do you look for in a chart setup that makes for a good swing trade? It’s hard to find a perfect-without-a-doubt setup in trading. Rather, you need to build a strong case for your trade in the face of so many unknowns.

Tim explains what he looks for in a great swing trade, including earnings wins, 52-week highs, breaking out on the intraday chart, and hot sectors.

Can you give advice about how to get into positions that will grow your account and improve your trading? Tim and Stephen address the common phenomenon of FOMO among new traders, and how it’s so important to keep your focus very narrow, especially when you’re first starting out.

How can I improve an overnight gap-up strategy with charts and Level 2 quotes? This trader has been working with an overnight gap-up strategy in the morning with stocks that spiked up the day prior, hold highs, gain momentum toward closing, and go up after-market.

However, trades haven’t been going his way, and he wants advice on how to better know how a stock might perform. As Tim says, “You can’t know anything in the markets, all you can do is manage your risk”. So how to manage that risk?

Tim and Stephen offer up different tips, like asking yourself: How strong the catalyst? How big is the breakout? How many shorts are underwater?

Got a Question?

Do you have a question for Tim and Stephen? Leave a comment below, or via YouTube or the blog. We want to hear from you!

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for new episodes every week, featuring the hottest topics for aspiring traders!

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

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Team Jonks Update https://www.steadytrade.com/ep-81-team-jonks-update/ https://www.steadytrade.com/ep-81-team-jonks-update/#comments Mon, 21 Jan 2019 15:00:12 +0000 https://www.steadytrade.com/?p=1587 Ep 81: Team Jonks Update – Conviction in Paper Trading It’s time for your monthly update on The SteadyTrade Paper Trading Challenge. This week’s episode focuses on Stephen Johnson’s team, which has dwindled from three to two since last month’s dismissal of the first contestant from the Challenge. This month, every trader’s virtual balance for […]

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Ep 81: Team Jonks Update – Conviction in Paper Trading

It’s time for your monthly update on The SteadyTrade Paper Trading Challenge.

This week’s episode focuses on Stephen Johnson’s team, which has dwindled from three to two since last month’s dismissal of the first contestant from the Challenge.

This month, every trader’s virtual balance for paper trading was lowered to well below the PDT. So how are Liz and Jude doing?

For the first time in the Challenge, both Stephen and co-host Tim Bohen meet with the contestants, offering praise, commentary, and a little constructive criticism.  

Note: Don’t miss this episode on YouTube! While evaluating the contestants’ trades, Stephen and Tim show plenty of charts and data that will help traders understand the concepts and principles discussed in the episode.  

Spoiler: They Hate the PDT

Both Liz and Jude are having trouble contending with the PDT. Short for pattern day trading rule, this is a FINRA rule stipulating that day traders who have an account of $25,000 or under are limited in how many day trades they can execute within a rolling five-day period.

Many traders with small accounts have a love/hate relationship with this rule.

On one hand, Stephen argues that it forces traders to only commit to trades that they feel really, really good about.

On the other hand, as Tim puts it, “the road to hell is paved with good intentions.” While the rule was ostensibly put into place to protect traders, he argues that it can also lock them into unwanted positions and cause a lot of stress.

Team Jonk’s Updates

Jude:

Currently, Jude is $400 in the green. But she’s admittedly having trouble. For one, she’s having difficulty establishing a reasonable schedule.

Being located in Canada and on the West Coast, she’s three hours behind the market, so her trading day starts very, very early. She’s concerned that even if she’s able to wake up at 5 a.m. to prepare herself, she’s still not mentally ready to trade in the wee hours.

West Coast traders and night owls should listen up: Tim and Stephen offer their thoughts on how to time trades when you can’t (or don’t want to) trade first thing.

Is it best for new traders to do most of their trading later in the day? Or is it better to try to wake up early?  

Trade-wise, Jude is doing a lot right with choosing great stocks. She’s great at cutting losses quickly. But is she cutting her profits too quickly, too?

Stephen and Tim pull up the charts and offer critiques on Jude’s recent trades, discussing what she did right and wrong. Be sure to check them out on YouTube!

Liz:

She’s flipped upside down from the last update, and her account is over $18K at the moment!

Nonetheless, Liz is also struggling with the PDT rule. It’s cramping her mad style as she tries to make shorting moves to take advantage of the January effect.

Rather than letting it get to her, though, Liz is making use of her time. She’s studying a lot, and offers up her favorite webinar and video resources as of late.

Stephen and Tim are both impressed with Liz’s “nice bounce” but worry that she’s being too cavalier. Could she be playing paper trading like a game rather than learning how to deal with real money in trades?

They both offer analysis on Liz’s most recent progress, including offering feedback on why she (and you, dear listener) should always be looking at the daily chart rather than hyper-analyzing 1–2-minute moves.

Liz has also been struggling to find success with short selling. Should you wait for the bottom to break or wait for resistance? Where’s the wiggle-room zone?

The team discusses, and as Stephen sums it up, “You can never, ever guess what’s going to happen in the stock market. All you can do is put yourself in the best probable situation.”

Got a Question?

Do you have a question about the Paper Trading Challenge? Drop it in the comments below, or on YouTube or the blog.  

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

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

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Back to the Basics: Motivation https://www.steadytrade.com/episode-80-back-to-basics-motivation/ https://www.steadytrade.com/episode-80-back-to-basics-motivation/#comments Mon, 14 Jan 2019 15:00:31 +0000 https://www.steadytrade.com/?p=1572 Episode 80: Back to the Basics – Motivation FILL OUT OUR NEW SURVEY HERE: https://www.proprofs.com/survey/t/?title=kk8oz New year, new you! The beginning of a new year offers the promise of self-improvement in the year ahead, and the SteadyTrade Podcast wants to help make it your best trading year yet. This episode is the first in what […]

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Episode 80: Back to the Basics – Motivation

FILL OUT OUR NEW SURVEY HERE:

https://www.proprofs.com/survey/t/?title=kk8oz

New year, new you! The beginning of a new year offers the promise of self-improvement in the year ahead, and the SteadyTrade Podcast wants to help make it your best trading year yet.

This episode is the first in what will be a monthly series for the podcast: Back To the Basics.

Some of our listeners have expressed an interest in reviewing some of the basics of trading, and we’re listening.

Every month, hosts Tim Bohen and Stephen Johnson will review some basic concepts to help you maintain a strong trading foundation. This feature is perfect for new traders, and even seasoned traders will benefit from a refresher.

Today’s Theme: Motivation

Today, Tim and Stephen address a topic that’s timely at the beginning of a new year: motivation.

Self-improvement is on many people’s minds right now. While this is a great thing, it can be hard to work up and maintain the motivation necessary to really make positive changes. In the episode, they cover a variety of topics relevant to staying motivated as a trader, including:

  • Recognize that it’s hard. Tim concedes that short selling penny stocks used to be a lot easier because it used to be a smaller niche that few traders knew about.

With a rise in popularity of using this method of trading, there have been some positive changes, like it’s easier to find borrows. However, the competition is greater, and this can make trading more challenging.

This shouldn’t be a deterrent, however. Rather, traders can use this to their advantage to stay motivated to study hard and gain an edge in the market through greater education!

  • Social media lies. Most of us are aware that social media platforms like Facebook are like a “best-of” reel of people’s lives. But did you know that the same phenomenon happens in the trading world?

It can be tempting to believe traders who claim that their methods never fail, or to follow whatever the hottest trader on Twitter has to say about a stock. However, it’s important to know that social media only tells part of the story.

Tim and Stephen talk about striking the right balance with following social media, using it as an invaluable resource for information and leads, but never letting it discourage you or sway you into trading decisions that are not your own.

  • Look at where you can improve. As Stephen admits, in the past year, a big contributing factor to his trading losses was that he “aimlessly went with things.” He didn’t have a plan, and he didn’t have a targeted strategy.

As Stephen explains he’s learned, it’s important to have a 5-year plan, a 1-year plan, and then to break it down into 1-month plans. From there, you can review and see if you achieved what you needed to.

A trading diary is key here. By keeping track of what you do on a daily basis, you can revisit your notes and continue to improve.   

  • Beware FOMO. Be calm. Chill out. Those should be your mantras when it comes to trading, according to Tim and Stephen.

Many traders are guilty of making rash moves in the heat of the moment. Tim and Stephen talk about certain predictable phenomena with stocks that occur during different times of day that can help you remain calm in the face of temptation.

You’ll learn why when most traders are salivating about a hot play, it’s usually the perfect time to exercise restraint.

  • Make rules and stick to them. Stephen talks about how one of his problems is actually sticking to the rules he knows he should stick to. Most mistakes that traders make are the result of breaking their trading plan.

You know what to do, and you know how much it can hurt to break them. Let your own trading plan act as a source of motivation and accountability!

Tim’s Motivation Homework

Tim wants Stephen (and you, dear listener) to do this: Every day, commit to watching at least 5 minutes worth of video lessons on discipline from David Goggins or Jocko Willink. It just might change your life!

Got a suggestion?

Do you have a suggestion for a topic for an upcoming “Back To the Basics” episode? Drop it in the comments below, or on YouTube or the blog! Or better yet, fill out our NEW SURVEY here:

https://www.proprofs.com/survey/t/?title=kk8oz

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

Want to try StocksToTrade for a week? Stephen and Tim use this platform to scan the market for trades every day– try it out here!

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

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2018 in Review https://www.steadytrade.com/ep-79-2018-in-review/ https://www.steadytrade.com/ep-79-2018-in-review/#comments Mon, 07 Jan 2019 15:00:48 +0000 https://www.steadytrade.com/?p=1562 Episode 79: 2018 in Review It was the best of times; it was the worst of times. 2018 was a year of many market climates that definitely kept traders on their toes. In today’s episode, hosts Tim Bohen and Stephen Johnson offer up their year in review. How did they remember what happened? Tim makes […]

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Episode 79: 2018 in Review

It was the best of times; it was the worst of times.

2018 was a year of many market climates that definitely kept traders on their toes. In today’s episode, hosts Tim Bohen and Stephen Johnson offer up their year in review.

How did they remember what happened? Tim makes trading notes every single day of the year on EverNote, which made it easy to look back and easily identify the year’s big events as they unfolded.

This type of trading journal is an invaluable tool for traders of all levels: By looking to the past, you can gain a better idea of what might happen in the future.

From cryptocurrency mania to low float fever to hot weed stocks, here’s what was going on in the market — and on SteadyTrade — all year long.  

The First Quarter

In January, there was a big uptick in bitcoin. Blockchains were one of the hottest tickets early on in the year, when seemingly everybody wanted to find a way to get in on the crypto action.

Then, in February, bitcoin mania began to die down, and it was all about earnings winners.

The market was still making new highs, and $10–15 stocks were making massive 30%+ moves. Tim and Stephen talk about identifying a trend like this, and how to work it to your trading advantage.

Later on, a steel tariff brought on some decent trades, but March brought a fairly lackluster and quiet ending to the quarter.

The Second Quarter

In April, stocks began to run. Tim and Stephen discuss what sectors were moving and why, including a critique of one particular stock that got the best of both buyers and short sellers alike.

Higher priced social media related stocks were in play bigtime during Q2. Tim and Stephen offer can’t-be-missed tips on how even traders with small accounts can get in on stocks in this sector, even if they tend to be higher priced. (Hint: it’s all about timing!)

June brought a lot of low float stocks. In the episode, you’ll learn tips and tricks for how to make the most of low floaters, which can make for dangerous trades at times.

The Third Quarter

As Q2 faded into Q3, “everyone” was going short on stocks that were squeezing multiple times throughout the day.

Tim and Stephen dish on why it’s important to be OK with cutting losses, and how to avoid becoming part of the “trader graveyard” of novices whose accounts blow up in these scenarios.

August was downright boring, but it did mark the one-year anniversary of SteadyTrade!

In September, though, things began to heat up with the legalization of pot in Canada on the horizon.

The Fourth Quarter

Weed stock mania! Weed stocks were the biggest sector by far during the latter months of the year, with stocks gaining huge percentages in very short periods of time. These stocks made some traders very wealthy!

In October, Tim and Stephen enjoyed a big SteadyTrade milestone as they both attended the Trader and Investor Summit, where they met many loyal followers of the podcast. They also recorded their first-ever live podcast and interviewed contestants for the SteadyTrade Paper Trading Challenge (listen to the latest update here).

Tim and Stephen talk about the weed sector and hemp stocks blowing up, and also share their personal reflections on the year that was 2018. You’ll also get a sneak peek into their tales of past regrets including brushes with the law (nothing to do with trading, thank goodness!).

Got a Pressing Question?

Do you have a question for Tim and Stephen about something that happened in 2018 or just something about trading in general? Visit the “submit your audio” portion of the website to ask us anything.

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

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

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Trading a Small Account https://www.steadytrade.com/ep-78-trading-a-small-account/ https://www.steadytrade.com/ep-78-trading-a-small-account/#comments Mon, 31 Dec 2018 15:00:10 +0000 https://www.steadytrade.com/?p=1550 The competition is getting fierce in The SteadyTrade Paper Trading Challenge! In case you’re not up to date, here’s the current state of affairs. Earlier in the month, during the “High on Weed Stocks” episode, hosts Tim Bohen and Stephen Johnson announced the first contestant to be eliminated. At that time, the rules of the […]

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The competition is getting fierce in The SteadyTrade Paper Trading Challenge!

In case you’re not up to date, here’s the current state of affairs.

Earlier in the month, during the “High on Weed Stocks” episode, hosts Tim Bohen and Stephen Johnson announced the first contestant to be eliminated.

At that time, the rules of the competition also changed. In order to keep challenging each contestant, their respective account balances were lowered to just $1,500.

Suddenly, everyone was under the PDT (pattern day trading) rule, which limits the number of day trades that can be executed per week to three per five-day rolling period. This means that every trader has to be extremely tactical in choosing their trades.

Last week’s episode offered an immersive update on Stephen Johnson’s teammates Liz and Jude, who have been learning a lot and honing their skills bigtime. This week, we’ll explore how Tim Bohen’s remaining teammates are doing:

Note: Teammate Josh was unable to join this update episode, but we’ll add an interview at a later point!

Cara:

According to Cara, the self-titled “Jesus freak girl,” the first few weeks with the lowered balance have been “horrible”.

Following an initial $40 gain, she went on a losing streak and was down over $300 at one point. However, on the very day that the episode was recorded, things started to turn around for her, and her losses are now just about $50 thanks to a winning short selling opportunity.

In the episode, Cara discusses her approach to short selling a stock that has a history of a “red to green” move, and Tim offers constructive criticism to help her improve her approach. Every trader will pick up some valuable tips!

Chris:

He’s made $1,115 in profits, which is, according to Tim, “insane” (in a good way)! The very first day of the new challenge, he got into a very sweet short and was up $200 right off the bat.

It was a great start that gave him lots of confidence. However, in spite of things going well overall, he has experienced his share of challenges. As he puts it, “the PDT did get me good one day”.

He explains how he identified a great setup, but how he experienced the huge and inimitable frustration of not having any trades left to execute when you’re under the PTD rule.

This adds to a greater discussion of trader survival techniques when contending with the PDT and how it kind of forces traders to be much more careful and calculated with rationing out their trades.

WTF About PDT?

How does the PDT work? Basically, it’s a limitation for day trades for traders with small accounts where they can only execute three day trades within a business week. So, if you were to make three day trades on a Monday, you can’t make more until next Monday.

In the episode, you’ll get a greater explanation of the PDT, including what it actually is, why it exists, and how you can continue to profit in spite of (and possibly even because of) it.

Tim’s Team Review

Tim is the first to admit: Had this been the same time last year, he would have expected to see some big numbers for this challenge. However, considering the constraints, he’s extremely impressed with his team’s work.

In the episode, he offers his tips for success moving forward. Will his team pull ahead of Stephen’s? Only time will tell!

Moving Forward

To close out the episode, Tim, Cara, and Chris discuss what the rule changes should be for next month. An even lower account … or perhaps one very close to crossing over the PDT threshold?

Do you have an idea for what might be the most compelling challenge? Feel free to leave a comment on this post with your thoughts!

Got a Pressing Question?

Do you have a question for Tim or any of the contestants? Visit the “submit your audio” portion of the website to ask us anything.

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

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

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PDT Hangover https://www.steadytrade.com/ep-77-pdt-hangover/ https://www.steadytrade.com/ep-77-pdt-hangover/#respond Mon, 24 Dec 2018 15:00:40 +0000 https://www.steadytrade.com/?p=1539 PDT Hangover The SteadyTrade Paper Trading Challenge is heating up! Earlier this month during our “High on Weed Stocks” episode, we announced the first contestant to be eliminated. The rules have also changed: To keep things interesting, everyone’s paper trading balance was lowered to just $1,500. So … how are the remaining contestants faring with […]

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PDT Hangover

The SteadyTrade Paper Trading Challenge is heating up!

Earlier this month during our “High on Weed Stocks” episode, we announced the first contestant to be eliminated. The rules have also changed: To keep things interesting, everyone’s paper trading balance was lowered to just $1,500.

So … how are the remaining contestants faring with the new rules in the progressing challenge?

In today’s episode, host Stephen Johnson catches up with his remaining Challenge contestants, Liz and Jude.

Note: This is a great episode to watch on YouTube because Stephen offers up some great technical analysis lessons for both of his trading students that will prove helpful to traders of all levels!

Update on Raging Bull Liz

Stephen notices right away that Liz is lacking that special glow.

What’s holding her back? A little devil called the PDT.

During the last team update episode, she was a front-runner, scalping like the world was going to end the next day. But since the Paper Trading Challenge rules changed and she’s working with a smaller account now, some of her swagger has swiped left and she’s feeling the burn.

Liz’s $1,500 account has diminished below $900. She’s rattled: Recently, she tried to short with unsuccessful results, and accidentally bought rather than sold on her last day trade, effectively locking herself into an unwanted position.

Liz has lost some of that initial confidence, confessing, “I’m wrong; I don’t know what I’m doing.”

Update on Conservative and Spiritual Jude

Since Jude lives in Canada, the PDT rule doesn’t apply to her IRL trading, so it’s been an interesting thing to learn about in the Challenge. Actually, she likes it, because in her words, it “forced me to focus on trades that were good.”

However, they haven’t all been good. She had a great trade with a trending hemp stock, but then tried to re-enter a position with the same stock shortly after and it didn’t work too well.

The lesson Jude is trying to contend with? Not letting the wins get to her head, because that’s when you start making mistakes. Or, as Stephen says, “Try to not let the highs be too high and to not let the lows be too low.”

Ultimately though, her trading technique hasn’t changed much regardless of the account size. She’s still being cautious. She tries as much as possible to keep it real but also to keep an eye on how this could apply to reality.

Papa Bear Stephen’s Trading Wisdom

Prepared to be amazed by some insightful lessons that Stephen imparts during the episode.

He gets extremely hands-on with both Liz and Jude’s trading charts, offering praise on what they did right and constructive criticism on what they could have done differently or could change in the future.

Traders of all levels and account sizes will benefit from these observations on entry and exit points, and why it’s so important to look at the chart very closely and to evaluate things like risk/reward and trading volume for the stock in question.

Moving Forward

To round out the episode, Stephen, Liz, and Jude talk about potential goals for moving forward, including:

  • Looking for the support. Why is it good to buy close to support? Stephen addresses this, saying why it’s a good technique and why you need to watch your exit points too.  
  • Discipline. No doubt about it: Trading requires strong discipline. They discuss tips and tricks for staying focused.
  • Taking it to the next level. As both contestants improve at learning how to read charts, they’re entering what Stephen calls the “next level of trading”… a time when working on your trading psychology is super important.
  • Quit chasing. Oh, it can be tempting to chase the shiniest, brightest stocks. However, you need to do your research before pulling the trigger. Or, as Stephen puts it, “You will lose and lose and lose until the pain of losing makes you learn.”
  • The big picture. It’s another common trader mistake: focusing too much on one indicator or aspect of the setup but not backing up for the big picture. Stephen offers great tips for overcoming this common trading issue!

Got a Pressing Question?

Hey, got a question for Stephen, Tim, or any of the contestants? Visit the “submit your audio” portion of the website to ask us anything.

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

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

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Preparing for a Market Crash https://www.steadytrade.com/ep-76-preparing-for-a-market-crash/ https://www.steadytrade.com/ep-76-preparing-for-a-market-crash/#respond Mon, 17 Dec 2018 15:00:22 +0000 https://www.steadytrade.com/?p=1524 Episode 76: Preparing for a Market Crash This week’s episode focuses on a sobering topic: Is the market headed for a crash? With the market’s recent declines, many traders are bracing themselves for the worst. Here, hosts Tim Bohen and Stephen Johnson address what’s happening in the market and weigh in with their thoughts. It’s […]

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Episode 76: Preparing for a Market Crash

This week’s episode focuses on a sobering topic: Is the market headed for a crash?

With the market’s recent declines, many traders are bracing themselves for the worst. Here, hosts Tim Bohen and Stephen Johnson address what’s happening in the market and weigh in with their thoughts.

It’s always good for traders to be prepared for potential downturns. In the episode, you’ll learn some great tips for how to survive and keep trading during a market crash. And since this podcast lives to give, you’ll also be treated to Stephen’s soul-stirring singing rendition of Tom Petty’s hit song, “Free Fallin’.”

The Market is a Gauge of Sentiment

Here’s the thing. The market is deeply affected by the sentiment of traders. This means that if there’s a buzz in the air that the market is headed for a decline, it leads to selling, which leads to more selling, which can cause a market crash.

Because of this, sometimes it’s hard to discern if there’s an actual crash headed your way or if it’s just a temporary situation brought on by fear.

Preparing for a Market Crash: Survival Tips

In recent weeks, the market has seen some ugly days and bounces that haven’t recovered. While a crash isn’t definite at this point, it’s wise to think about your game plan for if the market does crash.

In the episode, Tim and Stephen share some of their best tips and considerations, including:

Remember, it’s temporary. What goes up must come down. In the stock market, ups and downs are natural. The market will always experience fluctuations. While it can be scary when it trends downward, remember: it’s only a matter of time before happy days are here again.

Consider your long-term plan. A market crash is a great time for traders to look at their long-term goals. Is trading really a long-term plan for you?

Tim talks about how he goes short on trading but his long-term retirement plan is real estate, because “people will always need a place to live.” Considering your long-term goals can be a good way to make the most of a crash.

There are always opportunities. The same volatility that can make people (mostly civilians) lose money can benefit others. Bankers and hedge funds, for instance, still tend to benefit from a crashing market. You can, too.

No matter what the market conditions, there are always opportunities for traders. You may need to change your tactics in a down market, though.

For instance, while Tim hasn’t been short selling much for the past two years, that may change in the near future.

Short selling isn’t always easy. While short selling can be a way to profit in a downward-trending market, it’s not always simple. You can get smoked on getting shares, and you can have trouble getting borrows. So it’s important to find a good niche with short selling.

Stephen talks about his shorting approach, which can be summed up in three words: “negative, negative, negative.” He also talks about the danger of getting lazy and the potential pitfalls you may experience as a result.

Consider higher-priced stocks. There’s a lot of fear in the penny stock market during crashes, so people take gains earlier and aren’t holding on as long.

On the other hand, higher-priced stocks naturally go down when the market does, so they may become more accessible to traders during a crash.

There will still be sector trends. During a crash, you need to dial in on the hot sectors. Why waste your time on things that can’t be predicted at all?

Stops are even more important than ever. Or as Tim says, “look for idiot stops.” He likes when a stock has a crystal clear exit point that is obvious to just about everyone. A trading plan is super important in times like these, and so is sticking to the plan!

Do your research. A market crash is not the time to get lazy about your research. If anything, it’s even more important than ever! Good fundamental and technical analysis are always a good idea, but they’re particularly important during a market crash.

Keep showing up. Keep learning, keep researching, and stick with it. SteadyTrade, StocksToTrade, and other resources are here to help keep you updated on the market.

Got Questions?

Do you have something to ask Tim and Stephen? Visit the “submit your audio” portion of the website to ask away.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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High on Weed Stocks https://www.steadytrade.com/ep-75-high-on-weed-stocks/ https://www.steadytrade.com/ep-75-high-on-weed-stocks/#comments Mon, 10 Dec 2018 15:00:55 +0000 https://www.steadytrade.com/?p=1512 Episode 75: High on Weed Stocks Do you feel the need … the need for weed stocks? Cannabis stocks are undoubtedly the hottest sector in the market these days. In today’s episode, hosts Tim Bohen and Stephen Johnson share the best ways for traders to get in on the action. But that’s not all that […]

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Episode 75: High on Weed Stocks

Do you feel the need … the need for weed stocks?

Cannabis stocks are undoubtedly the hottest sector in the market these days. In today’s episode, hosts Tim Bohen and Stephen Johnson share the best ways for traders to get in on the action.

But that’s not all that the show has in store. You’ll also get the latest update on the SteadyTrade Paper Trading Challenge, and learn some incredible trading psychology tips and tricks. Get ready for an action-packed episode!

SteadyTrade Paper Trading Challenge Update

Kicking off in November, this Challenge began with two teams of three contestants. Each contestant was given $30K trading equity (over PDT!)  in their paper trading accounts.

There was some gaming of the system, scalping in and out, and one contestant literally made millions due to a system glitch.

Now that phase one of the Challenge is complete, it’s time to see who got margin called, and who has to leave the island …

… Hey, can you help us think of a catchphrase for when contestants are eliminated?

… Otherwise, Tim and Stephen might resort to “You’ve been pumped and dumped from this competition”… and, well, ew.

The Time Is High for Weed Stocks

As most traders are aware, the weed/cannabis sector is super hot now. It’s had some ups and downs since 2014, but the momentum is now very strong.

Why? Because with recreational marijuana being legalized in more and more U.S. states, pot stocks are coming into the real world. They’re not just listed on pink sheets; they’re actually being listed on major exchanges.  

With companies like Coca-Cola talking to cannabis producers, there are catalysts a-plenty in this sector that are creating many opportunities for traders.

In the episode, Tim and Stephen cover many topics related to weed stocks, including:

  • Trends. One of the nice things about the weed stock sector is that the stocks tend to move together.

The guys discuss why this matters, how even a catalyst specific to one company can create moves within the entire sector, and how to use this phenomenon to your trading advantage.

  • When to buy. With some weed stocks hitting 52-week highs, it can be hard to know when is the right time to enter a trade. You’ll gain plenty of tips for when traders are taking positions and why.
  • How long to hold a position. Weed stocks are unique in that they provide opportunities for both day traders and swing traders.

Tim and Stephen dish out some tips for why both approaches have pros and cons, and offer food for thought so you can consider how long you want to hold.

  • Don’t be fooled by randomness. Just because weed stocks are hot doesn’t mean that you can pick any of them and make oodles of cash.

Fundamental and technical analysis remains very important with weed stocks, and it’s worth taking the time to really evaluate whether or not the stock you’re considering makes for a worthwhile trade.

  • You still need a plan. You still need to carefully consider your trade and to create a detailed trading plan with pre-determined entry and exit points. You still need a stop loss. Things still can go wrong with weed stocks, so you need to be prepared!

Trading Psychology Tips

Successful trading is as much about what you don’t do as what you do. For example … do you have the discipline to wait for the right criteria for a trade for 3 weeks?

No doubt about it: Trading psychology is super important to your success (or lack thereof) as a trader.

Tim and Stephen share their own experiences. You’ll learn about Tim’s rage issues, Stephen’s most sensitive feelings, and how both of them have felt vulnerable at times in their trading careers. Awwww … group hug.

Traders at every level and with every size account will benefit from the valuable tips on attaining and maintaining the right attitude for trading.

Got Something to Say?

Do you have opinions, questions, or comments on the episode? Visit the “submit your audio” portion of the website to put in your two cents.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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Team Bohen Update (unlimited shorts??) https://www.steadytrade.com/ep-74-team-bohen-update-unlimited-shorts/ https://www.steadytrade.com/ep-74-team-bohen-update-unlimited-shorts/#respond Mon, 03 Dec 2018 15:00:07 +0000 https://www.steadytrade.com/?p=1500 Episode 74: Tim Bohen Team Update Curious about how the SteadyTrade Paper Trading Challenge is progressing? In last week’s episode, Stephen Johnson’s team talked a big game about how they’ve got this challenge in the bag. Is it true … is Tim Bohen’s team really in trouble? Will they be able to stack up to […]

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Episode 74: Tim Bohen Team Update

Curious about how the SteadyTrade Paper Trading Challenge is progressing?

In last week’s episode, Stephen Johnson’s team talked a big game about how they’ve got this challenge in the bag. Is it true … is Tim Bohen’s team really in trouble? Will they be able to stack up to the early success of Stephen’s team?

Listen in to find out. In this episode, Tim catches up with the three members of his Paper Trading Challenge Team — you’ll be amazed by the results!

Cara

What’s going on? Holy curse word: Cara’s paper trading account balance right now is a whopping $1,143,745.63! Even less than a week ago she was at $46,000. You’ve got to hear the story behind this!

What she’s learned: In the episode, Cara explains the secrets to her successful trading, including how sometimes taking a breather and trusting the process is the best thing you can possibly do. You’ll also learn how she took advantage of a remarkable repeating pattern.

What she’s struggled with: Patience. It was only in being able to surrender to the trade and not try to control the market that she was able to find success. However, she’s been guided by her faith to stay the path and seems to be emerging victorious.

Josh

What’s going on? Josh is down about $800.

What he’s learned: He’s been finding his way as a trader and has been experimenting and dabbling in new techniques.

In the episode, Josh shares how he’s trying new things like scalping, and has been more short biased. He has become diligent about his entries and exits, trying to set up good habits as a trader.

What he’s struggled with: Trading with a new type of account. He’s used to live trading, and with a small account, to boot. Paper trading with a $30,000 feels foreign, and at times he feels he’s struggling to get his bearings.

DJ

What’s going on? DJ is up; his paper trading account balance is around $49K.

What he’s learned: He’s learning how to be nimble. He shares how he’s experimented with playing what’s called a “dead cat bounce short”. You’ll also learn how he’s had success with late day bounces off of VWAP, both on the upside and downside.

Tim often employs these methods himself, and chimes in with helpful keys to success for traders who want to try these techniques. It’s a great lesson for all traders to learn because these can be very consistent (and profitable!) setups.

What he’s struggled with: Is DJ his own worst enemy? He’s mainly struggled with his own competitiveness and FOMO.

He’s found himself guilty of “top hunting” or falling for the shiniest and hottest stocks. He’s also been drawn in by stocks that are running during the day, in spite of the fact that he knows these aren’t great practices.

His main losses have come from revenge trading. It’s a real phenomenon: If you’re losing in one arena, you try to make it up in other trades, and tend to try to force things rather than approaching trades in a tactical way. It’s a bad strategy for many reasons.

He’s also struggled with timing. He’s been working on his schedule and figuring how to fit trading into his schedule without disrupting his family life.  

Changing the Rules

In the episode, Tim announces a new wrinkle that will be added into the Paper Trading Challenge in the coming weeks: an account balance shift!

To really test their paper trading mettle, every contestant’s account will revert to a $1,500 balance, which is well under the PDT. They’ll be back to hunting for $50 or $150 gains.

How will this added challenge change things for the entrants? Continue following the Challenge in future episodes to find out!

Got a Question for Tim or Stephen?

