TalkingTrading

When a share just goes up and up there is a name for it: A fat tail. Mentoree Doug Dew shares his studies on market probability, fractal geometry and fat tails. Louise Bedford discusses the cost of speculation and the challenges of a small account.Mindpower Louise BedfordHow much equity is required in the markets?The cost of speculation must be worthwhile and trading smaller accounts can throw up some challenges.Hear what they are with Louise.Doug Dew MentoreeExperts are divided when it comes to markets being random or predictable and Mentoree Doug Dew shares his research.In this interview we discuss: The book: ‘A Random Walk Down Wall Street’ and the term 'heteroscedasticity’ The concept of efficient market theory Mandelbrot and Fractal Geometry The Bell Curves, nature and Karl Fredrick Guass Nassim Taleb and his book ‘Fooled By Randomness’ The importance of psychological stamina for long runs of unsuccessful trades The definition of fat tails and what to do when a fat tail comes and how to protect your

Cameron Schwab on how elite coaches build confidence and the advice CEO’s hear.After 25 years as CEO of AFL Cameron Schwab learnt a thing or two about leadership. Hear how got the best performance from his team and the advice he gives other CEO’s. Louise Bedford shares the power of making the implicit explicit.Louise Bedford MindpowerHedy Cohen was a mentoree who passed away from ovarian cancer.Before she died she passed on special journal she wrote to her children. She poured out her heart and the things she would like them to do, the light they brought to the world, and her hopes and dreams for them.Louise does this for her children and Louise’s little girl says it makes her feel very special.That is the power of writing things down.In your own life what is implicit that you need to make EXPLICIT.Cameron SchwabAfter 25 years as a CEO in the ruthless environment of elite AFL Cameron Schwab learnt a thing or two about being an effective leader.Cameron now advises and mentors CEOs and other up and coming leade

Cameron Schwab was CEO of three AFL clubs for 25 years. Hear his unique and personal insights into the world of elite sport and the leadership lessons he learnt. Louise Bedford says to stay true to your best habits.Louise Bedford MindpowerWhat can you do to make your trading more convenient?We are a sum total of our habits and it is up to us to create effective habits.Unless you make trading convenient you will procrastinate. Cameron SchwabCameron Schwab became CEO of the Richmond Football Club at the age of 24the youngest CEO in the history of the AFL.He spent the next 25 years as CEO of three AFL clubs.It was 25 years of intense education in the unforgiving, unrelenting and often ruthless environment of elite sport, where your successes and failures played out in the public forum.Cameron shares a personal and disarming insight into the challenges of leadership in elite sport.In this interview we discuss: How to be an authentic leader Experiencing success early on in your career The art of making good judgme

Scott Neeson was a Hollywood movie executive who lived the lavish Hollywood lifestyle, but after witnessing children surviving on the garbage dumps of Cambodia he quit Tinsel Town and established The Cambodian Children’s Fund. Hear his stories of the most indulgent lifestyles in the world next to the poorest and get perspective on your life and where you are headed. Louise Bedford shares on silencing that nagging voice of doubt.Louise BedfordSilence that nagging voice of doubt…The people who achieve the most in life still posses the same swirling demons and insecurities and sometimes not so private failures.They have just learnt to keep stepping forward.Scott NeesonScott Neeson’s life in Hollywood was magnificent. He earned a million dollar salary, owned a yacht, a Porsche, had A-list Hollywood friends. Cindy Crawford even lived 2 doors down from him.As president of 20th Century Fox international Scott oversaw the release of films such as Titanic, Xmen, Braveheart and Independence Day.But all this changed whe

Skullduggery or just large profit?  The scrutiny of The Royal Commission is set to alter the way big banks do business. Economist Jonathan Barratt explains the major reasons behind the commission and how it will affect the economy, the property market and investors.  Louise Bedford asks you what are your lions and tigers and bears in the market.Jonathon BarrattIn 2017 Malcolm Turnbull ordered the commission to investigate the quality of financial advice in Australia.In recent years the banking sector has exploded into big business. A bank is no longer just a bank, it is an insurer and a broker with fees and commissions designed to keep clients within the loop and the growth has created conflict.  With a culture of fees to dead people, alleged bribes, forged documents, mishandling of people’s money there have been many complaints and questions about responsible lending practices.In this interview economist Jonathan Barratt looks at: How property investors will be affected The Introducer programs and how a tail

