Trading School Podcast

It happens to many new (and seasoned) traders. You convince yourself that you need to participate in a particular trade only to find it doesn’t work. You start adding indicators and making it more complicated. You throw money at it, but still, it’s just not working.

Some instruments just aren’t great to trade and sometimes you need to find a trade that better resonates with your approach to the markets.

Today, I had a chance to speak with Pablo Lucena who is an experienced trader but has found some serious traction with my Apex Program. We cover a lot of information, but here are some of my favorite topics:

• Building tools for the trade
• How to trade stock options
• Relative Value Trading Strategy
• The most important information for managing options positions - Scalping Gamma
• Changing your approach to trading

1:00   Serious, Active, Trading

3:30   The Rubber Band Example

5:00   The "ah ha" moment

5:55   “Nothing would work” - Trading NQ futures

7:00   An approach to writing code

8:25   The elimination of emotion, A systematic confirmation tool

10:00  A community feel

11:45  A message to retail traders

12:55  Don't Freak out, Build a better position

14:00  How to trade the Yield Curve

14:30  “Stops are detrimental for the type of trading that will make me successful”

16:00  The Fed, Rates and trading Bond Futures

18:20  Sometimes it’s safer to go further in

19:20  Power through education

21:30  Learn how to trade; Don’t hope for the best

24:30  How to build a portfolio bias

28:00  Build on a solid foundation

30:00  Fed Dominator - Historical Data

32:00  The Most Rewarding Part of Trading

33:15  Better returns in 24 days than all of 2017

34:00  ADT: You'll never look at trading the same again

35:20  It's okay to get rid of negative energy

37:20  Be happy when a trade goes against you

40:00  What a butterfly can tell you

44:35  Customize a trade, use identify your strengths

47:00  Trade your personality

48:20  The Market will sniff out a weak hand; believe in your trade

50:30  Scalping Gamma: Options 101

52:00  Position Management and the power of options: A Game Changer

56:00  Keep it simple!

Books Mentioned In this Episode:

Options As a Strategic Investment - Lawrence G. McMillan

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Investing, trading and planning for your future can seem overwhelming and complicated, but it doesn’t have to be. If you have the right plan in place and the right people to help you see it through, it’ll be a breeze!

People around me are continually surprised that as a professional trader, I have a financial advisor to help ensure that my long-term goals are attainable. I think it’s important I differentiate between trading and my investment goals.

Today, I sat down with Ross Meitin, my Financial Advisor and we cover topics like:

- Stock Broker, Money Manager and Financial Advisor - What’s the Difference?

- Who can benefit from Financial Planning

- How to earn an Extra $500,000 before Retirement

- The importance of Removing Emotions and Sticking to a Plan

- The difference between Investing and At-Risk Capital

0:55 At Risk Capital and Investing

1:25 Money Manager? Stock Broker? Financial Advisor?

2:55 Your plan needs to be Specific and Tailored

4:25 Why I started Active Day Trader

5:35 Trading and Long-Term Investing are Different

7:10 Separate yourself from your Emotions

9:15 Who can benefit from working with a Financial Manager?

10:15 You Can't Borrow for Retirement

11:00 How to Retire with $1 Million Dollars

12:20 The key to Financial Security

15:00 The Biggest Mistakes

17:15 A behavior management coach

18:00 20 Year Returns: How to make 2% LESS than the market

19:40 You aren’t trading; HAVE A PLAN

21:45 Don't suffer when you lose

23:00 Investing. It's a special skill set

24:30 The importance of Vegetables?

26:00 The easiest way to make $500,000

28:10 Market Buzz and Crystal Balls with a Financial Manager

29:05 Double Dividend Yield

30:00 Is Crypto on the radar?

Contact Info for Ross Meitin:

[email protected]

Phone - 773.867.3620

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For years, trading has been dominated by institutions. They have capital, floor traders and access to information that the average retail investor just can’t reach; or can’t afford.

