Trading Story: Trading Interviews, Tips & Inspiration For Newer Traders

Hope things have been going well for you guys. Hope you're progressing in your life and your side projects, especially if you're still tackling trading or real estate investing. Trading and investing is a great gig if you can make it work and I'm hoping you guys are doing well in these and every area you're working on. On my end, I just got back from a vacation to Disneyland with my family. It was the 2nd time my family has been there and a good time was had by all in Anaheim. We also visited Warner Brothers Studios and Hollywood on the Left Coast. I did like the weather in Southern California and it's always good to get out of the routine. I'm feeling refreshed, but I was a little late in getting this podcast out to everyone this week. This will be the last podcast I plan to release for awhile on the Trading Story. I don't want to say this is the final podcast, but it could be. As you may know now, my attentions have already shifted away from trading into real estate investing. I may launch another podcast in the future. So make sure you stay subscribed to this podcast because I will update everyone if that happens. For those who may be interested, I'm mulling over a Christian apologetics podcast. If you have any suggestions about it, feel free to email me. Launching A New Project: REINomad.com But for now, I wanted to share another side project I've been working on. It's not a podcast, but something a little more simple. In addition to helping with marketing clients and growing their businesses, I like to start projects where they seem to make sense. Since pausing my trading efforts, I've turned my attention to real estate investing. Though I'm just getting started and I only have one investment property working right now, I think real estate investing is the place for me for the long-term. And I wanted to let my listeners know a few reasons why I think real estate investing is a good thing for you as well - assuming you want financial and location independence. That's why I launched a new website called, REINomad.com. This resource and email list aims to be a help to anyone who is interested in real estate investing "as a nomad". In other words, if you want to invest an opportunist and find the best real estate opportunities in the next town or across the country, that's what REI Nomad is about. The goal is for you to take advantage of real estate markets that are up-and-coming - since all markets are local - and profit while you focus on what you do best. And to get you started, we put together a free resource for you called "The 10 Ways To Invest In Real Estate Like A Nomad" over at... REINomad.com/TenWays/ With this resource, you can be equipped to understand the best ways people invest in real estate when they don't live down the street. So check it out today. On Wrapping Up The Trading Story Podcast So as we wrap up this chapter of the Trading Story podcast, I wish you guys the best in every endeavor. If you like podcasting and have any questions, shoot me an email. I've enjoyed interacting with everyone. Shoot me an email for anything for that matter at brandon (at) tradingstory.com Do you know this podcast has been downloaded over 350,000 times! That means tens of thousands of listeners have found value in this information. And I'm glad to have connected with many of you. Appreciate all the support along the way and the encouragement. From where I sit now, I think this podcast has affected the course of my life and I hope it has been helpful to you too. But before I sign off again, don't forget to download our free infographic, "The 10 Ways To Invest In Real Estate Like A Nomad" at... REINomad.com/TenWays/ Until next time, all the best!

