Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology

Check if your trading system is ticking all the right boxes with Adrian Reid from Enlightened Stock Trading and Louise Bedford tells her 'TA DA' moment and why the best traders yell 'TA DA' with their arms in the air.Mindpower - Louise bedfordEvery good trader has a 'TA DA' moment.The markets burnish your RESILIENCE.The heap of piranha bites from the bulls and bears can erode your confidence and self esteem.But best traders pick themselves up dust themselves off and yell 'TA DA' with their arms in the air.Adrian ReidThe ONE thing you can do to boost your results is SYSTEMATIC TRADING.It sidesteps the ups and downs of human emotions and removes yourself from the equation.But a systematic trader has to be honest.A good systematic trader is accountable for the results of their system as well as analysing and measuring their performance. A trading system that is vague and nebulous will simply not cut the mustard.Adrian goes through setting up and documenting your trading system rules; executing them as expected; what to look for when you are back testing; data collection, the problem of curve fitting and the importance of having stability of an edge.If you are interested in building your confidence in your trading system download Adrian’s trading confidence cheat sheet with all the steps Adrian goes through for every single trading system he uses go to: https://go.enlightenedstocktrading.com/trading-system-confidence-talking-trading. 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

Trading Coach Brian McAboy sees it time and time again… traders are totally unprepared for the job. Hear the systematic magic he recommends for traders and Louise Bedford looks at the difference between passion and purpose and why it matters to reach your trading goals.Louise Bedford MindpowerHere is some fascinating research by Moreton Hanson who conducted a study on more than 5000 people to discern the difference between the passion and purpose.Not surprisingly people without passion OR purpose were low-income earners. But those with high PURPOSE outshone them all with a major jump in performance.Which means if you know your trading ‘WHY’ it means you are more likely to persist. Brian McAboyBrain’s first year of trading he started off on huge winning streak.But it didn’t take long for self-sabotage to kick in and soon he ran his account down to nearly zero.He had to take a break or he knew he would be dead… and he decided to learn a few things about trading.Firstly many traders underestimate how hard trading is and the enormous beating it can give.And most traders are totally unprepared for their job!People who jump into trading are usually above average intelligence but they have never traded before and they don’t bring the skill set needed to be successful in the markets … and they wonder why they are struggling.If your system is well defined and you know how it works then you are well on your way to success in trading.To find out more about Brian McAboy go to: www.insideouttrading.comAnd to pick up his special report The Secrets of Trading Legend go to: www.insideouttrading.com/talk 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

Ever heard of Your Trading Edge Magazine? Its editor Kritika Seksaria gives insight into the world of the magazine and what she has observed from all her years with successful traders and Chris Tate gives a wrap of the markets.Chris TateIndices around the world are bullish.The Australian market was indifferent to the Royal Commission’s final report and it has continued its upward trend.The Dow’s collection of stocks is explained by Chris as well as a look at top performing commodities. Kritika SeksariaIf you are a trader you will have heard of Your Trading Edge magazine.With an audience of 80 000 it is an industry standard publication and a right’s of passage for the serious trader.Kritika is the editor of YTE and she has literally read thousands of articles on the markets….so what are her top pieces of advice for traders?Kritika is making a special offer to Talking Trading listeners: A one year digital subscription for YTE.  Just go to the subscription page and add the code ytesub18.Use this opportunity to become serious about trading.  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

You will love hearing golf expert Andrew McCombe in this episode and the parallels between golf and trading, both endeavours which occur mainly between your ears. And Louise Bedford asks a probing question into your life.Mindpower Louise BedfordLouise asks a curious question.When you are going through things…what is that problem you are facing teaching you?What deeper lessons you can take away? ANDREW MCCOMBEGolf LIKE TRADING occurs mainly between your ears.It is a sunny day, you stand feet apart holding your club, but there are many obstacles in the way, how do you hit that ball down the middle of the fairway?Focus on EXACTLY where you want the ball to go and see with absolute CLARITY your ideal golf swing.Someone once said golf is 80% mental and 20% mental. So it is 100% mental. Just like trading.Great emotional management, high self-awareness, a burning desire for mastery … are we talking about a trader or a golfer or both?In this interview we discuss: The importance of resonating with the frequency of your ideal golf swing How creating your ideal reality is a combination of both the mental and emotional. How the QUEST golfers go through to get to where they want to go has nothing to do with golf. The importance of choosing experts for expert advice. How Andrew describes golf as artistry on land.You will love hearing Andrew speak about his passion and how he has turned it into a reality.To find out more about Andrew go to: www.golfuniversity.tv www.search4scratch.tv www.golfgetaway.com.au 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