Today, the tables are turning. The retail trader can actually gain an edge. For instance, a retail trader isn’t required to trade each day, they don’t have to close positions with market each evening and now, they have access to amazing news resources, indicators, studies, scans and back-testing engines using various tools on platforms like MetaStock.

Today, I get to chat with Jeff Gibby, the business development manager at Metastock about the core products they offer.

Jeff helps me answer questions like:

> What does MetaStock Offer?

> How can I get a statistical forecast of what “might happen?”

>Buying and selling stock options and equities; what indicators work?

>How can I build a custom indicator without knowing a single line of code?

>What can I do to protect myself from making big mistakes while learning to trade?

01:35150 Years and counting

02:30What is Meta Stock?

03:40The Origins of an award winning service

04:05A Billion Dollar News Machine for Retail Traders

06:35#1 in Stock and Commodities Magazine for 25 years running

07:15How can you benefit from Statistical Projections and Forecasting

07:30Okay, MetaStock does a lot, but WHO is it for?

08:30 Do you backtest your approach, studies and strategy on each ticker?

09:45A giant tool box; what’s the best indicator?

11:50Write YOUR OWN indicator, scan, or study (even if you don’t write code)

15:25A FREE 30 Day Trial!

17:00Live support; an entire team at your disposal 800-882-3040

18:31MetaStock D/C Service - Daily Charts $59

19:05MetaStock R/T Service - Real Time $99

20:50Everything you’ve ever needed to know about Exchange Fees (Real-time)

22:15The (Secret) Future of Charting

24:00The Patent Pending, Event Driven Forecasting Tool

26:15A confirmation tool: the statistical likelihood of an outcome

28:15Trading DOW Options? You need a green light.

31:30Stories, Trends and Trading - We talk about the best approach for you

33:15Event-based trading, volatility and Out-of-the-Money Options

34:30Should you be an option buyer? Or an option Seller?

35:10How to protect yourself from blowing out your trading account

37:30Discipline: “You don’t have to trade.”

38:10Make Trading Insignificant?

39:00Don’t Lose Money!

Be sure to head on over to Active Day Trader Website and claim your freebie!

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Trading stocks, futures and options in 2017 is much different than it was 20 years ago. With technology and lightning-fast access to brokers, almost anyone can trade from the comfort of their own home.

This only leaves one problem: You’re among a sea of traders, but you’re still all alone.

Today, I speak with Warren Lorenz of TechMeetsTrader, who has created a social network for self-directed investors. We cover some interesting topics including:

> Where to find great option trading strategies

> How experienced traders look for trade entries; without indicators

> How to identify the best stock options (the ones that give us our edge)

> The benefits of a positive learning environment

> Why, sometimes, even the best option trades lose and why that’s OKAY

1:35   Meet Warren Lorenz of TechMeetsTrader

8:20   The process of getting raising fund for a unique social network

11:00 Tech Meets Trader - The Mission

13:30 A positive learning environment - controlling the community

15:00 What is the most important thing we can learn from losing trades?

17:30 Can you fish? How to trade for a lifetime

19:30 The Casino mindset; Tilt the odds in your favor

20:30 Money management secrets of the Professionals

21:30 $XRF - The anatomy of a IPO Lock Up

24:40 “It makes sense… and that’s giving us an edge.”

25:30 BOOM! The Edge Pays Off..

26:15 $AKS, $X Sometimes trades don’t work. Why did you enter?

28:48 Trade with conviction, learn from your mistakes

29:50 Protect yourself; limit your losses and manage your position

31:35 Where the founder of TechMeetsTrader turns for tips of the trade

36:10 He who trades the least and the silliness of F.O.M.O

38:00 Trading vs. Investing. What’s your plan?

39:40 Blockchain Technology meets the trading community?

42:15 A trader’s value in a social network community

44:10 Building credibility

45:45 Taking chances again, and again, and again...

Links Mentioned:

TechMeetsTrader

TechMeetsTrader’s Pitch

What TechMeetsTrader is all about

FREE STUFF?!?! Be sure to head to https://activedaytrader.com/tradingschool/ and grab this week's freebie!