Got a pressing question for the hosts about trading? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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Team Jonks Update (Do Your Dailies!) https://www.steadytrade.com/ep-73-team-jonks-update-do-your-dailys/ https://www.steadytrade.com/ep-73-team-jonks-update-do-your-dailys/#respond Mon, 26 Nov 2018 15:00:20 +0000 https://www.steadytrade.com/?p=1486 Episode 73: Team Jonk’s Update (Do your Dailies!) Ready for the latest update on the SteadyTrade Paper Trading Challenge? Host Tim Bohen is away this week. When the cat’s away, the mice will play — so this week you’ll be treated to an update on host Stephen Johnson’s paper trading team, or as he lovingly […]

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Episode 73: Team Jonk’s Update (Do your Dailies!)

Ready for the latest update on the SteadyTrade Paper Trading Challenge?

Host Tim Bohen is away this week. When the cat’s away, the mice will play — so this week you’ll be treated to an update on host Stephen Johnson’s paper trading team, or as he lovingly calls them, “the drunkard’s team.”  

What’s working, what’s not, and why? Here’s what’s going on:

Liz

What’s going on? Liz is #winning big-time. Her paper trading account is currently over $48,000!
She’s been following volatile stocks and trading from intraday levels. She talks about the lines and trends she’s following, and how she likes size and scalping.

The only problem? While she knows her methods are working, she doesn’t know how or why they’re working. This could add up to trouble when trading in real life.

What she’s learned: Liz shares how her biggest lesson so far has been learning to read and understand daily charts. Will the stock go up or down? Why?

What she’s struggled with: As Stephen puts it, Liz is playing like she’s “on heroin and has no emotion.”  

She’s going in with her full account and seeing what happens. However, she’s not being as careful as possible. Will she explode like an atomic bomb?

Louis

What’s going on? Louis is holding steady, but not necessarily excelling. His account is just over $27,000. It’s not incredible, and it’s not where he wants to be.

As Louis shares, he’s been preoccupied. The recent wildfires in California and the ramping-up of the holiday shopping season (he works in luxury retail) have kept him from focusing on the Challenge. Will life get too much in the way of trading?

What he’s learned: Louis has truly learned the power of a trading plan. He IS trading with a plan most of the time.

The trouble? Putting it all together. While he’s great at creating a plan and focusing on one or two aspects of it, he’s having a little bit of trouble with considering multiple variables at once. AKA, he’s not seeing the forest for the trees.

What he’s struggled with: FOMO and chasing. When he sees that high of the day, he gets all excited and wants to jump in and buy, no matter what — plan be damned.

Will he be able to overcome the all-too-common trading phenomenon of chasing the shiniest and sexiest stocks?

Jude

What’s going on? Jude has been doing better since she stopped doing “everything that [she] shouldn’t be doing.”

Jude never tried paper trading before this challenge. She started trading with real money, and in going to the virtual platform, she’s finding it challenging, almost like going from driving standard to automatic.

After the initial challenge, she’s started to follow Stephen’s advice (!) and look for patterns, and her profits have been turning around.

What she’s learned: Jude improved on getting more clear on what her setups are. She’s looking at support and resistance, and waiting for her setups before jumping into a trade.

What she’s struggled with: Her struggle has mainly been with trading psychology. FOMO and itching to make trades — the struggle is real!

Will Jude be able to remain calm and patient long enough to stay in the challenge?

Q&A With Stephen

In the episode, all of the entrants get to ask Stephen their pressing questions. You’ll learn:

  • How can you know if it’s a morning spike? If not, how can you figure out if the trend will continue?
  • How can you control risk and reward? Stephen talks about how you can’t predict the stock market, but how you can position yourself to take advantage of risk and reward to diminish losses.
  • Who’s gonna win? Should Bohen’s team be worried? Wait til you hear Liz’s fighting words at the end of the episode!

Got Something on Your Mind?

Do you have a question about trading? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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How Mason Fecht made $200k** https://www.steadytrade.com/ep-72-how-mason-fecht-made-200k/ https://www.steadytrade.com/ep-72-how-mason-fecht-made-200k/#comments Mon, 19 Nov 2018 15:00:51 +0000 https://www.steadytrade.com/?p=1470 At the SteadyTrade podcast, hosts Tim and Stephen like to put an accent on the “steady” part of their approach to trading. That being said, sometimes they like to feature exceptional traders to inspire you on your journey. 21-year-old trader Mason Fecht has had a very impressive few months. Or, as Stephen puts it, he’s […]

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At the SteadyTrade podcast, hosts Tim and Stephen like to put an accent on the “steady” part of their approach to trading. That being said, sometimes they like to feature exceptional traders to inspire you on your journey.

21-year-old trader Mason Fecht has had a very impressive few months. Or, as Stephen puts it, he’s “excelled like a mofo.”  

A relative newcomer to trading, things clicked for him in a big way recently and he reports that he’s made over $200K in the past few months!**

In the episode, you’ll learn more about Mason’s approach, what works, and how you can use his methods to your own trading advantage.

Mason’s Story

What were you doing when you were 16? Well, while Mason was still in high school, he began to take an interest in the stock market, meeting with a financial planner and beginning to learn about market mechanics.

He didn’t take action until his freshman year in college, when he chose a stock that he liked and got a big return. This is what kicked off his trading career in earnest.

First, he dabbled in options trading because he knew it was a potentially great way to grow an account exponentially. He turned $10K to $70K in a short period of time but eventually ended up losing the majority of his account.

It was time to learn the rules, he figured. He found Tim Sykes and became hooked on the videos. He joined the Trading Challenge in short order, seeing it as the fastest way to attain his financial goals.

He went in full throttle, studying for an incredible 12 hours a day to gain trading expertise. And yes, he watched Trader Checklist in its entirety, all 11 glorious hours of it.

In this episode, you’ll learn how and why things started to click, and how Mason overcame his issues with risk management to find trading success.

You’ll also learn more about his chosen sector, which is ultra-hot marijuana stocks. His average gain is now 40-50%!**

Mason’s Methods

In the episode, Mason gives his key “ingredients” for trading setups:

  • A breakout hitting new highs over daily resistance levels with a substantial volume in the past.
  • The first green day from a former runner with news, strong volume, closing near its highs

But as Stephen says, “You make it seem so simple, so what do you have that we don’t?”

Mason explains how things really can be that simple if you don’t let external cues overwhelm you. He also explains his KISS (keep it simple, stupid) mentality and how to avoid the common obstacles that get in your way as a trader.

Mason’s Advice

How can you channel your inner Mason and get ahead as a trader?

Mason adheres to a concept he learned from the Dalai Lama: Learn the material, understand and comprehend, and make it instinctual.

First, set up a strong foundation. Mason has a successful trading system. But before he established that, he set up a successful learning system. You need to understand the patterns first, and you gain this understanding through study and practice.

Mason suggests starting with paper trading and getting to a point where you’re good at virtual trading before live trading. He explains how to get started trading, and the best way to build up incrementally.

When it becomes instinctual, that’s when you can trade successfully!

Mason’s Rules

Mason also shares some of his rules for successful trading, including:

  • Cut losses quickly. You’ll also learn why the entry is the most important part of the trade!
  • Take a step back. Look at the big picture. Don’t count your losses or profits until you’ve taken everything into account.
  • Master the market psychology. Learn why understanding what all players are thinking is the secret to mastery in the market.

Got Questions?

Do you have a question about trading for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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No Remember November https://www.steadytrade.com/ep-71-no-remember-november/ https://www.steadytrade.com/ep-71-no-remember-november/#respond Mon, 12 Nov 2018 15:00:39 +0000 https://www.steadytrade.com/?p=1457 Episode 71: No Remember November With Sober October over, it’s time to advance into No Remember November. In this episode of the SteadyTrade Podcast, hosts Tim Bohen and Stephen Johnson are ready to party, but rather than with drinks or drugs, it’s with paper. Yes, you heard that right: It’s a paper trading party, as […]

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Episode 71: No Remember November

With Sober October over, it’s time to advance into No Remember November. In this episode of the SteadyTrade Podcast, hosts Tim Bohen and Stephen Johnson are ready to party, but rather than with drinks or drugs, it’s with paper.

Yes, you heard that right: It’s a paper trading party, as Tim and Stephen review the first week of the SteadyTrade Paper Trading Challenge!

About the SteadyTrade Paper Trading Challenge

For the next several weeks, both Tim and Stephen will each act as mentors to teams of three traders looking to develop their trading prowess.

Each trader started with a paper trading account of $30K, and with the guidance of their mentors, are hoping to build their accounts as much as possible.

In Episode 69, you met the contestants. This week, they began to get their feet wet and execute their first paper trades. So how are things going?

Tim’s Team

For the first few days, Tim told his team to do their own thing.

All of his team members have a somewhat established routine, so he wanted to first see what they would do so that he could get a feel for what they are looking at and so that he could help them refine based on their personal style.

All three made trades. One was profitable and the other two kept losses small. His team is doing well and Tim is optimistic. Here are the specific updates:

Cara: Listen to hear how Cara chose a stock that was on the top of Tim’s watchlist and how it went. You’ll learn the ups and downs of this trade, and every trader will learn lessons about how to handle trades that don’t go your way.

DJ: He’s open to long and short positions, and he’s Tim’s leader at the moment, up $1,600 in two days.

Tim and Stephen discuss how focusing on VWAP when buying higher-priced stocks can help improve your success rate. You’ll also learn why it’s a good idea to remain open to both long and short positions.  

Josh: He focused on a stock that has been on Tim’s radar and on the StocksToTrade Watchlist. While he was busy this week and only went for one trade, he made a good one.

However, it wasn’t executed perfectly. Tim and Stephen talk about how Josh’s fatal flaw was getting out too early, diminishing his potential profits. Is it possible that Josh is stuck in a “small account” mentality that could be holding him back?

Stephen’s team

Frankly, Stephen is a bit worried about his team. Overall, they’re doing good things but aren’t considering all of the variables at once.

He sees them chasing and not looking at volatility enough. Can he help them begin to see the big picture and improve their paper trading?

Here are the specific updates:

Liz: She’s up about $2K, but Stephen is concerned that her methods aren’t sustainable, as she’s chasing stocks. It’s a common enough problem for traders: they’ll find a setup that works and works — and then suddenly it doesn’t.

Tim and Stephen talk about how traders need to take a more long-term approach to trading mentally, otherwise they can fizzle out.

Louis: While he’s showing great promise, Louis may be overextending himself in his trades.

Tim and Stephen discuss specific things that Louis could do to improve his approach to swing trading, like sticking to VWAP holds. Be sure to listen up for key swing trading tips!

Jude: She’s only placed one trade, but sometimes that’s not such a bad thing.

As Tim and Stephen discuss, there are times to push, like when the weed stocks were going wild last month.

But sometimes, if you’re not doing anything by pushing, the best tactic is to back off and play defense. Don’t overtrade. Don’t go crazy. Preserve your capital and focus on building knowledge.

Got a pressing inquiry?

Do you have a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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Shattering Your Comfort Zone https://www.steadytrade.com/ep-70-shattering-your-comfort-zone/ https://www.steadytrade.com/ep-70-shattering-your-comfort-zone/#comments Mon, 05 Nov 2018 15:00:58 +0000 https://www.steadytrade.com/?p=1448 Gird your loins and prepare yourself for an emotional trust circle of epic proportions! In today’s episode, hosts Tim Bohen and Stephen Johnson want to talk about self improvement and self care and how they can both make you a better trader. Blame Tim: he just returned from a spiritual retreat that had nothing to […]

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Gird your loins and prepare yourself for an emotional trust circle of epic proportions! In today’s episode, hosts Tim Bohen and Stephen Johnson want to talk about self improvement and self care and how they can both make you a better trader.

Blame Tim: he just returned from a spiritual retreat that had nothing to do with drugs, and he wants to talk about how working on yourself can help improve your trading.

Believe it or not, Stephen’s on board, too: with his recent sobriety and weight loss regime, he’s become a believer in the idea that improved health and mental wellbeing can improve your entire life, including trading.

What’s going on here?

Recently, Tim went to a retreat with like minded individuals. While few attendees were in the financial sector, he learned lessons about being the best version of yourself that seemed extremely applicable to trading.

The fact is, you’re never going to become a successful trader until you adopt the right mindset. Tim shares a concept he’s adopted from podcast celeb Joe Rogan: how can you “be the hero of your own story”? What would go into your personal montage of success?

It’s an interesting idea to consider: if you had tv cameras following you around all the time like you were a Kardashian, what would you want to be your story?

Would you be like Stephen, who sometimes wakes up thinking “I want to work really hard today”…but other days wakes up and thinks “whiskey”?

How to get ahead by shattering your comfort zone

In the episode, Tim and Stephen share their best tips for how to break out of your comfort zone, and how it can ultimately help you as a trader, including:

  • You must have a growth mindset. Nobody shows up day one and is the ultimate trader. There are always going to be ways in which you can improve. Tim and Stephen talk about some key ways to keep improving by surrounding yourself with people who are striving to become better.

For example, you might do this by joining a group that you find on Meetup, joining a movement like #soberoctober that will help hold you accountable to your self improvement.

  • Discipline begets discipline. Tim jokes about how he and supertrader Tim Sykes argue about the “healthy body healthy mind shit” that Bohen is so into, but how ultimately, having discipline in one area, it can affect your work ethic in a good way.

The idea? If you adopt discipline in life, then you’re more likely to succeed in trading. So whether it’s fitness, family, or in the professional sphere, discipline in one arena can make it easier to maintain discipline in other parts of life too.   

  • Get out of your comfort zone. Hey, did you know why host Tim wanted to take part in the SteadyTrade podcast? Because it gets lonely sitting in front of your computer as a full time trader, and he felt that it would be a good way to shift his perspective.
  • Stepping outside of your comfort zone can give you a different point of view.  How could you shift your perspective in ways that might challenge you in all the right ways?
  • A lot of people aspire to be full time traders, but that will require finding out what works for you in terms of learning and working. You might just find that things click even more when you connect with people in addition to having study time.  

How ‘bout a little challenge?

As the episode comes to a close, Tim proposes a Billy Madison (yes, like the Adam Sandler movie) challenge where he and Stephen go head to head in a physical and mental decathlon.

Should they do it? If so, what should be the exercises? Help them decide on some mental and physical exercises so we can all watch the games begin!

Got questions or comments?

Do you have a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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Paper Trading Challenge: Meet the Contestants https://www.steadytrade.com/ep-69-paper-trading-challenge-meet-the-contestants/ https://www.steadytrade.com/ep-69-paper-trading-challenge-meet-the-contestants/#comments Mon, 29 Oct 2018 13:00:48 +0000 https://www.steadytrade.com/?p=1436 Are you ready to rrrrumble? Today’s episode commences the first annual SteadyTrade Paper Trading Competition (try saying that five times fast). This paper trading competition was dreamed up by the SteadyTrade crew as a way to help traders advance — and, you know, to have some fun pitting hosts Tim Bohen and Stephen Johnson against […]

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Are you ready to rrrrumble? Today’s episode commences the first annual SteadyTrade Paper Trading Competition (try saying that five times fast).

This paper trading competition was dreamed up by the SteadyTrade crew as a way to help traders advance — and, you know, to have some fun pitting hosts Tim Bohen and Stephen Johnson against each other.

Recently, Stephen and SteadyTrade producer Glenn interviewed over 80 traders who wanted to take part in this competition from all around the world and from different backgrounds.

In today’s episode, you’ll meet the contestants they chose!

The Steady Trade Paper Trading Competition

For now, here’s what you need to know:

  • There will be two teams of three traders
  • Tim and Stephen will act as mentors to each of the respective teams
  • They will guide and hopefully help bring their team to victory!

Did you know that you can paper trade with real-time stocks using StocksToTrade? Get your 7-day trial here: https://stockstotrade.com/7daytrial

Meet the contestants!

In the episode, you’ll meet both Stephen and Tim’s teams of traders for the challenge.

Stephen’s team:

Liz

Who she is: A Brooklyn-based graduate student, YouTube sensation, and cat owner who is studying social work.

Her trading story: While working as a nanny, Liz was making enough income to give trading a try. She lost money and quickly realized she’d need to educate herself before she could profit.

She joined the Tim Sykes Trading Challenge and has been paper trading for a year, but has only dipped a toe into active trading.

Goals: She’s ready to become a successful trader. She wants financial freedom and wants to be able to share what she learns with others.

Louis

Who he is: Born in Puerto Rico but of Dominican descent, he was raised in New York City and now works in a luxury fashion house on Rodeo Drive in Beverly Hills.

His trading story: After two years of studying, he began trading with $5,000 this spring. Losses mounted, and his account dipped below $1,300. However, this prompted him to really hit the books, and now he’s beginning to recover.

Goals: In his application, Louis referred to himself as having “uncanny instincts and unparalleled charisma.” He thinks he can bring these traits to his trading.

He wants to follow his mom’s wise advice to “surround yourself with people who are better than you and smarter than you” and learn from Tim and Stephen!

Jude

Who she is: Jude is a massage therapist from Vancouver. You may remember her from Episode 31 when she made Tim cry with an original song she sang.

Her trading story: Jude didn’t want to make money fast: she’s genuinely intrigued by the process of trading. While her story was detailed in Episode 32, Jude has progressed in trading but is still trying to find her specific niche.

Goals: To find what works for her as a trader. She wants to keep learning so that she can realize her potential, and she’d like to help others do the same. 

Tim’s Team:

Cara

Who she is: Cara is from Texas and works as an IT consultant, traveling and helping doctors and nurses transition into new medical record systems.

Her trading story: Cara is one of the greenest traders in the competition, but Tim thinks that could be a good thing, as it means she doesn’t have as many preconceived notions or bad habits.

Cara is still trying to work on her emotions while trading. She’s pretty new and hasn’t traded much, but she’s been studying a LOT as part of the Tim Sykes Trading Challenge.

Why she wants to do it: She loves Karmagawa, which is Tim Sykes’s charity. She wants to be able to give back in similar ways, and she sees trading as the gateway to making that financially possible.

Chris

Who he is: Chris really attracted SteadyTrade’s attention with an incredible video featuring samples of Tim and Stephen (you’ve got to watch this one on YouTube!). Chris is a DJ and video editor, loves music, and loves trading.  

His trading story: Chris got his start in 2008 after the big market crash when he saw everything was down and figured it was a good time to buy low.

That worked, but not forever. Since then, he’s been trying to find a niche. Tim Sykes’ DVDs inspired him to try lower priced stocks but he’s still not sure if he’s found his perfect place.

Goals: He wants to pay off his house and make more income. To do that, he’s got to lock down how to be profitable and that’s why he feels he needs the paper trading challenge.

Joshua

Who he is: Joshua is the cleaning guy for Lady Gaga’s tour bus. Kidding! He’s from Florida and he’s a 25-year-old firefighter.

His trading story: He started trading about 2 years ago, motivated by the idea of making more money. While trying to find his way, he discovered low priced stocks.

He opened up an account about a year ago but suffered a pretty big $1,000 loss which caused him to hit the pause button and go back to basics.

Goals: After his big loss, he wants to improve his psychology and his technical know how. He doesn’t want to suffer the same fate again, and wants to find the right niche.

Curious about something?

Got a question? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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Tim Sykes and the Art of Grinding https://www.steadytrade.com/ep68-tim-sykes-art-of-grinding/ https://www.steadytrade.com/ep68-tim-sykes-art-of-grinding/#comments Mon, 22 Oct 2018 13:00:26 +0000 https://www.steadytrade.com/?p=1420 Ep 68 – Tim Sykes and the Art of Grinding Today is a red-letter day for the SteadyTrade Podcast. Finally, after 15 months of podcasting, we’ve nabbed super-trader and trading teacher Tim Sykes as our guest on today’s show. In the episode, hosts Tim Bohen and Stephen Johnson get real with Tim Sykes about his […]

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Ep 68 – Tim Sykes and the Art of Grinding

Today is a red-letter day for the SteadyTrade Podcast. Finally, after 15 months of podcasting, we’ve nabbed super-trader and trading teacher Tim Sykes as our guest on today’s show.

In the episode, hosts Tim Bohen and Stephen Johnson get real with Tim Sykes about his story, his thoughts on what it takes to get ahead as a trader, and what’s happening in his life right now.

Sea monsters, Stephen in the hot seat, and plenty of great trading advice await!

Who Is Tim Sykes?

Tim Sykes is one of the most prominent penny stock traders around.

He famously started his trading career with about $12,000 of bar mitzvah money in his late teens. His parents gave their blessing, figuring he’d probably lose it all.

But he didn’t. He turned this nest egg into a few million dollars in just a few years.

He went on to manage a hedge fund and was featured on the Wall Street Warriors TV show, which turned him into a household name — and led to plenty of would-be traders reaching out to him asking for advice.

Ultimately, Sykes shifted gears from the hedge fund world to focus on trading and teaching full time.

What’s Up With Tim?

Tim is killing it as a trader and has more students than ever, but some of his passion projects actually have nothing to do with the financial industry.

In the episode, you’ll learn about Tim’s latest charity project, Karmagawa, and the must-see video he recently helped create to raise awareness about endangered animals, “The War Against Poaching.”

Tim on Trading

In the episode, Tim dishes out plenty of no-holds-barred trading advice. Among his many missives of wisdom:

Trading and S&M. So many traders are suckers for punishment. Why is it that so many traders seem to have a need to feel pain to feel pleasure, like Stephen in the wake of his most recent series of losses?  

With great power comes great responsibility. Tim says you need to learn about both short- and long-selling approaches. Not only can it help you be more tactical, but it can help you to be more versatile as a trader.

The market always changes. Nothing is ever a sure thing in trading. You can perfect a setup and be profiting for weeks, months, years, but then one day it won’t work anymore — that’s why it’s so important to keep studying.

Learn to respect the rules. Tim thinks it’s a good thing for new traders to get burned a little bit because it teaches them the most important lesson of all: why it’s so important to cut losses quickly.

What he gives his students. Tim shares what he wants to impart to his students, including helping them learn the rules of trading. Stephen weighs in and talks about how his time in the Tim Sykes Challenge was pivotal in shaping his trading career.

His biggest success stories. Learn about Tim’s most successful students, including Tim Grittani and Michael Hudson. He also talks about how these traders, while very successful now, experienced huge losses at the beginning of their career. Keep things in perspective!

Tim’s teaching and trading approach. Tim reverts to a $12K trading account every year, effectively going back to his roots and trying to grow his account again. Trading with a small account keeps him on his students’ level and helps keep him realistic and relevant as a teacher.

Patterns repeat themselves. Tim’s a huge proponent of following patterns. Remember, we spent an entire 14 episodes discussing his oeuvre of a video, Trader Checklist. Check out episodes 51 through 64 to really delve into Tim’s process and his indicators.

Learn to love the process. One thing that Tim can’t stress enough is that you’ll never ever be a great trader if you don’t fall in love with the process.

As one of Tim’s heroes, Ray Allen, says, it’s all about the “boring old habits.”  

And, as Tim says, “Celebrate the highs and respect the lows but also understand that it’s a marathon. Any one trade doesn’t matter unless you let it.”

Got a question?

Do you have a question about trading or this episode? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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Hot Tips for Cannabis and Other Hot Sectors https://www.steadytrade.com/ep-67-cannabis-hot-sectors/ https://www.steadytrade.com/ep-67-cannabis-hot-sectors/#comments Mon, 15 Oct 2018 13:00:42 +0000 https://www.steadytrade.com/?p=1403 In penny stocks, there are seasons and there are trends. Last year it was cryptomania. This year, the marijuana sector is blazing hot. As a trader, how can you identify and take advantage of these hot sectors? What are the best strategies, and how can you approach trades with a small account?   In this […]

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In penny stocks, there are seasons and there are trends. Last year it was cryptomania. This year, the marijuana sector is blazing hot. As a trader, how can you identify and take advantage of these hot sectors? What are the best strategies, and how can you approach trades with a small account?  

In this week’s episode, hosts Tim Bohen and Stephen Johnson address these hot topics regarding hot sectors. As a bonus, they’re broadcasting with a live audience, so there are plenty of hijinks and an informative Q&A session following their discussion.

Up for a Drinking Game?

If you’re a regular SteadyTrade listener, then you know that host Tim is prone to overusing certain words and phrases. We call them “Bohenisms.” In this episode, Stephen is challenged to take a drink every time Tim uses one.

Hilarity ensues as the episode goes on. Spoiler alert: You’ll also be treated to the best monologue of the entire history of the podcast when Stephen is about six beers deep.

Identifying Hot Sectors

As Stephen gets increasingly plastered throughout the episode, he and Tim discuss all things hot sector related.

Identifying hot sectors usually isn’t hard — it’s about following the news and noticing trends. If you’re out there, you’ll notice.  

What’s trickier is how to take advantage of this sector momentum and find the right stocks to play.

Tim imparts wisdom on “building a case” for a given stock. You’ll gain tips on how to narrow down your choices by looking at who is finishing strongest for the day, what kind of catalysts to look for, and more.

You’ll also learn about what type of fundamental and technical analysis to employ to figure out the best ways to take advantage of the sector, no matter how big a position you intend to take.

Finding hot sectors could be even simpler- with the right trading tools! With StocksToTrade, you have access to Oracle (our most powerful scanner), along with filterable news, and scanners that Tim and Stephen both use on the daily. You can try it out for $7 here. Stop wasting time piecing together information from multiple websites… it’s time to simplify the way you trade.

What to Do When a Hot Sector Hits

It’s a common misconception among traders that to be active, you need to be trading every day. This couldn’t be further from the truth. Even master traders like Roland Wolf might only make three trades a week, and he’s a pro!

Never trade because you’re bored, and never trade because you think you should. Instead, follow the market. Be willing to have restraint and improve your knowledge base when the market is slow.

But when there’s a hot sector in play, be ready to take action! This is when you can put all your hard-earned knowledge and strategies to work.

The Power of Adaptability

No matter how hot a sector is, remember, this too shall pass. The market will change, and you need to be ready to adapt when it does.

If you’re unwilling or unable to adapt, eventually your techniques won’t work anymore. Listen to Stephen’s advice here: his inability to adapt led to two back-to-back $5k losses not too long ago!

Q&A

Since this episode is recorded live, it also includes a Q&A session with the audience. Throughout the thought-provoking questions and commentary, you’ll hear all about:

  • Stephen rehashing the emotions of his biggest losses, and offering tips on how to recover and get back on track if you notice that you’re on a losing streak.
  • Finding your edge. You can look at other traders for ideas and inspiration, but you need to find your own style.
  • The importance of discipline: Why you need to focus on building your knowledge base and your account incrementally rather than focusing on getting rich.
  • What makes you a great trader? Tim and Stephen weigh in on what’s important and how to get into the right mentality to help make it happen.
  • Motivation, or lack thereof. Tim and Stephen talk about the right mindset for trading, and how you should never, ever trade bored.
Curious About Something?

Do you have a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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Tips for Success with Arick Russell https://www.steadytrade.com/ep66-tips-for-success-arick-russell/ https://www.steadytrade.com/ep66-tips-for-success-arick-russell/#comments Mon, 08 Oct 2018 13:00:35 +0000 https://www.steadytrade.com/?p=1385 Episode 66: Tips for Success with Arick Russell This is possibly the most ridiculous SteadyTrade podcast ever … Not because of who the guest is (the amazing Arick Russell) but because Stephen shows up in a neck brace — check it out on YouTube now and see for yourself.   But back to Arick. We’ve featured […]

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Episode 66: Tips for Success with Arick Russell

This is possibly the most ridiculous SteadyTrade podcast ever …

Not because of who the guest is (the amazing Arick Russell) but because Stephen shows up in a neck brace — check it out on YouTube now and see for yourself.  

But back to Arick. We’ve featured superstar trader Arick Russell before, and we got into the nitty-gritty of how he found his way and developed a style as a trader.

This was one of our most popular episodes to date, and plenty of listeners have requested him back. We listened, and this time, Arick shares his key tips for stock market success.

An Exciting New Approach to Trading

What’s been going on with Arick? He speaks about one very interesting development: how he’s begun using penny stock strategies to trade bigger stocks, including IPOs (initial public offerings).

Why use this method? For one, it lessens your emotional response and stress. For another, it’s accessible to penny stock traders. As Arick reveals, you can even use this method with a small account.

This method developed from his desire to maximize opportunities and make profits every day. So if the penny stock sector isn’t moving, he wants to have an option for something else to trade. This is his way of taking advantage of the trends and movements of the market.

Arick’s Tips for Success

Throughout the episode, Arick talks with hosts Stephen and Tim about some of his key tips for success. Some of the gems included:

  • Consider options. Want to grow a small account? Try trading options. Arick talks about his experience and how he has profited from this trading method.
  • Don’t look for the “holy grail” indicator. Every trader asks: What’s the main indicator I need to know? What should I be using on StocksToTrade to figure everything out?

Unfortunately, there’s not one answer. It takes time to go through the process, and you’ll find what works for YOU. You’ll hear Arick’s breakdown and he’ll share his thoughts on popular indicators like VWAP and more.

  • Don’t be arbitrary. Arick talks about position size. Where should you position yourself, and how do you know when to add to your position? Make sure you have a plan. Don’t just choose a number. Look at the big picture and have conviction in your setup.
  • Take “good news” with a grain of salt. Don’t believe the hype. Always do your own research and look at the charts, because a lot of company news is actually self-serving. You’ll learn about how to read between the lines on a press release.
  • Penny stocks can be tricky. Penny stocks can seem glamorous. But in spite of what you might see on Twitter, they’re not regularly making people 200 percent a day. So it really has to be a good trade to get into the game.

Arick talks about how to approach a penny stock trade, looking at trends rather than just potential profits.

  • Getting into higher-priced stocks. He talks about getting into higher-priced stocks if you’re a penny stock trader. How to watch the market first, and what to look for that can serve you well.
  • Be flexible. Don’t be so biased that you only do one thing as a trader. Yes, you should focus on what works, but when it’s not working, don’t force it. Lose the bias; not everything is black and white. If the market shifts, be able to shift with it.
  • Don’t rush out the gate. Crazy things can happen directly after the market opens. “Avoid the first 10 minutes like the plague,” advises Tim. “Be patient,” says Arick.
  • Don’t trade all the livelong day. Arick talks about the psychology of morning losses and the FOMO that makes you want to “catch up” — this is exactly when you MUST walk away from your computer.
  • Technical versus Fundamentals. What’s more important: technical or fundamental research? While Arick identifies as a technical-based trader, he talks about the importance of fundamentals too. You may be surprised by what he says!
  • Do it because you love it. Anybody can try trading, but few will succeed. If you want to be a success story, do it because you’re passionate.
Got Questions?

Do you have a question about this episode? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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Interview With Forex Trading Coach Akil https://www.steadytrade.com/ep-65-forex-trading-coach-akil/ https://www.steadytrade.com/ep-65-forex-trading-coach-akil/#comments Mon, 01 Oct 2018 13:00:34 +0000 https://www.steadytrade.com/?p=1311 In this episode, the SteadyTrade Podcast takes a brief break from its typical penny stock-centric focus and dives into the waters of forex trading. Forex, or foreign exchange trading, is a method of trading not stocks, but foreign currencies. In today’s episode, hosts Tim Bohen and Stephen Johnson interview Akil Stokes, a forex trader, mentor, […]

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In this episode, the SteadyTrade Podcast takes a brief break from its typical penny stock-centric focus and dives into the waters of forex trading.

Forex, or foreign exchange trading, is a method of trading not stocks, but foreign currencies.

