Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders 495: Full-Time Trader Reveals His New Strategy - Scott Welsh
In episode 495 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Scott Welsh, a full-time trader who reveals his new strategy. He discusses the challenges of drawdowns in trading, the appeal of consistent income through dividends, and his strategies to generate income. He also touches on using margin in trading high-yield stocks and offers advice for those looking to start investing in this area.
The video is also available for you to watch on YouTube.
Topics Covered In This Episode- 00:00 Introduction
- 00:55 Who is Scott Welsh?
- 05:26 Transitioning from forex to futures
- 06:40 The drawdown dilemma
- 09:48 Exploring high-yield dividend stocks
- 13:44 Dealing with ETFs volatility
- 16:27 Setting up his investments
- 19:33 Strategies for income generation
- 21:13 Fees for ETFs
- 22:24 Scott’s portfolio
- 25:46 Understanding margin and risk
- 27:02 The importance of starting small
- 28:19 Getting started with high-yield investments
- 30:51 What are the capital requirements?
- 32:49 Where to find Scott Welsh
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What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
How to find Scott WelshWhat one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!