The Stock Trading Reality Podcast

While it is never planned ahead of time, once in a while throughout the course of a discussion it can turn into a coaching session. Thanks to the feedback you as listeners provide, I know many of you enjoy being a fly on the wall and observing the teaching and suggestions being made. This is exactly what happened in our conversation with longtime member Alex (same name in the chat room). He has be...

One of the biggest factors of failure in trading is created by the emotion/feeling of "make a trade". Sure, at first it can be nerve-racking to do your first couple of trades; however, after that the floodgates of "make a trade" come out in full force. Community member Jeff (same name in the chat room) shares with us his story thus far which expands several years of time. The one underlying theme/...

While our guest had always known about the market, he had a bit of a twist in the sense that everything he heard about it was negative. The cherry on top was he also had a friend who was personally affected by losing all their money in the market. Our guest from the community, Greg, realized that if he were to ever get involved in the market, he would need to focus on his education first. Unfortun...

We are going international again and bringing back a former guest. The last time we spoke with Norse was, literally, years ago (wow, has the podcast really been around that long? Time flies!). To his credit, he is still around and going strong which is a great compliment of Norse's work ethic and focus. Not many can survive the markets even a couple months let alone to multiple years! While Norse'...

If you are not aware, you will be after reading the next sentence. There are quite a few people who approach and use the stock market as a "stay at home" Las Vegas. They believe trading is all about luck and is "a gamble", so that's how they conduct their trading. This of course leads to all kinds of stupidity and dumb decisions, and our guest in this episode is geared around taking advantage of t...

As many of you know, I love me a good analogy, and in this episode we have several of them… the one that really stood out though was in regards to pitching in baseball and trading. Chris is our guest ('thekidcanrake' in the chat room) and he shares with us the many important lessons and realizations he has had since beginning his journey. Thanks to Chris' grandfather, he had an early introduction...

Before anything else, this is Part 2 of a multi-part interview, so if you want it all to make the most sense, then be sure to listen to episode 137 first. I've really enjoyed the feedback so far from Part 1 on the discussion as there have been several opinions and viewpoints that have arisen. I'm not saying anyone is wrong or right with their opinion, but what I am saying is it proves the point ex...

If you're a long time listener, then you know the topic of 'risk' has come up on...well... more than one occasion. This is once again the case, but with a little bit different of a twist that does an excellent job of illustrating and explain just how risk in and of itself is subjective. Chezz and I interview Carl (same name if trading room) about his journey which has been quite the journey. So mu...

I'm going to do my best not to go off on a rant as I type this up at this very moment. All I'll say is BE CAREFUL when it comes to those "guru's" using expensive lifestyles or extraordinary results as the backbone of their marketing. Please. Trust your gut and instincts on it. Thanks to our guest's willingness to share, Tom ("tvesel" in the trading room) freely talks about his initial experience w...

The title of this podcast may seem a bit odd, but in all reality, the goal for all traders should be to become bored. In this episode we welcome back Tony from all the way out in Hawaii (so jealous!) so he can update us all on how his journey continues to unfold. He started out in the toilet bowl of penny stocks, and as you'll hear, progressed long enough to find himself a nice comfortable spot in...

Humility is a great attribute to have as a trader, and our guest is a perfect example of this. We bring back former guest Mike ('HeyFordy' in the chat room) to discuss how his journey has continued to unfold since the last time we spoke with him. I don't want to offer many spoilers, but I will say his account has been growing and growing. Even with this being the case, Mike remains extremely self-...

You can never get too much of the classic fool's gold syndrome. Most veteran traders have had this syndrome at some point in their journey (myself included), and most newer traders have it right now. The key is, the sooner they realize it is the sooner they can begin to improve away from it. Our guest, Roland, takes us through the beginnings of his journey where he had some success, assumed he was...

