That’s the question. More precisely: When building a trading business from scratch, what is the best way to do it? I see two possibilities. Either sit down to trade every day, all day, getting as much experience as possible in as short a time as possible – adhering to the philosophy of “total immersion”. Or rather, Continue reading
One of the things I have understood from all the books I’ve read about trading and from the conversations I’ve had with great traders is this: In order to become a professional trader, you have to put in the effort, the time, the money, and most importantly you have to decide to become a pro.
I understood this a long time ago, but I did not apply it. Why? Because I could not find an answer to this question: Continue reading
There, I said it. The effort I made a few years back is not in vain: The establishing of relationships with the Masters as well as the sometimes fragile beginning traders. The interviewing. The mixing and arranging of podcast episodes. Spreading the word about this project. Receiving all that feedback. All this work… and what came of it? Continue reading
Today’s apprentice is Jeremy Clifford. Jeremy has worked for Vanguard, but as he said to me he is living proof that the licenses mean nothing for one’s trading skills. The master feedback comes from Nick Radge, aka The Chartist Continue reading
The apprentice today is Patrick Cullen. Patrick is having a rough ride. He has tried most methodologies and most of the markets without finding his true trading home. We talk about how to find it, how to build trust in your methodology, and about the value of persistence and knowledge.
The Master feedback comes from Andy Abraham Continue reading
One of the systems that has always appealed to me because of its simplicity is the breakout. In the breakout you’re buying strength and selling weakness so it makes intuitive sense. But how does it fare in real life? In this series of articles I’ll be looking at this simple system and investigate how one may optimize it. Continue reading
Today I speak with Alma Hernandez. Alma started out trading gold and later also Forex. We talk about following guru advice, understanding what one trades, and how to overcome the fears involved with trading.
The Master feedback comes from Louis Llanes Continue reading
The apprentice today is Scott Gibbons. Scott is a brand new trader, trading only Forex for the time being. We talk about the importance of the daily process, systems development, and how to overcome being underfunded.
The Master feedback comes from Robert F. Smith, author of the newsletter Smith In The Black. Besides trading his own account, Rob coaches and trains other traders. Check out his YouTube channel and his profile on www.t3live.com. His high energy feedback to Scott involves topics such as risk management, trading equities via options, and how to gain confidence in your own capabilities as well as in your system.
The apprentice of today is James Jarvis. James is mainly trading his retirement account using a long term approach. We talk about how to wait for the right trades, sticking to the system, and how to combine candlestick reversal patterns and trend following.
The Master who listened in is Steve Burns Continue reading