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. This provides financial stability and ensures that the trader is well-prepared and confident in their trading abilities.
- We discuss the importance of having a well-defined trading plan, reflecting Louise’s engineering background and Brian’s emphasis on structured thinking. They agree that specificity and planning are crucial to trading success.
- Louise mentions the need for emotional self-awareness and support systems. Traders should recognize personal emotional warning signs and seek feedback from mentors or coaches to address both system and emotional issues.
- Brian highlights risk management as fundamental to maintaining a full-time trading career. He likens trading to an infinite game where the objective is to stay in the game regardless of market conditions.
- Louise suggests that traders should define their personal purpose and motivations. Understanding one’s deeper reasons for trading can help in navigating challenges and maintaining commitment.
- 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. Gaining proficiency and confidence through skill development helps mitigate the stress and uncertainty often associated with 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
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