In today’s episode, hosts Tim Bohen and Stephen Johnson interview Akil Stokes, a forex trader, mentor, and host of the podcast The Trading Coach.

What’s the Deal With Forex?

Foreign exchange trading is a method of trading foreign currencies in hopes of netting profits from conversion fluctuations.

The forex market is one of the largest financial markets in the world, with trillions of dollars traded per day (between 3 and 5 trillion, depending on who you ask).

With forex trading, you’re trading the different exchange rates between the currencies of different countries. Unlike stocks, where you’re investing in a company, it’s more like a head-to-head battle between one currency and another. So while you’ll still execute trades, it’s a different overall style of trading.

Akil’s Journey to Forex Master

Akil Stokes wasn’t born a forex master … actually, the first stock he bought was Apple.

Yes, the stock went up, but he didn’t make a killing. In an effort to make more money faster, he decided to try penny stocks. He was, in his own words, “horrible.”

From Penny Stocks to Forex

When Akil wasn’t making money in penny stocks, he figured he’d keep trying different methods of trading. He tried forex, and something about it just clicked. He quickly grew to enjoy the game and gained a passion for the process.

As his life began to get serious (getting married, having a family), he got serious about forex, too.

Turning a Corner

When he realized he wasn’t earning the profits he hoped for, Akil got serious about tracking his trades. That’s when he began to turn a corner and become successful in earnest.

In the episode, you’ll learn about Akil’s slow-but-steady progress as a trader. You’ll learn about the tricks he used, like focusing on diminishing errors. For instance, if he made 30 mistakes last month, he’d try to make just 29 this month.

This long-term approach was effective: He began to profit regularly. Ultimately, he had to shift his focus from making money to actually doing things the right way before that could happen, though.

Forex vs. Penny Stocks

In the episode, you’ll learn why forex trading is very different than penny stocks in some fundamental ways, including:

  • A 24-hour market: Forex trading doesn’t need to adhere to market hours. There’s opportunity around the clock, so it’s suitable for any schedule, even if you have a full-time job.
  • Higher competition: Many big-time investors aren’t interested in penny stocks, which means there are openings for new investors to explore the market. But forex attracts some of the best of the best, so there can be a higher level of competition.

Stephen is ready to have a big fight about whether forex or penny stocks are superior, but ultimately, the traders all find more common ground than they thought. For example:

  • Trading wisdom: A profitable trade isn’t necessarily a good trade, and a losing trade isn’t necessarily a bad trade.
  • The learning curve: In both forex and penny stocks, it’s important to learn the basics. But at a certain point, you’ve got to spread your wings and fly. You can’t paper trade forever.
  • Passion for the process matters: Akil credits a passion for the process of forex trading to be one of the keys to his success — could the same be true for successful penny stock traders?
  • Don’t have the money? Learn the skill. You’re not going to get rich overnight, in spite of what promoters or “gurus” might tell you. It takes time.
Akil’s Parting Thoughts

Akil also shares his highest and lowest moments as a trader.

In closing, he shares general parting wisdom that is appropriate for traders of all levels: It’s only when you strive to find consistency in the process — rather than in the outcome of a trade — that you can hit your stride as a trader.

Got Questions?

Do you have an inquiry about forex trading, or another trading-related question? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.

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

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Why is Pattern Recognition Key for Traders? https://www.steadytrade.com/episode-64-pattern-recognition/ https://www.steadytrade.com/episode-64-pattern-recognition/#comments Mon, 24 Sep 2018 13:00:48 +0000 https://www.steadytrade.com/?p=1287 In this episode, the SteadyTrade Podcast presents our Trader Checklist finale (and an awesome contest announcement)! This is the final part of a new series, where hosts Tim Bohen and Stephen Johnson devoted 13 episodes to an in-depth review of the Tim Sykes video, Trader Checklist. Today’s episode features some parting advice from Tim Sykes […]

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In this episode, the SteadyTrade Podcast presents our Trader Checklist finale (and an awesome contest announcement)!

This is the final part of a new series, where hosts Tim Bohen and Stephen Johnson devoted 13 episodes to an in-depth review of the Tim Sykes video, Trader Checklist.

Today’s episode features some parting advice from Tim Sykes and reviews some of the video’s key bullet points.

Be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist

Trader Checklist is a video by Tim Sykes that features 14 chapters of invaluable trading information and guest traders. It’s available for free online, so don’t miss out.

On to the Trader Checklist finale! In these clips, Tim and Stephen go through 10 parting pieces of advice from Tim Sykes, presented two per clip.

Clip:

1. Tim Sykes believes it’s possible to make millions as a trader. But it’s not common, and it’s not easy. It requires hard work, dedication, patience, study, tools, and mentorship.

2. StocksToTrade helps make stock research easier. If you email admin@timothysykes.com and mention that you heard about it on the Trader Checklist finale, you’ll get special pricing for the program!

The Steady Trade take: Tim and Stephen talk about the importance of the work and dedication in #1, and both add their thoughts on why a mentor can be extremely helpful.

They both talk about why they’re big fans of StocksToTrade, too!

Clip:

3. It’s all about pattern recognition. Tim Sykes teaches you about patterns and trends to help you get a good idea of what has worked in the past and what might work in the future.

4. You can be wrong on any trade. Getting cocky usually leads to failure.

The SteadyTrade take:  Regarding #3, both Tim and Stephen add their thoughts on pattern recognition, and discuss some of their favorite patterns.

As for #4, they both talk about the all-too-common phenomenon of FOMO (fear of missing out) losses and how emotions and overconfidence are big problems in trading.

Clip:

5. Trade scared so you’re not scared to trade.

6. Focus on small gains, as they can add up to millions over time. No, you won’t win every time. But small gains add up.  

The SteadyTrade take: As Tim Bohen cautions regarding #5, one trade probably won’t make your account. But one trade could make you lose all or even beyond all of your account. This is why it’s important to trade scared.

In their discussion of  #6, both Tim and Stephen offer great advice about how to stay disciplined while seeking out small gains.

Clip:

7. Tim Sykes wants you to know: This guide is just the beginning of your education. You need constant study and education to really get ahead.

8. Do not copy picks or alerts from anyone else. Learn how to think for yourself.

The SteadyTrade take: Both hosts agree that #7 is pretty self-explanatory … but #8 warrants additional discussion.

They agree that while it’s great to watch what other traders do, you should never simply try to copy them. Learning to think for yourself will allow you to make your own choices with trades. This is what can help you have a solid, long-term trading career.

Clip:

9. Tim Sykes doesn’t want just anyone to apply for his Trading Challenge. He only wants dedicated people. You need to prove that you deserve it.

10. Making money is great, and can be a powerful motivator. But take a long-term approach to trading for the best chances of finding success.  

The SteadyTrade take: Tim and Stephen discuss the benefits of Tim’s teachings, and focus on the importance of point #10.

They state that if you want to get rich quick, you’ll probably get quickly turned off by trading. But if you can take a longer approach and develop a love for the process of trading, you may have just found a great new career path.

From pattern recognition to FOMO, this episode is here to help you learn to trade steady. Are you ready to grow as a trader? Tune in — it might help you get there!

Paper-trading Competition!

Want to test your chops as a paper trader, and potentially win some incredible prizes?

The SteadyTrade Podcast is pleased to announce that we’re hosting a paper-trading competition!

We’ll kick it off with “auditions” for SteadyTrade listeners at the upcoming conference in Orlando, where we’ll choose six contestants.

Hosts Tim and Stephen will each mentor three of the contestants — who will compete in the paper-trading competition. 

Each month, the contestant with the lowest score at the end of the month “goes home” until there’s one trader left standing. Each contestant gets six months free access to StocksToTrade. The winner gets a one-year subscription to StocksToTrade Pro. 

This is a killer opportunity to learn and get ahead! 

Got questions?

Do you have a question about this episode? Visit the “submit your audio” portion of the website to ask us anything.

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

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

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Finding the Right Trade in a Sea of Stocks https://www.steadytrade.com/ep-63-finding-the-right-trade/ https://www.steadytrade.com/ep-63-finding-the-right-trade/#comments Mon, 17 Sep 2018 13:02:56 +0000 https://www.steadytrade.com/?p=1268 In this episode, the Steady Trade Podcast presents the 13th installment of our Trader Checklist series, where hosts Tim Bohen and Stephen Johnson share one of their favorite resources, and bring on a guest who shares how he finds the right trade by narrowing down stocks.  He’s superstar trader Gregg Sciabica, who also goes by […]

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In this episode, the Steady Trade Podcast presents the 13th installment of our Trader Checklist series, where hosts Tim Bohen and Stephen Johnson share one of their favorite resources, and bring on a guest who shares how he finds the right trade by narrowing down stocks. 

He’s superstar trader Gregg Sciabica, who also goes by the trading name LX21.

Be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist

Trader Checklist is a video by Tim Sykes that features 14 chapters of invaluable trading information and guest traders (like Gregg). It’s available for free online, so don’t miss out.

Awesome Giveaway!

To enter, first you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll be invited to take part in a quiz based on the Trader Checklist principles. Stay tuned!

On to the Trader Checklist series of clips!

Clip: Gregg talks about the experience of attending a trading conference. Are they worthwhile? Yes, if they’re the right ones.

The Steady Trade take: Tim and Stephen talk about the value of attending trading conferences. Trading can be a very solitary experience, so the opportunity to network in person can be valuable and inspiring.

Clip: Trivia time. The Dow hit a high of 381 in 1929. What was the last year you could have invested in the stock market with the Dow below the 1929 peak?

The Steady Trade take: Stephen guesses 1951. Tim: 1969. Who was right? They talk about how this is not just trivia but a chance to look at how history could repeat itself.

Clip: More trivia! How many stocks from the original Dow are still on the exchange today?

The Steady Trade take: Stephen and Tim guess … and you might be surprised by the results!

Clip: Gregg brings up an important subject: the high percentage of traders who fail. Do you know the actual percentage?

The Steady Trade take: Stephen guesses 95 percent, and Tim guesses 94 percent. Were they right? Find out in the episode, and listen to their tips on how to be one of the traders who succeed.

Clip: Gregg talks about how you must immerse yourself in the market to find success as a trader. Even if you can’t trade full time, you must treat it with the seriousness of a full-time job.

The Steady Trade take: Tim and Stephen agree with Gregg’s general sentiment. However, they do clarify that yes, it’s possible (and quite common) to be a part-time trader, particularly at first.

Clip: With so many stocks, you need a way to narrow them down in order to find the right trade. Gregg talks about his method for rating the stocks on his watchlist.

The Steady Trade take: This is an inspiration! Tim and Stephen talk about the vital importance of having a system in place.

Clip: In what might be the most Yoda-like clip in the episode, Gregg talks about how you must become a master of your own mind to become a trader.

The Steady Trade take: Tim and Stephen address how to keep yourself in a positive mental place for trading.

Clip: So many of Gregg’s biggest losses have come on the heels of overconfidence. Confidence is good, but you don’t want to get cocky.

The Steady Trade take: Overconfidence can be a trade killer! Stephen adds some sneaky signs of overconfidence — which can actually be more challenging to identify than you think.

Clip: According to Gregg, being profitable demands a high level of accountability. To be successful, you need a system of checks and balances and you must take trading seriously.

The Steady Trade take: It’s crucial to take your trading seriously because this is your for-real money at work. Tim and Stephen address why you must approach trading with a sense of professionalism and as if it’s a skilled trade. After all, the traders who have made it big take it very, very seriously. Are you ready to start navigating your way through a sea of stocks to find the right trade? 

Do you have a question?

Do you have a question or comment about this episode? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the Steady Trade Podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.

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

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New Millionaire Mark Croock’s Pre-Flight Checklist https://www.steadytrade.com/ep-62-new-millionaire-mark-croock-pre-flight-checklist/ https://www.steadytrade.com/ep-62-new-millionaire-mark-croock-pre-flight-checklist/#comments Thu, 13 Sep 2018 13:00:24 +0000 https://www.steadytrade.com/?p=1251 In this episode, the Steady Trade Podcast presents the 12th part of a new series, where hosts Tim Bohen and Stephen Johnson share some of their favorite trading resources. In the past 11 episodes, they’ve featured an in-depth Trader Checklist review, featuring clips and commentary focused around the Tim Sykes video. Today, they talk about […]

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In this episode, the Steady Trade Podcast presents the 12th part of a new series, where hosts Tim Bohen and Stephen Johnson share some of their favorite trading resources.

In the past 11 episodes, they’ve featured an in-depth Trader Checklist review, featuring clips and commentary focused around the Tim Sykes video.

Today, they talk about an interesting part of the video: a two-hour webinar via Mark Croock about a little something called the “Pre-Flight Checklist.” 

Be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist

Trader Checklist is a video by Tim Sykes that features 14 chapters of invaluable trading information. It’s available for free online, so don’t miss out.

Awesome Giveaway!

To enter, first you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll be invited to take part in a quiz based on the Trader Checklist principles. Stay tuned!

What is the Pre-Flight Checklist?

Before a plane takes off, the pilot needs to check all sorts of things to ensure the safety of the crew and passengers. You simply wouldn’t want to get into a plane where the fuel levels and mechanisms hadn’t been checked; after all, you could just take off and crash.

Similarly, with trading, it’s vital to perform a series of important checks to ensure the safety and viability of your trade. This is one of the best ways to avoid crashing your account.

Clip: Here, Mark Croock introduces one of the key checklist bullet points before you make a trade. Is your stock a big percent gainer? Look for stocks that have been gaining above 10 percent. Ideally, it’s also a former runner and has a reliable trading history.

The Steady Trade take:  According to host Tim, looking for big gainers should be every momentum trader’s first step. Doing this will not just help you find hot stocks, but hot sectors. Tim and Stephen talk about how stocks that have run in the past are important because they are more likely to be the ones that run again.

Clip: Mark offers some important to-do list essentials before executing a trade: No matter what, you must check the stock’s float, shares outstanding, and the number of shares short.

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Catching up with Roland Wolf, P2 https://www.steadytrade.com/ep-61-catching-up-with-roland-wolf-p2/ https://www.steadytrade.com/ep-61-catching-up-with-roland-wolf-p2/#comments Mon, 10 Sep 2018 13:00:33 +0000 https://www.steadytrade.com/?p=1249 Today, the Steady Trade Podcast presents the 11th part of a new series, where hosts Tim Bohen and Stephen Johnson share a few of their favorite trading resources. In recent episodes, they’ve featured Trader Checklist commentary on clips from the Tim Sykes video. In this episode, as well as in the previous episode, the conversation […]

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Today, the Steady Trade Podcast presents the 11th part of a new series, where hosts Tim Bohen and Stephen Johnson share a few of their favorite trading resources.

In recent episodes, they’ve featured Trader Checklist commentary on clips from the Tim Sykes video. In this episode, as well as in the previous episode, the conversation continues with a special guest: superstar trader Roland Wolf!

Be sure to check out this episode on YouTube to see the accompanying video. 

About Trader Checklist

Trader Checklist is a video by Tim Sykes that features 14 chapters of invaluable trading information. It’s available for free online, so don’t miss out.

Awesome Giveaway!

To enter, first you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll be invited to take part in a quiz based on the Trader Checklist principles. Stay tuned!

But first, some trading tips …

Before delving into Trader Checklist commentary, Tim and Stephen take advantage of Roland’s expertise and discuss some relevant and important trading tips:

Don’t be a bag holder. You’ll learn some tips for avoiding the dreaded bag-hold. In stock trading, bag holding is when you hold onto a stock for too long.

Unfortunately, bag holding is often a recipe for blowing up your account, so it’s important to have a fundamental plan in place before you make a trade.

The art of restraint. Is it better to be quick on the trigger upon the market’s open, as Roland used to be? Or, is a little watchful waiting more beneficial?

This leads to an interesting conversation about the importance of restraint in trading. You’ll learn why you need to read the market and how to be patient. When the time is right, that’s when you grow your account more aggressively.

What indicators should you look for? Tim and Stephen grill Roland about his favorite indicators. You’ll learn why catalysts are one of the things that will get Roland into an overnight trade, as well as his thoughts on filings, sectors, overall markets, time of day, and more.

Now, back to the Trader Checklist commentary …

Clip: According to Tim Sykes, you have to learn how to take profits with volatile stocks. You want to be able to use the same strategy and rules over and over again. This requires discipline and restraint.

The potential earnings aren’t what matters. Don’t try to go for a total home run. Rather, try to be reliable in making profits, even if they are lower per trade. The fact that you are profitable can be more important than bag holding and possibly experiencing a loss.

The Steady Trade take: If you ask Tim Bohen, this advice is sound; if you’re gonna play the low-float game, you can’t be out too early. Don’t get greedy. You could win big, but you could lose really big — and that would hurt even more than missing out on some profits.

What does Roland have to say about this? He talks about how he locks in gains and manages to be detached from his remaining shares. He also offers more tips for how he keeps it a “good game.” 

Clip: Here, Tim Sykes talks about why he sells when he does. Sometimes, his students are baffled by the timing, wondering why he didn’t hold on longer.

What are the benefits of giving it more time? Tim looks at the numbers, explaining his plan going into a premarket trade.

The Steady Trade take: Tim, Stephen, and Roland all go through the Sykes Sliding Scale (SSS) individually to determine their thoughts on Sykes’s approach.

They consider the market environment and evaluate: did Tim hold on just the right amount of time, or could he have benefited by holding on longer? It’s not always a straightforward answer.

Ultimately, you’ll learn why it’s important to consume as much information as possible, and lose as little as you can while learning. This is how you will figure out trading strategies from your successes and your failures.  

Stay tuned for Roland’s new DVD!

You’ll get a sneak peek of Roland Wolf’s upcoming DVD, which is geared more toward long selling and helping new traders become profitable.

Got something to ask?

Do you have a question for Tim and Stephen about the episode? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the Steady Trade Podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.

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

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Catching Up with Roland Wolf, P1 https://www.steadytrade.com/ep-60-catching-roland-wolf-p1/ https://www.steadytrade.com/ep-60-catching-roland-wolf-p1/#comments Thu, 06 Sep 2018 17:00:06 +0000 https://www.steadytrade.com/?p=1230 Ep 60 – Catching Up with Roland Wolf, P1 Today, the Steady Trade Podcast presents the 10th installment of a new series, where hosts Tim Bohen and Stephen Johnson share a few of their favorite trading resources. In recent episodes, they’ve featured clips from the Tim Sykes Trader Checklist video, complete with commentary and discussion. This episode, as […]

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Ep 60 – Catching Up with Roland Wolf, P1

Today, the Steady Trade Podcast presents the 10th installment of a new series, where hosts Tim Bohen and Stephen Johnson share a few of their favorite trading resources.

In recent episodes, they’ve featured clips from the Tim Sykes Trader Checklist video, complete with commentary and discussion. This episode, as well as the upcoming Episode 61, will continue the discussion, but with a special guest: superstar trader Roland Wolf!

Be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist

Trader Checklist is a video by Tim Sykes that features 14 chapters of invaluable trading information. It’s available for free online, so don’t miss out.

Awesome Giveaway!

To enter, first watch Trader Checklist. Then, at the end of this multi-part episode, you’ll be invited to take part in a quiz based on the Trader Checklist principles. Stay tuned!

What is Roland doing now?

Before getting to business as usual, Tim and Stephen catch up with trading superstar Roland Wolf.

Roland hasn’t been trading as much in recent months. The markets have been slower, Bitcoin momentum has died down, and it’s a time of watchful waiting.

Roland talks about how he still checks scans daily but he doesn’t try to force trades; rather, he adjusts to the market. The current market climate has prompted him to revisit patterns from his past, like what he calls “bottom bouncers,” to stay alive as a trader.

It’s not always ideal. “I hate dumpster diving for bargains,” he comments. But sometimes, as a trader, you’ve gotta do what you’ve gotta do.

Roland also talks about the benefits of revisiting your studies during slower times, and shares some of his go-to lessons and resources. He also shares some of his personal tips and tricks — you won’t believe what he does with sticky notes!

Oh, and he’s working on a new DVD too, so stay tuned!

On to the Trader Checklist video clips! In this episode, instead of playing several clips, the hosts focus on breaking down just one or two of Tim Sykes’ trading examples from the video.

Clip: In the clip, which is played in segments, Tim Sykes talks about stocks that he bought premarket.

Tim isn’t generally a fan of premarket buying due to the low volume and risk involved. But this was a trade he couldn’t resist, with a catalyst strong enough to warrant the buy.

Was it a success? He talks about what went right, what went wrong, and the risks you run with premarket trading.

The Steady Trade take: Tim, Stephen, and Roland all weigh in. Tim agrees with Sykes’ logic and agrees with the trade. Roland doesn’t play 52-week breakouts like this often but he’s intrigued. Stephen agrees that the chart is clean and looks promising, explaining why “these are always the ones that run.”

Clip: Delving deeper, Tim Sykes talks about the phenomenon of a dip before a spike, and how to take advantage of it. You don’t know how big the dip will be, so you have to move quickly because it can get very scary very fast.

In a series of clips, Tim discusses how he tries to mitigate the risk involved with trying to take advantage of a dip buy.

You’ll learn his thoughts on what makes a trade worthwhile, what to look at in the chart spikes, when to buy premarket, and what you stand to gain (and lose).

The Steady Trade take: The hosts talk about the risk that comes with trying to take advantage of a dip, which must be strongly considered when making such a trade. They each score this stock on all of the Sykes Sliding Scale (SSS) criteria, and the results may surprise you!

The traders also discuss the importance of being able think for yourself. The market environment is ever-changing, and you have to consider that in every trade.

One of the biggest values of the SSS is that it’s free and that it gives you a good template. You may vary it slightly to find what works for you, but having that vetting process is so important.

Got a question?

Want to ask Tim and Stephen a question about the episode? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the Steady Trade Podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.

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

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How to Build a fool-proof Watchlist https://www.steadytrade.com/ep-59-how-to-build-a-watchlist/ https://www.steadytrade.com/ep-59-how-to-build-a-watchlist/#comments Mon, 03 Sep 2018 13:00:09 +0000 https://www.steadytrade.com/?p=1221 Today, the Steady Trade Podcast presents the ninth installment of a new series, where hosts Tim Bohen and Stephen Johnson share some of their favorite trading resources. Today, you’ll learn how to build a fool-proof watchlist. Over the past several episodes, they’ve featured clips from the Tim Sykes video Trader Checklist, complete with commentary and […]

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Today, the Steady Trade Podcast presents the ninth installment of a new series, where hosts Tim Bohen and Stephen Johnson share some of their favorite trading resources. Today, you’ll learn how to build a fool-proof watchlist.

Over the past several episodes, they’ve featured clips from the Tim Sykes video Trader Checklist, complete with commentary and discussion. This episode continues the progressive discussion, digging deep into applying Trader Checklist principles to your stock choices.

Be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist

Trader Checklist is a video by Tim Sykes that features 14 chapters of invaluable trading information. It’s available for free online, so don’t miss out.

Awesome Giveaway!

To enter, first watch Trader Checklist. Then, at the end of this multi-part episode, you’ll be invited to take part in a quiz based on the Trader Checklist principles. Stay tuned!

Putting Trader Checklist principles to work: The clips featured in this episode focus on the nitty gritty of watchlists.

As Tim Bohen admits, creating a watchlist can be boring, but they’re vital to finding good stocks to trade. It’s a skill that flip flop-wearing Stephen could use some work on, because as Tim accuses, “Your feet are just as soft as your discipline.”

Clip: It’s 9:30 pm. Do you know where your watchlist is? Here, Tim Sykes shows you what he does in the post-market hours by showing you the process of making a watchlist, which he shares daily with his students.

You’ll see how he doesn’t just look at stocks as potential buys, but as sources of information about the market at large.

The Steady Trade take: Both Tim and Stephen appreciate how he does this work even if he’s not trading, so that he can share this knowledge with his students. They also talk about the benefits of adopting the practice of watchlist-making for yourself.

Clip: Tim Sykes shares a clip from Business Insider claiming that this is the most boring market ever. Tim disagrees — he thrives on seeing opportunities where others don’t. And his market niche is on fire right now!  

The Steady Trade take: As Tim and Stephen concur, with microcap stocks, things can go crazy during so-called “slow” times.

They share their thoughts on how penny stocks can buck bigger market trends, so you shouldn’t just depend on what the media tells you. Look at what is happening in the market!

Clip: Tim Sykes shares a little bit more about his watchlist-making process. He shows how rather than look at individual stocks, he looks at potential plays and patterns.

From there, he groups stocks he’s considering and further narrows down the contenders by researching things like earnings winners, spikes, and catalysts.

The Steady Trade take: Tim and Stephen explain the importance of narrowing down your choices, and explain how resources like Trader Checklist and platforms like StocksToTrade can help you refine this process.  

Clip: Tim Sykes talks percent gainers and what else entices him to trade a stock or add it to his watchlist. He explains the advantages of writing down your thoughts and thinking about the past performance of a stock.

The Steady Trade take: Both Tim and Stephen agree: they like seeing “how the sausage gets made”. This clip gives you a real-life view of how the research and thought process go when choosing stocks.  

Clip: Even if a stock is spiking, it’s not enough for Tim Sykes if it doesn’t have a perfect pattern or a great catalyst. In these cases, he’d rather watch a stock rather than jump in.

The Steady Trade take: As Tim Bohen wisely says, “He who chases many rabbits catches none.” Basically, getting stocks off your watchlist is a good thing, because it means less stocks to monitor.

Tim and Stephen discuss why it can be best to wait for better volume and patterns, and why you should consider the market as it is right now rather than trying to project your hopes on it.

Got a pressing question?

Do you have questions for Tim and Stephen about the episode? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the Steady Trade Podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.

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

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Should You Trade The Morning Spike? https://www.steadytrade.com/ep-58-trade-morning-spikes/ https://www.steadytrade.com/ep-58-trade-morning-spikes/#comments Thu, 30 Aug 2018 13:00:49 +0000 https://www.steadytrade.com/?p=1210 In today’s episode, the Steady Trade Podcast brings you the eighth installment of a new series, where hosts Tim Bohen and Stephen Johnson share some of their favorite trading resources. In past several episodes, they’ve featured Trader Checklist example clips from Tim Sykes, complete with commentary and discussion. This episode continues the discussion, with more […]

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In today’s episode, the Steady Trade Podcast brings you the eighth installment of a new series, where hosts Tim Bohen and Stephen Johnson share some of their favorite trading resources.

In past several episodes, they’ve featured Trader Checklist example clips from Tim Sykes, complete with commentary and discussion. This episode continues the discussion, with more trading examples from Sykes and detailed analysis from your hosts.

Be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist

Trader Checklist is a video by Tim Sykes that features 14 chapters of invaluable trading information. It’s available for free online, so don’t miss out.

Awesome Giveaway!

To enter, first you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll be invited to take part in a quiz based on the Trader Checklist clips. Listen to the full episode for more details.  

Mastering the Sykes Sliding Scale:

In today’s episode, the clips focus on more Trader Checklist example trades, using the Sykes Sliding Scale (SSS) to determine a stock’s worthiness.

Clip: Here, Tim Sykes talks about a stock he bought at $5.30 and sold at about $6. Awesome, right? The stock kept climbing, but at a certain point it started to fall.

Does this mean it’s no longer a good investment? Not necessarily. When it falls back down it can be a good dip buy. When should you dip buy, though?

The Steady Trade take: This is a great example of why it’s so important to look at a stock’s past performance. Both Tim and Stephen agree that while history may not repeat itself to the letter, it usually follows closely enough that it should be taken into consideration.

By taking the time to look at the historical performance of a stock, you can make a better determination of when to buy and when to exit. By considering these important aspects of the trade, you’re more likely to be able to create (and stick to) a solid trading plan.

Don’t miss their specific tips on why you need to look at different timelines to determine support and resistance!

Clip: Are you familiar with supernovas? These are stocks that have gone wild recently. Tim Sykes loves them, and presents several supernovas he’s been looking at as potential buys.

He talks about what he looks for, including keeping a close eye on whether they start up-trending with volume.

He also explains what he looks for premarket and in the morning spikes, and how these findings can be an indication of bigger movement in the future.

The Steady Trade take: Tim and Stephen evaluate Sykes’ thought process, and talk about what they both look for in spikes.

Which is better, they muse, the morning spike, or the 10 a.m. spike? In the episode, you’ll learn important lessons about the various spikes throughout the day and how to use them to your advantage.

Maybe you’ll agree with Tim Bohen’s adage of “letting the stock prove itself,” or maybe you’ll prefer to take more proactive steps in the trade.

No matter your approach, you’ll gain insight on ideas for how to approach supernovas, including how to choose a stock and what signs to look for to stop out.  

Clip: Here, Tim Sykes introduces a stock he’s looking at and guides you through the process of scoring it with the SSS.

This a low-float, high-volume stock looks like a dream: It has a history of running, and it’s a top percent gainer …

How do you think it will score on the scale?

The Steady Trade take: Before they listen to the final score from Sykes, they do their own rating of the stock based on the scale.

They look at the benefits, like easy entry and exit, and also consider tips for troubleshooting and timing such a trade, since the time of day really matters.

You’ll also learn a great tip about how to re-enter a potential trade in the afternoon, even if you miss out on the morning action!  

Got an inquiry?

Did this episode inspire a question or comment for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the Steady Trade Podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.

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

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The Sykes Sliding Scale https://www.steadytrade.com/ep-57-sykes-sliding-scale/ https://www.steadytrade.com/ep-57-sykes-sliding-scale/#comments Mon, 27 Aug 2018 10:00:17 +0000 https://www.steadytrade.com/?p=1191 Today, the Steady Trade Podcast is offering up the seventh installment of a new series wherein hosts Tim Bohen and Stephen Johnson are their favorite trading resources, and more specifically- the Sykes Sliding Scale (SSS). In the past several episodes, they’ve been featuring Trader Checklist clips from Tim Sykes, complete with commentary and discussion. Be […]

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Today, the Steady Trade Podcast is offering up the seventh installment of a new series wherein hosts Tim Bohen and Stephen Johnson are their favorite trading resources, and more specifically- the Sykes Sliding Scale (SSS).

In the past several episodes, they’ve been featuring Trader Checklist clips from Tim Sykes, complete with commentary and discussion. Be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist

Trader Checklist is a video by Tim Sykes which features 14 chapters of invaluable trading information. It’s available for free online, so don’t miss out!

Awesome Giveaway!

To enter, first you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll be invited to take part in a quiz based on the Trader Checklist clips. Listen to the full episode for more details!

Let’s put Trader Checklist to work! In today’s clips, Tim Sykes discusses actual stock plays and how he uses the SSS (Sykes Sliding Scale) to rate them and decide whether or not to make trades.

Clip: Tim Sykes talks about how to look for big gainers. His method? Using StocksToTrade to monitor the stocks and looking for catalysts to see when he might have a good entry.

The Steady Trade take: Tim is first to admit that since he works for StockstoTrade, he may be biased. Nonetheless, he and Stephen agree it’s the ultimate tool for momentum traders.

They also talk about what to look for in momentum stocks and offer cautions about what discerns an earnings winner that is truly gapping up on volume.

Clip: Here, Sykes shows a 2-day chart of a stock and reviews the company’s news and filings, showing you how to determine if it’s a good investment.

The Steady Trade take: Tim and Stephen talk about why the past performance is so important to review when considering a trade, and they also discuss how this trade stacks up on the SSS (Sykes Sliding Scale).  

