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    How to Start Creating Extra Income

    en-usNovember 22, 2018
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    About this Episode

    Recent Episodes from How To Trade It: Trader Insight from Profitable Traders

    Translating lessons from fatherhood to business skill with Casey Stubbs

    Translating lessons from fatherhood to business skill with Casey Stubbs

    Summary

    Casey Stubbs, a former US Army veteran, shares his journey from military service to becoming a successful business owner and trader. He emphasizes discipline, time management, and team-building. Casey also reflects on starting and closing his first business, learning from failure. 

    His trading strategy involves investing in leading companies like Nvidia. Throughout the conversation, he highlights Microsoft’s impact on gaming, the value of vision, and the importance of relationships, family, and integrity in business and personal life. Remaining humble is key to successful trading.

    Takeaways

    • Lessons from fatherhood, such as maturity, work ethic, and teamwork, can be applied to business and trading.
    • Investing in leading companies and focusing on high-priority tasks can yield significant results.
    • Building a strong team and surrounding yourself with great people can lead to greater success. Invest in the best companies in new industries.
    • Having a vision and avoiding complacency is key to success.
    • Build strong relationships and prioritize family.
    • Maintain a mindset of discipline and integrity in trading.

    Chapters

    00:00
    Introduction to Casey Stubbs

    01:23
    Experience in the United States Military

    03:14
    Starting a Family

    05:09
    Lessons from Fatherhood

    08:00
    Parenting Skills in Business

    09:27
    Time Management and Discipline

    11:48
    Building a Team

    12:42
    Starting the First Business

    13:12
    Lessons from First Business Failure

    15:05
    Return to Trading

    21:24
    Investing in Nvidia

    23:18
    Nvidia's Success and Catalysts

    25:12
    PC Gaming Experience

    26:09
    Microsoft's Impact on Gaming and Investing

    27:07
    Investing in New Industries

    28:05
    Lessons from McDonald's Success

    29:05
    Starting Over and Having a Vision

    29:48
    The Importance of Avoiding Complacency

    30:23
    Lessons from Trading Journey

    31:11
    Overcoming Challenges in Business

    33:01
    Finding Fulfillment in Work

    34:17
    Core Values: Relationships, Family, and Integrity

    36:42
    The Importance of Relationships in Business

    39:30
    Solving Trading Problems: Mindset and Discipline

    46:28
    The Value of Remaining

    Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.


    Support the show

    Connect with Casey:









    What is Shibarium? Everything you need to know about and why you should care

    What is Shibarium? Everything you need to know about and why you should care

    Summary

    In this episode, Casey Stubbs introduces Shibarium, a layer 2 blockchain built on the Ethereum network. He explains the benefits of Shibarium, such as faster and cheaper transactions compared to the Ethereum network. 

    Casey shares his experience with Shibarium, including trading, investing in tokens, and participating in token launches. He also discusses the opportunities in Shibarium, such as decentralized exchanges, staking, and earning rewards through NFTs.

    Casey emphasizes the importance of caution and research in the crypto space due to the risk of scams. He concludes by highlighting the potential of Shibarium and its Web3 capabilities for privacy.

    Takeaways

    • Shibarium is a layer 2 blockchain built on the Ethereum network, offering faster and cheaper transactions compared to Ethereum.
    • Opportunities in Shibarium include trading, investing in tokens, participating in token launches, and earning rewards through staking and NFTs.
    • Caution and research are essential in crypto to avoid scams and protect investments.
    • Shibarium has the potential to grow significantly, with its Web3 capabilities providing privacy and accessibility.


