Making A Living Trading for Over 30 Years

In episode 445 of the Desire To Trade Podcast, we will be listening to the recording of an interview with author and trading expert, Jason Shapiro, who talks about making a living trading for over 30 years. What's the best thing a trader can do when stuck in the waiting game?

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:45 What's new with Jason
• 01:35 The waiting game is tough
• 03:28 What he does when he's not trading
• 04:11 How to wait for the right setup
• 05:08 Why does he stick with his edge?
• 07:24 Developing his trading style
• 08:24 Seeing trading as a business
• 09:46 Mindset in managing capital when trading for clients
• 12:26 The importance of intuition in trading
• 13:37 Common issues among new traders
• 14:42 Where Jason got his capital when he started trading
• 16:11 The difference between traders with normal returns and those with up & down returns
• 17:25 What a real edge?
• 18:19 Ever had an edge that doesn't work anymore?
• 19:19 Insights on setting a maximum for expected profits
• 20:37 Being on his least active trading period
• 21:39 Knowing your trading goals
• 22:17 Sticking with one system
• 22:37 Where to find Jason Shapiro (links below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Jason Shapiro

• crowdedmarketreport.com
• Twitter: @Crowded_Mkt_Rpt
• YouTube: @crowdedmarketreport

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Trading Psychology Secrets Of Wealthy Traders

In episode 444 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Pat Bailouni who shares trading psychology secrets of wealthy traders. Learn the mindset you need to stop and develop to become a profitable trader.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:38 What’s new with Pat
• 01:09 The psychology of trading
• 03:14 Traders' expectations
• 05:31 Beginners stuck in a mindset of trying to flip things quickly
• 07:00 How do you handle the pressure that comes with trading?
• 11:12 Why diversification is important
• 11:58 Some people see everything as a scam
• 13:46 Key pillars of a good trading mindset
• 18:38 Traders making predictions and having unrealistic expectations
• 25:38 The value of trading coaches and mentors
• 26:26 Common mistakes traders make
• 30:15 On different ways to trade
• 35:14 Intuition in trading
• 36:10 Where to find Pat Bailouni (links below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Pat Bailouni

• YouTube channel:  @PatBailouni 
• Instagram: @masteryourtradingmindset

Resources mentioned:
Day Trading Quickstart Guide
Forex Trading Quickstart Guide
12 Power eBook

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Make Money "Trading Like A Business"

In episode 443 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Brian McAboy who talks about how to make money "trading like a business". Scaling up can be a challenge. When you trade like a business, how does it affect your account growth?

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:50 Updates about Brian McAboy
• 02:15 The difference between people who stay profitable short-term and long-term
• 04:39 How to see trading as a business
• 07:00 Valuing your time as a trader
• 13:35 Scaling up from a $5,000 to $500,000 account
• 14:57 Is a $50,000 account doable within a couple of weeks to a few months?
• 16:26 Insights on prop firms
• 19:00 Responding to people who need to build confidence
• 24:14 When it comes to strategies, how do you filter through all the noise?
• 26:25 Working with trading psychology better
• 33:47 Where to find Brian McAboy (links below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Brian McAboy

• InsideOutTrading.com
• YouTube Channel: @TraderBrian

Resources mentioned:
Day Trading Quickstart Guide
Forex Trading Quickstart Guide
12 Power eBook

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Ex-Pit Trader’s Profitable Trading Secrets

In episode 442 of the Desire To Trade Podcast, we will be listening to the recording of an interview with ex-pit trader and author Brad Schaeffer as he talks about profitable trading secrets. Get valuable tips and know what to avoid as a trader - straight from the legend, himself!

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:39 How did you start trading?
• 03:46 How did you know this is a good career for you?
• 05:06 Brad's memorable trade
• 07:53 Trading for a living
• 10:28 Moving from trading on the pit to trading on your own
• 12:06 Brad's trading style
• 15:27 Common things in trading that you don’t agree with
• 17:30 Do you focus more on reversals?
• 18:23 Finding your niche
• 19:26 What made you like trading energy?
• 21:32 What kind of timeframe do you focus on?
• 22:21 Common mistakes that people fall into
• 24:13 Mistakes traders make that prevent them from getting to a good level
• 26:32 Do you think anyone can be a trader?
• 28:22 How to filter the noise of the market
• 30:35 Information on Brad's books (link below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Brad Schaeffer

• Brad's Book: Life In the Pits

Resources mentioned:
Day Trading Quickstart Guide
Forex Trading Quickstart Guide
12 Power eBook

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Trading Psychology Expert Reveals The Truth

In episode 441 of the Desire To Trade Podcast, we will be listening to the recording of an interview with trading psychology expert, Mandi Pour Rafsendjani, as she reveals the truth! Does your current mindset sabotage your trading results? Learn the winning mindset of successful traders today!

