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Chat With Traders

058: Paul Singh – Planning and Preparation: Failing to Plan is Planning to Fail

Chat With Traders

Kevin Avery

Investing, Education, Business

4.82.3K Ratings

🗓️ 4 February 2016

⏱️ 54 minutes

🧾️ Download transcript

Summary

This week I spoke with Paul Singh, a long-time trader who has been doing this since his college days. Over the years he’s traded stocks, options and futures, but now tends to focus purely on stocks. In fact, Paul actually began trading during the ‘dot com boom’ and quickly racked up huge profits – he was living large in a penthouse, his neighbors were professional athletes, and all was good …until the bubble burst, and that’s when he returned to square one. So, during this interview we discuss; the light-bulb moments and changes he made to his trading which helped him to achieve sustainability and consistency. We talk about how he transitioned into full-time trading, why you should be cautious of micromanaging positions, and overall; how to be a better swing trader. It’s worth mentioning, there’s also something within this interview for day traders, because Paul is very active on an intraday timeframe too. 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,

0:33.4

successfully complete the evaluation, and get funded.

0:36.8

Visit tradethepool.com forward slash chat to learn more.

0:44.6

Markets, speculation, and risk.

0:47.3

This is the Chat with Trader's podcast, hosted by Aaron Feifield.

0:53.5

Okay, what's up, team?

0:54.8

Thanks so much for joining me on Episode 58.

0:57.4

I'm your host, Aaron Feifield, and this week,

1:00.0

I spoke with Paul Singh.

1:02.2

Paul is a longtime trader who has been doing this

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