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Consistent Profits Podcast

Latest episodes

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Dec 14, 2023 • 43min

043 – How to Get Rich From the Stock Market During Recessions and High Inflation -Interview w Jason Brown

Download your free copy of “Break the Cycle” and interrupt the patterns of the past so you can stop giving back your profits ---}  https://insideouttrading.com/break-cycle/ -------------------------------------- For those of you not already familiar with Jason, he is a finance graduate from Wayne State University with over a decade of experience in stocks and options trading. At the young age of 23, Jason started trading with a $10,000 student loan and grew it into a six-figure trading account. His passion for teaching others about stock market investing led him to create his own online education company “Power Trades University” which has helped thousands of students worldwide to start investing. Jason is an active YouTuber with over 80,000 subscribers and his videos have reached over 1 million views. He is also the host of the “Money, Markets and Mindset Podcast”. Jason believes that anyone can profit from the stock market if they know what to look for, and how to spot low-risk but high-reward times to buy and sell combined with the right option strategies to supercharge returns and minimize risk. Watch it here on YouTube ---> https://youtu.be/ZZgTPnRVf_Q Show Notes Jason shared his challenging upbringing and how he diverted his path towards education and trading despite adversities. His journey of gaining confidence and expertise through trial and error and learning stock patterns. We discuss the importance of skill development and building a track record before venturing into significant trading activities. The evolution of the Brown Report from a personal vlog during the recovery of financial losses to a platform showcasing the Jason’s life, financial strategies, and wealth-building insights. The creation of Power Trades University aimed to teach trading strategies in everyday language, devoid of jargon and complexity, to empower individuals to manage their investments independently. Jason shares more about his personal story of losing a substantial amount of money in the stock market and then recording their journey to recover it. We emphasized the value of employment beyond just earning money—seeing jobs as avenues to learn about management, business strategies, and financial operations. Jason gives his insights into stock trading and the emotional impact of trading. We delve into trading strategies, including directional trading versus non-directional trading like iron condors and credit spreads. 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://powertradesuniversity.com/ On Linkedin - https://www.linkedin.com/in/jasonbrown1124 On YouTube - https://www.youtube.com/@brownreport What’s important to you about trading?  Comment below
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Dec 7, 2023 • 47min

042 – Interview w Robb Reinhold of MaverickTrading.com

Download your free copy of “Break the Cycle” and interrupt the patterns of the past so you can stop giving back your profits ---}  https://insideouttrading.com/break-cycle/ -------------------------------------- For those of you not already familiar with Robb, he is the head trader/owner of Maverick Trading and Maverick Currencies, a US based proprietary trading firm that has been in business since 1997.   Robb started trading professionally in 1997 after a year or two of dabbling in the early days of online trading.   As the head trader overseeing hundreds of traders, his main focus has been in Trading Psychology over the last 15 years as that is the #1 thing causing traders to struggle/fail.   In addition to having written the book, “Maverick Trading: Proven Strategies for Generating Greater Profits” and running a prop firm, there are a couple of things that are unique to Robb.  The fact that he prioritizes psychology is nothing new, but what Robb has done differently is he actually developed the Trader Personality Test and we’ll find out about that today.  Robb also makes the strong assertion that the exit is where the pros succeed.  He even has gone so far as to demonstrate this with his Flat Earth Tradin Society Youtube Channel, where places trades that are completely random.   Watch it here on YouTube ---} https://youtu.be/my2aAA0RJ5M Show Notes Rob's initial interest in trading from a young age and how it evolved over time. The philosophy behind Maverick Trading and its departure from traditional Wall Street approaches. Rob's experience co-authoring a book on options trading strategies and risk management. Maverick's philosophy, emphasizing the importance of risk management, adherence to trading plans, and individualized strategies. The significance of understanding trading personalities, using a Myers-Briggs-style test for traders, and aligning trading strategies with individual tendencies. We discuss on the continuous evolution of trading spaces, technological advancements, market dynamics, and the potential impact of AI in trading. Rob shares the response to the Flat Earth Trading Society experiment and the surprise regarding YouTube's categorization of the content as conspiracy theory-related. Insights into the significance of psychology in trading, referencing a story of a chess player training based on end-game strategies rather than openings. 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://mavericktrading.com/ On Linkedin  - https://www.linkedin.com/in/robb-reinhold-540a7813a On Amazon - https://www.amazon.com/stores/author/B006G1UHJ6 Take your personality test - https://traderpersonalitytests.com/ What’s important to you about trading?  Comment below
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Nov 30, 2023 • 1h 1min

