The Stock Trading Reality Podcast

Learning to Think Different | STR 187


Listen Later

My world was unexpectedly turned upside down with this discussion. I’ll admit, at times my views can be quite rigid; however, hearing this person’s story has shown me I maybe need a different approach at times. With all that being said, the pathway and moral-of-the-story was once again the same (and yet another data point): no excuses! Our guest, Ethan (“qualia” in the chat room), had an upbringing that caused him first need to do some heavy lifting in order to change his mindset, but after doing so, he’s built himself a nice life and is now expanding into trading. The trading journey is still young, but given his mindset with his work ethic sprinkled in, there’s no doubt he’s going to be doing great things. I truly enjoyed this discussion and I know you will too. (in fact, I enjoyed it so much I also had a longer discussion with him on my The Money with Clay Podcast) Notes: Today we interview community member Ethan who goes by qualia in the chat rooms. While running his business in California, he met a broker who actually cared and tried to help his clients outperform the market. After looking at all the fees, Ethan wondered why he shouldn’t just buy stocks himself. Considering his upbringing, he realized that he had conflicting thoughts about money. This has led to swings in his income over time. He needed to change his thinking and this would ultimately be the turning point for him. After visiting some friends down south, Ethan realized that his money could go much further in the real estate market there over the California market. After getting established at their new home, Ethan decided on a date to which he was going to enroll in Claytrader University. Now that his finances were in order, he spoke with a broker friend of his and realized that he could learn how to do this himself. Regardless of his new plethora of knowledge, the next hurdle to overcome is the emotional side. He knows what he needs to do but it really counts when the rubber meets the road. Quotes: Somehow I got in contact with a broker and this guy was so caring. He always made sure he was helping his clients. Thinking differently was like an exercise and building on it one small step at a time. We had some friends that lived down south. I could start up my business again and I could buy real estate very cheap. People use brokers because they are afraid. They don’t want to do it. They want to put it in the hands of others. I actually have to sit down and make a plan and test that plan until I know it works. That’s the hardest part.
...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