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Consistent Profits Podcast

Latest episodes

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Sep 26, 2024 • 49min

072 - Interview w Wayne Klump of EnvironmentalTradingEdge.com

Wayne Klump is the founder of Environmental Trading Edge, LLC and Sleep Well Investing LLC. From humble beginnings as an automotive technician, he worked his way through college while overcoming significant debt. His determination led him to a key role at a hedge fund, where he developed options strategies and managed portfolios for high-net-worth clients. Wayne’s innovative financial creations, including The Sleep Well Portfolio, A.W.A.K.E., and ADAPT Options, reflect his unique approach to investing. Through EtradingEdge.com, he aims to make institutional-grade investment strategies accessible to everyday investors, reshaping the path to financial independence. Show Notes Wayne shares the origin story of his company, Environmental Trading Edge, emphasizing the importance of understanding the trading environment, including macroeconomic conditions, and developing an edge in the market. Wayne stresses the importance of understanding the trading environment. He likens it to checking the weather before dressing appropriately, drawing attention to macroeconomic factors like interest rates, inflation, and Fed policy. Wayne explains that his focus isn’t on traditional technical analysis like chart indicators. Instead, he emphasizes the importance of understanding how the values of options on the underlying assets change over time and their probability structures. We highlight that scalability is a crucial but often overlooked aspect of trading. Wayne emphasizes how institutional trading inherently focuses on growing positions and scaling up. Brian discusses the need for traders to treat their trading like a business. We talked about how balancing trade and account scale while ensuring that the system is sustainable in the long term, including regular drawdowns for income while still growing the account. Wayne offers a variety of services, from personal coaching to automated systems. He emphasizes the ADAPT Daily system, designed to remove complexity for retail traders. Wayne emphasizes the use of spreads (both vertical and horizontal) over naked options, explaining that these structures provide better control over risk and reward. Wayne advocates for building systematic trading approaches, where traders focus on executing consistently good trades in a disciplined manner. This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence. Book a free consultation with Brian here à https://insideouttrading.com/book-a-call-w-brian/ "The Science of Consistency Applied to Trading" video -- https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/ "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/ Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/ Join the Consistent Profits Club and get a load of free trader resources to help you make greater and more consistent profits ---} https://insideouttrading.com/ About the podcast On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8 On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect Website - https://www.environmentaltradingedge.com/ Youtube - https://www.youtube.com/@environmentaltradingedge599 Email - info@etradingedge.com What’s important to you about trading?  Comment below
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Sep 19, 2024 • 32min

071 - Interview w Louise Bedford of TradingGame.com.au

Louise Bedford is a distinguished full-time private trader and a leading figure in the Australian trading community. With a career spanning over 30 years, she has built a reputation as a prolific author and educator in the field of financial markets. Bedford is the author of several best-selling books, including The Secret of Candlestick Charting, Charting Secrets, and Trading Secrets. Her work provides valuable insights into market psychology and technical analysis, helping traders enhance their skills and achieve their financial goals. Holding degrees in Psychology and Business, Bedford combines her academic background with her extensive trading experience to offer a unique perspective on behavioral finance. She is renowned for her passion for teaching and has trained thousands of individuals to maximize their trading potential through her books, seminars, and the popular Talking Trading Podcast. Show Notes ·        Louise advises traders to save their primary income for a year and live off their trading income before making the full-time jump. ·        We discuss the importance of having a well-defined trading plan, reflecting Louise’s engineering background and Brian’s emphasis on structured thinking. ·        Louise mentions the need for emotional self-awareness and support systems. ·        Brian highlights risk management as fundamental to maintaining a full-time trading career. ·        Louise suggests that traders should define their personal purpose and motivations. ·        Louise advices trading across multiple markets (e.g., equities, commodities) to manage different market conditions and cycles effectively, while avoiding the trap of overcomplicating strategies with too many instruments or timeframes. ·        Brian stresses that competence is key to managing the emotional aspects of trading. This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence. ·        Book a free consultation with Brian here à https://insideouttrading.com/book-a-call-w-brian/ ·        "The Science of Consistency Applied to Trading" video -- https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ ·        The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/ ·        "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/ ·        Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/ ·        Join the Consistent Profits Club and get a load of free trader resources to help you make greater and more consistent profits ---} https://insideouttrading.com/ About the podcast ·        On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8 ·        On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 ·        On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ ·        On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 ·        On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM ·        On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect ·        Website - https://www.tradinggame.com.au/ ·        Book - https://www.amazon.com/Secret-Candlestick-Charting-Strategies-Australian/dp/187662728X ·        Facebook - https://www.facebook.com/TradingGame/ ·        Linkedin - https://au.linkedin.com/in/louise-bedford   What’s important to you about trading?  Comment below
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Aug 29, 2024 • 40min