In 2008 Adam Khoo was ranked among the top 25 richest Singaporeans under the age of 40. This interview shares his trading methodology, psychology and the wisdom of his grandfather.Louise Bedford MindpowerLouise loves doing yoga and trading is a lot like yoga.Those repetitive basics you do again and again to make tiny incremental improvements.Hear how Louise loves to base her identity on being a trader.Adam KhooAdam’s career in the markets started in childhood when his grandfather gave him share certificates to invest for Chinese New Year.It was the beginning of an investment journey, which has evolved from fundamental analysis to technical and a confidence in a trading methodology with a proven statistical edge.In this interview we discuss: Adam’s trading strategy and techniques in stocks and FX The importance of rigorous testing of your system to give you the confidence in the markets How long term profits in the markets come down to your system’s statistical edge Money management and how he maintains his ps

To tinker or not to tinker? Just how much should you play with your trading plan? In this episode hear the only times Chris Tate revises his trading plan and his daily routine of exercise, trading and finding those moments of ‘Zen.’  Our options expert Evan McQuire shares his story with Mentoree Carmel Stobbe and the life changing moments when trades go the right way for Mentorees.Chris TateBefore you go full time as a trader there are a few things to be on the look out for before you take the leap.  Here are some of them:‘The devil makes work for idle hands.’A fine line exists between tinkering with your trading plan and making necessary adjustments.Tinkering with your trading plan comes from boredom.A trading system is not designed to tell you when to trade it is designed to tell you WHEN NOT TO TRADE.As the Japanese say ‘no action is an action,’ and a good trader knows this.Chris Tate revises his trading system only after a series of very, very BIG WINS. He looks at what he could have done better, and what

What traits do the successful exhibit? Dr Tim Sharp aka Dr Happy hears inside the minds of achievers every day and he shares some of the recurring habits and traits that carry people to the top. Louise Bedford shares on which quotes capture her imagination and Chris Tate discusses how to kick start a small account.Louise Bedford MindpowerFind out which quotes inspire Louise Bedford and why.  Chris Tate in A Little TradingLearn how to kick-start a small trading account.  Dr Happy Part 2Psychologists have found time and time again that successful people tell themselves things on a daily basis.They exhibit recurring habits and patterns of thought.Here are some of them discussed by Dr Happy in this interview:1.Get started even though you might failThe author Jodi Picoult said, “You can edit a bad page, but you can’t edit a blank page”.Successful people are able to just do.2. Plan for obstacles not failureSuccessful people know that obstacles will arise so they master skill sets that prepare them for the worst.3.

Dr Tim Sharp on positive psychology and the habits of the happy and successful. Louise Bedford on what habits your children are modeling from you.Louise Bedford  MindpowerWhat habits are your children modeling from you?How much screen time and social media are you engaging with? How well do you greet your spouse when they come through the door?All these questions to prod your awareness.Dr Tim Sharp"Happiness depends on ourselves." AristotleWho doesn’t want to feel that little bit happier?Positive psychology is a new movement focused on techniques to make you thrive, flourish and be successful.  It asks what is going right with you so you can bring out the best in yourself.People who take responsibility for the parts of their lives they can control are known to be happier, have more self-efficacy and confidence.What habits are happy people are known to exhibit?1) Appreciation and gratitude and actively looking for the good things in life2) ActionAction breeds confidence.The best time to start somethi

This interview is a rare opportunity to hear market legend and entrepreneurial genius  Anthony Saliba on his business crusades around the world, his personal insights into sport, fitness and family and how his last name literally means 'Crusader'.Louise Bedford MindpowerHow are you making your wealth?Do you invest in the three pathways that lead to affluence:business, shares or property or are you tied someone else's dreams?Market Wizard Anthony SalibaAnthony Saliba was born on the wrong side of the tracks. His father was a carpenter who came home with swollen hands and pumped gas at night.It taught Anthony his work ethic and by the time he started trading it was his 27th job. By age 25 he was a millionaire. Tired of mentoring his clerks to trade 5 years later at age 30 he was ready to leave the trading floor and create the first trading simulator.In Lebanese Anthony's surname literally means 'Crusader'.  And he has lived up to his name crusading around the world helping to estab

