The Stock Trading Reality Podcast

Wins are overrated. Winning streaks are even more dumb! What do I mean? You can have multiple winners and be making all kinds of money; however, that tells you nothing about the viability of your strategy and system. The only way to know if you have a strategy that "actually works" is to take some punches. If you take punches and you're account is still green and trending upwards, this is when you...

If you would consider yourself someone who enjoys "dabbling" into areas of life, I'm very confident you'll be able to connect with my guest in this week's episode. With that being said, even if you are someone who "goes all in" from the start, there are many nuggets of wisdom (and warning) that you'll be able to take away from this guest's journey... which has been a long one! We'll be covering a...

Randomness, like with most things in life, will destroy any kind of trading ambitions you may have. Whether it's from my own personal experience or from the countless stories I've heard from others, when randomness creeps into the journey.... things get bad! My guest, Eric ("E" in the chatroom), is taking the exact opposite approach of randomness. For full disclosure's sake, his current approach i...

While it certainly is not the glamorous pathway to take, sometimes the best solution for problems is to take a step back and put yourself through unfavorable steps. I welcome back long time member Kainoa and he updates us on everything that has been occurring in his journey. As a small spoiler, he has had to make some tough decisions over the past couple of years that were not easy or enjoyable; h...

I came across an article that talks about a way of thinking that has been around for 2,000 year and is used by some of the world's brightest. While I don't believe in ever blindly following someone because they are smart/successful, I do believe it is wise to at least listen to and consider what the person is saying. Given I've been coaching and guiding traders since 2013, I can say with full cert...

It truly is amazing just how powerful blaming the person in the mirror can be when it comes to your struggles and failures. I truly understand... blaming yourself for failures is not an enjoyable situation and no one likes to do it; however, there is freedom when you swallow the ego and blame yourself. My guest today from the community, Joey, started off about as bad as you possibly can. In fact,...

While I can't say it is the top issue debated among traders, I can say with full confidence it is easily within the top 3 issues. What is this issue? Is paper trading (demo/simulator trading) worth it? Over the years we have heard both sides of argument on this topic, and to be fair, both sides have made valid points and arguments. My guest from the community in this episode, Joel, shares his jour...

If you have even a shred of trading experience with real money, then I'm sure you are well aware of the fact that we all have mental demons we need to fight against. Trading is an extremely mentally challenging business and it truly is filled with demons that need to be acknowledged and then punched in the face! In this episode, I welcome back long time member Donald ('speedster' in the chatroom c...

I've had some people ask about my thoughts, but to be honest, another part of this is me just being sick-and-tired of all the media manufactured drama. I want to give you my thoughts on the stock market and how I am approaching the situation. Let's take a breath and walk through all of this in a slow, calm, and calculated way by using logic and a bit of common sense. What am I doing as the stock m...

Passion can be a powerful thing. In this case, it lead our guest Mitch to hijack his brother's social security number so he could open a trading account while still in high school. While I certainly do not advise or support hijacking anyone's social security number, I do love the underlying attitude of Mitch just doing what needs to be done to "make things happen". Now sure, there were much better...

Courage. If I were forced to summarize this episode in one word, that's what I would use. My guest today is back for the third time and wow... he did some really dumb things, but you know what? We all have! The difference is Hamlet has enough courage to publicly talk about it so that others have the opportunity to learn and not repeat the mistakes he found himself doing. This is one of those inter...

Who remembers dial up internet? Can you imagine trying to trade with it? Needless to say, us traders now-a-days sure do take a lot for granted. My guest from the community, Roger, began his trading journey back when the internet was becoming more and more mainstream. Roger has over two decades of experience in the market and he shares it all with us. A portion of that experience was not exactly th...

I came across an article recently which centered around "mental traps" that successful people don't allow themselves to fall into. While the article is not about trading in particular, the science based observations and discoveries 100% can be applied to us as traders. If you are new to trading you many not realize just how big of a mental challenge it is, so whenever you can get insight into how...

I love it! We now have yet another data point in regards to people "finding a way" rather than "finding an excuse". My guest today, Jermaine, grew up in Jamaica and immigrated to the USA and had to hustle and grind to get to where he is today. This includes working multiple jobs and my favorite part, in Jermaine's words... "living aggressively". I'm well aware that many gurus/teachers/mentors focu...

As traders we should love the fact that we can not control how high a price rises. Why? Well, that means we can not control how much money we make in a trade! How cool is that? We have a perfect example of this principle with fellow member Orval (better known as 'Sandman' in the community). Orval updates us on his journey which has improved dramatically since the last time he was on the show. It's...

I'm pretty sure there is no one better prepared to become a trader than those who have military experience. In this day and age where people too easily get their feelings hurt, it's nice to be able to be blunt with someone and have them simply say, "thanks". If you are newer to the markets and looking at what it takes to actually be a good "learner", then look no further. My guest, Chad ('iamavol'...

This discussion is why I have a very hard time finding pity for people who seem to throw out excuses like candy. When you have a passion and drive for something, much is possible even when you may have many other "things" occurring. Community member Harmon tells us about his journey so far and how he's been able to get involved in the markets even while being a college student (along with a whole...

I'll be the first to admit the markets are an awesome place with oh so much potential and opportunity! The problem with this fact is it causes way too many people to rush in and get slaughtered. While there is no such thing as a perfect entry into the market, my guest from the community, Ken ('gaingreen' in the chatroom), walks us through his journey thus far. We once again have another encounter...

Have you ever done anything that when you look back on it in hindsight all you can say is, "what was I thinking?!?!"... I know I have! The financial markets truly are an amazing place filled with opportunity in almost all directions. The problem is, when you are new and ambitious... the ambition will be used against you in ways that make money for other people. My guest from the community, Kevin,...

I'm aware. The title of this episode may seem like clickbait. I mean, how could making $500 be attributed to ruining someone's mind? It would seem that making money is a good thing; however, in this case it was the absolute worst result that could have happened. My guest, Jacob ("farmerj" in the chatroom), takes us through a very crazy journey that as one point reached him only being happy if he m...

If I lost it all and had $0 to my name and needed to start all over… what would I do? There is a huge opportunity out there right now that could make you up to (maybe more) $65 per hour. Let's talk about it.

Is this you? You have a smaller account and want to get started trading the markets. Because of the annoying pattern day trader rule (PDT) and the fact you have a smaller account, you automatically assume you need to focus on small caps (penny stocks) in order to have a chance at success. While there was a lot of truth to this in past years, due to some recent changes in the futures market, this t...

Warren Buffet's secretary pays higher taxes than he does? Have you ever heard this before? I know I have. There was just a newly released proposal to address this issue and I want to take a deeper look into how all this works. It may surprise you (sarcasm font), but politicians on both sides of the aisle misrepresent issues and how they "actually" work. What does any of this have to do with tradin...

Solutions. Problems are easy to find and focus on, but solutions…. that is where the real magic happens. The issue with solutions is sometimes they are not pleasant or want to admit needs to be focused on. However, as you're about to see with our guest in this episode, if you just suck it up and do what needs to be done, the results can increase your pathway to success that much quicker. I welcome...

I have no idea if this "emotion" is something all people have, but it's something I can totally relate with. That feeling being the desire to want to "accomplish something". It's hard to assign an exact definition to it, but at the core, it comes from the desire of achievement. Again, I can't speak for everyone, but those of us who are involved, or thinking of getting started, in the financial mar...