Whole Brain Trading Expert - Zvi Benyamini – Episode 070

Zvi Benyamini is a seasoned trader with over two decades of experience in the financial markets, starting in 2003. As a trained PSYCH-K® facilitator, he has helped individuals transform limiting beliefs and overcome mental barriers in various life areas, including business, relationships, and health. Today, Zvi specializes in coaching traders, combining his deep trading experience with PSYCH-K® techniques to address the psychological challenges that often hinder trading success. His unique approach empowers traders to achieve greater success and mental clarity in their trading journeys. Show Notes ·        Zvi emphasized that a trader's mindset is deeply intertwined with the systems they create. He explained that psychological fears often manifest in the rules traders set for themselves. ·        He stressed the value of an external perspective, such as working with a coach or mentor, to uncover these blind spots. ·        He talked about the process of uncovering fears that are hidden within trading rules. He explained that traders often create rules that are more about managing their emotions than about enhancing their performance. ·        He emphasized the importance of taking action once a problem has been identified. He explained that traders often get stuck in repetitive patterns of mistakes because they don’t fully confront the underlying issues. ·        Zvi encouraged traders to honestly reflect on their behavior, recognize what needs to change, and then take decisive steps to implement those changes, rather than expecting the problem to fix itself over time. ·        Zvi explained his flexible approach to coaching, noting that every trader’s journey is different. Some traders might only need a single session to uncover a critical insight, while others might require multiple sessions to work through more complex issues. This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence. ·        Book a free consultation with Brian here à https://insideouttrading.com/book-a-call-w-brian/ ·        "The Science of Consistency Applied to Trading" video -- https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ ·        The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/ ·        "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/ ·        Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/ ·        Join the Consistent Profits Club and get a load of free trader resources to help you make greater and more consistent profits ---} https://insideouttrading.com/ About the podcast ·        On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8 ·        On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 ·        On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ ·        On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 ·        On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM ·        On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect ·        Website - https://wholebraintrading.com/ ·        Telephone - +972-52-4292068 ·        Email - hello@wholebraintrading.com What’s important to you about trading?  Comment below
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Jul 25, 2024 • 32min

069 – Wyckoff and Volume Trading Specialist – Interview w Tim Ord

Timothy Ord is an award winning market analyst who has a proven track record of 35 years of market success.  He is President, Editor, and Publisher of The Ord Oracle, which is an electronic advisory newsletter that recommends S&P, NASDAQ, and gold stock trades. Tim is frequently listed as one of the top-ten market timers in the country. Timer Digest ranked him the #1 gold timer for the one-year period ending January 13, 2006 as well as the #2 gold timer and the #5 S&P timer for 2004. Show Notes Tim's education in mathematics made him naturally inclined towards the quantitative aspects of trading, which technical analysis heavily relies on. He emphasized the importance of volume in confirming price movements. High volume often indicates strong conviction behind a price move, whether up or down. He stressed that making mistakes and experiencing losses are part of the learning process in trading. Tim expresses a clear preference for candlestick charts over bar charts due to their visual clarity and ease of interpretation. Tim explains his preference for trend trading over day trading. He believes that capturing longer-term trends offers better risk-reward opportunities compared to the rapid, high-frequency nature of day trading. Tim discusses a long position he took on the S&P 500 in April, explaining his rationale based on technical indicators and market sentiment at the time. He shares his current market outlook, noting the volume observations that led him to his present positions. Tim elaborates on his use of the VIX (Volatility Index) as a gauge of market sentiment. Tim talks about his market newsletter, which he publishes regularly. This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence. Book a free consultation with Brian here 🡪 https://insideouttrading.com/book-a-call-w-brian/ "The Science of Consistency Applied to Trading" video -- https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/ "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/ Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/ About the podcast On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8 On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect Website: https://www.ord-oracle.com/ Book: https://www.amazon.com/Secret-Science-Price-Techniques-Spotting-ebook/dp/B0096C9V94   Linkedin: https://www.linkedin.com/in/tim-ord-b3092311/ Twitter: https://x.com/ordoracle What’s important to you about trading?  Comment below
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Jul 4, 2024 • 35min