    Chapters

    00:00
    Introduction to Shibarium

    01:00
    Shibarium as a Layer 2 Blockchain

    02:26
    Personal Experience with Shibarium

    04:00
    Opportunities in Shibarium

    06:25
    Decentralized Exchanges in Shibarium

    07:51
    Staking and Earning Rewards in Shibarium

    09:20
    NFTs in Shibarium

    12:05
    Token Launches and Telegram Groups in Shibarium

    13:43
    Risks and Caution in Crypto

    14:40
    The Potential of Shibarium

    16:08
    Web3 and Privacy in Shibarium

    17:34
    Conclusion and Recommendation

    Support the show

    Connect with Casey:







    My Top Five Ways to Become Successful in Trading

    My Top Five Ways to Become Successful in Trading

    Summary

    In this episode, Casey shares his top five ways to become successful in trading. These include education and continuous learning, planning and strategy, risk management, emotional discipline, and market analysis. He emphasizes the importance of continuous education and learning, not necessarily through formal degrees, but through reading books and trading courses. Casey also highlights the need for a well-thought-out plan and strategy and the importance of sticking to it even during losing streaks. He discusses the significance of risk management and emotional discipline in trading, and the need to understand market analysis and trends.

    Takeaways

    • Continuous education and learning are crucial for success in trading.
    • Having a well-thought-out plan and strategy is essential, and it's important to stick to it even during losing streaks.
    • Risk management and emotional discipline are key factors in successful trading.
    • Understanding market analysis, trends, and chart patterns is important for making informed trading decisions.


    Chapters

    00:00
    Introduction and Overview

    01:00
    Education and Continuous Learning

    04:23
    Planning and Strategy

    08:33
    Risk Management

    11:15
    Emotional Discipline

    14:41
    Market Analysis

    15:09
    Conclusion

    Support the show

    Connect with Casey:







    High Performance Trading Coach with Steve Goldstein.

    High Performance Trading Coach with Steve Goldstein.

    Summary

    In this conversation, Steve Goldstein, a high-performance trading coach, discusses the importance of letting go in trading and how it can be a major obstacle for traders. He emphasizes the need to move on from bad outcomes and not let fear of failure hold you back. Steve also highlights the significance of aligning your trading style with your risk profile. By understanding your risk tolerance and trading in a way that suits your personality, you can improve your trading performance.

    Chapters

    00:00
    The Importance of Letting Go

    11:30
    Discovering Your Risk Profile

    Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.


    Support the show

    Connect with Casey:









    Mastering the Markets: Deepening Success with Strategic Mentorship and Consistent Trading Practices

    Mastering the Markets: Deepening Success with Strategic Mentorship and Consistent Trading Practices

    Summary

    In this episode, Casey Stubbs discusses the importance of consistency in trading. He starts by recapping the previous episode on the benefits of having a mentor. Casey then explains the five key benefits of consistency and how to achieve it. He emphasizes that consistency improves skills, helps with risk management, builds discipline, enhances performance tracking, and leads to long-term growth and success. Casey provides tips for achieving consistency, such as setting specific goals, being accountable, and making small, sustainable changes. He also highlights the importance of building good personal habits for trading success.

    Takeaways

    • Consistency is crucial for improving trading skills and achieving success.
    • Being consistent helps with risk management and avoids impulsive emotional decisions.
    • Consistency builds discipline and enhances performance tracking.
    • Long-term growth and success in trading are possible through consistency.
    • Tips for achieving consistency include setting specific goals, being accountable, and making small, sustainable changes.
    • Building good personal habits is essential for trading success.


    Chapters

    00:00
    Introduction and Recap of Previous Episode

    01:01
    The Importance of Consistency

    02:01
    Improving Skills through Consistency

    03:16
    Consistency in Trading Plans and Risk Management

    05:15
    Consistency and Focus

    07:12
    Avoiding Emotional Trading through Consistency

    10:38
    Building Discipline through Consistency

    13:29
    Performance Tracking and Consistency

    14:59
    Long-Term Growth and Success through Consistency

    17:46
    Tips for Achieving Consistency

    22:10
    Changing Behavior and Building Good Habits

    24:46
    Conclusion and Appreciation

    Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.


    Support the show

    Connect with Casey:









    Mastering the Markets: The Power of Mentorship and Consistency in Trading

    Mastering the Markets: The Power of Mentorship and Consistency in Trading

    Summary

    In this episode of the How to Trade It podcast, Casey Stubbs discusses the benefits of having a mentor in trading. He emphasizes the importance of guidance, expertise, and personalized feedback that a mentor can provide. Casey also highlights the networking opportunities that come with having a mentor and the emotional support they offer during the ups and downs of trading. Lastly, he talks about how a mentor can help accelerate the learning curve and help traders avoid common obstacles.

