Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology

Want to know how entrepreneurial leaders think? In today’s interview we talk to Michelle Duval from 'Fingerprint for Success' to discover the attitudes and quotes of the world’s most successful entrepreneurs. Also, hear why the excuse "But I'm Tired" doesn't cut it as a reason for not learning about the markets. Michelle DuvalMichelle Duval is a pioneer in the field of professional coaching and led a groundbreaking study on the attitudes of some of the world’s most successful entrepreneurs.We discuss the attitudes of entrepreneurial leadership she has observed in over 20 years of coaching and her following favourite quotes on success.“The only place success comes before work is in the dictionary.” - Vidal Sassoon.“The question I ask myself like almost every day is, 'Am I doing the most important thing I could be doing?'”  - Mark Zuckerburg“It is hard to visualize someone as a leader if she is always waiting to be told what to do.” - Sheryl Sandberg COO Facebook.“If you don’t have time for the small things you won’t have time for the big things”. - Richard Branson.“Chase the vision, not the money. The money will end up following you.”  - Tony Hsieh, CEO of Zappos.Hear Michelle’s vast experience of coaching entrepreneurs and what she has found that works best in the business world.https://fingerprintforsuccess.com/ Louise Bedford - Mindpower"But I'm tired"Louise hears this as an excuse for not learning about the market all the time.You are the sum total of all the decisions you have made and what you see in your life right now is the result of your past decisions.It is the decisions you make that will determine your level of equity in the future.  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

In this episode we explore our notions of FUN and PLAY and power of finding novelty with best-selling author Ian Bogost. Plus hear from Louise Bedford in her Mindpower segment about how it might be in your best romantic interest to employ a cleaner. Ian Bogost – Author of ‘Play Anything’Do you remember that feeling of exploring something new and revelling in the delight of the unknown?Author Ian Bogost suggests that this is real FUN - the discovery of something new and novel.And it requires work and effort.To play a game of tennis or have a night out with your friends you have to do the work and commit to the experience and activity. It is not simply pleasure – it is the deep process of mining or extracting something new.That is FUN.We have come to misunderstand that fun means enjoyment without effort.That doesn’t mean if you watch 10 hours of Netflix you can’t enjoy it. … but be serious about your sloth. If you are unpacking the dishwasher look carefully at what you are doing with deep attention to the task.It takes humility to have fun. When you are not worried about your expectations you can allow the amusement and ENJOY.http://bogost.com/ Louise Bedford - MindpowerGet a cleaner and have more sexWorking families are always short of time.Where can you delegate tasks so you are freed up to play A game?Guys and gals it might be in your best romantic interest to employ your way out of this situation. 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

In this episode of Talking Trading, peak-performance trading coach extraordinaire - Dr Harry Stanton - explores the book The Slight Edge by Jeff Olsen and discusses how more traders can use it to bring success. Plus, hear from Louise Bedford as she explains that trading is the gift you give yourself. Dr. Harry StantonMillionaires have all mastered one secret.They all understand the power of the slight edge.What is the slight edge?It is the triumph over the mundane.Simple productive actions repeated consistently over time.Successful people understand the power of the slight edge… unsuccessful people do not.As traders you are always to be more, grow more and have more. But in reality very few people are not living up to their potential. We look at why don’t more people use the slight edge? The simple things in life are easy to do but they are also not easy to do. Successful people and successful traders use discipline. The results between success and failure are subtle, sometimes you can’t see or recognize it during the process. By the time you get the feedback the real work is already done. The small goals may seem insignificant. Some people think what they do right now doesn’t matter. Set yourself goals and break them into smaller sub-goals. Louise Bedford - MindpowerTrading is a GiftTrading is the gift you give yourself.It is the gift that can bring you rewards to change your life.  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

In this 'must listen to' Talking Trading episode, you'll hear accountant Jason Cunningham and trader-extraordinaire Louise Bedford on the magic of meeting people face-to-face to expand your wealth. Plus learn about the importance of doing what you love so that you'll live your trader's life. Networking Secrets of the WealthyBeing a trader or a business owner can be very isolating.It can feel like you are working in a vacuum and stuck in your habits.Sometimes just getting out the door and meeting like-minded people is all the difference you need for success.“You will be the same person you are today in 5 years except for the books you read and the people you meet.” Zig Ziglar.By surrounding yourself with like-minded entrepreneurs and traders you are providing yourself with synergy and support. The magic of meeting people face to face has the potential of expanding your world and your wealth.If you set the intention to attend some events over the next 12 months then you won’t be stuck at home feeling uninspired and in the same old patterns as last year.Hear Jason’s and Louise’s perspective on events and the three top tips they have learnt over the years at events to get the most out from them.To find out more about the business retreat Jason is offering in Noosa go to thepractice.com.au.Or to book into priority notification for the Mentor Program next year go to:www.tradinggame.com.au/priority. Mindpower – Do What You LoveHow often can you truly say that you are doing what you love?Unless you can say that 50% of the time you will feel unfulfilled.If you are not where you are exactly where you need to be – what are your action steps? What are you doing to plan your escape… so you can live the trader’s life.     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

