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Ep 215: Addicted to Trading: Identify Your Demons Before You Hit Rock-BottomAddicted to Trading: Identify Your Demons Before You Hit Rock-Bottom

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 31 August 2021

⏱️ 31 minutes

🧾️ Download transcript

Summary

There’s something many newbie and veteran traders have in common — they’re addicted to trading. It’s all too easy to fall into the trap.Hosts Kim Ann Curtin and Stephen Johnson continue with part two of their four-part series on common trading errors. This episode gets into what happens when we lose discipline and fall into overtrading. Look, trading’s fun … It’s easy to get addicted to trading. But sometimes we regret it afterward.We can start the day with the best intentions, all the c...

Transcript

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0:00.0

Yeah, no, I totally agree. And I think definitely if you're doing that, and you realize, like,

0:06.8

I've just took a bunch of shifty trades today. I guess I think it's a good, it's a good idea to ask

0:11.8

why and try and fill that void a little bit. Or be more proactive and ask why you're taking the

0:17.5

trade before you take every trade that day. And look, like, you don't have to do it all the time.

0:21.6

You're never going to do it all the time.

0:22.6

But at least do it once a week when you notice you're in that cycle and break the cycle.

0:27.8

Yeah.

0:28.2

At least do it once for one day.

0:30.3

I'm probably going to write it on me wall after this.

0:33.2

Good.

0:33.8

What is the reason?

0:34.8

Why are you doing this?

0:40.1

You're listening to the Steady Trade Podcast.

0:44.7

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

0:50.9

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.

1:02.8

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.

1:13.5

Welcome back, everybody, to the Steady Trade podcast. This is a mini series that Stephen Johnson

1:20.2

and I, Kim and Curtin, are putting together for you. Almost two years ago, Stephen Johnson

1:26.2

and I did a similar four-part series.

1:28.8

So if you haven't seen that one, you should check it out.

1:31.3

It's probably 2020, yeah.

1:38.2

2019, maybe.

...

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