068 - Focused on Identity and Development – Interview w Troy Noonan

Troy Noonan, known as the Backpack Trader, is an experienced author, day trader, trade system developer, and coach. He began his trading career in internet cafes while traveling through Europe and South America in the late nineties. Noonan continues to leverage the freedom trading offers, traveling globally while executing trades. He has developed several effective trading strategies, including Counter-Punch Trader and Spotlight Master Suite, which have proven successful and accessible to both new and veteran traders. As a teacher and mentor, Noonan has guided thousands of students in over a hundred countries to find day trading success. His new book, Day Trading QuickStart Guide, encapsulates his extensive experience, providing an ideal path for new traders. Noonan's strategies and trading plans are simple, robust, and effective, making them valuable for anyone looking to succeed in forex, futures, options contracts, and day trading. He is also the founder and CEO of BackpackTrader.com, offering coaching and trading services. Shown Notes Troy outlined a structured approach to transforming from a novice trader to the CEO of your trading business. He advocates for trading styles that fit one's lifestyle rather than forcing lifestyle changes to accommodate trading. He emphasizes minimizing trading to maximize effectiveness and avoid emotional pitfalls like FOMO (Fear Of Missing Out). We discussed on how many people enter trading with unrealistic expectations and the importance of focusing on mastering the craft. We highlighted the importance of practice not just until you get it right, but until you can't get it wrong. This includes practicing in simulated accounts with the same discipline as with real money. Troy notes that consistency and confidence come from following a systematic trade plan, avoiding the pitfalls of "chasing performance." We talked about how a well-tested trade plan is crucial for maintaining trader confidence, especially in the face of losing or missed trades. Troy stresses that effective money management is essential for achieving financial goals, involving systematic risk management and position sizing. We discussed the importance of sticking to the trade plan during drawdowns to avoid compounding losses and abandoning a tested strategy. This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence. Book a free consultation with Brian here à https://insideouttrading.com/book-a-call-w-brian/ "The Science of Consistency Applied to Trading" video -- https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/ "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/ Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/ About the podcast On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8 On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect Website - https://backpacktrader.com/ On Facebook  - https://www.facebook.com/TheBackpackTrader On Instagram - https://www.instagram.com/backpacktrader/ On Twitter - https://x.com/Backpacktrader1 On YouTube - https://www.youtube.com/c/BackpackTrader What’s important to you about trading?  Comment below
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Jun 27, 2024 • 29min

067 - Rocking the Stock Market with Short & Medium Length Trades – Interview w Anthony Greer

