The Reality of Full-Time Trading
In episode 359 of the Desire To Trade Podcast, Etienne sits down with full-time trader Rolf Schlotmannfrom Tradeciety.com to discuss what it's really like to build a full-time trading career. You'll learn from his experience on how to become a consistently profitable Forex trader.
Are you ready for it?
Watch the video interview!
In This Episode, You'll Learn...
- 0:15 Introduction
- 0:33 Who is Rolf and what he does
- 1:38 Story Time - How it all started
- 2:32 How Rolf decided to go full-time trading
- 4:42 Why his early 20s was the best time to take risks
- 6:51 What is Rolf's trading style
- 7:44 How to overcome FOMO in the markets
- 8:59 Pivot Points: Rolf's favorite indicator
- 10:06 How to use Pivot Points
- 11:09 Why objectivity and structure is vital in trading
- 12:10 How to make Price Action trading more objective
- 13:42 What more is there to price action trading
- 16:15 How to filter market conditions
- 17:28 The importance of accepting losses
- 19:27 Why the obvious things are harder to trade
- 21:25 How should you develop YOUR OWN trading style
- 23:40 Why it's so hard to focus on 1 thing for 3-6 months
- 25:52 Why Rolf prefers to live in Asia than Europe
- 27:11 Should you move to Asia or somewhere else to trade?
- 28:15 How to deal with "The Loneliness of trading"
- 30:51 How Rolf went from working 16hs a day to 2 hours a day
- 31:14 How to stay on top of the game over a long time
- 33:00 How to review your trading performance and statistics
- 34:31 How to correct mistakes and negative behaviors in trading
- 35:42 Rolf's top advice for struggling traders
- 37:50 Why a winning trade is not a good trade
- 39:00 How to transition from easy markets to hard markets
- 40:41 How to use FAILURE to improve as a trader
- 41:51 Why you should always keep a trading journal
- 42:21 Where to find Rolf
- And much more!
What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!
Resources Mentioned
Desire To Trade's Top Resources
About The Desire To Trade Podcast
How To Find Moritz?
What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
