<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:media="http://search.yahoo.com/mrss/" xmlns:podcast="https://podcastindex.org/namespace/1.0">
  <channel>
    <atom:link href="https://feeds.simplecast.com/PZffvjEY" rel="self" title="MP3 Audio" type="application/atom+xml"/>
    <atom:link href="https://simplecast.superfeedr.com" rel="hub" xmlns="http://www.w3.org/2005/Atom"/>
    <generator>https://simplecast.com</generator>
    <title>Confidence in Trading</title>
    <description>Explore the fascinating world of psychology and the human element of trading with Agnieszka Wood, a seasoned trader with over a decade of experience and a highly regarded Trading Mindset Coach. Take a deep dive into different perspectives to help you navigate the emotional ups and downs of trading with self-compassion and confidence. Whether you&apos;re just starting out or you&apos;re a seasoned pro, this podcast will be your trusted companion, providing support on your trading journey!</description>
    <copyright>Ahead Coach LLC</copyright>
    <language>en</language>
    <pubDate>Fri, 3 Apr 2026 05:00:00 +0000</pubDate>
    <lastBuildDate>Fri, 3 Apr 2026 05:00:11 +0000</lastBuildDate>
    <image>
      <link>http://confidenceintrading.com/</link>
      <title>Confidence in Trading</title>
      <url>https://image.simplecastcdn.com/images/b45e1787-1f9e-43d1-81cd-5a5c32640153/c32c6fda-5ece-41ef-b7eb-8a432a03b08a/3000x3000/confidence_in_trading_podcast.jpg?aid=rss_feed</url>
    </image>
    <link>http://confidenceintrading.com/</link>
    <itunes:type>episodic</itunes:type>
    <itunes:summary>Explore the fascinating world of psychology and the human element of trading with Agnieszka Wood, a seasoned trader with over a decade of experience and a highly regarded Trading Mindset Coach. Take a deep dive into different perspectives to help you navigate the emotional ups and downs of trading with self-compassion and confidence. Whether you&apos;re just starting out or you&apos;re a seasoned pro, this podcast will be your trusted companion, providing support on your trading journey!</itunes:summary>
    <itunes:author>Agnieszka Wood</itunes:author>
    <itunes:explicit>false</itunes:explicit>
    <itunes:image href="https://image.simplecastcdn.com/images/b45e1787-1f9e-43d1-81cd-5a5c32640153/c32c6fda-5ece-41ef-b7eb-8a432a03b08a/3000x3000/confidence_in_trading_podcast.jpg?aid=rss_feed"/>
    <itunes:new-feed-url>https://feeds.simplecast.com/PZffvjEY</itunes:new-feed-url>
    <itunes:keywords>coaching, confidence, consistency, day trading, discipline, entrepreneur, finance, income, market, mindset, profit, stock market, stocks, strategy, trader, trading, trading coach, trading niche, trading business, trading plan, trading psychology, mindset coach</itunes:keywords>
    <itunes:owner>
      <itunes:name>Ahead Coach LLC</itunes:name>
      <itunes:email>launchyourlife@aheadcoach.com</itunes:email>
    </itunes:owner>
    <itunes:applepodcastsverify>254562f0-0374-11f1-9f25-959254608f36</itunes:applepodcastsverify>
    <itunes:category text="Business">
      <itunes:category text="Investing"/>
    </itunes:category>
    <itunes:category text="Education">
      <itunes:category text="Self-Improvement"/>
    </itunes:category>
    <itunes:category text="Health &amp; Fitness">
      <itunes:category text="Mental Health"/>
    </itunes:category>
    <item>
      <guid isPermaLink="false">7daa05a3-751d-4e36-84a7-58f1febfbc12</guid>
      <title>Trading Is A Reflection—What Patterns Are You Repeating?</title>
      <description><![CDATA[<p>Over the last 7 years of coaching traders, one thing has been consistent:</p>
<p>The situation changes… but the pattern comes back.</p>
<p>In trading.<br>
 In business.<br>
 In life.</p>
<p>In this episode, Agnieszka shares how the patterns she had already worked through as a trader showed up again while building her company — and how approaching them differently allowed her to expand even further.</p>
<p>From being okay with uncertainty and making decisions without knowing if they would work…<br>
 to shifting away from pushing harder for results and trusting the process…<br>
 to holding boundaries, trusting her decisions, and no longer letting others influence how she feels about herself.</p>
<p>Trading didn’t just reveal these patterns once.<br>
 It continues to bring them back—at a different level.</p>
<p>Because this work is never done.<br>
 It just deepens.</p>
<p>And that’s what allows you to become a better trader over time.</p>
<p> </p>
<p><strong>About Agnieszka Wood</strong></p>
<p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p>
<p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p>
<p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p>
<p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p>
<p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><a href="https://www.aheadcoach.com/store" rel="noopener noreferrer">Click here</a> to explore different ways we can work together.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 3 Apr 2026 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Over the last 7 years of coaching traders, one thing has been consistent:</p>
<p>The situation changes… but the pattern comes back.</p>
<p>In trading.<br>
 In business.<br>
 In life.</p>
<p>In this episode, Agnieszka shares how the patterns she had already worked through as a trader showed up again while building her company — and how approaching them differently allowed her to expand even further.</p>
<p>From being okay with uncertainty and making decisions without knowing if they would work…<br>
 to shifting away from pushing harder for results and trusting the process…<br>
 to holding boundaries, trusting her decisions, and no longer letting others influence how she feels about herself.</p>
<p>Trading didn’t just reveal these patterns once.<br>
 It continues to bring them back—at a different level.</p>
<p>Because this work is never done.<br>
 It just deepens.</p>
<p>And that’s what allows you to become a better trader over time.</p>
<p> </p>
<p><strong>About Agnieszka Wood</strong></p>
<p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p>
<p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p>
<p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p>
<p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p>
<p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><a href="https://www.aheadcoach.com/store" rel="noopener noreferrer">Click here</a> to explore different ways we can work together.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="25062665" type="audio/mpeg" url="https://cdn.simplecast.com/media/audio/transcoded/a1e4eca0-d3ad-4ae1-9a4c-988e4e10d556/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/audio/group/b88e6809-bddf-46f6-a704-8048017c9916/group-item/3fbb0fce-2d6a-41ae-8ea2-b77c7ec3c2b2/128_default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trading Is A Reflection—What Patterns Are You Repeating?</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:26:06</itunes:duration>
      <itunes:summary>Trading is a reflection — of how you think, how you feel, and how you respond.
In this episode, Agnieszka Wood reflects on the last 7 years of building Ahead Coach and how the same patterns she once faced in trading showed up again in business — allowing her to approach them differently, expand further, and become an even better trader.</itunes:summary>
      <itunes:subtitle>Trading is a reflection — of how you think, how you feel, and how you respond.
In this episode, Agnieszka Wood reflects on the last 7 years of building Ahead Coach and how the same patterns she once faced in trading showed up again in business — allowing her to approach them differently, expand further, and become an even better trader.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>77</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">f20a0792-74e7-4a5b-9a68-e3ff6f847278</guid>
      <title>The Question Traders Fear Most: What If Trading Isn’t for You?</title>
      <description><![CDATA[<p>In this episode, I explore why so many traders feel pressure to make trading work—and how that pressure changes the way they think, act, and make decisions.</p>
<p>We look at the difference between trying to prove something and actually becoming a trader, and why this shift is essential if you want to build consistency. This is not about your strategy. It’s about how you show up to the process.</p>
<p> </p>
<p><strong>About Agnieszka Wood</strong></p>
<p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p>
<p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p>
<p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p>
<p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p>
<p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><a href="https://www.aheadcoach.com/store" rel="noopener noreferrer">Click here</a> to explore different ways we can work together.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 20 Mar 2026 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, I explore why so many traders feel pressure to make trading work—and how that pressure changes the way they think, act, and make decisions.</p>
<p>We look at the difference between trying to prove something and actually becoming a trader, and why this shift is essential if you want to build consistency. This is not about your strategy. It’s about how you show up to the process.</p>
<p> </p>
<p><strong>About Agnieszka Wood</strong></p>
<p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p>
<p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p>
<p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p>
<p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p>
<p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><a href="https://www.aheadcoach.com/store" rel="noopener noreferrer">Click here</a> to explore different ways we can work together.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="10799401" type="audio/mpeg" url="https://cdn.simplecast.com/media/audio/transcoded/a1e4eca0-d3ad-4ae1-9a4c-988e4e10d556/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/audio/group/5ef5f329-6961-4da3-9351-a0efe0c7890c/group-item/ea7abc48-6a57-4e6f-89eb-80482dc8e179/128_default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Question Traders Fear Most: What If Trading Isn’t for You?</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:11:14</itunes:duration>
      <itunes:summary>What if trading is not for you? It’s a question most traders avoid—not because of what it means about trading, but because of what it might mean about them.
</itunes:summary>
      <itunes:subtitle>What if trading is not for you? It’s a question most traders avoid—not because of what it means about trading, but because of what it might mean about them.
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>76</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">47b5eb70-cdce-42f7-a1eb-215698acf7e1</guid>
      <title>Is Trading Really for You? Why Most Traders Approach the Market Backwards</title>
      <description><![CDATA[<p>Is trading truly for you — or are you approaching it the wrong way?</p><p>In this episode, I’m joined by Peter Robbins, a trader with over 50 years of market experience, to mark the release of his new book, <i>The Trader’s Journey</i>. We talk about the biggest misconceptions traders hold, why focusing on money too early can slow real progress, and what it really means to treat trading as a serious profession. We explore competence, risk, execution under pressure, and the difference between wanting to trade and being prepared for what trading demands.</p><p><a href="https://t.co/21rMaD4TYS">📘 <i>The Trader’s Journey</i></a> is now available for purchase.</p><p>If you’d like to build discipline that doesn’t collapse under pressure, join my free masterclass at <strong>tradingmindsetmasterclass.com</strong>.<br /> </p><p><br /><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p><a href="https://www.aheadcoach.com/trading-psychology-masterclass">Click here to join Free Masterclass on February 25, 2026 </a></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p> </p><p><strong>About Peter Robbins</strong></p><p><i>The Author of "The Trader's Journey"</i></p><p><a href="https://t.co/21rMaD4TYS">Click here to order the book</a><br /><br /><a href="https://x.com/prrobbins">Click here to connect with Peter Robbins on X</a></p><p>Peter Robbins is a highly experienced trader who has spent over 50 years navigating the financial markets. His career includes extensive corporate experience in finance and investments across the insurance, real estate, and medical technology industries. His passion for trading has led him to be a dedicated mentor, sharing his wisdom with an online community of over 100,000 followers.His trading style has evolved to include day trading futures, swing trading stocks and options, and position trading ETFs.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 20 Feb 2026 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Is trading truly for you — or are you approaching it the wrong way?</p><p>In this episode, I’m joined by Peter Robbins, a trader with over 50 years of market experience, to mark the release of his new book, <i>The Trader’s Journey</i>. We talk about the biggest misconceptions traders hold, why focusing on money too early can slow real progress, and what it really means to treat trading as a serious profession. We explore competence, risk, execution under pressure, and the difference between wanting to trade and being prepared for what trading demands.</p><p><a href="https://t.co/21rMaD4TYS">📘 <i>The Trader’s Journey</i></a> is now available for purchase.</p><p>If you’d like to build discipline that doesn’t collapse under pressure, join my free masterclass at <strong>tradingmindsetmasterclass.com</strong>.<br /> </p><p><br /><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p><a href="https://www.aheadcoach.com/trading-psychology-masterclass">Click here to join Free Masterclass on February 25, 2026 </a></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p> </p><p><strong>About Peter Robbins</strong></p><p><i>The Author of "The Trader's Journey"</i></p><p><a href="https://t.co/21rMaD4TYS">Click here to order the book</a><br /><br /><a href="https://x.com/prrobbins">Click here to connect with Peter Robbins on X</a></p><p>Peter Robbins is a highly experienced trader who has spent over 50 years navigating the financial markets. His career includes extensive corporate experience in finance and investments across the insurance, real estate, and medical technology industries. His passion for trading has led him to be a dedicated mentor, sharing his wisdom with an online community of over 100,000 followers.His trading style has evolved to include day trading futures, swing trading stocks and options, and position trading ETFs.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="36445785" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/53acd0b8-0b79-4499-98f2-8d174e7eab18/audio/ee2e59ba-7177-4450-9ae1-6de0fc956e1c/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Is Trading Really for You? Why Most Traders Approach the Market Backwards</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:37:57</itunes:duration>
      <itunes:summary>Is trading really for you — or are you approaching it backwards? In this episode, 50-year market veteran Peter Robbins joins me to explore expectations, competence, risk, psychology, and what it truly takes to treat trading as a serious profession.</itunes:summary>
      <itunes:subtitle>Is trading really for you — or are you approaching it backwards? In this episode, 50-year market veteran Peter Robbins joins me to explore expectations, competence, risk, psychology, and what it truly takes to treat trading as a serious profession.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>75</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">ae05f07d-3794-4327-99c1-2b6aabf145db</guid>
      <title>What Most Traders Get Wrong About Performing Under Pressure</title>
      <description><![CDATA[<p>Most capable, ambitious traders don’t struggle because they lack discipline or motivation.<br />They struggle when pressure quietly changes how they show up.</p><p>In this episode, Agnieszka explores a belief many high performers hold — <i>“I work best under pressure”</i> — and how that belief can shape behavior in ways traders don’t always see.</p><p>You’ll learn:</p><ul><li>Why pressure doesn’t just test discipline, but alters decision-making</li><li>How effort and forcing can actually increase internal pressure</li><li>What early signs of change look like before performance improves</li><li>Why internal shifts always come before external results</li></ul><p>This episode isn’t about fixing yourself or adding more tools.<br />It’s about understanding what’s really happening beneath the surface — and why noticing it changes everything about how you work with yourself as a trader.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p><a href="https://tpc.tradefulness.com">Click Here to Register</a> for the Annual Trading Psychology Conference Feb 12, 2026</p><p><a href="https://www.aheadcoach.com/trader-s-good-habit-tracker">Click here to download Trader's Good Habit Tracker</a> and discover which habits truly move the needle in your results. </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 6 Feb 2026 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Most capable, ambitious traders don’t struggle because they lack discipline or motivation.<br />They struggle when pressure quietly changes how they show up.</p><p>In this episode, Agnieszka explores a belief many high performers hold — <i>“I work best under pressure”</i> — and how that belief can shape behavior in ways traders don’t always see.</p><p>You’ll learn:</p><ul><li>Why pressure doesn’t just test discipline, but alters decision-making</li><li>How effort and forcing can actually increase internal pressure</li><li>What early signs of change look like before performance improves</li><li>Why internal shifts always come before external results</li></ul><p>This episode isn’t about fixing yourself or adding more tools.<br />It’s about understanding what’s really happening beneath the surface — and why noticing it changes everything about how you work with yourself as a trader.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p><a href="https://tpc.tradefulness.com">Click Here to Register</a> for the Annual Trading Psychology Conference Feb 12, 2026</p><p><a href="https://www.aheadcoach.com/trader-s-good-habit-tracker">Click here to download Trader's Good Habit Tracker</a> and discover which habits truly move the needle in your results. </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="15694113" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/0682c491-d35c-465a-bc3e-7f2a71ffec89/audio/20da4572-d978-4e40-b365-f8dd189c4f83/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>What Most Traders Get Wrong About Performing Under Pressure</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:16:20</itunes:duration>
      <itunes:summary>Many traders believe they perform best under pressure. But pressure changes more than most people realize.
In this episode, Agnieszka Wood explores what really happens internally when pressure rises — and why discipline often breaks down even when effort is high.</itunes:summary>
      <itunes:subtitle>Many traders believe they perform best under pressure. But pressure changes more than most people realize.
In this episode, Agnieszka Wood explores what really happens internally when pressure rises — and why discipline often breaks down even when effort is high.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>74</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">8bd1c303-43f0-4ce1-a1ef-6d65bd0b8e4f</guid>
      <title>The Dangerous Side of Curiosity in Trading</title>
      <description><![CDATA[<p>Curiosity is a powerful force — but in trading, it can quietly lead you into danger. When uncertainty appears, many traders feel the urge to check, push, or take one more trade to regain control. But that instinct often breaks discipline long before they realize what’s happening.</p><p>In this episode, Agnieszka Wood shares a real-life story and explores why the human mind is drawn toward danger instead of away from it, how imagined scenarios can drive real emotional reactions, and what this means for your trading behavior.</p><p>This episode invites you to look at curiosity differently — not as a flaw, but as something that needs to be understood and guided.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p><a href="https://www.aheadcoach.com/trader-s-good-habit-tracker">Click here to download Trader's Good Habit Tracker</a> and discover which habits truly move the needle in your results. </p><p>If you're would like to build Compassionate Discipline™, so you can finally trade with self-control, confidence and consistency click <a href="https://www.aheadcoach.com/rise-up">HERE</a></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 23 Jan 2026 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Curiosity is a powerful force — but in trading, it can quietly lead you into danger. When uncertainty appears, many traders feel the urge to check, push, or take one more trade to regain control. But that instinct often breaks discipline long before they realize what’s happening.</p><p>In this episode, Agnieszka Wood shares a real-life story and explores why the human mind is drawn toward danger instead of away from it, how imagined scenarios can drive real emotional reactions, and what this means for your trading behavior.</p><p>This episode invites you to look at curiosity differently — not as a flaw, but as something that needs to be understood and guided.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p><a href="https://www.aheadcoach.com/trader-s-good-habit-tracker">Click here to download Trader's Good Habit Tracker</a> and discover which habits truly move the needle in your results. </p><p>If you're would like to build Compassionate Discipline™, so you can finally trade with self-control, confidence and consistency click <a href="https://www.aheadcoach.com/rise-up">HERE</a></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="18249132" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/0555a493-78d3-4aad-a5f6-7d2a53e6124b/audio/1e2a4865-3208-441a-8f29-41b2cecc100b/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Dangerous Side of Curiosity in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:19:00</itunes:duration>
      <itunes:summary>Curiosity is often seen as a strength — but in trading, it can quietly become dangerous.
When discomfort shows up, many traders feel an urge to move closer to risk instead of stepping back.
In this episode, Agnieszka Wood explores why curiosity pulls traders toward danger — and what it means for discipline and decision-making.</itunes:summary>
      <itunes:subtitle>Curiosity is often seen as a strength — but in trading, it can quietly become dangerous.
When discomfort shows up, many traders feel an urge to move closer to risk instead of stepping back.
In this episode, Agnieszka Wood explores why curiosity pulls traders toward danger — and what it means for discipline and decision-making.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>73</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">f70a7a23-f9e4-42a6-9414-f0e7ab1500a8</guid>
      <title>Why Discipline Keeps Failing You (And Why Trying Harder Makes It Worse)</title>
      <description><![CDATA[<p>January is often framed as a fresh start — a time to push harder, tighten discipline, and finally “get it right.”<br />But for many traders, that pressure backfires quickly. Discipline starts feeling heavy, forced, and unsustainable.</p><p>In this episode, Agnieszka Wood explores why discipline isn’t failing because traders lack willpower — but because it’s often used as pressure instead of support. She explains why January is a particularly difficult time to force change, how internal resistance builds, and why fighting yourself leads to inconsistent execution.</p><p>This episode invites traders to rethink discipline through awareness and self-trust, stop copying what everyone else is doing, and focus on what actually works for them — so consistency can return naturally.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p><a href="https://www.aheadcoach.com/trader-s-good-habit-tracker">Click here to download Trader's Good Habit Tracker</a> and discover which habits truly move the needle in your results. </p><p>If you're would like to build Compassionate Discipline™, so you can finally trade with self-control, confidence and consistency click <a href="https://www.aheadcoach.com/rise-up">HERE</a></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 9 Jan 2026 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>January is often framed as a fresh start — a time to push harder, tighten discipline, and finally “get it right.”<br />But for many traders, that pressure backfires quickly. Discipline starts feeling heavy, forced, and unsustainable.</p><p>In this episode, Agnieszka Wood explores why discipline isn’t failing because traders lack willpower — but because it’s often used as pressure instead of support. She explains why January is a particularly difficult time to force change, how internal resistance builds, and why fighting yourself leads to inconsistent execution.</p><p>This episode invites traders to rethink discipline through awareness and self-trust, stop copying what everyone else is doing, and focus on what actually works for them — so consistency can return naturally.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach and Trader</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p><a href="https://www.aheadcoach.com/trader-s-good-habit-tracker">Click here to download Trader's Good Habit Tracker</a> and discover which habits truly move the needle in your results. </p><p>If you're would like to build Compassionate Discipline™, so you can finally trade with self-control, confidence and consistency click <a href="https://www.aheadcoach.com/rise-up">HERE</a></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="25501540" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/4a5a877f-ee32-4b81-becd-a77f9cb0c82d/audio/cb0a1213-150e-44b6-b4d9-616bb64994eb/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Why Discipline Keeps Failing You (And Why Trying Harder Makes It Worse)</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:26:33</itunes:duration>
      <itunes:summary>January is the month when traders promise themselves this will finally be the year they become disciplined.
But for many, discipline starts feeling heavy almost immediately.
In this episode, Agnieszka Wood explores why discipline tends to fail so early in the year, why trying harder often makes things worse, and what actually needs to change for consistency to return naturally.</itunes:summary>
      <itunes:subtitle>January is the month when traders promise themselves this will finally be the year they become disciplined.
But for many, discipline starts feeling heavy almost immediately.
In this episode, Agnieszka Wood explores why discipline tends to fail so early in the year, why trying harder often makes things worse, and what actually needs to change for consistency to return naturally.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>72</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">7d5971e2-3998-410b-92ae-70a4401aed7e</guid>
      <title>Why Traders Feel the Need to Finish Strong</title>
      <description><![CDATA[<p>As the year winds down, many traders feel an uncomfortable urge to <i>finish the year strong</i>. One more trade. One last push. A need to finally close the loop. But that pressure often does more harm than good.</p><p>In this episode, Agnieszka Wood and Greg Singleton unpack the psychology behind year-end trading pressure and the human need for closure, including why unfinished results, missed goals, and emotional loops stay so active in the mind — and why chasing a “clean ending” often undermines consistency.</p><p>They also discuss a healthier way to review your trading year without pressure or self-punishment. This conversation is for traders who want to end the year clear-headed, grounded, and positioned for long-term consistency — not emotionally exhausted.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're would like to build Compassionate Discipline™, so you can finally trade with self-control, confidence and consistency click <a href="https://www.aheadcoach.com/rise-up">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 26 Dec 2025 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>As the year winds down, many traders feel an uncomfortable urge to <i>finish the year strong</i>. One more trade. One last push. A need to finally close the loop. But that pressure often does more harm than good.</p><p>In this episode, Agnieszka Wood and Greg Singleton unpack the psychology behind year-end trading pressure and the human need for closure, including why unfinished results, missed goals, and emotional loops stay so active in the mind — and why chasing a “clean ending” often undermines consistency.</p><p>They also discuss a healthier way to review your trading year without pressure or self-punishment. This conversation is for traders who want to end the year clear-headed, grounded, and positioned for long-term consistency — not emotionally exhausted.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're would like to build Compassionate Discipline™, so you can finally trade with self-control, confidence and consistency click <a href="https://www.aheadcoach.com/rise-up">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="43493449" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/65278908-e5c7-4909-95c2-af102c4ca75d/audio/210e6783-22f6-4160-9600-6c56ed09b8d3/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Why Traders Feel the Need to Finish Strong</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:45:18</itunes:duration>
      <itunes:summary>As the year comes to an end, many traders feel pressure to “finish strong” — one more trade, one last push.
In this episode, Agnieszka Wood and Greg Singleton explore why that urge for closure shows up at year-end, how it quietly sabotages consistency, and what a healthier, more professional way to review your trading year actually looks like.</itunes:summary>
      <itunes:subtitle>As the year comes to an end, many traders feel pressure to “finish strong” — one more trade, one last push.
In this episode, Agnieszka Wood and Greg Singleton explore why that urge for closure shows up at year-end, how it quietly sabotages consistency, and what a healthier, more professional way to review your trading year actually looks like.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>71</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">53e616ea-f474-40e8-bbd9-9d3a3aba335a</guid>
      <title>How to Build the Discipline Every Trader Needs Without Forcing It</title>
      <description><![CDATA[<p>Every trader knows discipline is essential — yet most struggle with it daily. Not because they’re weak. Not because they don’t care.<br />But because they’ve been taught the <i>wrong kind</i> of discipline.</p><p>In this episode, Agnieszka introduces Compassionate Discipline™, a softer yet far more effective way to build consistency without force, pressure, or self-judgment. Joined by returning guest Greg Singleton, they unpack:</p><ul><li>Why willpower-based discipline fails (and even fuels inconsistency)</li><li>How emotions, subconscious needs, and identity override logic during trades</li><li>The real reason traders break rules even when they “know better”</li><li>How integrity and self-trust form the foundation of consistent execution</li><li>Why routines, preparation, and intentional living matter for performance</li><li>How to regulate your nervous system so discipline becomes a natural byproduct</li><li>What compassionate discipline looks like during an actual trading day</li><li>How positive reinforcement, self-awareness, and supportive self-talk change everything</li></ul><p>From the roots of self-sabotage to the practical routines that shape a trader’s day, this episode reframes discipline in a way that finally <i>makes sense</i> — and feels sustainable. If you’ve ever wondered, <i>“Why can’t I just stick to my plan?” </i>— this episode gives you the answer you’ve been looking for.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're would like to build Compassionate Discipline™, so you can finally trade with self-control, confidence and consistency click <a href="https://www.aheadcoach.com/rise-up">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 12 Dec 2025 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Every trader knows discipline is essential — yet most struggle with it daily. Not because they’re weak. Not because they don’t care.<br />But because they’ve been taught the <i>wrong kind</i> of discipline.</p><p>In this episode, Agnieszka introduces Compassionate Discipline™, a softer yet far more effective way to build consistency without force, pressure, or self-judgment. Joined by returning guest Greg Singleton, they unpack:</p><ul><li>Why willpower-based discipline fails (and even fuels inconsistency)</li><li>How emotions, subconscious needs, and identity override logic during trades</li><li>The real reason traders break rules even when they “know better”</li><li>How integrity and self-trust form the foundation of consistent execution</li><li>Why routines, preparation, and intentional living matter for performance</li><li>How to regulate your nervous system so discipline becomes a natural byproduct</li><li>What compassionate discipline looks like during an actual trading day</li><li>How positive reinforcement, self-awareness, and supportive self-talk change everything</li></ul><p>From the roots of self-sabotage to the practical routines that shape a trader’s day, this episode reframes discipline in a way that finally <i>makes sense</i> — and feels sustainable. If you’ve ever wondered, <i>“Why can’t I just stick to my plan?” </i>— this episode gives you the answer you’ve been looking for.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're would like to build Compassionate Discipline™, so you can finally trade with self-control, confidence and consistency click <a href="https://www.aheadcoach.com/rise-up">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="44307642" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/fc021c2d-3ef4-4261-a0f5-68f0b815e7e1/audio/6afc5135-5be9-4197-9a5f-78e3703b085f/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Build the Discipline Every Trader Needs Without Forcing It</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:46:09</itunes:duration>
      <itunes:summary>In this episode, Agnieszka introduces Compassionate Discipline™ — a transformative alternative to the force-based discipline traders have been taught to rely on. Together with Greg, they explore why willpower and self-punishment never create consistency, how emotions override logic in real time, and why understanding your identity and internal patterns is the real key to disciplined trading. They also dive into intentional routines, nervous system regulation, and the mindset shifts that allow traders to build trust, patience, and integrity without burnout. This conversation is practical, honest, and deeply relatable for anyone who wants to follow their plan with ease — not pressure.
</itunes:summary>
      <itunes:subtitle>In this episode, Agnieszka introduces Compassionate Discipline™ — a transformative alternative to the force-based discipline traders have been taught to rely on. Together with Greg, they explore why willpower and self-punishment never create consistency, how emotions override logic in real time, and why understanding your identity and internal patterns is the real key to disciplined trading. They also dive into intentional routines, nervous system regulation, and the mindset shifts that allow traders to build trust, patience, and integrity without burnout. This conversation is practical, honest, and deeply relatable for anyone who wants to follow their plan with ease — not pressure.
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>70</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">4a8360bb-4b1a-4a03-bf8b-e0bccd1130ec</guid>
      <title>The Victim Mindset That Sabotages Traders</title>
      <description><![CDATA[<p>Mistakes are unavoidable in trading — but how you <i>interpret</i> them determines whether you grow or spiral.</p><p>In this episode, Agnieszka and Greg uncover the victim mindset that so many traders fall into without realizing it: seeing losses as punishment, blaming the market, and negotiating with themselves to avoid guilt or discomfort. You’ll hear why this mindset forms early in life, how it shows up in your trading, and why it leads to emotional debt that clouds every decision you make.</p><p>Then we shift into the solution:<br />✨ Moving from “Why is this happening to me?” to “What is this here to show me?”<br />✨ Using mistakes as data — not self-judgment<br />✨ Letting go of guilt and practicing true self-forgiveness<br />✨ Rebuilding the curiosity and resilience required to succeed in the markets</p><p>If you’re ready to stop fighting your mistakes and start learning from them, this episode will show you how to make that powerful shift.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 28 Nov 2025 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Mistakes are unavoidable in trading — but how you <i>interpret</i> them determines whether you grow or spiral.</p><p>In this episode, Agnieszka and Greg uncover the victim mindset that so many traders fall into without realizing it: seeing losses as punishment, blaming the market, and negotiating with themselves to avoid guilt or discomfort. You’ll hear why this mindset forms early in life, how it shows up in your trading, and why it leads to emotional debt that clouds every decision you make.</p><p>Then we shift into the solution:<br />✨ Moving from “Why is this happening to me?” to “What is this here to show me?”<br />✨ Using mistakes as data — not self-judgment<br />✨ Letting go of guilt and practicing true self-forgiveness<br />✨ Rebuilding the curiosity and resilience required to succeed in the markets</p><p>If you’re ready to stop fighting your mistakes and start learning from them, this episode will show you how to make that powerful shift.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="38595384" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/88499355-d0d5-4d5c-8743-345739b43057/audio/7824350a-a07a-4c0e-996f-2b5eb05ac078/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Victim Mindset That Sabotages Traders</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:40:12</itunes:duration>
      <itunes:summary>In this episode, Agnieszka and Greg break down the hidden victim mindset that quietly sabotages traders — the one that turns every mistake into guilt, self-punishment, and hesitation. You’ll learn how to shift from “things are happening to me” to “things are happening for me,” use mistakes as feedback instead of evidence you’re failing, and release the emotional debt that keeps you stuck. This simple mindset shift changes everything.</itunes:summary>
      <itunes:subtitle>In this episode, Agnieszka and Greg break down the hidden victim mindset that quietly sabotages traders — the one that turns every mistake into guilt, self-punishment, and hesitation. You’ll learn how to shift from “things are happening to me” to “things are happening for me,” use mistakes as feedback instead of evidence you’re failing, and release the emotional debt that keeps you stuck. This simple mindset shift changes everything.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>69</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">591590b4-2c93-4a5c-959c-f36c0fc4d2ea</guid>
      <title>5 Things Nobody Tells You About Becoming a Successful Trader</title>
      <description><![CDATA[<p>In this honest and insightful conversation, Agnieszka and Greg explore the hidden side of trading success—the messy, in-between phase where most traders want to quit. They break down the five transformations every trader must go through to reach consistency: letting go of who you were, calming your nervous system, embracing uncertainty, facing resistance, and finding clarity through confusion.</p><p>If you’re caught between who you are and who you’re becoming, this episode will help you trust the transition and grow through it.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 14 Nov 2025 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this honest and insightful conversation, Agnieszka and Greg explore the hidden side of trading success—the messy, in-between phase where most traders want to quit. They break down the five transformations every trader must go through to reach consistency: letting go of who you were, calming your nervous system, embracing uncertainty, facing resistance, and finding clarity through confusion.</p><p>If you’re caught between who you are and who you’re becoming, this episode will help you trust the transition and grow through it.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="57349198" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/8a7ed6de-7ff8-4204-bbe4-27485739eb5c/audio/885e02c7-df31-4af7-a40b-066a8ecccfc5/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>5 Things Nobody Tells You About Becoming a Successful Trader</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:59:44</itunes:duration>
      <itunes:summary>Every trader wants success—but few talk about the space between struggle and breakthrough. In this episode, Agnieszka Wood and Greg Singleton reveal five things nobody tells you about becoming a successful trader, from identity shifts and nervous system rewiring to the resistance and discomfort that lead to real transformation.</itunes:summary>
      <itunes:subtitle>Every trader wants success—but few talk about the space between struggle and breakthrough. In this episode, Agnieszka Wood and Greg Singleton reveal five things nobody tells you about becoming a successful trader, from identity shifts and nervous system rewiring to the resistance and discomfort that lead to real transformation.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>68</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">966426d4-f517-4f01-8108-6536f3723201</guid>
      <title>How to Stop Chasing Money</title>
      <description><![CDATA[<p>In this thought-provoking conversation, Agnieszka and Greg dive deep into the emotional and energetic relationship traders have with money. From Greg’s middle-class upbringing where hard work defined worth, to Agnieszka’s early experiences of scarcity in communist Poland, they unpack how early money beliefs continue to influence behavior in trading and life. </p><p>If you’ve ever felt like you’re working harder but not getting ahead, this episode will show you how to let money work <i>with</i> you—not against you.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 31 Oct 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this thought-provoking conversation, Agnieszka and Greg dive deep into the emotional and energetic relationship traders have with money. From Greg’s middle-class upbringing where hard work defined worth, to Agnieszka’s early experiences of scarcity in communist Poland, they unpack how early money beliefs continue to influence behavior in trading and life. </p><p>If you’ve ever felt like you’re working harder but not getting ahead, this episode will show you how to let money work <i>with</i> you—not against you.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p> </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="38705693" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/9a56f1e9-3fdb-43ba-8bda-cb1f9036523a/audio/a5714736-ffaa-4220-9789-e495ca3f5792/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Stop Chasing Money</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:40:19</itunes:duration>
      <itunes:summary>Money doesn’t respond to effort—it responds to energy.
In this episode, Agnieszka Wood and her guest Greg Singleton explore how your beliefs about money shape your trading results, and how shifting from chasing profits to respecting money can help you attract abundance instead of forcing it.</itunes:summary>
      <itunes:subtitle>Money doesn’t respond to effort—it responds to energy.
In this episode, Agnieszka Wood and her guest Greg Singleton explore how your beliefs about money shape your trading results, and how shifting from chasing profits to respecting money can help you attract abundance instead of forcing it.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>67</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">3402a4bb-08f3-4419-be6e-de881ee5eb45</guid>
      <title>Trading with Yourself</title>
      <description><![CDATA[<p> </p><p>Most traders think they have a trading problem… but what they really have is a <i>self-relationship problem.</i></p><p>In this episode, Agnieszka is joined by Greg Singleton to talk about how self-love impacts trading performance on a deeper level. Together, they explore how people-pleasing, self-criticism, and the constant need for validation quietly sabotage results—and how developing self-respect, compassion, and trust can completely shift the way you trade. You’ll learn what self-love <i>really</i> means in trading (and what it doesn’t), how to recognize when you’re trading from fear instead of faith, and practical ways to rebuild a supportive relationship with yourself.</p><p>If you’ve ever felt like you’re your own worst enemy in trading, this episode will show you how to become your biggest ally.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 17 Oct 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p> </p><p>Most traders think they have a trading problem… but what they really have is a <i>self-relationship problem.</i></p><p>In this episode, Agnieszka is joined by Greg Singleton to talk about how self-love impacts trading performance on a deeper level. Together, they explore how people-pleasing, self-criticism, and the constant need for validation quietly sabotage results—and how developing self-respect, compassion, and trust can completely shift the way you trade. You’ll learn what self-love <i>really</i> means in trading (and what it doesn’t), how to recognize when you’re trading from fear instead of faith, and practical ways to rebuild a supportive relationship with yourself.</p><p>If you’ve ever felt like you’re your own worst enemy in trading, this episode will show you how to become your biggest ally.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="50901316" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/430ef15a-b99c-4cd1-b44d-9a221ac618bd/audio/fe55f97c-9536-4d91-9160-0a9590e2cb02/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trading with Yourself</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:53:01</itunes:duration>
      <itunes:summary>Your trading results are a reflection of the relationship you have with yourself. In this episode, Agnieszka and Greg explore how self-love—and the lack of it—shapes every decision you make in the market, and why learning to treat yourself with integrity and respect may be the most powerful edge you’ll ever develop.</itunes:summary>
      <itunes:subtitle>Your trading results are a reflection of the relationship you have with yourself. In this episode, Agnieszka and Greg explore how self-love—and the lack of it—shapes every decision you make in the market, and why learning to treat yourself with integrity and respect may be the most powerful edge you’ll ever develop.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>66</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">713ce5bd-498b-49d6-bf33-a0133c8cfe9d</guid>
      <title>Building Real Connections as a Trader</title>
      <description><![CDATA[<p>The right community can be your greatest trading edge. In this episode, Agnieszka Wood and Greg Singleton share how to recognize value-driven groups, build accountability, and create meaningful support that sharpens your skills and strengthens your resilience.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 3 Oct 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>The right community can be your greatest trading edge. In this episode, Agnieszka Wood and Greg Singleton share how to recognize value-driven groups, build accountability, and create meaningful support that sharpens your skills and strengthens your resilience.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="42651251" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/bd0d47d5-d4db-40f7-ba41-f55cd8b7ce17/audio/cfd5e620-01d1-4058-96fa-71a4897af094/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Building Real Connections as a Trader</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:44:25</itunes:duration>
      <itunes:summary>In this follow-up episode of Confidence in Trading, Agnieszka Wood and Greg Singleton explore the antidote to trading isolation: meaningful connection. They break down the difference between noisy communities that distract and real value-driven groups that foster accountability, growth, and resilience. Through personal stories and practical examples, they reveal how the right kind of support can transform not only your trading results but also your confidence and clarity. If you’ve been searching for an edge that goes beyond strategies and setups, you may find it in the power of authentic connection.
</itunes:summary>
      <itunes:subtitle>In this follow-up episode of Confidence in Trading, Agnieszka Wood and Greg Singleton explore the antidote to trading isolation: meaningful connection. They break down the difference between noisy communities that distract and real value-driven groups that foster accountability, growth, and resilience. Through personal stories and practical examples, they reveal how the right kind of support can transform not only your trading results but also your confidence and clarity. If you’ve been searching for an edge that goes beyond strategies and setups, you may find it in the power of authentic connection.
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>65</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">a063f8c4-84ce-409e-8eb9-622cc1ac544e</guid>
      <title>Alone at the Trading Screen</title>
      <description><![CDATA[<p>Trading often feels like a solo sport—but the isolation can be costly. In this episode, Agnieszka Wood and Greg Singleton discuss why so many traders struggle alone at their screens, the toll it takes on mental health and decision-making, and what to watch out for if you’ve been trading in silence.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 19 Sep 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Trading often feels like a solo sport—but the isolation can be costly. In this episode, Agnieszka Wood and Greg Singleton discuss why so many traders struggle alone at their screens, the toll it takes on mental health and decision-making, and what to watch out for if you’ve been trading in silence.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="45210396" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/988d902d-4787-421d-9ad7-9f2e108b1d64/audio/9f47924a-89e4-42b9-b458-e7a14f9e2da0/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Alone at the Trading Screen</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:47:05</itunes:duration>
      <itunes:summary>In this episode of Confidence in Trading, Agnieszka Wood and Greg Singleton shine a light on one of the most overlooked challenges in trading—loneliness. Even with online groups, Discord chats, and Twitter feeds buzzing 24/7, many traders still sit alone, facing the weight of every decision in silence. Agnieszka and Greg share personal experiences of trading in isolation and explain how the lack of real connection can fuel overthinking, self-doubt, and costly mistakes. Tune in to discover why isolation is more than just uncomfortable—it’s a hidden factor that can quietly sabotage your trading performance.</itunes:summary>
      <itunes:subtitle>In this episode of Confidence in Trading, Agnieszka Wood and Greg Singleton shine a light on one of the most overlooked challenges in trading—loneliness. Even with online groups, Discord chats, and Twitter feeds buzzing 24/7, many traders still sit alone, facing the weight of every decision in silence. Agnieszka and Greg share personal experiences of trading in isolation and explain how the lack of real connection can fuel overthinking, self-doubt, and costly mistakes. Tune in to discover why isolation is more than just uncomfortable—it’s a hidden factor that can quietly sabotage your trading performance.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>64</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">f3164cb9-d28d-427a-8422-f7efa0ecbf18</guid>
      <title>The Biggest Roadblocks Traders Face</title>
      <description><![CDATA[<p>Your strategy isn’t what’s keeping you from consistency—it’s the habits, fears, and thought patterns you bring to the screen.</p><p>In this episode, Agnieszka and Jermaine (Strat Soldier) dive into the real obstacles traders face, from overtrading at the open to switching strategies the moment things get tough. They reveal why quick wins can reinforce bad habits, how scarcity thinking sabotages discipline, and why hesitation is rooted in the fear of uncertainty. If you’ve ever felt stuck, frustrated, or trapped in the same cycles, this conversation will show you how to step out of the patterns holding you back and start trading with the mindset needed for real progress.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p> </p><p><strong>About Jermaine McGruder</strong></p><p>Jermaine McGruder, also known as The Strat Soldier, is a passionate trader and experienced educator. Jermaine embarked on his journey with The STRAT in 2019 and quickly honed his skills, becoming adept at both trading and teaching this methodology. His guidance has empowered seasoned traders to curb significant losses and has equipped newcomers with the ability to identify buy and sell signals confidently.</p><p>Jermaine's teaching philosophy centers on enabling individuals to trade based on their convictions and take actionable signals without succumbing to significant losses. Drawing from his extensive 20-year military background, Jermaine brings a wealth of leadership and training experience to his teaching approach. Whether on the battlefield or in the world of trading, he excels in leading and educating individuals, making him a valuable asset in The STRAT community.</p><p><strong>Contact Jermaine McGruder:</strong></p><ul><li><strong>Podcast:</strong> <a href="https://podcasts.apple.com/us/podcast/in-force/id1661703589">InForce</a></li><li><strong>The Weekend Show:</strong> <a href="https://stratalerts.com/">The Weekend Shift</a></li><li><strong>Twitter</strong>: <a href="https://twitter.com/CyberDog2">@Cyberdog2</a></li><li><a href="http://thestratsoldier.com/">Website: http://TheStratSoldier.com</a></li></ul>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 5 Sep 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Your strategy isn’t what’s keeping you from consistency—it’s the habits, fears, and thought patterns you bring to the screen.</p><p>In this episode, Agnieszka and Jermaine (Strat Soldier) dive into the real obstacles traders face, from overtrading at the open to switching strategies the moment things get tough. They reveal why quick wins can reinforce bad habits, how scarcity thinking sabotages discipline, and why hesitation is rooted in the fear of uncertainty. If you’ve ever felt stuck, frustrated, or trapped in the same cycles, this conversation will show you how to step out of the patterns holding you back and start trading with the mindset needed for real progress.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p> </p><p><strong>About Jermaine McGruder</strong></p><p>Jermaine McGruder, also known as The Strat Soldier, is a passionate trader and experienced educator. Jermaine embarked on his journey with The STRAT in 2019 and quickly honed his skills, becoming adept at both trading and teaching this methodology. His guidance has empowered seasoned traders to curb significant losses and has equipped newcomers with the ability to identify buy and sell signals confidently.</p><p>Jermaine's teaching philosophy centers on enabling individuals to trade based on their convictions and take actionable signals without succumbing to significant losses. Drawing from his extensive 20-year military background, Jermaine brings a wealth of leadership and training experience to his teaching approach. Whether on the battlefield or in the world of trading, he excels in leading and educating individuals, making him a valuable asset in The STRAT community.</p><p><strong>Contact Jermaine McGruder:</strong></p><ul><li><strong>Podcast:</strong> <a href="https://podcasts.apple.com/us/podcast/in-force/id1661703589">InForce</a></li><li><strong>The Weekend Show:</strong> <a href="https://stratalerts.com/">The Weekend Shift</a></li><li><strong>Twitter</strong>: <a href="https://twitter.com/CyberDog2">@Cyberdog2</a></li><li><a href="http://thestratsoldier.com/">Website: http://TheStratSoldier.com</a></li></ul>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="58274953" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/0e08ee14-15b9-4c2f-b175-4e0a076b6127/audio/dcc80c6f-9f74-47ad-bb14-92f31f2dfada/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Biggest Roadblocks Traders Face</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>01:00:42</itunes:duration>
      <itunes:summary>Most traders think the market is their biggest challenge—but the truth is, the biggest obstacle is themselves. In this episode, Agnieszka Wood and Jermaine McGruder (“The Strat Soldier”) dive into the hidden roadblocks that quietly keep traders stuck: impatience, strategy-hopping, hesitation, scarcity thinking, and the dopamine rush of impulsive trades. This conversation is your chance to spot the blind spots—and finally start moving forward with confidence.</itunes:summary>
      <itunes:subtitle>Most traders think the market is their biggest challenge—but the truth is, the biggest obstacle is themselves. In this episode, Agnieszka Wood and Jermaine McGruder (“The Strat Soldier”) dive into the hidden roadblocks that quietly keep traders stuck: impatience, strategy-hopping, hesitation, scarcity thinking, and the dopamine rush of impulsive trades. This conversation is your chance to spot the blind spots—and finally start moving forward with confidence.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>63</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">1f3da729-afcf-4769-ba95-92e5ddfbfa12</guid>
      <title>From Student to Coach</title>
      <description><![CDATA[<p>In this episode, Agnieszka and Rob reflect on his journey from performance pressure to process trust. They revisit a powerful letter Rob wrote to his future self during his mindset work—when he still believed financial success was the ultimate goal. Hearing that letter now, with everything that has changed, made for an emotional moment. Rob shares how much has shifted: emotionally, mentally, and professionally. You’ll hear what helped him simplify his strategy, let go of outcome obsession, and eventually become a mentor to others—trading with more freedom, confidence, and purpose. If you’re on the path to consistency and wondering what it really takes to make it stick—this episode will open your eyes.</p><p><a href="https://www.aheadcoach.com/masterclass-for-traders-August-2025">Last chance to join my 🎟️ FREE Masterclass– Space is limited! REGISTER HERE!</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 22 Aug 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, Agnieszka and Rob reflect on his journey from performance pressure to process trust. They revisit a powerful letter Rob wrote to his future self during his mindset work—when he still believed financial success was the ultimate goal. Hearing that letter now, with everything that has changed, made for an emotional moment. Rob shares how much has shifted: emotionally, mentally, and professionally. You’ll hear what helped him simplify his strategy, let go of outcome obsession, and eventually become a mentor to others—trading with more freedom, confidence, and purpose. If you’re on the path to consistency and wondering what it really takes to make it stick—this episode will open your eyes.</p><p><a href="https://www.aheadcoach.com/masterclass-for-traders-August-2025">Last chance to join my 🎟️ FREE Masterclass– Space is limited! REGISTER HERE!</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="58188852" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/95f1530a-2da0-47a2-af86-7031d84c33ab/audio/0bac46bf-c419-4ce2-91b5-d3653376bba3/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>From Student to Coach</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>01:00:36</itunes:duration>
      <itunes:summary>From Student to Coach: What It Really Takes to Become a Consistently Profitable Trader

Rob Vallejo, a former student of Agnieszka’s trading mindset coaching program, didn’t become a consistently profitable trader by finding the perfect setup—he became one by changing how he thinks and doing the work. In this episode, Agnieszka and Rob explore what it really takes to shift from chasing outcomes to trading with confidence and calm. From simplifying strategy to releasing pressure around money, Rob shares the mindset breakthroughs that helped him evolve from a struggling trader to a trusted mentor.
Last chance to register for the 🎟️ FREE Masterclass Now. Space is limited! Go to: tradingmindsetmasterclass.com</itunes:summary>
      <itunes:subtitle>From Student to Coach: What It Really Takes to Become a Consistently Profitable Trader

Rob Vallejo, a former student of Agnieszka’s trading mindset coaching program, didn’t become a consistently profitable trader by finding the perfect setup—he became one by changing how he thinks and doing the work. In this episode, Agnieszka and Rob explore what it really takes to shift from chasing outcomes to trading with confidence and calm. From simplifying strategy to releasing pressure around money, Rob shares the mindset breakthroughs that helped him evolve from a struggling trader to a trusted mentor.
Last chance to register for the 🎟️ FREE Masterclass Now. Space is limited! Go to: tradingmindsetmasterclass.com</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>62</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">3fd9fcf0-0ba3-4ec0-b8fe-cfbb62b9d68f</guid>
      <title>Why Trading Consistency Starts with Who You Are, Not What You Do</title>
      <description><![CDATA[<p>Most traders try to fix their results by forcing more discipline or tweaking their strategy. But real consistency starts deeper—with how you see yourself. In this episode, Agnieszka is joined by Greg Singleton to explore the foundational concept of Trader Identity—the often-overlooked root of trading success. Together, they discuss how your beliefs and values influence every trading decision, why identity drives behavior (and how to change it), how misalignment in your lifestyle creates sabotage and practical ways to start becoming the trader you want to be—today. If you’ve ever felt stuck, inconsistent, or like you’re getting in your own way… this conversation is the breakthrough you didn’t know you needed.</p><p>🎟️ Register for the FREE Masterclass Now. Space is limited!<br /><a href="https://tradingmindsetmasterclass.com/">tradingmindsetmasterclass.com</a></p><p>Read Greg's article mentioned in the episode<a href="https://www.brainzmagazine.com/executive-contributor/greg-singleton"> here</a> </p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 8 Aug 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Most traders try to fix their results by forcing more discipline or tweaking their strategy. But real consistency starts deeper—with how you see yourself. In this episode, Agnieszka is joined by Greg Singleton to explore the foundational concept of Trader Identity—the often-overlooked root of trading success. Together, they discuss how your beliefs and values influence every trading decision, why identity drives behavior (and how to change it), how misalignment in your lifestyle creates sabotage and practical ways to start becoming the trader you want to be—today. If you’ve ever felt stuck, inconsistent, or like you’re getting in your own way… this conversation is the breakthrough you didn’t know you needed.</p><p>🎟️ Register for the FREE Masterclass Now. Space is limited!<br /><a href="https://tradingmindsetmasterclass.com/">tradingmindsetmasterclass.com</a></p><p>Read Greg's article mentioned in the episode<a href="https://www.brainzmagazine.com/executive-contributor/greg-singleton"> here</a> </p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="54685092" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/4f7a0a6c-1c6d-45bd-9f31-ca3ece7ba7c3/audio/005479d8-5438-4b16-b08f-06df1650cec7/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Why Trading Consistency Starts with Who You Are, Not What You Do</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:56:57</itunes:duration>
      <itunes:summary>Your results don’t come from what you do—they come from who you are while you trade. In this episode, Agnieszka and Greg explore how your beliefs, values, and lifestyle shape your trader identity—and why shifting that identity is the key to lasting consistency.
🎟️ Register for the FREE Masterclass Now. Space is limited! Go to: tradingmindsetmasterclass.com</itunes:summary>
      <itunes:subtitle>Your results don’t come from what you do—they come from who you are while you trade. In this episode, Agnieszka and Greg explore how your beliefs, values, and lifestyle shape your trader identity—and why shifting that identity is the key to lasting consistency.
🎟️ Register for the FREE Masterclass Now. Space is limited! Go to: tradingmindsetmasterclass.com</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>61</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">04d63d80-e668-4e69-977f-392e97dccfdd</guid>
      <title>Mental Edge: How Meditation and Visualization Can Improve Your Trading Performance</title>
      <description><![CDATA[<p>Many traders overlook the mental edge that can elevate their performance—not realizing that tools like meditation and visualization aren’t just for monks or athletes, but for anyone who wants to trade with more clarity and calm.</p><p>In this episode, Agnieszka and Greg dive into how these two simple practices can improve focus, reduce emotional reactivity, and help you stay grounded under pressure. They share personal experiences, research-backed insights, and practical ways to start using meditation and visualization—even if you’ve never tried them before.</p><p>If you’re ready to strengthen your mindset and create more consistency in how you show up at the screen, this episode is your invitation to begin.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 25 Jul 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Many traders overlook the mental edge that can elevate their performance—not realizing that tools like meditation and visualization aren’t just for monks or athletes, but for anyone who wants to trade with more clarity and calm.</p><p>In this episode, Agnieszka and Greg dive into how these two simple practices can improve focus, reduce emotional reactivity, and help you stay grounded under pressure. They share personal experiences, research-backed insights, and practical ways to start using meditation and visualization—even if you’ve never tried them before.</p><p>If you’re ready to strengthen your mindset and create more consistency in how you show up at the screen, this episode is your invitation to begin.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="56450958" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/5168fdf4-ed1f-4234-8d8c-67efbb88afd5/audio/c03e1bae-cb01-4fbc-8774-cf5e477a561b/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Mental Edge: How Meditation and Visualization Can Improve Your Trading Performance</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:58:48</itunes:duration>
      <itunes:summary>Most traders focus on strategy—but ignore the mental tools that sharpen performance. In this episode, Agnieszka and Greg dive into two powerful practices—meditation and visualization—and how they can help you trade with more focus, patience, and emotional control.
They share why these tools work, how to start using them (even if you’re skeptical), and how just a few minutes a day can shift how you show up in the market.</itunes:summary>
      <itunes:subtitle>Most traders focus on strategy—but ignore the mental tools that sharpen performance. In this episode, Agnieszka and Greg dive into two powerful practices—meditation and visualization—and how they can help you trade with more focus, patience, and emotional control.
They share why these tools work, how to start using them (even if you’re skeptical), and how just a few minutes a day can shift how you show up in the market.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>60</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">0c09feff-cb53-41e1-9698-79091254c2bb</guid>
      <title>The Harming Habit of Controlling the Market</title>
      <description><![CDATA[<p>Many traders struggle with the desire to control every aspect of their trading, believing that it will lead to success. In this episode, Agnieszka and Greg explore why this need for control is actually a barrier to growth. They discuss how the fear of uncertainty drives traders to micromanage their trades, and how letting go can lead to better decision-making and improved emotional resilience. The duo shares personal stories and practical advice for accepting uncertainty and trusting the process. If you’re feeling anxious about your trades and are ready to embrace a new mindset, this episode will help you release control and move forward with confidence.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 11 Jul 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Many traders struggle with the desire to control every aspect of their trading, believing that it will lead to success. In this episode, Agnieszka and Greg explore why this need for control is actually a barrier to growth. They discuss how the fear of uncertainty drives traders to micromanage their trades, and how letting go can lead to better decision-making and improved emotional resilience. The duo shares personal stories and practical advice for accepting uncertainty and trusting the process. If you’re feeling anxious about your trades and are ready to embrace a new mindset, this episode will help you release control and move forward with confidence.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>If you're enjoying my Podcast please leave a review <a href="https://www.trustpilot.com/review/aheadcoach.com">HERE</a></p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="44146303" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/b9d48fb5-5bc2-4a67-8c5a-a87eed4fdd0c/audio/600afa03-a40f-49d8-800e-56bbf0ddad14/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Harming Habit of Controlling the Market</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:45:59</itunes:duration>
      <itunes:summary>In this episode, Agnieszka Wood and Greg Singleton dive into the powerful need for control in trading and life. Many traders believe that controlling every outcome is the key to success, but the truth is, trying to control everything can actually limit your progress. Agnieszka and Greg discuss how the desire for control often stems from a fear of uncertainty, and how it can lead to overtrading, micromanaging, and missed opportunities. They share practical strategies for letting go of control, embracing uncertainty, and building trust in the process. If you’re struggling with the need to control your trades (or the market!), this episode is for you.</itunes:summary>
      <itunes:subtitle>In this episode, Agnieszka Wood and Greg Singleton dive into the powerful need for control in trading and life. Many traders believe that controlling every outcome is the key to success, but the truth is, trying to control everything can actually limit your progress. Agnieszka and Greg discuss how the desire for control often stems from a fear of uncertainty, and how it can lead to overtrading, micromanaging, and missed opportunities. They share practical strategies for letting go of control, embracing uncertainty, and building trust in the process. If you’re struggling with the need to control your trades (or the market!), this episode is for you.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>59</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">0c1e3f19-2399-428e-860e-18d5deacc451</guid>
      <title>The Reality Check Every Trader Needs</title>
      <description><![CDATA[<p>Many traders believe that success will come “one day,” but the truth is, trading mastery requires continuous effort and dedication. In this episode, Agnieszka and Greg explain why trading isn’t a one-time achievement but a constant journey of growth. The duo digs into the reality that success in trading doesn’t come from hitting the jackpot—it comes from the day-in, day-out commitment to improving, staying emotionally grounded, and refining your decision-making. If you’re frustrated by why you haven’t reached your goals yet, this episode offers clarity and practical insights on staying committed to the process, even when the road gets tough.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Get your FREE Trader's Good Habit Tracker <a href="https://www.aheadcoach.com/trader-s-good-habit-tracker">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 27 Jun 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Many traders believe that success will come “one day,” but the truth is, trading mastery requires continuous effort and dedication. In this episode, Agnieszka and Greg explain why trading isn’t a one-time achievement but a constant journey of growth. The duo digs into the reality that success in trading doesn’t come from hitting the jackpot—it comes from the day-in, day-out commitment to improving, staying emotionally grounded, and refining your decision-making. If you’re frustrated by why you haven’t reached your goals yet, this episode offers clarity and practical insights on staying committed to the process, even when the road gets tough.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Get your FREE Trader's Good Habit Tracker <a href="https://www.aheadcoach.com/trader-s-good-habit-tracker">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="45456574" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/d19718c4-fada-4e48-9127-7abd955a3763/audio/60598ded-f7d9-4752-8a1e-7fac7d82f935/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Reality Check Every Trader Needs</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:47:20</itunes:duration>
      <itunes:summary>In this episode, Agnieszka Wood and Greg Singleton dive into the misconception many traders have: the belief that “one day” they’ll finally make it and can take a break from the work. The truth? Trading success isn’t a destination—it’s an ongoing journey that demands consistent effort, emotional resilience, and a commitment to continuous growth. They discuss how external distractions, life interruptions, and setbacks are all part of the process, and how the elite 2% of successful traders keep pushing forward. If you’re wondering why you haven’t reached your goals yet, this episode is for you.</itunes:summary>
      <itunes:subtitle>In this episode, Agnieszka Wood and Greg Singleton dive into the misconception many traders have: the belief that “one day” they’ll finally make it and can take a break from the work. The truth? Trading success isn’t a destination—it’s an ongoing journey that demands consistent effort, emotional resilience, and a commitment to continuous growth. They discuss how external distractions, life interruptions, and setbacks are all part of the process, and how the elite 2% of successful traders keep pushing forward. If you’re wondering why you haven’t reached your goals yet, this episode is for you.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>58</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">cfc0e2c0-fbbc-4ddf-90f2-959d4172a8f3</guid>
      <title>How to Stop Procrastinating and take action</title>
      <description><![CDATA[<p>Trading success takes more than clicking buy and sell—it’s the behind-the-scenes work that makes all the difference. In this episode, Agnieszka and Greg dig into why so many traders procrastinate on the tasks that truly matter, like journaling, reviewing, and preparing. They unpack the emotional resistance that keeps you stuck, and share powerful shifts to help you take action and build the habits that lead to lasting success. If you’ve been avoiding the work that actually moves the needle—this one’s for you.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 13 Jun 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Trading success takes more than clicking buy and sell—it’s the behind-the-scenes work that makes all the difference. In this episode, Agnieszka and Greg dig into why so many traders procrastinate on the tasks that truly matter, like journaling, reviewing, and preparing. They unpack the emotional resistance that keeps you stuck, and share powerful shifts to help you take action and build the habits that lead to lasting success. If you’ve been avoiding the work that actually moves the needle—this one’s for you.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="44135822" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/9dee261d-d2a2-427b-9914-f5b91bbec182/audio/462a9665-e288-42c6-8ad8-752a05e2d873/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Stop Procrastinating and take action</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:45:58</itunes:duration>
      <itunes:summary>In this episode, Agnieszka Wood and Greg Singleton explore the hidden reasons behind procrastination in trading. They break down why traders avoid the very tasks that build long-term success—like backtesting, journaling, and reviewing—and uncover the emotional drivers that fuel resistance. You’ll learn simple mindset shifts and actionable strategies to help you follow through and stay consistent, even when motivation is low.</itunes:summary>
      <itunes:subtitle>In this episode, Agnieszka Wood and Greg Singleton explore the hidden reasons behind procrastination in trading. They break down why traders avoid the very tasks that build long-term success—like backtesting, journaling, and reviewing—and uncover the emotional drivers that fuel resistance. You’ll learn simple mindset shifts and actionable strategies to help you follow through and stay consistent, even when motivation is low.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>57</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">76345834-56d5-45b9-8361-3f0165855267</guid>
      <title>How to Handle Losing Trades</title>
      <description><![CDATA[<p>Trading often feels like a battle, especially when you see red on your screen and want to fight back. In this episode, Agnieszka dives into the mindset trap many traders fall into — the urge to fix losing trades at all costs. She explains why not every losing trade needs fixing, how to recognize when persistence becomes stubbornness, and how shifting your mindset can protect your energy and focus on long-term growth. If you’re tired of fighting the market and ready to handle losses with more clarity and calm, this episode is for you.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 30 May 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Trading often feels like a battle, especially when you see red on your screen and want to fight back. In this episode, Agnieszka dives into the mindset trap many traders fall into — the urge to fix losing trades at all costs. She explains why not every losing trade needs fixing, how to recognize when persistence becomes stubbornness, and how shifting your mindset can protect your energy and focus on long-term growth. If you’re tired of fighting the market and ready to handle losses with more clarity and calm, this episode is for you.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="31574477" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/3cded150-ff40-4bb5-9f75-0dbd79de1f98/audio/f914ac26-8334-42f7-9b6a-c594e2aef305/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Handle Losing Trades</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:32:53</itunes:duration>
      <itunes:summary>In this episode, Agnieszka Wood explores the common but tricky mindset of trying to “fix” losing trades. She shares why this natural impulse can lead to bigger losses and emotional burnout, and offers practical ways to shift your perspective for healthier, more resilient trading.</itunes:summary>
      <itunes:subtitle>In this episode, Agnieszka Wood explores the common but tricky mindset of trying to “fix” losing trades. She shares why this natural impulse can lead to bigger losses and emotional burnout, and offers practical ways to shift your perspective for healthier, more resilient trading.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>56</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">f1962c97-efde-414f-bb09-b71ba48933ff</guid>
      <title>Trading Burnout</title>
      <description><![CDATA[<p>Trading may seem like the ultimate dream job, but behind the screen, many traders struggle with burnout and isolation. In this episode, Agnieszka Wood and Greg Singleton discuss the harsh realities of trading, why traders often ignore the risks of burnout at the start, and how to safeguard your mental and physical health in a high-pressure environment. Listen in for expert advice on avoiding burnout and building a balanced, sustainable trading career.<br /> </p><p>Get your FREE <i>Trader’s Good Habit Tracker</i> now and join thousands of traders already using it to build and maintain a sustainable routine—designed to help prevent burnout. Start today at <a href="http://www.goodhabittracker.com/">www.goodhabittracker.com</a>!</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p>Book recommended in this episode: "The creative act of being" by Rick Rubin</p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 16 May 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Trading may seem like the ultimate dream job, but behind the screen, many traders struggle with burnout and isolation. In this episode, Agnieszka Wood and Greg Singleton discuss the harsh realities of trading, why traders often ignore the risks of burnout at the start, and how to safeguard your mental and physical health in a high-pressure environment. Listen in for expert advice on avoiding burnout and building a balanced, sustainable trading career.<br /> </p><p>Get your FREE <i>Trader’s Good Habit Tracker</i> now and join thousands of traders already using it to build and maintain a sustainable routine—designed to help prevent burnout. Start today at <a href="http://www.goodhabittracker.com/">www.goodhabittracker.com</a>!</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p>Book recommended in this episode: "The creative act of being" by Rick Rubin</p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="58447139" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/6e3f2870-5b9c-4586-a535-9415c28f678e/audio/5819097f-28c9-402e-856a-352395204197/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trading Burnout</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>01:00:52</itunes:duration>
      <itunes:summary>In this episode of Confidence in Trading, Greg Singleton and I uncover the hidden truths behind trading burnout. We dive into the immense pressures traders face, the isolation that often accompanies the profession, and the unrealistic expectations amplified by social media. Drawing from our own experiences, we discuss how burnout doesn&apos;t just drain financial resources, but also takes a toll on emotional and physical well-being. Tune in for practical strategies to manage stress, break free from isolation, and develop a more balanced, sustainable approach to trading.</itunes:summary>
      <itunes:subtitle>In this episode of Confidence in Trading, Greg Singleton and I uncover the hidden truths behind trading burnout. We dive into the immense pressures traders face, the isolation that often accompanies the profession, and the unrealistic expectations amplified by social media. Drawing from our own experiences, we discuss how burnout doesn&apos;t just drain financial resources, but also takes a toll on emotional and physical well-being. Tune in for practical strategies to manage stress, break free from isolation, and develop a more balanced, sustainable approach to trading.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>55</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">85a85d17-4a8a-432c-9a49-208989a5aa15</guid>
      <title>Why Change Is So Scary</title>
      <description><![CDATA[<p>Have you ever wondered why you often hesitate to make a change, even when you’re frustrated, stuck, losing money, and caught in that emotional rollercoaster every day? Why, despite having solutions right in front of you, do you still resist and talk yourself out of making a change? While most traders are familiar with the fear of failure, there’s another fear that can be just as paralyzing. In this episode, Greg Singleton and I, we dive into a topic that many traders overlook: the fear of success. We explore why traders hesitate to make changes even when they’re stuck in frustration and uncertainty. We’ll talk about how fear can hold you back—not just from failing, but from stepping into the bigger, more challenging version of yourself that success brings. We’ll also uncover the limiting beliefs that fuel this fear and share strategies to help you break free, take action, and embrace the success you’re capable of.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p>Book recommended in this episode: "The creative act of being" by Rick Rubin</p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 2 May 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Have you ever wondered why you often hesitate to make a change, even when you’re frustrated, stuck, losing money, and caught in that emotional rollercoaster every day? Why, despite having solutions right in front of you, do you still resist and talk yourself out of making a change? While most traders are familiar with the fear of failure, there’s another fear that can be just as paralyzing. In this episode, Greg Singleton and I, we dive into a topic that many traders overlook: the fear of success. We explore why traders hesitate to make changes even when they’re stuck in frustration and uncertainty. We’ll talk about how fear can hold you back—not just from failing, but from stepping into the bigger, more challenging version of yourself that success brings. We’ll also uncover the limiting beliefs that fuel this fear and share strategies to help you break free, take action, and embrace the success you’re capable of.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p>Book recommended in this episode: "The creative act of being" by Rick Rubin</p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="41816145" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/72ae107c-7963-461c-98e0-f5856403c7fa/audio/b0562d79-1580-4f06-943b-82fd673e9fc5/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Why Change Is So Scary</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:43:33</itunes:duration>
      <itunes:summary>In this episode Greg Singleton and I, we explore why traders often hesitate to make the changes they know they need, even when frustration and emotional rollercoasters hold them back. What if the fear of success is just as powerful as the fear of failure? We discuss the subconscious beliefs that keep you stuck and how to overcome them to finally step into your true potential. Let’s dive in!</itunes:summary>
      <itunes:subtitle>In this episode Greg Singleton and I, we explore why traders often hesitate to make the changes they know they need, even when frustration and emotional rollercoasters hold them back. What if the fear of success is just as powerful as the fear of failure? We discuss the subconscious beliefs that keep you stuck and how to overcome them to finally step into your true potential. Let’s dive in!</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>54</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">170c2a1d-4878-4ff8-9fac-fad23f3c2795</guid>
      <title>The Fear That Holds You Back</title>
      <description><![CDATA[<p>In this episode, Agnieszka and Greg dive deep into their personal experiences with fear and how it shapes our actions in both life and trading. Greg recounts a life-changing moment on his first cruise, where he faced his fear of drowning, while Agnieszka shares her hiking adventures in Sedona, where fear of heights tested her resilience. Together, they explore how fear often holds more power than the situations themselves and how confronting it can lead to profound personal growth.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p>Book recommended in this episode: "The creative act of being" by Rick Rubin</p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 18 Apr 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, Agnieszka and Greg dive deep into their personal experiences with fear and how it shapes our actions in both life and trading. Greg recounts a life-changing moment on his first cruise, where he faced his fear of drowning, while Agnieszka shares her hiking adventures in Sedona, where fear of heights tested her resilience. Together, they explore how fear often holds more power than the situations themselves and how confronting it can lead to profound personal growth.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p>Book recommended in this episode: "The creative act of being" by Rick Rubin</p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="42655413" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/f943393d-fb7d-4fd5-a8ba-af099e9eebdf/audio/966c84cf-1ec9-410c-ac98-f453fcb622f0/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Fear That Holds You Back</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:44:25</itunes:duration>
      <itunes:summary>Fear is something we all face, and in this episode &quot;The Fear That Holds You Back: Why Most of What You Worry About Never Happens&quot; Agnieszka and Greg share their powerful experiences with it. Greg talks about overcoming vertigo and his fear of drowning on a cruise, while Agnieszka reflects on how fear of heights challenged her during hikes in Sedona. They discuss the psychological nature of fear, how it often exists in our minds rather than in reality, and strategies for managing it in stressful situations. From personal stories to practical tips on fear management, this episode offers insights on how to break free from fear’s grip, both in life and in trading.</itunes:summary>
      <itunes:subtitle>Fear is something we all face, and in this episode &quot;The Fear That Holds You Back: Why Most of What You Worry About Never Happens&quot; Agnieszka and Greg share their powerful experiences with it. Greg talks about overcoming vertigo and his fear of drowning on a cruise, while Agnieszka reflects on how fear of heights challenged her during hikes in Sedona. They discuss the psychological nature of fear, how it often exists in our minds rather than in reality, and strategies for managing it in stressful situations. From personal stories to practical tips on fear management, this episode offers insights on how to break free from fear’s grip, both in life and in trading.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>53</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">d4bb25cd-bfb6-491d-bec6-073bd435f1fc</guid>
      <title>The Power of Detachment in Trading</title>
      <description><![CDATA[<p>Ever find yourself holding onto a trade, or even a belief, just because you're looking for certainty? In today’s episode, Greg Singleton and I dive into the topic of detachment in trading. We explore why it's so hard to let go, the courage it takes to embrace uncertainty, and how clinging to things—whether in trading or life—only leads to disappointment. It’s time to confront the truth: change is inevitable, and letting go is often the key to moving forward. No script, no expectations—just a free-flowing conversation about how detachment might just be what you need to move forward in your trading journey.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p>Book recommended in this episode: "The creative act of being" by Rick Rubin</p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 4 Apr 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Ever find yourself holding onto a trade, or even a belief, just because you're looking for certainty? In today’s episode, Greg Singleton and I dive into the topic of detachment in trading. We explore why it's so hard to let go, the courage it takes to embrace uncertainty, and how clinging to things—whether in trading or life—only leads to disappointment. It’s time to confront the truth: change is inevitable, and letting go is often the key to moving forward. No script, no expectations—just a free-flowing conversation about how detachment might just be what you need to move forward in your trading journey.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p>Book recommended in this episode: "The creative act of being" by Rick Rubin</p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong>https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="45143118" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/5ac04bce-ea2a-4ed8-876d-3e01aa66d5dd/audio/94378d02-edb1-49b0-be17-33089327d621/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Power of Detachment in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:47:01</itunes:duration>
      <itunes:summary>In this episode, Greg Singleton and I tackle the tough but necessary subject of detachment in trading. We discuss why the fear of letting go stems from our search for certainties, and how it takes real courage to embrace uncertainty. Clinging to trades, beliefs, or even outcomes only leads to pain and disappointment. We also highlight how everything—both in trading and life—is constantly changing, and learning to let go can actually free us to make better, more flexible decisions. This is about more than trading—it’s a mindset shift that can change how you approach both your trading and your life.</itunes:summary>
      <itunes:subtitle>In this episode, Greg Singleton and I tackle the tough but necessary subject of detachment in trading. We discuss why the fear of letting go stems from our search for certainties, and how it takes real courage to embrace uncertainty. Clinging to trades, beliefs, or even outcomes only leads to pain and disappointment. We also highlight how everything—both in trading and life—is constantly changing, and learning to let go can actually free us to make better, more flexible decisions. This is about more than trading—it’s a mindset shift that can change how you approach both your trading and your life.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>52</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">e77b5ff5-51f2-45a2-9a19-479afbd02e92</guid>
      <title>Mastering the Pivot</title>
      <description><![CDATA[<p>In this episode, Agnieszka Wood is joined again by Greg Singleton to dive into one of the most critical skills for traders: learning how to pivot. They explore how traders can manage emotional resistance, overcome fear and doubt, and make decisions with confidence—even in the face of uncertainty. They share their insights on the importance of mental clarity, intuition, and emotional resilience in making the tough decision to change direction during a trade. Whether you're struggling to let go of a losing position or facing mental blocks, this episode offers valuable tools to help you pivot with courage and confidence.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong> https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 21 Mar 2025 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, Agnieszka Wood is joined again by Greg Singleton to dive into one of the most critical skills for traders: learning how to pivot. They explore how traders can manage emotional resistance, overcome fear and doubt, and make decisions with confidence—even in the face of uncertainty. They share their insights on the importance of mental clarity, intuition, and emotional resilience in making the tough decision to change direction during a trade. Whether you're struggling to let go of a losing position or facing mental blocks, this episode offers valuable tools to help you pivot with courage and confidence.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong> https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="53246126" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/1f0af0da-7caf-4097-b519-25eab93b5260/audio/b7450251-bbb3-42e5-a9f2-1801620b44d4/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Mastering the Pivot</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:55:27</itunes:duration>
      <itunes:summary>When trading, staying flexible is key to long-term success. In this episode &quot;Mastering the Pivot: How to Make the Right Move in Uncertain Markets&quot;, the host Agnieszka Wood and her guest Greg Singleton dive deep into the importance of pivoting in both trading and life. They explain how pivoting is about more than just changing strategies—it requires emotional awareness and a mindset shift. The conversation touches on the challenges of pivoting, including fear of uncertainty and discomfort, and offers growth opportunities. This episode is full of practical insights on navigating the discomfort that comes with change and making decisions that are in your best interest. Tune in for actionable insights on how to develop the mindset necessary to pivot and thrive in uncertain trading conditions.</itunes:summary>
      <itunes:subtitle>When trading, staying flexible is key to long-term success. In this episode &quot;Mastering the Pivot: How to Make the Right Move in Uncertain Markets&quot;, the host Agnieszka Wood and her guest Greg Singleton dive deep into the importance of pivoting in both trading and life. They explain how pivoting is about more than just changing strategies—it requires emotional awareness and a mindset shift. The conversation touches on the challenges of pivoting, including fear of uncertainty and discomfort, and offers growth opportunities. This episode is full of practical insights on navigating the discomfort that comes with change and making decisions that are in your best interest. Tune in for actionable insights on how to develop the mindset necessary to pivot and thrive in uncertain trading conditions.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>51</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">c2f881cf-a17a-4fb3-9e1e-7feeb71209c0</guid>
      <title>The Role of Intuition in Trading</title>
      <description><![CDATA[<p>Intuition is often seen as the "secret weapon" in trading, but how do you know when to trust it? In today’s episode, Agnieszka and Greg explore the importance of listening to your inner voice while balancing it with logic and data. With personal stories and practical advice, they explore how intuition can lead to smarter trades and how creating a calm, centered environment supports trading success. Tune in for a powerful conversation on trusting yourself and going with the flow in both trading and life. </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong> https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 7 Mar 2025 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Intuition is often seen as the "secret weapon" in trading, but how do you know when to trust it? In today’s episode, Agnieszka and Greg explore the importance of listening to your inner voice while balancing it with logic and data. With personal stories and practical advice, they explore how intuition can lead to smarter trades and how creating a calm, centered environment supports trading success. Tune in for a powerful conversation on trusting yourself and going with the flow in both trading and life. </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong> https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="52953132" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/f15f5a85-333d-46bd-8610-302a36ee5405/audio/f2b81587-1a78-4072-a3a8-2b9a27bf57f2/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Role of Intuition in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:55:09</itunes:duration>
      <itunes:summary>In this special 50th episode, Agnieszka Wood and Greg Singleton, dive into the power of intuition and how it plays a pivotal role in making trading decisions. They discuss how to differentiate between gut feelings and fear, offering insights into how intuition can guide traders to make smarter, more confident decisions. As a highly sensitive person, Agnieszka shares her personal journey of learning to trust her instincts and how it impacts her decision-making process. Tune in to learn how to balance logical analysis with your gut feeling, and when to trust your intuition without being reckless.</itunes:summary>
      <itunes:subtitle>In this special 50th episode, Agnieszka Wood and Greg Singleton, dive into the power of intuition and how it plays a pivotal role in making trading decisions. They discuss how to differentiate between gut feelings and fear, offering insights into how intuition can guide traders to make smarter, more confident decisions. As a highly sensitive person, Agnieszka shares her personal journey of learning to trust her instincts and how it impacts her decision-making process. Tune in to learn how to balance logical analysis with your gut feeling, and when to trust your intuition without being reckless.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>50</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">541e01a1-4bf9-41c3-b2db-5fa038a14f35</guid>
      <title>Are You a Trader or You’re Just Gambling</title>
      <description><![CDATA[<p>Are you a trader or just gambling with your money? In this episode, Agnieszka and Greg break down the psychological connection between trading and gambling, using insights from The Wall Street Journal article on how the stock market can become as addictive as betting. They explore the difference between taking calculated risks and chasing the thrill of a win, as well as the myth of trading being a 50/50 chance. Learn how to avoid the trap of impulsive trading, control emotional triggers, and create a strategy that helps you take advantage of probabilities. If you're ready to trade smarter and with purpose, tune in now!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong> https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 21 Feb 2025 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Are you a trader or just gambling with your money? In this episode, Agnieszka and Greg break down the psychological connection between trading and gambling, using insights from The Wall Street Journal article on how the stock market can become as addictive as betting. They explore the difference between taking calculated risks and chasing the thrill of a win, as well as the myth of trading being a 50/50 chance. Learn how to avoid the trap of impulsive trading, control emotional triggers, and create a strategy that helps you take advantage of probabilities. If you're ready to trade smarter and with purpose, tune in now!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong> https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="45591247" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/2b09f13c-893c-45f3-b6f2-5b7eaa5136b7/audio/d0e64d6c-e2ee-4a8f-9aa4-2479e7943e05/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Are You a Trader or You’re Just Gambling</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:47:29</itunes:duration>
      <itunes:summary>In this episode, the host Agnieszka Wood and her guest Greg Singleton dive into a compelling topic: Is trading just a form of gambling? Inspired by The Wall Street Journal article about the rising addiction to the stock market, they explore the psychological connections between trading and gambling, especially among younger traders. The discussion focuses on the fine line between calculated risk-taking and impulsive decision-making, and whether trading is truly a 50/50 game of chance. They highlight the critical importance of having a clear trading plan, managing emotional triggers, and taking advantage of probabilities rather than relying on luck. Agnieszka and Greg also share practical strategies for avoiding gambling-like behaviors and building a disciplined approach to trading.</itunes:summary>
      <itunes:subtitle>In this episode, the host Agnieszka Wood and her guest Greg Singleton dive into a compelling topic: Is trading just a form of gambling? Inspired by The Wall Street Journal article about the rising addiction to the stock market, they explore the psychological connections between trading and gambling, especially among younger traders. The discussion focuses on the fine line between calculated risk-taking and impulsive decision-making, and whether trading is truly a 50/50 game of chance. They highlight the critical importance of having a clear trading plan, managing emotional triggers, and taking advantage of probabilities rather than relying on luck. Agnieszka and Greg also share practical strategies for avoiding gambling-like behaviors and building a disciplined approach to trading.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>49</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">3566b3d2-cafc-444c-8fa4-eb937982c5d6</guid>
      <title>Breaking Free from Unrealistic Expectations in Trading</title>
      <description><![CDATA[<p>Join Agnieszka and Greg as they discuss breaking free from unrealistic expectations in trading. With insights on goal-setting, personal growth, and embracing failure as part of the learning process, this episode offers a fresh perspective on trading as a tool for transformation. Learn how to stay present, trust yourself, and develop a mindset that views trading as an avenue for growth—not a battleground. If you're ready to shed the past and embrace change, this episode will inspire you to rethink your approach to trading and life.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong> https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 7 Feb 2025 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Join Agnieszka and Greg as they discuss breaking free from unrealistic expectations in trading. With insights on goal-setting, personal growth, and embracing failure as part of the learning process, this episode offers a fresh perspective on trading as a tool for transformation. Learn how to stay present, trust yourself, and develop a mindset that views trading as an avenue for growth—not a battleground. If you're ready to shed the past and embrace change, this episode will inspire you to rethink your approach to trading and life.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p><p><strong>About Greg Singleton</strong></p><p><i>CEO CSBCoaching, Perspective & Mindset Coach</i></p><p>Greg Singleton is an author, speaker, coach, former Director of IT, and current day trader dedicated to empowering others through personal growth and transformation. As the founder of CSB Coaching, he has developed a powerful framework centered on three pillars of personal growth, helping individuals overcome challenges like imposter syndrome and confidence issues. A contributor to <i>Brainz Magazine</i> and featured in <i>Authority Magazine’s</i> <i>Mental Wellness Mastery</i>series, Greg shares insights on resilience, emotional control, and meaningful change. His journey—from navigating marriage, divorce, and career evolution to rebuilding a life of purpose—fuels his passion for coaching. Actively involved with NAMI, he volunteers as a peer-to-peer leader and speaker, advocating for mental health awareness. Now residing in Raleigh, NC, after relocating from Albany, NY, Greg continues to inspire through writing, speaking engagements, and his commitment to personal development—all while enjoying walks with his retired racing greyhound. <strong>More info:</strong> https://csbcoaching.com</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="45175404" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/7aace874-e769-4c45-b60b-58a6e3750ec5/audio/4782586b-b310-4723-b252-294a01ee430c/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Breaking Free from Unrealistic Expectations in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:47:03</itunes:duration>
      <itunes:summary>Do you ever feel like the market is playing tricks on you, or that no matter how hard you try, you&apos;re just not making progress? In this episode of Breaking Free from Unrealistic Expectations in Trading, Agnieszka is joined by Greg Singleton, a mindset and perspective coach with over 20 years of experience in business and tech. Together, they explore how unrealistic expectations in trading can hinder progress and growth. They discuss the importance of setting realistic goals, viewing failures as learning opportunities, and embracing personal development through trading. The episode also delves into the need for self-awareness, humility, and the power of reframing negative emotions to foster success. Agnieszka and Greg share personal insights on how trading serves as a mirror for growth, and how adapting to the market&apos;s indifference can teach us valuable life lessons.</itunes:summary>
      <itunes:subtitle>Do you ever feel like the market is playing tricks on you, or that no matter how hard you try, you&apos;re just not making progress? In this episode of Breaking Free from Unrealistic Expectations in Trading, Agnieszka is joined by Greg Singleton, a mindset and perspective coach with over 20 years of experience in business and tech. Together, they explore how unrealistic expectations in trading can hinder progress and growth. They discuss the importance of setting realistic goals, viewing failures as learning opportunities, and embracing personal development through trading. The episode also delves into the need for self-awareness, humility, and the power of reframing negative emotions to foster success. Agnieszka and Greg share personal insights on how trading serves as a mirror for growth, and how adapting to the market&apos;s indifference can teach us valuable life lessons.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>48</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">33e74f5d-46b5-4efd-a982-ae9086d2829f</guid>
      <title>Overcoming Your Trading Blindspot</title>
      <description><![CDATA[<p>In this episode, we explore the subtle yet powerful victim mindset and how it can impact your trading, even if you don’t realize it. If you’re putting in the effort but still feeling stuck, it’s possible you’re subconsciously playing the victim role, waiting for something outside yourself to change. We’ll walk through how to recognize this pattern, shift your perspective, and take responsibility for your actions so you can finally break through and create lasting success in your trading. If you’re struggling to make progress but don’t know why, this episode offers the key to unlocking your true potential.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 24 Jan 2025 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, we explore the subtle yet powerful victim mindset and how it can impact your trading, even if you don’t realize it. If you’re putting in the effort but still feeling stuck, it’s possible you’re subconsciously playing the victim role, waiting for something outside yourself to change. We’ll walk through how to recognize this pattern, shift your perspective, and take responsibility for your actions so you can finally break through and create lasting success in your trading. If you’re struggling to make progress but don’t know why, this episode offers the key to unlocking your true potential.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="19512668" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/bd6bdc36-3497-430c-b1a1-578bbe9d2440/audio/9080cee5-b52b-4da5-ab36-56efd2266d63/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Overcoming Your Trading Blindspot</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:20:19</itunes:duration>
      <itunes:summary>Do you feel like you&apos;re putting in the work but still not seeing the results you want? You may not even realize it, but you could be stuck in a pattern that&apos;s keeping you from reaching your potential. In this episode, we dive into the subconscious victim mindset and explore how it can quietly hold you back. You might not be blaming external factors outright, but if you&apos;re struggling to take consistent action and make progress, this mindset could be the hidden barrier. Learn how to shift from feeling powerless to taking control of your trading and your success.</itunes:summary>
      <itunes:subtitle>Do you feel like you&apos;re putting in the work but still not seeing the results you want? You may not even realize it, but you could be stuck in a pattern that&apos;s keeping you from reaching your potential. In this episode, we dive into the subconscious victim mindset and explore how it can quietly hold you back. You might not be blaming external factors outright, but if you&apos;re struggling to take consistent action and make progress, this mindset could be the hidden barrier. Learn how to shift from feeling powerless to taking control of your trading and your success.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>47</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">b8dec90c-2081-4869-819c-bf155f84008c</guid>
      <title>The Secret to Keeping New Year&apos;s Resolutions</title>
      <description><![CDATA[<p>In this episode, wI explore a fresh approach to New Year’s resolutions, focusing on the importance of connecting with your deeper <i>why</i>. We dive into why traditional resolutions often fail and how aligning with your true purpose can set you up for long-term success. If you’re tired of setting goals that fade away, this episode offers a mindset shift to help you achieve lasting change.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 27 Dec 2024 23:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, wI explore a fresh approach to New Year’s resolutions, focusing on the importance of connecting with your deeper <i>why</i>. We dive into why traditional resolutions often fail and how aligning with your true purpose can set you up for long-term success. If you’re tired of setting goals that fade away, this episode offers a mindset shift to help you achieve lasting change.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="16551449" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/5056536d-5090-427a-a1e3-a2775d2dd28f/audio/a58fb6c9-953a-47c0-890d-bdacb1066ce4/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Secret to Keeping New Year&apos;s Resolutions</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:17:14</itunes:duration>
      <itunes:summary>Do you ever set big goals for the new year, only to see them fade away by February? New Year’s resolutions often fade away because they focus on external results, rather than a deeper, heart-driven motivation. In this episode, we challenge the traditional resolution cycle and offer a more effective approach by helping you tap into your why and build a vision that truly lasts. Learn how to set and achieve meaningful goals with a mindset that will support long-term success.
</itunes:summary>
      <itunes:subtitle>Do you ever set big goals for the new year, only to see them fade away by February? New Year’s resolutions often fade away because they focus on external results, rather than a deeper, heart-driven motivation. In this episode, we challenge the traditional resolution cycle and offer a more effective approach by helping you tap into your why and build a vision that truly lasts. Learn how to set and achieve meaningful goals with a mindset that will support long-term success.
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>46</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">807d2ae8-eef0-4d05-8a4c-05d4b0f14b30</guid>
      <title>From Perfectionism to Progress</title>
      <description><![CDATA[<p>In this episode, <i> </i>I’m diving into the hidden barrier that stops so many traders from breaking through: the belief of not deserving success. I’ll share personal stories, a powerful example from a trader I coached, and insights into how fear of rejection and perfectionism can sabotage your progress. More importantly, you’ll learn how to embrace self-acceptance and shift your mindset to create the breakthrough you’ve been looking for. This episode isn’t just about trading—it’s about transforming your approach to success and life.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 13 Dec 2024 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, <i> </i>I’m diving into the hidden barrier that stops so many traders from breaking through: the belief of not deserving success. I’ll share personal stories, a powerful example from a trader I coached, and insights into how fear of rejection and perfectionism can sabotage your progress. More importantly, you’ll learn how to embrace self-acceptance and shift your mindset to create the breakthrough you’ve been looking for. This episode isn’t just about trading—it’s about transforming your approach to success and life.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="16326559" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/6576a04e-5838-4c4a-939a-4c6e5cb793fb/audio/ee995c6b-a106-4859-8a69-4ed5b1e22763/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>From Perfectionism to Progress</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:17:00</itunes:duration>
      <itunes:summary>Do you ever feel like no matter how hard you try, success in trading always seems just out of reach? Maybe you stick to your plan, work hard, and make progress—only to sabotage yourself with impulsive decisions or stubborn mistakes. And it might not be your strategy or your discipline that’s holding you back. It could be something much deeper—something you might not even realize. In today’s episode, I’m diving into the hidden barrier that stops so many traders from breaking through. If you’re tired of being stuck, this could be the shift you’ve been waiting for. </itunes:summary>
      <itunes:subtitle>Do you ever feel like no matter how hard you try, success in trading always seems just out of reach? Maybe you stick to your plan, work hard, and make progress—only to sabotage yourself with impulsive decisions or stubborn mistakes. And it might not be your strategy or your discipline that’s holding you back. It could be something much deeper—something you might not even realize. In today’s episode, I’m diving into the hidden barrier that stops so many traders from breaking through. If you’re tired of being stuck, this could be the shift you’ve been waiting for. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>45</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">d9ab397d-c10a-468f-8a61-2b20d5282519</guid>
      <title>Three Deadly Distractions in Trading</title>
      <description><![CDATA[<p>In this episode, I dive into the power of focus in trading and how it can transform your results. I reveal the three biggest distractions—money, losses, and mistakes. I’ll reveal key areas of focus and show you how narrowing your attention to those not only simplifies your trading but also leads to greater clarity, discipline, consistency and long-term success. You’ll also get practical tips, to help sharpen your focus and unlock your trading potential. Tune in to simplify your approach and start seeing real progress.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 29 Nov 2024 19:15:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, I dive into the power of focus in trading and how it can transform your results. I reveal the three biggest distractions—money, losses, and mistakes. I’ll reveal key areas of focus and show you how narrowing your attention to those not only simplifies your trading but also leads to greater clarity, discipline, consistency and long-term success. You’ll also get practical tips, to help sharpen your focus and unlock your trading potential. Tune in to simplify your approach and start seeing real progress.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="21486271" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/b2789f35-5aeb-4a02-9e68-72dacbf1cdb7/audio/163c30a6-d77d-44f0-8b4e-5cc138309fdb/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Three Deadly Distractions in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:22:22</itunes:duration>
      <itunes:summary>Where your focus goes, your energy flows—and as a trader, this single truth can either make or break your results. The problem? Most traders focus on the wrong things: money, losses, and mistakes. In today’s episode, I’ll show you why these distractions are so dangerous, where your attention really needs to go, and how simplifying your focus can completely transform your trading game. 
</itunes:summary>
      <itunes:subtitle>Where your focus goes, your energy flows—and as a trader, this single truth can either make or break your results. The problem? Most traders focus on the wrong things: money, losses, and mistakes. In today’s episode, I’ll show you why these distractions are so dangerous, where your attention really needs to go, and how simplifying your focus can completely transform your trading game. 
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>44</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">0de55c18-5ff0-49b9-b3d1-f21c73a21140</guid>
      <title>The Secret of Trader’s Diary</title>
      <description><![CDATA[<p>In this episode, I explore the often-overlooked practice of journaling and why it’s essential for every trader. Starting with the 'why' behind journaling, we break down what a trading journal should actually include and how it can reveal powerful insights into your trading habits and mindset. Along the way, I share one of my own early journal entries—complete with some colorful language—to show how raw, honest reflections can lead to breakthroughs. Whether you’re new to journaling or want to take it deeper, this episode will inspire you to make it a key part of your trading strategy.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 1 Nov 2024 17:39:08 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, I explore the often-overlooked practice of journaling and why it’s essential for every trader. Starting with the 'why' behind journaling, we break down what a trading journal should actually include and how it can reveal powerful insights into your trading habits and mindset. Along the way, I share one of my own early journal entries—complete with some colorful language—to show how raw, honest reflections can lead to breakthroughs. Whether you’re new to journaling or want to take it deeper, this episode will inspire you to make it a key part of your trading strategy.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/strategysession">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="24123584" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/4b652a38-bf90-47c8-9862-f5deefee922a/audio/8902c220-7ca1-4701-87f1-818b4dd30c74/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Secret of Trader’s Diary</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:25:07</itunes:duration>
      <itunes:summary>Journaling might not seem like the secret sauce to successful trading, but it’s a game-changer. In this episode, we dig into why keeping a trading journal is one of the best ways to boost your consistency and profitability. I’ll share some practical journaling tips and even read an entry from my own early trading days—a raw and unfiltered look at the struggles that shaped my journey.</itunes:summary>
      <itunes:subtitle>Journaling might not seem like the secret sauce to successful trading, but it’s a game-changer. In this episode, we dig into why keeping a trading journal is one of the best ways to boost your consistency and profitability. I’ll share some practical journaling tips and even read an entry from my own early trading days—a raw and unfiltered look at the struggles that shaped my journey.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>43</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">ba617256-a302-4168-88ce-09bf4af8df92</guid>
      <title>The Hidden Drive Behind Impatience</title>
      <description><![CDATA[<p>Impatience has a sneaky way of getting even the best of traders—whether it’s closing a trade too soon, jumping into a bad one, or don’t forget about overtrading... These are things every trader knows all too well. But where does this constant urge to act come from? Why can’t we sometimes just wait? In this episode, we’ll explore why being patient is so difficult, what is driving your impatience and what to do about it.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/45-minute-intro-session">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 18 Oct 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Impatience has a sneaky way of getting even the best of traders—whether it’s closing a trade too soon, jumping into a bad one, or don’t forget about overtrading... These are things every trader knows all too well. But where does this constant urge to act come from? Why can’t we sometimes just wait? In this episode, we’ll explore why being patient is so difficult, what is driving your impatience and what to do about it.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/45-minute-intro-session">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="13593112" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/2c605758-6f70-46a9-be66-fbf2a5f853cb/audio/63bf985f-e1fb-4046-8693-95e1fe9f7109/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Hidden Drive Behind Impatience</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:14:09</itunes:duration>
      <itunes:summary>In this episode, host Agnieszka Wood explores what’s driving your impatience in trading and what to do about it. She dives into the deeper reasons behind the constant urge to act and why waiting can feel so hard. Agnieszka shares the insights to help you cultivate more patience in your trading journey.</itunes:summary>
      <itunes:subtitle>In this episode, host Agnieszka Wood explores what’s driving your impatience in trading and what to do about it. She dives into the deeper reasons behind the constant urge to act and why waiting can feel so hard. Agnieszka shares the insights to help you cultivate more patience in your trading journey.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>42</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">adb92389-24cd-4f79-a4aa-9aa3490a7356</guid>
      <title>Why Resilience, Not Grit, Keeps You in the Game of Trading</title>
      <description><![CDATA[<p>How do grit and resilience impact trading success? In this episode, I explore the roles of grit and resilience in trading and how each affects your ability to handle market challenges. We dive into practical strategies to build emotional resilience and grit. Whether you're navigating tough trades or looking to strengthen your mental game, this episode offers tips to help you thrive in the markets. Tune in to learn how to build the mindset needed for long-term success!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/45-minute-intro-session">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 4 Oct 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>How do grit and resilience impact trading success? In this episode, I explore the roles of grit and resilience in trading and how each affects your ability to handle market challenges. We dive into practical strategies to build emotional resilience and grit. Whether you're navigating tough trades or looking to strengthen your mental game, this episode offers tips to help you thrive in the markets. Tune in to learn how to build the mindset needed for long-term success!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/45-minute-intro-session">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="24340503" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/11567dfc-09b6-4f3e-be19-6b69de273530/audio/ab608fc2-afe8-45d4-adde-091713971544/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Why Resilience, Not Grit, Keeps You in the Game of Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:25:21</itunes:duration>
      <itunes:summary>In this episode, host Agnieszka Wood explores the difference between grit and resilience in trading, emphasizing how each contributes to long-term success. From the persistence grit provides to the adaptability that resilience offers, she dives into strategies to help traders navigate the unpredictable nature of the markets. 
</itunes:summary>
      <itunes:subtitle>In this episode, host Agnieszka Wood explores the difference between grit and resilience in trading, emphasizing how each contributes to long-term success. From the persistence grit provides to the adaptability that resilience offers, she dives into strategies to help traders navigate the unpredictable nature of the markets. 
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>41</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">6cb2b7fa-fc5e-49ba-a5bd-0eb1e8ee5907</guid>
      <title>ADHD in Trading: Superpower or Risk</title>
      <description><![CDATA[<p>How does ADHD impact trading? In this episode, we explore how ADHD manifests <i>within</i> the context of trading and the impact of ADHD on trading behavior and performance, honing in on how it plays a role in a trader’s experience. I dive into the unique strengths ADHD brings to trading, like hyperfocus and adaptability, as well as the challenges, such as impulsive decision-making and emotional regulation. You’ll learn actionable strategies to leverage your strengths and create a structure to improve performance, whether or not you have ADHD. Tune in for tips on how to thrive in the markets!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/45-minute-intro-session">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 20 Sep 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>How does ADHD impact trading? In this episode, we explore how ADHD manifests <i>within</i> the context of trading and the impact of ADHD on trading behavior and performance, honing in on how it plays a role in a trader’s experience. I dive into the unique strengths ADHD brings to trading, like hyperfocus and adaptability, as well as the challenges, such as impulsive decision-making and emotional regulation. You’ll learn actionable strategies to leverage your strengths and create a structure to improve performance, whether or not you have ADHD. Tune in for tips on how to thrive in the markets!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Schedule a call with Agnieszka to learn more about her Trading Mindset Coaching programs for traders <a href="https://calendly.com/aheadcoach/45-minute-intro-session">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="20334348" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/cb9ae080-12ca-4e11-a977-e07b2306c4a9/audio/6fd67060-bf8a-42b3-a750-e6001e8eea68/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>ADHD in Trading: Superpower or Risk</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:21:10</itunes:duration>
      <itunes:summary>In this episode,  the host Agnieszka Wood explores the impact of ADHD on trading performance—both the strengths and challenges it presents. From leveraging hyperfocus and quick adaptability to managing impulsive trades and emotional decision-making, we dive into strategies to help traders with ADHD thrive. She also shares tips on mindfulness, routines, and how to create a structure for better consistency. Whether you have ADHD or not, this episode offers valuable insights for recognizing your strengths and managing weaknesses to succeed in the markets.
</itunes:summary>
      <itunes:subtitle>In this episode,  the host Agnieszka Wood explores the impact of ADHD on trading performance—both the strengths and challenges it presents. From leveraging hyperfocus and quick adaptability to managing impulsive trades and emotional decision-making, we dive into strategies to help traders with ADHD thrive. She also shares tips on mindfulness, routines, and how to create a structure for better consistency. Whether you have ADHD or not, this episode offers valuable insights for recognizing your strengths and managing weaknesses to succeed in the markets.
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>40</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">dd0f2576-90bb-46e8-9ad4-083fd88d0660</guid>
      <title>Dealing with losses in trading</title>
      <description><![CDATA[<p>Do you feel terrible after a losing trade, like it’s more than just about the money? In this episode, we’ll talk about why losses can hit so hard emotionally and how self-compassion, self-love, and self-forgiveness are essential tools for overcoming the guilt and shame that can follow. Tune in to discover practical strategies for handling losses and keeping your confidence intact as you navigate the ups and downs of trading.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Learn more about Agnieszka Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 6 Sep 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Do you feel terrible after a losing trade, like it’s more than just about the money? In this episode, we’ll talk about why losses can hit so hard emotionally and how self-compassion, self-love, and self-forgiveness are essential tools for overcoming the guilt and shame that can follow. Tune in to discover practical strategies for handling losses and keeping your confidence intact as you navigate the ups and downs of trading.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>Learn more about Agnieszka Trading Mindset Coaching programs for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="20999351" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/a6652516-ec86-4a4a-8225-f78b3f36f88a/audio/f074092d-fffa-4978-a8fd-d464f71ffed5/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Dealing with losses in trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:21:52</itunes:duration>
      <itunes:summary>In this episode, the host Agnieszka Wood explores how traders can cope with the emotional impact of losing trades. She dives into the powerful feelings of guilt, shame, and frustration that often accompany losses and discusses why it&apos;s essential to build self-compassion, self-love, and self-forgiveness to break the destructive cycle of negative emotions. Learn how these three key ingredients can help you regain confidence, make clearer decisions, and stop allowing losses to define your self-worth as a trader.</itunes:summary>
      <itunes:subtitle>In this episode, the host Agnieszka Wood explores how traders can cope with the emotional impact of losing trades. She dives into the powerful feelings of guilt, shame, and frustration that often accompany losses and discusses why it&apos;s essential to build self-compassion, self-love, and self-forgiveness to break the destructive cycle of negative emotions. Learn how these three key ingredients can help you regain confidence, make clearer decisions, and stop allowing losses to define your self-worth as a trader.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>39</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">f6f11f93-4e4d-4120-95e1-4e428fb1f2e9</guid>
      <title>A Vicious Cycle of Expectations in Trading</title>
      <description><![CDATA[<p>Unrealistic expectations in trading can create a self-perpetuating cycle of negative emotions and poor performance. By understanding and managing these expectations, traders can break free from this cycle, leading to a more balanced emotional state and improved trading outcomes.</p><p>In this episode the host Agnieszka Wood dives into the powerful influence of expectations on trading performance and emotional well-being. She explores why traders often set high, sometimes unrealistic, expectations for themselves—whether to prove something to themselves or to others—and how these expectations can lead to a cycle of frustration, self-doubt, and poor decision-making. She also provides you with practical strategies for managing expectations, breaking free from this vicious cycle, and fostering a healthier, more balanced approach to trading. Tune in to gain insights that can help you align your expectations with the realities of the market and improve your overall trading mindset.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 23 Aug 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Unrealistic expectations in trading can create a self-perpetuating cycle of negative emotions and poor performance. By understanding and managing these expectations, traders can break free from this cycle, leading to a more balanced emotional state and improved trading outcomes.</p><p>In this episode the host Agnieszka Wood dives into the powerful influence of expectations on trading performance and emotional well-being. She explores why traders often set high, sometimes unrealistic, expectations for themselves—whether to prove something to themselves or to others—and how these expectations can lead to a cycle of frustration, self-doubt, and poor decision-making. She also provides you with practical strategies for managing expectations, breaking free from this vicious cycle, and fostering a healthier, more balanced approach to trading. Tune in to gain insights that can help you align your expectations with the realities of the market and improve your overall trading mindset.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="17132834" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/fd482176-62f6-47fe-9f6e-b37249199ec8/audio/32233726-eb05-4bdf-89b3-d594e1a46ed8/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>A Vicious Cycle of Expectations in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:17:50</itunes:duration>
      <itunes:summary>In this episode the host Agnieszka Wood dives into the powerful influence of expectations on trading performance and emotional well-being. She explores why traders often set high, sometimes unrealistic, expectations for themselves—whether to prove something to themselves or to others—and how these expectations can lead to a cycle of frustration, self-doubt, and poor decision-making. Tune in to gain insights and learn practical strategies that can help you align your expectations with the realities of the market and improve your overall trading mindset.
</itunes:summary>
      <itunes:subtitle>In this episode the host Agnieszka Wood dives into the powerful influence of expectations on trading performance and emotional well-being. She explores why traders often set high, sometimes unrealistic, expectations for themselves—whether to prove something to themselves or to others—and how these expectations can lead to a cycle of frustration, self-doubt, and poor decision-making. Tune in to gain insights and learn practical strategies that can help you align your expectations with the realities of the market and improve your overall trading mindset.
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>38</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">a5c0ac21-4ac8-49bd-a47a-c0446cad14fd</guid>
      <title>Trading Passion or Obsession</title>
      <description><![CDATA[<p>Did you know that what starts as a passion for trading can quickly spiral into an unhealthy obsession? Have you ever found yourself thinking about your losses long after you left your trading desk for the day? Ruminating about your trading decisions when you’re away from the screen, neglecting your loved ones and other important aspects of your life?</p><p>In this episode the host Agnieszka Wood dives into the fine line between passion and obsession in trading. She explores how easy it is for enthusiasm to turn into compulsion, the negative effects this shift can have, and how you can recognize the warning signs before it’s too late.</p><p>She provides you with practical strategies to regain balance and maintain a healthy, productive approach to trading and introduces the powerful concept that can help you find instant relief.</p><p> </p><p>Learn more about Agnieszka's signature Trading Mindset Coaching group program for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 9 Aug 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Did you know that what starts as a passion for trading can quickly spiral into an unhealthy obsession? Have you ever found yourself thinking about your losses long after you left your trading desk for the day? Ruminating about your trading decisions when you’re away from the screen, neglecting your loved ones and other important aspects of your life?</p><p>In this episode the host Agnieszka Wood dives into the fine line between passion and obsession in trading. She explores how easy it is for enthusiasm to turn into compulsion, the negative effects this shift can have, and how you can recognize the warning signs before it’s too late.</p><p>She provides you with practical strategies to regain balance and maintain a healthy, productive approach to trading and introduces the powerful concept that can help you find instant relief.</p><p> </p><p>Learn more about Agnieszka's signature Trading Mindset Coaching group program for traders <a href="https://www.aheadcoach.com/store">HERE</a>.  </p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="26009844" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/6a7a07aa-1ce0-4cfe-9bd7-fdbb433df6bd/audio/cdca1e06-620e-4582-8d7f-8fe9c5070b21/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trading Passion or Obsession</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:27:05</itunes:duration>
      <itunes:summary>Did you know that what starts as a passion for trading can quickly spiral into an unhealthy obsession? Have you ever found yourself thinking about your losses long after you left your trading desk for the day? Ruminating about your trading decisions when you’re away from the screen, neglecting your loved ones and other important aspects of your life?

In this episode the host Agnieszka Wood dives into the fine line between passion and obsession in trading. She provides you with practical strategies to regain balance and maintain a healthy, productive approach to trading and introduces the powerful concept that can help you find instant relief.</itunes:summary>
      <itunes:subtitle>Did you know that what starts as a passion for trading can quickly spiral into an unhealthy obsession? Have you ever found yourself thinking about your losses long after you left your trading desk for the day? Ruminating about your trading decisions when you’re away from the screen, neglecting your loved ones and other important aspects of your life?

In this episode the host Agnieszka Wood dives into the fine line between passion and obsession in trading. She provides you with practical strategies to regain balance and maintain a healthy, productive approach to trading and introduces the powerful concept that can help you find instant relief.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>37</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">1117a4d7-298b-4251-8bca-e2348d78491f</guid>
      <title>Don&apos;t Fall Into a Mid-Year Trading Trap</title>
      <description><![CDATA[<p>Have you ever felt the weight of the calendar pressing down on you, realizing that half the year has slipped by and your trading goals still seem out of reach? </p><p>It’s a familiar struggle for many traders, especially as the mid-year milestone approaches. But what causes this sense of urgency and frustration? How does the pressure to meet your goals impact your trading performance and mindset? In this episode, we’ll explore how to navigate these challenges to regain focus and confidence.</p><p><strong>Get FREE Trading Mindset Tips</strong> email series with easy and immediately actionable tips to help you break free from the failing cycle and build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 12 Jul 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Have you ever felt the weight of the calendar pressing down on you, realizing that half the year has slipped by and your trading goals still seem out of reach? </p><p>It’s a familiar struggle for many traders, especially as the mid-year milestone approaches. But what causes this sense of urgency and frustration? How does the pressure to meet your goals impact your trading performance and mindset? In this episode, we’ll explore how to navigate these challenges to regain focus and confidence.</p><p><strong>Get FREE Trading Mindset Tips</strong> email series with easy and immediately actionable tips to help you break free from the failing cycle and build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="18026009" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/118f1443-00c6-443f-bfbe-f41c6dac25d5/audio/ed74b954-0919-467b-a37c-36c585cf45a4/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Don&apos;t Fall Into a Mid-Year Trading Trap</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:18:46</itunes:duration>
      <itunes:summary>Have you ever felt the weight of the calendar pressing down on you, realizing that half the year has slipped by and your trading goals still seem out of reach? 
It’s a familiar struggle for many traders, especially as the mid-year milestone approaches. But what causes this sense of urgency and frustration? How does the pressure to meet your goals impact your trading performance and mindset? In this episode, we’ll explore how to navigate these challenges to regain focus and confidence.</itunes:summary>
      <itunes:subtitle>Have you ever felt the weight of the calendar pressing down on you, realizing that half the year has slipped by and your trading goals still seem out of reach? 
It’s a familiar struggle for many traders, especially as the mid-year milestone approaches. But what causes this sense of urgency and frustration? How does the pressure to meet your goals impact your trading performance and mindset? In this episode, we’ll explore how to navigate these challenges to regain focus and confidence.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>36</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">cfa29abe-93c7-4df4-8a74-8b438be680ce</guid>
      <title>The Price of Freedom in Trading</title>
      <description><![CDATA[<p>For many, entering the world of trading is driven by the dream of freedom—specifically, the desire for financial independence and the ability to dictate one's own time and life choices. But have you considered the true cost of this dream? Are the rewards that come with pursuing this path worth the sacrifices required?</p><p>This is a special Independence Day edition and I'm hosting a very special guest, an icon in trading psychology world – Dr. Brett Steenbarger – and together we are delving into a topic close to the hearts of many traders—freedom.</p><p> </p><p><strong>About Dr. Brett Steenbarger</strong></p><p><i>Dr. Brett Steenbarger, Ph.D., a Teaching Professor of Psychiatry and Behavioral Sciences at SUNY [sunie] Upstate Medical University in [syrakius] NY Syracuse, NY. </i></p><p><i>Dr. Steenbarger is known for his expertise in brief therapies and multicultural counseling, teaching these subjects to doctoral interns in psychology and residents in psychiatry. With a background in clinical psychology from Duke University and the University of Kansas, he has published extensively, including over 50 peer-reviewed journal articles and book chapters on brief therapies in psychiatry. In 2003, Dr. Steenbarger shifted to a part-time faculty role to focus on finance, where he coaches traders and portfolio managers using short-term psychological methods. He has collaborated with numerous financial firms, authored five books, such as </i><a href="https://a.co/d/6DcyDAA"><i>“Enhancing Trader Performance”</i></a><i>, </i><a href="https://a.co/d/b2pfrV6"><i>“The Daily Trading Coach"</i></a><i>, and </i><a href="https://a.co/d/82M08qU"><i>“The Psychology of Trading”</i></a><i> .</i></p><p><strong>Contact Dr. Brett Steenbarger:</strong></p><ul><li><a href="https://x.com/steenbab">Twitter: @steenbab</a></li></ul><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Thu, 4 Jul 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>For many, entering the world of trading is driven by the dream of freedom—specifically, the desire for financial independence and the ability to dictate one's own time and life choices. But have you considered the true cost of this dream? Are the rewards that come with pursuing this path worth the sacrifices required?</p><p>This is a special Independence Day edition and I'm hosting a very special guest, an icon in trading psychology world – Dr. Brett Steenbarger – and together we are delving into a topic close to the hearts of many traders—freedom.</p><p> </p><p><strong>About Dr. Brett Steenbarger</strong></p><p><i>Dr. Brett Steenbarger, Ph.D., a Teaching Professor of Psychiatry and Behavioral Sciences at SUNY [sunie] Upstate Medical University in [syrakius] NY Syracuse, NY. </i></p><p><i>Dr. Steenbarger is known for his expertise in brief therapies and multicultural counseling, teaching these subjects to doctoral interns in psychology and residents in psychiatry. With a background in clinical psychology from Duke University and the University of Kansas, he has published extensively, including over 50 peer-reviewed journal articles and book chapters on brief therapies in psychiatry. In 2003, Dr. Steenbarger shifted to a part-time faculty role to focus on finance, where he coaches traders and portfolio managers using short-term psychological methods. He has collaborated with numerous financial firms, authored five books, such as </i><a href="https://a.co/d/6DcyDAA"><i>“Enhancing Trader Performance”</i></a><i>, </i><a href="https://a.co/d/b2pfrV6"><i>“The Daily Trading Coach"</i></a><i>, and </i><a href="https://a.co/d/82M08qU"><i>“The Psychology of Trading”</i></a><i> .</i></p><p><strong>Contact Dr. Brett Steenbarger:</strong></p><ul><li><a href="https://x.com/steenbab">Twitter: @steenbab</a></li></ul><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="37452355" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/0fa2d681-5be7-44e3-9f57-c9e5667ea41b/audio/60263957-a4e4-4927-83de-e930f664df60/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Price of Freedom in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:39:00</itunes:duration>
      <itunes:summary>For many, entering the world of trading is driven by the dream of freedom—specifically, the desire for financial independence and the ability to dictate one&apos;s own time and life choices. But have you considered the true cost of this dream? Are the rewards that come with pursuing this path worth the sacrifices required?
This is a special Independence Day edition and I&apos;m hosting a very special guest, an icon in trading psychology world – Dr. Brett Steenbarger – and together we are delving into a topic close to the hearts of many traders—freedom. 
</itunes:summary>
      <itunes:subtitle>For many, entering the world of trading is driven by the dream of freedom—specifically, the desire for financial independence and the ability to dictate one&apos;s own time and life choices. But have you considered the true cost of this dream? Are the rewards that come with pursuing this path worth the sacrifices required?
This is a special Independence Day edition and I&apos;m hosting a very special guest, an icon in trading psychology world – Dr. Brett Steenbarger – and together we are delving into a topic close to the hearts of many traders—freedom. 
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>35</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">0e4d2093-31fd-45c6-9b45-d99d9fff9683</guid>
      <title>Trading with Purpose – Uncovering Your Why</title>
      <description><![CDATA[<p>Have you ever stopped for a moment to think about what truly drives you as a trader? What gets you out of bed in the morning, eager to tackle the markets and navigate the twists and turns of trading?</p><p>In this episode the host Agnieszka Wood delves into the crucial aspect of understanding one's motivations in trading. Listeners will discover common and unique motivations that fuel traders and uncover the driving forces behind their trading journey. </p><p>Get FREE Trading Mindset Tips email series with easy and immediately actionable tips to help you break free from the failing cycle and build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 28 Jun 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Have you ever stopped for a moment to think about what truly drives you as a trader? What gets you out of bed in the morning, eager to tackle the markets and navigate the twists and turns of trading?</p><p>In this episode the host Agnieszka Wood delves into the crucial aspect of understanding one's motivations in trading. Listeners will discover common and unique motivations that fuel traders and uncover the driving forces behind their trading journey. </p><p>Get FREE Trading Mindset Tips email series with easy and immediately actionable tips to help you break free from the failing cycle and build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="21290272" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/219807f2-604c-4954-99ef-71d3ee015fd7/audio/ed25a055-112f-4a02-b84a-8a8b3f4254b3/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trading with Purpose – Uncovering Your Why</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:22:10</itunes:duration>
      <itunes:summary>Have you ever stopped for a moment to think about what truly drives you as a trader? What gets you out of bed in the morning, eager to tackle the markets and navigate the twists and turns of trading? 
In this episode the host Agnieszka Wood delves into the crucial aspect of understanding one&apos;s motivations in trading. Listeners will discover common and unique motivations that fuel traders and uncover the driving forces behind their trading journey. </itunes:summary>
      <itunes:subtitle>Have you ever stopped for a moment to think about what truly drives you as a trader? What gets you out of bed in the morning, eager to tackle the markets and navigate the twists and turns of trading? 
In this episode the host Agnieszka Wood delves into the crucial aspect of understanding one&apos;s motivations in trading. Listeners will discover common and unique motivations that fuel traders and uncover the driving forces behind their trading journey. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>34</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">e5b308ec-4dc7-4122-ab50-2aafd6736154</guid>
      <title>How to Stop Doubting Yourself as a Trader?</title>
      <description><![CDATA[<p>Do you ever wonder if there is something fundamentally wrong with you? After all, you have been trading for so long that at this point of your development as a trader you should be able to get it, right? And despite all the work and effort you put into it, you still make the same mistakes as years ago.  In this situation, how can anyone stay confident in their own abilities to make the right decisions and perform on a level that trading requires?</p><p>In today's episode, we delve into the common struggle of feelings of inadequacy in trading. We discussed how early experiences, upbringing, and societal pressures shape these doubts and explored strategies for overcoming cognitive biases like imposter syndrome and negativity bias. Our key takeaways include understanding the roots of these feelings, challenging cognitive biases, and building resilience and self-worth independently of trading outcomes. Tune in to learn how to tackle these challenges and rise stronger in your trading journey!</p><p>Get FREE Trading Mindset Tips email series with easy and immediately actionable tips to help you break free from the failing cycle and build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 14 Jun 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Do you ever wonder if there is something fundamentally wrong with you? After all, you have been trading for so long that at this point of your development as a trader you should be able to get it, right? And despite all the work and effort you put into it, you still make the same mistakes as years ago.  In this situation, how can anyone stay confident in their own abilities to make the right decisions and perform on a level that trading requires?</p><p>In today's episode, we delve into the common struggle of feelings of inadequacy in trading. We discussed how early experiences, upbringing, and societal pressures shape these doubts and explored strategies for overcoming cognitive biases like imposter syndrome and negativity bias. Our key takeaways include understanding the roots of these feelings, challenging cognitive biases, and building resilience and self-worth independently of trading outcomes. Tune in to learn how to tackle these challenges and rise stronger in your trading journey!</p><p>Get FREE Trading Mindset Tips email series with easy and immediately actionable tips to help you break free from the failing cycle and build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="21074606" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/3c381407-16ee-4613-862d-9cccdfeb5f0f/audio/ca64911d-280d-4ab9-9dfe-24d8418f64b0/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Stop Doubting Yourself as a Trader?</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:21:57</itunes:duration>
      <itunes:summary>Do you ever wonder if there is something fundamentally wrong with you? After all, you have been trading for so long that at this point of your development as a trader you should be able to get it, right? And despite all the work and effort you put into it, you still make the same mistakes as years ago.  In this situation, how can anyone stay confident in their own abilities to make the right decisions and perform on a level that trading requires?
In today&apos;s episode, we delve into the common struggle of feelings of inadequacy in trading. Tune in to learn how to tackle these challenges and rise stronger in your trading journey!</itunes:summary>
      <itunes:subtitle>Do you ever wonder if there is something fundamentally wrong with you? After all, you have been trading for so long that at this point of your development as a trader you should be able to get it, right? And despite all the work and effort you put into it, you still make the same mistakes as years ago.  In this situation, how can anyone stay confident in their own abilities to make the right decisions and perform on a level that trading requires?
In today&apos;s episode, we delve into the common struggle of feelings of inadequacy in trading. Tune in to learn how to tackle these challenges and rise stronger in your trading journey!</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>33</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">0bac5802-016b-48b9-a34a-47584d2af0f2</guid>
      <title>Is Trading Psychology the Answer to Your Problems?</title>
      <description><![CDATA[<p>Have you ever found yourself wondering if there's a missing piece to your trading puzzle? Have you tried every strategy, analyzed every chart, yet still feel like something crucial is escaping your grasp? It's a common sentiment among traders, with many voices in the industry proclaiming that trading psychology is the ultimate answer to our trading challenges. But what exactly does that mean? How does psychology fit into the puzzle of trading success?</p><p>In this episode the host Agnieszka Wood  delves into how trading psychology and mastering your mindset can help you get out of the failing cycle, how it can empower you and where you can start to unlock its transformative potential.</p><p> </p><p>Get FREE Trading Mindset Tips weekly email series with easy and immediately actionable tips to help you break free from the failing cycle and build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 31 May 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Have you ever found yourself wondering if there's a missing piece to your trading puzzle? Have you tried every strategy, analyzed every chart, yet still feel like something crucial is escaping your grasp? It's a common sentiment among traders, with many voices in the industry proclaiming that trading psychology is the ultimate answer to our trading challenges. But what exactly does that mean? How does psychology fit into the puzzle of trading success?</p><p>In this episode the host Agnieszka Wood  delves into how trading psychology and mastering your mindset can help you get out of the failing cycle, how it can empower you and where you can start to unlock its transformative potential.</p><p> </p><p>Get FREE Trading Mindset Tips weekly email series with easy and immediately actionable tips to help you break free from the failing cycle and build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="15476858" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/ff2bcefc-1001-42c7-8116-54be1877e6ac/audio/2dccf38a-a0c1-4dae-b2c3-0f6d69f8ebdf/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Is Trading Psychology the Answer to Your Problems?</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:16:07</itunes:duration>
      <itunes:summary>Have you ever found yourself wondering if there&apos;s a missing piece to your trading puzzle? Have you tried every strategy, analyzed every chart, yet still feel like something crucial is escaping your grasp? It&apos;s a common sentiment among traders, with many voices in the industry proclaiming that trading psychology is the ultimate answer to our trading challenges. But what exactly does that mean? How does psychology fit into the puzzle of trading success?
</itunes:summary>
      <itunes:subtitle>Have you ever found yourself wondering if there&apos;s a missing piece to your trading puzzle? Have you tried every strategy, analyzed every chart, yet still feel like something crucial is escaping your grasp? It&apos;s a common sentiment among traders, with many voices in the industry proclaiming that trading psychology is the ultimate answer to our trading challenges. But what exactly does that mean? How does psychology fit into the puzzle of trading success?
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>32</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">cf9fcc3d-ec75-47e6-9bae-c65f0279618b</guid>
      <title>Turning a Losing Trade into Profit</title>
      <description><![CDATA[<p>Have you ever tried to salvage a losing trade? Watching the chart bleed and trying to figure out how you can make the loss disappear? And every solution you came up with just made it worse. It’s like mission impossible. In this episode you will learn different way you can try to win this battle and understand why they don't work.</p><p>Get FREE Trading Mindset Tips weekly email series with easy and immediately actionable tips to help you build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 17 May 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Have you ever tried to salvage a losing trade? Watching the chart bleed and trying to figure out how you can make the loss disappear? And every solution you came up with just made it worse. It’s like mission impossible. In this episode you will learn different way you can try to win this battle and understand why they don't work.</p><p>Get FREE Trading Mindset Tips weekly email series with easy and immediately actionable tips to help you build the mindset required for successful trading. Click <a href="https://www.aheadcoach.com/tradingmindsettips">HERE</a>.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="17682853" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/02257197-1eea-4ce1-bc0f-2446704fc123/audio/87d74f7f-1697-4a7b-a5ff-3b90f63611c7/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Turning a Losing Trade into Profit</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:18:25</itunes:duration>
      <itunes:summary>Have you ever tried to salvage a losing trade? Watching the chart bleed and trying to figure out how you can make the loss disappear? And every solution you came up with just made it worse. It’s like mission impossible. In this episode you will learn different way you can try to win this battle and understand why they don&apos;t work.</itunes:summary>
      <itunes:subtitle>Have you ever tried to salvage a losing trade? Watching the chart bleed and trying to figure out how you can make the loss disappear? And every solution you came up with just made it worse. It’s like mission impossible. In this episode you will learn different way you can try to win this battle and understand why they don&apos;t work.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>31</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">099d3323-1d28-40b9-99a4-faeede7fc812</guid>
      <title>How I Stopped Losing in Trading</title>
      <description><![CDATA[<p>Can you imagine what would happen if from one to another day you just stop losing in trading? All your dreams could come true, right? No emotional rollercoaster, no frustration with yourself and enjoying your profits without the fear that you might lose it all tomorrow.</p><p>In this episode, the hosts Agnieszka Wood shares what she did to get out of the losing cycle. She is confident that if you repeat those steps, regardless of how long you have been struggling with your trading you can do it, too!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 3 May 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Can you imagine what would happen if from one to another day you just stop losing in trading? All your dreams could come true, right? No emotional rollercoaster, no frustration with yourself and enjoying your profits without the fear that you might lose it all tomorrow.</p><p>In this episode, the hosts Agnieszka Wood shares what she did to get out of the losing cycle. She is confident that if you repeat those steps, regardless of how long you have been struggling with your trading you can do it, too!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="21637996" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/dbc56e6d-ba9d-4ded-a036-9c9c39928d17/audio/cca94b8f-935f-42ea-b88f-bfb88d10cfaa/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How I Stopped Losing in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:22:32</itunes:duration>
      <itunes:summary>Can you imagine what would happen if from one to another day you just stop losing in trading? All your dreams could come true, right? No emotional rollercoaster, no frustration with yourself and enjoying your profits without the fear that you might lose it all tomorrow. 
In this episode, the hosts Agnieszka Wood shares what she did to get out of the losing cycle. She is confident that if you repeat those steps, regardless of how long you have been struggling with your trading you can do it, too!
</itunes:summary>
      <itunes:subtitle>Can you imagine what would happen if from one to another day you just stop losing in trading? All your dreams could come true, right? No emotional rollercoaster, no frustration with yourself and enjoying your profits without the fear that you might lose it all tomorrow. 
In this episode, the hosts Agnieszka Wood shares what she did to get out of the losing cycle. She is confident that if you repeat those steps, regardless of how long you have been struggling with your trading you can do it, too!
</itunes:subtitle>
      <itunes:keywords>consistent profit, trading coach, stocks, mindset, confidence, profitability, trading profit, trading, trading mindset</itunes:keywords>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>30</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">e8f05fec-828f-4302-b1aa-82f6de3b5676</guid>
      <title>How to Spot a Good Trading Setup</title>
      <description><![CDATA[<p>In this episode, the hosts Agnieszka Wood focuses on the art of spotting the best opportunity to achieve the highest gain. She takes you on an exotic journey to illustrate how to develop the skill that is necessary to get the most out of your efforts. Drawing upon her life and trading experience she knows to ask you some very confronting questions that will help you move forward on your trading journey. So, buckle up and enjoy!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 19 Apr 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, the hosts Agnieszka Wood focuses on the art of spotting the best opportunity to achieve the highest gain. She takes you on an exotic journey to illustrate how to develop the skill that is necessary to get the most out of your efforts. Drawing upon her life and trading experience she knows to ask you some very confronting questions that will help you move forward on your trading journey. So, buckle up and enjoy!</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="21408120" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/38f4e313-df99-4d71-8c87-6e6a0c0e1a19/audio/8a862e9e-3034-4a8a-964c-9a308e226e66/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Spot a Good Trading Setup</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:22:17</itunes:duration>
      <itunes:summary>In this episode, the hosts Agnieszka Wood focuses on the art of spotting the best opportunity to achieve the highest gain. She takes you on an exotic journey to illustrate how to develop the skill that is necessary to get the most out of your efforts. Drawing upon her life and trading experience she knows to ask you some very confronting questions that will help you move forward on your trading journey. So, buckle up and enjoy!</itunes:summary>
      <itunes:subtitle>In this episode, the hosts Agnieszka Wood focuses on the art of spotting the best opportunity to achieve the highest gain. She takes you on an exotic journey to illustrate how to develop the skill that is necessary to get the most out of your efforts. Drawing upon her life and trading experience she knows to ask you some very confronting questions that will help you move forward on your trading journey. So, buckle up and enjoy!</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>29</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">fb05d6b6-5ddc-4054-a450-bbc2b3ef6e6b</guid>
      <title>How to Shorten the Curve of Trading Success</title>
      <description><![CDATA[<p>In this episode, the hosts Agnieszka Wood delves into the question that many aspiring traders grapple with: How long does it take to become profitable in trading? Drawing upon their own trading experiences and trading psychology, Agnieszka provides insights on how to speed up the process and start getting desired results.</p><p>The episode underscores that while there is no shortcut to success in trading, discipline, dedication and willingness willingness to do the inner work, are paramount on the journey towards profitability. </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 5 Apr 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, the hosts Agnieszka Wood delves into the question that many aspiring traders grapple with: How long does it take to become profitable in trading? Drawing upon their own trading experiences and trading psychology, Agnieszka provides insights on how to speed up the process and start getting desired results.</p><p>The episode underscores that while there is no shortcut to success in trading, discipline, dedication and willingness willingness to do the inner work, are paramount on the journey towards profitability. </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="23559766" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/467cc108-397a-4b01-945a-142df9286fad/audio/f86c2869-5564-443a-969d-2881b5800f1d/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Shorten the Curve of Trading Success</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:24:32</itunes:duration>
      <itunes:summary>In this episode, the hosts Agnieszka Wood delves into the question that many aspiring traders grapple with: How long does it take to become profitable in trading? Drawing upon their own trading experiences and trading psychology, Agnieszka provides insights on how to speed up the process and start getting desired results. The episode underscores that while there is no shortcut to success in trading, discipline, dedication and willingness to do the inner work, are paramount on the journey towards profitability. </itunes:summary>
      <itunes:subtitle>In this episode, the hosts Agnieszka Wood delves into the question that many aspiring traders grapple with: How long does it take to become profitable in trading? Drawing upon their own trading experiences and trading psychology, Agnieszka provides insights on how to speed up the process and start getting desired results. The episode underscores that while there is no shortcut to success in trading, discipline, dedication and willingness to do the inner work, are paramount on the journey towards profitability. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>28</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">76ed3191-3a8d-4940-a16a-d7ee985aeca9</guid>
      <title>How to Change Your Trading Into a Reliable Source of Income</title>
      <description><![CDATA[<p>What if the key to transforming your trading performance was not in chasing the next big win, but in the SUBTLE ART of how you trade?</p><p>In this episode of the Confidence in Trading Podcast, the host Agnieszka Wood shares insights on how to change your trading into a reliable source of income by making small adjustments to your trading process. If you are interested to get more tips <a href="https://www.aheadcoach.com">CLICK HERE</a> to download the full guide to consistency here for free. </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 22 Mar 2024 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>What if the key to transforming your trading performance was not in chasing the next big win, but in the SUBTLE ART of how you trade?</p><p>In this episode of the Confidence in Trading Podcast, the host Agnieszka Wood shares insights on how to change your trading into a reliable source of income by making small adjustments to your trading process. If you are interested to get more tips <a href="https://www.aheadcoach.com">CLICK HERE</a> to download the full guide to consistency here for free. </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="19146513" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/ab820078-ecd2-4092-ad73-834b25c42076/audio/09a4e696-0c09-456e-9661-ec0f4184088d/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Change Your Trading Into a Reliable Source of Income</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:19:56</itunes:duration>
      <itunes:summary>What if the key to transforming your trading performance was not in chasing the next big win, but in the SUBTLE ART of how you trade?
In this episode of the Confidence in Trading Podcast, the host Agnieszka Wood shares insights on how to change your trading into a reliable source of income by making small adjustments to your trading process. </itunes:summary>
      <itunes:subtitle>What if the key to transforming your trading performance was not in chasing the next big win, but in the SUBTLE ART of how you trade?
In this episode of the Confidence in Trading Podcast, the host Agnieszka Wood shares insights on how to change your trading into a reliable source of income by making small adjustments to your trading process. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>27</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">6d084d48-f431-497c-af0f-aafadfdd1bf0</guid>
      <title>How to Stop the Trading Fight</title>
      <description><![CDATA[<p>When you started trading, have you ever considered how much of a fight it will be? That you will constantly be getting in your own way sabotaging your success and repeating the same mistakes over and over again and beating yourself up for it?It appears this is not entirely your fault and in this episode I will tell you why and what you can do about it.</p><p>In this Episode 26 we dive into a hidden mechanism that cause most traders to get stuck in a failing cycle. You will discover this one thing that nobody takes into account, that impacts the trading performance negatively on a daily basis. You will also learn how you can manage it and finally stop fighting your way to success. </p><p>If you are interested in turning your trading from fighting and surviving into thriving  <a href="https://www.aheadcoach.com/journey">CLICK HERE</a></p><p>Some of the information in this episode was sourced from "Evolve Your Brain" by Joe Dispense D.C.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 8 Mar 2024 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>When you started trading, have you ever considered how much of a fight it will be? That you will constantly be getting in your own way sabotaging your success and repeating the same mistakes over and over again and beating yourself up for it?It appears this is not entirely your fault and in this episode I will tell you why and what you can do about it.</p><p>In this Episode 26 we dive into a hidden mechanism that cause most traders to get stuck in a failing cycle. You will discover this one thing that nobody takes into account, that impacts the trading performance negatively on a daily basis. You will also learn how you can manage it and finally stop fighting your way to success. </p><p>If you are interested in turning your trading from fighting and surviving into thriving  <a href="https://www.aheadcoach.com/journey">CLICK HERE</a></p><p>Some of the information in this episode was sourced from "Evolve Your Brain" by Joe Dispense D.C.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="19302834" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/9b38a30f-f041-4ee4-a731-db437cb28026/audio/734e3a67-158e-4744-9a68-d55134a8d19f/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Stop the Trading Fight</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:20:06</itunes:duration>
      <itunes:summary>When you started trading, have you ever considered how much of a fight it will be? That you will constantly be getting in your own way sabotaging your success and repeating the same mistakes over and over again and beating yourself up for it? 
It appears this is not entirely your fault and in this episode I will tell you why and what you can do about it. 
</itunes:summary>
      <itunes:subtitle>When you started trading, have you ever considered how much of a fight it will be? That you will constantly be getting in your own way sabotaging your success and repeating the same mistakes over and over again and beating yourself up for it? 
It appears this is not entirely your fault and in this episode I will tell you why and what you can do about it. 
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>26</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">dd2a95b7-e1c3-4eec-83ef-e2c1cfbc4165</guid>
      <title>The ONE Game-Changing Skill Every Trader Needs</title>
      <description><![CDATA[<p>Have you ever noticed that constant talk in your head? Sometimes it can get so intense that it's hard to shut it off.</p><p>And when you're trying to focus on trading that's not very helpful. In this Episode 25 we dive into the number one mental skill that is key to success for every trader. You will learn how mastering this skill will help you  manage that voice in your head and even use it to your advantage.</p><p>If you are interested in learning this crucial skill under the guidance of a professional coach, so you can be sure to use it to its full potential <a href="https://www.aheadcoach.com/journey">CLICK HERE</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 23 Feb 2024 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Have you ever noticed that constant talk in your head? Sometimes it can get so intense that it's hard to shut it off.</p><p>And when you're trying to focus on trading that's not very helpful. In this Episode 25 we dive into the number one mental skill that is key to success for every trader. You will learn how mastering this skill will help you  manage that voice in your head and even use it to your advantage.</p><p>If you are interested in learning this crucial skill under the guidance of a professional coach, so you can be sure to use it to its full potential <a href="https://www.aheadcoach.com/journey">CLICK HERE</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="19288191" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/f2822f58-fe1a-41b8-93f3-38db145a7440/audio/5ad5ab65-e5d3-4974-85bb-7a50253f401d/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The ONE Game-Changing Skill Every Trader Needs</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:20:05</itunes:duration>
      <itunes:summary>Have you ever noticed that constant talk in your head? Sometimes it can get so intense that it&apos;s hard to shut it off.
And when you&apos;re trying to focus on trading that&apos;s not very helpful. In this Episode 25 we dive into the number one mental skill that is key to success for every trader. You will learn how mastering this skill will help you  manage that voice in your head and even use it to your advantage. 
</itunes:summary>
      <itunes:subtitle>Have you ever noticed that constant talk in your head? Sometimes it can get so intense that it&apos;s hard to shut it off.
And when you&apos;re trying to focus on trading that&apos;s not very helpful. In this Episode 25 we dive into the number one mental skill that is key to success for every trader. You will learn how mastering this skill will help you  manage that voice in your head and even use it to your advantage. 
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>25</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">3cde6af2-fa27-40ec-a10d-6c14b00f64ab</guid>
      <title>How to Achieve Consistency in Trading</title>
      <description><![CDATA[<p>Ever found yourself riding the waves and booking great trading results? Only to hit a few rough patches that leave you feeling like you're starting from scratch? What if I told you there's a way to approach this situation that will help you get back into your trading zone quickly?  </p><p>Episode 24 of this podcast delves into the elusive goal of achieving consistency in trading. From redefining consistency and offering practical metrics for measurement to embracing setbacks as part of the journey, this episode offers invaluable wisdom for both novice and experienced traders alike. </p><p>If you are interested to learn more about the Trading Mindset MasteryJourney <a href="https://www.aheadcoach.com/journey">CLICK HERE</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 9 Feb 2024 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Ever found yourself riding the waves and booking great trading results? Only to hit a few rough patches that leave you feeling like you're starting from scratch? What if I told you there's a way to approach this situation that will help you get back into your trading zone quickly?  </p><p>Episode 24 of this podcast delves into the elusive goal of achieving consistency in trading. From redefining consistency and offering practical metrics for measurement to embracing setbacks as part of the journey, this episode offers invaluable wisdom for both novice and experienced traders alike. </p><p>If you are interested to learn more about the Trading Mindset MasteryJourney <a href="https://www.aheadcoach.com/journey">CLICK HERE</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="15162926" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/a8e5bf30-037e-430a-aa51-f7d118086a76/audio/0945f105-6e0d-4755-9bb6-ef676e5e993c/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How to Achieve Consistency in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:15:47</itunes:duration>
      <itunes:summary>Ever found yourself riding the waves and booking great trading results? Only to hit a few rough patches that leave you feeling like you&apos;re starting from scratch? What if I told you there&apos;s a way to approach this situation that will help you get back into your trading zone quickly?  
Episode 24 of this podcast delves into the elusive goal of achieving consistency in trading. Tune in to discover a new perspective on trading consistency and join the journey toward sustainable profitability and growth in trading.</itunes:summary>
      <itunes:subtitle>Ever found yourself riding the waves and booking great trading results? Only to hit a few rough patches that leave you feeling like you&apos;re starting from scratch? What if I told you there&apos;s a way to approach this situation that will help you get back into your trading zone quickly?  
Episode 24 of this podcast delves into the elusive goal of achieving consistency in trading. Tune in to discover a new perspective on trading consistency and join the journey toward sustainable profitability and growth in trading.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>24</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">5e8f7a79-13ff-49f2-9452-fb79590e3d2c</guid>
      <title>Mental Habits for a Disciplined Trader</title>
      <description><![CDATA[<p>Ever wondered why reaching your goals seems like an uphill battle? Well, the secret sauce is all about cultivating discipline in your thinking. Without it, your goals can slip through your fingers. Brace yourself for a journey of change because, truth be told, unless you get a grip on your thoughts, they might just throw a wrench in your plans.</p><p>In this latest episode of the Confidence in Trading podcast, "Mental Habits for a Disciplined Trader," your host Agnieszka Wood delves into the nitty-gritty of taking control of your thoughts. She'll walk you through parameters to filter those thoughts, making sure they're working for you, not against you. Don't miss out – tune in and gain insights that could be the game-changer in your pursuit of disciplined trading.</p><p> </p><p>If you are interested to learn more about the Trading Mindset MasteryJourney <a href="https://www.aheadcoach.com/journey">CLICK HERE</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 26 Jan 2024 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Ever wondered why reaching your goals seems like an uphill battle? Well, the secret sauce is all about cultivating discipline in your thinking. Without it, your goals can slip through your fingers. Brace yourself for a journey of change because, truth be told, unless you get a grip on your thoughts, they might just throw a wrench in your plans.</p><p>In this latest episode of the Confidence in Trading podcast, "Mental Habits for a Disciplined Trader," your host Agnieszka Wood delves into the nitty-gritty of taking control of your thoughts. She'll walk you through parameters to filter those thoughts, making sure they're working for you, not against you. Don't miss out – tune in and gain insights that could be the game-changer in your pursuit of disciplined trading.</p><p> </p><p>If you are interested to learn more about the Trading Mindset MasteryJourney <a href="https://www.aheadcoach.com/journey">CLICK HERE</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="26500463" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/e23a617f-d56a-48ff-9ed2-316f2bf9c0be/audio/7020ab10-f45d-4b13-a3b2-1a42cd286cf5/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Mental Habits for a Disciplined Trader</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:27:36</itunes:duration>
      <itunes:summary>Ever wondered why reaching your goals seems like an uphill battle? Well, the secret sauce is all about cultivating discipline in your thinking. Without it, your goals can slip through your fingers. Brace yourself for a journey of change because, truth be told, unless you get a grip on your thoughts, they might just throw a wrench in your plans.</itunes:summary>
      <itunes:subtitle>Ever wondered why reaching your goals seems like an uphill battle? Well, the secret sauce is all about cultivating discipline in your thinking. Without it, your goals can slip through your fingers. Brace yourself for a journey of change because, truth be told, unless you get a grip on your thoughts, they might just throw a wrench in your plans.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>23</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">f75fdc59-12a1-4452-a2aa-da3b8f834a39</guid>
      <title>Trading Discipline Without Effort</title>
      <description><![CDATA[<p>What if I told you that you can become a disciplined trader without putting much effort into it? That you can follow your rules and finally stop your frustration about not being able to stick to your plan? Since the discipline is often perceived as challenging or unpleasant due to its constraining character, it can be quite conflicting concepts for traders who desire independence and freedom.  In this episode of the Confidence in Trading podcast "Trading Discipline Without Effort" the host Agnieszka Wood dives into a different approach to building discipline as a trader. </p><p> </p><p>If you are interested in the research on on the effects of meditation and mindfulness on the brain:</p><p><a href="https://youtu.be/DYvvHbj3Y1E?si=EzNvHrXidFdpyK91">Click HERE to watch the documentary with Dr. Richard Davidson on the Science of Joy-Mission: JOY</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 12 Jan 2024 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>What if I told you that you can become a disciplined trader without putting much effort into it? That you can follow your rules and finally stop your frustration about not being able to stick to your plan? Since the discipline is often perceived as challenging or unpleasant due to its constraining character, it can be quite conflicting concepts for traders who desire independence and freedom.  In this episode of the Confidence in Trading podcast "Trading Discipline Without Effort" the host Agnieszka Wood dives into a different approach to building discipline as a trader. </p><p> </p><p>If you are interested in the research on on the effects of meditation and mindfulness on the brain:</p><p><a href="https://youtu.be/DYvvHbj3Y1E?si=EzNvHrXidFdpyK91">Click HERE to watch the documentary with Dr. Richard Davidson on the Science of Joy-Mission: JOY</a></p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="19032368" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/31636506-c3f1-4f85-ac42-012d9daaa1a3/audio/2ca58051-46c8-4679-9adc-0e1dba518dfd/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trading Discipline Without Effort</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:19:49</itunes:duration>
      <itunes:summary>What if I told you that you can become a disciplined trader without putting much effort into it? That you can follow your rules and finally stop your frustration about not being able to stick to your plan? In this episode of the Confidence in Trading podcast &quot;Trading Discipline Without Effort&quot; the host Agnieszka Wood dives into a different approach to building discipline as a trader. 

</itunes:summary>
      <itunes:subtitle>What if I told you that you can become a disciplined trader without putting much effort into it? That you can follow your rules and finally stop your frustration about not being able to stick to your plan? In this episode of the Confidence in Trading podcast &quot;Trading Discipline Without Effort&quot; the host Agnieszka Wood dives into a different approach to building discipline as a trader. 

</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>22</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">152f1535-d757-4724-8fd5-9a4416c11724</guid>
      <title>Going Against the Trend to Win</title>
      <description><![CDATA[<p>In this episode of the Confidence in Trading podcast "Going Against the Trend to Win" the host Agnieszka Wood talk about  winning through differentiation in trading. She dives into the elements of human nature and discusses how human nature can sabotage your trading efforts. Specifically the herd mentality – the tendency to follow the crowd, can lead to irrational decisions in trading, where independent thinking and analysis are absolutely crucial for success. This episode aims to inspire you to dare to leave the 90% of unsuccessful traders group and be different to join the winners.</p><p>To begin your self-discovery journey visit <a href="Ever wondered why fear is such a prevalent emotion in the financial markets? In this episode of the Confidence in Trading podcast ">tradingmindsetmastery.com</a></p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 29 Dec 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode of the Confidence in Trading podcast "Going Against the Trend to Win" the host Agnieszka Wood talk about  winning through differentiation in trading. She dives into the elements of human nature and discusses how human nature can sabotage your trading efforts. Specifically the herd mentality – the tendency to follow the crowd, can lead to irrational decisions in trading, where independent thinking and analysis are absolutely crucial for success. This episode aims to inspire you to dare to leave the 90% of unsuccessful traders group and be different to join the winners.</p><p>To begin your self-discovery journey visit <a href="Ever wondered why fear is such a prevalent emotion in the financial markets? In this episode of the Confidence in Trading podcast ">tradingmindsetmastery.com</a></p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="22308788" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/260a879a-5999-43bb-936a-d27e10420ccb/audio/199cf873-d333-43a7-af3f-33404d61ad86/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Going Against the Trend to Win</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:23:14</itunes:duration>
      <itunes:summary>In this episode of the Confidence in Trading podcast &quot;Going Against the Trend to Win&quot; the host Agnieszka Wood talk about  winning through differentiation in trading. She dives into the elements of human nature and discusses how going against your human nature can help you in your trading efforts.</itunes:summary>
      <itunes:subtitle>In this episode of the Confidence in Trading podcast &quot;Going Against the Trend to Win&quot; the host Agnieszka Wood talk about  winning through differentiation in trading. She dives into the elements of human nature and discusses how going against your human nature can help you in your trading efforts.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>21</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">5d388061-e95c-4697-96da-08820f4a6fc7</guid>
      <title>Two Secret Traits No Trader Talks About</title>
      <description><![CDATA[<p>In this episode of the Confidence in Trading podcast "Two Secret Traits No Trader Talks About" the host Agnieszka Wood shine light on two traits that are crucial to achieving consistency and profitability. Something that not many traders consider, but that she has discovered on her trading journey to be absolutely essential in order to survive and thrive in the market environment.</p><p>She will also share how her experiences in the earlier stages of her life not only had a negative impact on her trading but also served as a catalyst for a major breakthrough. As you listen, observe the thoughts that arise, as they may offer valuable insights into your journey as a trader.</p><p>To begin your self-discovery journey visit <a href="Ever wondered why fear is such a prevalent emotion in the financial markets? In this episode of the Confidence in Trading podcast " The Terrifying Truth About Fear" the host Agnieszka Wood talks about how traders can overcome their greatest fears.  Explore the origins of fear, understand the psychology behind it, and discover practical strategies to conquer it and become a confident trader. From cognitive biases to the fight-or-flight response, we uncover the factors that drive fear in trading and offer insights to help you thrive. Whether you're a novice trader or a seasoned pro, this episode provides valuable tools and knowledge to navigate the emotional challenges of the trading world. Tune in and take the first step towards mastering your trading fears.    About Agnieszka Wood  Founder and CEO of Ahead Coach, Trading Mindset Coach  Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.  Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.  Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.  Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.  —">tradingmindsetmastery.com</a></p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 15 Dec 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode of the Confidence in Trading podcast "Two Secret Traits No Trader Talks About" the host Agnieszka Wood shine light on two traits that are crucial to achieving consistency and profitability. Something that not many traders consider, but that she has discovered on her trading journey to be absolutely essential in order to survive and thrive in the market environment.</p><p>She will also share how her experiences in the earlier stages of her life not only had a negative impact on her trading but also served as a catalyst for a major breakthrough. As you listen, observe the thoughts that arise, as they may offer valuable insights into your journey as a trader.</p><p>To begin your self-discovery journey visit <a href="Ever wondered why fear is such a prevalent emotion in the financial markets? In this episode of the Confidence in Trading podcast " The Terrifying Truth About Fear" the host Agnieszka Wood talks about how traders can overcome their greatest fears.  Explore the origins of fear, understand the psychology behind it, and discover practical strategies to conquer it and become a confident trader. From cognitive biases to the fight-or-flight response, we uncover the factors that drive fear in trading and offer insights to help you thrive. Whether you're a novice trader or a seasoned pro, this episode provides valuable tools and knowledge to navigate the emotional challenges of the trading world. Tune in and take the first step towards mastering your trading fears.    About Agnieszka Wood  Founder and CEO of Ahead Coach, Trading Mindset Coach  Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.  Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.  Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.  Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.  —">tradingmindsetmastery.com</a></p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="26014828" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/3073369b-b6a4-46df-a08b-7326aa6f16bb/audio/4ed2ef59-d2dc-490c-b01d-20563e61255d/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Two Secret Traits No Trader Talks About</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:27:05</itunes:duration>
      <itunes:summary>In this episode of the Confidence in Trading podcast &quot;Two Secret Traits No Trader Talks About&quot; the host Agnieszka Wood shine light on two traits that are crucial to achieving consistency and profitability. Something that not many traders consider, but that she has discovered on her trading journey to be absolutely essential in order to survive and thrive in the market environment.

</itunes:summary>
      <itunes:subtitle>In this episode of the Confidence in Trading podcast &quot;Two Secret Traits No Trader Talks About&quot; the host Agnieszka Wood shine light on two traits that are crucial to achieving consistency and profitability. Something that not many traders consider, but that she has discovered on her trading journey to be absolutely essential in order to survive and thrive in the market environment.

</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>20</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">b299e8a2-fe6e-4bb2-b6ec-46b960552a2c</guid>
      <title>The Terrifying Truth About Fear</title>
      <description><![CDATA[<p>Ever wondered why fear is such a prevalent emotion in the financial markets? In this episode of the Confidence in Trading podcast " The Terrifying Truth About Fear" the host Agnieszka Wood talks about how traders can overcome their greatest fears.</p><p>Explore the origins of fear, understand the psychology behind it, and discover practical strategies to conquer it and become a confident trader. From cognitive biases to the fight-or-flight response, we uncover the factors that drive fear in trading and offer insights to help you thrive. Whether you're a novice trader or a seasoned pro, this episode provides valuable tools and knowledge to navigate the emotional challenges of the trading world. Tune in and take the first step towards mastering your trading fears.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>You can email me at launchyourlife@aheadcoach.com</strong></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 1 Dec 2023 06:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Ever wondered why fear is such a prevalent emotion in the financial markets? In this episode of the Confidence in Trading podcast " The Terrifying Truth About Fear" the host Agnieszka Wood talks about how traders can overcome their greatest fears.</p><p>Explore the origins of fear, understand the psychology behind it, and discover practical strategies to conquer it and become a confident trader. From cognitive biases to the fight-or-flight response, we uncover the factors that drive fear in trading and offer insights to help you thrive. Whether you're a novice trader or a seasoned pro, this episode provides valuable tools and knowledge to navigate the emotional challenges of the trading world. Tune in and take the first step towards mastering your trading fears.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>You can email me at launchyourlife@aheadcoach.com</strong></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="37124999" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/c64c9697-9b3b-480b-b815-5ed65b78c7d6/audio/efd7cf0e-f671-471c-9917-d98a8a824aaa/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Terrifying Truth About Fear</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:38:40</itunes:duration>
      <itunes:summary>Ever wondered why fear is such a prevalent emotion in the financial markets? In this episode of the Confidence in Trading podcast &quot; The Terrifying Truth About Fear&quot; the host Agnieszka Wood talks about how traders can overcome their greatest fears.

Explore the origins of fear, understand the psychology behind it, and discover practical strategies to conquer it and become a confident trader. From cognitive biases to the fight-or-flight response, we uncover the factors that drive fear in trading and offer insights to help you thrive. Whether you&apos;re a novice trader or a seasoned pro, this episode provides valuable tools and knowledge to navigate the emotional challenges of the trading world. Tune in and take the first step towards mastering your trading fears.</itunes:summary>
      <itunes:subtitle>Ever wondered why fear is such a prevalent emotion in the financial markets? In this episode of the Confidence in Trading podcast &quot; The Terrifying Truth About Fear&quot; the host Agnieszka Wood talks about how traders can overcome their greatest fears.

Explore the origins of fear, understand the psychology behind it, and discover practical strategies to conquer it and become a confident trader. From cognitive biases to the fight-or-flight response, we uncover the factors that drive fear in trading and offer insights to help you thrive. Whether you&apos;re a novice trader or a seasoned pro, this episode provides valuable tools and knowledge to navigate the emotional challenges of the trading world. Tune in and take the first step towards mastering your trading fears.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>19</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">b7486592-d108-41d2-8db1-9060e6fcd6f9</guid>
      <title>The Right Trading Mindset</title>
      <description><![CDATA[<p>In this latest episode of the Confidence in Trading podcast "The Right Trading Mindset" the host Agnieszka Wood delves into the world of different types of and discusses how mindset is a culmination of life experiences that shapes our actions. Enjoy her exploration of the importance of vulnerability in the uncertain trading environment. She emphasizes that the key to success in trading is having a mindset that is aligned with the market environment and that consistently guides you to make decisions in your best interest, regardless of external influences. There's no one-size-fits-all approach to the "right" trading mindset. </p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>You can email me at launchyourlife@aheadcoach.com</strong></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 17 Nov 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this latest episode of the Confidence in Trading podcast "The Right Trading Mindset" the host Agnieszka Wood delves into the world of different types of and discusses how mindset is a culmination of life experiences that shapes our actions. Enjoy her exploration of the importance of vulnerability in the uncertain trading environment. She emphasizes that the key to success in trading is having a mindset that is aligned with the market environment and that consistently guides you to make decisions in your best interest, regardless of external influences. There's no one-size-fits-all approach to the "right" trading mindset. </p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>You can email me at launchyourlife@aheadcoach.com</strong></p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="34435404" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/9027955b-0a9c-45ab-9d6b-da83ac80786b/audio/9ae7e8b0-658c-4917-9015-53c655f7d1b9/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Right Trading Mindset</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:35:52</itunes:duration>
      <itunes:summary>In this latest episode of the Confidence in Trading podcast &quot;The Right Trading Mindset&quot; the host Agnieszka Wood delves into the world of different types of mindsets and discusses how mindset is a culmination of life experiences that shapes our actions. Enjoy her exploration of the importance of vulnerability in the uncertain trading environment. She emphasizes that the key to success in trading is having a mindset that is aligned with the market environment and that consistently guides you to make decisions in your best interest, regardless of external influences.  There&apos;s no one-size-fits-all approach to the &quot;right&quot; trading mindset. </itunes:summary>
      <itunes:subtitle>In this latest episode of the Confidence in Trading podcast &quot;The Right Trading Mindset&quot; the host Agnieszka Wood delves into the world of different types of mindsets and discusses how mindset is a culmination of life experiences that shapes our actions. Enjoy her exploration of the importance of vulnerability in the uncertain trading environment. She emphasizes that the key to success in trading is having a mindset that is aligned with the market environment and that consistently guides you to make decisions in your best interest, regardless of external influences.  There&apos;s no one-size-fits-all approach to the &quot;right&quot; trading mindset. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>18</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">92690287-5888-4512-965f-0af4ec9101a0</guid>
      <title>Trading Against Your Interest</title>
      <description><![CDATA[<p>In this episode of the Confidence in Trading podcast "Trading Against Your Interest", the host Agnieszka Wood talks about traders' self-sabotaging behavior and how the beliefs can contribute to blocking the way to success. She emphasizes the critical importance of introspection and self-awareness in recognizing and addressing the limiting beliefs. Get inspired and motivated to embark on a transformative journey of self-discovery, ultimately empowering yourself from the inside out and unlocking your full potential. </p><p>If you don't want your limiting beliefs holding you back from realizing your trading aspirations – register for the <a href="https://www.aheadcoach.com/tradingmindsetmasterclass">Free Trading Mindset Masterclass HERE</a>.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p> </p><p>Register for my Masterclass at<a href="https://www.aheadcoach.com/tradingmindsetmasterclass"> tradingmindsetmasterclass.com</a> – its FREE for limited time ONLY</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p>—</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 3 Nov 2023 04:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode of the Confidence in Trading podcast "Trading Against Your Interest", the host Agnieszka Wood talks about traders' self-sabotaging behavior and how the beliefs can contribute to blocking the way to success. She emphasizes the critical importance of introspection and self-awareness in recognizing and addressing the limiting beliefs. Get inspired and motivated to embark on a transformative journey of self-discovery, ultimately empowering yourself from the inside out and unlocking your full potential. </p><p>If you don't want your limiting beliefs holding you back from realizing your trading aspirations – register for the <a href="https://www.aheadcoach.com/tradingmindsetmasterclass">Free Trading Mindset Masterclass HERE</a>.</p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p> </p><p>Register for my Masterclass at<a href="https://www.aheadcoach.com/tradingmindsetmasterclass"> tradingmindsetmasterclass.com</a> – its FREE for limited time ONLY</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p>—</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="20668290" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/a6c3a1d2-d463-4677-a1f6-a17b3376a5c9/audio/b009c496-fc3f-4266-a1e6-90ac472b6e3d/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trading Against Your Interest</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:21:31</itunes:duration>
      <itunes:summary>In this episode of the Confidence in Trading podcast &quot;Trading Against Your Interest&quot;, the host Agnieszka Wood talks about traders&apos; self-sabotaging behavior and how the beliefs can contribute to blocking the way to success. She emphasizes the critical importance of introspection and self-awareness in recognizing and addressing the limiting beliefs. 
Get inspired and motivated to embark on a transformative journey of self-discovery, ultimately empowering yourself from the inside out and unlocking your full potential. 
If you don&apos;t want your limiting beliefs holding you back from realizing your trading aspirations – register for the Free Trading Mindset Masterclass at tradingmindsetmasterclass.com</itunes:summary>
      <itunes:subtitle>In this episode of the Confidence in Trading podcast &quot;Trading Against Your Interest&quot;, the host Agnieszka Wood talks about traders&apos; self-sabotaging behavior and how the beliefs can contribute to blocking the way to success. She emphasizes the critical importance of introspection and self-awareness in recognizing and addressing the limiting beliefs. 
Get inspired and motivated to embark on a transformative journey of self-discovery, ultimately empowering yourself from the inside out and unlocking your full potential. 
