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EP55: Two Traders, Four Questions (Part 1 of 2)
Walter and Darren jump into your questions in this episode. How do you know you are ready for “real trading?” Darren stresses looking at the process, rather than the end result. Walter encourages new traders to look at trading as a job.
From this episode you’ll get the three simple questions you must ask yourself before trading real money.
Another listener’s question about trading frequency is covered in this episode. Is it possible to take three trades per day? And if so, why would you want to? Darren and Walter both agree that the key to successful trading lies in doing this one thing well and is completely unrelated to frequency with which you take trades.
Download (Duration: 19:27 /22.2 MB)
In this episode:
00:54 – practice before jumping in
02:34 – take plenty of time
04:22 – liquidity to the market
05:37 – “get-rich-quick”
07:12 – practice to get confidence
09:03 – what is going to happen next?
11:03 – three trades per day
12:43 – what’s going to be successful for you?
14:13 – expand your horizons
15:41 – in the wrong spot
17:38 – get your hands dirty
18:34 – new traders with no system
Tweetables:
Trading is about learning about yourself. [Click To Tweet].
The best path to getting confidence is to just practice. [Click To Tweet].
Get into that groove where you are comfortable to accept expectations. [Click To Tweet].
Download The Full Episode 55 Transcript Here
Walter: A lot of what you are going to come up with as a trader, and your sort of take on something, is going to happen when you get your hands dirty and you start looking around. I think that’s …
Announcer: Two Traders, Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders Podcast.
Walter: Welcome to the Two Traders Podcast. Walter here and we’ve got Darren on the line. Today, we’ve got a series of questions that we have coming from listeners. I thought, what we can do is take time today to go ahead and tackle each of these four questions. How does that sound?
Darren: That sounds good. I like the questions and comments from the listeners.
Walter: Excellent! The first one that I have here is: I need to take time to practice before jumping in right away with real money.
This trader’s issue is that he/she is, essentially, feeling like he/she does not have the right background in the trading system before jumping in and trading real money.
It does not sound like it is going well. What would you say to this, Darren?
Darren: It seems to me like the person, perhaps, wants it too much. Something I am aware of with traders, usually. If you’ve got to the end of your table with your particular life set up at the moment or there is some things yo...
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By Walter PetersWalter and Darren jump into your questions in this episode. How do you know you are ready for “real trading?” Darren stresses looking at the process, rather than the end result. Walter encourages new traders to look at trading as a job.
From this episode you’ll get the three simple questions you must ask yourself before trading real money.
Another listener’s question about trading frequency is covered in this episode. Is it possible to take three trades per day? And if so, why would you want to? Darren and Walter both agree that the key to successful trading lies in doing this one thing well and is completely unrelated to frequency with which you take trades.
Download (Duration: 19:27 /22.2 MB)
In this episode:
00:54 – practice before jumping in
02:34 – take plenty of time
04:22 – liquidity to the market
05:37 – “get-rich-quick”
07:12 – practice to get confidence
09:03 – what is going to happen next?
11:03 – three trades per day
12:43 – what’s going to be successful for you?
14:13 – expand your horizons
15:41 – in the wrong spot
17:38 – get your hands dirty
18:34 – new traders with no system
Tweetables:
Trading is about learning about yourself. [Click To Tweet].
The best path to getting confidence is to just practice. [Click To Tweet].
Get into that groove where you are comfortable to accept expectations. [Click To Tweet].
Download The Full Episode 55 Transcript Here
Walter: A lot of what you are going to come up with as a trader, and your sort of take on something, is going to happen when you get your hands dirty and you start looking around. I think that’s …
Announcer: Two Traders, Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders Podcast.
Walter: Welcome to the Two Traders Podcast. Walter here and we’ve got Darren on the line. Today, we’ve got a series of questions that we have coming from listeners. I thought, what we can do is take time today to go ahead and tackle each of these four questions. How does that sound?
Darren: That sounds good. I like the questions and comments from the listeners.
Walter: Excellent! The first one that I have here is: I need to take time to practice before jumping in right away with real money.
This trader’s issue is that he/she is, essentially, feeling like he/she does not have the right background in the trading system before jumping in and trading real money.
It does not sound like it is going well. What would you say to this, Darren?
Darren: It seems to me like the person, perhaps, wants it too much. Something I am aware of with traders, usually. If you’ve got to the end of your table with your particular life set up at the moment or there is some things yo...