Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology

Short cut your trading learning curve with Dr Brett Steenbarger part 2  on how to become an elite trader.Mindpower – Louise BedfordTrading psychology is SO important.If you want HIDEOUS results from the market do these things: Be captain random and don’t use a written trading plan Play the blame game Let fear drive you Let your ego run amok.To get the big bucks in the markets you have to be consistent responsible and brave and have excellent trading psychology.  Money is attracted to emotional maturity and your level of financial satisfaction will rarely exceed your level of personal development. Brett SteenbargerIn this interview, we discuss how to deal with drawdowns in the markets so they don't traumatise us (5.45 mins) and with a psychologist of Brett’s calibre I had to broaden this question and ask him how to deal with drawdowns in life. (9 mins)We look at the massive advantage prop firms have in trading performance (10.30 mins) and the importance of a trading ‘family’ in getting results.At (15.05 mins) Brett looks at the value of reverse engineering your winning trades and studying what you have done well. As he says ‘The expert trader is inside of you.’I couldn’t let Brett go without asking him about discipline and the importance of structure. (16.15 mins)I loved interviewing him.To find out more about Dr Brett Steenbarger go to traderfeed.blogspot.com or google his articles in Forbes magazine.To read Brett’s book Radical Renewal go to leadingrenewal.blogspot.com If your trading feels like running on a treadmill — sweating, pushing, but going nowhere — it’s because you’re missing the right system. Louise says: "I’m offering free 30-minute calls to rip the brakes off your trading. Spots are limited. Fill out the survey at survey.tradinggame.com.au." Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

Dr Brett Steenbarger is a trading performance coach at some of the world’s leading hedge funds and propriety funds. Hear what makes an elite trader and how you can be one.MindpowerCalm your anxiety – immediatelyLearn this great technique to relieve trading anxiety and restore your equilibrium so you can trade to your potential.  Dr Brett SteenbargerDr Brett Steenbarger is a world-renown performance coach for hedge fund portfolio managers and traders, he is a regular columnist to Forbes Magazine and has written several books on the psychology of trading.Hear how “good trading comes from the soul, not the ego” (5.50mins).At 7.25 mins hear how successful traders ‘listen’ to the markets and how Steenbarger’s first turnaround in the markets came when he viewed them as 'communication', as if he was doing therapy and it was a relationship of empathy and understanding.At 10.20 mins hear what is it that Steenbarger looks for when he is helping Wall Street hedge funds hire traders and the essential element is that a successful trader knows and can describe in detail what they do well.Then hear why it is fundamental to celebrate your winning trades (14.30 mins) and then how to forgive yourself for a loss.To find out more about Dr Brett Steenbarger go to traderfeed.blogspot.com or google his articles in Forbes magazine.To read Brett’s book Radical Renewal go to leadingrenewal.blogspot.com If your trading feels like running on a treadmill — sweating, pushing, but going nowhere — it’s because you’re missing the right system. Louise says: "I’m offering free 30-minute calls to rip the brakes off your trading. Spots are limited. Fill out the survey at survey.tradinggame.com.au." Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

What a fantastic year and to celebrate Louise and Chris look at the most burning and pressing issues in trader’s psyche during 2019.Louise Bedford and Chris TateWhat were the key psychological issues people faced in 2019?FOMO or fear of missing out dictates the majority of people's trading decisions even though it might mean the trades they take are sub-optimal or non-existent. (46 secs)Chris and Louise see the number of people trades that in no way resemble their trading plans.Making sure trades match your archetypal trade look is essential as is finding a trading time frame which suits your personality.At (6.10 mins) hear the strangest thing happened in the markets in 2019, the All Ordinaries were the second-best performing index in the world.Hear Chris’ theory behind systems and how if his trading system breaks even he is happy because it relieves pressure.And listen to their end of rituals (12.46 mins). Chris suggests going through and looking at how many trades match your rules.Louise writes her big goals down and puts them in the Christmas Tree box and funnily enough, she has accomplished every goal since the last 10 years but not the last 1 year.So excited about 2020. From Louise Bedford, Chris Tate and Caroline Stephen MERRY CHRISTMAS.We’ll be back next year on 29 January 2020 ready to bring you the latest on the markets with more interviews from top traders around the world.    Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