If you don&apos;t want your limiting beliefs holding you back from realizing your trading aspirations – register for the Free Trading Mindset Masterclass at tradingmindsetmasterclass.com</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>17</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">e36e2293-b1d7-48a4-86c3-b76e0eaa9770</guid>
      <title>Dopamine and Day Trading</title>
      <description><![CDATA[<p>In this episode of the Confidence in Trading podcast "Dopamine and Day Trading - The Science Behind The Rush", host Agnieszka Wood explores the role of dopamine, the brain's "desire" chemical and the effects that it has on decision-making  and risk-taking. Learn about the two characters of dopamine and the ways it can help and sabotage your trading efforts. Discover how to use its power to your advantage in the pursuit of financial gains in trading. </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p>—</p><p><strong>Transcript: </strong></p><p><strong>[00:00:08.490]</strong></p><p>Welcome to a new episode of the Confidence in Trading podcast. I am your host, Agnieszka Wood. I am so happy that you are here because today's topic could provide many of you with a lot of answers that you might have been searching for for a long time. Welcome to episode number 16, Dopamine and Day Trading - the Science Behind the Rush. Last week I mentioned how easily I can get bored and distracted and how I am constantly looking for new experiences.</p><p><br /> </p><p><strong>[00:00:41.800]</strong></p><p>I just love the feeling of starting something new. The excitement gives me a lot of energy and a huge confidence boost at times as well. Already as a child, I could not stick to just one hobby and after a month or two of, let's say, collecting postcards, I would be onto a new endeavor. I had a lot of hobbies at the same time, but I would end them one after the other very fast. My mom would say sometimes that I burned through hobbies, like through stack of hay, and that did not change.</p><p><br /> </p><p><strong>[00:01:16.890]</strong></p><p>Growing up, I was always getting very excited to start up a new initiative, whether that was a new job, starting a new business, or even a new relationship. And sometimes that was based on a very impulsive decision, getting very easily distracted and being able to get myself very enthusiastic about something to the point that it had to happen right now. And I am very, very good at talking myself into things, especially if I really feel excited about them. With time I have learned to get that under control and also talk myself out of things, especially those that are not in my best interest. But I can tell you that my head still keeps trying and if I don't pay enough attention, mindset coach or not, I will sometimes fall for it.</p><p><br /> </p><p><strong>[00:02:20.350]</strong></p><p>That's where knowing yourself becomes so important, especially if you are serious about achieving your goals in life. From my own trading experience and my work as a trading Mindset Coach, I know that this characteristic is quite common among traders and maybe even you recognize it yourself. If you have been following me for a while, you know that I talk a lot about beliefs and how they orchestrate everything we do. And if you want to change your behavior, that especially behavior that does not serve you, that you need to look at your beliefs. And if you want to change a behavior, especially behavior that does not serve you, you need to look at your beliefs so you can replace the limiting ones, the ones that are not helping you get what you want with empowering beliefs.</p><p><br /> </p><p><strong>[00:03:24.210]</strong></p><p>Beliefs are basically thoughts that we kept thinking until they became so strong that we started to identify ourselves with it and consider them the truth. And because of that, we never think to question them anymore. And so yes, on a mental level, we are being sabotaged by our own beliefs because your life changes. And sometimes the belief that you have been carrying with you for a long time through your life, they simply are not valid anymore. I would say not only not valid, a lot of times they are simply not functional and stand you in your way.</p><p><br /> </p><p><strong>[00:04:13.010]</strong></p><p>So that's one dimension that anyone who has some sort of dream and especially when you are working hard to make it happen and you don't move forward, that's the one dimension that you need to look at, especially if you want to book some progress, right? So beliefs, that's on a mental level, that's what stands a lot of people in a way to their goals and in a way to even, sometimes define their goals or even having a dream. Because limiting beliefs are not only preventing you from achieving your dreams for taking the necessary steps, many times they are actually preventing you from dreaming, from believing what is possible for you and from believing what you deserve and what you are worth. [00:05:13.190] So that's on a mental level, and if that's not enough to deal with, we also have a physical level that can work for us or against us. And yes, on a physical level, the first thing that comes to mind when achieving goals for everyone is going to the gym, having a workout routine, having a good diet, taking care of yourself.</p><p><br /> </p><p><strong>[00:05:40.580]</strong></p><p>And that's all very important. But what I am particularly interested in is what is happening behind the scenes. So not what's exactly obvious to the eye. Just like your beliefs are part of your subconscious programming. There is this one chemical in particular that I want to talk about today.</p><p><br /> </p><p><strong>[00:06:04.950]</strong></p><p>That chemical that has an incredibly big role in achieving success as a trader, dopamine. Dopamine is a brain chemical that was discovered in 1957 and was first seen as a way for the body to produce a chemical called norepinephrine, which is what adrenaline is called when it is found in the brain. Some scientists name Dopamine the pleasure molecule. But further research showed that Dopamine is not just about pleasure. The dopamine activity was not just a marker of pleasure, but it is a reaction to the unexpected, to possibility and anticipation.</p><p><br /> </p><p><strong>[00:06:56.310]</strong></p><p>This might be a hint for you why I am talking about this chemical and why is it such an important topic for traders. As human beings, we get a Dopamine rush from promising surprises. But when these things become regular events in our life and the newness fades, the Dopamine rush dissipates. Just think about relationships and the honeymoon phase. Sounds familiar, right?</p><p><br /> </p><p><strong>[00:07:25.550]</strong></p><p>Our brain is programmed to crave the unexpected. So logically we look to the future to deliver it to us because that's where every exciting possibility begins in the future. But as soon as the new becomes the usual, we turn our head and attention to the new opportunity. Back to the future. Just think about how often traders switch from strategy to strategy.</p><p><br /> </p><p><strong>[00:07:56.510]</strong></p><p>Especially when you don't get the results you want and you see maybe another trader on Twitter making money with a different strategy. Just be honest, doesn't a thought pops up in your head maybe I should try to trade what he is trading. It looks like he's making money. Maybe this is much better, maybe I should start doing that. Dopamine is great at is idealizing the unknown.</p><p><br /> </p><p><strong>[00:08:25.570]</strong></p><p>The problem is that the unknown can only be in the future. And when it actually becomes your reality and you finally get the things you want it's not as good as expected. The thrill of anticipation is gone and your excitement turns into disappointment. And because that does not feel very nice you are onto a new thing again and it can be very very addictive. So remember, Dopamine is the anticipation molecule and the only thing that matters to dopamine is to get more.</p><p><br /> </p><p><strong>[00:09:10.050]</strong></p><p>Having things totally uninteresting what truly matters is getting things. So when you are thinking about things you don't have yet, things that you can only desire, like the sports car you're going to drive when you finally become successful in trading that's when dopamine has more control than any other chemical in your brain. Think about it this way dopamine turns on the imagination producing visions of a rosy future. Because when we imagine things we want, we usually don't settle for mediocre. We tend to think about the best of the possible worlds and that makes the future more attractive.</p><p><br /> </p><p><strong>[00:10:01.090]</strong></p><p>But what you have to realize is that the future isn't real and it exists only in your mind. On the other hand, the present is real, it's experienced, not imagined the present moment. And that requires a different set of chemicals in your brain such as serotonin, oxytocin, endorphins they are called the here and now neurotransmitters as opposed to the pleasure of anticipations of dopamine. These chemicals give us pleasure from sensation and emotion. So if the future is wanting, the present is liking.</p><p><br /> </p><p><strong>[00:10:51.330]</strong></p><p>The feeling of wanting and feeling of liking are produced by two completely different systems in the brain. And for some people the switch from excitement about what you want to enjoyment of what you have can be very challenging. And we often don't like the things we have even though that's what we wanted. Take for example a relationship. Many people try to change their partner and when they finally succeed they don't like the way the partner is now.</p><p><br /> </p><p><strong>[00:11:27.850]</strong></p><p>Or in trading you really want your trade to go to your target price. Sometimes you pray if it only gets there but then when it gets there suddenly it's not good enough. And now you want it to go higher. Now you're not taking the profit, now you're greedy, now you want more. How many times did that mess up your good trade or turn a winner into a loser?</p><p><br /> </p><p><strong>[00:11:52.470]</strong></p><p>I mentioned before that the feeling of desire can be addictive and it happens when the dopamine desire circuits get overstimulated. Basically, addiction arises from the chemical cultivation of desire. And what I'm going to tell you next, hopefully will help you to find a little bit more compassion for yourself. Such addiction is a dopaminergic compulsion and it's not a sign of a weak character or a lack of willpower. So stop beating yourself up.</p><p><br /> </p><p><strong>[00:12:32.690]</strong></p><p>There is a chemical in your brain you're fighting against. The feeling of wanting becomes sometimes so overwhelming and all you want is to stop the unpleasant feeling of craving. That's what addiction is, regardless whether the wanted object is anything you really care for, whether it is good for you or might hurt you, it makes you behave like a man who carries around the rock all day because it feels so good when he puts it down. You might now start seeing some parallels of how you react in certain situations in your trading. In a trading environment, it is very easy to get overstimulated.</p><p><br /> </p><p><strong>[00:13:16.570]</strong></p><p>And dopamine is what fuels many traders uncontrolled behavior and losses. So if you think about your trading and look back at your day, you can probably pinpoint when you are operating from dopamine and when you are operating from here and now space. I talk a lot in my coaching about being in the moment and practicing staying in the present, because that's where dopamine has less effect on you and less control. So you can view dopamine as a trader's friend, but also as an enemy. So as a friend, it motivates you to come back every day and to seek profits and stay engaged in the markets.</p><p><br /> </p><p><strong>[00:14:10.010]</strong></p><p>But from the enemy perspective, yes, dopamine is responsible for your impulsive decisions and excessive risk taking. Think about it this way. The dopamine makes the work possible at all. Like if you have no dopamine, there is no effort. And you would just not be willing to work hard and come back every day and put your efforts into preparing, trading plan and spending hours in front of your screens flicking through charts.</p><p><br /> </p><p><strong>[00:14:47.590]</strong></p><p>The ability to put forth effort is dopaminergic and we need that. Dopamine is also giving you a confidence boost because we humans need to believe that we can actually succeed before we are able to succeed. Another thing that dopamine is serving as is a motivator, driving you to stay engaged in the markets. Motivation is very important for your progress. The anticipation of profits also help you to stay focused on your goals.</p><p><br /> </p><p><strong>[00:15:27.610]</strong></p><p>It gives you sort of positive reinforcement. Dopamine can also help traders cope with losses and provide them with a sense of optimism because it gives you this excitement about what you can achieve. It encourages you to persevere and adapt if you have taken some losses lately. But there is this other side of the coin where the dopamine is not so good for traders and it's causing impulsive behavior. You start showing impulsive behavior when you place too much value on immediate pleasure and not enough on long term consequences.</p><p><br /> </p><p><strong>[00:16:14.570]</strong></p><p>You probably have heard many traders talking about you have to focus on your process, you have to focus on the long term goals because otherwise you will be just chasing money. Desired dopamine overpowers the more rational parts of your brain. So we make choices that we know are not in our best interest, but then we feel powerless to resist. Speaking of the dopamine rush, the dopamine rush that you get from quick profits or unexpected profits that can lead to impulsive trading decisions. So you might start chasing trends or just completely throw your plan out the window and as a result lose a lot of money.</p><p><br /> </p><p><strong>[00:17:10.570]</strong></p><p>While dopamine can give you confidence, it can also give you overconfidence. Because if you have experienced recent successes, now you start to underestimate risk and you take larger positions than you should and you are risking substantial losses. Dopamine can also amplify the fear of losses and making traders reluctant to cut their losses. So you start holding your positions for longer than you should, hoping that it will turn around, leading to further losses. You maybe recall the situation if that happened ever to you, maybe it never happened to you.</p><p><br /> </p><p><strong>[00:17:56.200]</strong></p><p>I know it did happen to me and I would tell myself the story that it's going to come back. And not only that, the dopamine really helped me to make the story that I will even make a profit. Sometimes I would tell myself, you know what, if I add an average down, then when it turns around, I will make more money than I was originally intending. It basically makes you trade emotionally. You get the rush from quick profits, make impulsive trading decisions, and just completely lose track of any analysis and just click the buttons.</p><p><br /> </p><p><strong>[00:18:39.190]</strong></p><p>Now the emotional highs and lows that are associated with dopamine can totally cloud your judgment. And if you trade emotionally, you know what happens. Your performance is simply inconsistent. And if you have inconsistent performance, how can you expect consistent results, right? So begin with building awareness around your dopamine driven behavior.</p><p><br /> </p><p><strong>[00:19:10.210]</strong></p><p>Look at the situations that bring you in trouble and see if this was caused by you trying to think about a rosy future, how this trade, if you get in, is going to work out and give you big profit. Start noticing your emotional state when trading. So if you feel overly excited or anxious, that's when you can recognize that dopamine may be influencing your decisions. Take breaks. Try to regain rational perspective.</p><p><br /> </p><p><strong>[00:19:51.010]</strong></p><p>Just make for yourself a reminder that when you feel overconfident overexcited, just think dopamine I need to get back into the present moment, into the now. And you can do it your way. You can just close your eyes, maybe take few deep breaths, or simply take a walk. Make sure that you start writing down in your trading journal your decision. So just keep track of what made you to make a certain decision.</p><p><br /> </p><p><strong>[00:20:24.190]</strong></p><p>So if you have decided to get out earlier out of a trade, what made you do that? If it was getting into a trade too early, before you got your confirmation or your signal, what was your emotional state then? And start looking for patterns of impulsive and overconfident behavior that may be linked to Dopamine release. So remember this if you feel excited while you're trading, you're looking at the setup and all you can think of is potential profit. You might be now telling yourself the story that you rather talk yourself out of.</p><p><br /> </p><p><strong>[00:21:10.700]</strong></p><p>Notice the narrative in your head. Write it down. Make sure that you recognize are you acting out of Dopamine or are you acting out of here and now chemicals. As you see, Dopamine's role in trading is pretty complex and the Dopamine rush has both positive and negative aspects. And it is up to you whether you will make it your friend or enemy, because it depends on how you will manage and channel it.</p><p><br /> </p><p><strong>[00:21:42.930]</strong></p><p>Thank you for listening to the Confidence in Trading podcast. If you are enjoying my show and the topics I share here resonate with you, I would like to ask you to leave a review on Apple podcast and don't forget to hit that subscribe button as well so you can come back for the next episode. Your journey to becoming a confident trader is incredibly exciting and important to me and I am here to support you every step of the way. If you are interested in gathering more insights in trading psychology, be sure to visit aheadcoach.com and very soon I will be teaching Live Mindset Masterclass for Traders so you will be able to sign up for free. So connect with me on Twitter or Facebook.</p><p><br /> </p><p><strong>[00:22:36.600]</strong></p><p>You will find the links in the description under this episode and I really hope to seeing you there. I am Agnieszka Wood from Ahead Coach and I look forward to seeing you in the next episode. Bye for now.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 20 Oct 2023 04:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode of the Confidence in Trading podcast "Dopamine and Day Trading - The Science Behind The Rush", host Agnieszka Wood explores the role of dopamine, the brain's "desire" chemical and the effects that it has on decision-making  and risk-taking. Learn about the two characters of dopamine and the ways it can help and sabotage your trading efforts. Discover how to use its power to your advantage in the pursuit of financial gains in trading. </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p>—</p><p><strong>Transcript: </strong></p><p><strong>[00:00:08.490]</strong></p><p>Welcome to a new episode of the Confidence in Trading podcast. I am your host, Agnieszka Wood. I am so happy that you are here because today's topic could provide many of you with a lot of answers that you might have been searching for for a long time. Welcome to episode number 16, Dopamine and Day Trading - the Science Behind the Rush. Last week I mentioned how easily I can get bored and distracted and how I am constantly looking for new experiences.</p><p><br /> </p><p><strong>[00:00:41.800]</strong></p><p>I just love the feeling of starting something new. The excitement gives me a lot of energy and a huge confidence boost at times as well. Already as a child, I could not stick to just one hobby and after a month or two of, let's say, collecting postcards, I would be onto a new endeavor. I had a lot of hobbies at the same time, but I would end them one after the other very fast. My mom would say sometimes that I burned through hobbies, like through stack of hay, and that did not change.</p><p><br /> </p><p><strong>[00:01:16.890]</strong></p><p>Growing up, I was always getting very excited to start up a new initiative, whether that was a new job, starting a new business, or even a new relationship. And sometimes that was based on a very impulsive decision, getting very easily distracted and being able to get myself very enthusiastic about something to the point that it had to happen right now. And I am very, very good at talking myself into things, especially if I really feel excited about them. With time I have learned to get that under control and also talk myself out of things, especially those that are not in my best interest. But I can tell you that my head still keeps trying and if I don't pay enough attention, mindset coach or not, I will sometimes fall for it.</p><p><br /> </p><p><strong>[00:02:20.350]</strong></p><p>That's where knowing yourself becomes so important, especially if you are serious about achieving your goals in life. From my own trading experience and my work as a trading Mindset Coach, I know that this characteristic is quite common among traders and maybe even you recognize it yourself. If you have been following me for a while, you know that I talk a lot about beliefs and how they orchestrate everything we do. And if you want to change your behavior, that especially behavior that does not serve you, that you need to look at your beliefs. And if you want to change a behavior, especially behavior that does not serve you, you need to look at your beliefs so you can replace the limiting ones, the ones that are not helping you get what you want with empowering beliefs.</p><p><br /> </p><p><strong>[00:03:24.210]</strong></p><p>Beliefs are basically thoughts that we kept thinking until they became so strong that we started to identify ourselves with it and consider them the truth. And because of that, we never think to question them anymore. And so yes, on a mental level, we are being sabotaged by our own beliefs because your life changes. And sometimes the belief that you have been carrying with you for a long time through your life, they simply are not valid anymore. I would say not only not valid, a lot of times they are simply not functional and stand you in your way.</p><p><br /> </p><p><strong>[00:04:13.010]</strong></p><p>So that's one dimension that anyone who has some sort of dream and especially when you are working hard to make it happen and you don't move forward, that's the one dimension that you need to look at, especially if you want to book some progress, right? So beliefs, that's on a mental level, that's what stands a lot of people in a way to their goals and in a way to even, sometimes define their goals or even having a dream. Because limiting beliefs are not only preventing you from achieving your dreams for taking the necessary steps, many times they are actually preventing you from dreaming, from believing what is possible for you and from believing what you deserve and what you are worth. [00:05:13.190] So that's on a mental level, and if that's not enough to deal with, we also have a physical level that can work for us or against us. And yes, on a physical level, the first thing that comes to mind when achieving goals for everyone is going to the gym, having a workout routine, having a good diet, taking care of yourself.</p><p><br /> </p><p><strong>[00:05:40.580]</strong></p><p>And that's all very important. But what I am particularly interested in is what is happening behind the scenes. So not what's exactly obvious to the eye. Just like your beliefs are part of your subconscious programming. There is this one chemical in particular that I want to talk about today.</p><p><br /> </p><p><strong>[00:06:04.950]</strong></p><p>That chemical that has an incredibly big role in achieving success as a trader, dopamine. Dopamine is a brain chemical that was discovered in 1957 and was first seen as a way for the body to produce a chemical called norepinephrine, which is what adrenaline is called when it is found in the brain. Some scientists name Dopamine the pleasure molecule. But further research showed that Dopamine is not just about pleasure. The dopamine activity was not just a marker of pleasure, but it is a reaction to the unexpected, to possibility and anticipation.</p><p><br /> </p><p><strong>[00:06:56.310]</strong></p><p>This might be a hint for you why I am talking about this chemical and why is it such an important topic for traders. As human beings, we get a Dopamine rush from promising surprises. But when these things become regular events in our life and the newness fades, the Dopamine rush dissipates. Just think about relationships and the honeymoon phase. Sounds familiar, right?</p><p><br /> </p><p><strong>[00:07:25.550]</strong></p><p>Our brain is programmed to crave the unexpected. So logically we look to the future to deliver it to us because that's where every exciting possibility begins in the future. But as soon as the new becomes the usual, we turn our head and attention to the new opportunity. Back to the future. Just think about how often traders switch from strategy to strategy.</p><p><br /> </p><p><strong>[00:07:56.510]</strong></p><p>Especially when you don't get the results you want and you see maybe another trader on Twitter making money with a different strategy. Just be honest, doesn't a thought pops up in your head maybe I should try to trade what he is trading. It looks like he's making money. Maybe this is much better, maybe I should start doing that. Dopamine is great at is idealizing the unknown.</p><p><br /> </p><p><strong>[00:08:25.570]</strong></p><p>The problem is that the unknown can only be in the future. And when it actually becomes your reality and you finally get the things you want it's not as good as expected. The thrill of anticipation is gone and your excitement turns into disappointment. And because that does not feel very nice you are onto a new thing again and it can be very very addictive. So remember, Dopamine is the anticipation molecule and the only thing that matters to dopamine is to get more.</p><p><br /> </p><p><strong>[00:09:10.050]</strong></p><p>Having things totally uninteresting what truly matters is getting things. So when you are thinking about things you don't have yet, things that you can only desire, like the sports car you're going to drive when you finally become successful in trading that's when dopamine has more control than any other chemical in your brain. Think about it this way dopamine turns on the imagination producing visions of a rosy future. Because when we imagine things we want, we usually don't settle for mediocre. We tend to think about the best of the possible worlds and that makes the future more attractive.</p><p><br /> </p><p><strong>[00:10:01.090]</strong></p><p>But what you have to realize is that the future isn't real and it exists only in your mind. On the other hand, the present is real, it's experienced, not imagined the present moment. And that requires a different set of chemicals in your brain such as serotonin, oxytocin, endorphins they are called the here and now neurotransmitters as opposed to the pleasure of anticipations of dopamine. These chemicals give us pleasure from sensation and emotion. So if the future is wanting, the present is liking.</p><p><br /> </p><p><strong>[00:10:51.330]</strong></p><p>The feeling of wanting and feeling of liking are produced by two completely different systems in the brain. And for some people the switch from excitement about what you want to enjoyment of what you have can be very challenging. And we often don't like the things we have even though that's what we wanted. Take for example a relationship. Many people try to change their partner and when they finally succeed they don't like the way the partner is now.</p><p><br /> </p><p><strong>[00:11:27.850]</strong></p><p>Or in trading you really want your trade to go to your target price. Sometimes you pray if it only gets there but then when it gets there suddenly it's not good enough. And now you want it to go higher. Now you're not taking the profit, now you're greedy, now you want more. How many times did that mess up your good trade or turn a winner into a loser?</p><p><br /> </p><p><strong>[00:11:52.470]</strong></p><p>I mentioned before that the feeling of desire can be addictive and it happens when the dopamine desire circuits get overstimulated. Basically, addiction arises from the chemical cultivation of desire. And what I'm going to tell you next, hopefully will help you to find a little bit more compassion for yourself. Such addiction is a dopaminergic compulsion and it's not a sign of a weak character or a lack of willpower. So stop beating yourself up.</p><p><br /> </p><p><strong>[00:12:32.690]</strong></p><p>There is a chemical in your brain you're fighting against. The feeling of wanting becomes sometimes so overwhelming and all you want is to stop the unpleasant feeling of craving. That's what addiction is, regardless whether the wanted object is anything you really care for, whether it is good for you or might hurt you, it makes you behave like a man who carries around the rock all day because it feels so good when he puts it down. You might now start seeing some parallels of how you react in certain situations in your trading. In a trading environment, it is very easy to get overstimulated.</p><p><br /> </p><p><strong>[00:13:16.570]</strong></p><p>And dopamine is what fuels many traders uncontrolled behavior and losses. So if you think about your trading and look back at your day, you can probably pinpoint when you are operating from dopamine and when you are operating from here and now space. I talk a lot in my coaching about being in the moment and practicing staying in the present, because that's where dopamine has less effect on you and less control. So you can view dopamine as a trader's friend, but also as an enemy. So as a friend, it motivates you to come back every day and to seek profits and stay engaged in the markets.</p><p><br /> </p><p><strong>[00:14:10.010]</strong></p><p>But from the enemy perspective, yes, dopamine is responsible for your impulsive decisions and excessive risk taking. Think about it this way. The dopamine makes the work possible at all. Like if you have no dopamine, there is no effort. And you would just not be willing to work hard and come back every day and put your efforts into preparing, trading plan and spending hours in front of your screens flicking through charts.</p><p><br /> </p><p><strong>[00:14:47.590]</strong></p><p>The ability to put forth effort is dopaminergic and we need that. Dopamine is also giving you a confidence boost because we humans need to believe that we can actually succeed before we are able to succeed. Another thing that dopamine is serving as is a motivator, driving you to stay engaged in the markets. Motivation is very important for your progress. The anticipation of profits also help you to stay focused on your goals.</p><p><br /> </p><p><strong>[00:15:27.610]</strong></p><p>It gives you sort of positive reinforcement. Dopamine can also help traders cope with losses and provide them with a sense of optimism because it gives you this excitement about what you can achieve. It encourages you to persevere and adapt if you have taken some losses lately. But there is this other side of the coin where the dopamine is not so good for traders and it's causing impulsive behavior. You start showing impulsive behavior when you place too much value on immediate pleasure and not enough on long term consequences.</p><p><br /> </p><p><strong>[00:16:14.570]</strong></p><p>You probably have heard many traders talking about you have to focus on your process, you have to focus on the long term goals because otherwise you will be just chasing money. Desired dopamine overpowers the more rational parts of your brain. So we make choices that we know are not in our best interest, but then we feel powerless to resist. Speaking of the dopamine rush, the dopamine rush that you get from quick profits or unexpected profits that can lead to impulsive trading decisions. So you might start chasing trends or just completely throw your plan out the window and as a result lose a lot of money.</p><p><br /> </p><p><strong>[00:17:10.570]</strong></p><p>While dopamine can give you confidence, it can also give you overconfidence. Because if you have experienced recent successes, now you start to underestimate risk and you take larger positions than you should and you are risking substantial losses. Dopamine can also amplify the fear of losses and making traders reluctant to cut their losses. So you start holding your positions for longer than you should, hoping that it will turn around, leading to further losses. You maybe recall the situation if that happened ever to you, maybe it never happened to you.</p><p><br /> </p><p><strong>[00:17:56.200]</strong></p><p>I know it did happen to me and I would tell myself the story that it's going to come back. And not only that, the dopamine really helped me to make the story that I will even make a profit. Sometimes I would tell myself, you know what, if I add an average down, then when it turns around, I will make more money than I was originally intending. It basically makes you trade emotionally. You get the rush from quick profits, make impulsive trading decisions, and just completely lose track of any analysis and just click the buttons.</p><p><br /> </p><p><strong>[00:18:39.190]</strong></p><p>Now the emotional highs and lows that are associated with dopamine can totally cloud your judgment. And if you trade emotionally, you know what happens. Your performance is simply inconsistent. And if you have inconsistent performance, how can you expect consistent results, right? So begin with building awareness around your dopamine driven behavior.</p><p><br /> </p><p><strong>[00:19:10.210]</strong></p><p>Look at the situations that bring you in trouble and see if this was caused by you trying to think about a rosy future, how this trade, if you get in, is going to work out and give you big profit. Start noticing your emotional state when trading. So if you feel overly excited or anxious, that's when you can recognize that dopamine may be influencing your decisions. Take breaks. Try to regain rational perspective.</p><p><br /> </p><p><strong>[00:19:51.010]</strong></p><p>Just make for yourself a reminder that when you feel overconfident overexcited, just think dopamine I need to get back into the present moment, into the now. And you can do it your way. You can just close your eyes, maybe take few deep breaths, or simply take a walk. Make sure that you start writing down in your trading journal your decision. So just keep track of what made you to make a certain decision.</p><p><br /> </p><p><strong>[00:20:24.190]</strong></p><p>So if you have decided to get out earlier out of a trade, what made you do that? If it was getting into a trade too early, before you got your confirmation or your signal, what was your emotional state then? And start looking for patterns of impulsive and overconfident behavior that may be linked to Dopamine release. So remember this if you feel excited while you're trading, you're looking at the setup and all you can think of is potential profit. You might be now telling yourself the story that you rather talk yourself out of.</p><p><br /> </p><p><strong>[00:21:10.700]</strong></p><p>Notice the narrative in your head. Write it down. Make sure that you recognize are you acting out of Dopamine or are you acting out of here and now chemicals. As you see, Dopamine's role in trading is pretty complex and the Dopamine rush has both positive and negative aspects. And it is up to you whether you will make it your friend or enemy, because it depends on how you will manage and channel it.</p><p><br /> </p><p><strong>[00:21:42.930]</strong></p><p>Thank you for listening to the Confidence in Trading podcast. If you are enjoying my show and the topics I share here resonate with you, I would like to ask you to leave a review on Apple podcast and don't forget to hit that subscribe button as well so you can come back for the next episode. Your journey to becoming a confident trader is incredibly exciting and important to me and I am here to support you every step of the way. If you are interested in gathering more insights in trading psychology, be sure to visit aheadcoach.com and very soon I will be teaching Live Mindset Masterclass for Traders so you will be able to sign up for free. So connect with me on Twitter or Facebook.</p><p><br /> </p><p><strong>[00:22:36.600]</strong></p><p>You will find the links in the description under this episode and I really hope to seeing you there. I am Agnieszka Wood from Ahead Coach and I look forward to seeing you in the next episode. Bye for now.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="22065073" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/bda99ec2-0ad0-4602-8271-85a6270a305c/audio/3d0d9a16-5f64-463f-9511-1d335f302baa/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Dopamine and Day Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:22:59</itunes:duration>
      <itunes:summary>In this episode of the Confidence in Trading podcast &quot;Dopamine and Day Trading - The Science Behind The Rush&quot;, host Agnieszka Wood explores the role of dopamine, the brain&apos;s &quot;desire&quot; chemical and the effects that it has on decision-making  and risk-taking. Learn about the two characters of dopamine and the ways it can help and sabotage your trading efforts. Discover how to use its power to your advantage in the pursuit of financial gains in trading. </itunes:summary>
      <itunes:subtitle>In this episode of the Confidence in Trading podcast &quot;Dopamine and Day Trading - The Science Behind The Rush&quot;, host Agnieszka Wood explores the role of dopamine, the brain&apos;s &quot;desire&quot; chemical and the effects that it has on decision-making  and risk-taking. Learn about the two characters of dopamine and the ways it can help and sabotage your trading efforts. Discover how to use its power to your advantage in the pursuit of financial gains in trading. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>16</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">60af855a-cdbd-43fe-b17f-6ad8a454f02d</guid>
      <title>Emotional Control or Mastery</title>
      <description><![CDATA[<p>In this episode of the Confidence in Trading podcast, host Agnieszka Wood explores the intricate relationship between emotions and trading decisions, shedding light on the high failure rate among traders and the unique challenges faced by male traders. She discusses how societal norms and traditional masculinity often leads to difficulty in navigating the challenges of controlling emotions in trading. </p><p>Agnieszka offers insights into the impact of emotional suppression, coping mechanisms, and the importance of recognizing and addressing emotions for improved trading performance and emotional well-being. She highlights the need for emotional support and encourages male traders to break free from societal expectations and embrace emotional fluency for better trading outcomes.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p>—</p><p><strong>Transcript: </strong></p><p>[00:00:08] - Agnieszka</p><p>Welcome to another episode of the Confidence in Trading podcast. I am your host, Agnieszka Wood, and I am absolutely thrilled to have you with us today. Today is episode number 15, and if you have been listening to my podcast, you are probably wondering who is my next guest. So I've got a little surprise for you. After hosting 14 wonderful guests and having incredibly inspiring conversations with them, I decided to shake things up a little bit and do something different, partly because I am a trader and I got so used to getting regularly shaken up by the market that I just felt the need to change something.</p><p>[00:00:56] - Agnieszka</p><p>But also, I have a strong dopaminergic personality and I get very easily bored. So I am constantly looking for new experiences. And if you wonder what a dopaminergic personality is and how dopamine that powerful brain chemical might be affecting your trading behavior, then you absolutely must subscribe to my show. The upcoming episode is poised to blow your mind as I will be exploring the intricate relationship between dopamine and your trading decisions. And before we dive into today's discussion, I want to make sure that you are aware of a fantastic resource that I've prepared for you.</p><p>[00:01:41] - Agnieszka</p><p>If you head to confidenceintrading.com, you can access a complimentary copy of my comprehensive guide, Ten Easy Ways to Improve the Consistency in Your Trading. It's jam packed with actionable strategies and insights that can help elevate your trading game to new heights. All right, so today is just between you and me, your exclusive conversation with a Trading Mindset Coach. And in today's episode, we are going to dive headfirst into a topic that has the power to disrupt even the most level headed of individuals. Drumroll, please.</p><p>[00:02:29] - Agnieszka</p><p>Emotions. Yes, those unpredictable and often unruly forces that can send shivers down the spine of traders worldwide. In the trading realm, they are often viewed as the elusive boogeyman lurking in the shadows, ready to pounce when least expected. Emotions. Whether you are a seasoned pro or just starting on this roller coaster ride, emotions are a constant companion.</p><p>[00:03:00] - Agnieszka</p><p>And today I am going to peel back the layer that nobody looked under before. So grab your favorite cup of coffee and fasten your seatbelt, because we are shaking things up. Today, we are embarking on a journey of self discovery, empathy and growth. And I am thrilled to have you along for the ride. It's common knowledge that the failure rate among traders is critically high.</p><p>[00:03:28] - Agnieszka</p><p>To put it all into perspective, consider this according to the latest data provided by the US. Bureau of Labor Statistics, approximately 20.8% of private sector businesses in the United States falter and fade within their very first year of existence. It's a harsh environment for entrepreneurs, to say the least. Now, in trading, particularly day trading here, the stats paint an even more daunting picture. And I really hope that these numbers are not surprising to those of you who are just at the beginning of your trading career.</p><p>[00:04:07] - Agnieszka</p><p>After all, you need to know what you are getting into. So various studies and industry observations show somewhere between 80% to 90% of day traders ultimately throw in the towel within their maiden year. Five years down the line, while over 50% of businesses are still standing, only a meager 7% of day traders persevere. To put it bluntly, if you are a day trader, it can sometimes feel like participating in Hunger Games, a relentless high stakes battle where the odds are stacked against you. Interestingly, the majority of those who undertake this grueling journey are men, making up approximately 85% of all traders.</p><p>[00:05:01] - Agnieszka</p><p>Female traders tend to emerge as unsung heroes of this arena. Over time, they often outperform their male counterparts. Why? Well, it appears that part of the credit for this goes to women's remarkable ability to keep their egos in check, relegating them to the background, and allowing for a greater degree of self control in their trading decisions. Isn't it intriguing how the most tricky aspects of trading emotions and masculinity are often intertwined in a delicate dance of complexity?</p><p>[00:05:44] - Agnieszka</p><p>And today, we will be turning our focus squarely onto the 85% of traders who are men and explore the unique challenge they face and, most importantly, how they can tip the scales in their favor in this high stakes arena of trading. So let's talk about emotions. Controlling emotions in trading, particularly in day trading, stands as perhaps the single most intimidating challenge most traders encounter in their trading journey towards their success. It's a relentless battle, one that tests the strength of character of even the most seasoned traders. And as if that weren't intriguing enough, emotions also play a role in the realm of masculinity, presenting a unique challenge for many men.</p><p>[00:06:39] - Agnieszka</p><p>Do you know what the challenge is? The challenge of expressing those emotions. This leads us to a compelling question. Is it possible to effectively navigate through the turbulence of emotions if one doesn't dare to look them in the eye? Picture this.</p><p>[00:07:00] - Agnieszka</p><p>You are trying to move past something, but it's hidden in the shadows, obscured from view. It's like navigating a dimly lit room, and it's only a matter of time before you stumble over the very thing you can't see. So that makes me wonder if there is a close relationship between the challenges of controlling the emotions in trading and the challenges of emotional expression. And that's the reason why I wanted to focus today on just men traders. Because the difficulty of expressing emotions is especially true for men, it's crucial to acknowledge that when it comes to emotions, there is a universal truth that transcends gender boundaries.</p><p>[00:07:52] - Agnieszka</p><p>Emotions are an inherent part of the human experience, and every individual, regardless of gender, possesses the capacity to feel and express them. Men and women are born with remarkably similar emotional landscapes, filled with the full spectrum of feelings. Yet here lies the conundrum as boys matured into adulthood. Many societies have long adhered to traditional norms that at times discourage emotional fluency, particularly when it comes to so-called softer emotions such as sadness or fear. This societal pressure can stifle the open expression of vulnerability, creating a cultural environment where emotions are constrained.</p><p>[00:08:50] - Agnieszka</p><p>Phrases like "act like a man" or "don't cry like a girl" have echoed through generations and shaped the way men perceive and express their emotions. The implications of this emotional suppression reach far and wide, affecting not just individuals, but entire systems within our society. Families, politics, workplaces they all bear the imprint of these expectations. As boys grow into men carrying these societal norms, they often find themselves disconnected from their emotional core. They may struggle to define their true self-identity, refrain from seeking help when needed, and experience emotional blockages that deny them permission to feel and express their innermost emotions.</p><p>[00:09:51] - Agnieszka</p><p>The pressure to act tough and manly conforming to the standards of traditional masculinity, even though it might not seem like a big deal, has a big impact on many people's lives. This is a complex issue that impacts men's emotional well being and their journey in the world of trading. This pressure can make it feel shameful for men to show vulnerability, ask for help, or seek emotional support. Some men fear that expressing their emotions will make them appear weak or less masculine in the eyes of others. That could be the reason why most trading chat rooms are not exactly the place where you will find a lot of emotional sharing and as a result, not much emotional support either.</p><p>[00:10:43] - Agnieszka</p><p>For example, you might fear that sharing your emotions or asking for help will lead to being rejected or even laughed at. Just think about it. When you are struggling with a losing streak, you are probably feeling overwhelmed and stressed about your financial situation, but you are not very keen on sharing it with anyone. You probably don't have many friends that understand much about trading. And your family always say you're gambling when you even say one word about the market.</p><p>[00:11:15] - Agnieszka</p><p>So logically, you are trying to deal with a situation on your own. Not to mention the fact that often your losses are a result of you breaking the rules and you simply feel ashamed to talk about it to anyone. You worry that others might think you are a loser. Eventually, your stress level is compounding and interfering with your ability to make rational decisions. Sometimes not being able to express your emotions might be just a matter of practice.</p><p>[00:11:48] - Agnieszka</p><p>If you have grown up in a family with no opportunity to express your emotions freely, you may simply have difficulty not just communicating your feelings, but even identifying what you feel. In the world of trading, there is often a prevailing belief that emotions should be completely eradicated from the equation. Many traders buy into the notion that to succeed, they must become emotionless machines, unaffected by the highs and lows of the market. This mindset can lead them to avoid acknowledging or even identifying their emotions altogether. And because they strive to push their emotions aside, believing that doing so is the key to making rational, unemotional decisions.</p><p>[00:12:39] - Agnieszka</p><p>They don't even notice that they have an expression issue. Many times, people develop alternative coping mechanisms for dealing with emotions. For example, some people use humor when traders feel pressured to suppress or ignore their emotions. They also develop alternative coping mechanisms to navigate the emotional roller coaster. These mechanisms can take various forms, from over-trading in an attempt to numb emotional discomfort with constant action, to turning to external distractions or even substance use as a temporary escape.</p><p>[00:13:16] - Agnieszka</p><p>These coping strategies may offer brief comfort, but rarely provide lasting solutions. In fact, they can compound the emotional challenges over time and potentially lead to more impulsive decisions and more trading losses. Another way to handle emotions is simply pretend you don't have them, rather than directly expressing what you feel. The only thing with pretending is that it doesn't make the feelings go away. In fact, it can actually intensify them.</p><p>[00:13:51] - Agnieszka</p><p>A classic example of this is anger. Many people believe that it is better to temp down anger than express it. It is true that we need to control our emotions to some extent for our everyday interactions. Just imagine for a moment a world where every time we experience anger, frustration or irritation, we immediately acted upon these emotions without any restraint. It is not very hard to envision the chaos and the discord that would follow, right?</p><p>[00:14:24] - Agnieszka</p><p>In this sense, temporary suppression of our immediate reactions is not only beneficial, but often essential for maintaining social harmony. However, here is where things get intriguing. When we simply suppress our emotions in the moment, but fail to revisit and process them later, we unintentionally engage in a form of emotional suppression. It's like putting a lid on a boiling pot without ever allowing the steam to escape. Over time, this emotional pressure can build up much like a pressure cooker, ready to release its accumulated steam explosively.</p><p>[00:15:09] - Agnieszka</p><p>Have you ever found yourself suddenly exploding in anger or frustration with seemingly no apparent reason or trigger? This experience is not uncommon, and it often stems from the buildup of suppressed emotions. It's as if those emotions have been lurking beneath the surface, waiting for the slightest provocation to erupt. But here's the kicker. Suppressing your emotions doesn't just impact your immediate social interactions.</p><p>[00:15:40] - Agnieszka</p><p>It can also have a profound effect on your internal well being. Did you know that it can contribute to increased stress levels? Stress, as many of us are well aware, is a silent and pervasive force that can significantly affect various aspects of our lives, including our performance in high pressure environments like trading. Now, let's tie it all back to our main focus trading. Could it be that unaddressed emotional suppression is lurking beneath the surface, quietly adding to the stress and challenges you encounter during trading?</p><p>[00:16:25] - Agnieszka</p><p>And if so, isn't it essential to recognize that understanding emotions, processing and effectively managing them should be your main focus as a trader? Suppressing emotions isn't just an abstract concept. It also has tangible physiological effects on our bodies. While short term suppression typically doesn't cause lasting problems, it's something you can certainly feel if you have ever treated yourself to a deep tissue massage. Stress, often a result of emotional suppression, can tighten your muscles, leaving you feeling physically tense and knotted.</p><p>[00:17:10] - Agnieszka</p><p>But the real concern comes when emotional suppression becomes a long term habit. Remember, unexpressed emotions don't simply vanish, they linger within your body. They are like uninvited guests that are staying longer than welcome. And over time, they can manifest as damaging physical and psychological effects. Some traders, for example, find themselves struggling with anxiety, depression and other stress related illnesses.</p><p>[00:17:45] - Agnieszka</p><p>In some cases, suppression can even pave the way to addiction, as people turn to substances or harmful behaviors as a means to cope with the emotional anxiety they avoid facing. Did you know that statistically, men are more prone to substance addiction than women? Could that be related to emotional suppression that is more common among men than women? Before we move on, I want to clarify one crucial point here. Suppressing emotions is not a form of control or management.</p><p>[00:18:25] - Agnieszka</p><p>It's more like pushing those emotions away, hiding them deep within our subconscious, and operating in a state of denial and unawareness. It's a practice that keeps us emotionally unconscious. Now, for those among you who may believe in the idea of becoming a mechanical trader, one who completely eliminates emotions from the trading equation, let's pause for a second. Because even if you make changes to cut down on negative emotions, it won't eliminate your stress triggers. That means that if you have any suppressed emotions, you will still need to find a way to deal with them.</p><p>[00:19:12] - Agnieszka</p><p>So instead of striving to eliminate or to suppress emotions from your trading, I encourage you to consider a more effective approach. Emotions, after all, are a part of being human. They provide a zest, the passion and the joy in our lives. And they can be valuable allies in trading when put to use effectively. Rather than avoiding them, aim to use your emotions flexibly and intelligently in your trading journey.</p><p>[00:19:47] - Agnieszka</p><p>Consider this: what if the reason you struggle to control your emotions in trading is simply because you are not genuinely acknowledging them? What if the root of your trading challenges lies in your reluctance to admit what you're feeling? Keep in mind that you cannot manage or control something if you refuse to confront it or even look at it. So regardless of your upbringing and the baggage you may carry, isn't it worth the risk to embrace your emotions if it means improving your trading results? Emotions are the essence of our humanity, the vivid colors that paint the canvas of our life.</p><p>[00:20:39] - Agnieszka</p><p>Being emotional is neither a side of strength nor weakness. It's a natural aspect of human experience. They are signals between our brains and our bodies. Ignoring your emotions is like disregarding a vital system in your body. It's like ignoring the signals from your digestive system telling you it's time to eat.</p><p>[00:21:04] - Agnieszka</p><p>Imagine brushing aside your body's call for nourishment, for weeks, months or years. It's simply unthinkable, right? The point here is your emotional guidance system is as integral to your being as any other physiological system. It's not something to dismiss or ridicule. It's part of your humanity that deserves acknowledgment and understanding.</p><p>[00:21:34] - Agnieszka</p><p>And by allowing yourself to feel your emotions and extending compassion toward yourself, you will take a leap forward on your trading journey. Because you will realize that the only thing you are fighting with right now in your trading is yourself. Your own resistance. Just think about it. Most people choose to become a trader to achieve freedom.</p><p>[00:22:01] - Agnieszka</p><p>Many want to become independent from others, having nobody tell them what to do. Being your own boss, what if this has something to do with not wanting to be confronted with yourself? I don't know about you, but in my experience, when you engage with other people, they have the ability to somehow trigger emotions that usually don't get triggered. When I am on my own, does that ring a bell? Usually, other people are a very good mirror, reflecting your behavior that you don't really want to see from yourself and confront.</p><p>[00:22:41] - Agnieszka</p><p>And maybe you're thinking right now, no, that's definitely not me. Well, I invite you to just observe that resistance and see what is being triggered. But I get it. It could be scary to confront your feelings. After all, there was a reason to hide them in the first place.</p><p>[00:22:59] - Agnieszka</p><p>And most traders don't even want to hear that. They need to work on their mindset, let alone their emotions. Can you imagine a headline? If you want to become a successful trader, you first need to learn to talk about your emotions. There would not be a good advertising for the trading industry, and I bet this would make trading much less popular, especially among men.</p><p>[00:23:25] - Agnieszka</p><p>But the truth is, whether you want it or not, trading will force you to reconnect with your emotions. And your trading success depends on how soon you allow this process to happen. And for those of you who still may believe that emotions are somehow reserved for one gender, it's time to embrace the duality within all of us. Within each of us, there exists a spectrum of experiences. The positive and the negative, the feminine side and the masculine side.</p><p>[00:23:59] - Agnieszka</p><p>The yin and the yang. These dualities coexist within us, each complementing the other, creating a rich tapestry of human experience. You cannot fully understand how you can make rational decisions if you don't understand how you make the emotional ones. Remember, the path to grow often entails a challenging climb. But the view from the summit is worth every effort.</p><p>[00:24:29] - Agnieszka</p><p>When emotions shake you and throw you off balance, view it as an opportunity to strengthen your purpose and to refocus. Stay nonjudgmental toward what you feel. Stop calling yourself names when things get rough. And when you feel frustrated or angry about another loss or mistake. Just take notice of the emotion you feel.</p><p>[00:24:54] - Agnieszka</p><p>Pay attention to the actual sensation in your body, and instead of putting label on it, start writing your observations in a journal, right there in the heat of the moment. It will help you to understand what is happening within you. On a deeper level, it will take your focus away from reacting, and it will give you a chance to decide about your next step. There is no need to fear emotions. They are fleeting anyway, flowing through you like passing clouds.</p><p>[00:25:30] - Agnieszka</p><p>They are here to guide you, to help you grow. With every emotional experience, you stand at the crossroads. How will you choose to act? Will you react or respond? Emotions illuminate what truly matters to you and offer invaluable insights into your inner world.</p><p>[00:25:53] - Agnieszka</p><p>Embrace them. They are the compass that points the way on your journey of self discovery and trading mastery. Indeed, self awareness and care are your allies on the path to mastering your emotions. To truly harness the power of emotions in your trading journey, you must remain aware of their presence. When emotions arrive, don't shy away from them.</p><p>[00:26:21] - Agnieszka</p><p>Instead, greet them with curiosity and an open mind. Take a moment to study them. How do they make you feel? What messages do they carry? Emotions are like messages from your inner world, each one offering valuable insights into your thoughts, beliefs and triggers.</p><p>[00:26:43] - Agnieszka</p><p>It is essential to understand that you don't need to act on every emotion you experience. Emotions serve as signals, guiding you through the landscape of your internal world. Feel them, acknowledge them, and then allow them to pass like ripples on the surface of a lake. Mastery comes from a place of openness and acceptance, and I hope that you now feel inspired to dare to open yourself up to your emotions, to allow them to be for what they are, without judgment or resistance. Embrace the full spectrum of your emotional experience, and in doing so, you will find a new level of joy, resilience and clarity in your trading journey.</p><p>[00:27:34] - Agnieszka</p><p>So I want to offer you this as food for thought. Imagine your emotions as transactions in the market of your inner world. Just as you enter and exit a trade with precision, emotions enter and exit your consciousness. It's a dance of energy, a constant ebb and flow. Your emotions come and recede, much like the exhalation of a breath.</p><p>[00:28:02] - Agnieszka</p><p>The energy that once searched through you now retreats, creating space for reflection and decision making. And then, just like a new trade presenting itself, fresh emotion emerges. It's the cycle of trading, the heartbeat of your journey. The key to trading success lies in embracing this rhythm, in allowing your emotions to move freely within this cycle. To navigate the market with competence, you need to navigate your emotional landscape with skill and precision.</p><p>[00:28:41] - Agnieszka</p><p>Be present, be mindful, and let the emotional energy flow through you. Let it in and then release it. Let it go without clinging or resistance. Trust that the cycle will continue, just as the market always provides new opportunities. Remember, in the world of trading and emotions, you are the master of your inner market.</p><p>[00:29:07] - Agnieszka</p><p>Embrace the flow, trust the process, and let each emotion be a valuable transaction on your path to trading excellence.</p><p>[00:29:19] - Agnieszka</p><p>Thank you for listening to the Confidence in Trading podcast. If you are enjoying my show, if the insights I share here resonate with you, I would like to ask you for a small favor. Your feedback is invaluable to me and it helps me continue to deliver high quality content that empowers traders like yourself. So please take a moment to leave a review on Apple podcasts.</p><p>[00:29:43] - Agnieszka</p><p>Your review not only brightens my day, but also helps other traders discover the show. Don't forget to hit the subscribe button as well so you can come back for the next episode. Your journey to becoming a more confident and successful trader is very important to me, and I am here to support you every step of the way. If you are interested in gathering more insights in trading psychology, be sure to visit aheadcoach.com and check out my newest online course, Unlock Your Trading Mindset. This course is the first step for anyone who seek consistency and long term </p><p>results in trading.</p><p>[00:30:27] - Agnieszka</p><p>You will learn how to truly make a difference in your trading results. I am Agnieszka Wood from Ahead Coach, and I look forward to seeing you in the next episode. Bye for now.</p><h1> </h1>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 6 Oct 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode of the Confidence in Trading podcast, host Agnieszka Wood explores the intricate relationship between emotions and trading decisions, shedding light on the high failure rate among traders and the unique challenges faced by male traders. She discusses how societal norms and traditional masculinity often leads to difficulty in navigating the challenges of controlling emotions in trading. </p><p>Agnieszka offers insights into the impact of emotional suppression, coping mechanisms, and the importance of recognizing and addressing emotions for improved trading performance and emotional well-being. She highlights the need for emotional support and encourages male traders to break free from societal expectations and embrace emotional fluency for better trading outcomes.</p><p> </p><p><strong>About Agnieszka Wood</strong></p><p><i>Founder and CEO of Ahead Coach, Trading Mindset Coach</i></p><p>Agnieszka Wood, is a passionate and accomplished day trader with over a decade of hands-on experience in the financial markets. Coming originally from Poland but having spent most of her life abroad, notably in the Netherlands and the United States, Agnieszka brings a diverse perspective to her work. Her journey is marked by conquering challenges, a deep passion for self-development, a commitment to unlocking her full potential, and a relentless pursuit of excellence.</p><p>Since 2019, Agnieszka has taken on the role of Founder and CEO of Ahead Coach, a coaching platform where she conducts her transformative work as a Trading Mindset Coach. Through Ahead Coach, she offers coaching programs for traders that draw on her extensive 20+ year background in Neuro Linguistic Programming (NLP), life coaching and her own experience in trading. Her holistic approach is designed to empower individuals not only in their trading endeavors but also in all aspects of life.</p><p>Agnieszka's influence extends beyond her coaching practice. She is a respected speaker at various trading events, where she shares her insights and knowledge with fellow traders and enthusiasts. In the trading education industry, she is known for her expertise in mindset coaching, helping traders overcome psychological barriers and build consistency.</p><p>Passionate about guiding individuals towards tangible results, Agnieszka thrives on taking on new initiatives and projects that promote personal growth. Her multifaceted expertise, unwavering dedication, and holistic approach make her a trusted coach for those seeking transformation and success.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p>—</p><p><strong>Transcript: </strong></p><p>[00:00:08] - Agnieszka</p><p>Welcome to another episode of the Confidence in Trading podcast. I am your host, Agnieszka Wood, and I am absolutely thrilled to have you with us today. Today is episode number 15, and if you have been listening to my podcast, you are probably wondering who is my next guest. So I've got a little surprise for you. After hosting 14 wonderful guests and having incredibly inspiring conversations with them, I decided to shake things up a little bit and do something different, partly because I am a trader and I got so used to getting regularly shaken up by the market that I just felt the need to change something.</p><p>[00:00:56] - Agnieszka</p><p>But also, I have a strong dopaminergic personality and I get very easily bored. So I am constantly looking for new experiences. And if you wonder what a dopaminergic personality is and how dopamine that powerful brain chemical might be affecting your trading behavior, then you absolutely must subscribe to my show. The upcoming episode is poised to blow your mind as I will be exploring the intricate relationship between dopamine and your trading decisions. And before we dive into today's discussion, I want to make sure that you are aware of a fantastic resource that I've prepared for you.</p><p>[00:01:41] - Agnieszka</p><p>If you head to confidenceintrading.com, you can access a complimentary copy of my comprehensive guide, Ten Easy Ways to Improve the Consistency in Your Trading. It's jam packed with actionable strategies and insights that can help elevate your trading game to new heights. All right, so today is just between you and me, your exclusive conversation with a Trading Mindset Coach. And in today's episode, we are going to dive headfirst into a topic that has the power to disrupt even the most level headed of individuals. Drumroll, please.</p><p>[00:02:29] - Agnieszka</p><p>Emotions. Yes, those unpredictable and often unruly forces that can send shivers down the spine of traders worldwide. In the trading realm, they are often viewed as the elusive boogeyman lurking in the shadows, ready to pounce when least expected. Emotions. Whether you are a seasoned pro or just starting on this roller coaster ride, emotions are a constant companion.</p><p>[00:03:00] - Agnieszka</p><p>And today I am going to peel back the layer that nobody looked under before. So grab your favorite cup of coffee and fasten your seatbelt, because we are shaking things up. Today, we are embarking on a journey of self discovery, empathy and growth. And I am thrilled to have you along for the ride. It's common knowledge that the failure rate among traders is critically high.</p><p>[00:03:28] - Agnieszka</p><p>To put it all into perspective, consider this according to the latest data provided by the US. Bureau of Labor Statistics, approximately 20.8% of private sector businesses in the United States falter and fade within their very first year of existence. It's a harsh environment for entrepreneurs, to say the least. Now, in trading, particularly day trading here, the stats paint an even more daunting picture. And I really hope that these numbers are not surprising to those of you who are just at the beginning of your trading career.</p><p>[00:04:07] - Agnieszka</p><p>After all, you need to know what you are getting into. So various studies and industry observations show somewhere between 80% to 90% of day traders ultimately throw in the towel within their maiden year. Five years down the line, while over 50% of businesses are still standing, only a meager 7% of day traders persevere. To put it bluntly, if you are a day trader, it can sometimes feel like participating in Hunger Games, a relentless high stakes battle where the odds are stacked against you. Interestingly, the majority of those who undertake this grueling journey are men, making up approximately 85% of all traders.</p><p>[00:05:01] - Agnieszka</p><p>Female traders tend to emerge as unsung heroes of this arena. Over time, they often outperform their male counterparts. Why? Well, it appears that part of the credit for this goes to women's remarkable ability to keep their egos in check, relegating them to the background, and allowing for a greater degree of self control in their trading decisions. Isn't it intriguing how the most tricky aspects of trading emotions and masculinity are often intertwined in a delicate dance of complexity?</p><p>[00:05:44] - Agnieszka</p><p>And today, we will be turning our focus squarely onto the 85% of traders who are men and explore the unique challenge they face and, most importantly, how they can tip the scales in their favor in this high stakes arena of trading. So let's talk about emotions. Controlling emotions in trading, particularly in day trading, stands as perhaps the single most intimidating challenge most traders encounter in their trading journey towards their success. It's a relentless battle, one that tests the strength of character of even the most seasoned traders. And as if that weren't intriguing enough, emotions also play a role in the realm of masculinity, presenting a unique challenge for many men.</p><p>[00:06:39] - Agnieszka</p><p>Do you know what the challenge is? The challenge of expressing those emotions. This leads us to a compelling question. Is it possible to effectively navigate through the turbulence of emotions if one doesn't dare to look them in the eye? Picture this.</p><p>[00:07:00] - Agnieszka</p><p>You are trying to move past something, but it's hidden in the shadows, obscured from view. It's like navigating a dimly lit room, and it's only a matter of time before you stumble over the very thing you can't see. So that makes me wonder if there is a close relationship between the challenges of controlling the emotions in trading and the challenges of emotional expression. And that's the reason why I wanted to focus today on just men traders. Because the difficulty of expressing emotions is especially true for men, it's crucial to acknowledge that when it comes to emotions, there is a universal truth that transcends gender boundaries.</p><p>[00:07:52] - Agnieszka</p><p>Emotions are an inherent part of the human experience, and every individual, regardless of gender, possesses the capacity to feel and express them. Men and women are born with remarkably similar emotional landscapes, filled with the full spectrum of feelings. Yet here lies the conundrum as boys matured into adulthood. Many societies have long adhered to traditional norms that at times discourage emotional fluency, particularly when it comes to so-called softer emotions such as sadness or fear. This societal pressure can stifle the open expression of vulnerability, creating a cultural environment where emotions are constrained.</p><p>[00:08:50] - Agnieszka</p><p>Phrases like "act like a man" or "don't cry like a girl" have echoed through generations and shaped the way men perceive and express their emotions. The implications of this emotional suppression reach far and wide, affecting not just individuals, but entire systems within our society. Families, politics, workplaces they all bear the imprint of these expectations. As boys grow into men carrying these societal norms, they often find themselves disconnected from their emotional core. They may struggle to define their true self-identity, refrain from seeking help when needed, and experience emotional blockages that deny them permission to feel and express their innermost emotions.</p><p>[00:09:51] - Agnieszka</p><p>The pressure to act tough and manly conforming to the standards of traditional masculinity, even though it might not seem like a big deal, has a big impact on many people's lives. This is a complex issue that impacts men's emotional well being and their journey in the world of trading. This pressure can make it feel shameful for men to show vulnerability, ask for help, or seek emotional support. Some men fear that expressing their emotions will make them appear weak or less masculine in the eyes of others. That could be the reason why most trading chat rooms are not exactly the place where you will find a lot of emotional sharing and as a result, not much emotional support either.</p><p>[00:10:43] - Agnieszka</p><p>For example, you might fear that sharing your emotions or asking for help will lead to being rejected or even laughed at. Just think about it. When you are struggling with a losing streak, you are probably feeling overwhelmed and stressed about your financial situation, but you are not very keen on sharing it with anyone. You probably don't have many friends that understand much about trading. And your family always say you're gambling when you even say one word about the market.</p><p>[00:11:15] - Agnieszka</p><p>So logically, you are trying to deal with a situation on your own. Not to mention the fact that often your losses are a result of you breaking the rules and you simply feel ashamed to talk about it to anyone. You worry that others might think you are a loser. Eventually, your stress level is compounding and interfering with your ability to make rational decisions. Sometimes not being able to express your emotions might be just a matter of practice.</p><p>[00:11:48] - Agnieszka</p><p>If you have grown up in a family with no opportunity to express your emotions freely, you may simply have difficulty not just communicating your feelings, but even identifying what you feel. In the world of trading, there is often a prevailing belief that emotions should be completely eradicated from the equation. Many traders buy into the notion that to succeed, they must become emotionless machines, unaffected by the highs and lows of the market. This mindset can lead them to avoid acknowledging or even identifying their emotions altogether. And because they strive to push their emotions aside, believing that doing so is the key to making rational, unemotional decisions.</p><p>[00:12:39] - Agnieszka</p><p>They don't even notice that they have an expression issue. Many times, people develop alternative coping mechanisms for dealing with emotions. For example, some people use humor when traders feel pressured to suppress or ignore their emotions. They also develop alternative coping mechanisms to navigate the emotional roller coaster. These mechanisms can take various forms, from over-trading in an attempt to numb emotional discomfort with constant action, to turning to external distractions or even substance use as a temporary escape.</p><p>[00:13:16] - Agnieszka</p><p>These coping strategies may offer brief comfort, but rarely provide lasting solutions. In fact, they can compound the emotional challenges over time and potentially lead to more impulsive decisions and more trading losses. Another way to handle emotions is simply pretend you don't have them, rather than directly expressing what you feel. The only thing with pretending is that it doesn't make the feelings go away. In fact, it can actually intensify them.</p><p>[00:13:51] - Agnieszka</p><p>A classic example of this is anger. Many people believe that it is better to temp down anger than express it. It is true that we need to control our emotions to some extent for our everyday interactions. Just imagine for a moment a world where every time we experience anger, frustration or irritation, we immediately acted upon these emotions without any restraint. It is not very hard to envision the chaos and the discord that would follow, right?</p><p>[00:14:24] - Agnieszka</p><p>In this sense, temporary suppression of our immediate reactions is not only beneficial, but often essential for maintaining social harmony. However, here is where things get intriguing. When we simply suppress our emotions in the moment, but fail to revisit and process them later, we unintentionally engage in a form of emotional suppression. It's like putting a lid on a boiling pot without ever allowing the steam to escape. Over time, this emotional pressure can build up much like a pressure cooker, ready to release its accumulated steam explosively.</p><p>[00:15:09] - Agnieszka</p><p>Have you ever found yourself suddenly exploding in anger or frustration with seemingly no apparent reason or trigger? This experience is not uncommon, and it often stems from the buildup of suppressed emotions. It's as if those emotions have been lurking beneath the surface, waiting for the slightest provocation to erupt. But here's the kicker. Suppressing your emotions doesn't just impact your immediate social interactions.</p><p>[00:15:40] - Agnieszka</p><p>It can also have a profound effect on your internal well being. Did you know that it can contribute to increased stress levels? Stress, as many of us are well aware, is a silent and pervasive force that can significantly affect various aspects of our lives, including our performance in high pressure environments like trading. Now, let's tie it all back to our main focus trading. Could it be that unaddressed emotional suppression is lurking beneath the surface, quietly adding to the stress and challenges you encounter during trading?</p><p>[00:16:25] - Agnieszka</p><p>And if so, isn't it essential to recognize that understanding emotions, processing and effectively managing them should be your main focus as a trader? Suppressing emotions isn't just an abstract concept. It also has tangible physiological effects on our bodies. While short term suppression typically doesn't cause lasting problems, it's something you can certainly feel if you have ever treated yourself to a deep tissue massage. Stress, often a result of emotional suppression, can tighten your muscles, leaving you feeling physically tense and knotted.</p><p>[00:17:10] - Agnieszka</p><p>But the real concern comes when emotional suppression becomes a long term habit. Remember, unexpressed emotions don't simply vanish, they linger within your body. They are like uninvited guests that are staying longer than welcome. And over time, they can manifest as damaging physical and psychological effects. Some traders, for example, find themselves struggling with anxiety, depression and other stress related illnesses.</p><p>[00:17:45] - Agnieszka</p><p>In some cases, suppression can even pave the way to addiction, as people turn to substances or harmful behaviors as a means to cope with the emotional anxiety they avoid facing. Did you know that statistically, men are more prone to substance addiction than women? Could that be related to emotional suppression that is more common among men than women? Before we move on, I want to clarify one crucial point here. Suppressing emotions is not a form of control or management.</p><p>[00:18:25] - Agnieszka</p><p>It's more like pushing those emotions away, hiding them deep within our subconscious, and operating in a state of denial and unawareness. It's a practice that keeps us emotionally unconscious. Now, for those among you who may believe in the idea of becoming a mechanical trader, one who completely eliminates emotions from the trading equation, let's pause for a second. Because even if you make changes to cut down on negative emotions, it won't eliminate your stress triggers. That means that if you have any suppressed emotions, you will still need to find a way to deal with them.</p><p>[00:19:12] - Agnieszka</p><p>So instead of striving to eliminate or to suppress emotions from your trading, I encourage you to consider a more effective approach. Emotions, after all, are a part of being human. They provide a zest, the passion and the joy in our lives. And they can be valuable allies in trading when put to use effectively. Rather than avoiding them, aim to use your emotions flexibly and intelligently in your trading journey.</p><p>[00:19:47] - Agnieszka</p><p>Consider this: what if the reason you struggle to control your emotions in trading is simply because you are not genuinely acknowledging them? What if the root of your trading challenges lies in your reluctance to admit what you're feeling? Keep in mind that you cannot manage or control something if you refuse to confront it or even look at it. So regardless of your upbringing and the baggage you may carry, isn't it worth the risk to embrace your emotions if it means improving your trading results? Emotions are the essence of our humanity, the vivid colors that paint the canvas of our life.</p><p>[00:20:39] - Agnieszka</p><p>Being emotional is neither a side of strength nor weakness. It's a natural aspect of human experience. They are signals between our brains and our bodies. Ignoring your emotions is like disregarding a vital system in your body. It's like ignoring the signals from your digestive system telling you it's time to eat.</p><p>[00:21:04] - Agnieszka</p><p>Imagine brushing aside your body's call for nourishment, for weeks, months or years. It's simply unthinkable, right? The point here is your emotional guidance system is as integral to your being as any other physiological system. It's not something to dismiss or ridicule. It's part of your humanity that deserves acknowledgment and understanding.</p><p>[00:21:34] - Agnieszka</p><p>And by allowing yourself to feel your emotions and extending compassion toward yourself, you will take a leap forward on your trading journey. Because you will realize that the only thing you are fighting with right now in your trading is yourself. Your own resistance. Just think about it. Most people choose to become a trader to achieve freedom.</p><p>[00:22:01] - Agnieszka</p><p>Many want to become independent from others, having nobody tell them what to do. Being your own boss, what if this has something to do with not wanting to be confronted with yourself? I don't know about you, but in my experience, when you engage with other people, they have the ability to somehow trigger emotions that usually don't get triggered. When I am on my own, does that ring a bell? Usually, other people are a very good mirror, reflecting your behavior that you don't really want to see from yourself and confront.</p><p>[00:22:41] - Agnieszka</p><p>And maybe you're thinking right now, no, that's definitely not me. Well, I invite you to just observe that resistance and see what is being triggered. But I get it. It could be scary to confront your feelings. After all, there was a reason to hide them in the first place.</p><p>[00:22:59] - Agnieszka</p><p>And most traders don't even want to hear that. They need to work on their mindset, let alone their emotions. Can you imagine a headline? If you want to become a successful trader, you first need to learn to talk about your emotions. There would not be a good advertising for the trading industry, and I bet this would make trading much less popular, especially among men.</p><p>[00:23:25] - Agnieszka</p><p>But the truth is, whether you want it or not, trading will force you to reconnect with your emotions. And your trading success depends on how soon you allow this process to happen. And for those of you who still may believe that emotions are somehow reserved for one gender, it's time to embrace the duality within all of us. Within each of us, there exists a spectrum of experiences. The positive and the negative, the feminine side and the masculine side.</p><p>[00:23:59] - Agnieszka</p><p>The yin and the yang. These dualities coexist within us, each complementing the other, creating a rich tapestry of human experience. You cannot fully understand how you can make rational decisions if you don't understand how you make the emotional ones. Remember, the path to grow often entails a challenging climb. But the view from the summit is worth every effort.</p><p>[00:24:29] - Agnieszka</p><p>When emotions shake you and throw you off balance, view it as an opportunity to strengthen your purpose and to refocus. Stay nonjudgmental toward what you feel. Stop calling yourself names when things get rough. And when you feel frustrated or angry about another loss or mistake. Just take notice of the emotion you feel.</p><p>[00:24:54] - Agnieszka</p><p>Pay attention to the actual sensation in your body, and instead of putting label on it, start writing your observations in a journal, right there in the heat of the moment. It will help you to understand what is happening within you. On a deeper level, it will take your focus away from reacting, and it will give you a chance to decide about your next step. There is no need to fear emotions. They are fleeting anyway, flowing through you like passing clouds.</p><p>[00:25:30] - Agnieszka</p><p>They are here to guide you, to help you grow. With every emotional experience, you stand at the crossroads. How will you choose to act? Will you react or respond? Emotions illuminate what truly matters to you and offer invaluable insights into your inner world.</p><p>[00:25:53] - Agnieszka</p><p>Embrace them. They are the compass that points the way on your journey of self discovery and trading mastery. Indeed, self awareness and care are your allies on the path to mastering your emotions. To truly harness the power of emotions in your trading journey, you must remain aware of their presence. When emotions arrive, don't shy away from them.</p><p>[00:26:21] - Agnieszka</p><p>Instead, greet them with curiosity and an open mind. Take a moment to study them. How do they make you feel? What messages do they carry? Emotions are like messages from your inner world, each one offering valuable insights into your thoughts, beliefs and triggers.</p><p>[00:26:43] - Agnieszka</p><p>It is essential to understand that you don't need to act on every emotion you experience. Emotions serve as signals, guiding you through the landscape of your internal world. Feel them, acknowledge them, and then allow them to pass like ripples on the surface of a lake. Mastery comes from a place of openness and acceptance, and I hope that you now feel inspired to dare to open yourself up to your emotions, to allow them to be for what they are, without judgment or resistance. Embrace the full spectrum of your emotional experience, and in doing so, you will find a new level of joy, resilience and clarity in your trading journey.</p><p>[00:27:34] - Agnieszka</p><p>So I want to offer you this as food for thought. Imagine your emotions as transactions in the market of your inner world. Just as you enter and exit a trade with precision, emotions enter and exit your consciousness. It's a dance of energy, a constant ebb and flow. Your emotions come and recede, much like the exhalation of a breath.</p><p>[00:28:02] - Agnieszka</p><p>The energy that once searched through you now retreats, creating space for reflection and decision making. And then, just like a new trade presenting itself, fresh emotion emerges. It's the cycle of trading, the heartbeat of your journey. The key to trading success lies in embracing this rhythm, in allowing your emotions to move freely within this cycle. To navigate the market with competence, you need to navigate your emotional landscape with skill and precision.</p><p>[00:28:41] - Agnieszka</p><p>Be present, be mindful, and let the emotional energy flow through you. Let it in and then release it. Let it go without clinging or resistance. Trust that the cycle will continue, just as the market always provides new opportunities. Remember, in the world of trading and emotions, you are the master of your inner market.</p><p>[00:29:07] - Agnieszka</p><p>Embrace the flow, trust the process, and let each emotion be a valuable transaction on your path to trading excellence.</p><p>[00:29:19] - Agnieszka</p><p>Thank you for listening to the Confidence in Trading podcast. If you are enjoying my show, if the insights I share here resonate with you, I would like to ask you for a small favor. Your feedback is invaluable to me and it helps me continue to deliver high quality content that empowers traders like yourself. So please take a moment to leave a review on Apple podcasts.</p><p>[00:29:43] - Agnieszka</p><p>Your review not only brightens my day, but also helps other traders discover the show. Don't forget to hit the subscribe button as well so you can come back for the next episode. Your journey to becoming a more confident and successful trader is very important to me, and I am here to support you every step of the way. If you are interested in gathering more insights in trading psychology, be sure to visit aheadcoach.com and check out my newest online course, Unlock Your Trading Mindset. This course is the first step for anyone who seek consistency and long term </p><p>results in trading.</p><p>[00:30:27] - Agnieszka</p><p>You will learn how to truly make a difference in your trading results. I am Agnieszka Wood from Ahead Coach, and I look forward to seeing you in the next episode. Bye for now.</p><h1> </h1>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="29640873" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/12a24cee-7f51-40d8-a120-386fda4c058d/audio/3e5036e0-10bb-4895-96af-549d9b47c714/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Emotional Control or Mastery</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:30:52</itunes:duration>
      <itunes:summary>In this episode of the Confidence in Trading podcast, host Agnieszka Wood explores the intricate relationship between emotions and trading decisions, shedding light on the high failure rate among traders and the unique challenges faced by male traders. She discusses how societal norms and traditional masculinity often leads to difficulty in navigating the challenges of controlling emotions in trading. </itunes:summary>
      <itunes:subtitle>In this episode of the Confidence in Trading podcast, host Agnieszka Wood explores the intricate relationship between emotions and trading decisions, shedding light on the high failure rate among traders and the unique challenges faced by male traders. She discusses how societal norms and traditional masculinity often leads to difficulty in navigating the challenges of controlling emotions in trading. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>15</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">5f603c9b-1176-42bd-b4fa-e4042ec6b341</guid>
      <title>The Art of Cutting Losses</title>
      <description><![CDATA[<p>In this podcast episode, host Agnieszka Wood interviews Jermaine McGruder, known as The Strat Soldier, about the art of cutting losses in trading. Jermaine, a former army soldier with 20 years of experience, shares his journey in trading, emphasizing the importance of protecting capital and following a disciplined approach. He advises traders to focus on their setups, set proper stop losses, and prioritize capital protection. Jermaine also discusses the recent passing of Rob Smith, the creator of The Strat, and how he and the trading community are continuing his legacy by trading The Strat and sharing their knowledge with others. The episode provides different perspectives that traders can use to shift the way of experiencing the market.</p><p><br />Furthermore, Jermaine and Agnieszka delve into various aspects of trading, including the significance of recognizing trends, understanding price action, and analyzing multiple time frames. They stress the importance of discipline, following trading rules, and avoiding emotional reactions to losses. The conversation also touches on the challenges of trading. It provides valuable insights into the emotional and psychological aspects of trading, managing emotions and emphasize the importance of accountability and vulnerability.</p><p> </p><p><strong>About Jermaine McGruder</strong></p><p>Jermaine McGruder, also known as The Strat Soldier, is a passionate trader and experienced educator. Jermaine embarked on his journey with The STRAT in 2019 and quickly honed his skills, becoming adept at both trading and teaching this methodology. His guidance has empowered seasoned traders to curb significant losses and has equipped newcomers with the ability to identify buy and sell signals confidently.</p><p>Jermaine's teaching philosophy centers on enabling individuals to trade based on their convictions and take actionable signals without succumbing to significant losses. Drawing from his extensive 20-year military background, Jermaine brings a wealth of leadership and training experience to his teaching approach. Whether on the battlefield or in the world of trading, he excels in leading and educating individuals, making him a valuable asset in The STRAT community.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p> </p><p><strong>Contact Jermaine McGruder:</strong></p><ul><li><strong>Podcast:</strong> <a href="https://podcasts.apple.com/us/podcast/in-force/id1661703589">InForce</a></li><li><strong>The Weekend Show:</strong> <a href="https://stratalerts.com/">The Weekend Shift</a></li><li><strong>Twitter</strong>: <a href="https://twitter.com/CyberDog2">@Cyberdog2</a></li><li><a href="http://thestratsoldier.com/">Website: http://TheStratSoldier.com</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>[00:00:02] - Agnieszka</p><p>I am Agnieszka Wood. Welcome to the Confidence in Trading podcast. Let me introduce my special guest on today's show, Jermaine McGruder, aka The Strat Soldier. You might recognize Jermaine from his very popular Strat webinar with Benzinga that has gained over 70,000 views, or his appearance on first trade show with Rohan Makhecka in June 2021. And if you are a podcast fan, you might know Jermaine from his show In Force, where he looks at the markets through the eyes of The Strat and his weekly Saturday show, The Weekend Shift. As you might have already figured out from his nickname, The Strat Soldier, Jermaine has been in the army for 20 years and has worked with hundreds of soldiers in various environments. And as he puts it, leading and training is what I do. I invited Jermaine to my show to talk about the one aspect of trading that hurts traders and their bottom line the most. Welcome to episode number 14, the Art of Cutting Losses. Hi, Jermaine. Welcome to my podcast, and thank you so much for making the time for joining me today.</p><p>[00:01:18] - Jermaine</p><p>Thanks for having me. Thank you so much, Agnieszka. This is awesome. This is really cool. I love meeting new people and also, of course, talking about The Strat and then the whole idea of cutting losses. Perfect idea. I love it. I love it.</p><p>[00:01:31] - Agnieszka</p><p>Fantastic. Jermaine, you have been trading The Strat since 2019, and you have been a leader at Sepia Group with Rob Smith since September 2021. May he rest in peace. His sudden departure must have been pretty hard for you, and I cannot even begin to imagine the impact on the trading community.</p><p>[00:01:51] - Jermaine</p><p>Yeah, it's been tough. It's been real tough. Rob was always a character. That's what we loved about Rob. So when are, you know, I'm not feeling well. I'm not doing this or that. We all were. You know, rob's going through his own little inside know to use some trading. You know, we're like, he's going inside bar right now. He's going to be okay, and he'll reverse back to the upside. He'll be fine. It was a little bit of a shock that he didn't pull through because he was such a character, so funny, and he always found a way to figure it out. So, yeah, very sad. But we are going to keep Rob alive by continuing to trade The Strat and continuing to do what he said to do, which is create those winning positions. Then after you understand what you're doing, show the next person. And that's been my motivation since the beginning of all of it, is to show other people how to not get killed in here and not blow out accounts, not all these things. 30 years on CBOE, you know what I mean? 30 years on the floor and doing what he does.</p><p>[00:03:02] - Jermaine</p><p>And it's amazing for him to just talk to regular people and teach regular people how to do I say regular people, but we're all regular people. I'm just saying to talk to an average person and say, okay, this is how stocks work. It was an amazing skill to learn, and I hope to keep passing it on to other people.</p><p>[00:03:23] - Agnieszka</p><p>That's amazing and really wonderful that you're passing on the legacy. And I really regret I never had a chance to meet him personally, but I've heard so much good about him and about his strategy. I actually interviewed few months ago, Ben Okopnik, who is also trading the strategy. That's how I actually heard about Rob. So, yeah, big loss. So you have been trading the Strat for a relatively short time, and you managed to become not only proficient in it, but also good at teaching it. Can you tell us a little bit more about your trading experience and what's your secret?</p><p>[00:04:05] - Jermaine</p><p>Oh, the secret is there are no secrets now.</p><p>[00:04:09] - Agnieszka</p><p>That's the best one.</p><p>[00:04:11] - Jermaine</p><p>That's the best one. The secret is just trading what's actually happening on the charts. And that can be difficult because you have to be able to tell yourself the truth. Like, you can draw as many lines on your charts as you want. You can have all the indicators and all the squawk boxes and community leaders and people telling you what you need to do, but you're still the one that has to hit the button, right? You're still the one that has to go, okay, we're going. This is my entry, this is my exit. This is what I'm going to do. And I think that's when trading kind of really clicks for most people when they go, okay, I know what everybody's saying, but what do I really see on the charts? I know what the news is saying, but what do I really see on the charts? What do I see really happening? Are they really buying it or are they really selling it? And some people don't know at all. Some people are like, Well, I don't know, how did you figure it out.</p><p>[00:05:12] - Agnieszka</p><p>In such a short time?</p><p>[00:05:13] - Jermaine</p><p>Yeah, I'm trying to get into that. When I first started trading back in 2019, way before the Strat, I was working with a buddy and I was like, man, I want to get into stocks. It sounds like something I'd want to do. And so he introduced me to Robinhood and he's like, yeah, it's easy. There's no account minimums. You just put your money in here, and then once you get your money in there, I'll show you how to start doing it. So he starts showing me how to find stocks, how to buy stocks, and I'm thinking, I'm doing pretty good, I'm doing all right. And for the first few months, I was doing really well. Of course, things were all trending to the highs, so I didn't realize how easy it really was. And then he starts talking about options because I'm like, well, I want to make more money. I'm doing pretty good. I want to make more. So he starts talking about options, and then that was a whole nother ballgame. That with only a few months experience, I shouldn't have been messing with. But I didn't know that at the time.</p><p>[00:06:08] - Jermaine</p><p>I just had my buddy saying, hey, this is how you do it.</p><p>[00:06:11] - Agnieszka</p><p>That's how you become millionaire in a short time.</p><p>[00:06:14] - Jermaine</p><p>Yeah, that's how you do it. Yeah, that's how you make millions. And then he showed me buying options into earnings reports. I'm like, okay, so that was not a good deal. That was not a good idea to do. But he told me, you know what I mean? So the one example I always talk about is Twitter. I bought all these calls into Twitter because Twitter has never missed an earnings. And this is all the way before, back in 2019. So I read all this yahoo news. I read all these articles. I read all this stuff. And so I buy calls because they never miss. Well, this is first quarter of 2020. Yeah, they missed last quarter. They missed big, and boom. And I lost half my account at that time, and honestly, it was around $500. But me being a brand new trader, that's a big deal. That's a huge deal for me. Wait a minute. Hold on a second. Now, this is not why I wanted to start trading. And so, you know what I mean? I had to deal with that with myself, and I had to deal with that with because I had to talk to my wife, too.</p><p>[00:07:23] - Jermaine</p><p>I'm like, I told you, I'm not getting in this to gamble. I'm not getting in to just throw away money. But this loss happened, and I stopped trading. I didn't quit. I just stopped, like, let me find a coach. Let me find somebody that can help me out. 2019. And that's when I found Rob in October of 2019. So I apologize for the timeline there, but that's when I found Rob, and I found some articles on Instagram talking about these scenarios. Scenario one, scenario two, scenario three. And this is how we know when to get in and when to get out. So I read his article. What do we know to be true about Price action? And that was a great article, and I learned more in that one article than all the YouTube videos I was watching about how to trade. And then that's when I joined his live room, and that's when, okay, things started clicking for me, because I knew when to get in, because Rob was helping. Of course rob's helping me. He's coaching me. But I got to a point where I started to know, okay, this is when I need to get in, and this is when the trade is not going well.</p><p>[00:08:25] - Jermaine</p><p>I need to get out. The system is telling me to cut it. Once I started knowing where to put my entries and where to put my stops, things started moving in the right direction, and then I started gaining confidence in my trading because I knew, like you said, when it started clicking for me is when I started trusting, okay, this is where my stop is at. And if it goes below this, I need to cut it. I need to get out, but if it sets back up, I can get right back in. But I'm protecting my capital. That was big for me, just protecting my capital. That's when it started clicking. You know what I mean? I don't need to throw a whole bunch on. I don't need to rush in the stuff. What are my actual setups? What is telling me to get in.</p><p>[00:09:18] - Agnieszka</p><p>Was that the impact of that first big loss which was a lucky loss in this case if the impact was I need to protect my capital because from experience, from my own experience. And also what I see from other traders, it's not that easy just to stick to your stop loss and actually even putting a stop loss right, because most traders think, how much am I going to make on it? And not so much I need to protect my capital in the first place. So how was that for you that you actually were so disciplined and you say, okay, I know I need to do it, and I'm just going to do it.</p><p>[00:09:53] - Jermaine</p><p>Yeah, the military definitely helps because there's a certain set of rules. Like, if you want to be effective in this, here's steps one through whatever this is. How one through five, for example, of a conversation. Here's the steps on how to do this event or how to be good at this training event. And you got to do it a certain way. And so when I sat down, I started, okay, what are my losses really coming in at? What's not working for me, and anytime it wasn't working for me is when I moved my stops down, not putting in a stop. And then another thing for me was knowing that options were not where I wouldn't needed to be at. Trading options was or is still a lot. It's not as easy as people say it is. And like you said, I've only been trading since 2019, and so I stick to common shares. And so the people that I work with, I tell them, stick to common shares. Why? Because you can put in a hard stop. I can put in a hard stop and go, okay, I'm taking this hammer on a weekly signal to the upside.</p><p>[00:11:02] - Jermaine</p><p>But here's where I'm getting out at. If it drops down too far and sometimes you get stopped out and you're like, I wish I would have stayed in because it went right back up the next day. But how many times have we also had experiences where you had no stop and it gapped way down, you know what I mean? Or you're shorting something and you had no stops, and it's gapping way up on you and you don't know.</p><p>[00:11:29] - Agnieszka</p><p>Yeah, you cannot trust the situation, what the market does. But the worst part, I think, in that is also when you don't have a stop and then it goes lower than your price and then your imaginary stop. Then the way you start talking to yourself and saying, yeah, but last time it did go back, so I'm just going to wait, right? Okay, it didn't happen today. Maybe tomorrow. And then before you know, you're just too late.</p><p>[00:11:56] - Jermaine</p><p>Yeah, you're too late. And you're just staring at it. It's like the deer in the headlights look. You're just do I when do I need to get in? When do I get out? Like, for example, today on Roku, I know we're not looking at charts, but today on Roku I got stopped out on Roku yesterday on a signal to the downside. I'm like, okay, I'm getting puts. And yesterday we all seen the market just kind of rally slowly back up on the 60 Minutes charts. And I'm like, what is this? And I got a job. I got a full time job, just like a lot of other traders. And I'm like, I got to get out, so I cut my losses. And then today this thing goes engulfing bar. Scenario three to the I'm trying really hard not to talk about Jargon, but.</p><p>[00:12:40] - Agnieszka</p><p>Scenario no, don't worry, this is for traders. So I assume that a lot of people who listening, they will understand what you're talking about.</p><p>[00:12:48] - Jermaine</p><p>Yeah, so they got this big engulfing bar on the day on Roku to the downside, and I didn't get back in. I'm working other then there's that situation again, I should have just held it. I should have just held through. So again, that's that discipline. Because I tell people, if you break your rules on this trade right now, you just take the trade. Because you know there's really not an entry. You're just taking it, or you're just going to jump in. I'm not putting any stops or you over leverage. You're just doing whatever you need to, and it's a winner. Okay, let's just say it's a winning trade, and we'll go with the positive side. First it's a winning trade, but then the next time you take a trade, you say to yourself, you automatically create that doubt. You go, okay, am I going to break my rules this time? Is this time going to be the time that works? This is where I'm supposed to get in at, and this is where I'm supposed to put my stops. But last time I just jumped in, so I just jump in and then it doesn't work.</p><p>[00:13:54] - Jermaine</p><p>Yeah, and now you have this cycle of trusting yourself, not trusting yourself, following your rules, not following your rules. I just got to the point where I was like, I'm putting my stops here. I'm going to trust the system, and if I have to get out, I will get out.</p><p>[00:14:09] - Agnieszka</p><p>That's so true, because it creates a ripple effect. Right. And I think a lot of people don't realize is that once you break the rule, it's not just this time you're breaking the rule. There is so much more that is going to happen afterwards, the internal dialog, and especially when you win that trade, right. Then it's just going to be more consequences than just this one that connected to this one trade directly. It will be much more. And I think that impact of that, that people are just not always aware or maybe don't want to think about.</p><p>[00:14:43] - Jermaine</p><p>Right. And it's hard to that's the temptation of, okay, well, I broke my rules, I made a lot of money. I broke my rules, now I lost a lot of money. So I just say, just follow your rules. Okay. You know what I mean? Because if you don't, that's when another conversation starts in your head is, okay, well, maybe this system is not working. Well, maybe I need to put in an RSI, or maybe I need to work on MACD, or maybe I need to get in before my two SMAs cross. Maybe if I get in before they cross, it'll just it never stops.</p><p>[00:15:21] - Agnieszka</p><p>Right?</p><p>[00:15:22] - Jermaine</p><p>It never stops. So then that came to the next thing is what Rob always talked about, and we talk about in the straddle, the time, what's actually happening, in the price, what's actually happening. Are they actually buying it or are they actually selling it? And to do that, we look at four different time frames. We look at the month, the week, the daily, and the 60. I'm going to say that a little slower because I say it all the time, but we look at the monthly chart, the weekly chart, the daily chart, and the 60 minutes chart, and we gage participants by price and time. So we're looking at all these time frames as like a multi analysis on these time frames to go. Okay, for example, right now, spy. I'm looking at a chart of spy, and it's inside on the month, and it's red. We look at the week, it's trading below last week's lows. It's two down. We call that scenario two down on the week. Two two continuation down. There's more selling happening on the week, which was reconfirming what we're seeing on the month that they're selling. And then on my daily chart, in my 60 minutes charts, it's red, they're selling it.</p><p>[00:16:32] - Agnieszka</p><p>Right.</p><p>[00:16:32] - Jermaine</p><p>Okay. So I don't need to be getting in here and going, maybe it's time to buy.</p><p>[00:16:38] - Agnieszka</p><p>Yeah. They say that when the blood is on the street, I need to buy.</p><p>[00:16:41] - Jermaine</p><p>Yeah, exactly. Buy. When everybody is afraid. Yeah. So then you buy. And I talked to a trade about this yesterday. Again, I'm looking at my charts. I talked about a trader yesterday because I was frustrated. There's a couple of traders that are frustrated. They were like, okay, well, we had a reversal on the 60 Minutes charts, but we still made a lower low and we made another lower low today we got all the way down to 445 on the 60 minutes charts. And that can be very I'm going to say annoying. But again, that's where our stops come in at. Because if I have that hard stop and I can say if things go wrong, I'm out, right? I'm getting out. And if you're good at options or you're good at shorting stocks, then you can say, okay, this is where I'm going to short stuff. But this whole week has been just like a yoyo effect. It's been going up, going up, it's been going down, going up. We had Fed talk, we had Energies, we got all kinds of weird stuff going. Post consumer price index and then PPI, a production price index.</p><p>[00:17:51] - Jermaine</p><p>People always say CPI, PPI. They never know what it means.</p><p>[00:17:55] - Agnieszka</p><p>Sorry, I guess I'm so used to using acronyms.</p><p>[00:17:59] - Jermaine</p><p>No, that's great. I I love, love it. It and I tell people all the time, we don't trade the news, we trade the price. So they could say inflation, it's going terrible. Inflation is still going on the highs. Everything costs more. Producing things cost more and things go to the lows. We've also seen these reports come out and the market goes, yes, we know. And it goes back to the highs anyway, right? What is the price actually doing? Is it green or is it red? Red means sell, green means buy. And I know that's a really simple way of saying it, but once I started putting that stuff together, then things clicked. Then things were going I was looking at my trades different, going, okay, I got in here. Are they buying it right now? Are they still buying it? Do I need to push my stop up? Do I need to figure out a way to get out of this?</p><p>[00:18:55] - Agnieszka</p><p>Right? Yeah. The bottom line is that you have to act on what is happening and not what you're wishing that would happen.</p><p>[00:19:04] - Jermaine</p><p>Yes.</p><p>[00:19:05] - Agnieszka</p><p>Because trading, let's be fair, it is based a lot on our dreams, on our hopes, on what we want. And it's just so very easy to fall into the trap that if things are not exactly going the way you want it, that you are trying to control it and bend the reality to what just feels much better for you and that you keep that hope. Right. It's very normal. What we also do in our daily life, we try to control things in market. We just simply cannot. The only thing we need to try to control at least is ourselves and what we do. And when you have a system that you know it works and you can trust, then you don't have to even control the system. It's just you. That's the most difficult part.</p><p>[00:19:52] - Jermaine</p><p>Yes. And as I've been trading the strat and learning other systems along with that, you can do that same type of that you can have that same mentality. You should have that same mentality using indicators because you definitely want the price and the indicator to be going in the same direction. You want the indicator to be reconfirming. Yes, we're going to the highs, right? Yes, I need to stay in this thing, even the whole RSI overbought and oversold thing, you know what I mean? You still want the price and the direction of your indicator to reconfirm each other. Because once you start talking about divergences and I'm going to short it, when this thing is at the highs without any signals and it keeps going to the highs, you're not acknowledging that, yes, they're selling it right now, you know what I mean? And like I said, I want to say heartache. I don't know if that's the right word, but that's been the frustration and frustration on trading in the last couple of days. Last few days of this week, anyway, because the price is just gapping up and gapping down and then just kind of moving in a direction that's hard to stay in.</p><p>[00:21:05] - Jermaine</p><p>And you could ignore the price, stay in your position and go, it's not telling me to get out yet, but you have to know your system.</p><p>[00:21:14] - Agnieszka</p><p>Exactly. And I appreciate that you're actually acknowledging sometimes it's just hard to trade and to look what this price is doing and try to figure it out, what it's going to do, right? Because the indicators sometimes, okay, the stock is overbought or oversold, and now you're saying to yourself, yeah, it should come down, right? So let me short it. It should come down. It's enough. It went up so much. Now I think it should come down and then you start fighting the trend. So it's just not always or most of the time not what we think. Because we have wishful thinking a lot of times.</p><p>[00:22:01] - Jermaine</p><p>Yes. I was talking to some traders, and I guess we're all talking about Nvidia. I think Nvidia is a good example of what you're saying because once Nvidia had that great earnings and everybody can go look at your charts at home around June 14, no, around May 26. We got May 30. May 30. It got all up to 420. It got all up to 420 and it was like, there's no way it can go any higher. This is it. It's at all time highs, it can't go any higher. So people are like, well, I'm going to short it now. And I'm like, well, don't do that without actionable signals, you know what I mean? You want to know like a shooting star, we call them shooters or reversal on a daily time frame or weekly time frame that lets you know this is going down. And you did have a reversal from May 26 to may 30. Let me see here. Let me say that, right? May 30 and May 31, you had a reversal to the downside. It went all the way down to 378. I'm sure these people are like, yes. Told you.</p><p>[00:23:09] - Jermaine</p><p>See, start shortening it's over, right? Yeah, I was right. It did good. And that is true. It did do great. But then the very next day went right back up and you had a reversal right back up and it got all the way back up to 401. So now you're thinking, okay, I started shorting this thing below 400. It went all the way down to 378. I didn't take any profits. The very next day it gets all the way back up to 400. You have to look at it and go, what is it really doing? They're buying. And then you're like, well, my indicator is still saying it's overbought. It has to come back down. And to hold through all that pain and frustration and doubt, it's really hard. I'd rather you take your profits on that one trade, take a victory awesome and just cut it and then move on. And if it sets back up again and starts moving down again, then you can get back in. But now Nvidia got all the way back up to 483. There's a trader, I'm sure there are some traders out there that says, I'm just going to keep shorting it no matter what.</p><p>[00:24:18] - Jermaine</p><p>I know it's going to the highs, but it's overbought. I'm just going to keep shorting it. And have they been holding since 390 all the way up back up to 482?</p><p>[00:24:27] - Agnieszka</p><p>I hope not.</p><p>[00:24:29] - Jermaine</p><p>And now it's at 429. They're hoping that they get their money back.</p><p>[00:24:33] - Agnieszka</p><p>Yeah.</p><p>[00:24:36] - Jermaine</p><p>I always speak to the average person as well on these trades because you got to know, I tell people like, you're not Kathy Wood, you can't just keep averaging down on your stuff. Nothing against Kathy Woods, but you can't keep averaging down on your trades until it means nothing. Like, I don't have that type of capital and some other people don't either. But some people do and they can keep doing that. But I'm like only losers, average losers. So if you just keep averaging down thinking it's going to go to zero, I'd rather you just cut this trade. It went well. I didn't take profits. It's going back up. I'm acknowledging what the price is doing and I need to get out of this thing because that's also going to give you confidence as well when you have a winning position. I got in here, it went exactly where I said it was going to go. I need to move my stops toward the direction of the price, and I want to hold my winners keeps going in the direction I want it to go, but I'm going to push my stops up toward the price so that if it starts going the other way, I take some profits.</p><p>[00:25:45] - Agnieszka</p><p>Exactly. And it's a very simple principle. If you want to be a winner, stick to the winners, right. Stick to the people that represent who you want to be and where you want to get to. So sticking to the loser is never a really good idea if you want to be successful.</p><p>[00:26:00] - Jermaine</p><p>Trader yeah, here's a good analogy, analogy I have on trading. Let's just say you want to have five winning positions. Five winning positions. And here's my entries, 12345. They're in there and so far they're going great. And it's kind of like inviting people over for a party. You got five people come over, you got the drinks, you got the music, you got the right atmosphere, everybody's having a good time. And then all of a sudden two of these guests start having they started having a little argument about, I don't know, maybe the music. They don't like the music because this artist has politics. Sale I'm not going to talk politics here, but they start having a conversation. They're not having a good time. Now these two guests have an attitude now and they're kind of bringing down the mood of the party. They're not dancing now. They're like now they're complaining about the drinks, they're complaining about the food and let's just say the party. But the other three guests, they're having a great time. They're engaging, they're telling jokes, they're having fun. And let's say by the end of the night, you're like, I have a house big enough, everybody gets their own room.</p><p>[00:27:15] - Jermaine</p><p>We're going to spend the night. Are you going to let these other two people that are not having a good time spend the night?</p><p>[00:27:21] - Agnieszka</p><p>It's such a great metaphor.</p><p>[00:27:25] - Jermaine</p><p>How much confidence that you have that they're just going to sleep it off and in the morning they're going to do better. So you let everybody spend the night. Everybody's got their own separate rooms. They spend the night, all the blankets, everything's great, temperatures are great. They wake up in the next morning and you're hoping that these two come out of their rooms having a good time. You know what I mean? They're happy. They got over whatever was going on, and you feed them pancakes and everything is great. But in reality, what's probably going to happen is the three people that are having a good time, they're going to come out and continue to have good breakfast and then have a good day. And the other two are going to be worse. They're going to be worse than they were before. That's a metaphor I use for trading. Like, I got three positions, I got five positions. They're doing great. Three are winners. Two of them are going red, okay? Two of them are red. And I'm looking at the charts and there's no evidence that I need to be holding these positions. I need to cut them because if you let them stay at the party long enough, they're.</p><p>[00:28:27] - Jermaine</p><p>Going to ruin the profits that you're gaining from these other three trades. Yes. And what a lot of people do is they'll say, okay, well, these three trades, they're doing great. I'm going to go ahead and take profits on these three. They were great. And then I'm going to hold these losers, and hopefully they'll come back. All right, go back to the analogy here. The three people that were having fun, they were dancing. You got to a certain part of the party, you're like, okay, guys, have a good night. You guys can leave. And then the other two that are having a bad time, you guys can spend the night, and hopefully tomorrow you'll have a good right. I'll make breakfast, we'll go to the movies. It'll be fun.</p><p>[00:29:09] - Agnieszka</p><p>No, it's not going to happen. And you have to put so much more energy into it, which would, in trading, it would translate. Most likely, you would come up with this idea, I'm just going to add to it. Right? I will put just more capital into it so I can average down, make things better. They never become better.</p><p>[00:29:27] - Jermaine</p><p>No. Yeah. Now, your guests that spent the night, they complained that you put too many blankets on them. That the music that you put on for them to sleep, too, they weren't really into it. And then the breakfast that you made for them is terrible.</p><p>[00:29:40] - Agnieszka</p><p>Yeah. And I remember years ago, what I used to do, I was lying to myself that, you know what? Maybe I just get rid of one, then the other one will come around. So I would sell half of my losing position and then kept the other half, hoping that when it comes down even more, I had those strategies all thought out in my head. When it would come down even lower, then I can add back the half I'm selling now, and then this will become profitable. No, because I was taking on that half. The loss, that was like, twice as much than the original loss. It was just once you start, it just never ends. Just gets worse.</p><p>[00:30:19] - Jermaine</p><p>Yes, it does just get worse, I would say. But I also say it starts the cycle. When it does work, sometimes when you're like, okay, I'll sell half. And then you get an actual signal, and it goes back up, and you're like, then you buy, and it does work. So you're like, okay, well, this worked.</p><p>[00:30:37] - Agnieszka</p><p>All right, this worked. I'm just going to start averaging down.</p><p>[00:30:40] - Jermaine</p><p>What I'm doing now. But then when it doesn't work, you're just like, oh, my goodness. At the beginning of the year, the beginning of the year, you look at Spy, it was really tough. Everybody's like, I'm going to keep shorting the market. I'm just going to keep shortening it. But we just kept creeping back up. Right. And then actually, from November of 2022 to March of was just trading sideways. If you look at the monthly chart, just trading sideways. So nobody knew what to do. Everybody's just like, what are we doing here? And that's in the strat. We were just like, okay, until we get a reversal on, we're going to go for the things that are taken out last month's highs. We're going to go where the buyers are. When Spy was red, we were like, okay, let's look at things are taking out yesterday's lows or last month's lows. Let's short those and to try to stay with the trend. You know what I mean? Always acknowledge what the trend is actually doing. But then April comes in. We actually get a reversal back up on Spy above March's highs. Two two reversal back up.</p><p>[00:31:52] - Jermaine</p><p>We call that two two reversal back up. It's been going well since then. And we used AI to say, yes, this is why we're buying. Because of AI. I don't think it's because of AI. The institutional buyers got sick of the downside. They got sick of, we need to pick a direction. And they chose. And things started going to the highs.</p><p>[00:32:14] - Agnieszka</p><p>The new buzzword, AI. Like, whoever drops AI, the stock pops.</p><p>[00:32:22] - Jermaine</p><p>This podcast uses AI and 10,000 more viewers for you.</p><p>[00:32:29] - Agnieszka</p><p>It's so funny because I saw this also in earnings, like conference calls, everyone drops the word AI.</p><p>[00:32:37] - Jermaine</p><p>Wow.</p><p>[00:32:38] - Agnieszka</p><p>Oh, my God. This is going to be the next big thing.</p><p>[00:32:41] - Jermaine</p><p>Kroger, the grocery store. Kroger was talking about AI. And you're just like, what? I hope there's not AI picking my groceries out for me or whatever they're talking about. It's crazy. So what I'm saying with all of that is you have to be able to acknowledge the trend no matter what trading system you're using. I use time frames. I look at the month, the week, the daily, and the 60. And I'm looking at, okay, where the buyers are. Where is this price actually going? For a person that uses indicators, you have to be able to look at it and go, okay, what's the actual trend? I know what my indicator says, but what's the price actually doing? Like, for example, right now, SPY starting to reverse back up to the highs after a lot of selling this morning. Okay, I don't know if you've talked about prices on your show, so I don't want to confuse anybody.</p><p>[00:33:34] - Agnieszka</p><p>It doesn't matter. Okay, now we do.</p><p>[00:33:37] - Jermaine</p><p>So the price got taken all the way down to 454 nine. And now currently, did it hit 50 day?</p><p>[00:33:46] - Agnieszka</p><p>No.</p><p>[00:33:47] - Jermaine</p><p>Well, I'd have to turn on the 50 day to see that, but it's definitely below the 14. SMA. I kind of looked at that stuff before the show just to give you guys that do. Look at that. Some indication of what's going on with the price. But everything went low. Everything went to the lows for the first 2 hours, and now it's reversing back up. So again, that's a situation where you go, okay, what's the trend actually doing? I bought these puts. I started shorting the stock, and it went great for the first 2 hours. But what's it doing right now, right now in this moment, it's starting to reverse back up to the highs. So if I had a winning position, I need to push my stops toward the price, and I need to figure out a way to get out so I don't lose that profit. And then on the other side of that is if I was shorting something and I'm not taking profits and I haven't taken profits, and I'm not moving my stops, you need to acknowledge, okay, this is what the trend is actually doing. What evidence do you have that the trend is continuing to go down?</p><p>[00:34:50] - Jermaine</p><p>You know what I mean?</p><p>[00:34:51] - Agnieszka</p><p>Yeah. And from what you're saying, I assume and I actually haven't asked, which probably I should have is you swing trade, not day trade?</p><p>[00:35:01] - Jermaine</p><p>Yes, I'm a swing trader. I have a full time job. I tell people all the time. I have a wife. I have kids. I have a cat. I have two cats. Now, like, I'm busy. I don't have time to look at the charts all the time. But when I do, like today, when I do have time to sit in front of the charts, that's when, okay, you can look at everything that way. You can look at options and things like that if that's what you do. But I am a swing trader. I want to get into a winning position, and I want to stay in that position as long as possible. So I do want to look at those weekly time frames. I like to trade weekly and monthly time frames, and hopefully I get into a position where it continues to go up. And then through the days and through the weeks, I can just keep pushing my stops up, my stop market orders up on my common shares until I get stopped out, because how many times as well you're like, okay, I'm going to go ahead and just take this position and I got a meeting in three minutes.</p><p>[00:36:03] - Jermaine</p><p>So then I go ahead and just buy this stuff, and you go to the meeting, and the meeting is like, meeting. Then you have a meeting after the meeting, and you're like, you can't look at your phone, because that's rude. You can't do that. And you get out of the meetings, and you're looking at this thing, you're like, what the heck? What is that?</p><p>[00:36:21] - Agnieszka</p><p>That was not the idea. I'm supposed to make money.</p><p>[00:36:24] - Jermaine</p><p>Exactly. So that's why I like those hard stops. Again, I use stop market sell orders just to get out. That way, if something silly happens, I'm out. I don't have to man, why didn't I do this?</p><p>[00:36:41] - Agnieszka</p><p>Yeah, I know. Do you check also throughout the day your positions at work?</p><p>[00:36:47] - Jermaine</p><p>Yes, I do. Again, that's the strat. We're always looking at the very next 60 minutes bar that opens up. The market opens at 930. So we're looking at 930, 10 30, 11 30, 12 30 at the bottom of the hour. Because we know that's when the next participation group comes in, we want to know, are they still buying or are they selling? Was it last week when AMD was just like, they are just buying AMD. And it went great for like three, maybe 4 hours, and then they said, okay, sell. And again, that's when we push our stops up and we go, okay, this is where I'm getting out at, you know what I mean? So, yes, I would rather swing trade again with those common shares and be in something and be great and have that confidence in, okay, now it's reversing to the lows. The trend is now reversing. I need to go ahead and push my stops up, and if it continues down, I'm out. I get stopped out in profit, and.</p><p>[00:37:42] - Agnieszka</p><p>I go do something else. Because if the price goes back to your buy price, or hopefully not, but I'm there. It's not just that you didn't make anything, okay? You can tell to yourself, I haven't had anything in the first place, but then everything was for nothing, and you're just frustrated. You lose your confidence in yourself, and it's like, why did I do that? And then the whole revenge trading dynamics comes in, right? Okay, then I'm just going to get in and try it again. So I would really recommend everyone to check the Strat because I know that there are day traders who actually have full time jobs. And swing trading is not something that a lot of day traders see as something sexy. For some reason. It's very different. But swing trading is good. You can make money swing trading.</p><p>[00:38:34] - Jermaine</p><p>Yeah, exactly. So again, looking at participation groups, okay, so again, I gage participants by price and time. So if I'm trading in the month, I got four weeks. That's why I like weekly trades. If this thing goes great for two weeks, maybe three weeks, of course I want it all month. But if I got two weeks that are great, and then it starts reversing the lows, that's two good weeks of trading, you know what I mean?</p><p>[00:38:59] - Agnieszka</p><p>Right.</p><p>[00:38:59] - Jermaine</p><p>So, like, well, that's too much. I want to go day trade. So now you have, what, 20 days of actual trading? And now you have 20 different bars to deal with, okay? And then they're like, well, people just keep reducing their time frames. And then all of a sudden they're like, well, I'm just going to trade 15 minutes bars. But now you have our ten minute bars. If you trade ten minute bars, that gives you, was it 39 different bars to deal with during the day, right? I ain't talking about the week yet. I'm talking about during the day. And that's a whole another participation group. Every time that next bar opens, they have to keep reconfirming the trend or your position, you know what I mean? If they're buying each next ten minute bar opens, they have to keep buying for your position to be going well. And you're like, once it starts going down, once it starts reversing down, you have to deal with that. You know what I mean?</p><p>[00:39:53] - Agnieszka</p><p>Yeah. And the lower the time frame, you open up much more to the dynamics of getting triggered and your emotions and being over trading and being triggered by those swings from up and down. Right? Because then your hopes, your fears, the greed, and everything just comes into play. When you swing trading, you don't see that, right? Especially if you just look at the 1 hour chart from time to time. It's very different.</p><p>[00:40:24] - Jermaine</p><p>Yes, it's very different.</p><p>[00:40:25] - Agnieszka</p><p>It also depends on your, I think, personality, because I day trade. I also have a swing trade account. But day trading is just something that I feel much more comfortable with. But I trade only until 11:00.</p><p>[00:40:41] - Jermaine</p><p>Okay.</p><p>[00:40:41] - Agnieszka</p><p>And then I closed my charts. That's why I didn't know if Spy actually reached it's.</p><p>[00:40:45] - Jermaine</p><p>Moving back up, leveled it's at 446. Right now. 446, 55. But no, I love it. That's great. But that's why I look at the 60 Minutes bars as well, and I tell day traders, you least want to know what's going on with the 60 Minutes bar, because 60 Minutes tells you, this is what's happening right now, right? Then look at your daily chart and go, okay, what's happening today? So in the strat, I always tell people, especially for day trading, you want to look at those 60s you want to look at the 60 Minutes bar, go, are they buying or they're selling? And then on the day, is it green or is it red? You know what I mean? Because that's going to let you know. So I tell day traders, look at the 60 Minutes charts. 60 Minutes charts, because that's telling you what's happening right now. And then the daily charts, what's happening today. If it's green on the day and green on the 60 Minutes bars and you want to go do something crazy on the 15 minutes, you have all the evidence that you need to go, okay, this will continue to the highs because they're buying it right now, and they're buying it today.</p><p>[00:41:50] - Jermaine</p><p>And then you can start working those smaller time frames if that's what you like. But for you to only look at one time frame and go ten minute charts is all I do. You are not seeing all the other you'll see all these crazy. You could look at it later on, you're like, yeah, this was the head and shoulders, and here's the cup, and here's the lip and the handle, and this is where the breakout was. But if you just go to the 60 Minutes chart, you'll go, oh, man, they sold it down for two days. They sold it down for 2 hours and then in the third hour, here it comes. You know what? I may reverse back to the highs or at least the daily chart and go, okay, yeah, I shouldn't have did any of that because they were selling it all day. This was just some fluctuation of yeah, definitely.</p><p>[00:42:34] - Agnieszka</p><p>It gives you a context, right, a perspective. And I think trading is a lot about different perspectives. Whether you're talking about the price or you're talking about yourself, to putting yourself in perspective. Right. What you do, your emotions and everything that you're doing really needs to kind of everything that's personal, you have to put in perspectives to kind of get yourself out of it. Step back and look at what is actually happening here. What am I telling to myself? What am I feeling? What is happening here? So that you don't project it onto the market? Like your dreams, your fears, your losses that you just took because it all doesn't matter.</p><p>[00:43:21] - Jermaine</p><p>Yes, I like to tell people the things that you are the one that determines what things mean. You know what I mean? So if you're just like you take some losses and you're like, I'm a bad trader. Every time I get in, it goes to the lows. And you keep telling yourself all these negative things. It's going to create a process. It's going to create a loop, a habit. It's going to create a habit. And then, so I tell people when you're trading and you do get stopped out, you trade your system no matter what it is. I like the strat, so I say the strat, but I get that reversal against me and I get stopped out. The first thing, I'm protecting my capital. Okay? There's a participation group in there that's doing something I'm not aware of. And I thought it was going to go to the highs, but they started selling it. I got out, okay? Stopped me out.</p><p>[00:44:11] - Agnieszka</p><p>Right.</p><p>[00:44:11] - Jermaine</p><p>One thing I tell people is don't cuss real loud. Don't bang on the desk, don't yell, don't say a bunch of negative things when you get stopped out. Because again, that's going to create a system that's going to create a habit. And now you're creating a habit. So every time you get stopped out, maybe your trading platform has a little sound, like a little tweet or a little sound. You hear that sound, you're like the very first thing you do is say a curse word and you're like power.</p><p>[00:44:42] - Agnieszka</p><p>Off instinct.</p><p>[00:44:42] - Jermaine</p><p>Yeah, off instinct. But what if it was a good trade? What if that was the same sound that you pushed your stops up and that's the same sound that it makes when you get stopped out with profit. Right now you're confusing yourself because you're like, oh, I got stopped out. And you say this word and you're like that's what you do when you're mad. But you just made some money on this because of habits, right?</p><p>[00:45:08] - Agnieszka</p><p>And your body reacts to it emotionally because our mind and our body is connected, right? So when you start cursing, you start also or like, throwing your hands up or keyboard. Some people throw computers out. That's probably not very handy thing to do for the business, but it creates a stress response simply in your body. And then now you have much more work to do to calm yourself down, to be actually able to be objective and to get back into trading. If you are, like, all over the place inside of your head and stressed out and your body is switching on to the survival mode, you can trade in that condition.</p><p>[00:46:00] - Jermaine</p><p>No, it's too stressed. Yeah, it just feeds can't was it Trading in the Zone with Mark Douglas? I love that book. It's a great book. I'm sure everybody says that, but it's great because he talks about getting stopped out. And if you have all these negative emotions, you got it all built up. You're not looking at what's actually happening right now. You're not looking at this going, okay, I was shorting this, but now it's going to the highs. Your brain is not going, I need to be looking at anything that was taken out yesterday's. Highs. I need to look at stocks that had you know what I mean? There's got to be winners in there. Somebody's buying stocks. Where are they at? You know what I mean? So we can go to I know they were buying energies this morning. I'm using this as an example. I know they're buying energies this morning. Let me go right back to energies. Let me go see what they're buying. You know what I mean? What are they really in? But you can't think that.</p><p>[00:46:54] - Agnieszka</p><p>So just look for opportunities, basically, instead of ruminating on what just happened and calling yourself a loser and stupid and all kinds of things, right?</p><p>[00:47:05] - Jermaine</p><p>Let's just say it takes you 20 minutes to calm down. That's 20 minutes of you not seeing any new positions. Now the day is over. Or let's just say stick to the timeline. 20 minutes later, you're seeing where you missed, where you could have got in at. So then the whole cycle starts all over again because you're like, Well, I didn't see these things. And now you know what? Don't.</p><p>[00:47:25] - Agnieszka</p><p>Right? What's wrong with me?</p><p>[00:47:27] - Jermaine</p><p>Yeah. Self talk is very important. I tell people to say a little mantra. Rob did create this one, but I kind of pushed the idea of it being a mantra of I create winning positions, add to them, and defend them with tight stops. So that's what I tell people. Say that stuff when you're trading. Because I create winning positions. Okay, I see where I need to get in. Boom, I'm in. And then I add to it. Can I add to this position? We like to scale in? That's what we teach scaling in, and then I defend them with tight stops as the price is moving, people use them, they say trailing stops, but I call them progressive stops, continuously pushing those stops toward the price. And because I like that mantra, creating winning positions, add to them and defend them with tight stops. Because those three phrases turn into questions. They can be questions. Okay, you can look at your charts and go, okay, I create winning positions. Is this a winning position? Is my position positive or negative? You know what I mean?</p><p>[00:48:34] - Agnieszka</p><p>Very easy to answer, right?</p><p>[00:48:35] - Jermaine</p><p>Yeah, same thing. Can I add to this? Well, if it's positive, is there any way I can add to this? Yes or no? If it's a loser, no, I'm not adding to this loser. And then I defend it with tight stops. So then the next question is, okay, where are my stops at? If this is a winner, do I need to push it up now or should I just put my stops even? What should I do? Let's look at the charts, and then if it's bad, where are my stops? And if you don't have a stop, there's a bunch of other stuff that you need to be working on. So I like to use that I create winning positions because the trading psychology of the strat is already built into it, you know what I mean? That positiveness of I create winning positions is already there because you're going to have those times when you do get stopped out, and you're going to have those times when it's not I don't want to say losing streak, but you get to a point where you're like, okay, something's not working here.</p><p>[00:49:36] - Agnieszka</p><p>It might happen.</p><p>[00:49:37] - Jermaine</p><p>Right, I'm not following the trend.</p><p>[00:49:39] - Agnieszka</p><p>Yeah, exactly. And most traders do not reach consistency because not of their inability to make money, but the fact they give it back. And most of the time, it's not just the profits they give back, but much more than that. Have you ever experienced it on your own?</p><p>[00:49:59] - Jermaine</p><p>Yes, yes, I've experienced some drawdowns. I've had a tough trade on CrowdStrike earlier, back in June of this year. And you see all these people on Twitter and being a little vulnerable here, but you see all these people on.</p><p>[00:50:17] - Agnieszka</p><p>Twitter and they're like, thank you, I appreciate that. That's very important for trader vulnerability. And it's a strength, not weaknesses. A lot of people think.</p><p>[00:50:24] - Jermaine</p><p>True. I agree. You see all these people talking about made 3000% on this option. I bought this, I bought that making so much money. And I had calls on CrowdStrike. It did hit my target, but I thought to myself, nah, I'm going to keep holding it because of the monthly charts telling me it should go to the highs and I have time on this contract. Well, this thing went a little bit higher on the next day, Friday, and then they started selling it started selling down. Okay, I didn't take profits. Now I know what I'm doing. I'm the strat soldier. I got all these things. I'm doing the stuff and I know what I'm doing. And it continued to trade lower and lower and lower and I had to stop what I'm doing. And I had to get to a point where I'm like is this a winning position? No. Is this a winning position? No. What am I telling everybody else as traders? Cut your losers.</p><p>[00:51:25] - Agnieszka</p><p>Right.</p><p>[00:51:25] - Jermaine</p><p>You know what I mean? So this is me driving to work. This is me thinking to myself, this is me looking at my position. I'm going, this is not showing any evidence on the weekly, the monthly or the 60 Minutes charts that they want to buy this. They are selling it. And I had to sell it for a loss. Every once in a while you get those little wake up calls. So you have to be able to acknowledge that stuff. And again it all starts with being able to look at what's actually happening and tell yourself the truth. Am I holding a losing position? So yes, I have experienced it. I'm not perfect. I'm not a perfect trader.</p><p>[00:52:13] - Agnieszka</p><p>I don't think that exists. Right. And I think that's the problem that a lot of traders think that they will at some point be perfect. But I always say to my students, it's like there is no that one day. Then when you get there, then everything is just honey because you will be making mistakes, you will be taking losses, but it will be just very different than it will be more controlled losses and maybe you'll be making mistakes more rare than not every day. Right?</p><p>[00:52:47] - Jermaine</p><p>Right. At least I would say, you know what's happening, you know? Exactly. Okay, I know I got in this thing I didn't take we call it magnitude, but I didn't take the profit at the target. This thing's going to the lows. It went further than I wanted it to or I thought it would go. But to be able to tell yourself the truth and go this is loser.</p><p>[00:53:08] - Agnieszka</p><p>Exactly.</p><p>[00:53:08] - Jermaine</p><p>I need to cut that. That's the difference. I think that's the difference of being.</p><p>[00:53:13] - Agnieszka</p><p>Honest with yourself, integrity and just minimizing the impact of that by being honest and by stopping yourself in tracks at some point. Because what was the catalyst for you to on that CrowdStrike trade to say, okay, now I have to be honest with myself. How do you know when is that moment to hold them and when to fold them?</p><p>[00:53:38] - Jermaine</p><p>Yeah, I like it. I like it a lot. For me, I'm going to tell you how it should be and then I'm going to tell you what happened.</p><p>[00:53:47] - Agnieszka</p><p>All right</p><p>[00:53:48] - Jermaine</p><p>So again, I look at four different timeframes right now on XLE. So I want to see if there's buyers on the month. Is it green on the month? Okay. And then I'm looking for the week to reconfirm what I'm seeing on the month, and then I'm looking for the daily and the 60 minutes charts to reconfirm what I'm seeing on the week and then the month, of course. So let's just say I got a stock, they're buying it this month. It's going great. Here's my weeks, it's continuing to the highs for you at home. You can look at XLE if you don't know what stock you could even look at right now. You can look at XLE because it's green on the month. It's green on the week right now. And then your days know as the days are reconfirming what we've seen on the week, what we want, an ideal stock, an ideal trade is I'm getting something that there's buyers in the month that I get in a reversal on the week and then continue to buy it all day, every day. And every 60 minutes chart, it's amazing. It goes back to the high.</p><p>[00:54:46] - Jermaine</p><p>Every day continues the highs, of course, that's the dream, right? But it's not going to happen every day. So as those days trend, are they continuing to move up? Or is the trend slowing down and now they're taking profits? Then you move your stops in a direction. So that's how we do that. That's the ideal way in that crowd strike trade. I had a scenario two on the month, meaning the month was trading higher than the previous month. I did hit my target on the week. I hit my target on the day. And then on the 60 minutes charts here, it starts moving down. I'm like, okay, all right, I can hold through some of this because we know people are taking profits. We know other people. Again, I just said we like to add to our winners. And we know not everybody trades the strat. Some trading systems say always be selling. So we know people are going to here it is. Now they start selling you're like, okay, like I said, I'm the strat soldier. I know they're taking profits on the 60 minutes charts. Okay, fine. Then the daily chart, there's a reversal on the daily, okay, now it's a two two reversal down, meaning the current day was trading lower than the previous day.</p><p>[00:56:04] - Jermaine</p><p>All right, now we have reversal back down on the daily chart. I got the 60 minutes charts that are red, the daily charts that are red. And then when I finally had to make a decision, like, I have no evidence to keep holding, this was when it started reversing on the week, because now I have again, I'm looking at all four time frames. I got red on the week, red on the day, red on the 60 minutes charts, and they're selling this thing. I need to get out of this. I need to follow my own rules again. I need to follow my rules and go, is this a winning position? And I need to cut this. Thing. Like I said, I ended up selling it for a loss. And it's always important to know when to tell you. I said tell the truth. No, this is a loser. You didn't take profits, whatever. Deal with it. Just cut it. Because if you just keep holding it and you're like, it's going to come back. It's going to come back.</p><p>[00:57:00] - Agnieszka</p><p>What if it doesn't?</p><p>[00:57:02] - Jermaine</p><p>Yeah, what if it doesn't? You're like, well, it's an option, you know what I mean? Do you really want to lose all you don't want to lose some people say, Well, I don't care, so I don't want to say that. I want to say you don't ever want to have the mindset of it's okay for me to lose everything in this option, or it's okay for me to lose everything in this stock and for the whole thing to go so negative. You know what I mean? You never want to have that type of mindset, not if your goal is.</p><p>[00:57:28] - Agnieszka</p><p>To make money anyway, correct?</p><p>[00:57:30] - Jermaine</p><p>Yeah. Not if your goal is to make money. But I'd say the hardest times when that happens is when things have been going well. Things have been going well. You've had a good run, things have been going well, and you have that one trade that's just not working right, and you don't want to sell it. That's when you have to, like you said, be vulnerable with yourself, be vulnerable with the people that you're trading with and go, okay, I'm in a losing position. I need to cut this thing.</p><p>[00:58:00] - Agnieszka</p><p>Yeah, thank you for sharing that experience. I really appreciate it. And I think that there is a lot to say about accountability, which is very different in trading, because in our daily life, we always have someone else who holds us accountable for the things we need to do, right? Whether it's in your job, you have colleagues, you have a boss, maybe you have employees at home, you have your wife, you have your children. There's always someone watching you, right? In trading, it's just you and a computer. Nobody's watching you. You can do whatever you want. So now you have to be the person who has to kind of hold yourself accountable and say, come on, what the heck are you doing?</p><p>[00:58:43] - Jermaine</p><p>Yes, and I wanted to say this earlier, so I'm glad you said that, because in sports, in the military, in any kind of profession, doctor, lawyer, all that stuff, any kind of profession that you have, you have other people that you're working with to achieve a goal, you know what I mean? So even if you're the manager, you need all the people around you to make that stuff happen, and you have to work with them. And you're using a lot of stuff to a lot of your personality, a lot of your skill set, a lot of influence that you have to make things go in a direction that you want especially in the military, I say, get your stuff and get on the truck. You can raise your voice, but at home, you can't do that. Or wherever you're trading, you can yell at the screens all day long, but that price is going to do whatever that price is going to do. So you can't really influence the market so much with your yelling and your personality at all.</p><p>[00:59:48] - Agnieszka</p><p>Maybe there will be a chance with AI, who knows?</p><p>[00:59:52] - Jermaine</p><p>I told you to get up there. I told you to keep going up. Okay. Oh, no.</p><p>[00:59:59] - Agnieszka</p><p>Can you imagine?</p><p>[01:00:01] - Jermaine</p><p>Oh, that's going to be great. But then the reality of things is it's going to be a lot of people. There will be millions of people screaming in the microphones, and then the market will come right back to what it was before, where it's going to do what it's doing, because we got millions. Me and you see this thing as going to the highs. These other people over here see this thing as going to the lows. So they're selling, and everybody people say the market doesn't care about you and all this other stuff. The market doesn't even know who you are because the market is not a thing. The market exactly. The only responsibility the market has is showing you what the price is right now. That's it. That's the only responsibility. Anybody. You know what I mean? I hope you're paying for real market data for that, because then it doesn't have that either.</p><p>[01:00:51] - Agnieszka</p><p>Then it's just a game you're playing with the right data.</p><p>[01:00:55] - Jermaine</p><p>Exactly. All it's doing is showing you what the price is right now. And again, no matter what trading system you use, we are trying to identify the trend and identify it early enough that we can profit from it. That's what we're doing. And we use historical data to do that. Like I said, the spies continue to the highs at 447 16. It's moving. Hammer enforce on the 60 Minutes chart. It's moving up. And if you're still shorting something, you got to be telling the truth. This thing I'm shorting is the thing I'm shorting, is it still going to the lows? No, this thing started moving back up. So that's my whole thing. And in the art of cutting losers, that's what I say, you got to be able to tell the truth. Put your set, your stops, and what's the price actually doing? Is it going against you, or are you trading with the trend? You know what I mean? Even if you're in the trend, is your position good? You know what I mean? Because we talk about that. That's a whole other conversation. You want to talk about bills and all this other stuff.</p><p>[01:02:05] - Agnieszka</p><p>It's so interesting because we people, human beings, we generally know what's good for us, right? We can figure it out. Like, deep down, you we really know what's good for us. And in a lot of cases, in our life. We do like driving. I mean, most people do obey the rules. Like when they see the red light, they will stop. Well, not always. Where I live, I know Florida is known from really bad driving, but in general, right, we know what's good for us. And for some reason a lot of times we do choose to do the opposite. Like look, for example, diet, right, or not exercising. There's a lot of stuff that we do that are not in our best interest in trading. Making these decisions, whether you choose to act in your best interest or not, can be a little bit tricky because with regard to taking losses, taking a loss does not seem rationally to be in our best interest, just the wood itself, taking a loss, right? So it kind of messes up in our head, our emotions. It messes us up because who wants to take the loss? I don't want to lose, right?</p><p>[01:03:24] - Agnieszka</p><p>I'm supposed to make money. I don't want to lose. So what is your take on emotions in trading in general? Especially the emotions with regard to cutting losses? Because small loss, it doesn't matter, right? It's like a little cut, no big deal, but when it gets out of hand, it's a different story.</p><p>[01:03:43] - Jermaine</p><p>I like it. That was good. It kind of makes me like we should have like a think take and come up with a different word than loss. Like the psychology of the word. That's great. I say taking small losses is what we want to do because again, that's when things kind of clicked for me. Taking small losses because we want to protect our capital, we want to keep trading. And if you break the rules, let's say you're driving analogy, you don't really stop at that stop sign. You just kind of pause a little bit and coast on through. Like everything's fine.</p><p>[01:04:18] - Agnieszka</p><p>Just look around. Is there police?</p><p>[01:04:21] - Jermaine</p><p>Yeah, there's no police. I don't see a school bus. There's nobody. But what's that one time that you just kind of tap on the brakes on that stop sign and then now you're in a crash, right? You know what I mean? You know what I mean? Because you're like, I didn't see that car because you didn't see that car coming. You didn't see you just thought it was okay to cut this person off. In trading, in driving, I like that driving. In your driving analogy, you can get away with stuff and then by the time somebody catches it, you're gone. It's fine. In trading, there are times, like you said, you're by yourself. There are times you're going to be tempted to do something crazy or just hold on to that losing position and it comes back and you're like, I knew it, but I'd rather you cut that thing. Just tell yourself the truth. I was shorting this. It was great. I need to go ahead and if I'm still in a profit, go ahead and take the profit. Or if this is a loss, I need to go ahead and cut this loser now because it's small.</p><p>[01:05:20] - Jermaine</p><p>And let's just say the market is going well for this hour, you know what I mean? Or this day, tomorrow it could go right back, like you said, CPI, it could go right back to the lows. I'd rather you cut this thing, don't lose a lot of money. But if it goes right back to the lows tomorrow, you got the capital to get back in. You have also the mental capital. The mental capital to get back in.</p><p>[01:05:42] - Agnieszka</p><p>That is so important, right?</p><p>[01:05:44] - Jermaine</p><p>Yeah.</p><p>[01:05:45] - Agnieszka</p><p>Because how many times when you keep something overnight and in my experience, when I did that, and sometimes I would still do when I think, okay, it was going up, I'm keeping it. But the moment that it opens, okay, it happens. The whole market gapped down. Right. Something happened. And then you're in a completely different spot. Now you cannot look for opportunities. Now you're looking at the open. What am I going to do with this position? Right? What is it going to do? Like, where do I cut it? Because now you're taken by surprise. And in the past, I have to say that when I left and you're talking about the people who stay overnight at the party, the losing position always gets bigger the next day. Always.</p><p>[01:06:29] - Jermaine</p><p>Yeah, it's worse. Yeah. That person gets up angry. Yeah. They're frustrated about everything. And I agree, too. I was talking to a trader yesterday, having a winning position, and then the entire market gaps down overnight. That's tough. That's tough. That's when you go and you just cut it because it could keep, you know what I mean? Because you don't want to.</p><p>[01:06:52] - Agnieszka</p><p>There's a reason why market gaps down, right?</p><p>[01:06:54] - Jermaine</p><p>Yes, there's a reason. And maybe it's something like the whole credit thing on Wednesday was that last Wednesday, the whole credit thing completely changed the market to the downside completely. Everything backed down and everybody was like, what the heck is this? No one saw that coming. Nobody saw that coming. Don't let anybody tell you that they did. And all you could do was just cut your losers and what is the price actually doing now? So, yeah, holding a winner and it gaps down, it's a loser. Just cut it, that's tough. But then holding those losers. Yeah, you're right. Holding those losers and then the whole market gaps down, and now it's even worse.</p><p>[01:07:31] - Agnieszka</p><p>Right</p><p>[01:07:32] - Jermaine</p><p>You got two problems. Yeah. You got two problems. You got a capital, you got a losing position, and then you have your like, why do it? Put it exactly. Why did this stupid thing, this stock trades, they make coffee cups. Why did I even buy this thing?</p><p>[01:07:50] - Agnieszka</p><p>I know, yeah, we can laugh about it now, but when you are in the moment, in the heat of the moment, it's just, like, totally different, right? It just destroys you.</p><p>[01:08:02] - Jermaine</p><p>You're like this stupid, stupid AI.</p><p>[01:08:05] - Agnieszka</p><p>I know. Can the AI please fix it?</p><p>[01:08:11] - Jermaine</p><p>You can't go back either. You can't go back either. Like I said, you go to work. It thinks, hey, don't worry about it, boss. I'll fix this. Don't worry about it. We'll fix it. You can't do that with your chart. You can't go.</p><p>[01:08:20] - Agnieszka</p><p>You really have to be always responsible. I think it's a lot about responsibility and continuing with this analogy of driving, just imagine when you are deciding to take risk and you are in your car on your own, right? Okay. You might go through the red light and say, okay, I might be lucky. Nothing is going to happen. But you are risking your car. You're risking your life. And if you have a family, you are also risking impact on them, right?</p><p>[01:08:51] - Jermaine</p><p>Yeah.</p><p>[01:08:52] - Agnieszka</p><p>So ask yourself, like, if your family now would be in the car, how different would you think? Because when you are trying to make a living trading and make money, it does have impact on everyone else, not just you. And I'm not talking just a financial impact, but when you have a bad day trading and you don't know how to control your emotions, you take that to the dinner table, and everyone knows, your whole family knows it was a red day or it was a green day, right?</p><p>[01:09:20] - Jermaine</p><p>Yeah, that's true. That's true. And that's where those small losses come in at, because, you know what I mean? It's less of effect on you. I'd rather you just cut it. But yeah, you're right. And I've experienced that as well, and that kind of pushed me more because I had the strat, and then I started, okay, let me learn this trading psychology stuff. That's when that became more apparent and more evident as well, because you're right, and when your trading affects your emotions, that's when, like I said, the cycle. You're happy when you're doing great when you're making money, and you're sad when you're losing money. So then, like I said, it just turns I tell people, Use your emotions. We're emotional beings. We're not robots. We're emotional people. So that means we are emotional traders. We are so don't try and be a robot. Don't just go, well, that was $1,300. Oh, well, no, you need to be going, okay, that's not acceptable. I don't like that. You know what I mean? What am I doing wrong? What do I need to fix? You know what I mean? And then using your emotions while you're trading, you know what I mean?</p><p>[01:10:34] - Jermaine</p><p>Use them in your best interest is what I'm trying to say. Use them to help you out. You know what I mean? Okay, I got stopped out. It was a small loss. Fine. The market's going back to the highs. I know I can do this. I know where the stocks are. I know what they're buying I'm going to create these winning positions in that, you know what I mean?</p><p>[01:10:52] - Agnieszka</p><p>Right.</p><p>[01:10:53] - Jermaine</p><p>It try to do that, but yeah. Okay, so you're driving one more time, but one more thing about the driving, that's another analogy about driving I like to use. Okay, so you're in the car, you're saying, I'm going to work, and you start driving to work, and all of a sudden you look up and you see you're in the wrong lane and you've missed your exit, and you're going in the wrong direction. You absolutely know you're going in the wrong direction, but you look at your gas tank and go, I have a full gas tank. I am not turning around until I'm at a half a tank, and then I'm going to get off and turn back around because then I'm definitely in the wrong. Right? That sounds ridiculous, right?</p><p>[01:11:33] - Agnieszka</p><p>Ridiculous, if you put it that way.</p><p>[01:11:36] - Jermaine</p><p>You will never do that. Most people are like, wait a minute, where are you going? Even the people, like you said, it affects your family, the passengers, the kids in the back are like, where are you going, dad, where are you going?</p><p>[01:11:50] - Agnieszka</p><p>And you go like, I know where I'm going, I know where I'm going.</p><p>[01:11:54] - Jermaine</p><p>This road is going to take me where I'm going to go. And everybody's in the car is going, no, you don't know. And then you're like, okay, well, I'm going to find an exit and I'm going to get off and I'm pull back around. And then you finally do it.</p><p>[01:12:05] - Agnieszka</p><p>Right?</p><p>[01:12:05] - Jermaine</p><p>So using that with your trades, if it's not working and it's going the other direction, get off on an exit, cut that loser and cut that losing position and then go the other way. You know what I mean? Right.</p><p>[01:12:19] - Agnieszka</p><p>Get in a driver's seat and be responsible.</p><p>[01:12:22] - Jermaine</p><p>Yeah, this thing's going the other opposite direction. So yeah, you kept saying driving. I kept trying to bring that up, but I fantastic.</p><p>[01:12:30] - Agnieszka</p><p>You can find so many situations, right?</p><p>[01:12:32] - Jermaine</p><p>Yeah.</p><p>[01:12:33] - Agnieszka</p><p>Because in the end, you have to be always, whether it's your life or trading, you have to be in a driver's seat and be responsible.</p><p>[01:12:41] - Jermaine</p><p>Yes, you said driving, but I like it into running. You can have a pack of people and we're all running in the same direction, run a five K, and you'll know what I'm talking about. Everybody's having a good time, but it's still you against you. It's still a one person sport. Same thing with trading. It's a one person sport. I can tell you, just keep, just stay in there, you're going to do great. There's no reason to get out of this trade. I can coach you as much as I want, and I can say it's going to the highs, but you still haven't hit the button to get in, or you still haven't hit the button to get out because it's a losing position. No matter what I say, it's still the individual person that has to make those decisions. And the same thing with, like I said, running. I'm a runner. We can run in a group, and we can come on, you got this. Only two more miles left. But if that person does not want to run anymore, they're going to stop running. You know what I mean?</p><p>[01:13:39] - Agnieszka</p><p>Right.</p><p>[01:13:39] - Jermaine</p><p>And you as a person, you have to have that mindset, that strong trading, that strong psychology that says I can do this.</p><p>[01:13:47] - Agnieszka</p><p>That brings me to my last question.</p><p>[01:13:50] - Jermaine</p><p>I talk a lot. My bad.</p><p>[01:13:52] - Agnieszka</p><p>No, this is fantastic, and I could go forever. Do you think being a soldier did contribute to your success in any way? And if so, which aspect do you think helped you? Do you find yourself being more disciplined than what you see from other traders? Or is this not about the discipline part?</p><p>[01:14:11] - Jermaine</p><p>I think it's about being more disciplined in the fact that the army definitely tells you when you're doing it right and when you're doing it wrong. There is no ambiguity there's not like, well, no.</p><p>[01:14:24] - Agnieszka</p><p>Right. So the honesty in feedback, yeah, it's.</p><p>[01:14:27] - Jermaine</p><p>The pass or fail. Yes, you did good. No, you did not. And to be able to look at my trades and look at something like that and go, yes, I'm doing right. You know what I mean? These are winning positions or these are losers. I need to cut this. That has helped me with that big time. And then the other experiences have helped me in the fact that being able to work with other people, other personalities, work with other people, see how they do it, and then I guess I'm talking more about working in a community of traders. You're like, okay, this is what we need to be looking at. And showing people being in stressful situations helps. I'm trying to bring it back to trading instead of talking about teaching discipline, of knowing if I'm doing it right or if I'm doing it wrong. That has helped me. And in stressful situations in the military have helped me as well, because that's when the training takes over. The training takes over.</p><p>[01:15:30] - Agnieszka</p><p>Muscle memory.</p><p>[01:15:31] - Jermaine</p><p>Muscle memory. And the whole we say it all the time. Don't get the FOMO, don't get the AMD is going up. I knew it was going up and I didn't get in. And now she get in. But you don't have an entry in. It is going to the highs. It is going up. You would be trading with a trend, but you don't have an entry into this. You're just buying.</p><p>[01:15:52] - Agnieszka</p><p>Yeah, you cannot jump on a riding train. Right?</p><p>[01:15:54] - Jermaine</p><p>Right. That's where the muscle memory of the practice comes in at, and the training takes over. When you have a loss, again, when you have a loss, you have to look at it and tell yourself the truth. And that's when the training comes in and go, okay, this is a loser. Cut it, or this is a winner. Push my stops up. This is good. I need to push my stops somewhere in here so I get stopped out. Profit. Well, I didn't get stopped out. It's still going good. All right, good. Keep your stops there. Add to it. You know what I mean?</p><p>[01:16:23] - Agnieszka</p><p>Yeah. Finally, it happens, what I wanted. Oh, I can't handle this.</p><p>[01:16:26] - Jermaine</p><p>Finally, it happens, what I wanted. Yes. All the times of me talking positive, all the times of me studying these entries and where to put my stops. It's finally doing what I needed to do. Awesome. And that's when, like you said, it's heaven and everything's. Butterflies and the reins of owes. Great. And you're in heaven. But even then, you know what I mean, when that trade is over, the process starts over. Yeah, that's the military has helped me with that as well. The process starts over.</p><p>[01:17:02] - Agnieszka</p><p>Okay, great. And I have to ask this question. I know I said it will be the last one, but you said something that triggered that. You said feedback, whether you fail or you pass. Well, a lot of people have the fear of failing. Have you ever had that? And if you did, what helped you to overcome that? Fear of failure.</p><p>[01:17:25] - Jermaine</p><p>Yeah, failure.</p><p>[01:17:26] - Agnieszka</p><p>Failure, because it's very easy. Like, okay, you failed or you passed, but failing, that's a hard thing to bite, right?</p><p>[01:17:35] - Jermaine</p><p>Yeah, it is. And are you talking about fear and trading or just fear of failing in trading or fear of failing anywhere in any kind of thing?</p><p>[01:17:45] - Agnieszka</p><p>I think that's the same thing.</p><p>[01:17:46] - Jermaine</p><p>It is the same.</p><p>[01:17:49] - Agnieszka</p><p>I think if you don't want to fail in your life in general, as a person, it will come out in trading.</p><p>[01:17:56] - Jermaine</p><p>Yes, it will. But that's where I put my stops as well, and that's what helps me move with my stops. I don't want to fail what is actually failing and identifying what that is, I think that helps, too. Identifying what that means as failing, I believe continuing to try even though you haven't hit your goal, but you're continuing to try. I think you haven't failed yet. I think when you quit and you 100% say you quit, then you failed. You know what I mean?</p><p>[01:18:26] - Agnieszka</p><p>Got you. I think that's when you actually quitting is failing.</p><p>[01:18:28] - Jermaine</p><p>Yeah, I think quitting is failing, but I say that in the context of, okay, I define failing as okay, blowing up my account, that's failing. I never want to blow up my account. So this is a losing position here's. My stops. There's no evidence on these charts that tell me this is to go back in the direction of my favor. I need to cut this thing because I need to protect my capital. If I continuously whittle down my account, I'm going to blow my account up. Then I'll fail. You know what I mean?</p><p>[01:19:04] - Agnieszka</p><p>You completely switched the perspective. So basically, failing is not like, oh, I didn't make money, but the failing is I failed to protect my money.</p><p>[01:19:12] - Jermaine</p><p>Yes. I like that. You sum that very well. Failing to protect your capital. And if you're having a losing streak, you have to be able to tell yourself, okay, am I protecting my capital by continuing to try continuing to trade? You know what I mean? Yes or no? You know what I mean? And tell yourself the truth. Okay, well, I don't know what's going on right now, but every time I take these options, they're losers. I don't know what's going on with the market right now. It's hard to identify that they're selling it in the morning, and they're buying in the afternoon. I don't know what's going on. Tell yourself the truth and go, okay, this is what's happening. And take a break. Let your money settle. Let your mind settle. And if your set up opens back up and you're like, okay, this is where I need to be, and you take a small position. Take a small position, and if you get stopped out, it's a small loss. You know what I mean? Small loss. Never be like, oh, here comes 500 contracts.</p><p>[01:20:12] - Agnieszka</p><p>I'll be rich tomorrow.</p><p>[01:20:14] - Jermaine</p><p>I'll be rich.</p><p>[01:20:15] - Agnieszka</p><p>Yes. So taking a break is not failing, and sometimes it's the best thing you can do.</p><p>[01:20:21] - Jermaine</p><p>Taking a break is not failing. Yes. Taking a loss is not failing. You have to define what failing is to you and then take a break. Take a break if you have to. I don't want to talk too much about it because I want to keep it where you said it. That's good. Take a break.</p><p>[01:20:38] - Agnieszka</p><p>Awesome. Well, that brings us to the end of the episode and because we have talked a lot about the price where it is right now, and some charts for everyone who is listening. This episode is recorded on August 9, so if you are listening, it somewhere probably in September or so, maybe early October. Don't be surprised if when you look at your chart at that day, that it doesn't make sense, because we are in August right now.</p><p>[01:21:10] - Jermaine</p><p>Hopefully they're like, wait a minute. It was at 447. This is where I should have got in then.</p><p>[01:21:18] - Agnieszka</p><p>Right? Maybe we should be doing this episode live.</p><p>[01:21:21] - Jermaine</p><p>Yeah, that's it. Yes. That's funny. On The Weekend Shift, on my show on The Weekend Shift, I do it every Saturday, and we sum up what we talked about during the week, and sometimes I'll do some set here's, some setups to the downside, and then the very next Saturday, I go, well, that didn't work, but we knew when to get out. We knew when it wasn't enforced anymore. We knew when, okay, the buyers are coming back in or now they're selling whatever it is, and these actionable signals are not in force anymore. So you got to laugh at it. You got to have that humor you do.</p><p>[01:21:56] - Agnieszka</p><p>So where can people find you? Where can people hear about the strat? And are those shows publicly available for everyone?</p><p>[01:22:05] - Jermaine</p><p>Yes. So if you go to Sepiagroup.com Sepiagroup.com, that all the episodes are free. If you go to the about section, you'll see Jermaine Recruiter and you click on it and you'll see My Big Old Head, and then you go to the weekend shift. You can even go to videos, and all the videos are there. It's 100% free show for everyone, and we love to do that. So every Saturday we slow the strat down. We talk about what happened in the charts and what we're looking for, for next week. And I usually take some questions, and it's not just all about me. I'm not some superstar. I'm just a guy who likes to talk about The Strat. So I learned from my viewers as well. Some people get in there. I suggest getting in there. Put your email in there, register so you could be in the chat. Because we've had some good conversations on I've had whole shows. I don't say derailed, but we go on a tangent because someone asked a really good question, or someone said, okay, well, what are we looking at? Semiconductors here, let's look at this stock. And I'm like, there's no reason why we need to be in this.</p><p>[01:23:09.] - Jermaine</p><p>And I'm like, Wait a minute. And it would totally I'm saying it's dissipation. It's a back and forth and it's fun.</p><p>[01:23:16] - Agnieszka</p><p>Fantastic. I'm going to check it out.</p><p>[01:23:17] - Jermaine</p><p>Yeah, we have a good time.</p><p>[01:23:18] - Agnieszka</p><p>You can see me in the next show.</p><p>[01:23:22] - Jermaine</p><p>It's Saturday at 11:00. A.M Eastern Standard Time. We went from waking up early in the morning to watch cartoons to look at candles on Saturdays. So we went from cartoons to candles on Saturdays.</p><p>[01:23:37] - Agnieszka</p><p>That's where it came from, because I watched one of the shows there, and you were talking about cartoons, and I was like, what do you mean, cartoons?</p><p>[01:23:45] - Jermaine</p><p>Yeah, we're just big giant kids that can pay our bills. We're just like we went from watching all these little shows on a Saturday morning to getting up early on Saturday because most people are sleeping over on Saturday mornings. That's where that came in at from cartoons to Candles. And we have a good time. And you also check me out on thestratsoldier.com that's where I do my coaching, one on one coaching sessions. That's why I do my webinars, where I go through the entire trading system, the Strat, I need to come up with some dates for August, but those have good in the past, and those are small group things, too. There are only ten people that can be in those webinars because it's small group instruction. That's what the army made me good at, and that's what I do, small group instruction. That way you get the attention that you need. And I got some courses and a couple of other things in there too, but that's where. You can find me.</p><p>[01:24:38] - Agnieszka</p><p>That's awesome. And we'll put all the links in the notes from the show so people don't have to remember. Thank you so much Jermaine, for this candid conversation today. I really appreciate you sharing your views and experience. I really enjoyed it and as I said, I could talk to you forever. So who knows, maybe you will be willing to come another time and talk about another topic. And thank you also for your incredible contribution to the trading community. It's absolutely priceless. And thank you for listening to the Confidence in Trading podcast. Make sure you visit confidenceintrading.com and grab your free copy of my guide with Ten Easy Ways to Improve the Consistency in Your Trading. Thank you so much Jermaine.</p><p>[01:25:28] - Jermaine</p><p>Thank you so much. Thank you. This was great. Thank you. Thank you.</p><p>[01:25:31] - Agnieszka</p><p>Wonderful. If you enjoy my show, please support my podcast and leave a review on Apple podcasts and be sure to subscribe so you can come back for a real life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 22 Sep 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this podcast episode, host Agnieszka Wood interviews Jermaine McGruder, known as The Strat Soldier, about the art of cutting losses in trading. Jermaine, a former army soldier with 20 years of experience, shares his journey in trading, emphasizing the importance of protecting capital and following a disciplined approach. He advises traders to focus on their setups, set proper stop losses, and prioritize capital protection. Jermaine also discusses the recent passing of Rob Smith, the creator of The Strat, and how he and the trading community are continuing his legacy by trading The Strat and sharing their knowledge with others. The episode provides different perspectives that traders can use to shift the way of experiencing the market.</p><p><br />Furthermore, Jermaine and Agnieszka delve into various aspects of trading, including the significance of recognizing trends, understanding price action, and analyzing multiple time frames. They stress the importance of discipline, following trading rules, and avoiding emotional reactions to losses. The conversation also touches on the challenges of trading. It provides valuable insights into the emotional and psychological aspects of trading, managing emotions and emphasize the importance of accountability and vulnerability.</p><p> </p><p><strong>About Jermaine McGruder</strong></p><p>Jermaine McGruder, also known as The Strat Soldier, is a passionate trader and experienced educator. Jermaine embarked on his journey with The STRAT in 2019 and quickly honed his skills, becoming adept at both trading and teaching this methodology. His guidance has empowered seasoned traders to curb significant losses and has equipped newcomers with the ability to identify buy and sell signals confidently.</p><p>Jermaine's teaching philosophy centers on enabling individuals to trade based on their convictions and take actionable signals without succumbing to significant losses. Drawing from his extensive 20-year military background, Jermaine brings a wealth of leadership and training experience to his teaching approach. Whether on the battlefield or in the world of trading, he excels in leading and educating individuals, making him a valuable asset in The STRAT community.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p> </p><p><strong>Contact Jermaine McGruder:</strong></p><ul><li><strong>Podcast:</strong> <a href="https://podcasts.apple.com/us/podcast/in-force/id1661703589">InForce</a></li><li><strong>The Weekend Show:</strong> <a href="https://stratalerts.com/">The Weekend Shift</a></li><li><strong>Twitter</strong>: <a href="https://twitter.com/CyberDog2">@Cyberdog2</a></li><li><a href="http://thestratsoldier.com/">Website: http://TheStratSoldier.com</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>[00:00:02] - Agnieszka</p><p>I am Agnieszka Wood. Welcome to the Confidence in Trading podcast. Let me introduce my special guest on today's show, Jermaine McGruder, aka The Strat Soldier. You might recognize Jermaine from his very popular Strat webinar with Benzinga that has gained over 70,000 views, or his appearance on first trade show with Rohan Makhecka in June 2021. And if you are a podcast fan, you might know Jermaine from his show In Force, where he looks at the markets through the eyes of The Strat and his weekly Saturday show, The Weekend Shift. As you might have already figured out from his nickname, The Strat Soldier, Jermaine has been in the army for 20 years and has worked with hundreds of soldiers in various environments. And as he puts it, leading and training is what I do. I invited Jermaine to my show to talk about the one aspect of trading that hurts traders and their bottom line the most. Welcome to episode number 14, the Art of Cutting Losses. Hi, Jermaine. Welcome to my podcast, and thank you so much for making the time for joining me today.</p><p>[00:01:18] - Jermaine</p><p>Thanks for having me. Thank you so much, Agnieszka. This is awesome. This is really cool. I love meeting new people and also, of course, talking about The Strat and then the whole idea of cutting losses. Perfect idea. I love it. I love it.</p><p>[00:01:31] - Agnieszka</p><p>Fantastic. Jermaine, you have been trading The Strat since 2019, and you have been a leader at Sepia Group with Rob Smith since September 2021. May he rest in peace. His sudden departure must have been pretty hard for you, and I cannot even begin to imagine the impact on the trading community.</p><p>[00:01:51] - Jermaine</p><p>Yeah, it's been tough. It's been real tough. Rob was always a character. That's what we loved about Rob. So when are, you know, I'm not feeling well. I'm not doing this or that. We all were. You know, rob's going through his own little inside know to use some trading. You know, we're like, he's going inside bar right now. He's going to be okay, and he'll reverse back to the upside. He'll be fine. It was a little bit of a shock that he didn't pull through because he was such a character, so funny, and he always found a way to figure it out. So, yeah, very sad. But we are going to keep Rob alive by continuing to trade The Strat and continuing to do what he said to do, which is create those winning positions. Then after you understand what you're doing, show the next person. And that's been my motivation since the beginning of all of it, is to show other people how to not get killed in here and not blow out accounts, not all these things. 30 years on CBOE, you know what I mean? 30 years on the floor and doing what he does.</p><p>[00:03:02] - Jermaine</p><p>And it's amazing for him to just talk to regular people and teach regular people how to do I say regular people, but we're all regular people. I'm just saying to talk to an average person and say, okay, this is how stocks work. It was an amazing skill to learn, and I hope to keep passing it on to other people.</p><p>[00:03:23] - Agnieszka</p><p>That's amazing and really wonderful that you're passing on the legacy. And I really regret I never had a chance to meet him personally, but I've heard so much good about him and about his strategy. I actually interviewed few months ago, Ben Okopnik, who is also trading the strategy. That's how I actually heard about Rob. So, yeah, big loss. So you have been trading the Strat for a relatively short time, and you managed to become not only proficient in it, but also good at teaching it. Can you tell us a little bit more about your trading experience and what's your secret?</p><p>[00:04:05] - Jermaine</p><p>Oh, the secret is there are no secrets now.</p><p>[00:04:09] - Agnieszka</p><p>That's the best one.</p><p>[00:04:11] - Jermaine</p><p>That's the best one. The secret is just trading what's actually happening on the charts. And that can be difficult because you have to be able to tell yourself the truth. Like, you can draw as many lines on your charts as you want. You can have all the indicators and all the squawk boxes and community leaders and people telling you what you need to do, but you're still the one that has to hit the button, right? You're still the one that has to go, okay, we're going. This is my entry, this is my exit. This is what I'm going to do. And I think that's when trading kind of really clicks for most people when they go, okay, I know what everybody's saying, but what do I really see on the charts? I know what the news is saying, but what do I really see on the charts? What do I see really happening? Are they really buying it or are they really selling it? And some people don't know at all. Some people are like, Well, I don't know, how did you figure it out.</p><p>[00:05:12] - Agnieszka</p><p>In such a short time?</p><p>[00:05:13] - Jermaine</p><p>Yeah, I'm trying to get into that. When I first started trading back in 2019, way before the Strat, I was working with a buddy and I was like, man, I want to get into stocks. It sounds like something I'd want to do. And so he introduced me to Robinhood and he's like, yeah, it's easy. There's no account minimums. You just put your money in here, and then once you get your money in there, I'll show you how to start doing it. So he starts showing me how to find stocks, how to buy stocks, and I'm thinking, I'm doing pretty good, I'm doing all right. And for the first few months, I was doing really well. Of course, things were all trending to the highs, so I didn't realize how easy it really was. And then he starts talking about options because I'm like, well, I want to make more money. I'm doing pretty good. I want to make more. So he starts talking about options, and then that was a whole nother ballgame. That with only a few months experience, I shouldn't have been messing with. But I didn't know that at the time.</p><p>[00:06:08] - Jermaine</p><p>I just had my buddy saying, hey, this is how you do it.</p><p>[00:06:11] - Agnieszka</p><p>That's how you become millionaire in a short time.</p><p>[00:06:14] - Jermaine</p><p>Yeah, that's how you do it. Yeah, that's how you make millions. And then he showed me buying options into earnings reports. I'm like, okay, so that was not a good deal. That was not a good idea to do. But he told me, you know what I mean? So the one example I always talk about is Twitter. I bought all these calls into Twitter because Twitter has never missed an earnings. And this is all the way before, back in 2019. So I read all this yahoo news. I read all these articles. I read all this stuff. And so I buy calls because they never miss. Well, this is first quarter of 2020. Yeah, they missed last quarter. They missed big, and boom. And I lost half my account at that time, and honestly, it was around $500. But me being a brand new trader, that's a big deal. That's a huge deal for me. Wait a minute. Hold on a second. Now, this is not why I wanted to start trading. And so, you know what I mean? I had to deal with that with myself, and I had to deal with that with because I had to talk to my wife, too.</p><p>[00:07:23] - Jermaine</p><p>I'm like, I told you, I'm not getting in this to gamble. I'm not getting in to just throw away money. But this loss happened, and I stopped trading. I didn't quit. I just stopped, like, let me find a coach. Let me find somebody that can help me out. 2019. And that's when I found Rob in October of 2019. So I apologize for the timeline there, but that's when I found Rob, and I found some articles on Instagram talking about these scenarios. Scenario one, scenario two, scenario three. And this is how we know when to get in and when to get out. So I read his article. What do we know to be true about Price action? And that was a great article, and I learned more in that one article than all the YouTube videos I was watching about how to trade. And then that's when I joined his live room, and that's when, okay, things started clicking for me, because I knew when to get in, because Rob was helping. Of course rob's helping me. He's coaching me. But I got to a point where I started to know, okay, this is when I need to get in, and this is when the trade is not going well.</p><p>[00:08:25] - Jermaine</p><p>I need to get out. The system is telling me to cut it. Once I started knowing where to put my entries and where to put my stops, things started moving in the right direction, and then I started gaining confidence in my trading because I knew, like you said, when it started clicking for me is when I started trusting, okay, this is where my stop is at. And if it goes below this, I need to cut it. I need to get out, but if it sets back up, I can get right back in. But I'm protecting my capital. That was big for me, just protecting my capital. That's when it started clicking. You know what I mean? I don't need to throw a whole bunch on. I don't need to rush in the stuff. What are my actual setups? What is telling me to get in.</p><p>[00:09:18] - Agnieszka</p><p>Was that the impact of that first big loss which was a lucky loss in this case if the impact was I need to protect my capital because from experience, from my own experience. And also what I see from other traders, it's not that easy just to stick to your stop loss and actually even putting a stop loss right, because most traders think, how much am I going to make on it? And not so much I need to protect my capital in the first place. So how was that for you that you actually were so disciplined and you say, okay, I know I need to do it, and I'm just going to do it.</p><p>[00:09:53] - Jermaine</p><p>Yeah, the military definitely helps because there's a certain set of rules. Like, if you want to be effective in this, here's steps one through whatever this is. How one through five, for example, of a conversation. Here's the steps on how to do this event or how to be good at this training event. And you got to do it a certain way. And so when I sat down, I started, okay, what are my losses really coming in at? What's not working for me, and anytime it wasn't working for me is when I moved my stops down, not putting in a stop. And then another thing for me was knowing that options were not where I wouldn't needed to be at. Trading options was or is still a lot. It's not as easy as people say it is. And like you said, I've only been trading since 2019, and so I stick to common shares. And so the people that I work with, I tell them, stick to common shares. Why? Because you can put in a hard stop. I can put in a hard stop and go, okay, I'm taking this hammer on a weekly signal to the upside.</p><p>[00:11:02] - Jermaine</p><p>But here's where I'm getting out at. If it drops down too far and sometimes you get stopped out and you're like, I wish I would have stayed in because it went right back up the next day. But how many times have we also had experiences where you had no stop and it gapped way down, you know what I mean? Or you're shorting something and you had no stops, and it's gapping way up on you and you don't know.</p><p>[00:11:29] - Agnieszka</p><p>Yeah, you cannot trust the situation, what the market does. But the worst part, I think, in that is also when you don't have a stop and then it goes lower than your price and then your imaginary stop. Then the way you start talking to yourself and saying, yeah, but last time it did go back, so I'm just going to wait, right? Okay, it didn't happen today. Maybe tomorrow. And then before you know, you're just too late.</p><p>[00:11:56] - Jermaine</p><p>Yeah, you're too late. And you're just staring at it. It's like the deer in the headlights look. You're just do I when do I need to get in? When do I get out? Like, for example, today on Roku, I know we're not looking at charts, but today on Roku I got stopped out on Roku yesterday on a signal to the downside. I'm like, okay, I'm getting puts. And yesterday we all seen the market just kind of rally slowly back up on the 60 Minutes charts. And I'm like, what is this? And I got a job. I got a full time job, just like a lot of other traders. And I'm like, I got to get out, so I cut my losses. And then today this thing goes engulfing bar. Scenario three to the I'm trying really hard not to talk about Jargon, but.</p><p>[00:12:40] - Agnieszka</p><p>Scenario no, don't worry, this is for traders. So I assume that a lot of people who listening, they will understand what you're talking about.</p><p>[00:12:48] - Jermaine</p><p>Yeah, so they got this big engulfing bar on the day on Roku to the downside, and I didn't get back in. I'm working other then there's that situation again, I should have just held it. I should have just held through. So again, that's that discipline. Because I tell people, if you break your rules on this trade right now, you just take the trade. Because you know there's really not an entry. You're just taking it, or you're just going to jump in. I'm not putting any stops or you over leverage. You're just doing whatever you need to, and it's a winner. Okay, let's just say it's a winning trade, and we'll go with the positive side. First it's a winning trade, but then the next time you take a trade, you say to yourself, you automatically create that doubt. You go, okay, am I going to break my rules this time? Is this time going to be the time that works? This is where I'm supposed to get in at, and this is where I'm supposed to put my stops. But last time I just jumped in, so I just jump in and then it doesn't work.</p><p>[00:13:54] - Jermaine</p><p>Yeah, and now you have this cycle of trusting yourself, not trusting yourself, following your rules, not following your rules. I just got to the point where I was like, I'm putting my stops here. I'm going to trust the system, and if I have to get out, I will get out.</p><p>[00:14:09] - Agnieszka</p><p>That's so true, because it creates a ripple effect. Right. And I think a lot of people don't realize is that once you break the rule, it's not just this time you're breaking the rule. There is so much more that is going to happen afterwards, the internal dialog, and especially when you win that trade, right. Then it's just going to be more consequences than just this one that connected to this one trade directly. It will be much more. And I think that impact of that, that people are just not always aware or maybe don't want to think about.</p><p>[00:14:43] - Jermaine</p><p>Right. And it's hard to that's the temptation of, okay, well, I broke my rules, I made a lot of money. I broke my rules, now I lost a lot of money. So I just say, just follow your rules. Okay. You know what I mean? Because if you don't, that's when another conversation starts in your head is, okay, well, maybe this system is not working. Well, maybe I need to put in an RSI, or maybe I need to work on MACD, or maybe I need to get in before my two SMAs cross. Maybe if I get in before they cross, it'll just it never stops.</p><p>[00:15:21] - Agnieszka</p><p>Right?</p><p>[00:15:22] - Jermaine</p><p>It never stops. So then that came to the next thing is what Rob always talked about, and we talk about in the straddle, the time, what's actually happening, in the price, what's actually happening. Are they actually buying it or are they actually selling it? And to do that, we look at four different time frames. We look at the month, the week, the daily, and the 60. I'm going to say that a little slower because I say it all the time, but we look at the monthly chart, the weekly chart, the daily chart, and the 60 minutes chart, and we gage participants by price and time. So we're looking at all these time frames as like a multi analysis on these time frames to go. Okay, for example, right now, spy. I'm looking at a chart of spy, and it's inside on the month, and it's red. We look at the week, it's trading below last week's lows. It's two down. We call that scenario two down on the week. Two two continuation down. There's more selling happening on the week, which was reconfirming what we're seeing on the month that they're selling. And then on my daily chart, in my 60 minutes charts, it's red, they're selling it.</p><p>[00:16:32] - Agnieszka</p><p>Right.</p><p>[00:16:32] - Jermaine</p><p>Okay. So I don't need to be getting in here and going, maybe it's time to buy.</p><p>[00:16:38] - Agnieszka</p><p>Yeah. They say that when the blood is on the street, I need to buy.</p><p>[00:16:41] - Jermaine</p><p>Yeah, exactly. Buy. When everybody is afraid. Yeah. So then you buy. And I talked to a trade about this yesterday. Again, I'm looking at my charts. I talked about a trader yesterday because I was frustrated. There's a couple of traders that are frustrated. They were like, okay, well, we had a reversal on the 60 Minutes charts, but we still made a lower low and we made another lower low today we got all the way down to 445 on the 60 minutes charts. And that can be very I'm going to say annoying. But again, that's where our stops come in at. Because if I have that hard stop and I can say if things go wrong, I'm out, right? I'm getting out. And if you're good at options or you're good at shorting stocks, then you can say, okay, this is where I'm going to short stuff. But this whole week has been just like a yoyo effect. It's been going up, going up, it's been going down, going up. We had Fed talk, we had Energies, we got all kinds of weird stuff going. Post consumer price index and then PPI, a production price index.</p><p>[00:17:51] - Jermaine</p><p>People always say CPI, PPI. They never know what it means.</p><p>[00:17:55] - Agnieszka</p><p>Sorry, I guess I'm so used to using acronyms.</p><p>[00:17:59] - Jermaine</p><p>No, that's great. I I love, love it. It and I tell people all the time, we don't trade the news, we trade the price. So they could say inflation, it's going terrible. Inflation is still going on the highs. Everything costs more. Producing things cost more and things go to the lows. We've also seen these reports come out and the market goes, yes, we know. And it goes back to the highs anyway, right? What is the price actually doing? Is it green or is it red? Red means sell, green means buy. And I know that's a really simple way of saying it, but once I started putting that stuff together, then things clicked. Then things were going I was looking at my trades different, going, okay, I got in here. Are they buying it right now? Are they still buying it? Do I need to push my stop up? Do I need to figure out a way to get out of this?</p><p>[00:18:55] - Agnieszka</p><p>Right? Yeah. The bottom line is that you have to act on what is happening and not what you're wishing that would happen.</p><p>[00:19:04] - Jermaine</p><p>Yes.</p><p>[00:19:05] - Agnieszka</p><p>Because trading, let's be fair, it is based a lot on our dreams, on our hopes, on what we want. And it's just so very easy to fall into the trap that if things are not exactly going the way you want it, that you are trying to control it and bend the reality to what just feels much better for you and that you keep that hope. Right. It's very normal. What we also do in our daily life, we try to control things in market. We just simply cannot. The only thing we need to try to control at least is ourselves and what we do. And when you have a system that you know it works and you can trust, then you don't have to even control the system. It's just you. That's the most difficult part.</p><p>[00:19:52] - Jermaine</p><p>Yes. And as I've been trading the strat and learning other systems along with that, you can do that same type of that you can have that same mentality. You should have that same mentality using indicators because you definitely want the price and the indicator to be going in the same direction. You want the indicator to be reconfirming. Yes, we're going to the highs, right? Yes, I need to stay in this thing, even the whole RSI overbought and oversold thing, you know what I mean? You still want the price and the direction of your indicator to reconfirm each other. Because once you start talking about divergences and I'm going to short it, when this thing is at the highs without any signals and it keeps going to the highs, you're not acknowledging that, yes, they're selling it right now, you know what I mean? And like I said, I want to say heartache. I don't know if that's the right word, but that's been the frustration and frustration on trading in the last couple of days. Last few days of this week, anyway, because the price is just gapping up and gapping down and then just kind of moving in a direction that's hard to stay in.</p><p>[00:21:05] - Jermaine</p><p>And you could ignore the price, stay in your position and go, it's not telling me to get out yet, but you have to know your system.</p><p>[00:21:14] - Agnieszka</p><p>Exactly. And I appreciate that you're actually acknowledging sometimes it's just hard to trade and to look what this price is doing and try to figure it out, what it's going to do, right? Because the indicators sometimes, okay, the stock is overbought or oversold, and now you're saying to yourself, yeah, it should come down, right? So let me short it. It should come down. It's enough. It went up so much. Now I think it should come down and then you start fighting the trend. So it's just not always or most of the time not what we think. Because we have wishful thinking a lot of times.</p><p>[00:22:01] - Jermaine</p><p>Yes. I was talking to some traders, and I guess we're all talking about Nvidia. I think Nvidia is a good example of what you're saying because once Nvidia had that great earnings and everybody can go look at your charts at home around June 14, no, around May 26. We got May 30. May 30. It got all up to 420. It got all up to 420 and it was like, there's no way it can go any higher. This is it. It's at all time highs, it can't go any higher. So people are like, well, I'm going to short it now. And I'm like, well, don't do that without actionable signals, you know what I mean? You want to know like a shooting star, we call them shooters or reversal on a daily time frame or weekly time frame that lets you know this is going down. And you did have a reversal from May 26 to may 30. Let me see here. Let me say that, right? May 30 and May 31, you had a reversal to the downside. It went all the way down to 378. I'm sure these people are like, yes. Told you.</p><p>[00:23:09] - Jermaine</p><p>See, start shortening it's over, right? Yeah, I was right. It did good. And that is true. It did do great. But then the very next day went right back up and you had a reversal right back up and it got all the way back up to 401. So now you're thinking, okay, I started shorting this thing below 400. It went all the way down to 378. I didn't take any profits. The very next day it gets all the way back up to 400. You have to look at it and go, what is it really doing? They're buying. And then you're like, well, my indicator is still saying it's overbought. It has to come back down. And to hold through all that pain and frustration and doubt, it's really hard. I'd rather you take your profits on that one trade, take a victory awesome and just cut it and then move on. And if it sets back up again and starts moving down again, then you can get back in. But now Nvidia got all the way back up to 483. There's a trader, I'm sure there are some traders out there that says, I'm just going to keep shorting it no matter what.</p><p>[00:24:18] - Jermaine</p><p>I know it's going to the highs, but it's overbought. I'm just going to keep shorting it. And have they been holding since 390 all the way up back up to 482?</p><p>[00:24:27] - Agnieszka</p><p>I hope not.</p><p>[00:24:29] - Jermaine</p><p>And now it's at 429. They're hoping that they get their money back.</p><p>[00:24:33] - Agnieszka</p><p>Yeah.</p><p>[00:24:36] - Jermaine</p><p>I always speak to the average person as well on these trades because you got to know, I tell people like, you're not Kathy Wood, you can't just keep averaging down on your stuff. Nothing against Kathy Woods, but you can't keep averaging down on your trades until it means nothing. Like, I don't have that type of capital and some other people don't either. But some people do and they can keep doing that. But I'm like only losers, average losers. So if you just keep averaging down thinking it's going to go to zero, I'd rather you just cut this trade. It went well. I didn't take profits. It's going back up. I'm acknowledging what the price is doing and I need to get out of this thing because that's also going to give you confidence as well when you have a winning position. I got in here, it went exactly where I said it was going to go. I need to move my stops toward the direction of the price, and I want to hold my winners keeps going in the direction I want it to go, but I'm going to push my stops up toward the price so that if it starts going the other way, I take some profits.</p><p>[00:25:45] - Agnieszka</p><p>Exactly. And it's a very simple principle. If you want to be a winner, stick to the winners, right. Stick to the people that represent who you want to be and where you want to get to. So sticking to the loser is never a really good idea if you want to be successful.</p><p>[00:26:00] - Jermaine</p><p>Trader yeah, here's a good analogy, analogy I have on trading. Let's just say you want to have five winning positions. Five winning positions. And here's my entries, 12345. They're in there and so far they're going great. And it's kind of like inviting people over for a party. You got five people come over, you got the drinks, you got the music, you got the right atmosphere, everybody's having a good time. And then all of a sudden two of these guests start having they started having a little argument about, I don't know, maybe the music. They don't like the music because this artist has politics. Sale I'm not going to talk politics here, but they start having a conversation. They're not having a good time. Now these two guests have an attitude now and they're kind of bringing down the mood of the party. They're not dancing now. They're like now they're complaining about the drinks, they're complaining about the food and let's just say the party. But the other three guests, they're having a great time. They're engaging, they're telling jokes, they're having fun. And let's say by the end of the night, you're like, I have a house big enough, everybody gets their own room.</p><p>[00:27:15] - Jermaine</p><p>We're going to spend the night. Are you going to let these other two people that are not having a good time spend the night?</p><p>[00:27:21] - Agnieszka</p><p>It's such a great metaphor.</p><p>[00:27:25] - Jermaine</p><p>How much confidence that you have that they're just going to sleep it off and in the morning they're going to do better. So you let everybody spend the night. Everybody's got their own separate rooms. They spend the night, all the blankets, everything's great, temperatures are great. They wake up in the next morning and you're hoping that these two come out of their rooms having a good time. You know what I mean? They're happy. They got over whatever was going on, and you feed them pancakes and everything is great. But in reality, what's probably going to happen is the three people that are having a good time, they're going to come out and continue to have good breakfast and then have a good day. And the other two are going to be worse. They're going to be worse than they were before. That's a metaphor I use for trading. Like, I got three positions, I got five positions. They're doing great. Three are winners. Two of them are going red, okay? Two of them are red. And I'm looking at the charts and there's no evidence that I need to be holding these positions. I need to cut them because if you let them stay at the party long enough, they're.</p><p>[00:28:27] - Jermaine</p><p>Going to ruin the profits that you're gaining from these other three trades. Yes. And what a lot of people do is they'll say, okay, well, these three trades, they're doing great. I'm going to go ahead and take profits on these three. They were great. And then I'm going to hold these losers, and hopefully they'll come back. All right, go back to the analogy here. The three people that were having fun, they were dancing. You got to a certain part of the party, you're like, okay, guys, have a good night. You guys can leave. And then the other two that are having a bad time, you guys can spend the night, and hopefully tomorrow you'll have a good right. I'll make breakfast, we'll go to the movies. It'll be fun.</p><p>[00:29:09] - Agnieszka</p><p>No, it's not going to happen. And you have to put so much more energy into it, which would, in trading, it would translate. Most likely, you would come up with this idea, I'm just going to add to it. Right? I will put just more capital into it so I can average down, make things better. They never become better.</p><p>[00:29:27] - Jermaine</p><p>No. Yeah. Now, your guests that spent the night, they complained that you put too many blankets on them. That the music that you put on for them to sleep, too, they weren't really into it. And then the breakfast that you made for them is terrible.</p><p>[00:29:40] - Agnieszka</p><p>Yeah. And I remember years ago, what I used to do, I was lying to myself that, you know what? Maybe I just get rid of one, then the other one will come around. So I would sell half of my losing position and then kept the other half, hoping that when it comes down even more, I had those strategies all thought out in my head. When it would come down even lower, then I can add back the half I'm selling now, and then this will become profitable. No, because I was taking on that half. The loss, that was like, twice as much than the original loss. It was just once you start, it just never ends. Just gets worse.</p><p>[00:30:19] - Jermaine</p><p>Yes, it does just get worse, I would say. But I also say it starts the cycle. When it does work, sometimes when you're like, okay, I'll sell half. And then you get an actual signal, and it goes back up, and you're like, then you buy, and it does work. So you're like, okay, well, this worked.</p><p>[00:30:37] - Agnieszka</p><p>All right, this worked. I'm just going to start averaging down.</p><p>[00:30:40] - Jermaine</p><p>What I'm doing now. But then when it doesn't work, you're just like, oh, my goodness. At the beginning of the year, the beginning of the year, you look at Spy, it was really tough. Everybody's like, I'm going to keep shorting the market. I'm just going to keep shortening it. But we just kept creeping back up. Right. And then actually, from November of 2022 to March of was just trading sideways. If you look at the monthly chart, just trading sideways. So nobody knew what to do. Everybody's just like, what are we doing here? And that's in the strat. We were just like, okay, until we get a reversal on, we're going to go for the things that are taken out last month's highs. We're going to go where the buyers are. When Spy was red, we were like, okay, let's look at things are taking out yesterday's lows or last month's lows. Let's short those and to try to stay with the trend. You know what I mean? Always acknowledge what the trend is actually doing. But then April comes in. We actually get a reversal back up on Spy above March's highs. Two two reversal back up.</p><p>[00:31:52] - Jermaine</p><p>We call that two two reversal back up. It's been going well since then. And we used AI to say, yes, this is why we're buying. Because of AI. I don't think it's because of AI. The institutional buyers got sick of the downside. They got sick of, we need to pick a direction. And they chose. And things started going to the highs.</p><p>[00:32:14] - Agnieszka</p><p>The new buzzword, AI. Like, whoever drops AI, the stock pops.</p><p>[00:32:22] - Jermaine</p><p>This podcast uses AI and 10,000 more viewers for you.</p><p>[00:32:29] - Agnieszka</p><p>It's so funny because I saw this also in earnings, like conference calls, everyone drops the word AI.</p><p>[00:32:37] - Jermaine</p><p>Wow.</p><p>[00:32:38] - Agnieszka</p><p>Oh, my God. This is going to be the next big thing.</p><p>[00:32:41] - Jermaine</p><p>Kroger, the grocery store. Kroger was talking about AI. And you're just like, what? I hope there's not AI picking my groceries out for me or whatever they're talking about. It's crazy. So what I'm saying with all of that is you have to be able to acknowledge the trend no matter what trading system you're using. I use time frames. I look at the month, the week, the daily, and the 60. And I'm looking at, okay, where the buyers are. Where is this price actually going? For a person that uses indicators, you have to be able to look at it and go, okay, what's the actual trend? I know what my indicator says, but what's the price actually doing? Like, for example, right now, SPY starting to reverse back up to the highs after a lot of selling this morning. Okay, I don't know if you've talked about prices on your show, so I don't want to confuse anybody.</p><p>[00:33:34] - Agnieszka</p><p>It doesn't matter. Okay, now we do.</p><p>[00:33:37] - Jermaine</p><p>So the price got taken all the way down to 454 nine. And now currently, did it hit 50 day?</p><p>[00:33:46] - Agnieszka</p><p>No.</p><p>[00:33:47] - Jermaine</p><p>Well, I'd have to turn on the 50 day to see that, but it's definitely below the 14. SMA. I kind of looked at that stuff before the show just to give you guys that do. Look at that. Some indication of what's going on with the price. But everything went low. Everything went to the lows for the first 2 hours, and now it's reversing back up. So again, that's a situation where you go, okay, what's the trend actually doing? I bought these puts. I started shorting the stock, and it went great for the first 2 hours. But what's it doing right now, right now in this moment, it's starting to reverse back up to the highs. So if I had a winning position, I need to push my stops toward the price, and I need to figure out a way to get out so I don't lose that profit. And then on the other side of that is if I was shorting something and I'm not taking profits and I haven't taken profits, and I'm not moving my stops, you need to acknowledge, okay, this is what the trend is actually doing. What evidence do you have that the trend is continuing to go down?</p><p>[00:34:50] - Jermaine</p><p>You know what I mean?</p><p>[00:34:51] - Agnieszka</p><p>Yeah. And from what you're saying, I assume and I actually haven't asked, which probably I should have is you swing trade, not day trade?</p><p>[00:35:01] - Jermaine</p><p>Yes, I'm a swing trader. I have a full time job. I tell people all the time. I have a wife. I have kids. I have a cat. I have two cats. Now, like, I'm busy. I don't have time to look at the charts all the time. But when I do, like today, when I do have time to sit in front of the charts, that's when, okay, you can look at everything that way. You can look at options and things like that if that's what you do. But I am a swing trader. I want to get into a winning position, and I want to stay in that position as long as possible. So I do want to look at those weekly time frames. I like to trade weekly and monthly time frames, and hopefully I get into a position where it continues to go up. And then through the days and through the weeks, I can just keep pushing my stops up, my stop market orders up on my common shares until I get stopped out, because how many times as well you're like, okay, I'm going to go ahead and just take this position and I got a meeting in three minutes.</p><p>[00:36:03] - Jermaine</p><p>So then I go ahead and just buy this stuff, and you go to the meeting, and the meeting is like, meeting. Then you have a meeting after the meeting, and you're like, you can't look at your phone, because that's rude. You can't do that. And you get out of the meetings, and you're looking at this thing, you're like, what the heck? What is that?</p><p>[00:36:21] - Agnieszka</p><p>That was not the idea. I'm supposed to make money.</p><p>[00:36:24] - Jermaine</p><p>Exactly. So that's why I like those hard stops. Again, I use stop market sell orders just to get out. That way, if something silly happens, I'm out. I don't have to man, why didn't I do this?</p><p>[00:36:41] - Agnieszka</p><p>Yeah, I know. Do you check also throughout the day your positions at work?</p><p>[00:36:47] - Jermaine</p><p>Yes, I do. Again, that's the strat. We're always looking at the very next 60 minutes bar that opens up. The market opens at 930. So we're looking at 930, 10 30, 11 30, 12 30 at the bottom of the hour. Because we know that's when the next participation group comes in, we want to know, are they still buying or are they selling? Was it last week when AMD was just like, they are just buying AMD. And it went great for like three, maybe 4 hours, and then they said, okay, sell. And again, that's when we push our stops up and we go, okay, this is where I'm getting out at, you know what I mean? So, yes, I would rather swing trade again with those common shares and be in something and be great and have that confidence in, okay, now it's reversing to the lows. The trend is now reversing. I need to go ahead and push my stops up, and if it continues down, I'm out. I get stopped out in profit, and.</p><p>[00:37:42] - Agnieszka</p><p>I go do something else. Because if the price goes back to your buy price, or hopefully not, but I'm there. It's not just that you didn't make anything, okay? You can tell to yourself, I haven't had anything in the first place, but then everything was for nothing, and you're just frustrated. You lose your confidence in yourself, and it's like, why did I do that? And then the whole revenge trading dynamics comes in, right? Okay, then I'm just going to get in and try it again. So I would really recommend everyone to check the Strat because I know that there are day traders who actually have full time jobs. And swing trading is not something that a lot of day traders see as something sexy. For some reason. It's very different. But swing trading is good. You can make money swing trading.</p><p>[00:38:34] - Jermaine</p><p>Yeah, exactly. So again, looking at participation groups, okay, so again, I gage participants by price and time. So if I'm trading in the month, I got four weeks. That's why I like weekly trades. If this thing goes great for two weeks, maybe three weeks, of course I want it all month. But if I got two weeks that are great, and then it starts reversing the lows, that's two good weeks of trading, you know what I mean?</p><p>[00:38:59] - Agnieszka</p><p>Right.</p><p>[00:38:59] - Jermaine</p><p>So, like, well, that's too much. I want to go day trade. So now you have, what, 20 days of actual trading? And now you have 20 different bars to deal with, okay? And then they're like, well, people just keep reducing their time frames. And then all of a sudden they're like, well, I'm just going to trade 15 minutes bars. But now you have our ten minute bars. If you trade ten minute bars, that gives you, was it 39 different bars to deal with during the day, right? I ain't talking about the week yet. I'm talking about during the day. And that's a whole another participation group. Every time that next bar opens, they have to keep reconfirming the trend or your position, you know what I mean? If they're buying each next ten minute bar opens, they have to keep buying for your position to be going well. And you're like, once it starts going down, once it starts reversing down, you have to deal with that. You know what I mean?</p><p>[00:39:53] - Agnieszka</p><p>Yeah. And the lower the time frame, you open up much more to the dynamics of getting triggered and your emotions and being over trading and being triggered by those swings from up and down. Right? Because then your hopes, your fears, the greed, and everything just comes into play. When you swing trading, you don't see that, right? Especially if you just look at the 1 hour chart from time to time. It's very different.</p><p>[00:40:24] - Jermaine</p><p>Yes, it's very different.</p><p>[00:40:25] - Agnieszka</p><p>It also depends on your, I think, personality, because I day trade. I also have a swing trade account. But day trading is just something that I feel much more comfortable with. But I trade only until 11:00.</p><p>[00:40:41] - Jermaine</p><p>Okay.</p><p>[00:40:41] - Agnieszka</p><p>And then I closed my charts. That's why I didn't know if Spy actually reached it's.</p><p>[00:40:45] - Jermaine</p><p>Moving back up, leveled it's at 446. Right now. 446, 55. But no, I love it. That's great. But that's why I look at the 60 Minutes bars as well, and I tell day traders, you least want to know what's going on with the 60 Minutes bar, because 60 Minutes tells you, this is what's happening right now, right? Then look at your daily chart and go, okay, what's happening today? So in the strat, I always tell people, especially for day trading, you want to look at those 60s you want to look at the 60 Minutes bar, go, are they buying or they're selling? And then on the day, is it green or is it red? You know what I mean? Because that's going to let you know. So I tell day traders, look at the 60 Minutes charts. 60 Minutes charts, because that's telling you what's happening right now. And then the daily charts, what's happening today. If it's green on the day and green on the 60 Minutes bars and you want to go do something crazy on the 15 minutes, you have all the evidence that you need to go, okay, this will continue to the highs because they're buying it right now, and they're buying it today.</p><p>[00:41:50] - Jermaine</p><p>And then you can start working those smaller time frames if that's what you like. But for you to only look at one time frame and go ten minute charts is all I do. You are not seeing all the other you'll see all these crazy. You could look at it later on, you're like, yeah, this was the head and shoulders, and here's the cup, and here's the lip and the handle, and this is where the breakout was. But if you just go to the 60 Minutes chart, you'll go, oh, man, they sold it down for two days. They sold it down for 2 hours and then in the third hour, here it comes. You know what? I may reverse back to the highs or at least the daily chart and go, okay, yeah, I shouldn't have did any of that because they were selling it all day. This was just some fluctuation of yeah, definitely.</p><p>[00:42:34] - Agnieszka</p><p>It gives you a context, right, a perspective. And I think trading is a lot about different perspectives. Whether you're talking about the price or you're talking about yourself, to putting yourself in perspective. Right. What you do, your emotions and everything that you're doing really needs to kind of everything that's personal, you have to put in perspectives to kind of get yourself out of it. Step back and look at what is actually happening here. What am I telling to myself? What am I feeling? What is happening here? So that you don't project it onto the market? Like your dreams, your fears, your losses that you just took because it all doesn't matter.</p><p>[00:43:21] - Jermaine</p><p>Yes, I like to tell people the things that you are the one that determines what things mean. You know what I mean? So if you're just like you take some losses and you're like, I'm a bad trader. Every time I get in, it goes to the lows. And you keep telling yourself all these negative things. It's going to create a process. It's going to create a loop, a habit. It's going to create a habit. And then, so I tell people when you're trading and you do get stopped out, you trade your system no matter what it is. I like the strat, so I say the strat, but I get that reversal against me and I get stopped out. The first thing, I'm protecting my capital. Okay? There's a participation group in there that's doing something I'm not aware of. And I thought it was going to go to the highs, but they started selling it. I got out, okay? Stopped me out.</p><p>[00:44:11] - Agnieszka</p><p>Right.</p><p>[00:44:11] - Jermaine</p><p>One thing I tell people is don't cuss real loud. Don't bang on the desk, don't yell, don't say a bunch of negative things when you get stopped out. Because again, that's going to create a system that's going to create a habit. And now you're creating a habit. So every time you get stopped out, maybe your trading platform has a little sound, like a little tweet or a little sound. You hear that sound, you're like the very first thing you do is say a curse word and you're like power.</p><p>[00:44:42] - Agnieszka</p><p>Off instinct.</p><p>[00:44:42] - Jermaine</p><p>Yeah, off instinct. But what if it was a good trade? What if that was the same sound that you pushed your stops up and that's the same sound that it makes when you get stopped out with profit. Right now you're confusing yourself because you're like, oh, I got stopped out. And you say this word and you're like that's what you do when you're mad. But you just made some money on this because of habits, right?</p><p>[00:45:08] - Agnieszka</p><p>And your body reacts to it emotionally because our mind and our body is connected, right? So when you start cursing, you start also or like, throwing your hands up or keyboard. Some people throw computers out. That's probably not very handy thing to do for the business, but it creates a stress response simply in your body. And then now you have much more work to do to calm yourself down, to be actually able to be objective and to get back into trading. If you are, like, all over the place inside of your head and stressed out and your body is switching on to the survival mode, you can trade in that condition.</p><p>[00:46:00] - Jermaine</p><p>No, it's too stressed. Yeah, it just feeds can't was it Trading in the Zone with Mark Douglas? I love that book. It's a great book. I'm sure everybody says that, but it's great because he talks about getting stopped out. And if you have all these negative emotions, you got it all built up. You're not looking at what's actually happening right now. You're not looking at this going, okay, I was shorting this, but now it's going to the highs. Your brain is not going, I need to be looking at anything that was taken out yesterday's. Highs. I need to look at stocks that had you know what I mean? There's got to be winners in there. Somebody's buying stocks. Where are they at? You know what I mean? So we can go to I know they were buying energies this morning. I'm using this as an example. I know they're buying energies this morning. Let me go right back to energies. Let me go see what they're buying. You know what I mean? What are they really in? But you can't think that.</p><p>[00:46:54] - Agnieszka</p><p>So just look for opportunities, basically, instead of ruminating on what just happened and calling yourself a loser and stupid and all kinds of things, right?</p><p>[00:47:05] - Jermaine</p><p>Let's just say it takes you 20 minutes to calm down. That's 20 minutes of you not seeing any new positions. Now the day is over. Or let's just say stick to the timeline. 20 minutes later, you're seeing where you missed, where you could have got in at. So then the whole cycle starts all over again because you're like, Well, I didn't see these things. And now you know what? Don't.</p><p>[00:47:25] - Agnieszka</p><p>Right? What's wrong with me?</p><p>[00:47:27] - Jermaine</p><p>Yeah. Self talk is very important. I tell people to say a little mantra. Rob did create this one, but I kind of pushed the idea of it being a mantra of I create winning positions, add to them, and defend them with tight stops. So that's what I tell people. Say that stuff when you're trading. Because I create winning positions. Okay, I see where I need to get in. Boom, I'm in. And then I add to it. Can I add to this position? We like to scale in? That's what we teach scaling in, and then I defend them with tight stops as the price is moving, people use them, they say trailing stops, but I call them progressive stops, continuously pushing those stops toward the price. And because I like that mantra, creating winning positions, add to them and defend them with tight stops. Because those three phrases turn into questions. They can be questions. Okay, you can look at your charts and go, okay, I create winning positions. Is this a winning position? Is my position positive or negative? You know what I mean?</p><p>[00:48:34] - Agnieszka</p><p>Very easy to answer, right?</p><p>[00:48:35] - Jermaine</p><p>Yeah, same thing. Can I add to this? Well, if it's positive, is there any way I can add to this? Yes or no? If it's a loser, no, I'm not adding to this loser. And then I defend it with tight stops. So then the next question is, okay, where are my stops at? If this is a winner, do I need to push it up now or should I just put my stops even? What should I do? Let's look at the charts, and then if it's bad, where are my stops? And if you don't have a stop, there's a bunch of other stuff that you need to be working on. So I like to use that I create winning positions because the trading psychology of the strat is already built into it, you know what I mean? That positiveness of I create winning positions is already there because you're going to have those times when you do get stopped out, and you're going to have those times when it's not I don't want to say losing streak, but you get to a point where you're like, okay, something's not working here.</p><p>[00:49:36] - Agnieszka</p><p>It might happen.</p><p>[00:49:37] - Jermaine</p><p>Right, I'm not following the trend.</p><p>[00:49:39] - Agnieszka</p><p>Yeah, exactly. And most traders do not reach consistency because not of their inability to make money, but the fact they give it back. And most of the time, it's not just the profits they give back, but much more than that. Have you ever experienced it on your own?</p><p>[00:49:59] - Jermaine</p><p>Yes, yes, I've experienced some drawdowns. I've had a tough trade on CrowdStrike earlier, back in June of this year. And you see all these people on Twitter and being a little vulnerable here, but you see all these people on.</p><p>[00:50:17] - Agnieszka</p><p>Twitter and they're like, thank you, I appreciate that. That's very important for trader vulnerability. And it's a strength, not weaknesses. A lot of people think.</p><p>[00:50:24] - Jermaine</p><p>True. I agree. You see all these people talking about made 3000% on this option. I bought this, I bought that making so much money. And I had calls on CrowdStrike. It did hit my target, but I thought to myself, nah, I'm going to keep holding it because of the monthly charts telling me it should go to the highs and I have time on this contract. Well, this thing went a little bit higher on the next day, Friday, and then they started selling it started selling down. Okay, I didn't take profits. Now I know what I'm doing. I'm the strat soldier. I got all these things. I'm doing the stuff and I know what I'm doing. And it continued to trade lower and lower and lower and I had to stop what I'm doing. And I had to get to a point where I'm like is this a winning position? No. Is this a winning position? No. What am I telling everybody else as traders? Cut your losers.</p><p>[00:51:25] - Agnieszka</p><p>Right.</p><p>[00:51:25] - Jermaine</p><p>You know what I mean? So this is me driving to work. This is me thinking to myself, this is me looking at my position. I'm going, this is not showing any evidence on the weekly, the monthly or the 60 Minutes charts that they want to buy this. They are selling it. And I had to sell it for a loss. Every once in a while you get those little wake up calls. So you have to be able to acknowledge that stuff. And again it all starts with being able to look at what's actually happening and tell yourself the truth. Am I holding a losing position? So yes, I have experienced it. I'm not perfect. I'm not a perfect trader.</p><p>[00:52:13] - Agnieszka</p><p>I don't think that exists. Right. And I think that's the problem that a lot of traders think that they will at some point be perfect. But I always say to my students, it's like there is no that one day. Then when you get there, then everything is just honey because you will be making mistakes, you will be taking losses, but it will be just very different than it will be more controlled losses and maybe you'll be making mistakes more rare than not every day. Right?</p><p>[00:52:47] - Jermaine</p><p>Right. At least I would say, you know what's happening, you know? Exactly. Okay, I know I got in this thing I didn't take we call it magnitude, but I didn't take the profit at the target. This thing's going to the lows. It went further than I wanted it to or I thought it would go. But to be able to tell yourself the truth and go this is loser.</p><p>[00:53:08] - Agnieszka</p><p>Exactly.</p><p>[00:53:08] - Jermaine</p><p>I need to cut that. That's the difference. I think that's the difference of being.</p><p>[00:53:13] - Agnieszka</p><p>Honest with yourself, integrity and just minimizing the impact of that by being honest and by stopping yourself in tracks at some point. Because what was the catalyst for you to on that CrowdStrike trade to say, okay, now I have to be honest with myself. How do you know when is that moment to hold them and when to fold them?</p><p>[00:53:38] - Jermaine</p><p>Yeah, I like it. I like it a lot. For me, I'm going to tell you how it should be and then I'm going to tell you what happened.</p><p>[00:53:47] - Agnieszka</p><p>All right</p><p>[00:53:48] - Jermaine</p><p>So again, I look at four different timeframes right now on XLE. So I want to see if there's buyers on the month. Is it green on the month? Okay. And then I'm looking for the week to reconfirm what I'm seeing on the month, and then I'm looking for the daily and the 60 minutes charts to reconfirm what I'm seeing on the week and then the month, of course. So let's just say I got a stock, they're buying it this month. It's going great. Here's my weeks, it's continuing to the highs for you at home. You can look at XLE if you don't know what stock you could even look at right now. You can look at XLE because it's green on the month. It's green on the week right now. And then your days know as the days are reconfirming what we've seen on the week, what we want, an ideal stock, an ideal trade is I'm getting something that there's buyers in the month that I get in a reversal on the week and then continue to buy it all day, every day. And every 60 minutes chart, it's amazing. It goes back to the high.</p><p>[00:54:46] - Jermaine</p><p>Every day continues the highs, of course, that's the dream, right? But it's not going to happen every day. So as those days trend, are they continuing to move up? Or is the trend slowing down and now they're taking profits? Then you move your stops in a direction. So that's how we do that. That's the ideal way in that crowd strike trade. I had a scenario two on the month, meaning the month was trading higher than the previous month. I did hit my target on the week. I hit my target on the day. And then on the 60 minutes charts here, it starts moving down. I'm like, okay, all right, I can hold through some of this because we know people are taking profits. We know other people. Again, I just said we like to add to our winners. And we know not everybody trades the strat. Some trading systems say always be selling. So we know people are going to here it is. Now they start selling you're like, okay, like I said, I'm the strat soldier. I know they're taking profits on the 60 minutes charts. Okay, fine. Then the daily chart, there's a reversal on the daily, okay, now it's a two two reversal down, meaning the current day was trading lower than the previous day.</p><p>[00:56:04] - Jermaine</p><p>All right, now we have reversal back down on the daily chart. I got the 60 minutes charts that are red, the daily charts that are red. And then when I finally had to make a decision, like, I have no evidence to keep holding, this was when it started reversing on the week, because now I have again, I'm looking at all four time frames. I got red on the week, red on the day, red on the 60 minutes charts, and they're selling this thing. I need to get out of this. I need to follow my own rules again. I need to follow my rules and go, is this a winning position? And I need to cut this. Thing. Like I said, I ended up selling it for a loss. And it's always important to know when to tell you. I said tell the truth. No, this is a loser. You didn't take profits, whatever. Deal with it. Just cut it. Because if you just keep holding it and you're like, it's going to come back. It's going to come back.</p><p>[00:57:00] - Agnieszka</p><p>What if it doesn't?</p><p>[00:57:02] - Jermaine</p><p>Yeah, what if it doesn't? You're like, well, it's an option, you know what I mean? Do you really want to lose all you don't want to lose some people say, Well, I don't care, so I don't want to say that. I want to say you don't ever want to have the mindset of it's okay for me to lose everything in this option, or it's okay for me to lose everything in this stock and for the whole thing to go so negative. You know what I mean? You never want to have that type of mindset, not if your goal is.</p><p>[00:57:28] - Agnieszka</p><p>To make money anyway, correct?</p><p>[00:57:30] - Jermaine</p><p>Yeah. Not if your goal is to make money. But I'd say the hardest times when that happens is when things have been going well. Things have been going well. You've had a good run, things have been going well, and you have that one trade that's just not working right, and you don't want to sell it. That's when you have to, like you said, be vulnerable with yourself, be vulnerable with the people that you're trading with and go, okay, I'm in a losing position. I need to cut this thing.</p><p>[00:58:00] - Agnieszka</p><p>Yeah, thank you for sharing that experience. I really appreciate it. And I think that there is a lot to say about accountability, which is very different in trading, because in our daily life, we always have someone else who holds us accountable for the things we need to do, right? Whether it's in your job, you have colleagues, you have a boss, maybe you have employees at home, you have your wife, you have your children. There's always someone watching you, right? In trading, it's just you and a computer. Nobody's watching you. You can do whatever you want. So now you have to be the person who has to kind of hold yourself accountable and say, come on, what the heck are you doing?</p><p>[00:58:43] - Jermaine</p><p>Yes, and I wanted to say this earlier, so I'm glad you said that, because in sports, in the military, in any kind of profession, doctor, lawyer, all that stuff, any kind of profession that you have, you have other people that you're working with to achieve a goal, you know what I mean? So even if you're the manager, you need all the people around you to make that stuff happen, and you have to work with them. And you're using a lot of stuff to a lot of your personality, a lot of your skill set, a lot of influence that you have to make things go in a direction that you want especially in the military, I say, get your stuff and get on the truck. You can raise your voice, but at home, you can't do that. Or wherever you're trading, you can yell at the screens all day long, but that price is going to do whatever that price is going to do. So you can't really influence the market so much with your yelling and your personality at all.</p><p>[00:59:48] - Agnieszka</p><p>Maybe there will be a chance with AI, who knows?</p><p>[00:59:52] - Jermaine</p><p>I told you to get up there. I told you to keep going up. Okay. Oh, no.</p><p>[00:59:59] - Agnieszka</p><p>Can you imagine?</p><p>[01:00:01] - Jermaine</p><p>Oh, that's going to be great. But then the reality of things is it's going to be a lot of people. There will be millions of people screaming in the microphones, and then the market will come right back to what it was before, where it's going to do what it's doing, because we got millions. Me and you see this thing as going to the highs. These other people over here see this thing as going to the lows. So they're selling, and everybody people say the market doesn't care about you and all this other stuff. The market doesn't even know who you are because the market is not a thing. The market exactly. The only responsibility the market has is showing you what the price is right now. That's it. That's the only responsibility. Anybody. You know what I mean? I hope you're paying for real market data for that, because then it doesn't have that either.</p><p>[01:00:51] - Agnieszka</p><p>Then it's just a game you're playing with the right data.</p><p>[01:00:55] - Jermaine</p><p>Exactly. All it's doing is showing you what the price is right now. And again, no matter what trading system you use, we are trying to identify the trend and identify it early enough that we can profit from it. That's what we're doing. And we use historical data to do that. Like I said, the spies continue to the highs at 447 16. It's moving. Hammer enforce on the 60 Minutes chart. It's moving up. And if you're still shorting something, you got to be telling the truth. This thing I'm shorting is the thing I'm shorting, is it still going to the lows? No, this thing started moving back up. So that's my whole thing. And in the art of cutting losers, that's what I say, you got to be able to tell the truth. Put your set, your stops, and what's the price actually doing? Is it going against you, or are you trading with the trend? You know what I mean? Even if you're in the trend, is your position good? You know what I mean? Because we talk about that. That's a whole other conversation. You want to talk about bills and all this other stuff.</p><p>[01:02:05] - Agnieszka</p><p>It's so interesting because we people, human beings, we generally know what's good for us, right? We can figure it out. Like, deep down, you we really know what's good for us. And in a lot of cases, in our life. We do like driving. I mean, most people do obey the rules. Like when they see the red light, they will stop. Well, not always. Where I live, I know Florida is known from really bad driving, but in general, right, we know what's good for us. And for some reason a lot of times we do choose to do the opposite. Like look, for example, diet, right, or not exercising. There's a lot of stuff that we do that are not in our best interest in trading. Making these decisions, whether you choose to act in your best interest or not, can be a little bit tricky because with regard to taking losses, taking a loss does not seem rationally to be in our best interest, just the wood itself, taking a loss, right? So it kind of messes up in our head, our emotions. It messes us up because who wants to take the loss? I don't want to lose, right?</p><p>[01:03:24] - Agnieszka</p><p>I'm supposed to make money. I don't want to lose. So what is your take on emotions in trading in general? Especially the emotions with regard to cutting losses? Because small loss, it doesn't matter, right? It's like a little cut, no big deal, but when it gets out of hand, it's a different story.</p><p>[01:03:43] - Jermaine</p><p>I like it. That was good. It kind of makes me like we should have like a think take and come up with a different word than loss. Like the psychology of the word. That's great. I say taking small losses is what we want to do because again, that's when things kind of clicked for me. Taking small losses because we want to protect our capital, we want to keep trading. And if you break the rules, let's say you're driving analogy, you don't really stop at that stop sign. You just kind of pause a little bit and coast on through. Like everything's fine.</p><p>[01:04:18] - Agnieszka</p><p>Just look around. Is there police?</p><p>[01:04:21] - Jermaine</p><p>Yeah, there's no police. I don't see a school bus. There's nobody. But what's that one time that you just kind of tap on the brakes on that stop sign and then now you're in a crash, right? You know what I mean? You know what I mean? Because you're like, I didn't see that car because you didn't see that car coming. You didn't see you just thought it was okay to cut this person off. In trading, in driving, I like that driving. In your driving analogy, you can get away with stuff and then by the time somebody catches it, you're gone. It's fine. In trading, there are times, like you said, you're by yourself. There are times you're going to be tempted to do something crazy or just hold on to that losing position and it comes back and you're like, I knew it, but I'd rather you cut that thing. Just tell yourself the truth. I was shorting this. It was great. I need to go ahead and if I'm still in a profit, go ahead and take the profit. Or if this is a loss, I need to go ahead and cut this loser now because it's small.</p><p>[01:05:20] - Jermaine</p><p>And let's just say the market is going well for this hour, you know what I mean? Or this day, tomorrow it could go right back, like you said, CPI, it could go right back to the lows. I'd rather you cut this thing, don't lose a lot of money. But if it goes right back to the lows tomorrow, you got the capital to get back in. You have also the mental capital. The mental capital to get back in.</p><p>[01:05:42] - Agnieszka</p><p>That is so important, right?</p><p>[01:05:44] - Jermaine</p><p>Yeah.</p><p>[01:05:45] - Agnieszka</p><p>Because how many times when you keep something overnight and in my experience, when I did that, and sometimes I would still do when I think, okay, it was going up, I'm keeping it. But the moment that it opens, okay, it happens. The whole market gapped down. Right. Something happened. And then you're in a completely different spot. Now you cannot look for opportunities. Now you're looking at the open. What am I going to do with this position? Right? What is it going to do? Like, where do I cut it? Because now you're taken by surprise. And in the past, I have to say that when I left and you're talking about the people who stay overnight at the party, the losing position always gets bigger the next day. Always.</p><p>[01:06:29] - Jermaine</p><p>Yeah, it's worse. Yeah. That person gets up angry. Yeah. They're frustrated about everything. And I agree, too. I was talking to a trader yesterday, having a winning position, and then the entire market gaps down overnight. That's tough. That's tough. That's when you go and you just cut it because it could keep, you know what I mean? Because you don't want to.</p><p>[01:06:52] - Agnieszka</p><p>There's a reason why market gaps down, right?</p><p>[01:06:54] - Jermaine</p><p>Yes, there's a reason. And maybe it's something like the whole credit thing on Wednesday was that last Wednesday, the whole credit thing completely changed the market to the downside completely. Everything backed down and everybody was like, what the heck is this? No one saw that coming. Nobody saw that coming. Don't let anybody tell you that they did. And all you could do was just cut your losers and what is the price actually doing now? So, yeah, holding a winner and it gaps down, it's a loser. Just cut it, that's tough. But then holding those losers. Yeah, you're right. Holding those losers and then the whole market gaps down, and now it's even worse.</p><p>[01:07:31] - Agnieszka</p><p>Right</p><p>[01:07:32] - Jermaine</p><p>You got two problems. Yeah. You got two problems. You got a capital, you got a losing position, and then you have your like, why do it? Put it exactly. Why did this stupid thing, this stock trades, they make coffee cups. Why did I even buy this thing?</p><p>[01:07:50] - Agnieszka</p><p>I know, yeah, we can laugh about it now, but when you are in the moment, in the heat of the moment, it's just, like, totally different, right? It just destroys you.</p><p>[01:08:02] - Jermaine</p><p>You're like this stupid, stupid AI.</p><p>[01:08:05] - Agnieszka</p><p>I know. Can the AI please fix it?</p><p>[01:08:11] - Jermaine</p><p>You can't go back either. You can't go back either. Like I said, you go to work. It thinks, hey, don't worry about it, boss. I'll fix this. Don't worry about it. We'll fix it. You can't do that with your chart. You can't go.</p><p>[01:08:20] - Agnieszka</p><p>You really have to be always responsible. I think it's a lot about responsibility and continuing with this analogy of driving, just imagine when you are deciding to take risk and you are in your car on your own, right? Okay. You might go through the red light and say, okay, I might be lucky. Nothing is going to happen. But you are risking your car. You're risking your life. And if you have a family, you are also risking impact on them, right?</p><p>[01:08:51] - Jermaine</p><p>Yeah.</p><p>[01:08:52] - Agnieszka</p><p>So ask yourself, like, if your family now would be in the car, how different would you think? Because when you are trying to make a living trading and make money, it does have impact on everyone else, not just you. And I'm not talking just a financial impact, but when you have a bad day trading and you don't know how to control your emotions, you take that to the dinner table, and everyone knows, your whole family knows it was a red day or it was a green day, right?</p><p>[01:09:20] - Jermaine</p><p>Yeah, that's true. That's true. And that's where those small losses come in at, because, you know what I mean? It's less of effect on you. I'd rather you just cut it. But yeah, you're right. And I've experienced that as well, and that kind of pushed me more because I had the strat, and then I started, okay, let me learn this trading psychology stuff. That's when that became more apparent and more evident as well, because you're right, and when your trading affects your emotions, that's when, like I said, the cycle. You're happy when you're doing great when you're making money, and you're sad when you're losing money. So then, like I said, it just turns I tell people, Use your emotions. We're emotional beings. We're not robots. We're emotional people. So that means we are emotional traders. We are so don't try and be a robot. Don't just go, well, that was $1,300. Oh, well, no, you need to be going, okay, that's not acceptable. I don't like that. You know what I mean? What am I doing wrong? What do I need to fix? You know what I mean? And then using your emotions while you're trading, you know what I mean?</p><p>[01:10:34] - Jermaine</p><p>Use them in your best interest is what I'm trying to say. Use them to help you out. You know what I mean? Okay, I got stopped out. It was a small loss. Fine. The market's going back to the highs. I know I can do this. I know where the stocks are. I know what they're buying I'm going to create these winning positions in that, you know what I mean?</p><p>[01:10:52] - Agnieszka</p><p>Right.</p><p>[01:10:53] - Jermaine</p><p>It try to do that, but yeah. Okay, so you're driving one more time, but one more thing about the driving, that's another analogy about driving I like to use. Okay, so you're in the car, you're saying, I'm going to work, and you start driving to work, and all of a sudden you look up and you see you're in the wrong lane and you've missed your exit, and you're going in the wrong direction. You absolutely know you're going in the wrong direction, but you look at your gas tank and go, I have a full gas tank. I am not turning around until I'm at a half a tank, and then I'm going to get off and turn back around because then I'm definitely in the wrong. Right? That sounds ridiculous, right?</p><p>[01:11:33] - Agnieszka</p><p>Ridiculous, if you put it that way.</p><p>[01:11:36] - Jermaine</p><p>You will never do that. Most people are like, wait a minute, where are you going? Even the people, like you said, it affects your family, the passengers, the kids in the back are like, where are you going, dad, where are you going?</p><p>[01:11:50] - Agnieszka</p><p>And you go like, I know where I'm going, I know where I'm going.</p><p>[01:11:54] - Jermaine</p><p>This road is going to take me where I'm going to go. And everybody's in the car is going, no, you don't know. And then you're like, okay, well, I'm going to find an exit and I'm going to get off and I'm pull back around. And then you finally do it.</p><p>[01:12:05] - Agnieszka</p><p>Right?</p><p>[01:12:05] - Jermaine</p><p>So using that with your trades, if it's not working and it's going the other direction, get off on an exit, cut that loser and cut that losing position and then go the other way. You know what I mean? Right.</p><p>[01:12:19] - Agnieszka</p><p>Get in a driver's seat and be responsible.</p><p>[01:12:22] - Jermaine</p><p>Yeah, this thing's going the other opposite direction. So yeah, you kept saying driving. I kept trying to bring that up, but I fantastic.</p><p>[01:12:30] - Agnieszka</p><p>You can find so many situations, right?</p><p>[01:12:32] - Jermaine</p><p>Yeah.</p><p>[01:12:33] - Agnieszka</p><p>Because in the end, you have to be always, whether it's your life or trading, you have to be in a driver's seat and be responsible.</p><p>[01:12:41] - Jermaine</p><p>Yes, you said driving, but I like it into running. You can have a pack of people and we're all running in the same direction, run a five K, and you'll know what I'm talking about. Everybody's having a good time, but it's still you against you. It's still a one person sport. Same thing with trading. It's a one person sport. I can tell you, just keep, just stay in there, you're going to do great. There's no reason to get out of this trade. I can coach you as much as I want, and I can say it's going to the highs, but you still haven't hit the button to get in, or you still haven't hit the button to get out because it's a losing position. No matter what I say, it's still the individual person that has to make those decisions. And the same thing with, like I said, running. I'm a runner. We can run in a group, and we can come on, you got this. Only two more miles left. But if that person does not want to run anymore, they're going to stop running. You know what I mean?</p><p>[01:13:39] - Agnieszka</p><p>Right.</p><p>[01:13:39] - Jermaine</p><p>And you as a person, you have to have that mindset, that strong trading, that strong psychology that says I can do this.</p><p>[01:13:47] - Agnieszka</p><p>That brings me to my last question.</p><p>[01:13:50] - Jermaine</p><p>I talk a lot. My bad.</p><p>[01:13:52] - Agnieszka</p><p>No, this is fantastic, and I could go forever. Do you think being a soldier did contribute to your success in any way? And if so, which aspect do you think helped you? Do you find yourself being more disciplined than what you see from other traders? Or is this not about the discipline part?</p><p>[01:14:11] - Jermaine</p><p>I think it's about being more disciplined in the fact that the army definitely tells you when you're doing it right and when you're doing it wrong. There is no ambiguity there's not like, well, no.</p><p>[01:14:24] - Agnieszka</p><p>Right. So the honesty in feedback, yeah, it's.</p><p>[01:14:27] - Jermaine</p><p>The pass or fail. Yes, you did good. No, you did not. And to be able to look at my trades and look at something like that and go, yes, I'm doing right. You know what I mean? These are winning positions or these are losers. I need to cut this. That has helped me with that big time. And then the other experiences have helped me in the fact that being able to work with other people, other personalities, work with other people, see how they do it, and then I guess I'm talking more about working in a community of traders. You're like, okay, this is what we need to be looking at. And showing people being in stressful situations helps. I'm trying to bring it back to trading instead of talking about teaching discipline, of knowing if I'm doing it right or if I'm doing it wrong. That has helped me. And in stressful situations in the military have helped me as well, because that's when the training takes over. The training takes over.</p><p>[01:15:30] - Agnieszka</p><p>Muscle memory.</p><p>[01:15:31] - Jermaine</p><p>Muscle memory. And the whole we say it all the time. Don't get the FOMO, don't get the AMD is going up. I knew it was going up and I didn't get in. And now she get in. But you don't have an entry in. It is going to the highs. It is going up. You would be trading with a trend, but you don't have an entry into this. You're just buying.</p><p>[01:15:52] - Agnieszka</p><p>Yeah, you cannot jump on a riding train. Right?</p><p>[01:15:54] - Jermaine</p><p>Right. That's where the muscle memory of the practice comes in at, and the training takes over. When you have a loss, again, when you have a loss, you have to look at it and tell yourself the truth. And that's when the training comes in and go, okay, this is a loser. Cut it, or this is a winner. Push my stops up. This is good. I need to push my stops somewhere in here so I get stopped out. Profit. Well, I didn't get stopped out. It's still going good. All right, good. Keep your stops there. Add to it. You know what I mean?</p><p>[01:16:23] - Agnieszka</p><p>Yeah. Finally, it happens, what I wanted. Oh, I can't handle this.</p><p>[01:16:26] - Jermaine</p><p>Finally, it happens, what I wanted. Yes. All the times of me talking positive, all the times of me studying these entries and where to put my stops. It's finally doing what I needed to do. Awesome. And that's when, like you said, it's heaven and everything's. Butterflies and the reins of owes. Great. And you're in heaven. But even then, you know what I mean, when that trade is over, the process starts over. Yeah, that's the military has helped me with that as well. The process starts over.</p><p>[01:17:02] - Agnieszka</p><p>Okay, great. And I have to ask this question. I know I said it will be the last one, but you said something that triggered that. You said feedback, whether you fail or you pass. Well, a lot of people have the fear of failing. Have you ever had that? And if you did, what helped you to overcome that? Fear of failure.</p><p>[01:17:25] - Jermaine</p><p>Yeah, failure.</p><p>[01:17:26] - Agnieszka</p><p>Failure, because it's very easy. Like, okay, you failed or you passed, but failing, that's a hard thing to bite, right?</p><p>[01:17:35] - Jermaine</p><p>Yeah, it is. And are you talking about fear and trading or just fear of failing in trading or fear of failing anywhere in any kind of thing?</p><p>[01:17:45] - Agnieszka</p><p>I think that's the same thing.</p><p>[01:17:46] - Jermaine</p><p>It is the same.</p><p>[01:17:49] - Agnieszka</p><p>I think if you don't want to fail in your life in general, as a person, it will come out in trading.</p><p>[01:17:56] - Jermaine</p><p>Yes, it will. But that's where I put my stops as well, and that's what helps me move with my stops. I don't want to fail what is actually failing and identifying what that is, I think that helps, too. Identifying what that means as failing, I believe continuing to try even though you haven't hit your goal, but you're continuing to try. I think you haven't failed yet. I think when you quit and you 100% say you quit, then you failed. You know what I mean?</p><p>[01:18:26] - Agnieszka</p><p>Got you. I think that's when you actually quitting is failing.</p><p>[01:18:28] - Jermaine</p><p>Yeah, I think quitting is failing, but I say that in the context of, okay, I define failing as okay, blowing up my account, that's failing. I never want to blow up my account. So this is a losing position here's. My stops. There's no evidence on these charts that tell me this is to go back in the direction of my favor. I need to cut this thing because I need to protect my capital. If I continuously whittle down my account, I'm going to blow my account up. Then I'll fail. You know what I mean?</p><p>[01:19:04] - Agnieszka</p><p>You completely switched the perspective. So basically, failing is not like, oh, I didn't make money, but the failing is I failed to protect my money.</p><p>[01:19:12] - Jermaine</p><p>Yes. I like that. You sum that very well. Failing to protect your capital. And if you're having a losing streak, you have to be able to tell yourself, okay, am I protecting my capital by continuing to try continuing to trade? You know what I mean? Yes or no? You know what I mean? And tell yourself the truth. Okay, well, I don't know what's going on right now, but every time I take these options, they're losers. I don't know what's going on with the market right now. It's hard to identify that they're selling it in the morning, and they're buying in the afternoon. I don't know what's going on. Tell yourself the truth and go, okay, this is what's happening. And take a break. Let your money settle. Let your mind settle. And if your set up opens back up and you're like, okay, this is where I need to be, and you take a small position. Take a small position, and if you get stopped out, it's a small loss. You know what I mean? Small loss. Never be like, oh, here comes 500 contracts.</p><p>[01:20:12] - Agnieszka</p><p>I'll be rich tomorrow.</p><p>[01:20:14] - Jermaine</p><p>I'll be rich.</p><p>[01:20:15] - Agnieszka</p><p>Yes. So taking a break is not failing, and sometimes it's the best thing you can do.</p><p>[01:20:21] - Jermaine</p><p>Taking a break is not failing. Yes. Taking a loss is not failing. You have to define what failing is to you and then take a break. Take a break if you have to. I don't want to talk too much about it because I want to keep it where you said it. That's good. Take a break.</p><p>[01:20:38] - Agnieszka</p><p>Awesome. Well, that brings us to the end of the episode and because we have talked a lot about the price where it is right now, and some charts for everyone who is listening. This episode is recorded on August 9, so if you are listening, it somewhere probably in September or so, maybe early October. Don't be surprised if when you look at your chart at that day, that it doesn't make sense, because we are in August right now.</p><p>[01:21:10] - Jermaine</p><p>Hopefully they're like, wait a minute. It was at 447. This is where I should have got in then.</p><p>[01:21:18] - Agnieszka</p><p>Right? Maybe we should be doing this episode live.</p><p>[01:21:21] - Jermaine</p><p>Yeah, that's it. Yes. That's funny. On The Weekend Shift, on my show on The Weekend Shift, I do it every Saturday, and we sum up what we talked about during the week, and sometimes I'll do some set here's, some setups to the downside, and then the very next Saturday, I go, well, that didn't work, but we knew when to get out. We knew when it wasn't enforced anymore. We knew when, okay, the buyers are coming back in or now they're selling whatever it is, and these actionable signals are not in force anymore. So you got to laugh at it. You got to have that humor you do.</p><p>[01:21:56] - Agnieszka</p><p>So where can people find you? Where can people hear about the strat? And are those shows publicly available for everyone?</p><p>[01:22:05] - Jermaine</p><p>Yes. So if you go to Sepiagroup.com Sepiagroup.com, that all the episodes are free. If you go to the about section, you'll see Jermaine Recruiter and you click on it and you'll see My Big Old Head, and then you go to the weekend shift. You can even go to videos, and all the videos are there. It's 100% free show for everyone, and we love to do that. So every Saturday we slow the strat down. We talk about what happened in the charts and what we're looking for, for next week. And I usually take some questions, and it's not just all about me. I'm not some superstar. I'm just a guy who likes to talk about The Strat. So I learned from my viewers as well. Some people get in there. I suggest getting in there. Put your email in there, register so you could be in the chat. Because we've had some good conversations on I've had whole shows. I don't say derailed, but we go on a tangent because someone asked a really good question, or someone said, okay, well, what are we looking at? Semiconductors here, let's look at this stock. And I'm like, there's no reason why we need to be in this.</p><p>[01:23:09.] - Jermaine</p><p>And I'm like, Wait a minute. And it would totally I'm saying it's dissipation. It's a back and forth and it's fun.</p><p>[01:23:16] - Agnieszka</p><p>Fantastic. I'm going to check it out.</p><p>[01:23:17] - Jermaine</p><p>Yeah, we have a good time.</p><p>[01:23:18] - Agnieszka</p><p>You can see me in the next show.</p><p>[01:23:22] - Jermaine</p><p>It's Saturday at 11:00. A.M Eastern Standard Time. We went from waking up early in the morning to watch cartoons to look at candles on Saturdays. So we went from cartoons to candles on Saturdays.</p><p>[01:23:37] - Agnieszka</p><p>That's where it came from, because I watched one of the shows there, and you were talking about cartoons, and I was like, what do you mean, cartoons?</p><p>[01:23:45] - Jermaine</p><p>Yeah, we're just big giant kids that can pay our bills. We're just like we went from watching all these little shows on a Saturday morning to getting up early on Saturday because most people are sleeping over on Saturday mornings. That's where that came in at from cartoons to Candles. And we have a good time. And you also check me out on thestratsoldier.com that's where I do my coaching, one on one coaching sessions. That's why I do my webinars, where I go through the entire trading system, the Strat, I need to come up with some dates for August, but those have good in the past, and those are small group things, too. There are only ten people that can be in those webinars because it's small group instruction. That's what the army made me good at, and that's what I do, small group instruction. That way you get the attention that you need. And I got some courses and a couple of other things in there too, but that's where. You can find me.</p><p>[01:24:38] - Agnieszka</p><p>That's awesome. And we'll put all the links in the notes from the show so people don't have to remember. Thank you so much Jermaine, for this candid conversation today. I really appreciate you sharing your views and experience. I really enjoyed it and as I said, I could talk to you forever. So who knows, maybe you will be willing to come another time and talk about another topic. And thank you also for your incredible contribution to the trading community. It's absolutely priceless. And thank you for listening to the Confidence in Trading podcast. Make sure you visit confidenceintrading.com and grab your free copy of my guide with Ten Easy Ways to Improve the Consistency in Your Trading. Thank you so much Jermaine.</p><p>[01:25:28] - Jermaine</p><p>Thank you so much. Thank you. This was great. Thank you. Thank you.</p><p>[01:25:31] - Agnieszka</p><p>Wonderful. If you enjoy my show, please support my podcast and leave a review on Apple podcasts and be sure to subscribe so you can come back for a real life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="82662757" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/e1e9c14f-daaf-44d2-9641-29bbcae21fd8/audio/b12254f6-0fcb-4112-a273-2abac45dfa50/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Art of Cutting Losses</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>01:26:06</itunes:duration>
      <itunes:summary>In this podcast episode, host Agnieszka Wood interviews Jermaine McGruder, known as The Strat Soldier, about the art of cutting losses in trading. Jermaine, a former army soldier with 20 years of experience, shares his journey in trading, emphasizing the importance of protecting capital and following a disciplined approach. He advises traders to focus on their setups, set proper stop losses, and prioritize capital protection. Jermaine also discusses the recent passing of Rob Smith, the creator of The Strat, and how he and the trading community are continuing his legacy by trading The Strat and sharing their knowledge with others. 
