Trading Story: Trading Interviews, Tips & Inspiration For Newer Traders

Who among us hasn’t had that well-meaning soul try to steer us clear from day trading? I remember working at Dell in the early 2000’s. I had a fairly easy job at the time. It was an internal support job where we took calls from sales people and tried to answer questions that they didn’t know. At times it was the easiest job I ever had. These were the early days of the internet. And sometimes, for hours on end, I would have 1, maybe 2, three-minute calls per hour answering simple questions about some internal policy. Easy stuff. The rest of the time I was ‘surfing the net’ with my colleagues. One guy got so comfortable he got fired for bringing his video game to work a couple times. The fact is, he could do that and still answer his calls because the queue was so dead most of the time. At least I thought so. Unfortunately for him, our manager didn’t agree. So he was canned and none of us brought video games up to work again. Such was my life at Dell in the early 2000s. Day Trading is for Fools? Anyway, I remem

Toni Turner is president of Trendstar Trading Group and runs ToniTurner.com. She is the author of a best selling book, "A Beginner's Guide to Day Trading Online, 2nd Edition." as well as other books. She's been a guest on CNBC, CNN, MSNBC, and Fox Business and has contributed to numerous financial publications including TheStreet.com and Weiss Incorporated. She speaks regularly on trading and investing topics throughout the country.

A couple days ago, I had the privilege of speaking with another podcast listener. This guy, who will rename anonymous and who happens to be from Germany. I have a special affinity for Germany. I’ve only been to Germany one time, way back in 1990 just after the Berlin Wall fell. My family and I were visiting Austria and we were in Saltzberg. We had the chance to checkout Berchtesgaden, just over the Austrian border in Germany. That was where Hitler’s Eagle’s Nest was located. Being a history buff I was pretty stoked about going and the visit did not disappoint. The trip up the mountain was pretty foggy, so I didn’t see all the spectacular views that I’m sure were there, but it was a great experience for a teenage kid enamored with anything related to European history. I haven’t been to the cool cities yet like Berlin or Munich yet. Maybe one day. Anyway, this listener had a great comment about learning how to trade. He said ‘learning to trade is a bumpy journey’. Like me, he’s been at it a few years and still

Mark Dannenberg was a senior executive at a Fortune 500 company. He has 26 years of experience in trading options. He's also an author and speaker and loves teaching newer traders about options at OptionsMoneyMaker.com. When he's not trading, he's hanging out with his family, and riding his motorcycle along the Pacific Coast Highway.

Three things or three ‘goods’ to look for in your trading coach. These are things that I look for in a trading coach and things that you may want to consider if you’re at the point of hiring a trading mentor. 1. Good trader2. Good teacher3. Good personBonus: Good Life (Are they living the life you want to live?)

Charles is a trading coach at Trade Empowered and is currently a part-time trader. He's also the President and Head Trader at Trade Katz based in Lenexa, Kansas, USA.

Algorithms are everywhere. Algorithms are running grocery stores like Walmart with air conditioning controlled from corporate in Bentonville, Arkansas. They’re help determine what you’re likely to buy next on Amazon.com and serve you relevant ads just before you buy that trading book. Perhaps the most ubiquitous algorithm is Google’s. Google’s algorithm, in theory and according to their engineers, attempts to provide the best search results for their users search query and even un-typed intent. So algorithms are everywhere. It should not be surprising to find algorithms at work in the markets. But it may not be something you think about much. That said, it is something you should think about because those same markets where you and I trade are affected by trading algorithms every day. Sometimes dramatically.

Bert Mouler is the founder and CEO of Profluent Capital where they manage funds using algorithmic trading strategies. He also works in cryptocurrency mining, currency hedging, and more.

Sometimes on these shorter episodes, I get personal. I start that uncomfortable (at least for me) naval gazing and let you into the inner sanctum of a developing trader’s mind. Hopefully it’s not too personal, but my intent is for it to be real. And then at other times, we review a particular area of the market or an area of life as a newer trader – be it something about forex or goal setting or how to pick a trading market. This episode is more of a hybrid between the two: this episode is both personal with a hint of belly gazing. But hopefully it’s practical as well.