Hear Terry Tran interviewed on what the markets have given him and the way he invests. Plus, listen to Chris Tate on a wrap of the markets and the latest opportunities for you.Chris Tate Market WrapThe US market got stage fright end of last week as the man babies of North Korea and The States threaten each other, while gold is currently slipping.Oil continues to be static as its relevancy as an industrial element is being questioned while the pound has been strong against its counterparties.Hear which opportunities Chris is looking at this week.Terry Tran Part 2Kayaking with hump back whales.Swimming with manta rays.Shark caging in South Africa.These are some of the things Terry Tran has been able to do because of trading.The share market has given him FREEDOM.After learning from some of the best investors in the world Terry is a leading fund manager.We look at some of the psychological hurdles holding traders’ back and some of Terry’s biggest trading errors – overleverage, letting tax drive his decision making and being in a rush.We also hear what a typical day looks like for Terry, how he invests and his percentage profits.To find out more about Terry go to www.thefreedomtrader.com to download a free 10-step stock checklist.Terry is holding a free live online master class on Wednesday evening 27 September. To book your spot Click Here.    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

Hear what Terry Tran learned from Warren and how he sifted through the misleading from the authentic information in part one of our interview with him. Terry TranHow many traders have had advice first hand from Warren Buffett?Today’s guest on Talking Trading is one of the very few who have.Terry Tran’s family were the original boat people.  They escaped the war in Vietnam and came to Australia in a wooden tug.Terry’s 22 year-old Mum took on a day and a night time job and learnt English in between.Although Terry grew up in the heart of gangland territory in Cabramatta NSW his refugee history made him determined to not to waste his life. He studied hard, earned good grades and worked in banking.But a high-income salary was not enough. He wanted freedom and time.He sort to learn about the financial markets and eventually his hunger led him to authentic teachers and none other than Warren Buffett himself.Hear what Terry learned from Warren; how Terry sifted through the misleading from the authentic information in part one of our interview with him.To find out more about Terry go to www.thefreedomtrader.com to download a free 10-step stock checklist.Terry is holding a free live online master class on Wednesday evening 27 September. To book your spot Click Here. Mindpower Priority NotificationWhen you invest in yourself your value exponentially increases again and again.Sometimes we have trouble allowing ourselves to invest in ourselves. But when you do you are valuing yourself and your future. The Mentor Program is the number one trading mentor program in the world.It has been running since 2000 and is a repeat-for-free course.There are free resources for people registered for priority notification. Go to tradinggame.com.au/priority 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

We honor the passing of a great lady in this week’s episode of Talking Trading. Dawn Bolton-Smith, aged 87, was the matriarch of technical analysis in Australia.  With a career spanning 50 years, she was the first technical chartist to be employed by the Australian Stock Exchange. Dawn’s passion for charting broke through barriers and her reputation for calling markets correctly was legendary. She helped inspire Louise Bedford and led the way for a generation of women in the markets. Dawn Bolton-SmithThree years ago Louise Bedford asked me to interview Dawn Bolton-Smith for Talking Trading.She described Dawn as share-trading royalty, the pioneer of technical charting in Australia. As life would have it, Dawn lived around the corner from me and we instantly became friends. Dawn and I would sit for hours viewing charts, looking at directional movements, resistance lines and price action for the day. The markets were her living breathing passion.She would always say to me ‘A person who can read charts is the most independent person in the world. You have got to learn how to read charts.’ Dawn’s passion for the markets remained with her until the end. Even in her final days Dawn was still asking about the market action and share market friends were calling her each night to give an analysis. She had charts in her hospital draws and a copy of the XJO on her hospital table.  Dawn originally trained as an accountant; in 1962 she enrolled in a pilot course on technical analysis conducted at the Mosman Evening College in Sydney. Her passion was born and she became the first chartist to be employed by the Australian Stock Exchange and helped establish the futures market in Australia. Dawn was a foundational member of the Australian Technical Analysts Association (ATAA) and up until 2011 she was a regular presenter at ATAA conferences. Dawn successfully predicted every major high and low of the stock market over the last 50 years. Her penultimate chart prediction of pride was the 1974 crash, which she predicted within 4 points of the bottom; she also called the famous Poseidon nickel boom and witnessed the soaring gold futures market. In today’s episode, we hear some of the final quotes Dawn gave about the share market a few weeks before the final curtain closed, highlights of the original interview when I first met her and Louise Bedford shares her tribute to Dawn and her charting legacy.  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

