Trading Lords

Welcome to Trading Lords, where Somesh delves into trading psychology, risk management, and strategies to elevate your trading game. In this episode, he tackles the overlooked topic of recovering from a trading slump, offering insights to emerge stronger from these challenging phases. Navigating Trading Slumps: Somesh acknowledges that every trader encounters slumps. He discusses the emotional tol...

In this episode, Somesh responds to a crucial question: Does sleep and physical health impact long-term trading performance? Explore how acknowledging the significance of these factors is a vital step towards trading excellence. Reevaluating Priorities: Somesh shares his personal evolution from considering sleep a luxury to recognizing its critical role. The impact of sleep deprivation on decision...

Day trading is one of the most isolated careers with no social interaction or support — This isolation can negatively impact the mental health of traders over the long run subsequently impacting their trading. In this episode, Somesh discusses the dangers of isolation that traders face and how it can negatively impact mental health and trading decisions over the long run. He also shares his own ex...

You know, out of 100 traders, 95% lose money, and only 5% are the only ones who make profit. That means 5% of the traders who make money are taking all the money away from all the 95% of people who are losing money. Somesh is here to tell you that if you want to be one of the 5% of traders that make money, if you want to get ahead of the 95% of losing traders, then you need to fix your ego — It's...

Every trader experiences losses no matter what their experience level is, but the difference is how much you lose and how you deal with it! Somesh is here to tell you that losses are an unavoidable part of trading, but the key to success in trading lies in handling them effectively. He shares insightful tips on how to handle the losses in a healthy manner. In this episode, Somesh discusses: Most t...

Have you ever traded impulsively, only to wish you hadn’t when you realized the losses? In this episode, Somesh discusses how impulse trading can be dangerous, why traders need to keep their impulses and emotions in check, and offers practical tips to achieve that. In this episode, Somesh discusses: What is impulse trading, and what happens when traders trade on the impulse How impulse can lead tr...

In trading, biases lead to wrong decisions, resulting in losses. But what are these biases, and how to fix them? Once you understand them, only then can you fix them. Somesh is here to talk about the trading biases that will keep you poor if you do not fix them. He discusses the different biases that traders have, how they negatively impact traders, and how to fix them. In this episode, Somesh dis...

There’s one key differentiator between winners and losers: winners always let winners run, while losers let their losers run. The same applies to trades as well — winners pick winning trades and keep letting them run, while losers sell winning trades early and let the losing trades go on. In this episode, Somesh discusses the psychology of taking profits — when and why you should take profits.&nbs...

Do you want to know the secret to Somesh's ultimate wealth? Well, it's all about his mindset. Today, Somesh talks about the powerful mindset shift that transformed his life and made him ultra-rich. He discusses the two types of mindsets — fixed and growth mindsets — and why the growth mindset is more important than the fixed mindset. In this episode, Somesh discusses: Two different types of mindse...

Have you ever made your trading decisions based on your gut feelings? What was the result? But does your gut feeling really hold any weight in trading? Somesh is here to answer this. He discusses whether or not following your gut is a reliable trading strategy and shares the pros and cons of following your gut, as well as how he navigates this dilemma. In this episode, Somesh discusses: Should you...

The world of trading looks glamorous, with quick profits and massive gains, but with the many dangers of trading, there’s one hidden danger that often gets unnoticed — Trading addiction. And when this trading becomes an addiction, you need to fix it ASAP! Somesh is here to discuss the psychology of trading addiction and when it’s time to walk away. He shares signs that you may have developed an un...

There's nothing better than a winning streak in trading, right? But you know, winning streaks can actually blow your trading account, and Somesh explains why. Join Somesh as he delves into the psychology behind why winning streaks can actually lead to blowing your trading account. As he navigates the treacherous waters of overconfidence, he reveals hidden dangers under seemingly unstoppable winnin...

Are your trading profits stuck in a rut? Learn why your past could be the reason and how to turn the tide in your favor! Somesh dives deep into the concept of hindsight bias and how it can wreak havoc on your trading decisions. He explains how looking back on past winning trades with rose-colored glasses can cloud our judgment and lead us to make risky decisions in the present. In this episode, So...

Successful trading requires a hidden skill that many possess but often fail to harness – patience. Somesh is here to talk to you about the importance of patience in trading and how traders often struggle to apply this skill effectively. Join him as he explores how this hidden asset can transform your trading journey and shares strategies to grow it. Remember, patience isn't just a virtue; it's you...

Somesh shares his ten daily trading rules to empower traders like you with invaluable insights to enhance your skills and achieve remarkable success in the market. He breaks down each rule with precision and clarity, emphasizing the profound significance of trading psychology, effective risk management, and adherence to a well-defined trading strategy.  In this episode, Somesh discusses: Ten...

We all make countless decisions daily, both in trading and in life. From the simple act of opening a water bottle to life-altering choices, decisions shape our paths. But how can we ensure that our trading decisions lead us to success? Join Somesh as he discusses the importance of decision-making in the trading world. He shares the crucial role decision-making plays in the trading world and uncove...

Have you ever found yourself on the edge of making a trade, ready to dive in, but an invisible hesitation holds you back? That moment when a past loss haunts your decisions, causing doubt in your decision-making. If you have ever felt that familiar sense of fear, you're not alone. Join Somesh as he discusses one of the most important aspects of trading psychology: overcoming fear. He discusses how...

As a trader, it’s natural to experience certain emotions — euphoria, anxiety, anger, overconfidence, and impatience — that can cloud your judgment while trading and result in losses. While the emotional roller coaster is an intrinsic aspect of trading, it doesn’t have to dictate your success.  Somesh has five techniques to share that will help you to handle the emotional side and stay stable...

Are you dreaming of leaving your day job to pursue day trading full-time? Then this episode is for you. Join Somesh as he shows you how to move from your regular 9-to-5 job into the world of full-time day trading. He'll walk you through the nitty-gritty details of this transition, breaking it down step by step.  Tune in and get ready to uncover the process that will help you skillfully naviga...

In this podcast episode, I dive into the topic of trading psychology and risk management; specifically focusing on the concept of FOMO (fear of missing out) in trading and how it can lead to impulsive decisions and losses. I highlight the role of social media in triggering FOMO and offer tips on managing it, such as having a trading plan, surrounding oneself with supportive people, and journaling...

In this podcast episode, the I discuss trading psychology and risk management. I reassure you that trading losses are normal and encourage them to view losses as opportunities for growth. I distinguishe between losses caused by mistakes and those that are part of the normal distribution of a trading system. I advise listeners to avoid negative emotions and instead focus on journaling their trades...

Today, I want to share some insights from our recent episode, where we explored the critical aspects of setting stop loss and profit taking on contracts when trading options and day trading.  The Importance of Setting Profit Targets and Stop Losses In the world of trading, setting profit targets and stop losses is not just a strategy; it's a necessity. It's especially crucial when you're trying t...

This episode is a treasure trove of personal experiences, lessons learned, and actionable tips that can help you navigate the often turbulent waters of trading. You learn: The Power of Planning: I delve into the importance of executing trades according to your plan. Remember, the three pillars of a successful trade are position size, stop loss, and profit target. Without a clear understanding of t...

Trading Lords is your essential podcast for mastering the business of trading. Focused on trading psychology, risk management, market insights and personal experiences, it delivers actionable strategies and lessons five days a week. By breaking down the complexities of trading, we provide immediate, implementable tips for navigating the financial markets. Join us and elevate your trading game, one...