Capital Club Understanding the Trading Game and How to Play it with Christopher Tate
Christopher Tate is the founder of the world's longest running trader mentor program that attracts traders from all over the world, Trading Game Pty Ltd. He is a trading veteran of 30 years and a best selling author of The Art of Trading and The Art of Options Trading in Australia, his brutally honest approach and meticulous pursuit of excellence, ensure that exceptional traders all around the world quote his market comments. Chris has seen all types of markets, traded practically every instrument available, and shown others how to profit from every market condition. He is in constant demand for his keynote speaking skills due to the outrageous success of his presentations for every major share trading exchange in Australia and he definitely has the skills to increase the probability of radically jump-starting business returns.
In this episode, Chris and I talked about how it was like to work in investing and trading pre-Internet and how the advancement of technology had its own pros and cons. We also talked about the difference between being a trader and an investor, what it’s like to work with Chris and his approach, and his thoughts on market and trading trends. All this and more in this episode, so make sure to tune in until the end!
How Technology Has Impacted Trading
- Chris shares how work was done prior to the Internet
- How Internet has helped the industry but also introduced a lot of distractions
- The application of technology dictates whether it’s a good or a bad thing
- Parallels Between Trading Apps and Game Apps
- Both are designed with same psychological triggers
- How the apps make you feel like you are in control
- If you don’t know the product they’re pitching, it means that you are the product
Difference Between a Trader and an Investor
- Difference based on the timeframe
- Difference based on intent
- Working with Chris and his approach
- Binging people up to speed with the tools
- Spend time learning about the psychology
Reactions of Natural Instinct
- Human behaviors are essential
- Ability to change our behavior and make necessary predictions
- Consuming media
- Tendency of comparison and how it removes joy
Current Market Trends
- The efficiency of markets
- Getting passive and active markets
- Knowing what you want to do and your end game
- Biggest misconception about trading
Resources Mentioned:
- Warren Buffett's shareholder letters in 1980 and 1981
- The Money Masters by John Train
Key Quotes:
“It is the application of the technology that dictates whether it is positive or negative.” -Christopher Tate
“It's investing and trading and not about feeling good about doing less than making more.” - Christopher Tate
------------------------------------------------------------------------------------------
Connect with Christopher:
Email: chris@tradinggame.com.au
Website: www.tradinggame.com.au
Connect with me:
LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON!
Hosted on Acast. See acast.com/privacy for more information.