2 Traders Podcast

"Every now and then, you get one thread on there where a guy says, “Been trading for ten years, I’ve never made a penny. What am I doing wrong?” These are the threads where you’ll actually learn something. You learn about losing..." The post EP148: Seeding Your Subconscious (Part 2 of 2) appeared first on 2TradersPodcast.

To me, the subconscious is the driving force behind most of our behaviors because we pretty much live life on autopilot and so our conscious minds just like when we do things, our conscious minds will say, “I did that. The reason why I drove that way to the party was because I always do this and I just thought today is Saturday. It’s going to be busier or whatever... The post EP147: Seeding Your Subconscious (Part 1 of 2) appeared first on 2TradersPodcast.

It doesn’t have to be that complex. You think it should be complex. You think you need a computer to tell you what to do. These are all the assumptions but really it doesn’t have to be that complex. You can literally have a strategy where you buy at 4pm on Wednesday... The post EP146: The Mathematics of Trading (Part 2 of 2) appeared first on 2TradersPodcast.

"You have to believe in this type of system, it’s going to work. If you believe that a trend-following system is going to work, are you also going to be able to believe that an end of the trend system is going to work too?..." The post EP145: The Mathematics of Trading (Part 1 of 2) appeared first on 2TradersPodcast.

"Why don’t you allow yourself to do like, it could just be based on what you can stomach?.." The post EP144: Broken Systems (Part 2 of 2) appeared first on 2TradersPodcast.

"We go through this cycle and I understand. I know that cycle really well. I think part of the antidote for that or the main sort of inoculation for that is to base the way you trade on what you clearly “know” about the markets..." The post EP143: Broken Systems (Part 1 of 2) appeared first on 2TradersPodcast.

"You’re taking a lot of trades and you’re getting stopped out a lot because you know occasionally you’re going to get the big winner..." The post EP142: Trading Edges (Part 2 of 2) appeared first on 2TradersPodcast.

"That sounds more reasonable to me, with markets being so complex and also people want price to move as well. They want the price to be wrong, don’t they? You have that human element in there as well. " The post EP141: Trading Edges (Part 1 of 2) appeared first on 2TradersPodcast.

"It’s like magic how often that happens. What they’ll do is they take their profits on the little retracement moves during a trend. They’re all thinking that they’re going to catch the end of the trend but at the end what they’ll end up doing is -- it’s just like giving a personality to a cat..." The post EP140: Trader vs Charts Part 2 of 2 appeared first on 2TradersPodcast.

"Those two things: whether you are executing your strategy and whether your strategy will make money. That’s basically what it comes down to. It’s not that difficult. To that end, what I would say is yeah, I think you can get a lot out of looking at the charts..." The post EP139: Trader vs Charts Part 1 of 2 appeared first on 2TradersPodcast.

"If you’ll look at all of the trading systems out there my guess is that most of them would be related to sort of the quick-profit 1:1 or even less than 1:1 risk/reward. Seems like that is the sexy thing. I could be wrong but that’s my guess. Most of what’s out there is what people wanted, I suppose..." The post EP138: Compounding Your Trades (Part 2 of 2) appeared first on 2TradersPodcast.

"It’s amazing to me when you have that approach, how easier it is to keep the faith. Keep your eye on the goal. Keep your focus. It is discouraging. It stinks sometimes but it’s also liberating when you just know it’s going to happen. Like, you know you’re going to make it work..." The post EP137: Compounding Your Trades (Part 1 of 2) appeared first on 2TradersPodcast.

"Optimizing can help but again, you don’t know what the outcome is going to be. So you test 3 years and workout you can risk 5% and risk 5%. It could be too much. You could just have 3 really good years..." The post EP136: The Effects of Optimism appeared first on 2TradersPodcast.

"I think the traders who do well know how to deal with failure, basically. When you’re talking about these systems, do you think that it’s easier if you have somebody else helping you with that?..." The post EP135: Trading DeLorean appeared first on 2TradersPodcast.

Have you ever been in an uber-focus mode and everything else is just a blurry haze? Darren and Walter dive into the rabbit hole of perception this discussion. Walter talks about the two critical pieces for your trades. He talks about how the National Football League is similar to traders who automate their strategy. According... The post EP134: Perception Reality appeared first on 2TradersPodcast.

Wait for an engulfing candle to occur on the chart. The price that I pay for that is, by waiting for that candle actually form and print, that usually is going to mean that I’m going to have my stop loss pretty far away from my entry price because I waited for “confirmation” of the trade... The post EP133: Trade Confirmation appeared first on 2TradersPodcast.

Which trading skill predicts your longevity in the markets? Darren and Walter reveal the best way for you to look at your trades and the reality of big trading returns. Why do money managers do this thing? The two traders talk about a poker player and what she can teach you about trading for consistent profits. The post EP132: Resiliency (Part 2 of 2) appeared first on 2TradersPodcast.

How does resiliency work into your psychology as a trader? In this first part of a back-to-back episode of 2Traders Podcast, Darren and Walter get into Positive Psychology and how limitations and resiliency impact your trading. Do you know why many traders don’t find consistent profits?? Walter shares a story about army training relates it... The post EP131: Resiliency (Part 1 of 2) appeared first on 2TradersPodcast.

What do road hazards have to do with your trading?? In this second part of 2Traders two-part episode, Darren and Walter explore methods for setting your trading goals, what can you learn from the UK Pension Fund, and which band is the best band. According to the two traders, there is a universal motivation for... The post EP130: Relativity (Part 2 of 2) appeared first on 2TradersPodcast.

Is trading for you? Should you quit? In this first part of a two-part episode of 2Traders Podcast, Walter and Darren discuss confidence and the seduction of the “perfect” trade. According to the two traders, it helps to see the big picture rather than look at the minutiae. Darren talks about the cause and effect,... The post EP129: Relativity (Part 1 of 2) appeared first on 2TradersPodcast.