Hear his life defining moments and how he caught butterflies and played the xylophone of the markets. Also hear from Louise Bedford about whether you should enter new trades.Louise Bedford MindpowerWhen should you consider pulling back from the markets and not enter new trades?Answering this question could just make the difference for you. Anthony SalibaFamously the only options trader to be featured in Jack Schwager’s Market Wizards, Anthony Saliba had earned $8-9 million by the time he was 30 years old.There were a few defining moments in Anthony Saliba’s early trading career. The first was as a frogman in the freezing Indiana water.After completing an accounting degree that he describes as ‘boring’ Tony entered a paddle boat race as a frogman at his university.In the freezing water he got his first job offer in a small firm in Indiapolis. But he decided that the pay wasn’t good enough and he asked who made all the money in the industry? The answer was the guys on the floor.But his boss told him he was neve

Chris Tate sets out the reality of full time trading and what sets his financial thermostat and Louise Bedford shares how to handle a windfall profit.Chris TateFULL TIME TRADING is an easy thing to say but a difficult transition to make. And whilst full time traders are internally directed there are a couple of things to watch out for before taking the leap.1.Under capitizationThere is an old Wall Street saying “Scared Money Never Wins.’If you are dependent on the next trade to put food onto the table you are going to generate a host of errors along the way.2. StructureHow do you structure you time, your day, your finances? How do you pay yourself?Boring things like this have to be worked beforehand because once you have made the move - it is too late.Chris’ advice:  Have big goals with money – and with good grace of hard work and all your ducks lining up you will achieve them.How does Chris set his wealth thermostat?The markets are the facilitator of the life he wishes to lead and his inspiration comes from

Mentoree Bob Mitchinson demonstrates the power of a support group for trading results, Chris Tate on which markets are trending around the world, Louise Bedford on make a will for goodness sake.Market Wrap - Chris TateThe US is seeing a juxtaposition of some markets moving to all time highs and others hopping from one foot to another.Meanwhile the Australian market has attempted to push to a new high and got within a hairs breath of 1650. In commodities the energy complex is moving but does it have anything to do with the Gordian Knot of Middle Eastern geopolitics or not?Hear which softs are trending and what Chris has his eye on for this week.Mindpower - Louise BedfordWhen did you last look at your will?Are you absolutely certain that it reflects your views and opinions?Louise is watching as relatives are fighting for a will. The best way to protect those you love is to create a will that reflects your wishes and the legacy you were hoping to create can create a ripple effect into the world.Bob MitchinsonBob

Listen for more trading magic with George Rolleston and the advice he gives traders after his 15 years in the markets. Hear Chris Tate on the nature of success and Louise Bedford on ‘Lessons from Splash Mountain’.A Little Trading with Chris TateThe reality of success is often a grind… it takes time… it takes effort.So how long should you persist if you aren’t making good profits in the markets?Hear why Chris recommends every trader keep a copy of Market Wizards and New Market Wizards by their bedside.Mindpower with Louise BedfordEven Disneyland holds lessons for traders.Going down a scary ride again and again desensitizes even the most frightened.The more you do something the easier it becomes and less of a rush you get.Traders can suffer from desensitization in the markets.But if you are following a solid trading plan you won’t suffer the GAMBLER’S CURSE.George RollestonAfter studying with Stock Market Wizards Mark D Cook and Mark Minervini George continued his education and has been trading professionally f

Trader George Rolleston on what he learned from studying with Stock Market Wizards Mark D Cook and Mark Minervini. Plus find out whether Chris Tate thinks trading is a hobby and hear from Louise Bedford about ‘your success map’.Mindpower – Louise BedfordWhat is your success map?What does success look like for you?There is inspiration found in looking outward and if you see greatness in others you can emulate the inspiration.Sometimes comparing yourself to other traders can inspire healthy growth.Look admire emulate.  That is the formula.A Little Trading – Chris TateCan you treat trading like a hobby or do you need to dive in from the beginning?According to Chris: Have you ever met a neurosurgeon who you would trust to operate on your head who treated neurosurgery as a hobby?Hear this segment for more.George RollestonFrom playing share trading competitions as a five year old with his brother, George has been in the markets professionally for over 15 years.He studied under two of the great Stock Market Wizards