041 – Interview w Serge Berger creator of TheSteadyTrader.com

Download your free copy of “Break the Cycle” and interrupt the patterns of the past so you can stop giving back your profits ---}  https://insideouttrading.com/break-cycle/ -------------------------------------- Serge has been an active trader since 1998. During his career he’s been a financial analyst, dealt in fixed income instruments at JP Morgan, and was a proprietary trader in equities, equity options and futures. Having had exposure to a range of different asset classes allowed him to identify which asset classes and strategies best fit his goal of achieving consistent profits. Over the years Serge created a trading methodology that divides markets into different time-frames and characters, allowing him to more clearly and without emotions determine which strategies to apply in which situations. He uses a repeatable, rules-based approach to the markets. Watch it here on YouTube ---> https://youtu.be/WXGijGFWXRg Show Notes Serge divides markets into different timeframes and characters to identify strategies without emotions, using a rules-based approach. He emphasizes that many people don't truly understand how stock markets work, including the impact of timeframes, money supply, and the relationship between assets like stocks, bonds, currencies, and commodities. We discussed different measures like M1 and M2, emphasizing the significance of monitoring money supply and its historical shifts. We distinguished between the roles of financial advisors, typically offering broader financial plans, and investment advisors specialized in managing and advising on investments. He highlighted the difficulties faced by older individuals looking to retire early and start trading, often encountering frustrations, unrealistic expectations, and riskier behaviors due to their financial pressures and desires to leave traditional employment. We addressed the misconception of expecting consistent returns in trading, pointing out the volatility and unpredictability of the market. We discussed how certain commercials, like the E Trade baby, might have influenced perceptions of investing but might not have been helpful for average consumers. We compared trading to running a business and the importance of managing risk and understanding nonlinear returns. He assesses markets beyond just equities and why understanding indicators like the dollar index can forecast market movements more accurately. 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://thesteadytrader.com/ On Instagram - https://www.instagram.com/steadytrader/ On Twitter - https://twitter.com/SteadyTrader On YouTube - https://www.youtube.com/@thesteadytrader What’s important to you about trading?  Comment below
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Nov 23, 2023 • 41min

040 – Interview w Andrew Mitchem of TheForexTradingCoach.com

Andrew Mitchem first started trading the Forex market back in 2003 and he’s been trading ever since. In 2009 Andrew formed “The Forex Trading Coach” and in that time, Andrew and his fabulous team have helped coach over 4000 traders from 104 Countries. The strategy requires very little chart time per day and clients can over time learn how to become independent and successful traders.  Watch it here on YouTube ---> https://youtu.be/mZJDtE8cU1o Show Notes Andrew shares his passion for flying helicopters and how it parallels the challenges and discipline required in successful trading. We talked about the evolution of trading technology from the dial-up internet era to the rise of expert advisors and bots in the late 2000s, revolutionizing the Forex market for individual retail traders. He shares his transition from a farming background to trading due to personal circumstances and the challenges he faced shifting from physical work to a more abstract field like trading. We discuss the probabilistic nature of trading and how Andrew developed his trading strategy based on observed patterns and price movements rather than seeking a magic formula. We emphasize the importance of observing the market, not just in terms of individual trades but in understanding the broader market dynamics and patterns. Andrew shares aspects of his trading method, which involves observing pivot points, considering price movement, and analyzing strength and weakness in currencies. Andrew highlights the significance of risk management in trading and how he maintains a consistent risk percentage per trade, regardless of the chart's timeframe. Andrew's journey into teaching others about trading began somewhat accidentally but evolved into a passion for helping individuals navigate the complexities of trading through observation and practical methods. We converse how market conditions vary based on different factors, such as time of year or overall market sentiment, and the importance of adapting to these changes. Andrew stresses the importance of seeking guidance and mentorship in trading, emphasizing that trying to learn everything on your own can be limiting. 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/ 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://theforextradingcoach.com/ facebook: https://www.facebook.com/AndrewTFTC instgram: https://www.instagram.com/andrewmtftc/ x: https://twitter.com/fxforextrade linkedin: https://www.linkedin.com/in/andrew-mitchem-67b5a633/ youtube: https://www.youtube.com/@AndrewMitchem What’s important to you about trading?  Comment below
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Nov 16, 2023 • 40min

