Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology

In this week’s episode, educator, coach and mentor Ben Harvey talks about systems, habits, everyday-discipline and living your love. Louise Bedford discusses loneliness in share trading and how to move beyond it and Chris Tate answers 10 questions on the markets in a quick quiz. Chris Tate - Market QuizHear 10 questions with Chris Tate on the markets including his best and worst moments trading and when even he got distracted placing a position. LOUISE BEDFORd - MindpowerWhen Louise started trading in the markets she was on her own.She had no family support and didn’t know any other traders, there was no-one to talk to about the markets.A lot of us start out like that.Fight your way out of your loneliness.Define it first and work out the scaffolding and the baby steps required to move beyond it.A world of friendship awaits you in the Mentor Program. Ben Harvey - Authentic Education Part 2Feel controlled by bad habits?Seeking to change your mind but don’t know how?As Warren Buffet said:‘The chains of habit are so weak we can’t feel them until they become so heavy we can’t break them.’In part two of this interview with Ben Harvey of Authentic Education we talk about:How to create new habitsEveryday disciplineThe importance of creating systems for successLiving your loveTo find out more about Ben Harvey and Authentic Education go to www.authenticeducation.com.auBen is running a series of top functions, and he’s offered Talking Trading listeners’ free tickets! Have a look where he’s presenting:BEN’S FREE FINANCIAL FREEDOM FORMULA SEMINARManly Jun 14 (Wed)Parramatta Jun 15 (Thu)Adelaide Jun 17 (Sat)Melbourne Jun 18 (Sun)Perth Jun 20 (Tue)Sydney Jun 24 (Sat)Brisbane Jun 25 (Sun)Gold Coast Jun 27 (Tue)* 9am - 6:30pm each dayClick here 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

In this week’s episode of Talking Trading hear how to cultivate a wealth mindset with Benjamin Harvey. Change your mind with these wealth blueprint strategies, which will lead you towards Financial Freedom Town. Chris Tate gives a wrap of the markets and what is trending. Chris TateChris takes a quick look at how the US, the European and the Australian markets are performing.Hear what he has his eye on and where he looking for opportunities. Ben Harvey - Authentic EducationWe have roads inside our minds.Roads we drive down repeatedly.Want a different life? A life where you are financially free and you have all the wealth you deserve?Ben Harvey has some secrets to share on how to create new roads inside your mind to get you to financial freedom town.In this interview hear:How to control the emotions of fear, guilt and greedThe importance of finding a purpose for wealth and reasons its distributionThe Law of Diffuse MotivationWhy our nervous system can only take 10% fluctuations at a timeHow our money imprints determines opportunitiesMany self made billionaires and millionaires were born broke. What they do differently is they strategically approach and rewire the way their brains think.You can change your money imprint too.Ben's Free Financial Freedom Formula SeminarBen is running a series of top functions, and he’s offered Talking Trading listeners free tickets! Have a look where he’s presenting:Manly Jun 14 (Wed)Parramatta Jun 15 (Thu)Adelaide Jun 17 (Sat)Melbourne Jun 18 (Sun)Perth Jun 20 (Tue)Sydney Jun 24 (Sat)Brisbane Jun 25 (Sun)Gold Coast Jun 27 (Tue)* 9am - 6:30pm each dayClick here to get involved. 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