Visit Inside Out Trading for resources to help YOU become a winning trader – because success in trading comes from the inside out! https://insideouttrading.com/ytcp Tony Greer started TG Macro in August 2016, using his 25 years of trading and 15 years of writing a daily newsletter to create a platform for market analysis. TG Macro provides insights on global markets to both big firms and individual subscribers. Tony sees himself as a key analyst for the future of Wall Street, where he thinks people will buy research and market insights individually. He wants TG Macro to be a top choice for this. By taking an entrepreneurial path, Tony offers custom analysis and a daily newsletter, among other publications. His approach has made him a well-known contributor on Seeking Alpha and Real Vision. Show Notes ·        Anthony provides an overview of his 20-year career, with the first decade spent as a commodity trader and the second as an equity salesman, before starting his own company. ·        He acknowledges that while stocks are driven by market confidence and can experience dramatic failures, the long-term performance of indices like the S&P 500 makes them appealing. ·        He analyzes the Federal Reserve's current stance, noting a period of relative stability with the bond market and yield curve not showing dramatic changes, which is beneficial for stocks. ·        Anthony discusses the potential for increased market volatility leading up to the elections, drawing comparisons to the dot-com bubble era. ·        He provides an overview of the Morning Navigator publication, which offers market analysis and trade ideas three times a week. ·        Anthony outlines his position trading approach, emphasizing the use of trailing stop losses and moving averages to manage trades. ·        He highlights the significant influence of technological advancements, particularly AI, on market trends and stock prices. ·        He discuss the importance of flexibility in trading and the potential for certain trades to become highly profitable over extended periods. ·        Anthony notes that while the market often reacts to political developments, it is essential to focus on underlying economic trends and technological advancements. This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence. ·        Book a free consultation with Brian here à https://insideouttrading.com/book-a-call-w-brian/ ·        "The Science of Consistency Applied to Trading" video -- https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ ·        The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/ ·        "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/ ·        Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/ About the podcast ·        On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8 ·        On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 ·        On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ ·        On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 ·        On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM ·        On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect ·        Website - https://tgmacro.com/ ·        On Linkedin - https://www.linkedin.com/in/tony-greer-93b319b6/ ·        On Twitter - https://twitter.com/TgMacro What’s important to you about trading?  Comment below
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Jun 20, 2024 • 41min

066 – Mr High Win Rate w Reliable Income – Interview w Tony Pawlak

Visit Inside Out Trading for resources to help YOU become a winning trader – because success in trading comes from the inside out! https://insideouttrading.com/ytcp Tony Pawlak transitioned from a dedicated truck driver to a full-time trader, Tony's journey is marked by perseverance through significant setbacks, including a near $100,000 loss and overwhelming debt. Undeterred, he learned from his mistakes and ultimately achieved extraordinary success, realizing annual returns of 200-400% from his trading activities. Today, Tony is a revered master coach at Real Life Trading, passionately committed to empowering others with the knowledge and strategies he painstakingly developed. With over 2,000 hours of personalized coaching annually, Tony offers a unique approach to stock trading, guiding his students towards financial independence and freedom. His mission is to demystify the stock market and help others achieve success through the innovative strategies he honed through his own experiences. Show Notes Tony emphasizes the importance of treating trading like a business. This involves planning for expenses, managing risks, and understanding that losses are part of the process. He stresses the need for calculated risks and setting clear profit and loss limits. Tony shares personal stories of losing money and the psychological impact of needing to make substantial profits to cover bills. Tony details his strategy of using short-term credit spreads for consistent returns. He highlights the flexibility of trading, noting that it can be done from anywhere and at any time, thanks to global markets. Tony describes Real Life Trading as an organization with around 15 members, each specializing in different trading areas such as options, futures, day trading, and investing. We discuss the potential impact of AI on trading. Tony emphasizes the importance of understanding where large options contracts are positioned, as these levels often act as support or resistance and can predict significant market moves. Brian explains that covered calls offer zero risk of loss on the stock itself, only the potential missed profit if the stock's price exceeds the strike price of the sold call. Tony explains the need for a margin account and typically a level two options trading approval. This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence. Book a free consultation with Brian here 🡪 https://insideouttrading.com/book-a-call-w-brian/ Consistency Training for Traders 🡪 Consistent Profits Training For Traders – Inside Out Trading The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/ "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/ Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/ About the podcast On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8 On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect  Website:  https://reallifetrading.com/ Youtube:  https://www.youtube.com/c/RealLifeTrading Instagram:  https://www.instagram.com/reallifetrading/ Facebook:  https://www.facebook.com/Reallifetrading/ Email: reallifetrading@gmail.com
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Jun 13, 2024 • 47min

065 - Trading Psychology specific to Prop Firm Trading – Interview w Norman Hallett