Clip: Tim introduces another chart and discusses the pattern price of the stock in question, evaluating whether it’s a breakout or simply overextended. Is it worthwhile to invest in a company with a decent score versus a great one on the SSS?

The Steady Trade take: Hosts Tim and Stephen find it fascinating to see Sykes break down a trade, and talk about what they disagree and agree with and whether or not they’d buy in this scenario.

Clip: Tim introduces a “bad sushi” example (as discussed in Episode 55) of a trade. A stock has spiked, but the pattern and the price are not ideal and are not his pattern.

The Steady Trade take: The hosts talk about the obvious cons, but potential pros, of a desperation play. If a stock only has a 50 rating on the SSS, what is a trader to do?

Clip: Tim talks about how if he misses a morning spike, he’s not going to force the trade, but rather, he is going to ask “can it spike again?”. If you’re not sure if you’ve missed out on the peak time to make a trade, it may be the best idea to sit this one out.

The Steady Trade take: Stephen and Tim discuss an important topic: is it better to try to make a trade, or to deal with FOMO?

The Quiz results!

Last week, Tim and Stephen offered up a ticker to test the Sykes Sliding Scale, with the opportunity to compare your results to Tim Bohen’s in this week’s episode.

In the episode, you’ll get the full details on the quiz, but here’s a cheat sheet:

  1. Go to profit.ly/sss
  2. Test the ticker CVSI as if you are making a trade on Monday, August 6th 2018 during the late day.

In this week’s episode, they go through the SSS criteria one by one and Tim gives it his rating. Listen in and see how your results stack up!

Got questions?

Got a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Crucial Trader Checklist Tips To Remember https://www.steadytrade.com/ep-56-crucial-trader-checklist-tips-6-of-14/ https://www.steadytrade.com/ep-56-crucial-trader-checklist-tips-6-of-14/#comments Thu, 23 Aug 2018 13:00:39 +0000 https://www.steadytrade.com/?p=1185 Today, the Steady Trade Podcast is offering up the sixth installment of a new series wherein hosts Tim Bohen and Stephen Johnson are their favorite trading resources. In the past several episodes, they’ve been spotlighting Trader Checklist clips from Tim Sykes, complete with commentary and discussion. Be sure to check out this episode on YouTube […]

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Today, the Steady Trade Podcast is offering up the sixth installment of a new series wherein hosts Tim Bohen and Stephen Johnson are their favorite trading resources.

In the past several episodes, they’ve been spotlighting Trader Checklist clips from Tim Sykes, complete with commentary and discussion. Be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist

Trader Checklist is a video by Tim Sykes which features 14 chapters of invaluable trading information. It’s available for free online, so don’t miss out!

Awesome Giveaway!

To enter, first you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll be invited to take part in a quiz based on the Trader Checklist clips. Listen to the full episode for more details!

Featured clips

In Part 6 of the review episode, Tim and Stephen continue discussing Trader Checklist:

Clip:

Tim Sykes urges you to have a life. You don’t need to be at the computer from 9-4. Don’t become a slave to trading: make a schedule based on the best times to trade, carve out time for your research, and take advantage of opportunities.

The Steady Trade take: Tim and Stephen believe you do need to be ready to trade every morning and have to be prepared, but there is no reason to sit there all day long. They talk about the importance of tracking the time of day of your successful trades to help make patterns make sense.

Clip:

Here, Tim Sykes talks about how there’s a lot more volatility in an overnight position versus intraday. You can’t get out, and there could be negative news that could affect your position. He also addresses how he tries to find an edge.

The Steady Trade take: Tim Bohen talks about how he loves this style of trading. It’s also beloved by new traders because it’s a PDT loophole, meaning if the stock gaps up the next day, you don’t have to use one of your precious trades. Tim and Stephen talk about common rookie mistakes in this type of setup, like trying to gap a stock with no news.

Clip:

Tim Sykes talks more about overnight positions, and how they can be risky due to factors that have nothing to do with the stock! For instance, a huge economic rise or fall could change everything in the market.

The Steady Trade take: Yes indeed, you can get in sticky situations with overnight holds. Tim and Stephen discuss some of the things that could happen overnight to plummet the stock and your account.

Clip:

There’s never a sure thing in trading, warns Tim Sykes. No matter what milestone you are passing, you have to keep your nose to the grind. Take opportunities as they come.

The Steady Trade take: It happens all the time: traders will have a little success and then they’ll think it’s a sure thing and they’ll start upgrading their goals. Unfortunately, it doesn’t always work like this. They talk about how to better react to the market as it is right now.

Clip:

Tim Sykes very rarely buys in the premarket. Why? Because the catalyst is rarely incredible enough to warrant it, and when shorting, the shares can be very hard to come by.

The Steady Trade take: Both Tim and Stephen are similarly wary of premarket trading. They explain why, and offer tips for how to approach the premarket.  

Clip:

Tim Sykes introduces a calculator he’s configured for Profit.ly wherein you can implement the principles he’s introduced in the video and give every potential trade a score based on various criteria.

The Steady Trade take: Tim and Stephen discuss the calculator and how to use it…then go into the best part of the show…the quiz!

The Quiz

In the episode, you’ll get the full details on the quiz, but here’s a cheat sheet:

  1. Go to profit.ly/sss
  2. Test the ticker CVSI, as if you are making a trade on Monday, August 6th 2018 during the late day.
  3. Try to implement the strategies detailed in Trader Checklist on the calculator
  4. Score it.
  5. Next week, follow along to see if you followed the same thought process as Tim Bohen!

Got questions?

Got a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything.

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

The post Crucial Trader Checklist Tips To Remember appeared first on SteadyTrade.com.

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Trader Checklist Tips To Remember PART 5 https://www.steadytrade.com/ep-55-trader-checklist-tips-to-remember/ https://www.steadytrade.com/ep-55-trader-checklist-tips-to-remember/#comments Mon, 20 Aug 2018 13:00:54 +0000 https://www.steadytrade.com/?p=1179 Episode 55: Trader Checklist Tips to Remember Part 5/14 of the Trader Checklist Review Today, the Steady Trade Podcast brings you the fifth installment of a new series wherein hosts Tim Bohen and Stephen Johnson are sharing some of their favorite trading resources. First up? The Tim Sykes video entitled Trader Checklist. In the past […]

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Episode 55: Trader Checklist Tips to Remember

Part 5/14 of the Trader Checklist Review

Today, the Steady Trade Podcast brings you the fifth installment of a new series wherein hosts Tim Bohen and Stephen Johnson are sharing some of their favorite trading resources.

First up? The Tim Sykes video entitled Trader Checklist. In the past several episodes, they have been playing clips from the video and offering commentary and discussion. Once again, be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist


Trader Checklist is a video by Tim Sykes which features 14 chapters of invaluable trading information. For each category and indicator covered, he’s set a numerical value of importance. It’s available for free online, so don’t miss out!

Awesome Giveaway!

To give you an even bigger incentive to check out this incredible video, Tim and Stephen have a giveaway going on.

To enter, first you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll take part in a quiz based on the Trader Checklist tips, numerically rating stocks per the system in the video. If your grade matches Tim Bohen’s grade, you will win a prize (still TBA).

Featured clips

In Part 5 of the review episode, Tim and Stephen feature continue discussing Trader Checklist tips.

Clip:

According to Tim Sykes, too few traders appreciate the importance of an easy entry and exit. This is something you need to think about before you take a position so that you don’t get stuck!

The Steady Trade take: Stephen has been stung by this scenario, and shares his experience. Both hosts offer important cautions about why you should avoid illiquid stocks.

Clip:

According to Tim, buying is much easier than shorting. In the clip, he discusses why the need to borrow shares to bet against the stock can be tricky.

The Steady Trade take: Tim and Stephen agree: borrows can get hot, and short selling can get complicated! They offer some important tips for why not to get too mentally invested in a short sale.

Clip:

Here, Tim Sykes talks about seasonal aspects that come into play with stocks, and how toward the end of the year, many people unload their positions for tax reasons. How can this create trading opportunities?

The Steady Trade take: There’s definitely a seasonal aspect to stocks when in the early part of the year there’s optimism about stocks and later in the year people are more likely to sell. Tim and Stephen discuss their own approaches to taking advantage of this phenomenon.

Clip:

Tim Sykes talks about supply and demand. Simply put, if there are too many buyers and not enough sellers, the price will go up. If there are too many sellers and not enough buyers, the price will lower. These are important dynamics of stock market economics.

The Steady Trade take: Tim and Stephen talk about the greater ripple effects of supply and demand and how it can affect your investment. They talk about how, among other things, looking at historical data can help give you an edge.

Clip:

Tim Sykes addresses an important topic: how cutting losses quickly can really help you help from losing big positions. While many people short sell without thinking about the risks, Tim prefers to “trade scared”.

The Steady Trade take: Tim and Stephen discuss the pros and cons of cutting losses prematurely and offer insight about whether or not you should hold a stock overnight.

Clip:

Here, Tim Sykes addresses big companies. Are they really better investments? He offers his thoughts on this important subject.

The Steady Trade Take: Tim Bohen talks about the advantages of market cap small versus large. His take? If you want to make 1 percent, trade the big guys. If you want to grow a small account, focus on the small market caps. Listen to the episode to find out why!

Clip:

Here, Tim Sykes looks at patterns not to buy, and what he calls the “bad sushi” example. Basically, there’s usually a reason why it’s on sale. This is one of the most important Trader Checklist tips!

The Steady Trade take: Tim and Stephen talk about charting and how to find the good tickers. They talk turkey (not sushi) about what to actually look for and how to sift through the junk to find the treasures for your trading style.

Got questions?

Got a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.  

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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A Guide To Short-Selling: Trader Checklist Review 4 of 14 https://www.steadytrade.com/ep-54-a-guide-to-short-selling/ https://www.steadytrade.com/ep-54-a-guide-to-short-selling/#comments Thu, 16 Aug 2018 13:00:36 +0000 https://www.steadytrade.com/?p=1167 Today’s episode of the SteadyTrade Podcast is the fourth installment in an informative new series wherein hosts Tim Bohen and Stephen Johnson are sharing some of their favorite trading resources. In the past several episodes, they’ve opened up a discussion about the Tim Sykes video entitled Trader Checklist. This episode continues the commentary on the […]

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Today’s episode of the SteadyTrade Podcast is the fourth installment in an informative new series wherein hosts Tim Bohen and Stephen Johnson are sharing some of their favorite trading resources.

In the past several episodes, they’ve opened up a discussion about the Tim Sykes video entitled Trader Checklist. This episode continues the commentary on the video, with more clips and discussion. Once again, be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist


Trader Checklist is a video by Tim Sykes which features 14 chapters of invaluable trading information. For each category and indicator covered, he’s set a numerical value of importance. It’s available for free online, so don’t miss this incredible resource!

Awesome Giveaway!

To give you an even bigger incentive to check out this incredible video, Tim and Stephen have created a giveaway!

To enter, first, you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll take part in a quiz, numerically rating stocks per the system in the video. If your grade matches Tim Bohen’s grade, you will win a prize (still TBA).

Featured clips

In Part 4 of the Trader Checklist review episode, Tim and Stephen continue discussing various clips:

Clip 19:

Tim Sykes is in favor of short-selling. In this clip, he discusses how the art of short-selling can be tricky because you “can’t wait for it to crack before you short”. A trader has to be proactive to ensure that shares will be available!  

The SteadyTrade take: Tim and Stephen talk about their approaches to potential short sales and how it can be tricky. They discuss their unique approaches and offer some wisdom about the pitfalls of short selling.

Clip 20:  

Tim Sykes doesn’t like trading tickers with a Q at the end. This means the company is bankrupt, which some traders believe can create opportunities as sometimes assets are picked up by hedge funds and the stock can peak for a moment.

The SteadyTrade take: If you want to know more about this phenomenon, Tim suggests googling “five digit tickers” to learn more about these so-called “Q’s”. Tim and Stephen talk about their thoughts on these trades.

Clip 21:

If you ever think that Sykes is a genius, think again. He talks about how he makes plenty of mistakes, but if anything, this should inspire you: if he’s still made millions, it’s possible for anyone. However, Sykes makes it very clear that learning to short-sell won’t be easy. 

The SteadyTrade take: While they agree that Tim Sykes is not a bad trader, they do think he has a good point. Average traders can mount wins over time and make great profits.

Clip 22:

Tim Sykes talks about pump and dumps and how they are constantly shape-shifting. He offers a specific example and discusses how penny stocks are fraught with risk, so you want to be prepared!

The SteadyTrade take: Tim and Stephen talk about how times, and pump and dump schemes, eventually change. However, they are not gone: they just change form. This is an important topic for every trader.

Clip 23:

Trade cowardly! Tim Sykes doesn’t mind selling too soon. He’d rather have a safe exit and not make as many profits in a trade. After all, the industry is volatile; it’s better to be safe than sorry.

The Steady Trade take: Tim and Stephen talk about the benefits of being a little scared when trading. If you gamble big, you can lose big. This is something they appreciate about Sykes’ teachings: he teaches you how to choose your own adventure as a trader versus hyping risky approaches.

Clip 24:

Tim talks about an experience he had while filming the show Below Deck, wherein he had students aboard a 12 million dollar yacht. A student who was an early adopter of StocksToTrade tipped him off on a hot stock. Though it didn’t have a great entry, he went for it because well, he was on TV and he wanted to impress. Curious to hear what happened? Listen to the episode!

The SteadyTrade take: Tim and Stephen discuss many important short-selling topics, including video editing that paints Sykes in a certain manner, how it feels to be on a fancy yacht, and how they feel the play went. You’ve got to hear this!

Got questions?

Got a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.  

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Trader Checklist Review 3 of 14 https://www.steadytrade.com/ep-53-trader-checklist-review-3-of-14/ https://www.steadytrade.com/ep-53-trader-checklist-review-3-of-14/#comments Mon, 13 Aug 2018 13:00:54 +0000 https://www.steadytrade.com/?p=1151 Today’s episode of the SteadyTrade Podcast is the third installment in an informative new series wherein hosts Tim Bohen and Stephen Johnson are sharing some of their go-to trading resources. In Episodes 51 and 52, they began a discussion about a Tim Sykes video entitled Trader Checklist. This episode continues the commentary on the video, […]

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Today’s episode of the SteadyTrade Podcast is the third installment in an informative new series wherein hosts Tim Bohen and Stephen Johnson are sharing some of their go-to trading resources.

In Episodes 51 and 52, they began a discussion about a Tim Sykes video entitled Trader Checklist. This episode continues the commentary on the video, with more clips and discussion. Once again, be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist
To recap, Trader Checklist is a video by Tim Sykes which features 14 chapters of invaluable trading information. For each category and indicator covered, he’s set a numerical value of importance. It’s available for free online, so don’t miss this incredible resource!

Awesome Giveaway!

To sweeten the incentive to check out this incredible video, Tim and Stephen have created a giveaway!

To enter, first, you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll take part in a quiz, numerically rating stocks per the system in the video. If your grade matches Tim Bohen’s grade, you will win a prize (still TBA).

Featured clips

In Part 3 of the Trader Checklist review episode, Tim and Stephen continue discussing various clips:

Clip 12:

In this clip, Tim Sykes discusses technical analysis and some of his favorite chart patterns to use and why.

The SteadyTrade take: Tim and Stephen open up the conversation, talking about some of their favorite chart patterns. For instance, did you know that ascending triangles make Tim feel verrrrry romantic? Stephen uses his own anatomy to demonstrate his own favorite patterns and what to look for in various chart setups, so don’t miss the video!

Clip 13:

Most people are looking for hot plays right when the market opens. To take advantage of opportunities, you need to understand setups ahead of time so that you have an edge. This goes beyond just watching alerts!

The SteadyTrade take: Both hosts agree that yes, alerts are very important. However, no trader should make trades based solely on what the alerts have to say. You’ll learn why you need to build your own research process and watch lists to find long-term success.

Clip 14:

Tim Sykes likes to see an uptrend before a breakout, but he doesn’t necessarily look to the news to guide him toward the best stocks. Sometimes, there is no news that precedes a breakout.

The SteadyTrade take: Tim and Stephen talk about the benefits of waiting until a stock actually breaks. They go through an actual chart example and discuss what to look for in the chart in terms of seeing the breakout and watching to see if it breaks a key level.

Clip 15:

It may seem counterintuitive, but dip buys don’t always work with penny stocks. If a stock drops dramatically, it usually isn’t a positive sign for penny stocks.

The SteadyTrade take: The hosts agree that penny stocks can be very manipulated and sketchy. So dip buying doesn’t reliably work. Both Tim and Stephen have lost money this way and have advice for how you can avoid losing.

Clip 16:

Tim Sykes always tries to honor his own rules for choosing stocks. He shows some examples and says how FOMO shouldn’t make you make rash decisions about a trade. Even if you have a chance, you sometimes are better off playing it safe.

The SteadyTrade take: Tim and Stephen discuss their own personal approaches to trades and Tim focuses on how he switched gears from short selling to longer approach.

Clip 17:

Tim Sykes uses an example of a stock he purchased that didn’t react to what he thought was a huge catalyst. It goes to show that you can never know what will happen with a stock. Some stocks will spike on news, some will not. You need to be receptive.

The SteadyTrade take: Tim and Stephen agree: news and stocks can be fickle. You can’t know what will spike a stock.

Clip 18:

Tim might buy a company’s stock and then short sell it the very next day! He isn’t loyal to a position: he follows the charts and the price and the pattern.

The SteadyTrade take: While Tim and Stephen agree that you should follow the data, they warn strongly about this so-called “flip-flopping” and explain why.

Got questions?

Got a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.

Thanks for tuning in to the SteadyTrade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Trader Checklist Review 2 of 14 https://www.steadytrade.com/ep-52-trader-checklist-review-2-of-14/ https://www.steadytrade.com/ep-52-trader-checklist-review-2-of-14/#comments Thu, 09 Aug 2018 13:00:10 +0000 https://www.steadytrade.com/?p=1144 Today’s episode of the Steady Trade Podcast is the second installment in an exciting new series wherein hosts Tim Bohen and Stephen Johnson spotlight some of their favorite trading resources. In our last episode, they began a discussion about Tim Sykes video entitled Trader Checklist. This episode continues the review of the video, with more […]

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Today’s episode of the Steady Trade Podcast is the second installment in an exciting new series wherein hosts Tim Bohen and Stephen Johnson spotlight some of their favorite trading resources.

In our last episode, they began a discussion about Tim Sykes video entitled Trader Checklist. This episode continues the review of the video, with more clips and commentary. Once again, be sure to check out this episode on YouTube to see the accompanying video!

About Trader Checklist


Just to recap, Trader Checklist is a video by Tim Sykes which features 14 chapters of invaluable trading information. For each category and indicator covered, he’s set a numerical value of importance. It’s available for free online, so don’t miss this incredible resource!

Awesome Giveaway!

To sweeten the incentive to check out this incredible video, Tim and Stephen have created a giveaway!

To enter, first, you need to watch Trader Checklist. Then, at the end of this multi-part episode, you’ll take part in a quiz, numerically rating stocks per the system in the video. If your grade matches Tim Bohen’s grade, you will win a prize (still TBA).

Featured clips

In Part 2 of the Trader Checklist review episode, Tim and Stephen feature continue discussing various clips:

Clip 7:

Where did Tim Sykes get the idea to rate stocks? He discusses some of his inspiration for rating stocks and how he chose the indicators listed in his Trader Checklist formula; you’ll learn about the CAN SLIM acronym, which every trader should know!

The Steady Trade take: Tim and Stephen discuss the benefits of an indicator based approach to penny stocks and how while it might seem simplistic, it really does pay off.

Clip 8:

Tim addresses how many people think that short selling is a big conspiracy. He uses the example of Sirius XM radio, which many thought was held back from its true potential by scheming short sellers. and explains how that’s not the case at all; it’s all about shares outstanding.

The Steady Trade take: Tim and Stephen agree: supply and demand is what rules what happens with stock prices going up or down. No matter how much you believe in a company, It’s shares outstanding, float (the shares that are available on the free market), and volume that you need to consider. They discuss why.

Clip 9:

Tim talks about a trader he admires and shows some of his public trades before he went pro. He uses this as an example of how to look at a successful trader’s trajectory and methods, and how he or she narrows down his stock choices, and to learn from this information.

The Steady Trade take: By looking at traders’ successes, you can begin to reverse engineer what they did correctly. No, you can never copy any trader to the letter, but you can use their success as a resource and inspiration to form your own method of filtering down trades to meet your personal criteria.

Clip 10:

Here, Sykes focuses on the SSS the Sykes Sliding Scale. He’ll introduce you to his PREPARE acronym, which includes things you should look at, including pattern and price, risk and reward, ease of entry and exit, and more.

The Steady Trade take: Tim and Stephen talk about Sykes’ PREPARE acronym and how valid it is as a checklist, discussing each point and considerations that you as a trader should keep in mind.

Clip 11:

The more obvious the pattern, the more traders will be interested in taking the same position. So you need an edge, and this requires plenty of study of the past to be prepared for the future. Tim Sykes knows this, so he considers himself a “glorified history teacher”.

The Steady Trade take: Tim and Stephen talk about how charts can help you gain an edge by looking at the past and looking at consistently repeatable things. If everyone is scanning the same stocks, you need to be prepared so that you can be the early bird.

Got questions?

Got a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.  

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Trader Checklist Review 1 of 14 https://www.steadytrade.com/ep-51-trader-checklist-review-1-of-14/ https://www.steadytrade.com/ep-51-trader-checklist-review-1-of-14/#comments Mon, 06 Aug 2018 13:00:01 +0000 https://www.steadytrade.com/?p=1132 Today’s episode of the Steady Trade Podcast is the first installment in an exciting new series. Every trader has go-to resources; now, hosts Tim Bohen and Stephen Johnson want to introduce you to some of their personal favorites. First up? The Tim Sykes video entitled Trader Checklist. In the episode, Tim and Stephen evaluate clips […]

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Today’s episode of the Steady Trade Podcast is the first installment in an exciting new series. Every trader has go-to resources; now, hosts Tim Bohen and Stephen Johnson want to introduce you to some of their personal favorites.

First up? The Tim Sykes video entitled Trader Checklist. In the episode, Tim and Stephen evaluate clips from the video with their commentary. Be sure to check this one out on YouTube so that you can see the accompanying video!

About Trader Checklist

Trader Checklist is a video by Tim Sykes which features 14 chapters of invaluable trading information. For each category and indicator covered, he’s set a numerical value of importance.

This allows traders to prioritize in their research findings and gives a framework to determine the importance of various indicators.

The best part? It’s totally free.

Awesome Giveaway!

Both SteadyTrade hosts are big fans of the video and encourage you to check it out. To further entice you, they’ve created a contest!

To enter, first, you need to watch Trader Checklist. Then, at the end of this two-part episode, you’ll take part in a quiz, numerically rating stocks per the system in the video. If your grade matches Tim Bohen’s grade, you will win a prize (still TBA).

Featured clips

In the episode, Tim and Stephen feature and discuss various clips from the DVD:

Clip 1:

In the intro, Tim Sykes explains how Trader Checklist is a guide to help you prepare before risking your money. It offers a way to choose the best stocks to trade and to handle them properly.

The Steady Trade take: Hosts Tim and Stephen discuss Tim’s history and how the fact that he never had a mentor is a powerful part of why this video is so amazing: he is imparting exactly the knowledge he wishes he had when he was first starting out as a trader.  

Clip 2:

Tim Sykes never promised you a rose garden with trading, but rather a real-life education. Don’t expect it to be easy, though!  

The SteadyTrade take: As hosts, Tim and Stephen agree, Tim Sykes’s honesty is sometimes harsh but also refreshing. The failure rate is real, and trading can be difficult. Don’t expect a lollipop!  

Clip 3:

Tim posts his track record on screen and talks about it candidly. His percentage earnings are pretty crazy and it is tempting to think it is too good to be true…is it? Can these methods be scaled?

The SteadyTrade take: In the scheme of things, trading penny stocks is still a small sector, and that this fact allows the returns to be dramatic at times. But only if you approach trades with the right mindset and are very willing to do your research!

Clip 4:

As Tim Sykes warns, trading isn’t Vegas. You shouldn’t be trading for the action or for the thrill. As he explains, he wants you to come to a win rate equal to that of his best students, which can range as high as 60 to 70 percent**, and he explains what it takes.

The SteadyTrade take: Stephen agrees failure to prepare is preparing to fail. Sticking to the plan and being consistent can be boring especially since new traders are so addicted to the adrenaline. He and Tim speak about how to avoid this common pitfall.

Clip 5:

Tim never relies on hot tips. His indicators protect him from losses and improve his odds of success in every trade. That is his motivation with investment. He suggests investing in your odds of success by educating yourself.

The SteadyTrade take: It’s common for new traders to just want to follow the latest tips via twitter or alerts services. But don’t fall into that trap. You need to build a personal case for your trade.  

Clip 6:

The indicators are so complicated, how can I keep on trading and keep track of all of them? How do I know what is working? As Tim Sykes admits, this is tough and takes time.

The SteadyTrade take: Things begin to come together as you gain more knowledge about trading. Something begins to happen when you develop your style, and you’re better able to use the indicators to help figure out a plan.

Got questions?

Got a question for Tim and Stephen? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.  

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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When are the BEST times to trade? https://www.steadytrade.com/ep-50-best-times-to-trade/ https://www.steadytrade.com/ep-50-best-times-to-trade/#comments Mon, 30 Jul 2018 13:00:21 +0000 https://www.steadytrade.com/?p=1120 It’s hard to find time to trade- let alone the best times to trade. Maybe you have a job, school, kids, or maybe all of the above. Or perhaps like host Stephen Johnson, who lives in Dubai, you live in a time zone where the US markets aren’t operating at convenient times. For most traders, […]

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It’s hard to find time to trade- let alone the best times to trade. Maybe you have a job, school, kids, or maybe all of the above. Or perhaps like host Stephen Johnson, who lives in Dubai, you live in a time zone where the US markets aren’t operating at convenient times.

For most traders, time is at a premium. It can be particularly difficult as a new trader when you’re trying to get your feet wet in the world of finance yet still trying to juggle your everyday responsibilities. This episode is very applicable and offers real-world tips on time strategies to maximize your trading routine and discover the best times to trade.

There are very few full-time traders.

While their lives very much revolve around trading, hosts Tim and Stephen are not technically full-time traders.

Tim started out as a part-time trader for 6 years. He dealt with having a business and family while also trying to build a consistently profitable trading career into that routine.

Stephen holds a full-time marketing job, so he fits in trades at odd hours and during breaks.

This is not unusual. While sure, it would be great to be a full-time trader, very few will have that luxury, especially at first. So it’s important to get smart about time management and! Sometimes the best times to trade are the times that you’re able to trade at all. 

Time strategies for successful trading

In the episode, Tim and Stephen will offer some invaluable tips for managing time while trading. While some will come as no surprise, others may be revelations. Here are some highlights:

  • There are opportunities everywhere, and at every time of day. Remember, there are opportunities everywhere, regardless of when and where you are trading.

    Even if you prefer to execute trades during the morning rush in the market, there is plenty of other legwork that can be done at more convenient times of day for you, like the evenings. In the episode, Tim and Stephen explore the best approaches for different time zones and different situations.
  • Go with trades that work with your schedule. When Tim was first starting out, he took advantage of “late day fades” because they worked out with his routine. He would watch gainers early, check out his watch list, short them with fading volume, and take advantage of it. It worked with his schedule because he had a business at the time, so that’s the trading method he went with.
  • Work smarter, not longer. You shouldn’t work 15 hour days. You’ll burn out, you’ll make mistakes, and you’ll probably just be doing busy work. More time spent in front of your computer isn’t necessarily better. Work smarter, not longer or harder! As Tim wisely puts it, many traders get into trouble when they adopt the mindset of “I have to make a trade or I’m wasting my time”.
  • Wake up early. The morning is the perfect time to do research on potential trades without interruption. You can do it the night before, but Tim likes the early morning because you get the futures markets, morning reactions, and you can review the top gainers from the day before.

Stephen’s daily routine

In the episode, Stephen dishes on his daily routine, from the moment he wakes up in his liquor-soaked bed of sin to the wee hours when he drunkenly stumbles to bed.

But seriously. Stephen talks about his tricks and tips for making trading work when you have a full-time job. He talks about his priorities for research and how he goes about his trading.

Additionally, he dishes on when he executes trades–the answer might surprise you! He even goes into detail about the times of day at which a bullish or bearish market might be better for investing.

Tim’s tips

In the episode, Tim offers many of his hard-earned tips for managing time as a trader and how to discover the best times to trade.

For instance, keeping a trading journal and keeping “binders full of charts” can be invaluable to a trader who has little time. It gives you data to analyze, consider, and helps you make a strong plan of attack for tomorrow or when you do have more time to trade.

He and Stephen also talk about specific tips for making your time more effectively as a trader, including habits to drop, how to improve your trading psychology, and focusing on what matters.

So, what are the best times to trade? Listen to the full episode to find out!

Got a pressing question?

Do you have a trading question for Tim and Stephen? Be sure to visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.  

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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New Millionaire Mark Croock Part 2 https://www.steadytrade.com/ep-49-new-millionaire-mark-croock-p2/ https://www.steadytrade.com/ep-49-new-millionaire-mark-croock-p2/#comments Mon, 23 Jul 2018 13:00:07 +0000 https://www.steadytrade.com/?p=1107 Last week, hosts Tim Bohen and Stephen Johnson began an interview with the incredibly talented (and new millionaire) trader Mark Croock. Part 1 of the interview focused on Mark’s backstory, beginnings as a trader, and some of his trading philosophies. In this week’s installment, you’ll learn how Mark’s trading style has changed over the years, […]

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Last week, hosts Tim Bohen and Stephen Johnson began an interview with the incredibly talented (and new millionaire) trader Mark Croock. Part 1 of the interview focused on Mark’s backstory, beginnings as a trader, and some of his trading philosophies.

In this week’s installment, you’ll learn how Mark’s trading style has changed over the years, what about the market has him excited these days, and several vital tips for traders who are just starting out.

RIP Pump & Dumps

As discussed in Part 1 of the interview, identifying pump and dumps as opportunities to sell short was how Mark initially began to profit as a trader. Of course, this was in 2010, or during what host Tim calls the “golden age of shorting junk”.

The fact is, a new trader couldn’t hope to replicate Mark’s early success today, because the market has changed. These days, pump and dumps aren’t presenting themselves in the same ways as they used to. The golden age is over; the market has shifted, and Mark had to shift his approach, too.

What now?

What sectors of trading are exciting to Mark these days? In the episode, he speaks with Tim and Stephen about some of his current trading setups and what is working in the market right now.

Mark, Tim, and Stephen also discuss the overall importance of finding an edge when trading penny stocks, and the importance of monitoring stock moves for just about any setup.