We are rational when it comes to investing our money aren’t we?Statistically proven no we are not. Terrence Odean is a pioneer and authority in the field of behavioral economics and its applications to equity investing. He put the empirical data on trading proving we make crazy decisions with our hard earned money. In this interview Terry discusses the deadly sins traders predictably make and how he helped turn modern economic theory on its head.  Louise Bedford also tells you her early money story and asks you yours.Terrence OdeanTerrence Odean one of the finest minds in the world on behavioral economics.Up until 20 years ago modern financial theory was dominated by the idea that people are rational when it comes to money.But Terry put the empirical evidence on equity investing and proved that people aren’t rational.He analyzed the trading records of hundreds of thousands of individual investors and put the statistical data on the issues in trading.In today’s interview we discuss some of the deadly sins of trading investors predictably make:Excessive tradingGoing with the crowd and attention grabbing stocksThe differences between the way men and women tradeSelling winners rather than admitting defeat and selling lossesWe also hear how Terry became a pioneer in the field of behavioral economics and how he helped to up end classical economic theory and proved the predictable patterns of behavior people have investing their money Mindpower - Your money storyWhat did your early lessons about money teach you?Louise tells you hers and how she overcame childhood patterns.Unless you overcome your early programming, you will be the same person 5 years from now – your inputs now determine your outcomes.Overcome your programming to be a successful 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

Stay enthralled with this week’s episode of Talking Trading as mountaineer Patrick Hollingworth takes us back to the top of Mt Everest. Hear the joy Patrick finds in the mountains and why he says to abandon your clutch for comfort and go seeking adventures into the unknown. Louise Bedford urges you to stop ruminating and break your problems down in Mindpower as she reveals a key habit for success in her life. Plus get the low down on how the markets reacted to the federal budget with economist Jonathan Barratt.Market Wrap – Jono BarrettBig banks bear the lion’s share of the budget with a tax to raise $6.2 million over 4 years.Hear Jono’s thoughts on the Australian budget and its potential on commodity markets.Also find out what Jono has his eye on this week in the market.Mindpower – How to Stop RuminatingThat which you nurse grows.If you have a problem or an issue that you are dealing with it can take over your thoughts and your life.Break your problem down and de-tooth it.Plot a solution into tiny building blocks. Break it down so it doesn’t seem so immense in your life and break it down to do something today.Patrick HollingworthThe Summit Ridge of Everest is the most remote place on earth.Cold, haunting and lonely.And in the mountains death is real.Why does Patrick climb when most of us would be tucked up in bed asleep on our pillows?The answer….  the sheer stunning natural beauty of planet earth and the privilege of being places few people have been.The mountains also put you in touch with questions of death and recognition of the fragile state of human life. You also see the corporate rat race is not entirely real and you don’t have to go down that road if you choose.Patrick’s advice from the highest peaks in the world is to give up your clutch for comfort and embrace opportunities for the unknown and adventures. Going out into the unknown makes you a better person on the other side.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 2010 Patrick Hollingworth stood on the rooftop of the world. Hear his journey of crevasses, melting glaciers, falling ice cliffs, oxygen deprivation, and drops of 3km either side on a knife ridge summit to finally see the sun rise from the highest place on earth. Hear Louise Bedford’s mountain to climb in mindpower and how just like Patrick, tiny steps get you to your trading summit.Patrick HollingworthMount Everest.At nearly 9 vertical kilometres into the earth’s atmosphere Everest is the tallest mountain in the world.In 2010 Patrick watched the sun rise on The Rooftop of the World.Imagine crevasses so black they appear bottomless…. then tying 3 ladders together with rope and crossing them.Imagine weaving under ice cliffs, which are constantly moving and collapsing around you.Picture standing a knife’s ridge with 3 km drops either side of you.Then imagine watching the sunrise from the highest place on earth.On the summit of Everest.Come and be spellbound by our climb to the tallest peak on earth.Louise Bedford - MindpowerClimbing your trading mountain.Just like Patrick - take baby steps to climb your trading mountain.Leaping onto the sheer side of the cliff only damages your self-esteem and bank balance.Learn to walk the gentle slope to summit and take incremental steps in tiny isolation.Be willing to gradually and persistently pursue your trading goals.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 Donald Trumpets War with North Korea but the markets remain unflustered. Hear how countries around the world are performing as Britain stands for a shellacking in its Brexit divorce and domestic markets knock on the 6000 door. Learn the habits of the wealthy in Mindpower as Louise Bedford shares her roadmap to success in 3 strategies to overcome the Kafka Effect.Mindpower- Louise BedfordFeeling tired and overwhelmed and not sure you can do this?Wondering if you will ever make a buck?Learn the habits of the wealthy as Louise Bedford shares 3 strategies she personally uses to overcome the Kafka Effect, that infamous fog that sets in just before a major break through.The 3 strategies Louise uses to walk into clarity:1) Tiny steps.Work out all the tiny steps you need to do in order to accomplish your goals. The smaller the better.2) SchedulingPut all those micro steps into a calendar and make each manageable so you can complete it.3) AccountabilityWork out your accountability tendency. Are you an upholder, an obligor, a questioner or a rebel? Find a partner and be accountable.Market Wrap - Chris TateThe Donald Trumpets War. Are we heading for a global meltdown, or is this just the business of trading as usual?It has been 100 days in office for Donald Trump, amongst other things he is threatening a nuclear option with North Korea…. but the US markets aren’t reflecting on this.The Nasdaq rose to 5583 continuing to be the standout in US indices.Meanwhile it looks like The Poms are going to take a shellacking as the other Donald EU Council President Donald Tusk is insisting the divorce of the Brexit will be very harsh for Britain.And with all divorces … some do well. Germany and Europe continue to remain strong and the euro is up against the pound.In Australia we performed magnificently and knocked on the 6000 door. Domestic stocks haven’t looked this strong for a while and Chris discusses our northern neighbours.Hear where Chris is looking for his trading opportunities and his views on short, medium and long-term markets. 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

