Traders Improved Trading Podcast

By Edgewonk / Rolf Schlotmann/ Quantum Trade Solutions GmbHBusiness Education Self-Improvement Investing

Traders Improved Trading Podcast episodes

December 17, 2024Succeed as a trader in 2025! The ultimate end of year review process - #244
Copy and paste the end-oy-year review template below and use it in your own review process:

Step-by-Step End-of-Year Review for Traders
Performance Review
Metrics to Assess:
5 – 10 largest winners and largest losers.
Most and least profitable confluence factor.
Identify periods of strong performance and underperformance.
Maximum drawdown and recovery time.
Consistency: % of following trading plan.
Strategy Review:
Which strategies worked well? Which underperformed?
Evaluate trades that deviated from your plan.
Impact and reasons for missing trades.
Psychological Performance:
Reflect on emotional challenges (e.g., fear, greed, overtrading).
Identify patterns that impacted decision-making.
Identify the 3 biggest performance killers.
Note emotional triggers and psychological tendencies.
Document Key Takeaways:
Best trades: What worked well and why?
Worst trades: What lessons can you learn?
Missed trades: Why did you avoid them?
Opportunities: What do you want to improve next year?
Risk Management Audit
Assess Risk Rules:
Review position sizing, stop-loss placement, and overall risk exposure.
Update Your Risk Management Plan:
Adjust risk tolerance based on results and future goals.
Audit your reward/risk ratio vs. the impact of trade management.
Review Your Drawdowns:
Identify causes of large drawdowns.
Find your largest negative outlier.
Create steps to minimize them next year.
Update Your Trading Business Plan
Reflect on how well you are set up in the first place.
Do you find yourself wondering during your trading and unsure what to do in specific situations? Do you feel you have a lot of inconsistencies and noise in your trading? A good trading business plan will plug those wholes and provide guidance in your trading.
Your business plan should include:
All trading rules.
Timeframes and assets you are following.
Risk management principles.
Trade management and drawdown rules.
Guidelines for dealing with news events and adjustments.
Review Lifestyle and Health
Trading performance is tied to mental and physical health:
Reflect on your work-life balance.
Prioritize sleep, exercise, and mental well-being.
Plan time off or breaks to recharge and avoid burnout.
Goal Setting for Next Year
Behavioral Goals:
Focus on consistency, risk management, or reducing emotional mistakes.
Example: “I will not risk more than 2% per trade.”, “I will stop managing my trades.”, or “I will walk away from my screen after two losses in a row.”
Skill Development:
Identify areas for improvement (e.g., technical analysis, trading psychology, backtesting, journaling, etc.).
Commit to educational activities like courses, books, or coaching.
Process-Oriented Goals:
Focus on actions you can control:
Preparing your charts daily.
Sticking to your trading plan.
Journaling daily trades.
Following your risk management rules.
Celebrate and Reflect
Celebrate progress and achievements:
Acknowledge lessons learned, growth, and resilience.
Maintain a positive outlook:
Focus on the process rather than short-term results.

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► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
25 min
December 10, 2024 The Truth About Win Rates: What Social Media Doesn’t Tell You - #243
Uncover the essentials of trading system design in this episode of Traders Improved. Learn how to balance win rates with reward-to-risk ratios, tailor your system to your strengths, and build a foundation for long-term success. Perfect for traders looking to create a personalized, effective, and sustainable trading approach!

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My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy

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Edgewonk trading journal:
► https://www.edgewonk.com *** use discount code: tradeciety ***

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► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
15 min
December 03, 2024 Winning the Mind Game in trading - Using Data to Trade with Certainty - #242
Struggling with hesitation and emotional trading? In this episode, I reveal how uncertainty undermines confidence and how data-driven practices like backtesting and journaling can transform your trading. Discover why knowing your numbers (and which ones) is the key to trusting your edge and executing with consistency and control.

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My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy

################
Edgewonk trading journal:
► https://www.edgewonk.com *** use discount code: tradeciety ***

################
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
20 min
November 26, 2024 How to overcome break-even trading with practical tips and strategies - #241
Struggling to break out of the frustrating break-even phase in trading? In this episode, we dive deep into the psychology of the break-even mindset, common pitfalls, and practical strategies to move forward. Learn how to improve discipline, build mental resilience, and develop habits that set the foundation for long-term success.