Mark’s big lessons for new traders

To close out the interview, Mark imparts some wisdom to new traders. Here are some of the bullet points you’ll learn more about in the episode:

  • Restraint is key. Sometimes the best trade is no trade. This is one of the most important trading lessons you can learn!
  • What is the ideal number of trades someone should be taking? If you ask Mark, it’s less about a number and more about finding that perfect setup.
  • Trading is only a small part of the process. Pushing the order button only takes a moment, but a lot of the legwork is research and education. This makes it extra important to focus on your studies.
  • Timing matters in a big way. In terms of trading, aim for the morning and the evening, and be cautious in the middle of the day when there is less in play.
  • Technical analysis is so important. Trading is a game of risk and reward, so it’s vital to do all of the research you can to determine whether or not your potential trade is a good idea. This is the difference between a risk and a calculated risk.
  • Education is so key to success. Continuing to learn from mentors and lessons is important, even when you begin to profit as a trader. Possibly even more important, because it helps you remember the vital basics that keep you trading responsibly.
  • If you’re trading with a small account, be smart. Don’t take huge positions and don’t be a bag holder! In the episode, the hosts and Mark discuss specific tips on how to trade smarter with a small account.

Mark’s resources

Mark also offers advice and tips for new penny stock traders. He dishes on his specific picks for resources for new traders to start, from the Tim Sykes DVDs to videos and webinars and video lessons.

Mark’s final thoughts

Moreover, what Mark wants to impart to newbies is that you don’t need to be a genius to be a brilliant trader. It’s more about sticking with it over time. Few people have the massive amount of willpower required to make it through the years of studies and trials and errors necessary to find success, but for those who do, there are many rewards.

Got questions?

Do you have a question for Mark to expand upon, or about trading in general? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.  

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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New Millionaire Mark Croock Part 1 https://www.steadytrade.com/ep-48-new-millionaire-mark-croock-p1/ https://www.steadytrade.com/ep-48-new-millionaire-mark-croock-p1/#comments Mon, 16 Jul 2018 13:00:17 +0000 https://www.steadytrade.com/?p=1098 Today’s episode is doubly exciting. First, Tim Bohen and Stephen Johnson are welcoming guest Mark Croock, a trader who is “the epitome of steady” and has a lot of valuable wisdom to impart. Second, Mark has a major milestone to share: he just surpassed the million dollar profit mark! In this episode, you’ll hear Part […]

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Today’s episode is doubly exciting. First, Tim Bohen and Stephen Johnson are welcoming guest Mark Croock, a trader who is “the epitome of steady” and has a lot of valuable wisdom to impart. Second, Mark has a major milestone to share: he just surpassed the million dollar profit mark!

In this episode, you’ll hear Part 1 of a two-part interview which will continue next week. In this week’s installment, you’ll learn about Mark’s trading history, what he has learned over the years, and how some of his biggest losses have been his biggest teachers.

Mark’s journey

Mark Croock has always had an interest in finance and the stock market. He pursued a degree in accounting from UT Austin because it seemed like a safe bet career-wise. However, when it came time to get a job, public accounting didn’t seem like it would let him live the life he wanted.

He began dabbling in penny stocks but didn’t have much success until he discovered the teachings of Tim Sykes. He became a devoted student and famously watched every single video in the Sykes library–twice. As he figured, it’s important to immerse oneself to master the dynamics of the market. That’s how he started to “get it”.

Mark began trading in earnest in about 2010, with a starting account of $50k. He was fortunate in that he didn’t have a lot of pressure when he got started. He was single, and he had a decent amount of money in his account. He didn’t feel the rush to make a ton of money, which put him in a good place mentally and emotionally as a trader.

Moreover, you’ll learn that over the years, his mentality has been very much slow and steady. As Mark puts it, “I’m certainly not a gunslinger, I just try to take advantage of opportunities and do it in a very consistent, conservative manner.”

How it clicked

“Everyone has a first pattern to make money,” says Stephen. What was Mark’s? As you’ll learn in the episode, his initial successes were found exposing pump and dumps, shorting first red days, with 2-3 day parabolic runs being his focus.

Short selling was what drew him in; he loved the strategy. As Tim reminisces, 2010 was an exciting time to get into trading, calling 2007 to 2011 or so the “golden age of shorting junk”. Borrowing was harder back then but shorting was overall easier. It’s not the same anymore: in the episode, the hosts swap stories about the way things were and how they have changed in modern times.

While the market conditions change, some things don’t. For instance, Tim, Stephen, and Mark all agree that in trading, timing is everything.

In the episode, they discuss how newbies tend to get overly aggressive and impulsive, whereas more established traders can show more restraint and are generally more tactical in their approach. This comes with experience. “Holding and hoping is a big problem for new traders,” remarks Mark. In the episode, he reveals how he began to consistently profit from his trades and shares his advice on how new traders can improve their results as well.

Mark’s biggest loss

It hasn’t all been successful ascent for Mark. He has had his share of losses over the years. In the episode, he details the humbling experience of some of his biggest losses, some of which topped $20,000.

While losses hurt, Mark shares how he also considers them some of his biggest learning experiences. In the episode, you’ll learn how losses like this have caused him to change his opinion on things like taking large positions. Now, no matter how good the risk-reward may be, he approaches each trade with care. As he puts it, “Staying steady has been the name of the game for me.”

Have something to ask?

Do you have a question about Mark, or about trading in general? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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The Complete Penny Stock Course https://www.steadytrade.com/ep-47-complete-penny-stock-course/ https://www.steadytrade.com/ep-47-complete-penny-stock-course/#comments Mon, 09 Jul 2018 13:00:54 +0000 https://www.steadytrade.com/?p=1082 Episode 47: The Complete Penny Stock Course At The Steady Trade Podcast, we strive to educate traders in a variety of ways, so that they can enjoy long, sustainable careers as investors. As part of this mission, hosts Tim Bohen and Stephen Johnson occasionally interview movers and shakers in the trading field to offer insight […]

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Episode 47: The Complete Penny Stock Course

At The Steady Trade Podcast, we strive to educate traders in a variety of ways, so that they can enjoy long, sustainable careers as investors. As part of this mission, hosts Tim Bohen and Stephen Johnson occasionally interview movers and shakers in the trading field to offer insight and inspiration to listeners.

In today’s episode, Tim and Stephen interview Jamil Ben Alluch, a penny stock trader and author of the book The Complete Penny Stock Course. This revealing talk includes thoughts on successful investing, what it takes to make it as a penny stock trader, and yes, some discussion about Bruce Lee in autotune.

Jamil’s Journey

Jamil comes from an engineering background. He became interested in penny stock trading in 2014. Like many traders before and after him, he joined the Tim Sykes Challenge to further his education.

When he joined, he felt bombarded by all of the many manuals, DVDs, and resources which came his way. But he was a diligent student: he watched all the DVDs and pored over all of the study guides. While the material was all great and boosted his confidence as a trader, he felt it wasn’t organized extremely well.

This makes sense. After all, teaching the art of trading penny stocks is relatively new. Tim Sykes has been a pioneer and provides plenty of amazing information, but the delivery is ever evolving in ways that make the information easier for traders to absorb.

Even though he was a new trader, with his engineering background and years of school behind him, Jamil had a knack for organization. So, he decided to set himself to the task of organizing all of the information that he had learned in a more user-friendly way.

From newbie trader to author

For Jamil, the book actually started as a guide he was writing for himself as a clear-cut penny stock manual. He wanted a structural guide that he personally could follow. However, in noticing that other members of the Challenge were having similar trouble keeping up with the myriad of study material, he decided to release it to the public in book form.

In the interview, you’ll learn how Jamil organized the collective strategy of successful traders in a structured manner. The resulting book is brilliantly laid out: the chapters are short and easy to read, and feature clear-cut bullet points, summaries, and clearly convey information.

What are the key points?

Let’s make one thing clear: by simply reading this book, you won’t instantly become a successful trader. As Jamil says, “trading penny stocks does require a lot of dedication, patience, and hard work.” It’s not something that you’re going to master in a day. So what does he want some of the biggest takeaways to be? In the interview, they discuss several, including:

  • Trading isn’t just about techniques; the psychology of trading is just as important.
  • Why concentration, dedication, and emotional control need to be taken into consideration when you are trading.
  • How to create your own rules and then stick with them; why trading plans are so important.
  • While education is important to success, trading still takes time to master.
  • Why repetition, routine, and consistency are key to finding success as a trader.  
  • Don’t try to build your money account. Instead, focus on building your experience account.
  • Losses assimilate lessons; how and why failures are hugely important to new traders.
  • What it takes to be successful in the market.

Taking the next steps

From there, they go into specifics about how to use the book to help improve yourself as a trader and Tim and Stephen talk about their favorite aspects of the book. You’ll also learn what Jamil’s favorite part of the book and what he considers the most essential trick to controlling and managing yourself during trading!

Ready to buy the book?

The book is available on Amazon, Kindle, iBooks and Google Play now, with the audiobook version coming soon! You can also check out The Complete Penny Stock Course website with material to complement the book and expand on the lessons.

Win a FREE COPY of The Complete Penny Stock Course.

  1. Record yourself asking a legit stock trading question to Stephen and Tim
  2. Email that recording to admin@steadytrade.com

You should be able to do steps 1 and 2 all from your phone, but there are other ways to do this as well.  The first 10 listeners to submit a legit question will win a free book.  It’s as simple as that.

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

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Tim Grittani Part 2 https://www.steadytrade.com/tim-grittani-p2/ https://www.steadytrade.com/tim-grittani-p2/#comments Mon, 02 Jul 2018 13:00:40 +0000 https://www.steadytrade.com/?p=1073 Episode 46: Tim Grittani, Part 2 A couple of weeks ago, Episode 44 featured an interview with a man who is arguably the most successful low priced stock trader in the world: Tim Grittani. Steady Trade host Tim Bohen is even willing to state that he’s “the most successful penny stock trader ever”.   In […]

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Episode 46: Tim Grittani, Part 2

A couple of weeks ago, Episode 44 featured an interview with a man who is arguably the most successful low priced stock trader in the world: Tim Grittani. Steady Trade host Tim Bohen is even willing to state that he’s “the most successful penny stock trader ever”.  

In the first part of the interview, Tim Grittani shares his story, including how he started with a $1500 account in 2011 and has since grown it to $6.1 million and counting. He also discusses his evolution as a trader and several of his top tips for traders new and old who want to remain relevant and create a sustainable career.

Now, in Part 2 of the interview, Tim Grittani discusses his trading philosophies, how he finds work-life balance and some of his hopes for the future.

Note: This is part two of a two-part interview. Click here to find Part 1.

From 3k to 100k.

When a trader suddenly goes from an account worth thousands to hundreds of thousands, as Tim Grittani did, how do they deal with the transition? Stephen is very curious: how did Tim size up from the small trades to big trades?

As Tim Bohen muses in considering Tim Grittani’s growth, it’s really an evolution. Once you get to the point where you’re trading size, you need to start looking to scale into trades. It’s an evolution. Basically, if you have an account worth $1000 or $2000, you’ll approach your trades in a certain way. Once you begin to gain consistency, you’ll scale into larger trades. Tim offers tips for this progression, explaining how you can “buy into a winner”.

“You can’t force success.”

As the interview goes on, Tim Grittani and Tim Bohen discuss a very important subject: how to retain your own identity and individual thoughts as a trader.

After all, Twitter is great, and chat rooms are great; they can bring your attention to tickers and give you trade ideas. But good alerts are not a predictor of success. Ultimately there is no secret to success. It must be your trade, backed up by your research. As Tim Bohen says, “Unless it’s your idea, unless it’s your own trade, avoid, avoid, avoid.”

Would he do it all the same way?

If Tim Grittani were just starting as a trader right now, would he do things the same way? Heck no! While it may surprise you to hear this, he absolutely would not follow the same trajectory he followed to gain the success he currently has. Why? Because the market is ever changing and because it wouldn’t work the same way now. He would trade in ways that make sense in the current market. In the interview, you’ll learn why meeting the market where it is now is the best approach. As Tim Grittani wisely shares, “You’re always adapting, you’re always learning, and you can’t get comfortable.”

How to stay sharp as a trader

Trader burnout is a very real thing, and both Tims are very aware of this. As such, it’s important to find life balance.

For Tim Grittani, it’s not all about trading. He also indulges in other interests like coding, renewable energy, and physics. Engaging in other activities keep him fresh and interested and engaged in the world. He recognizes that time away from trading actually makes him a better trader; in the interview, you’ll learn some invaluable tips about why sometimes, stepping away from the computer is a great career move!

Advice to his past self

If Tim Grittani could go back in time, what would he tell his younger-trader self? As the interview comes to a close, you’ll learn what advice he would impart. Ultimately, you’ll end up inspired about your own future as a trader as you listen to Tim Grittani’s wisdom: while he’s undoubtedly well-learned, he remains refreshingly and impressively humble in spite of all that he has achieved.

Got questions?

Do you have an inquiry about this episode or another trading topic? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Emotional Blow-Up https://www.steadytrade.com/stephens-emotional-blowup/ https://www.steadytrade.com/stephens-emotional-blowup/#comments Mon, 25 Jun 2018 13:00:57 +0000 https://www.steadytrade.com/?p=1064 This week, we’re mixing things up. Instead of your regularly scheduled Steady Trade Podcast, we’re bringing you a special episode to explore a big event in the world of trading this week: Stephen’s Emotional Blow-up. This week, host Stephen Johnson had a public trading meltdown, resulting in controversy and much speculation about his future as […]

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This week, we’re mixing things up. Instead of your regularly scheduled Steady Trade Podcast, we’re bringing you a special episode to explore a big event in the world of trading this week: Stephen’s Emotional Blow-up.

This week, host Stephen Johnson had a public trading meltdown, resulting in controversy and much speculation about his future as a trader. This may be one of the most important, episodes yet, wherein Stephen, along with co-host Tim Bohen, discuss the emotional side of trading. This episode gets pretty raw and approaches trading psychology very honesty. It’s something that every new trader must hear!

Stephen’s emotional blow-up

This episode was recorded on the fly, only about 24 hours after Stephen’s emotional blow-up. Everything is still quite raw, but that’s why it’s important to address right now. In a nutshell, here’s what happened:

Stephen suffered a series of losses. These losses have been documented in several recent episodes, which can be found here and here.

Then, last week, things seemed to be back on track. It had started out as a green week, and Stephen was finding consistency in what he thought was a new reliable setup.

He was up $600-700, but then, after a few good trades, he did the unthinkable: he broke the rules, broke the pattern, and didn’t cut on time.

Basically, Stephen broke his mentor Tim Sykes’ cardinal rule: he didn’t cut losses quickly.

Tim Sykes took notice and called Stephen out on his behavior. Let’s just say that Tim Sykes doesn’t like it when students don’t follow the rules, particularly the most important rule!

It snowballed, and Stephen began to think the unthinkable: “maybe I should quit trading.”

What resulted can only be called a Twitter war. Stephen received an overwhelming amount of feedback from all sorts of traders, ranging from viewers of his YouTube channel to trading celebs like Roland Wolf to even his mentor Tim Sykes.

Lessons to be learned

Through his experience, and through the controversy raised through Stephen potentially quitting trading, there are many lessons to be learned in the episode, including:

  • If you don’t think you’re in for pain with trading, you’ve got another thing coming. Tim and Stephen talk about the very real emotional and financial pain that comes along with the adventure that is trading.
  • It can be very rocky. As Stephen says in the episode, “Sometimes you hate yourself, sometimes you lash out on other people, sometimes you have arguments with your mentor…sometimes you’ll threaten to quit.” These crazy things happen when emotions get involved in trading.
  • Trading can be cruel before it is kind. As Stephen observes in the episode, “Trading is the best thing in the world to achieve, but one of the hardest things to manage to do.”
  • Learning from your mistakes is extremely hard. If Stephen keeps on making the same mistakes, does that mean he’s not learning from them? Not necessarily. In the episode, you’ll learn some proactive steps that traders can take to break free from the terrible (yet common) cycle of making the same mistakes over and over.
  • Trading is hard. There’s no doubt about it: trading is an emotional roller coaster. Tim and Stephen talk about this in a very real and raw way that will prove helpful to traders at all levels.
  • Respect your mentors. Twitter war aside, this experience has reminded Stephen of the good things that Tim Sykes has taught him, and reminded him of some of the basics he must keep in mind to move forward.

Is it a happy ending?

Well, is Stephen quitting or what? Throughout the episode, you’ll see Stephen explore the pros and cons of sticking with trading. You’ll listen as he and Tim evaluate his passion for the process and what he has built so far in his trading career. So what will he decide? Listen to find out Stephen’s next steps.

Let’s keep it Steady!

Do you have a question for Tim and Stephen about the episode, or another trading topic? Visit the “submit your audio” portion of the website to ask what’s on your mind. You may be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Tim Grittani Part 1 https://www.steadytrade.com/tim-grittani/ https://www.steadytrade.com/tim-grittani/#comments Mon, 18 Jun 2018 13:00:08 +0000 https://www.steadytrade.com/?p=1050 Episode 44: Tim Grittani, Part 1 Today’s episode features an interview with someone who is undoubtedly a superstar in the world of day trading: Tim Grittani. This young trader is largely viewed as one of the best penny stock traders in the world; Steady Trade host Tim Bohen goes so far as to say that […]

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Episode 44: Tim Grittani, Part 1

Today’s episode features an interview with someone who is undoubtedly a superstar in the world of day trading: Tim Grittani. This young trader is largely viewed as one of the best penny stock traders in the world; Steady Trade host Tim Bohen goes so far as to say that he’s “the most successful penny stock trader ever”.  

Having started with a mere $1500 in his account in 2011, Grittani has grown his account to a staggering $6.1 million in the past seven years. But before you start to hate him too much, know this: he’s a great guy, and he’s happy to share his knowledge. In this episode, he shares his secrets to success, dishes on some of his losses, and shares many lessons he’s learned the hard way.  

Note: This is part one of a two-part interview.

Tim’s story, in a nutshell

Tim Grittani’s story is legendary, but it’s been told many times before. Instead of going over the same old territory with him, this interview focuses more on his present and future and less on his past. However, to offer a brief overview to bring unfamiliar listeners up to speed:

Tim Grittani became curious about day trading when he was in college. After an initial investment period that failed, he realized if he wanted to get serious he’d need an education, which is when he sought out the teachings of Timothy Sykes. Armed with trading knowledge, he began to identify which setups and patterns were working for him, and began to trade in earnest. By the time he was 24 he’d made his first million; today, he’s more than $6 million in the green.

An ever-evolving career

As host Tim Bohen says, “If you’re not growing, you’re dying!”. Grittani is a perfect example of this concept.

Early on in his career, Tim Grittani found success buying OTC pump and dumps. However, as he says, “that doesn’t really exist as much” anymore, and his career has needfully adapted. While Tim still does some OTC trading, he has now mainly shifted to the NASDAQ.

These days, Tim identifies as a short seller;  70-80 percent of his trades are still shorts. In the interview, he talks about specific characteristics of a stock that he looks for, and rather importantly, the steps that he takes to mitigate risk. After all, as discussed in our short selling episode, while the potential for gain is unlimited with short selling, so is the potential for loss.

Tim doesn’t solely do short selling, though. He also looks for multi-day breakouts. If you’re curious about this type of investment, you’ll learn specific tips for why trades like this are enticing and what Tim looks for; you’ll even learn what time of day he trades them.

A lifelong learner

When Tim had to switch gears as a trader, he needed to change a lot of methods and approaches. Basically, he had to go through an entirely new learning curve. As he is quick to say, even though he’s made over $6 million, he still doesn’t consider himself a master of the market. In fact, he says he’s “just beginning” to get it.

Additionally, let’s just get this straight: Tim isn’t perfect. He’s also experienced some losses: he speaks about how recently he was down about $30k. However, he doesn’t let these losses get him down: he learns from them and tries not to make the same mistake twice.

Moreover, Tim provides inspiration in that no matter how much trading prowess you have or success you gain, it’s extremely important to approach trading from a beginner’s mindset because when you begin to feel complacent, that’s when you lose your edge.

The secrets to Tim’s success

In the episode, Tim expands on some of his secrets to success, including:

  • Even though he’s made 6.1 million he says he’s only just getting there now.
  • It’s important to stay humble.
  • Approach trades with a beginner’s mind.
  • Be willing to admit what you don’t know.
  • Learn from your experiences, both good and bad.
  • Try to keep losses small.
  • The basics still apply to high-level traders.

Interested in following Grittani’s footsteps?

See if you have what it takes to join Tim Sykes’ Millionaire Challenge!

Got a pressing inquiry?

Do you have questions about this episode or another trading topic? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode.

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Failure: The Sequel https://www.steadytrade.com/ep-43-failure-the-sequel/ https://www.steadytrade.com/ep-43-failure-the-sequel/#comments Mon, 11 Jun 2018 13:00:09 +0000 https://www.steadytrade.com/?p=1044 Episode 43: Failure, the Sequel Star Wars. Nightmare on Elm Street. Indiana Jones. All of these long-running film franchises have something in common with this episode: they’re all ongoing tales of intrigue with some scary moments. For the third time in a short period of time, hosts Tim and Stephen are offering a sequel-like commentary […]

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Episode 43: Failure, the Sequel

Star Wars. Nightmare on Elm Street. Indiana Jones. All of these long-running film franchises have something in common with this episode: they’re all ongoing tales of intrigue with some scary moments. For the third time in a short period of time, hosts Tim and Stephen are offering a sequel-like commentary on Stephen’s series of recent losses.

Stephen experienced a series of losses, and now, the hosts are getting to the bottom of his errors so that he can reclaim his trading mojo. In the episode, they’ll dissect what happened, what specifically went wrong, and how Stephen can save face and regain his trading composure. Stephen is in a pretty low place right now, but there’s no way Tim is going to let him quit.

Hi, my Name is Stephen

Like an addict admitting defeat, Stephen shares how he’s feeling as a trader right now, and it’s not good.

He’s had some ups and downs in trading, but now he feels that he’s hit rock bottom. He’s lost a lot of confidence and feels like his go-to patterns have abandoned him. He’s out of the zone; he used to be able to have a few beers and pop out a few good trades; now he feels like he can’t do anything right.

As Tim points out, it may not be Stephen’s setups that have stopped working; it could be a market shift. The market is cyclical; things that once worked sometimes stop. As Tim points out, this could mean that the old way will come back around again, or that it’s time to adapt to the market.

Stephen’s trade of terror

Let’s briefly recap Stephen’s trade of terror. It was a colossal loss short selling a day one low float stock with news (don’t worry, Tim and Stephen explain what that means in the episode).

As Tim explains, Stephen broke many cardinal rules going for this trade, including shorting too early rather than on the “backside”. However, in falling prey to the temptation of the trade, Stephen put his hand on the fire and got burned.  

It can be enticing.

Tim is quick to admit that while Stephen broke some rules, it’s understandable why he went for the trade. To set the scene, it’s Monday morning; you’re excited to trade. Here you have a low float stock with news and a contract win. It’s gapping up, and then the volume comes in…the trade lures traders in. But then, it rolls them over.

Stephen was lured in. He thought he did all his homework: he worked up the numbers, and he really thought that they were encouraging.

Tim and Stephen discuss how while Stephen did do some things right, there were many warning signs that he ignored; basically, he set himself up so that it was difficult to get out of the trade. He wanted it to work so much that he ignored the basics. They talk about trading psychology and how sometimes, doing your due diligence isn’t enough: you can’t make certain trades work.

Stephen’s next steps

While experienced traders like Tim Sykes have been very supportive in urging Stephen to keep going, he’s still going to need a massive confidence boost to keep forging forward. So for now, his homework is:

  • Start small. First, try to have one green trade. Then, one green day. Then, one green week. Slow but steady.
  • Go back to the basics. Really analyze the data; create and stick to a trading plan; play it safe.
  • Regain confidence slowly. By taking smaller positions and being very careful and methodical in trades, Stephen hopes to work toward a greater sense of self-confidence again.

This is Stephen’s hero’s journey. Right now, he’s cast out and experiencing the moment of darkness. These things happen to our hero, but it’s how our hero responds to this adversity that makes the story. Tim believes that Stephen truly can turn it around.

Curious about something?

Do you have questions about this episode or a trading related topic? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Fighting FOMO (aka Stephen Loses another 5k!) https://www.steadytrade.com/ep-42-fighting-fomo-aka-stephen-loses-another-5k/ https://www.steadytrade.com/ep-42-fighting-fomo-aka-stephen-loses-another-5k/#comments Mon, 04 Jun 2018 13:00:58 +0000 https://www.steadytrade.com/?p=1032 Episode 42: Fighting FOMO Do you want to hear a scary story? In today’s episode, hosts Tim Bohen and Stephen Johnson are going to share a true tale of terror featuring a villain that strikes fear in the heart of every trader: the FOMO monster. Recently, Stephen was attacked by the FOMO monster in a […]

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Episode 42: Fighting FOMO

Do you want to hear a scary story? In today’s episode, hosts Tim Bohen and Stephen Johnson are going to share a true tale of terror featuring a villain that strikes fear in the heart of every trader: the FOMO monster.

Recently, Stephen was attacked by the FOMO monster in a trade, and it bit him big time, resulting in a staggering $5k loss. So what happened, and how could he have avoided it? Let’s explore.

What is FOMO?

FOMO stands for Fear of Missing Out. While it can affect any aspect of life, in the trader’s world, it can be particularly ruinous. Fear of missing out on a hot trade can make traders act and react in uncustomary ways and make, quite frankly, stupid decisions. In the episode, Tim and Stephen evaluate how this affliction can affect traders and how to overcome it.

What went wrong with Stephen’s trade?

Stephen recently suffered a $5k loss as the result of falling prey to FOMO. So what went wrong?

  • He went in too early. Tim and Stephen discuss how timing matters with trades, and how a fear of missing out led Stephen to jump in earlier than he should have. As Tim explains, the volume and morning highs could have helped inform Stephen back off from this trade because it probably wasn’t a good moment as a short seller.
  • He lost sight of the basics. In his excitement to catch the trade, Stephen neglected to properly consider basics like the stock volume. With insane spikes, a trader must be aware that there can be a potential reclaim of the morning highs.
  • He got too hopeful. Stephen kept waiting for a dip in the stock price that never came. Unfortunately, wishful thinking rarely delivers the results in the stock market.
  • He broke his plan. Stephen wanted this trade to work so bad that he broke one of the biggest rules of trading: he didn’t stick to his trading plan. He began adding when he hadn’t planned to, hoping for a comedown in the stock price that never came. As he can now say in retrospect, “If a stock ever spikes and then fails and then starts retracing and going higher, all of the shorts are underwater, and everyone is stuck.”
  • He got cocky. Stephen had been on a winning streak in his trading. However, as he puts it, he lost touch with reality by virtue of being up $6-7k. You always have to approach the market and its risk with respect. As Tim adds, “Recognize when you’re on that hot streak. There’s no point in giving back 5 months in gains because you get cocky”.

Ultimately, Stephen says that he “loves nothing more to see a spike and then fail as a short seller.” But if it spikes, fails, then consolidates, everyone’s in for trouble.

What did he learn? How do we avoid the third “Stephen Loses 5k” episode?

  • Look at price action and volume. Never neglect to look at these basic indicators. If a stock hasn’t traded much volume in its past but suddenly does, it has the potential to break new highs.
  • Cut losses when necessary. Traders seem to forget that cutting losses quickly is important when you’re trying making money. As Tim says, “you must be an assassin when it comes to cutting losses”. You must be heartless and calculated, because sometimes, there’s nothing that can be done to salvage a trade.
  • Stick to the plan. FOMO can cause you to make some big mistakes. To help yourself avoid FOMO, make and stick to a trading plan.
  • Don’t reinvent the wheel. Don’t take big positions with trading patterns you’re not familiar with. This trade wasn’t Stephen’s bread and butter set up, and he was more likely to fail simply because of this fact.
  • Don’t be a dreamer. HOPE is the worst four letter word in trading. Instead of being a dreamer, be calculated. Let the numbers and data guide you.
  • Time of day matters. Stephen should have waited until the setup truly was perfect. Patience is a virtue!

Want more?

Got a question or suggestion? Visit the “submit your audio” portion of the website to share your thoughts.

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Papa John https://www.steadytrade.com/ep-41-papa-john/ https://www.steadytrade.com/ep-41-papa-john/#comments Mon, 28 May 2018 13:00:53 +0000 https://www.steadytrade.com/?p=1006 Episode 41: Interview With Day Trader Papa John. No, this episode is not about pizza. In this installment of The Steady Trade Podcast, hosts Tim Bohen and Stephen Johnson are interviewing a day trading phenom known as Papa John. Just about a year into his trading journey, Papa John has a remarkable story. After losing […]

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Episode 41: Interview With Day Trader Papa John.

No, this episode is not about pizza. In this installment of The Steady Trade Podcast, hosts Tim Bohen and Stephen Johnson are interviewing a day trading phenom known as Papa John.

Just about a year into his trading journey, Papa John has a remarkable story. After losing a whopping $16k in his first 6 months of trading, in the past 3-5 months he’s enjoyed an incredible turnaround, skyrocketing into the green. So what changed…and how can other traders learn from him? Listen to find out!

Papa John’s story

Before Papa John was a day trader, he was a gambler. Initially, he was into online poker, but when the laws changed, his dreams were dashed. Then, he learned how to count cards at blackjack. He was finding success with that, but after his son was born he put that on the back burner, hoping to find something that would keep him closer to home.

That’s when he discovered Timothy Sykes. In watching some of the famous trader’s videos, he decided to give it a go. He jumped into his first trade the same morning he set up his brokerage account and made some quick money. He thought: whoa, I’m going to become rich! Well, not so fast. After that initial win, he began to lose…and continued to lose. Over his first six months, he lost $16k.

Gambling with an edge

So what changed? Papa John began to gain his edge.

As a poker player, he’d needed to find an edge before he found success. But once he nailed it, he was consistently profitable for 6 years. With counting cards, he also began to profit once he found his edge. So he began to apply the same principles to his trading and set out to find what his edge could be there.

For one thing, he realized that while he was tracking his trades in a spreadsheet, he wasn’t keeping track of his setups. After learning that Tim Grittani swears by this technique, he began to and was surprised to learn what was actually making him money.

By beginning to focus on the setups that were actually working for him, he was able to turn things around. Over the next 8 weeks, he made 33k from his lowest point. He hasn’t won every time since then but now, about 11 months into his trading, he’s definitely in the green.

Narrowing the edge.

All Stephen wants to know is: Papa John, how did you narrow your edge? Well, in a few ways.

For one thing, Papa John devoted himself to self-improvement. In admitting his weaknesses as a trader, such as risk management and determining position size, he gave himself the opportunity to improve upon them. This allowed him to become a far stronger trader.

He also began to get even more specific with his setups. For instance, multi-day breakouts were good for him, so he began to break the breakouts down even further. In doing so, he earned that he was better at OTC breakouts which trend a lot better versus NASDAQ breakouts. In this way, he was able to get super focused on what works for him and improve his average.

You’ll also learn his specific methodology, how he makes a plan for entry and exit, what catalysts he trusts the most, and how he considers his risk/reward ratio and how he chooses how much to spend. As he wisely puts it, “You have to find what works for you, then focus on what’s working.”

Papa John answers your questions!

In the episode, Papa John also answers some rapid-fire questions from Stephen, some of which are from Twitter members/listeners. You’ll learn plenty, including what he does for a day job, what his biggest single loss was, how he kept going after losing so much money, and whether or not he named himself after the pizza chain (spoiler: no).

Want more? Follow Papa John on Twitter: @sublimetrades and on Profit.ly: papajohn

Want to try out StocksToTrade?

Check us out at https://www.steadytrade.com/ep-40-turtle-traders-p2/

Want to save on your $39 off your first month of an STT subscription? Enter code SteadyTrade39 at checkout!

