The Stock Trading Reality Podcast

Learning to Focus on the Process First. | STR 142


Listen Later

While our guest had always known about the market, he had a bit of a twist in the sense that everything he heard about it was negative. The cherry on top was he also had a friend who was personally affected by losing all their money in the market. Our guest from the community, Greg, realized that if he were to ever get involved in the market, he would need to focus on his education first. Unfortunately, the criteria which was taught needed a very specific criteria which led to less than 10 trades an entire year. This type of long term trading did not fit with Greg’s personality. After trimming the criteria, he started taking many trades and this led to ‘death by 1000 cuts.’ He took a small account down to practically nothing and this led him to wake up and realize for long term growth, something needs to change. Where did it all go from here? Give the interview a listen! Notes: Today we interview community member Greg. While he had always known about the market, everything he heard about it was negative. He also had a friend who was personally affected by losing all their money in the market. Greg realized that if he were to ever get involved in the market, he would need to focus on his education first. Unfortunately, the criteria which was taught needed a very specific criteria which led to less than 10 trades an entire year. This type of long term trading did not fit with Greg’s personality. After trimming the criteria, he started taking many trades and this led to ‘death by 1000 cuts.’ He took a small account down to practically nothing and this led him to wake up and realize for long term growth, something needs to change. Greg found Clay on Youtube and decided to go through the University program. His main goal is to have more time to spend with his family and while his time is limited, he always finds a way to make time for his studies. Where as most people focus on only the results, Greg has realized that in almost everything in life, focusing on the process is much more valuable and an truly lead to long lasting success. Quotes: For a majority of my adult life I had no interest in the market. Everything I heard about the market was negative. Trading is a skill set that can be learned. You’re not born a winning trader or a losing trader. Even having education, there is so much more that goes into it. I underestimated the emotional component. I’m not looking to be entertained. I really want to learn it and learn it well. I want to be able to do this. Maybe instead of a streak of green days, I can try to have a streak of days where I don’t break the rules and then celebrate. Links: https://claytrader.com/videos/stock-trading-quick-tip-math-trap/
...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
Motley Fool Money by The Motley Fool

Motley Fool Money

3,178 Listeners

Best Stocks Now with Bill Gunderson by Bill Gunderson

Best Stocks Now with Bill Gunderson

348 Listeners

The Peter Schiff Show Podcast by Peter Schiff

The Peter Schiff Show Podcast

5,675 Listeners

Top Traders Unplugged by Niels Kaastrup-Larsen

Top Traders Unplugged

582 Listeners

Chat With Traders by Tessa Dao

Chat With Traders

1,984 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

The Ben Shapiro Show by The Daily Wire

The Ben Shapiro Show

153,798 Listeners

Swing Trading the Stock Market by Ryan Mallory

Swing Trading the Stock Market

789 Listeners

Schwab Market Update Audio by Charles Schwab

Schwab Market Update Audio

316 Listeners

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

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

225 Listeners

B The Trader by Alex B

B The Trader

355 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

Stock Market Today With IBD by Investor's Business Daily

Stock Market Today With IBD

36 Listeners

Words of Rizdom by Riz Iqbal

Words of Rizdom

16 Listeners