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At Active Day Trader we don’t see how anything is “cheap” or “expensive” on it’s own. A core part of our strategy is identifying relationships and correlations, then finding the best way to express our opinion through hedged positions in the form of pairs or spreads.

We recognize the reluctance that many face when learning to trade futures; the margin requirements can be substantial, so we want to let you in on a secret!

If you aren’t executing these simple strategies with the correct broker, you may be lead to believe there is a reason to pay for extinct indicators to experiment with “directional bias” or just give-in overpriced margin holds that tie up your precious trading capital.

Today, I spoke with Patrick from Infinity Futures, a Chicago-based boutique brokerage firm that truly supports clients around the globe.

Patrick helps me get a better understanding on topics like:

>> Margin requirements and Exchange Recognized Spreads

>> Why your 1:1 pair shouldn’t tie up $10K

>> Risk, obligations and the intelligent way to trade futures

>> The seemingly endless cycle of retail education

>> Why support is so important

00:30 Risk, leverage and mathematics

03:00 Guaranteed Margin

03:40 Infinity Futures; A quick history

04:45 End-of-day margin hunting: Exchange Recognized Spreads

05:15 Bond:Ultra Bond - $10,000 or $1500?

07:30 SPAN, SCM and the lowest margin requirement

09:18 You don’t have to speculate on direction

11:20 “An underused strategy”

13:25 SPAN Calculators - An intelligent freebie

15:30 Risk, obligations and respect

18:15 A sucker’s play: Is your capital tied up?

21:00 Is the new iPhone expensive?

23:00 The importance of retail education, Jim Cramer and BIG changes

27:00 Don’t fall into the cycle, keep it simple

30:30 The market will change. Does your indicator?

31:40 A ratio set indicator - the longest correlated relationship?

33:00 Everyone needs support

36:00 The UK, Australia and Singapore

38:00 Liquidity and orderbook issues

40:30 Bonds: You MUST know the yield curve

42:20 Free Stuff!

42:50 Vetting Process and parallel beliefs

45:45 Ask us your questions!

Links Mentioned in today’s Podcast:

Head on over to our page!

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When you think about trading stocks, options, equities and futures what public figures come to mind?

Do you think about the guy you alway see on CNBC as you are watching TV? You know, Jim Cramer on Mad Money? That’s perfect, because I was fortunate to speak with him and listen to his thoughts on retail trading.

If you’ve ever seen his show, you know Jim Cramer is passionate about trading, but you might not know that he is even more passionate about trading education.

In this episode, Jim and I speak about:

• The value in losing a trade
• The importance of paper trading
• How to turn a trade into an investment, and why you don’t want to do it
• Why you should focus on what you are good at
• How to protect yourself from getting schooled by the market or a “Trade Guru”

1:05 Your number ONE priority

1:24 A closet full of losers

2:00 Reasons to get better

2:58 “Intellectual lightweight non-rigorous thinking”

3:30 Protecting retail traders

4:33 Fake News

5:55 Do you have an edge in this business

6:55 A story about coffee

8:00 Get it over it!

8:50 “I like the way this stock is acting”

9:30 Supply and demand. A common sense trade?

10:50Fantastic little trades

13:00A real world example

16:00Jim Cramer’s dog: NVIDIA

18:50Trading education: Everyone is an expert

20:50Real results or snake oil? It’s ON YOU

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Have you ever wondered what it would take to become successful at managing your own account? Have you begun trading, but not been able to build a solid plan that generates consistent results?

I know Wall Street can be intimidating place, but I’m here to help! Together, we can modify or enhance your current strategy so you can start generating income.

In this podcast I speak with an experienced trader, Todd Gill, who has generated phenomenal returns since integrating some new management techniques years after he placed his first trade.

Todd shares some of his favorite books, his approach to trading education, how he’s been able to free up more personal time and help those closest to him thanks to his success in trading.

Today we’re covering topics like:

>Confidence: Your ability to trade well

>Taking Profits – Have your cake and eat it too

>Building positions with “House Money.”

