Talking Trading | Australian Sharemarket Education & Trading Psychology

The Art of Pyramiding


Listen Later

Hear Chris Tate’s strategy on pyramiding and why sitting on your hands is sometimes the best advice. Louise Bedford compares trading to other moneymaking ventures and its return on investment in all areas of your life. Pyramiding - Chris TatePyramiding in the markets is counter intuitive strategy of adding more money to a winning position. As your position increases in profit, you buy more.So... is pyramiding working at the moment?You'll be surprised when you hear Chris Tate's answer. Normally Chris Tate is an aggressive pyramider but because trends don’t have a pattern of longevity, he has altered his trading approach slightly.Chris’s advice is as a trader you don’t always have to be 'doing something'. If there is a secret to trading it could just be….SIT ON YOUR HANDS and let the trend find its own rhythm. Opportunities Are EverywhereGood traders are action takers… but sometimes it is hard to decide which moneymaking opportunities you should follow.This is how Louise evaluates trading in comparison with other opportunities.1.Return on investment over 12 months.Louise suggests people break even in 12 months of trading and gather education and accumulate experience.2. Investment over the medium to long term.Trading is a 'HELL YES', especially as you get support from the Mentor Program. With the Mentor Program Louise gives your potential chances of succeeding a 10 out 10.3. Personal development.Your level of income will rarely exceed your level of self-development and as the markets act as a mirror they show you if you like what you see. With the Mentor Program your chances are 10 out 10 of achieving personal growth.4. LifestyleWhat do you want with your lifestyle? Trading offers you a 10 out 10 on lifestyle.5. Emotional well beingHow does what you are doing impact your heart and your family? Trading frees up your time and wallet to pursue meaning elsewhere.Go to tradinggame.com.au/priority and make sure you are on priority notification for Louise Bedford and Chris Tate's very next 6-month, repeat-for-free Mentor Program. 

Be the spark 

If you know someone who’s struggling in the markets, don’t keep Talking Trading to yourself. Share the show with them — because sometimes all it takes is one insight, one spark, to turn their trading around.
Take them to talkingtrading.com.au and be the person who makes the difference.

Trade confidently. Louise Bedford is a best-selling author and founder of www.tradinggame.com.au and www.talkingtrading.com.au.

Facebook
YouTube
Twitter
LinkedIn


...more
View all episodesView all episodes
Download on the App Store

Talking Trading | Australian Sharemarket Education & Trading PsychologyBy Created by best-selling authors and traders - Louise Bedford and Chris Tate.

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

17 ratings


More shows like Talking Trading | Australian Sharemarket Education & Trading Psychology

View all
Chat With Traders by Ian Cox and Tessa Dao

Chat With Traders

1,990 Listeners

The Mentor with Mark Bouris by Mentored.com.au

The Mentor with Mark Bouris

52 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

102 Listeners

Motley Fool Money by LiSTNR

Motley Fool Money

86 Listeners

NAB Morning Call by Phil Dobbie

NAB Morning Call

22 Listeners

Swing Trading the Stock Market by Ryan Mallory

Swing Trading the Stock Market

808 Listeners

Your Wealth by NAB

Your Wealth

7 Listeners

Property Investment, Success & Money | The Michael Yardney Podcast by Michael Yardney; Australia's authority in wealth creation thru property

Property Investment, Success & Money | The Michael Yardney Podcast

28 Listeners

The Rules of Investing by Livewire Markets

The Rules of Investing

15 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

30 Listeners

How I Work by Amantha Imber

How I Work

125 Listeners

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

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

221 Listeners

Australian Finance Podcast by Rask

Australian Finance Podcast

24 Listeners

The Call from ausbiz by ausbiz

The Call from ausbiz

5 Listeners

The Money Café with Alan Kohler by Intelligent Investor

The Money Café with Alan Kohler

34 Listeners