Category Archives for "Podcasts"

08: How to Journal your trades like a Pro!

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Have you ever wondered how some of the top traders in the world get their trading systems so fantastic, so precise? They do it by spending a considerable amount of time on journaling their trades. You need to record your trades in a spreadsheet or journal in order to be able to conduct an effect review. It is essential, and I don't know of a single successful trader that doesn't do it. It allows you the ability to identify the strengths and weaknesses of your trading strategy and plan. And allows you to identify the areas that need further improvements in your trading. You will not make it in this business if you do not record your trades, review them, analyze the data, to make improvements.

If you don't have a trading spreadsheet/journal, you either need to make one or get one from someone else. There are some links at the bottom to two really good ones. With Tradervue being my preferred choice of the two.

 

Highlights & Takeaways:

  • Why Journalling your trades is the #1 best thing you can do for your trading business
  • What are the key essential elements you must have in your trade journal
  • Keeping a journal is not just about statistics and analysis, it is also about psychology.
  • Looking for patterns and habits in your trading. Once you find them, Then what?
  • How much work is journalling all of your trades? Is it worth it?

 

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

07: Test Drive Your Trading Strategy Before Trading Real Money with Backtesting

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So one day I was sitting on my couch wondering what the heck was going on with my trading, and why I was losing money. I was seriously stressing out. Just an hour before, I was in the bathroom hovering over the toilet from how much money I had lost in the past couple of months. I was so nauseous and feeling lightheaded that for a moment or two I thought maybe it was that I was coming down with something. And for those that don't know me, I NEVER get sick. In fact, I have not been sick with a cold of flu type stuff since I was 17 years old.

The fact of the matter was, I was feeling sick because I could not get over that I had lost 40% of my account (at the time). But what was wrong? “I am a great trader” I kept telling myself. “Something had to be wrong with my software“, I said.

Or maybe it was the fact that I was so distracted by my kids, due to me working from home. Yeah, that's it.” I could not take responsibility for what was happening. It could never be MY fault?

So what did I do when I hit bottom with my trading? I did the same thing that everyone else does. I went to watch some YouTube videos. Of course! 🙂

After watching video number 1117 (slight exaggeration), I happened to stumble across a video that talked about backtesting your particular strategy.

WHAT?? Backtest??

Why did no one ever talk about this before, I thought to myself. I paused for quite a while to reflect what I had just listened to. “Could it be that I don't even know if the strategy I am trading even works or not?” And so, my Backtesting quest started.

 

Highlights & Takeaways:

  • What Exactly is backtesting and how to do it.
  • The differences between Automated Backtesting and Manual Backtesting
  • Why I believe Manual Backtesting is the best.
  • A step by step guide on how to backtesting
  • Why Journalling your testing is incredibly important.
  • What backtesting gives you that you won't get anywhere else.

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

06: The 7 Deadly Sins of Forex Trading

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This week I am talking about my own personal 7 Deadly Sins of Trading that I believe are some of the biggest reasons MOST traders end up failing. These are not the same sins that you might hear about like Greed and Gluttony. But seven things that keep most traders from succeeding in this business we call Forex Trading. Now everyone will violate one of these rules once in a while. That can't be helped. We are human after all and make mistakes. But we can limit how often they get violated and to what extent.

 

Highlights & Takeaways:

  • Why you need to stop trading if you do this one thing.
  • How one of my good friends lost over $600,000 by not placing stops.
  • Having a Trading Plan will keep you from having to work at Walmart.
  • How many types of Money Management systems are there??
  • The one thing we have all done and should never do again.
  • Revenge trading and me loosing 19 trades in a row
  • How going from system to system will end your account

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

05: Ask Karma

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Wow, I have been getting so many questions lately from emails and Facebook that I thought I would do a couple of episodes to answer some of these questions.

IN THIS EPISODE, YOU’LL LEARN:

  • What Harmonic Patterns are and Harmonic Trading
  • How BIG my account is
  • Brokers? Which one do I recommend?
  • How many pips per week should you make?
  • What exactly you are buying and selling in the Forex Market.

 

LINKS AND RESOURCES MENTIONED IN THIS EPISODE:

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

04: The Foundations of Forex Trading

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Your foundations in the trading business is essential to you becoming a consistently profitable trader. There is no secret techniques. No “Advanced” whatever. Just like in my self defense training, When I teach a student, I tell them it is all about the basics, basics basics. The only difference between a beginner student and and “advanced” student is how well they know the basics. And just like in self defense and martial arts training, in trading it is the same. Without the basics, you have nothing. You will fail without them.

IN THIS EPISODE, YOU’LL LEARN:

  • What the Foundations of Trading is.
  • The 5 Pillars of Trading
  • Just how important Fundamental Analysis really is.
  • And the difference between Risk Management and Money Management (Hint: most people get this so wrong)

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

03: Top 9 Trading Book I Love

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There’s a reason why you’ve heard these books recommended a million times: the principles they discuss, the ideas they present, and the mindset they cover are incredibly important to understand if you’re looking to build a successful business and create freedom in your life.

IN THIS EPISODE, YOU’LL LEARN:

  • How my week of trading went
  • Why these Top books are my favorite of all trading books.
  • What fundamentals to be looking at next week.

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

02: How Essential is a Trading Plan?

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Hey Everybody, in this session I go over what I feel is one of the most important topics of trading. And unfortunately the number one item that most new traders don't do. Trade Plans. Having a trading plan is ESSENTIAL. Just like a new business opening up needs a business plan, you too need to have a trading plan. This is a business. And if you do not have a trading plan, you are going to loose money that you should not have lost if you had a trade plan and followed it.

IN THIS EPISODE, YOU’LL LEARN:

  • Why having a trade plan is so essential
  • What components make up a Trading Plan (Hint: There are 15!)
  • How to choose the type of trader you are
  • How to be consistent at trading
  • Different trading platforms
  • The one thing that will END your account
  • After you make your trading plan, then what?
  • And I answer some questions from our listeners!

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

01: About the Podcast and Who I Am

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Hey Everybody, I have finally done it. With so many of my friends and students asking me to come up with a podcast show I have finally taken the steps to put it together. Now as this is my very first podcast I had to do quite a lot of editing. And I mean a lot! I was sooooo nervous. In fact I had to re-record a few sections due to accidentally deleting them in post production. So if it sounds a bit jumpy, I apologize. I also have a slight cough which had to be continuously edited out. I am not a fan of heavy editing but I really did not have much of a choice in this one.

IN THIS EPISODE, YOU’LL LEARN:

  • How I went from cleaning carpets for a living to making some serious money in Forex trading.
  • How a simple 4 hour seminar changed my entire life
  • All of the different types of systems I “tested”
  • The 6 reasons most traders FAIL
    • No PLAN
    • Risk Management
    • Switching
    • Fundamentals vs Technicals
    • Under Capitalized
    • Not having a Trading Coach
  • What to expect in future podcasts

Thanks for Listening!

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If you would like to support the show, please leave a 5-Star Review and an honest review for The Supercharge Your Trading Podcast on iTunes. Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and I read each and every one of them. You might even hear your review talked about on one of the podcast episodes. 😉

Don’t forget to subscribe to the show on iTunes to get automatic while you are there as well. It’s free!

If you enjoyed this episode, please share it using the social media buttons you see at the bottom of the post.

And if you have any questions, please email me.

Until next time

Good Luck & Happy Trading!

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