Norman Hallett has been a trader and trading educator for over 4 decades.From 1981 to 1988, he ran one of the largest options firms in the country and later worked as a commodities specialist for Paine Webber. In 1991 he formed the Hallett Group, managing large trading accounts for individual investors as a Commodity Trading Advisor. He currently owns and operates The Disciplined Trader, founded in October, 2000, where he focuses on helping traders with the too-often-neglected area of mental and emotional control and the building of Simple Trading Plans. Mr Hallett is a popular speaker at Trading Expos and countless international venues. He has over a million views of his “4-Minute Drill For Traders” where he gives tips and techniques for being a more successful trader. Norman provides an overview of prop trading, explaining that it involves trading with other people's money (prop firms) and earning a share of the profits. He discusses the advantages of prop trading, such as reduced emotional stress since traders are not trading their own money. He delves into the mechanics and rules of prop trading. He draws comparisons between prop trading and his experience as a Commodity Trading Advisor (CTA). We discuss the benefits and limitations of simulated trading. He advocates for prop trading as a viable alternative to traditional trading, especially for traders who have the necessary skills but lack sufficient capital. We discuss the benefit of being part of a trading community or group that provides support and shared experiences, which can accelerate learning and success. He talks about the minimal fees associated with prop trading, making it an attractive option even for those with smaller account sizes. We talked about how prop trading has removed the financial barriers that used to exist in traditional trading, allowing virtually anyone to start trading with minimal capital. Norman mentions his upcoming book titled "Your Money, Their Profit." This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence. Book a free consultation with Brian here 🡪 https://insideouttrading.com/book-a-call-w-brian/ "The Science of Consistency Applied to Trading" video -- https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/ "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/ Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/ About the podcast On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8 On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect  Website - https://thedisciplinedtrader.com/ Email - admin@thedisciplinedtrader.com What’s important to you about trading?  Comment below
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Jun 6, 2024 • 38min

064 - Robust Algo Trader Mr Breakouts – Interview w Tomas Nesnidal

Visit Inside Out Trading for resources to help YOU become a winning trader – because success in trading comes from the inside out! https://insideouttrading.com/ytcp Tomas Nesnidal is known in the trading community as "Mr. Breakouts," he has been a full-time trader for over 11 years, specializing in Breakout strategies and Market Internals. Originally from the Czech Republic, Tomas has established himself as a leading expert in these trading techniques. In 2017, Tomas launched his own Hedge Fund, which is dedicated to breakout trading strategies. This fund leverages Tomas's deep understanding of market internals and breakout patterns to capitalize on market opportunities. Tomas's expertise and innovative approach have earned him a reputation for developing robust trading systems. His strategies are grounded in rigorous testing protocols to ensure their long-term viability. Show Notes ·        Tomas discusses his specialization in breakout strategies and market internals. ·        He emphasizes the importance of consistency and robustness in developing trading strategies. ·        He explains the critical role of robustness testing in ensuring the long-term viability of trading strategies. ·        Robustness testing is crucial in developing reliable automated trading strategies, ensuring they perform well under different market conditions. ·        He highlights that his stringent robustness testing protocol allows only about 1% of strategies to pass, ensuring high reliability. ·        He shares his past experience with options trading and his fascination with their complexity. ·        Robustness testing is crucial in developing reliable automated trading strategies, ensuring they perform well under different market conditions. ·        Tomas mentions his book, "The Breakout Trading Revolution," which provides a formula for developing breakout trading strategies. ·        He also talks about the Better Trader Academy community, where members can participate in live hangouts and get answers to their trading questions. ·        We discuss the importance of focusing on a specific trading method and developing deep expertise in that area. This podcast is brought to you by https://InsideOutTrading.com, where the focus is specifically on CONSISTENCY, so you'll find all sorts of unique resources to help you trading profitably and with confidence. ·        Book a free consultation with Brian here 🡪 https://insideouttrading.com/book-a-call-w-brian/ ·        "The Science of Consistency Applied to Trading" video -- https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ ·        The Proven Formula for Consistent Monthly Profits -- https://insideouttrading.com/ ·        "Enough To Be Dangerous" short report --- https://insideouttrading.com/enough-to-be-dangerous-report/ ·        Work with Brian -- https://insideouttrading.com/schedule-a-call-with-brian/ About the podcast ·        On Spotify - https://podcasters.spotify.com/pod/show/brian-mcaboy8 ·        On Apple Podcasts - https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 ·        On YouTube - https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ ·        On Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 ·        On Radio Public - https://radiopublic.com/consistent-profits-podcast-6Bx9yM ·        On iHeartRadio - https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect  ·        Ebook - https://www.amazon.com/Breakout-Trading-Revolution-Strategies-Ultimate-ebook/dp/B0BJZ3YPRN ·        Website - https://www.systemsontheroad.com/ ·        On Facebook  - https://www.facebook.com/BetterTraderAcademy/ ·        On Linkedin - https://www.linkedin.com/in/tradertomasnesnidal/ ·        On YouTube - https://www.youtube.com/channel/UCB2ZdaUN_rpSvNybJd3Gc6w What’s important to you about trading?  Comment below
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May 23, 2024 • 37min