039 – Interview w Rob Carver, Book Author & Systematic Trader

For those of you not already familiar with him, Robert Carver is an independent systematic futures trader, writer and research consultant.  He is also currently a visiting lecturer at Queen Mary, University of London, and a research advisor to Stylus Digital, a hedge fund trading digital assets. Robert has authored several books including “Systematic Trading", "Smart Portfolios", "Leveraged Trading" and "Advanced Futures Trading Strategies". Until 2013 Robert worked for AHL, a large systematic hedge fund, and part of the Man Group. He was responsible for the creation of AHL's fundamental global macro strategy, and then managed the funds’ multi-billion dollar fixed income portfolio. Prior to that Robert worked as a research manager for CEPR, an economics think tank, and traded exotic derivatives for Barclays investment bank. Robert has a Bachelors degree in Economics from the University of Manchester, and a Masters degree, also in Economics, from Birkbeck College, University of London Show Notes ·        Rob's pivot from computer science to economics and eventually trading highlights the importance of adaptability in navigating career changes. ·        He discusses how economic theories were applied, albeit limitedly, in practical trading decisions. ·        He emphasizes the need for standardization of trading terminology across different trading communities to void confusion and misinterpretation. ·        Robert discusses his background in institutional trading and his decision to venture into building his own systematic trading systems from scratch. ·        He explains how his books originated from his hands-on experience, with the first book detailing the process of designing a systematic trading system and the second focusing on applying systematic strategies to long-only investments in stocks and ETFs. ·        Robert's range of books on trading, focusing on different aspects like systematic trading, smart portfolios, leverage trading, and advanced futures strategies. ·        He emphasize the varying accessibility levels of his books and recommendations on where to start for beginners. 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/ ·        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://systematicmoney.org ·        On Facebook  - https://www.facebook.com/Robert.Carver.Author/ ·        On Goodreads - https://www.goodreads.com/author/show/14163231.Robert_Carver What’s important to you about trading? Comment below
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Nov 15, 2023 • 50min

038 – Interview w Daryl Guppy of GuppyTraders.com

For those of you not already familiar with Daryl, he is known as “The Chart man”, and he’s a prominent Australian financial columnist and author renowned for his expertise in stock market trading techniques. With a career spanning several decades, Daryl has become a recognized figure in the finance industry, having delivered speeches at conferences worldwide and making appearances on various finance television programs. He is credited with inventing the Guppy Multiple Moving Averages (GMMA), a widely used tool incorporated in charting programs like MetaStock. In addition to his contributions to financial technology, Daryl is a prolific writer, having authored eight books, including one specifically focused on the Chinese stock market. He is a regular columnist for publications such as The Edge, China Daily, and Shanghai Security News, and also maintains a CNBC.com column titled "Charting Asia." Watch it here on YouTube ---> https://youtu.be/MZ0OfKLSPsY Show Notes Daryl shares his unique start in trading, which began in a remote Australian community with limited access to information. He discusses how isolated trading allowed him to focus solely on price movements and identify repeated behavioral patterns in the market. He explains his motivation to write books on trading, aiming to make technical analysis accessible and interesting to a broader audience. We discuss various market analysis techniques, including chart analysis and trend identification. Darryl provides insights in the development of the GMMA indicator, which helps identify points of agreement and disagreement about price and value in the market. We talk about the similarities in the attitudes and approaches of retail traders worldwide, driven by the pursuit of greater returns. He discusses the illusion of control that traders often have, emphasizing the unpredictability of market movements and the importance of adapting to market dynamics. Darryl Guppy shares two essential principles for traders: the importance of harm minimization through tools like stop loss, and the need to manage one's reaction to the future. He explains the concept of float analysis, a technique that involves analyzing the available free float of a stock by examining historical trend movements. We discuss the role of AI in trading and whether it will make individual traders irrelevant. We delved into how AI-driven trading and social media recommendations are leading to behavioral changes in the market. 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. 🡪 https://insideouttrading.com/book-a-call-w-brian/ https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ https://insideouttrading.com/ https://insideouttrading.com/enough-to-be-dangerous-report/ https://insideouttrading.com/schedule-a-call-with-brian/ https://insideouttrading.com/ About the podcast https://podcasters.spotify.com/pod/show/brian-mcaboy8 https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 https://radiopublic.com/consistent-profits-podcast-6Bx9yM https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect  Website - https://www.guppytraders.com/ On Twitter - https://twitter.com/guppytraders On Linkedin - https://au.linkedin.com/in/darylguppy What’s important to you about trading?  Comment below
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Nov 2, 2023 • 44min