>Get out of your own way

>Rolling, buying time & 1000% winners

Let’s Start Trading!

(1:00)   Options, Bonds and Swing trading

(4:30)   Risk Management; What you are doing

(5:15)   What you can gain from trading

(6:30)   The market doesn’t care about you

(8:10)   A new approach

(9:15)   Books are better than webinars

(11:50) Confidence: Do you believe

(15:00) Do you compound your wins

(17:45) Build a position, get out of its way

(21:45) 10 years to get comfortable

(27:30) (Managing) Expectations

(30:00) What is your approach? Are you curious?

(32:20) Home improvement projects and home runs

(40:00) 160%,180% & 200% Account Growth

Links mentioned in this episode:

The Business of Options

Options as a Strategic Investment

The Traders Journey

The Right way to Trade Bonds

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So you’ve learned the basics. You speak the lingo and you understand the difference between your “rights” and “obligations” when you are “long” or “short” a put option. Your account is funded and you are watching all the indicators do their thing as you navigate around your new platform.

Now what? Is it time to attend some educational trading webinars and take some small pieces of each to “build your own” style?

In this episode, I speak with Steve Williams, a long-term client and retail trader that made all the wrong moves until he began making the right ones.

Trial and error is an important part of learning any new skill, but maybe I can help you avoid some errors and save you some money. While we’re talking about saving money, don’t forget to check out this week’s freebies and sign up for a FREE 7 Day Trial of ADT’s Premier Membership.

Freebies?

Today Steve and I discuss topics such as:

> Why Trade?

> The “AH HA!” moment – That’s what I was looking for!

> Scaling, confidence and the proper way to build a position

> Patience and how scratch a loser hours before expiration

> Dealing with the noise in the retail education sector

> The benefits of relative value trading

(1:25)   If this guy can do it… So can I!

(2:35)   Puzzle pieces; why don’t they fit?

(3:40)   Revelations from the “webinar circuit”

(4:50)   Facebook Groups – An interesting place to learn

(6:35)   Be skeptical of where you get your information

(7:40)   How much is your time worth?

(8:35)   Stop the noise!

(10:10) “Get Rich Quick”

(11:10) Position Management – The Holy Grail of Trading

(12:20) Patience can save you money

(14:15) The “AH HA!” moment – Take profits, wait for more.

(18:15) Holding Scratching losers - $YRCW – Time is on YOUR side!

(21:40) “Luck is the residue of good design”

(23:00) Confidence. Do you build a position?

(24:50) $0.02 Options & exponential returns

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Actively trading the markets and managing a portfolio is fun, exciting and can be

very lucrative. Unfortunately, if you don’t approach with caution and have a solid

plan, the market will humble you; quickly.

The question is: what’s the difference between traders who routinely take

consistent profits out of the market, and those that struggle to ever gain traction?

This podcast episode will tell you. And to help, I’ve got my friend Donny Schwartz

joining me on Podcast 001.

We were lucky enough to speak with Donny Schwartz, a career trader, to get some

amazing tips, tricks and tidbits on the topic he sees as the most important to learn

for any trader.

Donny shares some of the most common problems he’s personally seen in traders,

and provides you with his Top 5 ways to protect and grow your trading account.

(1:11)   What I’ve noticed with my coaching clients.

(3:08)   The Biggest Take Away.

(4:03)   Thoughts on Paper Trading.

(5:35)   How long does it take a professional to get comfortable in a new market?

(9:37)   Frequent Stop Outs?

(11:45) Trade Size/Stop Width.

(12:10) Not in front of the monitor all day?

(13:30) Relative Value Trading.

(15:30) The market will do what it wants.

(16:18) Hold yourself accountable.

(17:00) What can you control.

(17:40) Consistency

(20:21) An Important Ratio Losing:Winning

(21:15) I’m not Consistent, what should I do?

(22:30) Focus

(24:05) Growth. Vertical? Horizontal?

(26:00) What should I trade?

(27:02) Summary

(31:19) Free Stuff?!?

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