As a trader, YOU are the most important part of your trading, and who you ARE as a trader makes all the difference in your results. In this interview, Brian discusses with Trent of Drink Forex the various traits, habits and perspectives that differentiate those who make consistent profits easily versus those that struggle indefinitely. It’s a little bit of a flashback from the past, but still very pertinent today and should help you improve your trading results. Enjoy!
Show Notes
- The significance of the psychological aspect of trading. Emotions such as fear, greed, and overconfidence can significantly impact trading decisions and outcomes.
- The importance of proper preparation and training before trading with real money.
- The “Peter Principle,” which suggests that individuals will rise to their level of incompetence, is applied to trading. This principle underscores the importance of assessing one’s skills and readiness before advancing to live trading.
- We delve into the essential qualities and skills required for success in trading. Attributes such as discipline, patience, adaptability, and risk management are likely emphasized as crucial for traders to cultivate.
- The common mistake of transitioning from demo trading to live trading without proper preparation is explored.
- The allure of trading for financial independence is acknowledged, but the need for realistic expectations and a disciplined approach is underscored.
- The parallels between starting a business and trading are explored.
- We distinguish between a trading system and the tools used within it.
- The importance of treating trading with respect, recognizing it as a skill-based profession, and understanding the necessity of mastering the inner game for success.
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
- Twitter: https://twitter.com/DrinkForex
- YouTube: https://www.youtube.com/@drinkforex1681
What’s important to you about trading? Comment below