037 – Interview w Roger Khoury of MarketForecastingAcademy.com

Roger Khoury is an expert in the field of Market Forecasting, with over two decades of experience. In 2010, he developed an innovative probability-based form of price forecasting (through real-time demand analysis), called Market Vulnerability Analysis™ (or MVA™), to overcome an inherent flaw he had discovered that was unavoidably baked into every trading and investment strategy developed for the world's financial markets. In 2019 Roger launched the Market Forecasting Academy to accomplish his vision for educating and mentoring active market participants on acquiring the skill of accurate and objective Financial Market Forecasting. Watch it here on YouTube ---> ⁠https://youtu.be/gaGTPept7fQ Show Notes ·        Roger’s background and experience in market forecasting, including his innovative approach called Market Vulnerability Analysis (MVA). ·        His journey into trading, starting in 1996 during the trading revolution and facing challenges in achieving consistent success. ·        The importance of demand as a leading indicator in predicting price movements, contrasting it with lagging indicators like price and derivatives of price. ·        His perspective on real success in trading, emphasizing the importance of stability, security, and happiness, not just financial gains. ·        The significance of staying ahead of market movements through demand analysis for a more consistent and successful trading experience. ·        His explanation of different scenarios, such as market corrections and unexpected events like terrorist attacks, and how demand analysis can provide insights to navigate these situations effectively. ·        Exploration of eight major demand factors, including geopolitical forces, volatility phase shifts, market sentiment, and liquidity levels. ·        Understanding prime liquidity pools to avoid market manipulation and stop hunting. ·        Importance of developing a systematic process to interpret demand factors and their relation to price action. ·        Introduction to the four pillars of successful trading: Clarity, Control, Consistency, and Confidence. 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/ ·        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.investingfortoday.com/ ·        On Facebook  - https://web.facebook.com/FinancialMarketDoctor/ ·        On Linkedin - https://www.linkedin.com/in/rogerkhouryusa   What’s important to you about trading?  Comment below
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Nov 2, 2023 • 48min

036- Interview w Brent Penfold of IndexTrader.com.au

Brent has been trading for nearly 40 years now and has experience trading his own accounts plus has traded for other firms and so has some unique perspectives on the markets and trading in general.  He’s written two books, the Universal Principles of Successful Trading and the Universal Tactics of Successful Trend Trading, and he also provides a Daily Study Guide, 3 different level courses on trading and since 2004 has been publishing the newsletter, IndexAlert, to which he offers a 21-day free trial. Watch it here on YouTube ---> https://youtu.be/-o86bAvvYsU Show Notes Brent's journey at Bank of America included experiences in the money market, banking, and structured leasing, with notable events like the speculation around the Australian dollar revaluation. He was introduced to Elliott Wave theory at Bank of America, which became a significant part of his trading approach. Brent moved to Bank of America's Forex desk and specialized in swaps, gaining expertise in managing FX risk for corporate clients. He developed an arbitrage program to assist corporate clients in making strategic financial decisions, considering yield curves domestically and internationally. He talks about the development of his courses, which took 20 years to create. He emphasizes the importance of educational initiatives, allowing him to engage with people and share his knowledge in contrast to his solitary trading life. The courses focus on foundational principles, risk management, psychology, and validation of trading ideas. Brent emphasizes the importance of being a cynic in trading and independently validating ideas before risking money. Brent's courses also include universal tools based on price, simple systems, and live trading sessions to help students develop good trading habits. Brent stresses that the primary obstacle for traders in achieving consistent profits is the inability to handle losses. He advises traders to focus on managing their risk capital with a modest expectation rather than solely aiming for high accuracy. 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. 🡪 https://insideouttrading.com/book-a-call-w-brian/ https://insideouttrading.com/register-for-the-science-of-consistency-masterclass/ https://insideouttrading.com/ https://insideouttrading.com/enough-to-be-dangerous-report/ https://insideouttrading.com/schedule-a-call-with-brian/ https://insideouttrading.com/ About the podcast https://podcasters.spotify.com/pod/show/brian-mcaboy8 https://podcasts.apple.com/us/podcast/consistent-profits-podcast/id1677400820 https://www.youtube.com/playlist?list=PLWBHY_-GTmgEQmz302Iog3bi5xnIF1xyZ https://podcasts.google.com/feed/aHR0cHM6Ly9pbnNpZGVvdXR0cmFkaW5nLmNvbS9ibG9nL2NhdGVnb3J5L3VuY2F0ZWdvcml6ZWQvZmVlZC8 https://radiopublic.com/consistent-profits-podcast-6Bx9yM https://www.iheart.com/podcast/269-profit-by-design-trading-p-109844703/ How to connect  Website - https://indextrader.com.au/ Books -https://www.amazon.com/Books-Brent-Penfold/s?rh=n%3A283155%2Cp_27%3ABrent+Penfold What’s important to you about trading?  Comment below
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Oct 19, 2023 • 31min