The episode provides different perspectives that traders can use to shift the way of experiencing the market.</itunes:summary>
      <itunes:subtitle>In this podcast episode, host Agnieszka Wood interviews Jermaine McGruder, known as The Strat Soldier, about the art of cutting losses in trading. Jermaine, a former army soldier with 20 years of experience, shares his journey in trading, emphasizing the importance of protecting capital and following a disciplined approach. He advises traders to focus on their setups, set proper stop losses, and prioritize capital protection. Jermaine also discusses the recent passing of Rob Smith, the creator of The Strat, and how he and the trading community are continuing his legacy by trading The Strat and sharing their knowledge with others. 
The episode provides different perspectives that traders can use to shift the way of experiencing the market.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>14</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">22138f09-2b26-4052-8ba5-a776f9e2e477</guid>
      <title>The Human Element In Trading</title>
      <description><![CDATA[<p>In the fast-paced and ever-evolving world of trading, success is not solely determined by knowledge and experience, but also by understanding the human element. Today, we embark on a captivating journey into the life of Archimed La Luce (Creed), a remarkable individual who has made a significant impact in the trading industry. From humble beginnings to becoming a Principal Investment Officer at Quasar Markets, Creed's story offers valuable insights into the way of investing, reading the markets, importance of mentorship, continuous learning, and the psychology of traders.</p><p>Creed's remarkable journey in the trading industry highlights the importance of the human element in achieving success. From his humble beginnings to co-founding Quasar Markets, Creed's story exemplifies the power of mentorship, continuous learning, and understanding the psychology of traders. By recognizing that trading is not solely about numbers and charts, but also about the emotions and actions of individuals, Creed has made a significant impact in the trading community. Through his endeavors, he strives to empower traders with the necessary tools and insights to thrive in the fast-paced world of trading.</p><p> </p><p><strong>About Archimed (Creed) La Luce</strong></p><p>Meet Archimed La Luce, affectionately known as "Creedmoor" in the financial markets. With over 10 years of experience in the industry, Archimed is a seasoned professional who has made his mark as the Principal Investment Officer at Quasar Markets Inc.</p><p>Beyond his role at Quasar, Archimed is also the visionary Founder of Nomadic Trading and Consulting, as well as The Copper Umbrella Fund. Through these ventures, he has created a legacy of success, fostering fruitful partnerships and encouraging like-minded experiences for both friends and clients alike.</p><p>Archimed's trading expertise spans across all asset classes, and what sets him apart is his deep understanding of human reactionary logic. He approaches trading from a psychological standpoint, recognizing the impact of human emotions on market movements.</p><p>What makes Archimed stand out even further is his open-mindedness and willingness to collaborate with new individuals. He is always excited to work with fresh perspectives and forge new connections, embracing the dynamic nature of the financial world.</p><p>Archimed La Luce "Creedmoor" is an emblem of wisdom and innovation in the financial markets, and his journey continues to inspire and influence countless professionals in the industry.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Archimed La Luce:</strong></p><ul><li>Mobile number: XXX-944-9666</li><li>Quasar: <a href="http://www.quasarmarkets.com/">www.quasarmarkets.com</a></li><li>Consulting/Hedge fund: <a href="https://copperumbrella.com/">https://copperumbrella.com/</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>[00:00:04.170] - Agnieszka</p><p>I am Agnieszka Wood. Welcome to the Confidence in Trading podcast. Let me introduce my special guest on today's show, Creed La Luce. Hi Creed. Welcome to my podcast and thank you so much for making the time for this conversation. I know how busy you are.</p><p>[00:00:19.940] - Creed</p><p>I want to say, Agnieszka, thank you for having me on the podcast. I look forward to the questions and let's see how this conversation goes. I always love conversations that provoke thought overall.</p><p>[00:00:31.630] - Agnieszka</p><p>Totally. And that's exactly what this podcast is about and for. So Creed, you have a long list of achievements on your resume, especially considering relatively short time you are walking on this earth, which is really impressive, this whole list. Except for being a trader and trading coach, you do a lot of different things. I see many names on your resume: American Charging Solutions, the Copper Umbrella Fund, Nomadic Trading and Acquisitions. And I'm dying to hear more about all the things you do. I know that your current main role is principal investment officer at Quasar Markets. That's very exciting and I definitely want to hear more about that, especially how recent that initiative is. But the main reason why I'm so excited to have you here is because of one of your recent interviews. I listened to you talked about how to trade and how to perceive the stock market. And you mentioned that you are not trading the price action, but you trade traders psychology. And I thought it was such a fresh perspective and I'm so curious to hear more about it. Welcome to episode number 13, the Human Element in Trading. So, Creed, could you tell us a little bit more about yourself and all the things you're keeping yourself busy with?</p><p>[00:02:03.660] - Creed</p><p>I'll keep it brief for everyone on here. The thing about it is I came from humble backgrounds on a blue collar aspect of things and got involved with the market after pursuing some other endeavors. And what really led me to this is starting to understand where does the money come from and how does the money work. At the end of the day, we do not get a job because we really like it. You get a job to pay the bills overall. You get a hobby to enjoy things. Now, don't get me wrong, if you enjoy your job, that is another aspect. And like with trading, I eat, sleep and breathe trading. So I do enjoy my job overall, but at the end of the day, we have to pay the bills. And the ideology from it was, well, where is the money? The biggest wealth generator in the world is where the markets, global markets overall. So that's something I started to dive into, asking individuals and gathering something very important that I hope people from listening to this will go and search out, be it for yourself or something else, is mentorship overall. That is something I sought out very early on and starting to be, for lack of a better term, the dumbest.</p><p>[00:03:15.560] - Creed</p><p>Guy in the room that felt he had to ask 10,000 different questions, but knowing when to shut up and listen and making sure to take notes so I could go back and study the words, the phrases, everything that I heard. Because ladies and gentlemen, we've got to be frank. If someone has been in the markets for 15, 2025 years, they are going to say and do things that you have never been exposed to. It is your responsibility as a good student of the markets and of your mentor to go and do your own due diligence, your own research. Everything you learn is exactly like a trade. You need to do your due diligence on it. After several years of going through the markets, profitable trader. I was with a couple of different communities and I was an educator with the Bullish Bears for five, six years, something of that nature on there. And what I found very important and I would say to traders going through.</p><p>[00:04:17.150] - Creed</p><p>For this is that you should eventually become a mentor because it keeps you honest, it keeps you accountable to what you're doing. Because as a good human, as a good person, how can you honestly tell somebody to keep a stop loss when you yourself are not even keeping a stop loss? So that is something to keep in mind. After my time as an educator on there, right before the global pandemic that pursued, I had several individuals that asked me, hey, as we're learning to work within the markets, we have capital that we would love for you to work with. I tossed the idea around a little bit, but really wasn't sure if I wanted to manage money for people overall well enough. People said, hey, we'll do this, that and the other. And that's what actually led to the Copper Umbrella now TrailBack the nomadic trading and consulting that was part of the education sphere. Whereas the Copper Umbrella fund was a friends and family fund that was set up exactly for that friends and family. Throughout my career as an educator said, look, I either do not have time or I see that my journey is going to take time. Will you please work this capital for me</p><p>[00:05:28.890] - Agnieszka</p><p>Just to understand, how old were you when that happened?</p><p>[00:05:35.850] - Creed</p><p>20, 26, 27, something of that nature. So I guess we'll go ahead and let the cat out of the bag. As of right now, ladies and gentlemen, I am 29 years old and you'll hear everything else and I get it. Before you turn off the podcast, what the heck does this young buck know? Keep in mind that if you spend a decade plus doing a singular thing, trust me, you will learn the ins and out if you are a good student of that thing and desire continued progression. So that is something to keep in mind because I do know people that have been in a single job for ten years and be quite frank, really haven't done much. So that's something to keep in mind is that while age is a good determining factor, it should not be your finite factor on things.</p><p>[00:06:29.150] - Agnieszka</p><p>It's not just the time. Letting the time pass, but actually using the time to do to put effort into the right thing, right?</p><p>[00:06:38.050] - Creed</p><p>Agreed. Agreed. And we all have that time and I think that's something very important to keynote on is we all have 24 hours in a day.</p><p>[00:06:48.080] - Creed</p><p>How we choose to spend those 24 hours both for refreshment labor and education is up to us. So that is something to keep in mind. But anyhow, the fund itself came together, managed that money, still managing that fund overall and then was brought on by another company for an education aspect of things. As they had saw my path they wanted me to help build the community on it. Did that for about a year or so. And now I'm on to two things that were started this year on that the American Charging Solutions which is an EV company which once again most of my endeavors actually come from my friends and clients on there and even sometimes my mentors or mentees. And that charging stations, those charging solutions. People ask me what do you think of EV? What do you think about this? Can I take my money that I've made here and can we move it over here? So once again another business idea is born.</p><p>[00:07:46.750] - Creed</p><p>But now my big endeavor that is going on which I firmly believe that I am not one to gloat, which I know is technically gloating in its own with that comment but it is going to be the thing that I finally said look, I'm ready to go to the next level. And that was backed up by I didn't just come to that decision on my own. I asked many people that have 20, 30, 35 years in the market at Goldman, JPM, people that matter within the business know just somebody that's here's an idea and that is now that I am the founding investment officer for Quasar Markets. What even is that?</p><p>[00:08:32.130] - Agnieszka</p><p>That's what I wanted to ask.</p><p>[00:08:34.160] - Creed</p><p>Quasar Markets was the brainchild of myself and my two other partners on this and we've brought on other partners but it was our brainchild together on this. And what it is is it is the Amazon of finance. What do I mean by that? The Amazon of finance on this is that you as a trader right now, even myself before I had the fund, I had three, four, five screens with where is the flow, where's the order flow, where is my charting, where is my news, et cetera, et cetera, et cetera. And the thing about it is that we have now created something that quite literally does not just bring everything, it brings the true premium of everything into this platform so that the hit of a toggle you are able to add and remove it to your platform. But something that I find is very key. If you connect with one of our educators on there and you go, I really like the way that this individual trades, I don't know, monkey bars, order flow, whatever, will actually have a profile and you're able to select all of the stuff that they have so you know that you're not missing anything.</p><p>[00:09:45.180] - Creed</p><p>And that's a big thing. Sometimes teachers and I'm guilty of it too. What we'll do is we'll talk in a presumption that somebody knows this well, what we're trying to get out of this is there are no presumptions. We are completely agnostic to everything. All the information is there.</p><p>[00:10:01.240] - Creed</p><p>Even more so though, what we're providing with this is that as you as a trader create this as a business overall, that business for you is going to allow you to facilitate transactions in the world. If you want to buy a house, if you want to buy gold, if you want to pay for pizza down at the local diner, we have the capability to do that. But even more so, and where I come into things, not just on the educational side that I'm managing, but the funded trader program and the fund management program. Don't get me wrong, if you manage to make 30, 40, 50% in a month or even in a quarter, lock that capital in and make sure you keep your taxes in play with things, but then put that money into something longer overall. And that's where the fund management services come in is it allows people to have that ability to think about your future. We have one of the highest failure rates in any industry. In fact, when I went and looked it up earlier, it's over 92% of people that do short term trading. Short term trading being six months and under on a position has a failure rate of over 92%.</p><p>[00:11:13.030] - Creed</p><p>We are trying to flip that around with our requirements and you guys can keep an ear out for when we're doing more, but that gives you the high level view. But I will be managing the educational side and the fund investment side that is not just US based, we're global. We already have the handshakes in there. And in fact, I'm working with a wonderful firm out of Estonia there and portion in Germany that they have a beautiful seasonality profile for people who are one of those individuals that just says, you know what, I can't read market psychology or I do not want to learn to read market psychology. I want something that still gives me good gains, but is pretty robust. So we got a lot of fun stuff in the works.</p><p>[00:11:57.540] - Agnieszka</p><p>Wow, that sounds amazing. And also really very complex. Just looking at that from the perspective. Okay, so I'm a retail trader, right, that is struggling with consistency. At what time frame am I looking at that I can get on that platform and what can I expect? Is this going to help me to trade better? What is this going to do for me?</p><p>[00:12:20.290] - Creed</p><p>So as an individual, and we really.Have to break this down in the psychology. No one will ever be able to trade better without self input. Quite frankly. I could take an individual, drop them in the middle of Harvard, and if they did not take the time, even though they have all of the opportunity, if they did not take the time to best utilize that opportunity, they will never grow. That's just how that works. Right now for this platform, we will have everything launched, barring complications. We all know how Murphy likes to get with things. We're looking at about 90 days to have this up and running, and we will actually start the fund management services November, but bigger notoriety on it Q one of next year. Now, the best part about this, and I'll say this again, is the mentorship aspect of it. We have partnered with Prosper Trading Jerremy Newsom over at Real Life. We've partnered with ABAC Mundeum Capital, so many other people that it's not just about being able to get money to the trader, but you knowing how to go through the steps and processes of what is the best way to do this. I do not care if you're building a house, a birdhouse, or working at the local grocery store.</p><p>[00:13:45.900] - Creed</p><p>There is a standard operating procedure within the markets and risk management. And that's what we're aiming to do. If you happen to like Scott or one of the guys over there at Prosper Trading, awesome. You can go through that educational sphere on there and work with them. And then you say, okay, I only have $50,000 of my money and I really do not want to risk my full $50,000.</p><p>[00:14:11.180] - Creed</p><p>Cool. You're able to come to any of our funded trader programs that you feel comfortable with, be it Jerremy's, be it Scott's over at Prospers, be it mine here at the firm and go, okay, I want to have capital put to this. So you're able to spend $200, $500, a $1000, prove that you learned something through this education, and the only risk capital that you actually have up there is what you paid for the initial test, for lack of a better term.</p><p>[00:14:45.680] - Creed</p><p>Now, what I advise people to do.</p><p>[00:14:48.910] - Creed</p><p>In my opinion, is that it is a good idea to set aside what we would consider a one quarter tuition from a local college. What I mean by that here in the US. And in many other countries, you have technical schools and a lot of times those are somewhere between $3,000 to $5,000 for a quarter of information and technology on there. With that being the case, let's break that number down. Let's say you're going to do $5,000.</p><p>[00:15:17.220] - Creed</p><p>For easy on that. Just good easy number, I would say. Take $2500 to $3,000 of that and spend that money on information and education.</p><p>[00:15:28.890] - Creed</p><p>The other $2,000, there you go.</p><p>[00:15:31.950] - Creed</p><p>That's your initial cost for testing or your cost for the books. Oh, but nobody has to pay for testing. Well, yes, you do. Whenever you're getting state licenses or anything like that, you actually do have to pay for testing. So that is a part of everyday life, whether or not people like it.</p><p>[00:15:47.490] - Creed</p><p>But this day and age, it used to be who was closer to the exchange plus information. Now it is your inherent ability to.</p><p>[00:16:03.340] - Creed</p><p>Be able to receive, perceive and act upon the information being presented to you. That is why we've designed the platform. How it is designed is so that the only thing that would delay your information is, quite frankly, your Internet speed overall, because we have put in the partnerships in that. Hypothetically, if I don't know, there was a new strain of pandemic coming through the UK. And that news was to hit the global wires, boom, boom.</p><p>[00:16:32.690] - Creed</p><p>It is to your system how quick you process it and whether or not you're being responsible. My mechanics out there, you know, you're supposed to be wearing your safety glasses. Well, same thing. If you do not have your newsfeed up there, guess what? You're not going to see the news.</p><p>[00:16:48.480] - Agnieszka</p><p>Right</p><p>[00:16:48.840] - Creed</p><p>It's just not going to happen. So make sure that you do the due diligence and the prep for it and you'll be able to see that with the educators. There's live trading and all of that.</p><p>[00:16:57.560] - Creed</p><p>It's one of those things that we are trying to put legitimately trying to put as much material in front of the trader to go, okay, not analysis paralysis. You're actually going to have analysis. Action is what I'm looking for on this.</p><p>[00:17:13.760] - Creed</p><p>And there's a learning curve. I won't lie to you guys and gals on this one. If you were to sign on right now, in my opinion, to start to feel confident in what you're doing, on average, I think it would take someone around four to seven months to understand the platform, the trade, digest the information, and also get time behind the keyboard. That's the thing.</p><p>[00:17:46.560] - Creed</p><p>So many people just go, I read a thousand books, let me do it. I'll steal one from Dan Pena on this one. It was I would rather have someone that has had a hundred deals than read a hundred books.</p><p>[00:17:58.560] - Creed</p><p>Don't get me wrong, you need knowledge. You need books, you need mentors, but you have to actually get into the dust to understand what's going on.</p><p>[00:18:08.060] - Agnieszka</p><p>Absolutely. Knowing is not the same as knowledge, right. And you do need the action and the experience. That sounds all absolutely so exciting and I cannot wait until that's going to go live so we can all see and experience it. So let's talk about now about you as a trader, because all the things you're doing is very entrepreneurial. Are you more entrepreneur or do you see yourself more as a trader or both? What's the proportion?</p><p>[00:18:45.870] - Creed</p><p>So that's the funny part overall. Many people that I know that are within the markets, they had a few good wins, but they made their money off of taking those wins and investing them in other things. Startups, they didn't really make it purely from the market on that. Myself, ever since 2000? No, 13. Yeah, 2013, 2014, something of that nature, because it took me about a year to start to be profitable on that. So, as you guys see, I'm on the other side of the four to seven month statistic. It took me about a year. And when I say profitable, I mean paying my bills. I don't mean making $10 a year. I'm talking about you are able to withdraw money from your account and actually pay a bill. And actually, I remember my first bill.</p><p>[00:19:44.810] - Creed</p><p>It was a light bill when I had just finished university, and that was the big component of it. So myself, I draw my money from the markets. I have other investments, I have other things, but my money comes from the markets because I am purely a trader. And in fact, even right now, not my client accounts, but my personal account on this is probably the least amount of assets I've had in it because I have been distracted with trying to get this platform or not trying actually getting every day I have meetings about every 30 minutes or so getting this platform going. Overall, right now, I think I have.</p><p>[00:20:27.450] - Creed</p><p>Maybe actually, let me look real quick.</p><p>[00:20:30.270] - Creed</p><p>I'll tell you, I have nine. I have nine stocks, keep in mind. I have well over an eight figure account. That's the personal account.</p><p>[00:20:44.700] - Creed</p><p>And wow, that's sad. I really shouldn't have looked at that.</p><p>[00:20:49.630] - Creed</p><p>But that's the thing. You have to know when to stay out.</p><p>[00:20:52.080] - Agnieszka</p><p>That's for swing trading, right? Or is that long term investing, that's swing?</p><p>[00:20:56.450] - Creed</p><p>Okay, so that breaks up another part of it. If I was to look at my. So it is, in my opinion, as a trader, when you're working with this, you have to break down your idea, your trader psychology when it comes into this. And I've always said that you need to have about three to four accounts. You need to have an actively managed account, which is typically your day trading, and any trades that are under three to six months on that, for me, it's anything under three months on there. Now, if you have something that's a longer term idea on things, that's your long term account, that you'll typically only work with that account because you should have automated orders in it. Four to six times a year is the only time you should really touch that account. And you go through and it takes a while to get everything together. The other account that, in my opinion, people should look into is a dividend account. For that, the profits that you make from the day trade account, the short term account, go into either your dividend account or they go into your six month and longer horizon account on there. And I firmly believe everybody should have a 10,15, 20 year account that okay, at the end of each quarter, I take 5%, 10% of net profits and put that into the retirement account overall for that.</p><p>[00:22:17.320] - Creed</p><p>And there are several different Roths you can put up. And if you want to see a fun one, go look up what's called a backdoor Roth on this, and it allows you to do more than your standard Roth, and you can go down that rabbit hole. But that's the thing, is separate your accounts to meet your goals. Many traders and individuals have a difficulty.</p><p>[00:22:40.110] - Creed</p><p>With realizing that, okay, where do I want to be in three, five, or ten years?And in my opinion, do not make it finite, make it in the aspect of, I would like to be at this region, this area, and for me to accomplish that, I am going to set and do these things. Because you may hit a hurdle global pandemic, you may take a big hit in an account. You may have, unfortunately, a spousal loss or a friend loss or whatever things happen.</p><p>[00:23:14.830] - Creed</p><p>So you need to have goals, but you need to know what is a finite goal and what is an amendable goal overall. Because before COVID before even me starting the other hedge fund, I retired. I straight up retired. I said, you know what? I've made my money. I'm good. I can pay myself $50,000 to $100,000 a year, whatever I choose, and just go relax for a while.</p><p>[00:23:40.330] - Creed</p><p>Well, I did that for about four six months, and then everyone started asking me about the hedge fund, and I realized look</p><p>[00:23:45.140] - Agnieszka</p><p>The shortest retirement ever.</p><p>[00:23:47.850] - Creed</p><p>Yeah, retirement is not all it's cracked up to be, trust me. But I'm a little bit jaded in that as well is because while, yes, I came up from a very blue collar to give you ladies and gents, my graduating class was 22 people.</p><p>[00:24:02.480] - Creed</p><p>So I came up from a very small area to where people do not get to travel as much as I do. But thanks to the generosity of clients and to the fact that I was able to set money to the side, to be able to do is actually even this year and most of last year, I am typically either in a different country or a different region of the US at least one week out of the month, minimum.</p><p>[00:24:28.630] - Agnieszka</p><p>That's like a dream of many people, right?</p><p>[00:24:32.150] - Creed</p><p>Well, dreams are like support and resistance levels.</p><p>[00:24:39.530] - Creed</p><p>The intensity that people will hold them is completely different, and it actually comes down to the individual. I mean, even algorithms have a threshold within them. If you want to see a fun one, go back and look up the Thor algorithm for HFT trading.</p><p>[00:24:58.950] - Creed</p><p>It was, oh God, mid 90s on there.</p><p>[00:25:03.110] - Creed</p><p>I may be a little bit off on that date. And it was for UBS. And that's the thing, is those thresholds are different from everyone, so my dreams are different than others. I always joke that the next time I will retire is when I have 500 million in free cash flow. I will give away 450,000,000 of it, take another 50 million, buy an island and then just go away you know, because I like nice things. I have a paddock, I actually just ordered in a McLaren on there because I'm a car guy. For those unaware, one of my university degrees is for automotive restoration, but I'm not going out and doing that all of the time. I believe in goals. I mean, even this watch, this was actually one of my first goals. This is a chorus vertex. It's like 700, $800, but for someone, that is quite literally two weeks pay for some people in the world. So for me at that point in time, this was a big goal overall for me to get.</p><p>[00:26:08.620] - Creed</p><p>I didn't come from any of that. But now I actually just placed an order for another watch because I have to go to the UN in September. So your goals and dreams should and will change as you advance within your trading career and within any career, trading is just a tool to give you access to other things, be it the money or the knowledge of the markets. You may not be profitable in what you're doing with your trading because you just can't hold a stop loss or whatever, but you're still building your ability for analytics. Guess what, there's 10,000 plus other jobs out there for business analytics, market analytics, et cetera. So you're not wasting time. You may not have made money and you paid tuition to the market, but you learned a valuable skill on analytics.</p><p>[00:26:58.300] - Agnieszka</p><p>I love that point of view. I'm so curious about your opinion on that. Looking at the very high rate of failure, do you think it's even possible for a retail trader to live just off trading? And I mean, like for majority of people, right? And to become really rich, because paying bills, that's one thing, but I mean really built capital from just day trading, and I'm talking day trading, not the way that you're saying putting aside and investing and just day trading.</p><p>[00:27:33.520] - Creed</p><p>It's a little bit of a loaded question because first we have to define what is rich. Rich to me is different to rich to other. Rich to me when I started, rich to me now is completely different. I mean, I have numbers in my phone that are heads of state, president, stuff like that, which me just starting out as a trader, come on.</p><p>[00:27:54.950] - Creed</p><p>Rich to me was, oh man, I'm making $5,000 a month, this is awesome. So it's a matter of perspective yeah.</p><p>[00:28:02.350] - Agnieszka</p><p>That you can afford, I don't know, going on vacations a few times a year, having a nice car, like financial independence. That's what I mean rich.</p><p>[00:28:11.540] - Creed</p><p>Would it be fair for us to say what it would take to purchase freedom? Would that be a fair assessment?</p><p>[00:28:19.090] - Agnieszka</p><p>That's an interesting question.Yeah.</p><p>[00:28:20.980] - Creed</p><p>So if an individual said that the cost of freedom for them to do what they want, give to what they want, et cetera, is, I don't know $250,000 a year, pretty round number overall. And in fact, that would put you well within the top 3% of income earners of the US. That is not that difficult to do, especially if you keep parameters in play.</p><p>[00:28:48.390] - Creed</p><p>Creed what do you mean that's not that difficult to do? Well, keep it in perspective. If you have a million dollar account Creed how do I get a million dollar account? Funded trader program. You spend your $3,000, you prove you know what you're doing, blah, blah, blah. You take a million dollar account and you, at no point in time, have more than 1% allocated per trade.</p><p>[00:29:13.100] - Creed</p><p>Now, that's different from risk, that's full allocation, right? So that means that you're going to have $10,000 allocated to it. You take $10,000 and just use the spy for an example. Right now, the spy statistically, using the ATR average true range or average trading range on a 14 period time frame, lets you know that we on average are making about a 1% move, i.e. $4.</p><p>[00:29:38.410] - Creed</p><p>So you know you're going to make about $4 of movement in a day at maximum. Now, you know your max allocation. You know your highest probability amount of movement. If I was to buy in at the money, sell a vertical, whatever. Well, right now when we look at I'm actually looking at an spy, and granted, it is Friday, so don't take these numbers to heart. And at the money is going for about 80 cent. Okay?</p><p>[00:30:08.710] - Creed</p><p>So $0.80 on that. Let's just use a dollar for an easy number on there. Ten contracts will cost you  a $1000. A 100 contracts cost you ten grand on ten grand for every $0.01 movement in the cost of that option is $1,000 profit to you.</p><p>[00:30:32.110] - Creed</p><p>Now, if we think about this and you think there are roughly 255 trading days in there, let's say your strategy is only 75% effective if you scalp three pennies on an options contract on that account using only the spy, not accounting for anything else, no wheel trades, nothing like that. You've just made about, what, $300,000 a year after taxes.</p><p>[00:30:57.230] - Agnieszka</p><p>Wow.</p><p>[00:30:57.880] - Creed</p><p>So it is 100% feasible to purchase freedom, but you will get in your own way.</p><p>[00:31:06.600] - Creed</p><p>Heck, I'll be quite frank, even with the accomplishments that everyone sees on that, and it's one of those things. I still get in my own way from time to time. And I'm fine with admitting that because my circle of friends around me, if I'm being too humble or too cocky they'll say, hey, step it up or bring it down totally overall. And that's something important.</p><p>[00:31:32.990] - Creed</p><p>Trading is lonely. The psychology of trading is only because what was it, about three months ago? Two, three months ago, like that? I was doing some zero DTES, and Janet Yellen came out and said something market trashed. Market just sank. In the course of, like, five minutes, we dropped about $5.</p><p>[00:31:52.080] - Creed</p><p>But guess what? I had a max loss on those zero DTES because by the time my limit order got well, it wasn't a full max loss, but it was a pretty heavy lot. I was doing something like 2000 contracts, so it would have been a total order of 4000 contracts.</p><p>[00:32:05.050] - Creed</p><p>I lost like 70 or $80,000 in five minutes. Now, be honest, there are not a lot of people that you can go to and go, honey, I lost $70,000 today.</p><p>[00:32:18.940] - Creed</p><p>I made it up the next two days on it. But could ask yourself sincerely, could you sit down with your friend or your coworker right now and go, man, I just lost 70 grand?</p><p>[00:32:28.680] - Creed</p><p>No, that's more than a lot of people's three year salary.</p><p>[00:32:32.010] - Agnieszka</p><p>For those unaware, I had a very similar situation. It was not because the market dropped. It was at the time when I was struggling still, like being silly and not keeping my rules, not putting my stops and hoping for the price to go back that one day. It was pretty intense. I went out after the market closed to a store, and I was coming back and I was walking with my husband and I was completely quiet. And he didn't know it yet, but I knew I want to tell him what just happened. And it happened that there was a Porsche parked, and I looked at the car and I said to him, I could buy this car with the money I just lost. Cash. It was so confronting to me because suddenly there was the money, the value that it's standing right here. And I would have never thought that this could have happened to me, that I would allow that. And that was a very pivotal point to confront myself with that it's like, okay, that's it. That cannot happen anymore. This was absolutely outrageous. So it's a big thing to actually take a lesson from it.</p><p>[00:33:47.930] - Agnieszka</p><p>And I know a lot of people who have lost a lot of money in the market that way.</p><p>[00:33:51.790] - Creed</p><p>Is it outlandish to say that it's almost better for someone to take a relatively account big loss early on, so you feel that sting. And actually this is something I do not believe I've shared on any other podcast until now, but about, I'd say about eight months into my journey, I actually became so numb to the wins and losses that I didn't even care.</p><p>[00:34:31.830] - Creed</p><p>Whether I won or lost on that or let me rephrase that, made a profit. Because won and loss really, it ties a word that doesn't need to be within your trading. But I did not care about the trade. I did not care about that. It was almost like going through the motions of making coffee. And at that point in time, I was still on not the size I put on now, but I was putting on 15, 20,30 contracts at a time. And I think the account was probably somewhere around something around 100, 150, something like that. So you start running those numbers, you go, wow, okay, you lose $5,000 on that account, you've just lost 0.7% of the account or whatever on there.</p><p>[00:35:12.100] - Agnieszka</p><p>Right.</p><p>[00:35:12.640] - Creed</p><p>So I actually had an instance to where I had to check myself and go, whoa, you just lost the equivalent of being able to take a trip to Jamaica on you, just for lack of better term, you just don't give a darn.</p><p>[00:35:29.970] - Creed</p><p>Overall, that's a problem. And that's something I have not heard.</p><p>[00:35:35.560] - Creed</p><p>A lot of other people or in fact anyone of the best minority talk about, is that some traders and some people, our brains get to the point of loss is loss.</p><p>[00:35:47.150] - Creed</p><p>There's a difference between an educated loss and you're being sloppy and slacking kind of loss, because you may have your stop loss in, you may go through that, but I would say you need to have about 5% to 7% emotion on a loss. And what I mean by that is that that emotion says something didn't happen. I feel a little something on this. I need to go back and look. And for any of my students, for any of my clients, my friends, et cetera, I've always advised in keeping an emotions journal. And I know for the guys out there, don't get me wrong, I've done a whole bunch of other stuff on that you got to keep. Mine own a ranch in Montana. There's not exactly a pansy aspect, but your emotions as a trader on there matter, especially when you're putting on real capital. I mean, I hate to say for those out there, yes, get started with $5,000, $10,000, that's great. But at the end of the market, you got to keep in mind that the markets are over $3 trillion. You could stack just the money from the forex market back and forth to the moon. I think it's something like 25 times or something like that. And that's just one market. That's not everything else. So you need to keep those emotions in check. And that's what I do when I'm trading the psychology of the market.</p><p>[00:37:15.470] - Agnieszka</p><p>I'm so happy we get to this because I can talk with you forever. I don't know how much patient people have to listen, but this is really so interesting. So, yes, tell me about the trading psychology, trading people and not the price action. What do you mean with that?</p><p>[00:37:29.410] - Creed</p><p>Yes, that's a term that a friend of mine coined a long time ago for me, actually, back when I was an educator on there. And he goes, So you're really not trading flow. You're trading emotions. You're trading people.</p><p>[00:37:45.660] - Creed</p><p>I went, yeah, I guess you're right. I guess I'm trading people.</p><p>[00:37:48.980] - Creed</p><p>And let's conceptualize this for a moment. What is the market? The market is nothing but an auction system, a tool that allows ideas to be facilitated in a solid object, such as money overall. Now, let's try and bring that in.</p><p>[00:38:10.270] - Creed</p><p>What do I mean by ideas? When a company is going up or down, and be it a commodities contract, a currency, a company, whatever, when it is moving, it is moving off of what? New information. And the people who are looking at that market reacting to that information creed. What about Algos? Guess what? Algos are programmed by people that put in parameters. Even the medallion fund. All those Those algorithms are adjusted with new information that is piped in overall. Some of the smartest minds are on that. But you know what they do? They're making adjustments, human adjustments.</p><p>[00:38:49.350] - Creed</p><p>Even AI run programs. What is it doing? It is compulating information that humans did. When the Nordstrom Pipeline blew up. Guess what? That was a human action that caused this thing that the AIS, the Algos as well saw.</p><p>[00:39:11.480] - Creed</p><p>So at the end of the day you cannot remove humans from the market. They may not be the one clicking the button to make the trade, but humans are the ones doing and making.</p><p>[00:39:25.640] - Creed</p><p>The actions that affect the underlying. So now we know every aspect of the market is affected by humans, even. If it's the weather. For those that say that, guess what? Weather goes bad. Humans are affected. They can't drive stuff. Humans. So when we get to the chart, now.</p><p>[00:39:47.630] - Creed</p><p>The common term on this, and you can go to the CMT and look this up as well, charted market technicians, not country music, television. You will start to learn about something called supply and demand zones. Now, you'll see this plastered all over 10,000 different videos, et cetera. And I buck the idea of supply and demand zones for essentially one reason. They try to separate what is going on. But keep in mind, for a market to do anything, there has to be a buy and a sell within this.</p><p>[00:40:34.080] - Creed</p><p>Otherwise, we're still in discovery phase of what's going on. When we reach these nodes, these pockets of supply or pocket of demand, they're the same thing. In fact, if you go and look at any of my videos on this or any of my material, I have written stuff out there. You can go find my PDFs and all that. I call them a business zone. Why? Because at this area, a demand came in for supply at this other area.</p><p>[00:41:07.640] - Creed</p><p>So as it was coming in and buyers step in, guess what? Supply came to demand. That's the only way that that transaction works, right? So it is a business zone, not a solely a supply zone, solely a demand zone. So now that we have that out of the way, we can start saying. To ourselves, okay, we now know humans affect the market.</p><p>[00:41:31.120] - Creed</p><p>We now know that these pockets are not separate. They are the same thing overall. The only thing is, is it above current price or below current price support resistance. That remains true.</p><p>[00:41:45.250] - Creed</p><p>We know that certain people for a fact prefer to only trade technology, biopharmaceutical, industrials. So you have a certain ideology in that market. Typically if someone grew up in rural. Idaho, what are they probably going to trade?</p><p>[00:42:06.080] - Creed</p><p>They're probably going to trade something around the agriculture section or they're going to trade something around technology. For those unaware, Idaho has a lot of technology in it. It's just kind of out there, a lot of servers.</p><p>[00:42:15.460] - Creed</p><p>But I digress, if you know that. That particular participant is in that background, that type of a previous education, that type of an ideology, then you're able to disseminate that.</p><p>[00:42:31.320] - Creed</p><p>Okay, these people have typically this type. Of a risk tolerance overall. So if we know that the people trading Caterpillar tend to be much more skittish from very volatile things, what's going to happen?</p><p>[00:42:51.580] - Creed</p><p>You're going to have a low ATR average true range. It is going to take more participation to break a resistance and it is going to be a better buying opportunity at support. So in typical as price descends down from, let's say the first of the month and gets to that lower business zone, what's going to happen? Oh my God, it's at a discount because I'm buying this for a long term move. Caterpillar is typically used for a dividend. Play on thing long term stop. So you now understand that participant, let's break it down again.</p><p>[00:43:29.240] - Creed</p><p>You know the humans that are doing it, you know how they're doing it, you know the way that they act and move within the market. So you as a trader staying agnostic to everything that's going on can go.</p><p>[00:43:44.470] - Creed</p><p>Okay, I know that these people in this market act in this way.</p><p>[00:43:50.650] - Creed</p><p>If on Apple I need 100,000 trades to break a resistance, okay, that's something where there's more volatility. But in Caterpillar I may need 200, 300, 400,000 and you're actually able to go back and see what the typical volume break is, find the average of what that is. There you go.</p><p>[00:44:13.780] - Creed</p><p>Now you have a number you can work with and say, okay, if I see more than 100,000 transactions at this area, so if it starts building up, 60, 70, 80, oh man, we're getting to that area, I should prepare to look for a break again. I'm a confirmation trader, not a presumption trader. I've presumed enough things in my life that have usually end up getting me burnt. I'll sacrifice the extra 10-15 cents.</p><p>[00:44:41.460] - Creed</p><p>Did they break it? That's just my thing. And once you see that volume building up and it confirms a break out of that resistance or support is holding. You're going to say, okay, the mentality of the participants has now stated that. At this business zone there is enough.</p><p>[00:45:03.440] - Creed</p><p>Participation and demand that they are willing to pay above this standard business price. Right in here. Example of that is if anyone has ever went for a limited edition, I'm going to be funny Beanie Baby furby, whatever, and they cost you $20. But all of a sudden you can no longer find your sky blue furby. Guess what? Instead of it only being $20, it's going to be 25, 27, 30.</p><p>[00:45:32.970] - Creed</p><p>Same with this. There is a finite amount of people willing to participate at any given time. That is a finite number. More people can come in, but there are only so many people in the market at that given time. So it's not like you can really. Work with a lot of that.</p><p>[00:45:53.670] - Creed</p><p>But you can see that. This number of people coming in has stated we are willing to pay more. What I like to look for is a standard breakout retest and it is why I utilize a specific candle called a Heiken Ashi candle on there HA candles for some other platforms. The HA candle is formulated through a sense of averages overall, as I discussed earlier on this. We have an abundance of individuals willing to pay more above this standard area. What I look for in the candles when I'm working for this is 60% or greater of the body of that candle, regardless of time frame. This works across any time frame, which surprised me, to be frank, when I started running the studies on it.</p><p>[00:46:45.240] - Creed</p><p>60% or greater of the participants have stated, yes, our average price will be above this standard. If true, what does that tell you? A majority of participants are willing to pay more so they break out.</p><p>[00:47:03.910] - Creed</p><p>We tend to see a little bit of a retest to the downside as people start to say, are you sure you want to pay more? Are you positive? Yes, darn it, I want more. Give me as much as I can have on this. The average continues to push on there. As the average pushes, you start to get that FOMO into this for all the people that were down here that said we are going to do the break, then you have the test. I like to look for a candle break or I'm sorry, a break of the high of the candle that broke the business zone.</p><p>[00:47:40.170] - Agnieszka</p><p>Right.</p><p>[00:47:40.580] - Creed</p><p>If that average is above that line. There, guess what, not all but a majority of the participants that stated, yes, we believe that there is more value to be had up here, so we are willing to take the risk of a purchase. Now in the idea that we can. Sell for more here, that's not me saying it. That's not me being looking at the market and form fitting data that is the True Blue transactions have stated, yes, we're willing to do this. The transactions that move within the market are direct representation of the humans, the idea, the psychology of the market. So I could care less if Apple comes out with the Vision Pro 37.</p><p>[00:48:28.610] - Creed</p><p>I could really care less because I'm able to see does the money of the market care?</p><p>[00:48:36.360] - Creed</p><p>I don't care if President XYZ Setter did this.</p><p>[00:48:40.650] - Creed</p><p>Does the money in the market care?</p><p>[00:48:43.660] - Creed</p><p>Because I trade a good account. I'm not trading a $7 trillion account, okay. I'm not trading the economy of Botswana. So you do not have the weight to really change that idea. Now, if you're running with Penny stocks and I actually did manage to do this with zero DTES on Spy one time because I fat fingered an order and I had something like I think it was like twelve or 13,000 contracts per side on there. You guys and Gals can go run the exposure on that one. I didn't mean to do it and I flipped it out really quick. It was a bad trade. I made money, but it was a bad trade overall, I digress.</p><p>[00:49:26.930] - Creed</p><p>You are not going to move the ideas of the market.</p><p>[00:49:29.880] - Creed</p><p>And if you can move the ideas of the market, you're not going to be on it.</p><p>[00:49:34.410] - Creed</p><p>Like, for myself, I cap myself at 25 million on an account. That's what I cap myself on on there. I've noticed that as I trade and do other things, I working with everything do not feel comfortable trading anything over that at any single point in time.</p><p>[00:49:50.160] - Creed</p><p>Overall, I know guys that trade larger accounts so that's the thing.</p><p>[00:49:54.910] - Agnieszka</p><p>Let me ask you about that. How did you build that immunity? Because a lot of traders don't have large accounts like that, right? And the process of sizing up requires building an immunity to your risk tolerance, right? How did you started build your risk tolerance? For example, let's say at the beginning, maybe you were risking, I don't know, $100 per trade, then maybe $1,000. And do you still remember how that process went or were you just like, I'm not thinking about that and doesn't do anything to me.</p><p>[00:50:34.380] - Creed</p><p>So this is the formula I use to build my account and what I've taught actually no. Now it's probably thousands of people, now that I really think about it, to build theirs and it's a metric that seems kind of odd because the words I use and you may have to slow down replay this part, but just bear with me. So let's say you're starting with a $10,000 account on there.</p><p>[00:51:03.810] - Creed</p><p>Realistically to see any type of progress that is appreciationable. Let's say you've already built a little bit. You've got your indicators, you got that, but you still got a 10K account.</p><p>[00:51:13.480] - Creed</p><p>Okay?</p><p>[00:51:13.750] - Creed</p><p>We're talking risk management here, right?</p><p>[00:51:15.980] - Creed</p><p>You would never allocate anything more than 10% of the account value to any singular trade so we would have $1,000. Creed why would you only allocate 10% when you have 10,000 to work with? Because anything can happen, especially in this market. So if that position you put on for whatever news comes out, you become unaccountable to what you're doing. Whatever, you take a total loss you only lost one 10th of the account.</p><p>[00:51:48.260] - Creed</p><p>And in this economy, $1,000 is $1,000. Don't get me wrong, I still argue over a $4 cup of coffee. But the thing about it is you can come back from $1,000 loss. It may take you a couple of weeks, but you can come back from $1,000 loss. Now, amongst that allocation, you're able to figure out your trading metrics, okay, I have $1,000 I can work with. With that $1,000, I'm expecting a $4 move in the market. My options cost is $2. i.e.I can purchase five contracts overall. Within that five contracts, I am willing to risk down to this level or above or take profit at this level.</p><p>[00:52:37.190] - Creed</p><p>And that's why for books and for lack of a better term, BS Media, the idea of, oh, we had a one to three or a one to six, I have almost never I had.</p><p>[00:52:50.810] - Creed</p><p>One trade on ReWalk that was actually a pure one to three. It's always like one to 2.7, one to 2.9, one to all this and trying to form fit a one to two, a one to three, anything like. That just doesn't work because we are in a market of finite numbers. 2.5437 is 2.5437 all day long, regardless of what it is. If you said, hey, I'm going to put a limit order into the market and get in at 250, your order fills at 249.98.</p><p>[00:53:27.000] - Creed</p><p>Guess what? You are wrong.</p><p>[00:53:28.800] - Creed</p><p>You did not get in at 250. It's not by much. Don't get me wrong. Yes, it is a nuance. But when we're looking at those numbers of I have a strict one to three, it doesn't work because that puts a finite in it.</p><p>[00:53:41.500] - Creed</p><p>What I do to change that up and to help build that account up is I go, okay, I have my $4 range to work with on here. My next resistance level, my confirmed resistance level is one dollars up. Oh, wait a second.</p><p>[00:53:58.080] - Creed</p><p>My next support level is a $1.50 down. Something's not right on this.</p><p>[00:54:06.880] - Creed</p><p>What I'm going to do is I'm going to wait for my 60% or better print above that resistance level because what happens now, okay, my second resistance can be dollar up, $2 up. But if I'm at a neutral area here now I set my stop at open. I have that one dollars move up on here. I've only got one dollars risk, true risk right in here, whereas I have another dollar and a half $2 move up, whatever that actual resistance is. And inverse, if you're shorting. So that's how you can do that.</p><p>[00:54:44.320] - Creed</p><p>Now, as you have those gains in your account, you go from 10,000 to12,000, you remove one percentage point. What I mean by that 10,000 – 10% is 1000. 9% of 12,000 is roughly 1000, 14,000 – 8%.</p><p>[00:55:08.340] - Creed</p><p>Continuing, continuing, continue until you're at PDT on there to, at which point, in my opinion, allocating anything more than 5% of account for a new trader and even an intermediate trader, there's no point to allocate anything more than five. Because once you get to PDT now you can start doing a bunch of day trades and you really need to hold that risk metric in there so you don't end up below PDT.</p><p>[00:55:35.550] - Creed</p><p>After 25,000, I stopped and stop whenever I'm teaching people on that, removing any percentage on it, because 5% of 50,000 is different from 5% of 25,000. So you're still growing how much you're allocating and working with, but the emotions attached to that are still the same.</p><p>[00:56:01.330] - Creed</p><p>And also I almost never look at my account.</p><p>[00:56:05.540] - Creed</p><p>In fact, pretty much the only time I ever see any account values on things are when I see my taxes at the end of the year, something like that. And that's the thing to keep in mind is even then I really don't look at it unless I get a margin call for XYZ reason on things. Like, I had a pretty big position on soybean a while back in one of my accounts, and soybean tanked.</p><p>[00:56:27.310] - Creed</p><p>It didn't do what it was supposed to do on there. And I ended up getting a small call on that because it was with a starter account. And I went, that's different I didn't even know the account was near anything like that.</p><p>[00:56:38.510] - Creed</p><p>So what happened? All right, send the money over, close the trade out, send the money over. Get over it, things happen.</p><p>[00:56:42.960] - Creed</p><p>And when you're using that type of a risk metric, it just really helps you accelerate things. Something that I would say to keep in mind though, is that to give you the best chance, once again, remove anything that has to deal with a notional value, convert it to percentages points, ticks, anything like that. And then even when you're journaling and keeping track of things, remove any aspect of money. Because as I was joking earlier, yes, I'll still complain over a $4 cup of coffee, but when you see that dollar sign, that pound sign, et cetera, it talks to our lizard brain and says, hey, you've made or lost this amount. And more people statistically have a problem with loss, and you generate more energy in your emotions from loss than you actually do in gains. And I think that's something really unique. So if you can remove as much as you can as a notional everyday reminder from your platform, your journaling, all you're doing is saying, okay, I'm just adding points to what I'm doing on this. I started the day with 5000 points, okay? The gamification of what I'm doing on this, and don't get me wrong. Trading is not a game. But think of it in that manner. At the end of the day, with everything I did, I'm now up to 5200 points. Or you know what, I got hit with a Whammy and now I'm down to 48 35.</p><p>[00:58:19.890] - Creed</p><p>And you say it in points, as we say with Affirmations and everything else.</p><p>[00:58:24.520] - Creed</p><p>As you say, so it shall be. Well, if you continue to think in that manner, yes, eventually you have to look at a number on things as far as a cash value, but while you're trading journaling all that, convert it into the points, percentages.</p><p>[00:58:39.870] - Creed</p><p>Because why add another emotional headache to this already very difficult thing that we're doing? I mean, as we said before, we got over a 90% failure rate on things, so why add that hassle? But that's the long way of saying how I did it and how I developed it and how I continue to do it. Because there's a very big difference in moving and working 10,000, 50,000, even $100,000 to when you get to the seven, eight, nine figure game on things.</p><p>[00:59:18.980] - Creed</p><p>Or let me rephrase that job not game job. There is because you start to reach an aspect to where you physically cannot allocate any more money to a trade. Otherwise you become the market. If you only have 100,000 people with ten shares apiece on there, guess what? You got a million shares.</p><p>[00:59:44.550] - Agnieszka</p><p>Right.</p><p>[00:59:44.880] - Creed</p><p>Cool.</p><p>[00:59:45.260] - Creed</p><p>If you decide to put in an order for 25% of that float overall, you're the big shark. Who are you selling to? Who are you going to be able to sell to? And you sure as heck are not going to be able to sell that whole thing at one point in time. So this is where you start to balance out and you start to go.</p><p>[01:00:07.090] - Creed</p><p>Okay, well, I've got a seven figure account. I only like to trade ten specific stocks. Each one of those things allows me.To only allocate, I don't know, 10,000 shares and 50 covered options on there.</p><p>[01:00:20.570] - Creed</p><p>Okay, you now know your basket. The good part about that though is that you can now average and get an expectation of if I know I have a 70% success ratio and this is my typical size overall, you can actually extrapolate out to give yourself the best bet of okay, I think I will make a million dollars this year.</p><p>[01:00:40.690] - Creed</p><p>At 70% success rate.</p><p>[01:00:42.640] - Creed</p><p>Man, for me to purchase Freedom, I need 2 million. I need 3 million. So what do you got to do? You got to go find another market. Well, because you have now created the strategy and honed in on your analytics. A person is a person. A trade is a trade. If you are trading a REIT or if you're going to purchase a house.</p><p>[01:01:08.710] - Creed</p><p>Guess what you got to do? Where's the resistance? I.e. what's the lowest point the buyer is willing to go on that house?</p><p>[01:01:14.660] - Agnieszka</p><p>Right</p><p>[01:01:15.080] - Creed</p><p>Where's the support base minimum.</p><p>[01:01:17.340] - Creed</p><p>So you take your skills that you learned over here, apply it to another market and start creating your other streams of income to go with it. The only thing I would advise against and this is just my own personal opinion on there, is if you are going to be a mentor and you can show and back and do everything you're going to do, charge more than $99 an hour. Because I really messed that up and that was my cost for those unaware.</p><p>[01:01:43.580] - Creed</p><p>When I went because I wanted to give everything that I could overall. But there was a cost. I only at one point in time charged $99 for my information and an hour of my time. I'm at a point now that I quite frankly cannot do.</p><p>[01:02:05.930] - Creed</p><p>That the value of the information and the amount of time or value that people are willing to put into it is directly correlated to how much that you cost. And I'm not about trying to make the money. I'm trying to make fact of, okay, you did such a good cost input on this that you're actually going to find value and succeed at what you're doing. And that's what I want more. I want more success stories from my students and I hate to say it.</p><p>[01:02:40.640] - Creed</p><p>But you do have to have a barrier of entry. Someone that is not willing to commit to what's happening. Don't get me wrong, you can trade the market as a hobby, as a game, binary options, stuff like that.</p><p>[01:02:53.820] - Creed</p><p>But if you're serious about wanting to purchase freedom then you have to make a commitment and you have to find good mentors. That is a non negotiable on there.</p><p>[01:03:08.160] - Creed</p><p>You have to stay committed and the time frame is different. The fastest I've ever seen anybody go from zero to hero was about two and a half, three months. And this is just someone that was a freak of nature and went, I'm trading one thing, only one thing and I'm always going to be looking at it when I get off of work. Okay, well guess what? Their 10,000 hours went to one thing very quickly because they weren't bouncing around.</p><p>[01:03:29.890] - Creed</p><p>They said it was a MACD. Yeah, they used a MACD and Heiken Ashi's and they only focused I think it was Apple, it was either Apple or amazon and that was the only thing. So think about it, that individual they're not hopping to different symbols, they're not changing indicators, they're not going through and looking at guru X, Y and Z. So you get two or three months on there. You've got let's say on the average 2000 hours on one stop, right? And one set of yeah, you're going.</p><p>[01:04:00.860] - Creed</p><p>To have some success. I'd be surprised if you did that's right overall on there. That's the long gambit about it and that's how I look at things when I'm trading people and understanding the participant of the market and it's difficult. On average I will trade about three to five equities at one point in time. I will put ES and SPX Nasdaq and QQQ whenever I'm trading those futures. I can also then have a trade initiated on the underlying because like we said before, you may only be able to put so much money into one specific thing. Well, if you know the Es, the SPX and the Spy move with each other, congratulations. They all run in correlation. So now you're able to devote three X capital. So you're not becoming the market, but you're still taking advantage of the same move. You can go and see this through many different things. Don't get in the bonds to begin with. I'll just be straight with that. In my firm opinion, you need to understand a regular market and quite frankly understand the options market itself and how to trade the options market before you get into bonds.</p><p>[01:05:12.090] - Creed</p><p>Because, and I know I'm going to get crucified for this one, but bonds are a much more sophisticated option is what they are. When you really break down the idea of them on a 10,000 foot overview, they really are just a much more sophisticated option. So avoid bonds to begin with. Once you understand terminology, you got some time in, you're showing a little bit of profit on stuff, then hop over the bonds because that opens up a whole nother thing that we can talk about later on on stuff.</p><p>[01:05:41.760] - Agnieszka</p><p>So the question on that not on the bonds, but options or stocks for someone who is still trying to build consistency.</p><p>[01:05:48.990] - Creed</p><p>How big is the account?</p><p>[01:05:52.840] - Agnieszka</p><p>On average let's say above the 25 so that you can actually day trade for day trader. Well, because that's the reason a lot of traders would go for options because they don't have such a big account, right? But imagine you do have it and you have the choice.</p><p>[01:06:10.550] - Creed</p><p>Standard leverage for a lot of accounts is two to three X. So you have 25,000 in cash. They're going to allow you 50 to 75,000 in purchase of stock.</p><p>[01:06:20.710] - Creed</p><p>So with that being the case, in my opinion and that's firmly what it is, if it is under $15, just do the stock because most of the time the options have no flow. Yeah, you get a little bit on NEO and sometimes you get stuff on Ford, et cetera.</p><p>[01:06:40.460] - Creed</p><p>But as a totality of stuff, if it's under $10-$15, just stick to doing the stock.</p><p>[01:06:47.670] - Creed</p><p>If it's over that and you start to see the flow of the options to actually have some good volume and that is dependent on each individual overall. And keep in mind, open interest is not volume. That's a big thing with options. Open interest just means the order is out there. Doesn't mean anybody's actually transacting with stuff.</p><p>[01:07:08.760] - Creed</p><p>So if it's over $15, there is good order flow within the volume, then yeah, go to options. Why not? As long as you're not seeing something like, okay, for the totality of the day, there were 400 options. So tomorrow I'm going to buy and at the money, and I'm going to buy 100 of them. No, I'm not going to become a quarter of the market overall. I might buy ten and look for a move on there five to ten. So now you have the issue of okay, well, I can only allocate five to ten on this. So you bring that up, you have it over in the window.</p><p>[01:07:42.010] - Creed</p><p>Automate your orders. It's the biggest thing. Automate your orders and then you can go, okay, well, I've devoted my capital to here. Let me go over this stock over here. So work in an area of prioritization. You can leverage your money better with options both ways, profit and loss. Keep that in mind. With stock, you're not at as much exposure as you are with the option and you can hold on to that stock. Whereas with the option, it has an expiration overall.</p><p>[01:08:17.430] - Creed</p><p>So I'm not saying to be a bag holder, but when you buy stock, you're also buying a little bit more time to maybe you missed an analysis or maybe there is a report coming out keep that in mind.</p><p>[01:08:30.260] - Creed</p><p>So if you wanted a nice hybrid covered calls, you get stock and you can work options.</p><p>[01:08:37.140] - Creed</p><p>That's actually a friend of mine, Jeremy Veerland. He puts one through there and he does a modified will strategy. And I've ran that strategy and eventually end up at net zero on your shares if you do everything right and takes a while, don't get me wrong, it takes like two, three months to end up hitting that but think about that. You purchased your shares and you saw that, let's say it's Ford. You purchased your shares, 100 shares here, and you have that option strategy, and you're just selling calls and puts both sides as you make that profit on there because Ford tends to stay in this range. Cool.</p><p>[01:09:07.170] - Creed</p><p>You're making $50, $100 per $100 on here, and it cost you $1,000.</p><p>[01:09:12.720] - Creed</p><p>By the time you have ten trades done, you're at a net zero on what this cost you. And you still have this to rent out for those covered calls. But you also own the stock, and it will pay you a dividend right later on. So now you made one transaction to buy the shares, but you're leveraging those shares three different ways. Covered call, cash, secured put, and then a dividend payment if it is a dividend stock. So there's a whole bunch of different ways to do that. So I guess it depends.</p><p>[01:09:46.630] - Agnieszka</p><p>Creed, we can go on and on. But knowing how busy you are, how much time I have taken already of yours. I am so grateful that you really were able to allocate this time for me and for my listeners because you have just given so much wisdom and so much knowledge and so many great not just tips, but really the way to how to see the market, how to set yourself up for success. This was wonderful. I want to ask you, can you point people in the direction where they can either read something from you or get more information or I don't know, you probably have a YouTube channel?</p><p>[01:10:29.560] - Creed</p><p>So, I do not have a YouTube channel right now, but you can find a lot of my old videos on Bullish, Bears, Money.Net, Anne Marie. I did a podcast with her as well. But honestly, I'm an open book, so you can find me over on Twitter. And if you want to get a hold of me for whatever reason, you want to talk about mentorship, you want to talk about getting with me on a deal to do either in the hedge fund or real estate stuff, whatever, I'm an open book. If I don't respond instantly, well, you guys kind of understand why, because, hey, I still got to trade. I got two Belgian Malinois. They ate me out of house and home. But you can find me on Twitter. That's the easiest place. And all of my website links and all of that are around Twitter. So nomadictrading.com. I'll do a fun one. I'll do a fun one, too, because I am who I am. And if you do enough research about me, you'll be able to find this.</p><p>[01:11:24.940] - Creed</p><p>So I will give the last seven digits of my cell phone number on this. You have to figure out the area code. Okay,</p><p>[01:11:36.670] - Agnieszka</p><p>I'm going to write it down.</p><p>[01:11:39.630] - Creed</p><p>The last seven 944-9666. Okay.</p><p>[01:11:46.240] - Agnieszka</p><p>Okay. So I'm going to post this number also under the episode in the notes so that people can figure it out, and then they can send you an SMS if they have a question.</p><p>[01:11:56.060] - Creed</p><p>And what I do, I have clients, I have friends, and that number is out in the ether, so it is possible to find it. But if I don't respond to you instantly, keep it in mind. I get a lot of different messages on stuff, but I am happy to speak with individuals. If you're serious, if you're wasting time, I'll block you. I'll just be straight with it. But if you're serious about things and you really want to have a real conversation, don't be afraid to reach out to me. I'm happy, and as I travel, I meet people all the time.</p><p>[01:12:29.810] - Agnieszka</p><p>Fantastic.</p><p>[01:12:30.490] - Creed</p><p>Happy to do that.</p><p>[01:12:31.320] - Agnieszka</p><p>Well, that brings us to the end of this episode, and I hope that this will help many traders who are listening to get some good perspective and also kind of look at their own way of how they perceive the market and how different you can do it. For me, listening to you was really eye opening that you cannot just focus on one thing, right, that everything is really connected to each other, and you have to see the broader picture of financing and really money management because you can be a good trader. But when you make that money, you have to know what to do with it in order to multiply it and to keep investing and having that broader perspective, broader view on things. And I really like the tip that you gave about talking about the money in points, right? That is just, I think, one little trick for your mind that will help you to disconnect a little bit better from that money value that a lot of traders associate with their own value and self worth.Thank you very much for that.</p><p>[01:13:57.560] - Agnieszka</p><p>So thank you again for joining us for this real conversation today. I really, really appreciate you sharing your insights and this very refreshing point of view on trading, trading psychology and human behavior. And thank you everyone for listening to the Confidence in Trading podcast. Make sure you visit confidenceintrading.com and grab your free copy of the Consistency guides with ten easy ways to improve your trading. If you enjoy my show, please review it and rate it on Apple podcast. And be sure to subscribe so you can come back for a real life conversation in the next episode. Thank you Creed for joining.</p><p>[01:14:44.750] - Creed</p><p>Thank you for having me on the podcast. And everyone make sure to subscribe. She's doing great work and I appreciate you opening the floor for me on this.</p><p>[01:14:54.200] - Agnieszka</p><p>Thank you, Creed. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 8 Sep 2023 04:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In the fast-paced and ever-evolving world of trading, success is not solely determined by knowledge and experience, but also by understanding the human element. Today, we embark on a captivating journey into the life of Archimed La Luce (Creed), a remarkable individual who has made a significant impact in the trading industry. From humble beginnings to becoming a Principal Investment Officer at Quasar Markets, Creed's story offers valuable insights into the way of investing, reading the markets, importance of mentorship, continuous learning, and the psychology of traders.</p><p>Creed's remarkable journey in the trading industry highlights the importance of the human element in achieving success. From his humble beginnings to co-founding Quasar Markets, Creed's story exemplifies the power of mentorship, continuous learning, and understanding the psychology of traders. By recognizing that trading is not solely about numbers and charts, but also about the emotions and actions of individuals, Creed has made a significant impact in the trading community. Through his endeavors, he strives to empower traders with the necessary tools and insights to thrive in the fast-paced world of trading.</p><p> </p><p><strong>About Archimed (Creed) La Luce</strong></p><p>Meet Archimed La Luce, affectionately known as "Creedmoor" in the financial markets. With over 10 years of experience in the industry, Archimed is a seasoned professional who has made his mark as the Principal Investment Officer at Quasar Markets Inc.</p><p>Beyond his role at Quasar, Archimed is also the visionary Founder of Nomadic Trading and Consulting, as well as The Copper Umbrella Fund. Through these ventures, he has created a legacy of success, fostering fruitful partnerships and encouraging like-minded experiences for both friends and clients alike.</p><p>Archimed's trading expertise spans across all asset classes, and what sets him apart is his deep understanding of human reactionary logic. He approaches trading from a psychological standpoint, recognizing the impact of human emotions on market movements.</p><p>What makes Archimed stand out even further is his open-mindedness and willingness to collaborate with new individuals. He is always excited to work with fresh perspectives and forge new connections, embracing the dynamic nature of the financial world.</p><p>Archimed La Luce "Creedmoor" is an emblem of wisdom and innovation in the financial markets, and his journey continues to inspire and influence countless professionals in the industry.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Archimed La Luce:</strong></p><ul><li>Mobile number: XXX-944-9666</li><li>Quasar: <a href="http://www.quasarmarkets.com/">www.quasarmarkets.com</a></li><li>Consulting/Hedge fund: <a href="https://copperumbrella.com/">https://copperumbrella.com/</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>[00:00:04.170] - Agnieszka</p><p>I am Agnieszka Wood. Welcome to the Confidence in Trading podcast. Let me introduce my special guest on today's show, Creed La Luce. Hi Creed. Welcome to my podcast and thank you so much for making the time for this conversation. I know how busy you are.</p><p>[00:00:19.940] - Creed</p><p>I want to say, Agnieszka, thank you for having me on the podcast. I look forward to the questions and let's see how this conversation goes. I always love conversations that provoke thought overall.</p><p>[00:00:31.630] - Agnieszka</p><p>Totally. And that's exactly what this podcast is about and for. So Creed, you have a long list of achievements on your resume, especially considering relatively short time you are walking on this earth, which is really impressive, this whole list. Except for being a trader and trading coach, you do a lot of different things. I see many names on your resume: American Charging Solutions, the Copper Umbrella Fund, Nomadic Trading and Acquisitions. And I'm dying to hear more about all the things you do. I know that your current main role is principal investment officer at Quasar Markets. That's very exciting and I definitely want to hear more about that, especially how recent that initiative is. But the main reason why I'm so excited to have you here is because of one of your recent interviews. I listened to you talked about how to trade and how to perceive the stock market. And you mentioned that you are not trading the price action, but you trade traders psychology. And I thought it was such a fresh perspective and I'm so curious to hear more about it. Welcome to episode number 13, the Human Element in Trading. So, Creed, could you tell us a little bit more about yourself and all the things you're keeping yourself busy with?</p><p>[00:02:03.660] - Creed</p><p>I'll keep it brief for everyone on here. The thing about it is I came from humble backgrounds on a blue collar aspect of things and got involved with the market after pursuing some other endeavors. And what really led me to this is starting to understand where does the money come from and how does the money work. At the end of the day, we do not get a job because we really like it. You get a job to pay the bills overall. You get a hobby to enjoy things. Now, don't get me wrong, if you enjoy your job, that is another aspect. And like with trading, I eat, sleep and breathe trading. So I do enjoy my job overall, but at the end of the day, we have to pay the bills. And the ideology from it was, well, where is the money? The biggest wealth generator in the world is where the markets, global markets overall. So that's something I started to dive into, asking individuals and gathering something very important that I hope people from listening to this will go and search out, be it for yourself or something else, is mentorship overall. That is something I sought out very early on and starting to be, for lack of a better term, the dumbest.</p><p>[00:03:15.560] - Creed</p><p>Guy in the room that felt he had to ask 10,000 different questions, but knowing when to shut up and listen and making sure to take notes so I could go back and study the words, the phrases, everything that I heard. Because ladies and gentlemen, we've got to be frank. If someone has been in the markets for 15, 2025 years, they are going to say and do things that you have never been exposed to. It is your responsibility as a good student of the markets and of your mentor to go and do your own due diligence, your own research. Everything you learn is exactly like a trade. You need to do your due diligence on it. After several years of going through the markets, profitable trader. I was with a couple of different communities and I was an educator with the Bullish Bears for five, six years, something of that nature on there. And what I found very important and I would say to traders going through.</p><p>[00:04:17.150] - Creed</p><p>For this is that you should eventually become a mentor because it keeps you honest, it keeps you accountable to what you're doing. Because as a good human, as a good person, how can you honestly tell somebody to keep a stop loss when you yourself are not even keeping a stop loss? So that is something to keep in mind. After my time as an educator on there, right before the global pandemic that pursued, I had several individuals that asked me, hey, as we're learning to work within the markets, we have capital that we would love for you to work with. I tossed the idea around a little bit, but really wasn't sure if I wanted to manage money for people overall well enough. People said, hey, we'll do this, that and the other. And that's what actually led to the Copper Umbrella now TrailBack the nomadic trading and consulting that was part of the education sphere. Whereas the Copper Umbrella fund was a friends and family fund that was set up exactly for that friends and family. Throughout my career as an educator said, look, I either do not have time or I see that my journey is going to take time. Will you please work this capital for me</p><p>[00:05:28.890] - Agnieszka</p><p>Just to understand, how old were you when that happened?</p><p>[00:05:35.850] - Creed</p><p>20, 26, 27, something of that nature. So I guess we'll go ahead and let the cat out of the bag. As of right now, ladies and gentlemen, I am 29 years old and you'll hear everything else and I get it. Before you turn off the podcast, what the heck does this young buck know? Keep in mind that if you spend a decade plus doing a singular thing, trust me, you will learn the ins and out if you are a good student of that thing and desire continued progression. So that is something to keep in mind because I do know people that have been in a single job for ten years and be quite frank, really haven't done much. So that's something to keep in mind is that while age is a good determining factor, it should not be your finite factor on things.</p><p>[00:06:29.150] - Agnieszka</p><p>It's not just the time. Letting the time pass, but actually using the time to do to put effort into the right thing, right?</p><p>[00:06:38.050] - Creed</p><p>Agreed. Agreed. And we all have that time and I think that's something very important to keynote on is we all have 24 hours in a day.</p><p>[00:06:48.080] - Creed</p><p>How we choose to spend those 24 hours both for refreshment labor and education is up to us. So that is something to keep in mind. But anyhow, the fund itself came together, managed that money, still managing that fund overall and then was brought on by another company for an education aspect of things. As they had saw my path they wanted me to help build the community on it. Did that for about a year or so. And now I'm on to two things that were started this year on that the American Charging Solutions which is an EV company which once again most of my endeavors actually come from my friends and clients on there and even sometimes my mentors or mentees. And that charging stations, those charging solutions. People ask me what do you think of EV? What do you think about this? Can I take my money that I've made here and can we move it over here? So once again another business idea is born.</p><p>[00:07:46.750] - Creed</p><p>But now my big endeavor that is going on which I firmly believe that I am not one to gloat, which I know is technically gloating in its own with that comment but it is going to be the thing that I finally said look, I'm ready to go to the next level. And that was backed up by I didn't just come to that decision on my own. I asked many people that have 20, 30, 35 years in the market at Goldman, JPM, people that matter within the business know just somebody that's here's an idea and that is now that I am the founding investment officer for Quasar Markets. What even is that?</p><p>[00:08:32.130] - Agnieszka</p><p>That's what I wanted to ask.</p><p>[00:08:34.160] - Creed</p><p>Quasar Markets was the brainchild of myself and my two other partners on this and we've brought on other partners but it was our brainchild together on this. And what it is is it is the Amazon of finance. What do I mean by that? The Amazon of finance on this is that you as a trader right now, even myself before I had the fund, I had three, four, five screens with where is the flow, where's the order flow, where is my charting, where is my news, et cetera, et cetera, et cetera. And the thing about it is that we have now created something that quite literally does not just bring everything, it brings the true premium of everything into this platform so that the hit of a toggle you are able to add and remove it to your platform. But something that I find is very key. If you connect with one of our educators on there and you go, I really like the way that this individual trades, I don't know, monkey bars, order flow, whatever, will actually have a profile and you're able to select all of the stuff that they have so you know that you're not missing anything.</p><p>[00:09:45.180] - Creed</p><p>And that's a big thing. Sometimes teachers and I'm guilty of it too. What we'll do is we'll talk in a presumption that somebody knows this well, what we're trying to get out of this is there are no presumptions. We are completely agnostic to everything. All the information is there.</p><p>[00:10:01.240] - Creed</p><p>Even more so though, what we're providing with this is that as you as a trader create this as a business overall, that business for you is going to allow you to facilitate transactions in the world. If you want to buy a house, if you want to buy gold, if you want to pay for pizza down at the local diner, we have the capability to do that. But even more so, and where I come into things, not just on the educational side that I'm managing, but the funded trader program and the fund management program. Don't get me wrong, if you manage to make 30, 40, 50% in a month or even in a quarter, lock that capital in and make sure you keep your taxes in play with things, but then put that money into something longer overall. And that's where the fund management services come in is it allows people to have that ability to think about your future. We have one of the highest failure rates in any industry. In fact, when I went and looked it up earlier, it's over 92% of people that do short term trading. Short term trading being six months and under on a position has a failure rate of over 92%.</p><p>[00:11:13.030] - Creed</p><p>We are trying to flip that around with our requirements and you guys can keep an ear out for when we're doing more, but that gives you the high level view. But I will be managing the educational side and the fund investment side that is not just US based, we're global. We already have the handshakes in there. And in fact, I'm working with a wonderful firm out of Estonia there and portion in Germany that they have a beautiful seasonality profile for people who are one of those individuals that just says, you know what, I can't read market psychology or I do not want to learn to read market psychology. I want something that still gives me good gains, but is pretty robust. So we got a lot of fun stuff in the works.</p><p>[00:11:57.540] - Agnieszka</p><p>Wow, that sounds amazing. And also really very complex. Just looking at that from the perspective. Okay, so I'm a retail trader, right, that is struggling with consistency. At what time frame am I looking at that I can get on that platform and what can I expect? Is this going to help me to trade better? What is this going to do for me?</p><p>[00:12:20.290] - Creed</p><p>So as an individual, and we really.Have to break this down in the psychology. No one will ever be able to trade better without self input. Quite frankly. I could take an individual, drop them in the middle of Harvard, and if they did not take the time, even though they have all of the opportunity, if they did not take the time to best utilize that opportunity, they will never grow. That's just how that works. Right now for this platform, we will have everything launched, barring complications. We all know how Murphy likes to get with things. We're looking at about 90 days to have this up and running, and we will actually start the fund management services November, but bigger notoriety on it Q one of next year. Now, the best part about this, and I'll say this again, is the mentorship aspect of it. We have partnered with Prosper Trading Jerremy Newsom over at Real Life. We've partnered with ABAC Mundeum Capital, so many other people that it's not just about being able to get money to the trader, but you knowing how to go through the steps and processes of what is the best way to do this. I do not care if you're building a house, a birdhouse, or working at the local grocery store.</p><p>[00:13:45.900] - Creed</p><p>There is a standard operating procedure within the markets and risk management. And that's what we're aiming to do. If you happen to like Scott or one of the guys over there at Prosper Trading, awesome. You can go through that educational sphere on there and work with them. And then you say, okay, I only have $50,000 of my money and I really do not want to risk my full $50,000.</p><p>[00:14:11.180] - Creed</p><p>Cool. You're able to come to any of our funded trader programs that you feel comfortable with, be it Jerremy's, be it Scott's over at Prospers, be it mine here at the firm and go, okay, I want to have capital put to this. So you're able to spend $200, $500, a $1000, prove that you learned something through this education, and the only risk capital that you actually have up there is what you paid for the initial test, for lack of a better term.</p><p>[00:14:45.680] - Creed</p><p>Now, what I advise people to do.</p><p>[00:14:48.910] - Creed</p><p>In my opinion, is that it is a good idea to set aside what we would consider a one quarter tuition from a local college. What I mean by that here in the US. And in many other countries, you have technical schools and a lot of times those are somewhere between $3,000 to $5,000 for a quarter of information and technology on there. With that being the case, let's break that number down. Let's say you're going to do $5,000.</p><p>[00:15:17.220] - Creed</p><p>For easy on that. Just good easy number, I would say. Take $2500 to $3,000 of that and spend that money on information and education.</p><p>[00:15:28.890] - Creed</p><p>The other $2,000, there you go.</p><p>[00:15:31.950] - Creed</p><p>That's your initial cost for testing or your cost for the books. Oh, but nobody has to pay for testing. Well, yes, you do. Whenever you're getting state licenses or anything like that, you actually do have to pay for testing. So that is a part of everyday life, whether or not people like it.</p><p>[00:15:47.490] - Creed</p><p>But this day and age, it used to be who was closer to the exchange plus information. Now it is your inherent ability to.</p><p>[00:16:03.340] - Creed</p><p>Be able to receive, perceive and act upon the information being presented to you. That is why we've designed the platform. How it is designed is so that the only thing that would delay your information is, quite frankly, your Internet speed overall, because we have put in the partnerships in that. Hypothetically, if I don't know, there was a new strain of pandemic coming through the UK. And that news was to hit the global wires, boom, boom.</p><p>[00:16:32.690] - Creed</p><p>It is to your system how quick you process it and whether or not you're being responsible. My mechanics out there, you know, you're supposed to be wearing your safety glasses. Well, same thing. If you do not have your newsfeed up there, guess what? You're not going to see the news.</p><p>[00:16:48.480] - Agnieszka</p><p>Right</p><p>[00:16:48.840] - Creed</p><p>It's just not going to happen. So make sure that you do the due diligence and the prep for it and you'll be able to see that with the educators. There's live trading and all of that.</p><p>[00:16:57.560] - Creed</p><p>It's one of those things that we are trying to put legitimately trying to put as much material in front of the trader to go, okay, not analysis paralysis. You're actually going to have analysis. Action is what I'm looking for on this.</p><p>[00:17:13.760] - Creed</p><p>And there's a learning curve. I won't lie to you guys and gals on this one. If you were to sign on right now, in my opinion, to start to feel confident in what you're doing, on average, I think it would take someone around four to seven months to understand the platform, the trade, digest the information, and also get time behind the keyboard. That's the thing.</p><p>[00:17:46.560] - Creed</p><p>So many people just go, I read a thousand books, let me do it. I'll steal one from Dan Pena on this one. It was I would rather have someone that has had a hundred deals than read a hundred books.</p><p>[00:17:58.560] - Creed</p><p>Don't get me wrong, you need knowledge. You need books, you need mentors, but you have to actually get into the dust to understand what's going on.</p><p>[00:18:08.060] - Agnieszka</p><p>Absolutely. Knowing is not the same as knowledge, right. And you do need the action and the experience. That sounds all absolutely so exciting and I cannot wait until that's going to go live so we can all see and experience it. So let's talk about now about you as a trader, because all the things you're doing is very entrepreneurial. Are you more entrepreneur or do you see yourself more as a trader or both? What's the proportion?</p><p>[00:18:45.870] - Creed</p><p>So that's the funny part overall. Many people that I know that are within the markets, they had a few good wins, but they made their money off of taking those wins and investing them in other things. Startups, they didn't really make it purely from the market on that. Myself, ever since 2000? No, 13. Yeah, 2013, 2014, something of that nature, because it took me about a year to start to be profitable on that. So, as you guys see, I'm on the other side of the four to seven month statistic. It took me about a year. And when I say profitable, I mean paying my bills. I don't mean making $10 a year. I'm talking about you are able to withdraw money from your account and actually pay a bill. And actually, I remember my first bill.</p><p>[00:19:44.810] - Creed</p><p>It was a light bill when I had just finished university, and that was the big component of it. So myself, I draw my money from the markets. I have other investments, I have other things, but my money comes from the markets because I am purely a trader. And in fact, even right now, not my client accounts, but my personal account on this is probably the least amount of assets I've had in it because I have been distracted with trying to get this platform or not trying actually getting every day I have meetings about every 30 minutes or so getting this platform going. Overall, right now, I think I have.</p><p>[00:20:27.450] - Creed</p><p>Maybe actually, let me look real quick.</p><p>[00:20:30.270] - Creed</p><p>I'll tell you, I have nine. I have nine stocks, keep in mind. I have well over an eight figure account. That's the personal account.</p><p>[00:20:44.700] - Creed</p><p>And wow, that's sad. I really shouldn't have looked at that.</p><p>[00:20:49.630] - Creed</p><p>But that's the thing. You have to know when to stay out.</p><p>[00:20:52.080] - Agnieszka</p><p>That's for swing trading, right? Or is that long term investing, that's swing?</p><p>[00:20:56.450] - Creed</p><p>Okay, so that breaks up another part of it. If I was to look at my. So it is, in my opinion, as a trader, when you're working with this, you have to break down your idea, your trader psychology when it comes into this. And I've always said that you need to have about three to four accounts. You need to have an actively managed account, which is typically your day trading, and any trades that are under three to six months on that, for me, it's anything under three months on there. Now, if you have something that's a longer term idea on things, that's your long term account, that you'll typically only work with that account because you should have automated orders in it. Four to six times a year is the only time you should really touch that account. And you go through and it takes a while to get everything together. The other account that, in my opinion, people should look into is a dividend account. For that, the profits that you make from the day trade account, the short term account, go into either your dividend account or they go into your six month and longer horizon account on there. And I firmly believe everybody should have a 10,15, 20 year account that okay, at the end of each quarter, I take 5%, 10% of net profits and put that into the retirement account overall for that.</p><p>[00:22:17.320] - Creed</p><p>And there are several different Roths you can put up. And if you want to see a fun one, go look up what's called a backdoor Roth on this, and it allows you to do more than your standard Roth, and you can go down that rabbit hole. But that's the thing, is separate your accounts to meet your goals. Many traders and individuals have a difficulty.</p><p>[00:22:40.110] - Creed</p><p>With realizing that, okay, where do I want to be in three, five, or ten years?And in my opinion, do not make it finite, make it in the aspect of, I would like to be at this region, this area, and for me to accomplish that, I am going to set and do these things. Because you may hit a hurdle global pandemic, you may take a big hit in an account. You may have, unfortunately, a spousal loss or a friend loss or whatever things happen.</p><p>[00:23:14.830] - Creed</p><p>So you need to have goals, but you need to know what is a finite goal and what is an amendable goal overall. Because before COVID before even me starting the other hedge fund, I retired. I straight up retired. I said, you know what? I've made my money. I'm good. I can pay myself $50,000 to $100,000 a year, whatever I choose, and just go relax for a while.</p><p>[00:23:40.330] - Creed</p><p>Well, I did that for about four six months, and then everyone started asking me about the hedge fund, and I realized look</p><p>[00:23:45.140] - Agnieszka</p><p>The shortest retirement ever.</p><p>[00:23:47.850] - Creed</p><p>Yeah, retirement is not all it's cracked up to be, trust me. But I'm a little bit jaded in that as well is because while, yes, I came up from a very blue collar to give you ladies and gents, my graduating class was 22 people.</p><p>[00:24:02.480] - Creed</p><p>So I came up from a very small area to where people do not get to travel as much as I do. But thanks to the generosity of clients and to the fact that I was able to set money to the side, to be able to do is actually even this year and most of last year, I am typically either in a different country or a different region of the US at least one week out of the month, minimum.</p><p>[00:24:28.630] - Agnieszka</p><p>That's like a dream of many people, right?</p><p>[00:24:32.150] - Creed</p><p>Well, dreams are like support and resistance levels.</p><p>[00:24:39.530] - Creed</p><p>The intensity that people will hold them is completely different, and it actually comes down to the individual. I mean, even algorithms have a threshold within them. If you want to see a fun one, go back and look up the Thor algorithm for HFT trading.</p><p>[00:24:58.950] - Creed</p><p>It was, oh God, mid 90s on there.</p><p>[00:25:03.110] - Creed</p><p>I may be a little bit off on that date. And it was for UBS. And that's the thing, is those thresholds are different from everyone, so my dreams are different than others. I always joke that the next time I will retire is when I have 500 million in free cash flow. I will give away 450,000,000 of it, take another 50 million, buy an island and then just go away you know, because I like nice things. I have a paddock, I actually just ordered in a McLaren on there because I'm a car guy. For those unaware, one of my university degrees is for automotive restoration, but I'm not going out and doing that all of the time. I believe in goals. I mean, even this watch, this was actually one of my first goals. This is a chorus vertex. It's like 700, $800, but for someone, that is quite literally two weeks pay for some people in the world. So for me at that point in time, this was a big goal overall for me to get.</p><p>[00:26:08.620] - Creed</p><p>I didn't come from any of that. But now I actually just placed an order for another watch because I have to go to the UN in September. So your goals and dreams should and will change as you advance within your trading career and within any career, trading is just a tool to give you access to other things, be it the money or the knowledge of the markets. You may not be profitable in what you're doing with your trading because you just can't hold a stop loss or whatever, but you're still building your ability for analytics. Guess what, there's 10,000 plus other jobs out there for business analytics, market analytics, et cetera. So you're not wasting time. You may not have made money and you paid tuition to the market, but you learned a valuable skill on analytics.</p><p>[00:26:58.300] - Agnieszka</p><p>I love that point of view. I'm so curious about your opinion on that. Looking at the very high rate of failure, do you think it's even possible for a retail trader to live just off trading? And I mean, like for majority of people, right? And to become really rich, because paying bills, that's one thing, but I mean really built capital from just day trading, and I'm talking day trading, not the way that you're saying putting aside and investing and just day trading.</p><p>[00:27:33.520] - Creed</p><p>It's a little bit of a loaded question because first we have to define what is rich. Rich to me is different to rich to other. Rich to me when I started, rich to me now is completely different. I mean, I have numbers in my phone that are heads of state, president, stuff like that, which me just starting out as a trader, come on.</p><p>[00:27:54.950] - Creed</p><p>Rich to me was, oh man, I'm making $5,000 a month, this is awesome. So it's a matter of perspective yeah.</p><p>[00:28:02.350] - Agnieszka</p><p>That you can afford, I don't know, going on vacations a few times a year, having a nice car, like financial independence. That's what I mean rich.</p><p>[00:28:11.540] - Creed</p><p>Would it be fair for us to say what it would take to purchase freedom? Would that be a fair assessment?</p><p>[00:28:19.090] - Agnieszka</p><p>That's an interesting question.Yeah.</p><p>[00:28:20.980] - Creed</p><p>So if an individual said that the cost of freedom for them to do what they want, give to what they want, et cetera, is, I don't know $250,000 a year, pretty round number overall. And in fact, that would put you well within the top 3% of income earners of the US. That is not that difficult to do, especially if you keep parameters in play.</p><p>[00:28:48.390] - Creed</p><p>Creed what do you mean that's not that difficult to do? Well, keep it in perspective. If you have a million dollar account Creed how do I get a million dollar account? Funded trader program. You spend your $3,000, you prove you know what you're doing, blah, blah, blah. You take a million dollar account and you, at no point in time, have more than 1% allocated per trade.</p><p>[00:29:13.100] - Creed</p><p>Now, that's different from risk, that's full allocation, right? So that means that you're going to have $10,000 allocated to it. You take $10,000 and just use the spy for an example. Right now, the spy statistically, using the ATR average true range or average trading range on a 14 period time frame, lets you know that we on average are making about a 1% move, i.e. $4.</p><p>[00:29:38.410] - Creed</p><p>So you know you're going to make about $4 of movement in a day at maximum. Now, you know your max allocation. You know your highest probability amount of movement. If I was to buy in at the money, sell a vertical, whatever. Well, right now when we look at I'm actually looking at an spy, and granted, it is Friday, so don't take these numbers to heart. And at the money is going for about 80 cent. Okay?</p><p>[00:30:08.710] - Creed</p><p>So $0.80 on that. Let's just use a dollar for an easy number on there. Ten contracts will cost you  a $1000. A 100 contracts cost you ten grand on ten grand for every $0.01 movement in the cost of that option is $1,000 profit to you.</p><p>[00:30:32.110] - Creed</p><p>Now, if we think about this and you think there are roughly 255 trading days in there, let's say your strategy is only 75% effective if you scalp three pennies on an options contract on that account using only the spy, not accounting for anything else, no wheel trades, nothing like that. You've just made about, what, $300,000 a year after taxes.</p><p>[00:30:57.230] - Agnieszka</p><p>Wow.</p><p>[00:30:57.880] - Creed</p><p>So it is 100% feasible to purchase freedom, but you will get in your own way.</p><p>[00:31:06.600] - Creed</p><p>Heck, I'll be quite frank, even with the accomplishments that everyone sees on that, and it's one of those things. I still get in my own way from time to time. And I'm fine with admitting that because my circle of friends around me, if I'm being too humble or too cocky they'll say, hey, step it up or bring it down totally overall. And that's something important.</p><p>[00:31:32.990] - Creed</p><p>Trading is lonely. The psychology of trading is only because what was it, about three months ago? Two, three months ago, like that? I was doing some zero DTES, and Janet Yellen came out and said something market trashed. Market just sank. In the course of, like, five minutes, we dropped about $5.</p><p>[00:31:52.080] - Creed</p><p>But guess what? I had a max loss on those zero DTES because by the time my limit order got well, it wasn't a full max loss, but it was a pretty heavy lot. I was doing something like 2000 contracts, so it would have been a total order of 4000 contracts.</p><p>[00:32:05.050] - Creed</p><p>I lost like 70 or $80,000 in five minutes. Now, be honest, there are not a lot of people that you can go to and go, honey, I lost $70,000 today.</p><p>[00:32:18.940] - Creed</p><p>I made it up the next two days on it. But could ask yourself sincerely, could you sit down with your friend or your coworker right now and go, man, I just lost 70 grand?</p><p>[00:32:28.680] - Creed</p><p>No, that's more than a lot of people's three year salary.</p><p>[00:32:32.010] - Agnieszka</p><p>For those unaware, I had a very similar situation. It was not because the market dropped. It was at the time when I was struggling still, like being silly and not keeping my rules, not putting my stops and hoping for the price to go back that one day. It was pretty intense. I went out after the market closed to a store, and I was coming back and I was walking with my husband and I was completely quiet. And he didn't know it yet, but I knew I want to tell him what just happened. And it happened that there was a Porsche parked, and I looked at the car and I said to him, I could buy this car with the money I just lost. Cash. It was so confronting to me because suddenly there was the money, the value that it's standing right here. And I would have never thought that this could have happened to me, that I would allow that. And that was a very pivotal point to confront myself with that it's like, okay, that's it. That cannot happen anymore. This was absolutely outrageous. So it's a big thing to actually take a lesson from it.</p><p>[00:33:47.930] - Agnieszka</p><p>And I know a lot of people who have lost a lot of money in the market that way.</p><p>[00:33:51.790] - Creed</p><p>Is it outlandish to say that it's almost better for someone to take a relatively account big loss early on, so you feel that sting. And actually this is something I do not believe I've shared on any other podcast until now, but about, I'd say about eight months into my journey, I actually became so numb to the wins and losses that I didn't even care.</p><p>[00:34:31.830] - Creed</p><p>Whether I won or lost on that or let me rephrase that, made a profit. Because won and loss really, it ties a word that doesn't need to be within your trading. But I did not care about the trade. I did not care about that. It was almost like going through the motions of making coffee. And at that point in time, I was still on not the size I put on now, but I was putting on 15, 20,30 contracts at a time. And I think the account was probably somewhere around something around 100, 150, something like that. So you start running those numbers, you go, wow, okay, you lose $5,000 on that account, you've just lost 0.7% of the account or whatever on there.</p><p>[00:35:12.100] - Agnieszka</p><p>Right.</p><p>[00:35:12.640] - Creed</p><p>So I actually had an instance to where I had to check myself and go, whoa, you just lost the equivalent of being able to take a trip to Jamaica on you, just for lack of better term, you just don't give a darn.</p><p>[00:35:29.970] - Creed</p><p>Overall, that's a problem. And that's something I have not heard.</p><p>[00:35:35.560] - Creed</p><p>A lot of other people or in fact anyone of the best minority talk about, is that some traders and some people, our brains get to the point of loss is loss.</p><p>[00:35:47.150] - Creed</p><p>There's a difference between an educated loss and you're being sloppy and slacking kind of loss, because you may have your stop loss in, you may go through that, but I would say you need to have about 5% to 7% emotion on a loss. And what I mean by that is that that emotion says something didn't happen. I feel a little something on this. I need to go back and look. And for any of my students, for any of my clients, my friends, et cetera, I've always advised in keeping an emotions journal. And I know for the guys out there, don't get me wrong, I've done a whole bunch of other stuff on that you got to keep. Mine own a ranch in Montana. There's not exactly a pansy aspect, but your emotions as a trader on there matter, especially when you're putting on real capital. I mean, I hate to say for those out there, yes, get started with $5,000, $10,000, that's great. But at the end of the market, you got to keep in mind that the markets are over $3 trillion. You could stack just the money from the forex market back and forth to the moon. I think it's something like 25 times or something like that. And that's just one market. That's not everything else. So you need to keep those emotions in check. And that's what I do when I'm trading the psychology of the market.</p><p>[00:37:15.470] - Agnieszka</p><p>I'm so happy we get to this because I can talk with you forever. I don't know how much patient people have to listen, but this is really so interesting. So, yes, tell me about the trading psychology, trading people and not the price action. What do you mean with that?</p><p>[00:37:29.410] - Creed</p><p>Yes, that's a term that a friend of mine coined a long time ago for me, actually, back when I was an educator on there. And he goes, So you're really not trading flow. You're trading emotions. You're trading people.</p><p>[00:37:45.660] - Creed</p><p>I went, yeah, I guess you're right. I guess I'm trading people.</p><p>[00:37:48.980] - Creed</p><p>And let's conceptualize this for a moment. What is the market? The market is nothing but an auction system, a tool that allows ideas to be facilitated in a solid object, such as money overall. Now, let's try and bring that in.</p><p>[00:38:10.270] - Creed</p><p>What do I mean by ideas? When a company is going up or down, and be it a commodities contract, a currency, a company, whatever, when it is moving, it is moving off of what? New information. And the people who are looking at that market reacting to that information creed. What about Algos? Guess what? Algos are programmed by people that put in parameters. Even the medallion fund. All those Those algorithms are adjusted with new information that is piped in overall. Some of the smartest minds are on that. But you know what they do? They're making adjustments, human adjustments.</p><p>[00:38:49.350] - Creed</p><p>Even AI run programs. What is it doing? It is compulating information that humans did. When the Nordstrom Pipeline blew up. Guess what? That was a human action that caused this thing that the AIS, the Algos as well saw.</p><p>[00:39:11.480] - Creed</p><p>So at the end of the day you cannot remove humans from the market. They may not be the one clicking the button to make the trade, but humans are the ones doing and making.</p><p>[00:39:25.640] - Creed</p><p>The actions that affect the underlying. So now we know every aspect of the market is affected by humans, even. If it's the weather. For those that say that, guess what? Weather goes bad. Humans are affected. They can't drive stuff. Humans. So when we get to the chart, now.</p><p>[00:39:47.630] - Creed</p><p>The common term on this, and you can go to the CMT and look this up as well, charted market technicians, not country music, television. You will start to learn about something called supply and demand zones. Now, you'll see this plastered all over 10,000 different videos, et cetera. And I buck the idea of supply and demand zones for essentially one reason. They try to separate what is going on. But keep in mind, for a market to do anything, there has to be a buy and a sell within this.</p><p>[00:40:34.080] - Creed</p><p>Otherwise, we're still in discovery phase of what's going on. When we reach these nodes, these pockets of supply or pocket of demand, they're the same thing. In fact, if you go and look at any of my videos on this or any of my material, I have written stuff out there. You can go find my PDFs and all that. I call them a business zone. Why? Because at this area, a demand came in for supply at this other area.</p><p>[00:41:07.640] - Creed</p><p>So as it was coming in and buyers step in, guess what? Supply came to demand. That's the only way that that transaction works, right? So it is a business zone, not a solely a supply zone, solely a demand zone. So now that we have that out of the way, we can start saying. To ourselves, okay, we now know humans affect the market.</p><p>[00:41:31.120] - Creed</p><p>We now know that these pockets are not separate. They are the same thing overall. The only thing is, is it above current price or below current price support resistance. That remains true.</p><p>[00:41:45.250] - Creed</p><p>We know that certain people for a fact prefer to only trade technology, biopharmaceutical, industrials. So you have a certain ideology in that market. Typically if someone grew up in rural. Idaho, what are they probably going to trade?</p><p>[00:42:06.080] - Creed</p><p>They're probably going to trade something around the agriculture section or they're going to trade something around technology. For those unaware, Idaho has a lot of technology in it. It's just kind of out there, a lot of servers.</p><p>[00:42:15.460] - Creed</p><p>But I digress, if you know that. That particular participant is in that background, that type of a previous education, that type of an ideology, then you're able to disseminate that.</p><p>[00:42:31.320] - Creed</p><p>Okay, these people have typically this type. Of a risk tolerance overall. So if we know that the people trading Caterpillar tend to be much more skittish from very volatile things, what's going to happen?</p><p>[00:42:51.580] - Creed</p><p>You're going to have a low ATR average true range. It is going to take more participation to break a resistance and it is going to be a better buying opportunity at support. So in typical as price descends down from, let's say the first of the month and gets to that lower business zone, what's going to happen? Oh my God, it's at a discount because I'm buying this for a long term move. Caterpillar is typically used for a dividend. Play on thing long term stop. So you now understand that participant, let's break it down again.</p><p>[00:43:29.240] - Creed</p><p>You know the humans that are doing it, you know how they're doing it, you know the way that they act and move within the market. So you as a trader staying agnostic to everything that's going on can go.</p><p>[00:43:44.470] - Creed</p><p>Okay, I know that these people in this market act in this way.</p><p>[00:43:50.650] - Creed</p><p>If on Apple I need 100,000 trades to break a resistance, okay, that's something where there's more volatility. But in Caterpillar I may need 200, 300, 400,000 and you're actually able to go back and see what the typical volume break is, find the average of what that is. There you go.</p><p>[00:44:13.780] - Creed</p><p>Now you have a number you can work with and say, okay, if I see more than 100,000 transactions at this area, so if it starts building up, 60, 70, 80, oh man, we're getting to that area, I should prepare to look for a break again. I'm a confirmation trader, not a presumption trader. I've presumed enough things in my life that have usually end up getting me burnt. I'll sacrifice the extra 10-15 cents.</p><p>[00:44:41.460] - Creed</p><p>Did they break it? That's just my thing. And once you see that volume building up and it confirms a break out of that resistance or support is holding. You're going to say, okay, the mentality of the participants has now stated that. At this business zone there is enough.</p><p>[00:45:03.440] - Creed</p><p>Participation and demand that they are willing to pay above this standard business price. Right in here. Example of that is if anyone has ever went for a limited edition, I'm going to be funny Beanie Baby furby, whatever, and they cost you $20. But all of a sudden you can no longer find your sky blue furby. Guess what? Instead of it only being $20, it's going to be 25, 27, 30.</p><p>[00:45:32.970] - Creed</p><p>Same with this. There is a finite amount of people willing to participate at any given time. That is a finite number. More people can come in, but there are only so many people in the market at that given time. So it's not like you can really. Work with a lot of that.</p><p>[00:45:53.670] - Creed</p><p>But you can see that. This number of people coming in has stated we are willing to pay more. What I like to look for is a standard breakout retest and it is why I utilize a specific candle called a Heiken Ashi candle on there HA candles for some other platforms. The HA candle is formulated through a sense of averages overall, as I discussed earlier on this. We have an abundance of individuals willing to pay more above this standard area. What I look for in the candles when I'm working for this is 60% or greater of the body of that candle, regardless of time frame. This works across any time frame, which surprised me, to be frank, when I started running the studies on it.</p><p>[00:46:45.240] - Creed</p><p>60% or greater of the participants have stated, yes, our average price will be above this standard. If true, what does that tell you? A majority of participants are willing to pay more so they break out.</p><p>[00:47:03.910] - Creed</p><p>We tend to see a little bit of a retest to the downside as people start to say, are you sure you want to pay more? Are you positive? Yes, darn it, I want more. Give me as much as I can have on this. The average continues to push on there. As the average pushes, you start to get that FOMO into this for all the people that were down here that said we are going to do the break, then you have the test. I like to look for a candle break or I'm sorry, a break of the high of the candle that broke the business zone.</p><p>[00:47:40.170] - Agnieszka</p><p>Right.</p><p>[00:47:40.580] - Creed</p><p>If that average is above that line. There, guess what, not all but a majority of the participants that stated, yes, we believe that there is more value to be had up here, so we are willing to take the risk of a purchase. Now in the idea that we can. Sell for more here, that's not me saying it. That's not me being looking at the market and form fitting data that is the True Blue transactions have stated, yes, we're willing to do this. The transactions that move within the market are direct representation of the humans, the idea, the psychology of the market. So I could care less if Apple comes out with the Vision Pro 37.</p><p>[00:48:28.610] - Creed</p><p>I could really care less because I'm able to see does the money of the market care?</p><p>[00:48:36.360] - Creed</p><p>I don't care if President XYZ Setter did this.</p><p>[00:48:40.650] - Creed</p><p>Does the money in the market care?</p><p>[00:48:43.660] - Creed</p><p>Because I trade a good account. I'm not trading a $7 trillion account, okay. I'm not trading the economy of Botswana. So you do not have the weight to really change that idea. Now, if you're running with Penny stocks and I actually did manage to do this with zero DTES on Spy one time because I fat fingered an order and I had something like I think it was like twelve or 13,000 contracts per side on there. You guys and Gals can go run the exposure on that one. I didn't mean to do it and I flipped it out really quick. It was a bad trade. I made money, but it was a bad trade overall, I digress.</p><p>[00:49:26.930] - Creed</p><p>You are not going to move the ideas of the market.</p><p>[00:49:29.880] - Creed</p><p>And if you can move the ideas of the market, you're not going to be on it.</p><p>[00:49:34.410] - Creed</p><p>Like, for myself, I cap myself at 25 million on an account. That's what I cap myself on on there. I've noticed that as I trade and do other things, I working with everything do not feel comfortable trading anything over that at any single point in time.</p><p>[00:49:50.160] - Creed</p><p>Overall, I know guys that trade larger accounts so that's the thing.</p><p>[00:49:54.910] - Agnieszka</p><p>Let me ask you about that. How did you build that immunity? Because a lot of traders don't have large accounts like that, right? And the process of sizing up requires building an immunity to your risk tolerance, right? How did you started build your risk tolerance? For example, let's say at the beginning, maybe you were risking, I don't know, $100 per trade, then maybe $1,000. And do you still remember how that process went or were you just like, I'm not thinking about that and doesn't do anything to me.</p><p>[00:50:34.380] - Creed</p><p>So this is the formula I use to build my account and what I've taught actually no. Now it's probably thousands of people, now that I really think about it, to build theirs and it's a metric that seems kind of odd because the words I use and you may have to slow down replay this part, but just bear with me. So let's say you're starting with a $10,000 account on there.</p><p>[00:51:03.810] - Creed</p><p>Realistically to see any type of progress that is appreciationable. Let's say you've already built a little bit. You've got your indicators, you got that, but you still got a 10K account.</p><p>[00:51:13.480] - Creed</p><p>Okay?</p><p>[00:51:13.750] - Creed</p><p>We're talking risk management here, right?</p><p>[00:51:15.980] - Creed</p><p>You would never allocate anything more than 10% of the account value to any singular trade so we would have $1,000. Creed why would you only allocate 10% when you have 10,000 to work with? Because anything can happen, especially in this market. So if that position you put on for whatever news comes out, you become unaccountable to what you're doing. Whatever, you take a total loss you only lost one 10th of the account.</p><p>[00:51:48.260] - Creed</p><p>And in this economy, $1,000 is $1,000. Don't get me wrong, I still argue over a $4 cup of coffee. But the thing about it is you can come back from $1,000 loss. It may take you a couple of weeks, but you can come back from $1,000 loss. Now, amongst that allocation, you're able to figure out your trading metrics, okay, I have $1,000 I can work with. With that $1,000, I'm expecting a $4 move in the market. My options cost is $2. i.e.I can purchase five contracts overall. Within that five contracts, I am willing to risk down to this level or above or take profit at this level.</p><p>[00:52:37.190] - Creed</p><p>And that's why for books and for lack of a better term, BS Media, the idea of, oh, we had a one to three or a one to six, I have almost never I had.</p><p>[00:52:50.810] - Creed</p><p>One trade on ReWalk that was actually a pure one to three. It's always like one to 2.7, one to 2.9, one to all this and trying to form fit a one to two, a one to three, anything like. That just doesn't work because we are in a market of finite numbers. 2.5437 is 2.5437 all day long, regardless of what it is. If you said, hey, I'm going to put a limit order into the market and get in at 250, your order fills at 249.98.</p><p>[00:53:27.000] - Creed</p><p>Guess what? You are wrong.</p><p>[00:53:28.800] - Creed</p><p>You did not get in at 250. It's not by much. Don't get me wrong. Yes, it is a nuance. But when we're looking at those numbers of I have a strict one to three, it doesn't work because that puts a finite in it.</p><p>[00:53:41.500] - Creed</p><p>What I do to change that up and to help build that account up is I go, okay, I have my $4 range to work with on here. My next resistance level, my confirmed resistance level is one dollars up. Oh, wait a second.</p><p>[00:53:58.080] - Creed</p><p>My next support level is a $1.50 down. Something's not right on this.</p><p>[00:54:06.880] - Creed</p><p>What I'm going to do is I'm going to wait for my 60% or better print above that resistance level because what happens now, okay, my second resistance can be dollar up, $2 up. But if I'm at a neutral area here now I set my stop at open. I have that one dollars move up on here. I've only got one dollars risk, true risk right in here, whereas I have another dollar and a half $2 move up, whatever that actual resistance is. And inverse, if you're shorting. So that's how you can do that.</p><p>[00:54:44.320] - Creed</p><p>Now, as you have those gains in your account, you go from 10,000 to12,000, you remove one percentage point. What I mean by that 10,000 – 10% is 1000. 9% of 12,000 is roughly 1000, 14,000 – 8%.</p><p>[00:55:08.340] - Creed</p><p>Continuing, continuing, continue until you're at PDT on there to, at which point, in my opinion, allocating anything more than 5% of account for a new trader and even an intermediate trader, there's no point to allocate anything more than five. Because once you get to PDT now you can start doing a bunch of day trades and you really need to hold that risk metric in there so you don't end up below PDT.</p><p>[00:55:35.550] - Creed</p><p>After 25,000, I stopped and stop whenever I'm teaching people on that, removing any percentage on it, because 5% of 50,000 is different from 5% of 25,000. So you're still growing how much you're allocating and working with, but the emotions attached to that are still the same.</p><p>[00:56:01.330] - Creed</p><p>And also I almost never look at my account.</p><p>[00:56:05.540] - Creed</p><p>In fact, pretty much the only time I ever see any account values on things are when I see my taxes at the end of the year, something like that. And that's the thing to keep in mind is even then I really don't look at it unless I get a margin call for XYZ reason on things. Like, I had a pretty big position on soybean a while back in one of my accounts, and soybean tanked.</p><p>[00:56:27.310] - Creed</p><p>It didn't do what it was supposed to do on there. And I ended up getting a small call on that because it was with a starter account. And I went, that's different I didn't even know the account was near anything like that.</p><p>[00:56:38.510] - Creed</p><p>So what happened? All right, send the money over, close the trade out, send the money over. Get over it, things happen.</p><p>[00:56:42.960] - Creed</p><p>And when you're using that type of a risk metric, it just really helps you accelerate things. Something that I would say to keep in mind though, is that to give you the best chance, once again, remove anything that has to deal with a notional value, convert it to percentages points, ticks, anything like that. And then even when you're journaling and keeping track of things, remove any aspect of money. Because as I was joking earlier, yes, I'll still complain over a $4 cup of coffee, but when you see that dollar sign, that pound sign, et cetera, it talks to our lizard brain and says, hey, you've made or lost this amount. And more people statistically have a problem with loss, and you generate more energy in your emotions from loss than you actually do in gains. And I think that's something really unique. So if you can remove as much as you can as a notional everyday reminder from your platform, your journaling, all you're doing is saying, okay, I'm just adding points to what I'm doing on this. I started the day with 5000 points, okay? The gamification of what I'm doing on this, and don't get me wrong. Trading is not a game. But think of it in that manner. At the end of the day, with everything I did, I'm now up to 5200 points. Or you know what, I got hit with a Whammy and now I'm down to 48 35.</p><p>[00:58:19.890] - Creed</p><p>And you say it in points, as we say with Affirmations and everything else.</p><p>[00:58:24.520] - Creed</p><p>As you say, so it shall be. Well, if you continue to think in that manner, yes, eventually you have to look at a number on things as far as a cash value, but while you're trading journaling all that, convert it into the points, percentages.</p><p>[00:58:39.870] - Creed</p><p>Because why add another emotional headache to this already very difficult thing that we're doing? I mean, as we said before, we got over a 90% failure rate on things, so why add that hassle? But that's the long way of saying how I did it and how I developed it and how I continue to do it. Because there's a very big difference in moving and working 10,000, 50,000, even $100,000 to when you get to the seven, eight, nine figure game on things.</p><p>[00:59:18.980] - Creed</p><p>Or let me rephrase that job not game job. There is because you start to reach an aspect to where you physically cannot allocate any more money to a trade. Otherwise you become the market. If you only have 100,000 people with ten shares apiece on there, guess what? You got a million shares.</p><p>[00:59:44.550] - Agnieszka</p><p>Right.</p><p>[00:59:44.880] - Creed</p><p>Cool.</p><p>[00:59:45.260] - Creed</p><p>If you decide to put in an order for 25% of that float overall, you're the big shark. Who are you selling to? Who are you going to be able to sell to? And you sure as heck are not going to be able to sell that whole thing at one point in time. So this is where you start to balance out and you start to go.</p><p>[01:00:07.090] - Creed</p><p>Okay, well, I've got a seven figure account. I only like to trade ten specific stocks. Each one of those things allows me.To only allocate, I don't know, 10,000 shares and 50 covered options on there.</p><p>[01:00:20.570] - Creed</p><p>Okay, you now know your basket. The good part about that though is that you can now average and get an expectation of if I know I have a 70% success ratio and this is my typical size overall, you can actually extrapolate out to give yourself the best bet of okay, I think I will make a million dollars this year.</p><p>[01:00:40.690] - Creed</p><p>At 70% success rate.</p><p>[01:00:42.640] - Creed</p><p>Man, for me to purchase Freedom, I need 2 million. I need 3 million. So what do you got to do? You got to go find another market. Well, because you have now created the strategy and honed in on your analytics. A person is a person. A trade is a trade. If you are trading a REIT or if you're going to purchase a house.</p><p>[01:01:08.710] - Creed</p><p>Guess what you got to do? Where's the resistance? I.e. what's the lowest point the buyer is willing to go on that house?</p><p>[01:01:14.660] - Agnieszka</p><p>Right</p><p>[01:01:15.080] - Creed</p><p>Where's the support base minimum.</p><p>[01:01:17.340] - Creed</p><p>So you take your skills that you learned over here, apply it to another market and start creating your other streams of income to go with it. The only thing I would advise against and this is just my own personal opinion on there, is if you are going to be a mentor and you can show and back and do everything you're going to do, charge more than $99 an hour. Because I really messed that up and that was my cost for those unaware.</p><p>[01:01:43.580] - Creed</p><p>When I went because I wanted to give everything that I could overall. But there was a cost. I only at one point in time charged $99 for my information and an hour of my time. I'm at a point now that I quite frankly cannot do.</p><p>[01:02:05.930] - Creed</p><p>That the value of the information and the amount of time or value that people are willing to put into it is directly correlated to how much that you cost. And I'm not about trying to make the money. I'm trying to make fact of, okay, you did such a good cost input on this that you're actually going to find value and succeed at what you're doing. And that's what I want more. I want more success stories from my students and I hate to say it.</p><p>[01:02:40.640] - Creed</p><p>But you do have to have a barrier of entry. Someone that is not willing to commit to what's happening. Don't get me wrong, you can trade the market as a hobby, as a game, binary options, stuff like that.</p><p>[01:02:53.820] - Creed</p><p>But if you're serious about wanting to purchase freedom then you have to make a commitment and you have to find good mentors. That is a non negotiable on there.</p><p>[01:03:08.160] - Creed</p><p>You have to stay committed and the time frame is different. The fastest I've ever seen anybody go from zero to hero was about two and a half, three months. And this is just someone that was a freak of nature and went, I'm trading one thing, only one thing and I'm always going to be looking at it when I get off of work. Okay, well guess what? Their 10,000 hours went to one thing very quickly because they weren't bouncing around.</p><p>[01:03:29.890] - Creed</p><p>They said it was a MACD. Yeah, they used a MACD and Heiken Ashi's and they only focused I think it was Apple, it was either Apple or amazon and that was the only thing. So think about it, that individual they're not hopping to different symbols, they're not changing indicators, they're not going through and looking at guru X, Y and Z. So you get two or three months on there. You've got let's say on the average 2000 hours on one stop, right? And one set of yeah, you're going.</p><p>[01:04:00.860] - Creed</p><p>To have some success. I'd be surprised if you did that's right overall on there. That's the long gambit about it and that's how I look at things when I'm trading people and understanding the participant of the market and it's difficult. On average I will trade about three to five equities at one point in time. I will put ES and SPX Nasdaq and QQQ whenever I'm trading those futures. I can also then have a trade initiated on the underlying because like we said before, you may only be able to put so much money into one specific thing. Well, if you know the Es, the SPX and the Spy move with each other, congratulations. They all run in correlation. So now you're able to devote three X capital. So you're not becoming the market, but you're still taking advantage of the same move. You can go and see this through many different things. Don't get in the bonds to begin with. I'll just be straight with that. In my firm opinion, you need to understand a regular market and quite frankly understand the options market itself and how to trade the options market before you get into bonds.</p><p>[01:05:12.090] - Creed</p><p>Because, and I know I'm going to get crucified for this one, but bonds are a much more sophisticated option is what they are. When you really break down the idea of them on a 10,000 foot overview, they really are just a much more sophisticated option. So avoid bonds to begin with. Once you understand terminology, you got some time in, you're showing a little bit of profit on stuff, then hop over the bonds because that opens up a whole nother thing that we can talk about later on on stuff.</p><p>[01:05:41.760] - Agnieszka</p><p>So the question on that not on the bonds, but options or stocks for someone who is still trying to build consistency.</p><p>[01:05:48.990] - Creed</p><p>How big is the account?</p><p>[01:05:52.840] - Agnieszka</p><p>On average let's say above the 25 so that you can actually day trade for day trader. Well, because that's the reason a lot of traders would go for options because they don't have such a big account, right? But imagine you do have it and you have the choice.</p><p>[01:06:10.550] - Creed</p><p>Standard leverage for a lot of accounts is two to three X. So you have 25,000 in cash. They're going to allow you 50 to 75,000 in purchase of stock.</p><p>[01:06:20.710] - Creed</p><p>So with that being the case, in my opinion and that's firmly what it is, if it is under $15, just do the stock because most of the time the options have no flow. Yeah, you get a little bit on NEO and sometimes you get stuff on Ford, et cetera.</p><p>[01:06:40.460] - Creed</p><p>But as a totality of stuff, if it's under $10-$15, just stick to doing the stock.</p><p>[01:06:47.670] - Creed</p><p>If it's over that and you start to see the flow of the options to actually have some good volume and that is dependent on each individual overall. And keep in mind, open interest is not volume. That's a big thing with options. Open interest just means the order is out there. Doesn't mean anybody's actually transacting with stuff.</p><p>[01:07:08.760] - Creed</p><p>So if it's over $15, there is good order flow within the volume, then yeah, go to options. Why not? As long as you're not seeing something like, okay, for the totality of the day, there were 400 options. So tomorrow I'm going to buy and at the money, and I'm going to buy 100 of them. No, I'm not going to become a quarter of the market overall. I might buy ten and look for a move on there five to ten. So now you have the issue of okay, well, I can only allocate five to ten on this. So you bring that up, you have it over in the window.</p><p>[01:07:42.010] - Creed</p><p>Automate your orders. It's the biggest thing. Automate your orders and then you can go, okay, well, I've devoted my capital to here. Let me go over this stock over here. So work in an area of prioritization. You can leverage your money better with options both ways, profit and loss. Keep that in mind. With stock, you're not at as much exposure as you are with the option and you can hold on to that stock. Whereas with the option, it has an expiration overall.</p><p>[01:08:17.430] - Creed</p><p>So I'm not saying to be a bag holder, but when you buy stock, you're also buying a little bit more time to maybe you missed an analysis or maybe there is a report coming out keep that in mind.</p><p>[01:08:30.260] - Creed</p><p>So if you wanted a nice hybrid covered calls, you get stock and you can work options.</p><p>[01:08:37.140] - Creed</p><p>That's actually a friend of mine, Jeremy Veerland. He puts one through there and he does a modified will strategy. And I've ran that strategy and eventually end up at net zero on your shares if you do everything right and takes a while, don't get me wrong, it takes like two, three months to end up hitting that but think about that. You purchased your shares and you saw that, let's say it's Ford. You purchased your shares, 100 shares here, and you have that option strategy, and you're just selling calls and puts both sides as you make that profit on there because Ford tends to stay in this range. Cool.</p><p>[01:09:07.170] - Creed</p><p>You're making $50, $100 per $100 on here, and it cost you $1,000.</p><p>[01:09:12.720] - Creed</p><p>By the time you have ten trades done, you're at a net zero on what this cost you. And you still have this to rent out for those covered calls. But you also own the stock, and it will pay you a dividend right later on. So now you made one transaction to buy the shares, but you're leveraging those shares three different ways. Covered call, cash, secured put, and then a dividend payment if it is a dividend stock. So there's a whole bunch of different ways to do that. So I guess it depends.</p><p>[01:09:46.630] - Agnieszka</p><p>Creed, we can go on and on. But knowing how busy you are, how much time I have taken already of yours. I am so grateful that you really were able to allocate this time for me and for my listeners because you have just given so much wisdom and so much knowledge and so many great not just tips, but really the way to how to see the market, how to set yourself up for success. This was wonderful. I want to ask you, can you point people in the direction where they can either read something from you or get more information or I don't know, you probably have a YouTube channel?</p><p>[01:10:29.560] - Creed</p><p>So, I do not have a YouTube channel right now, but you can find a lot of my old videos on Bullish, Bears, Money.Net, Anne Marie. I did a podcast with her as well. But honestly, I'm an open book, so you can find me over on Twitter. And if you want to get a hold of me for whatever reason, you want to talk about mentorship, you want to talk about getting with me on a deal to do either in the hedge fund or real estate stuff, whatever, I'm an open book. If I don't respond instantly, well, you guys kind of understand why, because, hey, I still got to trade. I got two Belgian Malinois. They ate me out of house and home. But you can find me on Twitter. That's the easiest place. And all of my website links and all of that are around Twitter. So nomadictrading.com. I'll do a fun one. I'll do a fun one, too, because I am who I am. And if you do enough research about me, you'll be able to find this.</p><p>[01:11:24.940] - Creed</p><p>So I will give the last seven digits of my cell phone number on this. You have to figure out the area code. Okay,</p><p>[01:11:36.670] - Agnieszka</p><p>I'm going to write it down.</p><p>[01:11:39.630] - Creed</p><p>The last seven 944-9666. Okay.</p><p>[01:11:46.240] - Agnieszka</p><p>Okay. So I'm going to post this number also under the episode in the notes so that people can figure it out, and then they can send you an SMS if they have a question.</p><p>[01:11:56.060] - Creed</p><p>And what I do, I have clients, I have friends, and that number is out in the ether, so it is possible to find it. But if I don't respond to you instantly, keep it in mind. I get a lot of different messages on stuff, but I am happy to speak with individuals. If you're serious, if you're wasting time, I'll block you. I'll just be straight with it. But if you're serious about things and you really want to have a real conversation, don't be afraid to reach out to me. I'm happy, and as I travel, I meet people all the time.</p><p>[01:12:29.810] - Agnieszka</p><p>Fantastic.</p><p>[01:12:30.490] - Creed</p><p>Happy to do that.</p><p>[01:12:31.320] - Agnieszka</p><p>Well, that brings us to the end of this episode, and I hope that this will help many traders who are listening to get some good perspective and also kind of look at their own way of how they perceive the market and how different you can do it. For me, listening to you was really eye opening that you cannot just focus on one thing, right, that everything is really connected to each other, and you have to see the broader picture of financing and really money management because you can be a good trader. But when you make that money, you have to know what to do with it in order to multiply it and to keep investing and having that broader perspective, broader view on things. And I really like the tip that you gave about talking about the money in points, right? That is just, I think, one little trick for your mind that will help you to disconnect a little bit better from that money value that a lot of traders associate with their own value and self worth.Thank you very much for that.</p><p>[01:13:57.560] - Agnieszka</p><p>So thank you again for joining us for this real conversation today. I really, really appreciate you sharing your insights and this very refreshing point of view on trading, trading psychology and human behavior. And thank you everyone for listening to the Confidence in Trading podcast. Make sure you visit confidenceintrading.com and grab your free copy of the Consistency guides with ten easy ways to improve your trading. If you enjoy my show, please review it and rate it on Apple podcast. And be sure to subscribe so you can come back for a real life conversation in the next episode. Thank you Creed for joining.</p><p>[01:14:44.750] - Creed</p><p>Thank you for having me on the podcast. And everyone make sure to subscribe. She's doing great work and I appreciate you opening the floor for me on this.</p><p>[01:14:54.200] - Agnieszka</p><p>Thank you, Creed. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="72136455" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/7afb6cb0-97b8-4ea0-9337-a997cdcdc9b8/audio/ca626e9c-d3ea-43e4-8cd9-d8c39c758db3/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Human Element In Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>01:15:08</itunes:duration>
      <itunes:summary>In the fast-paced and ever-evolving world of trading, success is not solely determined by knowledge and experience, but also by understanding the human element. Today, we embark on a captivating journey into the life of Archimed La Luce (Creed), a remarkable individual who has made a significant impact in the trading industry. From humble beginnings to becoming a Principal Investment Officer at Quasar Markets, Creed&apos;s story offers valuable insights into the way of investing, reading the markets, importance of mentorship, continuous learning, and the psychology of traders.
</itunes:summary>
      <itunes:subtitle>In the fast-paced and ever-evolving world of trading, success is not solely determined by knowledge and experience, but also by understanding the human element. Today, we embark on a captivating journey into the life of Archimed La Luce (Creed), a remarkable individual who has made a significant impact in the trading industry. From humble beginnings to becoming a Principal Investment Officer at Quasar Markets, Creed&apos;s story offers valuable insights into the way of investing, reading the markets, importance of mentorship, continuous learning, and the psychology of traders.