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:52 What’s new with Mandi?
• 03:28 How do new traders handle the pressures that they have with prop firms?
• 06:48 Effects of prop firms' time limit on traders
• 09:45 The dynamics of taking losses in and outside of prop firms
• 12:46 Traders spending money on the market instead of getting proper coaching
• 16:54 Understanding the importance of backtesting
• 21:37 Not backtesting because the strategy "won't work out"
• 24:43 Switching from a tried and tested strategy to a new strategy
• 28:36 Traders expecting wins then giving up after some losses
• 30:37 Accepting or getting used to losses
• 34:19 How to maintain good money management on a losing month
• 38:17 Teaching yourself self-reliance on a smaller scale
• 43:10 The truth about "If you can do this on $1000, then you can do it on $500,000"
• 45:27 Training yourself to be more comfortable trading bigger amounts
• 47:39 Talking to traders trading big accounts can make a big difference
• 48:24 Where to find Mandi Pour Rafsendjani (links below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Mandi Pour Rafsendjani

• tradingpsychology.com.au
• highperformancetrading.com.au
• Twitter: @MPX_trader

Resources mentioned:
Day Trading Quickstart Guide
Forex Trading Quickstart Guide
12 Power eBook

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Secrets From 30 Years Trading For A Living

In episode 440 of the Desire To Trade Podcast, we will be listening to the recording of an interview with trading system developer, Troy Noonan, who shares secrets from 30 years of trading for a living. He really knows how to treat trading like a business.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:28 Who is Troy Noonan?
• 01:40How he started trading
• 03:56 What happened after his first good trade?
• 08:09 Going from live room to free open trading
• 09:59 Do you move to higher time frames for your trades when you want to have more freedom?
• 11:28 Troy's trading setup (see the video)
• 18:49 Basing your trades on data
• 23:42 How to find enough trades
• 30:26 Seeing trading as a hobby and not a business
• 31:44 Would you apply the same review process for swing trading and day trading?
• 36:30 People often expect to profit from trading and don’t expect to lose some money in it.
• 38:26 Where to find Troy Noonan (links below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Troy Noonan

• Troy's email: troy@backpacktrader.com
• backpacktrader.com

Resources mentioned:
Day Trading Quickstart Guide
Forex Trading Quickstart Guide
12 Power eBook

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Secrets To Get Funded 6-7 Figures in 2024

In episode 439 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Michael Toma and he shares secrets to get funded 6-7 figures in 2024. Listen to experienced traders discuss things you need to know about prop firms this year.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:54 Where are you with prop firms these days?
• 02:21 Knowing when you’re ready to scale up
• 03:46 How to figure out if you’re good enough to pass the challenge
• 04:55 Key pillars in risk management
• 06:31 Thoughts on the moving average strategy
• 07:41 Going above and going below is a bit unreliable
• 08:30 What about drawdowns?
• 09:47 Difference between options for drawdowns in prop firms
• 10:55 How do you fix it when you fail a prop firm challenge?
• 13:14 Common mistakes people make
• 14:34 Picking the right timing
• 16:52 Michael's opinion on backtesting
• 18:55 The future of prop firms
• 21:13 Difference between private capital and prop firms
• 22:47 Risk-reward - 1:1 vs 5:1
• 24:23 Higher win rate builds confidence
• 25:44 How to become Michael's student (link below)
• 27:05 Expert advisors (EA) trading
• 29:34 What is the best place to convert my strategies into algos?
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Michael Toma

• DesireToTrade.com
• Desire To Trade Ultimate Prop Firm Trading Program

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Story of a Professional Trader Since 1971

In episode 438 of the Desire To Trade Podcast, we will be listening to the recording of an interview with trading legend, Stan Ehrlich, who shares his story as a professional trader since 1971. Take your trading to the next level with the inventor of the Ehrlich Cycle Finder.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:43 How Stan began trading
• 10:17 Do you use the same principles back then till now, or do you use different things?
• 19:29 Using engulfing candles (check the video for the screen share)
• 32:15 Looking at forex
• 33:31 Do you have targets for this, or do you just let it run?
• 35:41 USD-SGD
• 38:16 USD-MXN
• 40:30 USD-THB
• 41:00 Stan's extensive trading experience
• 47:22 Where to find Stan Ehrlich (link below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Stan Ehrlich

• Email: info@ersignals.com

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Day Trading High-Accuracy Fundamentals For A Living

In episode 437 of the Desire To Trade Podcast, we will be listening to the recording of an interview with fundamental trading expert Kathy Lien, and they talk about day trading high-accuracy fundamentals for a living. Learn a different way of seeing the market.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:47 What’s changed since we last spoke?
• 05:51 What makes a strategy that doesn’t have to be changed over time?
• 10:40 Trading the Asian session
• 15:30 Instruments Kathy uses in trading
• 17:32 Kathy's thoughts on prop firms
• 23:42 People have to be ready for a prop firm account
• 24:53 Does she recommend traders to do a demo or a live account?
• 25:47 More about fundamentals
• 29:27 Do you feel like fundamentals can be subjective or objective?
• 31:27 Judging the impact of a theme on the market
• 33:27 What are some of the big themes in 2024 and how will it affect the market?
• 35:37 Would that mean Kathy would trade more?
• 36:26 How to learn fundamentals
• 37:46 Where to find Kathy Lien (links below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Kathy Lien

• YouTube channel: BKForex
• www.bktraders.com

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

The Legend Trading Using Astrology & Making Profitable Predictions

In episode 436 of the Desire To Trade Podcast, we will be listening to the recording of an interview with the legend, Norm Winski, who talks about trading using astrology and making profitable predictions.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:43 Norm's trading focuses these days?
• 03:37 What brought Norm to trading in the first place?
• 07:33 Looking at astrology for trading
• 09:03 Gann's 1948 May Soybean Chart (watch the video to see screen)
• 12:43 Why new moons are important for currencies
• 15:54 How someone who uses technicals use Norm's information for better trading
• 16:54 Playing stocks with Norm's method
• 18:02 Using Gann’s principle for trading?
• 20:03 How to find Norm Winski (link below)
• and much more

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

• • Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
  • Subscribe via Stitcher
  • Subscribe via TuneIn
  • Subscribe via Google Play
  • See all podcast episodes

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

Where to find Norm Winski

• www.astro-trend.com

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!