Joe Fairless is a real estate investor. Joe invests in multi-family real estate with his partners now but he used to work in a NYC ad agency as their youngest VP. Joe hosts the world's longest running daily real estate podcast, Best Real Estate Investing Advice Ever Show. Joe Fairless, welcome to the Trading Story podcast. Final Thoughts on Joe Fairless Interview We did it again - one more week of expecting something related to trading and you got to hear from another real estate investor. Not saying none of you guys can't be great traders, but there are other options for you. And Joe Fairless highlighted another possible avenue for you: real estate investing in multi-family properties. But regardless of whether you want to be a trader, a real estate investor, or something else, there is something to Joe's mantra. I'll let him tell it to you again... "My personal mantra is: "the secret to living is giving". I got that from Tony Robbins when he did a TED Talk. If you haven't watched it, I highly recommend doing so. He's a phenomenal story-teller and educator. And he mentions the secret to living is giving. I have that on my vision board and printed on my wall. That's the approach I take. And it's so obvious: you give one dollar and you get back ten in return. It might not be a direct cause and effect but over time it plays out time and time again." It's really amazing what Joe Fairless has been able to do in a such a relatively short amount of time. He has grown a real estate investing portfolio that's well north of $100 million dollars and he only started back in 2013 - a little over 4 years ago. He's a regular guy except for one exception: he gives. He gives his audience a podcast episode for the past ~1,000 days. That's a lot of giving. And he's getting something back in return for his efforts. A very lucrative career in real estate investing. Kudos to you, Joe. Thanks for your time. And thank you for your time listening to another non-Trading, Trading Story podcast. Some of you may be wondering if this will become a new habit - releasing more episodes. Sadly, probably not. But I thought I owed it to my audience to let you know what was going on and why I'm now sold on real estate investing over trading. If you're not, that's okay. Keep driving and something will stick and you'll do better than me. I'd love to see all of you guys succeed at trading, real estate investing, or something else where we're not working for the "man". Action Item: Keep Driving The action item for this week is: keep driving. There's a reason you turned on this podcast and hopefully it's to get a little inspiration in your quest for financial and location independence. You know it's out there. Me too. I've achieved a bit of location-independence with my marketing business, though I just got on the road through real estate investing. I'm still going and you can too. Keep going guys - we're not dead yet. Until next time, all the best! Resources Mentioned In Podcast Joe Fairless Resources Reachout to Joe: info@joefairless.com InvestWithJoe.com Tony Robbins TED Talk: Why We Do What We Do Tony Robbins: The Secret to Living Is Giving

Rod Khleif is a 30+ year veteran real estate investor. He has owned over 2,000 single or multi-family units in his investing career. Rod is an an author, philanthropist and podcaster with over 1,000,000 downloads to his very popular podcast, The Lifetime Cashflow Podcast which can be found at RodKhleif.com. ---- Resources Mentioned In Podcast Rod Khleif's Resources RodKhleif.com/29-MistakesRodKhleif.comTiny Hands Foundation Brandon's Newest Real Estate Investing Project REINomad.com

Personal Update Focused on trading forex for 5 months: Apiary Fund & ProAct Traders Focused on trading futures for 2 months with another mentor. Paused all trading activities in November 2016. Two years focused on trading. I'm now focused on a new project: real estate investing. Lessons Learned Trading Mindset: Mini-business, chart patterns, persistence. Cutting Losses: Cutting the losses of a passion that hadn't panned out. Letting Winners Run: Kept working on my marketing business that is growing. I am not a consistently profitable trader. Episode 0 & Episode 113 Continuing Education: I kept learning and I was open. Shifting to Real Estate Investing (REI) It's so similar to trading, it's scary. Many of the lessons learned in trading translate to REI. Less competition and more obstacles may make a better market for you. Can use relationship skills. When Things Don't Work Out Two reactions: Get depressed OR perform an After Action Review (AAR). Trading did not work out for me on my 3rd go-round as I had hoped. But it opened for me the opportunity for something new. "When God closes a door, he opens a window". Maybe that's something you need. Postscript: Why Not Continue Trading Story Indefinitely? Trading Story was supposed to be my journey to consistent profitability. Passion is what makes a great podcast. My passion has shifted to a new project and a new podcast. A brand new Real Estate Investing podcast at REI Nomad. This is where my Trading Story continues. I cordially invite you to join me on that podcast. The link is in the shownotes page. Or just go to REINomad.com. Call To Action If you fail at something (and we all do). Grieve the loss. But don't stay there. Remember the reason you started this to begin with: financial and location independence.

Scott Barkley is president and co-founder of ProAct Traders, a professional forex trading mentorship and home of the 1-year Fast Tracker program. He's been trading full-time for 14 years. He lives in the Austin, Texas area with his wife and he sometimes babysits his daughter's golden retriever. He is also my personal trading coach.

Justin Hertzberg is a currency trader and also President and CEO of Forest Park FX, a CFTC-registered introducing brokerage firm. On this episode, we're going to be discussing the mistakes people make when shopping for forex brokers. He lives in sunny Boca Raton, Florida with his wife and boy-girl twins.

Zach Hurwitz is an independent equities trader, trading coach, consultant to emerging hedge funds & proprietary firms, VWAP specialist. Founder of TheVWAP.com.

