Rank #1: 96 - Day Trading for Dummies
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 remember chatting with one of the team leads about my desire to get into trading. I had just met a couple traders at church and was interested to get started in their program. Being a more cautious person than yours truly, he recounted his ‘friend’ who tried day trading and failed miserably. He didn’t know how anyone could make it as a day trader. Nevermind how bank traders make a living day trading. Forget also how a host of other day trading jobs pepper the financial services industry. But he was in tech and they were in finance and never the twain shall meet. At least until the tech guys need money. Then they know who to call.
Of course, that wasn’t the only person tried to steer me clear of day trading. There was my dad, then a client with his tale of a guy who killed himself after losing big in the market. Then there was a former boss who told tales of a former college athlete at our alma mater who swindled donors out of millions in a Ponzi scheme. Aside from my dad, none of these guys were that interested in trading. But they distrusted ‘day trading’ vehemently. It’s got a bad rap.
Don’t get me wrong.
Day trading can end pretty badly for some people. The most famous of those bad endings came in the postscript to Reminiscences of a Stock Operator, probably the most well-known trading tale in the industry. In the end, the protagonist, killed himself. That man was a day trader. True story. Yes, some day traders meet a horrible end. But does that mean, dear logic students, that ALL traders blow their brains out? I don’t think so. So despite your friends’ well-meaning advice, chart your own course in life. The road to day trading doesn’t always end at the mortuary…sometimes…but not usually.
That was easily the longest introduction to a Trading Story podcast episode to date. But you guys didn’t download this episode to hear about day trading naysayers in my past. No, you want know something about day trading. So here goes…
Definition: Day Trading
Feb 18 2016
Rank #2: 83 - Swing Trading Stocks with Kyle Fisher
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.
Jan 04 2016
Rank #3: 19 - Jeff Kennedy's Step-by-Step Elliott Wave Trading
In this episode, I speak with Jeffrey Kennedy. Just because you're a good trader does not make you a good teacher. But Jeff Kennedy happens to be both. A natural teacher and a consistently profitable trader for over a decade, he walks us through the Elliott Wave for newer traders. He also provides some practical tips if you never use Elliott Wave. He is the co-author of Visual Guide to Elliott Wave Trading and has a host of industry designations you'll hear about in the introduction. I personally got some great tips for my trading and I think you will as well.
May 25 2015
Rank #4: 95 - Swing & Position Trading Stocks with Toni Turner
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.
Feb 15 2016
Rank #5: 29 - Mike Bellafiore on $600K/Year Proprietary Trading
Mike Bellafiore is a New York City trader. Mike co-founded SMB Capital with a some trading buddies. SMB is a proprietary trading firm focused on helping newer traders become successful traders trading their system. In fact, some of his traders now make $600,000/year after trading three short years. If you're interested in learning more about proprietary trading or prop trading, this episode for you.
Jun 29 2015
Rank #6: 34 – A Beginner’s Guide to Options Trading
Options trading one of those less popular forms of trading.
Compared to stocks, forex, and even futures, options seem to be the ‘lesser-loved’ financial instruments for most traders. But it does not mean there’s not money to be made there. By no means!
I have some experience paper trading some stock options. I even went through an extensive options trading class, so I know something about it.
For those of you who are interested in options, I thought it would be good to provide a brief overview.
Jul 16 2015
Rank #7: 65 - Tim Grittani on Learning to Trade Penny Stocks
Tim Grittani may be one of the most well-known mentees in the stock trading world. Tim is one of Tim Sykes penny stock trading students. And now the student is becoming the teacher. He is a full-time penny stock trader, turning $1,500 into $2.6 million in 3 short years. And he's beginning to teach others how to do the same.
Nov 02 2015
Rank #8: 31 - Trend Trader Jason Leavitt Plays Stocks
When most newer trader think about trading, they think about stock trading. That's why I'm excited to bring to you a conversation with Jason Leavitt. Jason is our first stock trader on the program and it was a good one. He's been trading for almost two decades through bear and bull markets and he has a great plug for trend trading.