035 – Interview w Richard Friesen MindMusclesforTraders.com

Richard works with independent and professional traders who want to increase their consistent profits. His neuroscience-based Mind Muscles™ model gives his clients the opportunity to reach their goals with online training, simulations, interactive exercises, group support, and real-time decision processes. Richard has been a futures broker for Merrill Lynch, a floor trader on the CME, CBOT and the options floor of the Pacific Exchange where he built and sold a successful options trading firm. He also founded and built a financial software company and is the inventor of ten significant trading interface patents. This combined with his Master’s Degree in Clinical Psychology, NLP Master’s certification, and neuroscience focus, brings a unique framework to trading success. Show Notes Richard's extensive experience in the trading world, including his roles as a futures broker, floor trader on various exchanges, and his entrepreneurial ventures in the financial industry. He explains how his background in philosophy and psychology led him to focus on self-awareness and mindset in trading. He introduces the concept of the pyramid, detailing the layers of knowledge, skill, beliefs, behaviors, and identity, and how these psychological aspects impact a trader's success. He shares a personal story about a limiting belief related to his worthiness as a trader and how he overcame it through self-awareness and a shift in mindset. We discussion about specific limitations in trading, often rooted in childhood experiences or beliefs. How to utilize NLP techniques and hypnotherapy to uncover subconscious beliefs and physiological responses related to trading. Techniques to release emotional trauma and limiting beliefs, allowing clients to move towards new, positive behaviors. Richard introduces the Mind Muscles model, designed to identify and address limiting beliefs and behaviors. Origin story of the Mind Muscles model, starting from his personal experiences and expanding to work with traders on various trading floors. Discussion on the prompt that led Richard to write his book, "The Private Conversation with Money." 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/ 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://mindmusclesfortraders.com/ On Instagram – https://www.instagram.com/mindmusclesacademy/ On Twitter - https://twitter.com/RichsReframes On YouTube - https://www.youtube.com/channel/UCL9Gb0M6GpCREJp5uHJHj5A On Amazon - https://www.amazon.com/dp/B09M5XYT8Z What’s important to you about trading?  Comment below
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Oct 12, 2023 • 48min

034 – Interview w Chaz Horn of B2BClientsNow.com

Now this might sound a little bit odd for me to have a B2B Sales specialist on the show for traders, but there are parallels between the occupations and they share some similar challenges.  Chaz is an expert in sales and there are some things you can learn from him in his sales endeavors that you can immediately put to use in your trading for significant gain. Like trading, sales is a performance activity that operates in an ever-changing environment, one that requires skills, structure and mental toughness, so I was really excited to get Chaz on the show to share some of his expertise and perspectives, and discuss how they can be applied in the trading realm.  In his business, he’s helped his clients schedule over 37,000 qualified meetings and a proven process to onboard over 7,500 new clients.  His approach and views are effective, repeatable and broadly applicable. Show Notes ·        Chaz shares how he entered the sales industry out of desperation after losing his job as a contractor in Northern California. ·        He emphasizes the importance of overcoming past failures and focusing on one's future potential to build confidence and shift mindset. ·        He discusses the challenges of rejection in sales and explains how to handle rejection and "think it overs." ·        The concept of a formalized process for tracking client progress and addressing their needs. ·        The importance of proactive communication with clients, providing a structured approach for feedback and improving customer relationships. ·        Brian and Chaz discuss the challenge of self-sabotage, specifically in the context of trading, and how to deal with it. ·        The importance of humility, asking for help, and surrounding oneself with the right peer group to enhance personal and professional growth. ·        Chaz shares his experience of overcoming imposter syndrome and the 3D process he uses to shift his perspective and process his emotions effectively. ·        He introduces his TTABS framework (Tactics, Techniques, Attitude, Behaviors, and Strategy) to help salespeople improve their consistency.   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/ ·        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 - www.B2BClientsNow.com  ·        On Linkedin  - https://www.linkedin.com/in/chaz-horn/ ·        On YouTube - https://www.youtube.com/channel/UCRgRcHV76K01cNSIGk9Bf4Q What’s important to you about trading?  Comment below

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