Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology

Resilience coach and martial arts expert Michael Licenblat joins Talking Trading to discuss how traders can tap into their innate resilience to conquer the markets. Michael discusses how to develop and ritualise habits and patterns of thinking which enable you to conquer self-doubt and bounce back fast. Michael LicenblatRESILIENCE is an INNATE STRENTH within everybody but sometimes we need help to draw it out and build it up to make it strong and unshakeable in the face of circumstances and when the markets aren’t performing.Resilience coach Michael Licenblat believes there are 6 fundamental qualities which help a person stay resilient.1. DO NOT PERSONALISE FAILURESeparate your worthiness from your trading outcomes and what you learnt along the way. Mistakes are simply the journey to getting things right.2. KEEP AN OPEN MINDAs in martial arts strive to for a black belt but have a white belt mentality. When you remove the ego of I know it all or the fear of I have to know it all then you can progress. 3. OPTIMISMOptimism is a tool to stay level headed and centred. It is having positive expectation and is a discipline of thinking of what can be done. 4. IDENTIFY PROBLEMSJust like working a muscle you don’t toughen up by ignoring a problem you toughen up by identifying a problem. 5. IGNORE SELF DOUBTSelf-doubt is a POISON. It is a habit of making a negative assessment of your ability and is simply fear. Self-doubt is an old habit that keeps holding you back and bringing you down. DON’T counsel DON'T indulge it.The key to RESILIENCE is developing habits you don’t have to think about consciously. Ritualise your habits so they become unconscious and you will bounce back fast.To download Michael’s eBook - The Seven Ways To Prevent Getting Overworked Rundown and Stressed Out go to www.bouncebackfast.com.    Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.Additional Music by Kevin MacLeod http://www.incompetech.com

Still trading on gut feel? That’s not strategy — that’s gambling. And it’s why most traders stay broke.
Get my Trading Made Simple course free at tradinggame.com.au and start trading like the pros. 

Don’t wait — the market won’t.

Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.

For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.

www.tradinggame.com.au
www.talkingtrading.com.au.
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In this week’s episode of Talking Trading Chris Tate walks us through the market news of the world. As the boom comes off China and Greece hinges in uncertainty Chris discusses the bi polar nature of markets. Hear how Australia is caught in a sideways move which is neither bull nor bear and join Mentoree Joe Papa in Café Conversations to hear his trading journey and how success has come not by FedEx but by dogged determination.Chris Tate – Market Wrap 29 June 2015China has been the best performing equity market of the year gaining over 40%. But the shine has worn off and the PULLBACK has arrived.Manic energy has turned into panic as people are forced selling.The Nikkei is also dropping as Chris is stopped out of his long position.Meanwhile Greece hinges in uncertainty with its loan repayments and Chris discusses the future of the EU.Australian markets are neither bear nor bull and are caught in a sideways slop. Hear where Chris is looking to make profits and which commodities are trending.Café Conversations – Joe PapaJoe Papa did the Mentor Program in 2009 and has had great results including a trade with a 32 R return.Joe knew success would not be FedEx - it would not come overnight. He has been a woodpecker and doggedly persisted with the markets until he hit results.   Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.Additional Music by Kevin MacLeod http://www.incompetech.com

Still trading on gut feel? That’s not strategy — that’s gambling. And it’s why most traders stay broke.
Get my Trading Made Simple course free at tradinggame.com.au and start trading like the pros. 

Don’t wait — the market won’t.

Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.

For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.

www.tradinggame.com.au
www.talkingtrading.com.au.
Facebook
YouTube
Twitter
LinkedIn

In this week’s episode of Talking Trading we hear from Trading Game Mentoree Kirsten Stoldt. After taking a break from intensive farming Kirsten tackled the markets to become a successful trader. Hear her journey of trading experiences, her lessons of detachment and how her trading system has evolved to plough the markets of profits. Kirsten Stoldt - from farmer to traderMentoree Kirsten Stoldt migrated from Germany 20 years ago and established a farm in tropical Australia. In 2011 she decided to take on the markets and has built a robust trading system which earns her profits.In both farming and trading there is NO INSTANT GRATIFICATION.Learning detachment and internalising the attitude to have no opinion on the markets has been the hardest thing for Kirsten to master, and working on her psychology and overcoming frustration is still one of her priorities.Hear how Kirsten has learnt to just keep swinging the bat until the profits flow, find out what positions she has on at the moment and the pearls of advice which sustain and drive her towards big trading returns.Mastering a trading system can be simple but it is never EASY.  Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.Additional Music by Kevin MacLeod http://www.incompetech.com

Still trading on gut feel? That’s not strategy — that’s gambling. And it’s why most traders stay broke.
Get my Trading Made Simple course free at tradinggame.com.au and start trading like the pros. 

