The Forged Trader Podcast

Welcome to the Forged Trader Podcast, where successful traders aren't born—they are forged. I'm Gates Adams, your host, and today's episode dives into developing trade confidence, a critical component in executing trades consistently. We'll explore various methods to build this confidence, including extensive chart analysis and backtesting strategies. I'll share my journey of enhancing my trading strategy while maintaining its foundational principles, and how I got drawn into testing a simple mechanical strategy boasting a 77% win rate. This exercise underscored the importance of discipline over complexity, revealing that even a basic strategy, if executed with consistency, can be profitable. By focusing on disciplined execution rather than constantly seeking new strategies, traders can see marked improvements in their results. Follow my daily trade recaps and updates across social media @TheForgedTrader. Join me next time as we continue to forge success together. Keep it green, stay disciplined, and tune in to the next episode of The Forged Trader Podcast.

"Stop looking for new strategy information and start working on developing discipline."

What you will learn:

Connect with Gates Adams:

Facebook

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RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect trading results.

Welcome to the Forged Trader Podcast with Gates Adams! In this episode, Gates interviews Terrence, aka Coach Roach, a successful Apex-funded trader. Terrence shares his inspiring journey from pest control to trading, emphasizing the crucial role of mindset over strategy. They discuss the importance of discipline and the psychological aspects of trading, highlighting how a structured mental approach can lead to long-term success. Terrence recounts his early experiences, the lessons learned, and how he developed his trading discipline. Gates and Terrence also delve into the practicalities of trading funded accounts, offering valuable insights for aspiring traders.

"There are a million ways to trade successfully, but it's the mindset and psychology that make the real difference."

What you will learn:

Connect with Gates Adams:

Facebook

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RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect trading results.

Welcome back to the Forged Trader Podcast, where successful traders aren't born, they're forged. I'm your host, Gates Adams, and today we're diving into a crucial topic: why do traders struggle to change self-destructive behaviors? The answer lies in understanding the difference between resolution and commitment, and the role of accountability. We explore how accountability shapes our actions from childhood through adulthood, and why it's challenging to hold ourselves accountable. I'll share practical strategies to increase your self-discipline, including daily tasks, journaling trades, and finding a trading partner. Discover how to create a set of consequences for trading mistakes and turn accountability into a powerful tool for success. Tune in to learn how to transform your trading habits and achieve consistent profitability. Don't miss this episode of the Forged Trader Podcast.

"The key difference between resolution and commitment is accountability."

What you will learn:

Connect with Gates Adams:

Facebook

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RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect trading results.

Welcome back to the Forge Trader podcast, where successful traders are forged, not born. I'm your host, Gates Adams, and in today's episode, we are diving into the business side of trading. Trading offers the allure of making extra money or even a full-time living without the hassles of traditional small businesses. However, achieving consistent success in trading requires more than just making a few trades. 

We'll explore the critical business factors necessary for sustained trading success, and why many equate trading to gambling. Often, people see trading as a quick path to riches, but this mindset can lead to devastating losses. I'll share personal experiences and insights from my journey, including the highs and lows and the importance of treating trading as a serious business endeavor.

Discover how having a clear purpose and mission statement can help you stay focused and avoid common pitfalls. Whether you're just starting or looking to refine your strategy, this episode is packed with valuable advice to help you make trading a consistent part of your financial empire. Tune in and learn how to forge your path to trading success!

"Without a solid 'why', trust me, you'll mess it up. You'll chase the losses, you'll size up, you'll hit that dreaded reverse button."

What you will learn:

Connect with Gates Adams:

Facebook

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RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely impact trading results.

Ever thought about how a simple handshake can unlock doors to new opportunities? 🤝 On the latest episode of the Foraged Trader Podcast, Gates dove into the art of networking and how it's not just about collecting contacts, but about planting relational seeds. Did you know that 85% of jobs are filled through networking? Tune in to discover the nuances of building authentic connections!

"Remember, trading is not just a technical skill; it is a lifestyle that encompasses all aspects of your life, including your personal relationships. Nurture these relationships; they are just as crucial to your success as the perfect strategy."

What you will learn:

Connect with Gates Adams:

Facebook

--

RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect trading results.

In this episode of the Forge Trader Podcast, Gates Adams explores how faith and spirituality influence trading success. He discusses how beliefs shape mindset and trading behavior, encouraging listeners to examine their own convictions. Gates shares his experience as a Christian and how it impacts his trading approach, without imposing his beliefs on others.

He talks about the subconscious mind, emotions in decision-making, and overcoming negative associations. Gates connects spiritual beliefs with trading, citing biblical teachings and personal stories of how faith can guide one's approach to wealth. He emphasizes the need for a clear target and emotional control.

Gates offers practical advice on defining one's purpose, meditation, and journaling to manage emotions while trading.

"Now when the topic of faith was brought up in my journey of personal development, my immediate reaction was not positive. I thought, 'Great, here comes the Bible thumper to tell me that unless I believe what he believes, I'll never get what I want out of life.'"

What you will learn:

Connect with Gates Adams:

Facebook

--

RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect trading results.

In this episode of the Forged Trader Podcast, Gates Adams explores the crucial connection between physical health and trading success. He shares his personal struggle with balancing work, relationships, and neglecting his health and spirituality. Gates emphasizes the importance of a holistic approach, making gradual improvements across all areas of life. He discusses how physical fitness enhances energy, focus, and decision-making in trading, and offers practical tips like taking green supplements and regular exercise. Gates emphasizes the importance of discipline in both health and trading, advising listeners to start small and stay consistent for better trading and a healthier life.

"Next time you get out of a shower, take a long, hard look in the mirror. What do you see staring back at you? Does what you see scream the word 'disciplined'?"

What you will learn:

Connect with Gates Adams:

Facebook

--

RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect trading results.

In this episode of the Forged Trader podcast, Gates Adams talks about the importance of mindset for trading success. He emphasizes the need for emotional control and having a consistent daily routine, not just for trading but in life. Gates shares his personal struggles, noting that traders often focus too much on strategy and not enough on developing the right mindset. He discusses how emotional reactions and lack of discipline can hurt trading results, offering tips to build discipline and consistency. 

"Discipline is not generally something that you do; it's who you are. It may not come naturally at first, but it can absolutely be developed."

What you will learn:

Connect with Gates Adams:

Facebook

--

RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect trading results.

In today's episode of the Forged Trader podcast, Gates Adams openly shared his struggles with maintaining trading discipline and mindset. He recounted a challenging day where impulsive decisions led to significant losses, nearly causing him to quit trading and coaching. Gates discussed using a mindset tool to manage his emotions, realizing the importance of discipline in trading and other areas of life. Despite the difficulties, he remained committed to his journey, hoping to inspire listeners by sharing his experiences and the lessons learned.

“Trading is the ultimate test of self-control, a challenge that surpasses any I've faced in other areas of my life.”

What you will learn:

Connect with Gates Adams:

Facebook

--

RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect trading results.

Did you know that even the most successful traders face challenges? On today's episode of the Forged Trader podcast, Gates Adams get real about the obstacles he has encountered and how he turned them into learning experiences. Trading isn't just about making profits; it's a constant balance between risk and reward. Gates dive deep into how he has mastered this balance over time. It's a story of reflection, strategy, and growth.

"I'm about to make the most difficult phone call I'll probably ever have to make in my life. It's time to call my mother and let her know that it's all gone, all of it. Almost $1 million of her money."

What you will learn:

Connect with Gates Adams:

Facebook

--

RISK DISCLOSURE:

Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE:

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect trading results.