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>13</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">db6dc44c-eee0-4d63-a5c2-264f4c1870f3</guid>
      <title>How Do You Do Nothing?</title>
      <description><![CDATA[<p>In this episode Gary Portugal and Agnieszka have a discussion sparked by a tweet of a very seasoned investor and portfolio manager Jason Shapiro, who recently posted that not trading is actually a trade in itself. This thought brought the inspiration to talk about how to do nothing in trading. Many traders have difficulty staying away from the market and cannot resist the constant flow of opportunities. It is not easy to stay away from action, because we're programmed to think that we must act. Especially if we want to achieve our goals. </p><p>With decades of experience in trading and working for large financial institutions, we hear Gary share the valuable lessons he learned and his philosophy on doing nothing. One of the things he points out as a reason for the need to act is equating trading and having risk on, in the markets, with working hard. Almost as if not trading means cheating. It is key for every trader, especially if you trade for a living that you don't have to trade every day.</p><p> </p><p><strong>About Gary Portugal</strong></p><p>Gary Portugal began his FX journey in New York in the 1980s as a spot G10 Market Maker, before specializing in European Monetary System currencies in the 90s. After the creation of the Euro in 1999, he transitioned to trading emerging market currencies and to developing a spot FX e-commerce business at a major financial institution in London. He then spent a decade at a proprietary trading group as a market-maker in emerging market currencies to various electronic currency networks. He now trades and invests independently across all asset classes.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Gary Portugal:</strong></p><ul><li><a href="https://www.linkedin.com/in/gary-portugal-247ba4b/">LinkedIn: Gary Portugal</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>[00:00:00] - Agnieszka</p><p>I'm Agnieszka Wood and on today's show I am very excited to introduce my very special guest, Gary Portugal. And maybe you remember Gary already from previous episode. He was here a few weeks ago and we were talking about trading for a Living, which by the way, became so far our most popular episode. So if you haven't heard it yet, I highly recommend it. It's the Episode 3 Trading for a Living. Gary has been a professional trader for 35 years and he's still trading now, just not as a professional, but sort of because he's trading for a living. So not for anyone else, but for himself. And Gary is joining us today to talk about the topic that is really hot for every single trader. And it was very spontaneously sparked that conversation that I thought this will be so valuable for everyone. So let's start. And Gary, welcome to episode number twelve: How do you do nothing? Hi Gary, welcome to my podcast.</p><p>[00:01:15] - Gary</p><p>Hi Agnieszka, thank you so much for having me again. Pleasure to be with you. I guess I'll start by just saying what, as you mentioned, what would have sparked us to have a discussion today, which was a tweet by an investor, very seasoned investor, and portfolio manager by the name of Jason Shapiro, who he has a website that focuses on basically trying to find when markets become too crowded. So he basically measures extremes in market sentiment. Anyway, he recently posted a tweet in which he stated that, quote, unquote, not trading is actually a trade in itself. And when I saw that, it really resonated with me. And it also made me think of contacting you again because I thought it would make for a good topic of conversation. And the bit that he added to the tweet was he said it's better to miss a trade than to take a trade that you're not supposed to take and end up losing money on it. And again, that really resonated with me. I've thought that many times and in my own head, I mean probably hundreds, if not thousands of times over all the years I've been in the market.</p><p>[00:02:51] - Gary</p><p>And to see somebody actually put those words out in public on a tweet, it really woke me up.</p><p>[00:02:59] - Agnieszka</p><p>Basically, it's such a powerful thing to realize, right, that whether it's in trading or in life, really, that we don't always have to do something. I think this has a lot to do with having control, that we want to control things and that gives us this urge and need to act. And this is how we grow up, most of us anyway, that if you want to achieve something, you have to put a lot of efforts, you have to do a lot of doing in order to get somewhere, right, to become someone in trading that is bringing you in trouble.</p><p>[00:03:39] - Gary</p><p>Many times this feeling of the need to act as opposed to doing nothing, whereas sometimes like silence. Sometimes not acting actually is an action, but it goes against what we're taught. We're programmed to think that we must act, we must talk.</p><p>[00:03:57] - Agnieszka</p><p>Right?</p><p>[00:03:58] - Gary</p><p>We must not be silent. We must not fail to act.</p><p>[00:04:01] - Agnieszka</p><p>Right. Because how do you do nothing? How do you not act right? I always get that question from my students because in my program, I have this whole module about letting the control go and letting things happen. So basically letting it go. And then how do you let go of that control? Especially over things that you cannot control, like the market? So the question that I get is, but how do you do that? How do you do nothing? You don't. That's the whole point. You don't do anything. So you don't do doing. You just don't do it. Does that make sense? It's like, how do you do nothing? Like even your private life, you just sit there, you relax, and you let things happen for you. Right? You are more in that observer role, right? Yeah.</p><p>[00:05:02] - Gary</p><p>That's a really good way of phrasing it. I think there are times when it's perfectly okay to just watch as opposed to do. I think the time to do is when you have a very high level of confidence in something, whether it's trading or any other aspect of your life, when you have a high level of conviction. And if you don't, at a given moment in time have that high level of conviction, why pretend that you do? In other words, why trade on a daily basis when nobody's putting a gun to your head and forcing you to do that? And I think that we feel the need to, as you would say, act every day or trade every day. And I think that's one of the first things that anybody trying to trade either for a living or professionally whatever, has to address this concept and come to grips with.</p><p>[00:06:02] - Agnieszka</p><p>Right.</p><p>[00:06:02] - Gary</p><p>And try to accept that, no, you don't have to trade every day. That is not a rule. You're not going to get put in prison if you don't trade well, you.</p><p>[00:06:15] - Agnieszka</p><p>Put yourself in prison sort of because you put that pressure on yourself. And what if then there is no trade?</p><p>[00:06:23] - Gary</p><p>I think there are so many reasons that contribute to people feeling that need to trade every day. Almost as if maybe people feel that if they're not trading, they're cheating.</p><p>[00:06:37] - Agnieszka</p><p>Right?</p><p>[00:06:38] - Gary</p><p>Or that if they're not trading, that they're not working hard enough. So people equate having risk on in the markets whether they're confident in that risk or not working hard. And that's not the case. You might be motivated, you might be doing as much research, as much preparation as you possibly can, but there's nothing in the market that strikes you as worth doing. There's no point in putting on risk, right? And by choosing to not risk, you're not cheating, you're not you're not failing to try. You're recognizing that there isn't a trade that makes sense, really makes sense for you to do. But I do think that we all get caught into this trap of thinking that you have to be trading every day, otherwise you're failing.</p><p>[00:07:29] - Agnieszka</p><p>And that's a big problem. That projecting that fact, whether you are working hard enough on who you are and your own self worth, because that is that connection that people a lot of times make. Like, if I'm there and I trade and I didn't make money, at least I feel like I've done everything I could. But that's false premise, because you have done basically everything that you have learned. That does not apply to trading just beater and putting hours in. Right. But it is not hours in necessarily placing trades. It could be hours of just watching the charts.</p><p>[00:08:16] - Gary</p><p>Exactly.</p><p>[00:08:17] - Agnieszka</p><p>The problem is that if you're sitting in front of the charts, the next thing you know is you start clicking the buttons. Yeah.</p><p>[00:08:25] - Gary</p><p>There's a tremendous temptation to try to immediately translate a thought or an idea that the chart gives you to immediate action.</p><p>[00:08:37] - Agnieszka</p><p>Right.</p><p>[00:08:37] - Gary</p><p>And as opposed to being more selective, because we probably all get loads of ideas over the course of a year. And looking at if you look at charts on a daily basis, I do, I do a run through of the charts every single day, without fail, sometimes twice. And you're always going to get hunches from that or ideas from that. But only some of those ideas, or maybe even a small percentage of them, are what I would call really actionable. Doesn't mean that you can't learn from them. You know what I mean? In other words, because the chart gives you an idea, it doesn't mean you necessarily have to do it immediately. It might mean that I see a process going on here. I see that silver may be bottoming. That doesn't mean that on Wednesday, July 5, you necessarily have to buy it. If you did buy it this morning, you'd be up some good money right now. But if you're looking at it thinking, god, this looks like in three months this is going to be could be a lot higher. Still doesn't mean you necessarily have to do the trade today. But it's on your radar now.</p><p>[00:09:44] - Agnieszka</p><p>Right?</p><p>[00:09:45] - Gary</p><p>Because it's on your radar, it doesn't mean you have to do it right away.</p><p>[00:09:48] - Agnieszka</p><p>Right.</p><p>[00:09:49] - Gary</p><p>I don't look at silver normally, it's not something I look at every day. So I don't just want to jump into it just because I happen to see something on the chart. I'd like to maybe play with it a bit, think about it a bit. That means that I might miss a little bit of the move, but I'd rather get into it when I feel like I'm ready to get into it as opposed to just, oh God, got to have this on now because I saw it on the chart and it looks great.</p><p>[00:10:13] - Agnieszka</p><p>It's just so interesting that in other areas of our life like imagine that you have some ideas about maybe buying something or maybe going somewhere, traveling somewhere or doing something, I don't know, building your own coffee table or something. Right. Do you also jump into all those ideas right away? Just start buying all the things that you are dreaming about and going all the places, booking your tickets you also don't do that. Right, that's a great point. Nobody's doing that.</p><p>[00:10:50] - Gary</p><p>Exactly. Can you imagine if you acted on every impulse that you had in your personal life, whatever about things you want to do to the house, with travel, with learning something new. I mean you'd drive yourself nuts.</p><p>[00:11:02] - Agnieszka</p><p>Totally.</p><p>[00:11:03] - Gary</p><p>You'd be doing 30 different things at once and you wouldn't achieve any of them.</p><p>[00:11:07] - Agnieszka</p><p>Exactly, yeah. Being selective, I think in life in general it's a pretty big virtue but it also gives you a certain peace and that is what gives you control. Right? Being selective, being in that position where you are actually making a choices. What is the best course of action for me at this particular moment? Not just because everything is moving and I'm going to jump into 100 positions because just everything is moving but thinking, okay, what makes me feel good to go into? I used jump on purpose because I always say if your head is telling you jump into something, you probably shouldn't do it because jumping by principle means very impulsive action. Right? Yes. Emotional. Yes, exactly.</p><p>[00:12:02] - Gary</p><p>Letting the emotion take over the process which I don't think is great and.</p><p>[00:12:09] - Agnieszka</p><p>It might be great if you can be spontaneous in your life but in trading in general yes. Not a very good idea.</p><p>[00:12:18] - Gary</p><p>I agree with that. See that's another I totally agree. That's another example of sometimes how trading can contradict the rest of your life. I agree with you. Spontaneity, generally speaking, is a good thing in life overall. But yeah, in trading it can be a real problem. Interesting to think about what makes selectivity hard for people? Why is it that people find it difficult to implement being selective? And I wonder if part of that might be that being selective means being able to accept that you could still get it wrong. Like if you're selective, that's not a guarantee that you're going to win, it might increase your chances of winning and then maybe people feel like, god, if I'm very selective and I don't get it right on those selective moments when I do take on risk, then God, I must really be a failure. But I would argue that that's not the case because if you're being selective and you get it wrong, you're probably going to have another chance. You'll have another chance to take risk.</p><p>[00:13:25] - Agnieszka</p><p>Right.</p><p>[00:13:26] - Gary</p><p>Whereas if you just take risk indiscriminately for 20 days in a row without being selective, you might run out of money, you might not live to fight another day, whereas with a selectivity you will live to fight another day. Yes, you might miss some trades that would have been winners by being selective, but I would argue that at least you live to fight another day if you choose to put a trade on and it doesn't work.</p><p>[00:13:55] - Agnieszka</p><p>One of the reasons why I think it is so difficult for people to be selective is because they don't have a very well specified object of their attention. Like what do they want? If I exactly know what I'm looking for, if I exactly know what it is that I want, I can be much more selective because I know the reason why am I selective? Right. If I don't know exactly what I'm looking for, how am I even going to do that selection? How am I going to say no to things that are not within the scope that brings me closer to what I want? And then the second part of it, I think, is patience.</p><p>[00:14:40] - Gary</p><p>Yes.</p><p>[00:14:40] - Agnieszka</p><p>And that has to do with how do you specify what is your expectations to get what you want and how soon, right?</p><p>[00:14:51] - Gary</p><p>I think that's huge. Being able to both on a sort of a micro level and a macro level, both in terms of, say, a particular trade, like not demanding that you get your reward within 1 hour. I mean, it might be something that you have to sit with for a number of days, possibly even weeks, maybe even longer, to get the real, real reward of that trade. And then the more macro thing is in terms of judging how it's going and assessing that you need a number of trades that you can't expect that after three trades, even if you had won on two out of the three trades, let's say, you can't expect to have that make a life changing difference. It's going to take this is a process, I think. I mean, people might not want to hear this that acts out in years, not in days or weeks or even months, right? And you have to be prepared to look at it that way. That you're on a journey that over a period of years that if you work at it, if you stick to the process, if you learn to try to do less of the things that don't work and more of the things that do work, I think over a period of years, you are going to get the reward from that.</p><p>[00:16:13] - Gary</p><p>But you said, do people have the patience to wait for that? Do people have the patience to even wait for an individual trade to give them the reward that they might be able to get from it? Or are they just happy to say, oh God, that's an okay profit, I'll take it off. Meanwhile, maybe they could have made double the amount if they kept part of the position on but it's the lack of patience it's the wanting to solidify it right now, like the desire for the certainty. And maybe it's the desire for self praise to be able to say, yes, I made some money, I'm going to pat myself on the back.</p><p>[00:16:50] - Agnieszka</p><p>Yeah. Because of that self worth. Right. It says something about you, what you were able to achieve, and you want to do it sooner than later, especially if there was a long period of time where that wasn't the case when you were failing. So now you have this urge like, okay, I finally want to feel good.</p><p>[00:17:10] - Gary</p><p>Like the need for self validation, if you like, through a positive trading result.</p><p>[00:17:16] - Agnieszka</p><p>Yeah. And self validation through trading is kind of lost battle because you see the difference between how we get self validation from other from a job, for example, is not through money. We know we will get money if we do a good job. Right. And there's so many researchers done that actually money is not a good motivator. That pat on the shoulder from your boss is much more powerful than getting a raise because the money eventually will fade. The value of the money in trading, it is so difficult for people to disconnect it. They really see themselves valued depending on how much money they make.</p><p>[00:18:02] - Gary</p><p>I agree.</p><p>[00:18:03] - Agnieszka</p><p>And I see it many times that when you have big profits, you feel invincible. You'll feel like a king of a castle. Right. And it's like, oh my God, I made it. And then there is a one week where it's not going well. Then your whole world collapses. And that's such a if you cannot let that go, if you cannot let go of that connection, it's going to be very difficult to work like this the whole life. Do you want to feel like this right when you trade for living?</p><p>[00:18:48] - Gary</p><p>Yeah. If you require that dopamine hit every day. That is a problem. Because you could have a whole week, even if, let's say, you had a very good period where you had, let's say, two weeks where you did very well, and then you had a third week where you just really didn't have any ideas and you did very little. I think for some people, the risk is that they view the third week where they do very little as a failure.</p><p>[00:19:18] - Agnieszka</p><p>Right.</p><p>[00:19:19] - Gary</p><p>Because it's not that they lost money, but they feel a sense of failure because they didn't make money.</p><p>[00:19:25] - Agnieszka</p><p>Right.</p><p>[00:19:26] - Gary</p><p>And I think there's a big difference between not making and between actually losing. Once you lose money, you've got to recover that just to get back to break even. And I think sometimes people underestimate that that's easier said than done. It's very easy to say, oh, it's only a little bit, or it doesn't really matter. But if it if it starts to add up, you get to a point where you have a lot of work to do just to get back to flat. And that's why I think it's perfectly fine, whether it's following two bad weeks or two good weeks, to have a week where you just don't do much. If you don't really have something that warrants putting on risk for, you can't put on risk just to meet the daily expenses of trading or living expenses. I think that's something else, maybe that people have to bear in mind. I know that people will feel pressured. They'll think, okay, I've got utilities, I've got subscriptions to pay for, I've got charting systems, I've got brokerage, all this stuff. And if I don't make, then I'm not coming up the money to meet those expenses.</p><p>[00:20:44] - Gary</p><p>But if you think of it in those terms, I think you're putting additional pressure on yourself could lead to a bad outcome.</p><p>[00:20:53] - Agnieszka</p><p>Definitely. Because pressure in general, I mean, there is enough pressure in trading. Right. And putting pressure, financial pressure on yourself, it takes your focus away from the process.</p><p>[00:21:06] - Gary</p><p>Absolutely right.</p><p>[00:21:07] - Agnieszka</p><p>You cannot perform well when you are thinking about just the end result and whether you will make money or not. And it's just so interesting because that whole money part in trading, I think that's like the most tricky part. People forget that the focus can be not on trading for money, but just trading with money. There's such a big difference. Yes, we are trading with money that is the product of that business, but that doesn't mean that you need to focus on trading for money.</p><p>[00:21:41] - Gary</p><p>Yes.</p><p>[00:21:42] - Agnieszka</p><p>It just gets kind of meshed up together and people cannot take that separately because you see, in other businesses, a lot of times we do make decisions, okay, I'm going to work for this company because my values agree with that and the way I feel better about myself working for a company that protects the environment. Right. It says something about my value. So now when you are working in the market and you're working with money, that connection to that personal value is also made. That is what makes you value yourself based on the money you make. Because there is simply nothing more. You cannot say, oh, my trading company saved the world or saved the dolphins. Right. Now I feel better. No, you automatically connected to how much money I make. And can I feel better now because I did the good thing with my company? And you're absolutely right. That's the part that people forget and they need to remind themselves continuously, because if you keep thinking like that, it's going to be really hard to come back and actually focus on the process.</p><p>[00:23:03] - Gary</p><p>Yeah. I think there always has to be such a clear distinction between process versus the result, and that if you're following your process and it's a reasonable process, it's okay if you have a negative result, it's not a bad trade if you followed your process. Yes, it's a bad trade if you don't manage your risk properly. If you didn't execute your stop loss when the market reached that level, or if you knew you were putting the position on at a time when it probably was a bit too risky to do. So, like, you know, you're not going to want to have a position on into the FOMC meeting, so should you really be putting a trade on the night before the FOMC meeting? Because you know, the market's probably not going to move that much anyway. Even if you're right, things like this, are you following your process, number one? And number two, is the process good enough now? There's two different questions. I mean, I think following the process is absolutely fundamental. You have to do that. And then the other aspect is just evaluating the process over time. I mean, if something hasn't worked 27 out of 30 times, then fair enough.</p><p>[00:24:37] - Gary</p><p>Then at that point I think you can say, all right, this isn't working. I either have to do less of it or stop doing it completely and analyze why. But if you're making money five out of ten times doing something, the other five out of ten times you're losing, that's not necessarily a bad thing. If you're following your process and the times when it's not working, you're quick to minimize the loss.</p><p>[00:25:05] - Agnieszka</p><p>That's fine.</p><p>[00:25:06] - Gary</p><p>But I think so often there's a temptation to look solely at the result and kind of undervalue the process. I mean, if you have put a trade on and managed the trade properly from start to finish, even if you haven't made money, it's not necessarily a bad trade because you lost money on that trade, right? If you put a trade on that was in clear violation of your process because you reacted to something emotionally and you happen to make money on that, that actually might be a bad trade even though the result is positive.</p><p>[00:25:44] - Agnieszka</p><p>And then you can start measuring, like, how many of the real bet trades are you making and how many times you made a good trade and it doesn't work because then you can start actually looking at yourself as a trader from a very different perspective. Right. I was really curious about what is your take on back testing, because I know that in general, it is being said that you need to have at least a sample of at least 250 trades. If you back test, what's your take on it?</p><p>[00:26:17] - Gary</p><p>It's funny that you mentioned it's almost like you read my mind, seriously, because I think it's good to give something a certain period of time. And maybe you could say maybe in test mode, if you like. You can either do that by just doing it on paper and not putting real money into it, or another way to do it is just take very small positions and try a method out. The problem with giving with real money, it's difficult to give something 250 times because if you get it wrong, 200 times you might run out of money, right? So I think at some point you have to place a limit on it. But I think it is really useful to, in your own way, come up with a method of back testing. Some people will do it in a very sort of traditional way with algorithms or software or whatever. Other people might choose to do it an old school way, just keeping a journal. I feel like I'm constantly doing that. I'm always doing that because market conditions change and things that work well in volatile environments might not work well in quieter environments and vice versa.</p><p>[00:27:40] - Gary</p><p>So to me, it's almost like as you're going through your trading, especially if something isn't working that well, I think it is good to sort of back test it at that point. Maybe stop doing it with real money. Do it on paper. If you want to continue doing it, do it in much smaller size. Keep track of it and be honest with yourself and say, okay, out of the last ten times, how many times has this worked? And if it's not working, try to identify why. Is there a reason why something that you think should work isn't working? What am I missing? What piece of the puzzle am I not taking into account? Is it simply that this strategy isn't appropriate to current market conditions? Or is it something else? Is there something that I'm completely overlooking that might prevent me from taking these sort of trades? I also think there's nothing wrong with using a back testing process to decide and say, you know what, I can't figure out why this isn't working. But the bottom line is it's not working, right? Whether I can figure out why or not almost isn't that important.</p><p>[00:28:54] - Gary</p><p>Fact is, it's not working for me and it's okay to stop doing it.</p><p>[00:29:00] - Agnieszka</p><p>And we are back to doing nothing. Because that's exactly the moment when you should stop and actually take a step back and start looking into how am I going to fix this problem? Right? Instead of doing more. Because that's the very first reaction. Something is not working. I'm just going to put more work into it until it's working. And that's where people start losing their accounts.</p><p>[00:29:27] - Gary</p><p>How about this? I mean, look at it this way. Almost like fear of doing nothing. In other words, if you stop doing what's not working, all right, then that's going to mean you're going to go through a period where you may have to do nothing until you find something that you feel will work. And I think people have discomfort with the uncertainty of that. In other words, what does that mean? Does that mean I can't trade for a week?</p><p>[00:29:53] - Agnieszka</p><p>Exactly.</p><p>[00:29:53] - Gary</p><p>Does that mean I have to stop trading for a month? I can't do that. I can't stop trading for a month. It's not only the bills that I have to pay. It's the psychology. Yes. It's almost like saying you can't have ice cream for a month, right? People don't want to hear that. And it's the fear of the unknown, the lack of certainty.</p><p>[00:30:13] - Agnieszka</p><p>I love what you said, fear of doing nothing. I think this is like a viable fear because it's like, you mean, I'm not going to trade, so I'm not going to make money. And then I say, yeah, but you're also not going to lose money.</p><p>[00:30:27] - Gary</p><p>And what does that do to your feeling of self worth if for a period of time you're doing nothing, are you then devaluing your self worth during that period when you're doing nothing? I mean, I think it's a mistake and sad if people do that, but I think that's what's happening totally.</p><p>[00:30:45] - Agnieszka</p><p>I think the need to be useful is so deeply ingrained in us. Like, I need to be useful.</p><p>[00:30:53] - Gary</p><p>Yes.</p><p>[00:30:53] - Agnieszka</p><p>And people forget that just by living, you are already useful because you are contributing to the society. Just by being there. You are useful, you have a role. And especially like if you have a family, there is always a role that you are fulfilling and for yourself too, because if you are doing nothing, you giving yourself rest. And that's very useful. Useful to your mental state, useful to your body taking rest. Right? So you actually letting a lot of processes that normally when you are going like crazy, trying to do a lot of things, trying to work, like machine and stressing yourself out about losing money, about have to have a trade now you're giving yourself that moment where your nervous system can actually finally recharge and recoup.</p><p>[00:31:52] - Gary</p><p>I think having the opportunity in periods where there's less obvious trades to do or where you don't have, where something isn't immediately hitting you that you should do in the market. I think people sometimes underestimate how valuable that could be in terms of just like making sure that you're taking advantage of that to exercise, to look at other aspects of your life that you may be neglecting slightly. That is an advantage of having that period where there are no great trades to try to do, right? Look at your diet, look at your exercise, your sleep, whereas when you're just wrapped up, I think in robotically trading, whether it's working or not, I think there's a tendency to neglect these other areas of your life yeah.</p><p>[00:32:46] - Agnieszka</p><p>Which are, by the way, having that opportunity to do that and having that freedom is the reason why people step into trading in the first place. So just start living it already, right? Don't wait until you make it because those parts, like the moments that you are taking off from trading when there is no opportunity actually helps you to achieve your goal much more than sitting there and over trading right, and accepting it. That this is part of this job will give you also more freedom, mental freedom and more. Feeling that you are actually making it. Right. I know there's this whole term to make it because it's not really like one point in time. If you want to trade for a living, start living a trader's life. And that involves not trading all the time.</p><p>[00:33:45] - Gary</p><p>Exactly. I think there's a big element of thought, just pains me of ego in this. In other words, being able to actually say I don't know which way the market's going to go today.</p><p>[00:33:57] - Agnieszka</p><p>Right.</p><p>[00:33:58] - Gary</p><p>I can make a good case for it to go either direction. Honestly don't know. But I think ego prevents a lot of traders from saying that to themselves because the thought process is that oh, I'm supposed to always know where the market is going to go every day. Well, maybe if you're working in a bank as a market maker, that's what sort of drilled into you. But if you are a professional trader or somebody trying to trade for a living or whatever, and you're not working for large financial institution, it's impossible to pretend to know where the market is going to go every day. But the ego, I think, makes us feel like oh, if I don't know where it's going, then I must be stupid, right? I must be thick if I can't predict where it's going.</p><p>[00:34:44] - Agnieszka</p><p>Yeah, I'm supposed to know.</p><p>[00:34:46] - Gary</p><p>Exactly. Bingo. That's a great way to put it. I'm supposed to know and if I don't know, I'm a loser. Yeah, how silly is that?</p><p>[00:34:55] - Agnieszka</p><p>I know.</p><p>[00:34:55] - Gary</p><p>I think it's so important to be able to admit and say, you know what, I can't call it here, I really can't call it. But I think people have a hard time being able to look themselves in a mirror and admit that to themselves. Nothing wrong with it, to not know where it's going to go.</p><p>[00:35:12] - Agnieszka</p><p>It's part of letting that control go.</p><p>[00:35:14] - Gary</p><p>Exactly.</p><p>[00:35:14] - Agnieszka</p><p>Accepting that you don't control the market and all you can do is just follow it, defining the direction. It's nothing set in stone because it might go your way, the way you think it's going to go for a while and then it might going to turn around. So are you now right or are you wrong?</p><p>[00:35:33] - Gary</p><p>Exactly. If you were right for 3 hours and then it starts to reverse, are you then wrong if you've still held the position right as opposed to if you were right for just 14 hours straight? Exactly right.</p><p>[00:35:51] - Agnieszka</p><p>Yeah.</p><p>[00:35:52] - Gary</p><p>It is a moment in time.</p><p>[00:35:54] - Agnieszka</p><p>Funny thing is that or maybe actually it's not really funny, it's pretty sad that the ego will always pick up the side of trying to criticize you. So even if you were right for 3 hours, it will know to turn around the story to tell you that you were not good enough and you haven't done the proper job to identify the direction of the market.</p><p>[00:36:17] - Gary</p><p>And that's negative feedback, it's negative self talk and this type of thing I think is to be avoided like the plague. It's really counterproductive. But I think, as you say, I think it's unfortunately, it's kind of like human nature in a way. But it's something that we have to try to fight to try to counter because it's going to hold a traitor back having that sort of tendency to always be self critical, right.</p><p>[00:36:51] - Agnieszka</p><p>One of the reasons why people like to be always busy is because the moment that you are not that you are doing nothing and you actually sit there and observe, that's where all the thoughts are suddenly visible and all the thoughts are coming into your head. When you are busy, it's much easier to push them away, right. Because you're just doing something, right? So you're not that focused on your head. And that's most of the time where people start doing and doing and doing and doing thinking. This is actually helping me. The thing is with the thoughts is we cannot release them if we don't let them. Like if we don't acknowledge that they are there, we are just pushing them away. That's resisting and they're still there, it's just that we don't want to see them. I like to compare thoughts to the clouds and they're just passing by through your head, right. Your brain is that tool we have that kind of reads the thoughts. So if this thought is coming up, it doesn't mean you have to do something with it, you have to hang on to it. You can just look it as a cloud, it's passing by and it's up to you what you do with that.</p><p>[00:38:12] - Agnieszka</p><p>But if you are pushing it away when it's coming, it didn't go away, you just put the block in front of it and say, no, not now. So this thought is kind of circling around and waiting for you to release it. So don't be afraid to do nothing and to let those thoughts come, even if you don't like those thoughts. But you will at least have this experience that you don't have to do anything with the thoughts and that you are not the thoughts that's I think the biggest part of it. You are not your thoughts.</p><p>[00:38:48] - Gary</p><p>I agree with that. You mentioned talking about being busy or the concept of being busy. I wonder if sometimes people fear never being busy again. In other words, it's the fear of like oh, if I'm not busy now, does this mean that I might never be busy again? And it gets back to the which of course is irrational. But it's that fear. It's almost like the fear that there will never be a good trade again. As if this is it, I got stopped out, I took a loss and God, it's going to be six months before I see another.</p><p>[00:39:25] - Agnieszka</p><p>And again, it's not rational, right, because 2 seconds later you're in another trade.</p><p>[00:39:31] - Gary</p><p>Exactly. I mean, the power of fear, I think, can't be underestimated and unfortunately, like the negative power of fear that if we don't manage it well, it can really lead us down terrible rabbit holes. Something else I just wanted to touch on before about just this whole concept of doing nothing is that there's a difference between failing to take a trade that you should take. In other words, your process says that you should take it, and for whatever reason, you choose not to. You get cold feet, you get nervous, and you decide not to take it. So you do nothing. That's different than consciously choosing to do nothing because you don't see any value in the market. You don't see any good trades to do.</p><p>[00:40:24] - Agnieszka</p><p>That's a very good point.</p><p>[00:40:26] - Gary</p><p>When we talk about doing nothing, we need to distinguish between doing nothing as a conscious choice, that's process driven, or doing nothing as a result of not following your process.</p><p>[00:40:40] - Agnieszka</p><p>Right.</p><p>[00:40:41] - Gary</p><p>Two totally different scenarios there.</p><p>[00:40:44] - Agnieszka</p><p>So how do you do nothing? What do you do? Do you do something when you do nothing?</p><p>[00:40:51] - Gary</p><p>I think the way I look at it is this. I mean, for a start, the charting helps. Making sure that, especially in quiet times, that I do a really solid run through of all the markets that I look at, across asset classes, and I don't look at 100 or anything like that. I probably bet maybe 20 instruments in total that I look at. But I look at them on different time frames, like quarterly, monthly, weekly, daily, four, hourly, just to get a sense going back in time about what the bigger picture is and then taking it all the way up to what's going on right now. And I always feel that when I'm doing that, even if the market's quiet, I don't have any active trading ideas that I'm kind of getting prepared. In other words, it's like doing my stretching. In other words, it's getting me ready for when something does happen. Either a level is reached or a level is broken, or doing this sort of preparation. The other thing is more like fundamental research, like just listening to podcasts, reading research, not everything. Again, being selective about it, finding things that I find help me, like commentators that make me think of things that maybe I overlook sometimes, making sure that I understand what's going on in the market.</p><p>[00:42:22] - Gary</p><p>And I think that quiet market, when you're not actively trading, it's a wonderful time to do that, right? You can maybe read something with a bit more attention. You can maybe listen to a podcast or webinar and not be distracted. You can be a bit more fully focused on it. So basically, long winded answer to your question, how do I do it? How do I do nothing? I try to increase my knowledge base whilst I'm waiting for my next trade idea to come. Just keep increasing the knowledge base, what I know about what's going on, even try to improve my understanding of things like why yield curves get inverted and what that means and why if an inverted yield curve means a recession, well, how come we're not in a recession now? Where's the recession, right? Just trying to improve a little bit each day in terms of overall market knowledge that might help me in terms of putting on positions and looking at that as a win. In other words, not saying, oh shit, I haven't done any trades today, or I traded in a flat or a little bit, lost a little bit.</p><p>[00:43:35] - Gary</p><p>Not looking at that as like a defeat saying, hang on a second, I might have learned something today. I might have picked up some knowledge or a way of looking at the market that might help me going forward. And another thing I would add that I haven't mentioned so far is the human behavior aspect of this, which is where, frankly, people like you come in, like, hang on a minute, there is this human behavior component to this. What am I doing? Am I helping myself get the best out of myself, often trading and otherwise and kind of allocating some time to that, like listening to podcasts from people like yourself and questioning and taking a little bit of time to say, okay, am I doing things that are making it myself more productive or less productive? And if not, what needs to change?</p><p>[00:44:28] - Agnieszka</p><p>Right? And that is actually a really great way to give that feeling to yourself of I am growing as a trader, right? Yes, because you increase your knowledge as a trader. So you grow as a person, as a trader without connecting it to the end result of how much money I made. Because knowledge has so much more value than the nominal value of the money you make. Because if you are really growing as a trader, your account will follow, especially if you do that in the time where you should not be trading, right? Because now you're spending really actually the time that you have allocated to trading on something that's very valuable. And I think when you are in that moment where you are not trading and you start journaling your thoughts, your emotions, what is going through your head, what is going through your stomach, what feelings do you get, what urges, what fears. If you start writing that down, you will start discovering patterns that are pushing you to take trades that you shouldn't be taking, that you will start noticing how you talk to yourself and that will give you that different perspective of, oh, okay, is this really what I'm doing to myself?</p><p>[00:46:00] - Agnieszka</p><p>Because you might start noticing some ruminating thoughts and noticing that it is actually most of them are not true, that they are not in line who you are, but they do make you feel bad about yourself. So that's a very great suggestions and ways for the listeners to implement into their trading. So thank you for that, Gary.</p><p>[00:46:24] - Gary</p><p>You're welcome. I think yeah, just trying to have a mindset of growth and having confidence that over time that will yield rewards versus what I would call a mindset of desperation and lack of patience, where you're looking for it to just happen the day before yesterday. And I think you and I, the last time we had this discussion, it's no different than a human relationship.</p><p>[00:46:53] - Agnieszka</p><p>Right.</p><p>[00:46:53] - Gary</p><p>The same thing, if you're approaching it from a mindset of it has to happen right now with desperation, I would say that by default, it's not going to happen. You're going to prevent it from happening. And I think it's hard for people sometimes to accept that.</p><p>[00:47:11] - Agnieszka</p><p>And you know, the reason why that happens is and a lot of people don't see it because when you push something, you put so much force to it that you push it away from you.</p><p>[00:47:26] - Gary</p><p>Exactly. I totally agree with that. And it gets back to what we began the conversation with, where this sense that we are programmed from a young age to think that action equaled good.</p><p>[00:47:39] - Agnieszka</p><p>Right.</p><p>[00:47:40] - Gary</p><p>Taking action equals being proactive. You know what I mean? We're taught that sitting still is not a good thing. I think that, unfortunately, that affects people's trading, and it all affect their human relationships. Try too hard to make it happen as opposed to allowing it to happen. That can get you into trouble.</p><p>[00:48:06] - Agnieszka</p><p>Totally.</p><p>[00:48:07.] - Gary</p><p>But again, that comes from having faith in the process over time. In other words, not being desperate to see the result immediately. I mean, I've watched different type of podcasts on trading, psychology and human behavior, and I can't tell you how many times when I hear seasoned veterans talk, they talk about making progress over a period of years. It's very rare that I hear somebody talk about their history, either recent history or further back, where they just say, oh yeah, it all happened in three months. Within 90 days, I was a genius. Generally speaking, people define their progression and getting to a stage where they felt confident and confident in years. Not like one or two, like three, four, five all the time I hear this, but I think particularly in the world that we live in, we live in a one click world where information is transmitted in a nanosecond over social media and whatever. So our expectations of time and our expectations of processes have sped up enormously. We can't compute something taking two, three, four. We can't compute that we want to see it now.</p><p>[00:49:32] - Agnieszka</p><p>Right.</p><p>[00:49:33] - Gary</p><p>And I think that's more the case in 2023 than ever. And it's a function of technology, and we have to all learn to come to grips with that psychologically.</p><p>[00:49:44] - Agnieszka</p><p>It's interesting that you said it, because recently I spoke to one of the traders and we were talking about his readiness to go over to trading for a living. And the discussion went on not necessarily the technicalities of trading or how well you can trade, but it is more how ready mentally you are to make that step. How ready you are to actually acknowledge that you will have to take responsibility for every single action you do. You will have to take responsibility for exist in that moment of insecurity and also perform in that environment. Right. Not knowing if you are going to bring money this month, that's a huge step, mental step that you have to make because you might be for three months consistent and then get this idea, okay, now I can trade for a living. But then you step over and suddenly things are going completely different than they were before, just because mentally you cannot handle that pressure. And I think it definitely takes long time to make that switch. To become aware of it is one. But then to accept it and be willing to practice it, because it's a matter of building emotional immunity to stress, to risk, first of all.</p><p>[00:51:23] - Agnieszka</p><p>Right, and making sure that you are building that immunity in stages and not immediately take a huge risk and lose a lot of money and hurt yourself because now you are even further away from where you wanted to be. So yeah, it definitely takes time.</p><p>[00:51:39] - Gary</p><p>What a great phrase, emotional immunity. I love that desire for certainty. That's something I think people need to try to conquer. Like what you were just saying, accepting that, okay, you've had a couple of good weeks or good months, but that doesn't necessarily mean that the next month is going to be a successful month. I mean, take for example, summer month. Summer trading is very different from the rest of the year. There are some people who struggle with it and there are some people actually do quite well with it, right? So that's a perfect example where you could have a period where you do well and then because of that you think, oh, okay, I'm entitled to this. The plane is up in the air and there's never going to be any turbulence.</p><p>[00:52:28] - Agnieszka</p><p>That's a great comparison.</p><p>[00:52:32] - Gary</p><p>September, October comes around and the character of markets changes a bit and all of a sudden you're finding it harder to make money. And you thought that you had the ability to cope with the uncertainty down pat and then you realized that you didn't. So you're right. Accepting the permanence of uncertainty is different from you actually being able to implement that day after day, week after week. It's one thing to think it, it's another thing to actually do it right and not get crushed when it's going well and all of a sudden it stops going well.</p><p>[00:53:16] - Agnieszka</p><p>Yeah. And I think the one measure of it is how easily are you of your piece when you lose, right. If you are still in a stage where you feel bad about yourself when you are losing, then you are really far away going full time trading, because then you're definitely not immune to losses. Right. You are not immune to your result. And if you have that, it's going to be constant up and down and you will just wear yourself out emotionally. So there are different stages where you can notice, okay, I'm actually not being influenced whether I had a green or red day and I can just go and have my dinner and still enjoy the rest of my day. I can go a step further. Right. But if you want to go from A to immediately to Z and to make that switch and say, yeah, you know what, I've been trading now for two years, I think I'm ready, without making that journey, because it is a journey. And some people maybe make it faster, maybe they are emotionally, I don't know, more prepared for depending on what they live through in their life and how they release their emotions.</p><p>[00:54:38] - Agnieszka</p><p>I know that some people, they are much easier accepting what's happening and letting it go easier. I like to compare it to growing a plant. There is only so much you can do. You can give it water, you can give it good dirt, you can fertilize it, give it sunlight, but then you have to wait.</p><p>[00:54:59] - Gary</p><p>Exactly.</p><p>[00:55:00] - Agnieszka</p><p>It will not make any sense if you stand on top of it and scream to it to grow faster.</p><p>[00:55:05] - Gary</p><p>Exactly.</p><p>[00:55:06] - Agnieszka</p><p>It's not going to happen. So that's the same with trading. You can do all the things in your favor, but then the process has to take over and you have to give.</p><p>[00:55:18] - Gary</p><p>Yeah, there needs to be a passage of time. And this has come up in some podcasts that I've seen over the years where people think that they can condense. That like in reading a book where everything makes sense, the concepts make sense, and you've read the book and say, you know what, I'm going to implement this and really make sense. The implementation takes time. And the implementation doesn't happen just in the week or two weeks that it takes to read the book. It's about everything that happens afterwards.</p><p>[00:55:58] - Agnieszka</p><p>Right.</p><p>[00:55:59] - Gary</p><p>And as you said, there's no set formula. Some people need more time than others. But no matter how naturally it comes for everybody, even people who have a natural skill in trading, I think that it's a process. And it isn't a process that's completed just by reading a good book.</p><p>[00:56:18] - Agnieszka</p><p>No, totally.</p><p>[00:56:19] - Gary</p><p>That's like just 1% of the process.</p><p>[00:56:22] - Agnieszka</p><p>Right.</p><p>[00:56:23] - Gary</p><p>I mean, that's just kind of like the trail map that maybe points you in the direction of where you're going. That's just the beginning. I think people's expectation sometimes is that, okay, if I watch some webinars, read some books, that's it, I'm done, it's going to happen. But until you actually trade yourself and work on applying all this, it's in the application of the concepts, I think, to your own situation, your own set of circumstances. That's where the progress is made. Not just in reading about discipline, reading about controlling your emotions.</p><p>[00:57:04] - Agnieszka</p><p>Right.</p><p>[00:57:05] - Gary</p><p>You have to do it in real time and experience the ups and downs from that and try to learn from the downs in particular.</p><p>[00:57:15] - Agnieszka</p><p>Yeah, because it will always come back to you as a person who you are and how easily can you act in your best interest.</p><p>[00:57:26] - Gary</p><p>I've heard one trader in the market describe trades as sort of like capsules of information that he's being given after there's a winner or a loser, that there's something to be learned from. In every situation. Did I follow my process? If it didn't work, why didn't it work? Things like that. So there's something yeah. Obviously, none of us wants to have a lot of consecutive losing trades. But when you have losing trades, there is information begotten from that that can potentially help you avoid that in the future, whether it means that you have to change your strategy or maybe take a look at your process and look at it as something that can be learned from, rather than just saying, I lost money on this trade, therefore I'm a loser.</p><p>[00:58:25] - Agnieszka</p><p>Right. And the interesting reaction to that is when that happens, instead of looking at that particular mistake or at that particular period going through the process, going through what you were thinking and how did you act to the impulses from the market? Many traders skip that part and they go to YouTube and start watching just kind of some random webinar about how to trade. Right. Or some other strategy. I'm like, but wait a minute. The real lesson is there. You already paid for it because you took a losing trade, so you paid money for it, and now you go and start watching some random thing. That's not what you're going to learn about what just happened. You might learn something different, but not what you just pay for.</p><p>[00:59:13] - Gary</p><p>Yeah, that's where getting back to what you mentioned before, that's kind of where back testing comes in and observing what happens and almost observing, okay, why didn't I not see? Why did I not foresee what happened in the market? Or why was I unable to recognize it in a more timely fashion and actually learning from it?</p><p>[00:59:43] - Agnieszka</p><p>Right. Things are happening for us and not to us. That's how I like to look at things, whether it's in life or in trading everything what happens. It's a feedback. It's a feedback. It's some information that we are receiving. And if we don't use that, we will get another lesson. That's just my very personal belief that if I don't get a message, if I don't learn from the experience, I will probably get an experience that the universe will give me and say, okay, I assume you haven't noticed the lesson I just gave you. Let me make it more clear. And the experience would be just much.</p><p>[01:00:27] - Gary</p><p>Stronger spot on I so agree with that. If you're not willing to at least acknowledge the feedback that the market's giving you, then you're setting yourself up for a problem. You have to listen to the message. Not to say that you necessarily have to change everything all the time and just on the basis of one or two bad trades, but if you're being given a message, I agree with you, it's important to heed that and not discard that and not just say that, oh, the market's wrong. They just don't see it the way I'm seeing it. Yeah. I think that's so important to when you're given a message, acknowledge it, not need to repeat the same mistakes over and over. Getting back to what you just said about watching YouTube videos, this sort of thing, I think it's really important for people to make knowledge their own. In other words, rather than just watch something and say that, I'm going to duplicate what this person's doing is to find a way of making it your own. And that might mean only implementing parts of what you've heard rather than the whole thing.</p><p>[01:01:44] - Agnieszka</p><p>Right.</p><p>[01:01:45] - Gary</p><p>In the end, it has to work for you. In other words, nobody can create a master plan of trading for you. You ultimately have to do that. You can get some knowledge, you can perhaps get some guidance, but in the end, you ultimately have to make it your own. And I think sometimes there's a tendency for people to think that, well, if I just follow rigidly to a T what this so successful person is doing that I'm going to succeed, and I don't agree with that. I think you have to, in the end, come up with your own sauce if you like your own recipe.</p><p>[01:02:22] - Agnieszka</p><p>Right.</p><p>[01:02:22] - Gary</p><p>You can take guidance from people, whether it's people dealing with trading, psychology, human behavior, technical analysis, but you ultimately have to make your own dinner.</p><p>[01:02:33] - Agnieszka</p><p>Yeah. Because that's where the confidence will come from. You have to understand it on a deeper level. You have to understand what you're doing and why you're doing it. And that is also the part that requires time, because when you just start trading and someone will tell you, yeah, you have to make it your own, you don't even know where to start. Right. It kind of all starts clicking and making sense and becoming yours while you're doing it. Because now you start understanding, oh, this style doesn't suit me. This I don't really understand. Yeah, I put all these lines on my charts now I don't see the candles. You have to kind of give it time and give effort to understand what's yours, who you are as a trader, because you are forming yourself as a sort of a new person right. In life, just like every actor has its own character, you're becoming a trader with your own character and your own strengths and the way that you will be expressing yourself in the market.</p><p>[01:03:39] - Gary</p><p>Absolutely.</p><p>[01:03:40] - Agnieszka</p><p>I think that this was such a great discussion. Is there anything that you would like to add?</p><p>[01:03:48] - Gary</p><p>Give you one final thought that relates to what we started with this whole idea that actually that doing nothing is okay. We all are familiar with the word FOMO, but I think there's a particular type of FOMO that really gets people and can lead to them having difficulty just doing nothing. And that's the fear of not being involved when a market absolutely takes off and rockets right nvidia did not that long ago, especially when it's something that might not be logical, that might not be a lot of sense. And I think being able to deal with those feelings is important, because if you don't deal well with those feelings, I think it can be very costly if you act on the fear of, like, oh, God, I'm going to feel like such an idiot if this market goes to the moon and I haven't managed to catch that move. I don't think it's necessarily so much people fearing an intraday move. Of course we don't like missing an opportunity to make money intraday. But I think where people are particularly sensitive, seeing a market just move big over a number of days or weeks and then feeling like an idiot for not having caught that and then maybe doing something afterwards that they shouldn't be doing to make up for it when they would have been better off doing nothing.</p><p>[01:05:33] - Gary</p><p>In other words, accepting that you can miss big moves, it's not a crime.</p><p>[01:05:40] - Agnieszka</p><p>It doesn't mean there will be more.</p><p>[01:05:43] - Gary</p><p>But if in response to missing a major move, you break down emotionally as opposed to doing nothing when you should be doing nothing, you're then going to set yourself further behind. So, yeah, my closing message would be don't let extreme FOMO sabotage your emotions and bear in mind that there are situations, many situations, where doing nothing is actually the rational choice.</p><p>[01:06:13] - Agnieszka</p><p>Right.</p><p>[01:06:13] - Gary</p><p>And the right choice. The right trade.</p><p>[01:06:16] - Agnieszka</p><p>The right trade. That's very well. Very well said. Well, that brings us to the end of this episode and thank you so much, Gary, for joining us and for this conversation. I think it was very inspiring and I love talking with you and exchange the ideas, especially with your experience as a professional trader and now trading for yourself for so many years. I think it is just so valuable to hear your thoughts because a lot of times we look at traders that have been trading for many years and we think they don't struggle with anything, that it is also easy cake for them. And I think this is so good to hear from you that it is basically for everyone challenging and it takes time and you just have to give it time, give yourself fair chance to succeed.</p><p>[01:07:10] - Gary</p><p>Thank you so much for having me. Pleasure talking about all these things you came up. With a lot of really good ideas and you kind of spurred me on to think of some other things. So very wonderful hour or however long it was.</p><p>[01:07:29] - Agnieszka</p><p>Nice. Very nice. Well, I hope that this will help traders who are listening to gain some perspective and also have some compassion for themselves because it is really so important that we are taking care of ourselves, give ourselves love and compassion. Even though trading might be the harsh job of trading money and very hard market environment. But it is all really about yourself and how you treat yourself, how you take care of yourself so that you actually can come back every day and perform on the highest level possible. So thank you so much for listening to the podcast and if you enjoy my show, please rate it and review it on Apple podcasts and be sure sure to subscribe so you can come back for a real life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 25 Aug 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode Gary Portugal and Agnieszka have a discussion sparked by a tweet of a very seasoned investor and portfolio manager Jason Shapiro, who recently posted that not trading is actually a trade in itself. This thought brought the inspiration to talk about how to do nothing in trading. Many traders have difficulty staying away from the market and cannot resist the constant flow of opportunities. It is not easy to stay away from action, because we're programmed to think that we must act. Especially if we want to achieve our goals. </p><p>With decades of experience in trading and working for large financial institutions, we hear Gary share the valuable lessons he learned and his philosophy on doing nothing. One of the things he points out as a reason for the need to act is equating trading and having risk on, in the markets, with working hard. Almost as if not trading means cheating. It is key for every trader, especially if you trade for a living that you don't have to trade every day.</p><p> </p><p><strong>About Gary Portugal</strong></p><p>Gary Portugal began his FX journey in New York in the 1980s as a spot G10 Market Maker, before specializing in European Monetary System currencies in the 90s. After the creation of the Euro in 1999, he transitioned to trading emerging market currencies and to developing a spot FX e-commerce business at a major financial institution in London. He then spent a decade at a proprietary trading group as a market-maker in emerging market currencies to various electronic currency networks. He now trades and invests independently across all asset classes.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Gary Portugal:</strong></p><ul><li><a href="https://www.linkedin.com/in/gary-portugal-247ba4b/">LinkedIn: Gary Portugal</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>[00:00:00] - Agnieszka</p><p>I'm Agnieszka Wood and on today's show I am very excited to introduce my very special guest, Gary Portugal. And maybe you remember Gary already from previous episode. He was here a few weeks ago and we were talking about trading for a Living, which by the way, became so far our most popular episode. So if you haven't heard it yet, I highly recommend it. It's the Episode 3 Trading for a Living. Gary has been a professional trader for 35 years and he's still trading now, just not as a professional, but sort of because he's trading for a living. So not for anyone else, but for himself. And Gary is joining us today to talk about the topic that is really hot for every single trader. And it was very spontaneously sparked that conversation that I thought this will be so valuable for everyone. So let's start. And Gary, welcome to episode number twelve: How do you do nothing? Hi Gary, welcome to my podcast.</p><p>[00:01:15] - Gary</p><p>Hi Agnieszka, thank you so much for having me again. Pleasure to be with you. I guess I'll start by just saying what, as you mentioned, what would have sparked us to have a discussion today, which was a tweet by an investor, very seasoned investor, and portfolio manager by the name of Jason Shapiro, who he has a website that focuses on basically trying to find when markets become too crowded. So he basically measures extremes in market sentiment. Anyway, he recently posted a tweet in which he stated that, quote, unquote, not trading is actually a trade in itself. And when I saw that, it really resonated with me. And it also made me think of contacting you again because I thought it would make for a good topic of conversation. And the bit that he added to the tweet was he said it's better to miss a trade than to take a trade that you're not supposed to take and end up losing money on it. And again, that really resonated with me. I've thought that many times and in my own head, I mean probably hundreds, if not thousands of times over all the years I've been in the market.</p><p>[00:02:51] - Gary</p><p>And to see somebody actually put those words out in public on a tweet, it really woke me up.</p><p>[00:02:59] - Agnieszka</p><p>Basically, it's such a powerful thing to realize, right, that whether it's in trading or in life, really, that we don't always have to do something. I think this has a lot to do with having control, that we want to control things and that gives us this urge and need to act. And this is how we grow up, most of us anyway, that if you want to achieve something, you have to put a lot of efforts, you have to do a lot of doing in order to get somewhere, right, to become someone in trading that is bringing you in trouble.</p><p>[00:03:39] - Gary</p><p>Many times this feeling of the need to act as opposed to doing nothing, whereas sometimes like silence. Sometimes not acting actually is an action, but it goes against what we're taught. We're programmed to think that we must act, we must talk.</p><p>[00:03:57] - Agnieszka</p><p>Right?</p><p>[00:03:58] - Gary</p><p>We must not be silent. We must not fail to act.</p><p>[00:04:01] - Agnieszka</p><p>Right. Because how do you do nothing? How do you not act right? I always get that question from my students because in my program, I have this whole module about letting the control go and letting things happen. So basically letting it go. And then how do you let go of that control? Especially over things that you cannot control, like the market? So the question that I get is, but how do you do that? How do you do nothing? You don't. That's the whole point. You don't do anything. So you don't do doing. You just don't do it. Does that make sense? It's like, how do you do nothing? Like even your private life, you just sit there, you relax, and you let things happen for you. Right? You are more in that observer role, right? Yeah.</p><p>[00:05:02] - Gary</p><p>That's a really good way of phrasing it. I think there are times when it's perfectly okay to just watch as opposed to do. I think the time to do is when you have a very high level of confidence in something, whether it's trading or any other aspect of your life, when you have a high level of conviction. And if you don't, at a given moment in time have that high level of conviction, why pretend that you do? In other words, why trade on a daily basis when nobody's putting a gun to your head and forcing you to do that? And I think that we feel the need to, as you would say, act every day or trade every day. And I think that's one of the first things that anybody trying to trade either for a living or professionally whatever, has to address this concept and come to grips with.</p><p>[00:06:02] - Agnieszka</p><p>Right.</p><p>[00:06:02] - Gary</p><p>And try to accept that, no, you don't have to trade every day. That is not a rule. You're not going to get put in prison if you don't trade well, you.</p><p>[00:06:15] - Agnieszka</p><p>Put yourself in prison sort of because you put that pressure on yourself. And what if then there is no trade?</p><p>[00:06:23] - Gary</p><p>I think there are so many reasons that contribute to people feeling that need to trade every day. Almost as if maybe people feel that if they're not trading, they're cheating.</p><p>[00:06:37] - Agnieszka</p><p>Right?</p><p>[00:06:38] - Gary</p><p>Or that if they're not trading, that they're not working hard enough. So people equate having risk on in the markets whether they're confident in that risk or not working hard. And that's not the case. You might be motivated, you might be doing as much research, as much preparation as you possibly can, but there's nothing in the market that strikes you as worth doing. There's no point in putting on risk, right? And by choosing to not risk, you're not cheating, you're not you're not failing to try. You're recognizing that there isn't a trade that makes sense, really makes sense for you to do. But I do think that we all get caught into this trap of thinking that you have to be trading every day, otherwise you're failing.</p><p>[00:07:29] - Agnieszka</p><p>And that's a big problem. That projecting that fact, whether you are working hard enough on who you are and your own self worth, because that is that connection that people a lot of times make. Like, if I'm there and I trade and I didn't make money, at least I feel like I've done everything I could. But that's false premise, because you have done basically everything that you have learned. That does not apply to trading just beater and putting hours in. Right. But it is not hours in necessarily placing trades. It could be hours of just watching the charts.</p><p>[00:08:16] - Gary</p><p>Exactly.</p><p>[00:08:17] - Agnieszka</p><p>The problem is that if you're sitting in front of the charts, the next thing you know is you start clicking the buttons. Yeah.</p><p>[00:08:25] - Gary</p><p>There's a tremendous temptation to try to immediately translate a thought or an idea that the chart gives you to immediate action.</p><p>[00:08:37] - Agnieszka</p><p>Right.</p><p>[00:08:37] - Gary</p><p>And as opposed to being more selective, because we probably all get loads of ideas over the course of a year. And looking at if you look at charts on a daily basis, I do, I do a run through of the charts every single day, without fail, sometimes twice. And you're always going to get hunches from that or ideas from that. But only some of those ideas, or maybe even a small percentage of them, are what I would call really actionable. Doesn't mean that you can't learn from them. You know what I mean? In other words, because the chart gives you an idea, it doesn't mean you necessarily have to do it immediately. It might mean that I see a process going on here. I see that silver may be bottoming. That doesn't mean that on Wednesday, July 5, you necessarily have to buy it. If you did buy it this morning, you'd be up some good money right now. But if you're looking at it thinking, god, this looks like in three months this is going to be could be a lot higher. Still doesn't mean you necessarily have to do the trade today. But it's on your radar now.</p><p>[00:09:44] - Agnieszka</p><p>Right?</p><p>[00:09:45] - Gary</p><p>Because it's on your radar, it doesn't mean you have to do it right away.</p><p>[00:09:48] - Agnieszka</p><p>Right.</p><p>[00:09:49] - Gary</p><p>I don't look at silver normally, it's not something I look at every day. So I don't just want to jump into it just because I happen to see something on the chart. I'd like to maybe play with it a bit, think about it a bit. That means that I might miss a little bit of the move, but I'd rather get into it when I feel like I'm ready to get into it as opposed to just, oh God, got to have this on now because I saw it on the chart and it looks great.</p><p>[00:10:13] - Agnieszka</p><p>It's just so interesting that in other areas of our life like imagine that you have some ideas about maybe buying something or maybe going somewhere, traveling somewhere or doing something, I don't know, building your own coffee table or something. Right. Do you also jump into all those ideas right away? Just start buying all the things that you are dreaming about and going all the places, booking your tickets you also don't do that. Right, that's a great point. Nobody's doing that.</p><p>[00:10:50] - Gary</p><p>Exactly. Can you imagine if you acted on every impulse that you had in your personal life, whatever about things you want to do to the house, with travel, with learning something new. I mean you'd drive yourself nuts.</p><p>[00:11:02] - Agnieszka</p><p>Totally.</p><p>[00:11:03] - Gary</p><p>You'd be doing 30 different things at once and you wouldn't achieve any of them.</p><p>[00:11:07] - Agnieszka</p><p>Exactly, yeah. Being selective, I think in life in general it's a pretty big virtue but it also gives you a certain peace and that is what gives you control. Right? Being selective, being in that position where you are actually making a choices. What is the best course of action for me at this particular moment? Not just because everything is moving and I'm going to jump into 100 positions because just everything is moving but thinking, okay, what makes me feel good to go into? I used jump on purpose because I always say if your head is telling you jump into something, you probably shouldn't do it because jumping by principle means very impulsive action. Right? Yes. Emotional. Yes, exactly.</p><p>[00:12:02] - Gary</p><p>Letting the emotion take over the process which I don't think is great and.</p><p>[00:12:09] - Agnieszka</p><p>It might be great if you can be spontaneous in your life but in trading in general yes. Not a very good idea.</p><p>[00:12:18] - Gary</p><p>I agree with that. See that's another I totally agree. That's another example of sometimes how trading can contradict the rest of your life. I agree with you. Spontaneity, generally speaking, is a good thing in life overall. But yeah, in trading it can be a real problem. Interesting to think about what makes selectivity hard for people? Why is it that people find it difficult to implement being selective? And I wonder if part of that might be that being selective means being able to accept that you could still get it wrong. Like if you're selective, that's not a guarantee that you're going to win, it might increase your chances of winning and then maybe people feel like, god, if I'm very selective and I don't get it right on those selective moments when I do take on risk, then God, I must really be a failure. But I would argue that that's not the case because if you're being selective and you get it wrong, you're probably going to have another chance. You'll have another chance to take risk.</p><p>[00:13:25] - Agnieszka</p><p>Right.</p><p>[00:13:26] - Gary</p><p>Whereas if you just take risk indiscriminately for 20 days in a row without being selective, you might run out of money, you might not live to fight another day, whereas with a selectivity you will live to fight another day. Yes, you might miss some trades that would have been winners by being selective, but I would argue that at least you live to fight another day if you choose to put a trade on and it doesn't work.</p><p>[00:13:55] - Agnieszka</p><p>One of the reasons why I think it is so difficult for people to be selective is because they don't have a very well specified object of their attention. Like what do they want? If I exactly know what I'm looking for, if I exactly know what it is that I want, I can be much more selective because I know the reason why am I selective? Right. If I don't know exactly what I'm looking for, how am I even going to do that selection? How am I going to say no to things that are not within the scope that brings me closer to what I want? And then the second part of it, I think, is patience.</p><p>[00:14:40] - Gary</p><p>Yes.</p><p>[00:14:40] - Agnieszka</p><p>And that has to do with how do you specify what is your expectations to get what you want and how soon, right?</p><p>[00:14:51] - Gary</p><p>I think that's huge. Being able to both on a sort of a micro level and a macro level, both in terms of, say, a particular trade, like not demanding that you get your reward within 1 hour. I mean, it might be something that you have to sit with for a number of days, possibly even weeks, maybe even longer, to get the real, real reward of that trade. And then the more macro thing is in terms of judging how it's going and assessing that you need a number of trades that you can't expect that after three trades, even if you had won on two out of the three trades, let's say, you can't expect to have that make a life changing difference. It's going to take this is a process, I think. I mean, people might not want to hear this that acts out in years, not in days or weeks or even months, right? And you have to be prepared to look at it that way. That you're on a journey that over a period of years that if you work at it, if you stick to the process, if you learn to try to do less of the things that don't work and more of the things that do work, I think over a period of years, you are going to get the reward from that.</p><p>[00:16:13] - Gary</p><p>But you said, do people have the patience to wait for that? Do people have the patience to even wait for an individual trade to give them the reward that they might be able to get from it? Or are they just happy to say, oh God, that's an okay profit, I'll take it off. Meanwhile, maybe they could have made double the amount if they kept part of the position on but it's the lack of patience it's the wanting to solidify it right now, like the desire for the certainty. And maybe it's the desire for self praise to be able to say, yes, I made some money, I'm going to pat myself on the back.</p><p>[00:16:50] - Agnieszka</p><p>Yeah. Because of that self worth. Right. It says something about you, what you were able to achieve, and you want to do it sooner than later, especially if there was a long period of time where that wasn't the case when you were failing. So now you have this urge like, okay, I finally want to feel good.</p><p>[00:17:10] - Gary</p><p>Like the need for self validation, if you like, through a positive trading result.</p><p>[00:17:16] - Agnieszka</p><p>Yeah. And self validation through trading is kind of lost battle because you see the difference between how we get self validation from other from a job, for example, is not through money. We know we will get money if we do a good job. Right. And there's so many researchers done that actually money is not a good motivator. That pat on the shoulder from your boss is much more powerful than getting a raise because the money eventually will fade. The value of the money in trading, it is so difficult for people to disconnect it. They really see themselves valued depending on how much money they make.</p><p>[00:18:02] - Gary</p><p>I agree.</p><p>[00:18:03] - Agnieszka</p><p>And I see it many times that when you have big profits, you feel invincible. You'll feel like a king of a castle. Right. And it's like, oh my God, I made it. And then there is a one week where it's not going well. Then your whole world collapses. And that's such a if you cannot let that go, if you cannot let go of that connection, it's going to be very difficult to work like this the whole life. Do you want to feel like this right when you trade for living?</p><p>[00:18:48] - Gary</p><p>Yeah. If you require that dopamine hit every day. That is a problem. Because you could have a whole week, even if, let's say, you had a very good period where you had, let's say, two weeks where you did very well, and then you had a third week where you just really didn't have any ideas and you did very little. I think for some people, the risk is that they view the third week where they do very little as a failure.</p><p>[00:19:18] - Agnieszka</p><p>Right.</p><p>[00:19:19] - Gary</p><p>Because it's not that they lost money, but they feel a sense of failure because they didn't make money.</p><p>[00:19:25] - Agnieszka</p><p>Right.</p><p>[00:19:26] - Gary</p><p>And I think there's a big difference between not making and between actually losing. Once you lose money, you've got to recover that just to get back to break even. And I think sometimes people underestimate that that's easier said than done. It's very easy to say, oh, it's only a little bit, or it doesn't really matter. But if it if it starts to add up, you get to a point where you have a lot of work to do just to get back to flat. And that's why I think it's perfectly fine, whether it's following two bad weeks or two good weeks, to have a week where you just don't do much. If you don't really have something that warrants putting on risk for, you can't put on risk just to meet the daily expenses of trading or living expenses. I think that's something else, maybe that people have to bear in mind. I know that people will feel pressured. They'll think, okay, I've got utilities, I've got subscriptions to pay for, I've got charting systems, I've got brokerage, all this stuff. And if I don't make, then I'm not coming up the money to meet those expenses.</p><p>[00:20:44] - Gary</p><p>But if you think of it in those terms, I think you're putting additional pressure on yourself could lead to a bad outcome.</p><p>[00:20:53] - Agnieszka</p><p>Definitely. Because pressure in general, I mean, there is enough pressure in trading. Right. And putting pressure, financial pressure on yourself, it takes your focus away from the process.</p><p>[00:21:06] - Gary</p><p>Absolutely right.</p><p>[00:21:07] - Agnieszka</p><p>You cannot perform well when you are thinking about just the end result and whether you will make money or not. And it's just so interesting because that whole money part in trading, I think that's like the most tricky part. People forget that the focus can be not on trading for money, but just trading with money. There's such a big difference. Yes, we are trading with money that is the product of that business, but that doesn't mean that you need to focus on trading for money.</p><p>[00:21:41] - Gary</p><p>Yes.</p><p>[00:21:42] - Agnieszka</p><p>It just gets kind of meshed up together and people cannot take that separately because you see, in other businesses, a lot of times we do make decisions, okay, I'm going to work for this company because my values agree with that and the way I feel better about myself working for a company that protects the environment. Right. It says something about my value. So now when you are working in the market and you're working with money, that connection to that personal value is also made. That is what makes you value yourself based on the money you make. Because there is simply nothing more. You cannot say, oh, my trading company saved the world or saved the dolphins. Right. Now I feel better. No, you automatically connected to how much money I make. And can I feel better now because I did the good thing with my company? And you're absolutely right. That's the part that people forget and they need to remind themselves continuously, because if you keep thinking like that, it's going to be really hard to come back and actually focus on the process.</p><p>[00:23:03] - Gary</p><p>Yeah. I think there always has to be such a clear distinction between process versus the result, and that if you're following your process and it's a reasonable process, it's okay if you have a negative result, it's not a bad trade if you followed your process. Yes, it's a bad trade if you don't manage your risk properly. If you didn't execute your stop loss when the market reached that level, or if you knew you were putting the position on at a time when it probably was a bit too risky to do. So, like, you know, you're not going to want to have a position on into the FOMC meeting, so should you really be putting a trade on the night before the FOMC meeting? Because you know, the market's probably not going to move that much anyway. Even if you're right, things like this, are you following your process, number one? And number two, is the process good enough now? There's two different questions. I mean, I think following the process is absolutely fundamental. You have to do that. And then the other aspect is just evaluating the process over time. I mean, if something hasn't worked 27 out of 30 times, then fair enough.</p><p>[00:24:37] - Gary</p><p>Then at that point I think you can say, all right, this isn't working. I either have to do less of it or stop doing it completely and analyze why. But if you're making money five out of ten times doing something, the other five out of ten times you're losing, that's not necessarily a bad thing. If you're following your process and the times when it's not working, you're quick to minimize the loss.</p><p>[00:25:05] - Agnieszka</p><p>That's fine.</p><p>[00:25:06] - Gary</p><p>But I think so often there's a temptation to look solely at the result and kind of undervalue the process. I mean, if you have put a trade on and managed the trade properly from start to finish, even if you haven't made money, it's not necessarily a bad trade because you lost money on that trade, right? If you put a trade on that was in clear violation of your process because you reacted to something emotionally and you happen to make money on that, that actually might be a bad trade even though the result is positive.</p><p>[00:25:44] - Agnieszka</p><p>And then you can start measuring, like, how many of the real bet trades are you making and how many times you made a good trade and it doesn't work because then you can start actually looking at yourself as a trader from a very different perspective. Right. I was really curious about what is your take on back testing, because I know that in general, it is being said that you need to have at least a sample of at least 250 trades. If you back test, what's your take on it?</p><p>[00:26:17] - Gary</p><p>It's funny that you mentioned it's almost like you read my mind, seriously, because I think it's good to give something a certain period of time. And maybe you could say maybe in test mode, if you like. You can either do that by just doing it on paper and not putting real money into it, or another way to do it is just take very small positions and try a method out. The problem with giving with real money, it's difficult to give something 250 times because if you get it wrong, 200 times you might run out of money, right? So I think at some point you have to place a limit on it. But I think it is really useful to, in your own way, come up with a method of back testing. Some people will do it in a very sort of traditional way with algorithms or software or whatever. Other people might choose to do it an old school way, just keeping a journal. I feel like I'm constantly doing that. I'm always doing that because market conditions change and things that work well in volatile environments might not work well in quieter environments and vice versa.</p><p>[00:27:40] - Gary</p><p>So to me, it's almost like as you're going through your trading, especially if something isn't working that well, I think it is good to sort of back test it at that point. Maybe stop doing it with real money. Do it on paper. If you want to continue doing it, do it in much smaller size. Keep track of it and be honest with yourself and say, okay, out of the last ten times, how many times has this worked? And if it's not working, try to identify why. Is there a reason why something that you think should work isn't working? What am I missing? What piece of the puzzle am I not taking into account? Is it simply that this strategy isn't appropriate to current market conditions? Or is it something else? Is there something that I'm completely overlooking that might prevent me from taking these sort of trades? I also think there's nothing wrong with using a back testing process to decide and say, you know what, I can't figure out why this isn't working. But the bottom line is it's not working, right? Whether I can figure out why or not almost isn't that important.</p><p>[00:28:54] - Gary</p><p>Fact is, it's not working for me and it's okay to stop doing it.</p><p>[00:29:00] - Agnieszka</p><p>And we are back to doing nothing. Because that's exactly the moment when you should stop and actually take a step back and start looking into how am I going to fix this problem? Right? Instead of doing more. Because that's the very first reaction. Something is not working. I'm just going to put more work into it until it's working. And that's where people start losing their accounts.</p><p>[00:29:27] - Gary</p><p>How about this? I mean, look at it this way. Almost like fear of doing nothing. In other words, if you stop doing what's not working, all right, then that's going to mean you're going to go through a period where you may have to do nothing until you find something that you feel will work. And I think people have discomfort with the uncertainty of that. In other words, what does that mean? Does that mean I can't trade for a week?</p><p>[00:29:53] - Agnieszka</p><p>Exactly.</p><p>[00:29:53] - Gary</p><p>Does that mean I have to stop trading for a month? I can't do that. I can't stop trading for a month. It's not only the bills that I have to pay. It's the psychology. Yes. It's almost like saying you can't have ice cream for a month, right? People don't want to hear that. And it's the fear of the unknown, the lack of certainty.</p><p>[00:30:13] - Agnieszka</p><p>I love what you said, fear of doing nothing. I think this is like a viable fear because it's like, you mean, I'm not going to trade, so I'm not going to make money. And then I say, yeah, but you're also not going to lose money.</p><p>[00:30:27] - Gary</p><p>And what does that do to your feeling of self worth if for a period of time you're doing nothing, are you then devaluing your self worth during that period when you're doing nothing? I mean, I think it's a mistake and sad if people do that, but I think that's what's happening totally.</p><p>[00:30:45] - Agnieszka</p><p>I think the need to be useful is so deeply ingrained in us. Like, I need to be useful.</p><p>[00:30:53] - Gary</p><p>Yes.</p><p>[00:30:53] - Agnieszka</p><p>And people forget that just by living, you are already useful because you are contributing to the society. Just by being there. You are useful, you have a role. And especially like if you have a family, there is always a role that you are fulfilling and for yourself too, because if you are doing nothing, you giving yourself rest. And that's very useful. Useful to your mental state, useful to your body taking rest. Right? So you actually letting a lot of processes that normally when you are going like crazy, trying to do a lot of things, trying to work, like machine and stressing yourself out about losing money, about have to have a trade now you're giving yourself that moment where your nervous system can actually finally recharge and recoup.</p><p>[00:31:52] - Gary</p><p>I think having the opportunity in periods where there's less obvious trades to do or where you don't have, where something isn't immediately hitting you that you should do in the market. I think people sometimes underestimate how valuable that could be in terms of just like making sure that you're taking advantage of that to exercise, to look at other aspects of your life that you may be neglecting slightly. That is an advantage of having that period where there are no great trades to try to do, right? Look at your diet, look at your exercise, your sleep, whereas when you're just wrapped up, I think in robotically trading, whether it's working or not, I think there's a tendency to neglect these other areas of your life yeah.</p><p>[00:32:46] - Agnieszka</p><p>Which are, by the way, having that opportunity to do that and having that freedom is the reason why people step into trading in the first place. So just start living it already, right? Don't wait until you make it because those parts, like the moments that you are taking off from trading when there is no opportunity actually helps you to achieve your goal much more than sitting there and over trading right, and accepting it. That this is part of this job will give you also more freedom, mental freedom and more. Feeling that you are actually making it. Right. I know there's this whole term to make it because it's not really like one point in time. If you want to trade for a living, start living a trader's life. And that involves not trading all the time.</p><p>[00:33:45] - Gary</p><p>Exactly. I think there's a big element of thought, just pains me of ego in this. In other words, being able to actually say I don't know which way the market's going to go today.</p><p>[00:33:57] - Agnieszka</p><p>Right.</p><p>[00:33:58] - Gary</p><p>I can make a good case for it to go either direction. Honestly don't know. But I think ego prevents a lot of traders from saying that to themselves because the thought process is that oh, I'm supposed to always know where the market is going to go every day. Well, maybe if you're working in a bank as a market maker, that's what sort of drilled into you. But if you are a professional trader or somebody trying to trade for a living or whatever, and you're not working for large financial institution, it's impossible to pretend to know where the market is going to go every day. But the ego, I think, makes us feel like oh, if I don't know where it's going, then I must be stupid, right? I must be thick if I can't predict where it's going.</p><p>[00:34:44] - Agnieszka</p><p>Yeah, I'm supposed to know.</p><p>[00:34:46] - Gary</p><p>Exactly. Bingo. That's a great way to put it. I'm supposed to know and if I don't know, I'm a loser. Yeah, how silly is that?</p><p>[00:34:55] - Agnieszka</p><p>I know.</p><p>[00:34:55] - Gary</p><p>I think it's so important to be able to admit and say, you know what, I can't call it here, I really can't call it. But I think people have a hard time being able to look themselves in a mirror and admit that to themselves. Nothing wrong with it, to not know where it's going to go.</p><p>[00:35:12] - Agnieszka</p><p>It's part of letting that control go.</p><p>[00:35:14] - Gary</p><p>Exactly.</p><p>[00:35:14] - Agnieszka</p><p>Accepting that you don't control the market and all you can do is just follow it, defining the direction. It's nothing set in stone because it might go your way, the way you think it's going to go for a while and then it might going to turn around. So are you now right or are you wrong?</p><p>[00:35:33] - Gary</p><p>Exactly. If you were right for 3 hours and then it starts to reverse, are you then wrong if you've still held the position right as opposed to if you were right for just 14 hours straight? Exactly right.</p><p>[00:35:51] - Agnieszka</p><p>Yeah.</p><p>[00:35:52] - Gary</p><p>It is a moment in time.</p><p>[00:35:54] - Agnieszka</p><p>Funny thing is that or maybe actually it's not really funny, it's pretty sad that the ego will always pick up the side of trying to criticize you. So even if you were right for 3 hours, it will know to turn around the story to tell you that you were not good enough and you haven't done the proper job to identify the direction of the market.</p><p>[00:36:17] - Gary</p><p>And that's negative feedback, it's negative self talk and this type of thing I think is to be avoided like the plague. It's really counterproductive. But I think, as you say, I think it's unfortunately, it's kind of like human nature in a way. But it's something that we have to try to fight to try to counter because it's going to hold a traitor back having that sort of tendency to always be self critical, right.</p><p>[00:36:51] - Agnieszka</p><p>One of the reasons why people like to be always busy is because the moment that you are not that you are doing nothing and you actually sit there and observe, that's where all the thoughts are suddenly visible and all the thoughts are coming into your head. When you are busy, it's much easier to push them away, right. Because you're just doing something, right? So you're not that focused on your head. And that's most of the time where people start doing and doing and doing and doing thinking. This is actually helping me. The thing is with the thoughts is we cannot release them if we don't let them. Like if we don't acknowledge that they are there, we are just pushing them away. That's resisting and they're still there, it's just that we don't want to see them. I like to compare thoughts to the clouds and they're just passing by through your head, right. Your brain is that tool we have that kind of reads the thoughts. So if this thought is coming up, it doesn't mean you have to do something with it, you have to hang on to it. You can just look it as a cloud, it's passing by and it's up to you what you do with that.</p><p>[00:38:12] - Agnieszka</p><p>But if you are pushing it away when it's coming, it didn't go away, you just put the block in front of it and say, no, not now. So this thought is kind of circling around and waiting for you to release it. So don't be afraid to do nothing and to let those thoughts come, even if you don't like those thoughts. But you will at least have this experience that you don't have to do anything with the thoughts and that you are not the thoughts that's I think the biggest part of it. You are not your thoughts.</p><p>[00:38:48] - Gary</p><p>I agree with that. You mentioned talking about being busy or the concept of being busy. I wonder if sometimes people fear never being busy again. In other words, it's the fear of like oh, if I'm not busy now, does this mean that I might never be busy again? And it gets back to the which of course is irrational. But it's that fear. It's almost like the fear that there will never be a good trade again. As if this is it, I got stopped out, I took a loss and God, it's going to be six months before I see another.</p><p>[00:39:25] - Agnieszka</p><p>And again, it's not rational, right, because 2 seconds later you're in another trade.</p><p>[00:39:31] - Gary</p><p>Exactly. I mean, the power of fear, I think, can't be underestimated and unfortunately, like the negative power of fear that if we don't manage it well, it can really lead us down terrible rabbit holes. Something else I just wanted to touch on before about just this whole concept of doing nothing is that there's a difference between failing to take a trade that you should take. In other words, your process says that you should take it, and for whatever reason, you choose not to. You get cold feet, you get nervous, and you decide not to take it. So you do nothing. That's different than consciously choosing to do nothing because you don't see any value in the market. You don't see any good trades to do.</p><p>[00:40:24] - Agnieszka</p><p>That's a very good point.</p><p>[00:40:26] - Gary</p><p>When we talk about doing nothing, we need to distinguish between doing nothing as a conscious choice, that's process driven, or doing nothing as a result of not following your process.</p><p>[00:40:40] - Agnieszka</p><p>Right.</p><p>[00:40:41] - Gary</p><p>Two totally different scenarios there.</p><p>[00:40:44] - Agnieszka</p><p>So how do you do nothing? What do you do? Do you do something when you do nothing?</p><p>[00:40:51] - Gary</p><p>I think the way I look at it is this. I mean, for a start, the charting helps. Making sure that, especially in quiet times, that I do a really solid run through of all the markets that I look at, across asset classes, and I don't look at 100 or anything like that. I probably bet maybe 20 instruments in total that I look at. But I look at them on different time frames, like quarterly, monthly, weekly, daily, four, hourly, just to get a sense going back in time about what the bigger picture is and then taking it all the way up to what's going on right now. And I always feel that when I'm doing that, even if the market's quiet, I don't have any active trading ideas that I'm kind of getting prepared. In other words, it's like doing my stretching. In other words, it's getting me ready for when something does happen. Either a level is reached or a level is broken, or doing this sort of preparation. The other thing is more like fundamental research, like just listening to podcasts, reading research, not everything. Again, being selective about it, finding things that I find help me, like commentators that make me think of things that maybe I overlook sometimes, making sure that I understand what's going on in the market.</p><p>[00:42:22] - Gary</p><p>And I think that quiet market, when you're not actively trading, it's a wonderful time to do that, right? You can maybe read something with a bit more attention. You can maybe listen to a podcast or webinar and not be distracted. You can be a bit more fully focused on it. So basically, long winded answer to your question, how do I do it? How do I do nothing? I try to increase my knowledge base whilst I'm waiting for my next trade idea to come. Just keep increasing the knowledge base, what I know about what's going on, even try to improve my understanding of things like why yield curves get inverted and what that means and why if an inverted yield curve means a recession, well, how come we're not in a recession now? Where's the recession, right? Just trying to improve a little bit each day in terms of overall market knowledge that might help me in terms of putting on positions and looking at that as a win. In other words, not saying, oh shit, I haven't done any trades today, or I traded in a flat or a little bit, lost a little bit.</p><p>[00:43:35] - Gary</p><p>Not looking at that as like a defeat saying, hang on a second, I might have learned something today. I might have picked up some knowledge or a way of looking at the market that might help me going forward. And another thing I would add that I haven't mentioned so far is the human behavior aspect of this, which is where, frankly, people like you come in, like, hang on a minute, there is this human behavior component to this. What am I doing? Am I helping myself get the best out of myself, often trading and otherwise and kind of allocating some time to that, like listening to podcasts from people like yourself and questioning and taking a little bit of time to say, okay, am I doing things that are making it myself more productive or less productive? And if not, what needs to change?</p><p>[00:44:28] - Agnieszka</p><p>Right? And that is actually a really great way to give that feeling to yourself of I am growing as a trader, right? Yes, because you increase your knowledge as a trader. So you grow as a person, as a trader without connecting it to the end result of how much money I made. Because knowledge has so much more value than the nominal value of the money you make. Because if you are really growing as a trader, your account will follow, especially if you do that in the time where you should not be trading, right? Because now you're spending really actually the time that you have allocated to trading on something that's very valuable. And I think when you are in that moment where you are not trading and you start journaling your thoughts, your emotions, what is going through your head, what is going through your stomach, what feelings do you get, what urges, what fears. If you start writing that down, you will start discovering patterns that are pushing you to take trades that you shouldn't be taking, that you will start noticing how you talk to yourself and that will give you that different perspective of, oh, okay, is this really what I'm doing to myself?</p><p>[00:46:00] - Agnieszka</p><p>Because you might start noticing some ruminating thoughts and noticing that it is actually most of them are not true, that they are not in line who you are, but they do make you feel bad about yourself. So that's a very great suggestions and ways for the listeners to implement into their trading. So thank you for that, Gary.</p><p>[00:46:24] - Gary</p><p>You're welcome. I think yeah, just trying to have a mindset of growth and having confidence that over time that will yield rewards versus what I would call a mindset of desperation and lack of patience, where you're looking for it to just happen the day before yesterday. And I think you and I, the last time we had this discussion, it's no different than a human relationship.</p><p>[00:46:53] - Agnieszka</p><p>Right.</p><p>[00:46:53] - Gary</p><p>The same thing, if you're approaching it from a mindset of it has to happen right now with desperation, I would say that by default, it's not going to happen. You're going to prevent it from happening. And I think it's hard for people sometimes to accept that.</p><p>[00:47:11] - Agnieszka</p><p>And you know, the reason why that happens is and a lot of people don't see it because when you push something, you put so much force to it that you push it away from you.</p><p>[00:47:26] - Gary</p><p>Exactly. I totally agree with that. And it gets back to what we began the conversation with, where this sense that we are programmed from a young age to think that action equaled good.</p><p>[00:47:39] - Agnieszka</p><p>Right.</p><p>[00:47:40] - Gary</p><p>Taking action equals being proactive. You know what I mean? We're taught that sitting still is not a good thing. I think that, unfortunately, that affects people's trading, and it all affect their human relationships. Try too hard to make it happen as opposed to allowing it to happen. That can get you into trouble.</p><p>[00:48:06] - Agnieszka</p><p>Totally.</p><p>[00:48:07.] - Gary</p><p>But again, that comes from having faith in the process over time. In other words, not being desperate to see the result immediately. I mean, I've watched different type of podcasts on trading, psychology and human behavior, and I can't tell you how many times when I hear seasoned veterans talk, they talk about making progress over a period of years. It's very rare that I hear somebody talk about their history, either recent history or further back, where they just say, oh yeah, it all happened in three months. Within 90 days, I was a genius. Generally speaking, people define their progression and getting to a stage where they felt confident and confident in years. Not like one or two, like three, four, five all the time I hear this, but I think particularly in the world that we live in, we live in a one click world where information is transmitted in a nanosecond over social media and whatever. So our expectations of time and our expectations of processes have sped up enormously. We can't compute something taking two, three, four. We can't compute that we want to see it now.</p><p>[00:49:32] - Agnieszka</p><p>Right.</p><p>[00:49:33] - Gary</p><p>And I think that's more the case in 2023 than ever. And it's a function of technology, and we have to all learn to come to grips with that psychologically.</p><p>[00:49:44] - Agnieszka</p><p>It's interesting that you said it, because recently I spoke to one of the traders and we were talking about his readiness to go over to trading for a living. And the discussion went on not necessarily the technicalities of trading or how well you can trade, but it is more how ready mentally you are to make that step. How ready you are to actually acknowledge that you will have to take responsibility for every single action you do. You will have to take responsibility for exist in that moment of insecurity and also perform in that environment. Right. Not knowing if you are going to bring money this month, that's a huge step, mental step that you have to make because you might be for three months consistent and then get this idea, okay, now I can trade for a living. But then you step over and suddenly things are going completely different than they were before, just because mentally you cannot handle that pressure. And I think it definitely takes long time to make that switch. To become aware of it is one. But then to accept it and be willing to practice it, because it's a matter of building emotional immunity to stress, to risk, first of all.</p><p>[00:51:23] - Agnieszka</p><p>Right, and making sure that you are building that immunity in stages and not immediately take a huge risk and lose a lot of money and hurt yourself because now you are even further away from where you wanted to be. So yeah, it definitely takes time.</p><p>[00:51:39] - Gary</p><p>What a great phrase, emotional immunity. I love that desire for certainty. That's something I think people need to try to conquer. Like what you were just saying, accepting that, okay, you've had a couple of good weeks or good months, but that doesn't necessarily mean that the next month is going to be a successful month. I mean, take for example, summer month. Summer trading is very different from the rest of the year. There are some people who struggle with it and there are some people actually do quite well with it, right? So that's a perfect example where you could have a period where you do well and then because of that you think, oh, okay, I'm entitled to this. The plane is up in the air and there's never going to be any turbulence.</p><p>[00:52:28] - Agnieszka</p><p>That's a great comparison.</p><p>[00:52:32] - Gary</p><p>September, October comes around and the character of markets changes a bit and all of a sudden you're finding it harder to make money. And you thought that you had the ability to cope with the uncertainty down pat and then you realized that you didn't. So you're right. Accepting the permanence of uncertainty is different from you actually being able to implement that day after day, week after week. It's one thing to think it, it's another thing to actually do it right and not get crushed when it's going well and all of a sudden it stops going well.</p><p>[00:53:16] - Agnieszka</p><p>Yeah. And I think the one measure of it is how easily are you of your piece when you lose, right. If you are still in a stage where you feel bad about yourself when you are losing, then you are really far away going full time trading, because then you're definitely not immune to losses. Right. You are not immune to your result. And if you have that, it's going to be constant up and down and you will just wear yourself out emotionally. So there are different stages where you can notice, okay, I'm actually not being influenced whether I had a green or red day and I can just go and have my dinner and still enjoy the rest of my day. I can go a step further. Right. But if you want to go from A to immediately to Z and to make that switch and say, yeah, you know what, I've been trading now for two years, I think I'm ready, without making that journey, because it is a journey. And some people maybe make it faster, maybe they are emotionally, I don't know, more prepared for depending on what they live through in their life and how they release their emotions.</p><p>[00:54:38] - Agnieszka</p><p>I know that some people, they are much easier accepting what's happening and letting it go easier. I like to compare it to growing a plant. There is only so much you can do. You can give it water, you can give it good dirt, you can fertilize it, give it sunlight, but then you have to wait.</p><p>[00:54:59] - Gary</p><p>Exactly.</p><p>[00:55:00] - Agnieszka</p><p>It will not make any sense if you stand on top of it and scream to it to grow faster.</p><p>[00:55:05] - Gary</p><p>Exactly.</p><p>[00:55:06] - Agnieszka</p><p>It's not going to happen. So that's the same with trading. You can do all the things in your favor, but then the process has to take over and you have to give.</p><p>[00:55:18] - Gary</p><p>Yeah, there needs to be a passage of time. And this has come up in some podcasts that I've seen over the years where people think that they can condense. That like in reading a book where everything makes sense, the concepts make sense, and you've read the book and say, you know what, I'm going to implement this and really make sense. The implementation takes time. And the implementation doesn't happen just in the week or two weeks that it takes to read the book. It's about everything that happens afterwards.</p><p>[00:55:58] - Agnieszka</p><p>Right.</p><p>[00:55:59] - Gary</p><p>And as you said, there's no set formula. Some people need more time than others. But no matter how naturally it comes for everybody, even people who have a natural skill in trading, I think that it's a process. And it isn't a process that's completed just by reading a good book.</p><p>[00:56:18] - Agnieszka</p><p>No, totally.</p><p>[00:56:19] - Gary</p><p>That's like just 1% of the process.</p><p>[00:56:22] - Agnieszka</p><p>Right.</p><p>[00:56:23] - Gary</p><p>I mean, that's just kind of like the trail map that maybe points you in the direction of where you're going. That's just the beginning. I think people's expectation sometimes is that, okay, if I watch some webinars, read some books, that's it, I'm done, it's going to happen. But until you actually trade yourself and work on applying all this, it's in the application of the concepts, I think, to your own situation, your own set of circumstances. That's where the progress is made. Not just in reading about discipline, reading about controlling your emotions.</p><p>[00:57:04] - Agnieszka</p><p>Right.</p><p>[00:57:05] - Gary</p><p>You have to do it in real time and experience the ups and downs from that and try to learn from the downs in particular.</p><p>[00:57:15] - Agnieszka</p><p>Yeah, because it will always come back to you as a person who you are and how easily can you act in your best interest.</p><p>[00:57:26] - Gary</p><p>I've heard one trader in the market describe trades as sort of like capsules of information that he's being given after there's a winner or a loser, that there's something to be learned from. In every situation. Did I follow my process? If it didn't work, why didn't it work? Things like that. So there's something yeah. Obviously, none of us wants to have a lot of consecutive losing trades. But when you have losing trades, there is information begotten from that that can potentially help you avoid that in the future, whether it means that you have to change your strategy or maybe take a look at your process and look at it as something that can be learned from, rather than just saying, I lost money on this trade, therefore I'm a loser.</p><p>[00:58:25] - Agnieszka</p><p>Right. And the interesting reaction to that is when that happens, instead of looking at that particular mistake or at that particular period going through the process, going through what you were thinking and how did you act to the impulses from the market? Many traders skip that part and they go to YouTube and start watching just kind of some random webinar about how to trade. Right. Or some other strategy. I'm like, but wait a minute. The real lesson is there. You already paid for it because you took a losing trade, so you paid money for it, and now you go and start watching some random thing. That's not what you're going to learn about what just happened. You might learn something different, but not what you just pay for.</p><p>[00:59:13] - Gary</p><p>Yeah, that's where getting back to what you mentioned before, that's kind of where back testing comes in and observing what happens and almost observing, okay, why didn't I not see? Why did I not foresee what happened in the market? Or why was I unable to recognize it in a more timely fashion and actually learning from it?</p><p>[00:59:43] - Agnieszka</p><p>Right. Things are happening for us and not to us. That's how I like to look at things, whether it's in life or in trading everything what happens. It's a feedback. It's a feedback. It's some information that we are receiving. And if we don't use that, we will get another lesson. That's just my very personal belief that if I don't get a message, if I don't learn from the experience, I will probably get an experience that the universe will give me and say, okay, I assume you haven't noticed the lesson I just gave you. Let me make it more clear. And the experience would be just much.</p><p>[01:00:27] - Gary</p><p>Stronger spot on I so agree with that. If you're not willing to at least acknowledge the feedback that the market's giving you, then you're setting yourself up for a problem. You have to listen to the message. Not to say that you necessarily have to change everything all the time and just on the basis of one or two bad trades, but if you're being given a message, I agree with you, it's important to heed that and not discard that and not just say that, oh, the market's wrong. They just don't see it the way I'm seeing it. Yeah. I think that's so important to when you're given a message, acknowledge it, not need to repeat the same mistakes over and over. Getting back to what you just said about watching YouTube videos, this sort of thing, I think it's really important for people to make knowledge their own. In other words, rather than just watch something and say that, I'm going to duplicate what this person's doing is to find a way of making it your own. And that might mean only implementing parts of what you've heard rather than the whole thing.</p><p>[01:01:44] - Agnieszka</p><p>Right.</p><p>[01:01:45] - Gary</p><p>In the end, it has to work for you. In other words, nobody can create a master plan of trading for you. You ultimately have to do that. You can get some knowledge, you can perhaps get some guidance, but in the end, you ultimately have to make it your own. And I think sometimes there's a tendency for people to think that, well, if I just follow rigidly to a T what this so successful person is doing that I'm going to succeed, and I don't agree with that. I think you have to, in the end, come up with your own sauce if you like your own recipe.</p><p>[01:02:22] - Agnieszka</p><p>Right.</p><p>[01:02:22] - Gary</p><p>You can take guidance from people, whether it's people dealing with trading, psychology, human behavior, technical analysis, but you ultimately have to make your own dinner.</p><p>[01:02:33] - Agnieszka</p><p>Yeah. Because that's where the confidence will come from. You have to understand it on a deeper level. You have to understand what you're doing and why you're doing it. And that is also the part that requires time, because when you just start trading and someone will tell you, yeah, you have to make it your own, you don't even know where to start. Right. It kind of all starts clicking and making sense and becoming yours while you're doing it. Because now you start understanding, oh, this style doesn't suit me. This I don't really understand. Yeah, I put all these lines on my charts now I don't see the candles. You have to kind of give it time and give effort to understand what's yours, who you are as a trader, because you are forming yourself as a sort of a new person right. In life, just like every actor has its own character, you're becoming a trader with your own character and your own strengths and the way that you will be expressing yourself in the market.</p><p>[01:03:39] - Gary</p><p>Absolutely.</p><p>[01:03:40] - Agnieszka</p><p>I think that this was such a great discussion. Is there anything that you would like to add?</p><p>[01:03:48] - Gary</p><p>Give you one final thought that relates to what we started with this whole idea that actually that doing nothing is okay. We all are familiar with the word FOMO, but I think there's a particular type of FOMO that really gets people and can lead to them having difficulty just doing nothing. And that's the fear of not being involved when a market absolutely takes off and rockets right nvidia did not that long ago, especially when it's something that might not be logical, that might not be a lot of sense. And I think being able to deal with those feelings is important, because if you don't deal well with those feelings, I think it can be very costly if you act on the fear of, like, oh, God, I'm going to feel like such an idiot if this market goes to the moon and I haven't managed to catch that move. I don't think it's necessarily so much people fearing an intraday move. Of course we don't like missing an opportunity to make money intraday. But I think where people are particularly sensitive, seeing a market just move big over a number of days or weeks and then feeling like an idiot for not having caught that and then maybe doing something afterwards that they shouldn't be doing to make up for it when they would have been better off doing nothing.</p><p>[01:05:33] - Gary</p><p>In other words, accepting that you can miss big moves, it's not a crime.</p><p>[01:05:40] - Agnieszka</p><p>It doesn't mean there will be more.</p><p>[01:05:43] - Gary</p><p>But if in response to missing a major move, you break down emotionally as opposed to doing nothing when you should be doing nothing, you're then going to set yourself further behind. So, yeah, my closing message would be don't let extreme FOMO sabotage your emotions and bear in mind that there are situations, many situations, where doing nothing is actually the rational choice.</p><p>[01:06:13] - Agnieszka</p><p>Right.</p><p>[01:06:13] - Gary</p><p>And the right choice. The right trade.</p><p>[01:06:16] - Agnieszka</p><p>The right trade. That's very well. Very well said. Well, that brings us to the end of this episode and thank you so much, Gary, for joining us and for this conversation. I think it was very inspiring and I love talking with you and exchange the ideas, especially with your experience as a professional trader and now trading for yourself for so many years. I think it is just so valuable to hear your thoughts because a lot of times we look at traders that have been trading for many years and we think they don't struggle with anything, that it is also easy cake for them. And I think this is so good to hear from you that it is basically for everyone challenging and it takes time and you just have to give it time, give yourself fair chance to succeed.</p><p>[01:07:10] - Gary</p><p>Thank you so much for having me. Pleasure talking about all these things you came up. With a lot of really good ideas and you kind of spurred me on to think of some other things. So very wonderful hour or however long it was.</p><p>[01:07:29] - Agnieszka</p><p>Nice. Very nice. Well, I hope that this will help traders who are listening to gain some perspective and also have some compassion for themselves because it is really so important that we are taking care of ourselves, give ourselves love and compassion. Even though trading might be the harsh job of trading money and very hard market environment. But it is all really about yourself and how you treat yourself, how you take care of yourself so that you actually can come back every day and perform on the highest level possible. So thank you so much for listening to the podcast and if you enjoy my show, please rate it and review it on Apple podcasts and be sure sure to subscribe so you can come back for a real life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="66013353" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/dac6e9a8-4472-4b11-8fe7-c44f321cbddf/audio/45ba91b7-56f4-4b96-a4b9-7b8de3344316/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>How Do You Do Nothing?</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>01:08:45</itunes:duration>
      <itunes:summary>In this episode Gary Portugal and Agnieszka have a discussion sparked by a tweet of a very seasoned investor and portfolio manager Jason Shapiro, who recently posted that not trading is actually a trade in itself. This thought brought the inspiration to talk about how to do nothing in trading. Many traders have difficulty staying away from the market and cannot resist the constant flow of opportunities. It is not easy to stay away from action, because we&apos;re programmed to think that we must act. Especially if we want to achieve our goals. </itunes:summary>
      <itunes:subtitle>In this episode Gary Portugal and Agnieszka have a discussion sparked by a tweet of a very seasoned investor and portfolio manager Jason Shapiro, who recently posted that not trading is actually a trade in itself. This thought brought the inspiration to talk about how to do nothing in trading. Many traders have difficulty staying away from the market and cannot resist the constant flow of opportunities. It is not easy to stay away from action, because we&apos;re programmed to think that we must act. Especially if we want to achieve our goals. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>12</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">c096e189-ea4e-42f0-a53a-06369023a91d</guid>
      <title>Can Prayer Improve Your Trading?</title>
      <description><![CDATA[<p>Bill Provenzano, a seasoned trader who started his journey in 1987 on the vibrant floors of the Chicago Mercantile Exchange (The Merck) shares an inspiring tale of synergizing his Christian faith with his trading and business ventures. Drawing wisdom from biblical principles, delve into the profound connection between meditation, renewing of the mind, and stewardship.</p><p> </p><p><strong>This episode's takeaways:</strong></p><p><i>A holistic approach to trading guided by faith</i></p><p><i>The transformative influence of mentorship in trading</i></p><p><i>Unveiling the potential of faith-based enhancement in trading performance</i></p><p> </p><p><strong>About Bill Provenzano</strong></p><p>Bill Provenzano began his journey into trading as a Runner on the floor of the Chicago Mercantile Exchange, also known as “The Merc”, in 1987. He was just 19 years old. Within three years he became a member of the exchange and traded his account as an Independent Floor Trader in the Eurodollar futures pit. </p><p>Bill’s trading success grew over his nearly 20 years at the Merc. When computerized trading took away the need for floor traders, Bill left the trading floor and went on to build two successful non-trading-related companies. But he continued trading commodity futures electronically and coaching other traders.  </p><p>Bill has a very unique perspective in that he is unapologetic in his belief that his Christian faith plays a vital role in his professional performance. In his book, <i>Trading With Faith</i>; <i>12 Biblically Inspired Principles for Trading Success</i>, he shares the biblical principles he leaned on during his trading career that he believes were instrumental to his success as a trader. Bill and his wife of 25 years enjoy traveling and just celebrated the birth of their first grandchild. </p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p> </p><p><strong>Contact Bill Provenzano:</strong></p><ul><li><strong>Website:</strong> <a href="http://www.tradingcoachbillpro.com">www.tradingcoachbillpro.com</a></li><li><a href="https://a.co/d/ec8c44N">Get Bill’s new  book here https://a.co/d/ec8c44N</a></li></ul><p> </p><p><strong>Transcript:</strong></p><p>[00:00:00.410] - Agnieszka</p><p>Welcome to the Confidence in Trading podcast. I'm Agnieszka Wood. In today's show, I have the pleasure of speaking to Bill Provenzano, who began his trading journey in 1987 as a runner on the floor of the Chicago Mercantile Exchange, or the Merck. He was just 19 years old. After several promotions, Bill realized his goal of becoming a trader and grew his success on the trading floor for nearly 20 years. In a moment, Bill will tell you himself what happened after and what he's up to right now. Bill and I share a passion, and not just for trading, but also for helping other traders on the way to their success. However, Bill has a very unique perspective on what plays an important role in trading performance, an approach that I have never heard of before. And that is what triggered me to invite Bill on my show to talk about it. Welcome to episode number eleven. Can prayer improve your trading? Hi, Bill, welcome and thank you so much for making time to be my guest today.</p><p> </p><p>[00:01:14.420] - Bill</p><p>Thank you so much, Agnieszka. I consider it a pleasure being on your show, your podcast, and I'm an admirer of the work you do in this space.</p><p> </p><p>[00:01:22.330] - Agnieszka</p><p>Thank you so much. I appreciate it. I am so excited about hearing your unique perspective. There are so many different ways to success, but the one you are talking about, and you will share with us in a minute, that is something that I have personally never heard anyone talk about. But before we get into that, could you tell us a little bit about your trading journey? How was it to leave the trading floor after so many years? And did you continue trading after you left?</p><p> </p><p>[00:01:54.970] - Bill</p><p>The answer is, it was a shock and yes and no. So I'll just jump back real quickly if I could, back into the late 1980s when I was first introduced to trading. I was just out of high school. I was in my first year at the local junior college. I fully anticipated going into law school. My father was an attorney, and within my father's law office was another attorney who had a brother who was a trader, and he traded S&P Futures. And my father, one day we met every week and my folks were divorced. But every Saturday, myself and my two brothers got together with my dad. We would work for my dad. We cleaned his office, which I'll talk about, which kind of opened up another world for me later. So we used to clean his office on Saturday mornings, and then we would all go out to breakfast. And as for breakfast, one day, my dad was like, look, there's a guy in our office. His brother, the gentleman's name was Ronnie. The attorney in his office. Ronnie has a brother named Danny. And I don't know what Danny does exactly, but it's something about trading and S&Ps. And I don't know, I think you guys should meet him. Okay? So my brother and I made an appointment to go down to Chicago Mercantile Exchange and meet, meet with Danny. And I never even heard of the Chicago mercantile exchange. I never heard of trading, I never heard of S&Ps, none of it made any sense to me. But we went down to the Merck, and as you're walking up 30 south whacker, that's where I worked for almost 20 years. As you're walking towards the building, there's all these people out in the front with all these jackets, these colorful jackets on, and 80% of them, 90% were smoking, and my brothers and I were not smokers. So we walked through them like, what's all this? What are these guys doing? So you walk in the front doors there at the merck of 30 south whacker, and then you go to the far right, because that's where the visitors gallery was. That's where we needed to meet Danny. We're going to meet him in the visitors gallery. So you take the elevator up to the fourth floor, the doors open, and you turn right. And as you turn right, the trading floors are no more. But back then, you turn right and you just see this wall of glass, and you just hear this sort of dull roar. And as you start walking towards this wall of glass, you see all these colors, these wallboards filled with numbers and words. And then as you're getting closer and closer so to paint the picture even better, the visitors gallery bisected the trading floor. So as you got to the glass of the visitors gallery, if you look down one level, that's where all the trading pits were. And then you can look up another, like one story, and that's where all the wallboards were. We walked up to the glass, and I'm looking at it, there are moments in your life where the trajectory of your life changes. I looked down at that and I said to my brothers, I said, I don't know what they're doing, but I want in. I need to be a part of this. And I'm not someone there are some people who, when they're told no, it's like that feeds them to do that. That's really not my approach is more like if I look at somebody who's doing something and doing it well, the exclusion of that is a professional basketball player, professional athletes. I know I'm never going to be one of those. But if I see somebody and somebody doing something well, I look at them and I say, look. Not in an overconfident kind of way. Look, but look. And I said this to my brothers at the time. I said, look, we're three intelligent guys. No one works harder than us. And we've got some level of street smarts, we've got a good level of book smarts. We're hard workers. There's no way that we can't do what they're doing. And I don't know what they're doing, but it looks like I want to do it too.</p><p> </p><p>[00:05:57.730] - Agnieszka</p><p>But I want a jacket like that.</p><p> </p><p>[00:06:00.050] - Bill</p><p>But I want one of those jackets. So I'm the youngest of three brothers. My oldest brother got a job on the floor as a runner at the beginning of the summer. I was able to get a job at the end of that summer. And this was the summer of, I think it was I was 19. So that would have been the summer of 87, late summer of 87, and I got a job as a runner.</p><p> </p><p>[00:06:24.240] - Agnieszka</p><p>I'm actually not sure what does the runner do?</p><p> </p><p>[00:06:26.430] - Bill</p><p>So back in the day so now imagine when you've got your mouse in your hand and you click an order to buy or sell that's transmitted electronically. Back then. It was you pick up the phone, you call your floor broker on the trading floor, there's just walls and walls of phone banks. And so depending on the company, you're clear trades through, let's say you cleared your trades, know, back in the day was Revco or all the different. So let's say you cleared your trades through Revco. You would call the Revco desk and you would me buy me five S&Ps. The clerk would write that down on an order slip, buy five S&P. Then the price, whether it's a market order, limit order, whatever it might be, hand it to the runner. The runner takes the order and delivers it to the trading pit.</p><p> </p><p>[00:07:11.270] - Agnieszka</p><p>Got ya.</p><p> </p><p>[00:07:11.530] - Bill</p><p>You just in me describing all that. You can see why electronic trading is way more efficient because all of that requires so much labor and time that you can do on a click of a mouse right now. So I started working as a runner, and it wasn't long before I realized, look, I had a mentor later on in life who described it to me like this way. He said when he started work at this one particular job, he looked around, he said he said, who's the highest paid person at this place? This was a mentor of mine was telling me the story. He got a job at I forget where. He said, but he got a job. And he asked the guy that was hiring, who's the highest paid person in here? And the guy pointed to this guy over here. He says, okay, how do I get his job? So when you're working on the trading floor as a know, you're making peanuts, and it doesn't take you long to realize that the traders, the guys in the pit doing the yelling and the screaming, the writing of the cards, they're the ones making the money. And that's what I wanted to do. And then as you're there, like I said, I started at the Merck. So right down the street was Chicago Board of Trade. Chicago Board of Trade traded. They had the treasury bron. Futures was their big contract. They had a lot of the agricultural stuff, the grains at the Merck, we had the meat, so to speak. So we had the live cattle and that, but then we had the currency futures, we had the eurodollar futures, which were short term interest rate futures and the S P futures. But all that to say, as you spend time within this business, whether it's as a runner, whether you just get introduced to trading through your Uncle Jim, whatever it might be, you start getting introduced to different products, and you will just start to just naturally gravitate towards a particular product that you like to trade. For some people, they like to trade stocks or they like to trade penny stocks. Some people like trade tech stocks, some people like to trade options only. So it's in that immersion within the business. As you come in within the business, you will just naturally find sort of where you migrate towards within that business as a runner.</p><p> </p><p>[00:09:21.820] - Agnieszka</p><p>How did you know? Because you were pretty much bringing the orders like you didn't actively trade it. So just like imagine the new trader just steps into the market, also doesn't know what am I gravitating towards?</p><p> </p><p>[00:09:34.700] - Bill</p><p>Yeah, and let's think of it in the same way as someone who just gets introduced to trading today. They just sit down and then in the same way, they're just going to start scratching the surface and learning more. Well, as a runner, I started in the meats, so I was delivering the orders to the live cattle, live hogs, pork belly pits. The only way I can say it is that segment of the market didn't speak to me, so to speak. I was gravitating more towards the interest rate future markets, which were the euro dollars. Euro dollars is sort of a misnomer. Euro dollars are the 30 day interest rate market. And so think of it as very short term interest rates. You got the 30 year bond and then the ten year bond, the five year note and the year dollars. So that's the interest rate spectrum.</p><p> </p><p>[00:10:22.330] - Agnieszka</p><p>Right.</p><p> </p><p>[00:10:22.890] - Bill</p><p>So I just started gravitating towards the year dollars. Well, most because I had a couple of friends that were trading in there. I had a really good friend who I've met day one on the trading floor as a runner. I met him, he was two years ahead of me, sort of on the totem pole, and he was already a desk manager and working his way, knowing that he was going to go into trading as soon as he can. Just sort of because you need some capital. And that's the other thing I want to talk about and I know this conversation can go off in so many different tangents.</p><p> </p><p>[00:10:53.750] - Agnieszka</p><p>I see it. And you know what was really beautiful about this? It is all still so vivid in your memory and as you say while you're talking, you're like literally and of course people who are listening on the podcast. You cannot see it, but you really have it, like, in front of you still. It's just still so alive. It's so beautiful.</p><p> </p><p>[00:11:12.730] - Bill</p><p>Yeah. All that to say, there are two points I wanted to get to. That the story I just told, sort of spoke to. I didn't start trading until 1991. Three full years, right? Three years of immersion in the business. I mean, immersion in the business, learning all different aspects of it, all different nuances of it, before I ever placed a trade. You know, and I know the Internet has decimated the boundaries to get into this business called we call trading. And the people that are migrating into it without any they're going into a deep forest without a guide. And I don't fault them. They just don't know what they don't know. And that's okay. But it's important to find a guide to say, hey, look, I've been there, I've done that. Let me just kind of grab you by the hand and kind of walk you through this to help you not only understand that you need a plan if you're going to trade, but you better have some foundational things in place, too, and that are going to be more because this is a mind game. Trading can mess with your mind in a bad way, and if you don't have some foundational, mind and heart issues resolved and solidified as your base, your foundation, you're going to build your trading business on a faulty platform. That was number one. I wanted to speak to the fact that it used to take years before you would place a trade, and that time period, and it used to take a whole lot of capital before I could ever place a trade on the trading floor. Not only did it take years, I had to take a two week course at the Merck. I had to go in front of the board of governors that has seven person board of governors and be asked all sorts of questions. Once that was approved, I had to be on the trading floor with sort of a guide, a trader who would take you by the hand and walk and take you by the hand is the wrong word, but would be with you for two days and make sure that you've got a sense of what's going on there. And on top of that, you had to put up a back then you had to put up $50,000 with the Merck as a guarantee, like, hey, if you blow out your account, you would have your clearing firm who would process your trades. And then the Chicago Mercantile Exchange is the ultimate processor of the trades. So you had to put up money in your trading account with the company. But then the Merck, they wanted a $50,000 deposit. So in case you blue throat. So there were safeguards. There were so many safeguards and so many gauntlets. You had to go through before you placed a trade. All of those acted as barriers to entry that they're just gone. Those barriers to entry are completely gone.</p><p> </p><p>[00:14:25.380] - Agnieszka</p><p>So you started trading, and you were successful right after all the things you ... Was it, like, immediate?</p><p> </p><p>[00:14:33.890] - Bill</p><p>No, not at all. Not at all. That speaks to grit and sort of the learning curve that you got to go through. The first two years of trading, where I actually traded first initially was someplace called the Mid America Exchange, which was housed within the Chicago Board of. So my success at the the mantra back then was, if you can break even your first year, first year, you're doing great. And that's what I did my first year, I broke even. Second year, I made a little more money, and then that's when I went over to the Chicago Mercantile Exchange, and I started trading euro dollars. And back then, you either had to own or lease a membership known as a seat. So I don't know if that term is even still familiar nowadays. So in order to trade, there was a limited number of seats at the Merck, and every exchange had seats. And so to trade in whatever pit you wanted to trade in, depending on which pit you wanted to trade in, there were three different types of memberships, three different levels of seats. So I signed a six month lease to trade in euro dollars. And after the first month, I called the guy. I said, look, I'm done. I'm just not making enough money. I wasn't losing money, but I wasn't making money, and it wasn't clicking. And so this guy was I remember I just remember this guy. His name richard. He said, Bill, just I'm telling you, Bill, just stick it out. There's something I see something in you. Just stick it out. I think you can do it. So ultimately, I did give him back a seat, but here's, for me, I consider it providence, capital P. Providence. I had signed the seat back to him. Let's say we signed through the end of the month. I said, okay, on the 30th of the month, I'm giving the seat back to you. Well, in that last week of the month, I had a really great week. I thought, okay, there's something here, but now I got to give this guy a seat back. So I had to scramble to find another seat, and that was sort of the turning point that week. I can kind of look back as, okay, something happened here that week where maybe I just kind of caught onto something. And my success wasn't meteoric from there, but I had a good first year. The second year, I doubled my first year. My third year, I doubled my second year. And by year four, five, six, the numbers grew, and there were some within all of that. Going into late 90s, there was a real interest rate contraction. The market short term interest rate market really contracted, and the market was just super slow for a period of time. But all of that to say, overall, there were really good years throughout until we felt the electronic trading was sweeping the landscape. Come 2004, 2005, it's an incredible story.</p><p> </p><p>[00:17:55.080] - Agnieszka</p><p>And I think you're so passionate about it, so it's really great to hear all the details. So you finally achieved a success, and I think that pivotal point from what you're saying, I recognize something that I see also with other traders, that the moment that the pressure is off, traders tend to perform better. So maybe that moment where you said, okay, I'm going to quit this, that's when the pressure was off, and that's where you had this great week.</p><p> </p><p>[00:18:28.130] - Bill</p><p>That's a great observation. That really is. That really is a great observation. And I think another thing to turn that screw a little more, it also helps for those who are just getting into this realm, have other sources of revenue. I had finished college. I was working a couple of jobs. In the evenings, I was living at home, helping my we had my grandmother was living with us, so my mom needed help with that. So it worked out well where I was able to live at home, help out with the bills at the house. I didn't need the trading income at that time. Right. I was 21, 22 years old, living at home. So it's not like I didn't have a lot of overhead. So any pressure you have any 22 year olds? And I hope 22 year olds today feel that same pressure. The pressure like, okay, I need to get active and start my life and get this thing going, whatever this is for them. I certainly felt that need with trading because I had a huge passion for it. I really felt I could be good at it. But there wasn't a crushing need to make money right away. It was more of a desire, of course, who doesn't want to whatever endeavor you're in, presumably you're endeavoring to not just make money, but to perform well.</p><p> </p><p>[00:19:49.630] - Agnieszka</p><p>So what happened after? So then you left the trading floor, and what was the next step?</p><p> </p><p>[00:19:56.380] - Bill</p><p>Yeah. Between 2004 or five, six, seven, I was on and off the trading floor. But I started to see these floods of people coming into this space because I would see all of these Infomercials TV commercials for trading platforms. Because I'm contemplating the shift between going from trading on the trading floor to trading on a computer screen. So as I'm contemplating that shift, I had taken some time, done some deep analysis. If I don't trade anymore, what are some things I want to do? And I listed three things that I wanted to do. Let me talk about a second. But as I was on my way to do those three things, the different three different career paths that I thought would be career number two, I started to see all of these infomercials and all that for different trading. Platforms like trade this platform and you know the commercials I'm talking about where the guy or gals on the golf course or sitting on the beach all the free time for your family. Those commercials, I was incensed when I saw those commercials. That was 2004, 2006, seven, eight, something like that.</p><p> </p><p>[00:21:09.740] - Agnieszka</p><p>Okay. At that time, I had no idea about the market. I have not seen any commercial, and I was in the Netherlands at the time. So keep going.</p><p> </p><p>[00:21:20.170] - Bill</p><p>Yeah, this is about the time know those people that were in software development or whatnot knew, okay, well, here's a new market for us to exploit. And I'm not saying exploit in a negative way. I'm saying what new opportunities, right? Yeah, of course. This thing called trading is going from this open out crisis system where people are yelling and screaming to an electronic platform, and there's going to be a wide market of people who are going to want to learn about and how to do it. I started to explore, okay, do I want to buy a trading system? Do I want to develop my own trading system, whatever it might be. So I started going to some conventions and different day long seminars on different things that had the reality is the most part is a lot of them were sales pitches, right? You sit and you watch. This is how our trading platform works. Look how well it did at picking the highs and the lows. Well, great, we can all do that. And when they start the conference with, hey, everybody, hold your questions off to the very end, that's when you know, like, okay, well, maybe there's a problem with their coming. As someone who's been in the business for, at that time, 1617 years, like, okay, I can see the value in their product, but I can also see how they're pitching it to a room full of people that are. And sure enough, the presentation would end and 810 twelve people go to the back of the room and plunk down $3,000 on the credit card. And I saw this happening time and time again. So I wrote an article, and the article was posted in a Christian magazine with national distribution. And the article was just a cautionary tale. And it was, in essence, like, look, okay, this new world of trading is going to look a lot differently than it did before. The barriers to entry are going to disappear. Anybody that has a laptop or Internet access is going to be able to, in a matter of probably 30 minutes, fill out some application, connect their checking account to it. This is when I really became incensed. I went to A, and I won't mention the name of the company because they're actually very well known in the trading education space where I went to A one day seminar where they talked about this was more about trading education, and they were advising people to trade their IRA money. Like, okay, take your money out of your IRA and put it into your trading account. As soon as I saw that, somebody's got to say something here. I'm 30 some years old, and how am I the adult in the room? So, like I said, I wrote this article, and it was a faith based Christian magazine. It dealt with the financial like a financial magazine for the Christian realm. And it was published in there, and it was a very long article. I've done a lot of writing over the course of my over my life, and it got published. It was such a long article, it had to take two two issues for it to be fully published. And at the end, I said, if you have any questions, contact me at this email address. Almost 200 people contacted me, and they contact me with questions from everything like, hey, I'm exploring trading to I sold my business, and I lost all my money trading. So I saw this. I'm like, what do I do with this? So I just started gathering these emails, and some people included their phone numbers. I started calling them like, okay, tell me your story. And one guy I called one phone call, very vividly. The guy says, I sold my company for just over $300,000, and money's gone. I started trading it. The money's gone. And I thought, oh, wow. And then I heard the story again, and then I heard another story again, and I can tell you, I know personally this isn't theoretical. I personally know traders from the trading floor who had net worth of between five and $10 million who are now broke. And I don't mean like, okay, they are dead broke because they could not give up the ghost of the success they had on the trading floor. They thought it'd be instant on the computer screen, and they could not make that transition. And I'm not being hyperbolic here. So I wrote this cautionary tale, like I said, and just so many people contacted me, and I thought, okay, what do I do with this?</p><p> </p><p>[00:25:53.970] - Agnieszka</p><p>So what did you do with this? Did you started coaching them?</p><p> </p><p>[00:25:57.670] - Bill</p><p>Yeah. So the people that contacted me again, we were all coming from the same position of faith, right? It was a Christian magazine. So these people were positions of faith. We share the same ideology. And so I just sort of did a rear view mirror look of the principles and guidelines I had used throughout the course of my trading career that I believe were sort of guide rails and the tailwind to my success, right? Guide rails that kept me within the right lane and the wind at my back, so to speak. And I did this in a very short period of time, and I put together what I thought was going to be just a long essay. It turned out to be almost a 60 or 70,000 word book that at the time I called it The Ten Biblical Principles for Trading Success. It talked about the ten principles that I felt were, like I said, the guidelines, the guardrails for my success, as well as the tailwind at my back. And then I also wrote about the trading traps, the things that you don't know about, right? The things that you haven't encountered yet, the things you don't know that you dont know.</p><p> </p><p>[00:27:07.550] - Agnieszka</p><p>Is that the book that was just published a few weeks ago?</p><p> </p><p>[00:27:12.170] - Bill</p><p>That was the precursor to that. So I wrote that book, and just real quickly here then I contacted all the people that had contacted me. I said, look, I wrote this book. I'm not going to publish it, but I'll give you the work that I created. And if you want to do, we'll just do like a two week informal course where I'll just sort of walk you through the book and we'll meet 3 hours a night for two weeks in a row. And I'd be happy to just sort of do that for you folks because I think it's important that we do so 2030 people or so in different segments, not all at once. So I just sort of started coaching these folks, and some of the coaching continued beyond that. And so just to sort of put a period to this, once that was done, I put that on the shelf, an electronic shelf, so to speak, because it's an electronic format, because I wanted to explore those three businesses that I had sort of identified early on or when I was leaving the trading floor. I wanted to explore those businesses. And once two of those three businesses, I own multiple rental properties and I own a commercial and residential cleaning company. Why I wanted to it's just getting to know thyself. I just knew that I wanted to own rental real estate, property, and I knew I wanted to own a cleaning company. And so I started these two businesses. I've grown them over the course of the last 1012 years or something like that. And now they're at the point where and I knew about a year ago, I thought throughout the course of the last ten years or so, I knew that book was it was always there. It was calling me. I'm like, I know the time will be right. And about a year ago, it was like, okay, now's the time to get that book back off the shelf, dust it off, reedit it. That's what I did. So I revamped it a bit. And now it's called The Twelve Biblically Inspired Principles for Trading Success. Because I added a couple more. Well, it's called trading with faith. The Twelve Biblically Inspired Principles of Trading Success. I'm reaching back out to folks that are looking to be coached from just like a. Married couple would probably reach out to if their faith and they want to approach counseling from a faith based perspective. I've seen that people within the trading realm want to have somebody that speaks their language, so to speak.</p><p> </p><p>[00:29:47.920] - Agnieszka</p><p>Okay, so let's talk about it a little bit more. But before we do, I want to ask you, so while you were developing those two businesses, right, that's quite a lot on your plate. You were still trading right, for yourself. How did you combine those two?</p><p> </p><p>[00:30:03.490] - Bill</p><p>What I was doing was I was searching for a trading methodology that fit within my new paradigm. Right. So I knew the products that I wanted to trade, commodity futures. Right. That's just sort of my background. So I knew I wanted to trade commodity futures. And specifically, I'm talking about S P futures, Nasdaq futures, gold futures, currency futures, and the know the grain futures. So I knew that was the product that I wanted to trade. But I needed to find a new methodology that was in sync with the fact that I've got two businesses to run. So it took time, and I was taking more time. Just daily looking at the charts, looking for trying to identify my new high probability trades. Right. What are the triggers I'm going to be looking for? The chart generated triggers that I'm going to look for that are going to be my high probability trades. And so each evening and I've been doing this for ten plus years, I would just look at the same 1520 charts and just keep making notes identifying the high probability trades that I'm seeing emerging. And I just kept keeping a catalog of these things, or growing and growing catalog of these things. And then about a year ago, I started actively trading again. But the methodology which I trade now is I'm only placing between two and five trades a month. I'm not looking to actively scalp the market. I'm not necessarily looking for intraday trades, even though sometimes they might happen. So that's an important thing for people to hear. Find the methodology that works within your current paradigm. Right. Most people have a nine to five, and they're not going to just walk away. I would advise them, don't walk away from your nine to five, but find a method trading methodology that fits within your paradigm and nurture it, develop it, study it, and just come to know it better than anything else.</p><p> </p><p>[00:32:14.510] - Agnieszka</p><p>Yeah. Because at some point, once you do that and this way kind of organically integrated into your life, it is so much easier to make the transition. When you notice that you start making money, the transition is much more organic and easier. There is no push, no stress, no mass. I have to make it. It just all disturbs. And I think it is with everything in life like that, the more organic, you let the things happen. Maybe not even I take the word organic out because the more you let things happen by itself and don't push too much, things are kind of being taken care of, if that makes sense. At least that's how I experience in my life and it just makes sort of effortless action.</p><p> </p><p>[00:33:10.510] - Bill</p><p>Yeah, and that makes total sense. And that can happen best in an environment where you don't need to make money trading. Where you want to make money trading. Right, right. If you put yourself in a position of need, what you just described becomes a whole lot more difficult to unfold.</p><p> </p><p>[00:33:27.050] - Agnieszka</p><p>I totally understand. I've been there because I was one of the people who have done exactly what you were describing and I cut myself off of the income that I had and decided to be a day trader. So I did go, I have chosen the difficult path.</p><p> </p><p>[00:33:44.390] - Bill</p><p>Yeah. Well, the difficult path seems to be the one that has the most lessons on it.</p><p> </p><p>[00:33:48.990] - Agnieszka</p><p>That's true, that's true.</p><p> </p><p>[00:33:50.240] - Bill</p><p>There's something good in all of that.</p><p> </p><p>[00:33:52.280] - Agnieszka</p><p>Yeah. And so I discovered later on that was the path, it wasn't the path of the least resistance that I used to choose in my life, but the other way around. I have changed it. And I must say my life became much easier now and I actually achieve much more with that and move forward much quicker. So that's very interesting. So what I am really keen to hear from you because you're talking about the biblical principles and how your faith helped you to achieve success. Can you tell me more about it? Because I actually grew up as a Catholic, so I am very interested in how did you even made that connection. </p><p> </p><p>[00:34:34.500] - Bill</p><p>Ye so, just to touch on what you said. So it was the Apostle Paul that said the fruit of the spirit. You mentioned multiple fruits, but three of them are peace, patience and self control. You couldn't name three more important characteristics for success in trading and success in relationships, success in all areas of life. And so I didn't believe that my faith should come off the shelf one Sunday a month or one Sunday a week for a couple of hours and then be put back on the shelf. There was a gentleman named Larry Burkett who wrote a book years ago, and I'm talking about late 80s, early 1990s, a book called Business by the Book and the book capital B, the Bible. So he was the first one that I discovered sort of made this connection of, look, our faith, our Christian faith, it's not just for the pastors and the priests. We as people in the business world, we have the mandate of stewardship of our time, talent and treasure. And we also have, like I talked about, I remember I said you've got the guardrails and the wind at your back. So the Apostle Paul wrote, be transformed by the renewing of your mind. So going back to when I was just starting college, I started this thing, a morning routine, and I became more disciplined as I grew older, but a morning routine that included just time in prayer and Bible reading. And as I entered into trading and I came across Larry Briquette's book, Business by the Book, I thought I sort of realized, yes, this is what I'm looking for. It's not exactly what I'm looking for, but it's this recognition that my Christian faith, it's not just for Sunday mornings. It can come with me to work, and it can have within it these guidelines. Like I said, I'm going to read some of the verses that were really important to me. And they're just the kernel that we can expound upon. But be transformed by the renewing of your mind. Take every thought captive. That's from the Bible, the Old Testament, and even the New Testament time and again refers to meditation. One of the very first Bible verses I memorized was Psalm one, one through three. And it talks about the prosperous man or woman is the one and prosperous. I'm not the prosperity preacher, right? Prosperity is peace. Prosperity is financial. Prosperity is internal peace. Prosperity is not just for the material realm. It's for all your relational realm. And people get when you get that out of skewed, it creates all sorts of problems. But the prosperous man is the one who meditates on the word of God. And Psalm one, it talks about that very explicitly. Some other verses that I think were really interesting that I held onto was when I was in beginning of my business. If you look at going back to an Old Testament verse, Leviticus, it talks about when you enter into a new land. Remember, this is an agrarian society back then. Right. These are people that grew crops and raised livestock, and that was their currency. Right. That was their business. Right. And spices, that was the currency of the day. And one of these verses that I read that I really held onto that sort of gave me hope was when you enter the land and plant any kind of fruit tree, regard its fruit as forbidden for three years, you are to consider forbidden. It must not be eaten. So for three years, plant your vineyards, plant your trees, and for three years, don't touch the fruit of your trees. Let it grow. Well, what a great, like full of metaphors, right? Yeah. What a great lesson for any business. Right. Even when I started my cleaning company and my rental property business, especially in trading, because in trading, anybody who's watched Shark Tank knows the term scale. You want to scale your business. The way you scale in trading is to add more size to your positions. Well, the only way you can add more size to your positions is if you have more money in your account.</p><p> </p><p>[00:38:57.020] - Agnieszka</p><p>That's right.</p><p> </p><p>[00:38:57.680] - Bill</p><p>And in order to do that, it's hands off. Leave your hands off that money and if you can let it grow for three years, great. And I would even say give it five years, because the first couple of years is going to be education. The market is going to extract tuition. Right? The market needs its tuition. Yeah.</p><p> </p><p>[00:39:21.940] - Agnieszka</p><p>And that's what's often forgotten, right, the tuition. It's like, whatever new career or whatever new thing you learn, you have to pay for it. And that's a lot of time. It's forgotten that just becoming a trader is a very costly education. I'm not talking about paying the actual education, but the on the job training because of the losses, which are basically investment in your business. But that is something that a lot of time is forgotten. Definitely.</p><p> </p><p>[00:39:54.590] - Bill</p><p>I am unapologetic in my belief, especially today, because as I look back on my trading career, there were no trading coaches. I started seeing the emergence of three trading coaches back right around the late 1990s, and I can there was Brett Dr. Brett I can't think of his last name. There was a gal, and then there was Doug Hirschhorn. Those that are in the trading realm might know who Doug Hirschhorn is. Doug Hirschhorn was a floor trader. He played Division One baseball, I believe, and he was one of the first people entering this trading coaching space. Now, late 1990s, I'm already having a fantastic career. As I sit here, I can look back and say, I can tell you my single biggest regret as a trader was not hiring a trading coach. And I'm telling you that's someone who was making seven figures a year on several years is saying that because I knew that I could perform even better. I knew that I was good and getting better. And as I look back when I first met Doug Hershhorn again, this idea of a trading coach was completely new to me. And I had met he goes by Doctor. I had met him, and he was just beginning his career as a coach. And at the time, he was $5,000. He was $5,000 to hire as a coach. I thought, wow, that seems like a kind of a steep price tag. And I didn't disregard him as Tiger Woods has a swing coach. His swing coach doesn't play professional golf. The fact that he wasn't a professional trader didn't matter to me. Yeah, I wanted someone who could pull a better performance out of me and why I didn't pull the trigger and hire him at the time, because now he's 25,000, 30,000 minimum. But looking back on my career, that is my single biggest regret, is that I didn't hire a trading coach even when I was having very good success. So I say that because we were talking about tuition a little while ago. The market is going to extract tuition from you. It will. The question is, can you minimize the tuition you pay while maximizing the benefit that you learn? And I am unapologetic that a trading coach, one that you connect with. Just like if you're going to a counselor, just like if you're hiring a coach for yourself, a golf coach, or your children's athletics, find one that you jive well with. Like I said, in my world, those that we speak the same language, so to speak, we're coming from the same position of faith, that we're not afraid to incorporate the tenets of our faith within that. In the course of writing that first book, I was doing, just digging, digging, doing research, I came across a gentleman named Dr. Derek de la Pena, and he wrote a book called Sports Psychology and the Scriptures. And it was the first book I finally came across, like, whoa, there is somebody else out there who's speaking the same language now. He was speaking to athletes. And I've long held the position that there are so many ways to equate traders with athletes. Specifically, the best corollary I have is a trader is like a batter at the plate. There are so many corollaries to that batter standing at the plate right there's, pitches coming at you. Each one of those pitches represents a trading opportunity. Each swing represents an initiation of contact with the market. There are so many corollaries to the two that I was so excited. So I got that book. I tracked this guy down, Dr. Derek Phil Pena. And he and I have had conversations ever since. So I'm like, finally there's somebody who's speaking the language that I'm trying to talk about. And this field of incorporating your faith, there are so many studies being done right now in the context of how does prayer, one's faith, their belief system? People forgive me for the way I'm about to say this because I'm going to use the wrong word. How can that be used to better your trading performance? I think of it better as how do we steward the talents and treasures we've been given to maximize the opportunities we have before us? Like I said, we are stewards of our time, talent and treasure. And that's whether you are an accountant, a trader, or a plumber, you have time and you have talents and you have treasure. You are a steward of those things. I would want someone who recognizes that as part of the belief system to work with. There's all sorts of studies being done that incorporate faith and performance.</p><p> </p><p>[00:45:20.870] - Agnieszka</p><p>Yeah, I think whether it's trading or any other performance, that has to do with a high degree of mental performance, as in sport, like, let's say golf, for example. Yes, you have to train your muscle memory and a certain swing, and that is the physical part. But the mental part is so much bigger because we know that if we don't keep our thoughts in rain, then they can take off, gain momentum, and take us places where we don't want to be. And I think whether it's prayer or meditation, as you say, because there are different ways to quiet your mind. And I personally meditate, which I find incredibly effective just in taking a distance, to take a distance from things and give it a minute. Whether it's trading, whether you are conversing with someone, whether you're making any decision in life that gives so much more peace inside, where you can actually take a moment right, where you don't feel pushed like, oh, I have. To make a decision where you don't feel rushed to take a trade because you know that it's enough opportunities out there and you always have to act in your best interest and that moment and that quiet mind really helps you to do that. That is how I at least experienced that. And from the article you have sent me, that's kind of confirmed by the research, right? That when you are meditating or praying that your focus or the signals in your brain actually go to more the rational area, the frontal front of your brain, which helps you make more rational decisions and not stay in your emotional zone. Right. I think there was this phrase used, it helps you to stay in the zone. And isn't that what every trader wants?</p><p> </p><p>[00:47:38.050] - Bill</p><p>I'm so glad you brought that up, because that article I sent you, the observation that you just made was one of the biggest surprises that I came across. I fully anticipated. So if you're listening and you're able to if you touch the back of your head, that's the back of your head is the fight or flight, the emotional area, that's where when emotions are high. If you were to attach electrodes to your head right now and you were to be in a highly emotional state, that's the area of your head that would light up. I was shocked to read, and I thought in prayer that that would be the area that would light up. Well, it turns out no, it's actually the frontal lobe. So if you touch, like, just above your eyes where your temples are, that's where you make executive decisions. That's where you make rational decisions. That's where you follow checklists. That's where things get accomplished in a very perfunctory way. Prayer lights up that part of the brain which totally shocked me. One of the things that I talked about with students a while back and that I want to talk about now with folks that I come across is the goal of trading without emotions, I think is a misnomer. I view emotions as a God given gift, right? When you close out a good trade, you want to enjoy it, you want to relish in it. And if you trade without emotion or temperature, I think that's a misnomer. I think a better way to say it is when you trade, you want to light up the part of your brain that is in the executive function and not in the emotional state. So if you're in an emotional state, and you're trading. The best way to move that activity, brain activity, to the front of your brain, is through some sort of checklist. Atul gawande wrote a book called the checklist manifesto. It's a great book. It's a very entertaining read. Talks about the power of checklists. So I created a checklist based on the acronym simplify. Simplify your trading. I wrote an article about it. It got posted in a whole bunch of online forms years ago, simplified. So as you're emotional, as you find yourself, let me set a scenario. So here's the scenario. You've got a trade set up coming on your screen, and it's a high probability trade, one that's worked well for you in the past, but the last two or three have gone south. Now you're seeing it unfold again. You're like, back of the brain is lit up. Do I really want to engage with this if I've lost the last two or three? The best way to overcome that, to light up a different part of your brain, is to engage with the market in a checklist kind of way. So I created the simplified checklist. So s you're scanning your charts. I you're identifying your high probability trade. M you're mapping out that trade. What's my entry point? What's my exit point? What's my risk reward ratio? What's my stop loss? What's my objective? First objective, et cetera. P is pull the trigger. And I've got a whole conversation around how to pull the trigger even within that state. L is let it breathe. Whenever I say, that the phrase let it breathe. When I was in the trading pit, you didn't have many friends in the trading pit. I'll just say that right now, right? You can be friends outside of the trading pit. When you got in the trading pit, you weren't friends. But there was one guy, he and I still get together a few times a year for coffee if I had kind of a big position on. And he saw I was kind of excited and I was bidding or offering heavy in the market, he would just turn to me, bill, let it breathe. Let it breathe. He's like, just calm down. Let this trade do its thing. So I always get a chuckle out of the l portion of let it breathe. So you pulled the trigger. You've got the trade on. Let it breathe. Let it do what it's going to do. It might go up a little bit. It might go down a little bit, but just let it breathe. I is isolate your feelings. Write down what am I feeling? How am I feeling right now? And the eye, the isolated feelings, the activity around that is based more about getting your hand off the trigger and more about just letting the trade breathe. Right. Isolating your feelings by you're writing about it. You're journaling about it, and you may never read that again, and that's okay. But it's more about keeping your hand off that darn trigger so you can let the trade breathe. F is focus on your rules. Just let the rules unfold and then close out the trade in whatever way it is. And then why is you take some time for you. In the pre conversation here, we talked about the idea of rest. Sometimes you need to take rest within the course of a day. Sometimes you need to take rest at the end of the day. Sometimes you need to take extended rest in the middle of a week or a month or year. So by engaging with a checklist, something that's structured and focusing on a checklist and people feel free to take my simplified checklist. As you focus on a checklist, you take the activity away from the back of your brain and now you've moved it to the front of your brain where it just becomes perfunctory. I just need to walk down this path and engage with the market in a ways I've already described. And I think this is something that people can put to use right away.</p><p> </p><p>[00:52:52.840] - Agnieszka</p><p>That's awesome.</p><p> </p><p>[00:52:58.970] - Bill</p><p>Within that is another acronym that we can talk about at another time. But that's a good takeaway.</p><p> </p><p>[00:53:06.130] - Agnieszka</p><p>Thank you so much for sharing that. So for anyone who is interested into looking into it and also hear about the twelve principles right. Get the checklist. And there is much more in the book where do people can find it?</p><p> </p><p>[00:53:25.010] - Bill</p><p>So my website is tradingcoachbillpro.com.</p><p> </p><p>[00:53:28.610] - Agnieszka</p><p>All right, we will put the link also in the description.</p><p> </p><p>[00:53:31.530] - Bill</p><p>Oh yeah, or you can email me at coachbillpro@gmail.com. That's coachbillpro@gmail.com. Yeah, reach out to me. I always enjoy talking with people. There are so many things that you can tell. I'm passionate about trading, passionate about the trading world, passionate about I've got no shortage of passion for this business and for helping people in it. Like I said, I am unapologetic that folks in this business. Like I said, my biggest regret was when I was already making a lot of money when training coaches first came out that I didn't hire one. Especially nowadays for people that are just getting in it, find somebody that you connect with. I don't care if it's not me. Find somebody you connect with. One of the things I really love about your program is the idea of accountability that you provide as an aspect of your coaching. There are so many studies now about accountability and how that propels your success in this business or any other. So anyway, all that to say, thank you so much for having me.</p><p> </p><p>[00:54:32.870] - Agnieszka</p><p>Thank you. Absolutely. So people can get your book basically through your website, right?</p><p> </p><p>[00:54:38.200] - Bill</p><p>Right.</p><p> </p><p>[00:54:38.810] - Agnieszka</p><p>It's "Trading With Faith: 12 Biblically Inspired Principles for Trading Success". I'll put the link in the description and well, that brings us to the end of this episode. Thank you Bill, so much for such an interesting conversation.</p><p> </p><p>[00:54:57.480] - Bill</p><p>Thank you.</p><p> </p><p>[00:54:58.340] - Agnieszka</p><p>I really hope that for everyone who listens, you see that you can strengthen your trading performance and achieve success in many different ways just to understand that what really matters is not which way exactly you choose, but that you strongly believe in it. And I think you have seen so much passion from Bill in what he believes in. And I think that is really so important, because the belief and I'm not talking about the faith, but whatever you believe in, whether it is your faith or whether it is some other principles in life, your beliefs is what guides your action. And if you want to achieve success in trading or otherwise in life, anywhere, make sure that your beliefs align with what you want. Thank you so much Bill, for joining us today. I really truly enjoyed this.</p><p> </p><p>[00:56:01.090] - Bill</p><p>Thank you.</p><p> </p><p>[00:56:01.490] - Agnieszka</p><p>Lots of good food for thought that's for sure.</p><p> </p><p>[00:56:06.610] - Bill</p><p>it's an area know people haven't really explored. But I'm grateful that you took the time to speak with me today. I'm really grateful,</p><p> </p><p>[00:56:16.880] - Agnieszka</p><p>Absolutely! I really enjoy having you here and thank you so much for your time coming here and telling your story. Thank you for listening to the Confidence in Trading podcast. If you enjoy my show, please review it and rate it on Apple podcasts and be sure to subscribe so you can come back for a real-life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without looting yourself and your confidence in the process.</p><p> </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 11 Aug 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Bill Provenzano, a seasoned trader who started his journey in 1987 on the vibrant floors of the Chicago Mercantile Exchange (The Merck) shares an inspiring tale of synergizing his Christian faith with his trading and business ventures. Drawing wisdom from biblical principles, delve into the profound connection between meditation, renewing of the mind, and stewardship.</p><p> </p><p><strong>This episode's takeaways:</strong></p><p><i>A holistic approach to trading guided by faith</i></p><p><i>The transformative influence of mentorship in trading</i></p><p><i>Unveiling the potential of faith-based enhancement in trading performance</i></p><p> </p><p><strong>About Bill Provenzano</strong></p><p>Bill Provenzano began his journey into trading as a Runner on the floor of the Chicago Mercantile Exchange, also known as “The Merc”, in 1987. He was just 19 years old. Within three years he became a member of the exchange and traded his account as an Independent Floor Trader in the Eurodollar futures pit. </p><p>Bill’s trading success grew over his nearly 20 years at the Merc. When computerized trading took away the need for floor traders, Bill left the trading floor and went on to build two successful non-trading-related companies. But he continued trading commodity futures electronically and coaching other traders.  </p><p>Bill has a very unique perspective in that he is unapologetic in his belief that his Christian faith plays a vital role in his professional performance. In his book, <i>Trading With Faith</i>; <i>12 Biblically Inspired Principles for Trading Success</i>, he shares the biblical principles he leaned on during his trading career that he believes were instrumental to his success as a trader. Bill and his wife of 25 years enjoy traveling and just celebrated the birth of their first grandchild. </p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p> </p><p><strong>Contact Bill Provenzano:</strong></p><ul><li><strong>Website:</strong> <a href="http://www.tradingcoachbillpro.com">www.tradingcoachbillpro.com</a></li><li><a href="https://a.co/d/ec8c44N">Get Bill’s new  book here https://a.co/d/ec8c44N</a></li></ul><p> </p><p><strong>Transcript:</strong></p><p>[00:00:00.410] - Agnieszka</p><p>Welcome to the Confidence in Trading podcast. I'm Agnieszka Wood. In today's show, I have the pleasure of speaking to Bill Provenzano, who began his trading journey in 1987 as a runner on the floor of the Chicago Mercantile Exchange, or the Merck. He was just 19 years old. After several promotions, Bill realized his goal of becoming a trader and grew his success on the trading floor for nearly 20 years. In a moment, Bill will tell you himself what happened after and what he's up to right now. Bill and I share a passion, and not just for trading, but also for helping other traders on the way to their success. However, Bill has a very unique perspective on what plays an important role in trading performance, an approach that I have never heard of before. And that is what triggered me to invite Bill on my show to talk about it. Welcome to episode number eleven. Can prayer improve your trading? Hi, Bill, welcome and thank you so much for making time to be my guest today.</p><p> </p><p>[00:01:14.420] - Bill</p><p>Thank you so much, Agnieszka. I consider it a pleasure being on your show, your podcast, and I'm an admirer of the work you do in this space.</p><p> </p><p>[00:01:22.330] - Agnieszka</p><p>Thank you so much. I appreciate it. I am so excited about hearing your unique perspective. There are so many different ways to success, but the one you are talking about, and you will share with us in a minute, that is something that I have personally never heard anyone talk about. But before we get into that, could you tell us a little bit about your trading journey? How was it to leave the trading floor after so many years? And did you continue trading after you left?</p><p> </p><p>[00:01:54.970] - Bill</p><p>The answer is, it was a shock and yes and no. So I'll just jump back real quickly if I could, back into the late 1980s when I was first introduced to trading. I was just out of high school. I was in my first year at the local junior college. I fully anticipated going into law school. My father was an attorney, and within my father's law office was another attorney who had a brother who was a trader, and he traded S&P Futures. And my father, one day we met every week and my folks were divorced. But every Saturday, myself and my two brothers got together with my dad. We would work for my dad. We cleaned his office, which I'll talk about, which kind of opened up another world for me later. So we used to clean his office on Saturday mornings, and then we would all go out to breakfast. And as for breakfast, one day, my dad was like, look, there's a guy in our office. His brother, the gentleman's name was Ronnie. The attorney in his office. Ronnie has a brother named Danny. And I don't know what Danny does exactly, but it's something about trading and S&Ps. And I don't know, I think you guys should meet him. Okay? So my brother and I made an appointment to go down to Chicago Mercantile Exchange and meet, meet with Danny. And I never even heard of the Chicago mercantile exchange. I never heard of trading, I never heard of S&Ps, none of it made any sense to me. But we went down to the Merck, and as you're walking up 30 south whacker, that's where I worked for almost 20 years. As you're walking towards the building, there's all these people out in the front with all these jackets, these colorful jackets on, and 80% of them, 90% were smoking, and my brothers and I were not smokers. So we walked through them like, what's all this? What are these guys doing? So you walk in the front doors there at the merck of 30 south whacker, and then you go to the far right, because that's where the visitors gallery was. That's where we needed to meet Danny. We're going to meet him in the visitors gallery. So you take the elevator up to the fourth floor, the doors open, and you turn right. And as you turn right, the trading floors are no more. But back then, you turn right and you just see this wall of glass, and you just hear this sort of dull roar. And as you start walking towards this wall of glass, you see all these colors, these wallboards filled with numbers and words. And then as you're getting closer and closer so to paint the picture even better, the visitors gallery bisected the trading floor. So as you got to the glass of the visitors gallery, if you look down one level, that's where all the trading pits were. And then you can look up another, like one story, and that's where all the wallboards were. We walked up to the glass, and I'm looking at it, there are moments in your life where the trajectory of your life changes. I looked down at that and I said to my brothers, I said, I don't know what they're doing, but I want in. I need to be a part of this. And I'm not someone there are some people who, when they're told no, it's like that feeds them to do that. That's really not my approach is more like if I look at somebody who's doing something and doing it well, the exclusion of that is a professional basketball player, professional athletes. I know I'm never going to be one of those. But if I see somebody and somebody doing something well, I look at them and I say, look. Not in an overconfident kind of way. Look, but look. And I said this to my brothers at the time. I said, look, we're three intelligent guys. No one works harder than us. And we've got some level of street smarts, we've got a good level of book smarts. We're hard workers. There's no way that we can't do what they're doing. And I don't know what they're doing, but it looks like I want to do it too.</p><p> </p><p>[00:05:57.730] - Agnieszka</p><p>But I want a jacket like that.</p><p> </p><p>[00:06:00.050] - Bill</p><p>But I want one of those jackets. So I'm the youngest of three brothers. My oldest brother got a job on the floor as a runner at the beginning of the summer. I was able to get a job at the end of that summer. And this was the summer of, I think it was I was 19. So that would have been the summer of 87, late summer of 87, and I got a job as a runner.</p><p> </p><p>[00:06:24.240] - Agnieszka</p><p>I'm actually not sure what does the runner do?</p><p> </p><p>[00:06:26.430] - Bill</p><p>So back in the day so now imagine when you've got your mouse in your hand and you click an order to buy or sell that's transmitted electronically. Back then. It was you pick up the phone, you call your floor broker on the trading floor, there's just walls and walls of phone banks. And so depending on the company, you're clear trades through, let's say you cleared your trades, know, back in the day was Revco or all the different. So let's say you cleared your trades through Revco. You would call the Revco desk and you would me buy me five S&Ps. The clerk would write that down on an order slip, buy five S&P. Then the price, whether it's a market order, limit order, whatever it might be, hand it to the runner. The runner takes the order and delivers it to the trading pit.</p><p> </p><p>[00:07:11.270] - Agnieszka</p><p>Got ya.</p><p> </p><p>[00:07:11.530] - Bill</p><p>You just in me describing all that. You can see why electronic trading is way more efficient because all of that requires so much labor and time that you can do on a click of a mouse right now. So I started working as a runner, and it wasn't long before I realized, look, I had a mentor later on in life who described it to me like this way. He said when he started work at this one particular job, he looked around, he said he said, who's the highest paid person at this place? This was a mentor of mine was telling me the story. He got a job at I forget where. He said, but he got a job. And he asked the guy that was hiring, who's the highest paid person in here? And the guy pointed to this guy over here. He says, okay, how do I get his job? So when you're working on the trading floor as a know, you're making peanuts, and it doesn't take you long to realize that the traders, the guys in the pit doing the yelling and the screaming, the writing of the cards, they're the ones making the money. And that's what I wanted to do. And then as you're there, like I said, I started at the Merck. So right down the street was Chicago Board of Trade. Chicago Board of Trade traded. They had the treasury bron. Futures was their big contract. They had a lot of the agricultural stuff, the grains at the Merck, we had the meat, so to speak. So we had the live cattle and that, but then we had the currency futures, we had the eurodollar futures, which were short term interest rate futures and the S P futures. But all that to say, as you spend time within this business, whether it's as a runner, whether you just get introduced to trading through your Uncle Jim, whatever it might be, you start getting introduced to different products, and you will just start to just naturally gravitate towards a particular product that you like to trade. For some people, they like to trade stocks or they like to trade penny stocks. Some people like trade tech stocks, some people like to trade options only. So it's in that immersion within the business. As you come in within the business, you will just naturally find sort of where you migrate towards within that business as a runner.</p><p> </p><p>[00:09:21.820] - Agnieszka</p><p>How did you know? Because you were pretty much bringing the orders like you didn't actively trade it. So just like imagine the new trader just steps into the market, also doesn't know what am I gravitating towards?</p><p> </p><p>[00:09:34.700] - Bill</p><p>Yeah, and let's think of it in the same way as someone who just gets introduced to trading today. They just sit down and then in the same way, they're just going to start scratching the surface and learning more. Well, as a runner, I started in the meats, so I was delivering the orders to the live cattle, live hogs, pork belly pits. The only way I can say it is that segment of the market didn't speak to me, so to speak. I was gravitating more towards the interest rate future markets, which were the euro dollars. Euro dollars is sort of a misnomer. Euro dollars are the 30 day interest rate market. And so think of it as very short term interest rates. You got the 30 year bond and then the ten year bond, the five year note and the year dollars. So that's the interest rate spectrum.</p><p> </p><p>[00:10:22.330] - Agnieszka</p><p>Right.</p><p> </p><p>[00:10:22.890] - Bill</p><p>So I just started gravitating towards the year dollars. Well, most because I had a couple of friends that were trading in there. I had a really good friend who I've met day one on the trading floor as a runner. I met him, he was two years ahead of me, sort of on the totem pole, and he was already a desk manager and working his way, knowing that he was going to go into trading as soon as he can. Just sort of because you need some capital. And that's the other thing I want to talk about and I know this conversation can go off in so many different tangents.</p><p> </p><p>[00:10:53.750] - Agnieszka</p><p>I see it. And you know what was really beautiful about this? It is all still so vivid in your memory and as you say while you're talking, you're like literally and of course people who are listening on the podcast. You cannot see it, but you really have it, like, in front of you still. It's just still so alive. It's so beautiful.</p><p> </p><p>[00:11:12.730] - Bill</p><p>Yeah. All that to say, there are two points I wanted to get to. That the story I just told, sort of spoke to. I didn't start trading until 1991. Three full years, right? Three years of immersion in the business. I mean, immersion in the business, learning all different aspects of it, all different nuances of it, before I ever placed a trade. You know, and I know the Internet has decimated the boundaries to get into this business called we call trading. And the people that are migrating into it without any they're going into a deep forest without a guide. And I don't fault them. They just don't know what they don't know. And that's okay. But it's important to find a guide to say, hey, look, I've been there, I've done that. Let me just kind of grab you by the hand and kind of walk you through this to help you not only understand that you need a plan if you're going to trade, but you better have some foundational things in place, too, and that are going to be more because this is a mind game. Trading can mess with your mind in a bad way, and if you don't have some foundational, mind and heart issues resolved and solidified as your base, your foundation, you're going to build your trading business on a faulty platform. That was number one. I wanted to speak to the fact that it used to take years before you would place a trade, and that time period, and it used to take a whole lot of capital before I could ever place a trade on the trading floor. Not only did it take years, I had to take a two week course at the Merck. I had to go in front of the board of governors that has seven person board of governors and be asked all sorts of questions. Once that was approved, I had to be on the trading floor with sort of a guide, a trader who would take you by the hand and walk and take you by the hand is the wrong word, but would be with you for two days and make sure that you've got a sense of what's going on there. And on top of that, you had to put up a back then you had to put up $50,000 with the Merck as a guarantee, like, hey, if you blow out your account, you would have your clearing firm who would process your trades. And then the Chicago Mercantile Exchange is the ultimate processor of the trades. So you had to put up money in your trading account with the company. But then the Merck, they wanted a $50,000 deposit. So in case you blue throat. So there were safeguards. There were so many safeguards and so many gauntlets. You had to go through before you placed a trade. All of those acted as barriers to entry that they're just gone. Those barriers to entry are completely gone.</p><p> </p><p>[00:14:25.380] - Agnieszka</p><p>So you started trading, and you were successful right after all the things you ... Was it, like, immediate?</p><p> </p><p>[00:14:33.890] - Bill</p><p>No, not at all. Not at all. That speaks to grit and sort of the learning curve that you got to go through. The first two years of trading, where I actually traded first initially was someplace called the Mid America Exchange, which was housed within the Chicago Board of. So my success at the the mantra back then was, if you can break even your first year, first year, you're doing great. And that's what I did my first year, I broke even. Second year, I made a little more money, and then that's when I went over to the Chicago Mercantile Exchange, and I started trading euro dollars. And back then, you either had to own or lease a membership known as a seat. So I don't know if that term is even still familiar nowadays. So in order to trade, there was a limited number of seats at the Merck, and every exchange had seats. And so to trade in whatever pit you wanted to trade in, depending on which pit you wanted to trade in, there were three different types of memberships, three different levels of seats. So I signed a six month lease to trade in euro dollars. And after the first month, I called the guy. I said, look, I'm done. I'm just not making enough money. I wasn't losing money, but I wasn't making money, and it wasn't clicking. And so this guy was I remember I just remember this guy. His name richard. He said, Bill, just I'm telling you, Bill, just stick it out. There's something I see something in you. Just stick it out. I think you can do it. So ultimately, I did give him back a seat, but here's, for me, I consider it providence, capital P. Providence. I had signed the seat back to him. Let's say we signed through the end of the month. I said, okay, on the 30th of the month, I'm giving the seat back to you. Well, in that last week of the month, I had a really great week. I thought, okay, there's something here, but now I got to give this guy a seat back. So I had to scramble to find another seat, and that was sort of the turning point that week. I can kind of look back as, okay, something happened here that week where maybe I just kind of caught onto something. And my success wasn't meteoric from there, but I had a good first year. The second year, I doubled my first year. My third year, I doubled my second year. And by year four, five, six, the numbers grew, and there were some within all of that. Going into late 90s, there was a real interest rate contraction. The market short term interest rate market really contracted, and the market was just super slow for a period of time. But all of that to say, overall, there were really good years throughout until we felt the electronic trading was sweeping the landscape. Come 2004, 2005, it's an incredible story.</p><p> </p><p>[00:17:55.080] - Agnieszka</p><p>And I think you're so passionate about it, so it's really great to hear all the details. So you finally achieved a success, and I think that pivotal point from what you're saying, I recognize something that I see also with other traders, that the moment that the pressure is off, traders tend to perform better. So maybe that moment where you said, okay, I'm going to quit this, that's when the pressure was off, and that's where you had this great week.</p><p> </p><p>[00:18:28.130] - Bill</p><p>That's a great observation. That really is. That really is a great observation. And I think another thing to turn that screw a little more, it also helps for those who are just getting into this realm, have other sources of revenue. I had finished college. I was working a couple of jobs. In the evenings, I was living at home, helping my we had my grandmother was living with us, so my mom needed help with that. So it worked out well where I was able to live at home, help out with the bills at the house. I didn't need the trading income at that time. Right. I was 21, 22 years old, living at home. So it's not like I didn't have a lot of overhead. So any pressure you have any 22 year olds? And I hope 22 year olds today feel that same pressure. The pressure like, okay, I need to get active and start my life and get this thing going, whatever this is for them. I certainly felt that need with trading because I had a huge passion for it. I really felt I could be good at it. But there wasn't a crushing need to make money right away. It was more of a desire, of course, who doesn't want to whatever endeavor you're in, presumably you're endeavoring to not just make money, but to perform well.</p><p> </p><p>[00:19:49.630] - Agnieszka</p><p>So what happened after? So then you left the trading floor, and what was the next step?</p><p> </p><p>[00:19:56.380] - Bill</p><p>Yeah. Between 2004 or five, six, seven, I was on and off the trading floor. But I started to see these floods of people coming into this space because I would see all of these Infomercials TV commercials for trading platforms. Because I'm contemplating the shift between going from trading on the trading floor to trading on a computer screen. So as I'm contemplating that shift, I had taken some time, done some deep analysis. If I don't trade anymore, what are some things I want to do? And I listed three things that I wanted to do. Let me talk about a second. But as I was on my way to do those three things, the different three different career paths that I thought would be career number two, I started to see all of these infomercials and all that for different trading. Platforms like trade this platform and you know the commercials I'm talking about where the guy or gals on the golf course or sitting on the beach all the free time for your family. Those commercials, I was incensed when I saw those commercials. That was 2004, 2006, seven, eight, something like that.</p><p> </p><p>[00:21:09.740] - Agnieszka</p><p>Okay. At that time, I had no idea about the market. I have not seen any commercial, and I was in the Netherlands at the time. So keep going.</p><p> </p><p>[00:21:20.170] - Bill</p><p>Yeah, this is about the time know those people that were in software development or whatnot knew, okay, well, here's a new market for us to exploit. And I'm not saying exploit in a negative way. I'm saying what new opportunities, right? Yeah, of course. This thing called trading is going from this open out crisis system where people are yelling and screaming to an electronic platform, and there's going to be a wide market of people who are going to want to learn about and how to do it. I started to explore, okay, do I want to buy a trading system? Do I want to develop my own trading system, whatever it might be. So I started going to some conventions and different day long seminars on different things that had the reality is the most part is a lot of them were sales pitches, right? You sit and you watch. This is how our trading platform works. Look how well it did at picking the highs and the lows. Well, great, we can all do that. And when they start the conference with, hey, everybody, hold your questions off to the very end, that's when you know, like, okay, well, maybe there's a problem with their coming. As someone who's been in the business for, at that time, 1617 years, like, okay, I can see the value in their product, but I can also see how they're pitching it to a room full of people that are. And sure enough, the presentation would end and 810 twelve people go to the back of the room and plunk down $3,000 on the credit card. And I saw this happening time and time again. So I wrote an article, and the article was posted in a Christian magazine with national distribution. And the article was just a cautionary tale. And it was, in essence, like, look, okay, this new world of trading is going to look a lot differently than it did before. The barriers to entry are going to disappear. Anybody that has a laptop or Internet access is going to be able to, in a matter of probably 30 minutes, fill out some application, connect their checking account to it. This is when I really became incensed. I went to A, and I won't mention the name of the company because they're actually very well known in the trading education space where I went to A one day seminar where they talked about this was more about trading education, and they were advising people to trade their IRA money. Like, okay, take your money out of your IRA and put it into your trading account. As soon as I saw that, somebody's got to say something here. I'm 30 some years old, and how am I the adult in the room? So, like I said, I wrote this article, and it was a faith based Christian magazine. It dealt with the financial like a financial magazine for the Christian realm. And it was published in there, and it was a very long article. I've done a lot of writing over the course of my over my life, and it got published. It was such a long article, it had to take two two issues for it to be fully published. And at the end, I said, if you have any questions, contact me at this email address. Almost 200 people contacted me, and they contact me with questions from everything like, hey, I'm exploring trading to I sold my business, and I lost all my money trading. So I saw this. I'm like, what do I do with this? So I just started gathering these emails, and some people included their phone numbers. I started calling them like, okay, tell me your story. And one guy I called one phone call, very vividly. The guy says, I sold my company for just over $300,000, and money's gone. I started trading it. The money's gone. And I thought, oh, wow. And then I heard the story again, and then I heard another story again, and I can tell you, I know personally this isn't theoretical. I personally know traders from the trading floor who had net worth of between five and $10 million who are now broke. And I don't mean like, okay, they are dead broke because they could not give up the ghost of the success they had on the trading floor. They thought it'd be instant on the computer screen, and they could not make that transition. And I'm not being hyperbolic here. So I wrote this cautionary tale, like I said, and just so many people contacted me, and I thought, okay, what do I do with this?</p><p> </p><p>[00:25:53.970] - Agnieszka</p><p>So what did you do with this? Did you started coaching them?</p><p> </p><p>[00:25:57.670] - Bill</p><p>Yeah. So the people that contacted me again, we were all coming from the same position of faith, right? It was a Christian magazine. So these people were positions of faith. We share the same ideology. And so I just sort of did a rear view mirror look of the principles and guidelines I had used throughout the course of my trading career that I believe were sort of guide rails and the tailwind to my success, right? Guide rails that kept me within the right lane and the wind at my back, so to speak. And I did this in a very short period of time, and I put together what I thought was going to be just a long essay. It turned out to be almost a 60 or 70,000 word book that at the time I called it The Ten Biblical Principles for Trading Success. It talked about the ten principles that I felt were, like I said, the guidelines, the guardrails for my success, as well as the tailwind at my back. And then I also wrote about the trading traps, the things that you don't know about, right? The things that you haven't encountered yet, the things you don't know that you dont know.</p><p> </p><p>[00:27:07.550] - Agnieszka</p><p>Is that the book that was just published a few weeks ago?</p><p> </p><p>[00:27:12.170] - Bill</p><p>That was the precursor to that. So I wrote that book, and just real quickly here then I contacted all the people that had contacted me. I said, look, I wrote this book. I'm not going to publish it, but I'll give you the work that I created. And if you want to do, we'll just do like a two week informal course where I'll just sort of walk you through the book and we'll meet 3 hours a night for two weeks in a row. And I'd be happy to just sort of do that for you folks because I think it's important that we do so 2030 people or so in different segments, not all at once. So I just sort of started coaching these folks, and some of the coaching continued beyond that. And so just to sort of put a period to this, once that was done, I put that on the shelf, an electronic shelf, so to speak, because it's an electronic format, because I wanted to explore those three businesses that I had sort of identified early on or when I was leaving the trading floor. I wanted to explore those businesses. And once two of those three businesses, I own multiple rental properties and I own a commercial and residential cleaning company. Why I wanted to it's just getting to know thyself. I just knew that I wanted to own rental real estate, property, and I knew I wanted to own a cleaning company. And so I started these two businesses. I've grown them over the course of the last 1012 years or something like that. And now they're at the point where and I knew about a year ago, I thought throughout the course of the last ten years or so, I knew that book was it was always there. It was calling me. I'm like, I know the time will be right. And about a year ago, it was like, okay, now's the time to get that book back off the shelf, dust it off, reedit it. That's what I did. So I revamped it a bit. And now it's called The Twelve Biblically Inspired Principles for Trading Success. Because I added a couple more. Well, it's called trading with faith. The Twelve Biblically Inspired Principles of Trading Success. I'm reaching back out to folks that are looking to be coached from just like a. Married couple would probably reach out to if their faith and they want to approach counseling from a faith based perspective. I've seen that people within the trading realm want to have somebody that speaks their language, so to speak.</p><p> </p><p>[00:29:47.920] - Agnieszka</p><p>Okay, so let's talk about it a little bit more. But before we do, I want to ask you, so while you were developing those two businesses, right, that's quite a lot on your plate. You were still trading right, for yourself. How did you combine those two?</p><p> </p><p>[00:30:03.490] - Bill</p><p>What I was doing was I was searching for a trading methodology that fit within my new paradigm. Right. So I knew the products that I wanted to trade, commodity futures. Right. That's just sort of my background. So I knew I wanted to trade commodity futures. And specifically, I'm talking about S P futures, Nasdaq futures, gold futures, currency futures, and the know the grain futures. So I knew that was the product that I wanted to trade. But I needed to find a new methodology that was in sync with the fact that I've got two businesses to run. So it took time, and I was taking more time. Just daily looking at the charts, looking for trying to identify my new high probability trades. Right. What are the triggers I'm going to be looking for? The chart generated triggers that I'm going to look for that are going to be my high probability trades. And so each evening and I've been doing this for ten plus years, I would just look at the same 1520 charts and just keep making notes identifying the high probability trades that I'm seeing emerging. And I just kept keeping a catalog of these things, or growing and growing catalog of these things. And then about a year ago, I started actively trading again. But the methodology which I trade now is I'm only placing between two and five trades a month. I'm not looking to actively scalp the market. I'm not necessarily looking for intraday trades, even though sometimes they might happen. So that's an important thing for people to hear. Find the methodology that works within your current paradigm. Right. Most people have a nine to five, and they're not going to just walk away. I would advise them, don't walk away from your nine to five, but find a method trading methodology that fits within your paradigm and nurture it, develop it, study it, and just come to know it better than anything else.</p><p> </p><p>[00:32:14.510] - Agnieszka</p><p>Yeah. Because at some point, once you do that and this way kind of organically integrated into your life, it is so much easier to make the transition. When you notice that you start making money, the transition is much more organic and easier. There is no push, no stress, no mass. I have to make it. It just all disturbs. And I think it is with everything in life like that, the more organic, you let the things happen. Maybe not even I take the word organic out because the more you let things happen by itself and don't push too much, things are kind of being taken care of, if that makes sense. At least that's how I experience in my life and it just makes sort of effortless action.</p><p> </p><p>[00:33:10.510] - Bill</p><p>Yeah, and that makes total sense. And that can happen best in an environment where you don't need to make money trading. Where you want to make money trading. Right, right. If you put yourself in a position of need, what you just described becomes a whole lot more difficult to unfold.</p><p> </p><p>[00:33:27.050] - Agnieszka</p><p>I totally understand. I've been there because I was one of the people who have done exactly what you were describing and I cut myself off of the income that I had and decided to be a day trader. So I did go, I have chosen the difficult path.</p><p> </p><p>[00:33:44.390] - Bill</p><p>Yeah. Well, the difficult path seems to be the one that has the most lessons on it.</p><p> </p><p>[00:33:48.990] - Agnieszka</p><p>That's true, that's true.</p><p> </p><p>[00:33:50.240] - Bill</p><p>There's something good in all of that.</p><p> </p><p>[00:33:52.280] - Agnieszka</p><p>Yeah. And so I discovered later on that was the path, it wasn't the path of the least resistance that I used to choose in my life, but the other way around. I have changed it. And I must say my life became much easier now and I actually achieve much more with that and move forward much quicker. So that's very interesting. So what I am really keen to hear from you because you're talking about the biblical principles and how your faith helped you to achieve success. Can you tell me more about it? Because I actually grew up as a Catholic, so I am very interested in how did you even made that connection. </p><p> </p><p>[00:34:34.500] - Bill</p><p>Ye so, just to touch on what you said. So it was the Apostle Paul that said the fruit of the spirit. You mentioned multiple fruits, but three of them are peace, patience and self control. You couldn't name three more important characteristics for success in trading and success in relationships, success in all areas of life. And so I didn't believe that my faith should come off the shelf one Sunday a month or one Sunday a week for a couple of hours and then be put back on the shelf. There was a gentleman named Larry Burkett who wrote a book years ago, and I'm talking about late 80s, early 1990s, a book called Business by the Book and the book capital B, the Bible. So he was the first one that I discovered sort of made this connection of, look, our faith, our Christian faith, it's not just for the pastors and the priests. We as people in the business world, we have the mandate of stewardship of our time, talent and treasure. And we also have, like I talked about, I remember I said you've got the guardrails and the wind at your back. So the Apostle Paul wrote, be transformed by the renewing of your mind. So going back to when I was just starting college, I started this thing, a morning routine, and I became more disciplined as I grew older, but a morning routine that included just time in prayer and Bible reading. And as I entered into trading and I came across Larry Briquette's book, Business by the Book, I thought I sort of realized, yes, this is what I'm looking for. It's not exactly what I'm looking for, but it's this recognition that my Christian faith, it's not just for Sunday mornings. It can come with me to work, and it can have within it these guidelines. Like I said, I'm going to read some of the verses that were really important to me. And they're just the kernel that we can expound upon. But be transformed by the renewing of your mind. Take every thought captive. That's from the Bible, the Old Testament, and even the New Testament time and again refers to meditation. One of the very first Bible verses I memorized was Psalm one, one through three. And it talks about the prosperous man or woman is the one and prosperous. I'm not the prosperity preacher, right? Prosperity is peace. Prosperity is financial. Prosperity is internal peace. Prosperity is not just for the material realm. It's for all your relational realm. And people get when you get that out of skewed, it creates all sorts of problems. But the prosperous man is the one who meditates on the word of God. And Psalm one, it talks about that very explicitly. Some other verses that I think were really interesting that I held onto was when I was in beginning of my business. If you look at going back to an Old Testament verse, Leviticus, it talks about when you enter into a new land. Remember, this is an agrarian society back then. Right. These are people that grew crops and raised livestock, and that was their currency. Right. That was their business. Right. And spices, that was the currency of the day. And one of these verses that I read that I really held onto that sort of gave me hope was when you enter the land and plant any kind of fruit tree, regard its fruit as forbidden for three years, you are to consider forbidden. It must not be eaten. So for three years, plant your vineyards, plant your trees, and for three years, don't touch the fruit of your trees. Let it grow. Well, what a great, like full of metaphors, right? Yeah. What a great lesson for any business. Right. Even when I started my cleaning company and my rental property business, especially in trading, because in trading, anybody who's watched Shark Tank knows the term scale. You want to scale your business. The way you scale in trading is to add more size to your positions. Well, the only way you can add more size to your positions is if you have more money in your account.</p><p> </p><p>[00:38:57.020] - Agnieszka</p><p>That's right.</p><p> </p><p>[00:38:57.680] - Bill</p><p>And in order to do that, it's hands off. Leave your hands off that money and if you can let it grow for three years, great. And I would even say give it five years, because the first couple of years is going to be education. The market is going to extract tuition. Right? The market needs its tuition. Yeah.</p><p> </p><p>[00:39:21.940] - Agnieszka</p><p>And that's what's often forgotten, right, the tuition. It's like, whatever new career or whatever new thing you learn, you have to pay for it. And that's a lot of time. It's forgotten that just becoming a trader is a very costly education. I'm not talking about paying the actual education, but the on the job training because of the losses, which are basically investment in your business. But that is something that a lot of time is forgotten. Definitely.</p><p> </p><p>[00:39:54.590] - Bill</p><p>I am unapologetic in my belief, especially today, because as I look back on my trading career, there were no trading coaches. I started seeing the emergence of three trading coaches back right around the late 1990s, and I can there was Brett Dr. Brett I can't think of his last name. There was a gal, and then there was Doug Hirschhorn. Those that are in the trading realm might know who Doug Hirschhorn is. Doug Hirschhorn was a floor trader. He played Division One baseball, I believe, and he was one of the first people entering this trading coaching space. Now, late 1990s, I'm already having a fantastic career. As I sit here, I can look back and say, I can tell you my single biggest regret as a trader was not hiring a trading coach. And I'm telling you that's someone who was making seven figures a year on several years is saying that because I knew that I could perform even better. I knew that I was good and getting better. And as I look back when I first met Doug Hershhorn again, this idea of a trading coach was completely new to me. And I had met he goes by Doctor. I had met him, and he was just beginning his career as a coach. And at the time, he was $5,000. He was $5,000 to hire as a coach. I thought, wow, that seems like a kind of a steep price tag. And I didn't disregard him as Tiger Woods has a swing coach. His swing coach doesn't play professional golf. The fact that he wasn't a professional trader didn't matter to me. Yeah, I wanted someone who could pull a better performance out of me and why I didn't pull the trigger and hire him at the time, because now he's 25,000, 30,000 minimum. But looking back on my career, that is my single biggest regret, is that I didn't hire a trading coach even when I was having very good success. So I say that because we were talking about tuition a little while ago. The market is going to extract tuition from you. It will. The question is, can you minimize the tuition you pay while maximizing the benefit that you learn? And I am unapologetic that a trading coach, one that you connect with. Just like if you're going to a counselor, just like if you're hiring a coach for yourself, a golf coach, or your children's athletics, find one that you jive well with. Like I said, in my world, those that we speak the same language, so to speak, we're coming from the same position of faith, that we're not afraid to incorporate the tenets of our faith within that. In the course of writing that first book, I was doing, just digging, digging, doing research, I came across a gentleman named Dr. Derek de la Pena, and he wrote a book called Sports Psychology and the Scriptures. And it was the first book I finally came across, like, whoa, there is somebody else out there who's speaking the same language now. He was speaking to athletes. And I've long held the position that there are so many ways to equate traders with athletes. Specifically, the best corollary I have is a trader is like a batter at the plate. There are so many corollaries to that batter standing at the plate right there's, pitches coming at you. Each one of those pitches represents a trading opportunity. Each swing represents an initiation of contact with the market. There are so many corollaries to the two that I was so excited. So I got that book. I tracked this guy down, Dr. Derek Phil Pena. And he and I have had conversations ever since. So I'm like, finally there's somebody who's speaking the language that I'm trying to talk about. And this field of incorporating your faith, there are so many studies being done right now in the context of how does prayer, one's faith, their belief system? People forgive me for the way I'm about to say this because I'm going to use the wrong word. How can that be used to better your trading performance? I think of it better as how do we steward the talents and treasures we've been given to maximize the opportunities we have before us? Like I said, we are stewards of our time, talent and treasure. And that's whether you are an accountant, a trader, or a plumber, you have time and you have talents and you have treasure. You are a steward of those things. I would want someone who recognizes that as part of the belief system to work with. There's all sorts of studies being done that incorporate faith and performance.</p><p> </p><p>[00:45:20.870] - Agnieszka</p><p>Yeah, I think whether it's trading or any other performance, that has to do with a high degree of mental performance, as in sport, like, let's say golf, for example. Yes, you have to train your muscle memory and a certain swing, and that is the physical part. But the mental part is so much bigger because we know that if we don't keep our thoughts in rain, then they can take off, gain momentum, and take us places where we don't want to be. And I think whether it's prayer or meditation, as you say, because there are different ways to quiet your mind. And I personally meditate, which I find incredibly effective just in taking a distance, to take a distance from things and give it a minute. Whether it's trading, whether you are conversing with someone, whether you're making any decision in life that gives so much more peace inside, where you can actually take a moment right, where you don't feel pushed like, oh, I have. To make a decision where you don't feel rushed to take a trade because you know that it's enough opportunities out there and you always have to act in your best interest and that moment and that quiet mind really helps you to do that. That is how I at least experienced that. And from the article you have sent me, that's kind of confirmed by the research, right? That when you are meditating or praying that your focus or the signals in your brain actually go to more the rational area, the frontal front of your brain, which helps you make more rational decisions and not stay in your emotional zone. Right. I think there was this phrase used, it helps you to stay in the zone. And isn't that what every trader wants?</p><p> </p><p>[00:47:38.050] - Bill</p><p>I'm so glad you brought that up, because that article I sent you, the observation that you just made was one of the biggest surprises that I came across. I fully anticipated. So if you're listening and you're able to if you touch the back of your head, that's the back of your head is the fight or flight, the emotional area, that's where when emotions are high. If you were to attach electrodes to your head right now and you were to be in a highly emotional state, that's the area of your head that would light up. I was shocked to read, and I thought in prayer that that would be the area that would light up. Well, it turns out no, it's actually the frontal lobe. So if you touch, like, just above your eyes where your temples are, that's where you make executive decisions. That's where you make rational decisions. That's where you follow checklists. That's where things get accomplished in a very perfunctory way. Prayer lights up that part of the brain which totally shocked me. One of the things that I talked about with students a while back and that I want to talk about now with folks that I come across is the goal of trading without emotions, I think is a misnomer. I view emotions as a God given gift, right? When you close out a good trade, you want to enjoy it, you want to relish in it. And if you trade without emotion or temperature, I think that's a misnomer. I think a better way to say it is when you trade, you want to light up the part of your brain that is in the executive function and not in the emotional state. So if you're in an emotional state, and you're trading. The best way to move that activity, brain activity, to the front of your brain, is through some sort of checklist. Atul gawande wrote a book called the checklist manifesto. It's a great book. It's a very entertaining read. Talks about the power of checklists. So I created a checklist based on the acronym simplify. Simplify your trading. I wrote an article about it. It got posted in a whole bunch of online forms years ago, simplified. So as you're emotional, as you find yourself, let me set a scenario. So here's the scenario. You've got a trade set up coming on your screen, and it's a high probability trade, one that's worked well for you in the past, but the last two or three have gone south. Now you're seeing it unfold again. You're like, back of the brain is lit up. Do I really want to engage with this if I've lost the last two or three? The best way to overcome that, to light up a different part of your brain, is to engage with the market in a checklist kind of way. So I created the simplified checklist. So s you're scanning your charts. I you're identifying your high probability trade. M you're mapping out that trade. What's my entry point? What's my exit point? What's my risk reward ratio? What's my stop loss? What's my objective? First objective, et cetera. P is pull the trigger. And I've got a whole conversation around how to pull the trigger even within that state. L is let it breathe. Whenever I say, that the phrase let it breathe. When I was in the trading pit, you didn't have many friends in the trading pit. I'll just say that right now, right? You can be friends outside of the trading pit. When you got in the trading pit, you weren't friends. But there was one guy, he and I still get together a few times a year for coffee if I had kind of a big position on. And he saw I was kind of excited and I was bidding or offering heavy in the market, he would just turn to me, bill, let it breathe. Let it breathe. He's like, just calm down. Let this trade do its thing. So I always get a chuckle out of the l portion of let it breathe. So you pulled the trigger. You've got the trade on. Let it breathe. Let it do what it's going to do. It might go up a little bit. It might go down a little bit, but just let it breathe. I is isolate your feelings. Write down what am I feeling? How am I feeling right now? And the eye, the isolated feelings, the activity around that is based more about getting your hand off the trigger and more about just letting the trade breathe. Right. Isolating your feelings by you're writing about it. You're journaling about it, and you may never read that again, and that's okay. But it's more about keeping your hand off that darn trigger so you can let the trade breathe. F is focus on your rules. Just let the rules unfold and then close out the trade in whatever way it is. And then why is you take some time for you. In the pre conversation here, we talked about the idea of rest. Sometimes you need to take rest within the course of a day. Sometimes you need to take rest at the end of the day. Sometimes you need to take extended rest in the middle of a week or a month or year. So by engaging with a checklist, something that's structured and focusing on a checklist and people feel free to take my simplified checklist. As you focus on a checklist, you take the activity away from the back of your brain and now you've moved it to the front of your brain where it just becomes perfunctory. I just need to walk down this path and engage with the market in a ways I've already described. And I think this is something that people can put to use right away.</p><p> </p><p>[00:52:52.840] - Agnieszka</p><p>That's awesome.</p><p> </p><p>[00:52:58.970] - Bill</p><p>Within that is another acronym that we can talk about at another time. But that's a good takeaway.</p><p> </p><p>[00:53:06.130] - Agnieszka</p><p>Thank you so much for sharing that. So for anyone who is interested into looking into it and also hear about the twelve principles right. Get the checklist. And there is much more in the book where do people can find it?</p><p> </p><p>[00:53:25.010] - Bill</p><p>So my website is tradingcoachbillpro.com.</p><p> </p><p>[00:53:28.610] - Agnieszka</p><p>All right, we will put the link also in the description.</p><p> </p><p>[00:53:31.530] - Bill</p><p>Oh yeah, or you can email me at coachbillpro@gmail.com. That's coachbillpro@gmail.com. Yeah, reach out to me. I always enjoy talking with people. There are so many things that you can tell. I'm passionate about trading, passionate about the trading world, passionate about I've got no shortage of passion for this business and for helping people in it. Like I said, I am unapologetic that folks in this business. Like I said, my biggest regret was when I was already making a lot of money when training coaches first came out that I didn't hire one. Especially nowadays for people that are just getting in it, find somebody that you connect with. I don't care if it's not me. Find somebody you connect with. One of the things I really love about your program is the idea of accountability that you provide as an aspect of your coaching. There are so many studies now about accountability and how that propels your success in this business or any other. So anyway, all that to say, thank you so much for having me.</p><p> </p><p>[00:54:32.870] - Agnieszka</p><p>Thank you. Absolutely. So people can get your book basically through your website, right?</p><p> </p><p>[00:54:38.200] - Bill</p><p>Right.</p><p> </p><p>[00:54:38.810] - Agnieszka</p><p>It's "Trading With Faith: 12 Biblically Inspired Principles for Trading Success". I'll put the link in the description and well, that brings us to the end of this episode. Thank you Bill, so much for such an interesting conversation.</p><p> </p><p>[00:54:57.480] - Bill</p><p>Thank you.</p><p> </p><p>[00:54:58.340] - Agnieszka</p><p>I really hope that for everyone who listens, you see that you can strengthen your trading performance and achieve success in many different ways just to understand that what really matters is not which way exactly you choose, but that you strongly believe in it. And I think you have seen so much passion from Bill in what he believes in. And I think that is really so important, because the belief and I'm not talking about the faith, but whatever you believe in, whether it is your faith or whether it is some other principles in life, your beliefs is what guides your action. And if you want to achieve success in trading or otherwise in life, anywhere, make sure that your beliefs align with what you want. Thank you so much Bill, for joining us today. I really truly enjoyed this.</p><p> </p><p>[00:56:01.090] - Bill</p><p>Thank you.</p><p> </p><p>[00:56:01.490] - Agnieszka</p><p>Lots of good food for thought that's for sure.</p><p> </p><p>[00:56:06.610] - Bill</p><p>it's an area know people haven't really explored. But I'm grateful that you took the time to speak with me today. I'm really grateful,</p><p> </p><p>[00:56:16.880] - Agnieszka</p><p>Absolutely! I really enjoy having you here and thank you so much for your time coming here and telling your story. Thank you for listening to the Confidence in Trading podcast. If you enjoy my show, please review it and rate it on Apple podcasts and be sure to subscribe so you can come back for a real-life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without looting yourself and your confidence in the process.</p><p> </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="52726013" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/17d19db8-25e7-4e2e-b822-17ae75bc0458/audio/8f65cda5-b1bd-48a8-8c6d-5c575d9eb8ff/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Can Prayer Improve Your Trading?</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:54:55</itunes:duration>
      <itunes:summary>In this episode, Bill Provenzano, a seasoned trader who started his journey back in 1987 on the Chicago Mercantile Exchange (The Merck) shares an inspiring tale of synergizing his Christian faith with his trading and business ventures. </itunes:summary>
      <itunes:subtitle>In this episode, Bill Provenzano, a seasoned trader who started his journey back in 1987 on the Chicago Mercantile Exchange (The Merck) shares an inspiring tale of synergizing his Christian faith with his trading and business ventures. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>11</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">6f522ce3-43d3-411c-a931-1668ce09a5c3</guid>
      <title>Trading Across Borders</title>
      <description><![CDATA[<p>A lot of traders dream about trading and traveling the world as trading brings a lot of freedom. But is this really laying with a laptop on the beach with a tropical drink?</p><p>In this episode of The Confidence in Trading Podcast, we dive into the exciting world of trading while traveling with our guest, Peter Vandiver, a trader who dared to break the boundaries of conventional trading.</p><p>Peter’s traveled from his home country, the USA, through Europe, Asia, and even down under in Australia. And now from the other part of the globe, he will humorously dispel all the myths of trading and traveling for us and share his perspective on how it really looks.</p><p>Get valuable insights on how to prepare for trading in different time zones, tips for trading on the go, and factors to consider when choosing your destinations. Plus, find out whether internet connectivity and varying market conditions pose any challenges.</p><p>So, buckle up and prepare for an exhilarating ride as we venture into the world of global trading!</p><p> </p><p><strong>About Peter Vandiver</strong></p><p>Peter Vandiver is a day trader from Charleston, South Carolina. He’s been dedicated full time to trading for 2 years now, with about 5 years of experience trading. Prior to trading full time, Peter spent about 10 years working for tech companies building products. Some of those products were for traders and investors, and it’s possible the trading systems you use today may have been worked on by Peter. He’s also an avid traveler, who is half way through a trip around the world, currently in Tbilisi, Georgia. He’s also a writer and a fitness junkie.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>[00:00:04.170] - Agnieszka</p><p>Welcome back to another episode of Confidence in Trading, the podcast where we deep dive into different perspectives to help you navigate through this fascinating but challenging world of trading. I am your host, Agnieszka Wood, and today we have a special story to share with you. Join us as we embark on a captivating journey with a trader who has taken his trading to a global level. Welcome to episode Trading Across Borders. Today my guest is Peter Vandiver. Hi, Peter, welcome to my show!</p><p>[00:00:37.880] - Peter</p><p>Hello. Thank you for having me.</p><p>[00:00:40.110] - Agnieszka</p><p>Peter, you have been trading since five years, but full-time since two. And prior to trading, you worked for technical companies and you were building products, which some of them were for traders and investors, is that right?</p><p>[00:00:55.520] - Peter</p><p>Yeah, that's right. So I was working for a couple of different tech companies and sort of like tech adjacent companies, I guess you could say, some of them in the trading and investing space. And I worked on some of the teams that evolved the systems and products that people use to trade. So, yeah, you might use one, maybe. Depends on what platform you're on.</p><p>[00:01:17.690] - Agnieszka</p><p>That's cool. That's really cool. I am so excited to have you here today because you are currently doing what many people, who are getting into trading have been dreaming of for years, that is, trading while traveling the world. And you are originally from Charleston, South Carolina, but that's not where you are currently, correct? Can you tell us where you are and how did that come about?</p><p>[00:01:43.810] - Peter</p><p>Yeah, that's right. So currently I'm in Tbilisi, Georgia, which for those who are not up to step on their geography, it's sort of between Russia and Turkey near the Black Sea. Yeah. I've been traveling for, I think it's three months now. Prior to this, I was in Australia and Bali and spent a little bit of time in Dubai. Decided to kind of just pick up things and travel for a while. Kind of got bored of just like, trading in my house, more or less, so wanted to mix it up. I've done a lot of traveling through my life, COVID happened, didn't do any traveling and so now that I don't have. A regular day job, I just kind of decided to commit and get as much in as I could. It's been pretty eye opening to travel and trade. I think people often think of the bubble they're in when they're trading and how if they change little things about their environment, it impacts their trading. But it's intense when you pick up all your stuff and move it halfway around the world for a month, try to trade somewhere else.</p><p>[00:02:57.130] - Agnieszka</p><p>I cannot even imagine what impact it has on trading because for me, even if I change my daily routine at home, right, if for some reason, I don't know, I will go to a party and then get up later than normal and just kind of mix up my morning routine. I can already see the impact on how I feel and then how I stand in front of my computer. So changing completely your whole rhythm, your time zones, your environment, and not being in your own having your own setup and everything. It's even hard to imagine how that influences you. But we'll talk about it more in details before we get there. I actually have a question about at what point did you think, okay, now it's time to do it? Because many traders have this idea I want to travel, but then they are not consistent yet, and they think like, okay, I first have to make it. I have to first be successful in order to actually make that step. Was it also for you or you thought, you know what, this is what I always wanted to do and I'm just going to do it.</p><p>[00:04:05.090] - Peter</p><p>Yeah. I think you have to weigh your financial circumstance first if trading is your primary stream of income and you don't have much of a cushion, then I think traveling could incur some costs that would definitely impact your thought processes while you're trading. I think I'm lucky in regards to having an alternate revenue stream that provides enough to make traveling. I can't buy champagne when I go out to the restaurants, but I can cover some of the expenses so that allows me to commit to. Traveling without being a successful trader. I'm still not, I'd say to the point where I'm making the kind of money I want to make from trading, I'd say I'm consistently flat trader. Yeah, so it wasn't hard for me to pull the trigger, but a lot of it had to do with the fact that I already had financial cushion and have a revenue stream alternative to trading.</p><p>[00:05:08.710] - Agnieszka</p><p>Okay, so alternative sources of income. I hear this coming back a lot with traders who are still building their career to successful trading, that it is really important. And from the mindset perspective, it is so key to have some other income, especially when you start, when you try to build your consistency so that you don't have that pressure of I have to pay my bills. And was that always your dream to trade and travel? Because you trade for a living for two years now. Did you always think about it or was it just more I like traveling and trading is something what I do.</p><p>[00:05:46.770] - Peter</p><p>Yeah. I think it's more of the second. I love to travel. Trading is something that happens a lot in my life. I don't think I'll be a permanent traveler. I think if you had to say I love something, I love not being tied down to anything, which takes the shape of traveling around a lot and seeking things like trading as a means of income. Yeah.</p><p>[00:06:10.150] - Agnieszka</p><p>And a day trading. Right. You're also not tied up to something for too long.</p><p>[00:06:15.130] - Peter</p><p>Yeah. Don't bring that swing stuff in. I don't want any of that.</p><p>[00:06:20.570] - Agnieszka</p><p>Is it not being bound for too long, or is it the immediate reward? Which one?</p><p>[00:06:26.970] - Peter</p><p>I don't know. We'll have to consult my mother. I think at this point, I'm not entirely sure.</p><p>[00:06:34.590] - Agnieszka</p><p>Okay, I hear some backstory there, but let's keep focus on traveling. So is the reality the way you have pictured it? Sometimes you see people trading at the pool and being on the beach and relaxing, chilling in a hammock and trading. Is this how you experience traveling and trading?</p><p>[00:07:01.180] - Peter</p><p>No, I'm pretty sure those people are just like trying to create a facade. To click on their Instagram story. I still need a quiet environment where I can focus that's absolute. And then during the week, I don't do a whole lot of vacation related activities. I'll go to a museum here or there, go meet someone for dinner but I'm not going out and partying. I'm still trying to keep my mind. Quick witted for when I do trade for a couple of hours in the evenings. And that has proved me well. I think initially the changes that come with a new environment impacted me pretty intensely. But I've been through a couple moves I guess you could say, and they don't really impact me as much. And I'm starting to wonder if that has created some type of resilience in me. I've noticed it in other kind of problems, area problem areas that I track that have dissipated a bit in recent months. So I'm wondering if maybe shaking things up, making my bubble, shifting my bubble and forcing me to go through that practice has, in a way, made me. Kind of get past a sensitivity I had. I would say I probably was more on the sensitive end. If you were to rank traders on how sensitive they are to environmental changes. I was probably very sensitive, I'd say I'm probably less sensitive, obviously now. And I think that's probably showing through. It's kind of hard to say exactly what causes the changes, the outcomes in your trading, but I think that's playing a role.</p><p>[00:08:46.190] - Agnieszka</p><p>So you build kind of immunity to changing the environment and different factors impacting how you feel.</p><p>[00:08:53.190] - Peter</p><p>Right, I think so.</p><p>[00:08:56.890] - Agnieszka</p><p>That's interesting. One thing that we talk about how the travel influences your trading, and now you're saying, I travel and I don't do much like the travel related stuff, like the like if you go to a different location, of course you want to see as much as possible, especially if you fly all the way to Australia. And I think you've been to Bali as well, right? So does actually trading influences your travel? Did you imagine your travel to look like that? Or did you think, like, oh, I will see so much of the country, and now you're kind of thinking, if I do that, then my trading is going to suffer.</p><p>[00:09:40.730] - Peter</p><p>Well, so trading is my priority. The travel is great, and I'm lucky to have the opportunity, but for me trading is the priority. So that means on a day where I'm trading, that's going to dictate the activities for that day. Doesn't mean I don't like, go outside, but I'm going to get good sleep, I'm going to get some exercise, I'm going to eat well. I'm going to do some reading, maybe some meditation review trades. Right. The standard day where I trade, and that's the priority. And where space is available, I slide in which there's plenty of I slide in all sorts of activities. I go visit various places, try to meet up with people, see the sites. </p><p>[00:10:28.910] - Agnieszka</p><p>Okey, yeah. Because otherwise why would you travel? Right. If you would just stay home, then you can stay just home and do that, right? Yeah.</p><p>[00:10:38.430] - Peter</p><p>I mean, you're still only trading like a couple of hours a day, so there's still plenty of time. It's just a matter of what activities you pick and which ones are going to impact your trading negatively.</p><p>[00:10:48.470] - Agnieszka</p><p>So for our listeners, you're trading futures and options, is that correct?</p><p>[00:10:55.090] - Peter</p><p>Yes.</p><p>[00:10:56.470] - Agnieszka</p><p>So what kind of challenges did you encounter when you moved to the other side of the Earth in terms of the time zone? Because I think you actually had to switch your strategy. Right? Did you ever even think about it, that this will be the case?</p><p>[00:11:15.050] - Peter</p><p>No. So before I left, I was trading futures of the US Indices during regular market hours as well as options on stocks during regular market hours. Obviously, if I go to Australia, I can't trade stocks because the stock market is closed while I am awake, but the futures markets are open. So I spent some time running through data back testing. My strategy against overnight sessions, early morning sessions for futures, and the setup that I primarily focus on worked is there I did not do enough back testing over different market regimes. So an issue I ran into was volatility kind of got sucked out of the market mid-spring if you pull up an S&P 500 chart and, you can see there's a string of days in there where pretty tight average daily range. Right. And so that impacted how well my setup worked, even in the overnight sessions. So it was tougher than I was expecting. I was expecting there to be less setups, I'd have to be more patient, which I think actually had some other effects on me that were positive in. The long run, but ultimately things just were harder and it really just comes back to not doing enough back testing. And I wish I had somehow found a way to simulate trading in those overnight sessions before I went to prepare, because the way the candles move, the way the price moves is just different. I didn't realize how reliant I was on spastic. Movements of price to indicate a potential change is coming, or like a violent movement of a candle where someone's probably placing massive orders on the tape right. As those being kind of things. Maybe they were kind of like in the background of my head. I wasn't truly aware of them as being key to my setup reading. And now they kind of are. Now I can articulate them because I took them away and was going, oh my God, what's wrong here?</p><p>[00:13:28.370] - Agnieszka</p><p>Yeah, what's wrong with the market?</p><p>[00:13:30.290] - Peter</p><p>Right.</p><p>[00:13:32.550] - Agnieszka</p><p>So you were talking about switching your strategy, but also when you switched the time zone, how did it affected you personally, physically? Were you as effective and efficient and did you feel the same way when you were trading?</p><p>[00:13:48.830] - Peter</p><p>You know, once I got past the massive jet lag that you experienced from flying from the US to Australia. Which took a while. I did feel pretty normal though. Trading in the evenings is different than trading in the morning. I think it took a while for me to get used to that. I don't have as much of attention span in the evening as I do during the day.</p><p>[00:14:15.490] - Agnieszka</p><p>Did you know that about?</p><p>[00:14:17.190] - Peter</p><p>No, no, I had no idea. And then I think also just not like knowing what's going on, what the big moves are happening without just checking Twitter or whatever to the news. Right. Not being as tapped into that had. Some sort of residual effect on my confidence. I don't think it actually had any material effect on my trading, but it was something I was used to. So it just made me feel like. I wasn't aware of where the market was at.</p><p>[00:14:49.840] - Agnieszka</p><p>Like you were out of the loop..</p><p>[00:14:52.140] - Peter</p><p>Right.</p><p>[00:14:52.880] - Agnieszka</p><p>Any other challenges that you encountered while you were overseas? Like maybe, let's say the technical setup. Normally you have your desk, you have your chair, and now suddenly you are in a rented apartment or a hotel and you have your laptop. I think I can imagine you taking an extra screen or something.</p><p>[00:15:12.900] - Peter</p><p>Yeah, so I have a laptop and then I fly with like a smaller screen that I can plug in that hopefully doesn't get busted up by the airline crews who moved the luggage around. But so far it's working. It's got a little crack in it move, but it still works. So fingers crossed it'll make it the rest of the way. Yeah. So that's less screens from what I was trading before so I had to kind of mix up just like what my setup was. For monitoring price action while I trade, which hasn't been as challenging as I was expecting. That's been pretty straightforward. I think one thing that came to light is I was expecting it to be easier to trade other assets from other countries. So I had done research, done some backtesting, analyzed other major Indices, the Hang Seng, the DAX, the FTSE, and was more or less ready to trade those. But it's not as easy to get hooked up to trade as it is in the States. The brokerages are far more expensive elsewhere as well as the volatility is just not as good. And I think the takeaway there is I just didn't realize how much better just trading is in the US. It's just a better environment all around.</p><p>[00:16:41.330] - Agnieszka</p><p>Speaking of better and something what I think we take for granted, how was your internet connection?</p><p>[00:16:47.810] - Peter</p><p>Oh yeah, forgot about that. That was a big one in Bali. It was crazy. It would just stop. There would just be no internet or no cell phone for like 3 hours. Just spontaneously it would just stop. Yeah, that happened a number of times. Luckily, never while I had a trade on did things cut out. But there were times where I was like, I don't know if I should be trading right now. The data is not refreshing very quickly. So yeah, that was a little hairy. But that was definitely the worst of it. Outside of that, haven't had internet issues.</p><p>[00:17:26.110] - Agnieszka</p><p>Okay.</p><p>[00:17:26.830] - Peter</p><p>Something to watch out for if you're going to travel, for sure.</p><p>[00:17:29.380] - Agnieszka</p><p>Yeah. And now you are in Euroasia, actually on the border in the country. Is that a little bit easier because now you are closer to the US. So also different times. Do you notice any difference in your trading results since you moved from Asia?</p><p>[00:17:48.600] - Peter</p><p>Yeah, so once I moved from Asia to Georgia, Georgia puts me close enough to the US. To where I can at least trade the morning hours for the US. Market. So I'm back to trading regular volatility. And yeah, my stats went way back up immediately. Once I started trading these normal.Sessions again, it was kind of wild. Like, oh my gosh, I forgot trading was this fun and easy. This is why I liked trading to begin with, right? Yeah, it was eye opening.</p><p>[00:18:25.330] - Agnieszka</p><p>So many traders want to travel and trade. I hear it constantly. It's one of the biggest goals. Right? I want to have freedom and I want to travel the world and trade. Were you able to keep your regular routine in the traveling sense? Because I put a lot of focus on the routine in your trading to make sure that you have consistency in your routine because that builds discipline and discipline gives you consistent results. How was impact on your routine while traveling?</p><p>[00:19:00.760] - Peter</p><p>Yeah, so routine obviously shifted quite a bit, but I'm pretty adamant about a couple, I guess facets of my day no matter what I'm doing, which is getting good sleep, getting some meditation, eating healthy, eating well and getting ample exercise. And so no matter where I go, that's always going to be a part of it. And as long as I can kind of try to fit them together so everything works smoothly for the day and I have some time to relax before I trade, it kind of works out pretty smoothly. I think if I didn't have that, if I couldn't figure that out. When I got to a new place, I think things would be pretty ugly. But I've been lucky enough.</p><p>[00:19:43.840] - Agnieszka</p><p>Did you plan on that before? Did you on purpose choose places where you thought, okay, I need a place that will be close to the gym or park, where I can walk, et cetera.</p><p>[00:19:55.640] - Peter</p><p>Yeah, absolutely. That's usually what I'm looking for, is an area that's not too expensive, where there's a gym, I can find good food. I can cook some meals myself. There's some green space nearby. Try to find a place that's not too loud. Yeah, I think that has made a big difference if it wasn't for that, things would be difficult.</p><p>[00:20:18.760] - Agnieszka</p><p>Okay. And one more thing I wanted to ask you is about the social life, because life of a trader is pretty lonely, and unless you have friends that you can talk about trading, it's pretty much you. And maybe some chat rooms that you can hang out with other traders to share your experience. While you were on the trip, going through all these challenges, did you find anyone that you could talk to about it? Or were you, like, calling friends from home or maybe you found some friends that were asking you on the trip, what are you doing? And you're like, I'm traveling and trading. Living the dream.</p><p>[00:21:03.830] - Peter</p><p>Yeah. It's funny you bring that up because one of the people I've been spending some time with here in Georgia is a crypto trader but is wild we have very different ways of trading, and I'm not going to be taking any of his advice, though he seems to be doing pretty well. So yeah you never know you're going to run into for sure when you're traveling. That's funny. Outside of him, I haven't run into other traders. It has been easy to meet people. I'm shocked at how many people are similar to me. They're just, like, traveling around, even, like people who are a little bit older, not like backpackers in college.</p><p>[00:21:51.840] - Agnieszka</p><p>Right.</p><p>[00:21:52.850] - Peter</p><p>There's a lot, and everybody just wants to meet up, get a coffee, go for a walk, grab dinner. It's pretty easy.</p><p>[00:21:58.890] - Agnieszka</p><p>That's cool. So a lot of people are traveling and trading, or they are also doing other things while traveling.</p><p>[00:22:09.290] - Peter</p><p>I don't know where the traders are. I mean, I see them on Twitter, right? They all know the Lambo by the cappuccino spot in Rome, but I haven't seen that guy yet.</p><p>[00:22:21.630] - Agnieszka</p><p>Are you going to Rome eventually? Maybe you meet them!</p><p>[00:22:25.870] - Peter</p><p>Yeah, there's a chance.</p><p>[00:22:30.190] - Agnieszka</p><p>So can you tell us a little bit about where are you with your trading? I'm asking because if you had a chance to start this global journey all over, would you do anything differently? Do you feel it was a good moment for you to do this trip in terms of where you are with trading?</p><p>[00:22:50.150] - Peter</p><p>I think if you had asked me that a month ago, I would have said, bad idea. But now that I've had some more time to progress as I've been traveling. I think it was a very good idea. I think definitely damaged my stats for a little bit. But now I can kind of see that things my practice has changed a little bit because of the traveling. And when you just shake things up, you discover all sorts of weird stuff. I think a good example for me that is pretty obvious to most trade or they could relate to is a problem I used to have is like blow ups, is I would trade really well for like, two weeks, three weeks and then one day, just wasn't trading well. Just couldn't get synced with the market and would place a bunch of bad trades. And you look at the record over three weeks like, well, it's not a big deal, but didn't matter. It would shake my confidence so much that I wouldn't be able to trade for a whole week, right? It would throw me for such a loop. And those have kind of gone away. And I think there's two reasons one is shaking my bubble up, so having the environment shift and having to change the environment over and over and over again. But then also a lot of analysis, self analysis about how I'm thinking, how I'm feeling when those days occur, before those days occur, showed me that it had a lot to do with being tired or my system was too revved up. And so I would force trades a lot on the market. And I found another way to measure this, as opposed to just like trying to guess whether I'm in a good headspace or not. And I did it because I was playing this stupid little chess app on my phone while I was flying from the US. To Australia, where clearly my mental ability was, like, decreasing as the flight, the 17 hours flight went longer and longer, and I could see I could compete with worse and worse. I was losing to worse and worse chess bots. Like, oh, I'm going to start playing. I'll play a quick game of chess before I trade, see where I'm at.</p><p>[00:24:57.140] - Agnieszka</p><p>Oh, wow.</p><p>[00:24:58.670] - Peter</p><p>And I could be like, I'm in that state where I'm going to place bad trades. So that's where I started. I was like, all right, I need to chill out. I need to go for a walk, take a break, or maybe not trade today, right? And that had an impact. And then the next crazy thing happened is I would be playing chess and be like, I'm in that bad space. And then I could force myself to think better while I was playing chess and get myself out of the thinking process. And so now I just play chess before I trade. And it's like a game changer. It's weird, but I never would have discovered that. I would have just stayed at home and kept thinking, well, I just have these days I need to deal with them. I would have never stumbled across this weird little pattern to potentially get out of it.</p><p>[00:25:41.070] - Agnieszka</p><p>That's so cool. That's so interesting. You see how sometimes we think maybe it's something random, but then it has a purpose and then it serves us to our advantage. This is really cool. So when you said you are able to get yourself into a different headspace, is it like by doing something or just by changing your thoughts?</p><p>[00:26:03.370] - Peter</p><p>I think it's because when I'm playing the chess app, I can see me making bad decisions more clearly. They take my queen and I'm angry. So then I make a bad move after, it's more visual, it's more obvious and be like, stop doing I can get mad at myself. Stop doing that. Start over. And if I do that enough times, it can kick me out of this lazy, exhausted thinking cycle, which I believe is what is ultimately causing those blow up days.</p><p>[00:26:36.910] - Agnieszka</p><p>So basically you do kind of a pattern interruption doing that and then put yourself on a different path.</p><p>[00:26:44.620] - Peter</p><p>I think that's what it's like. The chess is like, you see more granular actions that you're taking, whereas with trading, it's like sometimes you get rewarded for bad behavior, you get punished for good behavior, and that can make it difficult to really see what's going on and that confusing feedback cycle is always on.</p><p>[00:27:02.150] - Agnieszka</p><p>Got you. Yeah. Plus, in trading, you can always talk some things well to yourself. Right. Especially if you get saved. It's like, okay, yeah, it's fine, it's fine. So this became part of your process now that you play chess every time before you trade.</p><p>[00:27:17.470] - Peter</p><p>Yeah, I just pick up the app. And in the 20 minutes where I'm kind of just relaxing, looking at charts before the market opens, I'll play a couple of games of chess, see where I'm at mentally. And if I'm really losing the bots that I normally compete with, I'll make, sure I can at least get a good game in. And if I'm concerned about the decisions. I'm making, like I'm being vengeful against the bots, if they beat me and I start making really stupid decisions, then I know something's up and that's when I have to take a step back and assess and try to get myself out of that.</p><p>[00:27:55.640] - Agnieszka</p><p>Guys, this is a really cool idea and if any of you like playing chess, maybe worth trying. Who knows, right?</p><p>[00:28:05.290] - Peter</p><p>Yeah.</p><p>[00:28:05.800] - Agnieszka</p><p>Is there anything else that you could share with us that you think would be helpful to know or maybe how to prepare before people will venture on a trip? Like that something that you wish you would have done before you went on a trip.</p><p>[00:28:29.410] - Peter</p><p>I think if you're going to be trading in a different time zone where you're trading different assets or different sessions, try to find a way to trade those before you go just so you really back testing is not the same as live trading. I think you got a live trade. That was a big mistake I made. Hopefully others can avoid it.</p><p>[00:28:54.430] - Agnieszka</p><p>All right, cool. And what's the next stop of your trip and how long are you still going to travel for?</p><p>[00:29:02.590] - Peter</p><p>Yeah, I'll be in Athens starting this weekend for it's probably going to be a month. There's a chance I'll venture down to the islands as well. Still not sure about that. And then after that, either southern coast of Italy or Barcelona, I'm not sure yet.</p><p>[00:29:25.620] - Agnieszka</p><p>Very nice.</p><p>[00:29:26.300] - Peter</p><p>And then I think I'll be in europe probably through early fall to mid fall, and then I need to come back to the States for a wedding. And then maybe to Mexico for a little while. Not sure yet.</p><p>[00:29:43.530] - Agnieszka</p><p>Oh, wow, that's quite a round trip. So it will be almost a year because when did you leave?</p><p>[00:29:52.590] - Peter</p><p>It'll probably be like eight or nine months when I make it back to the States.</p><p>[00:29:56.830] - Agnieszka</p><p>Wow, very cool. While you're in Greece and you consider some islands, I highly recommend Corfu. It's a really beautiful, very small island, but it's really nice. A lot of movies recorded there, very picturesque.</p><p>[00:30:14.730] - Peter</p><p>I will check it out.</p><p>[00:30:15.900] - Agnieszka</p><p>Well, that brings us to the end of this episode and thank you so much, Peter, for joining us and sharing your experience. I'm sure that your story has answered a lot of questions that many traders that are dreaming of trading from all over the world might have been asking themselves. Remember, be careful what you wish for. Sometimes what you imagine and expect does not turn out exactly as you thought it would. So always be prepared. And as trading as a business, before you start thinking about conducting your business from elsewhere, make sure that you know it is possible and that you have all the tools and everything in the right place so that your business will not suffer and that you also can thrive and enjoy the process. Thank you again, Peter, for your time today and I wish you a great continuation of your journey and of course, a lovely summer in Europe.</p><p>[00:31:19.430] - Peter</p><p>Thanks for having me. That was fun!</p><p>[00:31:21.480] - Agnieszka</p><p>Thank you for listening to the Confidence in Trading podcast. If you enjoy my show, please rate it, review it on Apple podcasts and be sure to subscribe so you can come back for real life conversation in the next episode. Until then, this is from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 28 Jul 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>A lot of traders dream about trading and traveling the world as trading brings a lot of freedom. But is this really laying with a laptop on the beach with a tropical drink?</p><p>In this episode of The Confidence in Trading Podcast, we dive into the exciting world of trading while traveling with our guest, Peter Vandiver, a trader who dared to break the boundaries of conventional trading.</p><p>Peter’s traveled from his home country, the USA, through Europe, Asia, and even down under in Australia. And now from the other part of the globe, he will humorously dispel all the myths of trading and traveling for us and share his perspective on how it really looks.</p><p>Get valuable insights on how to prepare for trading in different time zones, tips for trading on the go, and factors to consider when choosing your destinations. Plus, find out whether internet connectivity and varying market conditions pose any challenges.</p><p>So, buckle up and prepare for an exhilarating ride as we venture into the world of global trading!</p><p> </p><p><strong>About Peter Vandiver</strong></p><p>Peter Vandiver is a day trader from Charleston, South Carolina. He’s been dedicated full time to trading for 2 years now, with about 5 years of experience trading. Prior to trading full time, Peter spent about 10 years working for tech companies building products. Some of those products were for traders and investors, and it’s possible the trading systems you use today may have been worked on by Peter. He’s also an avid traveler, who is half way through a trip around the world, currently in Tbilisi, Georgia. He’s also a writer and a fitness junkie.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>[00:00:04.170] - Agnieszka</p><p>Welcome back to another episode of Confidence in Trading, the podcast where we deep dive into different perspectives to help you navigate through this fascinating but challenging world of trading. I am your host, Agnieszka Wood, and today we have a special story to share with you. Join us as we embark on a captivating journey with a trader who has taken his trading to a global level. Welcome to episode Trading Across Borders. Today my guest is Peter Vandiver. Hi, Peter, welcome to my show!</p><p>[00:00:37.880] - Peter</p><p>Hello. Thank you for having me.</p><p>[00:00:40.110] - Agnieszka</p><p>Peter, you have been trading since five years, but full-time since two. And prior to trading, you worked for technical companies and you were building products, which some of them were for traders and investors, is that right?</p><p>[00:00:55.520] - Peter</p><p>Yeah, that's right. So I was working for a couple of different tech companies and sort of like tech adjacent companies, I guess you could say, some of them in the trading and investing space. And I worked on some of the teams that evolved the systems and products that people use to trade. So, yeah, you might use one, maybe. Depends on what platform you're on.</p><p>[00:01:17.690] - Agnieszka</p><p>That's cool. That's really cool. I am so excited to have you here today because you are currently doing what many people, who are getting into trading have been dreaming of for years, that is, trading while traveling the world. And you are originally from Charleston, South Carolina, but that's not where you are currently, correct? Can you tell us where you are and how did that come about?</p><p>[00:01:43.810] - Peter</p><p>Yeah, that's right. So currently I'm in Tbilisi, Georgia, which for those who are not up to step on their geography, it's sort of between Russia and Turkey near the Black Sea. Yeah. I've been traveling for, I think it's three months now. Prior to this, I was in Australia and Bali and spent a little bit of time in Dubai. Decided to kind of just pick up things and travel for a while. Kind of got bored of just like, trading in my house, more or less, so wanted to mix it up. I've done a lot of traveling through my life, COVID happened, didn't do any traveling and so now that I don't have. A regular day job, I just kind of decided to commit and get as much in as I could. It's been pretty eye opening to travel and trade. I think people often think of the bubble they're in when they're trading and how if they change little things about their environment, it impacts their trading. But it's intense when you pick up all your stuff and move it halfway around the world for a month, try to trade somewhere else.</p><p>[00:02:57.130] - Agnieszka</p><p>I cannot even imagine what impact it has on trading because for me, even if I change my daily routine at home, right, if for some reason, I don't know, I will go to a party and then get up later than normal and just kind of mix up my morning routine. I can already see the impact on how I feel and then how I stand in front of my computer. So changing completely your whole rhythm, your time zones, your environment, and not being in your own having your own setup and everything. It's even hard to imagine how that influences you. But we'll talk about it more in details before we get there. I actually have a question about at what point did you think, okay, now it's time to do it? Because many traders have this idea I want to travel, but then they are not consistent yet, and they think like, okay, I first have to make it. I have to first be successful in order to actually make that step. Was it also for you or you thought, you know what, this is what I always wanted to do and I'm just going to do it.</p><p>[00:04:05.090] - Peter</p><p>Yeah. I think you have to weigh your financial circumstance first if trading is your primary stream of income and you don't have much of a cushion, then I think traveling could incur some costs that would definitely impact your thought processes while you're trading. I think I'm lucky in regards to having an alternate revenue stream that provides enough to make traveling. I can't buy champagne when I go out to the restaurants, but I can cover some of the expenses so that allows me to commit to. Traveling without being a successful trader. I'm still not, I'd say to the point where I'm making the kind of money I want to make from trading, I'd say I'm consistently flat trader. Yeah, so it wasn't hard for me to pull the trigger, but a lot of it had to do with the fact that I already had financial cushion and have a revenue stream alternative to trading.</p><p>[00:05:08.710] - Agnieszka</p><p>Okay, so alternative sources of income. I hear this coming back a lot with traders who are still building their career to successful trading, that it is really important. And from the mindset perspective, it is so key to have some other income, especially when you start, when you try to build your consistency so that you don't have that pressure of I have to pay my bills. And was that always your dream to trade and travel? Because you trade for a living for two years now. Did you always think about it or was it just more I like traveling and trading is something what I do.</p><p>[00:05:46.770] - Peter</p><p>Yeah. I think it's more of the second. I love to travel. Trading is something that happens a lot in my life. I don't think I'll be a permanent traveler. I think if you had to say I love something, I love not being tied down to anything, which takes the shape of traveling around a lot and seeking things like trading as a means of income. Yeah.</p><p>[00:06:10.150] - Agnieszka</p><p>And a day trading. Right. You're also not tied up to something for too long.</p><p>[00:06:15.130] - Peter</p><p>Yeah. Don't bring that swing stuff in. I don't want any of that.</p><p>[00:06:20.570] - Agnieszka</p><p>Is it not being bound for too long, or is it the immediate reward? Which one?</p><p>[00:06:26.970] - Peter</p><p>I don't know. We'll have to consult my mother. I think at this point, I'm not entirely sure.</p><p>[00:06:34.590] - Agnieszka</p><p>Okay, I hear some backstory there, but let's keep focus on traveling. So is the reality the way you have pictured it? Sometimes you see people trading at the pool and being on the beach and relaxing, chilling in a hammock and trading. Is this how you experience traveling and trading?</p><p>[00:07:01.180] - Peter</p><p>No, I'm pretty sure those people are just like trying to create a facade. To click on their Instagram story. I still need a quiet environment where I can focus that's absolute. And then during the week, I don't do a whole lot of vacation related activities. I'll go to a museum here or there, go meet someone for dinner but I'm not going out and partying. I'm still trying to keep my mind. Quick witted for when I do trade for a couple of hours in the evenings. And that has proved me well. I think initially the changes that come with a new environment impacted me pretty intensely. But I've been through a couple moves I guess you could say, and they don't really impact me as much. And I'm starting to wonder if that has created some type of resilience in me. I've noticed it in other kind of problems, area problem areas that I track that have dissipated a bit in recent months. So I'm wondering if maybe shaking things up, making my bubble, shifting my bubble and forcing me to go through that practice has, in a way, made me. Kind of get past a sensitivity I had. I would say I probably was more on the sensitive end. If you were to rank traders on how sensitive they are to environmental changes. I was probably very sensitive, I'd say I'm probably less sensitive, obviously now. And I think that's probably showing through. It's kind of hard to say exactly what causes the changes, the outcomes in your trading, but I think that's playing a role.</p><p>[00:08:46.190] - Agnieszka</p><p>So you build kind of immunity to changing the environment and different factors impacting how you feel.</p><p>[00:08:53.190] - Peter</p><p>Right, I think so.</p><p>[00:08:56.890] - Agnieszka</p><p>That's interesting. One thing that we talk about how the travel influences your trading, and now you're saying, I travel and I don't do much like the travel related stuff, like the like if you go to a different location, of course you want to see as much as possible, especially if you fly all the way to Australia. And I think you've been to Bali as well, right? So does actually trading influences your travel? Did you imagine your travel to look like that? Or did you think, like, oh, I will see so much of the country, and now you're kind of thinking, if I do that, then my trading is going to suffer.</p><p>[00:09:40.730] - Peter</p><p>Well, so trading is my priority. The travel is great, and I'm lucky to have the opportunity, but for me trading is the priority. So that means on a day where I'm trading, that's going to dictate the activities for that day. Doesn't mean I don't like, go outside, but I'm going to get good sleep, I'm going to get some exercise, I'm going to eat well. I'm going to do some reading, maybe some meditation review trades. Right. The standard day where I trade, and that's the priority. And where space is available, I slide in which there's plenty of I slide in all sorts of activities. I go visit various places, try to meet up with people, see the sites. </p><p>[00:10:28.910] - Agnieszka</p><p>Okey, yeah. Because otherwise why would you travel? Right. If you would just stay home, then you can stay just home and do that, right? Yeah.</p><p>[00:10:38.430] - Peter</p><p>I mean, you're still only trading like a couple of hours a day, so there's still plenty of time. It's just a matter of what activities you pick and which ones are going to impact your trading negatively.</p><p>[00:10:48.470] - Agnieszka</p><p>So for our listeners, you're trading futures and options, is that correct?</p><p>[00:10:55.090] - Peter</p><p>Yes.</p><p>[00:10:56.470] - Agnieszka</p><p>So what kind of challenges did you encounter when you moved to the other side of the Earth in terms of the time zone? Because I think you actually had to switch your strategy. Right? Did you ever even think about it, that this will be the case?</p><p>[00:11:15.050] - Peter</p><p>No. So before I left, I was trading futures of the US Indices during regular market hours as well as options on stocks during regular market hours. Obviously, if I go to Australia, I can't trade stocks because the stock market is closed while I am awake, but the futures markets are open. So I spent some time running through data back testing. My strategy against overnight sessions, early morning sessions for futures, and the setup that I primarily focus on worked is there I did not do enough back testing over different market regimes. So an issue I ran into was volatility kind of got sucked out of the market mid-spring if you pull up an S&P 500 chart and, you can see there's a string of days in there where pretty tight average daily range. Right. And so that impacted how well my setup worked, even in the overnight sessions. So it was tougher than I was expecting. I was expecting there to be less setups, I'd have to be more patient, which I think actually had some other effects on me that were positive in. The long run, but ultimately things just were harder and it really just comes back to not doing enough back testing. And I wish I had somehow found a way to simulate trading in those overnight sessions before I went to prepare, because the way the candles move, the way the price moves is just different. I didn't realize how reliant I was on spastic. Movements of price to indicate a potential change is coming, or like a violent movement of a candle where someone's probably placing massive orders on the tape right. As those being kind of things. Maybe they were kind of like in the background of my head. I wasn't truly aware of them as being key to my setup reading. And now they kind of are. Now I can articulate them because I took them away and was going, oh my God, what's wrong here?</p><p>[00:13:28.370] - Agnieszka</p><p>Yeah, what's wrong with the market?</p><p>[00:13:30.290] - Peter</p><p>Right.</p><p>[00:13:32.550] - Agnieszka</p><p>So you were talking about switching your strategy, but also when you switched the time zone, how did it affected you personally, physically? Were you as effective and efficient and did you feel the same way when you were trading?</p><p>[00:13:48.830] - Peter</p><p>You know, once I got past the massive jet lag that you experienced from flying from the US to Australia. Which took a while. I did feel pretty normal though. Trading in the evenings is different than trading in the morning. I think it took a while for me to get used to that. I don't have as much of attention span in the evening as I do during the day.</p><p>[00:14:15.490] - Agnieszka</p><p>Did you know that about?</p><p>[00:14:17.190] - Peter</p><p>No, no, I had no idea. And then I think also just not like knowing what's going on, what the big moves are happening without just checking Twitter or whatever to the news. Right. Not being as tapped into that had. Some sort of residual effect on my confidence. I don't think it actually had any material effect on my trading, but it was something I was used to. So it just made me feel like. I wasn't aware of where the market was at.</p><p>[00:14:49.840] - Agnieszka</p><p>Like you were out of the loop..</p><p>[00:14:52.140] - Peter</p><p>Right.</p><p>[00:14:52.880] - Agnieszka</p><p>Any other challenges that you encountered while you were overseas? Like maybe, let's say the technical setup. Normally you have your desk, you have your chair, and now suddenly you are in a rented apartment or a hotel and you have your laptop. I think I can imagine you taking an extra screen or something.</p><p>[00:15:12.900] - Peter</p><p>Yeah, so I have a laptop and then I fly with like a smaller screen that I can plug in that hopefully doesn't get busted up by the airline crews who moved the luggage around. But so far it's working. It's got a little crack in it move, but it still works. So fingers crossed it'll make it the rest of the way. Yeah. So that's less screens from what I was trading before so I had to kind of mix up just like what my setup was. For monitoring price action while I trade, which hasn't been as challenging as I was expecting. That's been pretty straightforward. I think one thing that came to light is I was expecting it to be easier to trade other assets from other countries. So I had done research, done some backtesting, analyzed other major Indices, the Hang Seng, the DAX, the FTSE, and was more or less ready to trade those. But it's not as easy to get hooked up to trade as it is in the States. The brokerages are far more expensive elsewhere as well as the volatility is just not as good. And I think the takeaway there is I just didn't realize how much better just trading is in the US. It's just a better environment all around.</p><p>[00:16:41.330] - Agnieszka</p><p>Speaking of better and something what I think we take for granted, how was your internet connection?</p><p>[00:16:47.810] - Peter</p><p>Oh yeah, forgot about that. That was a big one in Bali. It was crazy. It would just stop. There would just be no internet or no cell phone for like 3 hours. Just spontaneously it would just stop. Yeah, that happened a number of times. Luckily, never while I had a trade on did things cut out. But there were times where I was like, I don't know if I should be trading right now. The data is not refreshing very quickly. So yeah, that was a little hairy. But that was definitely the worst of it. Outside of that, haven't had internet issues.</p><p>[00:17:26.110] - Agnieszka</p><p>Okay.</p><p>[00:17:26.830] - Peter</p><p>Something to watch out for if you're going to travel, for sure.</p><p>[00:17:29.380] - Agnieszka</p><p>Yeah. And now you are in Euroasia, actually on the border in the country. Is that a little bit easier because now you are closer to the US. So also different times. Do you notice any difference in your trading results since you moved from Asia?</p><p>[00:17:48.600] - Peter</p><p>Yeah, so once I moved from Asia to Georgia, Georgia puts me close enough to the US. To where I can at least trade the morning hours for the US. Market. So I'm back to trading regular volatility. And yeah, my stats went way back up immediately. Once I started trading these normal.Sessions again, it was kind of wild. Like, oh my gosh, I forgot trading was this fun and easy. This is why I liked trading to begin with, right? Yeah, it was eye opening.</p><p>[00:18:25.330] - Agnieszka</p><p>So many traders want to travel and trade. I hear it constantly. It's one of the biggest goals. Right? I want to have freedom and I want to travel the world and trade. Were you able to keep your regular routine in the traveling sense? Because I put a lot of focus on the routine in your trading to make sure that you have consistency in your routine because that builds discipline and discipline gives you consistent results. How was impact on your routine while traveling?</p><p>[00:19:00.760] - Peter</p><p>Yeah, so routine obviously shifted quite a bit, but I'm pretty adamant about a couple, I guess facets of my day no matter what I'm doing, which is getting good sleep, getting some meditation, eating healthy, eating well and getting ample exercise. And so no matter where I go, that's always going to be a part of it. And as long as I can kind of try to fit them together so everything works smoothly for the day and I have some time to relax before I trade, it kind of works out pretty smoothly. I think if I didn't have that, if I couldn't figure that out. When I got to a new place, I think things would be pretty ugly. But I've been lucky enough.</p><p>[00:19:43.840] - Agnieszka</p><p>Did you plan on that before? Did you on purpose choose places where you thought, okay, I need a place that will be close to the gym or park, where I can walk, et cetera.</p><p>[00:19:55.640] - Peter</p><p>Yeah, absolutely. That's usually what I'm looking for, is an area that's not too expensive, where there's a gym, I can find good food. I can cook some meals myself. There's some green space nearby. Try to find a place that's not too loud. Yeah, I think that has made a big difference if it wasn't for that, things would be difficult.</p><p>[00:20:18.760] - Agnieszka</p><p>Okay. And one more thing I wanted to ask you is about the social life, because life of a trader is pretty lonely, and unless you have friends that you can talk about trading, it's pretty much you. And maybe some chat rooms that you can hang out with other traders to share your experience. While you were on the trip, going through all these challenges, did you find anyone that you could talk to about it? Or were you, like, calling friends from home or maybe you found some friends that were asking you on the trip, what are you doing? And you're like, I'm traveling and trading. Living the dream.</p><p>[00:21:03.830] - Peter</p><p>Yeah. It's funny you bring that up because one of the people I've been spending some time with here in Georgia is a crypto trader but is wild we have very different ways of trading, and I'm not going to be taking any of his advice, though he seems to be doing pretty well. So yeah you never know you're going to run into for sure when you're traveling. That's funny. Outside of him, I haven't run into other traders. It has been easy to meet people. I'm shocked at how many people are similar to me. They're just, like, traveling around, even, like people who are a little bit older, not like backpackers in college.</p><p>[00:21:51.840] - Agnieszka</p><p>Right.</p><p>[00:21:52.850] - Peter</p><p>There's a lot, and everybody just wants to meet up, get a coffee, go for a walk, grab dinner. It's pretty easy.</p><p>[00:21:58.890] - Agnieszka</p><p>That's cool. So a lot of people are traveling and trading, or they are also doing other things while traveling.</p><p>[00:22:09.290] - Peter</p><p>I don't know where the traders are. I mean, I see them on Twitter, right? They all know the Lambo by the cappuccino spot in Rome, but I haven't seen that guy yet.</p><p>[00:22:21.630] - Agnieszka</p><p>Are you going to Rome eventually? Maybe you meet them!</p><p>[00:22:25.870] - Peter</p><p>Yeah, there's a chance.</p><p>[00:22:30.190] - Agnieszka</p><p>So can you tell us a little bit about where are you with your trading? I'm asking because if you had a chance to start this global journey all over, would you do anything differently? Do you feel it was a good moment for you to do this trip in terms of where you are with trading?</p><p>[00:22:50.150] - Peter</p><p>I think if you had asked me that a month ago, I would have said, bad idea. But now that I've had some more time to progress as I've been traveling. I think it was a very good idea. I think definitely damaged my stats for a little bit. But now I can kind of see that things my practice has changed a little bit because of the traveling. And when you just shake things up, you discover all sorts of weird stuff. I think a good example for me that is pretty obvious to most trade or they could relate to is a problem I used to have is like blow ups, is I would trade really well for like, two weeks, three weeks and then one day, just wasn't trading well. Just couldn't get synced with the market and would place a bunch of bad trades. And you look at the record over three weeks like, well, it's not a big deal, but didn't matter. It would shake my confidence so much that I wouldn't be able to trade for a whole week, right? It would throw me for such a loop. And those have kind of gone away. And I think there's two reasons one is shaking my bubble up, so having the environment shift and having to change the environment over and over and over again. But then also a lot of analysis, self analysis about how I'm thinking, how I'm feeling when those days occur, before those days occur, showed me that it had a lot to do with being tired or my system was too revved up. And so I would force trades a lot on the market. And I found another way to measure this, as opposed to just like trying to guess whether I'm in a good headspace or not. And I did it because I was playing this stupid little chess app on my phone while I was flying from the US. To Australia, where clearly my mental ability was, like, decreasing as the flight, the 17 hours flight went longer and longer, and I could see I could compete with worse and worse. I was losing to worse and worse chess bots. Like, oh, I'm going to start playing. I'll play a quick game of chess before I trade, see where I'm at.</p><p>[00:24:57.140] - Agnieszka</p><p>Oh, wow.</p><p>[00:24:58.670] - Peter</p><p>And I could be like, I'm in that state where I'm going to place bad trades. So that's where I started. I was like, all right, I need to chill out. I need to go for a walk, take a break, or maybe not trade today, right? And that had an impact. And then the next crazy thing happened is I would be playing chess and be like, I'm in that bad space. And then I could force myself to think better while I was playing chess and get myself out of the thinking process. And so now I just play chess before I trade. And it's like a game changer. It's weird, but I never would have discovered that. I would have just stayed at home and kept thinking, well, I just have these days I need to deal with them. I would have never stumbled across this weird little pattern to potentially get out of it.</p><p>[00:25:41.070] - Agnieszka</p><p>That's so cool. That's so interesting. You see how sometimes we think maybe it's something random, but then it has a purpose and then it serves us to our advantage. This is really cool. So when you said you are able to get yourself into a different headspace, is it like by doing something or just by changing your thoughts?</p><p>[00:26:03.370] - Peter</p><p>I think it's because when I'm playing the chess app, I can see me making bad decisions more clearly. They take my queen and I'm angry. So then I make a bad move after, it's more visual, it's more obvious and be like, stop doing I can get mad at myself. Stop doing that. Start over. And if I do that enough times, it can kick me out of this lazy, exhausted thinking cycle, which I believe is what is ultimately causing those blow up days.</p><p>[00:26:36.910] - Agnieszka</p><p>So basically you do kind of a pattern interruption doing that and then put yourself on a different path.</p><p>[00:26:44.620] - Peter</p><p>I think that's what it's like. The chess is like, you see more granular actions that you're taking, whereas with trading, it's like sometimes you get rewarded for bad behavior, you get punished for good behavior, and that can make it difficult to really see what's going on and that confusing feedback cycle is always on.</p><p>[00:27:02.150] - Agnieszka</p><p>Got you. Yeah. Plus, in trading, you can always talk some things well to yourself. Right. Especially if you get saved. It's like, okay, yeah, it's fine, it's fine. So this became part of your process now that you play chess every time before you trade.</p><p>[00:27:17.470] - Peter</p><p>Yeah, I just pick up the app. And in the 20 minutes where I'm kind of just relaxing, looking at charts before the market opens, I'll play a couple of games of chess, see where I'm at mentally. And if I'm really losing the bots that I normally compete with, I'll make, sure I can at least get a good game in. And if I'm concerned about the decisions. I'm making, like I'm being vengeful against the bots, if they beat me and I start making really stupid decisions, then I know something's up and that's when I have to take a step back and assess and try to get myself out of that.</p><p>[00:27:55.640] - Agnieszka</p><p>Guys, this is a really cool idea and if any of you like playing chess, maybe worth trying. Who knows, right?</p><p>[00:28:05.290] - Peter</p><p>Yeah.</p><p>[00:28:05.800] - Agnieszka</p><p>Is there anything else that you could share with us that you think would be helpful to know or maybe how to prepare before people will venture on a trip? Like that something that you wish you would have done before you went on a trip.</p><p>[00:28:29.410] - Peter</p><p>I think if you're going to be trading in a different time zone where you're trading different assets or different sessions, try to find a way to trade those before you go just so you really back testing is not the same as live trading. I think you got a live trade. That was a big mistake I made. Hopefully others can avoid it.</p><p>[00:28:54.430] - Agnieszka</p><p>All right, cool. And what's the next stop of your trip and how long are you still going to travel for?</p><p>[00:29:02.590] - Peter</p><p>Yeah, I'll be in Athens starting this weekend for it's probably going to be a month. There's a chance I'll venture down to the islands as well. Still not sure about that. And then after that, either southern coast of Italy or Barcelona, I'm not sure yet.</p><p>[00:29:25.620] - Agnieszka</p><p>Very nice.</p><p>[00:29:26.300] - Peter</p><p>And then I think I'll be in europe probably through early fall to mid fall, and then I need to come back to the States for a wedding. And then maybe to Mexico for a little while. Not sure yet.</p><p>[00:29:43.530] - Agnieszka</p><p>Oh, wow, that's quite a round trip. So it will be almost a year because when did you leave?</p><p>[00:29:52.590] - Peter</p><p>It'll probably be like eight or nine months when I make it back to the States.</p><p>[00:29:56.830] - Agnieszka</p><p>Wow, very cool. While you're in Greece and you consider some islands, I highly recommend Corfu. It's a really beautiful, very small island, but it's really nice. A lot of movies recorded there, very picturesque.</p><p>[00:30:14.730] - Peter</p><p>I will check it out.</p><p>[00:30:15.900] - Agnieszka</p><p>Well, that brings us to the end of this episode and thank you so much, Peter, for joining us and sharing your experience. I'm sure that your story has answered a lot of questions that many traders that are dreaming of trading from all over the world might have been asking themselves. Remember, be careful what you wish for. Sometimes what you imagine and expect does not turn out exactly as you thought it would. So always be prepared. And as trading as a business, before you start thinking about conducting your business from elsewhere, make sure that you know it is possible and that you have all the tools and everything in the right place so that your business will not suffer and that you also can thrive and enjoy the process. Thank you again, Peter, for your time today and I wish you a great continuation of your journey and of course, a lovely summer in Europe.</p><p>[00:31:19.430] - Peter</p><p>Thanks for having me. That was fun!</p><p>[00:31:21.480] - Agnieszka</p><p>Thank you for listening to the Confidence in Trading podcast. If you enjoy my show, please rate it, review it on Apple podcasts and be sure to subscribe so you can come back for real life conversation in the next episode. Until then, this is from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="30605941" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/f88fe592-595f-483c-897b-3c761abe5563/audio/abbbc0e8-72df-471b-a377-d795a4490343/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trading Across Borders</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:31:52</itunes:duration>
      <itunes:summary>A lot of traders dream about trading and traveling the world as trading brings a lot of freedom. But is this really laying with a laptop on the beach with a tropical drink?