################
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy

################
Edgewonk trading journal:
► https://www.edgewonk.com *** use discount code: tradeciety ***

################
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
17 min
November 19, 2024 How to become a better and profitable trader with a 9 to 5 job - #240
In this episode of the Traders Improved Podcast, we explore how to become a better and ultimately profitable trader, even with the demands of a full-time job. Learn practical strategies for finding a trading style that fits your personality and lifestyle, creating structured routines, and managing your time effectively. We’ll also discuss the importance of prioritizing education, avoiding common mistakes like system hopping, and maintaining realistic expectations. Whether you’re new to trading or seeking to improve your consistency, this episode is packed with actionable tips to help you balance trading with a busy schedule and make meaningful progress toward your goals.

################
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy

################
Edgewonk trading journal:
► https://www.edgewonk.com *** use discount code: tradeciety ***

################
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
22 min
November 12, 2024 Has Your Trading Strategy Lost Its Edge? How to Adapt, Thrive, and Stay Profitable in Changing Markets #239
In this episode of the Traders Improved Podcast, we tackle a question many traders face: When does a trading strategy lose its edge, and what can you do when it does? With markets constantly changing—from economic crashes to normal daily volatility swings—staying profitable requires adaptability. We explore the key differences between static, rule-based systems and flexible, adaptive strategies, helping you decide which approach suits you best. I’ll also break down three actionable strategies for staying relevant: optimizing your setups, adding new setups for different conditions, and, most importantly, knowing when to sit out. By the end, you’ll have practical insights to help you keep a dynamic edge, approach trading with curiosity, and enjoy a more resilient and fulfilling trading journey. Join us and learn how to adapt, stay profitable, and avoid common trading pitfalls!

################
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy

################
Edgewonk trading journal:
► https://www.edgewonk.com *** use discount code: tradeciety ***

################
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
15 min
November 06, 2024 Trading Smarter: Turning Losses into Lessons and Building Better Habits #238
In this episode of Traders Improved, we explore how traders can distinguish between "good losses" and "dumb losses," adopt a process-focused mindset, and reduce unnecessary risks. We learn actionable strategies for evaluating trades, setting realistic goals, and limiting external influences to build resilience and smarter trading habits.

################
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy

################
Edgewonk trading journal:
► https://www.edgewonk.com *** use discount code: tradeciety ***

################
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
14 min
November 04, 2024 Interview with the Market Wizards' trading coach Steven Goldstein
In this podcast, we had the pleasure of talking to Steven Goldstein from Alphaminds. Steven is a top coach in the financial markets and he has worked with hedge funds, investment banks, asset managers, prop firms, traders and other leaders. He also has nearly 25 years as a trader at leading investment banks. His expertise in market dynamics and human performance empowers traders to achieve transformative growth and success.

Links to Steven's work
Twitter: https://x.com/AlphaMind101
His book: https://www.masteringthementalgameoftrading.com/

################
Edgewonk trading journal:
► https://www.edgewonk.com *** use discount code: tradeciety ***

################
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
1 hr
October 28, 2024 How to find the best trading strategy for a beginner? #236
In this podcast I discuss how to find the optimal trading strategy for a beginner and what to look for in your first trading strategy. At the end I also provide some tips on how to start your trading journey and discuss the imporance of demo trading, backtesting, and when to go live.

################
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy

################
Edgewonk trading journal:
► https://www.edgewonk.com *** use discount code: tradeciety ***

################
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
20 min
September 26, 2024 Trading Psychology Deep Dive with Dr. Steenbarger #235
Links to Dr. Steenbarger's work
► His blog: https://traderfeed.blogspot.com/
► Radical Renewal: https://leadingrenewal.blogspot.com/
► Twitter: https://x.com/steenbab

► Get Edgewonk 3: https://edgewonk.com/
► All supported platforms: https://edgewonk.com/import/

Edgewonk is an online trading journal that allows you to easily record your past trades, learn about your trading mistakes, analyze your trading performance and optimize your behavior to improve your trading performance. The Edgewonk trading journal offers powerful analytical tools, but also provides features that allow the trader to analyze and improve their mental trading game and work on their trading psychology. Edgewonk is an all-in-one trading journal platform that can be used by stocks, Forex, Futures, Crypto, CFD, and commodity traders alike.

################
My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy

################
Edgewonk trading journal:
► https://www.edgewonk.com *** use discount code: tradeciety ***

################
► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
49 min

About Traders Improved Trading Podcast

From the publisher's feed

The Traders Improved Podcast brings you behind the charts and into the minds of successful traders, performance coaches, and trading psychologists. Each episode explores what truly drives trading success — from developing strategies and refining your edge through journaling, to mastering the mental game and building resilience in the face of uncertainty.