Jul 06 2015
Rank #9: 111 - Trading Forex Poles with Scott Barkley
Scott Barkley is president and co-founder of ProAct Traders, a professional forex trading mentorship and home of the 1-year Fast Tracker program. He's been trading full-time for 14 years. He lives in the Austin, Texas area with his wife and he sometimes babysits his daughter's golden retriever. He is also my personal trading coach.
Apr 11 2016
Rank #10: 32 – Six Ways to Trade Stocks
Jul 09 2015
Rank #11: 63 - Timothy Sykes on Trading Penny Stocks
Timothy (Tim) Sykes maybe the most well-known guest we've had on the program. His name has become synonymous with 'penny stocks' and if you literally Google 'penny stocks', or 'trade penny stocks', his site will show up in the top results. He's been on CNN, CNBC, Fox News, and has been the top trader out of 60,000 traders at Covester.
Oct 26 2015
Rank #12: 21 – Gen Y Finance Guy Dominic ‘D’ Sells Options
Dominic ‘D’ , or ‘Dom’ for short is a smart and dedicated, part-time trader. He has a finance background and even traded professionally for a time. But now he’s focused on trading just his personal account on the side. He’s grown his account from a modest sum and now has a net worth of over $200,000 – and he’s only in his 20’s.
Dom’s story is encouraging to some of the younger traders among us – he even targets a younger audience at his very active and entertaining blog, GenYFinanceGuy.com. It was a fun and practical conversation.
Jun 01 2015
Rank #13: 84 - Six Reasons to Swing Trade Stocks in 2016
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 for someone with a full-time job with little time to trade.
Jan 07 2016
Rank #14: 20 - Other Needs of a Trader
In this episode, we talk about things that all traders need. Things that I need, and things that you need as a solo-trader: time, energy, and goals. It’s a bit more personal, but hopefully helpful as you and I take on the markets.
May 28 2015
Rank #15: 47 - Trading Psychologist Dr. Gary Dayton on Mindfulness
Dr. Gary Dayton is a psychologist, a trader, and author of the book, Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting Edge Psychology. In our discussion, Dr. Gary tells his trading story and reviews several aspects of trading psychology including the area of 'mindfulness' in trading. It was helpful discussion and valuable to both newer and experienced traders.
Aug 31 2015
Rank #16: 109 - VWAP Trading with Zach Hurwitz
Apr 05 2016
Rank #17: 49 - Billion-dollar Trader Sean Emory Shows His Cards
Sean Emory trades stocks, blogs at The Market Meter, and is responsible for managing over $1,000,000,000. That's billion with a 'B'. His posts have been picked up at Yahoo! Finance, Seeking Alpha, StockTwits, and more. This episode was fascinating because it was a peek into the world of a real-life institutional trader. Helpful to new and experienced traders.
Sep 07 2015
Rank #18: 69 - Zero to Hero Trader Yvan Byeajee
Yvan Byeajee started trading in 2007. He's a full-time trader, has lived in France, Canada, and now is now on 6-month visit to the Island of Mauritius off the coast of Madagascar. He wrote a couple of books, including 'Zero to Hero: How I Went from Being a Losing Trader to a Consistently Profitable One". He also blogs at TradingComposure.com.
Nov 16 2015
Rank #19: 59 - Steve Burns on Risk Management
Steve Burns has been trading since 1995. He's the founder of NewTraderU.com, "the best online resource for new traders" and is the perfect fit for the Trading Story podcast where we aim to help newer traders. He's the author of at least 10 trading books, including New Trader 101.
Oct 12 2015
Rank #20: 22 – Why I’m Planning to Trade the Forex – And Why You Shouldn’t
In this episode, I talk through why I chose to specialize in the forex. Three reasons why I think it’s a great market to trade. But I also take the flip side and discuss why you may not want to trade it – three reasons to avoid the forex.
Jun 04 2015