The Australian Banking system has had a serious shake-up and in this episode hear how it affects you and where it leaves the Australian economy. Louise Bedford shares on how to say just the right thing to offer your fellow trader’s support.Louise Bedford – MindpowerYou know that TV show 'Billions'?Louise loves it and she draws inspiration from it to demonstrate how to encourage and support a fellow trader with carefully used phrases.Hear how to say just the right thing to offer your fellow trader’s support.Jonathan BarrattThe Royal Banking Commission’s final report was made public.76 recommendations were made involving sweeping changes to banking laws in the financial industry.The report aims to make way for a more transparent industry where the transfer of wealth from banks to consumers is fairer.Some of the shake-ups include:MORTGAGE BROKINGMORTGAGE BROKING was by far the hardest hit industry.The Outcome:  Mortgage brokers now need to act in the client best interests.Biggest changes are: Borrowers not the lender should pay the broker fee for home loans. Trailing commissions on the loan are to be abolished. Mortgage Brokers to be regulated by the law that applies to financial advisors.SUPERANNUATIONThe biggest changes: One default super account per person. Workers would be ‘stapled’ to an account like a Medicare number. No deductions of advice fees from MySuper accounts. No hawking or pressure selling of superannuation products.REGULATION Establish an oversight body for APRA and ASIC to assess the effectiveness of each regulator.EFFECT ON HOUSING MARKETAll this regulation so far has caused a softening of the market.As liquidity has tightened and banks have a lot of risk at lower levels in interest rates will this continue? 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

Want to understand algorithmic trading? Listen to this interview with expert Bob Pardo and hear it origins, its benefits and where it is headed. You will appreciate its magic. Chris Tate talks on avoiding losses and surviving the game.Chris Tate - A Little TradingIf you go broke you can’t play.Avoiding losses is more important than maximising your potential gains because … you don’t die.Make sure you hang in the game long enough to catch those profitable trades. Bob Pardo -  Pardo Capital ManagementBob is an early pioneer of algorithmic trading in the futures industry and he was instrumental in laying the initial foundations of algorithmic software applications.In this interview we discuss: The definition of algorithmic trading Its three major benefits: A consistent, positive expectancy, the removal of old-fashioned fear and greed, and high scalability. Its history and how as computers became cheaper and markets became deeper and more electronic algorithmic trading got started. Its future with Artificial Intelligence. Self-learning computer programs, which are able to teach themselves to trade.With Bob’s rich experience we also asked him some questions for newer traders and his answers were fascinating.The most important thing for trading success is TO KNOW THYSELF and to have SELF HONESTY. Great traders know the difference between luck and skill.To find out more about Bob go to: www.pardo.spaceTo contact Bob and find out about his mentoring, coaching and program called Ranger his email address is: bob.pardo@pardocapital.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