    Takeaways

    • Having a mentor in trading can provide valuable guidance, expertise, and personalized feedback.
    • Mentors can offer networking opportunities and connect traders with successful individuals in the industry.
    • Emotional support from a mentor can help traders navigate the highs and lows of trading.
    • A mentor can help accelerate the learning curve and help traders avoid common obstacles.


    Chapters

    00:00
    Introduction

    00:59
    The Importance of Having a Mentor

    06:43
    Networking Opportunities

    12:01
    Emotional Support

    21:30
    Accelerated Learning Curve

    Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.


    Support the show

    Connect with Casey:









    Evolution of Trading Technology with Tony Saliba

    Evolution of Trading Technology with Tony Saliba

    Summary

    In this conversation, Tony Saliba discusses his early adoption of computing power and the evolution of trading technology. He introduces Liquid Mercury, a company that provides fourth-generation trading tools for professionals, incorporating artificial intelligence (AI) and generative AI.

    The potential impact of Bitcoin exchange-traded funds (ETFs) is explored, with the expectation that they will bring real crypto trading to the listed markets. Tony also introduces the Merc token, which offers discounts and rewards for institutional and individual investors. The conversation concludes with predictions about the future of Bitcoin and the broader digital asset market.

    Takeaways

    • Computing power has played a crucial role in the evolution of trading technology, enabling individuals to trade more efficiently and effectively.
    • Liquid Mercury is a company that provides fourth-generation trading tools for professionals, incorporating AI and generative AI.
    • Bitcoin ETFs have the potential to bring real crypto trading to the listed markets, increasing liquidity and trading volume.
    • The Merc token offers discounts and rewards for institutional and individual investors, providing additional value and incentives.


    Chapters

    00:00
    Introduction

    00:22
    Early Adoption of Computing Power

    03:17
    Liquid Mercury: Fourth Generation Trading Tools

    04:14
    Artificial Intelligence in Trading

    12:22
    The Potential of Bitcoin ETFs

    19:10
    Introduction to the Merc Token

    23:38
    Missed Opportunities with Bitcoin

    25:13
    Bitcoin Price Predictions

    32:12
    The Future of Digital Assets

    35:13
    Bitcoin Price Predictions (Continued)

    40:24
    Closing Remarks

    Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.


    Support the show

    Connect with Casey:









    My Complete Trading System for 2024

    My Complete Trading System for 2024

    In this conversation, Casey discusses his complete trading plan and system for 2024. He emphasizes the importance of planning for all aspects of life, including spiritual health, physical health, family, wealth, and relationships. Casey sets a goal of making 10 millionaires in 2024 and shares his strategies for achieving this. He also discusses his health and wellness plan, including exercise, diet, and getting a standing desk. Casey highlights the significance of nurturing relationships and staying connected with a mentor or guru. He provides an overview of his trading plan, including various strategies such as options, robots, crypto, and forex. Casey concludes by emphasizing the importance of understanding one's why and helping others achieve financial freedom.

    Takeaways

    • Plan for all aspects of life, including spiritual health, physical health, family, wealth, and relationships.
    • Set specific goals, such as making 10 millionaires in a year, and work towards achieving them.
    • Prioritize health and wellness by incorporating exercise, a healthy diet, and ergonomic work setups.
    • Stay connected with a mentor or guru and commit to learning from their expertise.
    • Develop a comprehensive trading plan that includes various strategies and stay focused on long-term success.