063 - Award-winning Trader HypnoTherapist – Interview w Louise Nonweiler

Visit Inside Out Trading for resources to help YOU become a winning trader – because success in trading comes from the inside out! https://insideouttrading.com/ytcp   Louise is a recognized and highly acclaimed trading psychology expert. She is an Award-Winning Clinical Hypnotherapist and Life Coach, Louise is the founder of Hypnosis for Traders, and the creator of the Trading Mindset Programme (TMP). She is also the co-founder and co-host of the Trading in the Zen and the Trading Mindset Podcast.   Louise has won numerous awards both globally and in the UK, including awards for Business Woman of the Year, Life Coach of the Year, Hypnotherapist of the year, Alternative Therapy, and for being Inspirational and Influential. She also has diplomas in Mindfulness, NLP, Clinical Hypnotherapy, and Financial Trading.   Along with all the awards and accreditations, Louise is also just plain a cool person and very down to earth.   Show Notes •        Louise highlights the common psychological issues traders face, such as fears and limiting beliefs, and how these stem from the subconscious. •        She describes how the subconscious mind and primitive brain influence trading behaviors, leading to reactions like the fight-or-flight response and going "on tilt." •        She explains the process of identifying and changing limiting beliefs through hypnotherapy. •        Brian and Louise discuss the conflict between conscious desires and subconscious beliefs, providing examples of how these conflicts manifest and can be resolved. •         We talked about the importance of simplifying trading by reducing the number of accounts to manage stress and improve performance. •        Louise discusses her new ebook, "Traders Mind Reset," and her course, "Funded Trader Mastery." •        They discuss how maintaining a healthy mindset can positively affect physical health and vice versa. •        How traders can benefit from these resources and the importance of addressing subconscious beliefs and habits •        Louise outlines what happens in the brain during hypnosis, differentiating between light and deep states of hypnosis.   Watch the interview on YouTube --------> https://youtu.be/gJzrGQYSlX8   This podcast is brought to you by https://InsideOutTrading.com, where you’ll find all sorts of unique resources to help you trading profitably and with confidence and consistency. •        “The Science of Consistency Applied to Trading” video — https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ •        The Proven Formula for Consistent Monthly Profits — https://insideouttrading.com/ •        “Enough To Be Dangerous” short report — https://insideouttrading.com/enough-to-be-dangerous-report/ •        Work with Brian — https://insideouttrading.com/schedule-a-call-with-brian/ •        Join the Consistent Profits Club and get a load of free trader resources to help you make greater and more consistent profits —} https://insideouttrading.com/ About the podcast ·        On Spotify – https://podcasters.spotify.com/pod/show/brian-mcaboy8 ·        On Apple Podcasts – https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 ·        On YouTube – https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ ·        On Google Podcasts – https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 ·        On Radio Public – https://radiopublic.com/consistent-profits-podcast-6Bx9yM ·        On iHeartRadio – https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to find Louise   ·        Website: http://www.hypnosisfortraders.co.uk ·        Instagram: @louise.nonweiler ·        Youtube: https://www.youtube.com/@tradingmindsetandmotivation  What’s important to you about trading? Comment below

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