In this episode of The Confidence in Trading Podcast, we dive into the exciting world of trading while traveling with our guest, Peter Vandiver, a trader who dared to break the boundaries of conventional trading.</itunes:summary>
      <itunes:subtitle>A lot of traders dream about trading and traveling the world as trading brings a lot of freedom. But is this really laying with a laptop on the beach with a tropical drink?
In this episode of The Confidence in Trading Podcast, we dive into the exciting world of trading while traveling with our guest, Peter Vandiver, a trader who dared to break the boundaries of conventional trading.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>10</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">72e1acf9-453a-457d-903a-931c5916701a</guid>
      <title>Reality vs. Illusion in Trading</title>
      <description><![CDATA[<p>Get ready for an eye-opening episode as Agnieszka sits down with a CurlyGal Investor, who is a passionate day trader and experienced Social Worker. She has captivated an impressive number of Twitter followers as she's sharing the unfiltered truth about trading, documenting her real story from day one - the highs and lows.</p><p>Join us as we dive into the real world of trading, without sugar-coated illusions painted by social media. Listen and learn how to embrace failure as feedback, achieve long-term success and why a mentor & supportive trading community plays a vital role in every trader's journey.</p><p><strong>About CurlyGal Investor</strong></p><p>Curlygal Investor is an options & futures trader, mother of a daughter and Social Worker with a passion for the process. She brings 15 years experience as a Master's Degree Clinical Social Worker & Therapist in the Mental Health field. She's fascinated with the role that the psychology of trading plays in successful trading. She built a strong foundation on principles learned working 1 on 1 with a veteran trading mentor, and it's a big advocate of using this approach as a way to get ahead of the curve. She considers herself a constant student of the market and today she wants to dive into shedding light on the realities of trading that aren't spoken much about.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact CurlyGal Investor:</strong></p><ul><li><a href="https://twitter.com/curlygalinvest">Twitter: @<strong>curlygalinvest</strong></a></li><li><a href="https://twitter.com/breakoutplays1">Twitter: @breakoutplays1</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p><strong>[00:00:04.210] - Agnieszka</strong></p><p>I am Agnieszka Wood. Welcome to the Confidence in Trading Podcast. Let me introduce my special guest that goes by her official Twitter name, CurlyGal Investor (@curlygalinvest). She considers herself a continuous student of trading the market. And today we want to dive into shedding some light into the realities of trading that aren't traditionally spoken about enough. Welcome to episode number nine, Reality versus Illusions in Trading. Hi, welcome to my show. I'm absolutely thrilled to have you here, especially knowing that how much you value your privacy. So thank you so much for coming onto my show.</p><p><strong>[00:00:46.500] - CurlyGal</strong></p><p>Thank you so much for having me, Agnieszka. It's a pleasure to be here with you today.</p><p><strong>[00:00:52.310] - Agnieszka</strong></p><p>And when we met on Twitter, what really struck me right away was the authenticity of your post. No BS, no puffed up reality stuff like, hey, look at me, how good I am. Which in general, it is the tendency of social media. But in trading, that approach can be taken to the extreme. Right. And today I would love to talk with you about exactly that. With all the advertising hype around. When you got into trading, did you know how emotional this journey is going to be?</p><p><strong>[00:01:31.170] - CurlyGal</strong></p><p>Oh, my goodness. Really? When I started my Twitter account, that was January of 2021, the purpose was I had a very specific intention set out there. I wanted to record my trace. So kind of like utilizing it as a journal. Not my trace, but my process. I wanted to kind of like record my process and be encouraging of others of bringing light to what the opportunities in the market were available and that this was also available for everybody. Right. Because like I mentioned to you before, it was very shocking to me that here I was, in my mid thirty s, and I had never ever come across with anything stock market related. Nobody had educated me about this. I went to school, to college, grad student. This has never been a theme amongst my peers or professionals. This is the thing that you can do. Right? So I wanted to be able to kind of open up space for others to know that this is the thing. This is something, whether it's investing or the various forms that one can participate in the stock market, that this is something that anyone can do. And whether about how emotional this journey can or cannot be, no, I definitely not expect that this could be.</p><p><strong>[00:03:22.610] - CurlyGal</strong></p><p>It really depends. It depends, right. When you start growing your discipline. This can become less emotional. Right. Because as you start building yourself as a trader, you start building more self control. And the more self control you have, I think that the less emotional of a ride.</p><p><strong>[00:03:45.850] - Agnieszka</strong></p><p>Right.</p><p><strong>[00:03:46.540] - CurlyGal</strong></p><p>But when you don't have those things, it can definitely be a roller coaster. And definitely I've been there, done that. I've been in both sides of that coin. I did not expect that it will be like that. I thought it will be way, especially trading. I thought that it would be easier. But it's a very interesting path.</p><p><strong>[00:04:08.760] - Agnieszka</strong></p><p>It's definitely interesting and very challenging. And what is really pretty amazing that you were documenting your intention was to document the process, which in general, not many traders really focus on. Everyone focuses on the money. How am I going to get the right ticker to make the money, but not on the process? So how did you know to do that? Where did you figure out, you know what, actually, I think the process is the most important part in that. Did you even think about it or did it just come up intuitively to you?</p><p><br /> </p><p><strong>[00:04:46.890] - CurlyGal</strong></p><p>I think that because of the previous experience when I first started in 2020 with the investing portion of everything, again, it was just so nice to be able to see a portfolio grow and doing certain things with it. And figuring it out. Okay, when am I taking profit the length of what I want this portfolio to be and not just allowing for the portfolio to grow and then not take any? Right. That was very interesting because we took profit off of that initial investing. It was a short term, medium term portfolio, and I knew to take profit. Yet when I transitioned into trading, I started having difficulties with taking profit versus hey, especially with options. Options can turn on you so quickly, right? And so it was a learning curve, moving into options. But part of what was extremely helpful was that later on, 2021, I started working with a mentor. So I connected with a person who had been in the market for 20 years, who's been doing this for a very long time, successfully. And I started learning other things that were extremely necessary for me to be able to even have a chance at trading options.</p><p><br /> </p><p><strong>[00:06:32.570] - CurlyGal</strong></p><p>I think that it was like partially intuitively thinking of the process. Again with me being a social worker, I think the process is something that I naturally work on all the time anyway, right? It's just part of my day to day, whether it's with clients or even in my personal life. I'm a process person. I like the journey, right? I'm not just there for the end goal. I love and enjoy the journey. So I do that on a day to day basis. So I think it intuitively transferred into what I was doing with trading, and then I added more along the way with my mentor and stuff like that, and my own experience too, because as I walked every day in trading, I was learning. I mean, I was learning things, I was doing good things, and then I was doing bad things. I was making mistakes, and I was learning from them.</p><p><br /> </p><p><strong>[00:07:32.930] - Agnieszka</strong></p><p>Yeah. I saw recently a note from you on Twitter from your journal, and it said, these are the things I did good, and these are the things that I did bad or I did wrong. I don't know exactly how you said it, but it was definitely what can you improve? Like evaluating those things is so important.</p><p><br /> </p><p><strong>[00:07:54.230] - CurlyGal</strong></p><p>Absolutely.</p><p><br /> </p><p><strong>[00:07:55.210] - Agnieszka</strong></p><p>I think it is fantastic that you already have that love for processes in your daily life. Because you know what they say, you trade how you live, so you could just automatically transfer that. Did you actually use technical analysis for your trading?</p><p><br /> </p><p><strong>[00:08:12.350] - CurlyGal</strong></p><p>Well, when I first started, I did not know much about technical analysis. So I think that when I very first like if I'm just recalling my very beginnings on my own, I will say that I will describe myself more as a momentum trader. At that time, no, I did not have knowledge of technical analysis. That did not come until after I started working with a mentor. So that's when now it's been three years since I've been in the market and two with working with mentorship. And now I can say I'm able to read a chart, I'm able to pattern recognition, I'm able to draw in a chart, I'm able to identify all these different things that are extremely helpful. It's like sometimes you look back and it's like how was I even traded?</p><p><br /> </p><p><strong>[00:09:18.220] - Agnieszka</strong></p><p>I just wanted to say because that's what I was wondering, how did you even knew where to get in and where to get out? Because we were talking about getting out, just thinking, okay, it went up, so now I'm getting out, basically.</p><p><br /> </p><p><strong>[00:09:33.670] - CurlyGal</strong></p><p>Well, it was more of whenever I saw strength, it was like I saw strength and direction. If there was a directional move and I saw strength, I will go in and out and quickly be able to collect profit. It was more like a momentum got you. I guess that's what I will say, momentum type of trading. But that was very early in my process and yes. So now I definitely think that technical analysis is an important aspect because I've come across with a lot of people who say how do you know? So this is Trigger, I come in, how do you know, where are you going to get out? So that's a great question. Right. It comes down to knowing, right? Knowing where are your trend lines, knowing where your support and resistance is, knowing what different patterns, the meaning of the event patterns. Right. If you see a double top or double bottom, what does that mean or what can potentially that be or take you to. Right, so that's definitely important aspect and all of that I started learning with mentorship.</p><p><br /> </p><p><strong>[00:10:47.970] - Agnieszka</strong></p><p>I think that also helps you to kind of prepare yourself what you can expect and then that helps you with emotions, right. If you know, okay, I can expect if I'm in a trade for let's say longer time, but there is a resistance in between. I know I can expect some kind of pullback. I don't have to panic when I see a red candle.</p><p><br /> </p><p><strong>[00:11:10.000] - CurlyGal</strong></p><p>Correct.</p><p><br /> </p><p><strong>[00:11:11.910] - Agnieszka</strong></p><p>So that really helps you with management of your emotions in that case, right?</p><p><br /> </p><p><strong>[00:11:17.850] - CurlyGal</strong></p><p>Absolutely, yes.</p><p><br /> </p><p><strong>[00:11:19.070] - Agnieszka</strong></p><p>At what point was there any point like that when you were working and maybe you were learning the technical analysis, which for many people is they get paralysis by analysis because you get all these candles and patterns and indicators and they throw all these things on the chart. Now they don't see the candles because there's so many lines. And at what point did you realize, okay, this is not going to be so easy as I saw in media or on Twitter. Like everyone says, oh yeah, I made million in three months and everyone makes millions. And you sit there and it's like, well, I don't know what they are doing. But people usually think there must be something wrong with me because everyone is making millions but me. What's wrong?</p><p><br /> </p><p><strong>[00:12:11.290] - CurlyGal</strong></p><p>How will I put it? I've never saw it that way. I've never went on Twitter seeing oh, I did think that there was a potential for me to make considerable good amount of money or even hopefully replace the money that I make through my day job. But I think that my approach was always very realistic as to not really focusing on myself and my process, not going on Twitter to compare myself with whatever is going on out there. So I was just very grounded with just focusing on myself and through my own experience, realizing that it takes much more than just learning how to read a chart. And that's where the other components, the mindset, the discipline, the risk management I had zero idea what risk management was. How to based on knowing what's your risk tolerance, based on your account size. Right. Because we can both be taking the same tray, but you might have more wiggle room than I, or you might tolerate a larger pool than I because your account sizes are different. There are just so many intricacies and all of those things really came to life for me and put together through mentorship I had no idea of.</p><p><br /> </p><p><strong>[00:14:06.020] - CurlyGal</strong></p><p>Sometimes one keeps repeating the same thing where I'm like, okay, I'm taking this ray and then I go up and I go down, I go up and then I'm like in the same place? What am I doing? But it was not until I had an outsider looking at what I was doing and being able to say, hey, point out this is what's going on. And for me to be able to then understand it in a way that I can then change my practice. Right, right.</p><p><br /> </p><p><strong>[00:14:39.430] - Agnieszka</strong></p><p>Yeah. And I think that is so good that you made that step to actually get someone from outside because it's very hard when you are in the middle of something to see what is going on. Right. Because imagine you're like in the washing machine and you're just being tumbled. You cannot really see the colors that are in the washing machine because you're just like in between, right? It's much easier to see something when you are further away. Even reading newspaper, like they say, the least light is just right under the street light, right? What I also find very beautiful about your journey is that you had this sense of self reflection and you were able to ground yourself as a trader while you were having your work next to it. Because a lot of traders, when you talk to them, they want to replace their job, right? They hate their job and they had the boss and they want to be free. But you said it was a possibility maybe somewhere in the future, which automatically takes the pressure away.</p><p><br /> </p><p><strong>[00:15:48.430] - CurlyGal</strong></p><p>Right? And that's very interesting because actually, I know I've had my times right, because I'm a human like anybody else and I'm a social worker by profession. I am fortunate to say that I love my profession. I like what I do. So I'm not in a job that I dislike. Have I had times through my journey where perhaps it was time for me to move into a different position? Or maybe I've experienced burnout like a lot of people in my profession, or even in trading rate. But while I was excited about the possibility of can I make this at some point down the line into a full time thing? I feel very blessed about my job and my profession. And this is something that I can continue to do. Whether it's now or even if I ever leave it, I can always come back to it. It's not something that I dislike. It's something that brings a lot of joy and gratification to me. So that's one and two. And then I want to say for a lot of people who might be contemplating the same thing, I do feel gratitude for my job because having it allows me to trade.</p><p><br /> </p><p><strong>[00:17:19.290] - CurlyGal</strong></p><p>I wouldn't be able to have gone through the journey that I've gone through for the last three years in learning to trade or invest, being involved so actively in the stock market. I've been involved in the stock market daily. That's intense.</p><p><br /> </p><p><strong>[00:17:37.730] - Agnieszka</strong></p><p>It is.</p><p><br /> </p><p><strong>[00:17:38.820] - CurlyGal</strong></p><p>You really think about it. That's intense. On top of having a full time job, having your life, being a mom, whatever else. And financially, from a financial perspective, I don't think that I will have been able to do this as dedicated and intensively as I being without having my job as a backup. Because if I will have had to worry about, oh, I don't have a job and this is all the money that I have, and my financial growth depends on solely trading, I'm going to tell you right now, I will have been extremely stressed out.</p><p><br /> </p><p><strong>[00:18:21.670] - Agnieszka</strong></p><p>That is the component. It's not just like making enough money to live off that helps you to trade for a living. There's this whole component. Can you release the stress of not having a secure income. Because if you have a job right now and you trade and you already feel the pressure, even though you have income coming in, but you have pressure like, I have to make it work, that means that you are not ready to step over because you can't even deal with the pressure when you do have the income.</p><p><br /> </p><p><strong>[00:18:59.090] - CurlyGal</strong></p><p>Correct? I absolutely agree with you.</p><p><br /> </p><p><strong>[00:19:01.120] - Agnieszka</strong></p><p>Imagine if you don't have that income, it's going to be double, right? So that building that immunity first and.</p><p><br /> </p><p><strong>[00:19:10.470] - CurlyGal</strong></p><p>Understanding that I'm in this learning process, especially at the very beginning, that there are things that I need to be able to get to. I say like levels, right? It's like, okay, I accomplished this thing, now I'll go to the next level and next level and slowly. And I remember there being initially when I was flying solo, so to speak, I took on a lot of risk. I was very risky, and I was not afraid of being risky. And I could make a lot of money doing that, but then I could lose a lot of money doing that also. And that affects it does impact your mental health because it literally felt like a roller coaster. Like I was having these ups and downs and just being emotionally attached to trading and my trades and the money, it almost becomes some sort of identity. And I think that's something important to point into as well, that we are not much more than just a trader, right? And that my success in life is not solely measured by my performance money or how much money do I make or not, right? And being kind to myself, being able to say I am in this process, and if I did not had a good day and if this is affecting me emotionally, right?</p><p><br /> </p><p><strong>[00:21:05.540] - CurlyGal</strong></p><p>How can I make this not affect me this much? The only answer to that is by managing my risk better. Okay, so how do I become a better risk manager? How do I become a better money manager? Right? And this is actually a conversation that came up with my mentor recently because I've had times where I am extremely disciplined and it takes a lot of patience because I want to be a participant in the market all the time. But that's not how trading works. The market is not going to give me the same thing every single day. So it becomes my job to be patient, to wait for the times that I write for me. And when I say for me, I mean not just like a technical setup, but also for me in terms of my risk tolerance, in terms of a particular ticker. Sometimes we're trading, there's different tickers and there's some that work best with my personality and others that don't really work with my personality. So I decide, okay, I'm going to leave this aside, right? So working with what my personality is if I need slower trades or where am I better?</p><p><br /> </p><p><strong>[00:22:34.280] - CurlyGal</strong></p><p>Am I better on a range day or am I better on a directional day. It's okay to wait for the times that work best for you. And that is something that I think that, especially for beginners, is very important to understand. This becomes a journey of self discovery.</p><p><br /> </p><p><strong>[00:22:57.440] - Agnieszka</strong></p><p>I call it, right?</p><p><br /> </p><p><strong>[00:22:58.910] - CurlyGal</strong></p><p>Yes. It's like learning about yourself and how you translate that into trading. Because I will tell you right now, a lot of what we do or don't do outside of trading, we carry it on into trading totally.</p><p><br /> </p><p><strong>[00:23:15.590] - Agnieszka</strong></p><p>But we are much better at specifying in our life what we like and what we don't like and what suits us. But in trading, we kind of try to especially at the beginning, you try to grab everything because you think, I just need to do that. Isn't that what am I supposed to do? Like, I'm a trader, I need to trade, so let me just place trades. That's what I'm supposed to do here. But that having that compassion and that understanding of yourself and really observing yourself, no, I can wait. This doesn't suit me. It's just like you will also not date everyone. You will pick someone who really fits your character and who you feel good with, right?</p><p><br /> </p><p><strong>[00:23:57.820] - CurlyGal</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:23:58.300] - Agnieszka</strong></p><p>So that's the same in trading. You have to pick something that really suits you. And if you don't know what it is at the beginning, just try it out. But not with 100,000 shares. Maybe just buy one.</p><p><br /> </p><p><strong>[00:24:11.470] - CurlyGal</strong></p><p>Exactly.</p><p><br /> </p><p><strong>[00:24:12.380] - Agnieszka</strong></p><p>For a start.</p><p><br /> </p><p><strong>[00:24:14.190] - CurlyGal</strong></p><p>And you know what? I encourage even demo accounts at the beginning. I'm going to be really honest. I started with real money, and whatever I was making or losing, it was real. And I did that for a very long time. And I remember thinking, oh, it's not the same. My emotions are not going to translate the same if I'm in demo. However, the end of 2022 and even the beginning of this year, I feel that the market has become more challenging. And I did start it, especially because I started dabbling into different instruments. I started using demo more. What I discovered was that I treated as it was just a real account. The emotions are still there. I'm still treating it. I traded the way that I will trade a real account. I trade it with the size that I will trade a real account. I take the amount of risk that I will I translate the whole thing. So I do find it helpful. And I think that especially for beginners, you do want to give yourself the chance to do that instead of just using your real money all the time. Or even like sometimes I'm going back and forth between the two.</p><p><br /> </p><p><strong>[00:25:44.610] - CurlyGal</strong></p><p>Sometimes I'm testing something and I just go on demo to do so instead of doing it with my real money. It's just smart, right? If things go down the hill. At least I'm minimizing the amount of money that I'm putting in the line.</p><p><br /> </p><p><strong>[00:25:58.740] - Agnieszka</strong></p><p>No, totally. If I have a new strategy that I'm testing, I'm not going to put my money on it. I'm going to first get used to it. Or even if I change my charts or change sometimes testing different platform, I'm not going to just jump in there and start trading. I'm like, I need to know how. It's not even like maybe my mind wants it, but it's the physical adjustment, right. I have to be able to execute trade in a certain way. And I have to make sure that my hand is going to click fast enough through things that my eyes are going to go the right way and not being confused. Where are the things that I need on the screen?</p><p><br /> </p><p><strong>[00:26:37.420] - CurlyGal</strong></p><p>Yes. Makes sense.</p><p><br /> </p><p><strong>[00:26:40.290] - Agnieszka</strong></p><p>There's a lot that comes into really making trading your own, basically. Right. And it does come to the process, but I think the biggest part of it is really acceptance and self compassion. Giving yourself time, giving yourself love, stop beating yourself up. It's really not easy thing to do that's. Why not many people are succeeding in this, and it takes time. And I really like what you said about the fulfillment that you get, fulfillment from your work. Because I think that's another part that is important, to have something that gives you fulfillment next to trading. You might love looking at charts, you might love trading and everything, but it is such a draining activity mentally and emotionally. You need to recharge somewhere outside of trading.</p><p><br /> </p><p><strong>[00:27:36.610] - CurlyGal</strong></p><p>I absolutely agree with you. Yes. And I felt those times when I'm between the job itself, my day job itself can also be mentally draining. It takes a lot of energy, right? It takes a lot of energy when you are working with people and when you're working with mental health, it consumes a lot of energy. Right. It's a lot of output that I put out there for my job. So when I put trading on top of that, it can take a toll. I found myself feeling so exhausted and so done at end of the day, getting knocked out and sleep with my life on. That reminds me of the importance of I need to recharge, like you said. But I need to give myself lapses of times in between, right. Rather than me showing up to the market. Because it's good to have that screen time, but it doesn't mean that you have to come to the market to trade every single day. And sometimes it means that being able to calm my mind and my nervous system. Really, I find myself having to calm my nervous system. Intentional, being intentional about that. I do that through meditation or to reducing the amount of times that I'm exposed to the market for as hard as it is, because I want to be there sometimes.</p><p><br /> </p><p><strong>[00:29:15.800] - CurlyGal</strong></p><p>Like, okay, I need to give myself a break and give some days in between that has become more important as time has gone by. That's one of the biggest pieces that I've learned, especially as of recently, from 2022 coming into 2023.</p><p><br /> </p><p><strong>[00:29:34.420] - Agnieszka</strong></p><p>And that's where healthy routine comes in, right. And back to the process. Because if you decide to spend the whole day in front of a charts, even if you're not trading, you're in a kind of alert position because you want to see if there is an opportunity. So even though you're not trading actively, you're still alert in that state.</p><p><br /> </p><p><strong>[00:29:57.200] - CurlyGal</strong></p><p>That's a very good point. That's a very good point. So I guess that we have to carve those times. We have to be intentional about carving time to just be off, right. Just be away. Be off. Be away and doing something else.</p><p><br /> </p><p><strong>[00:30:15.780] - Agnieszka</strong></p><p>Yeah. And not feel bad because the market will be there when you come back.</p><p><br /> </p><p><strong>[00:30:19.910] - CurlyGal</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:30:21.190] - Agnieszka</strong></p><p>It's not like, okay, this is the only day that you can take a trade. There will always be opportunity. I did have myself travel to let go, and I would force myself and go and take a nap, but then instead of sleeping, I would be sitting there with my phone, opening my platform and just watching stocks. It was crazy! In case something breaks out. It was absolutely nuts. Now I just trade till eleven, and after that I'm done. I close my platforms and I sometimes do check to see how things are going or if there are earnings after hours, I want to know, because that would mean that I might be opportunity for next day. But it's definitely not driven by that must, I must know. I must be there all the time.</p><p><br /> </p><p><strong>[00:31:15.270] - CurlyGal</strong></p><p>Exactly.</p><p><br /> </p><p><strong>[00:31:16.710] - Agnieszka</strong></p><p>Trading can be a very lonely occupation and right. And many traders look for some sort of community. That's where Twitter comes in. Someone that you can actually talk about trading. Because not many people from outside of this industry really understand what you are going through, especially when you struggle, right. So they don't really know how to give you support. The best that they can do is say, just quit. That's not what you want to hear. Even though I understand why people who love you want you to stop trading because they see your pain, so they're like, just quit it. Just cut it. On the other hand, how do you know that in this highly driven by money conditions, people truly have your best interest in minds? Like how do you want to build community, but how do you know who to trust? And we talked a little bit about that really sincere and fantastic community on Twitter that we are part of, which surprised me when I joined, that it actually exists. But what was your experience in that area? Because you joined Twitter not so long time ago, right?</p><p><br /> </p><p><strong>[00:32:29.780] - CurlyGal</strong></p><p>Two years ago. It was in January 2021. There were two years in the FinTweet community. Well, like I said, when I first started, it was just more about sharing my progress and kind of like being uplifting to others as to this is something that is a possibility for everyone. However, I also had the experience that I was involved in the market with my brother when I started as well. So that was kind of cool having that partnership with him and being able to go through struggles and being able to talk about it and be frustrated if you wanted to be frustrated, be excited if you wanted to be excited. And so that was like a to go person that I had at home close by that I could share those things with. But when it comes to the social media again, I actually found my mentor through Twitter and how did I know it came all very organically. He had reached out one day after I had posted a very heartbreaking post. I had lost like $2,000.</p><p><br /> </p><p><strong>[00:33:51.340] - Agnieszka</strong></p><p>Oh my gosh.</p><p><br /> </p><p><strong>[00:33:55.210] - CurlyGal</strong></p><p>I had this trade and I went with size and I lost like $2,000. And I remember posting about it and it was an options trading and I was just heartbroken. I was like, how do I make that switch to avoid losing so much, right? And he had reached out and he was extremely kind and very genuine and he commented and then we got to chat a little bit about my trade. He offered to look into the trade and gave me some feedback as to what had transpired and whatnot. And from that I started checking out his services. And I actually started with Lowers, like an email. It was an email service that he had. And I was learning a lot through the information from emails. I did not started with a discord or a group, I just started with receiving these emails for the week with weekly information and it included alerts and whatnot. But also it was very comprehensive into telling patterns what is that we're looking for information that kind of helped me to learn about what to look for, news, market information, just flow, just a bunch of different things together in one place. And so I was still trading solo, but was using this information that was helping me understand the market and the trades and how to trade options in a more comprehensive way. So it was extremely educational. I really like that. And then eventually I transitioned into joining the group. The group that he had. And the group, I really liked it because it was a small group but it was also very it was like a safe place. And I think that that's key. When you are in a group where you can actually share your things, there's transparency. You can share everything from your good times to your bad times, to your frustrations to I really messed it up today, this is what I did. And not feel like you're going to be ashamed or. Not feel like you're going to be dragged on. Right. That's something that I found there. And it became like this extended family, so to speak. The people who has been in this group have been there for a very long time. And we are extremely supportive to each other and we've grown together. I look back now and I see, wow, the person that started then is not the same person now. I know so much more. But I'm also able to implement and navigate myself much more, better in trading than what I used to. And that also make it to where it wasn't isolating. You see what I'm saying? Because I think that the part where when I have had isolated in the past has been when I'm struggling. When I'm struggling and I'm like, is it okay to say this? I'm struggling or I'm super red and how am I getting myself from that emotional spectrum? It can get dark if it can be a dark place to be. And talking about that can be I don't know, I feel that there's been times where I felt like a sense of shame, like coming from the point of, okay, I know this, I conceptually know this. Why did I still do it? Or why did I repeated this thing when I know better? Right? And that has been the times and the places where having that strong cohesive community group and mentorship has been key. Because it's hard. It's hard. And being able to face myself and accept, yes, it is hard. It was hard. This is what I'm feeling and it is okay, I can allow myself to feel this right now. And I can walk you through with my mentor tomorrow. It's going to be okay, we can make a plan for this. And he has been always being very encouraging to myself and others with just being there, being able to be supportive, without being without bashing you down.</p><p><br /> </p><p><strong>[00:39:13.630] - Agnieszka</strong></p><p>Yeah, because we do it ourselves enough, right. And that shame feeling bring you in a really dark places because a lot of times it's connected to all other emotions and experiences from the past. And the moment that you are on your own, there is no sense of that vulnerability where you kind of think you have to deal with it on your own. Right. You feel alone and then you go down that spiral because now you start calling yourself names and it just becomes you go deeper and deeper. When you have the community where you can actually share what you're feeling, what you're going through, and also hear from other people that they are going through the same thing, you have much more compassion for yourself because you know, okay, this is not just me, right. It is just pretty difficult thing to accomplish. And there is nothing wrong with me. I just have a difficult time. So bringing up that compassion for yourself and that love we talked about is much easier when you receive love from others, right? Because in that community, that's what you get. If you have community you trust. Especially, I think what you mentioned about the size of the community, that's really key.</p><p><br /> </p><p><strong>[00:40:32.080] - Agnieszka</strong></p><p>That it is not 1000 people in the chat just all telling you that they make money because that makes you feel even worse about yourself when you're losing again. It's like how are they doing it? What am I doing wrong here?</p><p><br /> </p><p><strong>[00:40:46.300] - CurlyGal</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:40:47.790] - Agnieszka</strong></p><p>So when you have people that you can actually hear from and you know that they are there to support you, it creates this extra backup if you feel a little bit less.</p><p><br /> </p><p><strong>[00:40:58.320] - CurlyGal</strong></p><p>And accountability! Change comes starts there. I've had times where I've been able to say hey, I did this today. This transpire. I'm just not at the best place. But I'm being honest and transparent about what went through. The first thing I realized is that it opens the doors. It gives permission for others to do the same. To say you know what, I've been going through this too, right? So you can relate, you can share those experiences and then you can grow from them. We keep ourselves accountable and then we are actually able to say let's make a plan for this. How can we make it to where we are not repeating the same pattern? If this is the pattern, my mentor might come and say okay, let's just get on a one on one and let's just come up with a plan to address this particular issue. Like you mentioned, the size, I think it has been great because the size of the group, because there's a very personal relationship between my mentorship, myself and my mentorship and the rest of the participants in the group. And it's so interesting because he knows us by our personalities, he knows our personalities, he knows how we operate, he knows our weaknesses, he knows our strengths and he is able to very individualize cater to those things.</p><p><br /> </p><p><strong>[00:42:35.330] - CurlyGal</strong></p><p>So it's funny because sometimes it's like oh, he has insight into each of each one of us, account size, what we struggle and whatnot. So he's able to say hey, we're looking into this. This is the reason why I'm looking into this. But I encourage those with a small size account. This is not the play for it, right? For example, and that becomes important when you are in the process of learning, identifying, okay, what's the trade that you can actually tolerate and what's the trade that you can not all are in the same level of experience or even personality, like you said before. So it has made it to where I feel I'm definitely a much better trader and I can manage have more self control with having that accountability from the group than if I was solo. When you're solo, you think, oh, nobody's watching you. And you just keep repeating the same stuff over and over and over. But when you have somebody who's watching, they can point out, hey, look at this, or remember when you said this? Remember that you're struggling with this. So it becomes very nice to have yeah.</p><p><br /> </p><p><strong>[00:44:02.190] - Agnieszka</strong></p><p>Normally when you trade on your own, nobody's watching you, but in fact, you are watching yourself. The only problem is that we lie to ourselves and we don't want to admit that. Okay, now I'm convincing myself to do something that I said I wouldn't. Right. So having that sense of integrity, it is easier when you have another person that you say, okay, I'm going to promise to you because we tend to have more integrity with other people than we have with ourselves. And that's back to that building the relationship with yourself based on love, compassion and integrity.</p><p><br /> </p><p><strong>[00:44:43.530] - CurlyGal</strong></p><p>Yes, absolutely. And facing I wanted to add to what you just said that point. It's been happening recently through this year, I've been working on learning a new instrument. Right. So I went from options into looking into futures. And so it's relatively new for me. I've been going through some evaluations as well, and I have yet to pass them. Yeah, it's been exciting. It's been a good experience. But I have not been able to pass the evaluation yet. I've actually flung them and that's something that I will be sharing more on my Twitter page of. But what I wanted to say is like being able to face myself, having somebody who say, hey, look at this, look at this in the mirror. What is going on? Even outside of trading, you are a good trader. These are the words that my mentor said to me recently too. I was like, you are a good trader and you are being a poor money manager currently. And then that trigger that thought of what is going on in my life financially outside of trading right now. Is there holes? Is there places where I'm neglecting? Right? So it kind of put me in a situation where it's like, let me take a look deeper at what's going on.</p><p><br /> </p><p><strong>[00:46:35.520] - CurlyGal</strong></p><p>And I'm super grateful for that because, yes, it's completely right. I think I am being a poor money manager at this time. I'm doing it in this other areas in my life. So let me stop for a second step.</p><p><br /> </p><p><strong>[00:46:52.820] - Agnieszka</strong></p><p>Let me fix that.</p><p><br /> </p><p><strong>[00:46:53.820] - CurlyGal</strong></p><p>Let me fix this so that I can come with a clearer mind into the market to do the things that I know that works and present with the discipline that I need to present in order to be able to do this successfully. Right? So, yes, it's just part of the process and I just love them and extremely grateful to have that.</p><p><br /> </p><p><strong>[00:47:18.560] - Agnieszka</strong></p><p>That's awesome. So for those of you guys who are listening and you don't have a community, what I would recommend is connect with our guest on Twitter, CurlyGirl Investor. And that's a good way to start building community, right?</p><p><br /> </p><p><strong>[00:47:37.010] - CurlyGal</strong></p><p>And of course you have to sweep through the Twitter world but you can definitely find there's definitely good people out there being honored enough to come across with really good people that I've been able to exchange DMs and speak to privately or others that are walking through my same steps, right. That may or may not be struggling and we just connect and exchange ideas and support each other. I think that's what social media is supposed to be about in the first place.</p><p><br /> </p><p><strong>[00:48:21.090] - Agnieszka</strong></p><p>Yeah, that's true. The moment that I started to reach out to people, I started getting the same type of people as I am who have the same value, who really like the genuine connection and that community started to grow and as you say, I came across so many wonderful people and yourself, of course. And now we are connecting on the wife. So that is just wonderful. So don't sit in your cave but just get out of your shell and put yourself out there. Vulnerability is something that you need as a trader because that's what the market requires. You have to be vulnerable and you have to be willing to put yourself out there. And yes, you might be hurt, but that's exactly what the market does. It throws challenges at you and sometimes you take a loss, right? So you have to be willing to take that hit and the keys that it will not take you off your feet, but that is in your control. That is that risk management and money management, right?</p><p><br /> </p><p><strong>[00:49:31.270] - CurlyGal</strong></p><p>Absolutely.</p><p><br /> </p><p><strong>[00:49:32.710] - Agnieszka</strong></p><p>This was really fantastic. I so enjoyed talking with you and you have brought up so many great points that I think will really help people to get some different perspective about failure and about how to go through that journey and more compassion. That's the whole purpose of this podcast and I think you put it in such beautiful words how you thank you.</p><p><br /> </p><p><strong>[00:50:00.530] - CurlyGal</strong></p><p>You know what Agnieszka I was thinking? It is very interesting because when we see in the conversation of success versus failure, when we see and when we think about the people that we look up to that are successful in whatever area it might be right, what people don't see is what it took for them to get there. And people think, oh, this is just something that he's just successful. No, it did not just came to be that it fall into his life. This came with 5, 10, 15 years of hard work, right? If I think of my okay, let's just say myself in my profession as a social worker, I'm 15 years in social work. The social worker who started on that first year post grad is not the same person. Right. It doesn't have the same skills or abilities as the person right now sitting in front of you. And that is very important. I think that's why sharing that process and being willing to say I failed or I mean, is it really failure. If it takes five times for me to fall to then accomplish the level of success that I am aiming for, is it really failure?</p><p><br /> </p><p><strong>[00:51:28.160] - CurlyGal</strong></p><p>No. Failure is just part of the journey to success. And I think that we have to have that in perspective when we are trying to compare ourselves to others out there. We don't know where in their journey they are at. When you see people who have succeeded, this took a lot of behind the scenes that you have yet to see. Right. So I hope that through me sharing my journey and the ups and downs, that people can get a better grasp that this is what real trading looks like. It's not peaches and cream.</p><p><br /> </p><p><strong>[00:52:10.020] - Agnieszka</strong></p><p>Exactly.</p><p><br /> </p><p><strong>[00:52:10.670] - CurlyGal</strong></p><p>Every single day.</p><p><br /> </p><p><strong>[00:52:12.120] - Agnieszka</strong></p><p>Yeah. And failing is really feedback. And I have to think about this last launch from Starlink, from Elon Musk. They were laughing on TV that eventually it exploded, but the team said it was supposed to.</p><p><br /> </p><p><strong>[00:52:28.530] - CurlyGal</strong></p><p>It was an accomplishment. It was absolutely a great accomplishment. All the information that they were able to get from that launch.</p><p><br /> </p><p><strong>[00:52:36.390] - Agnieszka</strong></p><p>Exactly. So that's what the failure it's not really a failure. It's like when you fall, you have to learn from it. And if you don't take the lesson, then it's a waste of time. Right. So instead of beating yourself up, just sit down, look through your charts, see, journal what you did, that you can improve next time. What you did. What you did good. Because there's always something good that you did. It's not like it's not just, oh, I lost money. I don't want to look at this anymore. No, that's a waste of money. Now you don't take the lesson. At least if you paid, take the lesson.</p><p><br /> </p><p><strong>[00:53:13.160] - CurlyGal</strong></p><p>Exactly. Take the lesson. I love that. I love how you put that there.</p><p><br /> </p><p><strong>[00:53:18.110] - Agnieszka</strong></p><p>Thank you. That brings us to the end of this episode, and I really hope that this discussion, which was fantastic, and thank you so much for that, will help traders who are listening to gain some new perspectives and also encourage them to look at the trading journey from, I would say more realistic point of view. Right. Because for most traders, it is really not the world of Ferraris and cocktails on a private yacht. To make this journey successful, you need to demand a lot from yourself. So wherever you are in your journey, you need to ask yourself, can you commit to that demand?</p><p><br /> </p><p><strong>[00:54:01.370] - CurlyGal</strong></p><p>Yes. That's a great question.</p><p><br /> </p><p><strong>[00:54:03.790] - Agnieszka</strong></p><p>Thank you so much for joining us today. CurlyGal, Investor and for this candid conversation. I really appreciate you sharing your experience and your point of views, which are so valuable. So thank you. Thank you so much for that.</p><p><br /> </p><p><strong>[00:54:19.600] - CurlyGal</strong></p><p>Thank you for having me.</p><p><br /> </p><p><strong>[00:54:22.050] - Agnieszka</strong></p><p>And thank you for listening to the Confidence in Trading Podcast. If you enjoy my show, please review it and rate it on Apple podcast and be sure to subscribe so you can come back for a real, live conversation in the next episode. Until then. This is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 14 Jul 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Get ready for an eye-opening episode as Agnieszka sits down with a CurlyGal Investor, who is a passionate day trader and experienced Social Worker. She has captivated an impressive number of Twitter followers as she's sharing the unfiltered truth about trading, documenting her real story from day one - the highs and lows.</p><p>Join us as we dive into the real world of trading, without sugar-coated illusions painted by social media. Listen and learn how to embrace failure as feedback, achieve long-term success and why a mentor & supportive trading community plays a vital role in every trader's journey.</p><p><strong>About CurlyGal Investor</strong></p><p>Curlygal Investor is an options & futures trader, mother of a daughter and Social Worker with a passion for the process. She brings 15 years experience as a Master's Degree Clinical Social Worker & Therapist in the Mental Health field. She's fascinated with the role that the psychology of trading plays in successful trading. She built a strong foundation on principles learned working 1 on 1 with a veteran trading mentor, and it's a big advocate of using this approach as a way to get ahead of the curve. She considers herself a constant student of the market and today she wants to dive into shedding light on the realities of trading that aren't spoken much about.</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact CurlyGal Investor:</strong></p><ul><li><a href="https://twitter.com/curlygalinvest">Twitter: @<strong>curlygalinvest</strong></a></li><li><a href="https://twitter.com/breakoutplays1">Twitter: @breakoutplays1</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p><strong>[00:00:04.210] - Agnieszka</strong></p><p>I am Agnieszka Wood. Welcome to the Confidence in Trading Podcast. Let me introduce my special guest that goes by her official Twitter name, CurlyGal Investor (@curlygalinvest). She considers herself a continuous student of trading the market. And today we want to dive into shedding some light into the realities of trading that aren't traditionally spoken about enough. Welcome to episode number nine, Reality versus Illusions in Trading. Hi, welcome to my show. I'm absolutely thrilled to have you here, especially knowing that how much you value your privacy. So thank you so much for coming onto my show.</p><p><strong>[00:00:46.500] - CurlyGal</strong></p><p>Thank you so much for having me, Agnieszka. It's a pleasure to be here with you today.</p><p><strong>[00:00:52.310] - Agnieszka</strong></p><p>And when we met on Twitter, what really struck me right away was the authenticity of your post. No BS, no puffed up reality stuff like, hey, look at me, how good I am. Which in general, it is the tendency of social media. But in trading, that approach can be taken to the extreme. Right. And today I would love to talk with you about exactly that. With all the advertising hype around. When you got into trading, did you know how emotional this journey is going to be?</p><p><strong>[00:01:31.170] - CurlyGal</strong></p><p>Oh, my goodness. Really? When I started my Twitter account, that was January of 2021, the purpose was I had a very specific intention set out there. I wanted to record my trace. So kind of like utilizing it as a journal. Not my trace, but my process. I wanted to kind of like record my process and be encouraging of others of bringing light to what the opportunities in the market were available and that this was also available for everybody. Right. Because like I mentioned to you before, it was very shocking to me that here I was, in my mid thirty s, and I had never ever come across with anything stock market related. Nobody had educated me about this. I went to school, to college, grad student. This has never been a theme amongst my peers or professionals. This is the thing that you can do. Right? So I wanted to be able to kind of open up space for others to know that this is the thing. This is something, whether it's investing or the various forms that one can participate in the stock market, that this is something that anyone can do. And whether about how emotional this journey can or cannot be, no, I definitely not expect that this could be.</p><p><strong>[00:03:22.610] - CurlyGal</strong></p><p>It really depends. It depends, right. When you start growing your discipline. This can become less emotional. Right. Because as you start building yourself as a trader, you start building more self control. And the more self control you have, I think that the less emotional of a ride.</p><p><strong>[00:03:45.850] - Agnieszka</strong></p><p>Right.</p><p><strong>[00:03:46.540] - CurlyGal</strong></p><p>But when you don't have those things, it can definitely be a roller coaster. And definitely I've been there, done that. I've been in both sides of that coin. I did not expect that it will be like that. I thought it will be way, especially trading. I thought that it would be easier. But it's a very interesting path.</p><p><strong>[00:04:08.760] - Agnieszka</strong></p><p>It's definitely interesting and very challenging. And what is really pretty amazing that you were documenting your intention was to document the process, which in general, not many traders really focus on. Everyone focuses on the money. How am I going to get the right ticker to make the money, but not on the process? So how did you know to do that? Where did you figure out, you know what, actually, I think the process is the most important part in that. Did you even think about it or did it just come up intuitively to you?</p><p><br /> </p><p><strong>[00:04:46.890] - CurlyGal</strong></p><p>I think that because of the previous experience when I first started in 2020 with the investing portion of everything, again, it was just so nice to be able to see a portfolio grow and doing certain things with it. And figuring it out. Okay, when am I taking profit the length of what I want this portfolio to be and not just allowing for the portfolio to grow and then not take any? Right. That was very interesting because we took profit off of that initial investing. It was a short term, medium term portfolio, and I knew to take profit. Yet when I transitioned into trading, I started having difficulties with taking profit versus hey, especially with options. Options can turn on you so quickly, right? And so it was a learning curve, moving into options. But part of what was extremely helpful was that later on, 2021, I started working with a mentor. So I connected with a person who had been in the market for 20 years, who's been doing this for a very long time, successfully. And I started learning other things that were extremely necessary for me to be able to even have a chance at trading options.</p><p><br /> </p><p><strong>[00:06:32.570] - CurlyGal</strong></p><p>I think that it was like partially intuitively thinking of the process. Again with me being a social worker, I think the process is something that I naturally work on all the time anyway, right? It's just part of my day to day, whether it's with clients or even in my personal life. I'm a process person. I like the journey, right? I'm not just there for the end goal. I love and enjoy the journey. So I do that on a day to day basis. So I think it intuitively transferred into what I was doing with trading, and then I added more along the way with my mentor and stuff like that, and my own experience too, because as I walked every day in trading, I was learning. I mean, I was learning things, I was doing good things, and then I was doing bad things. I was making mistakes, and I was learning from them.</p><p><br /> </p><p><strong>[00:07:32.930] - Agnieszka</strong></p><p>Yeah. I saw recently a note from you on Twitter from your journal, and it said, these are the things I did good, and these are the things that I did bad or I did wrong. I don't know exactly how you said it, but it was definitely what can you improve? Like evaluating those things is so important.</p><p><br /> </p><p><strong>[00:07:54.230] - CurlyGal</strong></p><p>Absolutely.</p><p><br /> </p><p><strong>[00:07:55.210] - Agnieszka</strong></p><p>I think it is fantastic that you already have that love for processes in your daily life. Because you know what they say, you trade how you live, so you could just automatically transfer that. Did you actually use technical analysis for your trading?</p><p><br /> </p><p><strong>[00:08:12.350] - CurlyGal</strong></p><p>Well, when I first started, I did not know much about technical analysis. So I think that when I very first like if I'm just recalling my very beginnings on my own, I will say that I will describe myself more as a momentum trader. At that time, no, I did not have knowledge of technical analysis. That did not come until after I started working with a mentor. So that's when now it's been three years since I've been in the market and two with working with mentorship. And now I can say I'm able to read a chart, I'm able to pattern recognition, I'm able to draw in a chart, I'm able to identify all these different things that are extremely helpful. It's like sometimes you look back and it's like how was I even traded?</p><p><br /> </p><p><strong>[00:09:18.220] - Agnieszka</strong></p><p>I just wanted to say because that's what I was wondering, how did you even knew where to get in and where to get out? Because we were talking about getting out, just thinking, okay, it went up, so now I'm getting out, basically.</p><p><br /> </p><p><strong>[00:09:33.670] - CurlyGal</strong></p><p>Well, it was more of whenever I saw strength, it was like I saw strength and direction. If there was a directional move and I saw strength, I will go in and out and quickly be able to collect profit. It was more like a momentum got you. I guess that's what I will say, momentum type of trading. But that was very early in my process and yes. So now I definitely think that technical analysis is an important aspect because I've come across with a lot of people who say how do you know? So this is Trigger, I come in, how do you know, where are you going to get out? So that's a great question. Right. It comes down to knowing, right? Knowing where are your trend lines, knowing where your support and resistance is, knowing what different patterns, the meaning of the event patterns. Right. If you see a double top or double bottom, what does that mean or what can potentially that be or take you to. Right, so that's definitely important aspect and all of that I started learning with mentorship.</p><p><br /> </p><p><strong>[00:10:47.970] - Agnieszka</strong></p><p>I think that also helps you to kind of prepare yourself what you can expect and then that helps you with emotions, right. If you know, okay, I can expect if I'm in a trade for let's say longer time, but there is a resistance in between. I know I can expect some kind of pullback. I don't have to panic when I see a red candle.</p><p><br /> </p><p><strong>[00:11:10.000] - CurlyGal</strong></p><p>Correct.</p><p><br /> </p><p><strong>[00:11:11.910] - Agnieszka</strong></p><p>So that really helps you with management of your emotions in that case, right?</p><p><br /> </p><p><strong>[00:11:17.850] - CurlyGal</strong></p><p>Absolutely, yes.</p><p><br /> </p><p><strong>[00:11:19.070] - Agnieszka</strong></p><p>At what point was there any point like that when you were working and maybe you were learning the technical analysis, which for many people is they get paralysis by analysis because you get all these candles and patterns and indicators and they throw all these things on the chart. Now they don't see the candles because there's so many lines. And at what point did you realize, okay, this is not going to be so easy as I saw in media or on Twitter. Like everyone says, oh yeah, I made million in three months and everyone makes millions. And you sit there and it's like, well, I don't know what they are doing. But people usually think there must be something wrong with me because everyone is making millions but me. What's wrong?</p><p><br /> </p><p><strong>[00:12:11.290] - CurlyGal</strong></p><p>How will I put it? I've never saw it that way. I've never went on Twitter seeing oh, I did think that there was a potential for me to make considerable good amount of money or even hopefully replace the money that I make through my day job. But I think that my approach was always very realistic as to not really focusing on myself and my process, not going on Twitter to compare myself with whatever is going on out there. So I was just very grounded with just focusing on myself and through my own experience, realizing that it takes much more than just learning how to read a chart. And that's where the other components, the mindset, the discipline, the risk management I had zero idea what risk management was. How to based on knowing what's your risk tolerance, based on your account size. Right. Because we can both be taking the same tray, but you might have more wiggle room than I, or you might tolerate a larger pool than I because your account sizes are different. There are just so many intricacies and all of those things really came to life for me and put together through mentorship I had no idea of.</p><p><br /> </p><p><strong>[00:14:06.020] - CurlyGal</strong></p><p>Sometimes one keeps repeating the same thing where I'm like, okay, I'm taking this ray and then I go up and I go down, I go up and then I'm like in the same place? What am I doing? But it was not until I had an outsider looking at what I was doing and being able to say, hey, point out this is what's going on. And for me to be able to then understand it in a way that I can then change my practice. Right, right.</p><p><br /> </p><p><strong>[00:14:39.430] - Agnieszka</strong></p><p>Yeah. And I think that is so good that you made that step to actually get someone from outside because it's very hard when you are in the middle of something to see what is going on. Right. Because imagine you're like in the washing machine and you're just being tumbled. You cannot really see the colors that are in the washing machine because you're just like in between, right? It's much easier to see something when you are further away. Even reading newspaper, like they say, the least light is just right under the street light, right? What I also find very beautiful about your journey is that you had this sense of self reflection and you were able to ground yourself as a trader while you were having your work next to it. Because a lot of traders, when you talk to them, they want to replace their job, right? They hate their job and they had the boss and they want to be free. But you said it was a possibility maybe somewhere in the future, which automatically takes the pressure away.</p><p><br /> </p><p><strong>[00:15:48.430] - CurlyGal</strong></p><p>Right? And that's very interesting because actually, I know I've had my times right, because I'm a human like anybody else and I'm a social worker by profession. I am fortunate to say that I love my profession. I like what I do. So I'm not in a job that I dislike. Have I had times through my journey where perhaps it was time for me to move into a different position? Or maybe I've experienced burnout like a lot of people in my profession, or even in trading rate. But while I was excited about the possibility of can I make this at some point down the line into a full time thing? I feel very blessed about my job and my profession. And this is something that I can continue to do. Whether it's now or even if I ever leave it, I can always come back to it. It's not something that I dislike. It's something that brings a lot of joy and gratification to me. So that's one and two. And then I want to say for a lot of people who might be contemplating the same thing, I do feel gratitude for my job because having it allows me to trade.</p><p><br /> </p><p><strong>[00:17:19.290] - CurlyGal</strong></p><p>I wouldn't be able to have gone through the journey that I've gone through for the last three years in learning to trade or invest, being involved so actively in the stock market. I've been involved in the stock market daily. That's intense.</p><p><br /> </p><p><strong>[00:17:37.730] - Agnieszka</strong></p><p>It is.</p><p><br /> </p><p><strong>[00:17:38.820] - CurlyGal</strong></p><p>You really think about it. That's intense. On top of having a full time job, having your life, being a mom, whatever else. And financially, from a financial perspective, I don't think that I will have been able to do this as dedicated and intensively as I being without having my job as a backup. Because if I will have had to worry about, oh, I don't have a job and this is all the money that I have, and my financial growth depends on solely trading, I'm going to tell you right now, I will have been extremely stressed out.</p><p><br /> </p><p><strong>[00:18:21.670] - Agnieszka</strong></p><p>That is the component. It's not just like making enough money to live off that helps you to trade for a living. There's this whole component. Can you release the stress of not having a secure income. Because if you have a job right now and you trade and you already feel the pressure, even though you have income coming in, but you have pressure like, I have to make it work, that means that you are not ready to step over because you can't even deal with the pressure when you do have the income.</p><p><br /> </p><p><strong>[00:18:59.090] - CurlyGal</strong></p><p>Correct? I absolutely agree with you.</p><p><br /> </p><p><strong>[00:19:01.120] - Agnieszka</strong></p><p>Imagine if you don't have that income, it's going to be double, right? So that building that immunity first and.</p><p><br /> </p><p><strong>[00:19:10.470] - CurlyGal</strong></p><p>Understanding that I'm in this learning process, especially at the very beginning, that there are things that I need to be able to get to. I say like levels, right? It's like, okay, I accomplished this thing, now I'll go to the next level and next level and slowly. And I remember there being initially when I was flying solo, so to speak, I took on a lot of risk. I was very risky, and I was not afraid of being risky. And I could make a lot of money doing that, but then I could lose a lot of money doing that also. And that affects it does impact your mental health because it literally felt like a roller coaster. Like I was having these ups and downs and just being emotionally attached to trading and my trades and the money, it almost becomes some sort of identity. And I think that's something important to point into as well, that we are not much more than just a trader, right? And that my success in life is not solely measured by my performance money or how much money do I make or not, right? And being kind to myself, being able to say I am in this process, and if I did not had a good day and if this is affecting me emotionally, right?</p><p><br /> </p><p><strong>[00:21:05.540] - CurlyGal</strong></p><p>How can I make this not affect me this much? The only answer to that is by managing my risk better. Okay, so how do I become a better risk manager? How do I become a better money manager? Right? And this is actually a conversation that came up with my mentor recently because I've had times where I am extremely disciplined and it takes a lot of patience because I want to be a participant in the market all the time. But that's not how trading works. The market is not going to give me the same thing every single day. So it becomes my job to be patient, to wait for the times that I write for me. And when I say for me, I mean not just like a technical setup, but also for me in terms of my risk tolerance, in terms of a particular ticker. Sometimes we're trading, there's different tickers and there's some that work best with my personality and others that don't really work with my personality. So I decide, okay, I'm going to leave this aside, right? So working with what my personality is if I need slower trades or where am I better?</p><p><br /> </p><p><strong>[00:22:34.280] - CurlyGal</strong></p><p>Am I better on a range day or am I better on a directional day. It's okay to wait for the times that work best for you. And that is something that I think that, especially for beginners, is very important to understand. This becomes a journey of self discovery.</p><p><br /> </p><p><strong>[00:22:57.440] - Agnieszka</strong></p><p>I call it, right?</p><p><br /> </p><p><strong>[00:22:58.910] - CurlyGal</strong></p><p>Yes. It's like learning about yourself and how you translate that into trading. Because I will tell you right now, a lot of what we do or don't do outside of trading, we carry it on into trading totally.</p><p><br /> </p><p><strong>[00:23:15.590] - Agnieszka</strong></p><p>But we are much better at specifying in our life what we like and what we don't like and what suits us. But in trading, we kind of try to especially at the beginning, you try to grab everything because you think, I just need to do that. Isn't that what am I supposed to do? Like, I'm a trader, I need to trade, so let me just place trades. That's what I'm supposed to do here. But that having that compassion and that understanding of yourself and really observing yourself, no, I can wait. This doesn't suit me. It's just like you will also not date everyone. You will pick someone who really fits your character and who you feel good with, right?</p><p><br /> </p><p><strong>[00:23:57.820] - CurlyGal</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:23:58.300] - Agnieszka</strong></p><p>So that's the same in trading. You have to pick something that really suits you. And if you don't know what it is at the beginning, just try it out. But not with 100,000 shares. Maybe just buy one.</p><p><br /> </p><p><strong>[00:24:11.470] - CurlyGal</strong></p><p>Exactly.</p><p><br /> </p><p><strong>[00:24:12.380] - Agnieszka</strong></p><p>For a start.</p><p><br /> </p><p><strong>[00:24:14.190] - CurlyGal</strong></p><p>And you know what? I encourage even demo accounts at the beginning. I'm going to be really honest. I started with real money, and whatever I was making or losing, it was real. And I did that for a very long time. And I remember thinking, oh, it's not the same. My emotions are not going to translate the same if I'm in demo. However, the end of 2022 and even the beginning of this year, I feel that the market has become more challenging. And I did start it, especially because I started dabbling into different instruments. I started using demo more. What I discovered was that I treated as it was just a real account. The emotions are still there. I'm still treating it. I traded the way that I will trade a real account. I trade it with the size that I will trade a real account. I take the amount of risk that I will I translate the whole thing. So I do find it helpful. And I think that especially for beginners, you do want to give yourself the chance to do that instead of just using your real money all the time. Or even like sometimes I'm going back and forth between the two.</p><p><br /> </p><p><strong>[00:25:44.610] - CurlyGal</strong></p><p>Sometimes I'm testing something and I just go on demo to do so instead of doing it with my real money. It's just smart, right? If things go down the hill. At least I'm minimizing the amount of money that I'm putting in the line.</p><p><br /> </p><p><strong>[00:25:58.740] - Agnieszka</strong></p><p>No, totally. If I have a new strategy that I'm testing, I'm not going to put my money on it. I'm going to first get used to it. Or even if I change my charts or change sometimes testing different platform, I'm not going to just jump in there and start trading. I'm like, I need to know how. It's not even like maybe my mind wants it, but it's the physical adjustment, right. I have to be able to execute trade in a certain way. And I have to make sure that my hand is going to click fast enough through things that my eyes are going to go the right way and not being confused. Where are the things that I need on the screen?</p><p><br /> </p><p><strong>[00:26:37.420] - CurlyGal</strong></p><p>Yes. Makes sense.</p><p><br /> </p><p><strong>[00:26:40.290] - Agnieszka</strong></p><p>There's a lot that comes into really making trading your own, basically. Right. And it does come to the process, but I think the biggest part of it is really acceptance and self compassion. Giving yourself time, giving yourself love, stop beating yourself up. It's really not easy thing to do that's. Why not many people are succeeding in this, and it takes time. And I really like what you said about the fulfillment that you get, fulfillment from your work. Because I think that's another part that is important, to have something that gives you fulfillment next to trading. You might love looking at charts, you might love trading and everything, but it is such a draining activity mentally and emotionally. You need to recharge somewhere outside of trading.</p><p><br /> </p><p><strong>[00:27:36.610] - CurlyGal</strong></p><p>I absolutely agree with you. Yes. And I felt those times when I'm between the job itself, my day job itself can also be mentally draining. It takes a lot of energy, right? It takes a lot of energy when you are working with people and when you're working with mental health, it consumes a lot of energy. Right. It's a lot of output that I put out there for my job. So when I put trading on top of that, it can take a toll. I found myself feeling so exhausted and so done at end of the day, getting knocked out and sleep with my life on. That reminds me of the importance of I need to recharge, like you said. But I need to give myself lapses of times in between, right. Rather than me showing up to the market. Because it's good to have that screen time, but it doesn't mean that you have to come to the market to trade every single day. And sometimes it means that being able to calm my mind and my nervous system. Really, I find myself having to calm my nervous system. Intentional, being intentional about that. I do that through meditation or to reducing the amount of times that I'm exposed to the market for as hard as it is, because I want to be there sometimes.</p><p><br /> </p><p><strong>[00:29:15.800] - CurlyGal</strong></p><p>Like, okay, I need to give myself a break and give some days in between that has become more important as time has gone by. That's one of the biggest pieces that I've learned, especially as of recently, from 2022 coming into 2023.</p><p><br /> </p><p><strong>[00:29:34.420] - Agnieszka</strong></p><p>And that's where healthy routine comes in, right. And back to the process. Because if you decide to spend the whole day in front of a charts, even if you're not trading, you're in a kind of alert position because you want to see if there is an opportunity. So even though you're not trading actively, you're still alert in that state.</p><p><br /> </p><p><strong>[00:29:57.200] - CurlyGal</strong></p><p>That's a very good point. That's a very good point. So I guess that we have to carve those times. We have to be intentional about carving time to just be off, right. Just be away. Be off. Be away and doing something else.</p><p><br /> </p><p><strong>[00:30:15.780] - Agnieszka</strong></p><p>Yeah. And not feel bad because the market will be there when you come back.</p><p><br /> </p><p><strong>[00:30:19.910] - CurlyGal</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:30:21.190] - Agnieszka</strong></p><p>It's not like, okay, this is the only day that you can take a trade. There will always be opportunity. I did have myself travel to let go, and I would force myself and go and take a nap, but then instead of sleeping, I would be sitting there with my phone, opening my platform and just watching stocks. It was crazy! In case something breaks out. It was absolutely nuts. Now I just trade till eleven, and after that I'm done. I close my platforms and I sometimes do check to see how things are going or if there are earnings after hours, I want to know, because that would mean that I might be opportunity for next day. But it's definitely not driven by that must, I must know. I must be there all the time.</p><p><br /> </p><p><strong>[00:31:15.270] - CurlyGal</strong></p><p>Exactly.</p><p><br /> </p><p><strong>[00:31:16.710] - Agnieszka</strong></p><p>Trading can be a very lonely occupation and right. And many traders look for some sort of community. That's where Twitter comes in. Someone that you can actually talk about trading. Because not many people from outside of this industry really understand what you are going through, especially when you struggle, right. So they don't really know how to give you support. The best that they can do is say, just quit. That's not what you want to hear. Even though I understand why people who love you want you to stop trading because they see your pain, so they're like, just quit it. Just cut it. On the other hand, how do you know that in this highly driven by money conditions, people truly have your best interest in minds? Like how do you want to build community, but how do you know who to trust? And we talked a little bit about that really sincere and fantastic community on Twitter that we are part of, which surprised me when I joined, that it actually exists. But what was your experience in that area? Because you joined Twitter not so long time ago, right?</p><p><br /> </p><p><strong>[00:32:29.780] - CurlyGal</strong></p><p>Two years ago. It was in January 2021. There were two years in the FinTweet community. Well, like I said, when I first started, it was just more about sharing my progress and kind of like being uplifting to others as to this is something that is a possibility for everyone. However, I also had the experience that I was involved in the market with my brother when I started as well. So that was kind of cool having that partnership with him and being able to go through struggles and being able to talk about it and be frustrated if you wanted to be frustrated, be excited if you wanted to be excited. And so that was like a to go person that I had at home close by that I could share those things with. But when it comes to the social media again, I actually found my mentor through Twitter and how did I know it came all very organically. He had reached out one day after I had posted a very heartbreaking post. I had lost like $2,000.</p><p><br /> </p><p><strong>[00:33:51.340] - Agnieszka</strong></p><p>Oh my gosh.</p><p><br /> </p><p><strong>[00:33:55.210] - CurlyGal</strong></p><p>I had this trade and I went with size and I lost like $2,000. And I remember posting about it and it was an options trading and I was just heartbroken. I was like, how do I make that switch to avoid losing so much, right? And he had reached out and he was extremely kind and very genuine and he commented and then we got to chat a little bit about my trade. He offered to look into the trade and gave me some feedback as to what had transpired and whatnot. And from that I started checking out his services. And I actually started with Lowers, like an email. It was an email service that he had. And I was learning a lot through the information from emails. I did not started with a discord or a group, I just started with receiving these emails for the week with weekly information and it included alerts and whatnot. But also it was very comprehensive into telling patterns what is that we're looking for information that kind of helped me to learn about what to look for, news, market information, just flow, just a bunch of different things together in one place. And so I was still trading solo, but was using this information that was helping me understand the market and the trades and how to trade options in a more comprehensive way. So it was extremely educational. I really like that. And then eventually I transitioned into joining the group. The group that he had. And the group, I really liked it because it was a small group but it was also very it was like a safe place. And I think that that's key. When you are in a group where you can actually share your things, there's transparency. You can share everything from your good times to your bad times, to your frustrations to I really messed it up today, this is what I did. And not feel like you're going to be ashamed or. Not feel like you're going to be dragged on. Right. That's something that I found there. And it became like this extended family, so to speak. The people who has been in this group have been there for a very long time. And we are extremely supportive to each other and we've grown together. I look back now and I see, wow, the person that started then is not the same person now. I know so much more. But I'm also able to implement and navigate myself much more, better in trading than what I used to. And that also make it to where it wasn't isolating. You see what I'm saying? Because I think that the part where when I have had isolated in the past has been when I'm struggling. When I'm struggling and I'm like, is it okay to say this? I'm struggling or I'm super red and how am I getting myself from that emotional spectrum? It can get dark if it can be a dark place to be. And talking about that can be I don't know, I feel that there's been times where I felt like a sense of shame, like coming from the point of, okay, I know this, I conceptually know this. Why did I still do it? Or why did I repeated this thing when I know better? Right? And that has been the times and the places where having that strong cohesive community group and mentorship has been key. Because it's hard. It's hard. And being able to face myself and accept, yes, it is hard. It was hard. This is what I'm feeling and it is okay, I can allow myself to feel this right now. And I can walk you through with my mentor tomorrow. It's going to be okay, we can make a plan for this. And he has been always being very encouraging to myself and others with just being there, being able to be supportive, without being without bashing you down.</p><p><br /> </p><p><strong>[00:39:13.630] - Agnieszka</strong></p><p>Yeah, because we do it ourselves enough, right. And that shame feeling bring you in a really dark places because a lot of times it's connected to all other emotions and experiences from the past. And the moment that you are on your own, there is no sense of that vulnerability where you kind of think you have to deal with it on your own. Right. You feel alone and then you go down that spiral because now you start calling yourself names and it just becomes you go deeper and deeper. When you have the community where you can actually share what you're feeling, what you're going through, and also hear from other people that they are going through the same thing, you have much more compassion for yourself because you know, okay, this is not just me, right. It is just pretty difficult thing to accomplish. And there is nothing wrong with me. I just have a difficult time. So bringing up that compassion for yourself and that love we talked about is much easier when you receive love from others, right? Because in that community, that's what you get. If you have community you trust. Especially, I think what you mentioned about the size of the community, that's really key.</p><p><br /> </p><p><strong>[00:40:32.080] - Agnieszka</strong></p><p>That it is not 1000 people in the chat just all telling you that they make money because that makes you feel even worse about yourself when you're losing again. It's like how are they doing it? What am I doing wrong here?</p><p><br /> </p><p><strong>[00:40:46.300] - CurlyGal</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:40:47.790] - Agnieszka</strong></p><p>So when you have people that you can actually hear from and you know that they are there to support you, it creates this extra backup if you feel a little bit less.</p><p><br /> </p><p><strong>[00:40:58.320] - CurlyGal</strong></p><p>And accountability! Change comes starts there. I've had times where I've been able to say hey, I did this today. This transpire. I'm just not at the best place. But I'm being honest and transparent about what went through. The first thing I realized is that it opens the doors. It gives permission for others to do the same. To say you know what, I've been going through this too, right? So you can relate, you can share those experiences and then you can grow from them. We keep ourselves accountable and then we are actually able to say let's make a plan for this. How can we make it to where we are not repeating the same pattern? If this is the pattern, my mentor might come and say okay, let's just get on a one on one and let's just come up with a plan to address this particular issue. Like you mentioned, the size, I think it has been great because the size of the group, because there's a very personal relationship between my mentorship, myself and my mentorship and the rest of the participants in the group. And it's so interesting because he knows us by our personalities, he knows our personalities, he knows how we operate, he knows our weaknesses, he knows our strengths and he is able to very individualize cater to those things.</p><p><br /> </p><p><strong>[00:42:35.330] - CurlyGal</strong></p><p>So it's funny because sometimes it's like oh, he has insight into each of each one of us, account size, what we struggle and whatnot. So he's able to say hey, we're looking into this. This is the reason why I'm looking into this. But I encourage those with a small size account. This is not the play for it, right? For example, and that becomes important when you are in the process of learning, identifying, okay, what's the trade that you can actually tolerate and what's the trade that you can not all are in the same level of experience or even personality, like you said before. So it has made it to where I feel I'm definitely a much better trader and I can manage have more self control with having that accountability from the group than if I was solo. When you're solo, you think, oh, nobody's watching you. And you just keep repeating the same stuff over and over and over. But when you have somebody who's watching, they can point out, hey, look at this, or remember when you said this? Remember that you're struggling with this. So it becomes very nice to have yeah.</p><p><br /> </p><p><strong>[00:44:02.190] - Agnieszka</strong></p><p>Normally when you trade on your own, nobody's watching you, but in fact, you are watching yourself. The only problem is that we lie to ourselves and we don't want to admit that. Okay, now I'm convincing myself to do something that I said I wouldn't. Right. So having that sense of integrity, it is easier when you have another person that you say, okay, I'm going to promise to you because we tend to have more integrity with other people than we have with ourselves. And that's back to that building the relationship with yourself based on love, compassion and integrity.</p><p><br /> </p><p><strong>[00:44:43.530] - CurlyGal</strong></p><p>Yes, absolutely. And facing I wanted to add to what you just said that point. It's been happening recently through this year, I've been working on learning a new instrument. Right. So I went from options into looking into futures. And so it's relatively new for me. I've been going through some evaluations as well, and I have yet to pass them. Yeah, it's been exciting. It's been a good experience. But I have not been able to pass the evaluation yet. I've actually flung them and that's something that I will be sharing more on my Twitter page of. But what I wanted to say is like being able to face myself, having somebody who say, hey, look at this, look at this in the mirror. What is going on? Even outside of trading, you are a good trader. These are the words that my mentor said to me recently too. I was like, you are a good trader and you are being a poor money manager currently. And then that trigger that thought of what is going on in my life financially outside of trading right now. Is there holes? Is there places where I'm neglecting? Right? So it kind of put me in a situation where it's like, let me take a look deeper at what's going on.</p><p><br /> </p><p><strong>[00:46:35.520] - CurlyGal</strong></p><p>And I'm super grateful for that because, yes, it's completely right. I think I am being a poor money manager at this time. I'm doing it in this other areas in my life. So let me stop for a second step.</p><p><br /> </p><p><strong>[00:46:52.820] - Agnieszka</strong></p><p>Let me fix that.</p><p><br /> </p><p><strong>[00:46:53.820] - CurlyGal</strong></p><p>Let me fix this so that I can come with a clearer mind into the market to do the things that I know that works and present with the discipline that I need to present in order to be able to do this successfully. Right? So, yes, it's just part of the process and I just love them and extremely grateful to have that.</p><p><br /> </p><p><strong>[00:47:18.560] - Agnieszka</strong></p><p>That's awesome. So for those of you guys who are listening and you don't have a community, what I would recommend is connect with our guest on Twitter, CurlyGirl Investor. And that's a good way to start building community, right?</p><p><br /> </p><p><strong>[00:47:37.010] - CurlyGal</strong></p><p>And of course you have to sweep through the Twitter world but you can definitely find there's definitely good people out there being honored enough to come across with really good people that I've been able to exchange DMs and speak to privately or others that are walking through my same steps, right. That may or may not be struggling and we just connect and exchange ideas and support each other. I think that's what social media is supposed to be about in the first place.</p><p><br /> </p><p><strong>[00:48:21.090] - Agnieszka</strong></p><p>Yeah, that's true. The moment that I started to reach out to people, I started getting the same type of people as I am who have the same value, who really like the genuine connection and that community started to grow and as you say, I came across so many wonderful people and yourself, of course. And now we are connecting on the wife. So that is just wonderful. So don't sit in your cave but just get out of your shell and put yourself out there. Vulnerability is something that you need as a trader because that's what the market requires. You have to be vulnerable and you have to be willing to put yourself out there. And yes, you might be hurt, but that's exactly what the market does. It throws challenges at you and sometimes you take a loss, right? So you have to be willing to take that hit and the keys that it will not take you off your feet, but that is in your control. That is that risk management and money management, right?</p><p><br /> </p><p><strong>[00:49:31.270] - CurlyGal</strong></p><p>Absolutely.</p><p><br /> </p><p><strong>[00:49:32.710] - Agnieszka</strong></p><p>This was really fantastic. I so enjoyed talking with you and you have brought up so many great points that I think will really help people to get some different perspective about failure and about how to go through that journey and more compassion. That's the whole purpose of this podcast and I think you put it in such beautiful words how you thank you.</p><p><br /> </p><p><strong>[00:50:00.530] - CurlyGal</strong></p><p>You know what Agnieszka I was thinking? It is very interesting because when we see in the conversation of success versus failure, when we see and when we think about the people that we look up to that are successful in whatever area it might be right, what people don't see is what it took for them to get there. And people think, oh, this is just something that he's just successful. No, it did not just came to be that it fall into his life. This came with 5, 10, 15 years of hard work, right? If I think of my okay, let's just say myself in my profession as a social worker, I'm 15 years in social work. The social worker who started on that first year post grad is not the same person. Right. It doesn't have the same skills or abilities as the person right now sitting in front of you. And that is very important. I think that's why sharing that process and being willing to say I failed or I mean, is it really failure. If it takes five times for me to fall to then accomplish the level of success that I am aiming for, is it really failure?</p><p><br /> </p><p><strong>[00:51:28.160] - CurlyGal</strong></p><p>No. Failure is just part of the journey to success. And I think that we have to have that in perspective when we are trying to compare ourselves to others out there. We don't know where in their journey they are at. When you see people who have succeeded, this took a lot of behind the scenes that you have yet to see. Right. So I hope that through me sharing my journey and the ups and downs, that people can get a better grasp that this is what real trading looks like. It's not peaches and cream.</p><p><br /> </p><p><strong>[00:52:10.020] - Agnieszka</strong></p><p>Exactly.</p><p><br /> </p><p><strong>[00:52:10.670] - CurlyGal</strong></p><p>Every single day.</p><p><br /> </p><p><strong>[00:52:12.120] - Agnieszka</strong></p><p>Yeah. And failing is really feedback. And I have to think about this last launch from Starlink, from Elon Musk. They were laughing on TV that eventually it exploded, but the team said it was supposed to.</p><p><br /> </p><p><strong>[00:52:28.530] - CurlyGal</strong></p><p>It was an accomplishment. It was absolutely a great accomplishment. All the information that they were able to get from that launch.</p><p><br /> </p><p><strong>[00:52:36.390] - Agnieszka</strong></p><p>Exactly. So that's what the failure it's not really a failure. It's like when you fall, you have to learn from it. And if you don't take the lesson, then it's a waste of time. Right. So instead of beating yourself up, just sit down, look through your charts, see, journal what you did, that you can improve next time. What you did. What you did good. Because there's always something good that you did. It's not like it's not just, oh, I lost money. I don't want to look at this anymore. No, that's a waste of money. Now you don't take the lesson. At least if you paid, take the lesson.</p><p><br /> </p><p><strong>[00:53:13.160] - CurlyGal</strong></p><p>Exactly. Take the lesson. I love that. I love how you put that there.</p><p><br /> </p><p><strong>[00:53:18.110] - Agnieszka</strong></p><p>Thank you. That brings us to the end of this episode, and I really hope that this discussion, which was fantastic, and thank you so much for that, will help traders who are listening to gain some new perspectives and also encourage them to look at the trading journey from, I would say more realistic point of view. Right. Because for most traders, it is really not the world of Ferraris and cocktails on a private yacht. To make this journey successful, you need to demand a lot from yourself. So wherever you are in your journey, you need to ask yourself, can you commit to that demand?</p><p><br /> </p><p><strong>[00:54:01.370] - CurlyGal</strong></p><p>Yes. That's a great question.</p><p><br /> </p><p><strong>[00:54:03.790] - Agnieszka</strong></p><p>Thank you so much for joining us today. CurlyGal, Investor and for this candid conversation. I really appreciate you sharing your experience and your point of views, which are so valuable. So thank you. Thank you so much for that.</p><p><br /> </p><p><strong>[00:54:19.600] - CurlyGal</strong></p><p>Thank you for having me.</p><p><br /> </p><p><strong>[00:54:22.050] - Agnieszka</strong></p><p>And thank you for listening to the Confidence in Trading Podcast. If you enjoy my show, please review it and rate it on Apple podcast and be sure to subscribe so you can come back for a real, live conversation in the next episode. Until then. This is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="52721833" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/1bed9c23-c0ab-41e8-9dad-2c4fe2bb776b/audio/a36cc71e-443c-4bf2-95ab-cb0a53e01bf5/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Reality vs. Illusion in Trading</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:54:55</itunes:duration>
      <itunes:summary>Get ready for an eye-opening episode as Agnieszka sits down with a CurlyGal Investor, who is a passionate day trader and experienced Social Worker. She has captivated an impressive number of Twitter followers as she&apos;s sharing the unfiltered truth about trading, documenting her real story from day one - the highs and lows.</itunes:summary>
      <itunes:subtitle>Get ready for an eye-opening episode as Agnieszka sits down with a CurlyGal Investor, who is a passionate day trader and experienced Social Worker. She has captivated an impressive number of Twitter followers as she&apos;s sharing the unfiltered truth about trading, documenting her real story from day one - the highs and lows.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>9</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">023037fe-4c13-4ef4-b8a5-c6376faad0f4</guid>
      <title>The Family Factor</title>
      <description><![CDATA[<p>Get ready for an exciting episode with the remarkable Casey Stubbs! Casey is not only a 9 ½ year United States Army Veteran, but also a thriving business owner, a respected leader in his local church, author of The Ultimate Harmonic Pattern Strategy Book, and of course a trader for a living. Oh, and not to mention that he's also a devoted husband and father of nine! </p><p>Join Agnieszka as she dives into a captivating conversation with Casey about the challenges that traders face when they want to turn trading into a full-time gig. Discover Casey's secrets to balancing the pressures of providing for a family while pursuing a trading career. He spills the beans on his journey from trading as a hobby to trading for a living and shares his wisdom on the importance of having an additional income source to ease financial stress. Brace yourself as they debunk the myth of trading as a quick fix for financial struggles and reveal the key ingredients: discipline and learning from mistakes.</p><p><strong>About Casey Stubbs</strong></p><p>Casey Stubbs is the host of the popular podcast "How To Trade It," where he shares his insights and expertise in the world of trading. Additionally, Casey is also the founder of <a href="http://tradingstrategyguides.com/">TradingStrategyGuides.com</a>, a website that offers a variety of trading strategies and resources for traders of all levels, and the newly released <a href="http://globalproptrader.com/">GlobalPropTrader.com</a> for proprietary trading. With over two decades of experience in the industry, Casey has a wealth of knowledge to share with his audience, and his podcast and websites are widely considered to be among the most valuable resources for traders looking to improve their skills and increase their chances of success in the markets.  Casey is dedicated to helping people from all walks of life fulfill their financial dreams, while also achieving financial freedom. Helping others is at the heart of all that drives Casey on a daily basis.   </p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Casey Stubbs:</strong></p><ul><li>Website: <a href="https://tradingstrategyguides.com/">https://tradingstrategyguides.com/</a></li><li>Website:  <a href="https://globalproptrader.com/">https://globalproptrader.com/ </a></li><li>Website:    <a href="https://caseystubbs.com/">https://caseystubbs.com</a></li><li>YouTube:   <a href="https://www.youtube.com/TradingStrategyGuides">https://www.youtube.com/TradingStrategyGuides</a></li><li>YouTube:   <a href="https://www.youtube.com/caseystubbs">https://www.youtube.com/caseystubbs</a></li><li>Twitter:       <a href="https://www.twitter.com/caseystubbs">https://www.twitter.com/caseystubbs</a></li><li>Facebook:  <a href="https://www.facebook.com/TradingStrategyGuides">https://www.facebook.com/TradingStrategyGuides</a></li><li>LinkedIn:    <a href="https://linkedin.com/in/caseystubbs">https://linkedin.com/in/caseystubbs</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p><strong>[00:00:00.650] - Agnieszka</strong></p><p>I am Agnieszka Wood. Welcome to the Confidence in Trading Podcast. Let me introduce my special guest on today's show, Casey Stubbs. Casey is a nine-and-a-half-year United States Army veteran and entrepreneur, a leader in his local church, a successful business owner, and a trader. In 2009, Casey launched his first trading business, winners Edge Trading, which generated over 6 million in revenue. He then went on to launch several other successful brands, including Trading Strategy Guides, Learn to Trade for Profit, Finance & Markets, and Price Action & Income. Casey is also the author of The Ultimate Harmonic Pattern Strategy book, the most accurate harmonic patterns, and how to trade them. I met Casey a few years ago when I had the honor to be invited as a guest to his very own How to Trade It podcast. We have kept in touch since, and Casey has been supporting me greatly throughout my development as a head coach, which I am incredibly grateful for. I invited Katie to my podcast not just because he has achieved all these great things and has a wealth of knowledge that all traders can benefit from, but also because he's a married man and a father of nine and he has managed to find a way to combine trading and providing for the family.</p><p><br /> </p><p><strong>[00:01:37.550] - Agnieszka</strong></p><p>And I am very excited to talk with Casey about it today because that is something that creates huge pressure for many traders. Welcome, to episode number eight: <i>the Family Factor – how it impacts your trading</i>. Hi Casey. Welcome to my podcast, and thank you for being open to sharing your experience in this rather private field.</p><p><br /> </p><p><strong>[00:02:01.320] - Casey</strong></p><p>Hi, Agnieszka. Thank you so much for having me. Quite an honor to be on the show. Really excited to be here today.</p><p><br /> </p><p><strong>[00:02:09.880] - Agnieszka</strong></p><p>Thank you. Thank you so much. Casey, could you tell us a little bit more about your trading journey? How did it start and how is it developing?</p><p><br /> </p><p><strong>[00:02:20.650] - Casey</strong></p><p>Okay, so I have a really cool story about trading, and I'm really fortunate. So I started as a kid. Being interested in computers. So I grew up in the computers were new, and my aunt Mary. She worked at Intel, which makes computer chips. And so she would be bringing home computers, like parts, computer parts, and she would get extra parts that they would not need anymore, they would be throwing away or whatever. And so we'd put the computers together and she showed me how to do all that. So that created a great interest for me in technology. Me and my brothers, actually, we all. We’re interested in computers. Well, it was fun. It was just so much fun. And I didn't realize it at the time because it was fun for me because we were playing games and we were putting stuff together. But I didn't realize that the computer generation, I had no idea that the future was the computers. I didn't know that my aunt was giving me an interest that was aligned. With great future skills and growth. So I was getting a skill and. I didn't even know it, which is. Kind of a good way to trick a kid into getting high-value skills.</p><p><br /> </p><p><strong>[00:03:32.690] - Agnieszka</strong></p><p>Totally. What the timing!</p><p><br /> </p><p><strong>[00:03:34.750] - Casey</strong></p><p>Yeah. And so it turned out that my dad was involved in the stock market, and I didn't really know that he was a mechanic, a very hardworking guy, but he would be putting extra money into that. Made into the stock market. And so when I was in high school, the stock market started to get. Online trading in the early ninety s. And he didn't know how to use a computer. They didn't have computers when he was a kid. And so he's like, hey, I need. To set up my stocks, but I don't know how to use a computer. So I would help him. I got him set up, got the computer running, and hooked up the stock programs for him. And then in the process, I was. Like, what is this stock trading? This thing is amazing. I'm blown away. In my mind, I'm an instant millionaire as a teenager, like so excited about picking stocks.</p><p><br /> </p><p><strong>[00:04:27.810] - Agnieszka</strong></p><p>Wow, that is incredible. So at what age did you actually start trading?</p><p><br /> </p><p><strong>[00:04:33.130] - Casey</strong></p><p>So I practiced a little bit with my dad, and then when I got. Out of high school, I didn't want. To go to college, I joined the army. And in the army, I made $800 a month. That was in 1996. In today's money, that's not a lot of money.</p><p><br /> </p><p><strong>[00:04:53.200] - Agnieszka</strong></p><p>No. Was it at that time?</p><p><br /> </p><p><strong>[00:04:55.980] - Casey</strong></p><p>Not really. But as a 19-year-old kid. And the army, they pay for all your stuff, right? And so I remembered, I don't know. How I remembered that I was interested in trading. So with my very early on, I got an army bonus because they paid me a bonus because I picked a. Combat field that didn't get a lot of volunteers. So they paid me a $5,000 bonus. And so I took that money and I put all of it into trading accounts. And so I was stationed over in. Germany and I'd take, I don't know. How much I'd take, but most of my paycheck every time went right into my stock account. And so four years later, by the time I got out, I had over $30,000 in stocks. And it was a great time to be in. I wasn't really trading, but it was a great time because it was a big run-up from 1996. That there was what they called the.com bubble. And so I bought some tech stocks, I bought intel and I bought Cisco Systems, which was a really big one at the time. And I just made a massive return. From a very small amount of just whatever I put in every week.</p><p><br /> </p><p><strong>[00:06:07.910] - Agnieszka</strong></p><p>That is a great start. But how did you feel about it? Did you consider it something that you were lucky to make that money, or you thought, okay, this is how the stock market works? This is how it's going to be from now on. I'll be just always making money in the stock market.</p><p><br /> </p><p><strong>[00:06:21.930] - Casey</strong></p><p>It's funny because as such a young person, I still didn't really have a clue as to what was going on. I mean, I was really just very fortunate, and I didn't realize it, and I got even more fortunate. And so if you're listening to this and you think, oh, it's all your good fortune, no, I fell on my face many times. I got a good start, which helped because it got me interested. It kept the spark going because I was like, oh if I can do this once, I can do it again. But I got out in 2000, and. I got out almost at the top of that's when I got out of the army. But I got out of the market at the same time because I'm thinking, okay, I'm going to take this money and I'm going to roll it into a business. So I sold everything, and I started. My own business, which was a carpet cleaning business. And the reason I did carpet cleaning. Was because my first job was out of. The army was a carpet cleaner. And I saw my boss would show up at 08:00 in the morning, give us the jobs, and then he didn't. Do anything else all day. And I'm thinking, oh, I want to be like this guy. I want to do nothing all day. And I would bring him home, like. $500 from all day. When I didn't do it, I made like 50 and he made 500. I'm like, Wait a second, I want. To do what he's doing. So I sold all my stocks and. I bought this carpet cleaning franchise, and. That didn't end well at all. I totally crashed that into the ground for a lot of reasons. Just immaturity not knowing how to run a business, personal problems, just a lot of things that happened. And so then at that point, I. Decided to get back into the market.</p><p><br /> </p><p><strong>[00:07:58.640] - Agnieszka</strong></p><p>To make the money back.</p><p><br /> </p><p><strong>[00:08:01.370] - Casey</strong></p><p>Yeah, to try to get it back, to build a foundation. I've had many ups and downs. I've had many ups and downs. So that's basically how I got started, and I really started my love of trading.</p><p><br /> </p><p><strong>[00:08:13.320] - Agnieszka</strong></p><p>And was there a point where you followed trading education, or was it something that you have actually just taught yourself how to trade?</p><p><br /> </p><p><strong>[00:08:23.420] - Casey</strong></p><p>So. I love learning, and so do I. Would read a lot of books. I love reading. I read probably one book a week on average, and I have for years and years and years. And so I mix it up between trading books and history.</p><p><br /> </p><p><strong>[00:08:45.110] - Agnieszka</strong></p><p>Wow. You have to give me the secret. When do you find time for that?</p><p><br /> </p><p><strong>[00:08:50.010] - Casey</strong></p><p>Well, here's the secret. I call it reading, but listening is the new reading. So I drive to work, I listen to books, and I put them on two X. Because it gets them done faster.</p><p><br /> </p><p><strong>[00:09:01.730] - Agnieszka</strong></p><p>That's smart. Wow. I got to try that.</p><p><br /> </p><p><strong>[00:09:05.230] - Casey</strong></p><p>When you first start, it's like, oh, this is too fast. But after you do it for a while, your brain gets used to the speed, I bet.</p><p><br /> </p><p><strong>[00:09:13.650] - Agnieszka</strong></p><p>I never really considered that. Yeah.</p><p><br /> </p><p><strong>[00:09:16.130] - Casey</strong></p><p>See, you work from home, though. A lot of people I know nowadays. Are working from home. I have nine kids, so I could not have an office at home that they would know about. It would have to be underground, hidden. And so I work in an office. It's about a 30-minute drive too.</p><p><br /> </p><p><strong>[00:09:29.930] - Agnieszka</strong></p><p>Work, which is a nice way to spend time for yourself. Right. And for the books. Yeah, I'm much more of a paper person, so I really like the physical books. I still keep buying physical books.</p><p><br /> </p><p><strong>[00:09:44.610] - Casey</strong></p><p>I like real books. It's the problem of time. I don't have time to read them. I read very few real books now.</p><p><br /> </p><p><strong>[00:09:52.320] - Agnieszka</strong></p><p>Yes, I know. That's why I was asking about your secret, but now I know it. All right, so you basically learn from books, the trade. Right. And was there any point where you thought, okay, I'm going to transition my trading to trade for a living? Because, you see, many traders want to trade for a living, and they cannot make trading work because of the pressure of having to provide for their families. Like, at what point those two met in your life, like, that you started a family, and what was your trading looking like at that point?</p><p><br /> </p><p><strong>[00:10:37.360] - Casey</strong></p><p>Okay, so this is a very important question. This is very important, and I have a great answer to this, and I. Have a couple of key steps I. Think that anybody can follow. So the first thing is to make sure you're making money somewhere else. Right. You've got to be making money somewhere. Else because it's just like you said, it's total pressure. It's lots of pressure to do that. And so the way that I did it was I was working in construction. And I had a very young family just starting out. So this was in 2008, so I only had four kids at that time, so pretty early. Pretty early, yeah. And so they were little, too. They were all little. And I was working in construction, and in 2008, we had a real economic slowdown. The market went down pretty significantly.</p><p><br /> </p><p><strong>[00:11:42.600] - Agnieszka</strong></p><p>Were you trading at the time as well?</p><p><br /> </p><p><strong>[00:11:44.500] - Casey</strong></p><p>No, I had some stocks. I had a stock account because I always put money in. That was the early thing that I. Learned from the army. Take money. And this is everybody should be doing this. You got to have a margin, right? There's got to be a margin in your life, which means you have to be spending less money than what you're making. And even if your bills are maxed out and you can't afford certain things, or even if you're not paying certain. Things, take that money out and put it somewhere that can return the money. It doesn't have to be trading, but it could be trading. It could be investing, it could be dividends, it could be real estate, it doesn't matter. Take that money out, whatever. You pick a number. Pick a number. One of the I guess a great way to say is just take 10%. And put that aside. You can live on 90%, right? And I'm being 100% truthful. It doesn't matter how bad things are. You can always take that 10% off. And do it before anything else happens.</p><p><br /> </p><p><strong>[00:12:51.130] - Agnieszka</strong></p><p>Yeah. And even I have been in situations when things were bad and there is always this you can always live without something, right?</p><p><br /> </p><p><strong>[00:13:00.280] - Casey</strong></p><p>Here's one thing I tell people, and. I'm not even really getting to my story yet, but I always tell people. Look, trading is not getting rich quickly and seeing the problem. Here's why I think most people fail. And I'm not going to blame the advertisements or the marketers. It's a mindset thing and maybe the. Marketers have something to do with it. You see a commercial that says make. A million dollars trading. But people are trying. They're in financial pain. And it doesn't matter if the economy is good or the economy is bad. There are people that are in financial pain and so they come to trading. To try to solve that financial pain, okay? And that is not even 100% of it. The time, that's never going to work. Because you're treating trading as a lottery ticket, right? You're going to go in there, you're. Going to start trading, and now your financial pain is going to go away. And that's not the case. There's a problem. You need to solve a financial problem and it's all about managing your money, okay? And yes, it's hard to make money right now. The jobs do not pay a lot. Kind of what we just talked about, they don't pay a lot. But you got to learn to take that 10% off and start investing it, right? Because if you can't manage your own. With personal finances, you're not going to be able to manage your trades. It's a fundamental skill that you need to manage, which is managing money, being. Able to have a margin. You got to have a margin in your trading. You got to have a margin in your personal life. And the market is not a casino. If you go into it, you're going to get destroyed and your personal pain. That your experience is going to get worse, right?</p><p><br /> </p><p><strong>[00:14:43.560] - Agnieszka</strong></p><p>And a lot of traders go into the market and instead of creating the.</p><p><br /> </p><p><strong>[00:14:47.310] - Casey</strong></p><p>Margin, they trade on margin, which is a terrible idea, right? Because then the pain is even worse, right?</p><p><br /> </p><p><strong>[00:14:56.110] - Agnieszka</strong></p><p>The market, stock market, or trading is not an Advil pill that is going to take your pain away. It actually will worsen the condition, the reason why you have pain in the first place.</p><p><br /> </p><p><strong>[00:15:07.860] - Casey</strong></p><p>It's like putting your problem and putting. It is on ten X. Ten X is your problem. So if you want to hit ground zero faster, then there you go. There's that point where you break that. The breaking point, which I think many of. We have been through, I've been through a couple of times.</p><p><br /> </p><p><strong>[00:15:25.780] - Agnieszka</strong></p><p>Yeah, definitely.</p><p><br /> </p><p><strong>[00:15:27.180] - Casey</strong></p><p>To me, that's the best way to do it. Change is just basically falling on your face really hard.</p><p><br /> </p><p><strong>[00:15:31.950] - Agnieszka</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:15:32.640] - Casey</strong></p><p>And then willing to change, willing to.</p><p><br /> </p><p><strong>[00:15:35.790] - Agnieszka</strong></p><p>Learn from those falls. Right?</p><p><br /> </p><p><strong>[00:15:38.140] - Casey</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:15:38.760] - Agnieszka</strong></p><p>Back to your story. So when you had four kids and you were trading, you were working, actually, for the construction company. Have you ever considered going full-time trading?</p><p><br /> </p><p><strong>[00:15:52.530] - Casey</strong></p><p>I was just so into investing and putting my money in the market. I have always done that. And so that's just something that I paid attention to. I was always looking for stocks. So what actually happened to get me? Trading that I ended up losing my job. Okay. And so the economy was bad. I was building houses and construction, and. I was laid off and there was no work. I applied everywhere.</p><p><br /> </p><p><strong>[00:16:21.140] - Agnieszka</strong></p><p>Similar story for a lot of traders because of COVID Right. So I'm sure a lot of people are listening very carefully right now.</p><p><br /> </p><p><strong>[00:16:29.310] - Casey</strong></p><p>Yeah. And so then I was like, okay. Well, maybe I need to figure out something else. And so I started to research and. I realized that I had a skill. Set with the markets and understand the markets. And I also had that skill set that I talked about, which was computers. And I was pretty tech-savvy. I understood the internet. And so while I started to trade. I thought, you know what, I'm just. Going to start a website as well. And I'm going to see if I can generate some revenue from the web. And so I started a website. The name of it was called Winter's Edge Trading. And I was documenting my trading activity. I was kind of going through a process where, hey, look, I'm trading, I'm. Trying to create some side revenue trading. And so I started a website. And so what happened was that the. The website started to take off. I was trading and I wasn't really. Very good because I made a lot of mistakes and I wasn't making money, but I was making money from the website. So the website was giving me side revenue, which is why I tell people. Get money coming in and keep that money coming in until you're ready to make that switch. Or you don't ever have to if. You don't want to. Or you could switch from something that you enjoy more. Because I do like working. I like trading. I like working. I want to create multiple streams of revenue. So that's really important. And so here's a little thing that. I always find it really interesting. I found this article online and it's called How to Make $1,000 a Month Online. And so I found that article and it was really long and in-depth. And this is a kind of education.</p><p><br /> </p><p><strong>[00:18:36.890] - Casey</strong></p><p>I just followed it step by step, everything that the article told me to do. And from there, I learned how to make $1,000 a month online from my website. And as I was continuing to trade, then I was making money trading and. Making money from my website. And so the thing is, nowadays, nowadays it's a lot harder, right? I was at the perfect time to start a website. So now I wouldn't tell you like, go out and start a website.</p><p><br /> </p><p><strong>[00:19:12.440] - Agnieszka</strong></p><p>Everyone has a website.</p><p><br /> </p><p><strong>[00:19:13.460] - Casey</strong></p><p>Because the market saturates saturated. I wouldn't even tell you to start a YouTube channel because everybody's on YouTube. And so one good thing that's happened. Nowadays that I have been really working hard to get traders involved in prop trading, which means that you can. Pay for a practice test on a prop firm. And so, for example, I recently launched a prop firm and it's called Global Prop Trader.</p><p><br /> </p><p><strong>[00:19:44.230] - Agnieszka</strong></p><p>Nice.</p><p><br /> </p><p><strong>[00:19:44.940] - Casey</strong></p><p>And so if you go in and. You pay $250 and you pass the test, you get access to $25,000 in funds, right? So that's a way to start generating. Revenue is a little bit faster. But you still have to start very small. You have to learn how to be. Successful with a little bit. And I've been talking a lot, so. I'll let you interrupt. But I would just add one little thing.</p><p><br /> </p><p><strong>[00:20:10.020] - Agnieszka</strong></p><p>Do you also teach them how to trade? So imagine if someone is not really good at trading or not trading at all yet. Is this the way you would recommend learning to trade?</p><p><br /> </p><p><strong>[00:20:22.250] - Casey</strong></p><p>Well, yeah. So the biggest thing with trading in my mind is you're the mindset coach and so you're big on mindset. So the mindset has got to be really important. We talked about the casino. Mindset doesn’t look at the market as a casino. The next step is to plan your trading journey. Realize that you're going to go from steps one, two, three, and four. And it's a, it's a process, it's a trading process. It's a learning process. It's a phase that you have to change your mindset. You have to grow discipline. There are just so many things that you. Have to change as a person. So you have to plan that journey. So taking the test is probably the last step. You don't want to do that early. And so consistency is another big one. Start small and don't worry about making. A certain amount of money. Yeah. Your goal might be $1,000 a month. To start, don't worry about that. Worry about making a dollar. If you can make a dollar a day or whatever consistently, then you can. Worry about making $2. But it's a lot easier to learn. To make that dollar more than it is with these big numbers.</p><p><br /> </p><p><strong>[00:21:34.320] - Agnieszka</strong></p><p>Yeah. And I think indeed that starts all with the mindset, like how do you step in there? Like if you want to make a big amount of money quickly, then you will always rush it. Right, but what's the rush? Well, the rush is if people don't make money next to trading, they are in a hurry because they have a need that has to be fulfilled. But I always say to my students, the need is always there, whether you make money or you don't make money trading or with your business. Because everyone has a need to pay the bills, right? The need is always there. The thing is, like, how do you perform despite the need? Because if you say, I'm stressed because I need to make money. Yeah, everyone needs to make money because we need money to live, that's very normal. But you have to learn how to deal with that pressure. And then when you have a family, now you have a bigger family than just four, right? So basically what I hear you saying is you have always kept an extra income next to so you had multiple sources of income, basically to be able to trade without the pressure, right?</p><p><br /> </p><p><strong>[00:22:56.760] - Casey</strong></p><p>Yes. And trading without pressure, I think is important. And in life in general, that's why another reason why that 10% is so important is because of margin, because nothing moves in a straight line. It's always like up and down. Right. And so you need to be able. To withstand downs, because if it comes. Down and you start feeling squeezed and your emotions start kicking in, that's when you're going to start making a lot of mistakes. And so I really appreciated that you. Just said in a hurry, and I don't know if I can get people to believe me when I tell them that. So I want to know if you. Have found a way to get people to actually believe you when you tell them that they're in too much of a hurry. And what's your secret about it?</p><p><br /> </p><p><strong>[00:23:47.020] - Agnieszka</strong></p><p>Well, I think the key here is what I help them to disconnect from is to help them understand what is their hurry, and what is the real need that they have. And once you realize everyone has the need, what really makes you have pressure is something else that they need. It's all the things that people put in their heads. So I try to listen very carefully to what they say to me because people will tell you literally with their words what's in their head. Right. So usually it's about them making it if you will. They just want to be successful. They just want to finally, after all this struggle, they just want to finally be done with that pressure. It's not even about the money. Right. And that is where that hurry comes from. Because there is this idea of one day that is going to come and then after that day when I made it. Everything will be beautiful in my life, and I will never have problems, and my trading will be fantastic. I'll be making money every day. This day does not exist, so don't hurry. There is nowhere to hurry too because it's a day-to-day process. Just like when you work for a boss, when you work for your own company or trading, you go in, and every day you put in effort. The next day you do the same thing. And the day after and the day after. It's not that. When you have a job, you think, oh, I have to hurry because one day, finally the job is over. No, there will be always something to do. So even when you are trading, you will always learn. You will always have that pressure because it's a high-pressure environment. And what you need to learn is to release that pressure, release that need of desperation. I think it's a lot about being desperate, and we know that if you're desperate, you will never get a good deal. Right? I like to compare them. When you need a car and you go to a dealership, they will smell it. If you're desperate, you will not get a good deal. So don't be desperate. Don't be desperate. In the market.</p><p><br /> </p><p><strong>[00:26:29.780] - Casey</strong></p><p>Yeah, the market knows when you're desperate.</p><p><br /> </p><p><strong>[00:26:33.610] - Agnieszka</strong></p><p>Exactly.</p><p><br /> </p><p><strong>[00:26:34.060] - Casey</strong></p><p>The market knows. Man, that's really good!</p><p><br /> </p><p><strong>[00:26:36.430] - Agnieszka</strong></p><p>Thanks.</p><p><br /> </p><p><strong>[00:26:36.880] - Casey</strong></p><p>That's really good because, man, I'm always. In a hurry, and well, not always. I'm getting a lot better, but that's been very difficult for me. So, my son, he's 16, and he. Doesn’t have any means, right? I mean, I take care of all of his stuff, and he has a job, too, and he makes money, and yet he's in a huge hurry. He's 16, and he's just like, me. Got to do this. He's 16, and he's like, I need. To start this business, I need. To make all this money, I need to do this. I'm like, why?</p><p><br /> </p><p><strong>[00:27:13.530] - Agnieszka</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:27:14.060] - Casey</strong></p><p>So this is some good I need to talk to him about this. I don't know. When I tell him, he doesn't necessarily listen to me because he's very young, but you don't need to be in a hurry. He's like, yes, I do. I need it now. But it's that same he feels like he needs to make it. He needs to do something great. That's what it is.</p><p><br /> </p><p><strong>[00:27:32.190] - Agnieszka</strong></p><p>Yeah. So now the question is, okay, so where do you need to get to? Where do you want to get to? What's the hurry? Okay, and now you're there. And now what?</p><p><br /> </p><p><strong>[00:27:42.580] - Casey</strong></p><p>Yeah, so now you are there.</p><p><br /> </p><p><strong>[00:27:45.300] - Agnieszka</strong></p><p>What do you think happens? Do you think life stops or what? Do you think you're ready? And then what you'll be sipping on?</p><p><br /> </p><p><strong>[00:27:52.310] - Casey</strong></p><p>Yeah, then you're miserable. Anyways.</p><p><br /> </p><p><strong>[00:27:55.850] - Agnieszka</strong></p><p>I know. It's really funny that you said it, because some of my students, actually, their whole idea was to trade just maybe three times a week right? Just three trades a week. And then they got all this time on their hands. Now they're doing it. And then there is the next problem popping up. What do I do with all my time?</p><p><br /> </p><p><strong>[00:28:19.860] - Casey</strong></p><p>Right? Yeah. Well, I try to talk to people. About that on the front end. Right? I talk to that on the front end. Because before you start trading, you need to have a purpose. Right. A purpose is really important, and that's. Why I like working. Okay. I want to teach people to trade. I'm going to make some trades, and. Then I'm going to work on creating content. I want to help people learn to trade.</p><p><br /> </p><p><strong>[00:28:49.600] - Agnieszka</strong></p><p>Absolutely.</p><p><br /> </p><p><strong>[00:28:50.040] - Casey</strong></p><p>I want to help them accomplish their dreams.</p><p><br /> </p><p><strong>[00:28:51.970] - Agnieszka</strong></p><p>Yes. Because I work with my students on defining a mission and their vision for life. Because it's not like, okay, you can have some goals, but then you achieve them, and then what else is there? Right. And that when you have something that is bigger than yourself. That's really where your efforts matter. And that's also what will push you through those difficult moments when things are not going that great or when it's difficult to be consistent. I run this challenge in April with my students of everyone picked their habits. We have, like, an app that tracks that. And there is an award if you have 80 or over percent of the habits that you are able to stick to. So consistency, right? It's not easy, especially if you really work on this consistency. For many people, trading is impossible because they cannot be consistent in their life. So having your own business, which you have a lot of experience in, and being a trader, has a lot of things in common. Right. One of them is the uncertainty of income because you just never know what will come in, especially at the beginning, whether you begin your business or whether you begin trading. And to bring money in consistently, you really have to keep putting in your effort consistently, just like with those habits. And even then, there are no real guarantees because you don't control other people, right? You only control yourself. So what was your way to deal with that uncertainty? And does that pressure that this uncertainty causes ever go away? Because now you have a big family, you're running a business, and you have run multiple businesses. Does this pressure ever go away?</p><p><br /> </p><p><strong>[00:31:04.230] - Casey</strong></p><p>Wow. I would say no. There's always a responsibility. When you have a responsibility, then that creates extra pressure. But I honestly think it's a good thing. So I have people working for me. And I like to hire young people. And so whenever they get married and they have a kid, I get really excited because now I know that they're. A lot more responsible than they were before. Right. Now they have to actually show up to work like before. You know, what if they took a few days off? No big deal. But. Now they have to be there. There's something about responsibility that when people are counting on you, that really helps keep you focused.</p><p><br /> </p><p><strong>[00:31:53.390] - Agnieszka</strong></p><p>That is so beautiful. It's actually a great perspective because from a trading perspective, that could be instead of a pressure builder, could be a motivator for people. I have to stick to my road because I have a responsibility towards my family. Right. Seeing it from the positive perspective, actually having this responsibility helps me to stay disciplined instead of, oh, my God, all this responsibility on my head. I have to make money quickly, so let me just throw some money into this stock because it's moving like crazy.</p><p><br /> </p><p><strong>[00:32:26.850] - Casey</strong></p><p>Yeah. I look at my life as kind of like when you think about the. Gym as a business person and as a trader, I have a certain level of capacity. Capacity is the amount of a load. That I can personally carry, whether that's responsibilities, whether that's how much money I can handle, all of those different things are in my bucket. Right. What I can carry in my bucket. And so, as a human being, I. Want to work on increasing my capacity. And the only way to increase your capacity is to push the limits. Right. If you're not going to push the limits, if you're not going to go through the pain, some people say it's getting out of your comfort zone, but getting out of your comfort zone, pushing the limits, doing things you've never done before and not giving up, that's how you increase your capacity.</p><p><br /> </p><p><strong>[00:33:19.160] - Agnieszka</strong></p><p>Wow, I just got goosebumps. This is just like gold, people, you got to write this down. Seriously, Casey, this is fantastic. This is a great way to see that, because that getting out of our comfort zone, that pressure that we are experiencing in life or in the market, is what always causes resistance. Right. Something we try to avoid. But the way you bring it is actually a very positive thing. And instead of getting scared of it and trying to run away from it and fight it, lean into it and let it help you to be able to carry more. That's so beautiful. Wow.</p><p><br /> </p><p><strong>[00:34:10.590] - Casey</strong></p><p>Thanks. Yeah. That's how you change. And I think we go from a mindset we don't see that going in. And so if we embrace it, we have the mindset, oh, this is changing me. Yes. This is uncomfortable. But if I believe I have faith, I think faith is a really important part. I'm always trusting God with my life. Like, okay, I'm going to come out okay through this.</p><p><br /> </p><p><strong>[00:34:35.500] - Agnieszka</strong></p><p>Yes. My yoga teacher would say, what you resist persists. What you embrace passes with grace. He always liked that... [chuckles]</p><p><br /> </p><p><strong>[00:34:47.080] - Casey</strong></p><p>Embrace! Yeah, that's true. Yeah.</p><p><br /> </p><p><strong>[00:34:51.710] - Agnieszka</strong></p><p>So is there anything else that you would like to tell our listeners that could help them to relieve that pressure of responsibility to provide for their family?</p><p><br /> </p><p><strong>[00:35:05.010] - Casey</strong></p><p>Well, I think we covered most of it. I mean, getting a good education will help, but just not giving up. And I would also say get help, get help. Find a friend. Finding a real friend in life is. Really hard because you're embarrassed. Like, oh man, I don't want to. Tell Agnieszka about all these problems. She thinks I'm a cool person. I don't want to tell her about this, how could I do that? But a real friend is not going. To point the finger or say, well, you know what, you made this mistake. You made that mistake. They're just going to help you. They're like, okay, well, you're doing okay, keep going. Or maybe you could try this. You know, just getting somebody in your life, right? I have, I have. So that's a big secret. I have a lot of good people in my life, people that, that support me, people that have a lot more. Experience than me, people that I can share things with. Like, I just do life with people. I don't do life alone. I get experienced people that really care. About me in my life.</p><p><br /> </p><p><strong>[00:36:21.790] - Agnieszka</strong></p><p>That's beautiful. That is beautiful. And I think that also helps to create a sort of softness also towards yourself. Because we tend to be very hard on ourselves, especially ambitious people. And most people who get into trading are very ambitious. And I always recommend treating yourself like you would a good friend, become your best friend as well. Because if you can be your own friend, instead of putting yourself down all the time and calling yourself words when things don't go right, that will help you so much knowing that you actually have an ally in you. Right. Because it will be also easier, just like a good friend, it will be easier for you to admit that you're wrong. And in trading, trying to be right and proving yourself right, it's a big issue. Right. So being your own friend helps you in a lot of different areas in trading and then plus having great people around you to support you, that's the key.</p><p><br /> </p><p><strong>[00:37:35.570] - Casey</strong></p><p>Yeah, it can be hard to learn to be a friend to yourself. Like you said, ambitious people like, oh my goodness, look at all of the. Mistakes I made, this whole thing. So I always tell people, don't blame. Other people because that's a disaster. That will never work. Don't ever blame anybody. But then again, blaming yourself doesn't work. Either because, yeah, sure, you made the mistakes. Yeah, it's your fault. Yeah, you're a total loser and a total failure. Yes, that's all true. But if you say that stuff about yourself, you're going to dwell on it instead. I just like it. If my thought pops in, I get it out, I replace it. I do thought replacement. Oh, you're a loser. No, I'm going to persevere. I'm going to change my behavior. I'm going to do something different. Yes, this circumstance isn't good, but I'm going to push through. Right. I try to be a good friend of myself and you got to learn how to do that. That's a skill.</p><p><br /> </p><p><strong>[00:38:35.200] - Agnieszka</strong></p><p>That is a skill and that's one of the skills that I teach because we have about 70,000 thoughts a day and there's a lot to manage and we definitely don't have to believe all of them, most of them not. And they are simply not helping us and definitely being aware of that process. And I know that in general, we call this mindfulness. I do like to call it to mind awareness rather because when your mind is full that nothing good comes from it. I take words very literally.</p><p><br /> </p><p><strong>[00:39:11.990] - Casey</strong></p><p>That's a great idea. I think good is important.</p><p><br /> </p><p><strong>[00:39:15.170] - Agnieszka</strong></p><p>Yes, totally. Especially the words that we tell you and mindful.</p><p><br /> </p><p><strong>[00:39:18.910] - Casey</strong></p><p>I never thought of that. See, I'm learning a lot, like I. A lot of times forget things because as I talked about capacity, I'm trying to do 50 million things and so sometimes I forget the most basic stuff, right?</p><p><br /> </p><p><strong>[00:39:33.380] - Agnieszka</strong></p><p>And you know, mental awareness really helps you to be in the moment because this is really where all these other problems disappear. To be in the moment and dealing with something right now, not something that might happen in the future because 90% of those things are not going to happen that we are afraid of. Things that happened in the past already happened. So it doesn't make sense to dwell on those too. Blame doesn't really help anyone, should have doesn't help anything. So when you can focus on what is happening right now and really enjoy that process that is something that I strive to personally be there all the time with all the hundred thousand things that I'm with ideas. And trying to do to bring them to life. Sometimes it's pretty challenging because I am, in general, very a person with a lot of different ideas. And if I could, I would start working on them all at the same time, immediately. So trading is a sort of meditative experience at this point for me where I can actually focus on one thing and I think that is something that a lot of people could strive towards because that will help you also experience life instead of rushing to someplace in the future, forgetting to live.</p><p><br /> </p><p><strong>[00:41:06.140] - Casey</strong></p><p>That's good.</p><p><br /> </p><p><strong>[00:41:09.590] - Agnieszka</strong></p><p>Well, thank you so much, Casey, that was a great conversation, I really enjoyed it, and thank you so much for sharing all these insights that from your experience, which is an absolutely captivating and inspiring story. We know each other for several years but I had no idea of a lot of them. So thank you for sharing that. I really enjoy that. Well, that brings us to the end of this episode, and I hope it will help traders who are listening to gain some new perspectives and understand that making the transition to trade for a living, it's always a decision about being able to handle the uncertainty and the load and the pressure and do everything to like Casey said, increase your capacity and making sure that you don't put all your eggs in one basket. Right. Let go of the worry and focus on your effort instead of focusing on the result, focusing on the process, and not rushing into anything, but just being grateful for what you have right now. And if you have a job that is paying you your bills, don't try to quit it as soon as possible. Make sure that you have something instead or next to it so that you don't create unnecessary pressure and let this transition happen organically. An attitude of gratitude, I think, is really key here.</p><p>Thank you for listening to the Confidence in Trading podcast. If you enjoy my show, please review it and rate it on the Apple podcast and be sure to subscribe so you can come back for a real-life conversation in the next episode. Until then, this is Agnieszka Wood from ahead. Coach. And don't forget, you too can realize your dreams without losing yourself and you’re in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 30 Jun 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Get ready for an exciting episode with the remarkable Casey Stubbs! Casey is not only a 9 ½ year United States Army Veteran, but also a thriving business owner, a respected leader in his local church, author of The Ultimate Harmonic Pattern Strategy Book, and of course a trader for a living. Oh, and not to mention that he's also a devoted husband and father of nine! </p><p>Join Agnieszka as she dives into a captivating conversation with Casey about the challenges that traders face when they want to turn trading into a full-time gig. Discover Casey's secrets to balancing the pressures of providing for a family while pursuing a trading career. He spills the beans on his journey from trading as a hobby to trading for a living and shares his wisdom on the importance of having an additional income source to ease financial stress. Brace yourself as they debunk the myth of trading as a quick fix for financial struggles and reveal the key ingredients: discipline and learning from mistakes.</p><p><strong>About Casey Stubbs</strong></p><p>Casey Stubbs is the host of the popular podcast "How To Trade It," where he shares his insights and expertise in the world of trading. Additionally, Casey is also the founder of <a href="http://tradingstrategyguides.com/">TradingStrategyGuides.com</a>, a website that offers a variety of trading strategies and resources for traders of all levels, and the newly released <a href="http://globalproptrader.com/">GlobalPropTrader.com</a> for proprietary trading. With over two decades of experience in the industry, Casey has a wealth of knowledge to share with his audience, and his podcast and websites are widely considered to be among the most valuable resources for traders looking to improve their skills and increase their chances of success in the markets.  Casey is dedicated to helping people from all walks of life fulfill their financial dreams, while also achieving financial freedom. Helping others is at the heart of all that drives Casey on a daily basis.   </p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Casey Stubbs:</strong></p><ul><li>Website: <a href="https://tradingstrategyguides.com/">https://tradingstrategyguides.com/</a></li><li>Website:  <a href="https://globalproptrader.com/">https://globalproptrader.com/ </a></li><li>Website:    <a href="https://caseystubbs.com/">https://caseystubbs.com</a></li><li>YouTube:   <a href="https://www.youtube.com/TradingStrategyGuides">https://www.youtube.com/TradingStrategyGuides</a></li><li>YouTube:   <a href="https://www.youtube.com/caseystubbs">https://www.youtube.com/caseystubbs</a></li><li>Twitter:       <a href="https://www.twitter.com/caseystubbs">https://www.twitter.com/caseystubbs</a></li><li>Facebook:  <a href="https://www.facebook.com/TradingStrategyGuides">https://www.facebook.com/TradingStrategyGuides</a></li><li>LinkedIn:    <a href="https://linkedin.com/in/caseystubbs">https://linkedin.com/in/caseystubbs</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p><strong>[00:00:00.650] - Agnieszka</strong></p><p>I am Agnieszka Wood. Welcome to the Confidence in Trading Podcast. Let me introduce my special guest on today's show, Casey Stubbs. Casey is a nine-and-a-half-year United States Army veteran and entrepreneur, a leader in his local church, a successful business owner, and a trader. In 2009, Casey launched his first trading business, winners Edge Trading, which generated over 6 million in revenue. He then went on to launch several other successful brands, including Trading Strategy Guides, Learn to Trade for Profit, Finance & Markets, and Price Action & Income. Casey is also the author of The Ultimate Harmonic Pattern Strategy book, the most accurate harmonic patterns, and how to trade them. I met Casey a few years ago when I had the honor to be invited as a guest to his very own How to Trade It podcast. We have kept in touch since, and Casey has been supporting me greatly throughout my development as a head coach, which I am incredibly grateful for. I invited Katie to my podcast not just because he has achieved all these great things and has a wealth of knowledge that all traders can benefit from, but also because he's a married man and a father of nine and he has managed to find a way to combine trading and providing for the family.</p><p><br /> </p><p><strong>[00:01:37.550] - Agnieszka</strong></p><p>And I am very excited to talk with Casey about it today because that is something that creates huge pressure for many traders. Welcome, to episode number eight: <i>the Family Factor – how it impacts your trading</i>. Hi Casey. Welcome to my podcast, and thank you for being open to sharing your experience in this rather private field.</p><p><br /> </p><p><strong>[00:02:01.320] - Casey</strong></p><p>Hi, Agnieszka. Thank you so much for having me. Quite an honor to be on the show. Really excited to be here today.</p><p><br /> </p><p><strong>[00:02:09.880] - Agnieszka</strong></p><p>Thank you. Thank you so much. Casey, could you tell us a little bit more about your trading journey? How did it start and how is it developing?</p><p><br /> </p><p><strong>[00:02:20.650] - Casey</strong></p><p>Okay, so I have a really cool story about trading, and I'm really fortunate. So I started as a kid. Being interested in computers. So I grew up in the computers were new, and my aunt Mary. She worked at Intel, which makes computer chips. And so she would be bringing home computers, like parts, computer parts, and she would get extra parts that they would not need anymore, they would be throwing away or whatever. And so we'd put the computers together and she showed me how to do all that. So that created a great interest for me in technology. Me and my brothers, actually, we all. We’re interested in computers. Well, it was fun. It was just so much fun. And I didn't realize it at the time because it was fun for me because we were playing games and we were putting stuff together. But I didn't realize that the computer generation, I had no idea that the future was the computers. I didn't know that my aunt was giving me an interest that was aligned. With great future skills and growth. So I was getting a skill and. I didn't even know it, which is. Kind of a good way to trick a kid into getting high-value skills.</p><p><br /> </p><p><strong>[00:03:32.690] - Agnieszka</strong></p><p>Totally. What the timing!</p><p><br /> </p><p><strong>[00:03:34.750] - Casey</strong></p><p>Yeah. And so it turned out that my dad was involved in the stock market, and I didn't really know that he was a mechanic, a very hardworking guy, but he would be putting extra money into that. Made into the stock market. And so when I was in high school, the stock market started to get. Online trading in the early ninety s. And he didn't know how to use a computer. They didn't have computers when he was a kid. And so he's like, hey, I need. To set up my stocks, but I don't know how to use a computer. So I would help him. I got him set up, got the computer running, and hooked up the stock programs for him. And then in the process, I was. Like, what is this stock trading? This thing is amazing. I'm blown away. In my mind, I'm an instant millionaire as a teenager, like so excited about picking stocks.</p><p><br /> </p><p><strong>[00:04:27.810] - Agnieszka</strong></p><p>Wow, that is incredible. So at what age did you actually start trading?</p><p><br /> </p><p><strong>[00:04:33.130] - Casey</strong></p><p>So I practiced a little bit with my dad, and then when I got. Out of high school, I didn't want. To go to college, I joined the army. And in the army, I made $800 a month. That was in 1996. In today's money, that's not a lot of money.</p><p><br /> </p><p><strong>[00:04:53.200] - Agnieszka</strong></p><p>No. Was it at that time?</p><p><br /> </p><p><strong>[00:04:55.980] - Casey</strong></p><p>Not really. But as a 19-year-old kid. And the army, they pay for all your stuff, right? And so I remembered, I don't know. How I remembered that I was interested in trading. So with my very early on, I got an army bonus because they paid me a bonus because I picked a. Combat field that didn't get a lot of volunteers. So they paid me a $5,000 bonus. And so I took that money and I put all of it into trading accounts. And so I was stationed over in. Germany and I'd take, I don't know. How much I'd take, but most of my paycheck every time went right into my stock account. And so four years later, by the time I got out, I had over $30,000 in stocks. And it was a great time to be in. I wasn't really trading, but it was a great time because it was a big run-up from 1996. That there was what they called the.com bubble. And so I bought some tech stocks, I bought intel and I bought Cisco Systems, which was a really big one at the time. And I just made a massive return. From a very small amount of just whatever I put in every week.</p><p><br /> </p><p><strong>[00:06:07.910] - Agnieszka</strong></p><p>That is a great start. But how did you feel about it? Did you consider it something that you were lucky to make that money, or you thought, okay, this is how the stock market works? This is how it's going to be from now on. I'll be just always making money in the stock market.</p><p><br /> </p><p><strong>[00:06:21.930] - Casey</strong></p><p>It's funny because as such a young person, I still didn't really have a clue as to what was going on. I mean, I was really just very fortunate, and I didn't realize it, and I got even more fortunate. And so if you're listening to this and you think, oh, it's all your good fortune, no, I fell on my face many times. I got a good start, which helped because it got me interested. It kept the spark going because I was like, oh if I can do this once, I can do it again. But I got out in 2000, and. I got out almost at the top of that's when I got out of the army. But I got out of the market at the same time because I'm thinking, okay, I'm going to take this money and I'm going to roll it into a business. So I sold everything, and I started. My own business, which was a carpet cleaning business. And the reason I did carpet cleaning. Was because my first job was out of. The army was a carpet cleaner. And I saw my boss would show up at 08:00 in the morning, give us the jobs, and then he didn't. Do anything else all day. And I'm thinking, oh, I want to be like this guy. I want to do nothing all day. And I would bring him home, like. $500 from all day. When I didn't do it, I made like 50 and he made 500. I'm like, Wait a second, I want. To do what he's doing. So I sold all my stocks and. I bought this carpet cleaning franchise, and. That didn't end well at all. I totally crashed that into the ground for a lot of reasons. Just immaturity not knowing how to run a business, personal problems, just a lot of things that happened. And so then at that point, I. Decided to get back into the market.</p><p><br /> </p><p><strong>[00:07:58.640] - Agnieszka</strong></p><p>To make the money back.</p><p><br /> </p><p><strong>[00:08:01.370] - Casey</strong></p><p>Yeah, to try to get it back, to build a foundation. I've had many ups and downs. I've had many ups and downs. So that's basically how I got started, and I really started my love of trading.</p><p><br /> </p><p><strong>[00:08:13.320] - Agnieszka</strong></p><p>And was there a point where you followed trading education, or was it something that you have actually just taught yourself how to trade?</p><p><br /> </p><p><strong>[00:08:23.420] - Casey</strong></p><p>So. I love learning, and so do I. Would read a lot of books. I love reading. I read probably one book a week on average, and I have for years and years and years. And so I mix it up between trading books and history.</p><p><br /> </p><p><strong>[00:08:45.110] - Agnieszka</strong></p><p>Wow. You have to give me the secret. When do you find time for that?</p><p><br /> </p><p><strong>[00:08:50.010] - Casey</strong></p><p>Well, here's the secret. I call it reading, but listening is the new reading. So I drive to work, I listen to books, and I put them on two X. Because it gets them done faster.</p><p><br /> </p><p><strong>[00:09:01.730] - Agnieszka</strong></p><p>That's smart. Wow. I got to try that.</p><p><br /> </p><p><strong>[00:09:05.230] - Casey</strong></p><p>When you first start, it's like, oh, this is too fast. But after you do it for a while, your brain gets used to the speed, I bet.</p><p><br /> </p><p><strong>[00:09:13.650] - Agnieszka</strong></p><p>I never really considered that. Yeah.</p><p><br /> </p><p><strong>[00:09:16.130] - Casey</strong></p><p>See, you work from home, though. A lot of people I know nowadays. Are working from home. I have nine kids, so I could not have an office at home that they would know about. It would have to be underground, hidden. And so I work in an office. It's about a 30-minute drive too.</p><p><br /> </p><p><strong>[00:09:29.930] - Agnieszka</strong></p><p>Work, which is a nice way to spend time for yourself. Right. And for the books. Yeah, I'm much more of a paper person, so I really like the physical books. I still keep buying physical books.</p><p><br /> </p><p><strong>[00:09:44.610] - Casey</strong></p><p>I like real books. It's the problem of time. I don't have time to read them. I read very few real books now.</p><p><br /> </p><p><strong>[00:09:52.320] - Agnieszka</strong></p><p>Yes, I know. That's why I was asking about your secret, but now I know it. All right, so you basically learn from books, the trade. Right. And was there any point where you thought, okay, I'm going to transition my trading to trade for a living? Because, you see, many traders want to trade for a living, and they cannot make trading work because of the pressure of having to provide for their families. Like, at what point those two met in your life, like, that you started a family, and what was your trading looking like at that point?</p><p><br /> </p><p><strong>[00:10:37.360] - Casey</strong></p><p>Okay, so this is a very important question. This is very important, and I have a great answer to this, and I. Have a couple of key steps I. Think that anybody can follow. So the first thing is to make sure you're making money somewhere else. Right. You've got to be making money somewhere. Else because it's just like you said, it's total pressure. It's lots of pressure to do that. And so the way that I did it was I was working in construction. And I had a very young family just starting out. So this was in 2008, so I only had four kids at that time, so pretty early. Pretty early, yeah. And so they were little, too. They were all little. And I was working in construction, and in 2008, we had a real economic slowdown. The market went down pretty significantly.</p><p><br /> </p><p><strong>[00:11:42.600] - Agnieszka</strong></p><p>Were you trading at the time as well?</p><p><br /> </p><p><strong>[00:11:44.500] - Casey</strong></p><p>No, I had some stocks. I had a stock account because I always put money in. That was the early thing that I. Learned from the army. Take money. And this is everybody should be doing this. You got to have a margin, right? There's got to be a margin in your life, which means you have to be spending less money than what you're making. And even if your bills are maxed out and you can't afford certain things, or even if you're not paying certain. Things, take that money out and put it somewhere that can return the money. It doesn't have to be trading, but it could be trading. It could be investing, it could be dividends, it could be real estate, it doesn't matter. Take that money out, whatever. You pick a number. Pick a number. One of the I guess a great way to say is just take 10%. And put that aside. You can live on 90%, right? And I'm being 100% truthful. It doesn't matter how bad things are. You can always take that 10% off. And do it before anything else happens.</p><p><br /> </p><p><strong>[00:12:51.130] - Agnieszka</strong></p><p>Yeah. And even I have been in situations when things were bad and there is always this you can always live without something, right?</p><p><br /> </p><p><strong>[00:13:00.280] - Casey</strong></p><p>Here's one thing I tell people, and. I'm not even really getting to my story yet, but I always tell people. Look, trading is not getting rich quickly and seeing the problem. Here's why I think most people fail. And I'm not going to blame the advertisements or the marketers. It's a mindset thing and maybe the. Marketers have something to do with it. You see a commercial that says make. A million dollars trading. But people are trying. They're in financial pain. And it doesn't matter if the economy is good or the economy is bad. There are people that are in financial pain and so they come to trading. To try to solve that financial pain, okay? And that is not even 100% of it. The time, that's never going to work. Because you're treating trading as a lottery ticket, right? You're going to go in there, you're. Going to start trading, and now your financial pain is going to go away. And that's not the case. There's a problem. You need to solve a financial problem and it's all about managing your money, okay? And yes, it's hard to make money right now. The jobs do not pay a lot. Kind of what we just talked about, they don't pay a lot. But you got to learn to take that 10% off and start investing it, right? Because if you can't manage your own. With personal finances, you're not going to be able to manage your trades. It's a fundamental skill that you need to manage, which is managing money, being. Able to have a margin. You got to have a margin in your trading. You got to have a margin in your personal life. And the market is not a casino. If you go into it, you're going to get destroyed and your personal pain. That your experience is going to get worse, right?</p><p><br /> </p><p><strong>[00:14:43.560] - Agnieszka</strong></p><p>And a lot of traders go into the market and instead of creating the.</p><p><br /> </p><p><strong>[00:14:47.310] - Casey</strong></p><p>Margin, they trade on margin, which is a terrible idea, right? Because then the pain is even worse, right?</p><p><br /> </p><p><strong>[00:14:56.110] - Agnieszka</strong></p><p>The market, stock market, or trading is not an Advil pill that is going to take your pain away. It actually will worsen the condition, the reason why you have pain in the first place.</p><p><br /> </p><p><strong>[00:15:07.860] - Casey</strong></p><p>It's like putting your problem and putting. It is on ten X. Ten X is your problem. So if you want to hit ground zero faster, then there you go. There's that point where you break that. The breaking point, which I think many of. We have been through, I've been through a couple of times.</p><p><br /> </p><p><strong>[00:15:25.780] - Agnieszka</strong></p><p>Yeah, definitely.</p><p><br /> </p><p><strong>[00:15:27.180] - Casey</strong></p><p>To me, that's the best way to do it. Change is just basically falling on your face really hard.</p><p><br /> </p><p><strong>[00:15:31.950] - Agnieszka</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:15:32.640] - Casey</strong></p><p>And then willing to change, willing to.</p><p><br /> </p><p><strong>[00:15:35.790] - Agnieszka</strong></p><p>Learn from those falls. Right?</p><p><br /> </p><p><strong>[00:15:38.140] - Casey</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:15:38.760] - Agnieszka</strong></p><p>Back to your story. So when you had four kids and you were trading, you were working, actually, for the construction company. Have you ever considered going full-time trading?</p><p><br /> </p><p><strong>[00:15:52.530] - Casey</strong></p><p>I was just so into investing and putting my money in the market. I have always done that. And so that's just something that I paid attention to. I was always looking for stocks. So what actually happened to get me? Trading that I ended up losing my job. Okay. And so the economy was bad. I was building houses and construction, and. I was laid off and there was no work. I applied everywhere.</p><p><br /> </p><p><strong>[00:16:21.140] - Agnieszka</strong></p><p>Similar story for a lot of traders because of COVID Right. So I'm sure a lot of people are listening very carefully right now.</p><p><br /> </p><p><strong>[00:16:29.310] - Casey</strong></p><p>Yeah. And so then I was like, okay. Well, maybe I need to figure out something else. And so I started to research and. I realized that I had a skill. Set with the markets and understand the markets. And I also had that skill set that I talked about, which was computers. And I was pretty tech-savvy. I understood the internet. And so while I started to trade. I thought, you know what, I'm just. Going to start a website as well. And I'm going to see if I can generate some revenue from the web. And so I started a website. The name of it was called Winter's Edge Trading. And I was documenting my trading activity. I was kind of going through a process where, hey, look, I'm trading, I'm. Trying to create some side revenue trading. And so I started a website. And so what happened was that the. The website started to take off. I was trading and I wasn't really. Very good because I made a lot of mistakes and I wasn't making money, but I was making money from the website. So the website was giving me side revenue, which is why I tell people. Get money coming in and keep that money coming in until you're ready to make that switch. Or you don't ever have to if. You don't want to. Or you could switch from something that you enjoy more. Because I do like working. I like trading. I like working. I want to create multiple streams of revenue. So that's really important. And so here's a little thing that. I always find it really interesting. I found this article online and it's called How to Make $1,000 a Month Online. And so I found that article and it was really long and in-depth. And this is a kind of education.</p><p><br /> </p><p><strong>[00:18:36.890] - Casey</strong></p><p>I just followed it step by step, everything that the article told me to do. And from there, I learned how to make $1,000 a month online from my website. And as I was continuing to trade, then I was making money trading and. Making money from my website. And so the thing is, nowadays, nowadays it's a lot harder, right? I was at the perfect time to start a website. So now I wouldn't tell you like, go out and start a website.</p><p><br /> </p><p><strong>[00:19:12.440] - Agnieszka</strong></p><p>Everyone has a website.</p><p><br /> </p><p><strong>[00:19:13.460] - Casey</strong></p><p>Because the market saturates saturated. I wouldn't even tell you to start a YouTube channel because everybody's on YouTube. And so one good thing that's happened. Nowadays that I have been really working hard to get traders involved in prop trading, which means that you can. Pay for a practice test on a prop firm. And so, for example, I recently launched a prop firm and it's called Global Prop Trader.</p><p><br /> </p><p><strong>[00:19:44.230] - Agnieszka</strong></p><p>Nice.</p><p><br /> </p><p><strong>[00:19:44.940] - Casey</strong></p><p>And so if you go in and. You pay $250 and you pass the test, you get access to $25,000 in funds, right? So that's a way to start generating. Revenue is a little bit faster. But you still have to start very small. You have to learn how to be. Successful with a little bit. And I've been talking a lot, so. I'll let you interrupt. But I would just add one little thing.</p><p><br /> </p><p><strong>[00:20:10.020] - Agnieszka</strong></p><p>Do you also teach them how to trade? So imagine if someone is not really good at trading or not trading at all yet. Is this the way you would recommend learning to trade?</p><p><br /> </p><p><strong>[00:20:22.250] - Casey</strong></p><p>Well, yeah. So the biggest thing with trading in my mind is you're the mindset coach and so you're big on mindset. So the mindset has got to be really important. We talked about the casino. Mindset doesn’t look at the market as a casino. The next step is to plan your trading journey. Realize that you're going to go from steps one, two, three, and four. And it's a, it's a process, it's a trading process. It's a learning process. It's a phase that you have to change your mindset. You have to grow discipline. There are just so many things that you. Have to change as a person. So you have to plan that journey. So taking the test is probably the last step. You don't want to do that early. And so consistency is another big one. Start small and don't worry about making. A certain amount of money. Yeah. Your goal might be $1,000 a month. To start, don't worry about that. Worry about making a dollar. If you can make a dollar a day or whatever consistently, then you can. Worry about making $2. But it's a lot easier to learn. To make that dollar more than it is with these big numbers.</p><p><br /> </p><p><strong>[00:21:34.320] - Agnieszka</strong></p><p>Yeah. And I think indeed that starts all with the mindset, like how do you step in there? Like if you want to make a big amount of money quickly, then you will always rush it. Right, but what's the rush? Well, the rush is if people don't make money next to trading, they are in a hurry because they have a need that has to be fulfilled. But I always say to my students, the need is always there, whether you make money or you don't make money trading or with your business. Because everyone has a need to pay the bills, right? The need is always there. The thing is, like, how do you perform despite the need? Because if you say, I'm stressed because I need to make money. Yeah, everyone needs to make money because we need money to live, that's very normal. But you have to learn how to deal with that pressure. And then when you have a family, now you have a bigger family than just four, right? So basically what I hear you saying is you have always kept an extra income next to so you had multiple sources of income, basically to be able to trade without the pressure, right?</p><p><br /> </p><p><strong>[00:22:56.760] - Casey</strong></p><p>Yes. And trading without pressure, I think is important. And in life in general, that's why another reason why that 10% is so important is because of margin, because nothing moves in a straight line. It's always like up and down. Right. And so you need to be able. To withstand downs, because if it comes. Down and you start feeling squeezed and your emotions start kicking in, that's when you're going to start making a lot of mistakes. And so I really appreciated that you. Just said in a hurry, and I don't know if I can get people to believe me when I tell them that. So I want to know if you. Have found a way to get people to actually believe you when you tell them that they're in too much of a hurry. And what's your secret about it?</p><p><br /> </p><p><strong>[00:23:47.020] - Agnieszka</strong></p><p>Well, I think the key here is what I help them to disconnect from is to help them understand what is their hurry, and what is the real need that they have. And once you realize everyone has the need, what really makes you have pressure is something else that they need. It's all the things that people put in their heads. So I try to listen very carefully to what they say to me because people will tell you literally with their words what's in their head. Right. So usually it's about them making it if you will. They just want to be successful. They just want to finally, after all this struggle, they just want to finally be done with that pressure. It's not even about the money. Right. And that is where that hurry comes from. Because there is this idea of one day that is going to come and then after that day when I made it. Everything will be beautiful in my life, and I will never have problems, and my trading will be fantastic. I'll be making money every day. This day does not exist, so don't hurry. There is nowhere to hurry too because it's a day-to-day process. Just like when you work for a boss, when you work for your own company or trading, you go in, and every day you put in effort. The next day you do the same thing. And the day after and the day after. It's not that. When you have a job, you think, oh, I have to hurry because one day, finally the job is over. No, there will be always something to do. So even when you are trading, you will always learn. You will always have that pressure because it's a high-pressure environment. And what you need to learn is to release that pressure, release that need of desperation. I think it's a lot about being desperate, and we know that if you're desperate, you will never get a good deal. Right? I like to compare them. When you need a car and you go to a dealership, they will smell it. If you're desperate, you will not get a good deal. So don't be desperate. Don't be desperate. In the market.</p><p><br /> </p><p><strong>[00:26:29.780] - Casey</strong></p><p>Yeah, the market knows when you're desperate.</p><p><br /> </p><p><strong>[00:26:33.610] - Agnieszka</strong></p><p>Exactly.</p><p><br /> </p><p><strong>[00:26:34.060] - Casey</strong></p><p>The market knows. Man, that's really good!</p><p><br /> </p><p><strong>[00:26:36.430] - Agnieszka</strong></p><p>Thanks.</p><p><br /> </p><p><strong>[00:26:36.880] - Casey</strong></p><p>That's really good because, man, I'm always. In a hurry, and well, not always. I'm getting a lot better, but that's been very difficult for me. So, my son, he's 16, and he. Doesn’t have any means, right? I mean, I take care of all of his stuff, and he has a job, too, and he makes money, and yet he's in a huge hurry. He's 16, and he's just like, me. Got to do this. He's 16, and he's like, I need. To start this business, I need. To make all this money, I need to do this. I'm like, why?</p><p><br /> </p><p><strong>[00:27:13.530] - Agnieszka</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:27:14.060] - Casey</strong></p><p>So this is some good I need to talk to him about this. I don't know. When I tell him, he doesn't necessarily listen to me because he's very young, but you don't need to be in a hurry. He's like, yes, I do. I need it now. But it's that same he feels like he needs to make it. He needs to do something great. That's what it is.</p><p><br /> </p><p><strong>[00:27:32.190] - Agnieszka</strong></p><p>Yeah. So now the question is, okay, so where do you need to get to? Where do you want to get to? What's the hurry? Okay, and now you're there. And now what?</p><p><br /> </p><p><strong>[00:27:42.580] - Casey</strong></p><p>Yeah, so now you are there.</p><p><br /> </p><p><strong>[00:27:45.300] - Agnieszka</strong></p><p>What do you think happens? Do you think life stops or what? Do you think you're ready? And then what you'll be sipping on?</p><p><br /> </p><p><strong>[00:27:52.310] - Casey</strong></p><p>Yeah, then you're miserable. Anyways.</p><p><br /> </p><p><strong>[00:27:55.850] - Agnieszka</strong></p><p>I know. It's really funny that you said it, because some of my students, actually, their whole idea was to trade just maybe three times a week right? Just three trades a week. And then they got all this time on their hands. Now they're doing it. And then there is the next problem popping up. What do I do with all my time?</p><p><br /> </p><p><strong>[00:28:19.860] - Casey</strong></p><p>Right? Yeah. Well, I try to talk to people. About that on the front end. Right? I talk to that on the front end. Because before you start trading, you need to have a purpose. Right. A purpose is really important, and that's. Why I like working. Okay. I want to teach people to trade. I'm going to make some trades, and. Then I'm going to work on creating content. I want to help people learn to trade.</p><p><br /> </p><p><strong>[00:28:49.600] - Agnieszka</strong></p><p>Absolutely.</p><p><br /> </p><p><strong>[00:28:50.040] - Casey</strong></p><p>I want to help them accomplish their dreams.</p><p><br /> </p><p><strong>[00:28:51.970] - Agnieszka</strong></p><p>Yes. Because I work with my students on defining a mission and their vision for life. Because it's not like, okay, you can have some goals, but then you achieve them, and then what else is there? Right. And that when you have something that is bigger than yourself. That's really where your efforts matter. And that's also what will push you through those difficult moments when things are not going that great or when it's difficult to be consistent. I run this challenge in April with my students of everyone picked their habits. We have, like, an app that tracks that. And there is an award if you have 80 or over percent of the habits that you are able to stick to. So consistency, right? It's not easy, especially if you really work on this consistency. For many people, trading is impossible because they cannot be consistent in their life. So having your own business, which you have a lot of experience in, and being a trader, has a lot of things in common. Right. One of them is the uncertainty of income because you just never know what will come in, especially at the beginning, whether you begin your business or whether you begin trading. And to bring money in consistently, you really have to keep putting in your effort consistently, just like with those habits. And even then, there are no real guarantees because you don't control other people, right? You only control yourself. So what was your way to deal with that uncertainty? And does that pressure that this uncertainty causes ever go away? Because now you have a big family, you're running a business, and you have run multiple businesses. Does this pressure ever go away?</p><p><br /> </p><p><strong>[00:31:04.230] - Casey</strong></p><p>Wow. I would say no. There's always a responsibility. When you have a responsibility, then that creates extra pressure. But I honestly think it's a good thing. So I have people working for me. And I like to hire young people. And so whenever they get married and they have a kid, I get really excited because now I know that they're. A lot more responsible than they were before. Right. Now they have to actually show up to work like before. You know, what if they took a few days off? No big deal. But. Now they have to be there. There's something about responsibility that when people are counting on you, that really helps keep you focused.</p><p><br /> </p><p><strong>[00:31:53.390] - Agnieszka</strong></p><p>That is so beautiful. It's actually a great perspective because from a trading perspective, that could be instead of a pressure builder, could be a motivator for people. I have to stick to my road because I have a responsibility towards my family. Right. Seeing it from the positive perspective, actually having this responsibility helps me to stay disciplined instead of, oh, my God, all this responsibility on my head. I have to make money quickly, so let me just throw some money into this stock because it's moving like crazy.</p><p><br /> </p><p><strong>[00:32:26.850] - Casey</strong></p><p>Yeah. I look at my life as kind of like when you think about the. Gym as a business person and as a trader, I have a certain level of capacity. Capacity is the amount of a load. That I can personally carry, whether that's responsibilities, whether that's how much money I can handle, all of those different things are in my bucket. Right. What I can carry in my bucket. And so, as a human being, I. Want to work on increasing my capacity. And the only way to increase your capacity is to push the limits. Right. If you're not going to push the limits, if you're not going to go through the pain, some people say it's getting out of your comfort zone, but getting out of your comfort zone, pushing the limits, doing things you've never done before and not giving up, that's how you increase your capacity.</p><p><br /> </p><p><strong>[00:33:19.160] - Agnieszka</strong></p><p>Wow, I just got goosebumps. This is just like gold, people, you got to write this down. Seriously, Casey, this is fantastic. This is a great way to see that, because that getting out of our comfort zone, that pressure that we are experiencing in life or in the market, is what always causes resistance. Right. Something we try to avoid. But the way you bring it is actually a very positive thing. And instead of getting scared of it and trying to run away from it and fight it, lean into it and let it help you to be able to carry more. That's so beautiful. Wow.</p><p><br /> </p><p><strong>[00:34:10.590] - Casey</strong></p><p>Thanks. Yeah. That's how you change. And I think we go from a mindset we don't see that going in. And so if we embrace it, we have the mindset, oh, this is changing me. Yes. This is uncomfortable. But if I believe I have faith, I think faith is a really important part. I'm always trusting God with my life. Like, okay, I'm going to come out okay through this.</p><p><br /> </p><p><strong>[00:34:35.500] - Agnieszka</strong></p><p>Yes. My yoga teacher would say, what you resist persists. What you embrace passes with grace. He always liked that... [chuckles]</p><p><br /> </p><p><strong>[00:34:47.080] - Casey</strong></p><p>Embrace! Yeah, that's true. Yeah.</p><p><br /> </p><p><strong>[00:34:51.710] - Agnieszka</strong></p><p>So is there anything else that you would like to tell our listeners that could help them to relieve that pressure of responsibility to provide for their family?</p><p><br /> </p><p><strong>[00:35:05.010] - Casey</strong></p><p>Well, I think we covered most of it. I mean, getting a good education will help, but just not giving up. And I would also say get help, get help. Find a friend. Finding a real friend in life is. Really hard because you're embarrassed. Like, oh man, I don't want to. Tell Agnieszka about all these problems. She thinks I'm a cool person. I don't want to tell her about this, how could I do that? But a real friend is not going. To point the finger or say, well, you know what, you made this mistake. You made that mistake. They're just going to help you. They're like, okay, well, you're doing okay, keep going. Or maybe you could try this. You know, just getting somebody in your life, right? I have, I have. So that's a big secret. I have a lot of good people in my life, people that, that support me, people that have a lot more. Experience than me, people that I can share things with. Like, I just do life with people. I don't do life alone. I get experienced people that really care. About me in my life.</p><p><br /> </p><p><strong>[00:36:21.790] - Agnieszka</strong></p><p>That's beautiful. That is beautiful. And I think that also helps to create a sort of softness also towards yourself. Because we tend to be very hard on ourselves, especially ambitious people. And most people who get into trading are very ambitious. And I always recommend treating yourself like you would a good friend, become your best friend as well. Because if you can be your own friend, instead of putting yourself down all the time and calling yourself words when things don't go right, that will help you so much knowing that you actually have an ally in you. Right. Because it will be also easier, just like a good friend, it will be easier for you to admit that you're wrong. And in trading, trying to be right and proving yourself right, it's a big issue. Right. So being your own friend helps you in a lot of different areas in trading and then plus having great people around you to support you, that's the key.</p><p><br /> </p><p><strong>[00:37:35.570] - Casey</strong></p><p>Yeah, it can be hard to learn to be a friend to yourself. Like you said, ambitious people like, oh my goodness, look at all of the. Mistakes I made, this whole thing. So I always tell people, don't blame. Other people because that's a disaster. That will never work. Don't ever blame anybody. But then again, blaming yourself doesn't work. Either because, yeah, sure, you made the mistakes. Yeah, it's your fault. Yeah, you're a total loser and a total failure. Yes, that's all true. But if you say that stuff about yourself, you're going to dwell on it instead. I just like it. If my thought pops in, I get it out, I replace it. I do thought replacement. Oh, you're a loser. No, I'm going to persevere. I'm going to change my behavior. I'm going to do something different. Yes, this circumstance isn't good, but I'm going to push through. Right. I try to be a good friend of myself and you got to learn how to do that. That's a skill.</p><p><br /> </p><p><strong>[00:38:35.200] - Agnieszka</strong></p><p>That is a skill and that's one of the skills that I teach because we have about 70,000 thoughts a day and there's a lot to manage and we definitely don't have to believe all of them, most of them not. And they are simply not helping us and definitely being aware of that process. And I know that in general, we call this mindfulness. I do like to call it to mind awareness rather because when your mind is full that nothing good comes from it. I take words very literally.</p><p><br /> </p><p><strong>[00:39:11.990] - Casey</strong></p><p>That's a great idea. I think good is important.</p><p><br /> </p><p><strong>[00:39:15.170] - Agnieszka</strong></p><p>Yes, totally. Especially the words that we tell you and mindful.</p><p><br /> </p><p><strong>[00:39:18.910] - Casey</strong></p><p>I never thought of that. See, I'm learning a lot, like I. A lot of times forget things because as I talked about capacity, I'm trying to do 50 million things and so sometimes I forget the most basic stuff, right?</p><p><br /> </p><p><strong>[00:39:33.380] - Agnieszka</strong></p><p>And you know, mental awareness really helps you to be in the moment because this is really where all these other problems disappear. To be in the moment and dealing with something right now, not something that might happen in the future because 90% of those things are not going to happen that we are afraid of. Things that happened in the past already happened. So it doesn't make sense to dwell on those too. Blame doesn't really help anyone, should have doesn't help anything. So when you can focus on what is happening right now and really enjoy that process that is something that I strive to personally be there all the time with all the hundred thousand things that I'm with ideas. And trying to do to bring them to life. Sometimes it's pretty challenging because I am, in general, very a person with a lot of different ideas. And if I could, I would start working on them all at the same time, immediately. So trading is a sort of meditative experience at this point for me where I can actually focus on one thing and I think that is something that a lot of people could strive towards because that will help you also experience life instead of rushing to someplace in the future, forgetting to live.</p><p><br /> </p><p><strong>[00:41:06.140] - Casey</strong></p><p>That's good.</p><p><br /> </p><p><strong>[00:41:09.590] - Agnieszka</strong></p><p>Well, thank you so much, Casey, that was a great conversation, I really enjoyed it, and thank you so much for sharing all these insights that from your experience, which is an absolutely captivating and inspiring story. We know each other for several years but I had no idea of a lot of them. So thank you for sharing that. I really enjoy that. Well, that brings us to the end of this episode, and I hope it will help traders who are listening to gain some new perspectives and understand that making the transition to trade for a living, it's always a decision about being able to handle the uncertainty and the load and the pressure and do everything to like Casey said, increase your capacity and making sure that you don't put all your eggs in one basket. Right. Let go of the worry and focus on your effort instead of focusing on the result, focusing on the process, and not rushing into anything, but just being grateful for what you have right now. And if you have a job that is paying you your bills, don't try to quit it as soon as possible. Make sure that you have something instead or next to it so that you don't create unnecessary pressure and let this transition happen organically. An attitude of gratitude, I think, is really key here.</p><p>Thank you for listening to the Confidence in Trading podcast. If you enjoy my show, please review it and rate it on the Apple podcast and be sure to subscribe so you can come back for a real-life conversation in the next episode. Until then, this is Agnieszka Wood from ahead. Coach. And don't forget, you too can realize your dreams without losing yourself and you’re in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="41683949" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/02f9f7be-8f0a-4e2e-ad9c-0ad40264e8ed/audio/d00e01da-b8d6-4d2b-9f59-ae1d4326ea52/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Family Factor</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:43:25</itunes:duration>
      <itunes:summary>Get ready for an exciting episode with the remarkable Casey Stubbs! In this episode Agnieszka dives into a captivating conversation with Casey about the challenges that traders face when they want to turn trading into a full-time gig. Discover Casey&apos;s secrets to balancing the pressures of providing for a family while pursuing a trading career. He spills the beans on his journey from trading as a hobby to trading for a living and shares his wisdom on the importance of having an additional income source to ease financial stress. Brace yourself as they debunk the myth of trading as a quick fix for financial struggles and reveal the key ingredients: discipline and learning from mistakes.</itunes:summary>
      <itunes:subtitle>Get ready for an exciting episode with the remarkable Casey Stubbs! In this episode Agnieszka dives into a captivating conversation with Casey about the challenges that traders face when they want to turn trading into a full-time gig. Discover Casey&apos;s secrets to balancing the pressures of providing for a family while pursuing a trading career. He spills the beans on his journey from trading as a hobby to trading for a living and shares his wisdom on the importance of having an additional income source to ease financial stress. Brace yourself as they debunk the myth of trading as a quick fix for financial struggles and reveal the key ingredients: discipline and learning from mistakes.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>8</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">9eceb586-d2da-4d18-b887-8629dd917806</guid>
      <title>The Untold Story</title>