Linda’s first seven-digit profit day came from a short position on the SPs. Hear about her huge trend days, market losses and life in between.Mindpower – Louise BedfordTake life’s bigger option and the thing that is going to lead you to better results.Where can you play big?  Market Wizard Linda RaschkeLinda’s first seven-digit profit day came from a short position on the SPs. She will never forget driving down her two-lane country road to the karate studio. Her eyesight was razor-sharp and she has never felt that intensity again. (5.48 mins)Also, hear about the times when trades went south for her (7.18mins) and the amount of psychic capital she lost on each one.At (14.46mins) we talk about Linda’s other great love ‘horses’ and how she can be out of her office and on top of a horse ready to ride five minutes after the markets close.Then hear about Linda's friend Mr Bill, the Mr Miyagi in her life who is her personal trainer and best friend and how if you substitute the word trading for training Mr Bill has the perfect recipe. (23.55 mins).Finally, listen to Linda’s advice from 4 decades of experience in the markets. (26.15 mins) and the best way to view trading.To purchase a copy of Linda’s new book Trading Sardines, go to www.lindaraschke.net.Trading Sardines celebrates grit and resilience in the financial markets. It is a hilarious account of Linda’s four decades of experience in the markets, full of laugh out loud moments.From the raucous trading floors of the eighties to the giant server racks thirty years later Linda spills the beans on her market recipe, her trading disasters and all the colourful characters in between.It is a testimony that you don’t have to be perfect. You just have to pull yourself up by the bootstraps and stay in the game. If your trading feels like running on a treadmill — sweating, pushing, but going nowhere — it’s because you’re missing the right system. Louise says: "I’m offering free 30-minute calls to rip the brakes off your trading. Spots are limited. Fill out the survey at survey.tradinggame.com.au." Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

Linda Raschke is one of the finest share traders in the world and one of the nicest people to interview. After closing her own hedge fund, she still trades the same systems she has used since 1992. I dare you to not fall in love with her. You'll also hear from Louise Bedford in her Mindpower segment.Mindpower - Louise BedfordHow do you determine your future once you have reached your trading goals?   Market Wizard Linda RaschkeI dare you to not fall in love with Linda in this interview.After her spectacular start in the markets for all the wrong reasons (6.00 mins) we talk about her trading styles.She calls them her own ‘game board’ or her ‘religion’ and she has used them since 1992.She breaks her four styles down and peppers them with her four decades of trading wisdom. (14.13 mins)Hear the best explanation I have heard on the differences between technical analysis and trading (14.59 mins) and how a trader must put their system into their body. And then hear about her legendary concentration. (24.20 mins).I love her and you will too.To purchase a copy of Linda’s new book Trading Sardines, go to:  www.lindaraschke.netTrading Sardines celebrates grit and resilience in the financial markets. It is a hilarious account of Linda’s four decades of experience in the markets, full of laugh out loud moments. From the raucous trading floors of the eighties to the giant server racks thirty years later Linda spills the beans on her market recipe, her trading disasters and all the colourful characters in between. It is testimony that you don’t have to be perfect, you just have to pull yourself up by the bootstraps and stay in the game.If your trading feels like running on a treadmill — sweating, pushing, but going nowhere — it’s because you’re missing the right system. Louise says: "I’m offering free 30-minute calls to rip the brakes off your trading. Spots are limited. Fill out the survey at survey.tradinggame.com.au." Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

Con Bochrinis has generated massive returns from his 4-hourly system, and Chris Tate looks at what diversification means for him.A Little TradingYou will love this explanation of precisely what diversification means for Chris Tate.Hear his great brain on modern portfolio theory, replicating the index and making as much money possible as a trader.  Con BochRinisCon spent the last 12 months developing his 4 hourly system and the last 7 months sharing his system with Trading Game Alumni Forum and posting his live trades.He has worked his system to a tee and his returns have been spectacular.He describes the mechanics of his system, how long it takes to trade and the level of mature emotional detachment necessary.And he talks about his results, his most profitable trades and how the 4 hourly system has been an alternative income stream which has provided his family with time and choices.One thing is for sure, it will be a bright future for Con’s children.The Mentor Program is OpenHear where Con learned how to put together his incredibly profitable trading system.It was through the Trading Game Mentor Program.We're about to close off bookings, so click here now to get involved.Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

Move out of your comfort zone and fuel your profits in this episode.Fear is the number one thing which keeps people out of the markets. Hear Jason McIntosh on how even professional traders feel fear and Louise Bedford asks which trading stumbling blocks apply to you. Chris Tate looks at how the world markets are performing.Louise Bedford MindpowerWhich of these trading stumbling blocks apply to you? Holding your breath Talking your book Not examining the trades you didn’t take.If you change them you will fuel your profits. Chris TateThe US market has hit new highs and Europe is trending.We look at what trades Chris has on at the moment and he reveals a rare trading error he made recently.  Jason McIntoshDo you think it is just everyday traders who feel fear?Think again.With this story hear how even professional traders have to push their comfort zones.To get Jason’s 4-part free video series called ‘The Trader’s Workshop’ go to:  www.motiontrader.com.au/talkingtrading.  Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

