359: The Reality of Full-Time Trading - Rolf Schlotmann (@Tradeciety)

The Reality of Full-Time Trading

In episode 359 of the Desire To Trade Podcast, Etienne sits down with full-time trader Rolf Schlotmannfrom Tradeciety.com to discuss what it's really like to build a full-time trading career. You'll learn from his experience on how to become a consistently profitable Forex trader.

Are you ready for it?

Watch the video interview!

In This Episode, You'll Learn...

• 0:15 Introduction
• 0:33 Who is Rolf and what he does
• 1:38 Story Time - How it all started
• 2:32 How Rolf decided to go full-time trading
• 4:42 Why his early 20s was the best time to take risks
• 6:51 What is Rolf's trading style
• 7:44 How to overcome FOMO in the markets
• 8:59 Pivot Points: Rolf's favorite indicator
• 10:06 How to use Pivot Points
• 11:09 Why objectivity and structure is vital in trading
• 12:10 How to make Price Action trading more objective
• 13:42 What more is there to price action trading
• 16:15 How to filter market conditions
• 17:28 The importance of accepting losses
• 19:27 Why the obvious things are harder to trade
• 21:25 How should you develop YOUR OWN trading style
• 23:40 Why it's so hard to focus on 1 thing for 3-6 months
• 25:52 Why Rolf prefers to live in Asia than Europe
• 27:11 Should you move to Asia or somewhere else to trade?
• 28:15 How to deal with "The Loneliness of trading"
• 30:51 How Rolf went from working 16hs a day to 2 hours a day
• 31:14 How to stay on top of the game over a long time
• 33:00 How to review your trading performance and statistics
• 34:31 How to correct mistakes and negative behaviors in trading
• 35:42 Rolf's top advice for struggling traders
• 37:50 Why a winning trade is not a good trade
• 39:00 How to transition from easy markets to hard markets
• 40:41 How to use FAILURE to improve as a trader
• 41:51 Why you should always keep a trading journal
• 42:21 Where to find Rolf
• And much more!

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Resources Mentioned

• Trading Journal: Edgewonk

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

About The Desire To Trade Podcast

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How To Find Moritz?

• Tradeciety
• Edgewonk
• Facebook
• Twitter

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!