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SteadyTrade

Ep 45 - Emotional Blowup

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 25 June 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

Episode 45

Transcript

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0:00.0

This is episode 45 of the Steady Trade podcast with your host, Tim Bowen.

0:11.4

I don't know if we've ever really dialed in on the emotional roller coaster that trading is.

0:19.6

And Stephen Johnson.

0:20.6

Probably one of the most controversial episodes yet.

0:25.7

Right.

0:26.4

Because Stephen almost quit the podcast.

0:29.5

Because, in the words of a broken heart and a busted account.

0:35.3

I don't know if we've ever really dialed in on the emotional roller coaster that

0:42.9

trading is. Probably one of the most controversial episodes yet. But thankfully, Stephen did come back

0:51.9

and come home to us, darlings. So that's what you're going to hear in today's episode.

0:57.0

So if you tuned in for the second half of the Tim Gratani interview, don't worry.

1:01.9

We'll get back to that next week.

1:03.5

But first, let's dip into the listener mailback.

1:07.2

Today's question, what is the most common mistake made by beginning traders?

1:14.0

It's not a lack of discipline and too much emotion, is it?

1:18.3

So, Stephen, I got a question from Bill from Tallahassee.

1:22.8

He asked, and it's a good question, what is, in your opinion, I know you, you are obviously a new

1:29.2

trader recently and you talked to a lot of newer traders from your YouTube and stuff. What is

1:33.6

the most common mistake by a beginning trader? Yeah, by far the most common and by far the biggest,

1:44.0

and I made it constantly as well and you'll make it

1:46.3

over and over and over is trying to be the drag of all trades no pun intended and the master of none

1:53.2

so many people try and take on the crazy crazy world of trading and all of its variables and nuances all at once.

...

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