Got follow up questions?

Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Turtle Traders, Part 2 https://www.steadytrade.com/ep-40-turtle-traders-p2/ https://www.steadytrade.com/ep-40-turtle-traders-p2/#comments Mon, 21 May 2018 13:00:24 +0000 https://www.steadytrade.com/?p=923 In last week’s episode, hosts Tim Bohen and Stephen Johnson began a discussion of Michael Covel’s book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires. In today’s episode, they continue their conversation about relevant points from the book. They evaluate several excerpts from the book to try to figure out whether or not […]

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In last week’s episode, hosts Tim Bohen and Stephen Johnson began a discussion of Michael Covel’s book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires.

In today’s episode, they continue their conversation about relevant points from the book. They evaluate several excerpts from the book to try to figure out whether or not it’s possible for new traders to truly make millions.

TurtleTraders: the premise

This true-story book details how trader Richard Dennis, who made millions on Wall Street, believed that anyone could follow his trajectory to make their own fortune. He made a wager with a partner to prove it, and recruited novice traders via the Wall Street Journal to prove his point. As it turned out, by teaching his methods, a significant majority of the applicants became successful traders.

In last week’s episode, Tim and Stephen began to explore 8 different points from the book. See last week’s episodes for points 1-4; read on for the remaining ones.   

  1. Are the turtles just smart students? Is this book presenting unrealistic goals due to the fact that the TurtleTrader students were intelligent people? Is there, in fact, a correlation between good traders and intelligence? Or is average intelligence and emotional mettle enough?

Tim and Stephen agree that you don’t have to be super smart to be a good trader. It’s about being street smart and being able to identify patterns. They discuss how this is largely a matter of becoming very consistent, which is the overall goal of this podcast. Stephen offers his secret for finding consistency by letting go of arrogance (it’s a big moment!).

  1. Consider variables, not money. By taking away the focus on dollar returns, the students in the book began to find success. With this mindset shift, regardless of account size, they could make the right trading decisions. It was the ultimate goal to help the turtles to understand that the speculation takes place in a limitless environment, but if they didn’t protect their capital the probabilities would catch up with them.

Tim and Stephen discuss how this is an invaluable approach to the market. After all, if you bet too big, it’s a probabilities game. As Stephen wisely adds, “you could be done for”. Tim and Stephen discuss different approaches to mitigating risk by perfecting certain setups, testing various methods, and really working toward finding what works consistently for you as a trader.

  1. Should you follow trends? In TurtleTraders, the author details how rules, rather than intuition, should drive investments. The students in the book were trained as trend followers. That meant they needed a trend to make money, and that they would need to wait for the market to move then follow it, capturing the trend on the way up or down for profit. The general idea? Rules rather than judgments rule the school.

Tim and Stephen talk about how rules should indeed drive your investments. No matter what the news says, always look for patterns and movement. That way, you’re waiting for the move to happen rather than anticipating it.

  1. Price analysis is all that matters. Should you look at the price analysis above all else? The book ultimately votes yes.

Tim and Stephen discuss how you can reduce risk in your investments by taking a price-based approach. As Tim says, “only price pays”. By taking a tactical, price-based approach and looking at the data, you can make the smartest decisions.  

Moreover, Tim and Stephen agree that The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires is an invaluable resource that every new trader should read for insight and inspiration on their trading journey!

Want to try StocksToTrade?

We value you as our listeners and want to treat you to the same platform Tim and Stephen use to plan their trades! Simply enter the code SteadyTrade39 at checkout to save $39 off your first month! Head over here to get started! Only the first 300 people will get this discount, so hurry!

Want more?

Got a question about the show? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Turtle Traders, Part 1 https://www.steadytrade.com/turtle-traders/ https://www.steadytrade.com/turtle-traders/#comments Mon, 14 May 2018 13:00:17 +0000 https://www.steadytrade.com/?p=911 In today’s episode, hosts Tim Bohen and Stephen Johnson are going to discuss something a little different: turtles. No, Steady Trade Podcast didn’t take a turn toward Animal Planet. In the episode, Tim and Stephen are covering Michael Covel’s incredible book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires. Throughout this two-part episode, […]

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In today’s episode, hosts Tim Bohen and Stephen Johnson are going to discuss something a little different: turtles.

No, Steady Trade Podcast didn’t take a turn toward Animal Planet. In the episode, Tim and Stephen are covering Michael Covel’s incredible book The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires. Throughout this two-part episode, they evaluate 8 excerpts from the book in hopes of ascertaining whether or not it’s possible for new traders to truly make millions.

TurtleTraders: the premise

This true-story book details how trader Richard Dennis, who made millions on Wall Street, believed that anyone could follow his trajectory to make their own fortune. He made a wager with a partner to prove it, and recruited novice traders via the Wall Street Journal to prove his point. As it turned out, by teaching his methods, a significant majority of the applicants became successful traders.

Throughout this and next week’s episodes, Tim and Stephen explore 8 key points from the book to determine if these principles are appropriate for you. Here are points 1-4:

  1. The gazelle and the lion. Every morning, a gazelle wakes up and knows it must run faster than a lion to survive. At the same time, every morning a lion has to wake up knowing that it must run faster than a gazelle to eat. As a trader, it doesn’t matter if you’re a gazelle or a lion: every morning when you wake up you have to start running.

This leads to the question: is trading teachable? While Tim and Stephen agree that the book makes a compelling case for that idea, they talk about how traders need to adopt the right mindset before they’ll ever gain success or learn as traders. They need to decide to be that hungry lion! An underlying fire and a belief that you can do it no matter what can make it a reality.

  1. The market cannot be beat. Traders and academics have argued about the ability to beat the market for years. However, can you win in the market if you have the right rules and attitude to play by?

One of the biggest reasons we trade stocks is that the efficient market theory does not apply to these stocks. Tim and Stephen discuss how as a penny stock trader you must think outside of the box and this can lead to potential winning against market odds.

  1. Trading is hard. As the book suggests, trading will take a toll on you. You must go through failure and go through mistakes to truly learn the most valuable lessons of trading. It is panicking and breaking that will help you learn the lessons. But by working through that experience it can be the best thing that happens to you.

Tim agrees that it’s best to take these painful losses early in your career; both he and Stephen offer insight on why it’s better to take these losses early than to build yourself up and lose it all. Losing can actually force you to become a better seller. It also makes you more cautious and aware of patterns, which can help you in the long term as a trader.

  1. How much of a role does luck play? As the book posits, none at all. Nobody stays in the game because of luck. It will run out sooner or later.

Tim and Stephen discuss this; while luck does exist, it can’t be counted on. You have to find your edge and stick to it. This leads to a discussion of how to find your edge by looking at your own progress and improving over time.

Moreover, Tim and Stephen agree that The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires is an invaluable resource that every new trader should read for insight and inspiration on their trading journey!

Want to try StocksToTrade?

We value you as our listeners and want to treat you to the same platform Tim and Stephen use to plan their trades! Simply enter the code SteadyTrade39 at checkout to save $39 off your first month! Head over here to get started! Only the first 300 people will get this discount, so hurry!

Got questions?

Do you have questions about the show? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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The Do’s and Don’ts of Master Michael Goode https://www.steadytrade.com/michael-goode/ https://www.steadytrade.com/michael-goode/#comments Mon, 07 May 2018 13:00:46 +0000 https://www.steadytrade.com/?p=898 The show has gone all over the spectrum with our interviews, featuring brand new traders like Jude, as well as traders who have been at it for years like Phil Goedeker. Today, we’re featuring an interview with someone who has a long history of trading penny stocks: Michael Goode. Michael has been trading penny stocks […]

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The show has gone all over the spectrum with our interviews, featuring brand new traders like Jude, as well as traders who have been at it for years like Phil Goedeker. Today, we’re featuring an interview with someone who has a long history of trading penny stocks: Michael Goode. Michael has been trading penny stocks for even longer than host Tim Bohen, and he has plenty of stories to tell about how his trading has evolved over the years and what he believes the future of trading holds.

On The Steady Trade Podcast, we love teaching new traders about how to get started with trades, trading setups, and how to slowly but steadily gain success. And to keep aspiring traders inspired, we occasionally feature interviews with traders at different stages of their careers.

Michael’s story

As a trader, Michael’s been around for a long time. He began trading in 2004, when he found himself on the receiving end of inheritance money. A grad school student at the time, Michael reasoned that he was well-suited to reading and studying, so why not learn about investing and make use of that windfall money?

So began Michael’s journey as an investor. One of the first stocks he wanted to get involved in was a penny stock that took him down a very winding road of lies and fraud. This so-called “pump and dump” phenomenon intrigued him. He began swing trading pump and dumps, building on his position with each trade. While the way he’s traded has changed over the years, he’s never lost his passion for trading.  

What’s in a pump and dump?

Michael is a connoisseur of the pump and dump; it’s how he began to make his fortune as a trader. Along with Tim and Stephen, Michael talks about what makes a pump and dump, identifying them, the science of them, and how they are ever changing. They also talk about how short selling has changed over the years, and how it used to be the “wild west” but how in this day and age, methods and techniques have changed considerably.

That Tim Sykes thing

In the episode, Michael dishes on a pivotal moment early in his career as a trader, wherein he put up a blog post declaring that trading guru and phenomenon Tim Sykes was BS. Interestingly, this led to some incredible career opportunities as it opened up a dialogue between him and Sykes, and Michael eventually ended up signing on to the Tim Sykes Challenge. In the episode, you’ll find out what happened next in Michael’s career!

Michael’s advice for becoming successful

Throughout the episode, you’ll receive plenty of valuable nuggets of wisdom from Michael Goode about how to become a successful trader, including:

  • Don’t become complacent. Soon after Michael transitioned into full-time trading, he experienced a massive $90,000 loss. While this was horrible emotionally, in the episode he divulges some of the powerful lessons he learned from this experience.
  • They can’t all be home runs. Michael believes that early on as a trader, you shouldn’t even expect to be profitable. In the episode, you’ll learn his advice on how you can minimize losses by starting small and building up.
  • Master one setup at a time. Work on mastering one setup at a time so you can really figure out your personal trading style. In the episode, Michael, Steve, and Tim talk about specific advice for determining what your setup might be.
  • Track your trades. Michael breaks down each trade and keeps track of it by strategy. Looking at this data over time gives him a personal chart to analyze. As you’ll learn, this helps him (and could help you) determine what is and what is not earning money.
  • Be adaptable. In the episode, Michael talks about how it’s so important to be able to evolve as a trader. The market changes, and so will you, over time. By being adaptable, you’ll be better able to ensure your personal success over time.  

Fun and games: In the episode, you’ll also enjoy a Tinder-inspired challenge called “TIMber” created by Stephen and inspired by Tim. Suffice it to say: you must listen till the end!

Got follow up questions?

Check us out at https://www.steadytrade.com/ep-40-turtle-traders-p2/

Want to save on your $39 off your first month of an STT subscription? Enter code SteadyTrade39 at checkout!

Want more?

Got a question about the show? Visit the “submit your audio” portion of the website to ask us anything. You may be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Jonk’s Guide to Short Selling, Part 2 https://www.steadytrade.com/short-selling/ https://www.steadytrade.com/short-selling/#comments Mon, 30 Apr 2018 13:00:22 +0000 https://www.steadytrade.com/?p=889 One of the most commonly requested topics from listeners of The Steady Trade Podcast has been about short selling. To offer a comprehensive overview, we’ve put together a multi-part miniseries on the art of short selling, covering the basics of what it is, important considerations, and how to get started. This is Part 2. In […]

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One of the most commonly requested topics from listeners of The Steady Trade Podcast has been about short selling. To offer a comprehensive overview, we’ve put together a multi-part miniseries on the art of short selling, covering the basics of what it is, important considerations, and how to get started. This is Part 2.

In Part 1, hosts Tim Bohen and Stephen Johnson talked about the basics: how short selling works, and to get started. In Part 2, they’ll begin to talk about deeper levels of understanding the potential risks and rewards of short selling.

The dangers of shorting. In the previous episode, Tim and Stephen began to discuss some of the dangers of shorting. Here, they expand on these dangers, but also discuss how to mitigate risk as a short seller.

How can we avoid the dangers of short selling? Tim and Stephen offer some anecdotal advice on how to avoid common pitfalls when short selling, including:

  • Be careful about when you sell short. Tim and Stephen discuss how important it is to be tactical about choosing the right moment for selling short. For example, why do most traders avoid short selling on the dreaded day one or two? Tim offers up his thoughts on why it used to be that day three was the best day for short selling, but that times have changed; both hosts offer their thoughts on timing and when exceptions apply.
  • Watch for the squeeze. As Stephen says, one of his biggest rules is that “when I’m in danger of a squeeze, I will have my finger full position on the cover button”. Tim and Stephen discuss the dreaded “squeeze” and signs to watch for to avoid being squeezed when short selling.
  • Don’t short low floats. As Stephen guesses, Tim’s biggest rule is to avoid a “float” less than $10 million. Basically, this comes down to an idea of inventory and supply and demand. They discuss why low float stocks are generally the worst choices for short selling.
  • Respect the risk. One failed short sell can be a career ender. As such, you must be respectful of the risk when short selling. Tim and Stephen offer specific examples of how to mitigate risk to the best of your abilities.

What are the advantages of selling short? Happily, short selling isn’t all risk and dire consequences. Tim and Stephen also discuss some of the benefits of short selling, including:

  • These chart patterns repeat over and over again. Short selling can reward traders who are able to identify patterns. After all, these sketchy stocks frequently repeat the same moves. So once you learn the setups, you can have a high success rate. As Tim often says, “history doesn’t repeat, but it rhymes”.
  • You can make money. Well, duh. With short selling, you can stand to make significant financial gains. Tim and Stephen discuss how this is one of the benefits, but how it does come with an inherent risk.
  • It’s easier to short these days. It used to be in salty veteran trader Tim’s day that finding shares to short was difficult. Now, it is a little easier to find shares to short. This is a mixed bag that can have advantages and disadvantages, but ultimately it’s a good thing if you are a trader who wants to get started with shorting.

What else to know before short selling. To round up the conversation, Tim and Stephen talk about several other considerations that can assist aspiring short sellers.

For instance, they discuss some patterns in short selling that they have seen over time and how you too can identify them as a trader. They also look at specific potential short selling trades and discuss how they would handle them and why. They also talk about trading psychology and specific tips for finding success as a short seller.

Moreover, if you want to become a short seller, you’ll need to put in a lot of research and become very educated on the market mechanics before you get started. By listening to this episode in conjunction with the prior episode, you’ll gain a much better understanding of the art of short selling so that you can move forward on your trading journey with greater confidence.

Want to keep things steady?

Do you have to follow up questions on this episode? Or, do you have a suggestion for a future episode? Be sure to visit the “submit your audio” portion of the website to ask us anything. You might just be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Jonk’s Guide to Short Selling , Part 1 https://www.steadytrade.com/guide-to-short-selling/ https://www.steadytrade.com/guide-to-short-selling/#comments Mon, 23 Apr 2018 13:00:08 +0000 https://www.steadytrade.com/?p=874 As the songwriter Eagle-Eye Cherry once said, “Go on and close the curtains, ’cause all we need is candlelight.” You’ll want to cozy up to listen to the first installment of Tim and Stephen’s three-part series on a deeply sexy subject: a guide to short selling. The Steady Trade Podcast has received a lot of […]

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As the songwriter Eagle-Eye Cherry once said, “Go on and close the curtains, ’cause all we need is candlelight.” You’ll want to cozy up to listen to the first installment of Tim and Stephen’s three-part series on a deeply sexy subject: a guide to short selling.

The Steady Trade Podcast has received a lot of requests about an episode on short selling. To offer a comprehensive overview, we’ve put together a three part mini-series on the art of short selling, including what it is, how to identify patterns, and what is the best approach to take when short selling penny stocks. Here’s part one.

What is short selling? The idea behind short selling is that you can profit when stocks are going down. It’s not illegal or unethical; if you listen to our episode on Jesse Livermore, you’ll discover that this is a trading trick which has been employed basically since forever (or at least for over 100 years).

Basically, you can borrow shares from a broker, and then sell them before you buy them back, taking a negative position. So, if you were to short 1,000 shares, you’d see -1,000 shares (yes, that’s a negative sign) in your account. If the trade works and the stock drops, you buy those stocks back which gives you a zero position. You buy them at a lower prices but buy them back slightly lower, so you net the difference.

The easiest way to understand is that you’re still buying, and you’re still selling; you’re just reversing the timeline.

How short selling works. In the episode, you’ll gain a broad overview of how to approach short selling. While in theory you’re still buying low and selling high, you’re simply reversing the timeline. It can be tricky for many traders to wrap their mind around this concept, so Tim and Stephen really break it down with specific examples.

They also discuss how short selling can prove tricky. Since you do have to borrow shares from a broker, it’s an imperfect art; those shares aren’t always readily available. They discuss the hows and whys of this, and offer an education on how brokers too can benefit from short selling. Moreover, you’ll gain a good understanding of the basic mechanics of short selling.

Getting started with short selling. Are you interested in pursuing short selling? Not so fast. As Austin Powers once said, “I like to live dangerously”. While many traders like to embrace risk, when it comes to short selling penny stocks, the risk can be quite high. Where you have the potential for unlimited earning, you also have the potential for unlimited losses.

As both Tim and Stephen caution, there are plenty of risks to take into account with selling penny stocks. They go over some of the biggest risks and errors that traders make, and offer suggestions for how to get started. While it may not be glamorous advice, for instance, both of them suggest starting with paper trading or spreadsheets. In the episode, you’ll learn why they caution to never make your first short sell an actual one with real money, because they can get really scary really fast!

In the episode, you’ll also learn about what types of accounts are necessary to sell short, and why it’s necessary to have a margin account.  

Rules and regulations. While short selling is legal, it does come with some regulations. Tim and Stephen discuss some of the rules and regulations that come with short selling penny stocks, including the so-called “$2.50 rule”. In the episode, you’ll gain an understanding for the sometimes annoying yet ultimately helpful rules that are inherent to short selling.

Moreover, in this episode you’ll gain a basic understanding of the art of short selling that will aid you on your trading journey. Stay tuned for the next episode in this short selling series, where Tim and Stephen will begin to discuss specific setups and how to avoid the dangers that come with short selling!

Curious about something?

Do you have questions about short selling, or any other topic covered on the show? Be sure to visit the “submit your audio” portion of the website to ask anything. You might just be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

Did you love this episode on our guide to short selling ? Be sure to leave an iTunes review!

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The Secrets to Arick Russell’s Success https://www.steadytrade.com/arick-russell/ https://www.steadytrade.com/arick-russell/#comments Mon, 16 Apr 2018 14:00:30 +0000 https://www.steadytrade.com/?p=865 At the Steady Trade Podcast, we believe that learning the stories behind successful traders can prove inspiring to those who are new to the market. In this episode, hosts Tim Bohen and Stephen Johnson reveal the secrets to trader Arick Russell’s success in a comprehensive interview. Having attained trading stardom via his YouTube videos, Arick […]

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At the Steady Trade Podcast, we believe that learning the stories behind successful traders can prove inspiring to those who are new to the market. In this episode, hosts Tim Bohen and Stephen Johnson reveal the secrets to trader Arick Russell’s success in a comprehensive interview.

Having attained trading stardom via his YouTube videos, Arick boasts a truly unique story wherein he began trading out of a truck while on his breaks working a full-time job, ultimately going on to make first thousands, then hundreds of thousands of dollars. Listen and learn!

Arick’s story

Arick’s beginnings as a trader about five years ago weren’t necessarily auspicious. Curious about stocks, he began to buy randomly and lost a lot of money. However, instead of quitting, he decided to backtrack and actually learn the rules of the game. For months, he invested in his education; it was during this time that he discovered Tim Sykes and many other informational resources. Eventually, he began to trade again. Having a full-time job, his time was limited, but he caught time where he could, often enough via hotspot in his truck during work breaks.

He began to discover what his strengths were as a trader. After a start with penny stocks, he eventually wanted to diversify with larger investments, much like Stephen’s journey in last week’s episode, Stephen Trades Some Big Boy Stocks.

In telling his story, you’ll learn the benefits of diversification and how and why you can benefit by gaining a broader overall knowledge of the market. After all, you can’t short penny stocks all the time! By continually improving his methods, Arick was eventually able to go full time as a trader this past year.

Arick’s rules for trading success.

In the episode, you’ll learn some of Arick’s key rules for attaining success as a trader. Among them:

  • Figure out your own trading style. In the episode, Arick details some of his favorite setups, including his YouTube-famous red to green and green to red trades. As he found, these trades had plenty of power and worked better than breakout patterns. However, this doesn’t mean that these are the right trades for everyone. He details how determining your own trading style is key to finding success.
  • Adjust your expectations. Realistic goals are so important for long-lasting success. Sure, it would be great to profit $1500 to $3000 a day, but as a new trader, setting goals like this will likely discourage you and make you want to quit. Arick offers some helpful tips for setting realistic goals and how they can help you stay motivated.
  • Refine your methods. Don’t be a jack of all trades, a master of none. Realize what is working for you, and focus on those setups. When your attention is too scattered, you can’t improve. Arick offers specific tips for how to figure out how to figure out what is working for you and how to continue to refine your technique.
  • Have a plan. Emotions can get in the way of trades. This is true for veteran traders as well as newbies. This is not necessarily a good thing; recognizing this, Arick now tries to trade more “like a machine”. He has a trading plan to ensure that a trade meets his criteria and helps him make the best decisions. You’ll pick up some helpful tips on how to stick to your own plans, too.
  • Know why and how you’re making money. Believe it or not, Arick believes that he learns more from his losing trades than the winning ones. In the episode, he discusses how to learn from your mistakes and determine what is actually making you money so that you can focus on growth.

Words of advice for new traders

As the episode closes, Arick offers words of advice for new traders and addresses some reader inquiries from social media as well.

Ultimately, he believes that traders should focus on slow but steady growth, and focus on specific goals. For Arick, those goals are clear. He doesn’t necessarily want to work less, but to enjoy life more. For him, it’s vital to think outside of the box and discover what really works for his own career. Trading has helped him do that–perhaps you, too?

Want more?

Do you have an inquiry about this episode or a past episode? Be sure to visit the “submit your audio” portion of the website to submit your question. You might just be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Stephen Trades some Big Boy Stocks https://www.steadytrade.com/trading-big-boy-stocks/ https://www.steadytrade.com/trading-big-boy-stocks/#comments Mon, 09 Apr 2018 13:00:59 +0000 https://www.steadytrade.com/?p=856 The Steady Trade Podcast isn’t necessarily about shock value. Rather, we want to help traders build a strong foundation so that they can enjoy a long and profitable career. However, in this episode, Stephen Johnson does indeed shock co-host Tim Bohen with a revelation: he’s trading big boy stocks now. That’s right: Stephen has tested […]

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The Steady Trade Podcast isn’t necessarily about shock value. Rather, we want to help traders build a strong foundation so that they can enjoy a long and profitable career. However, in this episode, Stephen Johnson does indeed shock co-host Tim Bohen with a revelation: he’s trading big boy stocks now.

That’s right: Stephen has tested the waters of trading higher-priced stocks, and the results have been encouraging. In the episode, Tim and Stephen explore the world of higher-priced stocks and how penny stock traders can stand to benefit from trading them.

Why trade higher-priced stocks?

It’s a common misconception that if you have a small or medium-sized account, that you can only trade low priced stocks. Many new traders think that they can really only trade stocks that cost between pennies and a few dollars. But as Tim points out, as amazing as low priced stocks are, they do tend to have a feast or famine cycle: they can go from busy to quiet on a dime.

Many traders don’t even realize that they can trade higher priced momentum stocks. Yes, you have to be selective and pick the right ones, but if you catch the right idea at the right time, you can make more money per trade.

Higher priced stocks can also be easier to chart because as Tim says, the moves aren’t as “wonky”. You don’t have bizarre 300 percent moves like you’ll see in the world of penny stocks, so they’re easier to track. It is also far easier to find shares to short!

Stephen trading big boy stocks

Stephen used to be underwhelmed by higher-priced stocks. He thought there wasn’t much volatility in higher priced stocks, there was no edge, and they were mainly for people with bigger accounts. But then, he evolved.

In the episode, you’ll learn how in charting social media stocks, he was able to identify catalysts that made him realize he was well positioned to profit.

Tim is amazed by Stephen’s prowess: he took into consideration technicals, fundamentals, the news, the hot trend, and he built his case before trading. No, this doesn’t mean that one will profit all the time, but it heightens the potential for success quite dramatically.

Curious about trading higher priced stocks?

In the episode, Tim and Stephen discuss ways for penny stock traders to start looking at higher priced stocks. To start, they discuss important differences between approaching a penny stock trade versus trading a higher priced stock.

Looking at daily ranges and scaling expectations is key. For instance, looking for stocks that are making big moves relative to the price for share is vital. The same type of movement that might be significant on a penny stock is going to have to be scaled up dramatically for a $10 or $20 per share stock.

The rule of tens

In the episode, Tim dishes on an invaluable trick for every trader who wants to delve into higher-priced stocks. The so-called “rule of tens” is something he applies to stocks over $10 or so. It’s a ratio in which he divides the position size by ten and offers an easy trick for traders to determine a comfortable rate of trading on these higher priced stocks.

Cautions and considerations

Safety first, for you and your account! Tim and Stephen also talk about some important cautions for buying larger stocks. Traders should never underestimate the other side of the trade and must avoid becoming over exuberant. Of course, then again, this is part of the beauty of trading: if everyone were rational, traders would never get these opportunities. But you don’t want to be the cautionary tale!  

Stephen’s takeaways

In finding success trading higher priced stocks, Stephen feels reborn. “Tim Bohen, you are right about high priced stocks” is his battle cry, and he now sees brand new opportunities as a trader. Moreover, higher priced stocks can offer a great way for penny stock traders to diversify!

Want to know more?

Got a question about this episode, or any other episode? Be sure to visit the “submit your audio” section to submit your inquiry. Your audio might just be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Phil Goedeker’s Chat with Traders: A Review https://www.steadytrade.com/phil-goedeker/ https://www.steadytrade.com/phil-goedeker/#comments Mon, 02 Apr 2018 13:00:41 +0000 https://www.steadytrade.com/?p=842 As an advancing trader, Phil Goedeker is a name that you absolutely should know. Today, Phil Goedeker is one of the premiere penny stock traders and short sellers out there. However, his success didn’t come without its fair share of ups and downs. Looking at the stories of advanced traders can help inspire new traders on […]

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As an advancing trader, Phil Goedeker is a name that you absolutely should know. Today, Phil Goedeker is one of the premiere penny stock traders and short sellers out there. However, his success didn’t come without its fair share of ups and downs.

Looking at the stories of advanced traders can help inspire new traders on their own journeys. In this episode, hosts Tim Bohen and Stephen Johnson are taking inspiration from an interview with Phil Goedeker on a great podcast called Chat With Traders, hosted by Aaron Fifield. Stephen has chosen several choice clips from the interview, which he and Tim then discuss, offering wisdom that can apply to the new and aspiring trader.

Clip one: what makes a good setup? Phil talks about his early struggles, and how he kept on losing money because he couldn’t find any consistency in trading. However, he was motivated to succeed so that he could have a better life, and as such, he was willing to stick with it through the losses.

Steady Trade takeaways: Tim and Stephen both agree that every trader can learn from Phil’s passion for the process. Taking the long view and remembering your goals can keep you going through the sometimes challenging yet necessary cycles of losing before you begin winning.

Clip two: figuring it out. Phil reveals his “aha” moment, where he began to be able to short sell in a profitable way. It wasn’t just about the money, though: he finally had an edge and was figuring out how to make trading work for him.

Steady Trade takeaways: Traders, take note: it was two years in before he had that aha moment! Tim and Stephen discuss the importance of cycling through all sorts of methods before you can figure out what works for you.  

Clip three: getting organized. After a great winning streak, Phil began to lose again. What makes this happen, and how can it be avoided?

Steady Trade takeaways: Losing big can be like a punch to the gut. As Tim and Stephen discuss, no matter how successful you have been, the market can change on a dime. They discuss how to prepare yourself for such fluctuations.

Clip four: taking the long approach. Phil wasn’t necessarily a great student in school. However, as a trader, he did find motivation in looking at the long-term results, which inspired him to study diligently and gave him the ability to study patterns until he was “blue in the face”.

Steady Trade takeaways: It can be easy to only look at trading day to day, but studying is important because it allows you to be a little bit more tactical rather than just being reactive to what is going on in the market right now. Tim and Stephen talk about some ways in which to remain calm and collected rather than chasing stocks.

Clip five: learning from mistakes. In an effort to improve his earnings, Phil begins to shift his thinking toward diminishing his losses. What if he could determine what’s going wrong in his losing setups, and reduce mistakes?

Steady Trade takeaways: “Cut losses” can be a painful or annoying prospect but it’s very important. Tim and Stephen discuss why constructive self-criticism is so vital to trading success.

Clip six: have a plan. Identifying and reducing losses isn’t enough; Phil realizes that it’s important to have a plan so that trades can be more tactical.

Steady Trade takeaways: The ability to be able to evaluate stocks on a case by case basis is important. Tim and Stephen talk about how thinking about entry, exit, and considering your steps can help you from pouring money into a sinking ship.

Clip seven: chart your progress. Each year, Phil prints out charts he’s used and reviews what he’s done throughout the year. He keeps them handy so that he can compare one move to another.

Steady Trade takeaways: As Tim and Stephen often discuss: history repeats itself fairly closely. Reviewing charts over a longer time span can be very revealing in that way. The past can inform your future!

Listener homework:

  1. Listen to Phil (as a general life rule).
  2. Follow Phil on Twitter: @ozarktrades
  3. Read Phil’s Year in Review.
  4. Check out Chat With Traders for Phil’s interview and more.

Got questions?

Visit the “submit your audio” section on our website to ask questions, or offer comments. Your audio might just be featured in an upcoming episode!

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders!

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

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Hey Jude: Fearless Female Trader https://www.steadytrade.com/female-trader/ https://www.steadytrade.com/female-trader/#comments Mon, 26 Mar 2018 13:00:37 +0000 https://www.steadytrade.com/?p=829 The Steady Trade Podcast is all about bringing you, our listeners, engaging content that will help you stay inspired on your trading journey. As regular listeners will recall, last week’s episode closed with an incredible musical performance by listener Jude, wherein she reinvented Kenny Rogers’ song “The Gambler” with lyrics inspired by this very podcast. […]

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The Steady Trade Podcast is all about bringing you, our listeners, engaging content that will help you stay inspired on your trading journey. As regular listeners will recall, last week’s episode closed with an incredible musical performance by listener Jude, wherein she reinvented Kenny Rogers’ song “The Gambler” with lyrics inspired by this very podcast. Tim may or may not have shed some tears, and declared the song “the greatest song in country stock market trading history!”

This week hosts Tim Bohen and Stephen Johnson interview Jude, who in addition to being a talented musician is also a budding trader. Still identifying as a newbie, this interview sheds a lot of light on common obstacles for new traders and offers universally helpful suggestions for how to move forward in your career with confidence.

Jude’s story

Jude is a registered massage therapist. This type of work can be physically demanding, and she is well aware that she won’t be able to do it for the rest of her life. In conferring with a friend who lives a gypsy lifestyle funded by day trading, she became fascinated by the prospect of learning how to trade as a potential future income stream for herself.