Don’t wait — the market won’t.

Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.

For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.

www.tradinggame.com.au
www.talkingtrading.com.au.
Facebook
YouTube
Twitter
LinkedIn

In this week’s episode we go forwards and backwards in time to look at the technological future of share trading and the history of The South Sea Bubble. With Google Goggles we are on the brink of being able to put a chart up and execute a trade with the blink of an eye. However just as the mania of the South Sea Bubble shows, people don’t change, human emotions never alter - therefore markets will always stay the same. And Jono Barratt tells us all about the bond market.

 

Market Wrap with jono Barratt

The markets were volatile in the US – The Dow was down 140 points, gold and oil didn’t move and the US dollar was stable.

Jono is searching for more a long-term structure in his portfolio with sustainable yields in the corporate bond market with rates of return at 7.5 to 10%.

 

The Future of Share Trading - Louise Bedford

The future of trading technology is limitless.

We are one step away from being able to blink and put up a chart in front of our eyes using Google Goggles.

Our computing processing power doubles every two years and futurists believe there will be computers with greater than human intelligence by 2040. Charting packages will become simpler to use, back testing will become easier and there will be much more speed.

However the more the markets change the more they stay the same.

PEOPLE NEVER CHANGE so no matter what technology we have to help us, the markets will STAY THE SAME because people drive market action.

 

Did You Know – South Sea Bubble – Chris Tate

There is NOTHING new in the markets as proved by the history surrounding the SOUTH SEA BUBBLE.

Being a student of the history of the markets teaches you about the market itself, and the infamous South Sea Bubble shares many features with modern manias.

When South Sea Company proposed to take over management of the British National Debt in 1720 it caused widespread mania in its price of shares. Its staggering collapse later that year caused a government inquiry. It has many similarities to the Tech Wreck of the millennium, and its history shows that there is nothing new under the sun when it comes to the markets.

 

 

Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.

Additional Music by Kevin MacLeod http://www.incompetech.com

The former translator to the Dalai Lama discusses how traders can strengthen their minds for the markets and truly enjoy success.

The wisdom of the Himalayas comes to Talking Trading this week with Gyutu monk and ex-translator to the Dalai Lama, Sonam Rigzin as he discusses the power of the human mind and its impact on share trading. Enjoy his accent absorb his wisdom and get ready be inspired.

 

Sonam Rigzin – Former translator to the Dalai Lama

The game of SURVIVAL and competition pushes human beings towards fear and selfishness.

Conquering this instinct with compassion, altruism and thinking of others enables you to truly know the depths of your mind and experience fearlessness and confidence in trading and in all areas of your life.

In thinking of others the poisons of resentment, sadness, grief, anger and insecurity dissolve and allow constructive emotions such as generosity to arise.

The power of GENEROSITY is not in how much you give away but how much you ENJOY the process of giving without expectation of anything coming back to you. This gives you feelings of LIBERATION and FREEDOM.

Trading is a game, a profitable game where great rewards are reaped; when traders fully grasp the impermanence of the game they will feel an inner strength and a deeper self-assurance.

As Sonam says ‘Share traders are true spiritual masters because they take risks all the time and can truly master their minds.’

 

 

 

Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.

Additional Music by Kevin MacLeod http://www.incompetech.com

The neuroscience of meditation says it all: we perform better when we have rested our minds. When elite traders in New York use this eastern art, it is time step up and take notice. Enjoy Allan Furlong’s accent, his philosophy on life and his deep belief in the power of harnessing our minds. Also hear our resident psychology expert, Simone Miller tells you how to stare down the beast of unworthiness and step into your potential.

 

Simone Miller - Beat the beast of unworthiness

As traders we are ambitious… we want to strive beyond just the basics.

