Better System Trader1 Tammi 2016

038: World cup trading champion Kevin Davey talks about the importance of trading goals, common mistakes traders make and the best way to formulate good goals.

Happy New Year!

The start of a new year is typically the time when people review their accomplishments and progress for the past year, and make fresh plans for the year to come.

I thought it might be good to do a quick bonus episode with someone who knows all about setting goals and achieving them. That person is World Cup trading champion Kevin Davey, who was a guest of the show on Episode 5.

Now this is a bonus episode so it's a really short one but it's full of great information, including the importance of goals in trading, common mistakes traders make when setting goals and the process to creating good goals.

Whether you're an accomplished goal setter or just starting out I think you'll find value in what Kevin has to share with us today so I hope you enjoy this short chat on goals in trading.

In this episode we discuss

Why it's important to have goals in trading
The impacts of not having goals can have on trading success
The types of goals appropriate to traders
Common mistakes traders make when setting goals
An easy way to create good goals
How to determine if your performance goals are attainable
Why some traders get hung up on goals that aren't relevant
Why you need a time limit on your goals

Disclaimer:
Trading in the financial markets involves a substantial risk of loss and is not suitable for everyone. All content produced by Better System Trader is for informational or educational purposes only and does not constitute trading or investment advice. Past performance is not necessarily indicative of future results.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(242)

241: Trading Market Phases - with Mish Schneider

There are lots of varying opinions about the markets right now. And massive uncertainty about where it's heading next. In this episode, I'm joined by Mish Schneider from MarketGauge, to discuss Marke...

9 Elo 202443min

240: "Uncovering hidden market reaction zones" - with Fabio Ruggeri

Price charts are no longer enough… The world of trading is changing and Alpha needs to be found in other ways. So what should traders do? In this chat with Fabio Ruggeri from MenthorQ, we discus...

11 Heinä 202445min

239: Confident Consistent Trading - Laurens Bensdorp

Explore the world of algorithmic trading with Laurens Bensdorp as he delves into his extensive experience managing a diverse portfolio of trading systems. From foundational concepts to advanced strate...

27 Kesä 202458min

238: The new indicator that improves momentum trading signals - Alex Spiroglou

A Bloomberg study discovered MACD is the second most popular indicator after the RSI. But the MACD has BIG problems. And in this episode, Alex Spiroglou shares the solution. Here's what you'll dis...

13 Kesä 202456min

237: New Volatility Based Trading Techniques with Rob Hanna

The Volatility Index (VIX) is used by traders to determine when the stock market (S&P) is getting "too risky", so they can protect their trading accounts from losses. Could traders be using the VIX wr...

30 Touko 202459min

236: How to Profit and Protect in Any Market Conditions - with Tom Basso

Tom Basso is a Market Wizard with 5 decades of experience. After taking 4 years to get to break-even, he eventually transformed himself into a $600 million fund manager. In this discussion with Tom, w...

23 Touko 202458min

235: How traders can compete in the markets and find profitable edges - Jason Strimpel

In this episode, Jason Strimpel from PyQuantNews joins me to discuss how traders can find profitable edges and compete effectively in today's fast-paced markets. Whether you're a seasoned trader or ju...

9 Touko 20241h 1min

234: The Trading Panel – Episode 11

Welcome to a new trading series called "The Trading Panel," where I collaborate with Jason Perz from Against All Odds Research and a panel of traders to discuss the markets and all things trading. Par...

25 Huhti 202449min