When it comes to investing, Mars needs a little more help from Venus. Gary Stone from Share Wealth Systems discusses the different ways men and women invest and why women need to take a more active role. Men tend to suffer the effects of Marlboro Man bravado and its accompanying brothers of anger and frustration. Gary shares tactics he used as a young trader to overcome negative emotions and trade effectively. Louise Bedford also urges you TAKE ACTION. Stop ruminating and expand.Louise Bedford - MindpowerGet UnstuckDo you feel like the drowning man holding onto your anchor?Take action. Stop ruminating. Feel your expansion rather than contract.Get unstuck.And develop good habits to take conscious control and free your willpower. Think of the habits you want to live and visualise what your perfect day would look like. Gary StoneWhen it comes to investing, Mars needs a little more from Venus.The role women traditionally play is the no-nonsense executive of the board where they hold their partner accountable for their investing results.But in Gary Stone’s research women are actually the better active investors and they should be taking a more energetic role in a household’s wealth.Why are women better investors?Men suffer the effects of Marlboro Man bravado. Ego and pride and thinking they know better tends to override their trading process causing missteps in the markets.The other Achilles Heal for men is anger and frustration causing knee-jerk reactions in the markets and breakage of the trading process.But when it comes to gathering wealth the stock market returns are completely objective and the results speak for themselves.Women tend to be better at following an investment process, they are happier to follow the recipe and put in the correct amount of herbs and spices whereas a man will tip in an entire bottle of chilli into the markets and wonder why he has blown his own head off.Over the years Gary has formed habits trading to keep his psyche fit for the market and not be distracted by male tendencies. Hear what they are in this interview and his final pieces of advice to all men and women investors: Becoming a successful active investor makes you a better person.To check out Gary’s new and life-changing book go to www.Blueprinttowealth.com 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