Zach Hurwitz is an independent equities trader, trading coach, consultant to emerging hedge funds & proprietary firms, VWAP specialist. Founder of TheVWAP.com.

Joel Kruger is an FX trader and the founder JKonFX.com. He's been trading 10+ years and has come to specialize in global macro trading. He has appeared on Bloomberg television and other financial networks. Joel's website received top honors by FXStreet for “Best Buy Side Analysis” and “Best Video” in 2014.

Justine Pollard is a professional stock and CFD trader. She's been trading for over 25 years, is a trend follower, and specializes in trading plans. Her book, Smart Trading Plans, is published by Wiley. She blogs at smarttrading.com.au.

Hope things are going well and progressing with you guys on the trading side. This week, I took 3 positions: all net losers. I had a deadline on another project so I didn’t spend as much time as I would like. Such is life. But one thing I did was grab another book that I recommend. It’s not a trading book, per se. It’s more of a business success book that has plenty of application for those of us learning to trade. I’m about half-way through the book now to be up front. It’s a short read – 224 pages, but easy reading. I’ll finish the book by the time this podcast is released. But what I have picked up so far has been pretty good. The book is called The One Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller and Jay Papasan. I heard an interview with Jay Papasan a few months back plugging the book. What piqued my interest was the simplicity behind the concept. I like simple. Jay and Gary both also live in my hometown, Austin, Texas. So being the late-adopter that I am, I finally picked up the book. It was written in 2012 and I’m podcasting in 2016. So do the math, I’m late to The One Thing party.

David Frost is a full-time trader. He's a Wall Street veteran and has been trading for 20 years. When he's not trading, he's coaching his son's baseball team. He specializes in gap trading and publishes some of his results at lazygaptrader.com.

Hope things are going well and progressing with you guys on the trading side. This week, I took 3 positions: all net losers. I had a deadline on another project so I didn’t spend as much time as I would like. Such is life. But one thing I did was grab another book that I recommend. It’s not a trading book, per se. It’s more of a business success book that has plenty of application for those of us learning to trade. I’m about half-way through the book now to be up front. It’s a short read –...

If you listened to last week’s episode – episode 102 – I bemoaned the fact that my trading results in February were less than to be desired. At the beginning of the month, I opened up my live trading account. To be open, it’s a small account ($500). But it’s enough to give me a taste for losing and gaining real dollars. It’s something my trading coach recommends, so that’s why I did it. In addition, the point is to gain consistent pips. If I can’t make gains in a small account, then what...

John Richardson is a full-time options trader. He's been trading since late 1980s. He's traded stocks, futures, forex, and options. He's the owner of consistentoptionsincome.com and he resides in sunny, San Diego, California.

What do you guys do when things aren’t working out for you? Whether that’s in a relationship you thought was supposed to be great, but it isn’t happening. Or maybe you tried a church or religion and it didn’t meet your expectations. Or perhaps a supposed dream job turned into a nightmare. And what about your trading? What do you do if you’re trading isn’t working as advertised. You bought into a system, but the system is generating negative returns. What do you do when that...

Houston Truong has been trading for about 10 years. He runs a trading blog http://thetradingedge.org, where he focuses on trading setups and trading psychology. He hails from Montreal, Canada, where he lives with his wife and two children.

I really appreciate Marko taking the time to interview me for the podcast. He was pro and I’m glad we had the chance to connect. As Marko mentioned, he’s a ‘face in the crowd’. And Marko may represent many of you guys out there interested in hiring a trading coach. Admittedly, this is one guy’s opinion. But hopefully it gives you another perspective as you’re thinking about going with a trading service or coach. As for the takeaway of the podcast – that would sound a little strange. Me...

Brett Steenbarger has been involved in the financial markets since the 1970's. He is a futures trader and is a performance coach with various hedge funds and proprietary trading firms. He earned his PhD in Clinical Psychology and is a Professor in Psychiatry and Behavioral Sciences at SUNY Upstate Medical University. He is the author of Trading Psychology 2.0.