      <description><![CDATA[<p>In this episode Agnieszka has a special guest, Kristen Vallejo - a thriving entrepreneur, a lifestyle photographer, and... a wife of the trader. Together they explore the world of trading but this time from a different perspective - a partner of a trader. Kristen and Agnieszka discuss challenges of trading faced not only by traders, but also by their partners, shedding light on the intricate web of emotions that both navigate. They emphasize the difficulty in providing advice or support, as the trader needs to come to their own decisions. Agnieszka shares her own story of how her trading impacted her husband. They both highlight the importance of emotional support and understanding in periods of poor trading decisions.</p><p>This episode is a must-listen for anyone looking to gain insight into how the trading world can affect relationships and how to overcome those obstacles together.</p><p> </p><p><strong>About Kristen Vallejo</strong></p><p>Over the years Kristen has become known for her light-hearted and thoughtful approach to portrait photography, and for the five-star experience that she provides to all of my clients. Empowering people to fall in love with photography (and themselves) gets her out of bed in the morning and drives her to continuously reinvent herself. She is a thorough planner, a dedicated listener, and she wants YOU to be the star of your own show.</p><p>Kristen eats, sleeps and breaths photography. If you start a new business, want to level up your dating game, refresh your corporate headshot, or you're ready to treat yourself to a transformational experience – Kristen is your go to. In a session with her you’ll laugh, you’ll feel empowered, and as she says "you’ll walk away with <i><strong>the best pictures that you have ever seen of yourself. </strong></i>You’ll feel free to be YOU, worthy of time and attention, and safe in a judgement-free zone. You will leave your session with self-confidence, and <i><strong>maybe</strong></i> you’ll feel just a tad invincible!"</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Kristen Vallejo:</strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: </a><a href="http://www.kristenvallejo.com/">www.kristenvallejo.com</a></li><li><a href="https://www.facebook.com/KristenVallejoPhoto">Facebook: Kristen Vallejo Photography</a></li><li><a href="https://instagram.com/kristen_vallejo_photography?igshid=MzRlODBiNWFlZA=="><strong>Instagram: </strong>kristen_vallejo_photography</a></li><li><a href="https://www.linkedin.com/in/kristen-basar-vallejo-8253498/"><strong>LinkedIn: AKristen Basar Vallejo</strong></a></li></ul><p>--</p><p><strong>Transcript</strong></p><p><strong>[00:00:03.730] - Agnieszka</strong></p><p>Welcome to the Confidence in Trading podcast. I am Agnieszka Wood and I am very excited to introduce my special guest, Kristen Vallejo. Kristen is a successful entrepreneur and a lifestyle photographer, capturing people and their pets in magazine-style scenarios to help them tell their stories, sell their products, connect, and feel empowered. When she does not have her hands on the camera she's either cooking, playing with dogs, or working out on her peloton. She's also a big fan of Yin Yoga, cheese, coffee, and BlackBerry pie. And some day she wants to live in a little stone house in the European countryside. All this sounds absolutely amazing and seems like a pretty relaxing lifestyle. What I did not mention to you yet is that she's also the wife of one of my former students. That's how I met Kristen and it's exactly what I want to talk about today. The trading journey was experienced from the sideline as a wife of a trader. Welcome, to episode number seven, behind every trader The Untold Story of their partner. Hi Kristen. Welcome to my podcast and thank you so much for your willingness to come into the spotlight and share your personal experience and perspective on this topic.</p><p><br /> </p><p><strong>[00:01:32.020] - Kristen</strong></p><p>Hi, Agnieszka. It's my pleasure. Thank you for having me.</p><p><strong>[00:01:35.010] - Agnieszka</strong></p><p>So training is such a hot topic these days, especially with COVID a lot of new people stepping into the arena, and soon after finding out that it's not easy as it seems. Can you tell us a little bit more about your first contact with trading?</p><p><strong>[00:01:53.050] - Kristen</strong></p><p>Sure. Trading was always something that felt foreign to me. I grew up in a small town in Ohio and finance New York City, the stock exchange trading were not at the top of everyone's minds at that time. So when I was in grade school and in high school, I had very little exposure to anything financial and probably first started hearing about it when I got to college. But as you could tell by my intro, I am a fine arts person. So math, numbers, anything like that wasn't really in my purview. And to be honest, at that time in my life, I steered clear of numbers as much as possible because it made me uncomfortable. It changed a little bit, but it really wasn't until my mid twenty s I got a job as a graphic designer at an investment bank.</p><p><strong>[00:02:51.730] - Agnieszka</strong></p><p>Oh, wow.</p><p><strong>[00:02:52.420] - Kristen</strong></p><p>Yeah. Weird, right? So started to learn a little bit about the culture and what was going on there and it became a little more palpable to me than it had in the past.</p><p><strong>[00:03:02.110] - Agnieszka</strong></p><p>Okay, so that's how your first contact with it was. How did you feel about it? Were you immediately interested? Because a lot of people who get in touch with trading and stock market and they see, oh my God, this is a way I can make money. Were you ever inspired to just try yourself? Being in that environment?</p><p><strong>[00:03:25.230] - Kristen</strong></p><p>That didn't really happen until recently, honestly. In my early 20s, when I first was exposed to investment banking, to be really honest, I was very turned off by the culture. My job was kind of the bottom of the barrel. I got to work on everything when there were deadlines and everybody was amped up and this was the mid-90, and investment banking was having its heyday. It was crazy. So the environment was crazy and aggressive. At least that's how it felt to me at the time. So it actually kind of pushed me a little further away from being interested in finance because I was like, that is not the life for me.</p><p><strong>[00:04:09.730] - Agnieszka</strong></p><p>You were like, that's exactly what I thought finance is.</p><p><strong>[00:04:13.330] - Kristen</strong></p><p>Yeah, [chuckles].</p><p><strong>[00:04:15.630] - Agnieszka</strong></p><p>That's why I don't like it.</p><p><strong>[00:04:17.890] - Kristen</strong></p><p>Confirmed. So still, at that point, I didn't think I would touch it with a ten-foot pole.</p><p><strong>[00:04:25.350] - Agnieszka</strong></p><p>All right, so when did you decide to touch it? Did it change or how did you meet guys with Rob? Was it not until you met Rob that you actually got back into looking at stocks or at the market?</p><p><strong>[00:04:42.380] - Kristen</strong></p><p>Yeah, I would say that's true, and even not at the very beginning. And oddly enough, we met at Goldman Sachs. So I had been living in San Francisco and worked in this design capacity at an investment bank, wanted to move to New York, got a transfer from one investment bank job to another one, and was still immersed in that culture. But from such a different perspective, when you're in those administrative roles, you don't really understand the financial opportunities, even though you're working within that realm since you were there, pounding away at jobs that support it, and you're not seeing the same financial benefits that those employees are, you don't understand how lucrative and rewarding it can be. So at that point in my life, it was just a job, it was a paycheck, it was something I had to get in and do and get as far away from as possible. And when I met Rob, we had dual roles at Goldman. He was in one building and I was in another, doing the same job. And he was intrigued by the atmosphere. I wanted to get the hell away from it. But hearing his perspective and what he wanted to learn from it and how he wanted to change his life with it, always piqued my interest and the nature of our relationship is that we're both very respectful of one another's interests and support. So I listened and I paid attention and I did my best to learn about what he was doing so that I could support him.</p><p><strong>[00:06:16.980] - Agnieszka</strong></p><p>So was he already trading at that time when he was working for Goldman Sachs? For himself?</p><p><strong>[00:06:21.950] - Kristen</strong></p><p>He was not. He as well as in an administrative role, but rather than being repelled by it like I was, he was drawn into it and wanted to get some of that for himself in some way. So when we first met and got together, he was just talking about wanting to do it. And it took a few years into our relationship for him to take steps toward actually being a trader.</p><p><strong>[00:06:45.370] - Agnieszka</strong></p><p>So when he told you, hey, listen, I'm going to be a trader, what was your first initial reaction? What did you think?</p><p><strong>[00:06:52.550] - Kristen</strong></p><p>I think by that point, I had kind of softened my feelings about the financial world and had a more objective and open-minded approach to it. And it's funny. Funnily enough, I hadn't thought about this, but we read a book. I think it was a biography of Warren Buffett. Rob wanted to listen to it in the car on the way to work one time.</p><p><strong>[00:07:18.990] - Agnieszka</strong></p><p>All right.</p><p><strong>[00:07:19.520] - Kristen</strong></p><p>And that book, I think, changed my mind about things to really understand the power of finance and how it didn't need to be this elusive thing behind the curtain, that it could be something that was accessible to both of us. So my mind was open by the time he got around to it.</p><p><strong>[00:07:38.530] - Agnieszka</strong></p><p>So did you know what you were getting into? Because day trading is very different than investing.</p><p><strong>[00:07:46.730] - Kristen</strong></p><p>I had no idea.</p><p><strong>[00:07:51.830] - Agnieszka</strong></p><p>What did you feel at that time? How did you imagine it to go? Did you have any pictures of it? How it's going to influence your life?</p><p><strong>[00:08:00.830] - Kristen</strong></p><p>No, I didn't. And since my experience with it had been watching what would you call, a pretty typical progression, right? A person goes to college, gets their finance degree, gets picked up by a firm, gets put through the rigmarole of 90 hours work weeks, and then spits them out to be a millionaire at the end. At least that's what it looked like. So when he told me he wanted to do this, I think I was a little afraid of not having time with him. I thought maybe he would get sucked into this lifestyle that was so counter to what we had created for ourselves. We were both really hard workers and have had our own businesses and put the hours in, but the reason we became our own bosses was so that we could have freedom and time. And I was a little concerned in the beginning that he was going to be whisked away on that path.</p><p><strong>[00:09:02.430] - Agnieszka</strong></p><p>Didn't you have a feeling because a lot of traders get into trading to have freedom where you're not like, but you have freedom?</p><p><strong>[00:09:10.290] - Kristen</strong></p><p>Yeah, I think he was really zeroed in on the financial freedom, and at that point, since we don't have kids, so that's not an issue to have to be around for children. But I think he still felt energetic enough that if it was going to take time, that was okay with him, but it wasn't necessarily okay with me.</p><p><strong>[00:09:33.750] - Agnieszka</strong></p><p>So what did you tell him? Were you just very diplomatic or how did you do that?</p><p><strong>[00:09:41.210] - Kristen</strong></p><p>I think the way that we cope with all things when one of us throws something new out is - let's explore it and feel it out and look at the pros and cons. And I don't think there are very many things that even if I don't have the most positive outlook on, I won't still at least try. And I never would have said, I don't want you to do this or this isn't for you. There have been a few things that we've tried out over the years that haven't worked out, but we're glad that we gave it a try anyway, just to see.</p><p><strong>[00:10:13.880] - Agnieszka</strong></p><p>Right.</p><p><strong>[00:10:14.340] - Kristen</strong></p><p>So I didn't really need to be diplomatic because I was willing to give it a try.</p><p><strong>[00:10:19.530] - Agnieszka</strong></p><p>Yeah, okay. I mean, it's really good to have the openness, right? Especially like, if you're not sure, what are you getting yourself into? And you can always think, okay, if it doesn't work, then you just stop.</p><p><strong>[00:10:31.880] - Kristen</strong></p><p>Yes, exactly.</p><p><strong>[00:10:32.940] - Agnieszka</strong></p><p>And that's very interesting because with trading, somehow, once you get into trading, it's not so easy to stop.</p><p><strong>[00:10:41.150] - Kristen</strong></p><p>I see that!</p><p><strong>[00:10:44.320] - Agnieszka</strong></p><p>Even people who do stop, somewhere deep down, they have this thought, you know, one day I'll get back to it.</p><p><strong>[00:10:49.252] - Kristen</strong></p><p>I can see that...</p><p><strong>[00:10:50.080] - Agnieszka</strong></p><p>There's this draw, it's pretty incredible. And many traders have great plans, and most of them, don't really think that they are going to be losing money. Right. Because the idea is to make money. So they don't really treat it as business at first and say, okay, I will have to invest certain money. It's only that image of how much money I will make. And the second part of it is they don't really realize they will be struggling emotionally.</p><p><strong>[00:11:17.610] - Kristen</strong></p><p>Yeah.</p><p><strong>[00:11:19.850] - Agnieszka</strong></p><p>That's the biggest thing on the journey. Right. And then the reality hits.</p><p><strong>[00:11:26.020] - Kristen</strong></p><p>Yes.</p><p><strong>[00:11:26.970] - Agnieszka</strong></p><p>How did it look from your side? Did you see that switch of being enthusiastic, learning a new thing, and then suddenly, oh, there is the wall.</p><p><strong>[00:11:37.230] - Kristen</strong></p><p>In the beginning, it's funny because before I was going to talk to you, I was thinking about all of these things. And since Rob approached this very slowly, it took quite a while for all these things to reveal themselves. And there were so many different things that he tried to learn and platform, so to speak, different people as teachers, different ways of learning. And I'm listening to all of this with him because it's online and I can hear it and sitting here thinking like, oh, my God, that person's a terrible teacher, or, oh, how can he deal with listening to that? And that's where a lot of my judgments came in, is not so much business he was getting into, but who are these people teaching him? And the pain for me in that was thinking, oh, there's got to be somebody who presents this information more clearly or isn't so egocentric about it. I would be working on my pictures and editing and hearing whatever lesson he was. One of the things that was a little unsettling at first was how much he flipped around through teachers, flipped around through trading platforms. And it was hard for me to understand at first. Like, this is going to take some time to figure out. There is no one size fits all. And he's got to find the right teaching style and the right information, and I could relate. When I first started to learn photography, I didn't know what questions I had. I didn't know which questions to ask. I didn't know how to get started. And for my profession, the instruments are pretty clear cut, like the triangle and the light ratios, they're all kind of scientific, and this is what it is. And then you put your own artistic flair on it. But since he was learning something so intricate, in my opinion, intricate, complicated, dependent on psychological and sociological factors, it's like getting multi-levels of education at one time and trying to have to pick through which pieces make sense and how they influence your trading. And I just find it mind-blowing how complicated it can be.</p><p><strong>[00:13:55.930] - Agnieszka</strong></p><p>Yeah, and it's pretty amazing because nothing is black and white, right? Pretty much whatever question you ask, the answer could be, it depends.</p><p><strong>[00:14:06.050] - Kristen</strong></p><p>Yeah, I saw that. So I want to make sure that I answered your question.</p><p><strong>[00:14:12.770] - Agnieszka</strong></p><p>Whether you saw this switch from learning and being enthusiastic, to the struggle. Like, did you notice when the struggle?</p><p><strong>[00:14:20.030] - Kristen</strong></p><p>Started taking place, it would come in waves. So once he got through the pain, what questions do I ask? Who do I get to help me? Then the new pains were, now I have really specific questions, and nobody will answer these questions. I feel like overall, the biggest challenge for him is to just find mentors that will be forthcoming with information or at least point him in the right direction. And since he didn't have an economics background or a quote, unquote, or financial education, he was kind of starting from scratch with everything. So once he got that stuff ironed out, which kind of took a few years, then it was, well, what kind of trader am I going to be? Am I going to be a swing trader? Am I going to be a day trader? Am I going to be a long-term investor? And he would try out a little bit of this for a couple of months and a little bit for a couple of months, and you were like.</p><p><strong>[00:15:16.870] - Agnieszka</strong></p><p>Oh, my God, this is like training to be a doctor.</p><p><strong>[00:15:20.190] - Kristen</strong></p><p>Yes. It's taking forever. There was one time in particular I'm going to say this was probably about five years ago, where he really dramatically hit a wall and threw away all his books that he had bought. I'm not doing this. I quit. I can't do it, and then was faced with, okay, well, I've invested so much time in this. Now what am I going to do? And that was the first time I had seen him express so much frustration, and I lasted about a week. I'll admit I was a little nervous, like, okay, God, what is he going to do? And supporting that up and down. And that kind of emotion is tough because at least from my perspective, I want him to see this through. I know it's important to him. I know how much he's put into this, and I would feel heartbroken for him if he decided not to do it. And that first time, it was looking like that's what was going to happen. But then he dug all the books out of the trash. Yes, which is hilarious in hindsight, but at the time, it was very dug all the books back out of the trash, got back to it, and put his head so we've had a few similar moments over the years, but they usually only last about a day [chuckles].</p><p><strong>[00:16:51.730] - Agnieszka</strong></p><p>He never told me about that. [chuckles]</p><p><strong>[00:16:53.140] - Kristen</strong></p><p>I figured that [chuckles]! It sticks in my mind because I watched the visual, so it's in there, and it was funny, but it was sad at the same time.</p><p><strong>[00:17:05.160] - Agnieszka</strong></p><p>Yeah, it must have been hard to it's like, on one hand, you want to end the suffering from your husband. On the other hand, you don't want him to quit because you know that then he would suffer, too. And what's the right way? What's the right thing to say as a partner? I can imagine that that must be pretty difficult.</p><p><strong>[00:17:30.270] - Kristen</strong></p><p>It is... It is. And he's I mean, you've worked with him. He's been your client, so you know how he thinks, and he's the kind of person that really needs to come to decisions on his own. He takes my opinion into consideration, but there isn't much that I can do other than just be patient and wait it out. And I am having parallel experiences in growing my business, too. And even though they're such different businesses, there are a lot of similarities in the emotional nature of the ups and downs. For stock traders, it's ups and downs all day long of what the information is doing. For creative people, it's ups and downs of, okay, I'm really busy this month, and now this month, I don't have any work. The biggest difference, I think, is you guys are so self-reliant, and your worth is so tied up in that performance. Right. Like, if you're not having a larger ratio of wins over losses, it eats away at your ego. It eats away at how you feel about yourself. And that's been very challenging, is how do you watch from afar and convince someone, like, look, you're not doing as bad as you think you are, but all they can see is lose, lose, lose, lose.</p><p><strong>[00:18:54.470] - Agnieszka</strong></p><p>Yeah. It becomes very personal, and I think that also makes it very difficult for the partner to give any type of advice, because let's say you have some issue in your business, right? You can put that issue on the table and talk about it as maybe the photo wasn't really good. The client is not happy because of the quality or whatever, you can kind of put yourself I'm not sure you have to tell me if that's true. You can put yourself easier outside of it because there is a clear product that's coming out of your hands, a physical product.</p><p><strong>[00:19:33.100] - Kristen</strong></p><p>I think that's true to a certain extent, but where it marries with the trading, is that eating away at how you feel about yourself? Because as a creative person, this is a reflection of you. Right.</p><p><strong>[00:19:49.080] - Agnieszka</strong></p><p>That is true. Because it's your personal flavor that you put into it.</p><p><strong>[00:19:53.290] - Kristen</strong></p><p>Exactly. So it's been surprising, the parallels we've had emotionally with these businesses, being that they're so different, but they both end up being tied up in self-worth. And how do you be more accepting of yourself, the mistakes, and the learning process, and not have all of your worth tied up into one thing.</p><p><strong>[00:20:18.550] - Agnieszka</strong></p><p>So with that respect, it was actually maybe made it easier for you to understand what he's going through, projecting all those failures on himself.</p><p><strong>[00:20:27.760] - Kristen</strong></p><p>Exactly. Yeah.</p><p><strong>[00:20:29.480] - Agnieszka</strong></p><p>That's very interesting. I remember when I was learning to trade, my husband was already trading for many, many years. And when I was going through my difficult period for two years, it really took two years. It was horrible. I would like, to bang my head against the wall every day and then do well and then blow up again. We would go for a walk. I remember like, at the end of the day, the market closes and he's like, okay, let's go out, let's go for a walk. And we used to have a dog at that time. And we would walk around the neighborhood and I would cry day in, day out. And he would just walk next to me, just like, don't worry, tomorrow is another day. And just trying to keep me positive. But yeah, seeing from now back, I think this must have been a horrible period for him because, in a sense, I also got into trading. I don't want to say because of him, but that's how I got in touch with trading because he was trading and I got intrigued by it. So he kind of felt responsible for my failure. Knowing from my own experience, when you struggle with building consistency, it is really not easy to disconnect yourself from it because again, you project it on yourself and then in the end, you bring that into the dining table. Right. And your day is basically defined by two colors, either green or red.</p><p><strong>[00:22:14.480] - Kristen</strong></p><p>Yeah [chuckles]</p><p><strong>[00:22:16.090] - Agnieszka</strong></p><p>And the whole family, the moment you walk out of your office, the whole family knows what day there was. Was this also to that degree in your house?</p><p><strong>[00:22:26.590] - Kristen</strong></p><p>I think it's extra challenging since we both work from home. Right. We are together a lot. I mean, way more than the average people are. And that works for us. We enjoy each other's company. And we're happy to be here supporting one another. But yeah, we are in each other's energy pretty much all day, so I don't have to wait for the end of the day or the dinner table. I know what's going on every minute. It's funny because there was a while where I would always say how to go, how's it going? What's the market doing? But then I realized I should just not ask, because even though I wasn't putting pressure on him, I was just being curious or wanting to be helpful, me asking was an added level of pressure. Right.</p><p><strong>[00:23:18.020] - Agnieszka</strong></p><p>Right.</p><p><strong>[00:23:19.630] - Kristen</strong></p><p>Hopefully, stoped doing that. I don't think I do it as much as I used to.</p><p><strong>[00:23:23.650] - Agnieszka</strong></p><p>This Rob gave you some kind of was he informing you, like, what would help him if you do this? That would be really helpful. Like, for example, don't ask me those questions. How was the approach from his side? Because I know that a lot of traders, do feel guilt, responsibility, and sometimes shame, because they are trying to achieve something, and they know, okay, my partner is looking, and I'm not able to do this.</p><p><strong>[00:23:55.710] - Kristen</strong></p><p>So there is some tension, I'm sure that's definitely happening. And my intentions and my energy toward it have always been from a, you will eventually get this standpoint, and for now, it's going to be up and down, and sometimes you're going to lose money. And I can wrap my head around that. I look at it like me spending money on my business, on marketing. That doesn't work. Right. You don't know which marketing campaigns are going to work or which things that you invest in. You can't know right away, so sometimes you waste some money. I can think of plenty of times that I've said, "Yup, you know I'll do that ad", or "Put me on that golf course". Not one lick of business comes from that. But I try not to beat myself up about it because I wouldn't have known. And if I have that scarcity mentality about money, then I'm never going to be able to attract more to myself. So I try to encourage him from that perspective of, you have to take the risks, you have to take the chances. And I, as his partner, am okay with that. I don't dwell on the losses.</p><p><strong>[00:25:06.930] - Agnieszka</strong></p><p>But you would be a good trader.</p><p><strong>[00:25:09.610] - Kristen</strong></p><p>Pardon me?</p><p><strong>[00:25:10.950] - Agnieszka</strong></p><p>You would be a good trader.</p><p><strong>[00:25:12.710] - Kristen</strong></p><p>I'm told that every day. So we'll get to that [chuckles].</p><p><strong>[00:25:17.170] - Agnieszka</strong></p><p>All right, that's interesting.</p><p><strong>[00:25:20.630] - Kristen</strong></p><p>So I do ask him all the time how I can support him, and I think we have a pretty good system worked out, and a lot of times there isn't really anything I can do other than just go about my day and wait for him to feel better.</p><p><strong>[00:25:38.010] - Agnieszka</strong></p><p>Yeah, just be compassionate and loving.</p><p><strong>[00:25:41.690] - Kristen</strong></p><p>Exactly.</p><p><strong>[00:25:42.750] - Agnieszka</strong></p><p>Because I think that's the big thing. It's like when you beat yourself up because you had a red day and now you don't really feel that self-worth, the last thing you want is someone else to tell you, you know, about your mistakes.</p><p><strong>[00:25:57.820] - Kristen</strong></p><p>Right, exactly.</p><p><strong>[00:25:58.480] - Agnieszka</strong></p><p>You really want someone to come and hug you.</p><p><strong>[00:26:00.610] - Kristen</strong></p><p>Yeah.</p><p><strong>[00:26:01.040] - Agnieszka</strong></p><p>I remember I used to ask my husband, do you still love me? If I took like a bigger lot? Like, do you still love me? And he's looking at me like, what are you talking about?</p><p><strong>[00:26:10.390] - Kristen</strong></p><p>Of course, he does.</p><p><strong>[00:26:13.590] - Agnieszka</strong></p><p>It doesn't depend whether you have a green or red day.</p><p><strong>[00:26:16.890] - Kristen</strong></p><p>But it is funny how you feel like it's an expression of you that win or loss is so tied up in how you feel about yourself.</p><p><strong>[00:26:28.240] - Agnieszka</strong></p><p>Yeah. And eventually when you manage to disconnect and detach from that, not taking the self-worth from money. Because I think that's a lot of that's more in a culture where you translate your self-worth to what you make or what you were able to gather throughout your life. Your house, your car, and all those things, material things. I think then you're really tied up into like, okay, if I have a great day, I feel great about myself, but it's really disconnecting from it and focusing on rather on your effort and what you do, which is great. Not just for trading, but for life in general.</p><p><strong>[00:27:09.240] - Kristen</strong></p><p>I agree. Yeah. I've had to check myself once in a while, too. Like, okay, what else do I do besides photograph? There's other things. And I've always had a tendency towards workaholicism. That's a word. Yeah. But now I do more to have a more fulfilling day and not make it all about work.</p><p><strong>[00:27:33.970] - Agnieszka</strong></p><p>Yeah. Being able to let go. Right. It's almost like, at least in my experience, the more you let go, the more it comes to you. It's like you give space to actually things to come to you instead of trying to squeeze it.</p><p><strong>[00:27:47.180] - Kristen</strong></p><p>Yes, I agree.</p><p><strong>[00:27:48.220] - Agnieszka</strong></p><p>It is not easy to detach when you have your own business and when you really have to think like, okay, I have a client now, but what about the next day?</p><p><strong>[00:27:56.570] - Kristen</strong></p><p>Exactly. Yeah.</p><p><strong>[00:27:57.820] - Agnieszka</strong></p><p>And I have to say that personally trading really helped me to go through this process and to completely detach from that fear, from that need to hold on, like, okay, I need to make money. I need to make money because I have to pay the bills. And I always say now everyone has the need to pay the bills whether you have money or not. The need is always there.</p><p><strong>[00:28:21.920] - Kristen</strong></p><p>True.</p><p><strong>[00:28:23.170] - Agnieszka</strong></p><p>But how desperate you are to do that, that does not change the need, because the need is there.</p><p><strong>[00:28:31.240] - Kristen</strong></p><p>That's true.</p><p><strong>[00:28:31.800] - Agnieszka</strong></p><p>And it's better to be relaxed and putting effort in things that, you know, if I put effort in the right things, the money will come instead of just stressing about it. That doesn't change anything except for your own, how you feel. Basically, it stresses you up. So when was that moment that you thought and was there a moment that you thought, okay, now he's getting it and now he's getting more peaceful and we get our peace back in house? Or is it always kind of like you never know what to expect?</p><p><strong>[00:29:09.390] - Kristen</strong></p><p>No, I think the Pandemic was interesting for both of us. We have a separate business that we share that takes up a lot of our time. And I think being focused on that made it difficult for Rob to really buckle down and immerse himself in trading because that was what it required immersion. I think anything that anybody's doing that's going to majorly change their life, it's so much easier to do if you can immerse yourself in it. When you have to do it a little bit here and a little bit there, it's just so it just drags. Right. So not being able to work on our core business during the Pandemic let him immerse himself now, it was a weird market and maybe not what he's going to be typically trading, but it gave him the time to really think and methodically look through trades and learn new things and not have anything else as a distraction. I think that led to the beginning of being more peaceful about it. And then he worked with you and got well aware of some of the things he never would have thought were influencing his mind that was very personal and very not related to trading. And that made a big difference. And so now when the blow-ups, so to speak, happen, they're only an hour or two, and then he gets it together and feels okay.</p><p><strong>[00:30:43.070] - Agnieszka</strong></p><p>That's a huge improvement.</p><p><strong>[00:30:44.360] - Kristen</strong></p><p>It is a huge improvement. Yeah. I feel like his confidence grows daily and he's finally at a point where I feel like he has a strategy and a plan and he sticks to it. I think that one of the hardest things, was when things weren't quite going the way he thought they should, he would reconfigure the way he did everything instead of being patient and waiting for things to happen. And he's gained a lot of patience.</p><p><strong>[00:31:17.330] - Agnieszka</strong></p><p>Fantastic. Yeah, that's great to hear. He worked very hard on it together with me, too, to make sure that he sticks to your plan, because what is the plan worth if you cannot stick to it, right?</p><p><strong>[00:31:29.820] - Kristen</strong></p><p>Exactly.</p><p><strong>[00:31:31.210] - Agnieszka</strong></p><p>That's awesome. So now I'm terribly curious about that little hint you gave earlier. Are you getting into trading?</p><p><strong>[00:31:40.200] - Kristen</strong></p><p>I think I might.</p><p><strong>[00:31:43.010] - Agnieszka</strong></p><p>How did that come about?</p><p><strong>[00:31:44.530] - Kristen</strong></p><p>The finance hater has come full circle. So again, the Pandemic, where we both found ourselves unable to do our usual professions. I went a long time without a photography gig. A long time. And it really made me start thinking about other sources of income and what else can I be doing to just keep money coming in. And funny because I tend to have a knack for how do I synthesize information. I'll say it that way. So this is one of the ways that I support Rob is he'll read something and he'll say, tell me what that means. And I will read the paragraphs and I will spit it back out, back out to him in a way that he can understand. It great teamwork. And he'll say, Why aren't you a trader? I don't know. I don't want to. I don't want to. But more and more I feel like, you know, it's something that would help keep us afloat financially. And, you know, when I was telling you about me listening to all these courses with him, I'm also really good at working on my pictures and listening and retaining that information. So I am at the point of I think it's more than just a little bit of a fascination, and I'm ready to learn. So now I need to immerse myself and carve out that time. And I don't want it at the detriment of my photography because I do love doing it. So I need to figure out a way that I can learn enough that it's not going to take away from what I'm currently doing. So I haven't quite figured that out yet.</p><p><strong>[00:33:28.610] - Agnieszka</strong></p><p>That's so exciting. So you're at the beginning of the journey and now you know what you are getting yourself into. So it's like a very conscious decision.</p><p><strong>[00:33:40.550] - Kristen</strong></p><p>Well, it is a conscious decision. And I think I've gone through a lot of this pain with my current business, so that part of it doesn't really right now, it doesn't seem like something that will define me. So I think I can have a clear mind about getting into it, but we'll see. I'll talk to you after I get really into it.</p><p><strong>[00:34:08.030] - Agnieszka</strong></p><p>I can tell you one thing trading will always surprise you the ability to mirror everything that is like deep down in you. It has the ability to somehow drag it on the surface and trigger a lot of things.</p><p><strong>[00:34:27.380] - Kristen</strong></p><p>That's interesting because you would never think so. But I've watched this in, so I know exactly what you're talking about.</p><p><strong>[00:34:33.960] - Agnieszka</strong></p><p>Yeah, it's very interesting because we have a lot of contact with other people right, who trigger all kinds of things in us. Someone says something and you can always say "Ugh, that's not true, and it irritates this guy, irritates me." Right? But it is really not the guy who irritates you. He has triggered something in you that says more about you than about the guy. In the market, you cannot blame someone. You will try, probably you will try to blame the market, the stock, and whoever else. Maybe like if you are in a chat room somewhere, someone gave you a ticker, right? You can always blame them for it or the teacher that told you wrong. But in the end, you will realize that it doesn't matter. It doesn't make sense to blame anyone because, as you said, it is all on you. And the quicker you find out that it's all about you, the faster you will be able to disconnect from that personal feeling that everything is personal.</p><p><strong>[00:35:44.180] - Kristen</strong></p><p>Yeah.</p><p><strong>[00:35:44.700] - Agnieszka</strong></p><p>The personal element, detachment from it, from your self-worth, from being right, from having to make it. There are just so many factors that come into it. That's why I'm so excited for this journey, for you. Because for me personally, trading is not really just about trading and money, actually not at all. It's really that process of self-discovery that is helping you to enrich your life because you find out more to be in the present moment, and that just enriches your life in general.</p><p><strong>[00:36:23.950] - Kristen</strong></p><p>Yeah, I think being in the present moment has always been tough for me. I'm artsy and dreamy, but as I've gotten older, I turned 50 last. Well, I guess I'll be 51 in June. There's been a big change in me not really wanting to be like that anymore, wanting to be more in the present time. And I recently heard on a podcast, someone talking about killing off the version of yourself to become the new version. And the way he said it was like, oh, that sounds so aggressive. But at the same time, it's kind of the only way you really have to put the work in and discover the person that you want to be instead of the one that you always have been. And I can see where the trading journey facilitates that.</p><p><strong>[00:37:13.560] - Agnieszka</strong></p><p>Yeah, no, definitely. That is so exciting.</p><p><strong>[00:37:16.990] - Kristen</strong></p><p>I'm glad that surprised you [chuckles]!</p><p><strong>[00:37:18.410] - Agnieszka</strong></p><p>I am very surprised! Yes. But also very excited for you. For you both, actually, because I think the moment that Rob will see you going through that journey will also give him a sense of confidence because he will see how far he has come.</p><p><strong>[00:37:39.250] - Kristen</strong></p><p>Yeah, I'm sure.</p><p><strong>[00:37:40.760] - Agnieszka</strong></p><p>So I think it will work very well for you both and yeah, I will be watching on the sidelines, for sure.</p><p><strong>[00:37:49.510] - Kristen</strong></p><p>Thank you.</p><p><strong>[00:37:53.190] - Agnieszka</strong></p><p>Is there anything that you wish Rob would do or told you in an early stage that would help you support him in his journey, like, help you understand what he's going through or what you're both signing up for<br /> </p><p><strong>[00:38:13.950] - Kristen</strong></p><p>I don't know that there's anything he could have told me that would have made things different, because as I said, he wasn't really sure of what direction he was going in in the first place. He didn't know. I didn't know, and we've kind of done this together. I do think that if there's anybody listening to this that is supporting a spouse, I think it's really important to keep the pressure off as much as possible. What I've seen in other relationships is sometimes people who go into trading or professions like this go all in without a plan B. And I understand that I can be that kind of a person, but there's so much less pressure when you have an income source coming from somewhere else. And the other business that we have was, by design, made to have us be home and have time, and we do. And luckily that business has stayed afloat for 15 years and we're grateful to have that money to feed the other things that we're interested in doing. So I think it's important to give yourself the space to learn, but to also less pressure by having another income source.</p><p><strong>[00:39:35.530] - Agnieszka</strong></p><p>Thank you for that. This is, I think, so helpful because I have come across traders that are actually in the situation, everything put everything in, and it does create incredible pressure on the family, on the whole family. Not just a spouse, but also children, if there are children. And I think the one thing that you mentioned that is incredibly important is making sure that even if you don't know exactly what you're signing up for, you are both signing up for it.</p><p><strong>[00:40:10.260] - Kristen</strong></p><p>Absolutely.</p><p><strong>[00:40:10.920] - Agnieszka</strong></p><p>For that not knowing and still going into it. Because of that type of decision, it is not just, okay, I'm just going to have a new job, right? No, there is going to be an impact. Everyone involved around you will be impacted by it.<br /> </p><p><strong>[00:40:28.510] - Kristen</strong></p><p>Yeah. And I think it's important to give your partner the space to immerse themselves. That might mean they don't have time for certain other things. I mentioned that at the beginning. I was a little worried about that, but I saw how important this was to him and it was fine. We made it work.</p><p><strong>[00:40:51.940] - Agnieszka</strong></p><p>Very good. That's an awesome story, and thank you so much for sharing it. It also kind of brings me back a little bit from a different perspective, but yeah, it's just thinking about that impact and I don't think it's really lit enough in that industry. We talk a lot about traders, but there is always I call this gray eminence that someone behind you that is supporting you in all that, the journey, and that it's either your wife or your partner sometimes could be a friend, but it's really important that that person is there. That's definitely key. Well, that brings us to the end of this episode, and I hope it will help traders who are listening to this to understand that their trading struggle is affecting their partners and support them on this journey. The support network is incredibly important in trading, but if people do not understand what you're going through, they cannot give you the support that you need. And it is your responsibility as a trader to make sure that they know and also to respect that they might not want to go through it. And in that case, just keep your problems, your work problems at work, and don't bring them to the dining table.</p><p><strong>[00:42:20.270] - Agnieszka</strong></p><p>Thank you so much, Kristen, for joining us and for this incredibly enlightening conversation today. And I really appreciate you sharing your experience and your true feelings with us.</p><p><strong>[00:42:33.360] - Kristen</strong></p><p>It was my pleasure. I always share true feelings.</p><p><strong>[00:42:37.890] - Agnieszka</strong></p><p>That's awesome. That's what this podcast is about. Thank you for listening to the Confidence in Trading podcast. If you enjoyed my show, please review it and rate it on the Apple podcast. And be sure to subscribe so you can come back for a real-life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 16 Jun 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode Agnieszka has a special guest, Kristen Vallejo - a thriving entrepreneur, a lifestyle photographer, and... a wife of the trader. Together they explore the world of trading but this time from a different perspective - a partner of a trader. Kristen and Agnieszka discuss challenges of trading faced not only by traders, but also by their partners, shedding light on the intricate web of emotions that both navigate. They emphasize the difficulty in providing advice or support, as the trader needs to come to their own decisions. Agnieszka shares her own story of how her trading impacted her husband. They both highlight the importance of emotional support and understanding in periods of poor trading decisions.</p><p>This episode is a must-listen for anyone looking to gain insight into how the trading world can affect relationships and how to overcome those obstacles together.</p><p> </p><p><strong>About Kristen Vallejo</strong></p><p>Over the years Kristen has become known for her light-hearted and thoughtful approach to portrait photography, and for the five-star experience that she provides to all of my clients. Empowering people to fall in love with photography (and themselves) gets her out of bed in the morning and drives her to continuously reinvent herself. She is a thorough planner, a dedicated listener, and she wants YOU to be the star of your own show.</p><p>Kristen eats, sleeps and breaths photography. If you start a new business, want to level up your dating game, refresh your corporate headshot, or you're ready to treat yourself to a transformational experience – Kristen is your go to. In a session with her you’ll laugh, you’ll feel empowered, and as she says "you’ll walk away with <i><strong>the best pictures that you have ever seen of yourself. </strong></i>You’ll feel free to be YOU, worthy of time and attention, and safe in a judgement-free zone. You will leave your session with self-confidence, and <i><strong>maybe</strong></i> you’ll feel just a tad invincible!"</p><p> </p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Kristen Vallejo:</strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: </a><a href="http://www.kristenvallejo.com/">www.kristenvallejo.com</a></li><li><a href="https://www.facebook.com/KristenVallejoPhoto">Facebook: Kristen Vallejo Photography</a></li><li><a href="https://instagram.com/kristen_vallejo_photography?igshid=MzRlODBiNWFlZA=="><strong>Instagram: </strong>kristen_vallejo_photography</a></li><li><a href="https://www.linkedin.com/in/kristen-basar-vallejo-8253498/"><strong>LinkedIn: AKristen Basar Vallejo</strong></a></li></ul><p>--</p><p><strong>Transcript</strong></p><p><strong>[00:00:03.730] - Agnieszka</strong></p><p>Welcome to the Confidence in Trading podcast. I am Agnieszka Wood and I am very excited to introduce my special guest, Kristen Vallejo. Kristen is a successful entrepreneur and a lifestyle photographer, capturing people and their pets in magazine-style scenarios to help them tell their stories, sell their products, connect, and feel empowered. When she does not have her hands on the camera she's either cooking, playing with dogs, or working out on her peloton. She's also a big fan of Yin Yoga, cheese, coffee, and BlackBerry pie. And some day she wants to live in a little stone house in the European countryside. All this sounds absolutely amazing and seems like a pretty relaxing lifestyle. What I did not mention to you yet is that she's also the wife of one of my former students. That's how I met Kristen and it's exactly what I want to talk about today. The trading journey was experienced from the sideline as a wife of a trader. Welcome, to episode number seven, behind every trader The Untold Story of their partner. Hi Kristen. Welcome to my podcast and thank you so much for your willingness to come into the spotlight and share your personal experience and perspective on this topic.</p><p><br /> </p><p><strong>[00:01:32.020] - Kristen</strong></p><p>Hi, Agnieszka. It's my pleasure. Thank you for having me.</p><p><strong>[00:01:35.010] - Agnieszka</strong></p><p>So training is such a hot topic these days, especially with COVID a lot of new people stepping into the arena, and soon after finding out that it's not easy as it seems. Can you tell us a little bit more about your first contact with trading?</p><p><strong>[00:01:53.050] - Kristen</strong></p><p>Sure. Trading was always something that felt foreign to me. I grew up in a small town in Ohio and finance New York City, the stock exchange trading were not at the top of everyone's minds at that time. So when I was in grade school and in high school, I had very little exposure to anything financial and probably first started hearing about it when I got to college. But as you could tell by my intro, I am a fine arts person. So math, numbers, anything like that wasn't really in my purview. And to be honest, at that time in my life, I steered clear of numbers as much as possible because it made me uncomfortable. It changed a little bit, but it really wasn't until my mid twenty s I got a job as a graphic designer at an investment bank.</p><p><strong>[00:02:51.730] - Agnieszka</strong></p><p>Oh, wow.</p><p><strong>[00:02:52.420] - Kristen</strong></p><p>Yeah. Weird, right? So started to learn a little bit about the culture and what was going on there and it became a little more palpable to me than it had in the past.</p><p><strong>[00:03:02.110] - Agnieszka</strong></p><p>Okay, so that's how your first contact with it was. How did you feel about it? Were you immediately interested? Because a lot of people who get in touch with trading and stock market and they see, oh my God, this is a way I can make money. Were you ever inspired to just try yourself? Being in that environment?</p><p><strong>[00:03:25.230] - Kristen</strong></p><p>That didn't really happen until recently, honestly. In my early 20s, when I first was exposed to investment banking, to be really honest, I was very turned off by the culture. My job was kind of the bottom of the barrel. I got to work on everything when there were deadlines and everybody was amped up and this was the mid-90, and investment banking was having its heyday. It was crazy. So the environment was crazy and aggressive. At least that's how it felt to me at the time. So it actually kind of pushed me a little further away from being interested in finance because I was like, that is not the life for me.</p><p><strong>[00:04:09.730] - Agnieszka</strong></p><p>You were like, that's exactly what I thought finance is.</p><p><strong>[00:04:13.330] - Kristen</strong></p><p>Yeah, [chuckles].</p><p><strong>[00:04:15.630] - Agnieszka</strong></p><p>That's why I don't like it.</p><p><strong>[00:04:17.890] - Kristen</strong></p><p>Confirmed. So still, at that point, I didn't think I would touch it with a ten-foot pole.</p><p><strong>[00:04:25.350] - Agnieszka</strong></p><p>All right, so when did you decide to touch it? Did it change or how did you meet guys with Rob? Was it not until you met Rob that you actually got back into looking at stocks or at the market?</p><p><strong>[00:04:42.380] - Kristen</strong></p><p>Yeah, I would say that's true, and even not at the very beginning. And oddly enough, we met at Goldman Sachs. So I had been living in San Francisco and worked in this design capacity at an investment bank, wanted to move to New York, got a transfer from one investment bank job to another one, and was still immersed in that culture. But from such a different perspective, when you're in those administrative roles, you don't really understand the financial opportunities, even though you're working within that realm since you were there, pounding away at jobs that support it, and you're not seeing the same financial benefits that those employees are, you don't understand how lucrative and rewarding it can be. So at that point in my life, it was just a job, it was a paycheck, it was something I had to get in and do and get as far away from as possible. And when I met Rob, we had dual roles at Goldman. He was in one building and I was in another, doing the same job. And he was intrigued by the atmosphere. I wanted to get the hell away from it. But hearing his perspective and what he wanted to learn from it and how he wanted to change his life with it, always piqued my interest and the nature of our relationship is that we're both very respectful of one another's interests and support. So I listened and I paid attention and I did my best to learn about what he was doing so that I could support him.</p><p><strong>[00:06:16.980] - Agnieszka</strong></p><p>So was he already trading at that time when he was working for Goldman Sachs? For himself?</p><p><strong>[00:06:21.950] - Kristen</strong></p><p>He was not. He as well as in an administrative role, but rather than being repelled by it like I was, he was drawn into it and wanted to get some of that for himself in some way. So when we first met and got together, he was just talking about wanting to do it. And it took a few years into our relationship for him to take steps toward actually being a trader.</p><p><strong>[00:06:45.370] - Agnieszka</strong></p><p>So when he told you, hey, listen, I'm going to be a trader, what was your first initial reaction? What did you think?</p><p><strong>[00:06:52.550] - Kristen</strong></p><p>I think by that point, I had kind of softened my feelings about the financial world and had a more objective and open-minded approach to it. And it's funny. Funnily enough, I hadn't thought about this, but we read a book. I think it was a biography of Warren Buffett. Rob wanted to listen to it in the car on the way to work one time.</p><p><strong>[00:07:18.990] - Agnieszka</strong></p><p>All right.</p><p><strong>[00:07:19.520] - Kristen</strong></p><p>And that book, I think, changed my mind about things to really understand the power of finance and how it didn't need to be this elusive thing behind the curtain, that it could be something that was accessible to both of us. So my mind was open by the time he got around to it.</p><p><strong>[00:07:38.530] - Agnieszka</strong></p><p>So did you know what you were getting into? Because day trading is very different than investing.</p><p><strong>[00:07:46.730] - Kristen</strong></p><p>I had no idea.</p><p><strong>[00:07:51.830] - Agnieszka</strong></p><p>What did you feel at that time? How did you imagine it to go? Did you have any pictures of it? How it's going to influence your life?</p><p><strong>[00:08:00.830] - Kristen</strong></p><p>No, I didn't. And since my experience with it had been watching what would you call, a pretty typical progression, right? A person goes to college, gets their finance degree, gets picked up by a firm, gets put through the rigmarole of 90 hours work weeks, and then spits them out to be a millionaire at the end. At least that's what it looked like. So when he told me he wanted to do this, I think I was a little afraid of not having time with him. I thought maybe he would get sucked into this lifestyle that was so counter to what we had created for ourselves. We were both really hard workers and have had our own businesses and put the hours in, but the reason we became our own bosses was so that we could have freedom and time. And I was a little concerned in the beginning that he was going to be whisked away on that path.</p><p><strong>[00:09:02.430] - Agnieszka</strong></p><p>Didn't you have a feeling because a lot of traders get into trading to have freedom where you're not like, but you have freedom?</p><p><strong>[00:09:10.290] - Kristen</strong></p><p>Yeah, I think he was really zeroed in on the financial freedom, and at that point, since we don't have kids, so that's not an issue to have to be around for children. But I think he still felt energetic enough that if it was going to take time, that was okay with him, but it wasn't necessarily okay with me.</p><p><strong>[00:09:33.750] - Agnieszka</strong></p><p>So what did you tell him? Were you just very diplomatic or how did you do that?</p><p><strong>[00:09:41.210] - Kristen</strong></p><p>I think the way that we cope with all things when one of us throws something new out is - let's explore it and feel it out and look at the pros and cons. And I don't think there are very many things that even if I don't have the most positive outlook on, I won't still at least try. And I never would have said, I don't want you to do this or this isn't for you. There have been a few things that we've tried out over the years that haven't worked out, but we're glad that we gave it a try anyway, just to see.</p><p><strong>[00:10:13.880] - Agnieszka</strong></p><p>Right.</p><p><strong>[00:10:14.340] - Kristen</strong></p><p>So I didn't really need to be diplomatic because I was willing to give it a try.</p><p><strong>[00:10:19.530] - Agnieszka</strong></p><p>Yeah, okay. I mean, it's really good to have the openness, right? Especially like, if you're not sure, what are you getting yourself into? And you can always think, okay, if it doesn't work, then you just stop.</p><p><strong>[00:10:31.880] - Kristen</strong></p><p>Yes, exactly.</p><p><strong>[00:10:32.940] - Agnieszka</strong></p><p>And that's very interesting because with trading, somehow, once you get into trading, it's not so easy to stop.</p><p><strong>[00:10:41.150] - Kristen</strong></p><p>I see that!</p><p><strong>[00:10:44.320] - Agnieszka</strong></p><p>Even people who do stop, somewhere deep down, they have this thought, you know, one day I'll get back to it.</p><p><strong>[00:10:49.252] - Kristen</strong></p><p>I can see that...</p><p><strong>[00:10:50.080] - Agnieszka</strong></p><p>There's this draw, it's pretty incredible. And many traders have great plans, and most of them, don't really think that they are going to be losing money. Right. Because the idea is to make money. So they don't really treat it as business at first and say, okay, I will have to invest certain money. It's only that image of how much money I will make. And the second part of it is they don't really realize they will be struggling emotionally.</p><p><strong>[00:11:17.610] - Kristen</strong></p><p>Yeah.</p><p><strong>[00:11:19.850] - Agnieszka</strong></p><p>That's the biggest thing on the journey. Right. And then the reality hits.</p><p><strong>[00:11:26.020] - Kristen</strong></p><p>Yes.</p><p><strong>[00:11:26.970] - Agnieszka</strong></p><p>How did it look from your side? Did you see that switch of being enthusiastic, learning a new thing, and then suddenly, oh, there is the wall.</p><p><strong>[00:11:37.230] - Kristen</strong></p><p>In the beginning, it's funny because before I was going to talk to you, I was thinking about all of these things. And since Rob approached this very slowly, it took quite a while for all these things to reveal themselves. And there were so many different things that he tried to learn and platform, so to speak, different people as teachers, different ways of learning. And I'm listening to all of this with him because it's online and I can hear it and sitting here thinking like, oh, my God, that person's a terrible teacher, or, oh, how can he deal with listening to that? And that's where a lot of my judgments came in, is not so much business he was getting into, but who are these people teaching him? And the pain for me in that was thinking, oh, there's got to be somebody who presents this information more clearly or isn't so egocentric about it. I would be working on my pictures and editing and hearing whatever lesson he was. One of the things that was a little unsettling at first was how much he flipped around through teachers, flipped around through trading platforms. And it was hard for me to understand at first. Like, this is going to take some time to figure out. There is no one size fits all. And he's got to find the right teaching style and the right information, and I could relate. When I first started to learn photography, I didn't know what questions I had. I didn't know which questions to ask. I didn't know how to get started. And for my profession, the instruments are pretty clear cut, like the triangle and the light ratios, they're all kind of scientific, and this is what it is. And then you put your own artistic flair on it. But since he was learning something so intricate, in my opinion, intricate, complicated, dependent on psychological and sociological factors, it's like getting multi-levels of education at one time and trying to have to pick through which pieces make sense and how they influence your trading. And I just find it mind-blowing how complicated it can be.</p><p><strong>[00:13:55.930] - Agnieszka</strong></p><p>Yeah, and it's pretty amazing because nothing is black and white, right? Pretty much whatever question you ask, the answer could be, it depends.</p><p><strong>[00:14:06.050] - Kristen</strong></p><p>Yeah, I saw that. So I want to make sure that I answered your question.</p><p><strong>[00:14:12.770] - Agnieszka</strong></p><p>Whether you saw this switch from learning and being enthusiastic, to the struggle. Like, did you notice when the struggle?</p><p><strong>[00:14:20.030] - Kristen</strong></p><p>Started taking place, it would come in waves. So once he got through the pain, what questions do I ask? Who do I get to help me? Then the new pains were, now I have really specific questions, and nobody will answer these questions. I feel like overall, the biggest challenge for him is to just find mentors that will be forthcoming with information or at least point him in the right direction. And since he didn't have an economics background or a quote, unquote, or financial education, he was kind of starting from scratch with everything. So once he got that stuff ironed out, which kind of took a few years, then it was, well, what kind of trader am I going to be? Am I going to be a swing trader? Am I going to be a day trader? Am I going to be a long-term investor? And he would try out a little bit of this for a couple of months and a little bit for a couple of months, and you were like.</p><p><strong>[00:15:16.870] - Agnieszka</strong></p><p>Oh, my God, this is like training to be a doctor.</p><p><strong>[00:15:20.190] - Kristen</strong></p><p>Yes. It's taking forever. There was one time in particular I'm going to say this was probably about five years ago, where he really dramatically hit a wall and threw away all his books that he had bought. I'm not doing this. I quit. I can't do it, and then was faced with, okay, well, I've invested so much time in this. Now what am I going to do? And that was the first time I had seen him express so much frustration, and I lasted about a week. I'll admit I was a little nervous, like, okay, God, what is he going to do? And supporting that up and down. And that kind of emotion is tough because at least from my perspective, I want him to see this through. I know it's important to him. I know how much he's put into this, and I would feel heartbroken for him if he decided not to do it. And that first time, it was looking like that's what was going to happen. But then he dug all the books out of the trash. Yes, which is hilarious in hindsight, but at the time, it was very dug all the books back out of the trash, got back to it, and put his head so we've had a few similar moments over the years, but they usually only last about a day [chuckles].</p><p><strong>[00:16:51.730] - Agnieszka</strong></p><p>He never told me about that. [chuckles]</p><p><strong>[00:16:53.140] - Kristen</strong></p><p>I figured that [chuckles]! It sticks in my mind because I watched the visual, so it's in there, and it was funny, but it was sad at the same time.</p><p><strong>[00:17:05.160] - Agnieszka</strong></p><p>Yeah, it must have been hard to it's like, on one hand, you want to end the suffering from your husband. On the other hand, you don't want him to quit because you know that then he would suffer, too. And what's the right way? What's the right thing to say as a partner? I can imagine that that must be pretty difficult.</p><p><strong>[00:17:30.270] - Kristen</strong></p><p>It is... It is. And he's I mean, you've worked with him. He's been your client, so you know how he thinks, and he's the kind of person that really needs to come to decisions on his own. He takes my opinion into consideration, but there isn't much that I can do other than just be patient and wait it out. And I am having parallel experiences in growing my business, too. And even though they're such different businesses, there are a lot of similarities in the emotional nature of the ups and downs. For stock traders, it's ups and downs all day long of what the information is doing. For creative people, it's ups and downs of, okay, I'm really busy this month, and now this month, I don't have any work. The biggest difference, I think, is you guys are so self-reliant, and your worth is so tied up in that performance. Right. Like, if you're not having a larger ratio of wins over losses, it eats away at your ego. It eats away at how you feel about yourself. And that's been very challenging, is how do you watch from afar and convince someone, like, look, you're not doing as bad as you think you are, but all they can see is lose, lose, lose, lose.</p><p><strong>[00:18:54.470] - Agnieszka</strong></p><p>Yeah. It becomes very personal, and I think that also makes it very difficult for the partner to give any type of advice, because let's say you have some issue in your business, right? You can put that issue on the table and talk about it as maybe the photo wasn't really good. The client is not happy because of the quality or whatever, you can kind of put yourself I'm not sure you have to tell me if that's true. You can put yourself easier outside of it because there is a clear product that's coming out of your hands, a physical product.</p><p><strong>[00:19:33.100] - Kristen</strong></p><p>I think that's true to a certain extent, but where it marries with the trading, is that eating away at how you feel about yourself? Because as a creative person, this is a reflection of you. Right.</p><p><strong>[00:19:49.080] - Agnieszka</strong></p><p>That is true. Because it's your personal flavor that you put into it.</p><p><strong>[00:19:53.290] - Kristen</strong></p><p>Exactly. So it's been surprising, the parallels we've had emotionally with these businesses, being that they're so different, but they both end up being tied up in self-worth. And how do you be more accepting of yourself, the mistakes, and the learning process, and not have all of your worth tied up into one thing.</p><p><strong>[00:20:18.550] - Agnieszka</strong></p><p>So with that respect, it was actually maybe made it easier for you to understand what he's going through, projecting all those failures on himself.</p><p><strong>[00:20:27.760] - Kristen</strong></p><p>Exactly. Yeah.</p><p><strong>[00:20:29.480] - Agnieszka</strong></p><p>That's very interesting. I remember when I was learning to trade, my husband was already trading for many, many years. And when I was going through my difficult period for two years, it really took two years. It was horrible. I would like, to bang my head against the wall every day and then do well and then blow up again. We would go for a walk. I remember like, at the end of the day, the market closes and he's like, okay, let's go out, let's go for a walk. And we used to have a dog at that time. And we would walk around the neighborhood and I would cry day in, day out. And he would just walk next to me, just like, don't worry, tomorrow is another day. And just trying to keep me positive. But yeah, seeing from now back, I think this must have been a horrible period for him because, in a sense, I also got into trading. I don't want to say because of him, but that's how I got in touch with trading because he was trading and I got intrigued by it. So he kind of felt responsible for my failure. Knowing from my own experience, when you struggle with building consistency, it is really not easy to disconnect yourself from it because again, you project it on yourself and then in the end, you bring that into the dining table. Right. And your day is basically defined by two colors, either green or red.</p><p><strong>[00:22:14.480] - Kristen</strong></p><p>Yeah [chuckles]</p><p><strong>[00:22:16.090] - Agnieszka</strong></p><p>And the whole family, the moment you walk out of your office, the whole family knows what day there was. Was this also to that degree in your house?</p><p><strong>[00:22:26.590] - Kristen</strong></p><p>I think it's extra challenging since we both work from home. Right. We are together a lot. I mean, way more than the average people are. And that works for us. We enjoy each other's company. And we're happy to be here supporting one another. But yeah, we are in each other's energy pretty much all day, so I don't have to wait for the end of the day or the dinner table. I know what's going on every minute. It's funny because there was a while where I would always say how to go, how's it going? What's the market doing? But then I realized I should just not ask, because even though I wasn't putting pressure on him, I was just being curious or wanting to be helpful, me asking was an added level of pressure. Right.</p><p><strong>[00:23:18.020] - Agnieszka</strong></p><p>Right.</p><p><strong>[00:23:19.630] - Kristen</strong></p><p>Hopefully, stoped doing that. I don't think I do it as much as I used to.</p><p><strong>[00:23:23.650] - Agnieszka</strong></p><p>This Rob gave you some kind of was he informing you, like, what would help him if you do this? That would be really helpful. Like, for example, don't ask me those questions. How was the approach from his side? Because I know that a lot of traders, do feel guilt, responsibility, and sometimes shame, because they are trying to achieve something, and they know, okay, my partner is looking, and I'm not able to do this.</p><p><strong>[00:23:55.710] - Kristen</strong></p><p>So there is some tension, I'm sure that's definitely happening. And my intentions and my energy toward it have always been from a, you will eventually get this standpoint, and for now, it's going to be up and down, and sometimes you're going to lose money. And I can wrap my head around that. I look at it like me spending money on my business, on marketing. That doesn't work. Right. You don't know which marketing campaigns are going to work or which things that you invest in. You can't know right away, so sometimes you waste some money. I can think of plenty of times that I've said, "Yup, you know I'll do that ad", or "Put me on that golf course". Not one lick of business comes from that. But I try not to beat myself up about it because I wouldn't have known. And if I have that scarcity mentality about money, then I'm never going to be able to attract more to myself. So I try to encourage him from that perspective of, you have to take the risks, you have to take the chances. And I, as his partner, am okay with that. I don't dwell on the losses.</p><p><strong>[00:25:06.930] - Agnieszka</strong></p><p>But you would be a good trader.</p><p><strong>[00:25:09.610] - Kristen</strong></p><p>Pardon me?</p><p><strong>[00:25:10.950] - Agnieszka</strong></p><p>You would be a good trader.</p><p><strong>[00:25:12.710] - Kristen</strong></p><p>I'm told that every day. So we'll get to that [chuckles].</p><p><strong>[00:25:17.170] - Agnieszka</strong></p><p>All right, that's interesting.</p><p><strong>[00:25:20.630] - Kristen</strong></p><p>So I do ask him all the time how I can support him, and I think we have a pretty good system worked out, and a lot of times there isn't really anything I can do other than just go about my day and wait for him to feel better.</p><p><strong>[00:25:38.010] - Agnieszka</strong></p><p>Yeah, just be compassionate and loving.</p><p><strong>[00:25:41.690] - Kristen</strong></p><p>Exactly.</p><p><strong>[00:25:42.750] - Agnieszka</strong></p><p>Because I think that's the big thing. It's like when you beat yourself up because you had a red day and now you don't really feel that self-worth, the last thing you want is someone else to tell you, you know, about your mistakes.</p><p><strong>[00:25:57.820] - Kristen</strong></p><p>Right, exactly.</p><p><strong>[00:25:58.480] - Agnieszka</strong></p><p>You really want someone to come and hug you.</p><p><strong>[00:26:00.610] - Kristen</strong></p><p>Yeah.</p><p><strong>[00:26:01.040] - Agnieszka</strong></p><p>I remember I used to ask my husband, do you still love me? If I took like a bigger lot? Like, do you still love me? And he's looking at me like, what are you talking about?</p><p><strong>[00:26:10.390] - Kristen</strong></p><p>Of course, he does.</p><p><strong>[00:26:13.590] - Agnieszka</strong></p><p>It doesn't depend whether you have a green or red day.</p><p><strong>[00:26:16.890] - Kristen</strong></p><p>But it is funny how you feel like it's an expression of you that win or loss is so tied up in how you feel about yourself.</p><p><strong>[00:26:28.240] - Agnieszka</strong></p><p>Yeah. And eventually when you manage to disconnect and detach from that, not taking the self-worth from money. Because I think that's a lot of that's more in a culture where you translate your self-worth to what you make or what you were able to gather throughout your life. Your house, your car, and all those things, material things. I think then you're really tied up into like, okay, if I have a great day, I feel great about myself, but it's really disconnecting from it and focusing on rather on your effort and what you do, which is great. Not just for trading, but for life in general.</p><p><strong>[00:27:09.240] - Kristen</strong></p><p>I agree. Yeah. I've had to check myself once in a while, too. Like, okay, what else do I do besides photograph? There's other things. And I've always had a tendency towards workaholicism. That's a word. Yeah. But now I do more to have a more fulfilling day and not make it all about work.</p><p><strong>[00:27:33.970] - Agnieszka</strong></p><p>Yeah. Being able to let go. Right. It's almost like, at least in my experience, the more you let go, the more it comes to you. It's like you give space to actually things to come to you instead of trying to squeeze it.</p><p><strong>[00:27:47.180] - Kristen</strong></p><p>Yes, I agree.</p><p><strong>[00:27:48.220] - Agnieszka</strong></p><p>It is not easy to detach when you have your own business and when you really have to think like, okay, I have a client now, but what about the next day?</p><p><strong>[00:27:56.570] - Kristen</strong></p><p>Exactly. Yeah.</p><p><strong>[00:27:57.820] - Agnieszka</strong></p><p>And I have to say that personally trading really helped me to go through this process and to completely detach from that fear, from that need to hold on, like, okay, I need to make money. I need to make money because I have to pay the bills. And I always say now everyone has the need to pay the bills whether you have money or not. The need is always there.</p><p><strong>[00:28:21.920] - Kristen</strong></p><p>True.</p><p><strong>[00:28:23.170] - Agnieszka</strong></p><p>But how desperate you are to do that, that does not change the need, because the need is there.</p><p><strong>[00:28:31.240] - Kristen</strong></p><p>That's true.</p><p><strong>[00:28:31.800] - Agnieszka</strong></p><p>And it's better to be relaxed and putting effort in things that, you know, if I put effort in the right things, the money will come instead of just stressing about it. That doesn't change anything except for your own, how you feel. Basically, it stresses you up. So when was that moment that you thought and was there a moment that you thought, okay, now he's getting it and now he's getting more peaceful and we get our peace back in house? Or is it always kind of like you never know what to expect?</p><p><strong>[00:29:09.390] - Kristen</strong></p><p>No, I think the Pandemic was interesting for both of us. We have a separate business that we share that takes up a lot of our time. And I think being focused on that made it difficult for Rob to really buckle down and immerse himself in trading because that was what it required immersion. I think anything that anybody's doing that's going to majorly change their life, it's so much easier to do if you can immerse yourself in it. When you have to do it a little bit here and a little bit there, it's just so it just drags. Right. So not being able to work on our core business during the Pandemic let him immerse himself now, it was a weird market and maybe not what he's going to be typically trading, but it gave him the time to really think and methodically look through trades and learn new things and not have anything else as a distraction. I think that led to the beginning of being more peaceful about it. And then he worked with you and got well aware of some of the things he never would have thought were influencing his mind that was very personal and very not related to trading. And that made a big difference. And so now when the blow-ups, so to speak, happen, they're only an hour or two, and then he gets it together and feels okay.</p><p><strong>[00:30:43.070] - Agnieszka</strong></p><p>That's a huge improvement.</p><p><strong>[00:30:44.360] - Kristen</strong></p><p>It is a huge improvement. Yeah. I feel like his confidence grows daily and he's finally at a point where I feel like he has a strategy and a plan and he sticks to it. I think that one of the hardest things, was when things weren't quite going the way he thought they should, he would reconfigure the way he did everything instead of being patient and waiting for things to happen. And he's gained a lot of patience.</p><p><strong>[00:31:17.330] - Agnieszka</strong></p><p>Fantastic. Yeah, that's great to hear. He worked very hard on it together with me, too, to make sure that he sticks to your plan, because what is the plan worth if you cannot stick to it, right?</p><p><strong>[00:31:29.820] - Kristen</strong></p><p>Exactly.</p><p><strong>[00:31:31.210] - Agnieszka</strong></p><p>That's awesome. So now I'm terribly curious about that little hint you gave earlier. Are you getting into trading?</p><p><strong>[00:31:40.200] - Kristen</strong></p><p>I think I might.</p><p><strong>[00:31:43.010] - Agnieszka</strong></p><p>How did that come about?</p><p><strong>[00:31:44.530] - Kristen</strong></p><p>The finance hater has come full circle. So again, the Pandemic, where we both found ourselves unable to do our usual professions. I went a long time without a photography gig. A long time. And it really made me start thinking about other sources of income and what else can I be doing to just keep money coming in. And funny because I tend to have a knack for how do I synthesize information. I'll say it that way. So this is one of the ways that I support Rob is he'll read something and he'll say, tell me what that means. And I will read the paragraphs and I will spit it back out, back out to him in a way that he can understand. It great teamwork. And he'll say, Why aren't you a trader? I don't know. I don't want to. I don't want to. But more and more I feel like, you know, it's something that would help keep us afloat financially. And, you know, when I was telling you about me listening to all these courses with him, I'm also really good at working on my pictures and listening and retaining that information. So I am at the point of I think it's more than just a little bit of a fascination, and I'm ready to learn. So now I need to immerse myself and carve out that time. And I don't want it at the detriment of my photography because I do love doing it. So I need to figure out a way that I can learn enough that it's not going to take away from what I'm currently doing. So I haven't quite figured that out yet.</p><p><strong>[00:33:28.610] - Agnieszka</strong></p><p>That's so exciting. So you're at the beginning of the journey and now you know what you are getting yourself into. So it's like a very conscious decision.</p><p><strong>[00:33:40.550] - Kristen</strong></p><p>Well, it is a conscious decision. And I think I've gone through a lot of this pain with my current business, so that part of it doesn't really right now, it doesn't seem like something that will define me. So I think I can have a clear mind about getting into it, but we'll see. I'll talk to you after I get really into it.</p><p><strong>[00:34:08.030] - Agnieszka</strong></p><p>I can tell you one thing trading will always surprise you the ability to mirror everything that is like deep down in you. It has the ability to somehow drag it on the surface and trigger a lot of things.</p><p><strong>[00:34:27.380] - Kristen</strong></p><p>That's interesting because you would never think so. But I've watched this in, so I know exactly what you're talking about.</p><p><strong>[00:34:33.960] - Agnieszka</strong></p><p>Yeah, it's very interesting because we have a lot of contact with other people right, who trigger all kinds of things in us. Someone says something and you can always say "Ugh, that's not true, and it irritates this guy, irritates me." Right? But it is really not the guy who irritates you. He has triggered something in you that says more about you than about the guy. In the market, you cannot blame someone. You will try, probably you will try to blame the market, the stock, and whoever else. Maybe like if you are in a chat room somewhere, someone gave you a ticker, right? You can always blame them for it or the teacher that told you wrong. But in the end, you will realize that it doesn't matter. It doesn't make sense to blame anyone because, as you said, it is all on you. And the quicker you find out that it's all about you, the faster you will be able to disconnect from that personal feeling that everything is personal.</p><p><strong>[00:35:44.180] - Kristen</strong></p><p>Yeah.</p><p><strong>[00:35:44.700] - Agnieszka</strong></p><p>The personal element, detachment from it, from your self-worth, from being right, from having to make it. There are just so many factors that come into it. That's why I'm so excited for this journey, for you. Because for me personally, trading is not really just about trading and money, actually not at all. It's really that process of self-discovery that is helping you to enrich your life because you find out more to be in the present moment, and that just enriches your life in general.</p><p><strong>[00:36:23.950] - Kristen</strong></p><p>Yeah, I think being in the present moment has always been tough for me. I'm artsy and dreamy, but as I've gotten older, I turned 50 last. Well, I guess I'll be 51 in June. There's been a big change in me not really wanting to be like that anymore, wanting to be more in the present time. And I recently heard on a podcast, someone talking about killing off the version of yourself to become the new version. And the way he said it was like, oh, that sounds so aggressive. But at the same time, it's kind of the only way you really have to put the work in and discover the person that you want to be instead of the one that you always have been. And I can see where the trading journey facilitates that.</p><p><strong>[00:37:13.560] - Agnieszka</strong></p><p>Yeah, no, definitely. That is so exciting.</p><p><strong>[00:37:16.990] - Kristen</strong></p><p>I'm glad that surprised you [chuckles]!</p><p><strong>[00:37:18.410] - Agnieszka</strong></p><p>I am very surprised! Yes. But also very excited for you. For you both, actually, because I think the moment that Rob will see you going through that journey will also give him a sense of confidence because he will see how far he has come.</p><p><strong>[00:37:39.250] - Kristen</strong></p><p>Yeah, I'm sure.</p><p><strong>[00:37:40.760] - Agnieszka</strong></p><p>So I think it will work very well for you both and yeah, I will be watching on the sidelines, for sure.</p><p><strong>[00:37:49.510] - Kristen</strong></p><p>Thank you.</p><p><strong>[00:37:53.190] - Agnieszka</strong></p><p>Is there anything that you wish Rob would do or told you in an early stage that would help you support him in his journey, like, help you understand what he's going through or what you're both signing up for<br /> </p><p><strong>[00:38:13.950] - Kristen</strong></p><p>I don't know that there's anything he could have told me that would have made things different, because as I said, he wasn't really sure of what direction he was going in in the first place. He didn't know. I didn't know, and we've kind of done this together. I do think that if there's anybody listening to this that is supporting a spouse, I think it's really important to keep the pressure off as much as possible. What I've seen in other relationships is sometimes people who go into trading or professions like this go all in without a plan B. And I understand that I can be that kind of a person, but there's so much less pressure when you have an income source coming from somewhere else. And the other business that we have was, by design, made to have us be home and have time, and we do. And luckily that business has stayed afloat for 15 years and we're grateful to have that money to feed the other things that we're interested in doing. So I think it's important to give yourself the space to learn, but to also less pressure by having another income source.</p><p><strong>[00:39:35.530] - Agnieszka</strong></p><p>Thank you for that. This is, I think, so helpful because I have come across traders that are actually in the situation, everything put everything in, and it does create incredible pressure on the family, on the whole family. Not just a spouse, but also children, if there are children. And I think the one thing that you mentioned that is incredibly important is making sure that even if you don't know exactly what you're signing up for, you are both signing up for it.</p><p><strong>[00:40:10.260] - Kristen</strong></p><p>Absolutely.</p><p><strong>[00:40:10.920] - Agnieszka</strong></p><p>For that not knowing and still going into it. Because of that type of decision, it is not just, okay, I'm just going to have a new job, right? No, there is going to be an impact. Everyone involved around you will be impacted by it.<br /> </p><p><strong>[00:40:28.510] - Kristen</strong></p><p>Yeah. And I think it's important to give your partner the space to immerse themselves. That might mean they don't have time for certain other things. I mentioned that at the beginning. I was a little worried about that, but I saw how important this was to him and it was fine. We made it work.</p><p><strong>[00:40:51.940] - Agnieszka</strong></p><p>Very good. That's an awesome story, and thank you so much for sharing it. It also kind of brings me back a little bit from a different perspective, but yeah, it's just thinking about that impact and I don't think it's really lit enough in that industry. We talk a lot about traders, but there is always I call this gray eminence that someone behind you that is supporting you in all that, the journey, and that it's either your wife or your partner sometimes could be a friend, but it's really important that that person is there. That's definitely key. Well, that brings us to the end of this episode, and I hope it will help traders who are listening to this to understand that their trading struggle is affecting their partners and support them on this journey. The support network is incredibly important in trading, but if people do not understand what you're going through, they cannot give you the support that you need. And it is your responsibility as a trader to make sure that they know and also to respect that they might not want to go through it. And in that case, just keep your problems, your work problems at work, and don't bring them to the dining table.</p><p><strong>[00:42:20.270] - Agnieszka</strong></p><p>Thank you so much, Kristen, for joining us and for this incredibly enlightening conversation today. And I really appreciate you sharing your experience and your true feelings with us.</p><p><strong>[00:42:33.360] - Kristen</strong></p><p>It was my pleasure. I always share true feelings.</p><p><strong>[00:42:37.890] - Agnieszka</strong></p><p>That's awesome. That's what this podcast is about. Thank you for listening to the Confidence in Trading podcast. If you enjoyed my show, please review it and rate it on the Apple podcast. And be sure to subscribe so you can come back for a real-life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="41496285" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/6e2294df-349d-43ab-9b26-cbbf83abf9bb/audio/977ba4ca-1ffd-4c4b-aaf0-8c1b7b0ee73c/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The Untold Story</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:43:13</itunes:duration>
      <itunes:summary>In this episode Agnieszka and Kristen Vallejo - a thriving entrepreneur, a lifestyle photographer, and... a wife of the trader, discuss challenges of trading faced not only by traders, but also by their partners. They are shedding light on the intricate web of emotions that both parties navigate, emphasizing the difficulty in providing advice or support, as the trader needs to come to their own decisions. Agnieszka also shares her own story of how her trading impacted her husband. 
This episode is a must-listen for anyone looking to gain insight into how the trading world can affect relationships and how to overcome those obstacles together with your loved one.
</itunes:summary>
      <itunes:subtitle>In this episode Agnieszka and Kristen Vallejo - a thriving entrepreneur, a lifestyle photographer, and... a wife of the trader, discuss challenges of trading faced not only by traders, but also by their partners. They are shedding light on the intricate web of emotions that both parties navigate, emphasizing the difficulty in providing advice or support, as the trader needs to come to their own decisions. Agnieszka also shares her own story of how her trading impacted her husband. 
This episode is a must-listen for anyone looking to gain insight into how the trading world can affect relationships and how to overcome those obstacles together with your loved one.
</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>7</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">22445e5d-b8fb-41ef-88c9-a53a4b56d992</guid>
      <title>A Chicken and Egg</title>
      <description><![CDATA[<p>In this episode, Ben Okopnik, an experienced trader, talks with Agnieszka about the importance of balancing emotions and rational thinking in trading. Ben emphasizes the need for a clear evaluation of risk and potential outcomes before making a trade. He also stresses the importance of learning to think rationally and developing a trading plan with clear risk parameters to avoid emotional decision-making. </p><p>The conversation also touches on the difficulty of finding the right path to learning trading, given the noise and nonsense in the market. Ben recommends finding trustworthy professionals to learn from and emphasizes the importance of hands-on experience in addition to academic knowledge. The conversation highlights the importance of education, discipline, and a focus on the process in trading.</p><p><strong>About Ben Okopnik</strong></p><p>Ben has managed to pack several lifetimes into one so far, with a broad range of experiences. After emigrating to the US in the 1970s, he's been a soldier in the US Army, an electronics technician, a taxi driver in New York City, a Blue Water sailor, a teacher. He's held a number of highly lucrative positions and ran a couple of successful businesses. </p><p>His trading experience has been mostly in options, surfing the line between quant and discretionary - but includes futures, FX, crypto, DeFi, and passive investment. Recently, he's been concentrating almost exclusively on learning directional stock trading via the Strat.</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Ben Okopnik:</strong></p><ul><li><a href="https://twitter.com/CoachYourHead">Twitter: @</a><a href="https://twitter.com/okopnik?s=20">https://twitter.com/okopnik?s=20</a></li></ul><p><strong>Mentioned References:</strong></p><ul><li><a href="https://www.turtletrader.com/it/">https://www.turtletrader.com/it/</a></li><li><a href="http://sepiagroup.com/">http://sepiagroup.com</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p>[00:00:00] - Agnieszka</p><p>I am Agnieszka Wood, and on today's show, I'm very excited to introduce my special guest, Ben Okopnik. Ben has managed to pack several lifetimes into one so far with a broad range of experiences. After emigrating to the US. In the 70s, he has been a soldier in the US. Army, an electronics technician, a taxi driver in New York City, a Blue Water sailor, a teacher on mostly computing-related topics, and a large variety of other things. One of them, he just told me he was also a Hollywood star.</p><p>[00:00:36] - Ben</p><p>[chuckles] I don't know if I'd call it that.</p><p>[00:00:38] - Agnieszka</p><p>Very nice having you here. Welcome!</p><p>[00:00:41] - Ben</p><p>It's a pleasure to be here, Agnieszka. Thank you.</p><p>[00:00:43] - Agnieszka</p><p>Ben has been trading for about a decade, and his trading experience has been mostly in options, surfing the line between quant and discretionary but includes futures, forex, crypto, DeFi, and passive investments. And recently, he has been concentrating almost exclusively on learning directional stock trading via the Strat. I met Ben on Twitter recently, actually, where we had a very interesting exchange about what you should focus on first when you get into trading in order to be successful, getting your skin in the game, or the psychology of trading. And since our belief seems to differ on this topic, I ask Ben to join us today to have this conversation here on my podcast and hopefully shine some light on this intriguing and quite controversial topic. Welcome to episode number six, A Chicken and Egg. Hi, Ben. Again, welcome to my podcast, and thank you for being open to discussing your beliefs in this open forum.</p><p>[00:01:42] - Ben</p><p>My pleasure, Agnieszka. I think that putting it as the chicken and the egg, this very much parallels what we're discussing because I don't think either one of us is saying, no, no, only this piece is necessary. Both are necessary. Of course, the question is, where should most of the focus be? And that's a great discussion in itself. So looking forward to it.</p><p>[00:02:06] - Agnieszka</p><p>That's awesome. Ben, when we had our initial conversation, what became very clear to me at first was your rational approach. Considering that trading, as you said, is an intensely human activity, one that engages our strongest emotions, we have to learn to approach it rationally, almost mechanically. For me, as a mindset coach, there is so much to unpack here. But let's begin with this. Could you elaborate a little bit more on what you mean by the mechanical approach to trading and how that can help traders with controlling their emotions during trading sessions?</p><p>[00:02:47] - Ben</p><p>Okay, so as I'm sure you know, a lot of clinical psychology, right? As a coach, I'm sure you know about this, right? Comes down to correcting irrational thinking, right? If somebody says, oh, everybody always hates me, generalization, right? Everybody. There we go. There we go. So you have to learn to think rationally, because if your perception is not correct, then the outcome of your thoughts and actions is very unlikely to be anything other than random.</p><p>[00:03:20] - Agnieszka</p><p>Right.</p><p>[00:03:21] - Ben</p><p>To me, that is the basis, because if you go in and trade, trading particularly focuses that any mistakes of rationality, any mistakes in perception, you're going to pay for those directly.</p><p>[00:03:34] - Agnieszka</p><p>Very directly.</p><p>[00:03:35] - Ben</p><p>Yeah. There is no softening layer, there's no buffer between you and the money.</p><p>[00:03:41] - Agnieszka</p><p>Right.</p><p>[00:03:41] - Ben</p><p>If you make a mistake, you're going to pay for it 100% of the time. So to me, that is the classic foundation of everything else. On top of that, and to me, the layer that has to come next is you could theoretically say that it's a psychological layer, but also a half and half, I would say, perception of risk. You have to have a rational evaluation of risk. Right.</p><p>[00:04:07] - Agnieszka</p><p>And I think that's a lot where it goes wrong.</p><p>[00:04:09] - Ben</p><p>Right, absolutely. Now, in order to do that, you have to have a clear evaluation of what your perception of risk is. How do you establish that? By actually trading. By actually going in and trading. Throwing yourself into an environment where you are at risk. Otherwise, you can think about it ahead of time all you want, but until you've done it.</p><p>[00:04:34] - Agnieszka</p><p>Yeah. So you have to feel it. You mean you have to feel the risk in order to establish your perception of risk. I mean, you can feel how it feels, but you think there is no way to protect yourself upfront before you throw yourself to the fire.</p><p>[00:04:52] - Ben</p><p>Of course, you definitely must risk limiting your trades. There's no way out of that. You don't just go in, throw your money in and go, well, I'll just sit here and see what happens. No, put in your stop, put in your limit, and sit there and watch what happens as the price moves between the two of them, whichever one of them it hits, whether you win, whether you lose, preferably and this is interesting, you should lose preferably first off. You know what I'm talking about.</p><p>[00:05:20] - Agnieszka</p><p>Yes, absolutely. Especially that very first trade. Everyone says lucky trade. I always say this is the unlucky trade because you win that first trade with completely bad expectations.</p><p>[00:05:34] - Ben</p><p>Worse.</p><p>[00:05:35] - Agnieszka</p><p>Yes.</p><p>[00:05:35] - Ben</p><p>The worst thing, the worst thing that could possibly happen to you is you win your first trade, then you're so excited and your estimation of risk becomes incorrect. It's the one thing you can't afford.</p><p>[00:05:48] - Agnieszka</p><p>Right. I think the dilemma of many traders is because you say you have to put your parameters, you have to put the risk. And that's where I see a lot of times going exactly wrong, because they don't, and I didn't, and nobody does. I mean, most of the traders who are getting into trading, I mean, they open an account and they just put a trade. They don't even think there isn't, you know, that they can lose. They only think about they can make money.</p><p>[00:06:20] - Ben</p><p>You may be right. And this, to me, again, comes down to rational estimation of what's, you know, what's true. You have to look at it rationally. When you put your money into a trade, the chances of you losing versus winning are exactly the same as we put it. In the options world where we do a lot of calculations, the expected value of any trade at entry is zero.</p><p>[00:06:49] - Agnieszka</p><p>Right.</p><p>[00:06:50] - Ben</p><p>That is, if you do 100,000 trades, if you go strictly by chances with nothing else influencing it, if you don't have any definite alpha, as we call it, 50,000 of those trades are going to go to the good, 50,000 of them are going to go to the bad. The outcome is zero.</p><p>[00:07:11] - Agnieszka</p><p>Yes. And in general, rationally speaking, you should note it before placing a trade.</p><p>[00:07:18] - Ben</p><p>Absolutely.</p><p>[00:07:19] - Agnieszka</p><p>But somehow there is this difference between when you go, let's say to a casino and when you're trading. Because when you go to a casino, I always say the difference is when you want to play the slot machine, you first have to put the money in. Right. So you kind of accept the risk and you're actually assuming, well, I might lose it. And that's where you rationally accept the risk with trading because you don't have to pay upfront, you have to pay after. Deep inside. A lot of traders do not accept that risk.</p><p>[00:07:55] - Ben</p><p>You may be right to some degree. To me, as soon as you click that button, whether you buy or whether you sell, you always have some definite. Every single trading platform I know of shows you risk versus reward. And so the moment you click that button, you are at risk. You know that you have an open risk. You may be right in that it is not as clear how should I say this does not have the same exact emotional impact as actually taking money out of your pocket and shoving it into a machine.</p><p>[00:08:35] - Agnieszka</p><p>Exactly.</p><p>[00:08:35] - Ben</p><p>So you're right to that degree. People don't see those numbers on the screen as being quite as meaningful as taking actual cash out of their pockets and plunking it down. So I would agree with you there.</p><p>[00:08:47] - Agnieszka</p><p>That's why a lot of times they say, oh, I have a loss, but I haven't taken it. A lot of traders believe that not taking a loss is not hurting them. And I tell you, I have learned the hard way and I have waited years for the price to come back on my very first trade. And I can tell you at some point it was a souvenir I was like I have this at that point, after all those splits, I think it was like I had three shares left for the price. The price of that stock was just incredibly high, while this whole stock just never really came back. And I thought this is such a good warning that the price does not have to come back. No, that was the untaken loss. So when I hear people saying that, I'm like, oh, well, you might learn the hard way. I know I did.</p><p>[00:09:41] - Ben</p><p>Again, from the calculated perspective, I'm coming from the perspective of options. There's a kind of a saying that every options trader basically memorizes from the beginning, and that is volatility is mean, reverting price is not. There is no means by which the price has to come back. In fact, it almost never does. If you look at the general trend of prices in, let's say, SPX, it's an upward trend. It never reverts. Okay.</p><p>[00:10:12] - Agnieszka</p><p>Yes. From a rational point of view, if you put those facts on paper, you will agree with them. The moment that traders get into trades, even if they know that they make decisions completely irrationally right, based on emotions.</p><p>[00:10:30] - Ben</p><p>And this is exactly why I say that you have to actually do some trading. Because then you can sit back, look at your actions, and say, wait, why did I do this? The rational thing to do was X, Y, and Z. But I did A, B, and C. Why in the world did I do this? And now you have perceptions that are much more aligned, or that you can drive back toward rationality because you see yourself acting emotionally beforehand. You could say to yourself, oh, I'm going to be cool, calm, and collected. I'm always going to do the right thing. If the price goes against me, I'll just exit. No, you won't.</p><p>[00:11:09] - Agnieszka</p><p>Right?</p><p>[00:11:10] - Ben</p><p>No, you will not. Stop lying.</p><p>[00:11:13] - Agnieszka</p><p>That's the two emotions that are completely switching the moment that you enter a trade, fear, and hope, right? They completely go upside down.</p><p>[00:11:22] - Ben</p><p>Exactly, right? I absolutely agreed.</p><p>[00:11:27] - Agnieszka</p><p>Yeah. So let's say for people who are already in trading, right, and they have made so many irrational decisions, and now they're like, okay, I do want to think rationally, but I'm still struggling because those emotions are just simply taking over. How do you do that? Because you have a very rational approach. What are the best ways to control your emotions during trading? Do you have any emotions because you're thinking rationally, right? Of course. How do you deal with it?</p><p>[00:11:55] - Ben</p><p>So there are two things when you're already trading and again, you look over your past trades and you say, you know, I'm acting emotionally and I can't stop myself. If you're a self-starter like myself, then you look for ways to correct the impact of those emotions, to set them aside. If you're not, and many people aren't, and there's nothing positive or negative about this, then the best thing to do is to look for a coach like yourself who has actually thought about this and who can help you. Redirect your whether redirect your emotions into a more rational channel or find a mechanical approach to your strategy where your emotions simply can't get involved. No matter what you think, no matter how you feel, as an example, again, let's say that you decide that you're going to always trade with a stop and a limit, but as soon as you get into it, oh, my God, the price is moving in the wrong direction. Well, if I move the stop away a little bit, you understand exactly what I'm talking about, right? Of course, yeah. And people will do that. And then the limit oh, well, maybe the price yes, price is going in my direction, but if I move the limit down, I can at least take some profit.</p><p>[00:13:11] - Ben</p><p>Right. Wrong thought patterns. Right. What do you do about those? Well, you have to correct those misperceptions. You have to have a hard set of rules. Like, I'm going to do my best to compute what is a reasonable stop and what is a proper limit for this trade. I'm going to set those and I'm going to walk away from the computer. If need be, I'm going to switch it off.</p><p>[00:13:36] - Agnieszka</p><p>Right, right.</p><p>[00:13:36] - Ben</p><p>If that's what it takes for you, then do that.</p><p>[00:13:39] - Agnieszka</p><p>Yes.</p><p>[00:13:40] - Ben</p><p>Right.</p><p>[00:13:40] - Agnieszka</p><p>I totally agree with you. It's funny because you're talking about those perspectives, I call it, in my coaching mindset, shifts, because you have to shift your perspective and start thinking about what works in the environment of the market, which is very different than how we normally think, how we do things, how we achieve success in our daily life. They're so different. And I think the biggest problem is that we just take our perspectives of what we know and we just bring it to the market and we think.</p><p>[00:14:16] - Ben</p><p>This is going to work. I'm going to take that and run with it. Actually, one of the emotions and the perspectives that we bring in from daily life into the market are not just a little wrong, they're literally 180 degrees away.</p><p>[00:14:30] - Agnieszka</p><p>Correct.</p><p>[00:14:31] - Ben</p><p>I'm not going to say the market is designed because I don't believe that there's anyone sitting there pulling strings, but the market is perfectly configured, and perfectly structured to take money away from you. If you think as a let's call it a civilian, absolutely. 100%. Look, the price is trending this way, therefore I should get into it. Oh, the price is trending down, therefore I should shirt the stock. Too late. Yes, you are too late. And if you get in at those times, someone will take your money. Guaranteed. Yeah, guaranteed.</p><p>[00:15:08] - Agnieszka</p><p>It's almost like advertising is playing on our emotions and they know exactly how we react.</p><p>[00:15:12] - Ben</p><p>Right, yes.</p><p>[00:15:13] - Agnieszka</p><p>The same way the market is constructed, because it's a business model and I think everyone has to understand it. Just like in a casino, the house always wins. So it is not like you have to trick the market. No, you have to trick yourself into not thinking that whoever you think you are, you're nobody there. Right. And you're really lucky if you will be able to pull money out of the market, out of that huge machine that is designed for you to fail, basically.</p><p>[00:15:47] - Ben</p><p>Right, yeah. Again, if you come in with those emotions of a civilian. Yes, it is. Absolutely. A model that will make you fail. It will take your money, as I call it. All you will do is provide liquidity to professionals. Yeah.</p><p>[00:16:06] - Agnieszka</p><p>It's funny. I love to call it. You have to take yourself out of the equation. You are in your own way, because when you're talking about designing a process that will help you to do those things mechanically so basically for you, I don't know, sometimes it might mean placing bracket orders. Right. And just walking away. Because the moment you sit there and you're watching and you see all these price movements, your mind is simply going to play with you. It is. I mean, there is no other way. And yes, I always say, like, yes, you can make it very difficult for yourself and sit there and watch it and say, no, but I want to be disciplined. I have to be. I'm like, if this is really so difficult for you, why would you do that? Trading is difficult enough. Design the process that will make it easier if you lose money after eleven, and stop trading after eleven.</p><p>[00:17:02] - Ben</p><p>Right, yeah. To me, that's actually I like to take a kind of an outside perspective of myself whenever I see myself getting emote. And this isn't just about trading. This is something I've learned from sources as disparate as Zambudism and yoga and so on. There is a concept of the watcher which is you understand what I'm talking about, sort of an abstraction of yourself that sits in your head. Does not judge the awareness. Right, yeah. Does not judge, but just sits there. And it was absolutely fascinating to me when I started trading to have that, to look down onto myself and go, look at the emotions you're experiencing, all you're doing, you just bought one share. The most I can lose is maybe a dollar. But look at you. Look at your heartbeat. Look at your breathing. This is amazing that this is happening to you. How is this? As you've mentioned, I'm a sailor. I've sailed the ocean. I've been in hurricanes as a soldier. I've been in scenarios where I've been shot at. I've been in some really amazing stuff in my life. And the emotions brought forth by trading, by risking nothing more than a dollar, were so outrageous, were so huge that I just had to sit there, look at it, and go, what in the world is happening to you?</p><p>[00:18:36] - Ben</p><p>It's fascinating.</p><p>[00:18:38] - Agnieszka</p><p>Fascinating. And why do you think that is? Is it the scenarios we make in our heads that we are scared of? Which absolutely, I think what is it? 90% of which does never happen.</p><p>[00:18:49] - Ben</p><p>Of course, there are the scenarios, there are the average person's concepts of what money is and what it means. Right. Money affects us at the deepest level. Normally, we don't think about it. Money comes in, we spend it, big deal. But as a trader, you are again faced with direct gains and losses with nothing between you and the market. And I think those things hit you directly in emotions, in ways that most people can't even predict. They don't know what it is.</p><p>[00:19:22] - Agnieszka</p><p>Yeah. I think that part of it is that a lot of people value themselves through money, right? Through their success, what they have, and what they can present to others. So the moment that you are losing money or that you are not having success, you take several losses after each other, even though it can be the most rational thing right? Because it's probability. So yeah, it's very probable you're going to be experiencing it still. It hits so much so deep that the whole confidence and everything about you, you start just doubting yourself as a person, which I find the trading experience is just so much more than just trading. Just because of that.</p><p>[00:20:08] - Ben</p><p>I agree.</p><p>[00:20:09] - Agnieszka</p><p>Additional emotional side. Right.</p><p>[00:20:10] - Ben</p><p>I agree. I lost a dollar. I must be worthless as a human being. What in the world? So this is one of the things that makes trading fascinating to me now. One of the things that and again, of course, I have had to learn enough relevant psychology, trading psychology, in order to trade well, you basically have no choice once you have learned, once you've established something that will produce alpha for you, something that does have a positive return overall. Now the only thing you can work on is improving your execution, obviously, but really mainly yourself. Right?</p><p>[00:20:52] - Agnieszka</p><p>Yeah.</p><p>[00:20:52] - Ben</p><p>And so one of my favorite things that I ever saw was Mark Douglas. Of course, I'm sure you've heard of Mark Douglas, right? Mark Douglas wrote this wonderful book, Trading in the Zone, and he said something in there that to me is absolutely key. He said, once you have defined how you're going to trade, and what your trading strategy is, do 20 trades. It doesn't matter whether you win or lose, you do not pay attention to that. You are committed to doing 20 trades, win or lose.</p><p>[00:21:24] - Agnieszka</p><p>Yes.</p><p>[00:21:25] - Ben</p><p>At the end of those 20 trades. Now sit back and evaluate. Do you need to change your strategy or do you keep going forward? And I love that concept. That's another version of what we've been talking about.</p><p>[00:21:36] - Agnieszka</p><p>Yeah. And that's a very rational approach. Right. And if you manage to stay within that rational area while you're evaluating it, you're actually learning from it and moving forward. Right. A lot of traders that I talk to that come to me with a problem, they don't even journal or they don't even evaluate because they're so fed up with the losses that they go like, I don't even want to look at this. So that brings me actually to our second topic. So most traders that come to me for help, struggle with accepting the risk we talked about a little bit already. And technically, yes, they can place the stop, but because of various emotional reasons, they don't accept it. So they don't place the stop. Right. And they will keep lowering it or simply remove it. Now, in one of your tweets, you mentioned that there is nothing anyone can do for them. I'm sure the audience does not want to hear that, but basically, they need basic education. Right. This has nothing to do with mindset. You also mentioned that some people aren't suited for trading, just like some aren't suited for truck driving.</p><p>[00:22:57] - Ben</p><p>Right.</p><p>[00:22:57] - Agnieszka</p><p>I, on the other hand, believe that you can do anything if you put your mind to it. And throughout my life, I kept proving it to myself every time again. So while you're saying focusing on the mindset before experience in dealing with problems that needed doesn't make sense to you? In my mind, if you deal with your mindset first, you can prevent the problems so that you don't have to deal with them, or at least you can be prepared for how to handle them. Right. So I would love to understand where you're coming from. Would you like to elaborate on your point of view?</p><p>[00:23:41] - Ben</p><p>Sure. A lot of people come to trade. The thing that drives them into trading is purely emotional. I don't think there's ever someone unless you go to school and you get a degree in finance and you go to work for Susquehanna or whoever, one of these big trading houses or market makers.</p><p>[00:24:05] - Agnieszka</p><p>Right.</p><p>[00:24:05] - Ben</p><p>That's a rational path. And that's something that takes years and years of tremendous effort.</p><p>[00:24:11] - Agnieszka</p><p>Just like a career. Right. You learn it like you would want to be a doctor. Pretty much.</p><p>[00:24:16] - Ben</p><p>That's exactly what it is. Yeah. And by that point, you're not really dealing with emotions or any of that stuff that you have worked through so much. It is such a rational, structured discipline. Frankly, professionals can't afford to have this emotional, irrational approach. That's just not going to happen. Let's set that aside because that's a completely different area. So let's talk about retail traders. Retail traders are, I would say, always driven by emotion to start trading.</p><p>[00:24:53] - Agnieszka</p><p>Yeah.</p><p>[00:24:54] - Ben</p><p>Oh, I heard of this guy that made, you know, $10 million in GME in three days from starting from $100. I want that too.</p><p>[00:25:04] - Agnieszka</p><p>GME. Oh my God. They just had earnings last night. This morning, I texted my or I put in a chat room to my students, like, are there any GameStop wannabes oh, dear? You guys keep focus. Just make sure you're not biased because you can really get biased by it. Right.</p><p>[00:25:31] - Ben</p><p>I've actually made very good money in GME, but certainly not by buying or selling stock, by shorting Volatility, basically by saying around earnings, around events like that, people are going to get crazy about price, they're going to overpay. And so I'm willing to take the other side of the trade. This is where options come in handy. And so shorting volatility in something like GME, around events that's proven quite profitable.</p><p>[00:25:58] - Agnieszka</p><p>Yeah. But you see, you trade the market. You don't trade the stock, the price. I want to make money. You know what I mean? It's very different. It's the distance that you take the distance approach and say, okay, what is the real opportunity here?</p><p>[00:26:16] - Ben</p><p>Exactly.</p><p>[00:26:16] - Agnieszka</p><p>Instead of getting sucked into that swirl sorry, you were talking.</p><p>[00:26:22] - Ben</p><p>Yeah, no, it's fine. I'm sorry. I also get diverted. To me, this trading is absolutely fascinating. All aspects of it, including the psychology of it. As I said, most traders begin trading from an emotional perspective.</p><p>[00:26:36] - Agnieszka</p><p>Right.</p><p>[00:26:37] - Ben</p><p>And as long as they stay with that purely emotional perspective, they're never going to make it. All they're going to do is contribute liquidity to the market, put money in professionals' pockets, and that's the end of that. I think that, again, for those people, if they are stuck, the only next step they can take is either go to someone like yourself or learn about how the psychology of trading works and change it themselves. But again, most people are not well suited to that.</p><p>[00:27:08.360] - Agnieszka</p><p>Yeah. It takes a lot of work, and it takes a different perspective. So if you cannot stand outside of yourself, like you were saying, and I call it leader position.</p><p>[00:27:19] - Ben</p><p>I like it.</p><p>[00:27:20] - Agnieszka</p><p>Yes. During my program, I review sessions, and trading sessions of my students, so I also pay very much attention to their body language because I can tell whether you are in a leadership position or if you are in an operator mode. Right. And most traders begin in the operator mode with 90% time spent on clicking the buttons.</p><p>[00:27:47] - Ben</p><p>They're hunched over all the classic signals.</p><p>[00:27:53] - Agnieszka</p><p>Your hand over that mouse.</p><p>[00:27:57] - Ben</p><p>Yeah. Warren Buffett actually has this thing that he tells people once in a while, and I think it's a wonderful idea. He said if you had a card with ten spots on it where you could only every time you took a trade for the rest of your life, you had to punch one of those things out. If you could only take ten trades for the rest of your life, how careful would you be entering those trades?</p><p>[00:28:21] - Agnieszka</p><p>Yeah, I think waiting for the opportunity is the most difficult thing for people to do because that means pretty much doing nothing or distracting yourself from trading. But if you're so you're saying basically, when people are focused on the emotions, I call it to focus on the money.</p><p>[00:28:47] - Ben</p><p>Yeah. You can't afford to do that.</p><p>[00:28:50] - Agnieszka</p><p>Yeah. Switching the focus to the process, that's just such a significant change of perspective or mindset shift, and then just work out what your process is and what you were saying. Like, if you do those 20 trades right, and they don't work, or they work now, you can work on the process. What do most traders do? They ask themselves, what's wrong with me?</p><p>[00:29:19] - Ben</p><p>Yes. What did I do wrong?</p><p>[00:29:22] - Agnieszka</p><p>So tell me about your journey, about your trading journey. How do you tackle the challenges? Because since you were in the military, there's a lot of former military people who are trading, and they're doing great because of the discipline. Right. Do you see it, how it contributed to your trading?</p><p>[00:29:43] - Ben</p><p>Yes, I do. It's somewhat indirect. My military experience is quite a while back. It's interesting. I was actually at a veteran's meet-up this morning, which happens every two weeks, just so happens. But yes, mission orientation, working out the structure of the mission and executing it, you not only learn those things, you sort of inculcate them into your life process in the military is just something that you learn to do. And yeah, that definitely does relate to trading.</p><p>[00:30:20] - Agnieszka</p><p>So how do you deal with distractions that take your focus away from that mission?</p><p>[00:30:28] - Ben</p><p>You don't let them distract you.</p><p>[00:30:31] - Agnieszka</p><p>You just reject the thoughts.</p><p>[00:30:33] - Ben</p><p>No, there's a thing called mission focus. All right? This is the primary thing. You got to keep your eye on the ball. If something happens that is distracting, you have to give it some weight because some distractions are actually threatening to the mission or whatever it happens to be. And that's the only evaluation that you do. Is it a threat to the mission? If so, how much of the mission effort do I have to devote to it? If so but other than that, no. You judge it again from a rational perspective, even though the impact is emotional.</p><p>[00:31:09] - Agnieszka</p><p>I see. That is so interesting. So basically what you do is you evaluate it, but looking at your mission has this impact on my mission. So you basically just look at it pretty much like when you have a trading strategy, right? And you have all these opportunities coming at you, all you have to do is evaluate, if this fits into my strategy. Is this fitting into my strategy? Is this what I want? Is this what I said I want?</p><p>[00:31:43] - Ben</p><p>Yeah. And you have to learn, as a great coping skill in trading, you have to learn to stop making deals with yourself.</p><p>[00:31:54] - Agnieszka</p><p>No negotiations.</p><p>[00:31:56] - Ben</p><p>No negotiation. But this is really close. Okay, maybe I haven't seen the exact trade that I want, but, you know, this is really close, and maybe I should risk a little. No, don't do that. Do not do that.</p><p>[00:32:11] - Agnieszka</p><p>Yeah, I have a few extra punch cards.</p><p>[00:32:18] - Ben</p><p>That's a bad idea.</p><p>[00:32:19] - Agnieszka</p><p>Yeah, definitely a bad idea. If you have to convince yourself, I always say, well, if you don't see a setup, if it doesn't jump out at you, it's probably not there. If you really try to see and you have to turn your computer upside down to convince yourself this is actually a flag. It's probably not a flag. Oh, that's fascinating. In one of your messages, you mentioned that you are still going for basic competence in trading. Right. And that's what I'm talking about. Sounds good. The things that I. Am talking about sound like a good next-level things and stuff to aspire to once you get those basics ironed out. And in this case, I was talking about being present a the moment. Now I understand that you are also actually talking about being that observer. So we are actually talking about the same thing which I consider a basic competence for every trader to be present in the moment. Simply because if your mind wanders into the past and brings pain from previous losses, right, or it runs into the future and triggers this high expectation of yourself, all the money you're going to make or fears all the money you're going to lose, this will impact your decision-making process.</p><p>[00:33:42] - Agnieszka</p><p>Right? So then you basically let the emotions decide about your trade. So this brings us to the question of what comes first, a chicken or an egg?</p><p>[00:33:53] - Ben</p><p>I was just thinking that that's a very exact parallel to the whole chicken or the egg. And so again, to me, you have to at least experience how trading impacts you. And going from there forward, how much of the emotional basis can you shift to the rational? How much do you need help with? How much can you do by yourself? So possibly again, chicken versus egg. Maybe both. Maybe both coming up at the same time via ramping process. You can do so much of one, then a little more of the other, then a little more of one, then a little more of the other. And so perhaps it's that sort of ramp-up process.</p><p>[00:34:42] - Agnieszka</p><p>Yeah. And actually when you were talking about it, what I notice is, or what I notice how we are being impacted, our decisions are because of our experiences from the past, right? And a lot of times people would say, yeah, but I am just like this because of all the things that happened to me. And in fact, those are all irrational thoughts because you're taking something that happened maybe 20 years ago and now you're bringing it into your trading that those thoughts have nothing to do or even those experiences have nothing to do with your trading. Right. So that is a pretty irrational thing to do, right? Even though people are trying to make it rational because they say, yeah, but this is the way I am.</p><p>[00:35:29] - Ben</p><p>No, the reality is the market does not care about your story.</p><p>[00:35:33] - Agnieszka</p><p>That's a good point.</p><p>[00:35:34] - Ben</p><p>It absolutely does not care. Either you did the right thing or you're going to lose.</p><p>[00:35:42] - Agnieszka</p><p>So it's really about doing the right thing.</p><p>[00:35:46] - Ben</p><p>One of my favorites, I don't know if you've ever heard of Nassim Nicholas Taleb.</p><p>[00:35:52] - Agnieszka</p><p>I have not.</p><p>[00:35:53] - Ben</p><p>So he's the guy who came up with the Black Swan theory.</p><p>[00:35:56] - Agnieszka</p><p>Oh yeah. I have actually read the book, so I'm not so good at names. So maybe was this the Outer then? I have heard of him, yeah.</p><p>[00:36:05] - Ben</p><p>Taleb. Absolutely. Fascinating guy. Good thinker. Really good thinker. And many years ago, he wrote a white paper with a guy named Espin Hogg about how market makers evaluate risk in options. And there's a wonderful quote from it that I just love. He said Trading is neither philosophy nor mathematics. It is a rich craft with traders learning from traders or copying other traders, and tricks developed under evolutionary pressures. In a bottom-up matter, it is techne, not episteme, meaning that is craft rather than academic knowledge.</p><p>[00:36:50] - Agnieszka</p><p>Wow.</p><p>[00:36:51] - Ben</p><p>Academic knowledge.</p><p>[00:36:52] - Agnieszka</p><p>That's amazing.</p><p>[00:36:53] - Ben</p><p>You can sit and study as long as you want. It will not help you until you actually experience it. It's like wood carving, for example. You can sit and read about wood carving for the rest of your life, but until you put that knife to the wood right. You will not know what it is to actually carve wood.</p><p>[00:37:16] - Agnieszka</p><p>Yes. So that's about the experience and then the risk that goes with the experience, you can also read about it, and you should read about it, and you should learn about it so that you know what to expect. But if you do not trade, you will never experience it. So you will actually never know what your reaction will be.</p><p>[00:37:37] - Ben</p><p>And that is exactly my point. Yes.</p><p>[00:37:39] - Agnieszka</p><p>So, yeah, the circle around the mindset is important, and the experience is important.</p><p>[00:37:47] - Ben</p><p>I agree.</p><p>[00:37:48] - Agnieszka</p><p>That's wonderful.</p><p>[00:37:49] - Ben</p><p>Now, okay, so here's something else. Have you ever heard of "Turtle Traders"?</p><p>[00:37:55] - Agnieszka</p><p>No.</p><p>[00:37:56] - Ben</p><p>So this is fascinating. There's a book, I believe it was called "The Turtle Trading Method" or something (Official Title: Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders). But this was an experiment that came from a bet between two very successful Chicago futures traders, William Eckhart, and Richard Dennis. Okay. And Eckhart believed that you had to be born with the right emotional makeup and could not trade successfully without it.</p><p>[00:38:21] - Agnieszka</p><p>Oh, wow.</p><p>[00:38:22] - Ben</p><p>Yeah. Dennis, on the other hand, believed the opposite, that he could grow traders like they grow turtles in Singapore, was his exact statement. He had just been to Singapore, and he saw how they grow turtles in these ponds, and he said, we can do this. And so Dennis put out this ad that I think a lot of people simply didn't believe that they could just go to work for one of the most successful traders in the world, and he would teach them how to trade. Good God. And so he assembled a group of people who had either never traded before or did some trading and perhaps were unsuccessful, didn't really matter much. And he taught them a very simple strategy. And the key was, as long as they stuck to that strategy, they would make money. And as it turned out, Dennis was right. Every "Turtle Trader" who was able to follow his rules became a successful trader. Some went on to make fortunes and create hedge funds on their own.</p><p>[00:39:24] - Agnieszka</p><p>But when you say were able to follow the rules, how were they able? Because that's where the emotions come in.</p><p>[00:39:33] - Ben</p><p>Right, right.</p><p>[00:39:35] - Agnieszka</p><p>Or where did they all have this special makeup?</p><p>[00:39:38] - Ben</p><p>No. And this was exactly the difference between the two sides of the bet. They did not have to have a special emotional makeup. The rules were clear-cut. They were simply when the market has been and I don't remember exactly what the rules were. Yeah, they're not particularly applicable today, by the way, with computer trading systems and so on. But it was something like if the market dips below a certain percentage for X number of days you enter if it stays above, you exit, whatever it happened to be. But they were purely rational, mechanistic rules. Now comes the point that you're talking about, which is they started following these rules, and now you have to remember they were not using their own money. They were trading specifically for this firm. Right.</p><p>[00:40:29] - Agnieszka</p><p>Yes.</p><p>[00:40:30] - Ben</p><p>It's different, but still, when you trade money, especially large amounts of money in the market, those emotions are still going to hit you. Right. Now, in the second part of the book, once these folks started trading and were able to execute the rules and so on, now the emotions hit them.</p><p>[00:40:47] - Agnieszka</p><p>Oh, that's so interesting, isn't it?</p><p>[00:40:50] - Ben</p><p>I think you would really enjoy this book.</p><p>[00:40:53] - Agnieszka</p><p>Yeah, I should definitely look at that.</p><p>[00:40:54] - Ben</p><p>Hurdle Traders. So a fascinating study of how that worked. And a lot of people actually dropped out of the program for the specifically stated reasons of, I just can't do this. I can see it being successful.</p><p>[00:41:08] - Agnieszka</p><p>So what was it? Was the money getting into their head?</p><p>[00:41:10] - Ben</p><p>Yes. When you imagine yourself trading $10 million, or $100 million, having that at risk at any one time, some people simply can't handle it.</p><p>[00:41:21] - Agnieszka</p><p>Yeah, there's something that I call emotional immunity that I work with my students on to develop emotional immunity, and just exactly for that reason. And that's not just on the profit side, but also on the risk side. To start with, what is the level that you are immune to? And you can always grow that immunity. You can always increase that resistance and teach yourself. It's a sort of muscle memory that touches you less and less, and then once you go too high, you will feel it. Right. I can always go back. The problem is that a lot of traders, they just want to make big steps. Yeah, I want to make a leap, and I want to make a million dollars.</p><p>[00:42:04] - Ben</p><p>Yeah, that's a guaranteed way to lose.</p><p>[00:42:06] - Agnieszka</p><p>Yeah. Because you hurt yourself, the wounds are deep, and then it's very hard to heal them. Right. The last thing that I wanted to touch upon with you is what is that learning process. What would you recommend? Like, how to learn to trade? Because learning by doing costs money, time, and money. And is there any way to shorten the curve? Because there's so much help out there. There are courses, chat rooms, and YouTube videos, and it seems like everyone makes money, but it somehow it doesn't seem like the success rate is growing among retail traders. I think it's still over 90% failing. Right. So what would be that perfect process?</p><p>[00:43:01] - Ben</p><p>So I agree with you completely. I actually think that given the huge influx of traders into retail traders into the market, I saw a graph probably about a year ago. The number of retail traders has increased more than 1000 fold in the last six or seven years, which is incredible.</p><p>[00:43:25] - Agnieszka</p><p>Hence the good earnings from brokerages.</p><p>[00:43:28] - Ben</p><p>Oh, yes. This is why all the brokerages can now give us free stock trading and all of that. Here's what I'm going to say. I think it is incredibly difficult, it is almost impossible to find the right path on your own unless you get lucky. There's so much noise, there's so much nonsense by so many quote gurus who are simply out to squeeze a buck from you, that it's almost impossible to find anything. I was incredibly lucky. Okay, maybe this is worth boasting about a little. Maybe because of my personality, maybe because of how I speak to people. I was lucky enough to connect with some old-time professional traders, some people who are actually retired from CBOE, and several people of that sort who helped me along. Now, again, none of them would simply come out and say, do this, this, and this, and you'll make money. That's not how it works.</p><p>[00:44:37] - Agnieszka</p><p>Isn't it interesting that actually people who you can trust, will never promise you that you will make money or that you will make million or 100,000 a month because they know they cannot promise it? So maybe that's the first warning for everyone.</p><p>[00:44:51] - Ben</p><p>Exactly.</p><p>[00:44:52] - Agnieszka</p><p>If anyone makes this kind of claim, that's a red flag for sure.</p><p>[00:44:57] - Ben</p><p>Right, I agree. And this is what is out there. 99.99% of everything that is out there is literally that.</p><p>[00:45:05] - Agnieszka</p><p>I wish when I was learning that there would be someone I could completely trust and that they would take my hand and help me. But still, till this point, I feel that there are not really many people in the market that can do that for you. And because of that, still, the path is people losing accounts many times and losing their confidence and end up in that failing cycle and stuck.</p><p>[00:45:33] - Ben</p><p>Now, I actually do have a positive recommendation.</p><p>[00:45:36] - Agnieszka</p><p>Good. Oh, thank God.</p><p>[00:45:39] - Ben</p><p>One of the incredibly few. And this, I must admit, I was lucky to run across this myself. And it's free.</p><p>[00:45:46] - Agnieszka</p><p>All right, bring it on.</p><p>[00:45:48] - Ben</p><p>I will. Now, again, nobody gives away Alpha. Nobody tells you how to just go in and make money and that's it. No, that does not happen. You can just throw that completely out of your head. It simply does not happen. Simply because if someone can actually make money in the market, why would they want to charge you money?</p><p>[00:46:09] - Agnieszka</p><p>Right?</p><p>[00:46:10] - Ben</p><p>Why would they need to why do they need to take that counterparty risk and deal with you and charge you and go through setting all that up when they can simply go into the market and make money? Okay? So that's an absolute rationale. Someone who sets out to charge you money to teach you. That should be the biggest red flag there is. And that's, as I said, 99.99% of the market. Okay. I happen to be lucky to connect on a personal level with professionals and learn enough of the right thinking from them to actually build that into myself and start learning how to make money. So it's a very indirect, very difficult approach, certainly not for everyone.</p><p>[00:46:59] - Agnieszka</p><p>Got you.</p><p>[00:46:59] - Ben</p><p>And again, involved quite a bit of luck, that is from the options trading side of the house, if you will. It's difficult on the stock trading side of the house. This is actually something that I ran across in a Futures Forum talking to an old-style trader, a guy named Daniel Bones, a wonderful guy to follow on Twitter. And Dan mentioned this strategy put together by a guy named Rob Smith called The Strat. And after seeing a million gurus advertising this stuff, I was incredibly skeptical, and I sort of kept that at the back of my mind, but I kept running across it on Twitter, and other places, and I thought, I don't really believe in directional trading, as most options traders don't. We trade volatility. Directionality, that's a really questionable thing. How the hell can you possibly predict which way the stock is going to move? But I decided at one point, and with the market being varying in volatility as much as it did, there was a point during last year when I said, you know, I need to back off because very few good trades are coming down the pike, and I don't want to take an extreme risk.</p><p>[00:48:23] - Ben</p><p>Let me put some time into finding out if this is real in the first place. And Rob Smith, he's also a retired trader. I seem to run across a lot of these people really quickly. Rob has put together the strategy from all of his experience in the market called "The Strat", and it is directional trading. And this is what I'm trying to learn. A lot of it, again, goes against what I always thought that directional trading. Is it really possible? Well, it is. And in my experience, and with the tremendously helpful community around "The Strat", I have been gaining some measure of success around directional trading, which has been amazing to me. Yeah.</p><p>[00:49:10] - Agnieszka</p><p>Wow, that's amazing. Thank you for sharing that.</p><p>[00:49:12] - Ben</p><p>Absolutely.</p><p>[00:49:13] - Agnieszka</p><p>If you have any links, we can post them. So if anyone wants to check it out or just probably Google the name and they will find it. Right?</p><p>[00:49:23] - Ben</p><p>Yeah. "The Strat" is at the site called sepiagroup.com. Sepia, as in the collar sepiagroup.com. There's a lot of tremendous amount of free material on YouTube from him and from people who work with him, but also sepiagroup.com check him out.</p><p>[00:49:47] - Agnieszka</p><p>Awesome. Thank you for that recommendation. And that brings us to the end of this episode. Thank you so much, Ben, for joining us and for this candid conversation today.</p><p>[00:49:59] - Ben</p><p>Agnieszka, it's been a pleasure talking to you. A pleasure to be here.</p><p>[00:50:03] - Agnieszka</p><p>I hope it will help traders who are listening to this to gain some perspective and understand that, first of all, learning trading is a process. And since this is one of the most challenging and demanding jobs out there with a huge amount of risk, it requires more learning and preparation than any other occupation. And to survive, you must know your weak sides and address them as soon as possible, whether it is a strategy, technical knowledge, or the emotional and mindset side of it. Thank you so much for listening to the podcast. If you enjoy my show, please rate it, review it on Apple Podcasts, and be sure to subscribe so you can come back for a real-life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process. Thank you so much, Ben, for being here.</p><p>[00:51:03] - Ben</p><p>My pleasure.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 2 Jun 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, Ben Okopnik, an experienced trader, talks with Agnieszka about the importance of balancing emotions and rational thinking in trading. Ben emphasizes the need for a clear evaluation of risk and potential outcomes before making a trade. He also stresses the importance of learning to think rationally and developing a trading plan with clear risk parameters to avoid emotional decision-making. </p><p>The conversation also touches on the difficulty of finding the right path to learning trading, given the noise and nonsense in the market. Ben recommends finding trustworthy professionals to learn from and emphasizes the importance of hands-on experience in addition to academic knowledge. The conversation highlights the importance of education, discipline, and a focus on the process in trading.</p><p><strong>About Ben Okopnik</strong></p><p>Ben has managed to pack several lifetimes into one so far, with a broad range of experiences. After emigrating to the US in the 1970s, he's been a soldier in the US Army, an electronics technician, a taxi driver in New York City, a Blue Water sailor, a teacher. He's held a number of highly lucrative positions and ran a couple of successful businesses. </p><p>His trading experience has been mostly in options, surfing the line between quant and discretionary - but includes futures, FX, crypto, DeFi, and passive investment. Recently, he's been concentrating almost exclusively on learning directional stock trading via the Strat.</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Ben Okopnik:</strong></p><ul><li><a href="https://twitter.com/CoachYourHead">Twitter: @</a><a href="https://twitter.com/okopnik?s=20">https://twitter.com/okopnik?s=20</a></li></ul><p><strong>Mentioned References:</strong></p><ul><li><a href="https://www.turtletrader.com/it/">https://www.turtletrader.com/it/</a></li><li><a href="http://sepiagroup.com/">http://sepiagroup.com</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p>[00:00:00] - Agnieszka</p><p>I am Agnieszka Wood, and on today's show, I'm very excited to introduce my special guest, Ben Okopnik. Ben has managed to pack several lifetimes into one so far with a broad range of experiences. After emigrating to the US. In the 70s, he has been a soldier in the US. Army, an electronics technician, a taxi driver in New York City, a Blue Water sailor, a teacher on mostly computing-related topics, and a large variety of other things. One of them, he just told me he was also a Hollywood star.</p><p>[00:00:36] - Ben</p><p>[chuckles] I don't know if I'd call it that.</p><p>[00:00:38] - Agnieszka</p><p>Very nice having you here. Welcome!</p><p>[00:00:41] - Ben</p><p>It's a pleasure to be here, Agnieszka. Thank you.</p><p>[00:00:43] - Agnieszka</p><p>Ben has been trading for about a decade, and his trading experience has been mostly in options, surfing the line between quant and discretionary but includes futures, forex, crypto, DeFi, and passive investments. And recently, he has been concentrating almost exclusively on learning directional stock trading via the Strat. I met Ben on Twitter recently, actually, where we had a very interesting exchange about what you should focus on first when you get into trading in order to be successful, getting your skin in the game, or the psychology of trading. And since our belief seems to differ on this topic, I ask Ben to join us today to have this conversation here on my podcast and hopefully shine some light on this intriguing and quite controversial topic. Welcome to episode number six, A Chicken and Egg. Hi, Ben. Again, welcome to my podcast, and thank you for being open to discussing your beliefs in this open forum.</p><p>[00:01:42] - Ben</p><p>My pleasure, Agnieszka. I think that putting it as the chicken and the egg, this very much parallels what we're discussing because I don't think either one of us is saying, no, no, only this piece is necessary. Both are necessary. Of course, the question is, where should most of the focus be? And that's a great discussion in itself. So looking forward to it.</p><p>[00:02:06] - Agnieszka</p><p>That's awesome. Ben, when we had our initial conversation, what became very clear to me at first was your rational approach. Considering that trading, as you said, is an intensely human activity, one that engages our strongest emotions, we have to learn to approach it rationally, almost mechanically. For me, as a mindset coach, there is so much to unpack here. But let's begin with this. Could you elaborate a little bit more on what you mean by the mechanical approach to trading and how that can help traders with controlling their emotions during trading sessions?</p><p>[00:02:47] - Ben</p><p>Okay, so as I'm sure you know, a lot of clinical psychology, right? As a coach, I'm sure you know about this, right? Comes down to correcting irrational thinking, right? If somebody says, oh, everybody always hates me, generalization, right? Everybody. There we go. There we go. So you have to learn to think rationally, because if your perception is not correct, then the outcome of your thoughts and actions is very unlikely to be anything other than random.</p><p>[00:03:20] - Agnieszka</p><p>Right.</p><p>[00:03:21] - Ben</p><p>To me, that is the basis, because if you go in and trade, trading particularly focuses that any mistakes of rationality, any mistakes in perception, you're going to pay for those directly.</p><p>[00:03:34] - Agnieszka</p><p>Very directly.</p><p>[00:03:35] - Ben</p><p>Yeah. There is no softening layer, there's no buffer between you and the money.</p><p>[00:03:41] - Agnieszka</p><p>Right.</p><p>[00:03:41] - Ben</p><p>If you make a mistake, you're going to pay for it 100% of the time. So to me, that is the classic foundation of everything else. On top of that, and to me, the layer that has to come next is you could theoretically say that it's a psychological layer, but also a half and half, I would say, perception of risk. You have to have a rational evaluation of risk. Right.</p><p>[00:04:07] - Agnieszka</p><p>And I think that's a lot where it goes wrong.</p><p>[00:04:09] - Ben</p><p>Right, absolutely. Now, in order to do that, you have to have a clear evaluation of what your perception of risk is. How do you establish that? By actually trading. By actually going in and trading. Throwing yourself into an environment where you are at risk. Otherwise, you can think about it ahead of time all you want, but until you've done it.</p><p>[00:04:34] - Agnieszka</p><p>Yeah. So you have to feel it. You mean you have to feel the risk in order to establish your perception of risk. I mean, you can feel how it feels, but you think there is no way to protect yourself upfront before you throw yourself to the fire.</p><p>[00:04:52] - Ben</p><p>Of course, you definitely must risk limiting your trades. There's no way out of that. You don't just go in, throw your money in and go, well, I'll just sit here and see what happens. No, put in your stop, put in your limit, and sit there and watch what happens as the price moves between the two of them, whichever one of them it hits, whether you win, whether you lose, preferably and this is interesting, you should lose preferably first off. You know what I'm talking about.</p><p>[00:05:20] - Agnieszka</p><p>Yes, absolutely. Especially that very first trade. Everyone says lucky trade. I always say this is the unlucky trade because you win that first trade with completely bad expectations.</p><p>[00:05:34] - Ben</p><p>Worse.</p><p>[00:05:35] - Agnieszka</p><p>Yes.</p><p>[00:05:35] - Ben</p><p>The worst thing, the worst thing that could possibly happen to you is you win your first trade, then you're so excited and your estimation of risk becomes incorrect. It's the one thing you can't afford.</p><p>[00:05:48] - Agnieszka</p><p>Right. I think the dilemma of many traders is because you say you have to put your parameters, you have to put the risk. And that's where I see a lot of times going exactly wrong, because they don't, and I didn't, and nobody does. I mean, most of the traders who are getting into trading, I mean, they open an account and they just put a trade. They don't even think there isn't, you know, that they can lose. They only think about they can make money.</p><p>[00:06:20] - Ben</p><p>You may be right. And this, to me, again, comes down to rational estimation of what's, you know, what's true. You have to look at it rationally. When you put your money into a trade, the chances of you losing versus winning are exactly the same as we put it. In the options world where we do a lot of calculations, the expected value of any trade at entry is zero.</p><p>[00:06:49] - Agnieszka</p><p>Right.</p><p>[00:06:50] - Ben</p><p>That is, if you do 100,000 trades, if you go strictly by chances with nothing else influencing it, if you don't have any definite alpha, as we call it, 50,000 of those trades are going to go to the good, 50,000 of them are going to go to the bad. The outcome is zero.</p><p>[00:07:11] - Agnieszka</p><p>Yes. And in general, rationally speaking, you should note it before placing a trade.</p><p>[00:07:18] - Ben</p><p>Absolutely.</p><p>[00:07:19] - Agnieszka</p><p>But somehow there is this difference between when you go, let's say to a casino and when you're trading. Because when you go to a casino, I always say the difference is when you want to play the slot machine, you first have to put the money in. Right. So you kind of accept the risk and you're actually assuming, well, I might lose it. And that's where you rationally accept the risk with trading because you don't have to pay upfront, you have to pay after. Deep inside. A lot of traders do not accept that risk.</p><p>[00:07:55] - Ben</p><p>You may be right to some degree. To me, as soon as you click that button, whether you buy or whether you sell, you always have some definite. Every single trading platform I know of shows you risk versus reward. And so the moment you click that button, you are at risk. You know that you have an open risk. You may be right in that it is not as clear how should I say this does not have the same exact emotional impact as actually taking money out of your pocket and shoving it into a machine.</p><p>[00:08:35] - Agnieszka</p><p>Exactly.</p><p>[00:08:35] - Ben</p><p>So you're right to that degree. People don't see those numbers on the screen as being quite as meaningful as taking actual cash out of their pockets and plunking it down. So I would agree with you there.</p><p>[00:08:47] - Agnieszka</p><p>That's why a lot of times they say, oh, I have a loss, but I haven't taken it. A lot of traders believe that not taking a loss is not hurting them. And I tell you, I have learned the hard way and I have waited years for the price to come back on my very first trade. And I can tell you at some point it was a souvenir I was like I have this at that point, after all those splits, I think it was like I had three shares left for the price. The price of that stock was just incredibly high, while this whole stock just never really came back. And I thought this is such a good warning that the price does not have to come back. No, that was the untaken loss. So when I hear people saying that, I'm like, oh, well, you might learn the hard way. I know I did.</p><p>[00:09:41] - Ben</p><p>Again, from the calculated perspective, I'm coming from the perspective of options. There's a kind of a saying that every options trader basically memorizes from the beginning, and that is volatility is mean, reverting price is not. There is no means by which the price has to come back. In fact, it almost never does. If you look at the general trend of prices in, let's say, SPX, it's an upward trend. It never reverts. Okay.</p><p>[00:10:12] - Agnieszka</p><p>Yes. From a rational point of view, if you put those facts on paper, you will agree with them. The moment that traders get into trades, even if they know that they make decisions completely irrationally right, based on emotions.</p><p>[00:10:30] - Ben</p><p>And this is exactly why I say that you have to actually do some trading. Because then you can sit back, look at your actions, and say, wait, why did I do this? The rational thing to do was X, Y, and Z. But I did A, B, and C. Why in the world did I do this? And now you have perceptions that are much more aligned, or that you can drive back toward rationality because you see yourself acting emotionally beforehand. You could say to yourself, oh, I'm going to be cool, calm, and collected. I'm always going to do the right thing. If the price goes against me, I'll just exit. No, you won't.</p><p>[00:11:09] - Agnieszka</p><p>Right?</p><p>[00:11:10] - Ben</p><p>No, you will not. Stop lying.</p><p>[00:11:13] - Agnieszka</p><p>That's the two emotions that are completely switching the moment that you enter a trade, fear, and hope, right? They completely go upside down.</p><p>[00:11:22] - Ben</p><p>Exactly, right? I absolutely agreed.</p><p>[00:11:27] - Agnieszka</p><p>Yeah. So let's say for people who are already in trading, right, and they have made so many irrational decisions, and now they're like, okay, I do want to think rationally, but I'm still struggling because those emotions are just simply taking over. How do you do that? Because you have a very rational approach. What are the best ways to control your emotions during trading? Do you have any emotions because you're thinking rationally, right? Of course. How do you deal with it?</p><p>[00:11:55] - Ben</p><p>So there are two things when you're already trading and again, you look over your past trades and you say, you know, I'm acting emotionally and I can't stop myself. If you're a self-starter like myself, then you look for ways to correct the impact of those emotions, to set them aside. If you're not, and many people aren't, and there's nothing positive or negative about this, then the best thing to do is to look for a coach like yourself who has actually thought about this and who can help you. Redirect your whether redirect your emotions into a more rational channel or find a mechanical approach to your strategy where your emotions simply can't get involved. No matter what you think, no matter how you feel, as an example, again, let's say that you decide that you're going to always trade with a stop and a limit, but as soon as you get into it, oh, my God, the price is moving in the wrong direction. Well, if I move the stop away a little bit, you understand exactly what I'm talking about, right? Of course, yeah. And people will do that. And then the limit oh, well, maybe the price yes, price is going in my direction, but if I move the limit down, I can at least take some profit.</p><p>[00:13:11] - Ben</p><p>Right. Wrong thought patterns. Right. What do you do about those? Well, you have to correct those misperceptions. You have to have a hard set of rules. Like, I'm going to do my best to compute what is a reasonable stop and what is a proper limit for this trade. I'm going to set those and I'm going to walk away from the computer. If need be, I'm going to switch it off.</p><p>[00:13:36] - Agnieszka</p><p>Right, right.</p><p>[00:13:36] - Ben</p><p>If that's what it takes for you, then do that.</p><p>[00:13:39] - Agnieszka</p><p>Yes.</p><p>[00:13:40] - Ben</p><p>Right.</p><p>[00:13:40] - Agnieszka</p><p>I totally agree with you. It's funny because you're talking about those perspectives, I call it, in my coaching mindset, shifts, because you have to shift your perspective and start thinking about what works in the environment of the market, which is very different than how we normally think, how we do things, how we achieve success in our daily life. They're so different. And I think the biggest problem is that we just take our perspectives of what we know and we just bring it to the market and we think.</p><p>[00:14:16] - Ben</p><p>This is going to work. I'm going to take that and run with it. Actually, one of the emotions and the perspectives that we bring in from daily life into the market are not just a little wrong, they're literally 180 degrees away.</p><p>[00:14:30] - Agnieszka</p><p>Correct.</p><p>[00:14:31] - Ben</p><p>I'm not going to say the market is designed because I don't believe that there's anyone sitting there pulling strings, but the market is perfectly configured, and perfectly structured to take money away from you. If you think as a let's call it a civilian, absolutely. 100%. Look, the price is trending this way, therefore I should get into it. Oh, the price is trending down, therefore I should shirt the stock. Too late. Yes, you are too late. And if you get in at those times, someone will take your money. Guaranteed. Yeah, guaranteed.</p><p>[00:15:08] - Agnieszka</p><p>It's almost like advertising is playing on our emotions and they know exactly how we react.</p><p>[00:15:12] - Ben</p><p>Right, yes.</p><p>[00:15:13] - Agnieszka</p><p>The same way the market is constructed, because it's a business model and I think everyone has to understand it. Just like in a casino, the house always wins. So it is not like you have to trick the market. No, you have to trick yourself into not thinking that whoever you think you are, you're nobody there. Right. And you're really lucky if you will be able to pull money out of the market, out of that huge machine that is designed for you to fail, basically.</p><p>[00:15:47] - Ben</p><p>Right, yeah. Again, if you come in with those emotions of a civilian. Yes, it is. Absolutely. A model that will make you fail. It will take your money, as I call it. All you will do is provide liquidity to professionals. Yeah.</p><p>[00:16:06] - Agnieszka</p><p>It's funny. I love to call it. You have to take yourself out of the equation. You are in your own way, because when you're talking about designing a process that will help you to do those things mechanically so basically for you, I don't know, sometimes it might mean placing bracket orders. Right. And just walking away. Because the moment you sit there and you're watching and you see all these price movements, your mind is simply going to play with you. It is. I mean, there is no other way. And yes, I always say, like, yes, you can make it very difficult for yourself and sit there and watch it and say, no, but I want to be disciplined. I have to be. I'm like, if this is really so difficult for you, why would you do that? Trading is difficult enough. Design the process that will make it easier if you lose money after eleven, and stop trading after eleven.</p><p>[00:17:02] - Ben</p><p>Right, yeah. To me, that's actually I like to take a kind of an outside perspective of myself whenever I see myself getting emote. And this isn't just about trading. This is something I've learned from sources as disparate as Zambudism and yoga and so on. There is a concept of the watcher which is you understand what I'm talking about, sort of an abstraction of yourself that sits in your head. Does not judge the awareness. Right, yeah. Does not judge, but just sits there. And it was absolutely fascinating to me when I started trading to have that, to look down onto myself and go, look at the emotions you're experiencing, all you're doing, you just bought one share. The most I can lose is maybe a dollar. But look at you. Look at your heartbeat. Look at your breathing. This is amazing that this is happening to you. How is this? As you've mentioned, I'm a sailor. I've sailed the ocean. I've been in hurricanes as a soldier. I've been in scenarios where I've been shot at. I've been in some really amazing stuff in my life. And the emotions brought forth by trading, by risking nothing more than a dollar, were so outrageous, were so huge that I just had to sit there, look at it, and go, what in the world is happening to you?</p><p>[00:18:36] - Ben</p><p>It's fascinating.</p><p>[00:18:38] - Agnieszka</p><p>Fascinating. And why do you think that is? Is it the scenarios we make in our heads that we are scared of? Which absolutely, I think what is it? 90% of which does never happen.</p><p>[00:18:49] - Ben</p><p>Of course, there are the scenarios, there are the average person's concepts of what money is and what it means. Right. Money affects us at the deepest level. Normally, we don't think about it. Money comes in, we spend it, big deal. But as a trader, you are again faced with direct gains and losses with nothing between you and the market. And I think those things hit you directly in emotions, in ways that most people can't even predict. They don't know what it is.</p><p>[00:19:22] - Agnieszka</p><p>Yeah. I think that part of it is that a lot of people value themselves through money, right? Through their success, what they have, and what they can present to others. So the moment that you are losing money or that you are not having success, you take several losses after each other, even though it can be the most rational thing right? Because it's probability. So yeah, it's very probable you're going to be experiencing it still. It hits so much so deep that the whole confidence and everything about you, you start just doubting yourself as a person, which I find the trading experience is just so much more than just trading. Just because of that.</p><p>[00:20:08] - Ben</p><p>I agree.</p><p>[00:20:09] - Agnieszka</p><p>Additional emotional side. Right.</p><p>[00:20:10] - Ben</p><p>I agree. I lost a dollar. I must be worthless as a human being. What in the world? So this is one of the things that makes trading fascinating to me now. One of the things that and again, of course, I have had to learn enough relevant psychology, trading psychology, in order to trade well, you basically have no choice once you have learned, once you've established something that will produce alpha for you, something that does have a positive return overall. Now the only thing you can work on is improving your execution, obviously, but really mainly yourself. Right?</p><p>[00:20:52] - Agnieszka</p><p>Yeah.</p><p>[00:20:52] - Ben</p><p>And so one of my favorite things that I ever saw was Mark Douglas. Of course, I'm sure you've heard of Mark Douglas, right? Mark Douglas wrote this wonderful book, Trading in the Zone, and he said something in there that to me is absolutely key. He said, once you have defined how you're going to trade, and what your trading strategy is, do 20 trades. It doesn't matter whether you win or lose, you do not pay attention to that. You are committed to doing 20 trades, win or lose.</p><p>[00:21:24] - Agnieszka</p><p>Yes.</p><p>[00:21:25] - Ben</p><p>At the end of those 20 trades. Now sit back and evaluate. Do you need to change your strategy or do you keep going forward? And I love that concept. That's another version of what we've been talking about.</p><p>[00:21:36] - Agnieszka</p><p>Yeah. And that's a very rational approach. Right. And if you manage to stay within that rational area while you're evaluating it, you're actually learning from it and moving forward. Right. A lot of traders that I talk to that come to me with a problem, they don't even journal or they don't even evaluate because they're so fed up with the losses that they go like, I don't even want to look at this. So that brings me actually to our second topic. So most traders that come to me for help, struggle with accepting the risk we talked about a little bit already. And technically, yes, they can place the stop, but because of various emotional reasons, they don't accept it. So they don't place the stop. Right. And they will keep lowering it or simply remove it. Now, in one of your tweets, you mentioned that there is nothing anyone can do for them. I'm sure the audience does not want to hear that, but basically, they need basic education. Right. This has nothing to do with mindset. You also mentioned that some people aren't suited for trading, just like some aren't suited for truck driving.</p><p>[00:22:57] - Ben</p><p>Right.</p><p>[00:22:57] - Agnieszka</p><p>I, on the other hand, believe that you can do anything if you put your mind to it. And throughout my life, I kept proving it to myself every time again. So while you're saying focusing on the mindset before experience in dealing with problems that needed doesn't make sense to you? In my mind, if you deal with your mindset first, you can prevent the problems so that you don't have to deal with them, or at least you can be prepared for how to handle them. Right. So I would love to understand where you're coming from. Would you like to elaborate on your point of view?</p><p>[00:23:41] - Ben</p><p>Sure. A lot of people come to trade. The thing that drives them into trading is purely emotional. I don't think there's ever someone unless you go to school and you get a degree in finance and you go to work for Susquehanna or whoever, one of these big trading houses or market makers.</p><p>[00:24:05] - Agnieszka</p><p>Right.</p><p>[00:24:05] - Ben</p><p>That's a rational path. And that's something that takes years and years of tremendous effort.</p><p>[00:24:11] - Agnieszka</p><p>Just like a career. Right. You learn it like you would want to be a doctor. Pretty much.</p><p>[00:24:16] - Ben</p><p>That's exactly what it is. Yeah. And by that point, you're not really dealing with emotions or any of that stuff that you have worked through so much. It is such a rational, structured discipline. Frankly, professionals can't afford to have this emotional, irrational approach. That's just not going to happen. Let's set that aside because that's a completely different area. So let's talk about retail traders. Retail traders are, I would say, always driven by emotion to start trading.</p><p>[00:24:53] - Agnieszka</p><p>Yeah.</p><p>[00:24:54] - Ben</p><p>Oh, I heard of this guy that made, you know, $10 million in GME in three days from starting from $100. I want that too.</p><p>[00:25:04] - Agnieszka</p><p>GME. Oh my God. They just had earnings last night. This morning, I texted my or I put in a chat room to my students, like, are there any GameStop wannabes oh, dear? You guys keep focus. Just make sure you're not biased because you can really get biased by it. Right.</p><p>[00:25:31] - Ben</p><p>I've actually made very good money in GME, but certainly not by buying or selling stock, by shorting Volatility, basically by saying around earnings, around events like that, people are going to get crazy about price, they're going to overpay. And so I'm willing to take the other side of the trade. This is where options come in handy. And so shorting volatility in something like GME, around events that's proven quite profitable.</p><p>[00:25:58] - Agnieszka</p><p>Yeah. But you see, you trade the market. You don't trade the stock, the price. I want to make money. You know what I mean? It's very different. It's the distance that you take the distance approach and say, okay, what is the real opportunity here?</p><p>[00:26:16] - Ben</p><p>Exactly.</p><p>[00:26:16] - Agnieszka</p><p>Instead of getting sucked into that swirl sorry, you were talking.</p><p>[00:26:22] - Ben</p><p>Yeah, no, it's fine. I'm sorry. I also get diverted. To me, this trading is absolutely fascinating. All aspects of it, including the psychology of it. As I said, most traders begin trading from an emotional perspective.</p><p>[00:26:36] - Agnieszka</p><p>Right.</p><p>[00:26:37] - Ben</p><p>And as long as they stay with that purely emotional perspective, they're never going to make it. All they're going to do is contribute liquidity to the market, put money in professionals' pockets, and that's the end of that. I think that, again, for those people, if they are stuck, the only next step they can take is either go to someone like yourself or learn about how the psychology of trading works and change it themselves. But again, most people are not well suited to that.</p><p>[00:27:08.360] - Agnieszka</p><p>Yeah. It takes a lot of work, and it takes a different perspective. So if you cannot stand outside of yourself, like you were saying, and I call it leader position.</p><p>[00:27:19] - Ben</p><p>I like it.</p><p>[00:27:20] - Agnieszka</p><p>Yes. During my program, I review sessions, and trading sessions of my students, so I also pay very much attention to their body language because I can tell whether you are in a leadership position or if you are in an operator mode. Right. And most traders begin in the operator mode with 90% time spent on clicking the buttons.</p><p>[00:27:47] - Ben</p><p>They're hunched over all the classic signals.</p><p>[00:27:53] - Agnieszka</p><p>Your hand over that mouse.</p><p>[00:27:57] - Ben</p><p>Yeah. Warren Buffett actually has this thing that he tells people once in a while, and I think it's a wonderful idea. He said if you had a card with ten spots on it where you could only every time you took a trade for the rest of your life, you had to punch one of those things out. If you could only take ten trades for the rest of your life, how careful would you be entering those trades?</p><p>[00:28:21] - Agnieszka</p><p>Yeah, I think waiting for the opportunity is the most difficult thing for people to do because that means pretty much doing nothing or distracting yourself from trading. But if you're so you're saying basically, when people are focused on the emotions, I call it to focus on the money.</p><p>[00:28:47] - Ben</p><p>Yeah. You can't afford to do that.</p><p>[00:28:50] - Agnieszka</p><p>Yeah. Switching the focus to the process, that's just such a significant change of perspective or mindset shift, and then just work out what your process is and what you were saying. Like, if you do those 20 trades right, and they don't work, or they work now, you can work on the process. What do most traders do? They ask themselves, what's wrong with me?</p><p>[00:29:19] - Ben</p><p>Yes. What did I do wrong?</p><p>[00:29:22] - Agnieszka</p><p>So tell me about your journey, about your trading journey. How do you tackle the challenges? Because since you were in the military, there's a lot of former military people who are trading, and they're doing great because of the discipline. Right. Do you see it, how it contributed to your trading?</p><p>[00:29:43] - Ben</p><p>Yes, I do. It's somewhat indirect. My military experience is quite a while back. It's interesting. I was actually at a veteran's meet-up this morning, which happens every two weeks, just so happens. But yes, mission orientation, working out the structure of the mission and executing it, you not only learn those things, you sort of inculcate them into your life process in the military is just something that you learn to do. And yeah, that definitely does relate to trading.</p><p>[00:30:20] - Agnieszka</p><p>So how do you deal with distractions that take your focus away from that mission?</p><p>[00:30:28] - Ben</p><p>You don't let them distract you.</p><p>[00:30:31] - Agnieszka</p><p>You just reject the thoughts.</p><p>[00:30:33] - Ben</p><p>No, there's a thing called mission focus. All right? This is the primary thing. You got to keep your eye on the ball. If something happens that is distracting, you have to give it some weight because some distractions are actually threatening to the mission or whatever it happens to be. And that's the only evaluation that you do. Is it a threat to the mission? If so, how much of the mission effort do I have to devote to it? If so but other than that, no. You judge it again from a rational perspective, even though the impact is emotional.</p><p>[00:31:09] - Agnieszka</p><p>I see. That is so interesting. So basically what you do is you evaluate it, but looking at your mission has this impact on my mission. So you basically just look at it pretty much like when you have a trading strategy, right? And you have all these opportunities coming at you, all you have to do is evaluate, if this fits into my strategy. Is this fitting into my strategy? Is this what I want? Is this what I said I want?</p><p>[00:31:43] - Ben</p><p>Yeah. And you have to learn, as a great coping skill in trading, you have to learn to stop making deals with yourself.</p><p>[00:31:54] - Agnieszka</p><p>No negotiations.</p><p>[00:31:56] - Ben</p><p>No negotiation. But this is really close. Okay, maybe I haven't seen the exact trade that I want, but, you know, this is really close, and maybe I should risk a little. No, don't do that. Do not do that.</p><p>[00:32:11] - Agnieszka</p><p>Yeah, I have a few extra punch cards.</p><p>[00:32:18] - Ben</p><p>That's a bad idea.</p><p>[00:32:19] - Agnieszka</p><p>Yeah, definitely a bad idea. If you have to convince yourself, I always say, well, if you don't see a setup, if it doesn't jump out at you, it's probably not there. If you really try to see and you have to turn your computer upside down to convince yourself this is actually a flag. It's probably not a flag. Oh, that's fascinating. In one of your messages, you mentioned that you are still going for basic competence in trading. Right. And that's what I'm talking about. Sounds good. The things that I. Am talking about sound like a good next-level things and stuff to aspire to once you get those basics ironed out. And in this case, I was talking about being present a the moment. Now I understand that you are also actually talking about being that observer. So we are actually talking about the same thing which I consider a basic competence for every trader to be present in the moment. Simply because if your mind wanders into the past and brings pain from previous losses, right, or it runs into the future and triggers this high expectation of yourself, all the money you're going to make or fears all the money you're going to lose, this will impact your decision-making process.</p><p>[00:33:42] - Agnieszka</p><p>Right? So then you basically let the emotions decide about your trade. So this brings us to the question of what comes first, a chicken or an egg?</p><p>[00:33:53] - Ben</p><p>I was just thinking that that's a very exact parallel to the whole chicken or the egg. And so again, to me, you have to at least experience how trading impacts you. And going from there forward, how much of the emotional basis can you shift to the rational? How much do you need help with? How much can you do by yourself? So possibly again, chicken versus egg. Maybe both. Maybe both coming up at the same time via ramping process. You can do so much of one, then a little more of the other, then a little more of one, then a little more of the other. And so perhaps it's that sort of ramp-up process.</p><p>[00:34:42] - Agnieszka</p><p>Yeah. And actually when you were talking about it, what I notice is, or what I notice how we are being impacted, our decisions are because of our experiences from the past, right? And a lot of times people would say, yeah, but I am just like this because of all the things that happened to me. And in fact, those are all irrational thoughts because you're taking something that happened maybe 20 years ago and now you're bringing it into your trading that those thoughts have nothing to do or even those experiences have nothing to do with your trading. Right. So that is a pretty irrational thing to do, right? Even though people are trying to make it rational because they say, yeah, but this is the way I am.</p><p>[00:35:29] - Ben</p><p>No, the reality is the market does not care about your story.</p><p>[00:35:33] - Agnieszka</p><p>That's a good point.</p><p>[00:35:34] - Ben</p><p>It absolutely does not care. Either you did the right thing or you're going to lose.</p><p>[00:35:42] - Agnieszka</p><p>So it's really about doing the right thing.</p><p>[00:35:46] - Ben</p><p>One of my favorites, I don't know if you've ever heard of Nassim Nicholas Taleb.</p><p>[00:35:52] - Agnieszka</p><p>I have not.</p><p>[00:35:53] - Ben</p><p>So he's the guy who came up with the Black Swan theory.</p><p>[00:35:56] - Agnieszka</p><p>Oh yeah. I have actually read the book, so I'm not so good at names. So maybe was this the Outer then? I have heard of him, yeah.</p><p>[00:36:05] - Ben</p><p>Taleb. Absolutely. Fascinating guy. Good thinker. Really good thinker. And many years ago, he wrote a white paper with a guy named Espin Hogg about how market makers evaluate risk in options. And there's a wonderful quote from it that I just love. He said Trading is neither philosophy nor mathematics. It is a rich craft with traders learning from traders or copying other traders, and tricks developed under evolutionary pressures. In a bottom-up matter, it is techne, not episteme, meaning that is craft rather than academic knowledge.</p><p>[00:36:50] - Agnieszka</p><p>Wow.</p><p>[00:36:51] - Ben</p><p>Academic knowledge.</p><p>[00:36:52] - Agnieszka</p><p>That's amazing.</p><p>[00:36:53] - Ben</p><p>You can sit and study as long as you want. It will not help you until you actually experience it. It's like wood carving, for example. You can sit and read about wood carving for the rest of your life, but until you put that knife to the wood right. You will not know what it is to actually carve wood.</p><p>[00:37:16] - Agnieszka</p><p>Yes. So that's about the experience and then the risk that goes with the experience, you can also read about it, and you should read about it, and you should learn about it so that you know what to expect. But if you do not trade, you will never experience it. So you will actually never know what your reaction will be.</p><p>[00:37:37] - Ben</p><p>And that is exactly my point. Yes.</p><p>[00:37:39] - Agnieszka</p><p>So, yeah, the circle around the mindset is important, and the experience is important.</p><p>[00:37:47] - Ben</p><p>I agree.</p><p>[00:37:48] - Agnieszka</p><p>That's wonderful.</p><p>[00:37:49] - Ben</p><p>Now, okay, so here's something else. Have you ever heard of "Turtle Traders"?</p><p>[00:37:55] - Agnieszka</p><p>No.</p><p>[00:37:56] - Ben</p><p>So this is fascinating. There's a book, I believe it was called "The Turtle Trading Method" or something (Official Title: Way of the Turtle: The Secret Methods that Turned Ordinary People into Legendary Traders). But this was an experiment that came from a bet between two very successful Chicago futures traders, William Eckhart, and Richard Dennis. Okay. And Eckhart believed that you had to be born with the right emotional makeup and could not trade successfully without it.</p><p>[00:38:21] - Agnieszka</p><p>Oh, wow.</p><p>[00:38:22] - Ben</p><p>Yeah. Dennis, on the other hand, believed the opposite, that he could grow traders like they grow turtles in Singapore, was his exact statement. He had just been to Singapore, and he saw how they grow turtles in these ponds, and he said, we can do this. And so Dennis put out this ad that I think a lot of people simply didn't believe that they could just go to work for one of the most successful traders in the world, and he would teach them how to trade. Good God. And so he assembled a group of people who had either never traded before or did some trading and perhaps were unsuccessful, didn't really matter much. And he taught them a very simple strategy. And the key was, as long as they stuck to that strategy, they would make money. And as it turned out, Dennis was right. Every "Turtle Trader" who was able to follow his rules became a successful trader. Some went on to make fortunes and create hedge funds on their own.</p><p>[00:39:24] - Agnieszka</p><p>But when you say were able to follow the rules, how were they able? Because that's where the emotions come in.</p><p>[00:39:33] - Ben</p><p>Right, right.</p><p>[00:39:35] - Agnieszka</p><p>Or where did they all have this special makeup?</p><p>[00:39:38] - Ben</p><p>No. And this was exactly the difference between the two sides of the bet. They did not have to have a special emotional makeup. The rules were clear-cut. They were simply when the market has been and I don't remember exactly what the rules were. Yeah, they're not particularly applicable today, by the way, with computer trading systems and so on. But it was something like if the market dips below a certain percentage for X number of days you enter if it stays above, you exit, whatever it happened to be. But they were purely rational, mechanistic rules. Now comes the point that you're talking about, which is they started following these rules, and now you have to remember they were not using their own money. They were trading specifically for this firm. Right.</p><p>[00:40:29] - Agnieszka</p><p>Yes.</p><p>[00:40:30] - Ben</p><p>It's different, but still, when you trade money, especially large amounts of money in the market, those emotions are still going to hit you. Right. Now, in the second part of the book, once these folks started trading and were able to execute the rules and so on, now the emotions hit them.</p><p>[00:40:47] - Agnieszka</p><p>Oh, that's so interesting, isn't it?</p><p>[00:40:50] - Ben</p><p>I think you would really enjoy this book.</p><p>[00:40:53] - Agnieszka</p><p>Yeah, I should definitely look at that.</p><p>[00:40:54] - Ben</p><p>Hurdle Traders. So a fascinating study of how that worked. And a lot of people actually dropped out of the program for the specifically stated reasons of, I just can't do this. I can see it being successful.</p><p>[00:41:08] - Agnieszka</p><p>So what was it? Was the money getting into their head?</p><p>[00:41:10] - Ben</p><p>Yes. When you imagine yourself trading $10 million, or $100 million, having that at risk at any one time, some people simply can't handle it.</p><p>[00:41:21] - Agnieszka</p><p>Yeah, there's something that I call emotional immunity that I work with my students on to develop emotional immunity, and just exactly for that reason. And that's not just on the profit side, but also on the risk side. To start with, what is the level that you are immune to? And you can always grow that immunity. You can always increase that resistance and teach yourself. It's a sort of muscle memory that touches you less and less, and then once you go too high, you will feel it. Right. I can always go back. The problem is that a lot of traders, they just want to make big steps. Yeah, I want to make a leap, and I want to make a million dollars.</p><p>[00:42:04] - Ben</p><p>Yeah, that's a guaranteed way to lose.</p><p>[00:42:06] - Agnieszka</p><p>Yeah. Because you hurt yourself, the wounds are deep, and then it's very hard to heal them. Right. The last thing that I wanted to touch upon with you is what is that learning process. What would you recommend? Like, how to learn to trade? Because learning by doing costs money, time, and money. And is there any way to shorten the curve? Because there's so much help out there. There are courses, chat rooms, and YouTube videos, and it seems like everyone makes money, but it somehow it doesn't seem like the success rate is growing among retail traders. I think it's still over 90% failing. Right. So what would be that perfect process?</p><p>[00:43:01] - Ben</p><p>So I agree with you completely. I actually think that given the huge influx of traders into retail traders into the market, I saw a graph probably about a year ago. The number of retail traders has increased more than 1000 fold in the last six or seven years, which is incredible.</p><p>[00:43:25] - Agnieszka</p><p>Hence the good earnings from brokerages.</p><p>[00:43:28] - Ben</p><p>Oh, yes. This is why all the brokerages can now give us free stock trading and all of that. Here's what I'm going to say. I think it is incredibly difficult, it is almost impossible to find the right path on your own unless you get lucky. There's so much noise, there's so much nonsense by so many quote gurus who are simply out to squeeze a buck from you, that it's almost impossible to find anything. I was incredibly lucky. Okay, maybe this is worth boasting about a little. Maybe because of my personality, maybe because of how I speak to people. I was lucky enough to connect with some old-time professional traders, some people who are actually retired from CBOE, and several people of that sort who helped me along. Now, again, none of them would simply come out and say, do this, this, and this, and you'll make money. That's not how it works.</p><p>[00:44:37] - Agnieszka</p><p>Isn't it interesting that actually people who you can trust, will never promise you that you will make money or that you will make million or 100,000 a month because they know they cannot promise it? So maybe that's the first warning for everyone.</p><p>[00:44:51] - Ben</p><p>Exactly.</p><p>[00:44:52] - Agnieszka</p><p>If anyone makes this kind of claim, that's a red flag for sure.</p><p>[00:44:57] - Ben</p><p>Right, I agree. And this is what is out there. 99.99% of everything that is out there is literally that.</p><p>[00:45:05] - Agnieszka</p><p>I wish when I was learning that there would be someone I could completely trust and that they would take my hand and help me. But still, till this point, I feel that there are not really many people in the market that can do that for you. And because of that, still, the path is people losing accounts many times and losing their confidence and end up in that failing cycle and stuck.</p><p>[00:45:33] - Ben</p><p>Now, I actually do have a positive recommendation.</p><p>[00:45:36] - Agnieszka</p><p>Good. Oh, thank God.</p><p>[00:45:39] - Ben</p><p>One of the incredibly few. And this, I must admit, I was lucky to run across this myself. And it's free.</p><p>[00:45:46] - Agnieszka</p><p>All right, bring it on.</p><p>[00:45:48] - Ben</p><p>I will. Now, again, nobody gives away Alpha. Nobody tells you how to just go in and make money and that's it. No, that does not happen. You can just throw that completely out of your head. It simply does not happen. Simply because if someone can actually make money in the market, why would they want to charge you money?</p><p>[00:46:09] - Agnieszka</p><p>Right?</p><p>[00:46:10] - Ben</p><p>Why would they need to why do they need to take that counterparty risk and deal with you and charge you and go through setting all that up when they can simply go into the market and make money? Okay? So that's an absolute rationale. Someone who sets out to charge you money to teach you. That should be the biggest red flag there is. And that's, as I said, 99.99% of the market. Okay. I happen to be lucky to connect on a personal level with professionals and learn enough of the right thinking from them to actually build that into myself and start learning how to make money. So it's a very indirect, very difficult approach, certainly not for everyone.</p><p>[00:46:59] - Agnieszka</p><p>Got you.</p><p>[00:46:59] - Ben</p><p>And again, involved quite a bit of luck, that is from the options trading side of the house, if you will. It's difficult on the stock trading side of the house. This is actually something that I ran across in a Futures Forum talking to an old-style trader, a guy named Daniel Bones, a wonderful guy to follow on Twitter. And Dan mentioned this strategy put together by a guy named Rob Smith called The Strat. And after seeing a million gurus advertising this stuff, I was incredibly skeptical, and I sort of kept that at the back of my mind, but I kept running across it on Twitter, and other places, and I thought, I don't really believe in directional trading, as most options traders don't. We trade volatility. Directionality, that's a really questionable thing. How the hell can you possibly predict which way the stock is going to move? But I decided at one point, and with the market being varying in volatility as much as it did, there was a point during last year when I said, you know, I need to back off because very few good trades are coming down the pike, and I don't want to take an extreme risk.</p><p>[00:48:23] - Ben</p><p>Let me put some time into finding out if this is real in the first place. And Rob Smith, he's also a retired trader. I seem to run across a lot of these people really quickly. Rob has put together the strategy from all of his experience in the market called "The Strat", and it is directional trading. And this is what I'm trying to learn. A lot of it, again, goes against what I always thought that directional trading. Is it really possible? Well, it is. And in my experience, and with the tremendously helpful community around "The Strat", I have been gaining some measure of success around directional trading, which has been amazing to me. Yeah.</p><p>[00:49:10] - Agnieszka</p><p>Wow, that's amazing. Thank you for sharing that.</p><p>[00:49:12] - Ben</p><p>Absolutely.</p><p>[00:49:13] - Agnieszka</p><p>If you have any links, we can post them. So if anyone wants to check it out or just probably Google the name and they will find it. Right?</p><p>[00:49:23] - Ben</p><p>Yeah. "The Strat" is at the site called sepiagroup.com. Sepia, as in the collar sepiagroup.com. There's a lot of tremendous amount of free material on YouTube from him and from people who work with him, but also sepiagroup.com check him out.</p><p>[00:49:47] - Agnieszka</p><p>Awesome. Thank you for that recommendation. And that brings us to the end of this episode. Thank you so much, Ben, for joining us and for this candid conversation today.</p><p>[00:49:59] - Ben</p><p>Agnieszka, it's been a pleasure talking to you. A pleasure to be here.</p><p>[00:50:03] - Agnieszka</p><p>I hope it will help traders who are listening to this to gain some perspective and understand that, first of all, learning trading is a process. And since this is one of the most challenging and demanding jobs out there with a huge amount of risk, it requires more learning and preparation than any other occupation. And to survive, you must know your weak sides and address them as soon as possible, whether it is a strategy, technical knowledge, or the emotional and mindset side of it. Thank you so much for listening to the podcast. If you enjoy my show, please rate it, review it on Apple Podcasts, and be sure to subscribe so you can come back for a real-life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process. Thank you so much, Ben, for being here.</p><p>[00:51:03] - Ben</p><p>My pleasure.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="48627505" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/513ae826-9031-4f56-8616-59f4a1e6f31f/audio/cd149691-518f-4d68-9e4b-f9baad4ccb27/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>A Chicken and Egg</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:50:39</itunes:duration>
      <itunes:summary>In this episode, Ben Okopnik, an experienced trader, talks with Agnieszka about the importance of balancing emotions and rational thinking in trading. Ben emphasizes the need for a clear evaluation of risk and potential outcomes before making a trade. He also stresses the importance of learning to think rationally and developing a trading plan with clear risk parameters to avoid emotional decision-making. The conversation highlights the importance of education, discipline, and a focus on the process in trading.</itunes:summary>
      <itunes:subtitle>In this episode, Ben Okopnik, an experienced trader, talks with Agnieszka about the importance of balancing emotions and rational thinking in trading. Ben emphasizes the need for a clear evaluation of risk and potential outcomes before making a trade. He also stresses the importance of learning to think rationally and developing a trading plan with clear risk parameters to avoid emotional decision-making. The conversation highlights the importance of education, discipline, and a focus on the process in trading.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>6</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">fc289ce3-3790-4256-8c54-5f841d8b52bc</guid>
      <title>Following the Process</title>
      <description><![CDATA[<p>In this episode, Brian talks with Agnieszka about his systematic approach to trading that is helping traders to take control of their profits and make them predictable. Brian's unique approach is born out of his experience as a Quality Assurance Engineer and he puts emphasis on the importance of a proper trading system.</p><p>Brian stresses the importance of having the system in place right from the start, as most traders develop poor trading habits during their first few months.This beginning phase is where every day is often characterized by impulsive, emotional, undisciplined, and haphazard trading. Jumping from one approach to another, lured by the prospect of making quick profits or experimenting with different indicators and strategies, seeking the next big money-making technique. For Brian it is fairly simple. If you want to be a successful trader, there's three things that you need: a good system to start with, the skills and the knowledge, and an outside perspective such as a coach, because most traders limit themselves.</p><p><strong>About Brian McAboy</strong></p><p>Brian McAboy is known as “The Consistency Coach” as he brings a unique, unconventional and very effective approach to getting traders consistently profitable fast, as in a matter of weeks.  Brian’s background as a Process Engineer and Quality Assurance Engineer give him perspectives that are completely different from most trading educators.  As a result, he will allow you to see your trading from a whole new angle, one which can definitely help you to be a better trader.</p><p>On Brian’s website you can check out “The Science of Consistency Applied to Trading” and also pick up a free copy of his wildly profitable report “The Proven Formula for Consistent Monthly Profits”.</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Brian McAboy | Inside Out Trading: </strong></p><ul><li><a href="https://insideouttrading.com/">Website: insideouttrading.com</a></li><li><a href="https://twitter.com/TheTraderBrian">Twitter: @TheTraderBrian</a></li><li><a href="https://www.youtube.com/@TraderBrian">YouTube: @TraderBrian</a></li><li><a href="https://www.facebook.com/InsideOutTrading">Facebook: InsideOutTrading</a></li><li><a href="https://www.linkedin.com/in/brianmcaboy/">LinkedIn: Brian McAboy</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p><strong>[00:00:01.370] - Agnieszka Wood</strong></p><p>I am Agnieszka Wood and on today's show, I am very excited to introduce my very special guest, Brian McAboy. Brian is a consistency coach and he's helping traders to take control of their trading profits and make them predictable. I ask Brian to join us today to discuss the importance of psychology in trading. A very hot topic these days. Brian, after working with hundreds of traders over the last 17 years, found that most don't have psychological issues, that there is nothing wrong with them, that they don't need to fix themselves, and they just have a lack of trading issues. And it's a matter of the right training for their success to come quickly, easily, and very naturally. And since I am a trading mindset coach, predominantly helping traders to overcome the psychological barriers that keep them stuck in failing cycles, I thought it would be incredibly insightful for everyone that is listening to talk with Brian about our point of view on the real issue that prevents most traders from achieving success. Welcome to episode number five, following the Process. Hi, Brian, and welcome to the Confidence in Trading podcast.</p><p><br /> </p><p><strong>[00:01:25.540] - Brian McAboy</strong></p><p>Well, hello, and thank you for having me. I'm glad to be here.</p><p><br /> </p><p><strong>[00:01:28.270] - Agnieszka Wood</strong></p><p>Brian, your background is in mechanical engineering, and being ASQ certified quality engineer, you understand processes, systems, and how to get consistent results by design. Right. And for over 20 years, you have been helping people to make their professional lives more effective and efficient so they can have higher quality personal lives, right?</p><p><br /> </p><p><strong>[00:01:56.150] - Brian McAboy</strong></p><p>Yes.</p><p><br /> </p><p><strong>[00:01:57.430] - Agnieszka Wood</strong></p><p>I find your approach incredibly interesting. I am a big fan of having routines that I guess are processes, in fact, because they assure that my days are efficient and my efforts are the most effective. But I also know that many people, not just traders, struggle to stick to their processes and routines. Why is that? What is your take on that?</p><p><br /> </p><p><strong>[00:02:23.630] - Brian McAboy</strong></p><p>Well, there are actually well, we need to distinguish between processes and routines. I look at routines as things that you do every day, regardless, okay, regardless of what the day is. You get up, you go to the shower, you get your coffee, brush your teeth, whatever. Those are your routine.</p><p><br /> </p><p><strong>[00:02:42.540] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:02:42.790] - Brian McAboy</strong></p><p>It doesn't matter what's going on. That's going to be it. Processes are going to be more specific to what's going on at the moment. For example, with trade trading, I like to use the metaphor of a football coach. Every play in football is different, and the coach doesn't show up with just one play to use on every down. Some plays it's first and ten, others it's second and long, maybe third and short. And depending on the circumstances, he's going to use a specific play for those circumstances. Now, each of those plays is a predefined process.</p><p><br /> </p><p><strong>[00:03:18.910] - Agnieszka Wood</strong></p><p>Okay. So it's pretty much based on what you want to achieve in certain circumstances. Right.</p><p><br /> </p><p><strong>[00:03:26.950] - Brian McAboy</strong></p><p>Same thing with the markets, because the markets aren't always the same. You might have a trending market, you might have consolidating market, right. Might have a reversing market. So the circumstances are different and there are very few strategies that you can use regardless of what the markets are doing. There are a few, but very few. And so you need to distinguish between, like I said, routines and processes. Processes are where you say, these are my circumstances, here's the appropriate process to apply.</p><p><br /> </p><p><strong>[00:03:53.760] - Agnieszka Wood</strong></p><p>Okay, so how does that apply then to trading strategy or a certain setup? Would you then say that if someone has strategy and for example, trade breakouts, right? Like I trade momentum stocks and I trade breakouts or breakdowns. The process for it depends on the market conditions. Right. I have to see like I mean, if the market is trending, that's probably not a very high probability that I get a breakout in a trend, not a trending market. What I'm saying, if it's in the range. Right. So does that mean that I would need another strategy for different type of market?</p><p><br /> </p><p><strong>[00:04:33.430] - Brian McAboy</strong></p><p>Yeah, because well, okay, as far as process applied trading, one of my favorite questions to ask traders is what is a trading system? And so if I ask you what is a trading system?</p><p><br /> </p><p><strong>[00:04:51.390] - Agnieszka Wood</strong></p><p>Yeah. So for me, trading system is my strategy. So what I trade and how I trade it. So I would define for myself, like, what do I need to see in order to enter what kind of parameters, in what kind of market conditions I'm looking for, my setup. So there have to be some sort of precondition if I'm even going to consider a certain instrument to trade, if it fits my parameters, and then defining parameters, where I enter, where I stopped out, and where I will be taking the profit and how I am managing my risk and how I manage my trade. Is that correct answer?</p><p><br /> </p><p><strong>[00:05:32.170] - Brian McAboy</strong></p><p>Okay, let's try this just for fun. What is a trading system in ten words or less?</p><p><br /> </p><p><strong>[00:05:39.780] - Agnieszka Wood</strong></p><p>Okay. How I do things, how I trade.</p><p><br /> </p><p><strong>[00:05:43.710] - Brian McAboy</strong></p><p>Okay, that's a good answer. Usually when I ask traders, they'll say, well, my system, it's my rules, or it's my rules and my indicators. That's usually the answer that I get. And the thing is, in truth, and looking at it from the quality assurance perspective, your trading system is what you do, right?</p><p><br /> </p><p><strong>[00:06:02.710] - Agnieszka Wood</strong></p><p>Yeah, because we have to do what we do consistently. Consistently.</p><p><br /> </p><p><strong>[00:06:08.470] - Brian McAboy</strong></p><p>The thing is, your system includes rules and indicators, but it's more than that, right? Because trading, if you think about it well, another question I like asking traders, what is trading? So to you, what is trading?</p><p><br /> </p><p><strong>[00:06:24.350] - Agnieszka Wood</strong></p><p>Yeah, that's a very good question. So trading for me is to look for opportunities and get the most out of them, out of the opportunities that the market gives me. So looking basically for yeah, it's a really good question. I think that's it, yeah. Looking for market opportunities and trying to get the most to make the most out of my money with at least possible risk. What is trading for you?</p><p><br /> </p><p><strong>[00:06:53.090] - Brian McAboy</strong></p><p>Well, the answer that I usually get when I ask people that what is trading? They'll say, well, it's buying and selling securities.</p><p><br /> </p><p><strong>[00:07:00.150] - Agnieszka Wood</strong></p><p>Yeah, that's shopping.</p><p><br /> </p><p><strong>[00:07:02.390] - Brian McAboy</strong></p><p>But it's actively buying and selling versus compared to investing, where it's buy and hold.</p><p><br /> </p><p><strong>[00:07:07.210] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:07:07.790] - Brian McAboy</strong></p><p>Trading is you're buying and selling for profit.</p><p><br /> </p><p><strong>[00:07:10.420] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:07:10.920] - Brian McAboy</strong></p><p>And the thing is, if you really think about it, the act of trading though, is it's a decision making process.</p><p><br /> </p><p><br /> </p><p><strong>[00:07:21.630] - Brian McAboy</strong></p><p>We're looking at the charts or the news or whatever, taking in information. We evaluate it against certain criteria and then we draw conclusions and make decisions based on that evaluation.</p><p><br /> </p><p><strong>[00:07:33.830] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:07:34.530] - Brian McAboy</strong></p><p>And it's just a series of decisions. That's all trading really is. It's not like we're physically going down to a marketplace and exchanging goods and money. We're making decisions and just clicking on stuff on the screen. But it's really important to look at things that way when we're talking about consistency. Because instead of saying, well, I see this kind of a market move, or I see that kind of a market move, my indicator is saying that and I want to jump on that because it's an opportunity. It's like, well, no, that's where a lot of traders get screwed up and they wind up with poor consistency because they're just chasing whatever they see.</p><p><br /> </p><p><strong>[00:08:14.590] - Agnieszka Wood</strong></p><p>So would you say that in order to achieve confidence in trading is basically a decision making process? You need to be consistently making the same decisions in the same situations?</p><p><br /> </p><p><strong>[00:08:28.290] - Brian McAboy</strong></p><p>You need to be consistent in how you make your decisions. Yes. How you make your decision the same, but you need to make them in a consistent manner.</p><p><br /> </p><p><strong>[00:08:36.890] - Agnieszka Wood</strong></p><p>Okay, so the how would be then the process, how you define the process, how you will be making the decision. Okay.</p><p><br /> </p><p><strong>[00:08:43.530] - Brian McAboy</strong></p><p>One of the biggest problems I've seen with traders is they're working with, well, another thing that's good to distinguish the difference between a strategy and a system. Because a strategy is not a system. They're not the same.</p><p><br /> </p><p><strong>[00:08:56.510] - Agnieszka Wood</strong></p><p>So what's the difference?</p><p><br /> </p><p><strong>[00:08:58.330] - Brian McAboy</strong></p><p>The strategy is how you plan to get in and out of the markets. Like, okay, I want to trade the trend. I'll get in at the beginning of the trend and get out when it's exhausted. That's a strategy. Your system is how are you going to do that 500 or 1000 times consistently?</p><p><br /> </p><p><strong>[00:09:17.250] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:09:18.290] - Brian McAboy</strong></p><p>They're not the same. There are tons of great strategies out there that are not good. But that strategy by itself does not make a good system. And that's what a lot of traders are working with. They've got like a good idea for a system, but it's a lousy system because the way their system is put together, it's not built for consistency, it's not built for repeatability.</p><p><br /> </p><p><strong>[00:09:39.690] - Agnieszka Wood</strong></p><p>That's so interesting and system because I always talk about to my students, I always talk about process and I talk in general about following the process. Do you see system as a process or are these two for you, different things?</p><p><br /> </p><p><strong>[00:09:54.240] - Brian McAboy</strong></p><p>Oh, no, absolutely. The system is a process.</p><p><br /> </p><p><strong>[00:09:56.900] - Agnieszka Wood</strong></p><p>Okay. So we just call them differently.</p><p><br /> </p><p><strong>[00:09:59.050] - Brian McAboy</strong></p><p>You ever heard of Edward Deming?</p><p><br /> </p><p><strong>[00:10:01.070] - Agnieszka Wood</strong></p><p>I have not.</p><p><br /> </p><p><strong>[00:10:02.400] - Brian McAboy</strong></p><p>He's a quality guru back in the 70s. He's the American that the Japanese automotive manufacturers hired to help them come fix what they were doing. Because prior to him going out there, the Japanese were still recovering from World War II. But as far as making cars, they had the reputation of making cute, cheap little cars and they were popular, but everybody looked at them as, yeah, they're cute, but they're cheap and, you know, okay. And that was their, that was their perception. And they were struggling with that because they were, they were also having a hard time making money. They were having a hard time competing in the, in the world marketplace. Well, Demi came over there and he taught them that just going cheap on your materials and your equipment and not investing in training and good materials for making the cars and good technology. He taught them that if you focus on the process and you invest in your people, you invest in the equipment, you invest in good materials, that you'll actually save money because you're not incurring so much scrap and so much downtime and so much inefficiency.</p><p><br /> </p><p><strong>[00:11:10.010] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:11:11.830] - Brian McAboy</strong></p><p>And that's how during the Japanese took over the global automotive space as the perception of, hey, if you want a quality car, you'll buy Japanese.</p><p><br /> </p><p><strong>[00:11:30.280] - Brian McAboy</strong></p><p>Yeah. It's a position they assume, and they've been able to maintain it very well. Matter of fact, if you remember Lexus, their big campaign when they launched the Lexus company, Toyota did their byline on their marketing was the endless pursuit of perfection.</p><p><br /> </p><p><strong>[00:12:17.120] - Brian McAboy</strong></p><p>So Deming was able to prove to them that if you want to make money and you want to have some security in your business yes. Focus on quality. And his whole thing was paying attention to the process because prior to Deming, quality was under the kind of mind frame of quality control where you have production running and then you have inspectors standing down the line, looking at stuff and kicking off the bad product and oh, this one's okay. Ship it. Quality assurance was Deming's approach, and he totally shifted the mentality from let's keep an eye on the product going down the line and just run to let's pay attention to the process and know that what we're sending down the line is good.</p><p><br /> </p><p><strong>[00:12:58.760] - Agnieszka Wood</strong></p><p>Got you.</p><p><br /> </p><p><strong>[00:12:59.950] - Brian McAboy</strong></p><p>And so one of his favorite quotes though, and that was the reason for the whole Deming story was one of his famous quotes is if you can't define what you're doing as a process, then you don't know what you're doing.</p><p><br /> </p><p><strong>[00:13:11.630] - Agnieszka Wood</strong></p><p>So in fact, just going by that very inspiring story you just said, it is really about sort of preventing issues at the front instead of trying to deal with consequences.</p><p><br /> </p><p><strong>[00:13:25.900] - Brian McAboy</strong></p><p>Right, absolutely.</p><p><br /> </p><p><strong>[00:13:27.490] - Agnieszka Wood</strong></p><p>So curing the source and not trying to get rid of the sickness on the other side, like just taking a pill because you have a headache.</p><p><br /> </p><p><strong>[00:13:37.180] - Brian McAboy</strong></p><p>Right, yeah. But with trading yeah, the whole thing I try to help people understand. In my experience, most traders, they're above average, just the population as a whole. I mean, if you think about it, in order to be in a position to trade, you kind of have to be above average, if you consider where average is. And so traders have already demonstrated that they have what they need. They've already demonstrated that they can earn money, that they can amass money and have money, they can deal with success and the self worth and just the fact that they're there in a position to trade with 20, 5100 thousand dollars, they've demonstrated that they have what it takes.</p><p><br /> </p><p><strong>[00:14:23.410] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:14:24.260] - Brian McAboy</strong></p><p>And so it's like, all right, if personally it's not you, you're not screwed up, well, what's the problem then? And that's why I like telling them. It's like no talking to people, you don't have psychological issues, you have lack of training issues, you're trying to do a challenging job and you've not been given proper training for it. And have you ever heard of the book The Peter Principle? Yes, excellent book. And if you remember from the book the main finding of that, because Lawrence Peter was hired to study American businesses and see why there was so much inefficiency, he said, well, there's a lot of bad management decisions. But the main thing that came out of his book and later became famous as the Peter Principle was in any hierarchy a person will rise to their level of incompetence and then remain there. And I find that very applicable to traders because his whole point in saying that was a person, they'll have certain personal traits and abilities and that's why they keep rising through the ranks. Bob's over here and he's doing a great job, so let's promote him. He's still doing a great job, so let's promote him.</p><p><br /> </p><p><strong>[00:15:33.340] - Brian McAboy</strong></p><p>And then they're going to keep promoting him until he hits a level where he doesn't have the skills to be doing really good anymore and so stop promoting him. And so by definition, yeah, that's his level where of incompetence, where he's not doing so great anymore. But what most traders are in the position of is they've been doing well with their job. Maybe they're an engineer, they're a doctor, whatever, and then they kind of promote themselves into a new position of trading and it requires a skill set that they don't have, but they just kind of jump into it. And so they're struggling from the Peter Principle, it's because, yeah, you've got the skills that you've had before, but none of them are really transferable into trading.</p><p><br /> </p><p><strong>[00:16:15.390] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:16:17.450] - Brian McAboy</strong></p><p>But the thing is, that can last indefinitely because the markets and if they don't seek out the proper training, the markets aren't going to teach them. The markets are just going to rough them up. No, you're making another mistake. No, you're doing it wrong again. But that's all the feedback you get as a trader. Yeah.</p><p><br /> </p><p><strong>[00:16:34.510] - Agnieszka Wood</strong></p><p>And eventually you lose confidence in yourself and you start hesitating whether you actually are fit for that.</p><p><br /> </p><p><strong>[00:16:40.990] - Brian McAboy</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:16:41.180] - Agnieszka Wood</strong></p><p>Because you say, okay, there's nothing wrong with you. But eventually, when you keep failing, people I talk to all the time, they come to me and they have hardly any self confidence left because they think there's something wrong with them.</p><p><br /> </p><p><strong>[00:16:57.530] - Brian McAboy</strong></p><p>True. Now, I'm not saying that there aren't psychological issues per se, there aren't psychological issues that they bring as a person. They might have psychological issues to deal with from their trading experience. Traumatic. Yes. The failures. And the other thing, and this is another one that I really try to impress upon people, is I like calling it the kiss of death. And that's where, at the very beginning of a trading career, it's when you place that first trade with real money.</p><p><br /> </p><p><strong>[00:17:29.790] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:17:31.150] - Brian McAboy</strong></p><p>If your sole experience prior to that is, okay, I heard about trading, watched a couple of YouTube videos, and I called up a broker and they opened an account and funded it. And they gave me the SIM account so I can their platform and play for two weeks, maybe jump into their trading room and try to figure out what they're doing watching their traders in the trading room. And then it's like, bam. They'd say, all right, I get it, and they go live. But they only know enough to be dangerous. They know enough how to place trades, but they don't really know what they're doing. And so as soon as they place that first trade, though, now they're in this emotional state. They're in a mentally unprepared state and they kind of know it. There's that anxiety. They're way outside their comfort zones and they start trading with real money. And it's the emotional ride and yeah, it's the euphoria when they hit winners and it's, oh, my God, I suck when I hit losers. But the thing is, they go through weeks, sometimes months, sometimes years of this.</p><p><br /> </p><p><strong>[00:18:29.840] - Agnieszka Wood</strong></p><p>I know, tell me about it.</p><p><br /> </p><p><strong>[00:18:32.290] - Brian McAboy</strong></p><p>What they're doing, though, is and they don't realize it, is they're training themselves during this time. It's what they're practicing and ingraining into their head. Their brains getting absolutely. Their emotional system is getting wired. Their emotions are getting wired in their nervous system. It's all this wiring and programming that's going on. And their perspectives are getting established, their emotional responses are getting established, their thought processes are getting established. And it's all this horrible normal that gets drilled into them. Psychological aspect. Yeah. That needs to be addressed. But it does have psychological aspects. But at the core of it is you're suffering from bad training.</p><p><br /> </p><p><strong>[00:19:18.610] - Agnieszka Wood</strong></p><p>So at what point? Because if you have a system, right? So let's say someone comes to you and they work with you and they work out their system, now they know exactly what they need to do, what happens then? Do they easily follow the system? Because I wonder if having the system in itself already guaranteed that people will follow it, what's your take on it?</p><p><br /> </p><p><strong>[00:19:45.370] - Brian McAboy</strong></p><p>Of course not.</p><p><br /> </p><p><strong>[00:19:46.490] - Agnieszka Wood</strong></p><p>So what is the reason why people don't follow or I mean, they want to follow, but they don't follow the process. What do you think?</p><p><br /> </p><p><strong>[00:19:53.870] - Brian McAboy</strong></p><p>Several reasons. First of all, the strategy or the system itself is not the key. It's not. And I can prove it in four words. No. The best strategy on the planet, best one ever invented. If you can follow this strategy, you will make money. Guaranteed, 100%. You ready? Four words.</p><p><br /> </p><p><strong>[00:20:22.520] - Brian McAboy</strong></p><p>Yeah. Buy low, sell high. That's the best strategy on the planet.</p><p><br /> </p><p><strong>[00:20:27.710] - Agnieszka Wood</strong></p><p>That was my very first strategy. The first time I saw the chart, I was like, this is what I'm going to do. I will buy low and sell high.</p><p><br /> </p><p><strong>[00:20:37.290] - Brian McAboy</strong></p><p>Every strategy, if you boil it down to its essence, is the same thing.</p><p><br /> </p><p><strong>[00:20:40.930] - Agnieszka Wood</strong></p><p>Right?</p><p><br /> </p><p><strong>[00:20:41.680] - Brian McAboy</strong></p><p>Just like every diet is exercise less or exercise more and eat less.</p><p><br /> </p><p><strong>[00:20:47.390] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:20:48.180] - Brian McAboy</strong></p><p>Every diet, fitness program, weight loss program, whatever, it always boils down to those two things. Move more, eat less, just simplify things. So it's not in the strategy. There are several things to it. The first thing you do need to have a good system. That's important. Just like with discipline. Yes, of course. You have to show up every day and not be just stupid about what you're doing. Just like when you get in your car and drive, you can't just randomly change lanes and go through lights and all that kind of stuff. You do have to have enough discipline to function normally.</p><p><br /> </p><p><strong>[00:21:22.660] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:21:23.100] - Brian McAboy</strong></p><p>But it shouldn't take some ironclad abnormal level of discipline. A normal amount of discipline is really all it should be.</p><p><br /> </p><p><strong>[00:21:31.450] - Agnieszka Wood</strong></p><p>But there is something in human nature, and I'm sure when you were working in quality assurance, that when implementing new systems into companies, for example, there is this reluctance to change and fear of change, or where people let's say within a company that you have ever worked or consult for were people very excited and say, hey, we have a new system, let's implement it? Or did you have to push it through? Or was there any resistance for people to actually be able to do that, to implement that new system and follow it? Because that is what I see. That's a huge problem. People have systems and then they don't follow it. They have rules, they don't follow it. There is something that kind of they might follow it. And I remember it from myself. I would stay disciplined for a period of time, and then my rules would go out of the window.</p><p><br /> </p><p><strong>[00:22:27.330] - Brian McAboy</strong></p><p>Why does that happen again? If you go back to your early days in trading, what were you practicing? What were you ingraining as your initial habits? I know for me, like my first several months of trading, I was practicing bad trading every day. That is true. Yeah, I'm seeing new stuff. Yeah, I'll try that. Oh, I'll try that. That looks like that makes money. I'll try this indicator. So I was practicing jumpy, emotional, undisciplined, random, scattered trading every day. And that's what I was practicing for months. So yeah. Is that something that's going to probably come back at a later time or maybe just persist, especially if I keep doing it? Sure. Behavioral psychology, you do something for long enough, it's going to be wired into you.</p><p><br /> </p><p><strong>[00:23:18.990] - Agnieszka Wood</strong></p><p>That's right.</p><p><br /> </p><p><strong>[00:23:20.530] - Brian McAboy</strong></p><p>It's not always easy.</p><p><br /> </p><p><strong>[00:23:22.100] - Agnieszka Wood</strong></p><p>So basically everything that has to do with psychology, with changing your habits and building the proper system, should come at the front of trading education. Right. So while you're learning how to trade and let's say the technical analysis and you learn about the market, this should just be logical part of it, right, to set yourself up for success just.</p><p><br /> </p><p><strong>[00:23:46.750] - Brian McAboy</strong></p><p>Like any other job.</p><p><br /> </p><p><strong>[00:23:48.010] - Agnieszka Wood</strong></p><p>Why is it not like this in trading? Because in my experience, there is really not, at least when I started, now there is much more talk about mindset. And actually, you are the first person that I have came across who is helping traders to set the system and not just sell some $1 million strategy to trade. And a lot of times still, when I talk to people, they go, yeah, mindset. Yeah. Now, everyone knows psychology is an issue. Everyone knows, okay, I do need a system, but somehow they put it away and they think, yeah, maybe one day I'll take care of it. In the meantime, losing money.</p><p><br /> </p><p><strong>[00:24:35.770] - Brian McAboy</strong></p><p>Well, and part of that, again, comes from just the traders who we are as a population generally above average, intelligence wise, success wise. We're used to being able to and you've experienced this yourself, where it's like, yeah, I'll give that a try. And you jump into it and you figure it out and you make it a success. And so as traders, that element of personal confidence that, yeah, I can figure it out. I'm struggling, but I'll get there. I know that I will. And so that's part of where that comes from. Now, there's also an element of false confidence that's a huge part of trading, and that isn't helped by all the shysters out there and brokers. Yeah, look how easy it is. The guy selling the strategies. It's like, look, the chart went up, and we entered here, and we got out here. We made all this money, and you can do it, too, right? And everybody's like, oh, wow. Yeah. I mean, the worst at this one. I still can't believe it. I don't know if you heard of Dean Graziosi.</p><p><br /> </p><p><strong>[00:25:40.120] - Agnieszka Wood</strong></p><p>Oh, yes.</p><p><br /> </p><p><strong>[00:25:42.110] - Brian McAboy</strong></p><p>I get this mailer. He's got a thing going on at a hotel, a live seminar, and he's talking about the 37 habits of successful people. Well, I get there nothing to do with habits. It's a pitch for a trading program. There's this guy comes out in the front of the room, and he's got this charisma about him. And he's talking to the crowd, and he's just getting to know him. And he's kind of telling his story, his personal story. Not nothing to do with trading yet, but he gets everybody all warmed up and then he's like so who likes to make money? And can you click on green? Can you click on red? Do you think you can do that? And it was literally that simple, not even showing a chart, but just, like, a green triangle and a red triangle up on the paper on the screen behind it. And then he's back to just kind of schmoozing everybody, and then he's like, do you think you could do this? At the end of, like, 60 Minutes, there's this huge table rush, and everybody's running to the back of the room to buy his $1,000 trading thing.</p><p><br /> </p><p><strong>[00:26:44.050] - Agnieszka Wood</strong></p><p>Oh, wow. That's incredible.</p><p><br /> </p><p><strong>[00:26:46.310] - Brian McAboy</strong></p><p>Kidding me? Not only did he not explain trading at all or even what the hell they're talking about, it's just can you click on this? Can you click on that $1,000 running back there to sign up? So I walked around the rest of the afternoon, just handed my car to people saying, go get your money back. Call me. Don't do it. Lose money. Seriously. I'm watching them, and I'm looking and I'm looking around the room, and everybody's got their glossy eyes smile on their face and their mouths. Oh, yeah.</p><p><br /> </p><p><strong>[00:27:16.810] - Agnieszka Wood</strong></p><p>This is so sad. I find it really sad because one of the reasons that I'm here and doing what I'm doing and helping people to get out of that mode of, first of all, I need to trade. I need to make this money, but mostly of the mode of losing money, because there is I mean, you work so hard for the money that you then put into your trading account, and you just give it away, just like it would be much better to just to give it to charity, right?</p><p><br /> </p><p><strong>[00:27:55.510] - Brian McAboy</strong></p><p>Well, you think that's bad, go talk to somebody. And I know this is going to sound terrible, but it's true in my experience. Anyway, the younger generation, like kids in their 20s, right? They're learning to trade on Reddit and with cash app on their phone, and they're calling and trading. Oh, yeah, I'm in a Robin Hood and all that. And I'm like, oh, my God.</p><p><br /> </p><p><strong>[00:28:20.340] - Agnieszka Wood</strong></p><p>Yeah, that's a new generation. And you know what?</p><p><br /> </p><p><strong>[00:28:23.430] - Brian McAboy</strong></p><p>They're throwing tons of money into it.</p><p><br /> </p><p><strong>[00:28:25.670] - Agnieszka Wood</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:28:26.290] - Brian McAboy</strong></p><p>This one guy, he's lost over 20 grand. He's a young guy, he's already lost over 20 grand, and he's still putting money every week. And I'm like, Dude, stop.</p><p><br /> </p><p><strong>[00:28:36.060] - Agnieszka Wood</strong></p><p>Well, I think at some point I'm thinking there is probably also they have different mentality, and maybe their mentality, in a way, they're not worrying that much about money, which can be blessing and a curse, because a lot of times when you do worry about money and you trade, it sends you basically no way, right? Because now you're trading out of fear.</p><p><br /> </p><p><strong>[00:28:59.070] - Brian McAboy</strong></p><p>Yeah, that doesn't work.</p><p><br /> </p><p><strong>[00:29:00.300] - Agnieszka Wood</strong></p><p>But if you don't care about money, especially if it's not your money, if you get it, I don't know, maybe from your parents to find your account just to play. Because I don't know, I'm not sure where young people have that amount of money. Unless they made it in bitcoin. Because there's a lot of Bitcoin millionaires, right? But regardless how much money they have, there's no reason to throw it away for nothing, right, unless they learn from the mistakes. Expensive lessons.</p><p><br /> </p><p><strong>[00:29:35.210] - Brian McAboy</strong></p><p>Yeah, true.</p><p><br /> </p><p><strong>[00:29:36.350] - Agnieszka Wood</strong></p><p>How did you even start trading? Because you came from the quality assurance. Did you think, like, hey, I can use this in trading, or were you always into stock market?</p><p><br /> </p><p><strong>[00:30:05.070] - Brian McAboy</strong></p><p>But as far as trading, back in the days when the Internet was like brand new, mid 90s, just taking off, you see the billboards say www and that's all. And it's like back in the days when you still place trades by picking up the phone and calling your broker to place a trade.</p><p><br /> </p><p><strong>[00:30:22.410] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:30:22.900] - Brian McAboy</strong></p><p>When I got started and anyway, there was this guy who had a direct mail service, Ken Roberts. You get this sales letter and you read through it, and it's a story about how he ran across these guys, telling him about the best business in the world. You get to the end of the end of it, and he's selling a book called The Best Business in the World, and it's about futures trading. It's a great direct ad, direct mail campaign. It's a huge success. And he got tons of people into trading, me included, and that's where I got my start and the interest in it all. So as far as a business to pursue, it's like, yeah, sure, it. Sounds great. Get out of the corporate job. So that appeal and that whole path to being able to leave the corporate world, have control over your time, have some freedom, money, all that kind of stuff. Sure it's got a big appeal, but that's where I got started. And it was funny. It wasn't until 99 when I first actually started actively trading, I just dabbled a little here and there. But yeah, that's how I got started, was actually working with a broker over the phone and placing trades that way and eventually moving online and all that.</p><p><br /> </p><p><strong>[00:31:28.780] - Agnieszka Wood</strong></p><p>That's just totally different world. I've seen it only in a movie with Leonardo DiCaprio.</p><p><br /> </p><p><strong>[00:31:36.580] - Brian McAboy</strong></p><p>Oh, the Wolf of Wall Street.</p><p><br /> </p><p><strong>[00:31:38.010] - Agnieszka Wood</strong></p><p>The Wolf of Wall Street.</p><p><br /> </p><p><strong>[00:31:50.640] - Brian McAboy</strong></p><p>No, actually no. I even got Jordan Belfort's book, The Way of the Wolf. Yeah, his whole thing was he was a great salesman.</p><p><br /> </p><p><strong>[00:32:01.360] - Agnieszka Wood</strong></p><p>Yeah, definitely.</p><p><br /> </p><p><strong>[00:32:03.080] - Brian McAboy</strong></p><p>He was a great trader. He was a great salesman.</p><p><br /> </p><p><strong>[00:32:05.180] - Agnieszka Wood</strong></p><p>So how did you started to work with traders from trading to actually helping traders?</p><p><br /> </p><p><strong>[00:32:12.210] - Brian McAboy</strong></p><p>Well, I left the corporate world in 2005, just got a new boss that I just couldn't work with and resigned and was actually going to start a mortgage company. I was in the process of starting it. And I had run an ad for Originators, and this one gal who applied, I'm interviewing her for the loan originator job and she's telling me about how she had just gotten her certification as a life coach.</p><p><br /> </p><p><strong>[00:32:35.210] - Agnieszka Wood</strong></p><p>All right.</p><p><br /> </p><p><strong>[00:32:35.840] - Brian McAboy</strong></p><p>With specialization in emotional intelligence. And I'm like, well that's cool. I've been through that training where I work emotional intelligence training for managers in the workplace. And so we're talking about emotional intelligence and stuff, and I'm asking her about the training. It's like, heck, I didn't know they had schools for this certifications and everything. And she's like, yeah, it's actually a formal school and you can go there and get different certifications and specializations. I'm like, wow, so how do they teach you to get clients as far as your business, your practice now, right? And are you going for corporate contracts? And she's like, yeah. And I'm like, oh, that sucks. Corporations love abusing vendors. And it's like, no, I said, you really need to be over here talking to traders because you got a whole pile of people that their biggest problem is keeping handling their emotions to keep from making bad decisions, taking a financial beat, right? And so she's like, okay, well, and that sounds a whole lot better than beating my head on the corporate door. And so we talked about starting a company together where I would help her customize her coaching for traders, right?</p><p><br /> </p><p><strong>[00:33:42.630] - Brian McAboy</strong></p><p>And also do the marketing, introduce her to the trading world. And so we filled out the articles of organization, formed the corporation, got the bank accounts open, and we're ready to go live and she backed out day one and just got cold feet. And I'm like, You've got to be kidding me. Fine, I'll do it myself because I've been through the emotional intelligence training. I know what it's like to be a trader.</p><p><br /> </p><p><strong>[00:34:36.950] - Brian McAboy</strong></p><p>And I'm thrilled that it happened because at the same time the mortgage industry was taking a turn and it's like cool. Great. And love trading, love working with traders. It's been an adventuresome ride, of course. Definitely lessons learned along the way, some ups and downs. But I've had the opportunity to meet some really excellent, excellent people when I was first starting out. Ran across a few guys who at the time were pretty prominent and well established in the trading space and they were extremely helpful to me. Me being a nobody and being brand new to it all. Shout out to Mark McCray and Norman Hallett, a couple of great guys who were again, very gracious is the best word I can find for it because they had no reason to be helping me out aside from just the fact that they were good guys and it was excellent.</p><p><br /> </p><p><strong>[00:35:30.260] - Agnieszka Wood</strong></p><p>That is so wonderful. And that's exactly also my experience that I have entered the trading market as a coach three years ago and I have had met so many angels, I call them my angels on my way, that it's just incredible how helpful people are and without any expectations, without asking anything back for it. And it's just the will to help within this community when you meet the genuine people, you know what I mean, because there's also a lot of people that are trying to sell you something, but you can see them from far coming up. But in general, the community is absolutely heartwarming and I love to be in the circle because the trading world is pretty harsh. Right. It's like when you are a trader, you are there on your own and it plays on your emotions and you have to stand really solid in your shoes. So all the support you can get is really important. So where the traders can find you, if you say okay, if someone says okay, I have a strategy, but I know I have to focus on my process and I'm getting my mindset side now.</p><p><br /> </p><p><strong>[00:36:48.120] - Agnieszka Wood</strong></p><p>All good. But I still feel like there is still something that I need to improve from the process point of view where they can find you.</p><p><br /> </p><p><strong>[00:36:58.500] - Brian McAboy</strong></p><p>Well, created the site Inside Out Trading a long time ago and yeah, that's where you can find me. And as far as what the traders, I mean, really to me, it's fairly straightforward and really it's this simple. Basically, if you want to be a successful trader, there's three things that you need. You do have to have a good system to start with. Not just a good strategy, but a good system. You got to have skills and know how and knowledge so that's your competencies. And then you really need outside perspective because what I find for most traders is you're your own limitation. They're not knowing. You can't see what you can't see and you don't know what you don't know. And again, the markets are not going to tell you. They'll just take your money and keep telling you that you're screwing something up, but they're not going to tell you what.</p><p><br /> </p><p><strong>[00:37:48.600] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:37:49.080] - Brian McAboy</strong></p><p>And so until you get that outside perspective, it can take years to figure it out. It's just this is not an occupation that lends itself to being figured out. It's not.</p><p><br /> </p><p><strong>[00:37:58.760] - Agnieszka Wood</strong></p><p>And when you say outside perspective, what do you mean exactly with that?</p><p><br /> </p><p><strong>[00:38:03.050] - Brian McAboy</strong></p><p>Hiring a coach, somebody that you can talk to and get the verbal exchange and the feedback and ask questions and they can ask you questions to find out where you're at and find out what you're missing and maybe where you've been seeing, maybe where you've gotten some bad information along the way and help you correct that. Because again, if you're not getting that outside perspective, you can't see it and you're not going to be able to do anything about it if you don't even know it's there. And maybe you do recognize it, but you don't know how to fix it, right?</p><p><br /> </p><p><strong>[00:38:34.050] - Agnieszka Wood</strong></p><p>And that is so in line actually also with if you talk about mindset, because I always say mindset is you set your mind on something and then you are just in a tunnel vision. So you need to get outside perspective and look at other ways of doing things. And you have to look at yourself from outside so you actually can see what mistakes you're doing and the behaviors and everything. So it's all about getting that other perspective and being willing to look at yourself in the first place. Right.</p><p><br /> </p><p><strong>[00:39:09.440] - Brian McAboy</strong></p><p>Well, the other thing with the outside help though, again, there are skills that this job takes, right? It's not just am I able to place trades, there's a whole list of other skills that you need to be really fully self sufficient and truly independent as a trader. And again, these things, they're not easy to just figure out. You can if you don't mind investing years to figure it out, it's a whole lot more sensible to say I want to get some help from somebody who's been there and figured it out already and I'm glad to pay them because they're going to save me years and tons of time and money along the way. It's just like people go to college. I mean, I went to college and the whole point is you say all right. I'm going to invest four, six or eight years of my life and pay a ton of money for it because I know that when I come out the other side, I'm going to be in so much better position to have the lifestyle that I want.</p><p><br /> </p><p><strong>[00:40:14.140] - Agnieszka Wood</strong></p><p>Right. And a lot of people cut themselves short with trading, right. They say, okay, I want to make, I don't know, $10,000 in a month, but I don't want any help. I don't know how am I going to achieve this, but I also don't want to invest in myself to learn how to achieve that. So you're setting yourself up for failure in that case, right?</p><p><br /> </p><p><strong>[00:40:41.690] - Brian McAboy</strong></p><p>Yeah. And part of its perspective on oneself, self image and beliefs. Totally, yeah. Am I worth in investing in?</p><p><br /> </p><p><strong>[00:40:50.950] - Agnieszka Wood</strong></p><p>Yeah. The self worth is a huge issue for a lot of people a lot of times. Also, market will contribute even extra to that self worth. And the fact that people are used to judging their self value by what they have and what they possess, that is an extra trigger that market gives you because when you lose money, it takes away from your self worth. So this whole mix of things is just taking away a lot from your confidence and it's just slowing you down incredibly well. Thank you so much, Brian. This was such an inspiring conversation. And thank you so much for sharing your views. And I'm sure that this have created so much clarity to the audience and to people who are trading and still wondering what is the process? I have a strategy or I trade bullish flags. Is that my process?</p><p><br /> </p><p>So that brings us to the end of this episode. Thank you so much, Bran, for joining us and for this candid conversation today. It was a true pleasure to have you here.</p><p><br /> </p><p><strong>[00:42:08.270] - Brian McAboy</strong></p><p>Likewise. Yeah, thanks for having me. I very much enjoyed it. I love chatting with you. It's always fun.</p><p><br /> </p><p><strong>[00:42:14.410] - Agnieszka Wood</strong></p><p>Wonderful. I hope that it will help traders who are listening today to get some perspective and ideas to go back and review the way they trade, find the bottlenecks and start taking measures to make their system more efficient and more effective.</p><p><br /> </p><p>Thank you so much for listening to the Confidence in Trading podcast. If you enjoy my show, please rate and review it on Apple podcasts and be sure to subscribe so you can come back for real life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p><p> </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 19 May 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, Brian talks with Agnieszka about his systematic approach to trading that is helping traders to take control of their profits and make them predictable. Brian's unique approach is born out of his experience as a Quality Assurance Engineer and he puts emphasis on the importance of a proper trading system.</p><p>Brian stresses the importance of having the system in place right from the start, as most traders develop poor trading habits during their first few months.This beginning phase is where every day is often characterized by impulsive, emotional, undisciplined, and haphazard trading. Jumping from one approach to another, lured by the prospect of making quick profits or experimenting with different indicators and strategies, seeking the next big money-making technique. For Brian it is fairly simple. If you want to be a successful trader, there's three things that you need: a good system to start with, the skills and the knowledge, and an outside perspective such as a coach, because most traders limit themselves.</p><p><strong>About Brian McAboy</strong></p><p>Brian McAboy is known as “The Consistency Coach” as he brings a unique, unconventional and very effective approach to getting traders consistently profitable fast, as in a matter of weeks.  Brian’s background as a Process Engineer and Quality Assurance Engineer give him perspectives that are completely different from most trading educators.  As a result, he will allow you to see your trading from a whole new angle, one which can definitely help you to be a better trader.</p><p>On Brian’s website you can check out “The Science of Consistency Applied to Trading” and also pick up a free copy of his wildly profitable report “The Proven Formula for Consistent Monthly Profits”.</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Brian McAboy | Inside Out Trading: </strong></p><ul><li><a href="https://insideouttrading.com/">Website: insideouttrading.com</a></li><li><a href="https://twitter.com/TheTraderBrian">Twitter: @TheTraderBrian</a></li><li><a href="https://www.youtube.com/@TraderBrian">YouTube: @TraderBrian</a></li><li><a href="https://www.facebook.com/InsideOutTrading">Facebook: InsideOutTrading</a></li><li><a href="https://www.linkedin.com/in/brianmcaboy/">LinkedIn: Brian McAboy</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p><strong>[00:00:01.370] - Agnieszka Wood</strong></p><p>I am Agnieszka Wood and on today's show, I am very excited to introduce my very special guest, Brian McAboy. Brian is a consistency coach and he's helping traders to take control of their trading profits and make them predictable. I ask Brian to join us today to discuss the importance of psychology in trading. A very hot topic these days. Brian, after working with hundreds of traders over the last 17 years, found that most don't have psychological issues, that there is nothing wrong with them, that they don't need to fix themselves, and they just have a lack of trading issues. And it's a matter of the right training for their success to come quickly, easily, and very naturally. And since I am a trading mindset coach, predominantly helping traders to overcome the psychological barriers that keep them stuck in failing cycles, I thought it would be incredibly insightful for everyone that is listening to talk with Brian about our point of view on the real issue that prevents most traders from achieving success. Welcome to episode number five, following the Process. Hi, Brian, and welcome to the Confidence in Trading podcast.</p><p><br /> </p><p><strong>[00:01:25.540] - Brian McAboy</strong></p><p>Well, hello, and thank you for having me. I'm glad to be here.</p><p><br /> </p><p><strong>[00:01:28.270] - Agnieszka Wood</strong></p><p>Brian, your background is in mechanical engineering, and being ASQ certified quality engineer, you understand processes, systems, and how to get consistent results by design. Right. And for over 20 years, you have been helping people to make their professional lives more effective and efficient so they can have higher quality personal lives, right?</p><p><br /> </p><p><strong>[00:01:56.150] - Brian McAboy</strong></p><p>Yes.</p><p><br /> </p><p><strong>[00:01:57.430] - Agnieszka Wood</strong></p><p>I find your approach incredibly interesting. I am a big fan of having routines that I guess are processes, in fact, because they assure that my days are efficient and my efforts are the most effective. But I also know that many people, not just traders, struggle to stick to their processes and routines. Why is that? What is your take on that?</p><p><br /> </p><p><strong>[00:02:23.630] - Brian McAboy</strong></p><p>Well, there are actually well, we need to distinguish between processes and routines. I look at routines as things that you do every day, regardless, okay, regardless of what the day is. You get up, you go to the shower, you get your coffee, brush your teeth, whatever. Those are your routine.