But sometimes the beast of unworthiness steps in and sabotages your dreams.

It takes all forms and all manner of disguises:

Do you take daily consistent actions to achieve your goals

Do you waste time doing unnecessary tasks and waylaying ones that help you meet your goals

Do you feel guilty about having more than others?

It is a strange fact in life that when you believe in yourself others will automatically as well. Love and relish the process of success and train yourself to think and act positivity and choose daily gratitude over doubt.

At the end of the day you are as worthy as anyone else and deserve success.

Simone can be contacted at http://lifesupportscounselling.com.au/counsellors/simone-miller/

 

Alan Furlong – Meditation

When kickass FX traders in New York start using meditation, it is time to stop and take notice.

The one tool we have in our toolkit that no one knows its limitations is our brain.

Brain training or meditation allows you to tap into this extraordinary resource and elite performers and professionals are discovering it improves their performance.

MRI scans have proved that those people who meditate have enhanced problem solving skills, greater creativity and better ability under pressure as well as greater capacity for joy and contentment.

Alan Furlong is an ex rugby playing entrepreneur who came from work-hard drink-hard culture who meditates every day. He swears by the neuroscience of this eastern art and the benefits to his life.

To learn more about Alan Furlong’s 7 Week Business Transformation Program, click here.

 

Mindpower with Caroline Stephen

As the Dalai Lama says ‘the wonderful thing about our minds is that they can be transformed’.

Hear more about meditation in Caroline’s Mindpower segment and how practising meditation alters your mind.

 

 

Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.

Additional Music by Kevin MacLeod http://www.incompetech.com

Imagine a world where your best investors are people you have partied with in Las Vegas or where your best business ventures started over a pint of beer? This is the reality of tech start-ups on the liberalist ‘left coast’ of the USA.  Hear about the ‘open tech culture’ of Silicon Valley where disruptive and revolutionary ideas are encouraged. Plus get the low down on tech stocks and their 20-year history with Chris Tate.

 

Elias Bizannes – The Culture of the Silicon Valley

Being in the start up world is a lifestyle…

Some of your best investors are those you have partied with in Las Vegas, some of your best deals are made over a pint of beer.

There is a hub of energy and a petri dish of tech experiments where revolutionary and disruptive ideas are encouraged. The left over liberal culture of hippy movement infiltrates the tech ecosystem of Silicon Valley. Mark Zuckerburg caused initial public outrage with his open tech culture of Facebook.

Elias Bizannes runs StartUpHouse – a co-working space in the heart of Silicon Valley which Presidential Republican Candidate Paul Rand visited two weeks ago in answer to Bizannes’ challenge over the internet to listen to lone-wolf innovators.

He also runs StartUpBus – a 3-day tech competition where buspreneurs compete to conceive the best tech start up idea. StartUpBus is active on 5 continents – North and South America, Europe, Africa and Australia.

Cockroaches can survive nuclear attacks … so can entrepreneurs. As trading is the ultimate entrepreneurial endeavour hear why the freedom is as valuable as the pay itself.

 

Chris Tate – Tech Stocks

Learn the difference between Nasdaq Composite and the Nasdaq 100; hear about the mania of the dot.com bubble and The Tech Wreck. And find out about the performances of Apple, Microsoft and Amazon and why the Tech Dax is trending.

 

 

 

Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.

Additional Music by Kevin MacLeod http://www.incompetech.com

Be a trader - do trading - to have the things a trader enjoys.

Fed up with humdrum living? This episode looks at the commitment necessary and skills needed to rescue you from a mundane life. Dale Gilham from Talking Wealth shares his 30 years trading experience and the recipe for cracking the markets. It all comes down the education and practice – a great trader has practiced the markets like da Vinci. Louise Bedford also cracks her whip and tells us success is more about discipline than talent and is built on your good habits.

 

Dale Gilham – Wealth Within and Talking Wealth

‘Knowledge is the progressive realisation of your ignorance.’ Einstein.

The enemy of fear is knowledge and education and experience are the essential ingredients to become a professional trader. Dale Gilham educates many traders into financial freedom and he believes most traders fail because they don’t have enough understanding.

Absorb Dale’s 30 years of experience in the share market and hear how traders must practice trading in order to become a professional trader.

