019: Stuart McPhee – How to Form the Basis of a Solid Trading Plan—and Follow it With Absolute Discipline

Chat With Traders

Kevin Avery

Investing, Education, Business

4.8 • 2.3K Ratings

🗓️ 7 May 2015

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

I’m not sure how it happened, but this interview somehow slipped through the cracks. I actually had the conversation with this weeks guest around November last year (2014), and it’s been tucked away in a folder ever since. But let me introduce you to this weeks guest – Stuart McPhee from Melbourne (Australia), he’s an equities and forex trader who has been involved with the markets for around about 20 years. And he is also the Author of ‘Trading in a Nutshell’. Our discussion was heavily based around trading plans, covering things like, what exactly is a trading plan, how to create one, and then the trickiest part of all – how to actually follow it with discipline. Actually, Stuart shares a very simple discipline hack that will help you to follow your plan for the long term, not just the next week or so. Even though it’s taken a while to surface, I’m pleased to finally share this interview with you. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with traders is sponsored by Trade the Pool.
0:03.6	Our concerns about limited buying power, insufficient capital,
0:07.3	or fear of losing your own money,
0:09.5	preventing you from advancing your trading capabilities.
0:12.4	Trade the Pool is an online stock trading prop firm
0:15.8	that offers funding for stock traders.
0:18.1	Demonstrate your skills, trade their capital,
0:21.0	and keep your profits.
0:22.5	You can engage in intraday trading,
0:24.9	and now swing trading on Trade the Pool.
0:27.8	With any US stock or ETF,
0:30.3	the procedure is straightforward.
0:31.9	Pay in evaluation fee, successfully complete the evaluation,
0:35.8	and get funded.
0:36.8	Visit TradeThePool.com forward slash chat to learn more.
0:57.8	Here's your host, Aaron Feifield.
1:01.6	Hey, what's up, team?
1:10.4	Welcome back.
1:11.4	It's awesome to have you tuned in
1:12.8	and listening to episode 19 of the Chat with Trade's podcast.
1:17.3	Now, not sure how this happened,
1:19.0	but this interview somehow slipped through the cracks.
	...

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