    Chapters

    00:00
    Introduction and Overview

    01:27
    Covering All Aspects of Life

    03:18
    The goal of Making 10 Millionaires

    06:10
    Health and Wellness Plan

    07:28
    Focus on Relationships and Spirituality

    07:54
    Overview of Trading Plan

    09:18
    Choosing the Right Trading Strategy

    10:16
    Starting with a Prop Account

    13:26
    Committing to One Guru

    16:11
    Taking a Long-Term Approach

    18:10
    Understanding the Why

    19:37
    Helping Others Achieve Financial Freedom

    19:55
    Crypto Trading Strategy

    21:01
    Analyzing Solana (SOL)

    24:34
    Investing in Altcoins
    25:50
    Analyzing Bitcoin (BTC)

    29:20
    Analyzing Shiba Inu (SHIB)

    31:22
    Importance of Consistent Investing

    33:35
    Conclusion and Accountability

    Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.


    Support the show

    Connect with Casey:









    Conversation with Apex Futures Trader Funding Darrell Martin

    Conversation with Apex Futures Trader Funding Darrell Martin

    In this conversation, Darrell Martin, CEO of Apex Trader Funding, shares his journey from working a full-time job to becoming a successful trader. He discusses the importance of education and mentorship in his trading career and how he developed a duplicatable trading strategy. Darrell explains the advantages of futures trading and the funding process at Apex Trader Funding. He emphasizes the need for patience, discipline, and risk management in trading and provides insights into successful trading strategies.

    Takeaways

    • Education and mentorship are crucial for success in trading.
    • Developing a duplicatable trading strategy takes time and practice.
    • Futures trading offers advantages such as leverage and the ability to trade various markets.
    • Risk management and discipline are key to successful trading.
    • Apex Trader Funding provides a funding opportunity for traders to trade with their capital.

    Chapters

    00:00
    Introduction

    00:21
    Getting Started in Trading

    01:19
    Recording Videos for Education

    02:15
    Building a Trading Community

    03:24
    Transitioning to Full-Time Trading

    04:23
    Starting with a Small Account

    05:13
    Risk Management and Scaling Strategy

    06:12
    Developing a Duplicatable Strategy

    06:58
    Advantages of Futures Trading

    08:35
    Complexity of Options Trading

    09:25
    Understanding Futures Contracts

    11:45
    Fees and Leverage in Futures Trading

    13:06
    Minimum Account Size and Micro Contracts

    15:38
    Evaluations and Funding Process

    18:13
    Passing the Evaluation

    20:49
    Success Rate and Payouts

    22:34
    Preparing for Trader's Funding

    25:18
    Successful Strategies

    29:49
    Getting Started with Apex Trader Funding

    Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.


    Support the show

    Connect with Casey:









    Risk Management Trading Strategy with Robb Reinhold

    Risk Management Trading Strategy with Robb Reinhold

    In this conversation, Robb Reinhold discusses the importance of risk management in trading and shares his personal journey in the trading world. He emphasizes the need for self-awareness and training the brain to make rational decisions in high-pressure situations. Robb also introduces his YouTube channel, the Flat Earth Trading Society, where he explores the significance of exit strategies in trading. Additionally, he provides information about Maverick Trading and Maverick Currencies, prop trading firms that back traders with capital.

    Takeaways

    Risk management is crucial in trading and involves making correct decisions based on a trading plan, especially when faced with adversity.
    Training the brain and developing self-awareness are essential for successful risk management.
    It takes time and experience, typically around five to seven years, to master risk management in trading.
    Exit strategies are just as important as entry strategies in trading, and the Flat Earth Trading Society YouTube channel explores the significance of exit strategies.
    Maverick Trading and Maverick Currencies are prop trading firms that provide traders with capital and support.

    youtube:
    https://www.youtube.com/@FlatEarthTradingSociety
    https://mavericktrading.com/

    Chapters

    00:00 Introduction and Background
    03:23 The Importance of Risk Management
    07:09 The Difficulty of Implementing Risk Management
    10:03 Developing Self-Awareness and Training the Brain
    13:15 The Time it Takes to Master Risk Management
    20:44 The Relationship Between Risk Management and Strategy
    25:34 The Flat Earth Trading Society YouTube Channel
    32:21 Future Plans for the YouTube Channel
    34:03 Maverick Trading and Maverick Currencies
    36:14 Conclusion


    Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.


    Support the show

    Connect with Casey:









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