Get ready to be inspired with this Talking Trading classic with charting legend Peter L Brandt. Hear his trading journey and how he knows the heartbeat of his trading plan better than his own wife! Plus hear Louise Bedford on finding your own inner Evel Knievel.Mindpower with Louise BedfordFind your own inner Evel Knievel and learn to take risks.Bringing in the dollars requires you to get out your comfort zone.Not learning to trade, not taking up opportunities is the biggest risk of all.Peter L BrandtPeter L Brandt has been a classical chartist for over 40 years.In 2011 he was named one of the 30 most influential people in finance.His book Diary of a Professional Commodities Trader was Amazons No. 1 ranked bestseller on trading for 27 weeks.Hear Peter’s weekly trading routine, why he sees trading as a process of discovery and why young traders need to deconstruct successful trades.Peter knows the heartbeat and personality of his own trading approach better than he knows his wife of 46 years.To novice traders

It is time to be in the pilot’s seat of life and create your own luck.  Enjoy this episode with Louise Bedford and Michael Yardney on how the successful make their own opportunities.Louise Bedford and Michael YardneyLuck favours the persistent.Luck favours the brave.Luck favours the hard working.Successful people create their own LUCK and their own destiny. They are the PILOTS of their own lives not the passengers.Successful people have failed more often than the unsuccessful but they have survived…. they kept going …. they lived to fight another day.Successful people have also tried the hardest. Talent alone is not enough, for luck to flourish you must relentlessly develop your own skills. It takes the right mindset, the right place, the right person and the right opportunity to create your LUCK.Luck equals opportunity and preparation.Who you hang around is also another big factor. You are also the product of the 5 people who are closest to you.Michael introduced Louise to property investing and presented a

Aksel Kibar from ‘The Jewel of the Black Sea’ in Bulgaria on his trading style and the frontier market of the UAE. Plus, hear from Louise Bedford in her Mindpower segment about why you should never stop learning in the markets. Aksel KibarAksel has worked for the largest banks in Istanbul and Abu Dhabi.He spent 9 years trading in the sovereign investment world of the United Arab Emirates witnessing its transition from a ‘frontier’ to an ‘emerging’ market.In this interview we find out whether technical analysis was a legitimate way to look at the markets in the middle-eastern world and how it compared with fundamental analysis at the time.We also discuss how charting is the international language crossing all borders and cultures and why Aksel started focusing on flat range break outs in the region.Aksel describes his trading routine and the human emotions he has to be on the look out for whilst trading.We also take a brief look at the socio economic climate of the UAE and Turkey and finally Aksel gives three

Mentoree Wendy Gaylord on her trading journey and Louise Bedford on why it is dangerous to share your goals too soon.  Wendy Gaylord – Mentoree 2016Wendy Gaylord thought she was the last person in the world to have anything to do with trading.But life had other plans for her.Four years ago she met Louise Bedford at a party and her journey in the markets began.Hear how the mentor program unearthed deep patterns in her psychology, which were preventing her achieving to her capacity and how taking Louise’s advice to break things down into baby steps became a strategy and life lesson. Braden Gardiner – Trade Direct 365Broker Braden Gardiner discusses his service at Trade Direct 365.   Mindpower - Louise bedfordHaving goals is important.Sharing goals is important too.Not OVER sharing your goals is more important still.Louise looks at what neurologically happens when you share goals too soon with people and why you must be guarded.Your subconscious needs reinforcement after the achievement of the goal not before it

Mindpower - Louise BedfordDon’t Give UpWhen you think back over your life there are things you handle now that were once as perplexing as hell.Once you have conquered a skill the struggle is forgotten and trading is no exception.The efforts you are going to now will set you up for a life of ease in the future. Chris HelderMotivational speaker Chris Helder continues discussing his new Wiley bestseller Cut the Noise and he tells the incredible story of his mother during Operation Baby Lift.In 1975 as the Vietnam War was raging, a mass evacuation of orphan babies from South Vietnam to western countries took place.Operation Baby Lift ended up saving over 10,000 babies from the Vietcong.Chris’s Mum was a volunteer in the operation.She was supposed to be on the first jet out of Saigon which blew up killing 222 volunteers and orphan babies.Instead, she ended up on the second flight and we hear how she overcame her moment of panic and terror to continue the mission to end up saving 2,700 babies.She was so COMMITTED T