Robb Reinhold is a full-time trader and a principal at Maverick Trading. He’s been trading stocks, options, forex, futures, etc. since 1997. He’s a published author of Maverick Trading: Proven Techniques to Create Generational Wealth and he also runs the training at Maverick Trading, a proprietary trading company that helps train new traders in the markets.

4 things to expect from the podcast in 2016: Weekly awesome trading interviews, helpful tips for newer traders, personal trading updates from Brandon, and useful email updates along the way.

Michael Lamothe is the founder and CEO of Chart Your Trade, a website dedicated to providing traders/investors with an array of robust tools, analysis, webinars, and forums to assist them in their trading journeys.  His vision for ChartYourTrade.com is to not only teach fellow traders his trading methodology, but to also inspire them to work toward achieving financial freedom.

On Monday, we introduced our podcast’s first sponsor, K Capital Advisors. If you haven’t heard Kyle Fisher’s interview on Monday, you probably should. This episode is a follow-up to Kyle’s trading methodology. But even if you don’t hear Kyle’s interview, you should get some value out of this episode. Kyle’s approach to the stock market is swing trading. And it perfectly aligns with the target audience of the Trading Story podcast audience. Our audience is smart, they believe in the dream of trading, and have some time (though not enough to join a full-on mentoring program yet) to devote to learning more about the markets. I believe swing trading is the perfect vehicle to step further into the world of trading. So without further ado, here are 6 reasons you should swing trade stocks in 2016. 1. Investing 2.02. Method trades the most popular market – stock market.3. Learn to trade stocks by doing.4. Doesn’t take much time (using a picking service).5. To understand first-hand why professionals use stops.6. Great

Kyle Fisher has been trading for 10 years. He runs KCapitalAdvisors.com, a stock trading advisory firm where he provides small cap stock signals for swing traders. He focuses his practice on swing trading which is one of the reasons I wanted to chat with him today. He has earned his MBA from University of Massachusetts and is working on his Chartered Financial Analyst (CFA) designation. He lives in Philadelphia, Pennsylvania and is a full-time trader.

Here we are at the end of another year. Lots to be thankful for, much to look forward to. If 2015, wasn’t what you had wished for or even if it was, the end of the year is a good time to reflect. And it’s also a great time to think ahead. That’s why I wanted to dedicate an entire podcast episode to goal setting…with a twist. First off, it’s about goal setting. No surprise there, you’ll see a lot of podcasts about that. Second, it’s specifically about goal setting for traders. You’ll see fewer of those. Thirdly, it’s about goal setting from a developing trader. This is probably the only one.

Peter Davies has been trading for 10 years. He specializes in a different sort of trading than most are familiar with - order flow - and also teaches it to other traders. Originally from the the UK, he now hails from Thailand. 

So this podcast episode is sort of like that trip to Colorado for me. Except, it’s a more public reflection on my past year. These are my reflections about my year, especially as it relates to trading and this podcast. So maybe you’ll have a chance to learn from my experience. Some of this will be a repeat material from a few other podcasts, but some of it is very new. But I want to get you guys caught up on my personal trading from January until December in 2015.

Étienne Crête is a forex trader and a fellow trading podcaster. He blogs and podcasts over at DesireToTrade.com where he interviews other traders and business owners about success. He has a great perspective on what it takes to become successful in trading and he’s still in college.

On the last episode of the podcast, I spoke with Roger Davis on his book, Wall Street’s Just Not That Into You.” I read most of the book in preparation for the interview, and it was a helpful perspective for us as traders. I thought the book was good enough to showcase some of Davis’ extended thoughts from the book for the benefit of the Trading Story podcast listeners. There are a couple of extended quotes from the book in this episode. But they are worthy excerpts. So without further ado, here are the takeaways… Takeaway #1: Buy-and-Hold is for the Uninformed Takeaway #2: The Financial Media Is NOT There To Make YOU Money Takeaway #3: Wall Street’s Just Not That Into You

Roger Davis is a former Wall Street broker and he's now the CEO of Woodridge Wealth Management. He's also the author of "Wall Street’s Just Not That Into You", where he highlights an alternative approach to investment management. He now lives in Los Angeles, California with his wife and two children.