Ep 188: Can Retail Traders Really Beat Wall Street at Its Own Game?
SteadyTrade
SteadyTrade.com
4.6 • 589 Ratings
🗓️ 23 February 2021
⏱️ 77 minutes
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| 0:00.0 | The most important thing is you've got to be switched on at all times. |
| 0:04.2 | You've got to be, it takes a lot of mental capital to be extremely disciplined at all times. |
| 0:09.8 | Because if you slip up for a second, longer short, you make one error long and short. |
| 0:14.0 | Like you'll be punished beyond measure. |
| 0:15.9 | Like the potential punishment, if you make one small mistake, is huge. |
| 0:20.1 | So it's very easy to make, not very easy. |
| 0:22.0 | It's easier to make money long. It's easier to make money short. But it's also much easier |
| 0:26.2 | to get very badly punished for a mistake because the volatility is insane. That's why I just say, |
| 0:31.2 | you know, that's that whole bus station analogy I mentioned all the time. I'm like to me, |
| 0:35.7 | now it takes discipline, |
| 0:41.6 | but to me it's never been easier to get stopped out. |
| 0:42.3 | Okay. |
| 0:43.9 | And that might sound weird, |
| 0:47.0 | but it's like, to me, it's just like, take the stop. |
| 0:53.0 | You're listening to the steady trade podcast. |
| 0:59.5 | A podcast that inspires traders to make meaningful strides and pursue their passions. |
| 1:11.5 | 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. |
| 1:16.9 | Together, we'll sit down with experts to talk about their process, the lessons they've learned, and discuss how all traders can level up their trading careers. |
| 1:22.4 | All right, welcome back, everyone, to the steady trade podcast back here with Kim and |
| 1:26.5 | Stephen. |
| 1:29.3 | Man, it is interesting. Sometimes it's better to be lucky than good um we happen to just this is our normal scheduled |
| 1:34.7 | time we record typically on wednesday afternoons and we're recording on i mean |
... |
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