Jude jumped into trading without really having any knowledge, and quickly learned that she had a lot to learn if she was ever going to find success on this career path. So, she took a step back. Searching for mentors led her first to Timothy Sykes, who she appreciated for his brutal honesty; this was the beginning of her trading journey.

Finding her way

After learning the ropes of trading from Sykes, Jude realized she was still fearful about making the jump from education to actually trading. She joined Stocks To Trade Pro as a means of “hand holding” and to help her bridge the gap between attaining knowledge about trading and actually putting it to work. She is a fearless female trader!

She’s also been a loyal podcast listener, listening to episodes such as Episode 24, which profiles the incredible trading journey of Michael, a Tim Sykes student phenom.

At this point, Jude is at the precipice of trading in earnest but feels like she still needs a little nudge. What will it take to help her spread her wings?

Jude’s work

In the episode, Tim and Stephen help guide Jude through some of the steps she needs to take to take her trading to the next level, including:

  • Catalysts: How do they work, exactly? Tim and Stephen offer some insight for how to decipher the meaning of various catalysts, and advice for how to “read the fine print” and how to determine if a catalyst will really have an effect on the stock you’re trading.
  • Tracking charts: Tim is constantly suggesting that traders track charts “til your eyes bleed”. But this really isn’t productive if you don’t understand the data! To help facilitate more productive study time, Tim and Stephen offer suggestions for how to productively examine charts.
  • Getting consistent: Tim and Stephen offer productive tips on how to develop your own setups, what to look for in patterns, and learning what works for you as a trader.

Moreover, Jude has the right idea in her approach to trading. She’s set on the long game, and she’s not rushing in (a common new trader mistake). She doesn’t have the “get rich quick” mentality, and this is likely what is going to keep her ahead in her career.

Traders of every level, from brand new to established, will find wisdom in the topics discussed in this episode. Ultimately, these topics will help enable you to take your trading to the next level.

Want more?

Got a question about something in this episode, or any other episode? Or, a question about trading in general? Let your voice be heard! Visit the “submit your audio” section on our website to offer comments, questions, or suggestions. Your audio might just be featured in an upcoming episode!

Thanks for tuning in to 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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The Daily Trading Coach Part 2 https://www.steadytrade.com/episode-31-daily-trading-coach-part-2/ https://www.steadytrade.com/episode-31-daily-trading-coach-part-2/#comments Mon, 19 Mar 2018 13:00:49 +0000 https://www.steadytrade.com/?p=816 What a difference a week makes! Since Episode 30, wherein hosts Tim Bohen and Stephen Johnson began discussing a series of themes from the book The Daily Trading Coach by Brett Steenbarger, a lot has changed in the stock market. With that in mind, while Episode 31 is ultimately dedicated to finishing up the discussion […]

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What a difference a week makes! Since Episode 30, wherein hosts Tim Bohen and Stephen Johnson began discussing a series of themes from the book The Daily Trading Coach by Brett Steenbarger, a lot has changed in the stock market.

With that in mind, while Episode 31 is ultimately dedicated to finishing up the discussion about this invaluable trading volume, there’s also a detailed discussion about the action picking up in the market and how to best take advantage of it right now.

The market report

There’s been an exciting development in the market lately: movement! As listeners know, early 2018 has been marked with some seriously sluggish markets; you can listen to Episode 28: Slow Market Blues, to learn more. Before delving back into The Daily Trading Coach, Tim and Stephen discuss what’s happening with stocks right now, including offering tips on how to make the market’s current movement work for you.

…and back to The Daily Trading Coach

For topics, one through three, be sure to check out Episode 30!

Topic 4: Historical investigation

While history may not repeat itself directly, it can give us an edge by giving us a hypothesis for how a stock may perform moving forward. How can we work from history to guide ourselves moving forward?

Tim and Stephen love this topic because it relates so directly to the whole theme of the show: maintaining steady success as a trader. Using historical analysis to inform your trades is an invaluable way to up your earnings. Investing in plenty of screen time, or as Tim lovingly says, “looking at charts til your eyes bleed” is the best way to begin to understand how the history of stocks can give you an idea of what may transpire in the future. While this never becomes “easy” per se, it does become easier with time, especially with the helpful tips offered in the show.

Topic 5: Becoming the best you can be

A disease that affects many a trader is the inability to think greatly about themselves. To clarify, this doesn’t mean that traders should be narcissistic, nor does it mean that they should be taking a spiritual guidance sort of path. Thinking highly of oneself is more about charting a path that makes a difference, and living a goal-oriented life rather than a rudderless existence. So how, as a trader, can you begin to believe in yourself so that you can live up to your potential?

While this is some truly high-level stuff, Stephen is actually able to offer some touching advice on what it means to become your own personal trading guide and how it requires believing in yourself. As Tim adds, being a trader is hard; you’ll inevitably suffer from “I’m not good enough” syndrome, experience self-doubt, low motivation, and more. Both Tim and Stephen offer some advice on why it matters to believe in yourself as a trader, and what you can stand to gain. They also offer some specific and proven ways to build and maintain motivation as a trader so that you can be the best you can be.

The final word, and a special musical treat

If you’re an aspiring trader, The Daily Trading Coach is a great investment. It will only require five to ten minutes a day, but it will give you nuggets of wisdom that will add up to improved trading. There are tons of trading books out there, but this is one of the highest suggestions that Tim and Stephen have.

The episode closes with a special treat: a Kenny Rogers-trading mashup of a musical performance by listener Jude! Spoiler: Tim may or may not shed tears. This may be the greatest song in country stock market trading history!

Want more?

If you’d like to submit your own Steady Trade-inspired song, or just ask a question about something in the show, be sure to visit the “submit your audio” section on our website. Your audio might just be featured in an upcoming episode!

Thanks for tuning in to 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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The Daily Trading Coach Part 1 https://www.steadytrade.com/daily-trading-coach/ https://www.steadytrade.com/daily-trading-coach/#comments Mon, 12 Mar 2018 13:00:37 +0000 https://www.steadytrade.com/?p=798 Traders need to be focused on self-improvement; you can never beat or “master” the market. To succeed, you must have a growth mindset and work to make yourself stronger, faster, and smarter each and every day. So the question is, “what is a daily trading coach?” With that in mind, today’s episode is going to […]

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Traders need to be focused on self-improvement; you can never beat or “master” the market. To succeed, you must have a growth mindset and work to make yourself stronger, faster, and smarter each and every day. So the question is, “what is a daily trading coach?”

With that in mind, today’s episode is going to address a very commonly asked question fielded by veteran traders: what books do you recommend? Taking a slightly different format in this two-part episode, Tim and Stephen will address several salient points from a highly recommended trading volume entitled The Daily Trading Coach by Brett Steenbarger.

About the book

The Daily Trading Coach is one of Tim’s favorite trading books. It’s broken down into 101 short lessons which are kind of like “daily devotionals” for traders. These mini lessons are meant to be read one a day and are extremely digestible and helpful. This is a book you can read chapter by chapter and improve over time.

Lessons from the book

For the episode, Stephen chose several topics from the book; both hosts address them and offer their thoughts based on their very different points of trading experience.

Topic 1: Should you give up as a trader?

Every trader has been there: feeling tired of being wrong and losing money, and ready to throw in the towel. The excitement that they once had upon greeting the market now feels more like dejection. But are these really signs that it’s time to give up, or do you just need to adjust your approach and expectations?

Listen, we can’t all be a superstar trader like Roland Wolf, but what kind of progress should you be making to show that you’ve got what it takes to be a trader? Tim and Stephen offer some honest thoughts on this sticky subject. Tim addresses the easy entry into trading and how it can give traders a false sense of expectation; Stephen offers insight on the idea of following your dreams versus knowing when it’s time to call it quits. They also offer some sensible ways to honestly evaluate if your progress (or lack thereof) is indicating that it might be time to turn to a different endeavor.

Topic 2: How to deal with performance anxiety

Performance anxiety occurs when we worry too much about outcomes, and it affects how we perform. This anxiety can plague individuals in any number of settings, from tests to playing sports and beyond. It’s also one of the most common problems among traders. So what’s to be done?  

As Stephen says, trading can feel “worse than going on a first date sober”. Tim and Stephen discuss common causes of trading anxiety and frequent mental traps that traders can fall into. Desperately wanting to be right can have a deep impact on your expectations, which can create a lot of pressure. Tim offers his thoughts on how a trading plan can be a huge part of overcoming trading anxiety. Moreover, it’s less about maintaining positive expectations and more about focusing on performance itself.

Topic 3: The importance of rules (and how to stick to them)

Rules matter when it comes to trading, and they can help reduce losses. Basically, rules are checks on our impulses that keep us doing the right things, even when we don’t want to. So in trading, how do we “stay on the right side of the road,” so to speak?

Tim and Stephen address why rules matter, and how to know when you need to adhere to them a little better. For instance, if you’re going to the maximum pain point on every trade? You might need to change your approach. As Tim says, learning lessons by “burning your hand on the stove” isn’t always a bad thing in the long term!

Got questions?

Do you have a question about something in this (or any) episode? Be sure to visit the “submit your audio” section on our website to ask your question; it might just be featured on the air!

Thanks for tuning in to 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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Ep 29 – The Triforce Trader https://www.steadytrade.com/episode-29-triforce-trader/ https://www.steadytrade.com/episode-29-triforce-trader/#comments Mon, 05 Mar 2018 14:00:26 +0000 https://www.steadytrade.com/?p=786 On the Steady Trade Podcast, we strive to educate you on ways to attain and maintain a long-term career as a trader. As part of that mission, we occasionally like to share interviews with successful traders to inspire you on your journey. Today, Tim and Stephen interview Matthew Owens, AKA Triforce Trader, who has taken […]

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On the Steady Trade Podcast, we strive to educate you on ways to attain and maintain a long-term career as a trader. As part of that mission, we occasionally like to share interviews with successful traders to inspire you on your journey.

Today, Tim and Stephen interview Matthew Owens, AKA Triforce Trader, who has taken a different approach to trading. As Tim puts it, Matt’s approach is very “macro”; he employs algorithms and statistics and has found great success as a trader.

The tale of Triforce

Matt caught the trading bug at age 15 when his school had a stock market competition. He threw all of his money into Apple, which doubled in the next year. Not only did he win the competition, but he was hooked on the stock market.

Then, one day, he happened upon a book at the library called Don’t Sell Stocks on Monday. This book offered some fascinating insight on seasonal tendencies and probabilities in the market. It opened Matt’s mind to an idea: could the market be beaten?

In college, he began to teach himself programming, which only increased his statistical and algorithm-driven mindset. When he was 23, his mother sadly passed away; an inheritance she left him allowed him to begin trading in earnest, using the strategies and skills he’d discovered over the years. Since then, he has found his niche in futures trading.

Wait…futures trading?

Nope: Matt doesn’t deal in penny stocks. He primarily works with futures trading. In a nutshell, futures are based on financial contracts between a buyer and seller to exchange an asset (such as a commodity) at a future date and price. These contracts detail the quantity of the asset and are standardized to adhere to futures exchanges.

Each contract has its own value, like a stock, and it moves with the commodity prices. It allows access to a wide variety of markets; with futures, you might be trading grains, oil, gold, or a variety of other things.

Penny stocks versus futures

Tim, Stephen, and Matt discuss trading futures versus penny stocks. As Matt puts it, penny stocks are not for him; he’s not a “hunter,” which is a trait he sees as being inherent in trading penny stocks. Different types of trading are better suited to different types of traders and their personal constitutions; which is right for you?

“You need to have an edge.”

Stephen wants to know: how do you make money in futures trading? According to Matt, to grow your account steadily, you have to have an edge that goes beyond technical and fundamental analysis. Tracking setups that have the probability to work will give you an edge. His edge is statistics, and in the episode, he explains some of the ways in which he uses statistics and tracks them.

It’s as easy as X, Y, Z

Matt literally has boiled down trading to a science and offers a simple X+Y=Z equation for choosing stocks.

X = the condition

Y =  the trigger

Z = your follow through

In the episode, you’ll hear more about using this equation for creating a trading plan. As Matt admits, it can be boring, but it delivers results. As he wisely imparts, “I don’t believe in the psychology of trading, it should all be mechanical.”

Advice from the Triforce Trader

When offering the secrets to his own success, Matt credits two things in particular: reading, and seeking out a mentor. For him, traders like Larry Williams, author of Long Term Secrets to Short Term Trading, have been pivotal in terms of education and shaping his own trading career.

Trading is real work, and you need to have an edge. A mentor and a strong education can help you go beyond the initial “addictive” phase of trading so that you can truly build a long-term career.

Want more?

You can find out more about Matt via his website, Triforce Trader; he also has a presence on Profit.ly.

Why triforce trader?

In case you’re curious about Matt’s trading alter ego: it comes from the video game The Legend of Zelda, about a boy who has been asleep for most of his life but finally wakes up to do something. This is symbolic for Matt, who feels that trading helped him come to life.

Of course, this begs Stephen to ask the important question: who’s your favorite superhero? Leave a comment in the show notes!

Got questions?

If you would like to hear more about anything discussed in this (or any) episode, be sure to visit the “submit your audio” section on our website to ask your question; it might just be featured on the air!

Thanks for tuning in to 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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The Slow Market Blues https://www.steadytrade.com/slow-market/ https://www.steadytrade.com/slow-market/#comments Mon, 26 Feb 2018 14:00:49 +0000 https://www.steadytrade.com/?p=777 It’s a simple fact: the market is ever evolving. The economy, time of year, and many other factors play into the ever-changing nature of stocks and how they perform. As a trader, these fluctuations can sometimes be scary and disorienting and cause a slow market.  On the Steady Trade Podcast, we’re always looking to bring […]

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It’s a simple fact: the market is ever evolving. The economy, time of year, and many other factors play into the ever-changing nature of stocks and how they perform. As a trader, these fluctuations can sometimes be scary and disorienting and cause a slow market. 

On the Steady Trade Podcast, we’re always looking to bring as much value as possible to our listeners. Given the current state of the market, it’s the perfect time to discuss what traders should do when the market is slow.

What’s state of the market?

At the time of this recording, the market is extremely slow, particularly for low priced stocks. This is quite a shift after the crazy years that were 2016 and 2017, with their Bitcoin mania, cryptocurrencies running, and when it was not unusual to have 500 percent plus runners on a daily basis.  

As a trader, times like this can be extremely frustrating, because setups and techniques that worked just months before are no longer delivering profits.

Circle of life–er, the market.

The good news is that these market cycles are normal. There was a two-year party, and now we’re in what host Tim Bohen calls “the hangover phase”. Things have slowed down, and this is only exacerbated by the fact that its earnings season (a notoriously quiet time in the market). It’s basically the perfect storm of stillness in the world of low priced stocks. Things could quiet for a bit before the market perks back up.

Overtrading in times like these can be terrible not only for your account but for your psyche. When things are booming, that is the time to overtrade. When the market is like it is now, you’re just going to kill yourself mentally and see your account grind down.

To trade or not to trade?

To paraphrase a quote from Jesse Livermore, “There’s a time to go long, there’s a time to go short, and a time to go fishing.” When the market is slow, sometimes the best action is actually…inaction. In the episode, Tim and Stephen discuss varying points of view on this and offer insight on how to decide whether or not you should take a break from actively trading during a slow market time.

Recognizing market changes.

One of the biggest keys to surviving slow times in the market? Simply having the wherewithal to recognize that the market has shifted. Particularly if you’ve been making reliable profits, the idea that your setups are no longer working can be a hard pill to swallow. Tim and Stephen offer some great tips on how to recognize and identify a market shift.

Adapting to the market.

Beyond simply recognizing market changes, Tim and Stephen offer a deeper discussion about how to know when it’s time to make a change in your trading based on the state of the market. They explain how you can start by monitoring your winning percentages, and offer techniques for adapting your methods to hopefully continue making money; Stephen, in particular, has a killer tip (learned the hard way, of course) about focusing on just one or two setups!

What should you look for?

Even in a slow market, there’s always some sort of opportunity out there. Tim and Stephen discuss what to look for in stocks that might remain profitable with Tim’s unique “recipe” for success. They also talk about how to know when it’s time to move on trades in a tougher market.  

Always try to be better and stronger.

As much as you might not like it, the odds are always in the market’s favor. You’re not going to change the market by force of sheer will. However, you can continue to grow, evolve, learn, and get better. Tim and Stephen offer their personal tips for self-care and self-growth during slow times in the market. After all, you want to be ready when the market comes back around!

Ask us anything!

If you would like to hear more about anything discussed in this (or any) episode, be sure to visit the “submit your audio” section on our website to ask your question; it might just be featured on the air!

Thanks for tuning in to 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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Listener Mailbag https://www.steadytrade.com/listener-mailbag/ https://www.steadytrade.com/listener-mailbag/#comments Mon, 19 Feb 2018 14:00:50 +0000 http://www.steadytrade.com/?p=745 In each and every episode of the Steady Trade Podcast, we try to focus on a specific subject or theme that will further your trading career. But today, we’re taking a different approach and turning the microphone to you, our listener mailbag.  In this episode, hosts Tim Bohen and Stephen Johnson are taking listener questions […]

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In each and every episode of the Steady Trade Podcast, we try to focus on a specific subject or theme that will further your trading career. But today, we’re taking a different approach and turning the microphone to you, our listener mailbag. 

In this episode, hosts Tim Bohen and Stephen Johnson are taking listener questions in our first “Listener Mailbag” episode. If you love this idea, you can get in on the action: go to our website, where you can record your audio and ask a question to be answered in a future episode (of course, if you’re shy, you can also send us a message).

Get ready for some great information, thought-provoking listener questions, and yes, even a deeply horrifying yet compelling rendition of Miley Cyrus’s “Party in the USA” by Stephen Johnson.

Question One: What is Your Advice for This Turmoil Market?

The first listener question has to deal with the extreme volatility that has characterized the market as of late. Times like these can be very distressing for traders both old and new. It’s hard to know how to contend with this volatility, and even the best-laid plans can be difficult to stick with when the market is in turmoil.

As Tim shares, a big part of the market’s volatility as of late has had to do with VIX ETFs. These ETFs can cause some craze moves in the market due to leverage and derivatives; Warren Buffet famously referred to them as “Weapons of financial mass destruction.” At this point, a lot of them have gone belly-up.

So, given this extreme volatility, what is a trader to do? Tim has been through times like this before, and has some sage advice to offer: his opinions may surprise you!

Note: want to jump into the volatile market without actually risking your own cash? Stocks To Trade has a paper trading module that can help you practice!

Question Two: How Do You Take Trading From Your Brain to Your Fingers?

No, we’re not getting weird here. This is actually a very good question: how do you take the intellectual know-how that you have gained about trading, and actually put it into action? After all, while the idea of making a plan and sticking to it is all well and good, but it can be extremely hard to actually stick with.

One important thing to know is that this is a universal struggle for traders, both old and new. Tim and Stephen have plenty of advice on the subject based on their past experience and share several techniques for keeping calm during your trading.

From simple techniques such as physically writing down your plans and keeping it in front of you as a tangible reminder to more involved techniques, you’ll gain insight and great anecdotal tips for how to stick to your plan in trading.

As your own boss, it can be easy to fall into the trap of freedom, which is intoxicating. And as traders and humans, we want to gamble. We want even more. However, the freedom is what makes it so important to keep things responsible.

Question 3: How Can I Control My Emotions in Trades?

This question comes from a fairly new but profitable trader. He began with a $2k account and has built it into a $14k account. While he is doing well, he struggles with controlling his emotions in trades.  

Once again, this is a fairly universal problem and challenge for traders, both old and new. Having struggled with this issue themselves, Tim and Stephen both have plenty of advice to offer.

As the hosts delve into this sticky issue, you’ll benefit from Stephen’s surprisingly insightful advice about hard work, repetition, and discipline. You’ll also gain some food for thought about how important it is to respect the risk and to keep yourself in check so that you don’t get cocky and start making bad decisions.

Ultimately, you need to be respectful of the process and remain vigilant about how you can move forward in a productive way as a trader.

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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The One Where Stephen Loses $5k https://www.steadytrade.com/stephen-loses-5k/ https://www.steadytrade.com/stephen-loses-5k/#comments Mon, 12 Feb 2018 14:00:07 +0000 http://www.steadytrade.com/?p=716 Did you know that our recent episode about Stephen blowing up his account was one of our most popular to date? Either this means that traders are interested in hearing stories of loss and recovery, or that you’re all keenly interested in Stephen’s mistakes. Perhaps a bit of both? This week, it’s more bad news: […]

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Did you know that our recent episode about Stephen blowing up his account was one of our most popular to date? Either this means that traders are interested in hearing stories of loss and recovery, or that you’re all keenly interested in Stephen’s mistakes. Perhaps a bit of both?

This week, it’s more bad news: Stephen loses $5k. But there is a silver lining for our listeners: you can learn from Stephen’s mistakes so that you can avoid the same fate as Tim helps him evaluate what went wrong and how to proceed moving forward.

Stephen’s terrible, horrible, no good, very bad day. In retrospect, perhaps Stephen should have seen it coming. Not only did he suffer a 3k loss in January (though he made quite a bit of that back), but he also accidentally left his laptop in a cab.

But then, in early February, things really hit the fan. It started out a classic trader love story: boy meets Biotech stock, does his research, looks at the long-term chart, and considers the current state of the market. He decides to go for it, and to go big.

Stephen was so sure of his imminent success that he went about double the size of his normal trade. Things started out on a positive note, but when the pattern deviated, even when Stephen began to see signs that it wasn’t going to work out, he held on for too long and ended up losing big.

What went wrong? As Tim is quick to remind Stephen, sometimes bad trades happen to good people. Truthfully, Stephen did everything right at the start. But then he broke a few pretty important rules and ended up losing. Among them:  

Holding on too long. Holding on over the weekend is often a recipe for disaster. In the episode, Tim and Stephen discuss the hows and whys of this phenomenon and offer examples of warning signs that you should just let go so that you don’t have a rude awakening come Monday morning.

It was too good to be true. Have you ever heard the saying “if it looks too good to be true, it probably is”? When Stephen saw what looked like the perfect trade, he went in bigger than he normally would, which changed his emotional reaction when things started to go wrong.

He didn’t stick to his plan. Perhaps one of the biggest fatal flaws in Stephen’s trade? He didn’t stick to the plan. Basically, Stephen learned the hard way that going in with a larger position makes it even more important to stick to your plan.

Tim and Stephen add that many of these mistakes can act as powerful learning experiences for listeners. If you’ve decided on this trade, for whatever reason, and this trade is not working, you have to be even more rigid about sticking to your plan!

Stephen’s stages of trading. Following this trading fiasco, Stephen begins to have some big realizations about the stages of a trading career. In his opinion, it goes like so:

Stage 1: You lose all the time and can’t seem to win. This is when you have to focus on learning how things work in trading.

Stage 2: Now, you know how things work, but you battle more with discipline; it seems like the moment you get overconfident, you start losing again.

Stage 3: Profitability.

Stephen observes that he’s stuck in stage two, and this recent event has made him feel like he’s backsliding and just “giving back everything I’ve made”. However, in that, he has the motivation to continue strengthening his base of knowledge so that he can continue on his trajectory as a trader. He and Tim discuss some specific tools that he can use to begin working his way to stage 3!

Ultimately, on some level, Stephen knew that this could happen. This experience has been unfortunate but it has reminded him to go back to basics and stick to patterns.

Every long-term trader has been there, and probably more than once. If you’re a new trader, you’ll probably find yourself there at some point if you haven’t already. However, in the scheme of things, it is just a speed bump. Even Stephen’s parents agree! Tune in to the episode to hear the advice that they offered Stephen which leaves Tim speechless!  

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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PDT Party Hour! (aka Stephen Johnson’s Survival Guide to Overcoming the Pattern Day Trader rule) https://www.steadytrade.com/pattern-day-trader-rule/ https://www.steadytrade.com/pattern-day-trader-rule/#comments Mon, 05 Feb 2018 14:00:25 +0000 http://www.steadytrade.com/?p=704 Get ready, because for this episode, Stephen Johnson is taking the reins. The subject of discourse? Something that Stephen recently overcame: the Pattern Day Trader Rule The PDT (the Pattern Day Trader rule) is a thorn in the side of many new traders. In the episode, Stephen will share his path to reaching a major […]

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Get ready, because for this episode, Stephen Johnson is taking the reins. The subject of discourse? Something that Stephen recently overcame: the Pattern Day Trader Rule

The PDT (the Pattern Day Trader rule) is a thorn in the side of many new traders. In the episode, Stephen will share his path to reaching a major trading milestone. Throughout the episode and interwoven with his personal story, he and co-host Tim Bohen will impart invaluable tips for how you, too, can overcome the PDT.

What is the PDT? While new traders will undoubtedly be all too familiar with the PDT, if you’re just in the research stages, you may not have heard the term yet. PDT stands for the Pattern Day Trader rule.

The PDT was originally put into place following the dot-com bubble; during this time, many people were day trading furiously, and when the bubble burst, many lost a lot of money. The governing bodies decided to set up certain limitations to protect traders with small accounts. What classifies as a “small account” is arguably quite large: if you have less than $25,000 in your account, you’re subject to various rules that limit how many trades can be executed and with what frequency.

Is the PDT a good thing? Yes and no. While Stephen seems staunchly against the PDT, Tim takes a gentler stance, noting that it is well-intentioned, but imperfect. In the episode, you’ll learn a little bit more about the specifics of the PDT, including the limitations and how sometimes they aren’t always a good thing.

How to party your way over the PDT. Are you ready for a dance party with Stephen? If you can power through his very frightening singing voice, you’ll learn a lot about how to break through the PDT barrier as a trader.

Stage 1: Getting started. To newbies, trading can seem like the wild west. Most traders are getting started with what Tim and Stephen (not the government) label a “small account”–anywhere from zero dollars to about $5,000. With an account like this, it’s very difficult to sell short, which can limit your range as a trader.

Tim and Stephen address important considerations as you build your fledgling account, including the “$2.50 rule” and margin calls. They also talk about ways to get around PDT rules, addressing the pros and cons of such tactics.

Stage 2: Moving forward. Welcome to the jungle! This is where traders go from $5,000 to $25,000. It might seem like a big range but really, this is where most traders are working. It’s within these ranges that you really start to spread your wings and see what you can do.

Tim and Stephen discuss how to strike balance with buying and selling as your account position increases. You may have a higher balance to short, but you still have necessary growth. This is when you really start to figure out the setups that work for you.

Ultimately, the lesson to be taken here is that to get ahead, you need to be a professional profit taker. As Tim says, you have to take the stance of “I take profits for a living. I don’t care if it’s 50, 20, or 200 bucks”. Both Tim and Stephen offer specific tips on how to grow your account with good, solid trades.

Stage 3: Party time! So, now that you’re standing atop the mountain that is the PDT…now what? Unfortunately, it doesn’t mean that you can just do whatever you want. Now, more than ever, it’s important to be careful and methodical in your trading. Once you feel invincible, that’s often when you make mistakes and the bottom falls out (along with your trading/PDT status).

In the episode, Tim and Stephen offer several practical tips for how to keep your cool and stay on track. Of course, they also offer some anecdotal tips for how they like to take a breather from the sometimes pressure-filled world of trading at a high level: while Tim likes to read a book or work, Stephen insists that “Alcohol and Tinder make me a better trader.” To each his own!

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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Tim Sykes’ Inner Circle: Michael https://www.steadytrade.com/market-mastery/ https://www.steadytrade.com/market-mastery/#comments Mon, 29 Jan 2018 14:00:38 +0000 http://www.steadytrade.com/?p=691 The Steady Trade Podcast is dedicated to helping you become a better trader with sustainable practices that will allow you to enjoy long-term success. As part of this mission, the podcast occasionally features interviews with successful and inspiring traders. In this week’s episode, you’ll find host Tim Bohen at Tim Sykes’ Inner Circle where he […]

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The Steady Trade Podcast is dedicated to helping you become a better trader with sustainable practices that will allow you to enjoy long-term success. As part of this mission, the podcast occasionally features interviews with successful and inspiring traders. In this week’s episode, you’ll find host Tim Bohen at Tim Sykes’ Inner Circle where he gets to discuss trading with a real up-and-coming trader, Michael.

Michael is an inspiration in trading, for sure: at a mere 23 years old, this Bay Area resident is currently making a killing as a trader while concurrently studying finance and economics at San Francisco University. In the interview, he and Tim discuss what he’s been doing to find success as a trader in his approximately 3 year career.

How it all started

During Michael’s sophomore year, a friend introduced him to an app called Robinhood, which allows commission-free trading. Intrigued, Michael did a little quick Googling on day trading, then threw in $20, with which he formed a diverse portfolio of 6 stocks. He made a few pennies, which certainly wasn’t a killing, but he was intrigued enough to explore further. After a little more Googling, he began to discover day trading success stories, and became inspired. If other traders could make millions, why not him?

Michael began to pursue an education on day trading, and that’s when things began to get interesting. Instead of business ethics class, he began to explore the market, and it quickly turned into an obsession. Seeking out mentorship, he found Timothy Sykes, and applied and got accepted for the Millionaire Challenge.

Life began to change quickly from there. At the time, he was an entrepreneurship major, but in exploring trading and the logistics of how stocks work and supply and demand psychology, he began to change his path. He changed his major to finance and economics to further his trading prowess, and hasn’t looked back. Along with a little financial help from his dad and plenty of hard work, he’s become a profitable trader in just a few years.

Michael’s keys to success

While Michael is still very young, he’s learned a lot about trading that can help inspire traders both old and new on their path. Here are some key lessons that you’ll learn about in the interview:

  1. Be smart. Michael changed his major so that he could focus on learning what he didn’t know rather than increasing his inherent knowledge. As you’ll learn in the interview, focusing on expanding your mental reach and becoming smarter in the areas that can further your career has been a key aspect of his success.
  2. Don’t compare. Not every trader can find crazy success in a short period of time. Michael and Tim discuss how while it’s great to be inspired by successful traders like Roland Wolf, it’s not realistic to expect that type of success for yourself in a short period of time, and offer tips for finding your own path as a trader.
  3. Think long term. Michael has been trading for a few years now, and while he is trading fast-moving penny stocks, he thinks about long term success. In the interview, he talks about how to focus on making money in the long term versus getting rich quick.
  4. It takes time. Like any new trader, Michael had his share of losses, particularly at the beginning of his career. However, at the 2 year mark, things began to shift toward profitability. Tim and Michael discuss key shifts that took place in his career to open him up to profitability.
  5. Keep learning. When Michael began to be profitable, he did what few traders do: he went back to the books. He rewatched all of Tim Grittani’s webinars and became obsessive about learning even more. Could a renewed commitment to learning work in your favor?
  6. Know what works for you. As a trader, it’s easy to be swayed by outside sources. However, this can be a trap. Instead of being a follower, learn what works for you, and then think for yourself. It can be difficult, but it will improve your overall success.
  7. Stick with it. As Tim Grittani says, “Have a plan, trust the setup.” Once you have a plan in place, trust in it, and have the discipline to see it through. This is how to keep it steady as a trader!

In the interview, you’ll learn about these key points and so much more as Tim and Michael delve into specific experiences, successes, and yes, some growing pains too. You’ll leave this interview feeling inspired about trading and finding your own brand of success!

