TalkingTrading

Do you have an interest in prop trading? Pavel Dusek shares on how it can shake things up for traders and Louise Bedford on the science behind risk-taking for traders.Mindpower – Louise BedfordLouise shares two fascinating studies on risk-taking and heart rates while trading.Ever heard of toxoplasmosis? After this segment, you won't forget it.  A Little Trading – Chris TateWe ask CT what on earth is a "bid-ask spread"?    Pavel Dusek FTMOPavel discusses what prop trading is, how it works (10.30 mins) and how FTMO prop traders work from their home locations all over the world.At 12.15 mins he looks at what sort of trader tends to make it and the trading personalities which tend to be more effective.At 14.55 mins he talks on how traders avoid burnout and the importance of keeping a vision.And finally, Pavel discusses the advantages of prop trading and how it can shake things up for people with capitalisation.  (19.02 mins)If you would like to get involved and find out more go towww.talkingtrading

Tony Kynaston from QAV on how he makes quality returns in the markets.Louise Bedford - Unsung HeroGeoff Meers is a “bomb” and here is why.His role in the army was ‘bomb disposal’ and he has taken all the skills he learnt to the markets to stand himself in good stead to become an exceptional trader.Geoff has not only has grown himself he has helped other people make changes too. Tony KynastonTony has been investing for 25 years and he has made every mistake under the sun.But after reading Warren Buffett’s book Making of an American Capitalist and The Check List Manifesto he began to trade systematically with a disciplined process in place.We talk about the key data points and metrics he uses before he invests, how Tony determines the value of a stock and what to pay for it. (4.20 mins)Why he believes CASH IS KING AND PROFIT IS AN OPINION.Tony describes his investing portfolio and explains what he means by value investing (10.15 mins.)At 11.15 mins we talk about Coronavirus and the effect it has had on the mark

From Wall Street legends to Mount Everest climbers, Market Wizards to billion-dollar CEOs, here are top 10 secrets of their success.Caroline StephenIn nearly 7 years we have featured Wall Street legends and world champion athletes, to billion-dollar CEOs and many Market Wizards in between.Here are the top ‘10 Tips for Success’ over 300 episodes of Talking Trading.Thank you to all our treasured listeners.   Know someone who would love Talking Trading?Show a friend how to register on www.talkingtrading.com.au so they can share in your passion for the markets. If you’re serious about taking your trading to the next level, don’t leave it to chance. Head over to tradinggame.com.au and grab your free trading plan template. It will help you trade with confidence and clarity. Visit tradinggame.com.au, sign up, and get your template now. Trade confidently. Louise Bedford is a best-selling author and founder of www.tradinggame.com.au and www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

Trading Coach Mandi Pour Rafsendjani on what makes traders great.Louise Bedford Unsung HeroFrederick Hoogenboom trades from Singapore and doesn’t use distance as an excuse.Fred, we love your results and that you are working on trading besides your time-intensive career.Trading provides a little bit of extra and the feeling that you are cheating the system. Mandi Pour RafsendjaniIn part 2 of this interview, Mandi spills the beans on what makes traders' great.At 3.10 mins hear how the most important this a trader can do is know their weaknesses and how they perform under market pressure.Hear the difference between active versus professional trading and how 75% of traders make a loss and 25% make a dollar profit or more at 11.05 mins.And the two reasons why traders lose money: They let their losses run They scale into their losing trades.At 11.45 mins Mandi shares how guilt is the most common emotional block which hinders trader's performance and how all it takes is a transformational coaching session

Trading coach Mandi Pour Rafsendjani on how to build self-confidence and tap into your inner super-hero.Doug and LouiseLouise Bedford Unsung HeroDoug Blandford lives on a huge property out the back of WA in a place so remote people can’t find it on a map.He is a retired Environmental Earth Scientist and life hasn't been easy. But he took his resilience to share trading and finessed his plan, took on the advice of Louise Bedford and Chris Tate and his results have been spectacular.Caroline and MandiMandi Pour RafsendjaniThe number one question Mandi gets asked as a trading coach is ‘How Can I Be More Confident?’The answer comes through habits.At 5.35 mins we talk on how habits form a structure which brings clarity and leads to confidence. Mandi is close to legendary trader Linda Raschke and she shares how important structure is to Linda's trading.At 13.10 mins Mandi looks at the power of self-talk and how successful traders externalise their feelings into action and solutions. Hear the personal pep t

