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SteadyTrade

Ep 162: Everyone's Day Trading Now

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 25 August 2020

⏱️ 45 minutes

🧾️ Download transcript

Summary

It’s the age of day trading. The market is HOT right now.The trend of turning to day trading during times of economic uncertainty is nothing new. The financial crash of 2007–2008 brought a huge influx of new traders to the market … including SteadyTrade co-host Tim Bohen!Now, the same thing’s happening. But like most things during the COVID-19 pandemic, the volume’s been turned up.There are a ton of new traders ... So is that a good thing or a bad thing? Today, Tim and co-hosts Kim Ann Curtin...

Transcript

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0:00.0

I would say the real risk in the game is for people around two years, three years in. When the thinking that they've got it, they're starting the size of, and on a sudden... Yeah, I remember those days. Yeah, I know. I mean, I still may be in those days. I'm not sure. I'm hoping that I'm out of them. But you have a 2K month, the 3K month, the 2K month, and then you lose 20 grand. And you just think what the hell just happened? And then you need a reevaluing thing that's trading for me. Do it. So can I go through this game 12 more months to make this money back? As you know, you can, but you don't know if you can trust yourself. And that's where trading's risky.

0:40.5

In the early days when you're living with a small account,

0:41.8

I think for me, people are trading,

0:42.8

real trading doesn't matter.

0:44.3

As long as you're trying to small.

0:46.3

The real risk is when you think you're talking about it.

0:52.0

You're listening to the Steady Trade podcast.

0:58.5

A podcast that inspires traders to make meaningful strides and pursue their passions.

1:05.3

Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro, Kim Ann Curtin, the Wall Street coach, and Stephen Johnson, the up-and-coming trader who's always willing to learn.

1:11.0

Together, we'll sit down with experts to talk about their process, the up-and-coming trader who's always willing to learn. Together, we'll sit down with experts to talk about their process, the lessons they've

1:15.9

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

1:22.7

Welcome back to the Steady Trade podcast, everyone.

1:26.6

Back here with Kim, back here with Stephen, you know, we've came up with a topic that I think that is maybe on the tip of many of your brains or tip of your tongues or I'm sure I botched that phrase.

1:40.0

But you know what I mean?

1:41.0

You're thinking about it.

1:42.6

Many of you are probably coming to this podcast because you see these wild moves.

1:47.5

Everyone's talking about the market.

1:49.2

There's so much going on.

1:51.3

And I mean, me personally, and obviously Kim and Stephen will have their time to speak their piece too.

1:57.1

But I mean, just for me, it's just I started day trading in 2007 the the the financial crisis okay

2:05.0

I came to the markets because of the big market crash back then back during the financial

2:10.7

crisis all the bailouts and I I came to the market because I was like whoa it's madness and you know

...

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