I've talked to 100's of people on the podcast, and while I've enjoyed every single one of those discussions, this is one that will stick with me for a long time. Sure, our guest Ron got on my good side by being a fellow graduate of The Ohio State University; however, where he's been, where he's at, and where he wants to go is something that had me motivated to the max. The story about him dragging...

This interview made me laugh for sure. Not in a mean way, but rather in a "I can relate" type way. Did I ever go as far as our guest? No... he took things to a whole new level when it comes to going down the penny stock rabbit hole. Our guest is community member Jeff ("Crestronwizard" in the chat room) is an open book about his journey which reveals all sorts of nuggets of experience that can be u...

We're bringing back a former guest and hearing all about where he stands in his current trading journey. We interviewed Hamlet ("Crusader" in chat room) a little over a year ago and he's still going strong. I won't spoil the details, but all I'll say is that Hamlet (as far as I can remember) takes the top spot of all the guests we've ever had in regards to mastering his own "mental game". If you h...

We have a pretty unique situation which up until this point, I'm not sure we've encountered. I'm always up for a new experience and you better be too! Shawn is back with us again (chat room alias "Dimliwitti") to update us on what has been going on in life and in trading. I mention "life" because this plays a role in his current situation. Not a bad situation by any stretch, but he decided to "pay...

It's always enjoyable to bring back previous guests who we've had on the show, and that's exactly what we do in this "live coaching" discussion. I say "live coaching" because in the free-flowing format of these interviews, we stumbled down some fantastic rabbit holes that lead into assisting our guest with some annoyances and frustrations in his trading. Our guest, who goes by "Remy" in the chat r...

There is zero doubt in my mind that many people will be able to relate to this trader's journey. Thanks to the openness and honesty of chat room member "Luna" (same name in chat room), we were able to go step-by-step through a journey filled with many struggles; however, at the end resulted in a spot that many new traders fine themselves in. The this "spot" is a problem, the good news is the solut...

I recently got an entire new trading computer that was a custom build. The person I used to build it is the "techie on staff" - itNate as we call him. He is essentially like Batman as he usually is operating in the shadows of the site doing all the behind-the-scenes stuff..... however, today he's stepping into the light to talk about computer stuff and why/what he chose for my new computer. Our es...

An open and transparent book. That was certainly the overall theme of this Welcome Back interview. Our guest has not only been on the podcast before, but I've also hung out with him in person on two occasions so I wasn't shocked by his honesty... the guy is a quality individual without question. Stephen (chatroom alias, "PH") shares his continued quest to gain solid consistency in the market as he...

In the majority of situations, the biggest struggles as a trader comes from the person looking back at you in the mirror. Of course, many people will blame external forces no matter how crazy it may appear; however, for the traders who are self-aware and honest with themselves they understand trading is a battle against ones self. Our guest from the community Eric (chat room name "Gman") does an a...

The brutal honesty our guest in this interview afforded us all to hear a very cautionary tale about the very real risks that exist in the world of trading. While these risks can be controlled and navigated, when a lack of understanding enters into the "new trader equation", the numbers can turn nasty in a hurry! Mark (chatroom alias "hyprsnpr") takes us through the various loops his journey has co...

By far one of the hardest things to do as a trader or investor is to follow the rules. Assuming you've traded before, I'm sure you can relate to just how hard it can be when real money is on the line. Our guest, Ben, has a great story he shares with us which finds a centralized theme in following the rules vs. not following them. Ben's journey took him to the edge of almost wanting to give up on t...

First a warning. This the second part of a two part interview, so before listening to this one, be sure to listen to episode 120. In Part 1 our guest, Janice Shell, sat us down for a story about one of the biggest penny stock scams in the past couple decades. It was truly a fascinating story that would make a great Hollywood movie; however, in this episode we move into more practical areas of the...

I was a bit nervous heading into this interview as I've known of and respected this person for as long as I can remember. If you're not aware, my first introduction to the stock market was via the penny stock market over 10 years ago, and I remember this person from way back then. The name Janice Shell is synonymous with penny stocks assuming you have been around them for awhile. If you are involv...