Rik Schnabel on what the wealthy do differently from the poor. Chris Tate on the awesome power of your subconscious and Louise Bedford on the naming your profession so it smacks with power.MindpowerHow you describe your occupation to those you love has a big impact on them and you. It can make all the difference between them having respect for your choices rather than thinking you are less than.What is your title? Name the thing you want to be and use it so people know who you are and what you do. A Little TradingWhat is one thing people can do today to improve their mindset for trading?Chris recommends Owning your own Shadow a Jungian psychology book and takes a look at the power your subconscious holds over everything you do, including driving your performance in the market.  Rik SchnabelIn part 2 of this interview, we look at the WHO and HOW of the healthy mindset of wealth creation and how to continue sowing those seeds which lead you to financial prosperity.At 9.42 mins Rik talks about the power of a role model and finding someone has created the success you want to create.Then at 11.06 mins hear the HOW of building wealth and the power of asking good questions.At 12.33 mins hear the different ways of thinking between the wealthy and the poor and hear the key characteristics of a wealthy archetype of someone who has mastered the art of making money. (14.13 mins)To find out more about Rik and his free resources go to: https://lifebeyondlimits.com.au/free-resources/And for the Millionaire Master Academy go to: https://lifebeyondlimits.com.au/millionaire-master-academy/ Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

How do you sow those seeds of wealth in your mindset and become a millionaire? Life coach Rik Schnabel on the healthy mindset of wealth and Louise Bedford on her mission statement and living your life’s purpose.Louise Bedford - MindpowerIn this inspiring segment, Louise opens up about her mission statement and how trading can liberate your life.Are you ready to trade your fears for peace and anxiety for confidence?Don’t let another year go by where you are drifting and not living your life’s mission. Rik Schnabel - Life CoachWhat exactly is the mindset of wealth and how can a person achieve it?At 7.30 mins hear Rik on how it is the power of action and how you may slip and trip but can you stand up and learn from the mistake? It is your RECOVERY POSTURE which is going to set you straight, the stuff that can't be taught in a lecture hall, but only through experience.At 10 mins hear Rik talk about fragmented focus versus fixed focus and the power of understanding what you do and becoming master of one game.At 15.25 mins hear about the power of the WHY which makes you CRY. A true motivator for you to pursue your dreams and the big enough reason to move beyond the mistakes and keep going forward.To find out more about Rik and his free resources go to: https://lifebeyondlimits.com.au/free-resources/And for the Millionaire Master Academy go to: https://lifebeyondlimits.com.au/millionaire-master-academy/ Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn

The story of entrepreneur Minesh Bhindi and low-risk investing across real estate and shares to build wealth. Louise Bedford on how time is in your hands this week.Louise Bedford - MindpowerAre our lives cluttered, or is it the shortness of time which gives us feelings of being in a hurry?This week time is in your hands, what can you ‘trade' so you end up trading?  Minesh BhindiMinesh started negotiating real estate deals with his father at the age of 16 and by the time he was 22 years old he owned his own Bentley.But after the recession hit in 2009 Minesh had a complete emotional shutdown and he changed his mind set and investing strategies to pursue only safe, low risk, non-leveraged investments. His prime motivation became keeping people protected from harm's way.At 11.25 mins hear Minesh talk about how you can be forced out of your position if you don't have control over your portfolio and the importance of you being able to dictate how long you stay in and why.At 14.30 mins hear how the ‘super-wealthy' use wealth and asset cycles to their advantage.At 16.50 mins hear the foundational values he used to build his perfect portfolio and the three asset classes he uses to build wealth in the long term.To find out more Minesh go to:Main Website: www.perfectportfolio.comFree Webinars:Cash-Flow Gold & Silver: https://perfectportfolio.com/gasfltraining/Property Profits For Life: https://perfectportfolio.com/rimasterclass/Stock Profits For Life: https://perfectportfolio.com/iimasterclass/ If your trading feels like running on a treadmill — sweating, pushing, but going nowhere — it’s because you’re missing the right system. Louise says: "I’m offering free 30-minute calls to rip the brakes off your trading. Spots are limited. Fill out the survey at survey.tradinggame.com.au." Louise Bedford is a best-selling author of six sharemarket books, host of the Talking Trading podcast, and founder of TradingGame.com.au, one of Australia’s leading trading education communities.For over 30 years she has helped traders master trading the Australian sharemarket, technical analysis, and trading psychology so they can build long-term financial independence.www.tradinggame.com.au www.talkingtrading.com.au.FacebookYouTube TwitterLinkedIn