The Stock Trading Reality Podcast

Let's go to Australia once again and hear from a community member who sets a great example of what it takes to be a trader. It may not be the prettiest thing, but it's a real life look into the bumps and grinds that us traders must endure to make it happen. My guest, Dan, is an open book and shares his journey of trading the market and what he has planned for the future. I found his overall attitude and perspective greatly motivating… and to be frank, he says a lot of stuff that many people need to hear! While it might rub some people the wrong way, it's the truth and how things need to be (assuming you want to find and take hold of success). Let's get to it!

If you want the maximum value out of this episode, I'd highly recommend you go back and listen to episode 242 first. I wish I could say I had this all pre-planned, but I'm just not that good at my job! I welcome back long time member Jeremy (better known as "Remy" in community) for his 3rd appearance on the show. Jeremy has been crushing it lately and walks me through all the things he needed to admit to himself before making the change to his new and much improved strategy. It's never easy to admit defeat, but after Jeremey did he was able to expand and explore into various strategies that fit his needs. If you're looking for a deep dive into the details of taking a broad strategy and then shaping and modeling it into your own personal risk tolerance, then you'll love our discussion. Let's get into it. Ready for details? Let's go!

It's time to roll our sleeves up and get down and dirty with the challenges that trading can present. I welcome back long time member and friend, Ben (for those of you in the community, alias "close2pga") to get an update on his journey. Ben has been struggling and not seeing the results he'd like, so this turns into more of deep dive into his psyche and trying to pinpoint what the problem is, but more important, what the solution is. If you are brand new to trading and have never put real money into the market, this discussion may be a bit over your head; however, if you are someone who has put their hard earned money into the market, then I'm confident you'll be able to relate in more ways than one to Ben and his challenges. Who knows, maybe "the thing" that has been causing Ben his issues is the one correction you can also make within your trading to turn your results around? This was an awesome discussion and I'm excited to bring it to you! Let's go!

A positive attitude can take you far in life (and trading) and that's what we really get to see here. My guest, Homer (fellow member from the community who goes by alias "homercon") opens up about his journey so far and holds nothing back. I really appreciated how he just told the truths of all the ups and downs he has been through. He's not a profitable trader… but this is what separates him from many in society who seem to take such a negative out look on things. In his mind, he adds in a single word that changes the landscape. In Homer's mind, he's not a profitable trader, YET. The addition of that extra word shines through in Homer's attitude and perspective and its something that was a breath of fresh air and motivating to me. Let's get to it!

90% of us as traders have been there, in a hole. Whether it was due to letting emotions get the best of us, not knowing what we were doing, or an honest mistake, we've stood at the bottom of a hole and knew we needed to now climb out of it. If you can relate to any of these situations, then you'll find great value and motivation in my discussion with fellow member George (alias in community, "gvigilgem"). Like the vast majority of traders, his journey started on a very bumpy road that eventually lead him downwards and into a hole. It was at that moment George knew he needed to change his ways, so what choices did he make? What actions did he take? We discuss that and a whole lot more (including how he is now well on his way to almost being OUT of the hole). Let's get to it!

We are traveling down under for this week's episode. For the first time ever I speak with a fellow member who is located in Australia! Ron has been trading Forex for quite some time with many ups and downs. Thanks to his honesty, he offers up many opportunities for us all to learn from the mistakes he has made. While he does have experience in Forex, he is also beginning to expand into other areas of the market which we also talk about. I really enjoyed the conversation with Ron and am confident you'll walk away with some "nuggets of experience" that he shares. Watch out for kangaroos and poisonous spiders, we're going to Australia! Let's get to it!

I'm sure I'm not alone when I say it isn't necessarily enjoyable to receive criticism of ideas, systems or strategies that you have put time and effort into. Criticism is part of life and in all actuality, should be embraced for all of us as traders. According to Ray Dalio (worth billions of dollars), you should view any type of criticism as an opportunity. Through my own personal experience in life and especially in trading, I can attest to the fact that what Ray Dalio says is definitely true in the real world. Criticism may not be pleasant, but it is a valuable opportunity when you have the right attitude and perspective about it.

How would your life be affected if you could pay for something as big as college with trading profits? Knowledge pays. Putting a plan into motion that allows for you to take full advantage of what the market offers, while not happening overnight, is completely possible! I welcome back long time member, Micah, to update us on his journey in the world of trading. He first appeared on the show three years ago, so needless to say, much has happened in his journey since then. Micah is absolutely tearing it up and serves as a great source of motivation and inspiration in regards to what is possible with hard work and dedication. If you're in need of some inspiration, then look no further. Let's go!

I'm pretty sure this week's guest is a long lost brother. When it comes to hustling and finding ways to make money in order to obtain a larger scale goal, Leon (better known as "Blew" in the community) is a monster. Those who enjoy making excuses for everything in life won't enjoy Leon and his story, but if you are looking for some motivation and inspiration as you continue to grind in your goals, you're going to love him. Leon works a full time job, so like many of you, his big goal is to best fit trading into his personal work schedule. If you are someone who wants to trade but also have a full time job, Leon has several insights and strategies that you can potentially use in your situation. He's a man who doesn't offer up excuses, but simply grinds things out, and this is what it's all about. Let's get to it!

One of the most dreaded rules in all of the markets: the pattern day trader rule ("PDT"). A classic example of government regulations thinking they are helping but in all actuality, creating a massive hassle for people. It is what it is, but there is some good news when it comes to this common issue. We welcome back "Reboot" (chatroom alias) to update us on his journey. A large part of his new journey has been escaping and working around the PDT rule. He takes us through all the adjustments and realizations he has made in order to place himself on a pathway to profitability that works for his account size, personal time schedule and overall goals. If you are someone who has a smaller trading account, then there will for sure be some nuggets of wisdom you will walk away with, so let's get to it!