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SteadyTrade

Ep 214: What Really Works? Directionless Trading vs. Developing a Strategy

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 24 August 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

Can you succeed as a trader without developing a strategy? Hosts Kim Ann Curtin and Stephen Johnson start a four-part series to address common trading errors. In this episode, it’s all about approach. Some newbie traders start out trigger-happy. They hope their instincts will be enough to succeed in trading right from the start. Stephen admits he was like that.Others are gun-shy … They study a lot and still don’t feel like they have enough knowledge. But if they don’t make trades, t...

Transcript

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0:00.0

But let's talk about the person who has done their homework, who has spent lots of time studying,

0:07.2

who does have a level of knowledge where it is time for them to jump in.

0:13.7

What, you know, do you remember when you began?

0:17.9

Was that ever, did you ever experience that?

0:20.8

You were trigger happy.

0:22.1

Okay.

0:22.5

With a $300 on a trade and I didn't know what I was doing.

0:25.4

Yeah, got it.

0:26.6

So I probably fit more in the gun shy where I feel like no matter how much I know it's not enough, I have to know more.

0:38.3

You're listening to the Steady Trade podcast.

0:42.8

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

0:49.2

Your hosts are Tim Bowen, the lead trainer at Stocks to Trade Pro,

0:53.6

Kim Ann Curtin, the Wall Street coach,

0:56.4

and Stephen Johnson, the up-and-coming trader who's always willing to learn. Together, we'll sit down

1:02.3

with experts to talk about their process, the lessons they've learned, and discuss how all

1:07.5

traders can level up their trading careers.

1:16.6

Aloha, everybody. Welcome back to the Steady Trade podcast.

1:22.1

This is a four-part series that Stephen Johnson and I are going to do.

1:26.3

Stephen and I did this almost two years ago.

1:31.3

I think Stephen is two years ago that we did this four-part series, right? It's a long time.

1:33.0

So we're going to do four-part series for you guys.

1:35.8

This would be kind of, you know, 20 to 30 minutes.

...

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