</p><p><br /> </p><p><strong>[00:02:42.540] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:02:42.790] - Brian McAboy</strong></p><p>It doesn't matter what's going on. That's going to be it. Processes are going to be more specific to what's going on at the moment. For example, with trade trading, I like to use the metaphor of a football coach. Every play in football is different, and the coach doesn't show up with just one play to use on every down. Some plays it's first and ten, others it's second and long, maybe third and short. And depending on the circumstances, he's going to use a specific play for those circumstances. Now, each of those plays is a predefined process.</p><p><br /> </p><p><strong>[00:03:18.910] - Agnieszka Wood</strong></p><p>Okay. So it's pretty much based on what you want to achieve in certain circumstances. Right.</p><p><br /> </p><p><strong>[00:03:26.950] - Brian McAboy</strong></p><p>Same thing with the markets, because the markets aren't always the same. You might have a trending market, you might have consolidating market, right. Might have a reversing market. So the circumstances are different and there are very few strategies that you can use regardless of what the markets are doing. There are a few, but very few. And so you need to distinguish between, like I said, routines and processes. Processes are where you say, these are my circumstances, here's the appropriate process to apply.</p><p><br /> </p><p><strong>[00:03:53.760] - Agnieszka Wood</strong></p><p>Okay, so how does that apply then to trading strategy or a certain setup? Would you then say that if someone has strategy and for example, trade breakouts, right? Like I trade momentum stocks and I trade breakouts or breakdowns. The process for it depends on the market conditions. Right. I have to see like I mean, if the market is trending, that's probably not a very high probability that I get a breakout in a trend, not a trending market. What I'm saying, if it's in the range. Right. So does that mean that I would need another strategy for different type of market?</p><p><br /> </p><p><strong>[00:04:33.430] - Brian McAboy</strong></p><p>Yeah, because well, okay, as far as process applied trading, one of my favorite questions to ask traders is what is a trading system? And so if I ask you what is a trading system?</p><p><br /> </p><p><strong>[00:04:51.390] - Agnieszka Wood</strong></p><p>Yeah. So for me, trading system is my strategy. So what I trade and how I trade it. So I would define for myself, like, what do I need to see in order to enter what kind of parameters, in what kind of market conditions I'm looking for, my setup. So there have to be some sort of precondition if I'm even going to consider a certain instrument to trade, if it fits my parameters, and then defining parameters, where I enter, where I stopped out, and where I will be taking the profit and how I am managing my risk and how I manage my trade. Is that correct answer?</p><p><br /> </p><p><strong>[00:05:32.170] - Brian McAboy</strong></p><p>Okay, let's try this just for fun. What is a trading system in ten words or less?</p><p><br /> </p><p><strong>[00:05:39.780] - Agnieszka Wood</strong></p><p>Okay. How I do things, how I trade.</p><p><br /> </p><p><strong>[00:05:43.710] - Brian McAboy</strong></p><p>Okay, that's a good answer. Usually when I ask traders, they'll say, well, my system, it's my rules, or it's my rules and my indicators. That's usually the answer that I get. And the thing is, in truth, and looking at it from the quality assurance perspective, your trading system is what you do, right?</p><p><br /> </p><p><strong>[00:06:02.710] - Agnieszka Wood</strong></p><p>Yeah, because we have to do what we do consistently. Consistently.</p><p><br /> </p><p><strong>[00:06:08.470] - Brian McAboy</strong></p><p>The thing is, your system includes rules and indicators, but it's more than that, right? Because trading, if you think about it well, another question I like asking traders, what is trading? So to you, what is trading?</p><p><br /> </p><p><strong>[00:06:24.350] - Agnieszka Wood</strong></p><p>Yeah, that's a very good question. So trading for me is to look for opportunities and get the most out of them, out of the opportunities that the market gives me. So looking basically for yeah, it's a really good question. I think that's it, yeah. Looking for market opportunities and trying to get the most to make the most out of my money with at least possible risk. What is trading for you?</p><p><br /> </p><p><strong>[00:06:53.090] - Brian McAboy</strong></p><p>Well, the answer that I usually get when I ask people that what is trading? They'll say, well, it's buying and selling securities.</p><p><br /> </p><p><strong>[00:07:00.150] - Agnieszka Wood</strong></p><p>Yeah, that's shopping.</p><p><br /> </p><p><strong>[00:07:02.390] - Brian McAboy</strong></p><p>But it's actively buying and selling versus compared to investing, where it's buy and hold.</p><p><br /> </p><p><strong>[00:07:07.210] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:07:07.790] - Brian McAboy</strong></p><p>Trading is you're buying and selling for profit.</p><p><br /> </p><p><strong>[00:07:10.420] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:07:10.920] - Brian McAboy</strong></p><p>And the thing is, if you really think about it, the act of trading though, is it's a decision making process.</p><p><br /> </p><p><br /> </p><p><strong>[00:07:21.630] - Brian McAboy</strong></p><p>We're looking at the charts or the news or whatever, taking in information. We evaluate it against certain criteria and then we draw conclusions and make decisions based on that evaluation.</p><p><br /> </p><p><strong>[00:07:33.830] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:07:34.530] - Brian McAboy</strong></p><p>And it's just a series of decisions. That's all trading really is. It's not like we're physically going down to a marketplace and exchanging goods and money. We're making decisions and just clicking on stuff on the screen. But it's really important to look at things that way when we're talking about consistency. Because instead of saying, well, I see this kind of a market move, or I see that kind of a market move, my indicator is saying that and I want to jump on that because it's an opportunity. It's like, well, no, that's where a lot of traders get screwed up and they wind up with poor consistency because they're just chasing whatever they see.</p><p><br /> </p><p><strong>[00:08:14.590] - Agnieszka Wood</strong></p><p>So would you say that in order to achieve confidence in trading is basically a decision making process? You need to be consistently making the same decisions in the same situations?</p><p><br /> </p><p><strong>[00:08:28.290] - Brian McAboy</strong></p><p>You need to be consistent in how you make your decisions. Yes. How you make your decision the same, but you need to make them in a consistent manner.</p><p><br /> </p><p><strong>[00:08:36.890] - Agnieszka Wood</strong></p><p>Okay, so the how would be then the process, how you define the process, how you will be making the decision. Okay.</p><p><br /> </p><p><strong>[00:08:43.530] - Brian McAboy</strong></p><p>One of the biggest problems I've seen with traders is they're working with, well, another thing that's good to distinguish the difference between a strategy and a system. Because a strategy is not a system. They're not the same.</p><p><br /> </p><p><strong>[00:08:56.510] - Agnieszka Wood</strong></p><p>So what's the difference?</p><p><br /> </p><p><strong>[00:08:58.330] - Brian McAboy</strong></p><p>The strategy is how you plan to get in and out of the markets. Like, okay, I want to trade the trend. I'll get in at the beginning of the trend and get out when it's exhausted. That's a strategy. Your system is how are you going to do that 500 or 1000 times consistently?</p><p><br /> </p><p><strong>[00:09:17.250] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:09:18.290] - Brian McAboy</strong></p><p>They're not the same. There are tons of great strategies out there that are not good. But that strategy by itself does not make a good system. And that's what a lot of traders are working with. They've got like a good idea for a system, but it's a lousy system because the way their system is put together, it's not built for consistency, it's not built for repeatability.</p><p><br /> </p><p><strong>[00:09:39.690] - Agnieszka Wood</strong></p><p>That's so interesting and system because I always talk about to my students, I always talk about process and I talk in general about following the process. Do you see system as a process or are these two for you, different things?</p><p><br /> </p><p><strong>[00:09:54.240] - Brian McAboy</strong></p><p>Oh, no, absolutely. The system is a process.</p><p><br /> </p><p><strong>[00:09:56.900] - Agnieszka Wood</strong></p><p>Okay. So we just call them differently.</p><p><br /> </p><p><strong>[00:09:59.050] - Brian McAboy</strong></p><p>You ever heard of Edward Deming?</p><p><br /> </p><p><strong>[00:10:01.070] - Agnieszka Wood</strong></p><p>I have not.</p><p><br /> </p><p><strong>[00:10:02.400] - Brian McAboy</strong></p><p>He's a quality guru back in the 70s. He's the American that the Japanese automotive manufacturers hired to help them come fix what they were doing. Because prior to him going out there, the Japanese were still recovering from World War II. But as far as making cars, they had the reputation of making cute, cheap little cars and they were popular, but everybody looked at them as, yeah, they're cute, but they're cheap and, you know, okay. And that was their, that was their perception. And they were struggling with that because they were, they were also having a hard time making money. They were having a hard time competing in the, in the world marketplace. Well, Demi came over there and he taught them that just going cheap on your materials and your equipment and not investing in training and good materials for making the cars and good technology. He taught them that if you focus on the process and you invest in your people, you invest in the equipment, you invest in good materials, that you'll actually save money because you're not incurring so much scrap and so much downtime and so much inefficiency.</p><p><br /> </p><p><strong>[00:11:10.010] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:11:11.830] - Brian McAboy</strong></p><p>And that's how during the Japanese took over the global automotive space as the perception of, hey, if you want a quality car, you'll buy Japanese.</p><p><br /> </p><p><strong>[00:11:30.280] - Brian McAboy</strong></p><p>Yeah. It's a position they assume, and they've been able to maintain it very well. Matter of fact, if you remember Lexus, their big campaign when they launched the Lexus company, Toyota did their byline on their marketing was the endless pursuit of perfection.</p><p><br /> </p><p><strong>[00:12:17.120] - Brian McAboy</strong></p><p>So Deming was able to prove to them that if you want to make money and you want to have some security in your business yes. Focus on quality. And his whole thing was paying attention to the process because prior to Deming, quality was under the kind of mind frame of quality control where you have production running and then you have inspectors standing down the line, looking at stuff and kicking off the bad product and oh, this one's okay. Ship it. Quality assurance was Deming's approach, and he totally shifted the mentality from let's keep an eye on the product going down the line and just run to let's pay attention to the process and know that what we're sending down the line is good.</p><p><br /> </p><p><strong>[00:12:58.760] - Agnieszka Wood</strong></p><p>Got you.</p><p><br /> </p><p><strong>[00:12:59.950] - Brian McAboy</strong></p><p>And so one of his favorite quotes though, and that was the reason for the whole Deming story was one of his famous quotes is if you can't define what you're doing as a process, then you don't know what you're doing.</p><p><br /> </p><p><strong>[00:13:11.630] - Agnieszka Wood</strong></p><p>So in fact, just going by that very inspiring story you just said, it is really about sort of preventing issues at the front instead of trying to deal with consequences.</p><p><br /> </p><p><strong>[00:13:25.900] - Brian McAboy</strong></p><p>Right, absolutely.</p><p><br /> </p><p><strong>[00:13:27.490] - Agnieszka Wood</strong></p><p>So curing the source and not trying to get rid of the sickness on the other side, like just taking a pill because you have a headache.</p><p><br /> </p><p><strong>[00:13:37.180] - Brian McAboy</strong></p><p>Right, yeah. But with trading yeah, the whole thing I try to help people understand. In my experience, most traders, they're above average, just the population as a whole. I mean, if you think about it, in order to be in a position to trade, you kind of have to be above average, if you consider where average is. And so traders have already demonstrated that they have what they need. They've already demonstrated that they can earn money, that they can amass money and have money, they can deal with success and the self worth and just the fact that they're there in a position to trade with 20, 5100 thousand dollars, they've demonstrated that they have what it takes.</p><p><br /> </p><p><strong>[00:14:23.410] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:14:24.260] - Brian McAboy</strong></p><p>And so it's like, all right, if personally it's not you, you're not screwed up, well, what's the problem then? And that's why I like telling them. It's like no talking to people, you don't have psychological issues, you have lack of training issues, you're trying to do a challenging job and you've not been given proper training for it. And have you ever heard of the book The Peter Principle? Yes, excellent book. And if you remember from the book the main finding of that, because Lawrence Peter was hired to study American businesses and see why there was so much inefficiency, he said, well, there's a lot of bad management decisions. But the main thing that came out of his book and later became famous as the Peter Principle was in any hierarchy a person will rise to their level of incompetence and then remain there. And I find that very applicable to traders because his whole point in saying that was a person, they'll have certain personal traits and abilities and that's why they keep rising through the ranks. Bob's over here and he's doing a great job, so let's promote him. He's still doing a great job, so let's promote him.</p><p><br /> </p><p><strong>[00:15:33.340] - Brian McAboy</strong></p><p>And then they're going to keep promoting him until he hits a level where he doesn't have the skills to be doing really good anymore and so stop promoting him. And so by definition, yeah, that's his level where of incompetence, where he's not doing so great anymore. But what most traders are in the position of is they've been doing well with their job. Maybe they're an engineer, they're a doctor, whatever, and then they kind of promote themselves into a new position of trading and it requires a skill set that they don't have, but they just kind of jump into it. And so they're struggling from the Peter Principle, it's because, yeah, you've got the skills that you've had before, but none of them are really transferable into trading.</p><p><br /> </p><p><strong>[00:16:15.390] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:16:17.450] - Brian McAboy</strong></p><p>But the thing is, that can last indefinitely because the markets and if they don't seek out the proper training, the markets aren't going to teach them. The markets are just going to rough them up. No, you're making another mistake. No, you're doing it wrong again. But that's all the feedback you get as a trader. Yeah.</p><p><br /> </p><p><strong>[00:16:34.510] - Agnieszka Wood</strong></p><p>And eventually you lose confidence in yourself and you start hesitating whether you actually are fit for that.</p><p><br /> </p><p><strong>[00:16:40.990] - Brian McAboy</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:16:41.180] - Agnieszka Wood</strong></p><p>Because you say, okay, there's nothing wrong with you. But eventually, when you keep failing, people I talk to all the time, they come to me and they have hardly any self confidence left because they think there's something wrong with them.</p><p><br /> </p><p><strong>[00:16:57.530] - Brian McAboy</strong></p><p>True. Now, I'm not saying that there aren't psychological issues per se, there aren't psychological issues that they bring as a person. They might have psychological issues to deal with from their trading experience. Traumatic. Yes. The failures. And the other thing, and this is another one that I really try to impress upon people, is I like calling it the kiss of death. And that's where, at the very beginning of a trading career, it's when you place that first trade with real money.</p><p><br /> </p><p><strong>[00:17:29.790] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:17:31.150] - Brian McAboy</strong></p><p>If your sole experience prior to that is, okay, I heard about trading, watched a couple of YouTube videos, and I called up a broker and they opened an account and funded it. And they gave me the SIM account so I can their platform and play for two weeks, maybe jump into their trading room and try to figure out what they're doing watching their traders in the trading room. And then it's like, bam. They'd say, all right, I get it, and they go live. But they only know enough to be dangerous. They know enough how to place trades, but they don't really know what they're doing. And so as soon as they place that first trade, though, now they're in this emotional state. They're in a mentally unprepared state and they kind of know it. There's that anxiety. They're way outside their comfort zones and they start trading with real money. And it's the emotional ride and yeah, it's the euphoria when they hit winners and it's, oh, my God, I suck when I hit losers. But the thing is, they go through weeks, sometimes months, sometimes years of this.</p><p><br /> </p><p><strong>[00:18:29.840] - Agnieszka Wood</strong></p><p>I know, tell me about it.</p><p><br /> </p><p><strong>[00:18:32.290] - Brian McAboy</strong></p><p>What they're doing, though, is and they don't realize it, is they're training themselves during this time. It's what they're practicing and ingraining into their head. Their brains getting absolutely. Their emotional system is getting wired. Their emotions are getting wired in their nervous system. It's all this wiring and programming that's going on. And their perspectives are getting established, their emotional responses are getting established, their thought processes are getting established. And it's all this horrible normal that gets drilled into them. Psychological aspect. Yeah. That needs to be addressed. But it does have psychological aspects. But at the core of it is you're suffering from bad training.</p><p><br /> </p><p><strong>[00:19:18.610] - Agnieszka Wood</strong></p><p>So at what point? Because if you have a system, right? So let's say someone comes to you and they work with you and they work out their system, now they know exactly what they need to do, what happens then? Do they easily follow the system? Because I wonder if having the system in itself already guaranteed that people will follow it, what's your take on it?</p><p><br /> </p><p><strong>[00:19:45.370] - Brian McAboy</strong></p><p>Of course not.</p><p><br /> </p><p><strong>[00:19:46.490] - Agnieszka Wood</strong></p><p>So what is the reason why people don't follow or I mean, they want to follow, but they don't follow the process. What do you think?</p><p><br /> </p><p><strong>[00:19:53.870] - Brian McAboy</strong></p><p>Several reasons. First of all, the strategy or the system itself is not the key. It's not. And I can prove it in four words. No. The best strategy on the planet, best one ever invented. If you can follow this strategy, you will make money. Guaranteed, 100%. You ready? Four words.</p><p><br /> </p><p><strong>[00:20:22.520] - Brian McAboy</strong></p><p>Yeah. Buy low, sell high. That's the best strategy on the planet.</p><p><br /> </p><p><strong>[00:20:27.710] - Agnieszka Wood</strong></p><p>That was my very first strategy. The first time I saw the chart, I was like, this is what I'm going to do. I will buy low and sell high.</p><p><br /> </p><p><strong>[00:20:37.290] - Brian McAboy</strong></p><p>Every strategy, if you boil it down to its essence, is the same thing.</p><p><br /> </p><p><strong>[00:20:40.930] - Agnieszka Wood</strong></p><p>Right?</p><p><br /> </p><p><strong>[00:20:41.680] - Brian McAboy</strong></p><p>Just like every diet is exercise less or exercise more and eat less.</p><p><br /> </p><p><strong>[00:20:47.390] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:20:48.180] - Brian McAboy</strong></p><p>Every diet, fitness program, weight loss program, whatever, it always boils down to those two things. Move more, eat less, just simplify things. So it's not in the strategy. There are several things to it. The first thing you do need to have a good system. That's important. Just like with discipline. Yes, of course. You have to show up every day and not be just stupid about what you're doing. Just like when you get in your car and drive, you can't just randomly change lanes and go through lights and all that kind of stuff. You do have to have enough discipline to function normally.</p><p><br /> </p><p><strong>[00:21:22.660] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:21:23.100] - Brian McAboy</strong></p><p>But it shouldn't take some ironclad abnormal level of discipline. A normal amount of discipline is really all it should be.</p><p><br /> </p><p><strong>[00:21:31.450] - Agnieszka Wood</strong></p><p>But there is something in human nature, and I'm sure when you were working in quality assurance, that when implementing new systems into companies, for example, there is this reluctance to change and fear of change, or where people let's say within a company that you have ever worked or consult for were people very excited and say, hey, we have a new system, let's implement it? Or did you have to push it through? Or was there any resistance for people to actually be able to do that, to implement that new system and follow it? Because that is what I see. That's a huge problem. People have systems and then they don't follow it. They have rules, they don't follow it. There is something that kind of they might follow it. And I remember it from myself. I would stay disciplined for a period of time, and then my rules would go out of the window.</p><p><br /> </p><p><strong>[00:22:27.330] - Brian McAboy</strong></p><p>Why does that happen again? If you go back to your early days in trading, what were you practicing? What were you ingraining as your initial habits? I know for me, like my first several months of trading, I was practicing bad trading every day. That is true. Yeah, I'm seeing new stuff. Yeah, I'll try that. Oh, I'll try that. That looks like that makes money. I'll try this indicator. So I was practicing jumpy, emotional, undisciplined, random, scattered trading every day. And that's what I was practicing for months. So yeah. Is that something that's going to probably come back at a later time or maybe just persist, especially if I keep doing it? Sure. Behavioral psychology, you do something for long enough, it's going to be wired into you.</p><p><br /> </p><p><strong>[00:23:18.990] - Agnieszka Wood</strong></p><p>That's right.</p><p><br /> </p><p><strong>[00:23:20.530] - Brian McAboy</strong></p><p>It's not always easy.</p><p><br /> </p><p><strong>[00:23:22.100] - Agnieszka Wood</strong></p><p>So basically everything that has to do with psychology, with changing your habits and building the proper system, should come at the front of trading education. Right. So while you're learning how to trade and let's say the technical analysis and you learn about the market, this should just be logical part of it, right, to set yourself up for success just.</p><p><br /> </p><p><strong>[00:23:46.750] - Brian McAboy</strong></p><p>Like any other job.</p><p><br /> </p><p><strong>[00:23:48.010] - Agnieszka Wood</strong></p><p>Why is it not like this in trading? Because in my experience, there is really not, at least when I started, now there is much more talk about mindset. And actually, you are the first person that I have came across who is helping traders to set the system and not just sell some $1 million strategy to trade. And a lot of times still, when I talk to people, they go, yeah, mindset. Yeah. Now, everyone knows psychology is an issue. Everyone knows, okay, I do need a system, but somehow they put it away and they think, yeah, maybe one day I'll take care of it. In the meantime, losing money.</p><p><br /> </p><p><strong>[00:24:35.770] - Brian McAboy</strong></p><p>Well, and part of that, again, comes from just the traders who we are as a population generally above average, intelligence wise, success wise. We're used to being able to and you've experienced this yourself, where it's like, yeah, I'll give that a try. And you jump into it and you figure it out and you make it a success. And so as traders, that element of personal confidence that, yeah, I can figure it out. I'm struggling, but I'll get there. I know that I will. And so that's part of where that comes from. Now, there's also an element of false confidence that's a huge part of trading, and that isn't helped by all the shysters out there and brokers. Yeah, look how easy it is. The guy selling the strategies. It's like, look, the chart went up, and we entered here, and we got out here. We made all this money, and you can do it, too, right? And everybody's like, oh, wow. Yeah. I mean, the worst at this one. I still can't believe it. I don't know if you heard of Dean Graziosi.</p><p><br /> </p><p><strong>[00:25:40.120] - Agnieszka Wood</strong></p><p>Oh, yes.</p><p><br /> </p><p><strong>[00:25:42.110] - Brian McAboy</strong></p><p>I get this mailer. He's got a thing going on at a hotel, a live seminar, and he's talking about the 37 habits of successful people. Well, I get there nothing to do with habits. It's a pitch for a trading program. There's this guy comes out in the front of the room, and he's got this charisma about him. And he's talking to the crowd, and he's just getting to know him. And he's kind of telling his story, his personal story. Not nothing to do with trading yet, but he gets everybody all warmed up and then he's like so who likes to make money? And can you click on green? Can you click on red? Do you think you can do that? And it was literally that simple, not even showing a chart, but just, like, a green triangle and a red triangle up on the paper on the screen behind it. And then he's back to just kind of schmoozing everybody, and then he's like, do you think you could do this? At the end of, like, 60 Minutes, there's this huge table rush, and everybody's running to the back of the room to buy his $1,000 trading thing.</p><p><br /> </p><p><strong>[00:26:44.050] - Agnieszka Wood</strong></p><p>Oh, wow. That's incredible.</p><p><br /> </p><p><strong>[00:26:46.310] - Brian McAboy</strong></p><p>Kidding me? Not only did he not explain trading at all or even what the hell they're talking about, it's just can you click on this? Can you click on that $1,000 running back there to sign up? So I walked around the rest of the afternoon, just handed my car to people saying, go get your money back. Call me. Don't do it. Lose money. Seriously. I'm watching them, and I'm looking and I'm looking around the room, and everybody's got their glossy eyes smile on their face and their mouths. Oh, yeah.</p><p><br /> </p><p><strong>[00:27:16.810] - Agnieszka Wood</strong></p><p>This is so sad. I find it really sad because one of the reasons that I'm here and doing what I'm doing and helping people to get out of that mode of, first of all, I need to trade. I need to make this money, but mostly of the mode of losing money, because there is I mean, you work so hard for the money that you then put into your trading account, and you just give it away, just like it would be much better to just to give it to charity, right?</p><p><br /> </p><p><strong>[00:27:55.510] - Brian McAboy</strong></p><p>Well, you think that's bad, go talk to somebody. And I know this is going to sound terrible, but it's true in my experience. Anyway, the younger generation, like kids in their 20s, right? They're learning to trade on Reddit and with cash app on their phone, and they're calling and trading. Oh, yeah, I'm in a Robin Hood and all that. And I'm like, oh, my God.</p><p><br /> </p><p><strong>[00:28:20.340] - Agnieszka Wood</strong></p><p>Yeah, that's a new generation. And you know what?</p><p><br /> </p><p><strong>[00:28:23.430] - Brian McAboy</strong></p><p>They're throwing tons of money into it.</p><p><br /> </p><p><strong>[00:28:25.670] - Agnieszka Wood</strong></p><p>Yeah.</p><p><br /> </p><p><strong>[00:28:26.290] - Brian McAboy</strong></p><p>This one guy, he's lost over 20 grand. He's a young guy, he's already lost over 20 grand, and he's still putting money every week. And I'm like, Dude, stop.</p><p><br /> </p><p><strong>[00:28:36.060] - Agnieszka Wood</strong></p><p>Well, I think at some point I'm thinking there is probably also they have different mentality, and maybe their mentality, in a way, they're not worrying that much about money, which can be blessing and a curse, because a lot of times when you do worry about money and you trade, it sends you basically no way, right? Because now you're trading out of fear.</p><p><br /> </p><p><strong>[00:28:59.070] - Brian McAboy</strong></p><p>Yeah, that doesn't work.</p><p><br /> </p><p><strong>[00:29:00.300] - Agnieszka Wood</strong></p><p>But if you don't care about money, especially if it's not your money, if you get it, I don't know, maybe from your parents to find your account just to play. Because I don't know, I'm not sure where young people have that amount of money. Unless they made it in bitcoin. Because there's a lot of Bitcoin millionaires, right? But regardless how much money they have, there's no reason to throw it away for nothing, right, unless they learn from the mistakes. Expensive lessons.</p><p><br /> </p><p><strong>[00:29:35.210] - Brian McAboy</strong></p><p>Yeah, true.</p><p><br /> </p><p><strong>[00:29:36.350] - Agnieszka Wood</strong></p><p>How did you even start trading? Because you came from the quality assurance. Did you think, like, hey, I can use this in trading, or were you always into stock market?</p><p><br /> </p><p><strong>[00:30:05.070] - Brian McAboy</strong></p><p>But as far as trading, back in the days when the Internet was like brand new, mid 90s, just taking off, you see the billboards say www and that's all. And it's like back in the days when you still place trades by picking up the phone and calling your broker to place a trade.</p><p><br /> </p><p><strong>[00:30:22.410] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:30:22.900] - Brian McAboy</strong></p><p>When I got started and anyway, there was this guy who had a direct mail service, Ken Roberts. You get this sales letter and you read through it, and it's a story about how he ran across these guys, telling him about the best business in the world. You get to the end of the end of it, and he's selling a book called The Best Business in the World, and it's about futures trading. It's a great direct ad, direct mail campaign. It's a huge success. And he got tons of people into trading, me included, and that's where I got my start and the interest in it all. So as far as a business to pursue, it's like, yeah, sure, it. Sounds great. Get out of the corporate job. So that appeal and that whole path to being able to leave the corporate world, have control over your time, have some freedom, money, all that kind of stuff. Sure it's got a big appeal, but that's where I got started. And it was funny. It wasn't until 99 when I first actually started actively trading, I just dabbled a little here and there. But yeah, that's how I got started, was actually working with a broker over the phone and placing trades that way and eventually moving online and all that.</p><p><br /> </p><p><strong>[00:31:28.780] - Agnieszka Wood</strong></p><p>That's just totally different world. I've seen it only in a movie with Leonardo DiCaprio.</p><p><br /> </p><p><strong>[00:31:36.580] - Brian McAboy</strong></p><p>Oh, the Wolf of Wall Street.</p><p><br /> </p><p><strong>[00:31:38.010] - Agnieszka Wood</strong></p><p>The Wolf of Wall Street.</p><p><br /> </p><p><strong>[00:31:50.640] - Brian McAboy</strong></p><p>No, actually no. I even got Jordan Belfort's book, The Way of the Wolf. Yeah, his whole thing was he was a great salesman.</p><p><br /> </p><p><strong>[00:32:01.360] - Agnieszka Wood</strong></p><p>Yeah, definitely.</p><p><br /> </p><p><strong>[00:32:03.080] - Brian McAboy</strong></p><p>He was a great trader. He was a great salesman.</p><p><br /> </p><p><strong>[00:32:05.180] - Agnieszka Wood</strong></p><p>So how did you started to work with traders from trading to actually helping traders?</p><p><br /> </p><p><strong>[00:32:12.210] - Brian McAboy</strong></p><p>Well, I left the corporate world in 2005, just got a new boss that I just couldn't work with and resigned and was actually going to start a mortgage company. I was in the process of starting it. And I had run an ad for Originators, and this one gal who applied, I'm interviewing her for the loan originator job and she's telling me about how she had just gotten her certification as a life coach.</p><p><br /> </p><p><strong>[00:32:35.210] - Agnieszka Wood</strong></p><p>All right.</p><p><br /> </p><p><strong>[00:32:35.840] - Brian McAboy</strong></p><p>With specialization in emotional intelligence. And I'm like, well that's cool. I've been through that training where I work emotional intelligence training for managers in the workplace. And so we're talking about emotional intelligence and stuff, and I'm asking her about the training. It's like, heck, I didn't know they had schools for this certifications and everything. And she's like, yeah, it's actually a formal school and you can go there and get different certifications and specializations. I'm like, wow, so how do they teach you to get clients as far as your business, your practice now, right? And are you going for corporate contracts? And she's like, yeah. And I'm like, oh, that sucks. Corporations love abusing vendors. And it's like, no, I said, you really need to be over here talking to traders because you got a whole pile of people that their biggest problem is keeping handling their emotions to keep from making bad decisions, taking a financial beat, right? And so she's like, okay, well, and that sounds a whole lot better than beating my head on the corporate door. And so we talked about starting a company together where I would help her customize her coaching for traders, right?</p><p><br /> </p><p><strong>[00:33:42.630] - Brian McAboy</strong></p><p>And also do the marketing, introduce her to the trading world. And so we filled out the articles of organization, formed the corporation, got the bank accounts open, and we're ready to go live and she backed out day one and just got cold feet. And I'm like, You've got to be kidding me. Fine, I'll do it myself because I've been through the emotional intelligence training. I know what it's like to be a trader.</p><p><br /> </p><p><strong>[00:34:36.950] - Brian McAboy</strong></p><p>And I'm thrilled that it happened because at the same time the mortgage industry was taking a turn and it's like cool. Great. And love trading, love working with traders. It's been an adventuresome ride, of course. Definitely lessons learned along the way, some ups and downs. But I've had the opportunity to meet some really excellent, excellent people when I was first starting out. Ran across a few guys who at the time were pretty prominent and well established in the trading space and they were extremely helpful to me. Me being a nobody and being brand new to it all. Shout out to Mark McCray and Norman Hallett, a couple of great guys who were again, very gracious is the best word I can find for it because they had no reason to be helping me out aside from just the fact that they were good guys and it was excellent.</p><p><br /> </p><p><strong>[00:35:30.260] - Agnieszka Wood</strong></p><p>That is so wonderful. And that's exactly also my experience that I have entered the trading market as a coach three years ago and I have had met so many angels, I call them my angels on my way, that it's just incredible how helpful people are and without any expectations, without asking anything back for it. And it's just the will to help within this community when you meet the genuine people, you know what I mean, because there's also a lot of people that are trying to sell you something, but you can see them from far coming up. But in general, the community is absolutely heartwarming and I love to be in the circle because the trading world is pretty harsh. Right. It's like when you are a trader, you are there on your own and it plays on your emotions and you have to stand really solid in your shoes. So all the support you can get is really important. So where the traders can find you, if you say okay, if someone says okay, I have a strategy, but I know I have to focus on my process and I'm getting my mindset side now.</p><p><br /> </p><p><strong>[00:36:48.120] - Agnieszka Wood</strong></p><p>All good. But I still feel like there is still something that I need to improve from the process point of view where they can find you.</p><p><br /> </p><p><strong>[00:36:58.500] - Brian McAboy</strong></p><p>Well, created the site Inside Out Trading a long time ago and yeah, that's where you can find me. And as far as what the traders, I mean, really to me, it's fairly straightforward and really it's this simple. Basically, if you want to be a successful trader, there's three things that you need. You do have to have a good system to start with. Not just a good strategy, but a good system. You got to have skills and know how and knowledge so that's your competencies. And then you really need outside perspective because what I find for most traders is you're your own limitation. They're not knowing. You can't see what you can't see and you don't know what you don't know. And again, the markets are not going to tell you. They'll just take your money and keep telling you that you're screwing something up, but they're not going to tell you what.</p><p><br /> </p><p><strong>[00:37:48.600] - Agnieszka Wood</strong></p><p>Right.</p><p><br /> </p><p><strong>[00:37:49.080] - Brian McAboy</strong></p><p>And so until you get that outside perspective, it can take years to figure it out. It's just this is not an occupation that lends itself to being figured out. It's not.</p><p><br /> </p><p><strong>[00:37:58.760] - Agnieszka Wood</strong></p><p>And when you say outside perspective, what do you mean exactly with that?</p><p><br /> </p><p><strong>[00:38:03.050] - Brian McAboy</strong></p><p>Hiring a coach, somebody that you can talk to and get the verbal exchange and the feedback and ask questions and they can ask you questions to find out where you're at and find out what you're missing and maybe where you've been seeing, maybe where you've gotten some bad information along the way and help you correct that. Because again, if you're not getting that outside perspective, you can't see it and you're not going to be able to do anything about it if you don't even know it's there. And maybe you do recognize it, but you don't know how to fix it, right?</p><p><br /> </p><p><strong>[00:38:34.050] - Agnieszka Wood</strong></p><p>And that is so in line actually also with if you talk about mindset, because I always say mindset is you set your mind on something and then you are just in a tunnel vision. So you need to get outside perspective and look at other ways of doing things. And you have to look at yourself from outside so you actually can see what mistakes you're doing and the behaviors and everything. So it's all about getting that other perspective and being willing to look at yourself in the first place. Right.</p><p><br /> </p><p><strong>[00:39:09.440] - Brian McAboy</strong></p><p>Well, the other thing with the outside help though, again, there are skills that this job takes, right? It's not just am I able to place trades, there's a whole list of other skills that you need to be really fully self sufficient and truly independent as a trader. And again, these things, they're not easy to just figure out. You can if you don't mind investing years to figure it out, it's a whole lot more sensible to say I want to get some help from somebody who's been there and figured it out already and I'm glad to pay them because they're going to save me years and tons of time and money along the way. It's just like people go to college. I mean, I went to college and the whole point is you say all right. I'm going to invest four, six or eight years of my life and pay a ton of money for it because I know that when I come out the other side, I'm going to be in so much better position to have the lifestyle that I want.</p><p><br /> </p><p><strong>[00:40:14.140] - Agnieszka Wood</strong></p><p>Right. And a lot of people cut themselves short with trading, right. They say, okay, I want to make, I don't know, $10,000 in a month, but I don't want any help. I don't know how am I going to achieve this, but I also don't want to invest in myself to learn how to achieve that. So you're setting yourself up for failure in that case, right?</p><p><br /> </p><p><strong>[00:40:41.690] - Brian McAboy</strong></p><p>Yeah. And part of its perspective on oneself, self image and beliefs. Totally, yeah. Am I worth in investing in?</p><p><br /> </p><p><strong>[00:40:50.950] - Agnieszka Wood</strong></p><p>Yeah. The self worth is a huge issue for a lot of people a lot of times. Also, market will contribute even extra to that self worth. And the fact that people are used to judging their self value by what they have and what they possess, that is an extra trigger that market gives you because when you lose money, it takes away from your self worth. So this whole mix of things is just taking away a lot from your confidence and it's just slowing you down incredibly well. Thank you so much, Brian. This was such an inspiring conversation. And thank you so much for sharing your views. And I'm sure that this have created so much clarity to the audience and to people who are trading and still wondering what is the process? I have a strategy or I trade bullish flags. Is that my process?</p><p><br /> </p><p>So that brings us to the end of this episode. Thank you so much, Bran, for joining us and for this candid conversation today. It was a true pleasure to have you here.</p><p><br /> </p><p><strong>[00:42:08.270] - Brian McAboy</strong></p><p>Likewise. Yeah, thanks for having me. I very much enjoyed it. I love chatting with you. It's always fun.</p><p><br /> </p><p><strong>[00:42:14.410] - Agnieszka Wood</strong></p><p>Wonderful. I hope that it will help traders who are listening today to get some perspective and ideas to go back and review the way they trade, find the bottlenecks and start taking measures to make their system more efficient and more effective.</p><p><br /> </p><p>Thank you so much for listening to the Confidence in Trading podcast. If you enjoy my show, please rate and review it on Apple podcasts and be sure to subscribe so you can come back for real life conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget, you too can realize your dream without losing yourself and your confidence in the process.</p><p> </p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="38102039" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/6f5067c5-b42d-4766-9f7c-6b14b102d5b4/audio/54709fc6-21be-45b3-ac25-1f39ab2384cb/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Following the Process</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:39:41</itunes:duration>
      <itunes:summary>In this episode, Brian talks with Agnieszka about his systematic approach to trading that is helping traders to take control of their profits and make them predictable. Brian&apos;s unique approach is born out of his experience as a Quality Assurance Engineer and he puts emphasis on the importance of a proper trading system. Most traders fail even when they have well-planned trading strategies, and according to Brian it is because they lack the knowledge of how to do the job. Having a system that allows for consistent execution of trading strategy, skills and knowledge and an outside perspective are key to profitability. </itunes:summary>
      <itunes:subtitle>In this episode, Brian talks with Agnieszka about his systematic approach to trading that is helping traders to take control of their profits and make them predictable. Brian&apos;s unique approach is born out of his experience as a Quality Assurance Engineer and he puts emphasis on the importance of a proper trading system. Most traders fail even when they have well-planned trading strategies, and according to Brian it is because they lack the knowledge of how to do the job. Having a system that allows for consistent execution of trading strategy, skills and knowledge and an outside perspective are key to profitability. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>5</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">9e835bce-b662-402b-b597-ddca3a424f43</guid>
      <title>To Trade or Not to Trade</title>
      <description><![CDATA[<p>Zach Rubin is back on the podcast to share more details about how his time as a trader led him to success, but not at all in the way he imagined it would. Instead of learning how to pull cash out of thin air—as Zach describes his fantasy of the trading world—with successful thousand-dollar-a-day trades, he actually lost money. His losses led him to seek coaching from experienced traders, including Agnieszka. It was the powerful mind-shift methods that Agnieszka uses that led to Zach’s comeback career.</p><p>Zach credits his learning experience as a trader to his success as a business owner. Without learning to completely shift and reframe his mindset, he would never have developed the confidence to take the leap of faith to build the thriving business he has now. Zach’s biggest advice to new traders is to treat the profession as an athlete. Train consistently and hire a renowned coach like Agnieszka Wood. Zach hopes that listeners interested in trading learn from their mistakes and hire a coach right away rather than waiting until they fail to ask for help. And for those who decide trading is not their life’s passion, hopefully, his story of success provides inspiration. </p><p><strong>About Zach Rubin</strong></p><p>Zach Rubin is a successful entrepreneur, Architectural Designer, and Owner of Foundry House in Greater Atlanta. Zach discovered his passion for architecture while at Penn State University, where he excelled in drafting and architectural design. He continued his education at the Georgia Institute of Technology, graduating with a Masters from the College of Architecture.  </p><p>Zach’s interest in trading was sparked during the COVID-19 wave and he started trading the Nasdaq and S&P Futures. After many ups and downs on his trading journey and making an incredible leap in his personal growth, he was able to achieve his long awaited dream. </p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Zach Rubin | Foundry House Design: </strong></p><ul><li><a href="https://foundryhousedesign.com/">Website: foundryhousedesign.com</a></li><li><a href="https://www.pinterest.ca/foundryhousedesign/">Pinterest: @foundaryhousedesign</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p>Agnieszka 0:00 </p><p>So today, my guest is Zach Rubin who you might remember from the very first episode of the Confidence in Trading podcast. Zach is a business owner, a husband and a father of two and a few weeks ago he shared with us the beginnings and the juicy details of his trading journey.</p><p>After many ups and downs and making an incredible leap in his personal growth, he was able to achieve his long awaited dream. And today he came back to tell us the rest of his story. And I can tell you that this is going to be good! So, stay tuned! And if you haven’t listened to the first episode yet, I strongly recommend you to do it, so you get the full picture!</p><p>Agnieszka 0:56</p><p>Hi, Zach. Welcome back!</p><p>Zach  0:57 </p><p>Hi, Agnieszka, thank you for having me.</p><p>Agnieszka 0:59</p><p>Last time we talked about how much work and effort you have put into making trading work for you. And how challenging it was especially on the emotional level. So, can you tell us how did your journey develop?</p><p>Zach  1:13  </p><p>I had a boss at one point. And we were driving to a retreat, which was a few hours away. And I just happened to be the one that was in the car with him. It was us two together, which was a bit of a, it was a good moment, right? Because I was able to kind of like, speak to somebody who was my superior in a confined space for a long time. And we got to the conversation of like, well, what do you want to do with kind of the, you know, what's your goals? What are your plans, and I kind of brought up to him, I said, "Well, I really wish I could have been, I really wish I could do architecture, you know, I mean, I just love construction and buildings." And I've worked in the construction fields. In fact, the company I was working for with this person, I was a facilities manager. So I was in charge of properties, and that required me to have a strong understanding of building systems and construction practices and whatnot, because I was constantly working alongside those people to to keep various properties around the country in operation. And I remember the boss, as he was talking, he said, "Well," he's like, "I'm sorry to tell you this Zach. But I think the boats, the boat has sailed for you on that." Because I was, you know, I'm in my late 30s have already gone to grad school. I didn't have a degree in any of this. But I had degrees that were associated with it just not the exact thing, right. So I kind of like, and this is something that I think I've had through my life anyway, when somebody tells me I can't do it, I suddenly get this gumption to say I'm gonna prove that person wrong. Right? It's just my nature. </p><p>Agnieszka  2:29  </p><p>So, so familiar. </p><p>Zach  2:31  </p><p>Yeah, so um, you know, I was kind of listening when I'm like it just like, I mean, it rang in my head for days that like, "I think the boat has sailed for you on this, I think the boat has sailed." I mean, it was like a montage of just like his face saying this to me over and over and over again. And it man did it wear on me. And shortly after that, I kind of made the decision to pursue a different career for a different company in, that would bring me closer to that goal. So I started applying to jobs to be an architectural designer, which you don't necessarily have to have an education in. But you have to have a skill set in. And because I had so much experience working in construction and everything else and had a graduate degree in design, industrial design, which is product design. I felt like, "Hmm, okay, let's take a chance." So I started applying to jobs that were for an architectural designer. And lo and behold, I ended up getting one and I interview really well. So it went really great. And I started working as a architectural designer for a company. And then I got furloughed because of COVID. And that's ultimately what kind of led me into the trading thing. But that experience is what sort of was my first foot into this into this arena. And then it wasn't until after I'd, I was coming off a furlough, I was looking for a new job about to take another architectural design job. And I get a call from an old boss who I'd worked with before in construction. And he's like, "Hey," he's like, "I need somebody to help me out, blah, blah, blah." And I'm like, "Look, I'm about to sign a contract to work for this other company." And he said, "Well," he's like, "the pay is not going to be as much, we're not going to be able to give you any of the benefits that this other company will. But you..." at the time I was trading. And he's, I said, he said, "but I'll let you have as much time as you want to do your trading just as long as you get the job done." And so I was like "Done, I'll take it," even though it like literally was 25,000, maybe 30,000 less in salary per year it was it was with a company I'd worked for in the past. So to some degree, I felt like I was moving, I was still I was falling backward, right? I wasn't progressing, I was moving backwards. But I took the risk because I wanted to continue trading. And then that position ultimately led me into the new opportunity of the partners there, that company decided that they wanted to create a new company to do interior design and cabinetry. And they said, We want to make you a partner .I was like "I'll take it, I'll do it." This was like the opportunity suddenly comes and this was right in January of last year. So this was right when we were still working together. But it was about the three quarter mark or so of our program together. And so it was like suddenly like oh my god, I have the possibility to be part owner in this new business. So I take it. Then one of the other partners, for the reason why he was a partner was because he had broken out, broken up with a partnership he had with another company that did architectural design. So now I said well, why don't we just do architectural design here in this company, since I have an interest in it and you have the experience for it. Let's just do it. So we started doing architectural design and I started learning how to put plans together and I already had the construction knowledge now it was just a matter of learning the software to do the actual, you know, architectural plans. So we started doing that. And about 10 months, or no not even, eight months into that partnership. Partnership with four people can be a little bit challenging and it definitely causes some friction and when everyone wants to be a leader, you know, it's not always going to work out. So one thing led to another and, and the decision was made that I would take a third of that business, the architectural component of that business and just take it off their hands, I created my own business with it, the amount of confidence that it took me for sure to decide in that moment, like, Okay, I'm going to leave the security of a job, I'm going to, I'm going to release my my shares of this partnership that, for all intents and purposes, was looking like it was going to be very successful. And I'm going to instead just do something that I'm not going to own 100% of, but there is no guarantee that I'm successful at this, and there's no going back. It's not like I can be like, oh, sorry, actually, can I get back into that partnership that ain't gonna happen. So I take the leap of faith, I start my own firm. And because of the network that I developed over the course of time, and the confidence that the newfound confidence that I had, and mindset, money, mindset, all of it, we just hit the ground running. And from... this is August of last year, until today, the company has brought in, I mean, hundreds of thousands in revenues, we've had over 30 customers, we've I've now I'm now designing people's houses that from scratch, like new construction, I mean, just you know, somebody calls me up, hey, we want to add on a piece of land, we want to build a house and I'm like, sure we can help you with that. So and you know, this is all from somebody that never went to architecture school, right and always wanted to and and honestly, like I said, previously, when I was in school, I wanted to go that path but didn't have the confidence to pursue it. So still, life has brought me back to this moment. And I honestly credit, the fact that I spent that time working on my mindset and my confidence because of trading. That ultimately is what resulted in this outcome. And for that, and I'm thankful and grateful for it, even if I never trade again.</p><p>Agnieszka  7:24  </p><p>That's a wonderful story. Thank you so much for sharing it, because it also shows how the universe has a plan, in a way,and kind of brings things onto your path. And all you need to do is just take it. Just take it and do it and you know, don't resist it. Sometimes it might be challenging, sometimes it might require confidence. But eventually if you do follow your your dream, because it was your dream at some point, right? You wanted to, you knew what you wanted to do. And there was not... trading wasn't as strong as that path. Right?</p><p>Agnieszka  8:08  </p><p>I remember when we started working. You were saying, "Yea, this is always what I always wanted to do."</p><p>Zach  8:10  </p><p>Yeah, exactly. Like if I was still trading today, I would possibly be still dreaming about being an architect and doing architectural design. Right. I mean, there's no doubt. So it's a, it is a remarkable thing of how it kind of worked out. And I don't think it was by accident. I think that this this ultimately happened because of the positions I put myself in because of the work that we did. And it you know, it's hindsight, they say "Hindsight is 20/20" but I think that you can look back on things and real and also make the realization that I would not be the person today capable of achieving that success. And literally getting to the place I always want it to be if it weren't for the steps that I took previously. And I think anyone is... I think this is possible for anybody, regardless of what, whether it's trading you want or something else, I think the important thing is, is to learn and know yourself. That's probably the number one thing even before you trade, try to spend time figuring out who you are, what you like, what drives you, what are your motivating factors, and not be afraid to pursue the things that maybe the boat has sailed on, or that you perceive the boat has sailed on. Because there's, there's no, that's only what somebody else may say, that's not necessarily the reality for you. You don't have to let it be the reality for you.</p><p>Agnieszka  9:27  </p><p>Yeah, yeah, totally. And that's, that's what I always call a strong "Why". You need to have a strong "Why." Why are you doing things? Why are they important to you. You have a vision. You have a mission in your life, because all those things will contribute to where you put your energy and effort and wherever you put your energy into that will give you the results. So after you went through this whole process, and you got through your emotional journey, how did the trading change for you?</p><p>Zach  10:04  </p><p>So, um… </p><p>Agnieszka  10:07  </p><p>Or I should say maybe how did trading change your life at that moment. What happened?</p><p>Zach  10:12  </p><p>What happened? Yeah, so what I came to realize, I think was that... At first it gave me confidence in who I am. It gave me a better grounding. In that kind of money mindset, the manifesting success type of thing. I worked on that a lot more I started to visualize and understand like, you know what, what's possible for me what's the future gonna hold. But ultimately, it resulted in me taking a major step away from trading. As much as I love the idea of trading, as much as I love the potential of what it has to offer to you. And the freedom that comes along with that, I slowly began to realize, while I took a break, like I should say, I first took a break more from a position of necessity, because if I continued down the path that I was just going to continue either revenge trading, or I was going to continue to, you know, just build this, this monster out of it, right? This thing that I'm constantly trying to overcome and really struggling to, to do so. And so I needed to take a break from it, because it just even through all the work that I've done, it just wasn't clicking as much as I wanted it to. So I take a take a step back. And through that break is really, I think, where I came to some new conclusions, which was that the work that I done working on my mindset, and all of that started to change my life outside of trading far more than it actually changed my life in trading. And that resulted in opportunity, new opportunities coming up in life and in business. And the way that I approached those opportunities changed because of this newfound sense of calm and this newfound sense of confidence, such that I was able to not only, I think, attract those opportunities, but I was able to capitalize on those capital opportunities. And now that I'm, I've not been trading now for, what, almost a year? Has it been that long? When did we Yeah,</p><p>Agnieszka  12:14  </p><p>Actually, you finished the program last year, end of January.</p><p>Zach  12:18  </p><p>End of January. Wow. So it's been over a year. Yeah, exactly. So, I ended up, so I put trading on pause, which was supposed to be a temporary pause and it turned into a more permanent pause. Partially because the rest of life started to improve, other than I had new, a new job opportunities, partnership opportunities with businesses that I was involved in, and then those partnership opportunities ultimately turned into me starting my own business, and ultimately creating the exact life I wanted. It just didn't involve trading. So who knew, right? And, you know, surprise, I ended up not becoming a trader. Now, I still carry the dream inside of me, if I'm being honest with you, I still think about trading periodically. I actually, at some point in the last year, I invested in a different trading platform that was making use of different type of chart style was a few $100. You know, I gave it a shot because I was like, kind of trying to keep the dream alive. The reality is, though, is that because of all these other successes outside of trading, my life has gotten so busy and so full that trading is become something that is almost unrealistic at this point. It's funny, because I'm like, my Work calendar, I still block out an hour and a half every morning from nine from nine o'clock till 10:30 for trading, it still says trading and every day I see a pop up on my calendar, like traded reading time. But I don't I don't trade because I have so much going on with all of these other businesses that I'm working on. And the success that I'm seeing in these areas is so rewarding to me, possibly more rewarding the trading ever would have been even though trading might have certainly how to become truly successful at it would have no doubt awarded me far more income. I mean, I'm still doing better than I ever have. But I mean compared to trading, which has massive upside potential. It's it's not even a comparison. But the value that I'm getting from the businesses that I own, and the the confidence that I'm building in myself, because I'm not only owning my own company and doing incredible work for the customers that I have and the product that we create. It's fulfilled me in ways that I think trading, I don't know the trading ever would have because at the end of the day, yes, being good trader will give you a lot of confidence and a lot of gratification, especially when you get to spend that money and drive around in your Lambo. But it's like it's the difference between being really good at something and being proud of that versus creating something that's much bigger than yourself that maybe has the potential to live beyond you. And I think that's where I'm at right now in life is I got this business, we do architectural design for customers, and it's related to the industry that I was had started in years ago, but have kind of worked my way into this new place and have a business now that is you know, doing doing incredible and is awarded me not only the freedom that I wanted, I mean to some extent I mean, like I spend an hour and a half working a day and then spend the rest of the day spending my money. It's more so that I have the freedom that I don't have a boss. I don't have a... if I want to take a vacation, I can take as much time as I want to as long as the work is still getting done. So, I, I've been able to capture a lot of these things that I think I always wanted. And I think that this experience of trading, struggling to learn how to trade working through my mindset and my confidence, and then coming out the other side, only to realize that maybe trading isn't exactly what I want to do with my life has still created the life that I ultimately wanted. And it's a remarkable thing.</p><p>Agnieszka  15:45  </p><p>Congratulations, I'm really so happy to hear that. And you know, I exactly remember the moment when it all started to kind of show itself in your life, all these opportunities, and the moment where you came and you said, this is incredible. And, you know, I got this offer to become a partner, and then things just started to roll from there, and you're so much more grounded and confident to actually go for it. And you know, not question it, but just take what the universe was giving you. </p><p>Zach  16:21  </p><p>When you you know, the, a lot of the work that we did together ultimately helped me to learn how to manifest the future I wanted the life I wanted. And trading is sort of a means to an end to some degree, it's a, it's a, something that you do to be able to make a ton of money so that then you can enjoy life, right? It's one of the it's like a step on the path to your actual goal, which is to gain freedom or financial wealth, or private jet or whatever. But most people who I see who end up trading, ultimately don't do it for the rest of their lives. They do it for a part of their life, maybe they build a bunch of capital, but they almost always either invest that money wisely, create passive streams of income, buy businesses that they operate, and it ultimately becomes a means to an end. It's rare that you find somebody who gets into trading and it becomes their lifestyle, their life and their business. And that's all they do. You know, there are definitely people like that and all the power to them, if you can, you know, I always equated trading to like, it's as if there's a stream of money that's floating above your head in this cloud. And if you're good enough at it, you can just reach up and just grab stacks of cash, just like just grabbing stacks of cash. It's unbelievable. That was the thing that ultimately attracted me to it. I used to say that all the time, like it's magic. It's like money magic, right? And that's great. But the fulfillment end of it, you know, yeah, it's you and the computer. And I think for me now, like I have this business, I've got, now, ambitions that are like, wow, what if I create this business and open up different cities, and I'm able to start building a much bigger brand. I mean, I just the other day bought the web address for my business for $2,000. I never thought I would buy a website, even my wife is like you spent how much on what? On like, something you can't even hold. And I'm like, Yeah, I know, it sounds crazy. But, and like, the me a year and a half ago, if you said like Zach, a year and a half from now you're gonna spend two grand on a URL, I'd be like, there's no way, like, who makes a decision like that? And now I'm doing it with like, not only like, this is an obvious no brainer, because this is how I, I'm going to, you know, launch myself into this new direction with this business to turn it more into a brand and more into a, into a larger company that that maybe one day I can sell for, you know, 10 or $20 million, maybe, I mean, that's sort of, that's where my head's at now. Whereas before, it was just, you got to learn how to trade so you can make three grand a day or whatever. And now it's like, you know, these new horizons that have I've never thought of before, and it's a different experience, but I'm so grateful for the fact that I got involved in trading, not only to learn about markets and learn about trading is just a as a skill set. And as a technical element of it, it's been, it's been educational in so many other ways. But also, more so really, that mindset, self control, discipline, all of that is connected, you know, and it's affected me not only in the sense of, of my career and business and all that but it's affected me in my health, I've changed the food I eat, I have more confidence in and more confidence in my level of discipline that I can attain for myself. And you know, I mean, I'm, I've lost weight, I've increased my salary I've been, I'm building a machine now like a business that has the potential to grow and expand for the future. My family life is better, you know, I'm able to work from home all the time now. So I get to see my kids multiple times a day, but sometimes it's too much because they're, they're five and two. So, you know, once I see them, I can't like pry them off me so I can get back to work. But I get to be with them a lot. And I don't have to go into an office anymore. And this is all tremendous. You know, this is I have the life I want because of trading, but ironically, it did not include trading. So.</p><p>Agnieszka  20:07  </p><p>Yes, that is wonderful. That's pretty amazing that you actually, you can say you achieved that with trading, but not with the money you made from trading.</p><p>Zach  20:20  </p><p>So in a way it still was a means to an end. It just wasn't the end I had in mind. So I think it's important, I think, as people listening to this, is, first, do your best to try to be a good trader, right? Do do take all those steps because I wouldn't have what I have, if I didn't go through all the steps, right? I wouldn't, I wouldn't be where I am, had I given up on trading, I'd probably be still working a nine to five in some office somewhere with a boss who I couldn't stand and the freedom I didn't have, right. So I'm glad that I went through that process. And, you know, I invested a lot into it, not only the money that I ultimately lost in the market, but the money I spent on great coaches and, and books and things to read. And that was all part of the part of the plan in a way, you know, and it ultimately got me to where I am now. So I recommend that you still focus on that. But most of all, focus on your mindset. Because even if trading doesn't work out, your mindset is something that changes, the rest changes you for the rest of your life. And having that experience will is fundamental, it will fundamentally change who you are and how you interact and the people you surround yourself with and, and that ultimately relates to the kind of success that you'll have, whether it's in trading or not. So pursue it. Regardless, just be careful. Don't put all your eggs in one basket, be willing. And I think also you mentioned this, be willing to see the trading might not be for you. But still, don't be depressed about it still see the value. And this took me some time to kind of like get here to still see the value of that experience. Because it's very easy to fall into that despair, once you make that final decision. Like, okay, I'm putting down the, I'm putting it down, I'm not trading anymore, you will feel that overwhelming wave of I am a complete failure. I've wasted how much money you know, and you start doing the math it becomes depressing. But just know, yeah, it's not the end of the story. You know, you can continue on and the skills and mindset, you know, that you've now developed over the course of this has truthfully changed your capability for success.</p><p>Agnieszka  22:20  </p><p>So in a way it is, it is realizing your dream, not necessarily a dream to trade, which again, not many people have a dream to trade, but they just want to realize their dream. But then somehow it gets all mixed up into “my dream is to make money.” That's where it goes south.</p><p>Zach  22:37  </p><p>There was a moment when... I want to explain what it felt like to finally make it to the to the point of success, because this is I think the part that keeps people's dreams fueled, right in the same way that sometimes some of the content on YouTube regarding trading, sometimes alludes to. There was a moment where you know that like when you're like a the the idea, the image I get in my head is like when you're a kid and you're looking through the glass window of a storefront and you see maybe it's a toy, or, you know, cakes and pastries or something that you just can't you want to want to have. Yeah, but maybe you're you're you don't have the money, you don't have, you know, the means whatever, for whatever reason, you can't access what's on the other side of the glass. And there was a moment when, you know, my wife and I were sitting down at night, and it was after we'd created the business and we started seeing some initial success in the first few months. Like in the first three months, I think we already had, you know, 15 projects or something. And we'd already collected $100,000 or something and just a few months and it was just like wow, like this is incredible. And we were actually paying ourselves like salaries that were greater than ever before and, and doing all that and I remember looking at my wife and I said it just like struck me and it just I just said to her, I said "I'm on the other side of the glass." I said "that's what I feel like I'm on the other side of the glass for the first time right I'm there, I'm there. I've got it in my hands like the freedom that I always wanted. The ownership of my own means of resources is now there. I have it all, right? I've gotten there, I've got I've made it to the other side of the glass." And I mean, I started crying for us, because I was just like, oh my god, like, I've been wanting this for so long for so many years. And, and here I am, you know, and that feeling, it just washes over you and you just feel like, wow, there it is that, you know, all of those years of struggling all those years of uncertainty, they're finally here. So keep that in your mind. </p><p>Agnieszka  24:39  </p><p>You gave me goosebumps.</p><p>Zach  24:42  </p><p>Yeah, I know, well, it's powerful. Because it's, we all have that I think we all have those things in life that we want to, that we dream about, whether it's trading or not, there's all this dream of what life could be. That's the dream is always seemingly on the other side of the glass. But one day, you do make it there. If you play your cards, right, and you work on yourself in the right ways, and you keep pursuing the opportunities as they come, you'll get there. And when you do, you'll find yourself on the other side of the glass. And the feeling is remarkable. And it doesn't mean that everything becomes easy all at once. In fact, maybe your stresses are greater and you've got more responsibilities. Now I've got mouths to feed, right? I've got employees who are relying on me to continue the business and to grow it so that they can also see success in their lives. And that's a tremendous amount more, you know, stress and things to worry about and concerns. But I'm so grateful for, for the fact that I'm here, able to do what I'm doing and to have to have access to those things that I've created.</p><p>Agnieszka  25:43  </p><p>Tell me. Tell me with all the responsibility that you have now do you have more sleepless nights than when you had when the trading wasn't working out?</p><p>Zach  25:52 </p><p>Great question. So in addition to working on mindset, and other things, I've also worked on my health and my sleeping abilities and stuff, you know, my wife is really has a lot of she has a lot of responsibility on this for me, because she pushes me, it's almost like I have a full time coach as a wife, because she's constantly getting me to focus on on on these other things and constantly pushing me toward getting new coaching. Like I'm currently with a coach right now for fitness and nutrition. Like and, you know, I just, I think part of it too, is because of all the experiences I've had working with you and other coaches, it's made me realize, like, there's nothing better than having a good mentor and a good coach to work with on anything that you might be tackling. And so yeah, so I'm working through that. And so I'm sleeping better, maybe, maybe not so much because I have less stress, I think I actually probably have more stress in my life, different kinds of stress. But I'm sleeping better because I've worked on those things worked on habits and I've also worked on or I should say, having, knowing that I've attained those things that I've wanted to do already gives me some peace, right to know that like, Okay, now I've kinda like I've gotten onto the track I've always wanted to be on now it's just the journey, and enjoy that ride and keep going forward and see where it takes you. The mindset work is everything, you know, it really is because you cannot be successful without adjusting your mind. It's, it's everything, it's the beginning and end of every moment is your, is in your mind. And you know, and your emotions are very heavily connected to that as well. I think that trading was a much more emotional thing for me than my current businesses. I don't have that kind of same emotional roller coaster, though I do have moments and days where I've got a really difficult customer or we've got a deadline that we're about to miss and I feel really bad about it. And you know, or if we get sometimes we get comments back from the permit offices about our plans, and I feel a little bit like shattered because it's like, man, like I'm trying to sell that we've got really good plans that are going to, you know, be very thorough and good. And to still get comments back from a permit office. It's like kind of like, it's like getting a test paper back from a school teacher and it's got a big, like, D-minus on it, you're like, gosh, you know, no, they're supposed to believe that I'm an A+ student, not a D- student. Right. So there's a little bit of that, but it's not the same as the emotional rollercoaster of trading because trading is just these ups and downs. And you know, and the other thing and we didn't really talk about this and and maybe one day in the future, but you know, the emotional side of it that resulted in some serious darkness, right and some serious like self doubt. And that's the part where looking back on it. I think it makes perfect sense that trading is maybe not right for me, like I don't know that I had the right mentality for it or the sensibility for it. But I do, I do have the right mentality and sensibility for what I'm doing right now. Like, like in you know, in spades, right? I mean, I've got the level of trust that I can build with people when I'm first talking about their homes and about the ideas that I have about their struck the structure or whatever. I know that a lot of why I'm being successful here is not just because of the network I've created, but also because of the, of my sales ability, right? My ability to kind of like meet people where they're at and speak to them about their home and not only give them ideas that they never would have thought of but also give them a confidence that Oh, this guy knows what He's talking about and he's, I'm gonna be safe with him. You know, as I joked one time with one of the contractors I work with, I'm like, I must have a trustworthy face because people people keep wanting to buy from me. But it's it's true, it goes a long way to be able to do that. And I wouldn't have that, that I wouldn't have that opportunity to use those sides of myself. If I was just sitting behind a trading computer all day.</p><p>Agnieszka  29:37  </p><p>The face wouldn't help there, no matter how friendly.</p><p>Zach  29:40  </p><p>No, yeah, so I think it's really, I'm really grateful for where I'm at now. And even if, even though I still, I mean, even still, there's still this little shred of hope that maybe one day I'll get back.</p><p>Agnieszka  29:55  </p><p>So, what is that little hope? Like? Hope for what? That you will find time or that you will make it work, what is it? Because you know, that part when you stop trading and you say, "Oh, I invested it." So, because that's what a lot of people say, "I invested so much money, I cannot stop now." But if you think about it like, you throw it away-that's one thing. But if you think "I have learned all these things, so I didn't really waste it. Right now I'm just taking the lessons with me." So, what is that hope?</p><p>Zach  30:24  </p><p>Yeah. So, well, first off, you were talking about the gamblers dilemma, right, which is like you've put so much you've invested so much money in something so much time and energy and effort that you feel like you can't, you cannot give it up now because like you've just, to throw it all away right? So, that's where that initial wave of like, dissatisfaction and disappointment and anger really comes into play. But it's a, I think, for me, it's also like, there's an element of I don't like to leave a stone unturned. Like I this is something I went out and tried to do, and I still want to be successful at it, you know, there's a little bit of that it's almost like a self-contest. But it's also because there is a, there is a glamour to that lifestyle that, like, even owning my own business and being successful as I am, I just am not... you don't get the same kind of level of like, "Oh, I have the ability to magically pull money out of the air, like whenever I want it." I mean, you know, my former coach, who I worked with prior to you, he still does it nice. Occasionally we'll see a clip of him doing something online on YouTube. And I'll just see, like, you know, he's like, you know, even sometimes I just see the title on his on the thumbnail, and it's like, $6,300 in the first 18 minutes. And it's just like, that's crazy, you know, that's so much money. And like, so that still works on me a little bit. But you know, at some level, that's a little like the Pavlovian dog, right? It's like a little bit of the bell ringing in me, like my mouth starting to drool, right? Like, that's really what's happening there is that I'm seeing this, somebody who's like, able to has that ability to just manifest this money right out of thin air. And it's magical. And there's part of me that still like is attracted to that. But I think a lot of it is that kind of psychological thing where you're just like, "Man, wouldn't it be amazing if I could just, you know, drill up some money like that, and go buy a brand new car." I mean, you know, the business I have now as much as I love it, and it's great. It's definitely a longer trajectory. I mean, I'm making a good living and but it's, it's not like we're not talking $6,000 a day, you know, that's, that's a different thing. And maybe one day, if I build this machine to some crazy thing, I've got multiple cities I'm doing maybe I've captured the whole Southeast, and doing plans in multiple states, I've got partners in various cities, maybe then I sell it for millions of dollars, right? I kind of mentioned that before. Great, that would be that would be awesome. If I can do that, then awesome. And that's sort of where my focus is now on it. But um, you know, there's still something magical about just being able to reach up and grab money out of thin air, right, like right through the computer screen. You know?</p><p>Agnieszka  32:56  </p><p>I sometimes wish that there was no videos like that. Yeah, you know that because it really creates such a wrong picture of what trading is, and brings a lot of people into trouble. And I always see, you know, coaching people as urgency because they have those dreams that they want to achieve, and then take their money... and they take their money and they put it into an account and then they lose it. And then now they're further from the dream that there were even before. And that's where I feel so much urgency of, you know, helping them.</p><p>Zach  33:34  </p><p>You know, when, when I remember, I was sitting in the car, and I sent you a voice message because I traded that day. And it was after our work together. And I had... it was like, I was doing pretty good for a couple weeks or something or maybe a week and a half, and then I had one real bad day where I just blew up my account. I was it was all simulated, but it was still I think I blew up my trading, you know, the gauntlet thing, right? And I send you a voice message and I was like, you know, man, like I don't know, this is so frustrating, whatever. And you, your response to me was, I don't remember exactly what you said. But it was something like take a break. It's okay, you know, and you gave me permission in a lot of ways to like, let it go for a little bit, I didn't realize at that moment that I was really letting it go for a much longer period of time. And, you know, like I said, Since then I've gotten back and I did a little bit more sim-trading, I had a new platform I was trying to get working and stuff. But, you know, as I guess, got busier and busier with the business, it became less and less of a reality to keep focusing on it, you know, and at some point, I just the stuff for the business became so big and important for me to focus on that I just really don't have time to trade is where I'm at now, but you know, that you gave me not only confidence through the trading course, but you also gave me confidence to to let go of it too, which was, maybe the more important part, you know, and so to what you're speaking to, that, you know, about helping people trade and stuff, part of what you're, you're doing, as well as helping people to realize that it may not be for you. But that doesn't mean it's the end of the world, you know, that doesn't mean that it's that all is lost, that you're you have the ability to take these skills and whatnot and transition it into something else. And that's possibly more important than just teaching somebody to become a successful trader. Because the reality is, I mean, being a successful trader is almost akin to being a professional athlete like that, you know, 99% of people fail at being a professional athlete. And most because they're not even capable of it, at least with sports, you kind of recognize if you're out of shape, or, you know, if you're only five foot three, and you wanna play basketball, it ain't gonna happen. But, you know, if you're a, you know, with trading, it's a little bit harder to see that because you it seemingly, anybody can do it. But the reality is, there's I think a very narrow spectrum of human beings that, where trading comes naturally and an even when the that's a very narrow spectrum, and maybe a slightly wider spectrum of people that if they do the right work, they can become good at it, you know?</p><p>Agnieszka  35:59  </p><p>That's a great metaphor by comparison, by the way, because when you want to become a professional athlete, you will definitely get a coach, right? People get into trading, and they think they can do it on their own. Or maybe they will read a few books and watch some YouTube videos, and then they become a professional trader. Isn't that interesting?</p><p>Zach  36:18  </p><p>Yeah, I know. And in fact, look at thinking back on it. I am shocked at how like silly it is to even believe and that I fell for that. Right. I mean, it's like, if there's anything I failed, that it was not seeing the forest for the trees in that way. But I'm still grateful for the experience. And, you know, sometimes you have to learn those lessons the hard way, but I don't, again, I don't consider any of my time trading as wastefulness. Like, yes, it was a lot of money. I mean, there was a lot of money lost 10 plus maybe 15 plus thousand dollars. And that's that was a lot for me at the time, especially. But it's, it was well worth the education, it was well worth the mindset shifts, and I wouldn't be where I am today, if it weren't for that. So it's, you know, it's all it's all good. </p><p>Agnieszka  36:57</p><p>Thank you so much Zach. I hope that showing that there can be many different ways that trading contributes to your life, was beneficial to all of you who are listening and maybe even release some pressure that many of you might feel every day at the trading desk.”</p><p>Zach  37:15</p><p>Sort of imagine what it must be like from your perspective, because like, obviously, we we chat here and there, but not often, maybe not as often as we should. It's sort of like when you when you see a relative, like a child who's growing up and then like you see them a few years later, like, Oh my God, you've turned into a man, you know, it's sort of the same sort of the same thing. Like, you know, that you've kind of gotten like these snapshots of my success story. And yeah, it's pretty cool. And I'm grateful to have the opportunity to share that with with others just because I you know, I'm proud of it. But also, I know what it felt like to be there on the other side, the other side of the glass, you know, and it makes me, I know that I always was fueled by those kinds of inspirational things, you know, and even though I'm not even where I really want to be eventually…</p><p>Agnieszka  38:02  </p><p>You are an inspiration already. </p><p>Zach  38:04</p><p>Yes, exactly. And even an inspiration to myself because there's some days that I look at what what what's how this is all formed in just a short amount of time and I'm, I find it remarkable. So, if I find it remarkable, maybe others do too.</p><p>Agnieszka  38:16  </p><p>Well, that brings us to the end of this episode. Thank you so much Zach, for joining us. </p><p>Zach  38:22</p><p>It’s been a pleasure speaking to you again and spending so much time with you. I cherish it. So, thank you.</p><p>Agnieszka  38:28 </p><p>Thank you so much for listening to the Confidence in Trading Podcast. If you enjoyed my show, please rate and review it on Apple podcasts. And be sure to subscribe, so you can come back for a real conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 5 May 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Ahead Coach LLC)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Zach Rubin is back on the podcast to share more details about how his time as a trader led him to success, but not at all in the way he imagined it would. Instead of learning how to pull cash out of thin air—as Zach describes his fantasy of the trading world—with successful thousand-dollar-a-day trades, he actually lost money. His losses led him to seek coaching from experienced traders, including Agnieszka. It was the powerful mind-shift methods that Agnieszka uses that led to Zach’s comeback career.</p><p>Zach credits his learning experience as a trader to his success as a business owner. Without learning to completely shift and reframe his mindset, he would never have developed the confidence to take the leap of faith to build the thriving business he has now. Zach’s biggest advice to new traders is to treat the profession as an athlete. Train consistently and hire a renowned coach like Agnieszka Wood. Zach hopes that listeners interested in trading learn from their mistakes and hire a coach right away rather than waiting until they fail to ask for help. And for those who decide trading is not their life’s passion, hopefully, his story of success provides inspiration. </p><p><strong>About Zach Rubin</strong></p><p>Zach Rubin is a successful entrepreneur, Architectural Designer, and Owner of Foundry House in Greater Atlanta. Zach discovered his passion for architecture while at Penn State University, where he excelled in drafting and architectural design. He continued his education at the Georgia Institute of Technology, graduating with a Masters from the College of Architecture.  </p><p>Zach’s interest in trading was sparked during the COVID-19 wave and he started trading the Nasdaq and S&P Futures. After many ups and downs on his trading journey and making an incredible leap in his personal growth, he was able to achieve his long awaited dream. </p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Zach Rubin | Foundry House Design: </strong></p><ul><li><a href="https://foundryhousedesign.com/">Website: foundryhousedesign.com</a></li><li><a href="https://www.pinterest.ca/foundryhousedesign/">Pinterest: @foundaryhousedesign</a></li></ul><p>--</p><p><strong>Transcript</strong></p><p>Agnieszka 0:00 </p><p>So today, my guest is Zach Rubin who you might remember from the very first episode of the Confidence in Trading podcast. Zach is a business owner, a husband and a father of two and a few weeks ago he shared with us the beginnings and the juicy details of his trading journey.</p><p>After many ups and downs and making an incredible leap in his personal growth, he was able to achieve his long awaited dream. And today he came back to tell us the rest of his story. And I can tell you that this is going to be good! So, stay tuned! And if you haven’t listened to the first episode yet, I strongly recommend you to do it, so you get the full picture!</p><p>Agnieszka 0:56</p><p>Hi, Zach. Welcome back!</p><p>Zach  0:57 </p><p>Hi, Agnieszka, thank you for having me.</p><p>Agnieszka 0:59</p><p>Last time we talked about how much work and effort you have put into making trading work for you. And how challenging it was especially on the emotional level. So, can you tell us how did your journey develop?</p><p>Zach  1:13  </p><p>I had a boss at one point. And we were driving to a retreat, which was a few hours away. And I just happened to be the one that was in the car with him. It was us two together, which was a bit of a, it was a good moment, right? Because I was able to kind of like, speak to somebody who was my superior in a confined space for a long time. And we got to the conversation of like, well, what do you want to do with kind of the, you know, what's your goals? What are your plans, and I kind of brought up to him, I said, "Well, I really wish I could have been, I really wish I could do architecture, you know, I mean, I just love construction and buildings." And I've worked in the construction fields. In fact, the company I was working for with this person, I was a facilities manager. So I was in charge of properties, and that required me to have a strong understanding of building systems and construction practices and whatnot, because I was constantly working alongside those people to to keep various properties around the country in operation. And I remember the boss, as he was talking, he said, "Well," he's like, "I'm sorry to tell you this Zach. But I think the boats, the boat has sailed for you on that." Because I was, you know, I'm in my late 30s have already gone to grad school. I didn't have a degree in any of this. But I had degrees that were associated with it just not the exact thing, right. So I kind of like, and this is something that I think I've had through my life anyway, when somebody tells me I can't do it, I suddenly get this gumption to say I'm gonna prove that person wrong. Right? It's just my nature. </p><p>Agnieszka  2:29  </p><p>So, so familiar. </p><p>Zach  2:31  </p><p>Yeah, so um, you know, I was kind of listening when I'm like it just like, I mean, it rang in my head for days that like, "I think the boat has sailed for you on this, I think the boat has sailed." I mean, it was like a montage of just like his face saying this to me over and over and over again. And it man did it wear on me. And shortly after that, I kind of made the decision to pursue a different career for a different company in, that would bring me closer to that goal. So I started applying to jobs to be an architectural designer, which you don't necessarily have to have an education in. But you have to have a skill set in. And because I had so much experience working in construction and everything else and had a graduate degree in design, industrial design, which is product design. I felt like, "Hmm, okay, let's take a chance." So I started applying to jobs that were for an architectural designer. And lo and behold, I ended up getting one and I interview really well. So it went really great. And I started working as a architectural designer for a company. And then I got furloughed because of COVID. And that's ultimately what kind of led me into the trading thing. But that experience is what sort of was my first foot into this into this arena. And then it wasn't until after I'd, I was coming off a furlough, I was looking for a new job about to take another architectural design job. And I get a call from an old boss who I'd worked with before in construction. And he's like, "Hey," he's like, "I need somebody to help me out, blah, blah, blah." And I'm like, "Look, I'm about to sign a contract to work for this other company." And he said, "Well," he's like, "the pay is not going to be as much, we're not going to be able to give you any of the benefits that this other company will. But you..." at the time I was trading. And he's, I said, he said, "but I'll let you have as much time as you want to do your trading just as long as you get the job done." And so I was like "Done, I'll take it," even though it like literally was 25,000, maybe 30,000 less in salary per year it was it was with a company I'd worked for in the past. So to some degree, I felt like I was moving, I was still I was falling backward, right? I wasn't progressing, I was moving backwards. But I took the risk because I wanted to continue trading. And then that position ultimately led me into the new opportunity of the partners there, that company decided that they wanted to create a new company to do interior design and cabinetry. And they said, We want to make you a partner .I was like "I'll take it, I'll do it." This was like the opportunity suddenly comes and this was right in January of last year. So this was right when we were still working together. But it was about the three quarter mark or so of our program together. And so it was like suddenly like oh my god, I have the possibility to be part owner in this new business. So I take it. Then one of the other partners, for the reason why he was a partner was because he had broken out, broken up with a partnership he had with another company that did architectural design. So now I said well, why don't we just do architectural design here in this company, since I have an interest in it and you have the experience for it. Let's just do it. So we started doing architectural design and I started learning how to put plans together and I already had the construction knowledge now it was just a matter of learning the software to do the actual, you know, architectural plans. So we started doing that. And about 10 months, or no not even, eight months into that partnership. Partnership with four people can be a little bit challenging and it definitely causes some friction and when everyone wants to be a leader, you know, it's not always going to work out. So one thing led to another and, and the decision was made that I would take a third of that business, the architectural component of that business and just take it off their hands, I created my own business with it, the amount of confidence that it took me for sure to decide in that moment, like, Okay, I'm going to leave the security of a job, I'm going to, I'm going to release my my shares of this partnership that, for all intents and purposes, was looking like it was going to be very successful. And I'm going to instead just do something that I'm not going to own 100% of, but there is no guarantee that I'm successful at this, and there's no going back. It's not like I can be like, oh, sorry, actually, can I get back into that partnership that ain't gonna happen. So I take the leap of faith, I start my own firm. And because of the network that I developed over the course of time, and the confidence that the newfound confidence that I had, and mindset, money, mindset, all of it, we just hit the ground running. And from... this is August of last year, until today, the company has brought in, I mean, hundreds of thousands in revenues, we've had over 30 customers, we've I've now I'm now designing people's houses that from scratch, like new construction, I mean, just you know, somebody calls me up, hey, we want to add on a piece of land, we want to build a house and I'm like, sure we can help you with that. So and you know, this is all from somebody that never went to architecture school, right and always wanted to and and honestly, like I said, previously, when I was in school, I wanted to go that path but didn't have the confidence to pursue it. So still, life has brought me back to this moment. And I honestly credit, the fact that I spent that time working on my mindset and my confidence because of trading. That ultimately is what resulted in this outcome. And for that, and I'm thankful and grateful for it, even if I never trade again.</p><p>Agnieszka  7:24  </p><p>That's a wonderful story. Thank you so much for sharing it, because it also shows how the universe has a plan, in a way,and kind of brings things onto your path. And all you need to do is just take it. Just take it and do it and you know, don't resist it. Sometimes it might be challenging, sometimes it might require confidence. But eventually if you do follow your your dream, because it was your dream at some point, right? You wanted to, you knew what you wanted to do. And there was not... trading wasn't as strong as that path. Right?</p><p>Agnieszka  8:08  </p><p>I remember when we started working. You were saying, "Yea, this is always what I always wanted to do."</p><p>Zach  8:10  </p><p>Yeah, exactly. Like if I was still trading today, I would possibly be still dreaming about being an architect and doing architectural design. Right. I mean, there's no doubt. So it's a, it is a remarkable thing of how it kind of worked out. And I don't think it was by accident. I think that this this ultimately happened because of the positions I put myself in because of the work that we did. And it you know, it's hindsight, they say "Hindsight is 20/20" but I think that you can look back on things and real and also make the realization that I would not be the person today capable of achieving that success. And literally getting to the place I always want it to be if it weren't for the steps that I took previously. And I think anyone is... I think this is possible for anybody, regardless of what, whether it's trading you want or something else, I think the important thing is, is to learn and know yourself. That's probably the number one thing even before you trade, try to spend time figuring out who you are, what you like, what drives you, what are your motivating factors, and not be afraid to pursue the things that maybe the boat has sailed on, or that you perceive the boat has sailed on. Because there's, there's no, that's only what somebody else may say, that's not necessarily the reality for you. You don't have to let it be the reality for you.</p><p>Agnieszka  9:27  </p><p>Yeah, yeah, totally. And that's, that's what I always call a strong "Why". You need to have a strong "Why." Why are you doing things? Why are they important to you. You have a vision. You have a mission in your life, because all those things will contribute to where you put your energy and effort and wherever you put your energy into that will give you the results. So after you went through this whole process, and you got through your emotional journey, how did the trading change for you?</p><p>Zach  10:04  </p><p>So, um… </p><p>Agnieszka  10:07  </p><p>Or I should say maybe how did trading change your life at that moment. What happened?</p><p>Zach  10:12  </p><p>What happened? Yeah, so what I came to realize, I think was that... At first it gave me confidence in who I am. It gave me a better grounding. In that kind of money mindset, the manifesting success type of thing. I worked on that a lot more I started to visualize and understand like, you know what, what's possible for me what's the future gonna hold. But ultimately, it resulted in me taking a major step away from trading. As much as I love the idea of trading, as much as I love the potential of what it has to offer to you. And the freedom that comes along with that, I slowly began to realize, while I took a break, like I should say, I first took a break more from a position of necessity, because if I continued down the path that I was just going to continue either revenge trading, or I was going to continue to, you know, just build this, this monster out of it, right? This thing that I'm constantly trying to overcome and really struggling to, to do so. And so I needed to take a break from it, because it just even through all the work that I've done, it just wasn't clicking as much as I wanted it to. So I take a take a step back. And through that break is really, I think, where I came to some new conclusions, which was that the work that I done working on my mindset, and all of that started to change my life outside of trading far more than it actually changed my life in trading. And that resulted in opportunity, new opportunities coming up in life and in business. And the way that I approached those opportunities changed because of this newfound sense of calm and this newfound sense of confidence, such that I was able to not only, I think, attract those opportunities, but I was able to capitalize on those capital opportunities. And now that I'm, I've not been trading now for, what, almost a year? Has it been that long? When did we Yeah,</p><p>Agnieszka  12:14  </p><p>Actually, you finished the program last year, end of January.</p><p>Zach  12:18  </p><p>End of January. Wow. So it's been over a year. Yeah, exactly. So, I ended up, so I put trading on pause, which was supposed to be a temporary pause and it turned into a more permanent pause. Partially because the rest of life started to improve, other than I had new, a new job opportunities, partnership opportunities with businesses that I was involved in, and then those partnership opportunities ultimately turned into me starting my own business, and ultimately creating the exact life I wanted. It just didn't involve trading. So who knew, right? And, you know, surprise, I ended up not becoming a trader. Now, I still carry the dream inside of me, if I'm being honest with you, I still think about trading periodically. I actually, at some point in the last year, I invested in a different trading platform that was making use of different type of chart style was a few $100. You know, I gave it a shot because I was like, kind of trying to keep the dream alive. The reality is, though, is that because of all these other successes outside of trading, my life has gotten so busy and so full that trading is become something that is almost unrealistic at this point. It's funny, because I'm like, my Work calendar, I still block out an hour and a half every morning from nine from nine o'clock till 10:30 for trading, it still says trading and every day I see a pop up on my calendar, like traded reading time. But I don't I don't trade because I have so much going on with all of these other businesses that I'm working on. And the success that I'm seeing in these areas is so rewarding to me, possibly more rewarding the trading ever would have been even though trading might have certainly how to become truly successful at it would have no doubt awarded me far more income. I mean, I'm still doing better than I ever have. But I mean compared to trading, which has massive upside potential. It's it's not even a comparison. But the value that I'm getting from the businesses that I own, and the the confidence that I'm building in myself, because I'm not only owning my own company and doing incredible work for the customers that I have and the product that we create. It's fulfilled me in ways that I think trading, I don't know the trading ever would have because at the end of the day, yes, being good trader will give you a lot of confidence and a lot of gratification, especially when you get to spend that money and drive around in your Lambo. But it's like it's the difference between being really good at something and being proud of that versus creating something that's much bigger than yourself that maybe has the potential to live beyond you. And I think that's where I'm at right now in life is I got this business, we do architectural design for customers, and it's related to the industry that I was had started in years ago, but have kind of worked my way into this new place and have a business now that is you know, doing doing incredible and is awarded me not only the freedom that I wanted, I mean to some extent I mean, like I spend an hour and a half working a day and then spend the rest of the day spending my money. It's more so that I have the freedom that I don't have a boss. I don't have a... if I want to take a vacation, I can take as much time as I want to as long as the work is still getting done. So, I, I've been able to capture a lot of these things that I think I always wanted. And I think that this experience of trading, struggling to learn how to trade working through my mindset and my confidence, and then coming out the other side, only to realize that maybe trading isn't exactly what I want to do with my life has still created the life that I ultimately wanted. And it's a remarkable thing.</p><p>Agnieszka  15:45  </p><p>Congratulations, I'm really so happy to hear that. And you know, I exactly remember the moment when it all started to kind of show itself in your life, all these opportunities, and the moment where you came and you said, this is incredible. And, you know, I got this offer to become a partner, and then things just started to roll from there, and you're so much more grounded and confident to actually go for it. And you know, not question it, but just take what the universe was giving you. </p><p>Zach  16:21  </p><p>When you you know, the, a lot of the work that we did together ultimately helped me to learn how to manifest the future I wanted the life I wanted. And trading is sort of a means to an end to some degree, it's a, it's a, something that you do to be able to make a ton of money so that then you can enjoy life, right? It's one of the it's like a step on the path to your actual goal, which is to gain freedom or financial wealth, or private jet or whatever. But most people who I see who end up trading, ultimately don't do it for the rest of their lives. They do it for a part of their life, maybe they build a bunch of capital, but they almost always either invest that money wisely, create passive streams of income, buy businesses that they operate, and it ultimately becomes a means to an end. It's rare that you find somebody who gets into trading and it becomes their lifestyle, their life and their business. And that's all they do. You know, there are definitely people like that and all the power to them, if you can, you know, I always equated trading to like, it's as if there's a stream of money that's floating above your head in this cloud. And if you're good enough at it, you can just reach up and just grab stacks of cash, just like just grabbing stacks of cash. It's unbelievable. That was the thing that ultimately attracted me to it. I used to say that all the time, like it's magic. It's like money magic, right? And that's great. But the fulfillment end of it, you know, yeah, it's you and the computer. And I think for me now, like I have this business, I've got, now, ambitions that are like, wow, what if I create this business and open up different cities, and I'm able to start building a much bigger brand. I mean, I just the other day bought the web address for my business for $2,000. I never thought I would buy a website, even my wife is like you spent how much on what? On like, something you can't even hold. And I'm like, Yeah, I know, it sounds crazy. But, and like, the me a year and a half ago, if you said like Zach, a year and a half from now you're gonna spend two grand on a URL, I'd be like, there's no way, like, who makes a decision like that? And now I'm doing it with like, not only like, this is an obvious no brainer, because this is how I, I'm going to, you know, launch myself into this new direction with this business to turn it more into a brand and more into a, into a larger company that that maybe one day I can sell for, you know, 10 or $20 million, maybe, I mean, that's sort of, that's where my head's at now. Whereas before, it was just, you got to learn how to trade so you can make three grand a day or whatever. And now it's like, you know, these new horizons that have I've never thought of before, and it's a different experience, but I'm so grateful for the fact that I got involved in trading, not only to learn about markets and learn about trading is just a as a skill set. And as a technical element of it, it's been, it's been educational in so many other ways. But also, more so really, that mindset, self control, discipline, all of that is connected, you know, and it's affected me not only in the sense of, of my career and business and all that but it's affected me in my health, I've changed the food I eat, I have more confidence in and more confidence in my level of discipline that I can attain for myself. And you know, I mean, I'm, I've lost weight, I've increased my salary I've been, I'm building a machine now like a business that has the potential to grow and expand for the future. My family life is better, you know, I'm able to work from home all the time now. So I get to see my kids multiple times a day, but sometimes it's too much because they're, they're five and two. So, you know, once I see them, I can't like pry them off me so I can get back to work. But I get to be with them a lot. And I don't have to go into an office anymore. And this is all tremendous. You know, this is I have the life I want because of trading, but ironically, it did not include trading. So.</p><p>Agnieszka  20:07  </p><p>Yes, that is wonderful. That's pretty amazing that you actually, you can say you achieved that with trading, but not with the money you made from trading.</p><p>Zach  20:20  </p><p>So in a way it still was a means to an end. It just wasn't the end I had in mind. So I think it's important, I think, as people listening to this, is, first, do your best to try to be a good trader, right? Do do take all those steps because I wouldn't have what I have, if I didn't go through all the steps, right? I wouldn't, I wouldn't be where I am, had I given up on trading, I'd probably be still working a nine to five in some office somewhere with a boss who I couldn't stand and the freedom I didn't have, right. So I'm glad that I went through that process. And, you know, I invested a lot into it, not only the money that I ultimately lost in the market, but the money I spent on great coaches and, and books and things to read. And that was all part of the part of the plan in a way, you know, and it ultimately got me to where I am now. So I recommend that you still focus on that. But most of all, focus on your mindset. Because even if trading doesn't work out, your mindset is something that changes, the rest changes you for the rest of your life. And having that experience will is fundamental, it will fundamentally change who you are and how you interact and the people you surround yourself with and, and that ultimately relates to the kind of success that you'll have, whether it's in trading or not. So pursue it. Regardless, just be careful. Don't put all your eggs in one basket, be willing. And I think also you mentioned this, be willing to see the trading might not be for you. But still, don't be depressed about it still see the value. And this took me some time to kind of like get here to still see the value of that experience. Because it's very easy to fall into that despair, once you make that final decision. Like, okay, I'm putting down the, I'm putting it down, I'm not trading anymore, you will feel that overwhelming wave of I am a complete failure. I've wasted how much money you know, and you start doing the math it becomes depressing. But just know, yeah, it's not the end of the story. You know, you can continue on and the skills and mindset, you know, that you've now developed over the course of this has truthfully changed your capability for success.</p><p>Agnieszka  22:20  </p><p>So in a way it is, it is realizing your dream, not necessarily a dream to trade, which again, not many people have a dream to trade, but they just want to realize their dream. But then somehow it gets all mixed up into “my dream is to make money.” That's where it goes south.</p><p>Zach  22:37  </p><p>There was a moment when... I want to explain what it felt like to finally make it to the to the point of success, because this is I think the part that keeps people's dreams fueled, right in the same way that sometimes some of the content on YouTube regarding trading, sometimes alludes to. There was a moment where you know that like when you're like a the the idea, the image I get in my head is like when you're a kid and you're looking through the glass window of a storefront and you see maybe it's a toy, or, you know, cakes and pastries or something that you just can't you want to want to have. Yeah, but maybe you're you're you don't have the money, you don't have, you know, the means whatever, for whatever reason, you can't access what's on the other side of the glass. And there was a moment when, you know, my wife and I were sitting down at night, and it was after we'd created the business and we started seeing some initial success in the first few months. Like in the first three months, I think we already had, you know, 15 projects or something. And we'd already collected $100,000 or something and just a few months and it was just like wow, like this is incredible. And we were actually paying ourselves like salaries that were greater than ever before and, and doing all that and I remember looking at my wife and I said it just like struck me and it just I just said to her, I said "I'm on the other side of the glass." I said "that's what I feel like I'm on the other side of the glass for the first time right I'm there, I'm there. I've got it in my hands like the freedom that I always wanted. The ownership of my own means of resources is now there. I have it all, right? I've gotten there, I've got I've made it to the other side of the glass." And I mean, I started crying for us, because I was just like, oh my god, like, I've been wanting this for so long for so many years. And, and here I am, you know, and that feeling, it just washes over you and you just feel like, wow, there it is that, you know, all of those years of struggling all those years of uncertainty, they're finally here. So keep that in your mind. </p><p>Agnieszka  24:39  </p><p>You gave me goosebumps.</p><p>Zach  24:42  </p><p>Yeah, I know, well, it's powerful. Because it's, we all have that I think we all have those things in life that we want to, that we dream about, whether it's trading or not, there's all this dream of what life could be. That's the dream is always seemingly on the other side of the glass. But one day, you do make it there. If you play your cards, right, and you work on yourself in the right ways, and you keep pursuing the opportunities as they come, you'll get there. And when you do, you'll find yourself on the other side of the glass. And the feeling is remarkable. And it doesn't mean that everything becomes easy all at once. In fact, maybe your stresses are greater and you've got more responsibilities. Now I've got mouths to feed, right? I've got employees who are relying on me to continue the business and to grow it so that they can also see success in their lives. And that's a tremendous amount more, you know, stress and things to worry about and concerns. But I'm so grateful for, for the fact that I'm here, able to do what I'm doing and to have to have access to those things that I've created.</p><p>Agnieszka  25:43  </p><p>Tell me. Tell me with all the responsibility that you have now do you have more sleepless nights than when you had when the trading wasn't working out?</p><p>Zach  25:52 </p><p>Great question. So in addition to working on mindset, and other things, I've also worked on my health and my sleeping abilities and stuff, you know, my wife is really has a lot of she has a lot of responsibility on this for me, because she pushes me, it's almost like I have a full time coach as a wife, because she's constantly getting me to focus on on on these other things and constantly pushing me toward getting new coaching. Like I'm currently with a coach right now for fitness and nutrition. Like and, you know, I just, I think part of it too, is because of all the experiences I've had working with you and other coaches, it's made me realize, like, there's nothing better than having a good mentor and a good coach to work with on anything that you might be tackling. And so yeah, so I'm working through that. And so I'm sleeping better, maybe, maybe not so much because I have less stress, I think I actually probably have more stress in my life, different kinds of stress. But I'm sleeping better because I've worked on those things worked on habits and I've also worked on or I should say, having, knowing that I've attained those things that I've wanted to do already gives me some peace, right to know that like, Okay, now I've kinda like I've gotten onto the track I've always wanted to be on now it's just the journey, and enjoy that ride and keep going forward and see where it takes you. The mindset work is everything, you know, it really is because you cannot be successful without adjusting your mind. It's, it's everything, it's the beginning and end of every moment is your, is in your mind. And you know, and your emotions are very heavily connected to that as well. I think that trading was a much more emotional thing for me than my current businesses. I don't have that kind of same emotional roller coaster, though I do have moments and days where I've got a really difficult customer or we've got a deadline that we're about to miss and I feel really bad about it. And you know, or if we get sometimes we get comments back from the permit offices about our plans, and I feel a little bit like shattered because it's like, man, like I'm trying to sell that we've got really good plans that are going to, you know, be very thorough and good. And to still get comments back from a permit office. It's like kind of like, it's like getting a test paper back from a school teacher and it's got a big, like, D-minus on it, you're like, gosh, you know, no, they're supposed to believe that I'm an A+ student, not a D- student. Right. So there's a little bit of that, but it's not the same as the emotional rollercoaster of trading because trading is just these ups and downs. And you know, and the other thing and we didn't really talk about this and and maybe one day in the future, but you know, the emotional side of it that resulted in some serious darkness, right and some serious like self doubt. And that's the part where looking back on it. I think it makes perfect sense that trading is maybe not right for me, like I don't know that I had the right mentality for it or the sensibility for it. But I do, I do have the right mentality and sensibility for what I'm doing right now. Like, like in you know, in spades, right? I mean, I've got the level of trust that I can build with people when I'm first talking about their homes and about the ideas that I have about their struck the structure or whatever. I know that a lot of why I'm being successful here is not just because of the network I've created, but also because of the, of my sales ability, right? My ability to kind of like meet people where they're at and speak to them about their home and not only give them ideas that they never would have thought of but also give them a confidence that Oh, this guy knows what He's talking about and he's, I'm gonna be safe with him. You know, as I joked one time with one of the contractors I work with, I'm like, I must have a trustworthy face because people people keep wanting to buy from me. But it's it's true, it goes a long way to be able to do that. And I wouldn't have that, that I wouldn't have that opportunity to use those sides of myself. If I was just sitting behind a trading computer all day.</p><p>Agnieszka  29:37  </p><p>The face wouldn't help there, no matter how friendly.</p><p>Zach  29:40  </p><p>No, yeah, so I think it's really, I'm really grateful for where I'm at now. And even if, even though I still, I mean, even still, there's still this little shred of hope that maybe one day I'll get back.</p><p>Agnieszka  29:55  </p><p>So, what is that little hope? Like? Hope for what? That you will find time or that you will make it work, what is it? Because you know, that part when you stop trading and you say, "Oh, I invested it." So, because that's what a lot of people say, "I invested so much money, I cannot stop now." But if you think about it like, you throw it away-that's one thing. But if you think "I have learned all these things, so I didn't really waste it. Right now I'm just taking the lessons with me." So, what is that hope?</p><p>Zach  30:24  </p><p>Yeah. So, well, first off, you were talking about the gamblers dilemma, right, which is like you've put so much you've invested so much money in something so much time and energy and effort that you feel like you can't, you cannot give it up now because like you've just, to throw it all away right? So, that's where that initial wave of like, dissatisfaction and disappointment and anger really comes into play. But it's a, I think, for me, it's also like, there's an element of I don't like to leave a stone unturned. Like I this is something I went out and tried to do, and I still want to be successful at it, you know, there's a little bit of that it's almost like a self-contest. But it's also because there is a, there is a glamour to that lifestyle that, like, even owning my own business and being successful as I am, I just am not... you don't get the same kind of level of like, "Oh, I have the ability to magically pull money out of the air, like whenever I want it." I mean, you know, my former coach, who I worked with prior to you, he still does it nice. Occasionally we'll see a clip of him doing something online on YouTube. And I'll just see, like, you know, he's like, you know, even sometimes I just see the title on his on the thumbnail, and it's like, $6,300 in the first 18 minutes. And it's just like, that's crazy, you know, that's so much money. And like, so that still works on me a little bit. But you know, at some level, that's a little like the Pavlovian dog, right? It's like a little bit of the bell ringing in me, like my mouth starting to drool, right? Like, that's really what's happening there is that I'm seeing this, somebody who's like, able to has that ability to just manifest this money right out of thin air. And it's magical. And there's part of me that still like is attracted to that. But I think a lot of it is that kind of psychological thing where you're just like, "Man, wouldn't it be amazing if I could just, you know, drill up some money like that, and go buy a brand new car." I mean, you know, the business I have now as much as I love it, and it's great. It's definitely a longer trajectory. I mean, I'm making a good living and but it's, it's not like we're not talking $6,000 a day, you know, that's, that's a different thing. And maybe one day, if I build this machine to some crazy thing, I've got multiple cities I'm doing maybe I've captured the whole Southeast, and doing plans in multiple states, I've got partners in various cities, maybe then I sell it for millions of dollars, right? I kind of mentioned that before. Great, that would be that would be awesome. If I can do that, then awesome. And that's sort of where my focus is now on it. But um, you know, there's still something magical about just being able to reach up and grab money out of thin air, right, like right through the computer screen. You know?</p><p>Agnieszka  32:56  </p><p>I sometimes wish that there was no videos like that. Yeah, you know that because it really creates such a wrong picture of what trading is, and brings a lot of people into trouble. And I always see, you know, coaching people as urgency because they have those dreams that they want to achieve, and then take their money... and they take their money and they put it into an account and then they lose it. And then now they're further from the dream that there were even before. And that's where I feel so much urgency of, you know, helping them.</p><p>Zach  33:34  </p><p>You know, when, when I remember, I was sitting in the car, and I sent you a voice message because I traded that day. And it was after our work together. And I had... it was like, I was doing pretty good for a couple weeks or something or maybe a week and a half, and then I had one real bad day where I just blew up my account. I was it was all simulated, but it was still I think I blew up my trading, you know, the gauntlet thing, right? And I send you a voice message and I was like, you know, man, like I don't know, this is so frustrating, whatever. And you, your response to me was, I don't remember exactly what you said. But it was something like take a break. It's okay, you know, and you gave me permission in a lot of ways to like, let it go for a little bit, I didn't realize at that moment that I was really letting it go for a much longer period of time. And, you know, like I said, Since then I've gotten back and I did a little bit more sim-trading, I had a new platform I was trying to get working and stuff. But, you know, as I guess, got busier and busier with the business, it became less and less of a reality to keep focusing on it, you know, and at some point, I just the stuff for the business became so big and important for me to focus on that I just really don't have time to trade is where I'm at now, but you know, that you gave me not only confidence through the trading course, but you also gave me confidence to to let go of it too, which was, maybe the more important part, you know, and so to what you're speaking to, that, you know, about helping people trade and stuff, part of what you're, you're doing, as well as helping people to realize that it may not be for you. But that doesn't mean it's the end of the world, you know, that doesn't mean that it's that all is lost, that you're you have the ability to take these skills and whatnot and transition it into something else. And that's possibly more important than just teaching somebody to become a successful trader. Because the reality is, I mean, being a successful trader is almost akin to being a professional athlete like that, you know, 99% of people fail at being a professional athlete. And most because they're not even capable of it, at least with sports, you kind of recognize if you're out of shape, or, you know, if you're only five foot three, and you wanna play basketball, it ain't gonna happen. But, you know, if you're a, you know, with trading, it's a little bit harder to see that because you it seemingly, anybody can do it. But the reality is, there's I think a very narrow spectrum of human beings that, where trading comes naturally and an even when the that's a very narrow spectrum, and maybe a slightly wider spectrum of people that if they do the right work, they can become good at it, you know?</p><p>Agnieszka  35:59  </p><p>That's a great metaphor by comparison, by the way, because when you want to become a professional athlete, you will definitely get a coach, right? People get into trading, and they think they can do it on their own. Or maybe they will read a few books and watch some YouTube videos, and then they become a professional trader. Isn't that interesting?</p><p>Zach  36:18  </p><p>Yeah, I know. And in fact, look at thinking back on it. I am shocked at how like silly it is to even believe and that I fell for that. Right. I mean, it's like, if there's anything I failed, that it was not seeing the forest for the trees in that way. But I'm still grateful for the experience. And, you know, sometimes you have to learn those lessons the hard way, but I don't, again, I don't consider any of my time trading as wastefulness. Like, yes, it was a lot of money. I mean, there was a lot of money lost 10 plus maybe 15 plus thousand dollars. And that's that was a lot for me at the time, especially. But it's, it was well worth the education, it was well worth the mindset shifts, and I wouldn't be where I am today, if it weren't for that. So it's, you know, it's all it's all good. </p><p>Agnieszka  36:57</p><p>Thank you so much Zach. I hope that showing that there can be many different ways that trading contributes to your life, was beneficial to all of you who are listening and maybe even release some pressure that many of you might feel every day at the trading desk.”</p><p>Zach  37:15</p><p>Sort of imagine what it must be like from your perspective, because like, obviously, we we chat here and there, but not often, maybe not as often as we should. It's sort of like when you when you see a relative, like a child who's growing up and then like you see them a few years later, like, Oh my God, you've turned into a man, you know, it's sort of the same sort of the same thing. Like, you know, that you've kind of gotten like these snapshots of my success story. And yeah, it's pretty cool. And I'm grateful to have the opportunity to share that with with others just because I you know, I'm proud of it. But also, I know what it felt like to be there on the other side, the other side of the glass, you know, and it makes me, I know that I always was fueled by those kinds of inspirational things, you know, and even though I'm not even where I really want to be eventually…</p><p>Agnieszka  38:02  </p><p>You are an inspiration already. </p><p>Zach  38:04</p><p>Yes, exactly. And even an inspiration to myself because there's some days that I look at what what what's how this is all formed in just a short amount of time and I'm, I find it remarkable. So, if I find it remarkable, maybe others do too.</p><p>Agnieszka  38:16  </p><p>Well, that brings us to the end of this episode. Thank you so much Zach, for joining us. </p><p>Zach  38:22</p><p>It’s been a pleasure speaking to you again and spending so much time with you. I cherish it. So, thank you.</p><p>Agnieszka  38:28 </p><p>Thank you so much for listening to the Confidence in Trading Podcast. If you enjoyed my show, please rate and review it on Apple podcasts. And be sure to subscribe, so you can come back for a real conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="44175225" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/68d53776-6cba-459e-980c-935acd097df4/audio/bd7f21c9-81bc-45cf-b0c5-73851c8880ef/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>To Trade or Not to Trade</itunes:title>
      <itunes:author>Ahead Coach LLC</itunes:author>
      <itunes:duration>00:39:07</itunes:duration>
      <itunes:summary>Zach Rubin is back on the podcast to share more details about how his time as a trader led him to success, but not at all in the way he imagined it would. Instead of learning how to pull cash out of thin air—as Zach describes his fantasy of the trading world—with successful thousand-dollar-a-day trades, he actually lost money. His losses led him to seek coaching from experienced traders, including Agnieszka. It was the powerful mind-shift methods that Agnieszka uses that led to Zach’s comeback career.</itunes:summary>
      <itunes:subtitle>Zach Rubin is back on the podcast to share more details about how his time as a trader led him to success, but not at all in the way he imagined it would. Instead of learning how to pull cash out of thin air—as Zach describes his fantasy of the trading world—with successful thousand-dollar-a-day trades, he actually lost money. His losses led him to seek coaching from experienced traders, including Agnieszka. It was the powerful mind-shift methods that Agnieszka uses that led to Zach’s comeback career.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>4</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">42d55b7b-39b4-47ee-b6b2-01812c938543</guid>
      <title>Trading for a Living</title>
      <description><![CDATA[<p>Gary Portugal talks to Agnieszka about his core beliefs on finding success in trading, and it has nothing to do with quick wins large amounts of capital. For Gary, trading is a process that requires an honest look at yourself, learning from mistakes, and evolving the process over time. Everyone makes mistakes when they first start trading. It's how you handle those mistakes and grow from your experience that sets the professionals apart. </p><p>With decades of experience in trading and working for large financial institutions, we hear Gary share the valuable lessons he learned and his philosophy on getting better at trading: train, learn from your mistakes, get a second opinion on your process, work on your  confidence and patience, and continuously refine your system. Gary's biggest advice is to embrace changes and make peace with being wrong.</p><p><strong>About Gary Portugal</strong></p><p>Gary Portugal began his FX journey in New York in the 1980s as a spot G10 Market Maker, before specializing in European Monetary System currencies in the 90s. After the creation of the Euro in 1999, he transitioned to trading emerging market currencies and to developing a spot FX e-commerce business at a major financial institution in London. He then spent a decade at a proprietary trading group as a market-maker in emerging market currencies to various electronic currency networks. He now trades and invests independently across all asset classes.</p><p><strong>Resources discussed in this episode:</strong></p><ul><li><a href="https://tradingolivervelez.com/home/"><i>Oliver Velez</i></a></li></ul><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Gary Portugal:</strong></p><ul><li><a href="https://www.linkedin.com/in/gary-portugal-247ba4b/">LinkedIn: Gary Portugal</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>Agnieszka  0:00  </p><p>I'm Agnieszka Wood and on today's show, I'm very excited to introduce my very special guest, Gary, Portugal. Gary has been a professional trader for 35 years. And now he's still trading mostly on a swing basis, and also managing his investments. I asked Gary to join us today to discuss his point of view on the topic that most traders are wondering about all the time. Will I ever make it? Welcome to episode number three, Trading for a Living. Hi, Gary, and welcome to my podcast.</p><p>Gary  0:35  </p><p>Thank you so much, Agnieszka, I hope that I pronounced that right. Yes, I think, yes. </p><p>Agnieszka  0:38  </p><p>Yes, you absolutely did. Wonderful. </p><p>Gary  0:42  </p><p>First attempt, wow.</p><p>Agnieszka  0:43  </p><p>Yeah, you're very good at it. Gary, you started in 1983, as a commodity and foreign exchange trader in New York, worked all the way up to become a head of European Monetary System, currency trading desk in London. And finally became a wealth management consultant. Not long before you decided not to work for anyone else, and trade for yourself. That's pretty much the dream of most traders, right, to quit their job and trade for a living.</p><p>Gary  1:14  </p><p>Absolutely right, to be able to pick and choose when you work. </p><p>Agnieszka  1:19  </p><p>Exactly how to spend your time, right? Nobody's gonna tell me what to do. Tell me with all your professional experience in trading, I'm sure you were able to make consistent profit long before you actually started for yourself. What made you wait? How come you didn't make that decision to start trading for yourself years earlier?</p><p>Gary  1:40  </p><p>I think to be fair, most of my career was spent market making. And then as part, as part of the market making, I could indeed take some proprietary risk, but there was a certain amount of income that I was able to generate from market making. And then I could leverage some of that to take proprietary trading risks, as well. And then as markets, particularly say, from 2000 onwards, and even more so from the financial crisis onwards. FX markets, and I think all assets, in all asset, came increasingly automated, electronic, and it became more difficult to compete, basically, as a market maker, foreign exchange and in particular, it became clear to me that I would have to probably rely less on market making income, and more on taking proprietary risk. And then I just reached a point where, as we said, off air before, I felt like I'd have a better chance of making money, if I could trade more selectively. As opposed to necessarily trading every hour of every day, if I could pick and choose my moments, and then maybe take more risk. In those instances, even if that meant doing nothing for two or three days after that, but I'd have a better chance of succeeding. And I think also, I reached the conclusion that I was more likely to succeed, taking risks myself, if I was doing it rather than day trading more of a, on a swing trading basis. In other words, seeing if I could pick out a trend that I felt might last a week, two weeks, maybe even a month, mainly a foreign exchange, but also in equity markets, interest rate markets, and commodities, but the key was trying to see if I could envision a move that would happen over time. And, and capture, not necessarily all of that, but at least a reasonable chunk of that, as opposed to just trying to day trade every day. And I just felt like the best way for me to do that. And trade sensibly, rationally, was just, you know, trading my own money. I mean, it's scary in a way in that if you, if you lose, it's, you know, it's your capital, it's not your employer’s capital. But the upside is, you know, you really do trade as and when you think it makes sense to trade. And not just because oh, I’ve gotta pay my boss, you know, to pay for these computers that I've rented. I've got a, I got to pay for my brokerage and for my charting service. And so, that's basically how I ended up in doing what I’m doing now. Now, it's, to be fair, it's been a transition. Yeah, it means in some ways, it's a lot. And I still love the markets. But in some ways, it's a lot less exciting than it was, you know, being on the market and making bets where you're literally in and out of the market all the time. And where you felt there was necessarily there might have been opportunity every day, this is different, I'm more happy. So, there may be a handful of times during the week where I have a really strong feeling about where the market is gonna go. And not only that, but I think that the move is going to be meaningful, so, I can really get something out of it.</p><p>Agnieszka  4:57  </p><p>Oh, that’s so interesting. So, It's actually you sort of, you're trading less than when you were.</p><p>Gary  5:04  </p><p>Much less, I mean, the biggest difference is the frequency is way less. And that is, that has been so difficult to adapt to, it's taken me time, and yah I'm getting better at it, I'm still, I'm still adapting, because part of me, will never totally let go of what it was like, you know, to be active. It was like, it was fun. It was it, you know, I've thoroughly enjoyed that. But this is, this is totally different. It's not market-making, and it's not even short-term proprietary, you really gonna have to be taking somewhat of a view, well beyond just the next 24 hours. I'm not saying that there isn't scope for, for some short-term trading, of course, but I think on balance, you're gonna make more if you're looking to capture bigger moves, and not necessarily doing the micromanaging, that you do on a market making desk or elsewhere.</p><p>Agnieszka  6:01  </p><p>Yeah, I can compare it to when I day trade, you know, and I evaluate and look back at the bigger picture of, you know, the moment in time that I trade a momentum stock, and then I look at the bigger move. It's just so revealing, like how much you can make yourself, you know, emotional and crazy about this little move on, I don't know, five minutes or one-minute chart? Well, in a bigger picture, you think if I would just get in here and stay for a few days, I would not lost all my emotional capital, and I would have much more money. You know.</p><p>Gary  6:37  </p><p>Absolutely. I mean, you hit on. And that's a great phrase, emotional capital, which I think is overlooked. Yes, obviously, we all do this, to make money, we want to be profitable doing it. But there's, there's emotional capital that you expend as well. And you have to make sure that that's being used wisely, that you're not just burning yourself out or spinning your wheels. And the biggest reward, I don't think and, obviously, there are exceptions. But generally speaking, I don't think it's reward, it's gonna come fly, be able to predict the next hour's move, the next five minutes of me, you can drive yourself crazy doing that, unless you're doing that in very significant size, I'm not sure that it's going to really be that productive anyway. Whereas, if you're, if you see a bigger moves in whatever it is, whether it's Tesla, whether it's a currency or whatever, and you're not rushing yourself to make the money within 24 hours and saying, Oh, the P&L has to be made by Tuesday morning. If there isn't that sort of time limit on, I think you have a greater chance of success. In other words, because the move doesn't happen immediately, doesn't mean that it's not going to happen. And because it hasn't happened by the end of the trading day doesn't mean that you should take the risk off either. And so yes, that's kind of a place I got to eventually, but literally trading less frequently was much more productive. And then trying to couple that with what I have, you know, less frequently meeting when I really have strong conviction. And then backing myself, trying to back myself accordingly, instead of just trading elective with a normal size might be if I have like an idea or hunch or whatever, actually trading over and above that, a bit more, because I really have a high confidence level. And because I know that I've been disciplined, and stayed away from a lot of what I call the garbage trades, of you stay away from the junk, and you have more, both actual capital and emotional capital, to invest when it counts, and I think you almost feel psychologically entitled to it. And so you know, what, I've been, been good, I haven't wasted it on on junkie trades, I’ve been patient, this is what I've been looking for. And we're gonna do this. And If it doesn't work, you know, that's okay, you're allowed to get it wrong, you'll have to get out of the mistake, if you make a mistake. Because if you take time, if you have 10 trades provided at the risk-reward ratio, which I haven't really gotten into yet here, but provided the risk-reward ratio is good enough. I mean, it's not easy, but my preference is to look for three-to-one. And if you, if you're looking to make three times what you're risking, it's really an incredible figure. If you do the math, you can actually be wrong 70% of the time, and still, make money. So, it's not in my opinion, it's not about being right like all the times, of course, we all want to be right as often as we can, but that's not the requirement.</p><p>Agnieszka  9:46  </p><p>Yeah. And that's what actually stands us in a way, right? Trying to be right all the time.</p><p>Gary  9:51  </p><p>Exactly. And I think this is where, you know, you can get into, can get into trouble. Whereas, if you're trading less frequently and then if, if you're really focusing on those higher quality trades, or hopefully you're going to be making three times what you're risking, I just think you're in a, you're in a much better place. I think the difficulty that a lot of people have with that is that if they feel that they're sitting, they’re sitting on their hands, they might feel like they're doing nothing. They're not being productive. </p><p>Agnieszka  10:19</p><p>Exactly. That doing thing, right? </p><p>Gary  10:21</p><p>I can’t make money if I'm not, if I'm not in the market.</p><p>Agnieszka  10:27  </p><p>Yes and this is exactly you're hitting on the points that I, they might seem so obvious, right, but they are so deep in our belief system, how we achieve success, how we make money, like we have to do something.</p><p>Gary  10:41  </p><p>Exactly. Those words, we have to do something.</p><p>Agnieszka  10:44  </p><p>Yes, hard work means more money, but in trading, it is the exact opposite,, I like to compare it to fishing, if you go fishing, you just sit there and wait for the fish to come to you, you're not jumping into the water running behind the fish, right? And you have no guarantee and no idea if you're actually gonna catch something. But once you catch something, then you take action, right? So, what I wanted to ask you, from a professional trader point of view, right? Do you think it is realistic to think that trading for a living is actually possible for regular people, like, you know, retail traders? Or is it just a dream? Like, if you, if you look from the perspective of like you worked professionally, so many years? Are retail traders being seen as like, what, what are you trying to do?</p><p>Gary  11:35  </p><p>I think the way I would describe this, I think it's, I think it is possible. But I think that it's only possible, if you're prepared to quit to take quite a bit on onboard in terms of discipline, in terms of preparation that you need to do. If you're prepared to take on things like mindset. And I would argue that a lot of people aren't prepared to do that, that extra work, that to me is the real work. Being able to maybe sit in front of a screen and read and learn, do some research, you know, put some thoughts together, actually not trade, I think to make money, a lot of what you have to do is it can sometimes be very unsexy. But I think it's not going to be for it. It's not going to be for some people because of that. In other words, for anyone who thinks that the route to doing this profitably is like, as you suggested, just trading constantly and equating trading constantly with working hard. That's not the case. And I think that there are a lot of people who will fall in or fit into that category. So, realistically speaking, I would say probably, you know, for the majority of people, it's not realistic. And when I say majority, I'm not saying that 90% of the people are going to fail, I don't, I don't think it's that. We all know what the statistics are about strengthening platforms and how many people lose money. But maybe a more positive way of phrasing it is that, if you are prepared to have a process and work on improving that process, and operate with discipline, both maybe in trading and other aspects of your life, that that's not going to guarantee you of success, but that's going to, that's going to increase the likelihood of success. And then getting back to what we've said before, is the element of time. In other words, if you have time on your side, if you're able to allocate a period of even years to get good enough. That I think, can work. The issue is that for many people that, that isn't realistic, they need income now, they can't just give up their day job. And then so I'm gonna spend the next three years, you know, barely or barely covering my costs, they have to live, they have to eat. That's why I think for a lot of people, it may not be realistic. If you can do it in the beginning, such that it's a supplement to your income rather than maybe being wholly dependent on it. I think that increases your odds of success. But, I mean, I don't think there's any quick route and that's the other thing. Anybody entering this, if you're looking for a quick route, it's not going to happen unless you have tremendous natural talent and of course, there are people like that. I think they are the exceptions. </p><p>Agnieszka  14:35  </p><p>It happens, right? A little bit of luck, a little bit of talent, sometimes it happens. But I think the success doesn't lay in the, you know, the first lucky trades or the first money you make, it's really in keeping that money.</p><p>Gary  14:49  </p><p>Absolutely right. I think if you're, if you're willing to invest in a process of some sort, and that can be your own process, or a process that you develop, in combination with somebody, whether it's someone like yourself or someone else, that you have a better chance, because I think the success will come from a process that's refined and improved and developed over time. And, and the process is not something you just read a book and say, right, here's my process.</p><p>Agnieszka  15:21  </p><p>That's theory right, now you need to practice.</p><p>Gary  15:25  </p><p>Which, it's useful. I mean, it's definitely useful. It's definitely helpful. But it's in the practice. And this is, this is really another anecdote that I can give you. I'll mention his name, I don't think he’d mind me mentioning his name. Oliver Velez is his name, he’s been in markets for close to 40 years. And he's all, you're probably aware of it, he has all sorts of webinars on trading, he's got an expression that in the beginning, as crazy as it sounds, you might actually lose your way to success. And what he means by that, is that, you know, you make mistakes in the beginning, that are unavoidable, they are going to be made, because you're not born with the knowledge of trading. You get that through experience, and obviously, as you referred to earlier, it's a case of learning from those, so that you don't repeat those mistakes, but just a lot of mistakes that you're going to make in the beginning. I don't care how many books you read, you know, or webinars you watch. You’re going to make those mistakes, so what do you do with that knowledge? </p><p>Agnieszka  16:26</p><p>Exactly. </p><p>Gary  16:27</p><p>And can you, you know, do you have the psychological makeup, to deal with making those mistakes, and then move on from them. And I think a lot of people, it's, it's tough. I mean, I think, to be fair, I think for anybody, it's tough, but some people are better at dealing with that than others, and those who can learn from mistakes and not let themselves get too discouraged by them and not repeat them have a better chance of the end of succeeding. </p><p>Agnieszka  16:55  </p><p>Totally, I think it's really the matter of taking things very personally and you know, that has to do again, with, with experiences that people have, and that are getting triggered on a deeper level. Because a lot of times what I see is that mistakes instead of being taken as feedback, and in a way to adjust the course, are being taken as failures, and a way to cut your confidence. And if you don't have confidence, your commitment is gonna also get less. Yeah. And without commitment, you're going to question everything. And then this whole process just collapses.</p><p>Gary  17:37  </p><p>I think as well had the, the element of ego is important. And that, you know, we this, you see this often, people mentioned this dealing with trader psychology. But when we go to school, we're trained to be right, we're trained to get it right, you know, 90 to 100% of the time. So, entering a field, where actually, that's not necessary, it's okay to even be wrong half the time or even if you're you might even be able to get away with being wrong more than half the time. That goes against the grain. I think people, it hurt their egos, like, how can I have done that wrong? How can I get it wrong three straight times? You know, why did this not happen in my previous line of work, or my previous job, or in school? I was always a top student. And, you know, markets are different. It's not just about the percentage of times that you're right. Obviously, that helps. But that's not the only element. I think a lot of times, people's egos can get in the way and so I don't want to do this because, you know, I can't handle being wrong. I can't handle how it makes me feel being wrong. What that feeling does to me. You know, and I suppose it takes an element of humility, that as well to be able to say, yeah, you know what? I do get it wrong. In fact, I get it wrong often, but I'm willing to recognize that quickly, and not let it build up and fester.</p><p>Agnieszka  19:05  </p><p>Yeah, and don't, don't make drama out of it. Because it is. It's a matter of focus, right? You're, you're wrong many times, but it is not about being wrong. So, why putting so much focus on it, the moment that you start putting focus on being wrong. Now you're only fighting to be right. So, and that brings a lot of traders into trouble, like if you take the wrong decision and start fighting the market. Now you're really wrong. All right, so let's talk about your trading journey. Did you go through the same struggles that every retail trader goes through as a professional trader, when you started? Or do those journeys differ, you think?</p><p>Gary  19:49  </p><p>I think to a certain extent I did, I think anybody who starts out in trading, whether it's working for a bank or a fund or working, or just trading as on a retail basis. Certain amount of tuition that you like, if you like that you pay just through inexperience, I think, by virtue of being of doing it, through an employer, there were people who I could speak to who are more experienced than I was, you know, who I could learn from, and that, you know, that ultimately made it a lot easier. And sometimes I could learn from other people's mistakes as well. In other words, like I was able to in different environments to see, you know, not only what people did that was positive, but also people did negative and learn, you know, what to avoid. And that was, that was very much a process, and it never ends, by the way. I mean, in my opinion, it's, that's an ongoing process. And I think, when I switched to just doing it on my own, completely, there was a little bit of backpedaling, and I have to almost sort of like review and then sort of, like, almost view myself from the outside. And say okay, I don't have somebody that I can, let's say, necessarily bounce ideas off of or talk to you about this. What am I doing here that's working, what isn't working? Why? What habits need to be improved, or what habits need to be eliminated? And it is different when you're doing it on your own. And I think it can be, for a retail trader, it can be scary. First of all, you have to have the, the willingness to want to look at yourself in that way. And that's, some people might not want to do that, you know, they might want to have to be self-critical. </p><p>Agnieszka  21:38  </p><p>Especially if you're starting and you're not even sure how to do it, you know.</p><p>Gary  21:42  </p><p>Exactly, exactly why then, which, you know, that's, that's an argument for if you're new, completely new to this to do seeking out some sort of guidance. And it's an issue of finding somebody that you can trust, you know, to work with them. And I do feel that ultimately, as a trader, whether you're working as a retail trader, or whether you're working in a fund or a bank, it all, it ultimately has to be your own. In other words, you ultimately have to come up with your process, your methodology, you know, you can get people's opinions, you can get the feedback, but you can't just be executing someone else's process, or someone else's methodology. You can take onboard suggestions that they make them, you ultimately have to make it yours. What am I, how does this work for me? Do I really believe in this? Or am I just doing it because someone else says I should do it? Am I buying this because a very experienced professional, who seems to always be getting it right, is buying it? Or am I buying it because I really believe that it's going up?</p><p>Agnieszka  22:51  </p><p>Yeah. And I think it's pretty difficult to make that judgment, especially you know, when you're not sure if what you're doing is, is right, because you're you're not making money yet, right? And the second point that you have touched upon, to let someone else look at your process, what you came up with, that requires vulnerability, because that is pretty much absent in the market, because all you see, is all the money that people that, all the money that traders make, right? There is not many people really showing, hey, I made a mistake, and this is what I've learned from it. So, you kind of keep it to yourself and hope that one day, maybe you'll get it.</p><p>Gary  23:30  </p><p>FOMO, I think can, is probably the biggest, the biggest obstacle. And leads to the sort of negative thought processes that also might make you less receptive to, you know, having somebody examine your process and say, you know, you need to be doing this better, you need to be doing that better. Business, as you mentioned, you know, you look and say, Oh, God, all these other people seem to be making money. So, you know, how come I'm not? Or, you know, what do I need to do to like, make that happen? As opposed to like, taking a look at the process first, and then refining that to a point that puts you in a much better position to make money more consistently.</p><p>Agnieszka  24:15  </p><p>Exactly. Yeah. And have you ever questioned yourself as a trader and in the professional trading world, like what is the success because obviously for a retail trader like as long as I make money and, and I'm consistent with that, you know, so I have some profit at the end of the month, and usually people have some kind of an amount in their head? Right? That's, that's success. What is that in a professional trading world?</p><p>Gary  24:43  </p><p>I think two things, I would say one, one, longevity is one. If you're able to do it over a sustained period of time, I think that's a measure of success, perhaps, as much or even more than the absolute amount, you know, that you make. And then I think another measure of success is, are you getting incrementally better over time? And I don't necessarily mean, like, today versus yesterday, I'm thinking more of, you know, year over year or, you know, can you actually see real progress over a three to five year period, you know, compared to what, you know, the way you were before, before and, you know, I, there are many times where I have questioned myself over the length of time that I've been in the business, probably less so, in the early to mid years, where I was very heavily involved in market making, and where markets were less or less electronic, as markets became more automated and became you’re more in competition with computers in a way to try to react to news on it became a bit harder. Yeah, I think there was there was, there were more occasions where I might question, am I myself, can I still do this? Do I have, do I still have, you know, what it takes or to, you know, to carry on doing this? And that's where you need the benefit of time to be able to kind of evaluate your process and say, okay, I think some things need to be improved here, I can't just keep doing what I was doing before, because the regime has changed. And to try to do that without, like, being angry about the fact that the regime has changed. Kind of like with mobile phones, you know, when we went to from rotary phones to mobile phones, that there was never any going back. And, and technology is the same in markets that we were never going to go back. Or before they ever became fully electronic. And market structure has changed. So, that requires changing with it. And it's still changing. You know.</p><p>Agnieszka  26:52  </p><p>It will be changing fast, as we, as we talked about, is just changing faster and faster.</p><p>Gary  26:55  </p><p>Exactly. I mean, and the algorithms get better and better and faster and faster. So, you know, ways of doing things that were successful 10-20 years ago, may not be as successful now. So yeah, getting back to your original question. I think longevity is a, is a measure of success and your ability to learn from mistakes. I'll go to you, it's sort of recognizing that something needs to be changed, and then implementing that change. </p><p>Agnieszka  27:26  </p><p>And I hear you saying a lot about process. So, going back to the process, even when you question your, yourself and your confidence about yourself, it's going back to the process. It is not questioning yourself as a person, it's how can I do it better? What can I do better? </p><p>Gary  27:39  </p><p>I think process is everything. I actually think that too, not to the full extent, but I think that certain extent, I think process determines outcome.</p><p>Agnieszka  27:50  </p><p>Yes, assuming you can follow it.</p><p>Gary  27:52  </p><p>Yes, absolutely.</p><p>Agnieszka  27:56  </p><p>So, for everyone who is listening, I really want you to take those words from Gary, very deeply to your heart, because a lot of times what I hear from traders is frustration and a lot of high expectations of the progress. So, if things are not changing, or not progressing fast enough, and I'm really talking about going from zero to hero in, let's say, three months, which is a long term, a lot of times it's a month or you know, matter of weeks, you're getting frustrated. As a professional trader, you're talking about improvement over the years. So,... </p><p>Gary  28:38  </p><p>This is it over a period of years, weeks or months. And I haven't really mentioned that so far in this conversation today. But I think something else is to try to accumulate little things that give you some sort of an edge. You know, whether it's information, whether it's your physical fitness, you know, whether it's your diet and it just cumulate bits and pieces in it just even as simple as being able to identify sort of what podcasts or what webinars you think are really good and what ones aren't so good. What is helping my performance as opposed to what is not. It's not just about okay, trading a head and shoulders pattern isn't working for me. I mean, alright, that's part of it. But process is a lot more than just which chart patterns, you know, you're told that process encompasses so many things.</p><p>Agnieszka  29:31  </p><p>Yes, I always think that, and that's what I teach my students, we look at the whole lifestyle as holistically, basically, I'm saying trading for a living, it's a lifestyle. It's not a job. Yes, it's a business to trade for a living, but it's a lifestyle. And every single element of that lifestyle has to support that performance. It's just like, being a professional athlete, right? </p><p>Gary  29:55</p><p>I totally agree with you on that. </p><p>Agnieszka  29:58</p><p>It's not just going to the gym for two hours a day, it's like everything around it has to support those, you know, pretty much few minutes, maybe when you are in the trade, because obviously, you're not going to be hitting, I mean, some people do hitting buttons all the time, right? Buy and Sell. But it is really picking those moments, where you know, okay, now I'm absolutely focused and convinced, to put everything, 150% into that trade. And, you know, just like an Olympics, you train the whole year, and then you have the moment of your performance, pretty much.</p><p>Gary  30:32  </p><p>Accumulating, like positives are things that can help, your performance. You know, they can come from all different areas.</p><p>Agnieszka  31:15  </p><p>Totally. You were saying that when you work for yourself, it is easier to stop. But actually, what I see from traders who are still struggling, it is the opposite, right? Because the moment that they step over to, I have to make money trading, they think they have to be there all the time. Because otherwise, how are they going to make money? And that detachment is so difficult, but it actually brings them to the attitude of being desperate. And that is never a good adviser in trading, to be desperate.</p><p>Gary  31:15  </p><p>I completely agree with you. And I think that there's definitely a distinction between, say, literally trading to pay the bills, because that is, effectively your full-time job, as opposed to trading is not necessarily as a hobby, but it's sort of a supplement to your income, or they're two very different things and different levels of pressure. And I agree with you. But if you're trading out of sort of necessity to pay that bill, it affects your judgment and can affect your judgment. That's something to take into account, when you consider if, if you want to do this. Do you, do you have the capacity to wait it out? In other words, while you learn your trade? In other words, it could take you a year or two maybe even longer, before you're making what I would call meaningful money on your own? And are you in a place to be able to afford doing that, and without getting discouraged? Because if you're not in a position to do that, then you are going to be making very pressurized decisions, and probably not the best decisions. And I think you have to be honest with yourself as to what you can afford? And do you have the capacity to take the time to learn how to do this properly? Or maybe you don't, and maybe you have to accept that I'm going to do a job to provide me an income and then maybe I'll trade as a supplement to that. But not rely on it to pay my bills, until I demonstrate that I'm good enough to do that.</p><p>Agnieszka  32:49  </p><p>Yes, and I remember that when I started. And I've read that book, I think it was Trading in a Zone. Yes, that's, that said, you need two years of income. And everyone was saying that. So, you just need about two years for you know, savings. Just to be sure that you can actually trade for a living, so you don't have that pressure. And I thought that I would be different. I'm like two years? This is not going to take me two years. Absolutely. That it absolutely did.</p><p>Gary  33:24  </p><p>Interesting because I, I've actually come across people in the market, including some experienced professionals who've been in the markets for as long as I have or longer. I mean, one person that I've come across his claim that it took him actually five to six years. You know, before he, he got to a point where he felt really, really comfortable with what he was doing. And you know, he says, the next 35 years have been very productive. So, okay, yes, he was relatively young when he began that journey and maybe one year 23, 24, 25. It's a bit easier to say, okay, I'll take that kind of time because you don't necessarily have children to support and all that. But the point was, he had that time and he utilized it. And he benefited from it. But I mean, routine, routinely. I've never heard anybody say that, oh, this is something that they just get within six months. I mean, of course, there are exceptions, maybe people who just have a fantastic natural talent, but I think for most people, it's time that has to be invested. And not just like passing an exam or taking a course or whatever. It's observation and experimentation.</p><p>Agnieszka  34:41  </p><p>Yeah. And, you know, improving too. </p><p>Gary  34:44</p><p>Seeing what works and what doesn't work. </p><p>Agnieszka  34:47</p><p>Exactly. Because if you do, if you keep, you know, you can take 10 years, and but if you keep doing the same things that don't work, maybe it will take you 20. Right?</p><p>Gary  34:57  </p><p>I think this is it, I think what you hit upon is, I think it’s a major piece of the whole puzzle, which is identify what's not working, but not only identifying, saying that it's not working. I think it's difficult for people to do that, myself included, when you use strategies before that historically have worked, and then you encounter conditions that have changed, that make the strategy less useful? It's difficult, because I think human nature be okay, I'll wait, I'll stick with the strategy, I'll just wait. Because eventually, the market will return to what was before. But that's dangerous, because sometimes, sometimes conditions never return to what they were, I mean, as an example, is now. I mean, we may never see zero interest rates. I mean, we're, you know, we're in a very different environment than we were pre-pandemic, or even a year ago, and, you know, volatility regimes can change. And if you're not willing to accept that, I think you're really, really setting yourself up for you know, for obstacles, because not only you're not going to make money, then you're going to draw down. And it becomes even harder, because then you've got to recover, just to get back to break even again, before you can start money again. Probably, I think it's easier for people to accept that something's not working, if they can identify why. If they can sell, okay, the strategy isn't working, because I'm trading breakouts when the VIX is trading between a range of 18 to 22. And, you know, the chart suggests that when certain levels break, the market should follow through and continue and fundamentals back my view. But if we're in a very low volatility room, regime, you, you know, you may have a lot of false breakouts, you know, you may have a lot of situations where I mean, I think you can say we just have one of the stock market recently, where we began the year very strong, even though there were problems that we could all identify, not just Ukraine, but just all inflation, and just there were issues, if the market kept rising and look strong, and it was difficult, because you say, okay, fundamentals aren't great, price action is positive. And, you know–</p><p>Agnieszka  37:21  </p><p>But the feeling wasn't there, right? The conviction. </p><p>Gary  37:25</p><p>Exactly, the conviction wasn't there. And I think part of it as well was that we had been in a low volatility regime prior to the last two days. And that was also going to work against the upside breakout, but it's difficult for markets to really race either higher or low. You know, if the VIX is that low, you have to ask yourself, okay, what am I going to do on that? Am I going to keep trading? You know, breakout strategies in this environment? I think the answer that is probably, not necessarily straight, yes or no, but I think the answer to that is probably, maybe I'll trade breakouts sometimes, but less often. I'll be more selective in my criteria, lower my expectations about how far you know, I think the market can go, in other words, make changes, either to your strategy or the expectations around the strategy or both. But if you reach a point where it's continuously not working, and I think you have to accept that and say, I'm not going to do this anymore.</p><p>Agnieszka  38:27  </p><p>Yeah, having the flexibility to pivot, right, and adjust and be flexible.</p><p>Gary  38:32  </p><p>I'll give you a great example of something that I've experienced in recent year and it's been going on for recent years, I would say, over the time that I've been in the business, historically, when you had a major technical breakout, and then you had a retracement to the original breakout level. This is let's say the 1980s 1990s, maybe even 2000s, that return to the breakout level, original breakout level would often be an opportunity, it would be an opportunity to like add to the position and like it took some off, you can start to put it back on and you wouldn't hesitate to do that. You just say wow, this is Uh, thank God for this, like what, you know, how wonderful. And you would never think that oh, you know, actually, it's not an opportunity, it might mean that breakout was false. And because for many years, you got continuation, you know, before markets became more mature and more sophisticated and more automated if you like. And, you know, all of a sudden trend, trend following over time, became not such a guaranteed strategy. And I think especially, let's say in the last three to five years, where you've had monetary policy, so really, really dominant over markets, you see this a lot, where if a market breaks out, and then retraces, most of the time, I don't want to re-enter. If it actually returns to the original breakout level these days, I'm not saying that I'll never re-enter the trade. But I would say seven or eight times out of 10, I'll say hang on a minute, there’s a reason why the markets not following through, why it's not continuing and an example that when we broke up, say, 4000 on the S&P, whatever was in January, February. I financially did well, I close to 4200. I said to myself, if we get back down to 4000, I'm not going to be so quick to buy that dip. Because I've seen this time and time again in recent years. And l and below, what's happened? You know, we've now gone global 4000 below 3900. And I'm not saying that the market is gonna like crash. And what I'm saying is not even in response to what happens SVB. But it's an observation. But it wasn't working for me in recent years. Buying the retracements. I stopped, I don't do it. Unless I have a really good reason. You know, the market retraces to the breakout level. And there's something going on in a related market or a piece of news that supports the trade, then I'll consider it but I'm not robotically doing it as I would have 20 or 30 years ago. It’s a huge change and it's disappointing in a way.</p><p>Agnieszka  41:11  </p><p>Of course, it is. Because it's not, you know, it's not predictable, and you cannot assume things, but I think this is the part of trading that is so important to realize that it's all about responsibility, right? Your ability to respond to what is happening, not just kind of go on automatic pilot, because there is always something different and you, you just cannot keep assuming things. You making your thesis, but you have to acknowledge that you might be wrong. It's just like with life, instead of living on the automatic pilot, just experience what is actually happening, and then respond to that. Right? Instead of reacting to that.</p><p>Gary  41:51  </p><p>Absolutely, I think it was easier, say decades ago to like, formulate a strong thesis, and just kind of stick with that and milk that and hope that it would persist for a number of weeks or maybe longer. But you know, if you look at what goes on and markets, even before the pandemic, certainly since the pandemic. The narratives can change so quickly. You know, sometimes in what, 24 hours, 48 hours. So, if you're looking for a sustainable trend, sometimes that's not going to be there. I mean, all right. We had one an interest rates last year with the trends just were relentless. But I would say more typically, in the current environment. Trends don't last that long. And part of this, I think, is because of technology in the sense that we all process information so quickly.</p><p>Agnieszka  42:42  </p><p>Yeah, exactly. </p><p>Gary  43:39  </p><p>It just takes a nanosecond to process it. So, it's reflected in prices quite quickly. And I think that's why when, when prices break out and then fail, and return to their original breakout levels, and maybe put it's the same the price order. You know, we all access to instant information. We don't need to wait for research reports to be physically mailed to us, we just click and we can read all that we want about what's going on. So, I think that, that changes the speed with which markets move.</p><p>Agnieszka  43:13  </p><p>And the character of those movements too, but I think that somewhere inside people there is this nostalgia of hanging on to the old and things being predictable and like attaching yourself to it. And that's what is causing the issues too, to detach and to move on, to just say, Okay, no, it's not like this. It's like that, right? That ability to pivot. And when you don't have as a person, that agility, but the market pivots all the time. Now you're not in alignment with each other. And I think that is causing a lot of issues.</p><p>Gary  43:53  </p><p>Absolutely. I think could almost be more of a problem for more experienced traders in a way. Where it's somebody very young or new to the market doesn't have those previous ideas as with the old habits to cling on to, so he might, he or she might find it easier to sort of change and adapt whereas the more experienced person, you can be resentful about it.</p><p>Agnieszka  44:15  </p><p>Yeah, because people don't like changes.</p><p>Gary  44:19  </p><p>No. I think as well, sometimes, you know, making the pivot means, A - identifying that the previous thing you really doesn't working. And it might mean that there's a pivot gap, before you find the new thing to replace the old thing. Not as simple as you go to sleep, out with the old and wake up in with the new, it might not be that quick, you may need some time to come up with a methodology or an approach that suits you and better suits the current regime. And I think also that might frighten people or anger people, because I'm, I wasn't supposed to be this way. I'm not supposed to. What do you mean, I can't trade for two weeks until I figure this out? And.</p><p>Agnieszka  45:00  </p><p>Right, exactly like, how am I going to make money?</p><p>Gary  45:03  </p><p>Exactly, exactly right.</p><p>Agnieszka  45:07  </p><p>Yeah, yeah. So, um, being a professional trader, have you ever felt it, I made it. Because we talked a lot about having success. And traders have this idea of the day that will come at some point, when I made it. And I always tried to bring over the message, day like that doesn't exist, because that would mean that once you reach it, is then you'd have can relax and just not work hard anymore. And I don't think it exists in trading. But have you ever had that moment? Okay, I made it, or is there always that uncertainty? </p><p>Gary  45:49  </p><p>I, I think there's always an element of at least for me, there's always an element of uncertainty. Although there have been, I think there have been times to in my life where, when I felt like my confidence has risen. And like my competence, you know, has risen, that I've been, you know, through experience really knowing when to recognize situations that are in the react to those situations faster, when I recognize them. But I agree with you, I've never felt, where I reach a point and I go, oh, wow, I feel like I've got this figured out. And I can therefore allow myself to lower my discipline or get lazy with my process. I say this all the time. I think it never ends. I mean, whether you're 30, 50, 70, or during this, this, you know, you're always growing, and there's always room for improvement. And I think it's better to look at it that way, instead of saying, I want to reach a day where, you know, I can just turn on the light switch, I can say I've made it. I mean, I think, if that's what you're looking for, I think you're gonna be disappointed. Whereas, if it's more a case of just ongoing, incremental improvements, your results and your process, you're going to be happier and I think you're going to do better, in the end, and also accepting that you're never going to fully figure this out. Never. I mean, even the best, you're never, you know, they're always going to be times when you get something dead wrong, even when you thought you had 100%. You know, properly analyzed, and I think it requires that sort of humility as well. And rationality to say that, you know, that's okay. You know, the goal isn't to be like, the Lewis Hamilton of trade.</p><p>Agnieszka  47:33  </p><p>Right. And most of traders who are getting into trading is because they like challenge because they're ambitious, right? But then the moment they're there and it starts to be difficult. The focus switches to, when it's gonna stop to be difficult?</p><p>Gary  47:52  </p><p>Exactly. I mean, like, Can you, can you just embrace the fact that it's not just gonna all of a sudden become easy? Can, Can you just take that on board and say, okay, it might get a bit easier, but it's not going to become easy? And I'll tell you why it won't be easy, it won't become easy, because conditions are always going to change. And I think is part of what makes it challenging and difficult. Is that regimes change, conditions change, and I think now faster than ever. You know, because of what I said before because of the availability of information. You know, narratives and trends are changing like at lightning speed compared to how they did before. So, you could find yourself maybe making some money in the early part of the week, but if you're not careful to sort of recognize the shift in the narrative, in the middle of the week, in a lot of parts of the week you can end up giving a lot of that money back. </p><p>Agnieszka  48:49  </p><p>Yesh. So, what do you enjoy about trading?</p><p>Gary  48:53  </p><p>I think, I think the, what you said the fact that it's a puzzle, you know, that you're all and you're trying to put a lot of different pieces together. And that, you know, it's not, it's not easy. If you like, I think that's what you said, a challenge. It's almost like, it's gonna sound strange, but like, you know, with being with a woman who challenges you, who is complicated or not, you know, whatever, just.</p><p>Agnieszka  49:22  </p><p>Yes and I love that analogy, because I always say, don't be easy. Just don't be easy, you know, be a little bit difficult. Don't, don't be desperate, just let the market convince you, you know.</p><p>Gary  49:35  </p><p>Exactly, right? In other words, that's a good way of putting it. In other words, let the market show you something that warrants putting, you know, putting the risk on? It's nice also, when you're proven right, I have to admit that it's, it is a very rewarding feeling if you have an idea, even if it takes time to be born, right? So, that, I guess, probably the thing is, it never bores me. I've never, after doing this for all these years, I still I never get bored of it. There's always something different. The fact that there's so many things, moving markets, whether it's political politics, economics, technicals, and I like that, and I feel privileged in the way that to do something that, that I find interesting.</p><p>Agnieszka  50:17  </p><p>It's like being in a relationship, in the honeymoon phase for always, right?</p><p>Gary  50:24  </p><p>Yes. Yes, it is. Frustrating at times, but on the whole. Certainly don’t get bored. Grateful for that.</p><p>Agnieszka  50:35  </p><p>Well, that brings us to the end of the episode. And thank you so much, Gary, for joining us. And for this candid conversation, I hope that it will help traders who are listening to this to gain some perspective and understand that trading is a never-ending story. It's not once done and that’s it. It's every day putting effort, putting focus and that's also what makes it so exciting.</p><p>Gary  51:07  </p><p>Yes, I agree. I, thank you so much for having me. I really appreciate it. And I hope that you are able to communicate with the people you work with and help them in their journey to develop and you've made a lot of points here. So, hopefully, people will pick up on that.</p><p>Agnieszka  51:25  </p><p>Thank you. Thank you so much for listening. And thank you so much for joining Gary. Thank you so much for listening to the Confidence in Trading podcast. If you enjoyed my show, please rate and review it on Apple podcasts. And be sure to subscribe so you can come back for a real live conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget you too can realize your dream without losing yourself and your confidence in the process. Thank you so much for joining us today. Thank you.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 21 Apr 2023 05:10:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Gary Portgual)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Gary Portugal talks to Agnieszka about his core beliefs on finding success in trading, and it has nothing to do with quick wins large amounts of capital. For Gary, trading is a process that requires an honest look at yourself, learning from mistakes, and evolving the process over time. Everyone makes mistakes when they first start trading. It's how you handle those mistakes and grow from your experience that sets the professionals apart. </p><p>With decades of experience in trading and working for large financial institutions, we hear Gary share the valuable lessons he learned and his philosophy on getting better at trading: train, learn from your mistakes, get a second opinion on your process, work on your  confidence and patience, and continuously refine your system. Gary's biggest advice is to embrace changes and make peace with being wrong.</p><p><strong>About Gary Portugal</strong></p><p>Gary Portugal began his FX journey in New York in the 1980s as a spot G10 Market Maker, before specializing in European Monetary System currencies in the 90s. After the creation of the Euro in 1999, he transitioned to trading emerging market currencies and to developing a spot FX e-commerce business at a major financial institution in London. He then spent a decade at a proprietary trading group as a market-maker in emerging market currencies to various electronic currency networks. He now trades and invests independently across all asset classes.</p><p><strong>Resources discussed in this episode:</strong></p><ul><li><a href="https://tradingolivervelez.com/home/"><i>Oliver Velez</i></a></li></ul><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Gary Portugal:</strong></p><ul><li><a href="https://www.linkedin.com/in/gary-portugal-247ba4b/">LinkedIn: Gary Portugal</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>Agnieszka  0:00  </p><p>I'm Agnieszka Wood and on today's show, I'm very excited to introduce my very special guest, Gary, Portugal. Gary has been a professional trader for 35 years. And now he's still trading mostly on a swing basis, and also managing his investments. I asked Gary to join us today to discuss his point of view on the topic that most traders are wondering about all the time. Will I ever make it? Welcome to episode number three, Trading for a Living. Hi, Gary, and welcome to my podcast.</p><p>Gary  0:35  </p><p>Thank you so much, Agnieszka, I hope that I pronounced that right. Yes, I think, yes. </p><p>Agnieszka  0:38  </p><p>Yes, you absolutely did. Wonderful. </p><p>Gary  0:42  </p><p>First attempt, wow.</p><p>Agnieszka  0:43  </p><p>Yeah, you're very good at it. Gary, you started in 1983, as a commodity and foreign exchange trader in New York, worked all the way up to become a head of European Monetary System, currency trading desk in London. And finally became a wealth management consultant. Not long before you decided not to work for anyone else, and trade for yourself. That's pretty much the dream of most traders, right, to quit their job and trade for a living.</p><p>Gary  1:14  </p><p>Absolutely right, to be able to pick and choose when you work. </p><p>Agnieszka  1:19  </p><p>Exactly how to spend your time, right? Nobody's gonna tell me what to do. Tell me with all your professional experience in trading, I'm sure you were able to make consistent profit long before you actually started for yourself. What made you wait? How come you didn't make that decision to start trading for yourself years earlier?</p><p>Gary  1:40  </p><p>I think to be fair, most of my career was spent market making. And then as part, as part of the market making, I could indeed take some proprietary risk, but there was a certain amount of income that I was able to generate from market making. And then I could leverage some of that to take proprietary trading risks, as well. And then as markets, particularly say, from 2000 onwards, and even more so from the financial crisis onwards. FX markets, and I think all assets, in all asset, came increasingly automated, electronic, and it became more difficult to compete, basically, as a market maker, foreign exchange and in particular, it became clear to me that I would have to probably rely less on market making income, and more on taking proprietary risk. And then I just reached a point where, as we said, off air before, I felt like I'd have a better chance of making money, if I could trade more selectively. As opposed to necessarily trading every hour of every day, if I could pick and choose my moments, and then maybe take more risk. In those instances, even if that meant doing nothing for two or three days after that, but I'd have a better chance of succeeding. And I think also, I reached the conclusion that I was more likely to succeed, taking risks myself, if I was doing it rather than day trading more of a, on a swing trading basis. In other words, seeing if I could pick out a trend that I felt might last a week, two weeks, maybe even a month, mainly a foreign exchange, but also in equity markets, interest rate markets, and commodities, but the key was trying to see if I could envision a move that would happen over time. And, and capture, not necessarily all of that, but at least a reasonable chunk of that, as opposed to just trying to day trade every day. And I just felt like the best way for me to do that. And trade sensibly, rationally, was just, you know, trading my own money. I mean, it's scary in a way in that if you, if you lose, it's, you know, it's your capital, it's not your employer’s capital. But the upside is, you know, you really do trade as and when you think it makes sense to trade. And not just because oh, I’ve gotta pay my boss, you know, to pay for these computers that I've rented. I've got a, I got to pay for my brokerage and for my charting service. And so, that's basically how I ended up in doing what I’m doing now. Now, it's, to be fair, it's been a transition. Yeah, it means in some ways, it's a lot. And I still love the markets. But in some ways, it's a lot less exciting than it was, you know, being on the market and making bets where you're literally in and out of the market all the time. And where you felt there was necessarily there might have been opportunity every day, this is different, I'm more happy. So, there may be a handful of times during the week where I have a really strong feeling about where the market is gonna go. And not only that, but I think that the move is going to be meaningful, so, I can really get something out of it.</p><p>Agnieszka  4:57  </p><p>Oh, that’s so interesting. So, It's actually you sort of, you're trading less than when you were.</p><p>Gary  5:04  </p><p>Much less, I mean, the biggest difference is the frequency is way less. And that is, that has been so difficult to adapt to, it's taken me time, and yah I'm getting better at it, I'm still, I'm still adapting, because part of me, will never totally let go of what it was like, you know, to be active. It was like, it was fun. It was it, you know, I've thoroughly enjoyed that. But this is, this is totally different. It's not market-making, and it's not even short-term proprietary, you really gonna have to be taking somewhat of a view, well beyond just the next 24 hours. I'm not saying that there isn't scope for, for some short-term trading, of course, but I think on balance, you're gonna make more if you're looking to capture bigger moves, and not necessarily doing the micromanaging, that you do on a market making desk or elsewhere.</p><p>Agnieszka  6:01  </p><p>Yeah, I can compare it to when I day trade, you know, and I evaluate and look back at the bigger picture of, you know, the moment in time that I trade a momentum stock, and then I look at the bigger move. It's just so revealing, like how much you can make yourself, you know, emotional and crazy about this little move on, I don't know, five minutes or one-minute chart? Well, in a bigger picture, you think if I would just get in here and stay for a few days, I would not lost all my emotional capital, and I would have much more money. You know.</p><p>Gary  6:37  </p><p>Absolutely. I mean, you hit on. And that's a great phrase, emotional capital, which I think is overlooked. Yes, obviously, we all do this, to make money, we want to be profitable doing it. But there's, there's emotional capital that you expend as well. And you have to make sure that that's being used wisely, that you're not just burning yourself out or spinning your wheels. And the biggest reward, I don't think and, obviously, there are exceptions. But generally speaking, I don't think it's reward, it's gonna come fly, be able to predict the next hour's move, the next five minutes of me, you can drive yourself crazy doing that, unless you're doing that in very significant size, I'm not sure that it's going to really be that productive anyway. Whereas, if you're, if you see a bigger moves in whatever it is, whether it's Tesla, whether it's a currency or whatever, and you're not rushing yourself to make the money within 24 hours and saying, Oh, the P&L has to be made by Tuesday morning. If there isn't that sort of time limit on, I think you have a greater chance of success. In other words, because the move doesn't happen immediately, doesn't mean that it's not going to happen. And because it hasn't happened by the end of the trading day doesn't mean that you should take the risk off either. And so yes, that's kind of a place I got to eventually, but literally trading less frequently was much more productive. And then trying to couple that with what I have, you know, less frequently meeting when I really have strong conviction. And then backing myself, trying to back myself accordingly, instead of just trading elective with a normal size might be if I have like an idea or hunch or whatever, actually trading over and above that, a bit more, because I really have a high confidence level. And because I know that I've been disciplined, and stayed away from a lot of what I call the garbage trades, of you stay away from the junk, and you have more, both actual capital and emotional capital, to invest when it counts, and I think you almost feel psychologically entitled to it. And so you know, what, I've been, been good, I haven't wasted it on on junkie trades, I’ve been patient, this is what I've been looking for. And we're gonna do this. And If it doesn't work, you know, that's okay, you're allowed to get it wrong, you'll have to get out of the mistake, if you make a mistake. Because if you take time, if you have 10 trades provided at the risk-reward ratio, which I haven't really gotten into yet here, but provided the risk-reward ratio is good enough. I mean, it's not easy, but my preference is to look for three-to-one. And if you, if you're looking to make three times what you're risking, it's really an incredible figure. If you do the math, you can actually be wrong 70% of the time, and still, make money. So, it's not in my opinion, it's not about being right like all the times, of course, we all want to be right as often as we can, but that's not the requirement.</p><p>Agnieszka  9:46  </p><p>Yeah. And that's what actually stands us in a way, right? Trying to be right all the time.</p><p>Gary  9:51  </p><p>Exactly. And I think this is where, you know, you can get into, can get into trouble. Whereas, if you're trading less frequently and then if, if you're really focusing on those higher quality trades, or hopefully you're going to be making three times what you're risking, I just think you're in a, you're in a much better place. I think the difficulty that a lot of people have with that is that if they feel that they're sitting, they’re sitting on their hands, they might feel like they're doing nothing. They're not being productive. </p><p>Agnieszka  10:19</p><p>Exactly. That doing thing, right? </p><p>Gary  10:21</p><p>I can’t make money if I'm not, if I'm not in the market.</p><p>Agnieszka  10:27  </p><p>Yes and this is exactly you're hitting on the points that I, they might seem so obvious, right, but they are so deep in our belief system, how we achieve success, how we make money, like we have to do something.</p><p>Gary  10:41  </p><p>Exactly. Those words, we have to do something.</p><p>Agnieszka  10:44  </p><p>Yes, hard work means more money, but in trading, it is the exact opposite,, I like to compare it to fishing, if you go fishing, you just sit there and wait for the fish to come to you, you're not jumping into the water running behind the fish, right? And you have no guarantee and no idea if you're actually gonna catch something. But once you catch something, then you take action, right? So, what I wanted to ask you, from a professional trader point of view, right? Do you think it is realistic to think that trading for a living is actually possible for regular people, like, you know, retail traders? Or is it just a dream? Like, if you, if you look from the perspective of like you worked professionally, so many years? Are retail traders being seen as like, what, what are you trying to do?</p><p>Gary  11:35  </p><p>I think the way I would describe this, I think it's, I think it is possible. But I think that it's only possible, if you're prepared to quit to take quite a bit on onboard in terms of discipline, in terms of preparation that you need to do. If you're prepared to take on things like mindset. And I would argue that a lot of people aren't prepared to do that, that extra work, that to me is the real work. Being able to maybe sit in front of a screen and read and learn, do some research, you know, put some thoughts together, actually not trade, I think to make money, a lot of what you have to do is it can sometimes be very unsexy. But I think it's not going to be for it. It's not going to be for some people because of that. In other words, for anyone who thinks that the route to doing this profitably is like, as you suggested, just trading constantly and equating trading constantly with working hard. That's not the case. And I think that there are a lot of people who will fall in or fit into that category. So, realistically speaking, I would say probably, you know, for the majority of people, it's not realistic. And when I say majority, I'm not saying that 90% of the people are going to fail, I don't, I don't think it's that. We all know what the statistics are about strengthening platforms and how many people lose money. But maybe a more positive way of phrasing it is that, if you are prepared to have a process and work on improving that process, and operate with discipline, both maybe in trading and other aspects of your life, that that's not going to guarantee you of success, but that's going to, that's going to increase the likelihood of success. And then getting back to what we've said before, is the element of time. In other words, if you have time on your side, if you're able to allocate a period of even years to get good enough. That I think, can work. The issue is that for many people that, that isn't realistic, they need income now, they can't just give up their day job. And then so I'm gonna spend the next three years, you know, barely or barely covering my costs, they have to live, they have to eat. That's why I think for a lot of people, it may not be realistic. If you can do it in the beginning, such that it's a supplement to your income rather than maybe being wholly dependent on it. I think that increases your odds of success. But, I mean, I don't think there's any quick route and that's the other thing. Anybody entering this, if you're looking for a quick route, it's not going to happen unless you have tremendous natural talent and of course, there are people like that. I think they are the exceptions. </p><p>Agnieszka  14:35  </p><p>It happens, right? A little bit of luck, a little bit of talent, sometimes it happens. But I think the success doesn't lay in the, you know, the first lucky trades or the first money you make, it's really in keeping that money.</p><p>Gary  14:49  </p><p>Absolutely right. I think if you're, if you're willing to invest in a process of some sort, and that can be your own process, or a process that you develop, in combination with somebody, whether it's someone like yourself or someone else, that you have a better chance, because I think the success will come from a process that's refined and improved and developed over time. And, and the process is not something you just read a book and say, right, here's my process.</p><p>Agnieszka  15:21  </p><p>That's theory right, now you need to practice.</p><p>Gary  15:25  </p><p>Which, it's useful. I mean, it's definitely useful. It's definitely helpful. But it's in the practice. And this is, this is really another anecdote that I can give you. I'll mention his name, I don't think he’d mind me mentioning his name. Oliver Velez is his name, he’s been in markets for close to 40 years. And he's all, you're probably aware of it, he has all sorts of webinars on trading, he's got an expression that in the beginning, as crazy as it sounds, you might actually lose your way to success. And what he means by that, is that, you know, you make mistakes in the beginning, that are unavoidable, they are going to be made, because you're not born with the knowledge of trading. You get that through experience, and obviously, as you referred to earlier, it's a case of learning from those, so that you don't repeat those mistakes, but just a lot of mistakes that you're going to make in the beginning. I don't care how many books you read, you know, or webinars you watch. You’re going to make those mistakes, so what do you do with that knowledge? </p><p>Agnieszka  16:26</p><p>Exactly. </p><p>Gary  16:27</p><p>And can you, you know, do you have the psychological makeup, to deal with making those mistakes, and then move on from them. And I think a lot of people, it's, it's tough. I mean, I think, to be fair, I think for anybody, it's tough, but some people are better at dealing with that than others, and those who can learn from mistakes and not let themselves get too discouraged by them and not repeat them have a better chance of the end of succeeding. </p><p>Agnieszka  16:55  </p><p>Totally, I think it's really the matter of taking things very personally and you know, that has to do again, with, with experiences that people have, and that are getting triggered on a deeper level. Because a lot of times what I see is that mistakes instead of being taken as feedback, and in a way to adjust the course, are being taken as failures, and a way to cut your confidence. And if you don't have confidence, your commitment is gonna also get less. Yeah. And without commitment, you're going to question everything. And then this whole process just collapses.</p><p>Gary  17:37  </p><p>I think as well had the, the element of ego is important. And that, you know, we this, you see this often, people mentioned this dealing with trader psychology. But when we go to school, we're trained to be right, we're trained to get it right, you know, 90 to 100% of the time. So, entering a field, where actually, that's not necessary, it's okay to even be wrong half the time or even if you're you might even be able to get away with being wrong more than half the time. That goes against the grain. I think people, it hurt their egos, like, how can I have done that wrong? How can I get it wrong three straight times? You know, why did this not happen in my previous line of work, or my previous job, or in school? I was always a top student. And, you know, markets are different. It's not just about the percentage of times that you're right. Obviously, that helps. But that's not the only element. I think a lot of times, people's egos can get in the way and so I don't want to do this because, you know, I can't handle being wrong. I can't handle how it makes me feel being wrong. What that feeling does to me. You know, and I suppose it takes an element of humility, that as well to be able to say, yeah, you know what? I do get it wrong. In fact, I get it wrong often, but I'm willing to recognize that quickly, and not let it build up and fester.</p><p>Agnieszka  19:05  </p><p>Yeah, and don't, don't make drama out of it. Because it is. It's a matter of focus, right? You're, you're wrong many times, but it is not about being wrong. So, why putting so much focus on it, the moment that you start putting focus on being wrong. Now you're only fighting to be right. So, and that brings a lot of traders into trouble, like if you take the wrong decision and start fighting the market. Now you're really wrong. All right, so let's talk about your trading journey. Did you go through the same struggles that every retail trader goes through as a professional trader, when you started? Or do those journeys differ, you think?</p><p>Gary  19:49  </p><p>I think to a certain extent I did, I think anybody who starts out in trading, whether it's working for a bank or a fund or working, or just trading as on a retail basis. Certain amount of tuition that you like, if you like that you pay just through inexperience, I think, by virtue of being of doing it, through an employer, there were people who I could speak to who are more experienced than I was, you know, who I could learn from, and that, you know, that ultimately made it a lot easier. And sometimes I could learn from other people's mistakes as well. In other words, like I was able to in different environments to see, you know, not only what people did that was positive, but also people did negative and learn, you know, what to avoid. And that was, that was very much a process, and it never ends, by the way. I mean, in my opinion, it's, that's an ongoing process. And I think, when I switched to just doing it on my own, completely, there was a little bit of backpedaling, and I have to almost sort of like review and then sort of, like, almost view myself from the outside. And say okay, I don't have somebody that I can, let's say, necessarily bounce ideas off of or talk to you about this. What am I doing here that's working, what isn't working? Why? What habits need to be improved, or what habits need to be eliminated? And it is different when you're doing it on your own. And I think it can be, for a retail trader, it can be scary. First of all, you have to have the, the willingness to want to look at yourself in that way. And that's, some people might not want to do that, you know, they might want to have to be self-critical. </p><p>Agnieszka  21:38  </p><p>Especially if you're starting and you're not even sure how to do it, you know.</p><p>Gary  21:42  </p><p>Exactly, exactly why then, which, you know, that's, that's an argument for if you're new, completely new to this to do seeking out some sort of guidance. And it's an issue of finding somebody that you can trust, you know, to work with them. And I do feel that ultimately, as a trader, whether you're working as a retail trader, or whether you're working in a fund or a bank, it all, it ultimately has to be your own. In other words, you ultimately have to come up with your process, your methodology, you know, you can get people's opinions, you can get the feedback, but you can't just be executing someone else's process, or someone else's methodology. You can take onboard suggestions that they make them, you ultimately have to make it yours. What am I, how does this work for me? Do I really believe in this? Or am I just doing it because someone else says I should do it? Am I buying this because a very experienced professional, who seems to always be getting it right, is buying it? Or am I buying it because I really believe that it's going up?</p><p>Agnieszka  22:51  </p><p>Yeah. And I think it's pretty difficult to make that judgment, especially you know, when you're not sure if what you're doing is, is right, because you're you're not making money yet, right? And the second point that you have touched upon, to let someone else look at your process, what you came up with, that requires vulnerability, because that is pretty much absent in the market, because all you see, is all the money that people that, all the money that traders make, right? There is not many people really showing, hey, I made a mistake, and this is what I've learned from it. So, you kind of keep it to yourself and hope that one day, maybe you'll get it.</p><p>Gary  23:30  </p><p>FOMO, I think can, is probably the biggest, the biggest obstacle. And leads to the sort of negative thought processes that also might make you less receptive to, you know, having somebody examine your process and say, you know, you need to be doing this better, you need to be doing that better. Business, as you mentioned, you know, you look and say, Oh, God, all these other people seem to be making money. So, you know, how come I'm not? Or, you know, what do I need to do to like, make that happen? As opposed to like, taking a look at the process first, and then refining that to a point that puts you in a much better position to make money more consistently.</p><p>Agnieszka  24:15  </p><p>Exactly. Yeah. And have you ever questioned yourself as a trader and in the professional trading world, like what is the success because obviously for a retail trader like as long as I make money and, and I'm consistent with that, you know, so I have some profit at the end of the month, and usually people have some kind of an amount in their head? Right? That's, that's success. What is that in a professional trading world?</p><p>Gary  24:43  </p><p>I think two things, I would say one, one, longevity is one. If you're able to do it over a sustained period of time, I think that's a measure of success, perhaps, as much or even more than the absolute amount, you know, that you make. And then I think another measure of success is, are you getting incrementally better over time? And I don't necessarily mean, like, today versus yesterday, I'm thinking more of, you know, year over year or, you know, can you actually see real progress over a three to five year period, you know, compared to what, you know, the way you were before, before and, you know, I, there are many times where I have questioned myself over the length of time that I've been in the business, probably less so, in the early to mid years, where I was very heavily involved in market making, and where markets were less or less electronic, as markets became more automated and became you’re more in competition with computers in a way to try to react to news on it became a bit harder. Yeah, I think there was there was, there were more occasions where I might question, am I myself, can I still do this? Do I have, do I still have, you know, what it takes or to, you know, to carry on doing this? And that's where you need the benefit of time to be able to kind of evaluate your process and say, okay, I think some things need to be improved here, I can't just keep doing what I was doing before, because the regime has changed. And to try to do that without, like, being angry about the fact that the regime has changed. Kind of like with mobile phones, you know, when we went to from rotary phones to mobile phones, that there was never any going back. And, and technology is the same in markets that we were never going to go back. Or before they ever became fully electronic. And market structure has changed. So, that requires changing with it. And it's still changing. You know.</p><p>Agnieszka  26:52  </p><p>It will be changing fast, as we, as we talked about, is just changing faster and faster.</p><p>Gary  26:55  </p><p>Exactly. I mean, and the algorithms get better and better and faster and faster. So, you know, ways of doing things that were successful 10-20 years ago, may not be as successful now. So yeah, getting back to your original question. I think longevity is a, is a measure of success and your ability to learn from mistakes. I'll go to you, it's sort of recognizing that something needs to be changed, and then implementing that change. </p><p>Agnieszka  27:26  </p><p>And I hear you saying a lot about process. So, going back to the process, even when you question your, yourself and your confidence about yourself, it's going back to the process. It is not questioning yourself as a person, it's how can I do it better? What can I do better? </p><p>Gary  27:39  </p><p>I think process is everything. I actually think that too, not to the full extent, but I think that certain extent, I think process determines outcome.</p><p>Agnieszka  27:50  </p><p>Yes, assuming you can follow it.</p><p>Gary  27:52  </p><p>Yes, absolutely.</p><p>Agnieszka  27:56  </p><p>So, for everyone who is listening, I really want you to take those words from Gary, very deeply to your heart, because a lot of times what I hear from traders is frustration and a lot of high expectations of the progress. So, if things are not changing, or not progressing fast enough, and I'm really talking about going from zero to hero in, let's say, three months, which is a long term, a lot of times it's a month or you know, matter of weeks, you're getting frustrated. As a professional trader, you're talking about improvement over the years. So,... </p><p>Gary  28:38  </p><p>This is it over a period of years, weeks or months. And I haven't really mentioned that so far in this conversation today. But I think something else is to try to accumulate little things that give you some sort of an edge. You know, whether it's information, whether it's your physical fitness, you know, whether it's your diet and it just cumulate bits and pieces in it just even as simple as being able to identify sort of what podcasts or what webinars you think are really good and what ones aren't so good. What is helping my performance as opposed to what is not. It's not just about okay, trading a head and shoulders pattern isn't working for me. I mean, alright, that's part of it. But process is a lot more than just which chart patterns, you know, you're told that process encompasses so many things.</p><p>Agnieszka  29:31  </p><p>Yes, I always think that, and that's what I teach my students, we look at the whole lifestyle as holistically, basically, I'm saying trading for a living, it's a lifestyle. It's not a job. Yes, it's a business to trade for a living, but it's a lifestyle. And every single element of that lifestyle has to support that performance. It's just like, being a professional athlete, right? </p><p>Gary  29:55</p><p>I totally agree with you on that. </p><p>Agnieszka  29:58</p><p>It's not just going to the gym for two hours a day, it's like everything around it has to support those, you know, pretty much few minutes, maybe when you are in the trade, because obviously, you're not going to be hitting, I mean, some people do hitting buttons all the time, right? Buy and Sell. But it is really picking those moments, where you know, okay, now I'm absolutely focused and convinced, to put everything, 150% into that trade. And, you know, just like an Olympics, you train the whole year, and then you have the moment of your performance, pretty much.</p><p>Gary  30:32  </p><p>Accumulating, like positives are things that can help, your performance. You know, they can come from all different areas.</p><p>Agnieszka  31:15  </p><p>Totally. You were saying that when you work for yourself, it is easier to stop. But actually, what I see from traders who are still struggling, it is the opposite, right? Because the moment that they step over to, I have to make money trading, they think they have to be there all the time. Because otherwise, how are they going to make money? And that detachment is so difficult, but it actually brings them to the attitude of being desperate. And that is never a good adviser in trading, to be desperate.</p><p>Gary  31:15  </p><p>I completely agree with you. And I think that there's definitely a distinction between, say, literally trading to pay the bills, because that is, effectively your full-time job, as opposed to trading is not necessarily as a hobby, but it's sort of a supplement to your income, or they're two very different things and different levels of pressure. And I agree with you. But if you're trading out of sort of necessity to pay that bill, it affects your judgment and can affect your judgment. That's something to take into account, when you consider if, if you want to do this. Do you, do you have the capacity to wait it out? In other words, while you learn your trade? In other words, it could take you a year or two maybe even longer, before you're making what I would call meaningful money on your own? And are you in a place to be able to afford doing that, and without getting discouraged? Because if you're not in a position to do that, then you are going to be making very pressurized decisions, and probably not the best decisions. And I think you have to be honest with yourself as to what you can afford? And do you have the capacity to take the time to learn how to do this properly? Or maybe you don't, and maybe you have to accept that I'm going to do a job to provide me an income and then maybe I'll trade as a supplement to that. But not rely on it to pay my bills, until I demonstrate that I'm good enough to do that.</p><p>Agnieszka  32:49  </p><p>Yes, and I remember that when I started. And I've read that book, I think it was Trading in a Zone. Yes, that's, that said, you need two years of income. And everyone was saying that. So, you just need about two years for you know, savings. Just to be sure that you can actually trade for a living, so you don't have that pressure. And I thought that I would be different. I'm like two years? This is not going to take me two years. Absolutely. That it absolutely did.</p><p>Gary  33:24  </p><p>Interesting because I, I've actually come across people in the market, including some experienced professionals who've been in the markets for as long as I have or longer. I mean, one person that I've come across his claim that it took him actually five to six years. You know, before he, he got to a point where he felt really, really comfortable with what he was doing. And you know, he says, the next 35 years have been very productive. So, okay, yes, he was relatively young when he began that journey and maybe one year 23, 24, 25. It's a bit easier to say, okay, I'll take that kind of time because you don't necessarily have children to support and all that. But the point was, he had that time and he utilized it. And he benefited from it. But I mean, routine, routinely. I've never heard anybody say that, oh, this is something that they just get within six months. I mean, of course, there are exceptions, maybe people who just have a fantastic natural talent, but I think for most people, it's time that has to be invested. And not just like passing an exam or taking a course or whatever. It's observation and experimentation.</p><p>Agnieszka  34:41  </p><p>Yeah. And, you know, improving too. </p><p>Gary  34:44</p><p>Seeing what works and what doesn't work. </p><p>Agnieszka  34:47</p><p>Exactly. Because if you do, if you keep, you know, you can take 10 years, and but if you keep doing the same things that don't work, maybe it will take you 20. Right?</p><p>Gary  34:57  </p><p>I think this is it, I think what you hit upon is, I think it’s a major piece of the whole puzzle, which is identify what's not working, but not only identifying, saying that it's not working. I think it's difficult for people to do that, myself included, when you use strategies before that historically have worked, and then you encounter conditions that have changed, that make the strategy less useful? It's difficult, because I think human nature be okay, I'll wait, I'll stick with the strategy, I'll just wait. Because eventually, the market will return to what was before. But that's dangerous, because sometimes, sometimes conditions never return to what they were, I mean, as an example, is now. I mean, we may never see zero interest rates. I mean, we're, you know, we're in a very different environment than we were pre-pandemic, or even a year ago, and, you know, volatility regimes can change. And if you're not willing to accept that, I think you're really, really setting yourself up for you know, for obstacles, because not only you're not going to make money, then you're going to draw down. And it becomes even harder, because then you've got to recover, just to get back to break even again, before you can start money again. Probably, I think it's easier for people to accept that something's not working, if they can identify why. If they can sell, okay, the strategy isn't working, because I'm trading breakouts when the VIX is trading between a range of 18 to 22. And, you know, the chart suggests that when certain levels break, the market should follow through and continue and fundamentals back my view. But if we're in a very low volatility room, regime, you, you know, you may have a lot of false breakouts, you know, you may have a lot of situations where I mean, I think you can say we just have one of the stock market recently, where we began the year very strong, even though there were problems that we could all identify, not just Ukraine, but just all inflation, and just there were issues, if the market kept rising and look strong, and it was difficult, because you say, okay, fundamentals aren't great, price action is positive. And, you know–</p><p>Agnieszka  37:21  </p><p>But the feeling wasn't there, right? The conviction. </p><p>Gary  37:25</p><p>Exactly, the conviction wasn't there. And I think part of it as well was that we had been in a low volatility regime prior to the last two days. And that was also going to work against the upside breakout, but it's difficult for markets to really race either higher or low. You know, if the VIX is that low, you have to ask yourself, okay, what am I going to do on that? Am I going to keep trading? You know, breakout strategies in this environment? I think the answer that is probably, not necessarily straight, yes or no, but I think the answer to that is probably, maybe I'll trade breakouts sometimes, but less often. I'll be more selective in my criteria, lower my expectations about how far you know, I think the market can go, in other words, make changes, either to your strategy or the expectations around the strategy or both. But if you reach a point where it's continuously not working, and I think you have to accept that and say, I'm not going to do this anymore.</p><p>Agnieszka  38:27  </p><p>Yeah, having the flexibility to pivot, right, and adjust and be flexible.</p><p>Gary  38:32  </p><p>I'll give you a great example of something that I've experienced in recent year and it's been going on for recent years, I would say, over the time that I've been in the business, historically, when you had a major technical breakout, and then you had a retracement to the original breakout level. This is let's say the 1980s 1990s, maybe even 2000s, that return to the breakout level, original breakout level would often be an opportunity, it would be an opportunity to like add to the position and like it took some off, you can start to put it back on and you wouldn't hesitate to do that. You just say wow, this is Uh, thank God for this, like what, you know, how wonderful. And you would never think that oh, you know, actually, it's not an opportunity, it might mean that breakout was false. And because for many years, you got continuation, you know, before markets became more mature and more sophisticated and more automated if you like. And, you know, all of a sudden trend, trend following over time, became not such a guaranteed strategy. And I think especially, let's say in the last three to five years, where you've had monetary policy, so really, really dominant over markets, you see this a lot, where if a market breaks out, and then retraces, most of the time, I don't want to re-enter. If it actually returns to the original breakout level these days, I'm not saying that I'll never re-enter the trade. But I would say seven or eight times out of 10, I'll say hang on a minute, there’s a reason why the markets not following through, why it's not continuing and an example that when we broke up, say, 4000 on the S&P, whatever was in January, February. I financially did well, I close to 4200. I said to myself, if we get back down to 4000, I'm not going to be so quick to buy that dip. Because I've seen this time and time again in recent years. And l and below, what's happened? You know, we've now gone global 4000 below 3900. And I'm not saying that the market is gonna like crash. And what I'm saying is not even in response to what happens SVB. But it's an observation. But it wasn't working for me in recent years. Buying the retracements. I stopped, I don't do it. Unless I have a really good reason. You know, the market retraces to the breakout level. And there's something going on in a related market or a piece of news that supports the trade, then I'll consider it but I'm not robotically doing it as I would have 20 or 30 years ago. It’s a huge change and it's disappointing in a way.</p><p>Agnieszka  41:11  </p><p>Of course, it is. Because it's not, you know, it's not predictable, and you cannot assume things, but I think this is the part of trading that is so important to realize that it's all about responsibility, right? Your ability to respond to what is happening, not just kind of go on automatic pilot, because there is always something different and you, you just cannot keep assuming things. You making your thesis, but you have to acknowledge that you might be wrong. It's just like with life, instead of living on the automatic pilot, just experience what is actually happening, and then respond to that. Right? Instead of reacting to that.</p><p>Gary  41:51  </p><p>Absolutely, I think it was easier, say decades ago to like, formulate a strong thesis, and just kind of stick with that and milk that and hope that it would persist for a number of weeks or maybe longer. But you know, if you look at what goes on and markets, even before the pandemic, certainly since the pandemic. The narratives can change so quickly. You know, sometimes in what, 24 hours, 48 hours. So, if you're looking for a sustainable trend, sometimes that's not going to be there. I mean, all right. We had one an interest rates last year with the trends just were relentless. But I would say more typically, in the current environment. Trends don't last that long. And part of this, I think, is because of technology in the sense that we all process information so quickly.</p><p>Agnieszka  42:42  </p><p>Yeah, exactly. </p><p>Gary  43:39  </p><p>It just takes a nanosecond to process it. So, it's reflected in prices quite quickly. And I think that's why when, when prices break out and then fail, and return to their original breakout levels, and maybe put it's the same the price order. You know, we all access to instant information. We don't need to wait for research reports to be physically mailed to us, we just click and we can read all that we want about what's going on. So, I think that, that changes the speed with which markets move.</p><p>Agnieszka  43:13  </p><p>And the character of those movements too, but I think that somewhere inside people there is this nostalgia of hanging on to the old and things being predictable and like attaching yourself to it. And that's what is causing the issues too, to detach and to move on, to just say, Okay, no, it's not like this. It's like that, right? That ability to pivot. And when you don't have as a person, that agility, but the market pivots all the time. Now you're not in alignment with each other. And I think that is causing a lot of issues.</p><p>Gary  43:53  </p><p>Absolutely. I think could almost be more of a problem for more experienced traders in a way. Where it's somebody very young or new to the market doesn't have those previous ideas as with the old habits to cling on to, so he might, he or she might find it easier to sort of change and adapt whereas the more experienced person, you can be resentful about it.</p><p>Agnieszka  44:15  </p><p>Yeah, because people don't like changes.</p><p>Gary  44:19  </p><p>No. I think as well, sometimes, you know, making the pivot means, A - identifying that the previous thing you really doesn't working. And it might mean that there's a pivot gap, before you find the new thing to replace the old thing. Not as simple as you go to sleep, out with the old and wake up in with the new, it might not be that quick, you may need some time to come up with a methodology or an approach that suits you and better suits the current regime. And I think also that might frighten people or anger people, because I'm, I wasn't supposed to be this way. I'm not supposed to. What do you mean, I can't trade for two weeks until I figure this out? And.</p><p>Agnieszka  45:00  </p><p>Right, exactly like, how am I going to make money?</p><p>Gary  45:03  </p><p>Exactly, exactly right.</p><p>Agnieszka  45:07  </p><p>Yeah, yeah. So, um, being a professional trader, have you ever felt it, I made it. Because we talked a lot about having success. And traders have this idea of the day that will come at some point, when I made it. And I always tried to bring over the message, day like that doesn't exist, because that would mean that once you reach it, is then you'd have can relax and just not work hard anymore. And I don't think it exists in trading. But have you ever had that moment? Okay, I made it, or is there always that uncertainty? </p><p>Gary  45:49  </p><p>I, I think there's always an element of at least for me, there's always an element of uncertainty. Although there have been, I think there have been times to in my life where, when I felt like my confidence has risen. And like my competence, you know, has risen, that I've been, you know, through experience really knowing when to recognize situations that are in the react to those situations faster, when I recognize them. But I agree with you, I've never felt, where I reach a point and I go, oh, wow, I feel like I've got this figured out. And I can therefore allow myself to lower my discipline or get lazy with my process. I say this all the time. I think it never ends. I mean, whether you're 30, 50, 70, or during this, this, you know, you're always growing, and there's always room for improvement. And I think it's better to look at it that way, instead of saying, I want to reach a day where, you know, I can just turn on the light switch, I can say I've made it. I mean, I think, if that's what you're looking for, I think you're gonna be disappointed. Whereas, if it's more a case of just ongoing, incremental improvements, your results and your process, you're going to be happier and I think you're going to do better, in the end, and also accepting that you're never going to fully figure this out. Never. I mean, even the best, you're never, you know, they're always going to be times when you get something dead wrong, even when you thought you had 100%. You know, properly analyzed, and I think it requires that sort of humility as well. And rationality to say that, you know, that's okay. You know, the goal isn't to be like, the Lewis Hamilton of trade.</p><p>Agnieszka  47:33  </p><p>Right. And most of traders who are getting into trading is because they like challenge because they're ambitious, right? But then the moment they're there and it starts to be difficult. The focus switches to, when it's gonna stop to be difficult?</p><p>Gary  47:52  </p><p>Exactly. I mean, like, Can you, can you just embrace the fact that it's not just gonna all of a sudden become easy? Can, Can you just take that on board and say, okay, it might get a bit easier, but it's not going to become easy? And I'll tell you why it won't be easy, it won't become easy, because conditions are always going to change. And I think is part of what makes it challenging and difficult. Is that regimes change, conditions change, and I think now faster than ever. You know, because of what I said before because of the availability of information. You know, narratives and trends are changing like at lightning speed compared to how they did before. So, you could find yourself maybe making some money in the early part of the week, but if you're not careful to sort of recognize the shift in the narrative, in the middle of the week, in a lot of parts of the week you can end up giving a lot of that money back. </p><p>Agnieszka  48:49  </p><p>Yesh. So, what do you enjoy about trading?</p><p>Gary  48:53  </p><p>I think, I think the, what you said the fact that it's a puzzle, you know, that you're all and you're trying to put a lot of different pieces together. And that, you know, it's not, it's not easy. If you like, I think that's what you said, a challenge. It's almost like, it's gonna sound strange, but like, you know, with being with a woman who challenges you, who is complicated or not, you know, whatever, just.</p><p>Agnieszka  49:22  </p><p>Yes and I love that analogy, because I always say, don't be easy. Just don't be easy, you know, be a little bit difficult. Don't, don't be desperate, just let the market convince you, you know.</p><p>Gary  49:35  </p><p>Exactly, right? In other words, that's a good way of putting it. In other words, let the market show you something that warrants putting, you know, putting the risk on? It's nice also, when you're proven right, I have to admit that it's, it is a very rewarding feeling if you have an idea, even if it takes time to be born, right? So, that, I guess, probably the thing is, it never bores me. I've never, after doing this for all these years, I still I never get bored of it. There's always something different. The fact that there's so many things, moving markets, whether it's political politics, economics, technicals, and I like that, and I feel privileged in the way that to do something that, that I find interesting.</p><p>Agnieszka  50:17  </p><p>It's like being in a relationship, in the honeymoon phase for always, right?</p><p>Gary  50:24  </p><p>Yes. Yes, it is. Frustrating at times, but on the whole. Certainly don’t get bored. Grateful for that.</p><p>Agnieszka  50:35  </p><p>Well, that brings us to the end of the episode. And thank you so much, Gary, for joining us. And for this candid conversation, I hope that it will help traders who are listening to this to gain some perspective and understand that trading is a never-ending story. It's not once done and that’s it. It's every day putting effort, putting focus and that's also what makes it so exciting.</p><p>Gary  51:07  </p><p>Yes, I agree. I, thank you so much for having me. I really appreciate it. And I hope that you are able to communicate with the people you work with and help them in their journey to develop and you've made a lot of points here. So, hopefully, people will pick up on that.</p><p>Agnieszka  51:25  </p><p>Thank you. Thank you so much for listening. And thank you so much for joining Gary. Thank you so much for listening to the Confidence in Trading podcast. If you enjoyed my show, please rate and review it on Apple podcasts. And be sure to subscribe so you can come back for a real live conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget you too can realize your dream without losing yourself and your confidence in the process. Thank you so much for joining us today. Thank you.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="56749523" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/744fcbfb-d6dc-421a-9841-abb37d836af3/audio/c7d4e273-8fb2-4669-bdda-eb720be8b0fa/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trading for a Living</itunes:title>
