The Stock Trading Reality Podcast

No. I’m not exaggerating. This trader, literally, lives in the middle of a 1,200 acre swamp surrounded by gators, snakes and hogs. I want to offer you up a fair warning. If you are someone who is constantly looking for reasons on why you can’t do something, you are NOT going to like this discussion. With that being said, if you are someone who finds motivation and inspiration in other people who adopt the “no excuses, let’s get it done!” type attitude, you’ll love Louis! I talked with Louis...

We’re once again going “down under” to hear the story of a young Australian trader! It still blows my mind that we have a community of traders from all over the world, including the, literal, other side of the world! These discussions are always motivating reminders to myself that whenever I stumble as a trader, I’m not alone. The same emotions that have caused me and many other traders are the same emotions that cause issues on the other side of the world. At the end of the day, we’re all...

Day trading is not an easy task. It’s a challenge each and every day. The upside potential, in my opinion at least, is well worth it all; however, it’s hard. What makes day trading so hard is the psychology that goes into it. In particular, just how fickle everything is. Meaning, all it takes is a slight slip up with your emotions and psychology and your day trading strategy can spin out of control in a hurry. I’ve been day trading for almost 20 years now and I’m still shocked and amazed at...

The sale’s pitch of “read a book” or “take a course” and then you’re a money making trader is extremely attractive. It seems reasonable to conclude you would sell a whole lot of books and/or courses; however, unfortunately this is not how trading works in the real world. You don’t get to snap your finger while reading a book and then all of a sudden have money rain down from the sky. Trading in the real world is not a snap of your finger, but rather, a journey that requires endurance,...

I always enjoy talking with current or former military people. Their point of view comes from a place of massive structure and planning. When people’s lives are on the line, having structure and a plan of action is of the utmost importance! I have nothing but respect for people who are serving (or who have served) as they have dealt with situations that for most people can only be imagined. In this episode, I talk with fellow member Brian. He is now retired from the military, but during his...

This is episode has a pretty awesome set-up! My guest, Joseph, has already been on the show once before. When he was on previously, he had just lost $23,000 and that’s where the show (and his current journey) ended for the time being. I have nothing but respect for people such as Joseph who are willing to share their journey publicly, no matter the results. Many people would have never agreed to have come on after having lost $23,000, yet, he did! This in and of itself puts Joseph in rare...

I know terms such as “poor” and the like get thrown around pretty loosely in today’s world as people try and be as dramatic as possible, but that’s not the case here. When you hear my guest’s starting point in life, we’d all be hard pressed to find a word to describe his situation other than “dirt poor”. In this episode, Tyler (for you chatroom members, “DearApolloz”) walks us through his trading journey that quite frankly does not even seem possible. A fair warning though in regards to...

If you want to be a day trader, then you’ll want to definitely understand how the tax system works within the online trading world. I’ve been working with beginner traders since 2013 and there is one tax trap lurking in the markets that I’ve continually seen snare unsuspecting beginners. As someone who is just getting started within the stock market (or any financial market for that matter), you could be doing quite well within your wealth generation to then be set back due to this trap. I...

Do you think your schedule would be a bit hectic if you had five children? Who knows, maybe you are reading this as someone who has had more than five kids? My guest in this episode has great ambitions of being a a quality trader, but he’s also got five kids. And because he’s a quality human being, he is also trying to be the best father possible! As someone who also has five kids, I can speak from experience that life gets busy and there always seems to be something going on. Shawn...

The mind is no place for playing checkers. It is one massive game of chess on steroids. If you are a beginner, the sooner you realize that mastering your mind is a big puzzle piece for trading success, the sooner you give yourself an actual chance at success. If you are a veteran trader, then you already know how challenging the mental game is for us as traders. No matter where you are in your journey as a trader, my guest for this episode will sound relatable! Nick (”SecondChance” for those...

Being wrong is part of being a trader. No one is perfect within the financial markets, not even Warren Buffet. The difficult aspect of being wrong in the financial markets is it causes you to lose something you are psychologically tied to: survival (in the form of money). The whole idea of accepting a loss is very hard to describe. Or, as my guest in this episode, Kris, explained, “you need to to take a loss to understand a loss”. It may be easy to “think” you know how a loss works and how...

One of the most important facts about trading is also one that is rarely talked about. If you are trying to sell a product or service, then from a marketing standpoint, some facts are not beneficial to discuss. One of these facts is the need to be so brutally honest with yourself that it hurts. Let’s be serious. As humans, we all want to feel good about ourselves. I realize that is obvious. The problem is, in many situations within the world of trading our egos will need to be bruised to...

The stock market begins to crash, and as investors we begin to hear, “buy the dip”. The stock market (or any financial market for that matter) can never go straight up, so there will be those times where the ride gets pretty crazy. At times, the price action will simply be a correction; however, at other times, it will be a Bear market where stocks crash and prices go lower than you had ever planned. These are the moments where an investing strategy can begin to fall part and produce results...

This may be a first. I don’t think I’ve ever talked with someone whose location is Russia! But hey, as the podcast continues to expand larger and larger, I suppose it was only a matter of time. Now, I don’t want to get too dramatic. Many of the struggles you’ll hear about have been talked about time and time again. This truly goes to show that no matter who you are, where you live, what your status in life is, you ARE a human being. Meaning, you’re going to have very similar struggles to...

For parts of this discussion, I thought I was in a Hollywood movie about Wall Street. Being a young kid, going to Long Island to work for a brokerage while having to make cold calls to people who would routinely shut you down? Does this stuff actually happen in the real world? My guest for this episode, Demetri, shares his Hollywood like lifestyle when he was younger and where it took him from there. Demetri is a very smart guy; however, he is also extremely humble and willing to set any ego...

I know. I’ve said it about 17 million times through the history of the podcast, but I’m saying it again: iron sharpens iron. While I certainly do not proclaim to have the world and life figured out, I can say it is my personal experience that when you surround yourself with quality individuals who believe in “taking control” of whatever situation they’re in, it makes you a better person. In this episode, I bring back someone who I consider a friend, Judd. He’s not new to the podcast, but...

It’s logical. You do something really really well and your confidence explodes. There is no harm in having an ever growing confidence, particularly in the world of trading the financial markets. With that being said, there is a very fine line that is easy to cross where confidence turns into over-confidence, or in some cases, flat out cockiness mixed with arrogance. While not everyone spins into the world of arrogant cockiness, plenty of people (myself included) have experienced a slide into...

I truly mean it when I say it, but when it comes to disagreeing on any kind of topic, I’m totally fine with it. The world would be a super boring place if everyone agreed on every topic. With that being said, if we are going to disagree on a topic or have varying opinions regarding it, hopefully we can both agree that a firm understanding of the topic would be wise. I realize I state the obvious when I say that forming opinions on a topic that is not fully understood is a recipe for...

This is a first. Over the timespan of 7.5 years, I have never done an episode such as this. My guest and friend, Jose, is back again for the fourth time and he’s doing an exit interview. Joes has been with me since the start. He was one of the first people to join our community and invest into my training program back in the 2013 timeframe when I was just starting it all. Approximately eight years later, he’s leaving the markets for the most part and wanted to come back and do an episode to...