Dale Gilham from Wealth Within has been an industry expert for over 20 years. He established his podcast Talking Wealth for similar reasons as to why Talking Trading was developed – to empower people with knowledge from experienced traders. Dale’s diploma of share trading and investment has helped so many traders excel in the markets.

 

Mindpower with Louise Bedford

Stop Cheating.

We think we can cheat our dreams…just a little each day… no one will notice.

But it rusts our souls.

Achieving small feats of discipline put a sparkle back to your eye. Make sure you pursue the things that give you a buzz and put a spring back into your step.

Success is more about discipline than talents and success is built on the good habits you form.

 

 

 

Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.

Additional Music by Kevin MacLeod http://www.incompetech.com

This episode features fellow podcaster Dale Gilham from Wealth Within. He also runs his podcast show - 'Talking Wealth'. Hear Dale discuss the 'art form' of the markets over morning coffee with Chris Tate and Louise Bedford. Hear why Chris says the most important thing a trader can do is SURVIVE in the markets and why trading is a behavioural endeavour. Let Louise remind you that decisions based on fear always backfire in Mindpower, and find out Warren Buffet’s two golden rules for making money. Also hear which positions Jono is placing this week.

 

Market Wrap – Jono Barratt

With a solid close on Friday for the US markets and the Dow up 267 points the US economy looks to be out of its malaise.

Asian markets are also bubbling along following suit from the Yankee’s, while storm clouds sit on the horizon for Europe with Greece.

As the Aussie market waits on its budget news, hear which two commodities looked to have bottomed and are presenting opportunities to Jono this week.

 

Mindpower with Louise Bedford

Be on your guard against FEAR.

Fear stops you in your tracks and prevents you from hunting down your dreams. Anytime you make a decision based on fear it always backfires.

If you can’t find the time today to learn about the share market then when will you… if not today then when?

 

Dale Gilham Café Conversation

Dale Gilham from Wealth Within has been an industry expert for over 20 years. He established his podcast Talking Wealth for similar reasons as to why Talking Trading was developed - to empower people with knowledge from experienced traders. Dale's diploma of share trading and investment has helped so many traders excel in the markets.

Professional traders talk about the art form of trading, and to develop their art a trader must practice their skill and listen to other experienced traders for a length of time.

Make sure you stick around long enough in the market to get to learn how to truly paint your profits.

The key to profits in the markets is SURVIVAL.

Chris Tate says trading is not a functional endeavour it is a behavioural endeavour. If people pick up the right habits they survive in the markets, if they survive they make money, and if they make money they survive longer.

Learn to accept the simplicity of trading, those who complicate it do not make money in the markets.

 

 

 

Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.

Additional Music by Kevin MacLeod http://www.incompetech.com

Get inside Chris Tate’s head and his trading techniques with this week’s Talking Trading episode.

The vertical uplift in Asian markets has brought high volatility to the table. Chris discusses the Chinese economy and strategies he employs in his own trading system during these volatile conditions. This interview is a rare opportunity to hear the inner workings and survival mechanisms of Chris in the markets. Hear what he means by the term psychological rhythm and why when the dance floor is empty you must keep grooving. Also hear about Wealth Retreat that is on the Gold Coast at the end of May.

Interview with Chris Tate

China’s markets are AWAKE.

The economic focus has gone from building ghost cities to broking accounts as the population discovers the markets causing a near vertical rise in their value.

But with increased value comes increased volatility and Chris discusses what to do with your trading in such an environment.

Also with high volatility comes the temptation to tinker with your trading plan and step outside its boundaries. Chris Tate’s answer to deviating from your trading plan: SUFFER.

Suffer the consequences, suffer the pain and you learn from the experience. Trading is a negative reinforcement endeavour – you learn through pain not reward. It is also a profession where you must be on your game and Chris shares a story from his underbelly when even he became distracted and had a rush of hot blood to his head.

Chris’s advice this week: Don’t get SPOOKED by volatility and look elsewhere for profit.

Also hear about Wealth Retreat www.wealthretreat.com.au

 

 

 

 

From 30th May 2015 – 3rd June 2015, Louise Bedford and Chris Tate will be presenting at Australia’s highest- level educational networking seminar on The Gold Coast.

 

 

 

Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.

Additional Music by Kevin MacLeod http://www.incompetech.com