The Stock Trading Reality Podcast

How to Find Your “Sweet Spot” as a Trader | STR 013


Listen Later

While a very private individual, today's guest stepped out from the shadows to talk about his journey as a trader. "DS" takes us through first getting started, realizing he wasn't nearly as smart as he thought he was, and then hopping onto the true path of success: figuring out the "sweet spot" in his trading personality. We learn about the steps he had to take in order to construct a trading system that fit his personal risk tolerance profile and therefore allowed for trading consistency. There is a huge amount of great nuggets of information in today's interview, so you'll want to be sure to soak it all in. Notes: DS was invested in mutual funds for many years and after he semi-retired he decided to take control of his finances and decided to learn how to trade. He was struggling to realize why some of his trades wouldn’t follow through when he realized he was competing against other timeframes. DS recognized that everyone has their own trading parameters and comforts. He designed a strategy that fit his risk profile and provided comfort. There are many tools out there for traders to use but what matters is finding ones that work for you. Quotes: “I was looking for something larger than 100$ a day. I could win that on the golf course. The moves just weren't large enough.” tweet this quote “You’re not smart when you first start. You’re either lucky or run out of money until you figure out what works.” tweet this quote “It’s not like you are making money off the company. You are making money off someones inability to read a chart.” tweet this quote “When you lose 10k in a week multiple times you come to realize very quickly that you are not that damn smart.” tweet this quote “You may not have winning days everyday but if you have more green days than red you are able to grow it and retire.” tweet this quote Links: Course: Robotic Trading
...more
View all episodesView all episodes
Download on the App Store

The Stock Trading Reality PodcastBy ClayTrader

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

328 ratings


More shows like The Stock Trading Reality Podcast

View all
Best Stocks Now with Bill Gunderson by Bill Gunderson

Best Stocks Now with Bill Gunderson

351 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,854 Listeners

Top Traders Unplugged by Niels Kaastrup-Larsen

Top Traders Unplugged

582 Listeners

Chat With Traders by Ian Cox and Tessa Dao

Chat With Traders

1,986 Listeners

Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders by Etienne Crete

Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders

105 Listeners

Swing Trading the Stock Market by Ryan Mallory

Swing Trading the Stock Market

806 Listeners

Schwab Market Update Audio by Charles Schwab

Schwab Market Update Audio

320 Listeners

Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More) by Cam Hawkins

Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)

225 Listeners

Investing With IBD by Investor's Business Daily

Investing With IBD

384 Listeners

My First Million by Hubspot Media

My First Million

2,624 Listeners

Stock Market Options Trading by Eric O'Rourke

Stock Market Options Trading

298 Listeners

The Day Trading Show by Austin Silver

The Day Trading Show

55 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,207 Listeners

Stock Market Today With IBD by Investor's Business Daily

Stock Market Today With IBD

43 Listeners

Words of Rizdom by Riz Iqbal

Words of Rizdom

16 Listeners