In this interview with Chris Tate, we hear what are accurate expectations of a short-term trading system and how much cash flow it can bring. Louise Bedford talks about taking responsibility for where you are in life and your trading education. Chris TateThat is the thing about trading… No one is ever going to ring you up and say:‘You have made too much money, STOP MAKING SO MUCH MONEY.’Short-term trading adds diversification and cash flow to your portfolio.However, there are realistic expectations for a short-term system.You can only get what the market will give you.You may buy the Aussie dollar for 79c but you are not going to sell it for $7.90. You can’t a have a life changing return from short-term trading. It is not designed for what a long-term system does.You need to have to have the right tool for the right job.In this interview with Chris Tate, we also talk about back-testing and how human bias can creep into the analysis, renaissance technology and Jim Simons, and the psychology of traders who make a lot and then lose a lot, and realistic returns of the markets over the past years.  Louise Bedford - MindpowerAutomate Your PainWhat do you procrastinate about? Usually it some activity that you think is a drudge activity.So link your activities to push your day ahead.  The more you can link a habit with another the easier it will become for you.Play your 'A GAME'.It is hard as an adult to accept responsibility for your actions. Yet to grow that is exactly what you need to do. Accept responsibility for where you are in life, if you don’t your circumstances will never change. You will always find someone to blame, some excuse to give, some reason why you are not where you need to be.Be the best version of yourself.There is no trading emotion that Chris and Louise haven’t felt themselves in the past.Accept where you are in your trading education. If you have followed your trading plan that trade is never a failure. 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

In today’s episode hear Chris Tate on his trading system and short-term trading. Hear more tips and tricks Chris uses for cash-flow in the markets and what you should be looking for to pull profits. And Louise Bedford beckons you towards the sweet treats that wait if you pursue your trading education.Chris Tate – Short-Term Trading MagicHere are some key points from our interview:The fewer F’s I give the more money I make.Chris Tate has a T-shirt with this emblazoned on it and he is thinking of getting mugs as well.  It sums up his emotional detachment for the markets and his trades.Treat trading like a game and you will make money.Treating it like a game and playing releases you from the seriousness and attachment of the markets and means you are more likely to make money.Trading compared to TinderRegard all your trades as TINDER DATES.Keep swiping until you get one that looks ok.Archetypal Trade.Every trader should laminate their perfect trade and hang it up near their computer.Once you have a template you remove doubt… once you remove doubt you remove fear.Pick only the perfect trades for entry, not suboptimal entries.Keep your trading beer goggles OFF and enter only the perfect trades, not suboptimal ones.You should have a vision of what you want in a trade and if it doesn’t conform to that – MOVE ON.Decision fatigue and restricting your trading universe.If you have short-term trading system you are required to make more decisions.Therefore it is more effective to contract your universe and make your decisions much sharper. To be successful you need to trade a few things really well.Cash flow versus wealth. Where does short term trading fit?Traders are like farmers – they are asset rich but cash flow poor.YOU CAN’T EAT THE TYRE OFF YOUR TRACTOR.Traders are the same. Short term trading gives cash flow.In a short-term system. You do not go into the action until the action is confirmed at the end of the period.If it doesn’t work instantly you are wrong and you need to move. Move on.There is always another trade.Trading is like surfing.Traders need to understand the rhythm of their markets.You are just the custodians of money for the short term.It is not your money until the position is closed. Louise Bedford - Don’t Give UpWhen you think back over your life I will bet there are things that you handle with ease now that were once as perplexing as hell.You had to struggle back then but now it is a breeze… trading is no exception.The efforts that you are going to now will you up for a life of ease in the future.The sweet treats await, pursue your trading education. 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 are here to CREATE not to be bestowed. You are not waiting for permission. Give YOURSELF the permission to go ahead and create. Ali Brown is one of the worlds most recognised female entrepreneurial coaches. Listen to this second part of her interview with our very own host of Talking Trading Caroline Stephen. Plus, hear another fascinating Mindpower from Louise Bedford on trading for a multi-millionaire. ALI BROWNYou are here to CREATE not to be bestowed.You are not waiting for permission.Give YOURSELF the permission to go ahead and create.These are some of the pieces of advice Ali Brown gives in part two of her interview - from nowhere to self made millionaire.We also look at how risk is the new norm and learning to adapt. Craving something extraordinary and getting out of the ordinary and seeking out people who will help you grow. After all you are the average of the 5 people you hang around the most.Hear the inside scoop on the Forbes 500 women’s summit and how Ali walks out different every time she attends.We also discuss the traditional dance of breadwinners and how 40% of US women out earn men; the differences in psyche between Australian and Yankee women and how Aussies are still inflicted and influenced by the tall poppy syndrome.Finally we discuss how money is good but who you become in the process is the most important.Have a look at her website at this link. Louise Bedford - MindpowerTrading MillionsLouise was offered to trade for a multimillionaire.One of the things he told Louise you can’t work your way to freedom you need to invest. Invest in people, invest in technology but most of all invest in yourself.Are you investing yourself? Are you making yourself a better trader?  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