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EP74: Uncle Point
Have you ever reached a point with your trading that you say to yourself “That’s it. I’m done.”
In this episode of 2Traders podcast, Walter and Darren explore the “Uncle Point.” Because trading can be very emotionally and psychologically draining, especially if you rely on profits for your income. When do know you’ve reached a trading dead end?
Walter talks about one one method that you can employ to let off some steam from the pressure of trading.
Darren shows you how to refresh your trading approach, when you require a recharge for your trading.
Download (Duration: 20:44 / 23.7 MB)
In this episode:
00:58 – pin down
02:25 – throw in the towel
04:48 – interested observer
07:29 – working solidly
10:39 – face to face
13:01 – support network
16:02 – not a cheery podcast
18:18 – prolong the pain
19:00 – it’s time
20:14 – cracking the nut
Tweetables:
Find a trading buddy to share your thoughts with. [Click To Tweet].
The markets and charts can be a very lonely place to be. [Click To Tweet].
Know when to stop and breathe. [Click To Tweet].
Download The Full Episode 74 Transcript Here
Darren: If you know what your problem is and you cannot stop repeating it, it does pose the question of whether you deeply ingrained in you and you were never able to change…
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. Hello, Darren.
Darren: Good evening, Walter.
Walter: We are going to talk about chucking in the towel in this episode. The idea, I guess, here is when do you sort of hit that uncle point. I don’t know. Do you say “uncle”? Is that something you say in the UK? Is that something that people say, say “uncle”?
Darren: No, I haven’t heard of that saying.
Walter: Well, I guess it’s an American one. It means like if you were a little kid and your big brother had you pinned down to the floor, you are squirming and you are trying to get out of it, you know you are not going anywhere because he’s stronger and bigger and older than you. He’ll say “Say uncle”. So, uncle just means that “I give up”.
Darren: Okay.
Walter: When do you say that? That is basically it. When do you say “uncle”? When do you throw in the towel and quit being a trader. Are there any signs? Are there reasons to do so?
Darren: The reason why I emailed this proposal for this podcast to you was that recently, a friend of mine who has been trading for a long time — really smart guy, good trader — has contacted me this week and said that he was… That was it for him with trading.
He was chucking in the towel and it was making him unhappy. It was affecting his life negatively and he wanted to go on with...
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By Walter PetersHave you ever reached a point with your trading that you say to yourself “That’s it. I’m done.”
In this episode of 2Traders podcast, Walter and Darren explore the “Uncle Point.” Because trading can be very emotionally and psychologically draining, especially if you rely on profits for your income. When do know you’ve reached a trading dead end?
Walter talks about one one method that you can employ to let off some steam from the pressure of trading.
Darren shows you how to refresh your trading approach, when you require a recharge for your trading.
Download (Duration: 20:44 / 23.7 MB)
In this episode:
00:58 – pin down
02:25 – throw in the towel
04:48 – interested observer
07:29 – working solidly
10:39 – face to face
13:01 – support network
16:02 – not a cheery podcast
18:18 – prolong the pain
19:00 – it’s time
20:14 – cracking the nut
Tweetables:
Find a trading buddy to share your thoughts with. [Click To Tweet].
The markets and charts can be a very lonely place to be. [Click To Tweet].
Know when to stop and breathe. [Click To Tweet].
Download The Full Episode 74 Transcript Here
Darren: If you know what your problem is and you cannot stop repeating it, it does pose the question of whether you deeply ingrained in you and you were never able to change…
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. Hello, Darren.
Darren: Good evening, Walter.
Walter: We are going to talk about chucking in the towel in this episode. The idea, I guess, here is when do you sort of hit that uncle point. I don’t know. Do you say “uncle”? Is that something you say in the UK? Is that something that people say, say “uncle”?
Darren: No, I haven’t heard of that saying.
Walter: Well, I guess it’s an American one. It means like if you were a little kid and your big brother had you pinned down to the floor, you are squirming and you are trying to get out of it, you know you are not going anywhere because he’s stronger and bigger and older than you. He’ll say “Say uncle”. So, uncle just means that “I give up”.
Darren: Okay.
Walter: When do you say that? That is basically it. When do you say “uncle”? When do you throw in the towel and quit being a trader. Are there any signs? Are there reasons to do so?
Darren: The reason why I emailed this proposal for this podcast to you was that recently, a friend of mine who has been trading for a long time — really smart guy, good trader — has contacted me this week and said that he was… That was it for him with trading.
He was chucking in the towel and it was making him unhappy. It was affecting his life negatively and he wanted to go on with...