      <itunes:author>Gary Portgual</itunes:author>
      <itunes:duration>00:52:13</itunes:duration>
      <itunes:summary>Gary Portugal talks to Agnieszka about his core beliefs on finding success in trading, and it has nothing to do with quick wins large amounts of capital. For Gary, trading is a process that requires an honest look at yourself, learning from mistakes, and evolving the process over time. Everyone makes mistakes when they first start trading. It&apos;s how you handle those mistakes and grow from your experience that sets the professionals apart. </itunes:summary>
      <itunes:subtitle>Gary Portugal talks to Agnieszka about his core beliefs on finding success in trading, and it has nothing to do with quick wins large amounts of capital. For Gary, trading is a process that requires an honest look at yourself, learning from mistakes, and evolving the process over time. Everyone makes mistakes when they first start trading. It&apos;s how you handle those mistakes and grow from your experience that sets the professionals apart. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>3</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">67124da0-76fb-4943-b399-a66e2ad2819f</guid>
      <title>The &quot;Made It&quot; Day</title>
      <description><![CDATA[<p>In this episode, Agnieszka talks with Peter Robbins about his fascinating, decades-long journey in the world of trading. He shares what got him started, the realities of the trading world, including how to recognize and avoid the risk that many new traders face. They discuss everything from his inspiration to start trading, how to keep the motivation going, and what he would do if he had to stop trading. </p><p>Peter also shares his tips on managing expectations, gathering experience and wisdom, and managing the fear of missing out, or FOMO. You’ll hear expert opinions about what you need to take into account when you want to trade for a living. Let Peter’s story and his wisdom help you find your way in your own journey as a trader.</p><p><strong>About Peter Robbins</strong></p><p>Peter Robbins has been on a trading journey for over forty years. Over this period, he has experienced numerous market  cycles and learned many lessons. From day trading futures, to swing trading stocks and options, to trend trading ETFs - Peter's style of trading has evolved over the years. He continues to learn along the way and adapt to the ever-changing market environment, whilst modifying his personal  trading style and risk profile.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Peter Robbins:</strong></p><ul><li><a href="https://twitter.com/prrobbins">Twitter: @prrobbins</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>Agnieszka  0:15  </p><p>I am Agnieszka Wood. And on today's show, I am very excited to introduce my special guest, Peter Robbins. Peter has been a trader for over 45 years. And as you can imagine, over such a long period of time, he has learned many valuable lessons. At this point, Peter has over 120,000 followers on Twitter and he's sharing his insight there on a daily basis. So, if you want to get some of his wisdom, make sure you click on the link in the description and follow him. I asked Peter to join me today to discuss his point of view on the topic that most traders are wondering about all the time. Will I ever make it? Welcome to episode number two, the “made it” day. Hi Peter, and welcome to the Confidence in Trading podcast.</p><p>Peter  1:09  </p><p>Also nice to see you again, Agnieszka. I'm excited that you've started this podcast to discuss a lot of the issues around trader psychology and critical point-a very critical component to trader successes, as we both know, and I'm honored to be invited as a guest and look forward to the conversation, so thank you.</p><p>Agnieszka  1:29  </p><p>Thank you so much for being here. I always enjoy talking to you. And we do that on a regular basis. I remember when we met last year, it was actually around that period that we met for the first time and we did a class together. You were my guest at my master class a year ago. And since then, we've been in touch and I always, always enjoyed the conversation. So, I am absolutely thrilled to have you here on my brand-new podcast. So, let's get right into it. Most traders, most aspiring traders begin their journey with very high hopes and a high level of confidence.  Despite the statistics showing that most traders fail to achieve success, just nobody seems to be discouraged. The success seems imminent, until the trading losses start to chip away at the confidence and the emotions make achieving consistent profit, a sort of Sisyphean task. That's where the doubt creeps in. And most traders begin to question their abilities in themselves; will I ever make it? I'm talking to many traders on a daily basis. And it seems that there is this idea of the day when the things will suddenly click and trading becomes effortless. When the money streams to your account and all trouble is a matter of the past. I'm very curious, Peter, if you have ever had the same idea when you were at the point of your trading journey where things got rough? Have you ever thought that there will be this one point in time where, when from one to another day, things will suddenly change? And what was the reality?</p><p>Peter  3:17  </p><p>Well, I think you know, learning to trade or invest whatever you want to call it is, it's like learning any other skill, right? And unfortunately, you know, out there in the, out there in social media, people that are exposed to the, you know, being introduced to trading, or many people believe or are sold that there is no learning curve, right? You just have to jump in and you're gonna be successful. Right? And that's, you know, they expect it to be very simple. And that, you know, the fortune awaits you just by opening an account and pushing a few buttons. Right? So, you know, well, coming back to myself, the reality is, yes, I've been on this journey for 40 plus years, and continuously learning something new, you're always gonna go through different ups and downs of your own experience. Right? But when you're learning something new, you know, it takes time, right? And I think a lot of people come to the game or come to the business with very unrealistic expectations. Right? And so they, they're waiting for this aha moment. For my personal thing, did I ever think I was going to be a time when I would make it? You always hope you'll hit that point. But I think when I started, and we'll talk about my journey a little bit in a second, but you know, I have very clear expectations that this is a business. This is something you’ve got to take your time to learn. And like anything else over you know, it will take time and it'll click right? So, whether you're learning to drive, play an instrument, whatever you do, normally people come to those, learning those things with the clear expectations, right? They know they gotta learn this; let’s talk piano. You gotta learn the scales and then eventually you learn chords, and eventually, at some day, you may be able to play Mozart. Right? Whereas, with trading, you can start the game and people immediately try to play Mozart. And, you know, again, it's how you approach the business and the expectations. And see that journey and learning curve, right?</p><p>Agnieszka  5:28  </p><p>Yeah, because it's so interesting, like the statistics are actually staggering, right, that it's over 90% of traders are not going to “make it”, if you will. I had that myself, like, but I will be different. Do you see that from other traders that like maybe the ambition, is that the ambition that they have? Or does… is this day of “I make it” keeps them motivated? What do you think it is?</p><p>Peter  5:57  </p><p>Well, I think a lot of people come to trading as already professionals as well, right? So, there's this group of very intelligent people, they've had a career that they've been very successful at, and they just think this is just another business, right? Then I'm gonna learn it, I'm gonna be expert at it, and they're already well educated, possibly, they already have been successful in other endeavors in their life, right? And then all of a sudden, the reality of trading is something completely different to them. Right? And, you know, I think whenever you're dealing with something where money is involved… {laughs} And money, where there's no, people did not put constraints on themselves when they learn, right, so, you can basically do anything you want, and people don't understand the risks involved. And that it is a journey, and you’ve got to start slowly, and you’ve got to build up your experience, and you’ve got to challenge, you’ve got to deal with these, you're talking about the different challenges you face as a trader, right? So, it's like any other business, there's, there's all the things you’ve got to deal with, right, the administration, setting up an account, having capital, you know, making decisions. And all of that is hard enough, like you got to learn that as a new trader, but you've also got this opportunity to do whatever you want, right? And you can do anything. And if you don't understand or come to the game, come to the business with an understanding of what those risks are, it's very easy to make decisions that can either wipe you out or take or make you go back, right, one step forward, two steps back, instead of let's just take one step at a time until we get to our, to our… What did you call it or “made it”? You know, the made–</p><p>Agnieszka  7:37</p><p>Yeah, the “made it” day. </p><p>Peter  7:39</p><p>The “made it” day, right? So, the problem is you can… And over time as well, you can feel like I've “made it”. How many people during this late last bull market thought they “made it” after one month of trading, right? They started trading, it's like, oh, this is easy, I understand this, I'm making lots of money. And then they realize awful quickly, okay, I might have “made it” for a month or two. But, you know, I didn't really understand. You know, and that's, again, part of that learning, right, that you go through?</p><p>Agnieszka  8:05  </p><p>Right. And, you know, it's like, it's so very interesting what you, what you said about how people step into it, and the fact that they can do what they want, because there is really nobody else telling them, okay, you should not be doing that, right? Because it's just them on the computer. So, in fact, the fact that they don't have the limitations, kind of brings them into trouble. Plus, of course, they trade, not just for money, they also trade the money. So, the money is just like right there like this carrot on the stick, so to say, right? Becoming a total frustration for, the source of frustration for a lot of people.</p><p>Peter  8:45 </p><p>Or, I use an example of learning to drive a car, right? So, it's very structured, right, you start off by going up and down your driveway. And it's all about being safe, right? So, initially, you just stay off of the roads. And then eventually you do testing to make sure you understand the fundamentals of it. And then they finally allow you to go out on the road, but you have to be with someone else who's watching you and making sure that you're safe. And then, then you do another test to make sure you've reached a certain level and then eventually you're allowed to go on the highway where maybe the risk is the highest. But in trading, you can literally start the car and be–</p><p>Agnieszka  9:22</p><p>And just drive.</p><p>Peter  9:24</p><p>–On the highway immediately. Right? </p><p>Agnieszka  9:30</p><p>That's so good. </p><p>Peter  9:31</p><p>And so many, so many people they don't even… Like everyone knows the risks of driving, right? It's self-evident, right? But something like trading, especially a lot of these young new traders, or new people interested in trading. There’s just so, so much misinformation online, right? So, they're basically told well, you can day trade, quit your job, you can be making a million in no time, etc. And no one is telling them the reality right and those hard facts. You know, you don't sell courses by being real, right? Because no one's going to be interested to hear that, right? It's, but it's very easy to sell someone on something that and they have no concern for the risks that these people are taking and the devastation that's being caused by that. Right? </p><p>Agnieszka  10:10  </p><p>Yeah, and the devastation is that we're not only talking about financial devastation, but I mean, I see it every day that you know, when that financial devastation takes longer, or just simply the frustration, the health, the family life suffers, there is really so much more to it. When you're making that parallel to a car, or learning to drive a car—I don't know if this is also in the U.S. But that just popped into my mind. Do you know that when I did my driver's license in Poland, back then, a long time ago, you know that the cars that we are actually driving that we are learning on, the instructor has an extra brake pedal? Is that also here in the US?</p><p>Peter  10:52  </p><p>Yeah, if you, if you take, well, just, just a reminder, I'm in Canada, so but–</p><p>Agnieszka  10:58</p><p>That’s true.</p><p>Peter  10:59</p><p>–in Canada, and I assume in the US, too, if you're taking a driving course, with an instructor that has a vehicle, yeah, they have a brake on their side. So, they can, they can monitor you, they can watch you and they can, you know, put a stop in if they need it. Right? And, and it's the same thing with a trader, right? If most of them–</p><p>Agnieszka  11:17</p><p>Yeah, that would be helpful. </p><p>Peter  11:18</p><p>Yeah, no one, no one has a mentor, if you don't have a mentor, you don't have anyone that's experienced. You know, it would be nice if there was a mandatory stop that protected you, or mandatory limits to the size that you could put on. And again, like, I know, for myself, when I talk about new traders and how I would approach trading, if I was to do it over again, I would start off with one or two instruments that are not too volatile, I'd be trading small size relative to me, to what I, what I hopefully will get to, and just like driving, right? You do, you do your drive around on the side streets until you get comfortable. And then you eventually get bigger in size and as you gain skills and experience.</p><p>Agnieszka  11:59  </p><p>Yeah, totally. That's a very good, very good metaphor. So, for everyone who is listening, just think about how you drive. And that, you know, most of the time you do stop at the traffic lights, right? You do avoid the risk, you're not exposing yourself on purpose to get in trouble. So, try to do that in trading too. Just simply managing your risk and thinking about the consequences of every action you're taking. Peter, let's talk about your trading journey. How did it evolve throughout, throughout the years?</p><p>Peter  12:37  </p><p>Yeah, and like, you're talking about you're learning to drive? Well, my learning to trade, this goes back many, many years too. It's hard to even remember back that far. But I started when I was 15 years old. I always had a passion for investing trading. I wouldn't call it trading back then because most people didn't trade, right? It was you got to imagine at that time, you know, there was all these boutique brokerage firms around, the commissions were unbelievable. There were no computers, there was no instantaneous. If you called your broker with an order, you might find out an hour later what your fill was. And, and then the commissions were, you know, especially if you're a small trader, you literally were trading to pay the brokerage commissions, right? Unless you're, unless you're really lucky. And back then again, it's—I personally was very interested in business, I was interested in trading. I live in Canada, like I said, and Canada is very resource-based. So, there's lots of penny shares and lots of penny stocks back then and all these little brokerage firms, they had these newsletters that went out and talked about, you know, it was the same thing, it was just a different type of pump and dump, right? Instead of right, instead of on computers, they did it by newsletter. And those newsletters, again, talk about how things have changed, they would come out every two weeks, right? As opposed to every five seconds, every second on the internet now you can find something new, right? So, but again, back then when I started I was more interested in business and interested in the investment field. And but again, I opened up an account when I was 15, very naive. Again, just like most traders, they start off driving fast before they even know how to drive, right? But again, I was, I was interested in business and willing to learn and, and no computers, no internet. There's very little even material on, there was material on investing, but it was more business related and fundamentally based, right? Technical Analysis back then was thought of as a joke, like if anyone, each of the brokerage boutiques, they might have some crazy guy in the back that was drawing charts and they kind of maybe would talk to him every once a while, but it wasn't, it wasn't serious. But again over time, you know more materials came out and obviously very different today than what it was back then. And so, when I graduated highschool, I went into university studying business, I was a CPA as well. So, I'm a professional accountant. But for some reason, I was never really interested in the fundamental side of investing, I was interested in learning technicals and being more of a trader, right? I had to sort of wait up, wait for the technology to catch up with what I wanted to do.</p><p>Agnieszka  15:10  </p><p>You were too early.</p><p>Peter 15:13  </p><p>But even during university, I was, I would go into different brokerage firms and meet different people that were involved. And my real goal was to go into the investment business, right? Not be a trader, back then; it was more to be in the industry. But I happened to graduate at a year when there was a major Bear Market.</p><p>Agnieszka  15:33  </p><p>So, it wasn't a good time either.</p><p>Peter 15:34  </p><p>So, there was a major Bear Market, as well as at the time, all of the individual boutiques, brokerage boutiques were consolidating. So, there was a major change in the whole industry, right? So, literally, there was no jobs available. But I was lucky enough to land a job in a large insurance, the largest insurance company in Canada, and it was in the corporate investment office. So, it was one of these fluke jobs I was exposed... And again, this is before personal computers, or just when personal computers were coming out. So, they still had the, sort of the ticker tape in the mailroom that you could go and go and watch. But I was exposed to all of the trading that was going on in that insurance company. Right? So, it was a really great education for me… So, again, I was, again, more interested in investment sites. I had my own accounts, I was saving money, I was putting it into different investments. And back then, just like now, there's always the latest guru, right? Like, who's the, who's the hot guy? There was a fellow in Canada that was writing books on, on trading and how to make a million and all these sort of things. So, I was, I was following this and following, you know, different techniques. And then, when I was working, I ended up reading a book called Trading Chaos by Bill Williams. And that was the first time where something really clicked with me, like this really makes sense. And he really approached not only having a trading strategy, but also was the first time really exposed to the psychological side of things, right? And really understanding the impact of that and how you need to focus on that aspect of it to really be successful. Right? So, anyway, I ended up, when I ended up leaving the insurance industry to start my own company with a partner  in the real estate business, right? Because, like I said, my goal was never to be… to trade for a living. My goal was to learn trading and have that as a supplement.</p><p>Agnieszka  17:29  </p><p>Okay, so that was your initial idea. In general, you didn't… Okay, gotcha.</p><p>Peter  17:34  </p><p>Well, my first idea was to be into business, and then I couldn’t get into business. And then as I evolved, I thought, you know, times change, and your life changes in different interests and things go so. But it's kind of ironic, or it's kind of funny… I'm the opposite of most people, most people have a job and they want to become a full-time trader. I was, I always wanted to have a career in different things, I was more, you know, you could make money as an entrepreneur, but interested in trading on the side. And what ended up happening was that around this, this was another, again, one of the advantages of, of age is like gone through multiple cycles, and you'll learn something new with each cycle, and there happened to be a real estate downturn at this time. So, I was kind of forced to what do I do? Do I go get another job? Or do I… So, we were sort of holding on to some real estate on the side, but it wasn't economic to build it out. So, we had a waiting period. So, I saw… then I went and studied with Bill Williams down in Texas city and so that he was a Futures Trader. So, we were trading commodities and trading, and I had a couple of business partners where we also attract, took on some money to trade other people's money, which is a whole other psychological–</p><p>Agnieszka  18:43</p><p>Oh yeah, I bet. </p><p>Peter  18:45</p><p>–psychological thing, right? So, I did that for a while. And then also, I was getting married at the time and had a couple of children and it just so happens at one point, everyone took their money out of this, the business we were running, and for whatever reason, everyone had some personal situations, right? So, again, and this is another reality of how much can you make, and how much capital you need to do that, right? So, earning a living trading is something that requires capital, that requires commitment and requires so many different things. So, again, my personal situation at the time, I ended up then going and having another career and but continuously traded and over this time, you know traded many different styles and all every instrument you can imagine, some with my own funds, some trading other people's funds. I day-traded the S&P or day-traded commodities during that period of time. and now have evolved into a Trend Trader and a Swing Trader, because I do, because I do have a full-time job. But that's some of my experience there. </p><p>Agnieszka  19:52  </p><p>That’s so fascinating how many different phases you went through, and what I wanted to ask you is, the decisions that you were making, whether you swing trade, whether you day trade, what instrument you trade, how did you make those decisions? Was it wasn't because you were struggling with one and you went to another? Because, the reason why I'm asking is a lot of times you see that traders change how they trade and, for example, if they cannot make consistent profit with Day Trading, they will say, oh, this doesn't work, I'm gonna switch to Swing Trading, it's gonna be better. Or the stocks don't work, I'll go Options, because I heard some guy made a million with Options, right? What was your motivation to change? And do you think it is easier to make it one or the other way? Or is it really not about what you trade?</p><p>Peter  20:40  </p><p>Well, you know, the reality is many people do flip-flop from one style to another, thinking that it is the strategy that will make the difference for them. Right? And like you just said, a lot of times, it's either they haven't tackled the psychological aspect of it. Or it could also be that they haven't found the style that works for them, right? So, it is critical, and you will hear this from someone serious, so you got to find a style that fits your personality, but also has to fit your lifestyle, your financial expectations. And like you say, there's so many different styles out there, right? I always teach people or tell people that if you're interested in trading, or you think you are, first study at a number of different styles. And just like me with when I read Trading Chaos, it just spoke to me, you know what I mean? This is like, okay, this makes sense. And I know you'll talk to people, a lot of people trade sort or invest using the CAN SLIM methodologies and other ones; it's very, very popular. And it's the same thing. You just read it, you understand it, that's something that I'm committed to, right? And then but, you know, again, you can some people scalp to chart five-minute charts. And then there's Long Term Trading, right? But you really got to ask yourself, why are you trading? And what's your time commitment? Does it want it to be a full-time career? Or is it a side hustle, to supplement other sources of income? What is your risk profile? What is your personal circumstances? Your personal lifestyle? Right? And a lot of people feel that this trading for a living is, I don't know what that means. It's an interesting thing that people think, you know, it's some, some great career, right? If you talk to many people that trade for a living, it is probably the hardest career you can pick. And it's a struggle, same thing. Do you have… Do you have children? Are you married? Do you have kids? You know, what are your financial obligations? How much capital do you have to commit? You know? And again, how much do you need to survive? Right? That just the reality, right? Especially on this learning curve, right? So, a lot of people are desperate, because they need the money to survive, they've committed to, you know, trying to trade for a living, and then when they're not making the money they need, then they're more likely to flip flop, but you know, they'll go to Options, or they go to Penny stocks, or they go to, you know, something that offers leverage. Like, I don't know how many times they talked to people that have $100, and they think they're gonna make a living trading Forex, right? With 400 times leverage, it's like, oh, yeah, you're, you're gonna have to put in $100 many, many times until you learn the lesson that's not the way to trade for a living, right?</p><p>Agnieszka  23:23  </p><p>Yeah, it's almost like this trading for a living kind of at some point takes over your living and this is not what you want, right? Because, you know, if you cannot mentally disconnect from the need of money, and the need of money will always be there, no matter how much money you make today, because everyone has to pay their bills. Everyone has obligations, so the need for money will be there. But if you are, whether you have your own business, or are you trading, if you cannot disconnect from, from that and just focus on what you're actually supposed to do when you are trading and just concentrating on money, that I think it is very difficult to, to distantiate and take off that pressure from yourself. And who can really perform under too much pressure. And to have a bit, it's okay, right? Because it keeps you sharp. But if you're completely stressed out because you think you will lose money, that's not gonna really help you to trade. So, after so many years of trading, how do you feel about trading? Like, what place does trading have in your life because you do spend a lot of time, you know, you're on Twitter. I don't know how much time on Twitter you spend but you do help other traders. I know you do different interviews. A lot of people know you. So, they approach you. You never say no. Well, I don't know never… You never said no to me so far. But do you feel you “made it” in terms of trading? And what does that mean?</p><p>Peter  24:55  </p><p>Right. So, to me making it means, well, let me, let me back up for a sec. So, yeah, I spent a lot of trading is a passion. And it always has been right. So, you know, some people, they play golf, some people do whatever, it's like, me, I love to talk to traders, I love to read about trading. And I love to trade, right? And the thing that I've been able to say… As far as “made it”, the beauty now… I've gone through so many cycles, I've learned so many techniques, I found what works for me, right, which is hopefully you can do that earlier in your, early in your business, right? So, you don't have to keep shift shifting until you find that. Because if you can find what calls for you and then focus on it, then you can become, you know, an expert in it, right? But also, the thing I've learned is your personal circumstances change, you get older, your risk profile changes. So, you may go from… so there's nothing wrong with switching styles. And even that, what you've learned is that you may have to change styles because of the current market environment, right? Like, look at the last two years. </p><p>Agnieszka  26:06</p><p>I know.</p><p>Peter  26:07</p><p>You cannot make it, you cannot make a living as a Trend Trader. Right?</p><p>Peter  26:28  </p><p>But, that knowledge of knowing, okay, this is a good time not to trade, say, as an example, or learn another technique, right, or, and be in tune with the market and what Bill always said want the market wants, right? So, you know, you gotta learn to dance with the market, you got to want what it wants. Not necessarily what… It's not what you want, the market doesn't care what you want, right? So, but that idea of being able to step back with the experience and say, I understand the cycles we're in, I understand what technique is going to work. And either I want to trade that way or I don't, like for the last two years, you know, it's a great time to be a Day Trader, right? Lots of volatility, lots. You can trade the five-minute chart and do great, but I have a full-time job. So, it's not something that I could do. But it was a great opportunity. Just like five years ago, it was great to be a Trend Trader or a Swing Trader, because you just bought the dips, bought the dips, bought the dips, and you can make a great living, right? But, but being able to see that and so when I say, when I've went to someone asked me, have you “made it”, to me that's making it, being able to understand all that and be able to adapt to it. And because there's also this false impression “made it” means you've made your million dollars, it's and again, this is how society portrays traders, on social media, as well as in the movies, right? And look at all the movies, right? Whether Wall Street, whatever it's like, it's all about greed. It's all about making all these, all this money. And they don't even look at the fact that a lot of these people that are like that are the ones that lose the biggest amount of money too. When you look at the biggest, most successful traders in the world, most of them have had devastating losses. Many of the many of the successful traders or, you know, historically successful traders that people read all their books have died broke, committed suicide, right? And that's a thing.</p><p>Agnieszka  28:15  </p><p>Nobody talks about that though, right? In commercials.</p><p>Peter  28:18  </p><p>Exactly. But that thing about trading? Well, again, there's a lot of people that they call themselves traders, they're really gamblers, they're high-risk takers, they have devastating losses, impact their family, their own personal lives, a lot of people commit suicide, there's definitely a negative side of the business. And it is very difficult. It is a hard business. But having that… Making it as far as having a good work-life balance, Trader-life balance is critical. And you can get so caught up in trading, that it becomes all-encompassing in your life. And it is like an addiction, right? And being able to recognize that, you know, if you're going down that path, it's probably not right for you and get out of it or get help. But it's, it's one of those things where it's easy to get caught up in that, right? And it's but having that balance, being patient, learning it slowly is, is what people aren’t saying out there and unfortunately, a lot of young people are getting sucked into the sales pitch and paying severe consequences because of it, right?</p><p>Agnieszka  29:26  </p><p>Yeah, I love the way that you have explained what does that mean for you—“made it.” And I really hope that the listeners will take it very deep into their heart. Because that's exactly what I think the key is to success too, to have more distance to all that ideal picture of, you know, “made it” millionaire, and all this success that is kind of waiting somewhere and nobody really knows if anyone has achieved that, like, easily, right? Without getting bankrupt or getting a heart attack or all the other things you mentioned. So, if you look at the word “made it”, you have to, I think from the mindset perspective, you have to make trading it; it has to be this impersonal thing to you. But a lot of traders make it personal, they identify themselves through the money, through their success. So, they make it very personal and that makes it actually difficult to “make it” to make it impersonal. And it's very difficult for people to stop that. Because once you identify yourself with your success, and you then you really have to keep going, right? Because if you are not bringing something into success, it says everything about you personally. I have a bonus question for you. If someone would tell you now that you have to stop trading, what would you do? Tough question, right?</p><p>Peter  31:06 </p><p>Yeah, no, it's interesting. So, what? So, again, if I had to stop trading, there's still a lot… I get a lot out of just learning about trading, studying trading, talking to traders, and helping other traders, right? So, that would, and that fills a lot of my time anyways. But obviously the, you know, the better trading itself is, is something… And I think this is again differentiating between. Well, first of all, you have to define what is success as a trader, like what does a successful trader mean? A lot of people to your point, they just think it's the equity curve, and it's how much money they make, and unrealistic definition of success, right, because even, even any career anyone has, they have their ups and downs. And in trading, like you’ve got to expect that, at some point, your strategy isn't going to work anymore, there's going to be a period of time where you're gonna have some drawdowns. And that's just being realistic, right? And if you're continuously have this unrealistic expectation, you're just going to torture yourself. And then if you end up having a drawdown, and then they, they triple the size, and they end up… You have this downward spiral, right? But, but to not be able to trade. Like I said, there's been so much, there's so much other benefits you get from trading, other than just financial, right? And the biggest thing, and I know you've talked about this a lot too, is you learn about yourself, right? Like, I always say trading is the greatest psychiatrist, or greatest psychologist, because you can, you cannot trade without facing your issues, your beliefs, your, your reactions to things, your emotions, your feelings, all of these things. And in order to be successful, in the sense of, you know, making consistent, let's call success making consistent earnings or whatever, right? That you need to tackle those things. And you need to address them and confront them and learn to adapt and trade accordingly. Right? And the other thing, too, is, let's face it, we were talking about it's a great community, right? And there's lots of great traders out there. I found through Twitter that I've met lots of great traders, most people are open to talk about their strategies, they'll talk about their experience, like the good ones, like not all the scammers out there that are doing, but there are a lot of guys and women out there that trade that are, if they got the experience, they've they're willing to help their fellow trader, get them, get them going and deal with these issues. And I love your podcast, because I know you're gonna start talking about a lot of these issues, that it's about being real. Right.  And not, not the, the phoniness out there. And the sooner new traders or any trader understands the reality of fact that maybe they can take a step back and approach it in a more, you know, organized manner and treat it as a business that it is. It's not, it's not a game, right? It is a very serious business. And you know, it will… the market will teach you painful lessons and you can confront them and you will learn about your self-reliance and you will have personal growth and you know, there are endless opportunities to do that. And the market will show you the way if you're willing to listen and that's required to make it, right? Like you need to do that.</p><p>Agnieszka  34:24  </p><p>Right. It's almost like your best friend that will always say the truth to you. Right? And the question is, are you ready for the truth? Are you ready to listen to it?</p><p>Peter  34:34  </p><p>You can’t handle the truth.</p><p>Agnieszka 34:36  </p><p>Exactly, can you handle the truth? Because the market is… gives you very, very honest feedback about yourself a very immediate, and you really have to be willing to listen and not negotiate, not resist it. Just just take the feedback, learn from it. And then it will be, it will be much softer for you, you will not get slapped that hard every time. I gave this example, you know, that very first time when you let the loser go and it go, the price goes down, and you actually let it too far and go too far. And now you pray for the price to come back up. And it's almost like the market says, okay, this is the first time I'm gonna help you. Okay, this time, I'm gonna save you. So, you pray there, and you say, I promise I will never do that… This is the last the first and the last time I do it. So, you're saved. The market helps you. Now you can get break even. And you all… thank God, lucky me. But then instead of learning from this and say, wasn't I lucky, the next time that it happens, instead of saying, I'm not gonna do that mistake again. Say, you know what? Last time it worked. I'm gonna just wait until it comes back. So, there you go, you see the feedback we are getting. And actually, if you start seeing things in that way, you get the lesson. If you don't learn, the lesson will be much harder, because you will have to pay.</p><p>Peter  36:04  </p><p>Yeah. And not only that the market will entice you to do something even, even crazier the next time. So, that example, what'll happen is the next time you hold your loss, it's down 20%, you'll say I know it's going to come back so you'll add to the position, right? And you'll keep adding to it and adding to it and that's where a lot of people end up blowing their account. They're saying, well it’s gonna come back, it always does. It might rescue you, but it's like, it's tough. It's testing you again. Yeah. Let's see what happens. </p><p>Agnieszka  36:32  </p><p>You didn’t learn the first time. So you know, sorry, this time I already have to pay. I tried to help you. But sorry. </p><p>Peter  36:42 </p><p>Exactly.</p><p>Agnieszka  36:43</p><p>So, the last question that I would like to ask you, because you have had so much experience and you have been trading for so long. Do you ever struggle as a trader? Do you ever have a feeling like maybe that you missed it? So you, you were at work? And then you see the move? And you go like, I've missed it. I wish I was there. Or that you struggle because you took a loss? Or did you ever struggle?</p><p>Peter  37:08  </p><p>Well, I struggle every day, I think most traders will most traders will say they struggle every day or learn something new every day. And when you say struggle, the question is how much do you struggle, right? So, this is that thing of like, let's say for example, you know, FOMO, let’s use FOMO as an example. So, as an experienced trader, you should not FOMO shouldn't be, it shouldn't bother you, you should say, opportunity is gonna come every day, right? Yeah, and you should be as experienced enough when you see the FOMO because FOMO will, will pop up, right? And that'll be, you know, you'll see whether let's use you know, Bitcoin as an example. Say, right, so that was on Bitcoin, it's gonna go to the moon and everyone's making money. So, you know, during those periods, and I know, let's say the last 10 years, you've seen the marijuana stock bubble, you've seen the Bitcoin bubble, you've seen, you know, anyway… There's always a bubble happening. And what's great now at my, with my experience is to say, okay, I see what's happening, right, and I can, I can watch it. And sometimes you can, then knowing what's going to happen, you can take advantage and trade accordingly. Right, you're not getting, you're not, you know, buying the new the high and things like that. So, so part of it is using that experience, understanding the FOMO because you can, you'll still feel it, right? So, you'll still, it's easy to get caught up in that, but the difference is not acting on it. Right? And, and this is a thing about your emotional reactions. So, do you struggle? Yes, you're human, right? You're gonna have emotions, you can’t help it. One of my big struggles is often taking profits too soon as an example. I'll just use that as, as an example. Right? So, obviously, if you take profits, and then the next, next week, it's up another 10%. You're like, kicking yourself, right? But, you know, putting it into the right perspective realizing, you know, this, I always say, one trade shouldn't make you but one trade can break you. Right? So, knowing that, okay, I missed that one, on to the next one and learn, it's not necessarily learning a lesson, but you do. Again, you're continuously learning. Okay, why did I get out there? I think one of my tweets a couple of days ago, or it’s today's tweet, actually, if you don't have a reason to get out, don't.</p><p>Agnieszka  39:25</p><p>Don’t. Right, I saw that. Yeah. </p><p>Peter  39:27</p><p>Okay. So, that was today's Tweet and what it meant was, and it may be again, I use Twitter; it's more to educate myself and remind myself of all of the lessons I've learned. And that's because I did get out of a trade yesterday that I shouldn't have. I'm Tweeting about my personal experience. </p><p>Agnieszka  39:45 </p><p>That's so cool.</p><p>Peter  39:47</p><p>Not only in the past, but also in reality, right? So.</p><p>Agnieszka  39:52  </p><p>So, that's your inspiration? Basically. Your own journey.</p><p>Peter  39:55 </p><p>Yup, reminding myself of what I should have learned. And if I, you know, so, you know, again, that example of, you've got a strategy, you've got it, you've got an exit strategy, rules in place, follow them, right? And if all of a sudden, like, you know, the last couple of days, obviously, and again, this is more of a timely issue. But what's been happening recently with a banking thing, and lots of lots of volatility. So, it's very easy to look at the market, like, I think it was yesterday, was up strong, and then all of a sudden, it just… In the afternoon, it just started coming off, off, off, off off, right? So, it's easy to get, it's easy to, again, if you're looking at a five-minute chart or something, it's very easy to get, Oh, my God, what's happening here, like, what's going on, I better get out of my position. And once you step back and look and say no, it's, it's just nothing major. Like there's no reason to get out. Right? But anyway, so yeah, that's an example. So, I struggle, yes, do I remind myself, but I don't get hung up on it and beat myself up, right? But I don't, I don't make the mistakes anymore of like, holding on to losing positions and stuff like that. So, those are times but getting out of getting out of positions too early is still something I deal with.</p><p>Agnieszka  41:05  </p><p>That is so, so, so good to remind yourself and everyone because that's, that's again, this, this part have “made it” or not “made it” like, emotions will always be there. This is how we experience life, we are human beings. I personally don't believe in like excluding emotions, in trading. I approach it from a holistic point of view, and teach my students to actually use it to their advantage. But knowing that all these things that normally you struggle with that you know, the FOMO, it's gonna pop up, but it's really about how you're gonna handle it. And those things you can learn, if you know that you can, you can anticipate them, right, and you can, you can decide for yourself how you're gonna handle it. And then with experience, it becomes kind of a muscle memory. And at some point, you will notice that it's there, but you don't feel the urge to react to it. So, that's, that's really good to know that, you know, not having the expectation that one day, all those emotions are just gonna disappear. And you're gonna sit there in front of the computer, and just be calm and poised and no emotions.</p><p>Peter  42:12  </p><p>And just one other point about that, about, again, when we talked about finding the style that works for you, or whatever fits you. And you can do multiples, like when I said, I don't hold losing positions anymore. That's not necessarily true, because I may have a long-term account that it is a Trend Trading account, say and that you're willing to sit through a 20% drawdown. Right? And it fits because you've been holding it for a long time. And it's still within that within the parameters. And then you can have a Short Term trading and scalping account where you might do some Day Trading on the side, because volatility is, but it's when people mix those things. And they, they're looking at their small term scalping account, and trading, like a Trend Trading account and using and using the emotions that are rising to say, well, it's not big dollars, or it's not that important, or, you know, it's again, it's sticking to those rules, and not making excuses. And there's breaking rules for just breaking them. But then there's breaking them where we convince ourselves, it's okay to break them. And…</p><p>Agnieszka  43:16  </p><p>Right? Yeah, there's a lot of gray areas that we can find, right? And to excuse our mistakes or excuse our decisions just to, to not to take the loss basically, if you keep trying avoiding taking the loss. Well, this brings us to the end of this episode. Thank you so much, Peter, for joining me for this candid conversation today. It was an absolute pleasure to have you here and hear your point of view on all these really important issues for every trader, whether you're just starting or you have been trading for a long time. And I really hope that it will help to take the unnecessary pressure off many traders who are listening to this and that they will be willing to adjust the unrealistic expectations because those things are only causing frustration and taking your focus away from the trade, trading the plan basically. </p><p>Agnieszka  44:15</p><p>Thank you so much for listening to the Confidence in Trading podcast. If you enjoyed my show, please rate and review it on Apple podcasts. And be sure to subscribe so you can come back for a real live conversation in the next episode. Until then, this is Agnieszka Wood, from Ahead Coach. And don't forget you too can realize your dream without losing yourself and your confidence in the process. Thank you so much, Peter, for joining us today.</p><p>Peter  44:43  </p><p>Thank you so much.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 21 Apr 2023 05:05:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Peter Robbins)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>In this episode, Agnieszka talks with Peter Robbins about his fascinating, decades-long journey in the world of trading. He shares what got him started, the realities of the trading world, including how to recognize and avoid the risk that many new traders face. They discuss everything from his inspiration to start trading, how to keep the motivation going, and what he would do if he had to stop trading. </p><p>Peter also shares his tips on managing expectations, gathering experience and wisdom, and managing the fear of missing out, or FOMO. You’ll hear expert opinions about what you need to take into account when you want to trade for a living. Let Peter’s story and his wisdom help you find your way in your own journey as a trader.</p><p><strong>About Peter Robbins</strong></p><p>Peter Robbins has been on a trading journey for over forty years. Over this period, he has experienced numerous market  cycles and learned many lessons. From day trading futures, to swing trading stocks and options, to trend trading ETFs - Peter's style of trading has evolved over the years. He continues to learn along the way and adapt to the ever-changing market environment, whilst modifying his personal  trading style and risk profile.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Peter Robbins:</strong></p><ul><li><a href="https://twitter.com/prrobbins">Twitter: @prrobbins</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>Agnieszka  0:15  </p><p>I am Agnieszka Wood. And on today's show, I am very excited to introduce my special guest, Peter Robbins. Peter has been a trader for over 45 years. And as you can imagine, over such a long period of time, he has learned many valuable lessons. At this point, Peter has over 120,000 followers on Twitter and he's sharing his insight there on a daily basis. So, if you want to get some of his wisdom, make sure you click on the link in the description and follow him. I asked Peter to join me today to discuss his point of view on the topic that most traders are wondering about all the time. Will I ever make it? Welcome to episode number two, the “made it” day. Hi Peter, and welcome to the Confidence in Trading podcast.</p><p>Peter  1:09  </p><p>Also nice to see you again, Agnieszka. I'm excited that you've started this podcast to discuss a lot of the issues around trader psychology and critical point-a very critical component to trader successes, as we both know, and I'm honored to be invited as a guest and look forward to the conversation, so thank you.</p><p>Agnieszka  1:29  </p><p>Thank you so much for being here. I always enjoy talking to you. And we do that on a regular basis. I remember when we met last year, it was actually around that period that we met for the first time and we did a class together. You were my guest at my master class a year ago. And since then, we've been in touch and I always, always enjoyed the conversation. So, I am absolutely thrilled to have you here on my brand-new podcast. So, let's get right into it. Most traders, most aspiring traders begin their journey with very high hopes and a high level of confidence.  Despite the statistics showing that most traders fail to achieve success, just nobody seems to be discouraged. The success seems imminent, until the trading losses start to chip away at the confidence and the emotions make achieving consistent profit, a sort of Sisyphean task. That's where the doubt creeps in. And most traders begin to question their abilities in themselves; will I ever make it? I'm talking to many traders on a daily basis. And it seems that there is this idea of the day when the things will suddenly click and trading becomes effortless. When the money streams to your account and all trouble is a matter of the past. I'm very curious, Peter, if you have ever had the same idea when you were at the point of your trading journey where things got rough? Have you ever thought that there will be this one point in time where, when from one to another day, things will suddenly change? And what was the reality?</p><p>Peter  3:17  </p><p>Well, I think you know, learning to trade or invest whatever you want to call it is, it's like learning any other skill, right? And unfortunately, you know, out there in the, out there in social media, people that are exposed to the, you know, being introduced to trading, or many people believe or are sold that there is no learning curve, right? You just have to jump in and you're gonna be successful. Right? And that's, you know, they expect it to be very simple. And that, you know, the fortune awaits you just by opening an account and pushing a few buttons. Right? So, you know, well, coming back to myself, the reality is, yes, I've been on this journey for 40 plus years, and continuously learning something new, you're always gonna go through different ups and downs of your own experience. Right? But when you're learning something new, you know, it takes time, right? And I think a lot of people come to the game or come to the business with very unrealistic expectations. Right? And so they, they're waiting for this aha moment. For my personal thing, did I ever think I was going to be a time when I would make it? You always hope you'll hit that point. But I think when I started, and we'll talk about my journey a little bit in a second, but you know, I have very clear expectations that this is a business. This is something you’ve got to take your time to learn. And like anything else over you know, it will take time and it'll click right? So, whether you're learning to drive, play an instrument, whatever you do, normally people come to those, learning those things with the clear expectations, right? They know they gotta learn this; let’s talk piano. You gotta learn the scales and then eventually you learn chords, and eventually, at some day, you may be able to play Mozart. Right? Whereas, with trading, you can start the game and people immediately try to play Mozart. And, you know, again, it's how you approach the business and the expectations. And see that journey and learning curve, right?</p><p>Agnieszka  5:28  </p><p>Yeah, because it's so interesting, like the statistics are actually staggering, right, that it's over 90% of traders are not going to “make it”, if you will. I had that myself, like, but I will be different. Do you see that from other traders that like maybe the ambition, is that the ambition that they have? Or does… is this day of “I make it” keeps them motivated? What do you think it is?</p><p>Peter  5:57  </p><p>Well, I think a lot of people come to trading as already professionals as well, right? So, there's this group of very intelligent people, they've had a career that they've been very successful at, and they just think this is just another business, right? Then I'm gonna learn it, I'm gonna be expert at it, and they're already well educated, possibly, they already have been successful in other endeavors in their life, right? And then all of a sudden, the reality of trading is something completely different to them. Right? And, you know, I think whenever you're dealing with something where money is involved… {laughs} And money, where there's no, people did not put constraints on themselves when they learn, right, so, you can basically do anything you want, and people don't understand the risks involved. And that it is a journey, and you’ve got to start slowly, and you’ve got to build up your experience, and you’ve got to challenge, you’ve got to deal with these, you're talking about the different challenges you face as a trader, right? So, it's like any other business, there's, there's all the things you’ve got to deal with, right, the administration, setting up an account, having capital, you know, making decisions. And all of that is hard enough, like you got to learn that as a new trader, but you've also got this opportunity to do whatever you want, right? And you can do anything. And if you don't understand or come to the game, come to the business with an understanding of what those risks are, it's very easy to make decisions that can either wipe you out or take or make you go back, right, one step forward, two steps back, instead of let's just take one step at a time until we get to our, to our… What did you call it or “made it”? You know, the made–</p><p>Agnieszka  7:37</p><p>Yeah, the “made it” day. </p><p>Peter  7:39</p><p>The “made it” day, right? So, the problem is you can… And over time as well, you can feel like I've “made it”. How many people during this late last bull market thought they “made it” after one month of trading, right? They started trading, it's like, oh, this is easy, I understand this, I'm making lots of money. And then they realize awful quickly, okay, I might have “made it” for a month or two. But, you know, I didn't really understand. You know, and that's, again, part of that learning, right, that you go through?</p><p>Agnieszka  8:05  </p><p>Right. And, you know, it's like, it's so very interesting what you, what you said about how people step into it, and the fact that they can do what they want, because there is really nobody else telling them, okay, you should not be doing that, right? Because it's just them on the computer. So, in fact, the fact that they don't have the limitations, kind of brings them into trouble. Plus, of course, they trade, not just for money, they also trade the money. So, the money is just like right there like this carrot on the stick, so to say, right? Becoming a total frustration for, the source of frustration for a lot of people.</p><p>Peter  8:45 </p><p>Or, I use an example of learning to drive a car, right? So, it's very structured, right, you start off by going up and down your driveway. And it's all about being safe, right? So, initially, you just stay off of the roads. And then eventually you do testing to make sure you understand the fundamentals of it. And then they finally allow you to go out on the road, but you have to be with someone else who's watching you and making sure that you're safe. And then, then you do another test to make sure you've reached a certain level and then eventually you're allowed to go on the highway where maybe the risk is the highest. But in trading, you can literally start the car and be–</p><p>Agnieszka  9:22</p><p>And just drive.</p><p>Peter  9:24</p><p>–On the highway immediately. Right? </p><p>Agnieszka  9:30</p><p>That's so good. </p><p>Peter  9:31</p><p>And so many, so many people they don't even… Like everyone knows the risks of driving, right? It's self-evident, right? But something like trading, especially a lot of these young new traders, or new people interested in trading. There’s just so, so much misinformation online, right? So, they're basically told well, you can day trade, quit your job, you can be making a million in no time, etc. And no one is telling them the reality right and those hard facts. You know, you don't sell courses by being real, right? Because no one's going to be interested to hear that, right? It's, but it's very easy to sell someone on something that and they have no concern for the risks that these people are taking and the devastation that's being caused by that. Right? </p><p>Agnieszka  10:10  </p><p>Yeah, and the devastation is that we're not only talking about financial devastation, but I mean, I see it every day that you know, when that financial devastation takes longer, or just simply the frustration, the health, the family life suffers, there is really so much more to it. When you're making that parallel to a car, or learning to drive a car—I don't know if this is also in the U.S. But that just popped into my mind. Do you know that when I did my driver's license in Poland, back then, a long time ago, you know that the cars that we are actually driving that we are learning on, the instructor has an extra brake pedal? Is that also here in the US?</p><p>Peter  10:52  </p><p>Yeah, if you, if you take, well, just, just a reminder, I'm in Canada, so but–</p><p>Agnieszka  10:58</p><p>That’s true.</p><p>Peter  10:59</p><p>–in Canada, and I assume in the US, too, if you're taking a driving course, with an instructor that has a vehicle, yeah, they have a brake on their side. So, they can, they can monitor you, they can watch you and they can, you know, put a stop in if they need it. Right? And, and it's the same thing with a trader, right? If most of them–</p><p>Agnieszka  11:17</p><p>Yeah, that would be helpful. </p><p>Peter  11:18</p><p>Yeah, no one, no one has a mentor, if you don't have a mentor, you don't have anyone that's experienced. You know, it would be nice if there was a mandatory stop that protected you, or mandatory limits to the size that you could put on. And again, like, I know, for myself, when I talk about new traders and how I would approach trading, if I was to do it over again, I would start off with one or two instruments that are not too volatile, I'd be trading small size relative to me, to what I, what I hopefully will get to, and just like driving, right? You do, you do your drive around on the side streets until you get comfortable. And then you eventually get bigger in size and as you gain skills and experience.</p><p>Agnieszka  11:59  </p><p>Yeah, totally. That's a very good, very good metaphor. So, for everyone who is listening, just think about how you drive. And that, you know, most of the time you do stop at the traffic lights, right? You do avoid the risk, you're not exposing yourself on purpose to get in trouble. So, try to do that in trading too. Just simply managing your risk and thinking about the consequences of every action you're taking. Peter, let's talk about your trading journey. How did it evolve throughout, throughout the years?</p><p>Peter  12:37  </p><p>Yeah, and like, you're talking about you're learning to drive? Well, my learning to trade, this goes back many, many years too. It's hard to even remember back that far. But I started when I was 15 years old. I always had a passion for investing trading. I wouldn't call it trading back then because most people didn't trade, right? It was you got to imagine at that time, you know, there was all these boutique brokerage firms around, the commissions were unbelievable. There were no computers, there was no instantaneous. If you called your broker with an order, you might find out an hour later what your fill was. And, and then the commissions were, you know, especially if you're a small trader, you literally were trading to pay the brokerage commissions, right? Unless you're, unless you're really lucky. And back then again, it's—I personally was very interested in business, I was interested in trading. I live in Canada, like I said, and Canada is very resource-based. So, there's lots of penny shares and lots of penny stocks back then and all these little brokerage firms, they had these newsletters that went out and talked about, you know, it was the same thing, it was just a different type of pump and dump, right? Instead of right, instead of on computers, they did it by newsletter. And those newsletters, again, talk about how things have changed, they would come out every two weeks, right? As opposed to every five seconds, every second on the internet now you can find something new, right? So, but again, back then when I started I was more interested in business and interested in the investment field. And but again, I opened up an account when I was 15, very naive. Again, just like most traders, they start off driving fast before they even know how to drive, right? But again, I was, I was interested in business and willing to learn and, and no computers, no internet. There's very little even material on, there was material on investing, but it was more business related and fundamentally based, right? Technical Analysis back then was thought of as a joke, like if anyone, each of the brokerage boutiques, they might have some crazy guy in the back that was drawing charts and they kind of maybe would talk to him every once a while, but it wasn't, it wasn't serious. But again over time, you know more materials came out and obviously very different today than what it was back then. And so, when I graduated highschool, I went into university studying business, I was a CPA as well. So, I'm a professional accountant. But for some reason, I was never really interested in the fundamental side of investing, I was interested in learning technicals and being more of a trader, right? I had to sort of wait up, wait for the technology to catch up with what I wanted to do.</p><p>Agnieszka  15:10  </p><p>You were too early.</p><p>Peter 15:13  </p><p>But even during university, I was, I would go into different brokerage firms and meet different people that were involved. And my real goal was to go into the investment business, right? Not be a trader, back then; it was more to be in the industry. But I happened to graduate at a year when there was a major Bear Market.</p><p>Agnieszka  15:33  </p><p>So, it wasn't a good time either.</p><p>Peter 15:34  </p><p>So, there was a major Bear Market, as well as at the time, all of the individual boutiques, brokerage boutiques were consolidating. So, there was a major change in the whole industry, right? So, literally, there was no jobs available. But I was lucky enough to land a job in a large insurance, the largest insurance company in Canada, and it was in the corporate investment office. So, it was one of these fluke jobs I was exposed... And again, this is before personal computers, or just when personal computers were coming out. So, they still had the, sort of the ticker tape in the mailroom that you could go and go and watch. But I was exposed to all of the trading that was going on in that insurance company. Right? So, it was a really great education for me… So, again, I was, again, more interested in investment sites. I had my own accounts, I was saving money, I was putting it into different investments. And back then, just like now, there's always the latest guru, right? Like, who's the, who's the hot guy? There was a fellow in Canada that was writing books on, on trading and how to make a million and all these sort of things. So, I was, I was following this and following, you know, different techniques. And then, when I was working, I ended up reading a book called Trading Chaos by Bill Williams. And that was the first time where something really clicked with me, like this really makes sense. And he really approached not only having a trading strategy, but also was the first time really exposed to the psychological side of things, right? And really understanding the impact of that and how you need to focus on that aspect of it to really be successful. Right? So, anyway, I ended up, when I ended up leaving the insurance industry to start my own company with a partner  in the real estate business, right? Because, like I said, my goal was never to be… to trade for a living. My goal was to learn trading and have that as a supplement.</p><p>Agnieszka  17:29  </p><p>Okay, so that was your initial idea. In general, you didn't… Okay, gotcha.</p><p>Peter  17:34  </p><p>Well, my first idea was to be into business, and then I couldn’t get into business. And then as I evolved, I thought, you know, times change, and your life changes in different interests and things go so. But it's kind of ironic, or it's kind of funny… I'm the opposite of most people, most people have a job and they want to become a full-time trader. I was, I always wanted to have a career in different things, I was more, you know, you could make money as an entrepreneur, but interested in trading on the side. And what ended up happening was that around this, this was another, again, one of the advantages of, of age is like gone through multiple cycles, and you'll learn something new with each cycle, and there happened to be a real estate downturn at this time. So, I was kind of forced to what do I do? Do I go get another job? Or do I… So, we were sort of holding on to some real estate on the side, but it wasn't economic to build it out. So, we had a waiting period. So, I saw… then I went and studied with Bill Williams down in Texas city and so that he was a Futures Trader. So, we were trading commodities and trading, and I had a couple of business partners where we also attract, took on some money to trade other people's money, which is a whole other psychological–</p><p>Agnieszka  18:43</p><p>Oh yeah, I bet. </p><p>Peter  18:45</p><p>–psychological thing, right? So, I did that for a while. And then also, I was getting married at the time and had a couple of children and it just so happens at one point, everyone took their money out of this, the business we were running, and for whatever reason, everyone had some personal situations, right? So, again, and this is another reality of how much can you make, and how much capital you need to do that, right? So, earning a living trading is something that requires capital, that requires commitment and requires so many different things. So, again, my personal situation at the time, I ended up then going and having another career and but continuously traded and over this time, you know traded many different styles and all every instrument you can imagine, some with my own funds, some trading other people's funds. I day-traded the S&P or day-traded commodities during that period of time. and now have evolved into a Trend Trader and a Swing Trader, because I do, because I do have a full-time job. But that's some of my experience there. </p><p>Agnieszka  19:52  </p><p>That’s so fascinating how many different phases you went through, and what I wanted to ask you is, the decisions that you were making, whether you swing trade, whether you day trade, what instrument you trade, how did you make those decisions? Was it wasn't because you were struggling with one and you went to another? Because, the reason why I'm asking is a lot of times you see that traders change how they trade and, for example, if they cannot make consistent profit with Day Trading, they will say, oh, this doesn't work, I'm gonna switch to Swing Trading, it's gonna be better. Or the stocks don't work, I'll go Options, because I heard some guy made a million with Options, right? What was your motivation to change? And do you think it is easier to make it one or the other way? Or is it really not about what you trade?</p><p>Peter  20:40  </p><p>Well, you know, the reality is many people do flip-flop from one style to another, thinking that it is the strategy that will make the difference for them. Right? And like you just said, a lot of times, it's either they haven't tackled the psychological aspect of it. Or it could also be that they haven't found the style that works for them, right? So, it is critical, and you will hear this from someone serious, so you got to find a style that fits your personality, but also has to fit your lifestyle, your financial expectations. And like you say, there's so many different styles out there, right? I always teach people or tell people that if you're interested in trading, or you think you are, first study at a number of different styles. And just like me with when I read Trading Chaos, it just spoke to me, you know what I mean? This is like, okay, this makes sense. And I know you'll talk to people, a lot of people trade sort or invest using the CAN SLIM methodologies and other ones; it's very, very popular. And it's the same thing. You just read it, you understand it, that's something that I'm committed to, right? And then but, you know, again, you can some people scalp to chart five-minute charts. And then there's Long Term Trading, right? But you really got to ask yourself, why are you trading? And what's your time commitment? Does it want it to be a full-time career? Or is it a side hustle, to supplement other sources of income? What is your risk profile? What is your personal circumstances? Your personal lifestyle? Right? And a lot of people feel that this trading for a living is, I don't know what that means. It's an interesting thing that people think, you know, it's some, some great career, right? If you talk to many people that trade for a living, it is probably the hardest career you can pick. And it's a struggle, same thing. Do you have… Do you have children? Are you married? Do you have kids? You know, what are your financial obligations? How much capital do you have to commit? You know? And again, how much do you need to survive? Right? That just the reality, right? Especially on this learning curve, right? So, a lot of people are desperate, because they need the money to survive, they've committed to, you know, trying to trade for a living, and then when they're not making the money they need, then they're more likely to flip flop, but you know, they'll go to Options, or they go to Penny stocks, or they go to, you know, something that offers leverage. Like, I don't know how many times they talked to people that have $100, and they think they're gonna make a living trading Forex, right? With 400 times leverage, it's like, oh, yeah, you're, you're gonna have to put in $100 many, many times until you learn the lesson that's not the way to trade for a living, right?</p><p>Agnieszka  23:23  </p><p>Yeah, it's almost like this trading for a living kind of at some point takes over your living and this is not what you want, right? Because, you know, if you cannot mentally disconnect from the need of money, and the need of money will always be there, no matter how much money you make today, because everyone has to pay their bills. Everyone has obligations, so the need for money will be there. But if you are, whether you have your own business, or are you trading, if you cannot disconnect from, from that and just focus on what you're actually supposed to do when you are trading and just concentrating on money, that I think it is very difficult to, to distantiate and take off that pressure from yourself. And who can really perform under too much pressure. And to have a bit, it's okay, right? Because it keeps you sharp. But if you're completely stressed out because you think you will lose money, that's not gonna really help you to trade. So, after so many years of trading, how do you feel about trading? Like, what place does trading have in your life because you do spend a lot of time, you know, you're on Twitter. I don't know how much time on Twitter you spend but you do help other traders. I know you do different interviews. A lot of people know you. So, they approach you. You never say no. Well, I don't know never… You never said no to me so far. But do you feel you “made it” in terms of trading? And what does that mean?</p><p>Peter  24:55  </p><p>Right. So, to me making it means, well, let me, let me back up for a sec. So, yeah, I spent a lot of trading is a passion. And it always has been right. So, you know, some people, they play golf, some people do whatever, it's like, me, I love to talk to traders, I love to read about trading. And I love to trade, right? And the thing that I've been able to say… As far as “made it”, the beauty now… I've gone through so many cycles, I've learned so many techniques, I found what works for me, right, which is hopefully you can do that earlier in your, early in your business, right? So, you don't have to keep shift shifting until you find that. Because if you can find what calls for you and then focus on it, then you can become, you know, an expert in it, right? But also, the thing I've learned is your personal circumstances change, you get older, your risk profile changes. So, you may go from… so there's nothing wrong with switching styles. And even that, what you've learned is that you may have to change styles because of the current market environment, right? Like, look at the last two years. </p><p>Agnieszka  26:06</p><p>I know.</p><p>Peter  26:07</p><p>You cannot make it, you cannot make a living as a Trend Trader. Right?</p><p>Peter  26:28  </p><p>But, that knowledge of knowing, okay, this is a good time not to trade, say, as an example, or learn another technique, right, or, and be in tune with the market and what Bill always said want the market wants, right? So, you know, you gotta learn to dance with the market, you got to want what it wants. Not necessarily what… It's not what you want, the market doesn't care what you want, right? So, but that idea of being able to step back with the experience and say, I understand the cycles we're in, I understand what technique is going to work. And either I want to trade that way or I don't, like for the last two years, you know, it's a great time to be a Day Trader, right? Lots of volatility, lots. You can trade the five-minute chart and do great, but I have a full-time job. So, it's not something that I could do. But it was a great opportunity. Just like five years ago, it was great to be a Trend Trader or a Swing Trader, because you just bought the dips, bought the dips, bought the dips, and you can make a great living, right? But, but being able to see that and so when I say, when I've went to someone asked me, have you “made it”, to me that's making it, being able to understand all that and be able to adapt to it. And because there's also this false impression “made it” means you've made your million dollars, it's and again, this is how society portrays traders, on social media, as well as in the movies, right? And look at all the movies, right? Whether Wall Street, whatever it's like, it's all about greed. It's all about making all these, all this money. And they don't even look at the fact that a lot of these people that are like that are the ones that lose the biggest amount of money too. When you look at the biggest, most successful traders in the world, most of them have had devastating losses. Many of the many of the successful traders or, you know, historically successful traders that people read all their books have died broke, committed suicide, right? And that's a thing.</p><p>Agnieszka  28:15  </p><p>Nobody talks about that though, right? In commercials.</p><p>Peter  28:18  </p><p>Exactly. But that thing about trading? Well, again, there's a lot of people that they call themselves traders, they're really gamblers, they're high-risk takers, they have devastating losses, impact their family, their own personal lives, a lot of people commit suicide, there's definitely a negative side of the business. And it is very difficult. It is a hard business. But having that… Making it as far as having a good work-life balance, Trader-life balance is critical. And you can get so caught up in trading, that it becomes all-encompassing in your life. And it is like an addiction, right? And being able to recognize that, you know, if you're going down that path, it's probably not right for you and get out of it or get help. But it's, it's one of those things where it's easy to get caught up in that, right? And it's but having that balance, being patient, learning it slowly is, is what people aren’t saying out there and unfortunately, a lot of young people are getting sucked into the sales pitch and paying severe consequences because of it, right?</p><p>Agnieszka  29:26  </p><p>Yeah, I love the way that you have explained what does that mean for you—“made it.” And I really hope that the listeners will take it very deep into their heart. Because that's exactly what I think the key is to success too, to have more distance to all that ideal picture of, you know, “made it” millionaire, and all this success that is kind of waiting somewhere and nobody really knows if anyone has achieved that, like, easily, right? Without getting bankrupt or getting a heart attack or all the other things you mentioned. So, if you look at the word “made it”, you have to, I think from the mindset perspective, you have to make trading it; it has to be this impersonal thing to you. But a lot of traders make it personal, they identify themselves through the money, through their success. So, they make it very personal and that makes it actually difficult to “make it” to make it impersonal. And it's very difficult for people to stop that. Because once you identify yourself with your success, and you then you really have to keep going, right? Because if you are not bringing something into success, it says everything about you personally. I have a bonus question for you. If someone would tell you now that you have to stop trading, what would you do? Tough question, right?</p><p>Peter  31:06 </p><p>Yeah, no, it's interesting. So, what? So, again, if I had to stop trading, there's still a lot… I get a lot out of just learning about trading, studying trading, talking to traders, and helping other traders, right? So, that would, and that fills a lot of my time anyways. But obviously the, you know, the better trading itself is, is something… And I think this is again differentiating between. Well, first of all, you have to define what is success as a trader, like what does a successful trader mean? A lot of people to your point, they just think it's the equity curve, and it's how much money they make, and unrealistic definition of success, right, because even, even any career anyone has, they have their ups and downs. And in trading, like you’ve got to expect that, at some point, your strategy isn't going to work anymore, there's going to be a period of time where you're gonna have some drawdowns. And that's just being realistic, right? And if you're continuously have this unrealistic expectation, you're just going to torture yourself. And then if you end up having a drawdown, and then they, they triple the size, and they end up… You have this downward spiral, right? But, but to not be able to trade. Like I said, there's been so much, there's so much other benefits you get from trading, other than just financial, right? And the biggest thing, and I know you've talked about this a lot too, is you learn about yourself, right? Like, I always say trading is the greatest psychiatrist, or greatest psychologist, because you can, you cannot trade without facing your issues, your beliefs, your, your reactions to things, your emotions, your feelings, all of these things. And in order to be successful, in the sense of, you know, making consistent, let's call success making consistent earnings or whatever, right? That you need to tackle those things. And you need to address them and confront them and learn to adapt and trade accordingly. Right? And the other thing, too, is, let's face it, we were talking about it's a great community, right? And there's lots of great traders out there. I found through Twitter that I've met lots of great traders, most people are open to talk about their strategies, they'll talk about their experience, like the good ones, like not all the scammers out there that are doing, but there are a lot of guys and women out there that trade that are, if they got the experience, they've they're willing to help their fellow trader, get them, get them going and deal with these issues. And I love your podcast, because I know you're gonna start talking about a lot of these issues, that it's about being real. Right.  And not, not the, the phoniness out there. And the sooner new traders or any trader understands the reality of fact that maybe they can take a step back and approach it in a more, you know, organized manner and treat it as a business that it is. It's not, it's not a game, right? It is a very serious business. And you know, it will… the market will teach you painful lessons and you can confront them and you will learn about your self-reliance and you will have personal growth and you know, there are endless opportunities to do that. And the market will show you the way if you're willing to listen and that's required to make it, right? Like you need to do that.</p><p>Agnieszka  34:24  </p><p>Right. It's almost like your best friend that will always say the truth to you. Right? And the question is, are you ready for the truth? Are you ready to listen to it?</p><p>Peter  34:34  </p><p>You can’t handle the truth.</p><p>Agnieszka 34:36  </p><p>Exactly, can you handle the truth? Because the market is… gives you very, very honest feedback about yourself a very immediate, and you really have to be willing to listen and not negotiate, not resist it. Just just take the feedback, learn from it. And then it will be, it will be much softer for you, you will not get slapped that hard every time. I gave this example, you know, that very first time when you let the loser go and it go, the price goes down, and you actually let it too far and go too far. And now you pray for the price to come back up. And it's almost like the market says, okay, this is the first time I'm gonna help you. Okay, this time, I'm gonna save you. So, you pray there, and you say, I promise I will never do that… This is the last the first and the last time I do it. So, you're saved. The market helps you. Now you can get break even. And you all… thank God, lucky me. But then instead of learning from this and say, wasn't I lucky, the next time that it happens, instead of saying, I'm not gonna do that mistake again. Say, you know what? Last time it worked. I'm gonna just wait until it comes back. So, there you go, you see the feedback we are getting. And actually, if you start seeing things in that way, you get the lesson. If you don't learn, the lesson will be much harder, because you will have to pay.</p><p>Peter  36:04  </p><p>Yeah. And not only that the market will entice you to do something even, even crazier the next time. So, that example, what'll happen is the next time you hold your loss, it's down 20%, you'll say I know it's going to come back so you'll add to the position, right? And you'll keep adding to it and adding to it and that's where a lot of people end up blowing their account. They're saying, well it’s gonna come back, it always does. It might rescue you, but it's like, it's tough. It's testing you again. Yeah. Let's see what happens. </p><p>Agnieszka  36:32  </p><p>You didn’t learn the first time. So you know, sorry, this time I already have to pay. I tried to help you. But sorry. </p><p>Peter  36:42 </p><p>Exactly.</p><p>Agnieszka  36:43</p><p>So, the last question that I would like to ask you, because you have had so much experience and you have been trading for so long. Do you ever struggle as a trader? Do you ever have a feeling like maybe that you missed it? So you, you were at work? And then you see the move? And you go like, I've missed it. I wish I was there. Or that you struggle because you took a loss? Or did you ever struggle?</p><p>Peter  37:08  </p><p>Well, I struggle every day, I think most traders will most traders will say they struggle every day or learn something new every day. And when you say struggle, the question is how much do you struggle, right? So, this is that thing of like, let's say for example, you know, FOMO, let’s use FOMO as an example. So, as an experienced trader, you should not FOMO shouldn't be, it shouldn't bother you, you should say, opportunity is gonna come every day, right? Yeah, and you should be as experienced enough when you see the FOMO because FOMO will, will pop up, right? And that'll be, you know, you'll see whether let's use you know, Bitcoin as an example. Say, right, so that was on Bitcoin, it's gonna go to the moon and everyone's making money. So, you know, during those periods, and I know, let's say the last 10 years, you've seen the marijuana stock bubble, you've seen the Bitcoin bubble, you've seen, you know, anyway… There's always a bubble happening. And what's great now at my, with my experience is to say, okay, I see what's happening, right, and I can, I can watch it. And sometimes you can, then knowing what's going to happen, you can take advantage and trade accordingly. Right, you're not getting, you're not, you know, buying the new the high and things like that. So, so part of it is using that experience, understanding the FOMO because you can, you'll still feel it, right? So, you'll still, it's easy to get caught up in that, but the difference is not acting on it. Right? And, and this is a thing about your emotional reactions. So, do you struggle? Yes, you're human, right? You're gonna have emotions, you can’t help it. One of my big struggles is often taking profits too soon as an example. I'll just use that as, as an example. Right? So, obviously, if you take profits, and then the next, next week, it's up another 10%. You're like, kicking yourself, right? But, you know, putting it into the right perspective realizing, you know, this, I always say, one trade shouldn't make you but one trade can break you. Right? So, knowing that, okay, I missed that one, on to the next one and learn, it's not necessarily learning a lesson, but you do. Again, you're continuously learning. Okay, why did I get out there? I think one of my tweets a couple of days ago, or it’s today's tweet, actually, if you don't have a reason to get out, don't.</p><p>Agnieszka  39:25</p><p>Don’t. Right, I saw that. Yeah. </p><p>Peter  39:27</p><p>Okay. So, that was today's Tweet and what it meant was, and it may be again, I use Twitter; it's more to educate myself and remind myself of all of the lessons I've learned. And that's because I did get out of a trade yesterday that I shouldn't have. I'm Tweeting about my personal experience. </p><p>Agnieszka  39:45 </p><p>That's so cool.</p><p>Peter  39:47</p><p>Not only in the past, but also in reality, right? So.</p><p>Agnieszka  39:52  </p><p>So, that's your inspiration? Basically. Your own journey.</p><p>Peter  39:55 </p><p>Yup, reminding myself of what I should have learned. And if I, you know, so, you know, again, that example of, you've got a strategy, you've got it, you've got an exit strategy, rules in place, follow them, right? And if all of a sudden, like, you know, the last couple of days, obviously, and again, this is more of a timely issue. But what's been happening recently with a banking thing, and lots of lots of volatility. So, it's very easy to look at the market, like, I think it was yesterday, was up strong, and then all of a sudden, it just… In the afternoon, it just started coming off, off, off, off off, right? So, it's easy to get, it's easy to, again, if you're looking at a five-minute chart or something, it's very easy to get, Oh, my God, what's happening here, like, what's going on, I better get out of my position. And once you step back and look and say no, it's, it's just nothing major. Like there's no reason to get out. Right? But anyway, so yeah, that's an example. So, I struggle, yes, do I remind myself, but I don't get hung up on it and beat myself up, right? But I don't, I don't make the mistakes anymore of like, holding on to losing positions and stuff like that. So, those are times but getting out of getting out of positions too early is still something I deal with.</p><p>Agnieszka  41:05  </p><p>That is so, so, so good to remind yourself and everyone because that's, that's again, this, this part have “made it” or not “made it” like, emotions will always be there. This is how we experience life, we are human beings. I personally don't believe in like excluding emotions, in trading. I approach it from a holistic point of view, and teach my students to actually use it to their advantage. But knowing that all these things that normally you struggle with that you know, the FOMO, it's gonna pop up, but it's really about how you're gonna handle it. And those things you can learn, if you know that you can, you can anticipate them, right, and you can, you can decide for yourself how you're gonna handle it. And then with experience, it becomes kind of a muscle memory. And at some point, you will notice that it's there, but you don't feel the urge to react to it. So, that's, that's really good to know that, you know, not having the expectation that one day, all those emotions are just gonna disappear. And you're gonna sit there in front of the computer, and just be calm and poised and no emotions.</p><p>Peter  42:12  </p><p>And just one other point about that, about, again, when we talked about finding the style that works for you, or whatever fits you. And you can do multiples, like when I said, I don't hold losing positions anymore. That's not necessarily true, because I may have a long-term account that it is a Trend Trading account, say and that you're willing to sit through a 20% drawdown. Right? And it fits because you've been holding it for a long time. And it's still within that within the parameters. And then you can have a Short Term trading and scalping account where you might do some Day Trading on the side, because volatility is, but it's when people mix those things. And they, they're looking at their small term scalping account, and trading, like a Trend Trading account and using and using the emotions that are rising to say, well, it's not big dollars, or it's not that important, or, you know, it's again, it's sticking to those rules, and not making excuses. And there's breaking rules for just breaking them. But then there's breaking them where we convince ourselves, it's okay to break them. And…</p><p>Agnieszka  43:16  </p><p>Right? Yeah, there's a lot of gray areas that we can find, right? And to excuse our mistakes or excuse our decisions just to, to not to take the loss basically, if you keep trying avoiding taking the loss. Well, this brings us to the end of this episode. Thank you so much, Peter, for joining me for this candid conversation today. It was an absolute pleasure to have you here and hear your point of view on all these really important issues for every trader, whether you're just starting or you have been trading for a long time. And I really hope that it will help to take the unnecessary pressure off many traders who are listening to this and that they will be willing to adjust the unrealistic expectations because those things are only causing frustration and taking your focus away from the trade, trading the plan basically. </p><p>Agnieszka  44:15</p><p>Thank you so much for listening to the Confidence in Trading podcast. If you enjoyed my show, please rate and review it on Apple podcasts. And be sure to subscribe so you can come back for a real live conversation in the next episode. Until then, this is Agnieszka Wood, from Ahead Coach. And don't forget you too can realize your dream without losing yourself and your confidence in the process. Thank you so much, Peter, for joining us today.</p><p>Peter  44:43  </p><p>Thank you so much.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="49442340" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/ffe172db-f1e2-4464-bfc0-5c24f7ea0034/audio/24efa67a-aa08-4fd0-9ee7-33f375689710/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>The &quot;Made It&quot; Day</itunes:title>
      <itunes:author>Peter Robbins</itunes:author>
      <itunes:duration>00:44:36</itunes:duration>
      <itunes:summary>In this episode, Agnieszka talks with Peter Robbins about his fascinating, decades-long journey in the world of trading. He shares what got him started, the realities of the trading world, including how to recognize and avoid the risk that many new traders face. They discuss everything from his inspiration to start trading, how to keep the motivation going, and what he would do if he had to stop trading.  </itunes:summary>
      <itunes:subtitle>In this episode, Agnieszka talks with Peter Robbins about his fascinating, decades-long journey in the world of trading. He shares what got him started, the realities of the trading world, including how to recognize and avoid the risk that many new traders face. They discuss everything from his inspiration to start trading, how to keep the motivation going, and what he would do if he had to stop trading.  </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>2</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">d763bed9-6a93-4ae4-9313-e4c2f3d17dcc</guid>
      <title>Beginner&apos;s Journey</title>
      <description><![CDATA[<p>Agnieszka has a real conversation with Zach Rubin about his journey into the world of trading. They discuss how he got started, what he expected in the beginning, and the valuable lessons he has learned along the way. Zach’s biggest takeaways include developing your mindset as a trader, not just your technical skills, and learning how to fail productively. These two insights are key to finding lasting success and enjoyment in trading. </p><p>In their conversation, Zach answers Agnieszka’s questions about how he got started in trading and what inspired him in the beginning. They talk openly about how trading has lived up to his expectations, and more. While money and freedom are the initial drivers for most people who start trading, the reason people stay often surprises them. For Zach, in the end, success in trading is not really a destination but a mindset. Learning how to trade well can help you learn more about yourself and your potential, not just as a trader, but also as a person. </p><p><strong>About Zach Rubin</strong></p><p>Zach Rubin is a successful entrepreneur, Architectural Designer, and Owner of Foundry House in Greater Atlanta. Zach discovered his passion for architecture while at Penn State University, where he excelled in drafting and architectural design. He continued his education at the Georgia Institute of Technology, graduating with a Masters from the College of Architecture.  </p><p>Zach’s interest in trading was sparked during the COVID-19 wave and he started trading the Nasdaq and S&P Futures. After many ups and downs on his trading journey and making an incredible leap in his personal growth, he was able to achieve his long awaited dream. </p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Zach Rubin | Foundry House Design: </strong></p><ul><li><a href="https://foundryhousedesign.com/">Website: foundryhousedesign.com</a></li><li><a href="https://www.pinterest.ca/foundryhousedesign/">Pinterest: @foundaryhousedesign</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>Agnieszka  0:00  </p><p>I am very excited to have Zach here today with us who is going to share his trading journey that started very typical, but took many unexpected turns, and in the end, brought him exactly what he wanted, but not at all what he expected. We'll discuss all the difficult choices and decisions that he had to make and how he approached them. So let's get started. Hi, Zach, and welcome to the Confidence in Trading podcast.</p><p>Zach  0:29  </p><p>Hi, Agnieszka, thank you for having me.</p><p>Agnieszka  0:31  </p><p>Thank you for being here with us. The reason why most people like you and I get into trading is because they have a dream. Trading is supposed to provide them with means to realize their dream, but what many people do not realize is that their dream has nothing to do with trading. Most do not have a dream to trade. They want to trade to make money. </p><p>Zach  0:58  </p><p>Yeah. </p><p>Agnieszka  0:59  </p><p>And that brings too much focus on the result right from the start and a lot of pressure. So Zach, can you tell us, what was your dream? And why did you get into trading?</p><p>Zach  1:13  </p><p>So yeah, I mean, like most people, I think my first thought was, you start on YouTube, you're watching a lot of YouTube videos, and you see people trading—especially during the pandemic, I feel like the algorithm was just pumping like trading, traders and trading courses and everything online. And of course, you know, the dollar signs start flashing, right, the Lambos and dollar signs, you just start seeing like, oh my god, I did not realize this was possible. And it makes sense because like, as technology changes, and as, you know, this type of like knowledge, which I think previously was held so tightly by gatekeepers, let's say you had to work for a big firm to be able to learn these types of techniques in this kind of process, you know, that becomes opened up to to a larger population. And I think with online trading software and such, this is even expanded more. So, for the first time I'm seeing this, and I'm like, got the dollar signs in my eyes, right? Oh, my God, this is incredible. I could be making, you know, five grand a day, nevermind, five grand a month, right. And it just becomes this amazing opportunity. So thinking of myself, like, I know that I was very, very technical and very, you know, kind of engineering mindset. So it was like, Oh, this should be an easy fit, this should be easy for me to figure out. And, you know, if somebody, if anyone can do it, I could do it. So that's sort of what I think drew me into it at first, the dollar signs for sure. And a little bit of, you know, I'm a bit of an introvert. So I don't mind kind of working by myself on a computer at a computer screen for hours on end. And a lot of it appealed to me, I guess.</p><p>Agnieszka  2:42  </p><p>I remember when I was getting into trading the visions were not so much of the Lambos, and you know, all the luxury lifestyles that you could have, but more the free lifestyle that was really attracting me because at that time I moved to the US and I lived in Miami Beach. So you can only imagine thinking about trading in the morning and then going outside laying on the beach in the evening or in the afternoon. That was the thing for me. And everywhere you saw the pictures of traders laying in a hammock or trading with their laptops at the pool with a cocktail in their hands. Right? Those images have changed by the way very quickly in the same pictures of traders stuck in their office with like 20 screens the whole day. So that was a little bit of a clash with reality later on.</p><p>Zach  3:32  </p><p>The freedom element is also something that struck me. I'm a very freedom-oriented individual in general. And I've never enjoyed any full-time job that I've had. I've never enjoyed working with any bosses that I've had, like some people are like, oh, I had a boss—I love them! And I hated every one of them, not the person necessarily but the relationship of having somebody bearing down on me constantly keeping track of my work and stuff. So the freedom element for sure had me and also that's what the dollar signs ultimately represented to me was freedom, right? The freedom to be able to buy what I want to buy and go on trips when I want to go on them and not have to be bound to a desk for eight hours a day like most people are.</p><p>Agnieszka  4:13  </p><p>Yeah, freedom and independence, right? Because we feel so dependent, especially like when people work for a boss. It's not just the money part, but it's more the freedom of choice. I remember that at some point, I got a job and you know, you have to ask for holidays and I have been an entrepreneur for many years myself, but then you get a job and suddenly you get few days of holidays and you're like, wait a minute, someone is gonna tell me when I can take a day off and when I cannot and I have to you know, like really limit myself. So that is I think one big aspect of trading that is very attractive to people—that independence of choice time, how I spend my time, and of course the money it's supposed to give you. How soon did you find out that there is a lot before you can get that freedom?</p><p>Zach  5:12  </p><p>Yeah, so you know, like, when is the honeymoon period over? Right? I think every job, really every relationship, and every new hobby or new career path, let's say in this case comes at the with that honeymoon phase where you've got the stars in your eyes in the beginning, or dollar signs and you're just so into what you're doing; you're absorbing content nonstop. You're, you know, reading books, you're doing everything you possibly can; you just love it, you're in it. And then all of a sudden, like, the honeymoon is over and the long stretch begins of having to actually dig in and learn and do stuff. And that happened to me, I'd say, let's see, I had hired a coach, prior to you, who taught me the basics of trading. And it was prior to that even I think I was trading for about six months prior to that. So for those first six months was very much the honeymoon phase. When I first hired that first coach, I was like, Okay, that was about the point when I realized, I can't do this on my own right. And that was the thing that really, I think, struck me the most, because I'm a huge “do-it-yourselfer”; I like to build my own, wood furniture, and I do my own renovations and whatnot. And through all that I also was entering this career with the idea like, okay, I'm going to teach myself how to do this; I'm definitely smart enough to do that. And I'm going to just knock it out of the park. And as I kept hitting my head against the wall with frustration and the inability to actually realize any profits and to see the daily challenges with the occasional blow-up of just, you know, whether it was a virtual account or even a micro account, I was blowing them up. And I'm like this is not working, what's happening? So the honeymoon phase ended for me when I realized I need help from somebody outside of me, like a professional who knows how to do this. But even within that, I think there was still another honeymoon phase like, Okay, now I've got the coach, now I'm definitely going to learn this, it's going to be awesome. And once I'm done with this three month course, I'm ready to go right. And I'm just gonna, you know, the dollar signs are gonna start coming to fruition. So unfortunately, that also didn't happen. It takes more than just, you know, a year. By this point, I've been trading for roughly a year. And I kept hearing too, from a lot of other people online, like oh, you know, expect it to take a couple years, a year and a half, whatever. So these timelines were always in my mind. But the longer that goes, the harder it gets, I think to maintain that positivity.</p><p>Agnieszka  7:43  </p><p>Yeah, it's probably because when you are doing or when you're not entirely sure what you're doing, or you're not entirely, not always doing the right thing, right, you kind of repeat what's not working. And it's simply not working, right? Because if you do what's not working, I mean, how can you expect different results from it? But I was kind of wondering, like, while you were talking, isn't it kind of naive for all of us to start something completely new and complex? And we all know, we all knew when we started, that most traders who are beginning this profession are not going to succeed, right? And still, every single trader who is at the beginning of this career, thinks I will be different. And still goes through the same struggle goes through the same problems. Regardless of, you know, you can tell everyone, listen, but this is gonna be hard. It's gonna, you will have to face yourself, you will have to work on your mindset on your psychology, there's so many different challenges. And somehow we don't want to see that. Is that something you think is just the nature of a human? Or is it just because it's such a difficult domain and people who are trying to achieve success in it are so ambitious, that they simply do not hear all those challenges and say, you know, I am going to conquer? What do you think it is?</p><p>Zach  9:17  </p><p>Yeah, you know, so a lot. A few things there. First off, I think trading by its nature attracts ambitious people because even though trading appears to be a quick to money kind of operation, right, get rich quick scheme in a way? And a lot of people on the outside certainly have accused me of trying to chase something like that. But I think that yeah, so you're starting out with ambitious people. Most people that are getting into trading are rather ambitious. They're probably people that are willing to do things outside of the normal kind of structure of society, right? The nine to five job and, you know, planning with your 401k and having a retirement plan.</p><p>Agnieszka  9:55  </p><p>And often very successful too, right? </p><p>Zach  9:57  </p><p>Yeah, often very successful because if you're a successful in one area, you feel like, well, if I'm gonna, you know, this was my rationale, I was like, I'm a successful and smart person, if I apply to something like this that has almost limitless, you know, financial capability, then sky's the limit. Like I can be a millionaire in a year, right? And so you have a little bit of that. So you're partially clouded not only by the dollar signs of it all, and just like, you know, all of that. And plus, let's face it, a lot of the content that's out there online that's oriented around trading is typically very optimistic, right? You don't see a lot of trading coaches that are telling you like how much money they've lost and how terrible it is, and how hard it is and how many nights they cry themselves to sleep and, you know, whatever. But you do. So that, I think and the other thing you're clouded by is your own sheer ambition of just saying, like, I know, I can do this, whatever. And that's a good thing, it's important to have ambition, and it's important to have confidence that you're going to make it because without that, you're not going to make it through the trials and tribulations to get there. But there was another thing for me, which was that I did not realize even within the first six months, that to become a good trader, I needed to work on my mindset and that it involved far more than just my ability to see patterns and to recognize trends and to understand the charts and the tools on the trading platform. Like it was far more than that. And when I started to realize that was when I ultimately hired my second coach, which was you, to work on that mindset, because I came to the conclusion like, Okay, I've hired a professional trader, he's given me all the tools, and I'm still not getting it. The only other answer here is that I'm the problem, right? And so, or at least what's in between the ears is the problem. So that's when I started to look for additional support.</p><p>Agnieszka  11:46  </p><p>Yeah, it's very interesting that at the very beginning of trading, we think that with time it will just get better, right? And then, you have been trading for two years, or some people even for 10 years, and then they see someone else coming into the market and after one year, they have success. And it's a huge confusion, because how is that even possible? What I realized, what was really very important, was that profitability is actually a skill, and not just a consequence of trading. Did you know that when you started, did you know that you actually have to first learn to be profitable, and then repeat what you need to do and repeat your process and put the strategy in, in order to actually have results?</p><p>Zach  12:41  </p><p>Yeah, so short answer, no, I did not realize that. But I think I've always been aware of the idea of a money mindset, right? Or at least for—maybe not always, but definitely while I was learning how to trade, and I understood that being profitable, or being a successful, you know, person or an earner is, is a mindset. You know, it's like I was talking to somebody the other day, and we were talking about success. And I said, I stated it this way, I think it's accurate, which is that success is not a destination, success is a mindset. You have to first understand and believe who you are, what you're capable of. And believe that it's not even about believing, it's about knowing that the success is on its way, that money is coming, right that the the financial security is there, it's within reach, it's just on its way, and you almost have to it's almost a sort of a matter of manifestation in a way. And being able to bring that into you to be the right match as an individual to the type of success you want. Like, when you think of a successful person, you don't see a successful person who's constantly feeling like they're downtrodden and who's constantly feeling like, oh, woe is me, this is terrible. Like, my boss is a jerk, and this sucks over here, and you know, I'm never, I'm never gonna make it like successful people don't do that because they're successful. But they're not doing that because they're successful. They're successful, because they don't do that. And that's the mindset shift that I, I understood, but I didn't fully embody until I really worked on it. And that level, the level of work that was required for that was something I was completely unprepared for. I did not realize how important it was, how in depth it was going to be, how emotional it was going to be, and how much it was going to test me as a person. I mean, to this point, I believed well, I'm a smart person, I've got degrees from, you know, top tier universities. I've, you know, have the capability of earning money. Clearly, I've been earning money for years and had great jobs, and I've always been well liked, et cetera, et cetera, et cetera. But you know, it did not translate to the kind of financial success that I wanted until I really started focusing on that mindset. </p><p>Agnieszka  14:54  </p><p>There is also another part to being successful, which I think is, comes to light very strongly in trading, and that's failing. Because successful people, they are successful because after they fail, they get up. If you fail and never get up, you will not have success. And that's where I think that big difference comes in where you know how to deal with your failure. And it's being triggered every single day during your trading routine, right? Because every time you take a loss, if you don't know how to deal with that, if you really do not take it in and accept the losses, you just feel like you're failing every single time over and over again.</p><p>Zach  15:42  </p><p>Well, that's one of the things about trading that I think I've learned to love about it, is that it is a constant practice of failure; it's constant, you fail every day, every you know what, like, maybe 1/3 of every trade you take is a loss is a fail. And, you know, it's like that expression, it's not how hard you fall, it's how fast you get up. Getting up in this sense is not just like getting back on the horse and getting into another trade, which is honestly how it first felt to me, when I first started trading, it's like, okay, like bad trade, lost money, get back in and jump back in. But that's actually wrong. Like, you don't want to just jump back in automatically. It's not about it's not a matter of how fast you get up. It's how well you get up and to maintain that sense of clarity and get back to your rules and your trading strategy and doing your best to focus on that and stay calm and collected as you proceed. And it's no different really, than in any failure in life. You know, in any failure in life, you're going to encounter that same desire to want to just get back up and get running again. But sometimes you need that moment of reflection, and you need that moment to get back down to your roots and your baseline principles to know how to get back and get back in the right direction in a way that is not going to lead you back to that same failure, because that's certainly something we're all familiar with, right? That failing over and over and over again, the epitome of insanity, right? Or the definition of insanity to keep repeating the same thing that leads you to the same place. So yeah.</p><p>Agnieszka  17:17  </p><p>I always compare it to like, the Sisyphean task, you know, where you push the big rock up the hill, and then the moment you think you're there, it just rolls back down. And you have to start all over. For two years, for me a long time ago, it really felt that way. And I did cry myself to sleep, yes, I cried pretty much every, every day when, you know, when I was stuck in a failing cycle. And I just could not believe how this is even happening to me, to me, that successful person in other areas of life, you know, just really the cliche story. But it's at that moment, you are simply so emotional and so wrapped up in your own world and in your wants, and you know, the things you're trying to avoid, that survival mechanism that's being triggered every time. So there is a lot of emotions coming into play. And still, regardless how much stress, how much pressure and emotions you're being exposed to every single day, once you get into trading, it's very hard to get out. It's very hard to say, You know what? I have tried for two years, and it's not working. I'm just gonna stop. Many traders blow up their accounts multiple times. Right? And still, they put more money in and go. Why do you think that is? What plays a role in those decisions?</p><p>Zach  18:53  </p><p>Well, I think first off the dream is big, right? I mean, it's very easy. I fell victim of this a lot during my trading experience was, early on, was constantly doing the math on like, if I can earn this much per day, that's this much per week, which is this much per month, which is this much per year! Oh my god, this is man, this is amazing! You know, and like you keep playing that game in your head. And then maybe you'll adjust it. Oh, well, I probably can't make that much because that's like, you know, that's like an expert trader. But me as a beginner trader, maybe I can make this much which is still this much per week, this month for month, this month for a year, that's still a massive amount of money! So you're just kind of like going through this thing over and over again, believing, keeping the hopes and dreams in your mind, which is important. You have to maintain optimism, you have to be there, but that's the facade, right? That's not the reality of trading. The reality of trading is not to look at things in terms of, you know, how much you can earn; it's really about how much you can keep trading is more about about you know, maintaining what's in your bank in your in your trading account, not not just like zooming off into the stratosphere. It's about protecting that money that you've already earned. Everyone can create have a decent trade here and there; it's it's avoiding the bad trades that's really the way you become successful at trading and not overdoing those bad trades and allowing yourself to slip down that slippery slope slope of over leveraging or getting into too many, you know, a bad mindset where you're, you've lost all principles and you're just hitting that, you know, like a casino lever, right you're hitting the button, like just trade, trade, trade because you're just wanting to make up for failure. So I think that's part of it. But how did you start this, again?</p><p>Agnieszka  20:36  </p><p>About the emotions that, despite the fact that traders are suffering, I mean, the periods of the period where you are trying to make it, but you're going through this emotional roller coaster every day, because of those, you know, revenge trades, because you have no control over yourself, or you lose control over yourself suddenly, and you wake up five minutes later, and you go like, what did I just do? How did this even happen? Who is clicking that mouse? Because I know it's definitely not me.</p><p>Zach  21:09  </p><p>Yeah.</p><p>Agnieszka  21:11  </p><p>That still, considering all these negative things, traders have still difficulty to say no, and I don't mean completely stop, but even say, stop for a week, give yourself a break.</p><p>Zach  21:26  </p><p>Yeah, I think part of it is that, you know, you have this fear that if I stop or if I slow down, I'm not going to come back to it, because the reality is trading is hard. It's hard on you as a both and mentally like, the amount that you have to focus on the amount of knowledge you have to gain and constantly be reviewing and considering but also, it's hard, because it's emotionally difficult, right? The over and over again, the failures that stack up as you're trading and maybe across days or weeks, even, it starts to wear on you a lot. And I think there's some people, it's almost like a marathon mentality, right? Where it's like, running, it's really, really hard. And it's painful. And, but you know, you keep running long enough, you hit that second wind, your body just starts kind of gliding with the motions, and suddenly you're like, it's nowhere near as painful as it was, even though you're, you've ran twice as far. So I think for some, there's a little bit of that mentality, like if I give up now, I'm not going to come back to it, because I'm gonna get used to that, you know, lack of fear of lack of pain. I think there's, that's part of it. But I think it's, it's also just, you know, again, people that are attracted to trading are ambitious types. They’re the type of people that are just going to keep cracking away at something. And unfortunately, it does result in people blowing up accounts. And I think that that happens when you've got a little bit, you've got enough ambition, but you don't have enough self control and, ultimately integrity to be able to say, hey, I need to stop what I'm doing, because this is the wrong path. You know, it's like, almost like, you're blind to it. At least that's how it worked for me. On those periods.</p><p>Agnieszka  23:00  </p><p>It not only takes a toll on you, right? It's also taking a toll on your environment, and I get a lot of times, questions from people who are struggling. How do I know it's time to stop? Is it something that your coach should tell you? Is it something that you have to make an agreement with yourself like, "okay, if I lose that much money, then I'm done?" Or is that something that you have to look around and see, okay, "How is my family doing with this? How is everyone dealing with what I am trying to achieve? Is this the right moment for me to achieve that?"</p><p>Zach  23:35  </p><p>Right. So I was very fortunate in this way in that my wife fully supported me but I know that there were a lot of, there's a lot of people, a lot of traders out there who have family that is telling them, like "Stop" or "You're nuts. This is a bad idea. You're wasting, we're losing our money." Right? So I can't speak to that directly. I'm very fortunate to have had family that appreciated it. At the time that I really got into trading. It was during COVID, I was furloughed for 10 months. So it was sort of a perfect opportunity in some degree. I was almost thinking, like "Wow, the universe has given me an opportunity here to do something, right? And to learn this new thing and spend the time on it."</p><p>Agnieszka  24:08  </p><p>Did that play a role though in your, like, when you are struggling, did it play a role that you are thinking "Okay, they gave me this opportunity, they trust me." Did that create any pressure of, "They trust me and now I cannot make it?"</p><p>Zach  24:24  </p><p>For sure. So that's a great point. So as I was trading and failing at it, I felt, I mean, I'm just like this, my nature is like because I have a sense of duty to my family. I think that's a I don't know, maybe I'm wrong here, but this it seems like a male quality to me at least like having a family, you have to be the provider you have to kind of be especially in my household. My wife is a stay at home mom. So I felt that need to be a provider and especially while we were always furloughed and not making any money for sure whether it was even heightened, but I'll say that in my circumstances, I put far more pressure on myself than I did then my wife could put pressure on me to succeed at this, and that pressure ultimately was not a good recipe for success when it came to trading. I mean, you know, trading, unfortunately, is already a high-pressure situation. But when you add more pressure into it, whether it's that you have to make your bills or you have to generate income, or if you've quit your job, possibly, or you're furloughed in my case, and you're needing to supplement your lifestyle and pay for things, it's a really tough thing. And I remember when we were working together, that was like, the biggest thing, it was like when I, while we were working together, I actually got a new job, so I didn't have that pressure on me as much anymore. And that was sort of like an "Aha!" moment, like, "Oh, okay, well, now, if you don't have that pressure on you this, should you may start seeing changes here." And I think it ultimately did, but things still went sideways. So.</p><p>Agnieszka  25:48  </p><p>Yeah, because it is really not the pressure from outside, it's the pressure that we create ourselves, right? That is, most of the time it's expectations, we have a lot of expectations from ourselves. And sometimes we project expectations from others on ourselves. And the more pressure you create, the worse it gets. Because we know that, I mean, to be good in something, to do something at the highest performance level, you really want to be relaxed, right? I started playing tennis not so long time ago. And actually, where I noticed a huge improvement was when I relaxed the most. And that's such a crazy thing to realize that in life, the more you tighten up, the more you muscle up, the more wants you have, the more difficult the things become. And all we need to do is just to relax. </p><p>Zach  26:49  </p><p>Easier said than done.</p><p>Agnieszka  26:50  </p><p>Just do it easy, just relax? Why are we trying to put so much effort in everything? And I was thinking the other day, "Where does it go wrong?" Who said at some point years ago, you know millions, or like when we were growing up, like, "You have to be or you have to do everything at your best", instead of just enjoying the process, because that would be so much easier for us now in trading.</p><p>Zach  27:18  </p><p>That's a great point. And I think that enjoying the process of trading is really the key, right? If you can come to a position with it, where it's not about the money, it's not about the success rate, it's about the actual act action of finding the right trades, playing playing the chart right, entering and exiting in the right moments, I think that if you get that and you gain your satisfaction from that alone, and you could focus on that, then you will have a much more likelihood of being a successful trader. Whereas if you're trying to focus so much on the outcomes, it's gonna, you're gonna struggle.</p><p>Agnieszka  27:54  </p><p>So, speaking of confidence, you kind of touched a little bit earlier, when speaking of success, you said that in order to achieve success, you have to be confident, right? You have to believe in yourself. Now, trading, a lot of times, makes people feel less confident. It actually destroys your confidence. Because you feel like you're failing all the time. Right? Yeah. What role did your confidence play in your trading journey?</p><p>Zach  28:32  </p><p>Uh, so this is personal, but I suppose confidence is something I've always struggled with as a young person, right? All through childhood, I was picked on a bit and, you know, confidence was always something that I just struggled with, whether it was dealing with my peers, dealing with the opposite sex, dealing with anything related to work or school even. Like as an example, you know, when I went to my undergrad, my first year, I went from being top 5% In my high school to go into university, and suddenly failing almost every maj... like really hard major class, especially in the sciences that I was going for, and it was like, "Whoa," like, that was a major hit to my confidence, because suddenly I was like, I thought I was like, at least you know, top 10%. And, you know, and I was just, I needed a huge amount of extra support and tutoring to make it through just some of these first year courses. So it was a little bit of a wake up call first off that made me realize like, okay, first of all, my education that I thought I was excelling in clearly was not up to the level that a lot of other people are, and I found university to be very challenging. But it worked against my confidence. And ultimately what that meant is that I had at the time foregone switching to a major, like I wanted to really pursue architectural engineering, possibly structure engineering, something like that. And I ended up feeling that I wouldn't I can't do this. Like I just felt like I'm not gonna be able to do this. I'm not smart enough. Clearly, I'm struggling so much my freshman year so, you know, just take a different route, go to a major that's easier and get your degree and get out. Right. And that was, I mean, if I could go back and change anything in my life, it would be that. I wish I could snap, snap myself out of it and say no, like, with the right work and the right mindset, you can succeed pretty much in anything. It took me years, honestly, until it was, you know, in my 30s, to be able to discover that about myself. But so, in trading, by the time I started trading, I'd already kind of built up my confidence, at least far more than it had been in the past. And I think grad school had a lot to do with that. I, you know, went through a very challenging engineering graduate school and did really well there. And, you know, that kind of helped lift things up for me, but I was also more mature. And I think that my age kind of started to, I started to reflect more on myself and who I am and how I fit into the rest of the world. And through that, I started gaining more confidence, but trading is definitely something that will break you down to bits, you know, it's like, it'll break you down, so you can build yourself back up. And I think ultimately, that's the opportunity that trading offers. Anybody who tries it, whether you're whether you end up as a trader or not, is that you have the opportunity to get beaten down so hard with something that is seemingly, I don't want to use the word easy, but seemingly possible, right? Because you see so many people online doing and half the people that are online, successfully trading don't seem like the types of people you'd expect, you know, that are these like hardcore, really good, you know, Wall Street level traders that are driving around in Mercedes and stuff. I mean, it's just a, you know, you see regular people in T-shirts trading behind their computer, and they're making, you know, having a $4,000 afternoon or morning, and it's just incredible. But I think it worked on my confidence in that it broke it down severely over the course of about a year. I really questioned a lot about, you know, how smart am I? Am I capable of doing this? Is this something that I should even do? And then through working, you know, fortunately, fortunately, I found the right people to help me. And that's when I encountered you, to be able to work through the emotional and the mindset factors of trading. And my life has been changed ever since that, really.</p><p>Agnieszka  32:08  </p><p>It was really beautiful to see the transformation from you. And really what the biggest part of it is, and I think you said it really nicely. It's kind of, you said the trading can break you down in  pieces, right? And in fact, if you look at it from the psychological perspective, this is what needs to happen for every trader, in order to trade successfully. And let me explain why.</p><p>Because we, as people, we have huge egos, we have an ego, I mean, an image that we have created of who we think we want to be. And we are trying to fulfill that image. We are trying to do everything to make sure that people will see us that way. And that we can see us this way. And everything that does not comply with an image, we are not happy about. We call ourselves names. We beat to ourselves up about it and we are very emotional. So what actually trading helps you do is to break that image into pieces. And you need to do that because that image stands you in the way of being present with trading and not putting yourself into the equation. Because in trading, you shouldn't be there. It's just, it's the market, it’s the chart. And whatever you want, whatever dreams you have is irrelevant. The moment that you are trading, your dreams are irrelevant. The moment you start to think about them, it's done. It's done because now you are not trading, you're dreaming. </p><p>Zach  33:56 </p><p>Yeah. </p><p>Agnieszka  33:57</p><p>And that causes a lot of problems. If you're not aware of it, you will be taking everything personal. And that's where your confidence suffers. And it is good to, indeed, have someone who is going to help you through the journey and help you not take things personal, because it feels personal, right? When you're sitting there and you're losing money and it's your money, you're, you know, you worked hard to make it, to earn it or you maybe took it from your savings and it's very personal, it becomes very personal. So it is not always easy to step outside of yourself or outside to take yourself outside of the equation and actually start looking at trading impersonally. It's not about me. I know we think we are the center of the world.</p><p>Zach  34:51  </p><p>Main character, main character syndrome. That's right.</p><p>Agnieszka  34:55  </p><p>Exactly. Well, it's not, you know, it's not the wonder that we think we are the center, because in the end, you know, the Earth is turning and the center point is where we are standing and we are standing there. So it seems like everything turns around us, right?  </p><p>Zach  35:11</p><p>Yeah.</p><p>Agnieszka  35:12</p><p>But that's, that's how I see trading actually helping you to get over yourself. And, and, you know, getting over your ego helps you to live a happier life, because then it's easier to accept the things that you might not like, because things are as they are. And we are just too picky. We like this, we don't like that. And we try to resist things or we cling on to things. And that creates a lot of negative emotions in life. Because, you know, when you resist, what you resist persists. Right? So with that trading, and you mentioned that, that, you know, the changes that you are undergoing, while learning trading, or trying to succeed in the market are very helpful also in your daily life. And it definitely forms you as a person, as a human being.</p><p>Zach  36:05  </p><p>Yeah, 100%, you talk about ego—I think that the key there is that as you-with every trade that you take, a little bit of your ego goes into that trade, right? Because it's like, you're only taking a trade because you believe that you're right, first off, right. So there's already embedded within each trade is a little piece of your ego that's going in there and every single time that that trade comes back wrong, and you lose money, which is a double whammy, because that hurts even more than just having your ego shocked a bit. Now you're losing money on top of it. And there's like, you know, this actual proof of your failure with a negative balance on a trade, it really the ego element of it is challenging. And I've never perceived myself as being an egotistical person, but I know what you mean by it's more of the ego and that we all carry, right? It's the it's the the part of our personality of our person, that whether you have a big ego or not, it's you we all have something that's there that informs who we are, and you know, our stasis, our status, our confidence, all of that. Yeah, you know, trading has a lot to do with that. And it has a tendency to, to really hit areas of your ego that you hadn't previously maybe experienced. But I think that what ends up happening is just like weight training, or any other kind of physical activity, that repetition of constantly working through it, and going through those steps and feeling that that constant attack on your ego ultimately has the potential to strengthen your ego, and to help you have balance with it, right? So that it's not just all about, "Well, I'm better, I'm right." It's not that kind of ego, it's more of like, a sense of calm and collected control over yourself, confidence of who you are, what you're capable of. It's like the, I used to think that the image of a real trader was somebody who is very successful and confident and wealthy and, you know, kind of walked into a room and everyone was like, Oh, there he is, you know, kind of like that kind of thing. And that's the wrong kind of ego. It's a real kind of trader that I've now understood, like, the real image of a trader is somebody who's just extremely quiet, collected, and calm in any circumstance and is basically able to, like, analyze and be thorough and thoughtful without kind of allowing their emotions to go either to the extreme in either direction, right?</p><p>Agnieszka  38:29  </p><p>Yeah, because you don't really want to react to traders, right? So whether you're a trader or not, I think that's a quality that's very helpful in life in general, that you are not reactive to whatever is happening outside and see emotions as something that is temporary. Because everything is changing, everything is passing and so do emotions. And when you are trading you will definitely have a lot of emotions, right? And the interesting thing is, is that when the emotions are not pleasant, we don't want to feel that, right? And the emotions when you are in a trade, a lot of times people will feel anxious or nervous right because now you are exposed— you are exposed to risk. So, instead of making the time that you are exposed the shortest possible and the wait for the perfect trade, for the perfect setup where you actually feel okay, this is my chance, I really feel comfortable with that. Sometimes we trade you know, tweezers coming in and boom, boom, like you said, clicking clicking the button, making a lot of trades and exposing yourself to all these dynamics that actually make you empty, that completely use your emotional capital. And at the end of the day, you are exhausted, and you have lost money, and you're like, is this what is this all about? Is this what I'm going to try to do for the rest of my life? </p><p>Zach  40:09</p><p>Yeha, well that's the thing, you know, it's that I think where that comes from the constant kind of revenge trading where you're you know, that's sort of that you’ve fallen and you want to get back up as quickly as possible, you want to just like, you know, it's like, you don't want to be beaten down by it. So you get back up right away, and you're ready for another fight. But that's completely the wrong mentality. And that's unfortunately, the mentality that comes I think, naturally to a lot of people, especially those ambitious types, right, it's like you refuse to be taken out, be taken down. But it's not the right mentality for for trading. Trading is, you know, you're much better off to be—there's a great expression that this just comes to mind here, it's like you've and this is mostly applied to kind of society, I think it's better to be a warrior in a garden than a gardener in a war, right? So I've always loved this expression, because it's like, in other words, be capable of power. Be capable of violence, maybe not the right word, but like reassured power, right? Just the ability to go forth and knock it out. But figuratively, of course. But in trading, you have to have that ability to be able to get back up and go, go, go. But you also need to have that ability to stay calm and collected. And that's about living in that garden, right? The peaceful and tranquility of it to exist within that space, but have that ability to go and know when the right moment to strike is. But it's that balance, because you know, the worst thing to do is to be the kind of trader that goes in and is just trying to hit it harder, harder, harder each time. And as you fall and fail, you get back up and you go, you double down, right? That double down effect is really bad, especially in trading. So, you know, I think that was the part for me, too, that I struggled with a lot. I mean, there was a lot of moments where revenge trading was a cornerstone of my trading experience for a long time. And then feeling that complete depression of like, I've caused my own failure here, you know that, and it's tough, it's tough to work through, it's a very, it ends up becoming a very emotional thing. And that was ultimately something I completely did not expect when I got into trading.</p><p>Agnieszka  42:15  </p><p>And then last thing I wanted to ask you, what comes first, confidence or success? What do you think? </p><p>Zach  42:23  </p><p>Hmm. I think for some people, they fall into success backwards, while walking forward somehow. It just happens. And in those instances, I think confidence comes second to the success. It's like having major success, you now feel more confident people look at you differently, and that adds to your confidence. But that kind of confidence is only as strong as your next failure. Right? It's only it'll only be there until you failed and you will fail. Because the one thing about people who have succeeded is that they failed more times than they've succeeded. It's just a matter of course. But the other way to do it, and I think maybe the more sustainable way to do it is to build that confidence, that mindset, which I think we're kind of using interchangeably here to build that to a place where no matter how many times you fail, you will still pursue that success. And that success ultimately is there for you if you can maintain that mindset and that competence. And you only do that by work on those things first, so, so maybe a two-sided answer, but I think the better route is to build that confidence and success, confidence and, and mindset first.</p><p>Agnieszka  43:36  </p><p>That's the way I see it as well. Especially that confidence that comes really from within feeling confident about yourself and knowing that you are capable of bringing something to an end of relying on yourself, of, you know, when you promise something to yourself that you're actually going to do it, talking about integrity here. Because when you're trading it is so easy to mix it up with competence. </p><p>Zach  44:05</p><p>Yes.</p><p>Agnieszka  44:06</p><p>When you're trading well, you're confident, the moment you start losing, your confidence is gone. Thank you so much Zach, for joining us for a real conversation on topics that are not always easy to talk about, and that, you know, many people don't want to discuss many times.</p><p>Zach  44:23  </p><p>I wish you all the success. I think you, you know, I love your brand. I love what you do, and I know you helped me a lot so I'm excited for you to help others.</p><p>Agnieszka  44:33  </p><p>Thank you so much for listening to the Confidence in Trading podcast. If you enjoy my show, please rate and review it on Apple podcasts and be sure to subscribe so you can come back for a real conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 21 Apr 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Zach Rubin)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Agnieszka has a real conversation with Zach Rubin about his journey into the world of trading. They discuss how he got started, what he expected in the beginning, and the valuable lessons he has learned along the way. Zach’s biggest takeaways include developing your mindset as a trader, not just your technical skills, and learning how to fail productively. These two insights are key to finding lasting success and enjoyment in trading. </p><p>In their conversation, Zach answers Agnieszka’s questions about how he got started in trading and what inspired him in the beginning. They talk openly about how trading has lived up to his expectations, and more. While money and freedom are the initial drivers for most people who start trading, the reason people stay often surprises them. For Zach, in the end, success in trading is not really a destination but a mindset. Learning how to trade well can help you learn more about yourself and your potential, not just as a trader, but also as a person. </p><p><strong>About Zach Rubin</strong></p><p>Zach Rubin is a successful entrepreneur, Architectural Designer, and Owner of Foundry House in Greater Atlanta. Zach discovered his passion for architecture while at Penn State University, where he excelled in drafting and architectural design. He continued his education at the Georgia Institute of Technology, graduating with a Masters from the College of Architecture.  </p><p>Zach’s interest in trading was sparked during the COVID-19 wave and he started trading the Nasdaq and S&P Futures. After many ups and downs on his trading journey and making an incredible leap in his personal growth, he was able to achieve his long awaited dream. </p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul><p><strong>Contact Zach Rubin | Foundry House Design: </strong></p><ul><li><a href="https://foundryhousedesign.com/">Website: foundryhousedesign.com</a></li><li><a href="https://www.pinterest.ca/foundryhousedesign/">Pinterest: @foundaryhousedesign</a></li></ul><p>—</p><p><strong>Transcript</strong></p><p>Agnieszka  0:00  </p><p>I am very excited to have Zach here today with us who is going to share his trading journey that started very typical, but took many unexpected turns, and in the end, brought him exactly what he wanted, but not at all what he expected. We'll discuss all the difficult choices and decisions that he had to make and how he approached them. So let's get started. Hi, Zach, and welcome to the Confidence in Trading podcast.</p><p>Zach  0:29  </p><p>Hi, Agnieszka, thank you for having me.</p><p>Agnieszka  0:31  </p><p>Thank you for being here with us. The reason why most people like you and I get into trading is because they have a dream. Trading is supposed to provide them with means to realize their dream, but what many people do not realize is that their dream has nothing to do with trading. Most do not have a dream to trade. They want to trade to make money. </p><p>Zach  0:58  </p><p>Yeah. </p><p>Agnieszka  0:59  </p><p>And that brings too much focus on the result right from the start and a lot of pressure. So Zach, can you tell us, what was your dream? And why did you get into trading?</p><p>Zach  1:13  </p><p>So yeah, I mean, like most people, I think my first thought was, you start on YouTube, you're watching a lot of YouTube videos, and you see people trading—especially during the pandemic, I feel like the algorithm was just pumping like trading, traders and trading courses and everything online. And of course, you know, the dollar signs start flashing, right, the Lambos and dollar signs, you just start seeing like, oh my god, I did not realize this was possible. And it makes sense because like, as technology changes, and as, you know, this type of like knowledge, which I think previously was held so tightly by gatekeepers, let's say you had to work for a big firm to be able to learn these types of techniques in this kind of process, you know, that becomes opened up to to a larger population. And I think with online trading software and such, this is even expanded more. So, for the first time I'm seeing this, and I'm like, got the dollar signs in my eyes, right? Oh, my God, this is incredible. I could be making, you know, five grand a day, nevermind, five grand a month, right. And it just becomes this amazing opportunity. So thinking of myself, like, I know that I was very, very technical and very, you know, kind of engineering mindset. So it was like, Oh, this should be an easy fit, this should be easy for me to figure out. And, you know, if somebody, if anyone can do it, I could do it. So that's sort of what I think drew me into it at first, the dollar signs for sure. And a little bit of, you know, I'm a bit of an introvert. So I don't mind kind of working by myself on a computer at a computer screen for hours on end. And a lot of it appealed to me, I guess.</p><p>Agnieszka  2:42  </p><p>I remember when I was getting into trading the visions were not so much of the Lambos, and you know, all the luxury lifestyles that you could have, but more the free lifestyle that was really attracting me because at that time I moved to the US and I lived in Miami Beach. So you can only imagine thinking about trading in the morning and then going outside laying on the beach in the evening or in the afternoon. That was the thing for me. And everywhere you saw the pictures of traders laying in a hammock or trading with their laptops at the pool with a cocktail in their hands. Right? Those images have changed by the way very quickly in the same pictures of traders stuck in their office with like 20 screens the whole day. So that was a little bit of a clash with reality later on.</p><p>Zach  3:32  </p><p>The freedom element is also something that struck me. I'm a very freedom-oriented individual in general. And I've never enjoyed any full-time job that I've had. I've never enjoyed working with any bosses that I've had, like some people are like, oh, I had a boss—I love them! And I hated every one of them, not the person necessarily but the relationship of having somebody bearing down on me constantly keeping track of my work and stuff. So the freedom element for sure had me and also that's what the dollar signs ultimately represented to me was freedom, right? The freedom to be able to buy what I want to buy and go on trips when I want to go on them and not have to be bound to a desk for eight hours a day like most people are.</p><p>Agnieszka  4:13  </p><p>Yeah, freedom and independence, right? Because we feel so dependent, especially like when people work for a boss. It's not just the money part, but it's more the freedom of choice. I remember that at some point, I got a job and you know, you have to ask for holidays and I have been an entrepreneur for many years myself, but then you get a job and suddenly you get few days of holidays and you're like, wait a minute, someone is gonna tell me when I can take a day off and when I cannot and I have to you know, like really limit myself. So that is I think one big aspect of trading that is very attractive to people—that independence of choice time, how I spend my time, and of course the money it's supposed to give you. How soon did you find out that there is a lot before you can get that freedom?</p><p>Zach  5:12  </p><p>Yeah, so you know, like, when is the honeymoon period over? Right? I think every job, really every relationship, and every new hobby or new career path, let's say in this case comes at the with that honeymoon phase where you've got the stars in your eyes in the beginning, or dollar signs and you're just so into what you're doing; you're absorbing content nonstop. You're, you know, reading books, you're doing everything you possibly can; you just love it, you're in it. And then all of a sudden, like, the honeymoon is over and the long stretch begins of having to actually dig in and learn and do stuff. And that happened to me, I'd say, let's see, I had hired a coach, prior to you, who taught me the basics of trading. And it was prior to that even I think I was trading for about six months prior to that. So for those first six months was very much the honeymoon phase. When I first hired that first coach, I was like, Okay, that was about the point when I realized, I can't do this on my own right. And that was the thing that really, I think, struck me the most, because I'm a huge “do-it-yourselfer”; I like to build my own, wood furniture, and I do my own renovations and whatnot. And through all that I also was entering this career with the idea like, okay, I'm going to teach myself how to do this; I'm definitely smart enough to do that. And I'm going to just knock it out of the park. And as I kept hitting my head against the wall with frustration and the inability to actually realize any profits and to see the daily challenges with the occasional blow-up of just, you know, whether it was a virtual account or even a micro account, I was blowing them up. And I'm like this is not working, what's happening? So the honeymoon phase ended for me when I realized I need help from somebody outside of me, like a professional who knows how to do this. But even within that, I think there was still another honeymoon phase like, Okay, now I've got the coach, now I'm definitely going to learn this, it's going to be awesome. And once I'm done with this three month course, I'm ready to go right. And I'm just gonna, you know, the dollar signs are gonna start coming to fruition. So unfortunately, that also didn't happen. It takes more than just, you know, a year. By this point, I've been trading for roughly a year. And I kept hearing too, from a lot of other people online, like oh, you know, expect it to take a couple years, a year and a half, whatever. So these timelines were always in my mind. But the longer that goes, the harder it gets, I think to maintain that positivity.</p><p>Agnieszka  7:43  </p><p>Yeah, it's probably because when you are doing or when you're not entirely sure what you're doing, or you're not entirely, not always doing the right thing, right, you kind of repeat what's not working. And it's simply not working, right? Because if you do what's not working, I mean, how can you expect different results from it? But I was kind of wondering, like, while you were talking, isn't it kind of naive for all of us to start something completely new and complex? And we all know, we all knew when we started, that most traders who are beginning this profession are not going to succeed, right? And still, every single trader who is at the beginning of this career, thinks I will be different. And still goes through the same struggle goes through the same problems. Regardless of, you know, you can tell everyone, listen, but this is gonna be hard. It's gonna, you will have to face yourself, you will have to work on your mindset on your psychology, there's so many different challenges. And somehow we don't want to see that. Is that something you think is just the nature of a human? Or is it just because it's such a difficult domain and people who are trying to achieve success in it are so ambitious, that they simply do not hear all those challenges and say, you know, I am going to conquer? What do you think it is?</p><p>Zach  9:17  </p><p>Yeah, you know, so a lot. A few things there. First off, I think trading by its nature attracts ambitious people because even though trading appears to be a quick to money kind of operation, right, get rich quick scheme in a way? And a lot of people on the outside certainly have accused me of trying to chase something like that. But I think that yeah, so you're starting out with ambitious people. Most people that are getting into trading are rather ambitious. They're probably people that are willing to do things outside of the normal kind of structure of society, right? The nine to five job and, you know, planning with your 401k and having a retirement plan.</p><p>Agnieszka  9:55  </p><p>And often very successful too, right? </p><p>Zach  9:57  </p><p>Yeah, often very successful because if you're a successful in one area, you feel like, well, if I'm gonna, you know, this was my rationale, I was like, I'm a successful and smart person, if I apply to something like this that has almost limitless, you know, financial capability, then sky's the limit. Like I can be a millionaire in a year, right? And so you have a little bit of that. So you're partially clouded not only by the dollar signs of it all, and just like, you know, all of that. And plus, let's face it, a lot of the content that's out there online that's oriented around trading is typically very optimistic, right? You don't see a lot of trading coaches that are telling you like how much money they've lost and how terrible it is, and how hard it is and how many nights they cry themselves to sleep and, you know, whatever. But you do. So that, I think and the other thing you're clouded by is your own sheer ambition of just saying, like, I know, I can do this, whatever. And that's a good thing, it's important to have ambition, and it's important to have confidence that you're going to make it because without that, you're not going to make it through the trials and tribulations to get there. But there was another thing for me, which was that I did not realize even within the first six months, that to become a good trader, I needed to work on my mindset and that it involved far more than just my ability to see patterns and to recognize trends and to understand the charts and the tools on the trading platform. Like it was far more than that. And when I started to realize that was when I ultimately hired my second coach, which was you, to work on that mindset, because I came to the conclusion like, Okay, I've hired a professional trader, he's given me all the tools, and I'm still not getting it. The only other answer here is that I'm the problem, right? And so, or at least what's in between the ears is the problem. So that's when I started to look for additional support.</p><p>Agnieszka  11:46  </p><p>Yeah, it's very interesting that at the very beginning of trading, we think that with time it will just get better, right? And then, you have been trading for two years, or some people even for 10 years, and then they see someone else coming into the market and after one year, they have success. And it's a huge confusion, because how is that even possible? What I realized, what was really very important, was that profitability is actually a skill, and not just a consequence of trading. Did you know that when you started, did you know that you actually have to first learn to be profitable, and then repeat what you need to do and repeat your process and put the strategy in, in order to actually have results?</p><p>Zach  12:41  </p><p>Yeah, so short answer, no, I did not realize that. But I think I've always been aware of the idea of a money mindset, right? Or at least for—maybe not always, but definitely while I was learning how to trade, and I understood that being profitable, or being a successful, you know, person or an earner is, is a mindset. You know, it's like I was talking to somebody the other day, and we were talking about success. And I said, I stated it this way, I think it's accurate, which is that success is not a destination, success is a mindset. You have to first understand and believe who you are, what you're capable of. And believe that it's not even about believing, it's about knowing that the success is on its way, that money is coming, right that the the financial security is there, it's within reach, it's just on its way, and you almost have to it's almost a sort of a matter of manifestation in a way. And being able to bring that into you to be the right match as an individual to the type of success you want. Like, when you think of a successful person, you don't see a successful person who's constantly feeling like they're downtrodden and who's constantly feeling like, oh, woe is me, this is terrible. Like, my boss is a jerk, and this sucks over here, and you know, I'm never, I'm never gonna make it like successful people don't do that because they're successful. But they're not doing that because they're successful. They're successful, because they don't do that. And that's the mindset shift that I, I understood, but I didn't fully embody until I really worked on it. And that level, the level of work that was required for that was something I was completely unprepared for. I did not realize how important it was, how in depth it was going to be, how emotional it was going to be, and how much it was going to test me as a person. I mean, to this point, I believed well, I'm a smart person, I've got degrees from, you know, top tier universities. I've, you know, have the capability of earning money. Clearly, I've been earning money for years and had great jobs, and I've always been well liked, et cetera, et cetera, et cetera. But you know, it did not translate to the kind of financial success that I wanted until I really started focusing on that mindset. </p><p>Agnieszka  14:54  </p><p>There is also another part to being successful, which I think is, comes to light very strongly in trading, and that's failing. Because successful people, they are successful because after they fail, they get up. If you fail and never get up, you will not have success. And that's where I think that big difference comes in where you know how to deal with your failure. And it's being triggered every single day during your trading routine, right? Because every time you take a loss, if you don't know how to deal with that, if you really do not take it in and accept the losses, you just feel like you're failing every single time over and over again.</p><p>Zach  15:42  </p><p>Well, that's one of the things about trading that I think I've learned to love about it, is that it is a constant practice of failure; it's constant, you fail every day, every you know what, like, maybe 1/3 of every trade you take is a loss is a fail. And, you know, it's like that expression, it's not how hard you fall, it's how fast you get up. Getting up in this sense is not just like getting back on the horse and getting into another trade, which is honestly how it first felt to me, when I first started trading, it's like, okay, like bad trade, lost money, get back in and jump back in. But that's actually wrong. Like, you don't want to just jump back in automatically. It's not about it's not a matter of how fast you get up. It's how well you get up and to maintain that sense of clarity and get back to your rules and your trading strategy and doing your best to focus on that and stay calm and collected as you proceed. And it's no different really, than in any failure in life. You know, in any failure in life, you're going to encounter that same desire to want to just get back up and get running again. But sometimes you need that moment of reflection, and you need that moment to get back down to your roots and your baseline principles to know how to get back and get back in the right direction in a way that is not going to lead you back to that same failure, because that's certainly something we're all familiar with, right? That failing over and over and over again, the epitome of insanity, right? Or the definition of insanity to keep repeating the same thing that leads you to the same place. So yeah.</p><p>Agnieszka  17:17  </p><p>I always compare it to like, the Sisyphean task, you know, where you push the big rock up the hill, and then the moment you think you're there, it just rolls back down. And you have to start all over. For two years, for me a long time ago, it really felt that way. And I did cry myself to sleep, yes, I cried pretty much every, every day when, you know, when I was stuck in a failing cycle. And I just could not believe how this is even happening to me, to me, that successful person in other areas of life, you know, just really the cliche story. But it's at that moment, you are simply so emotional and so wrapped up in your own world and in your wants, and you know, the things you're trying to avoid, that survival mechanism that's being triggered every time. So there is a lot of emotions coming into play. And still, regardless how much stress, how much pressure and emotions you're being exposed to every single day, once you get into trading, it's very hard to get out. It's very hard to say, You know what? I have tried for two years, and it's not working. I'm just gonna stop. Many traders blow up their accounts multiple times. Right? And still, they put more money in and go. Why do you think that is? What plays a role in those decisions?</p><p>Zach  18:53  </p><p>Well, I think first off the dream is big, right? I mean, it's very easy. I fell victim of this a lot during my trading experience was, early on, was constantly doing the math on like, if I can earn this much per day, that's this much per week, which is this much per month, which is this much per year! Oh my god, this is man, this is amazing! You know, and like you keep playing that game in your head. And then maybe you'll adjust it. Oh, well, I probably can't make that much because that's like, you know, that's like an expert trader. But me as a beginner trader, maybe I can make this much which is still this much per week, this month for month, this month for a year, that's still a massive amount of money! So you're just kind of like going through this thing over and over again, believing, keeping the hopes and dreams in your mind, which is important. You have to maintain optimism, you have to be there, but that's the facade, right? That's not the reality of trading. The reality of trading is not to look at things in terms of, you know, how much you can earn; it's really about how much you can keep trading is more about about you know, maintaining what's in your bank in your in your trading account, not not just like zooming off into the stratosphere. It's about protecting that money that you've already earned. Everyone can create have a decent trade here and there; it's it's avoiding the bad trades that's really the way you become successful at trading and not overdoing those bad trades and allowing yourself to slip down that slippery slope slope of over leveraging or getting into too many, you know, a bad mindset where you're, you've lost all principles and you're just hitting that, you know, like a casino lever, right you're hitting the button, like just trade, trade, trade because you're just wanting to make up for failure. So I think that's part of it. But how did you start this, again?</p><p>Agnieszka  20:36  </p><p>About the emotions that, despite the fact that traders are suffering, I mean, the periods of the period where you are trying to make it, but you're going through this emotional roller coaster every day, because of those, you know, revenge trades, because you have no control over yourself, or you lose control over yourself suddenly, and you wake up five minutes later, and you go like, what did I just do? How did this even happen? Who is clicking that mouse? Because I know it's definitely not me.</p><p>Zach  21:09  </p><p>Yeah.</p><p>Agnieszka  21:11  </p><p>That still, considering all these negative things, traders have still difficulty to say no, and I don't mean completely stop, but even say, stop for a week, give yourself a break.</p><p>Zach  21:26  </p><p>Yeah, I think part of it is that, you know, you have this fear that if I stop or if I slow down, I'm not going to come back to it, because the reality is trading is hard. It's hard on you as a both and mentally like, the amount that you have to focus on the amount of knowledge you have to gain and constantly be reviewing and considering but also, it's hard, because it's emotionally difficult, right? The over and over again, the failures that stack up as you're trading and maybe across days or weeks, even, it starts to wear on you a lot. And I think there's some people, it's almost like a marathon mentality, right? Where it's like, running, it's really, really hard. And it's painful. And, but you know, you keep running long enough, you hit that second wind, your body just starts kind of gliding with the motions, and suddenly you're like, it's nowhere near as painful as it was, even though you're, you've ran twice as far. So I think for some, there's a little bit of that mentality, like if I give up now, I'm not going to come back to it, because I'm gonna get used to that, you know, lack of fear of lack of pain. I think there's, that's part of it. But I think it's, it's also just, you know, again, people that are attracted to trading are ambitious types. They’re the type of people that are just going to keep cracking away at something. And unfortunately, it does result in people blowing up accounts. And I think that that happens when you've got a little bit, you've got enough ambition, but you don't have enough self control and, ultimately integrity to be able to say, hey, I need to stop what I'm doing, because this is the wrong path. You know, it's like, almost like, you're blind to it. At least that's how it worked for me. On those periods.</p><p>Agnieszka  23:00  </p><p>It not only takes a toll on you, right? It's also taking a toll on your environment, and I get a lot of times, questions from people who are struggling. How do I know it's time to stop? Is it something that your coach should tell you? Is it something that you have to make an agreement with yourself like, "okay, if I lose that much money, then I'm done?" Or is that something that you have to look around and see, okay, "How is my family doing with this? How is everyone dealing with what I am trying to achieve? Is this the right moment for me to achieve that?"</p><p>Zach  23:35  </p><p>Right. So I was very fortunate in this way in that my wife fully supported me but I know that there were a lot of, there's a lot of people, a lot of traders out there who have family that is telling them, like "Stop" or "You're nuts. This is a bad idea. You're wasting, we're losing our money." Right? So I can't speak to that directly. I'm very fortunate to have had family that appreciated it. At the time that I really got into trading. It was during COVID, I was furloughed for 10 months. So it was sort of a perfect opportunity in some degree. I was almost thinking, like "Wow, the universe has given me an opportunity here to do something, right? And to learn this new thing and spend the time on it."</p><p>Agnieszka  24:08  </p><p>Did that play a role though in your, like, when you are struggling, did it play a role that you are thinking "Okay, they gave me this opportunity, they trust me." Did that create any pressure of, "They trust me and now I cannot make it?"</p><p>Zach  24:24  </p><p>For sure. So that's a great point. So as I was trading and failing at it, I felt, I mean, I'm just like this, my nature is like because I have a sense of duty to my family. I think that's a I don't know, maybe I'm wrong here, but this it seems like a male quality to me at least like having a family, you have to be the provider you have to kind of be especially in my household. My wife is a stay at home mom. So I felt that need to be a provider and especially while we were always furloughed and not making any money for sure whether it was even heightened, but I'll say that in my circumstances, I put far more pressure on myself than I did then my wife could put pressure on me to succeed at this, and that pressure ultimately was not a good recipe for success when it came to trading. I mean, you know, trading, unfortunately, is already a high-pressure situation. But when you add more pressure into it, whether it's that you have to make your bills or you have to generate income, or if you've quit your job, possibly, or you're furloughed in my case, and you're needing to supplement your lifestyle and pay for things, it's a really tough thing. And I remember when we were working together, that was like, the biggest thing, it was like when I, while we were working together, I actually got a new job, so I didn't have that pressure on me as much anymore. And that was sort of like an "Aha!" moment, like, "Oh, okay, well, now, if you don't have that pressure on you this, should you may start seeing changes here." And I think it ultimately did, but things still went sideways. So.</p><p>Agnieszka  25:48  </p><p>Yeah, because it is really not the pressure from outside, it's the pressure that we create ourselves, right? That is, most of the time it's expectations, we have a lot of expectations from ourselves. And sometimes we project expectations from others on ourselves. And the more pressure you create, the worse it gets. Because we know that, I mean, to be good in something, to do something at the highest performance level, you really want to be relaxed, right? I started playing tennis not so long time ago. And actually, where I noticed a huge improvement was when I relaxed the most. And that's such a crazy thing to realize that in life, the more you tighten up, the more you muscle up, the more wants you have, the more difficult the things become. And all we need to do is just to relax. </p><p>Zach  26:49  </p><p>Easier said than done.</p><p>Agnieszka  26:50  </p><p>Just do it easy, just relax? Why are we trying to put so much effort in everything? And I was thinking the other day, "Where does it go wrong?" Who said at some point years ago, you know millions, or like when we were growing up, like, "You have to be or you have to do everything at your best", instead of just enjoying the process, because that would be so much easier for us now in trading.</p><p>Zach  27:18  </p><p>That's a great point. And I think that enjoying the process of trading is really the key, right? If you can come to a position with it, where it's not about the money, it's not about the success rate, it's about the actual act action of finding the right trades, playing playing the chart right, entering and exiting in the right moments, I think that if you get that and you gain your satisfaction from that alone, and you could focus on that, then you will have a much more likelihood of being a successful trader. Whereas if you're trying to focus so much on the outcomes, it's gonna, you're gonna struggle.</p><p>Agnieszka  27:54  </p><p>So, speaking of confidence, you kind of touched a little bit earlier, when speaking of success, you said that in order to achieve success, you have to be confident, right? You have to believe in yourself. Now, trading, a lot of times, makes people feel less confident. It actually destroys your confidence. Because you feel like you're failing all the time. Right? Yeah. What role did your confidence play in your trading journey?</p><p>Zach  28:32  </p><p>Uh, so this is personal, but I suppose confidence is something I've always struggled with as a young person, right? All through childhood, I was picked on a bit and, you know, confidence was always something that I just struggled with, whether it was dealing with my peers, dealing with the opposite sex, dealing with anything related to work or school even. Like as an example, you know, when I went to my undergrad, my first year, I went from being top 5% In my high school to go into university, and suddenly failing almost every maj... like really hard major class, especially in the sciences that I was going for, and it was like, "Whoa," like, that was a major hit to my confidence, because suddenly I was like, I thought I was like, at least you know, top 10%. And, you know, and I was just, I needed a huge amount of extra support and tutoring to make it through just some of these first year courses. So it was a little bit of a wake up call first off that made me realize like, okay, first of all, my education that I thought I was excelling in clearly was not up to the level that a lot of other people are, and I found university to be very challenging. But it worked against my confidence. And ultimately what that meant is that I had at the time foregone switching to a major, like I wanted to really pursue architectural engineering, possibly structure engineering, something like that. And I ended up feeling that I wouldn't I can't do this. Like I just felt like I'm not gonna be able to do this. I'm not smart enough. Clearly, I'm struggling so much my freshman year so, you know, just take a different route, go to a major that's easier and get your degree and get out. Right. And that was, I mean, if I could go back and change anything in my life, it would be that. I wish I could snap, snap myself out of it and say no, like, with the right work and the right mindset, you can succeed pretty much in anything. It took me years, honestly, until it was, you know, in my 30s, to be able to discover that about myself. But so, in trading, by the time I started trading, I'd already kind of built up my confidence, at least far more than it had been in the past. And I think grad school had a lot to do with that. I, you know, went through a very challenging engineering graduate school and did really well there. And, you know, that kind of helped lift things up for me, but I was also more mature. And I think that my age kind of started to, I started to reflect more on myself and who I am and how I fit into the rest of the world. And through that, I started gaining more confidence, but trading is definitely something that will break you down to bits, you know, it's like, it'll break you down, so you can build yourself back up. And I think ultimately, that's the opportunity that trading offers. Anybody who tries it, whether you're whether you end up as a trader or not, is that you have the opportunity to get beaten down so hard with something that is seemingly, I don't want to use the word easy, but seemingly possible, right? Because you see so many people online doing and half the people that are online, successfully trading don't seem like the types of people you'd expect, you know, that are these like hardcore, really good, you know, Wall Street level traders that are driving around in Mercedes and stuff. I mean, it's just a, you know, you see regular people in T-shirts trading behind their computer, and they're making, you know, having a $4,000 afternoon or morning, and it's just incredible. But I think it worked on my confidence in that it broke it down severely over the course of about a year. I really questioned a lot about, you know, how smart am I? Am I capable of doing this? Is this something that I should even do? And then through working, you know, fortunately, fortunately, I found the right people to help me. And that's when I encountered you, to be able to work through the emotional and the mindset factors of trading. And my life has been changed ever since that, really.</p><p>Agnieszka  32:08  </p><p>It was really beautiful to see the transformation from you. And really what the biggest part of it is, and I think you said it really nicely. It's kind of, you said the trading can break you down in  pieces, right? And in fact, if you look at it from the psychological perspective, this is what needs to happen for every trader, in order to trade successfully. And let me explain why.</p><p>Because we, as people, we have huge egos, we have an ego, I mean, an image that we have created of who we think we want to be. And we are trying to fulfill that image. We are trying to do everything to make sure that people will see us that way. And that we can see us this way. And everything that does not comply with an image, we are not happy about. We call ourselves names. We beat to ourselves up about it and we are very emotional. So what actually trading helps you do is to break that image into pieces. And you need to do that because that image stands you in the way of being present with trading and not putting yourself into the equation. Because in trading, you shouldn't be there. It's just, it's the market, it’s the chart. And whatever you want, whatever dreams you have is irrelevant. The moment that you are trading, your dreams are irrelevant. The moment you start to think about them, it's done. It's done because now you are not trading, you're dreaming. </p><p>Zach  33:56 </p><p>Yeah. </p><p>Agnieszka  33:57</p><p>And that causes a lot of problems. If you're not aware of it, you will be taking everything personal. And that's where your confidence suffers. And it is good to, indeed, have someone who is going to help you through the journey and help you not take things personal, because it feels personal, right? When you're sitting there and you're losing money and it's your money, you're, you know, you worked hard to make it, to earn it or you maybe took it from your savings and it's very personal, it becomes very personal. So it is not always easy to step outside of yourself or outside to take yourself outside of the equation and actually start looking at trading impersonally. It's not about me. I know we think we are the center of the world.</p><p>Zach  34:51  </p><p>Main character, main character syndrome. That's right.</p><p>Agnieszka  34:55  </p><p>Exactly. Well, it's not, you know, it's not the wonder that we think we are the center, because in the end, you know, the Earth is turning and the center point is where we are standing and we are standing there. So it seems like everything turns around us, right?  </p><p>Zach  35:11</p><p>Yeah.</p><p>Agnieszka  35:12</p><p>But that's, that's how I see trading actually helping you to get over yourself. And, and, you know, getting over your ego helps you to live a happier life, because then it's easier to accept the things that you might not like, because things are as they are. And we are just too picky. We like this, we don't like that. And we try to resist things or we cling on to things. And that creates a lot of negative emotions in life. Because, you know, when you resist, what you resist persists. Right? So with that trading, and you mentioned that, that, you know, the changes that you are undergoing, while learning trading, or trying to succeed in the market are very helpful also in your daily life. And it definitely forms you as a person, as a human being.</p><p>Zach  36:05  </p><p>Yeah, 100%, you talk about ego—I think that the key there is that as you-with every trade that you take, a little bit of your ego goes into that trade, right? Because it's like, you're only taking a trade because you believe that you're right, first off, right. So there's already embedded within each trade is a little piece of your ego that's going in there and every single time that that trade comes back wrong, and you lose money, which is a double whammy, because that hurts even more than just having your ego shocked a bit. Now you're losing money on top of it. And there's like, you know, this actual proof of your failure with a negative balance on a trade, it really the ego element of it is challenging. And I've never perceived myself as being an egotistical person, but I know what you mean by it's more of the ego and that we all carry, right? It's the it's the the part of our personality of our person, that whether you have a big ego or not, it's you we all have something that's there that informs who we are, and you know, our stasis, our status, our confidence, all of that. Yeah, you know, trading has a lot to do with that. And it has a tendency to, to really hit areas of your ego that you hadn't previously maybe experienced. But I think that what ends up happening is just like weight training, or any other kind of physical activity, that repetition of constantly working through it, and going through those steps and feeling that that constant attack on your ego ultimately has the potential to strengthen your ego, and to help you have balance with it, right? So that it's not just all about, "Well, I'm better, I'm right." It's not that kind of ego, it's more of like, a sense of calm and collected control over yourself, confidence of who you are, what you're capable of. It's like the, I used to think that the image of a real trader was somebody who is very successful and confident and wealthy and, you know, kind of walked into a room and everyone was like, Oh, there he is, you know, kind of like that kind of thing. And that's the wrong kind of ego. It's a real kind of trader that I've now understood, like, the real image of a trader is somebody who's just extremely quiet, collected, and calm in any circumstance and is basically able to, like, analyze and be thorough and thoughtful without kind of allowing their emotions to go either to the extreme in either direction, right?</p><p>Agnieszka  38:29  </p><p>Yeah, because you don't really want to react to traders, right? So whether you're a trader or not, I think that's a quality that's very helpful in life in general, that you are not reactive to whatever is happening outside and see emotions as something that is temporary. Because everything is changing, everything is passing and so do emotions. And when you are trading you will definitely have a lot of emotions, right? And the interesting thing is, is that when the emotions are not pleasant, we don't want to feel that, right? And the emotions when you are in a trade, a lot of times people will feel anxious or nervous right because now you are exposed— you are exposed to risk. So, instead of making the time that you are exposed the shortest possible and the wait for the perfect trade, for the perfect setup where you actually feel okay, this is my chance, I really feel comfortable with that. Sometimes we trade you know, tweezers coming in and boom, boom, like you said, clicking clicking the button, making a lot of trades and exposing yourself to all these dynamics that actually make you empty, that completely use your emotional capital. And at the end of the day, you are exhausted, and you have lost money, and you're like, is this what is this all about? Is this what I'm going to try to do for the rest of my life? </p><p>Zach  40:09</p><p>Yeha, well that's the thing, you know, it's that I think where that comes from the constant kind of revenge trading where you're you know, that's sort of that you’ve fallen and you want to get back up as quickly as possible, you want to just like, you know, it's like, you don't want to be beaten down by it. So you get back up right away, and you're ready for another fight. But that's completely the wrong mentality. And that's unfortunately, the mentality that comes I think, naturally to a lot of people, especially those ambitious types, right, it's like you refuse to be taken out, be taken down. But it's not the right mentality for for trading. Trading is, you know, you're much better off to be—there's a great expression that this just comes to mind here, it's like you've and this is mostly applied to kind of society, I think it's better to be a warrior in a garden than a gardener in a war, right? So I've always loved this expression, because it's like, in other words, be capable of power. Be capable of violence, maybe not the right word, but like reassured power, right? Just the ability to go forth and knock it out. But figuratively, of course. But in trading, you have to have that ability to be able to get back up and go, go, go. But you also need to have that ability to stay calm and collected. And that's about living in that garden, right? The peaceful and tranquility of it to exist within that space, but have that ability to go and know when the right moment to strike is. But it's that balance, because you know, the worst thing to do is to be the kind of trader that goes in and is just trying to hit it harder, harder, harder each time. And as you fall and fail, you get back up and you go, you double down, right? That double down effect is really bad, especially in trading. So, you know, I think that was the part for me, too, that I struggled with a lot. I mean, there was a lot of moments where revenge trading was a cornerstone of my trading experience for a long time. And then feeling that complete depression of like, I've caused my own failure here, you know that, and it's tough, it's tough to work through, it's a very, it ends up becoming a very emotional thing. And that was ultimately something I completely did not expect when I got into trading.</p><p>Agnieszka  42:15  </p><p>And then last thing I wanted to ask you, what comes first, confidence or success? What do you think? </p><p>Zach  42:23  </p><p>Hmm. I think for some people, they fall into success backwards, while walking forward somehow. It just happens. And in those instances, I think confidence comes second to the success. It's like having major success, you now feel more confident people look at you differently, and that adds to your confidence. But that kind of confidence is only as strong as your next failure. Right? It's only it'll only be there until you failed and you will fail. Because the one thing about people who have succeeded is that they failed more times than they've succeeded. It's just a matter of course. But the other way to do it, and I think maybe the more sustainable way to do it is to build that confidence, that mindset, which I think we're kind of using interchangeably here to build that to a place where no matter how many times you fail, you will still pursue that success. And that success ultimately is there for you if you can maintain that mindset and that competence. And you only do that by work on those things first, so, so maybe a two-sided answer, but I think the better route is to build that confidence and success, confidence and, and mindset first.</p><p>Agnieszka  43:36  </p><p>That's the way I see it as well. Especially that confidence that comes really from within feeling confident about yourself and knowing that you are capable of bringing something to an end of relying on yourself, of, you know, when you promise something to yourself that you're actually going to do it, talking about integrity here. Because when you're trading it is so easy to mix it up with competence. </p><p>Zach  44:05</p><p>Yes.</p><p>Agnieszka  44:06</p><p>When you're trading well, you're confident, the moment you start losing, your confidence is gone. Thank you so much Zach, for joining us for a real conversation on topics that are not always easy to talk about, and that, you know, many people don't want to discuss many times.</p><p>Zach  44:23  </p><p>I wish you all the success. I think you, you know, I love your brand. I love what you do, and I know you helped me a lot so I'm excited for you to help others.</p><p>Agnieszka  44:33  </p><p>Thank you so much for listening to the Confidence in Trading podcast. If you enjoy my show, please rate and review it on Apple podcasts and be sure to subscribe so you can come back for a real conversation in the next episode. Until then, this is Agnieszka Wood from Ahead Coach. And don't forget you too can realize your dream without losing yourself and your confidence in the process.</p>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="50103143" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/4be1d2fa-0f24-4242-a844-07d02cc2b550/audio/eca30d6b-0ac0-4219-a098-fc2938b59f95/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Beginner&apos;s Journey</itunes:title>
      <itunes:author>Zach Rubin</itunes:author>
      <itunes:image href="https://image.simplecastcdn.com/images/1e424771-e440-407b-816b-56afe0e005a1/b68fc543-1786-4ad2-af46-ebf12a572e4c/3000x3000/ahead-coach-ahc-podcast-cover-3000x3000px-br-06-feb-2023-v5-r2-2.jpg?aid=rss_feed"/>
      <itunes:duration>00:45:17</itunes:duration>
      <itunes:summary>Agnieszka has a real conversation with Zach Rubin about his journey into the world of trading. They discuss how he got started, what he expected in the beginning, and the valuable lessons he has learned along the way. Zach’s biggest takeaways include developing your mindset as a trader, not just your technical skills, and learning how to fail productively. These two insights are key to finding lasting success and enjoyment in trading. </itunes:summary>
      <itunes:subtitle>Agnieszka has a real conversation with Zach Rubin about his journey into the world of trading. They discuss how he got started, what he expected in the beginning, and the valuable lessons he has learned along the way. Zach’s biggest takeaways include developing your mindset as a trader, not just your technical skills, and learning how to fail productively. These two insights are key to finding lasting success and enjoyment in trading. </itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>full</itunes:episodeType>
      <itunes:episode>1</itunes:episode>
    </item>
    <item>
      <guid isPermaLink="false">ece7eb36-01e4-4403-8fbd-3ce1b779cc42</guid>
      <title>Trailer: Confidence in Trading</title>
      <description><![CDATA[<p>Confidence in Trading Mindset Mastery podcast, where we host candid, real-life conversations with traders at various stages of their journey, discuss the issues that matter to every trader and deep dive into different perspectives, to inspire you and help you navigate the emotional ups and downs with self-compassion and confidence.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></description>
      <pubDate>Fri, 17 Mar 2023 05:00:00 +0000</pubDate>
      <author>launchyourlife@aheadcoach.com (Agnieszka Wood)</author>
      <link>http://confidenceintrading.com/</link>
      <content:encoded><![CDATA[<p>Confidence in Trading Mindset Mastery podcast, where we host candid, real-life conversations with traders at various stages of their journey, discuss the issues that matter to every trader and deep dive into different perspectives, to inspire you and help you navigate the emotional ups and downs with self-compassion and confidence.</p><p>—</p><p><strong>Contact Agnieszka Wood | Ahead Coach: </strong></p><ul><li><a href="https://www.aheadcoach.com/">Website: aheadcoach.com</a></li><li><a href="https://twitter.com/Ahead_Coach">Twitter: @Ahead_Coach</a></li><li><a href="https://www.youtube.com/channel/UCnmOk-GZ52QzonkJvX9ngCw">YouTube: @aheadcoach</a></li><li><a href="https://www.facebook.com/agnieszkawoodpage">Facebook: Agnieszka Wood</a></li><li><a href="https://www.instagram.com/ahead.coach/">Instagram: ahead.coach</a></li><li><a href="https://www.linkedin.com/in/agnieszkawood/">LinkedIn: Agnieszka Wood</a></li></ul>
<p><p>____________________________________</p><p><strong>✉ Contact me:</strong> launchyourlife@aheadcoach.com</p><p>____________________________________</p><p>▶️ <strong>My website:</strong> https://www.aheadcoach.com/</p><p>▶️ <strong>X: </strong>https://x.com/Ahead_Coach</p><p><strong>▶️ Instagram: </strong>https://www.instagram.com/ahead.coach/</p><p>▶️ <strong>Facebook:</strong> https://www.facebook.com/agnieszkawoodpage/</p></p>]]></content:encoded>
      <enclosure length="4375728" type="audio/mpeg" url="https://cdn.simplecast.com/audio/ba80aedf-de96-47a7-abcd-773a58b835b6/episodes/17f525fa-2213-4a49-a7aa-10c6145ae36a/audio/18d4af2f-73b9-40b7-983f-c500b07ea93b/default_tc.mp3?aid=rss_feed&amp;feed=PZffvjEY"/>
      <itunes:title>Trailer: Confidence in Trading</itunes:title>
      <itunes:author>Agnieszka Wood</itunes:author>
      <itunes:duration>00:01:57</itunes:duration>
      <itunes:summary>Confidence in Trading Mindset Mastery podcast, where we host candid, real-life conversations with traders at various stages of their journey, discuss the issues that matter to every trader and deep dive into different perspectives, to inspire you and help you navigate the emotional ups and downs with self-compassion and confidence.</itunes:summary>
      <itunes:subtitle>Confidence in Trading Mindset Mastery podcast, where we host candid, real-life conversations with traders at various stages of their journey, discuss the issues that matter to every trader and deep dive into different perspectives, to inspire you and help you navigate the emotional ups and downs with self-compassion and confidence.</itunes:subtitle>
      <itunes:explicit>false</itunes:explicit>
      <itunes:episodeType>trailer</itunes:episodeType>
    </item>
  </channel>
</rss>