Creating a trading family with Louise Bedford and mentoree Yvonne King.Yvonne KingTrading can be a solitary occupation - but there are ways to feel more connection and establish a support network in the markets.Many listeners know that Chris Tate and Louise Bedford have been running their Mentor Program for the past 20 years. However, they also run a graduate program called The Trading Boardroom. Yvonne King completed the Mentor Program in 2018 and has been a Trading Boardroom member since 2019.Yvonne talks about the importance of support and the role her buddy group meetings in Adelaide play in her trading life.At 13.17 mins hear the level of focus that The Mentor Program and Boardroom have brought Yvonne and how she discovered along the way that “planning for trading is the same as planning for life”. Louise Bedford - MindpowerHaving the right team around you counts, even in the solitary area of trading.Getting the right support, getting your needs met, and working out who you need to be a success.Once you

Dr Daniel Crosby and Louise Bedford on our primitive brains versus investing.Louise BedfordHow we react hunting on the savannah with the sabre tooth tiger over our shoulder is not always compatible with how to make money in the market.Our instinctive reactions can prevent us from cutting a loss short and letting your profits run. But once you hear it broken down you can reprogram yourself and make profits. Dr Daniel CrosbyDr Daniel Crosby continues to break down behavioural finance into practical applications.We look at two more behavioural errors and biases for humans: The need for ATTENTION and doing the small things correctly (7.30 mins) CONSERVATISM and the desire to protect a known status quo. (9.55 mins)We then talk about the topic on everyone’s lips, Corona Virus and the impact it is having on share traders. Not only are the markets affected so is our mental health which impacts our trading decision making.At 13 mins we talk about why humility makes you into more profitable traders and Daniels Ted X Ta

Dr Daniel Crosby makes behavioural finance fascinating and explains why our primitive brains are hardwired 180 degrees against investing in the stock market.Caroline StephenThe price of West Texas Intermediate Crude oil went into negative dollars for the first time in history. Here is a quick look at the price drop and the differences between Brent and West Texas Crude.  Dr Daniel CrosbyWhy is trading so hard to master? Daniel explains it.It is true, God or nature could not have created a worse investor than you or I.Our brains are wired 180 degrees backwards to invest in the stock market.Humans hate NOTHING more than uncertainty.In over 2500 years our primitive brains have not had a substantial upgrade and there is an enormous mismatch for what we were made for in cave-man times and what is required in modern financial marketsFor instance, why are we statistically wired to be 2.5 times more upset about a loss than a comparably sized win?  Daniel explains it at 9.45 minsAnd then he talks about the 3 types of

Chris Tate answers your most burning trading questions on these Corona affected markets.Chris TateCT talks on distractions while trading and whether he leaves his mobile phone in another room (5.10 mins).We also ask what goes through his mind when he gets a signal in a choppy market and how he handles resistance to it (7.08 mins).We discuss options writing and he talks on the BEHAVOURIAL GAP in trading, which is the difference between the profit you would have made and the profit you did make (10.20 mins).He points out that traders pay IDIOT LEVIES for delays and efficiency gaps and that short- term traders need to be ‘Johnnie on the spot’.His final piece of advice for these Corona affected markets (16 mins) – don’t try and trade the turn. Louise Bedford – MindpowerPeople who have a financial support network make 2-3% more per annum.We need to support to keep us going because we all fall prey to our own psychology.You will benefit more by being out of the market during the worst times.  Know someone who would

COVID-19 is the pandemic of a generation and Chris Tate tells you how to protect yourself when the markets go from manic to panic.Louise Bedford - Unsung HeroJulia Osorio is a driving instructor and the mechanical attitude and way she teaches people to drive, has translated into her executing her trading plan in the same way, every single time.In only 2 years Julia is trading like a pro.  Chris TateCOVID-19 is the pandemic of a generation.People have reacted with primitive fight or flight mechanisms and all rushed towards the door taking the markets into panic territory.At 6.20 mins hear the old parable that says “Would you rather mistake a bear for a rock or a rock for a bear?” The correct answer is… a rock for a bear … because then you just look silly.But people have seen a bear and mistaken it for a rock and the bear has run up to them growling.The massive drop in markets has been the result.Hear how Chris has protected himself in this environment (7.15 mins).Then we ask Chris your most burning questions o

