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SteadyTrade

Ep 135 - How to Choose Yourself with James Altucher

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 11 February 2020

⏱️ 62 minutes

🧾️ Download transcript

Summary

In case you’ve been living under a rock, James is an incredibly inspiring entrepreneur, investor, wildly popular podcaster, and the author of the Wall Street Journal bestselling book “Choose Yourself! Be Happy, Make Millions, Live the Dream.” He’s also a stand-up comedian, chess master, and has great hair. He’s also brutally honest, and he’s had plenty of failure along with his successes. According to his website, “I’ve started 20 companies, 17 of which have failed. But I’ve learned a lot a...

Transcript

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0:00.0

Always ask yourself, what is my edge?

0:05.4

Because when you're day trading from your basement at home, there's another 100 million people who are competing against you.

0:13.2

And it is a competition.

0:15.2

If you're day trading and another person is day trading on the other side of your trade, one of you will win and one of you will

0:21.1

lose. Now, there's arguments to suggest that day trading is not always a zero-sum competition

0:26.5

that everybody could win because some people will have different timeframes like a long-term

0:31.2

investor might be liquidating his or her portfolio and you benefit from that by day trading

0:37.2

it. So I'm not saying it's me versus them, but a lot of the daily activity in the market is

0:43.3

a me versus them.

0:46.3

You're listening to the Steady Trade podcast, a podcast that inspires traders to make meaningful strides and pursue their passions.

0:57.1

Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro, Kim Ann Curtin, the Wall

1:03.2

Street coach, and Stephen Johnson, the up-and-coming trader who's always willing to learn.

1:08.9

Together, we'll sit down with experts to talk about their process, the lessons they've

1:13.8

learned, and discuss how all traders can level up their trading careers.

1:20.0

Welcome back to the Steady Trade podcast, everyone.

1:23.2

I am your host, Tim Bowen.

1:25.7

Got an amazing episode for you today.

1:30.3

You know, I kind of, we talk about it in the podcast, but I have been a huge, huge fan of today's guest.

1:38.0

And I really kind of look back when I was getting started on my, on multiple journeys.

1:46.8

First of all, my day trading journey i found our our today's guest early in my day trading career and then also when i was looking to

1:53.8

really kind of make that change um many of you if you've listened you know i sold my business

1:59.9

um g seven years ago now but uh you

...

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