As the 2019 Trading Game Mentor Program kicks off we have a load of resources for traders in this episode. Louise Bedford asks are exceptional investors just born lucky, Chris Tate looks at inspiring books and Philip Teo releases Trading Mentors, 10 profiles of the top trading experts around the world and their trading journeys.Mindpower - Trading GeniusAre exceptional investors just lucky? Just who can become a trading genius?Louise looks at exceptional athletes, performers and professionals who have achieved excellence and what they ALL have in common.It seems the traditional argument of nature and nurture is obsolete!Genius is a combination of both talent and hard work.A Little Trading Chris TateWhich books are inspiring for beginner traders?Not does Chris only recommend Robert Rotella’s book – The Elements of Successful Trading he refers to a number of inspirational non- trading books to get a handle on the big picture of the markets. Philip TeoPhilip Teo the architect of the Online Trading Summit has launched a new book TRADING MENTORS.It features interviews with the top 10 trading mentors around the world who attended the summit. Inspired by Market Wizards these trader profiles have up to date, relevant and recent trading strategies and data.Traders can see these mentor’s mistakes and how to sidestep them to shorten your own trading journey.Look out for the Queen of Candlesticks Louise Bedford’s newly discovered Candlestick patterns that have not been documented before.To grab a copy of Trading Mentors go to: www.tradingmentorsbook.comGrab your copy before 10 February to receive $600 worth of free special bonuses, which include digital recordings of the 10 mentors, Special Report pack by Louise Bedford and a 2-year subscription to Your Trading Edge. 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

Our gift to you from the Talking Trading Santa Sack is highlights from our special guests and Chris Tate’s market wrap.Chris Tate walks around the markets and looks at which instruments performed and our special guests share their thoughts.What did Tom Basso say about losses? Why was Anthony Saliba called ‘One Lot’, and what was the purpose behind Operation Baby Lift?Come and hear all these stories for the year as we celebrate the end of 2018.From Louise Bedford, Chris Tate and Caroline Stephen MERRY CHRISTMAS.We’ll be back next year on 5 February 2019 ready to bring you the latest about the markets, and more interviews with top traders from around the world. 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

Want to hear more from Market Wizard Tom Basso? Tom discusses the psychology of his trading, current markets and the new world he has created at Enjoy the Ride where traders have unique access to the life and trading of Tom Basso.Louise Bedford - MindpowerTRADING IS your gift.Think of your needs being met and you will be welcoming wealth into your account.Trading is the gift you give yourself. Tom BassoIt took Tom Basso 5 years to become profitable in the markets, but every year he lost less money and with every mistake he improved.He kept peeling back the onion….As time went by he learnt that DISCPLINE and SELF AWARENESS were vital in a traders psychology and he undertook exercises to increase his AWARENESS.We discuss current markets as well as the EU.And we talk about the world Tom has created on his website www.enjoytheride.world. - A place to learn, a place to connect and a place to improve your craft.Rather than answering the same trader’s questions over and over he has put them all in a short collection of videos as well as useful links and research.Yes it is true – Tom hit a high note with the Celine Dion tribute singer.He also offers sneak peaks into his healthy lifestyle complete with delish recipes.Tom even emailed me some amazing healthy recipes.But wait… Tom will still be around for mentoring, he won’t be going anywhere and you are still able to contact him. 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

Imagine being able to hear the specifics of a Market Wizards trading plan?In this episode it becomes real. The legendary Tom Basso walks through the technicals of his trading system and how he makes profit. Louise Bedford reaffirms that trading education is your prize.Louise Bedford MindpowerThe true professional never stops growing and learning.The true win in trading is your trading education so can you repeat the win again and again.Never stop learning about the markets. Market Wizard Tom BassoTom is most famously known as Mr. Serenity in Jack Schwager's Market Wizard series.Now retired from managing client money Tom was president and founder of Trendstat Capital Management, which at its peak handled $600 million worth of other people’s money.Tom Basso shares his view on trend following and drills down into the mechanics of his personal trading systems.In this interview we discuss: Trend following systems and exploiting trends Trading losses and how he views the next trade ENTRY AND EXIT CRITERIA RISK AND VOLATILITY CONTROLIn the past Tom Basso has painstakingly answered every trading question over personal email, Facebook message, and twitter feeds. But now he has now created his own trader website www.enjoytheride.world to answer trader questions and educate. He also has a narrated version of his book ‘Panic Proof Investing’ and he adds other topics he is interested in such as golf, lifestyle and healthy cooking.Go there and check it out. You will even see a photo of Tom singing with Celine Dion tribute singer! 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