Listen to scalper Andrew Aziz and take to heart his lessons on the markets.Louise Bedford Unsung HeroBruce Fenwick - you are 'Mr Consistency'. You are happy to do without now so you have a better future.You also realize what all great traders know, “if it is to be it is up to me”. Andrew AzizAndrew Aziz is a day trader who describes himself as an engineer by training, a trader by profession, an adventurer by heart.It is a good description of this young man who makes $1000 - $2000 per day trading.Andrew is a ‘scalper’ who makes money out of the big moves in a short period of time.He is the author of “How to Day Trade for a Living.”After training as a chemical engineer Andrew became fascinated by the stock market. In 2016 he started Bear Bull Traders so he could create a community of traders.Andrew reveals all in this interview (although I wish I had of asked more about his adventuring life).He discusses the most embarrassing trading story where he committed the deadliest sin in trading and lost $7000

Gil Ben Hur on being Zen in the markets and key mental tools. Chris Tate on the nature of mania and The South Sea Bubble.Gil Ben HurGil and I had a fantastic conversation on managing risk in an unexpected environment and key mental tools to use when trading.Ever felt taking losses in trading is almost an inhuman task? Gil explains the psychology behind it (12.15 mins) and how we are all trained to be winners in life.At (16.25mins) we talk on the hardest challenges for traders who work from home and don’t have the advantage of a professional trading environment. Traders have to be prepared to not know the outcome of their trades every day and that darn thing called the human ego gets in the way.Gil then describes some key attributes of successful traders (17.45 mins).You will love this part.Gil says good traders are egoless, they have a ZEN personality, they have self-awareness, they are sensitive to the waves of the market they are riding, they are effective listeners of the market, and they approach the mark

Coronavirus has spread irrationality through the market. Hear Chris Tate’s wealth of experience on what to do in these mania type situations.Chris TateThe Coronavirus has spread into the markets and sent indexes plummeting.But Chris says ‘Lunacy at the end of mania is a common occurrence.’ (5 mins)These events are only an issue if you don’t have a trading plan. (8.30 mins)Hear Chris’ wealth of experience at a time like this and what you should do to preserve your capital (11.55 mins) as well as the myriad of trading opportunities.Chris looks at indices, oil and commodities and how not to play a fool’s game. Louise Bedford - Unsung HeroHear how Adam Talbot has bought himself a one-way ticket out of Australia.Because of his sterling results after completing our Trading Game Mentor Program, he's gained freedom, travel, and financial serenity.To register for Priority Notification about when we're running the next Trading Game Mentor Program, click here.    Know someone who would love Talking Trading?Sho

Savour Steven’s stories from 25 years experience on trading floors which highlight what you need to become a top-performing trader.Louise Bedford MindpowerMake sure the instrument you buy is marriage material.We are looking to make sure everything we want is represented before we place money in it.Do you have a checklist?  Do you have an archetype? Steven GoldsteinWe talk on many topics in the second part of Steven’s interview starting with why most traders fail to change (4.05 mins).As Daniel Kahneman 2002 Nobel Prize Winner in Economics said ‘We are blind to our blindness’.We look at the power of keeping a trading journal, and if this doesn’t inspire you to keep one I don’t know what will.Then we talk on PERFORMANCE GAPS (7.40mins), which are not market analysis but human behaviour based.We touch on the importance of mentoring and a coach (11.05 mins) and your Tradar, invisible receptors on your head and how the market talks to people. (15 mins)Hear about the Citibank dinner in Munich (17.28 mins) and final

Get yourself in top trading shape for 2020 and listen to Steven Goldstein’s 25 years of experience as a trader at Credit Suisse, Commerze Bank and American Express. His trading lessons are fantastic. Louise Bedford in her Mindpower segment reframes losses so they are not failures. Louise Bedford– MindpowerBefore you start trading, do you think how hard can it be?But then you get some losses and they gather in momentum and they feel like failures?Even professional traders fail a lot. Reframe those trading losses so that if you have followed your written trading plan you are one step closer to that big trading win. Steven GoldsteinSteven learned trading by being thrown in the deep end. He went on to gather 25 years experience on the banking floor.Steven talks (at 8:10 mins) on the huge amount of effort it takes for a trader to develop. Just like learning to box or play the guitar, trading takes a high level of skill and personal development to be consistently profitable.After all, if trading were easy everyone

