157: "Every Trader Has An Unfair Advantage!" - Tim Racette
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
English - August 20, 2018 08:00 - 49 minutes - 91.3 MB - ★★★★★ - 56 ratingsInvesting Business Education desiretotrade forex futures investing learntotrade motivation stockmarket stocktrading trading Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Every Trader Has An Unfair Advantage!
In episode 157 of the Desire To Trade Podcast, I interview Tim Racette, a successful day and swing trader behind the blog EminiMind. Tim is also on a different podcast which I used to listen to before starting my podcast.
He shares his story as a successful trader and highlights several important lessons about success in the field of full-time trading. We talk about goals, challenges, going to full-time trading when you have a full-time job, how to combine the two and a lot, lot, lot more.
Watch the video interview here.
Topics Covered In This Episode What Tim Racette does, who he is, and a bit of background about him [1:44] Why and how Tim Racette started trading [2:18] Tim Racette’s mentors [4:46] Strategies that Tim Racette used in the trading pits [6:06] How Tim Racette evolved to trading on his own even with an unfair advantage [7:53] Tim Racette’s trading style and being comfortable with the idea of being different [10:13] Things Tim Racette had to do to go full-time trading for himself [12:50] If day trading was a necessity to trade full-time [14:57] Things that Tim Racette sees in people that they get wrong [15:52] Feeling of “going too fast” in the process of trading full-time and what you have to do [19:46] How traders should set goals for themselves in the beginning of the year [21:54] Starting with something basic and then tweaking it [28:09] Personalities outside trading that can help you become a better trader [29:12] Failing in business but what you should do after and keep trying again [30:25] Creating multiple streams of income as a trader [34:26] The schedule or regimen Tim Racette follows [39:01] Things or behaviors that people need to work on and adapt to become great traders [40:58] Goals Tim Racette has for the future [44:21] Doing back-testing and forward-testing for his ideas [45:54] One piece of advice or one action step people should take to become better traders [47:41] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome
Goal Setting Ideas for Traders
Tim Ferriss and The 4-Hour Workweek
DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Tim Racette? Eminimind.com Twitter: @EminiMind Facebook: EminiMind [email protected]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!
Every Trader Has An Unfair Advantage!
In episode 157 of the Desire To Trade Podcast, I interview Tim Racette, a successful day and swing trader behind the blog EminiMind. Tim is also on a different podcast which I used to listen to before starting my podcast.
He shares his story as a successful trader and highlights several important lessons about success in the field of full-time trading. We talk about goals, challenges, going to full-time trading when you have a full-time job, how to combine the two and a lot, lot, lot more.
Watch the video interview here.
Topics Covered In This Episode What Tim Racette does, who he is, and a bit of background about him [1:44] Why and how Tim Racette started trading [2:18] Tim Racette’s mentors [4:46] Strategies that Tim Racette used in the trading pits [6:06] How Tim Racette evolved to trading on his own even with an unfair advantage [7:53] Tim Racette’s trading style and being comfortable with the idea of being different [10:13] Things Tim Racette had to do to go full-time trading for himself [12:50] If day trading was a necessity to trade full-time [14:57] Things that Tim Racette sees in people that they get wrong [15:52] Feeling of “going too fast” in the process of trading full-time and what you have to do [19:46] How traders should set goals for themselves in the beginning of the year [21:54] Starting with something basic and then tweaking it [28:09] Personalities outside trading that can help you become a better trader [29:12] Failing in business but what you should do after and keep trying again [30:25] Creating multiple streams of income as a trader [34:26] The schedule or regimen Tim Racette follows [39:01] Things or behaviors that people need to work on and adapt to become great traders [40:58] Goals Tim Racette has for the future [44:21] Doing back-testing and forward-testing for his ideas [45:54] One piece of advice or one action step people should take to become better traders [47:41] Resources Mentioned SPONSORED: Shoot an email to Jerremy Newsome
Goal Setting Ideas for Traders
Tim Ferriss and The 4-Hour Workweek
DesireToTRADE Top Resources Desire To TRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy (exclusive training program) How To Find Tim Racette? Eminimind.com Twitter: @EminiMind Facebook: EminiMind [email protected]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!