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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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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Bring on 2018! https://www.steadytrade.com/steady-trade-new-year/ https://www.steadytrade.com/steady-trade-new-year/#comments Mon, 15 Jan 2018 14:00:19 +0000 http://www.steadytrade.com/?p=667 Around this time of year, everyone’s got goals and resolutions on the brain. The Steady Trade Podcast is no different! In Episode 22, hosts Tim Bohen and Stephen Johnson talk about taking your trading to great new heights in 2018. Where is the market this January? How has the market changed in the few weeks […]

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Around this time of year, everyone’s got goals and resolutions on the brain. The Steady Trade Podcast is no different! In Episode 22, hosts Tim Bohen and Stephen Johnson talk about taking your trading to great new heights in 2018.

Where is the market this January? How has the market changed in the few weeks since it was 2017? What’s working, and what’s not? Tim and Stephen open up about their thoughts on the financial landscape for the year ahead, discussing what they see happening in the market right now, and their personal goals for trading in 2018.

How is 2018 going so far?

The market so far in 2018 can be summed up in one succinct word: interesting. Tim observes that so far, the year has proven to be a “chaser’s market” (or, as Stephen counters, “a short seller’s nightmare”), with stocks going further than either of them could have imagined. They discuss the direction the market is going (marijuana, consumer electronics, and Chinese stocks) and evaluate some specific examples.

Stephen’s year started out well, with a $300 score on his very first trade; unfortunately, he wasn’t necessarily been able to maintain that trajectory. This leads to a conversation about how even though a specific style of trading may have worked in the past, it doesn’t always mean it will work in the future.

So does this mean he should change his approach? Will things level out? What is a trader to do when the markets are as explosive as they are now?

Follow the market.

As Tim observes based on Stephen’s frustrations so far in the new year, a losing trade is not necessarily a bad trade. If you made a plan and were not too much of a dreamer or chaser, a losing trade doesn’t necessarily mean you did anything wrong.

However, it does mean that you need to take stock of what is going on in the market right now. In spite of your personal preferences, and no matter what has successfully worked for you in the past, you have to adapt and follow the market’s lead.

For instance, if you’re used to selling and buying in a certain way but the market is taking a different trajectory, you’re bound to lose money if you just try to stubbornly stick to the same old system. Being too aggressive hasn’t worked for Stephen, so now he’s wisely choosing to adapt.

The idea that methods that worked even three weeks ago now feel obsolete can be scary and leave you feeling like a deer in headlights.

Tim offers specific suggestions for how to remain relevant, including approaching the market like a hunter. Always be aware of everything that is going on around you, and use the tools that you have at hand. Educate yourself: read the news, read Reddit, use the keyword search function on Stocks to Trade. Be proactive, not reactive!

Predictions for the year ahead

Four years ago, many people were quick to say that the market was nuts. Now, to channel This Is Spinal Tap, it’s “up to 11”.

One big prediction? The number of traders will only rise. Right now, there are more traders than ever, and that trend is unlikely to reverse anytime soon. There’s an unprecedented amount of stock participation; with low commissions, low fees, and an extremely high accessibility, any and everyone is a potential trader.

To really separate yourself from the pack and help ensure that you’ll be one of the traders who succeeds, it’s important to learn the basics of trading now, so that you can take advantage of the great tools that are at your disposal.

Tim and Stephen also discuss their thoughts on current trends, including cryptocurrencies and what else to expect in 2018. Believe it or not, Tim and Stephen agree on many predictions for the year ahead!

Resolutions

To close out the episode, the hosts reveal their personal goals for 2018.

Stephen enjoyed his first profitable year in 2017 and would love to continue that trend in 2018. He and Tim discuss specific actions he might take to help improve his odds of attaining success. Oh, and Stephen would also like to get a girlfriend, but maybe we’ll leave that for another episode.

Tim wants to continue to grow Stocks to Trade. His job title is Lead Trainer, and to him, that entails making as many consistently successful traders as he possibly can. Stocks to Trade is the vehicle which allows him to do that, so his focus will be on doing whatever he can to make that happen!

Help the Steady Trade Podcast reach its 2018 goal of becoming a top-rated podcast! To help make that dream a reality, don’t forget to leave an iTunes review!

Stay tuned for Episode 23!

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How Stephen Johnson Blew Up His Account https://www.steadytrade.com/stephen-johnson-blew-up-his-account/ https://www.steadytrade.com/stephen-johnson-blew-up-his-account/#comments Mon, 08 Jan 2018 14:00:36 +0000 http://www.steadytrade.com/?p=654 Welcome to the new format of the Steady Trade Podcast! After two fantastic seasons, we’ve listened to all of your comments and feedback and are moving toward a new model with the show. From now on, Steady Trade Podcast episodes will be released on a weekly basis, so that you can keep it steady without […]

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Welcome to the new format of the Steady Trade Podcast! After two fantastic seasons, we’ve listened to all of your comments and feedback and are moving toward a new model with the show. From now on, Steady Trade Podcast episodes will be released on a weekly basis, so that you can keep it steady without extended breaks!

To kick off the new format, our latest episode reveals a cautionary tale inspired by real-life events: a little story we like to call Stephen Blows Up His Account. While initially hosts Tim Bohen and Stephen Johnson had a different type of episode planned, when this unexpected event occurred, they made room for discussion about this all too common trading pitfall. After all, many a trader has experienced his or her account detonating right in front of their eyes, but it’s a surprisingly little-discussed topic.

Blowing up your account.

Don’t worry: physically, Stephen is OK (well, you know, aside from the copious amounts of alcohol he drinks). To say that his account “blew up” doesn’t mean that there was an actual explosion. Rather, it means that his account was totally depleted through an unfortunate series of events. In a nutshell, Stephen took a thousand dollar account to about 50 dollars, taking a huge loss that wiped out pretty much all of his capital. As Tim observes, Stephen even mentioned in the past that he was going to experiment with 1k and even said “if I blow it up I blow it up”–unfortunately, his flippant remark turned out to be prescient.

Blowing up an account: how does it feel?

Picture this: you are riding your bike down a hill and gaining momentum. And then you crash…but you crash into broken glass, then fly off a cliff. Did we mention it was the same day your romantic partner left you for your best friend? That’s how it feels. While Stephen can joke about it now, it’s undoubtedly a terrible feeling to lose everything so rapidly.

However, there is a silver lining to this situation. True, Stephen lost a thousand dollars, which is a sizeable sum. However, talk about a lesson that will stick with him! If Stephen hadn’t lost the money and had continued to make the same mistakes, he could have fallen into the common trading trap of believing himself to be invincible, and potentially could have suffered a much bigger loss later on.  

What blows up accounts?

In the show, Stephen tells his sad story of loss and lament, detailing how one bad decision led to another and left him in the poor house. Unfortunately, while he started with a trading plan, loss led him to make poor decisions that found him “chasing” a win, even against his better judgment.

In retrospect, Tim and Stephen are able to talk specifically about what went wrong and about how Stephen fell into a trap. Stephen describes it like running with all of your might into a Game of Thrones-like impermeable wall. Sure, you might be able to run into it, but the wall has more resistance than you. And well, he lost his money. Nope, he didn’t get through that wall.

Back to the plan.

As the hosts discuss Stephen’s loss, they begin to discuss the specific stock and circumstances that led to his loss. Unfortunately, hindsight proves 20/20 here, and it’s easy to see in retrospect how Stephen could have done things differently.

In going through what went wrong, it’s pretty easy to determine what happened in Stephen’s situation. Everything was very obvious. However, sometimes it takes something really bad to happen for these lessons to ring true.

They discuss how it is that errors like this happen, and how your personal leanings can play into the trade decisions that can make you suffer losses They also talk about how Stephen really does know better, and how he can use his spreadsheets, journals, and experience to move forward differently. Learn from Stephen’s mistakes so that you never have to suffer this kind of loss!

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!

Also, Have you ever blown up an account!?

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A Very Steady Christmas https://www.steadytrade.com/a-very-steady-christmas/ https://www.steadytrade.com/a-very-steady-christmas/#comments Mon, 25 Dec 2017 13:58:16 +0000 http://www.steadytrade.com/?p=647 Tim and Stephen wish a merry Christmas and happy Holidays to all SteadyTrade Listeners.

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Tim and Stephen wish a merry Christmas and happy Holidays to all SteadyTrade Listeners.

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The SteadyTrade Podcast Season Two Prize Winners https://www.steadytrade.com/steady-trade-podcast-season-two-prize-winners/ https://www.steadytrade.com/steady-trade-podcast-season-two-prize-winners/#comments Mon, 18 Dec 2017 14:00:46 +0000 http://www.steadytrade.com/?p=638 The Steady Trade Podcast Season Two Prize Winners! You know how movie sequels are always flashier than the original? Likewise, the Season Two Giveaway of the Steady Trade Podcast features a ton more bells and whistles and even more great prizes than the first season! In the first season of the Steady Trade Podcast, hosts […]

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The Steady Trade Podcast Season Two Prize Winners! You know how movie sequels are always flashier than the original? Likewise, the Season Two Giveaway of the Steady Trade Podcast features a ton more bells and whistles and even more great prizes than the first season!

In the first season of the Steady Trade Podcast, hosts Tim Bohen and Stephen Johnson focused on the basics of how to become a successful day trader. In Season Two, they built upon this foundation and offered a myriad of other trading resources, including a historical look at the earliest day traders and interviews with some of the hottest rising stars in the trading world today. No matter what the subject of the episode, you as the listener always learn something that will make you a better and more well-rounded trader. But as a more tangible reward, to close the second season, Tim and Stephen once again offered an incredible giveaway.

The prizes. This season, the prizes included:

A MacBook Pro + 3 months of stocks to trade
An Apple TV device + 3 months of stocks to trade
An iPod touch + 3 months of stocks to trade
An Apple Watch + 3 months of stocks to trade
A $100 gift card + 3 months of stocks to trade

A Stephen Johnson pillow case + 3 months of stocks to trade

…and then one incredibly lucky listener won the Grand Prize “Greedy Little Bastard Package”, which included:

A MacBook Pro
An Apple Watch S2
A Stephen Johnson pillow case
A Three Month subscription to Stocks to Trade Pro

The lucky winners. On Tuesday, Dec 12, 2017, the winners were contacted. Per the rule, the winner had to be present to collect the prizes in question. Here’s a roundup of the lucky winners, in order of contact:

1. Kerry: Already a Stocks to Trade Pro member, Kerry is just a part time trader who is figuring things out, but he’s loving the journey. Along with Tim and Stephen, he discusses the art of letting go of trades: what can happen when you get greedy, and the potential pitfalls of holding on to a position for too long. Kerry’s going to up the ante on his trading with his prize suite: he won the MacBook pro and will receive a 3 month extension on his Stocks to Trade membership!

2. Bryan: Based in BC, Bryan began to dabble with stocks while working at a welder. As you’ll learn from his story, he’s the epitome of “keeping it steady”; with time and effort, he’s now become a full time trader. Find out the unexpected way that cannabis stocks have boosted his bottom line! Bryan’s going to be styling with his excellent prizes: an Apple TV device and a 3 month membership to Stocks to Trade.

3. Nathan: Looking for a better quality of life,Nathan began to take up day trading. He’s inspired by the fact that it can allow him to live the lifestyle he wants and make money, and has loved the podcast–particularly Tim and Stephen’s witty banter. Along with the hosts, he discusses risk management and focusing on “green” trades. He’ll have the time of his life (get it?) with his prizes: an Apple watch and a 3 month membership to Stocks to Trade.

4. Fidel: “Do you feel lucky?” starts Stephen when Fidel answers the call. Yes! A new trader, Fidel considers himself in the “learning” phase of his career, and Tim and Stephen discuss why watchful waiting is important for new traders. Fidel learned about the Steady Trade Podcast via Tim Sykes, and has enjoyed Stephen’s videos detailing his trials and errors (lots of errors) as a trader. He’ll be able to listen to the podcast on the go with his brand new iPod Touch, and will also enjoy a 3 month membership to Stocks to Trade.

5. Patrick: This dude is pretty excited to hear from Tim and Stephen: “This is like a dream come true, I can’t believe I’m talking to you right now!” is how he begins the conversation (related: they both like him instantly). Patrick started with a $500 account, which he quickly blew by getting into the market too fast and too aggressively. Having had that experience, he’s ready to back up and actually learn the art of trading along with the Steady Trade Podcast. He can recoup some of his losses with his first prize, a $100 gift card; the second prize, a 3 month membership to Stocks to Trade, will help him find his way as a trader.

6. Tanner: Having only recently joined the Tim Sykes Millionaire Challenge, Tanner is a new trader and eager to learn. While he’s a little down in his accounts at the moment, he’s studying every day and absorbing the lessons from podcasts and videos and DVDs on a daily basis. He’s resolved to make a trading career work, and is lucky in that he has a great support system. Tim and stephen offer some uplifting words and anecdotal stories about how long it took them to be in the green. Then they offer something he can really hold on to: a Stephen Johnson pillow case, the ultimate good luck charm! Tanner can’t wait to cuddle and talk about stocks with pillow-Stephen. Oh, and he also won a 3 month membership to Stocks to Trade!

7. Vernon: Trading isn’t always easy. As Vernon’s tale unfolds, many traders will relate to his story. He often finds himself baffled by the market, and struggles with consistency as a trader. This starts an eye-opening conversation with Tim and Stephen about finding your way as a trader, and how to move forward in the best way possible for future success. His prize, a Stephen Johnson pillow case, will undoubtedly help him on his journey; so will a 3 month membership to Stocks to Trade.

8. Romina: She owes it all to Stephen! Romina credits Stephen as a big source of motivation for her trading. Inspired by his honest, humorous approach, when she saw his videos, she thought “If he can do it I can do it!”. Since July, she’s gotten serious about trading. She’s been studying religiously and is looking forward to investing in the tools that she needs to take her career to the next step. Well, it won’t be as much of an investment as she thought, because happily, she’s this season’s “Greedy Little Bastard” winner! Romina will win the ultimate prize package, including a MacBook Pro, an Apple Watch S2, a Stephen Johnson pillow case, and a Three Month subscription to Stocks to Trade Pro.

Congratulations to the winners! Stay tuned for upcoming episodes of the Steady Trade Podcast, which is graduating from seasons to serial episodes! Starting soon, the podcast will be released weekly, with more great features to come!

What was your favorite part of Season Two?

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The Ten Commandments of Trading Steady https://www.steadytrade.com/trading-steady/ https://www.steadytrade.com/trading-steady/#comments Mon, 11 Dec 2017 14:00:21 +0000 http://www.steadytrade.com/?p=549   Welcome to the season two finale of the Steady Trade Podcast! It’s a great time to reflect on how the podcast has grown and evolved, and to think about what everyone (hosts and listeners alike) has learned. In the first season, hosts Tim Bohen and Stephen Johnson focused on educating investors on the basics […]

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Welcome to the season two finale of the Steady Trade Podcast! It’s a great time to reflect on how the podcast has grown and evolved, and to think about what everyone (hosts and listeners alike) has learned.

In the first season, hosts Tim Bohen and Stephen Johnson focused on educating investors on the basics of how to be a day trader. While much of the education was directed toward the new trader, there was a lot of wisdom well worth visiting or revisiting for even trading veterans. In the second season, Tim and Stephen have taken a more elaborate approach, offering a little bit of history with our Jesse Livermore episode, a bit more context about the life of a day trader by interviewing some of the most successful traders in the circuit right now, and we also got into the market mechanics, breaking down pump and dumps and more and explaining how different market scenarios “work”.

In the season two finale, Tim and Stephen take a look at the ten commandments of keeping it steady, which build upon everything you’ve learned so far and offer some important insight for traders. You won’t want to miss this wisdom!

But first, an announcement

Tim and Stephen have loved approaching this podcast in a curated season format. However, now that the show has a strong foundation, it’s going to transition to a more regular maintenance schedule. From now on, instead of featuring blocks of episodes as seasons, the show is switching to a weekly format. This means that there will be a new episode each Monday for you to learn from and enjoy. No season breaks! Eventually, there will be other new features, including live events on Fridays; this is the podcast’s response to listener feedback and requests!  

…and, an optional drinking game (optional)

“I’m better drunk than sober”, says Stephen, referring to his trading (and, you know, everyday) lifestyle. Not to veer into after-school special territory, but this podcast’s recording actually had to be delayed because on the scheduled date for recording, Stephen was, well, wasted. In a roundabout way, this leads to a great idea from the hosts: why not play a drinking game along with the podcast? As long as you’re not driving or operating heavy machinery, take a drink every time Bohen says “ironic” or “ironically”. Have aspirin on hand because you’ll need it in the morning.

The Ten Commandments of Trading Steady

To cap off the second season, Tim and Stephen have organized ten tips for being a successful trader. Keep it steady, baby! You can expect wisdom, drinking games, terrible Austin Powers impersonations, and more, but here’s a sneak peek:

  1. Thou Shalt Create a Daily Trading Plan. Are you a gut instinct guy like Stephen, or are you a planner? The hosts offer tips for how to create a plan, breaking it down in simple steps.
  2. Thou Shalt Follow Your Daily Trading Plan. Tim and Stephen offer examples of the calamities that can occur when you don’t follow your plan.
  3. Thou Shalt Forsake Thine Impulses to Violate Thine Plan. This builds upon the prior two Commandments, and explains how to stick to your plan.
  4. Thou Shalt Journal Thine Experiences. It’s true: logging your trading successes and failures can help you advance faster. Stephen is actually a pro at this, and divulges some of his secrets.
  5. Thou Shalt Not Neglect Thine Physical and Mental Health. You need to optimize yourself mentally and physically. Tim and Stephen talk about how important this self care is to help you maintain energy and find success.
  6. Thou Shalt Be Consistent Each Day. This is particularly applicable for part time traders; Tim and Stephen discuss tips for how to be consistent and why it matters.
  7. Thou Shalt Continue to Study and Learn. Learning the basics and calling it good isn’t good enough. Tim and Stephen discuss why committing to a lifetime of learning is the biggest asset to your trading career.
  8. Thou Shalt Befriend and Interact With Other Traders. No trader is an island. By having a buddy, a mentor, a group, or all of the above can really fast forward your career; Tim and Stephen discuss specific examples of how teamwork can improve your income.
  9. Thou Shalt Know Thine Tools and Optimizeth Them. Tim and Stephen talk about how to use the tools in front of you. This includes literal tools such as your trading platform, and how to learn from your experiences and turn them into “tools” to build future success.
  10. Thou Shalt Keep it Steady. You can get started as a trader pretty easily and quickly. But does that mean you should start spending money right away? Tim and Stephen discuss why the “Steady” approach is best.

Win big!

Don’t think we’re leaving you empty handed this season! Season two’s giveaway offerings include incredible prizes such as a Stephen Johnson pillowcase (and, you know, other things like a Macbook pro, an Apple TV device, an iPod touch, an Apple Watch, a $100 gift card, and 3 months of Stocks to Trade). Just like in Season One, there’s also another “Greedy Little Bastard” prize, which includes all of the aforementioned items!

https://youtu.be/OZziqnThY6k

Visit our giveaway page for more information!

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Super Trader Steven Dux https://www.steadytrade.com/super-trader-steven-dux/ https://www.steadytrade.com/super-trader-steven-dux/#comments Mon, 04 Dec 2017 14:00:15 +0000 http://www.steadytrade.com/?p=545 Interview with Super Trader Steven Dux One of the biggest goals of the Steady Trade Podcast is to help you realize your trading goals. We want take you from wherever you currently are in trading, whether you’re a newbie or an investor who wants to change to the day trading track, to where it is […]

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Interview with Super Trader Steven Dux

One of the biggest goals of the Steady Trade Podcast is to help you realize your trading goals. We want take you from wherever you currently are in trading, whether you’re a newbie or an investor who wants to change to the day trading track, to where it is you want to ultimately go in your career. As part of this mission, we occasionally bring in guests who have found success in trading to help inspire you to pursue your own goals.

As success stories go, it doesn’t get much more inspiring than Super Trader Steven Dux . Still in his early twenties, Super Trader Steven Dux has already earned $1.3 million trading penny stocks in less than two years. In this episode of the podcast, hosts Tim Bohen and Stephen Johnson interview this trading phenom about his meteoric rise in the penny stock world, how he did it, what he still needs to learn, and what keeps him going.

A disclaimer

Remember: this is the Steady Trade Podcast for a reason. We try to focus on ways to find consistent, steady success in trading. As such, it’s important to realize that every journey is different. When listening to interviews like this, do be inspired, but try not to compare yourself to the trader in question. There are all sorts of variables involved in every trader’s process and success, and you need to keep your own expectations realistic.

Stephen Dux’s path: humble beginnings

Stephen Dux began his trading path began in early 2016, when he started out trading ETFs with a friend. After a few small wins, he decided that he could make some serious money if he got his act together. After going down the Google wormhole, he came across Tim Sykes on social media. He was initially skeptical that Tim’s offerings were a scheme, but after buying a DVD and checking things out, he became convinced that trading penny stocks was worth a try. He was intrigued by the volatility and action of trading penny stocks. The fact that you can make a lot of money in a little amount of time didn’t hurt, either.

Figuring it out

Stephen Dux loves strategy games, and he began to look at trading penny stocks from a game player point of view. The psychology if the stock market is similar in many ways to strategy, and it “clicked” pretty fast for him. Early on, as he puts it, “I got lucky”. In spite of poor risk management, he began to make gains pretty quickly; his first big profit was an incredible $12,000. Yeah, hosts Tim and Stephen (Johnson) are willing to admit that they’re a little jealous of that one.

Shaping a strategy

Not to make you feel like a slacker or anything, but in addition to being a superstar trader, Stephen Dux is also a student. While studying engineering and accounting doesn’t necessarily inform his trades directly, he has been able to apply some of the principles of his education to trading. In particular, one of the key aspects of his approach to trading is looking at it from a strategic standpoint. In the podcast, he talks about how he tracks different sectors and catalysts to decide how and when to trade. As Stephen Dux acknowledges, he’s not the best at managing risk, so having a strategy is very important for him, and has been a key factor in his success.

The king of the spreadsheet

Another big factor in Stephen Dux’s success is his incredible spreadsheet system. Among certain circles, Dux is known as the “king of the spreadsheet”. He maintains thousands of spreadsheets which help him track patterns, which allows him to plot strategies and execute trades. As the interview unfolds, you’ll begin to realize how intentional his methods are, and how his success is very much due to careful monitoring and planning versus some random fluke trades.

Moving forward

After spending time talking about how Super Trader Stephen Dux has attained and is maintaining his trading success, the conversation shifts to future plans. And Stephen has some incredible things in the pipeline.

For instance, those spreadsheets? Stephen would rather not deal with those thousands of spreadsheets forever, and so he’s working on engineering an AI system that can pore through his research and execute trades for him. Host Stephen Johnson may not be able to help with the algorithm for such a program, but he’s quick to create a name for it: the Duxinator.

Stephen Dux has also been working on developing DVDs of his own to educate and inspire new traders. In the podcast, Dux and hosts Tim and Stephen discuss what viewers can hope to learn from the lessons.

Win big!

Don’t forget: there’s a giveaway in the works! Season two’s giveaway offerings include incredible prizes such as a Stephen Johnson pillowcase (and, you know, other things like a Macbook pro, an Apple TV device, an iPod touch, an Apple Watch, a $100 gift card, and 3 months of Stocks to Trade). Just like in Season One, there’s also another “Greedy Little Bastard” prize, which includes all of the aforementioned items!

Visit our giveaway page for more information, and stay tuned for Episode 6!

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The Strange Truth about Pump and Dumps https://www.steadytrade.com/pump-and-dumps/ https://www.steadytrade.com/pump-and-dumps/#comments Mon, 27 Nov 2017 14:00:34 +0000 http://www.steadytrade.com/?p=543 In Season One of the Steady Trade Podcast, hosts Tim Bohen and Stephen Johnson offered a foundational education on important things that every new trader needs to know. In Season Two, they are continuing to build on that education by teaching you what you need to do to springboard from education to actual trading. One […]

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In Season One of the Steady Trade Podcast, hosts Tim Bohen and Stephen Johnson offered a foundational education on important things that every new trader needs to know. In Season Two, they are continuing to build on that education by teaching you what you need to do to springboard from education to actual trading.

One of the main things you’ll need to successfully transition from student to day trader is a strong understanding and mastery of patterns. While to a certain degree this is something you’ll learn over time, there are several key patterns that repeat themselves so frequently that you need to know about them. One such pattern, and the subject of Episode Four, is the pump and dump.

What is a pump and dump?

This jitter-inducing term is thrown around a lot in trading. But what exactly does it mean?

In essence, a pump and dump is a controlled inflation of a stock’s price. Typically, it’s engineered by individuals who have access to a lot of the stock and want to raise its value. However, the actual production will likely involve many players; it might be initiated by a shareholder, but then executed by promoters.

They will knowingly inflate stock prices through various promotional efforts (the “pump”). Once the stock’s value has been raised considerably, the aforementioned individuals unload the stock rapidly and in great quantity, earning profits for themselves but overall lowering the value of the stock for the others who bought in and helped raise the price (the “dump”).

The evolution of pump and dumps.

When many people think of the pump and dump scheme, they think of a boiler room format, a la The Wolf of Wall Street. However, pump and dumps aren’t always quite so blatant, nor are they conducted by smooth-talking salesmen in dimly lit boiler rooms.

In the 90s, pump and dumps migrated to the internet. Emails, chat rooms, online forums, and hard copy mailers would be used to inflate the prices. Today, pump and dump inflation efforts might be conducted via internet channels and social media channels. Because of this, it’s not always easy to instantly pinpoint what is and what is not a pump and dump.

Identifying pump and dumps.

Identifying pump and dumps isn’t always as easy as it sounds.Promoters have gotten smart to the fact that a big and rapid spike is a red flag. As such, these days, many pump and dumps are engineered to “walk” or have a more gradual price raise. Basically, they want to keep people in until they are ready to sell.

In the episode, Tim and Stephen offer some specific tips on how to identify pump and dumps, and offer advice on how they have changed over the years. They also offer tips for how to get an edge on it so that you can begin to follow a successful model for trading pump and dumps and formulating a plan.

Using pump and dumps to your advantage.

In the podcast, Tim and Stephen talk about successful traders like Tim Grittani and Tim Sykes have used pump and dumps to their advantage. They discuss specific approaches and ways in which these traders have gained an edge which has helped pump and dumps make them money.

Do you want to use pump and dumps to make money? Time, technique, and lots of research are necessary to make it work. Tim and Stephen discuss the pros and cons of working with pump and dumps and offer some great advice for how you, as a trader, can consider if this is the right direction for you.  

Remembering your foundation.

Tim passes on a saying that “Markets can stay irrational longer than you can stay solvent.” Remember: you can be right about identifying a pump and dump. However, unless you get in at the right time, you can lose a lot of money. By remembering your foundation and following Tim and Stephen’s tips to figure out a specific plan, you can reduce the risk that comes with investing in pump and dumps.

Win big!

A new season of the Steady Trade Podcast means an all-new giveaway, including a Stephen Johnson pillowcase (and, you know, other things like a Macbook pro, an Apple TV device, an iPod touch, an Apple Watch, a $100 gift card, and 3 months of Stocks to Trade). Just like in Season One, there’s also another “Greedy Little Bastard” prize, which includes all of the aforementioned items!

Visit our giveaway page for more information, and stay tuned for Episode 5!

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Super Trader Roland Wolf Part 2 https://www.steadytrade.com/super-trader-roland-wolf-part-2/ https://www.steadytrade.com/super-trader-roland-wolf-part-2/#comments Mon, 20 Nov 2017 14:00:49 +0000 http://www.steadytrade.com/?p=541 Super Trader Roland Wolf Part 2 Episode Two of the Steady Trade Podcast features Tim and Stephen interview with trading phenom Roland Wolf. The interview was too good to cut short but too long to share in a single episode, so we broke it into two parts. In Part One of the episode, Tim, Stephen, […]

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Super Trader Roland Wolf Part 2

Episode Two of the Steady Trade Podcast features Tim and Stephen interview with trading phenom Roland Wolf. The interview was too good to cut short but too long to share in a single episode, so we broke it into two parts.

In Part One of the episode, Tim, Stephen, and Roland speak frankly and extensively about Roland’s ascent to trading success, critiquing and commenting on his progress and offering great suggestions for how new traders can use his experiences to their advantage.

In Part Two of the episode, the three traders delve deeper into Roland’s career advancement and how he became a mover and shaker in the world of day trading, and also address some powerful lessons he’s learned so far in his career.

The Italian Job: a pivotal career moment

Bromance, career development, and advancement. For Roland Wolf, a trip to Italy for a trading summit hosted by Tim Sykes proved pivotal in his career. For one thing, he was surrounded by traders, which was a new experience. Not only was he able to meet one of his trading idols, but also to connect with a lot of like-minded traders.

Trading can be a fairly isolating profession, and it can be difficult to truly connect with others when you only know them by a screen name. It was also in Italy that Stephen and Roland began what can only be called a storied bromance!

In the interview, all three traders discuss one of the big advantages of going to conferences and the power of connection with other traders. More than mere networking, they are like a vacation, therapy session, and career boost all in one!

Trading lessons you can’t buy

As the interview progresses, Roland shares with Tim and Stephen some of the lessons he’s learned so far as a trader. Among them:

  • The importance of studying. For Roland, studying didn’t come quickly or naturally. This is partially because he’s a busy guy: he has a wife and children, and when he started trading, he even had a full time job! But now, he sees it as a vital part of his process because he’s seen the results it delivers. He’ll literally wake up at 4:30 in the morning to fit in studying and research time. Even if you have to get creative with your timing and end up tired for a while, it’s worth taking the time to study.
  • It’s not luck. At first, Roland thought it was luck that kept him winning in the market. He no longer believes that. Yes, he has a talent for picking great stocks, but it’s only been through augmenting that natural talent with education and research that he’s really been able to use it to his reliable advantage. In the episode, he shares his thoughts on talent versus the results delivered by consistent screen time.
  • It’s not just about money. To really gain success as a trader, you have to develop a passion for the process. Anyone can work to make money in the short term, but as Tim Bohen says, “Are you willing to sit at that effing computer for 12 hours per day?”. Adds Roland, “If you don’t really enjoy it and you’re not passionate about it, what’s the point?”.

Roland shares his secrets

To finish out the episode, Tim and Stephen get down to nuts and bolts. They quiz Roland on his methods, including what indicators that he looks for.

They also get real, talking about the best and worst trades Roland ever made. Yeah, he’s had a few: with win rate of about 64 percent, he acts as proof positive that even hotshot traders don’t get it right all of the time. However, as the traders discuss, this doesn’t mean you can’t be profitable.

They also discuss Roland’s most reliable setups and how he approaches a trade. New traders will benefit from his universal tips that can be employed by traders at any level.

Moving forward

As the interview comes to a close, the traders discuss Roland’s next steps. At the moment, he’s beginning to contemplate short selling, but he’s in no big rush to rock the boat. Ultimately, much of his success has been thanks to his contrarian tendencies, and so he’s cautious in the bull market. Ultimately, he wants to be consistent and safe in his trading.

They finish out with Roland sharing some wisdom and goals for the road, and there may or may not be a fade-out montage with Stephen and Roland double-dutch jump roping into the sunset as the interview comes to a close.

Win big!

A new season of the Steady Trade Podcast means an all-new giveaway! Visit our giveaway page for more information!

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