Take your financial journey to the next level with Matt Morrison, Chris Tate and Louise Bedford.Louise Bedford– MindpowerDo you feel you deserve a pay rise and that your boss should be increasing those bucks for your time?You need to ask in the right way, here are specific instructions: Be exact with the amount you are asking Add 20% onto the amount you originally thought Ladies make sure you use cooperative language and that you also know you are worthy of a rise.The more you can earn outside of trading is the more you can put aside for your trading equity.Chris Tate - A Little TradingHear Chris’s simple and blunt answer on why liquidity in the markets is important.Here is a snapshot: “If no one else wants it why do you?”   Matt MorrisonAs Jim Rohn said ‘Formal education will make you a living, self-education will make you a fortune.’Financial advisor Matt Morrison from The Practice has put his heart and soul and 1200 hours into writing a new book called Freedom Lifestyle and Legacy.It is a step by step fram

This episode is power-packed with information to take your trading to the next level.Louise BedfordBeing a trader can be solitary and feeling connected to other people can be a challenge.Did you know that loneliness is as lethal as smoking 15 cigarettes per day but how do you get a system in place to evaluate if a person is genuine?Hear about the giver – matcher – taker philosophy and what we do on Talking Trading when we get guests lined up to ensure we have productive, long term relationships.As traders we don't only want exceptional profits we want our best relationships too. Jason McIntoshHope and trading don’t mix.Strategies that work in everyday life do not always work in trading and HOPE can positively ruin a trader’s portfolio.Jason talks on the imperatives of trading rules, the power of back-testing and the place where algorithms shine.Get Jason’s 4-part free video series called ‘The Trader’s Workshop’ by going to www.motiontrader.com.au/talkingtrading. Chris TateLet some of Chris Tate’s 30 year

Short cut your trading learning curve with Dr Brett Steenbarger part 2  on how to become an elite trader.Mindpower – Louise BedfordTrading psychology is SO important.If you want HIDEOUS results from the market do these things: Be captain random and don’t use a written trading plan Play the blame game Let fear drive you Let your ego run amok.To get the big bucks in the markets you have to be consistent responsible and brave and have excellent trading psychology.  Money is attracted to emotional maturity and your level of financial satisfaction will rarely exceed your level of personal development. Brett SteenbargerIn this interview, we discuss how to deal with drawdowns in the markets so they don't traumatise us (5.45 mins) and with a psychologist of Brett’s calibre I had to broaden this question and ask him how to deal with drawdowns in life. (9 mins)We look at the massive advantage prop firms have in trading performance (10.30 mins) and the importance of a trading ‘family’ in getting results.At (15.05 m

Dr Brett Steenbarger is a trading performance coach at some of the world’s leading hedge funds and propriety funds. Hear what makes an elite trader and how you can be one.MindpowerCalm your anxiety – immediatelyLearn this great technique to relieve trading anxiety and restore your equilibrium so you can trade to your potential.  Dr Brett SteenbargerDr Brett Steenbarger is a world-renown performance coach for hedge fund portfolio managers and traders, he is a regular columnist to Forbes Magazine and has written several books on the psychology of trading.Hear how “good trading comes from the soul, not the ego” (5.50mins).At 7.25 mins hear how successful traders ‘listen’ to the markets and how Steenbarger’s first turnaround in the markets came when he viewed them as 'communication', as if he was doing therapy and it was a relationship of empathy and understanding.At 10.20 mins hear what is it that Steenbarger looks for when he is helping Wall Street hedge funds hire traders and the essential element is

What a fantastic year and to celebrate Louise and Chris look at the most burning and pressing issues in trader’s psyche during 2019.Louise Bedford and Chris TateWhat were the key psychological issues people faced in 2019?FOMO or fear of missing out dictates the majority of people's trading decisions even though it might mean the trades they take are sub-optimal or non-existent. (46 secs)Chris and Louise see the number of people trades that in no way resemble their trading plans.Making sure trades match your archetypal trade look is essential as is finding a trading time frame which suits your personality.At (6.10 mins) hear the strangest thing happened in the markets in 2019, the All Ordinaries were the second-best performing index in the world.Hear Chris’ theory behind systems and how if his trading system breaks even he is happy because it relieves pressure.And listen to their end of rituals (12.46 mins). Chris suggests going through and looking at how many trades match your rules.Louise writes her big