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SteadyTrade

Ep 119 - Real Trading with Tom Canfield

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 15 October 2019

⏱️ 51 minutes

🧾️ Download transcript

Summary

Tim gets real with Tom Canfield

Transcript

Click on a timestamp to play from that location

0:00.0

This is episode 119 of the Steady Trade podcast with your host, normal stable old guy, Tim Bowen.

0:13.6

It seems odd in the world of online traders.

0:17.8

It's either like really young, gun-slinging bros, or it's like old, bitter, divorced guys.

0:25.2

Today, Tim sits down with another normal, stable old guy, Tom Canfield.

0:30.4

I'm 53, and I've been doing this for 23 years, and every morning I still wake up,

0:35.1

and then I'm excited to come down and see what Santa has,

0:38.0

you know, under the tree for me for that day. And together they talk about things like this. From a quality of life standpoint, it's unbelievable. Like I'm in cash now and I'm done for the day and I don't care what the market does and I won't care what the market does tonight. And this. For those that do follow me, you know, I don't talk a lot about how I trade. Right. And I don't talk a lot about trading strategy and all that, because I don't think it matters. And this. You'll be amazed at how dysfunctional you become when all of a sudden you really have to make money. Well, why did you take a position size three times as large as you normally taking that trade?

1:13.3

When all the signals said, it's not probably a good trade to take.

1:16.1

Let's talk about that.

1:17.2

Why did you do it?

1:18.6

Yes, it's another great episode of Steady Trade.

1:21.6

Right, Tim?

1:22.6

Welcome back to the Steady Trade podcast.

1:24.7

Today we have a guest I've been looking forward to for years. Tom Canfield

1:29.3

definitely follow him on Twitter. We actually talk about this a little bit in the podcast.

1:37.2

Him and I both are long-term veterans of FinTwit, as they say, and we both kind of get into a

1:43.8

off on a tangent about how it has

1:46.0

kind of degraded over the years. But I tell you, Tom is a must follow. You know, 100% positive,

1:52.4

100% useful information. And a sea of noise, he's a great follow. So be sure to look at that

1:58.1

link below and follow him. That being said, I loved this podcast because it was, I guess, for lack of a better term,

2:07.2

what real trading is about.

2:10.4

I mean, Tom started out, you know, going into this with very little guidance.

...

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