It is all a matter of perspective in this week’s episode of Talking Trading as we talk to Paralympian John Maclean. After being hit by 8-ton truck whilst cycling on a motorway, John Maclean became an incomplete paraplegic. John’s mental fortitude kept pushing him towards his dreams of being a professional athlete and now, after 25 years in a wheelchair, he is walking again.For all the traders who are pursuing their dreams and working towards their goals, this interview will make you feel like it is all possible. Louise Bedford also looks at a perspective on life and urges you to take her challenge to try one trading tip at home. Louise Bedford - MindpowerTry this at homeHere is a challenge for you.Choose from this list and create an action step for you and your trading.Read through your trading plan to see if it still sits with your objectives.Show appreciation to your spouse.Be grateful for your trades and your trader’s life so make sure you make it all that it can be.Give yourself a treat next time you follow your trades to the letter.Choose one of these four objectives and contact Louise at louise@tradinggame.com.au  and tell her how you went. John MacleanAt age 22 whilst cycling on a motorway John Maclean was hit by an 8-ton truck.He broke his back and became an incomplete paraplegic.Determined to stay in the game of life a John set enormous challenges for himself and became the first wheelchair athlete to compete in the World Iron Man, the first paraplegic to swim the English Channel and was a two- time competitor in the Paralympics winning silver.John wanted to prove himself an equal without a dis-advantage or a dis-ability and continue to live his dream of being a professional athlete.After 25 years of being in a wheelchair in 2013 John started to leave his wheels behind.He is now able to walk again.With a combination of technology out of the US military - carbon fiber leg bracing, and tremor therapy, John is now able to pick up his son, walk the dog, hold hands with his wife and walk on the beach with her and ride a bike.Where did his mental fortitude come from?From the little boy who loved to run.His advice - Let the truck moments go.If you truly able to let go of the past and live in the present you are able to explore your potential and do all the things you want to do. Get back to the little boy or girl who wants to try.John chooses to live in the moment and not 1988. Because he lives in the now he was able to explore all the potential possibilities offered to him and proved that dreams do come true if you believe and surround yourself with people who support them.John continues to live his dreams.John’s book How Far Can You Go is available online and in stores.To help children in wheelchairs donate to the John MacIf 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

Business owners - this one's for you! (But also, if you're a trader who hasn't taken a break in a while - this is just so damned important as well.)Listen to Tax Accountant, Business Leader and TV personality Jason Cunningham as he discusses the importance of getting away from it all and 'sharpening your saw'. Jason will be leading a 3-day event for business owners in the paradise of Fiji.  Join Jason, Louise Bedford and Chris Tate on 22 – 24 June 2017 to develop an action plan across 7 key ingredients of business success to strategise your future and liberate your lifestyle. Come and get a suntan while building your business network. Jason CunninghamFeel like you are running around in circles?Tired of not moving ahead with the bottom line?Forgotten why you went into your business in the first place?Tax Accountant, business owner and T.V personality, Jason Cunningham is sharing his accounting knowledge, horsepower and business hutzpah in a three day event in Fiji to change people’s lives on:  22 – 24 June 2017.Give yourself a mid year break and join Jason, Louise Bedford and Chris Tate in paradise to build your business network and develop an action plan across 7 key ingredients of business success.Too often business owners get caught up in the holus bolus of their business and don’t take time out to ‘sharpen the saw’.  It has been ‘mission critical’ for Jason to go away each year to build his own business. And in this 3-day event he wants to impart, share, inspire and support business owners to liberate their lifestyles.The first thing people say is they don’t have the time. Make the time now.Here are 4 reasons to go to paradise.Liberate your lifestyle with 24 hours of Jason and his team to support you and share how and why he built his business and net worth.It is a smoko in the middle of the year.Take time out with like-minded business owners and step outside from your usual routine. Feel the synergy of people who are on the same page and where the sum becomes greater than the parts. And get a suntan.Take the opportunity to hang out with business leaders Louise Bedford, Chris Tate, Cameron Schwab and Kylie Bartlett.Get a tax deductionMoney back guarantee. If you walk away and feel like this event has not been worth it to you Jason will give you your money back. He wants to people walk away and feel liberated.To go to paradise and strategise your future whilst getting a suntan go to: http://thepractice.com.au/fiji/ or contact 03 8888 4000.Where: The Intercontinental Hotel FijiWhen:  22 -24 June 2017Places are limited.  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

Hear new options to make money in this episode of Talking Trading with Options Expert Larry MacMillan as he discusses his unique volatility capture strategy - an option hedging strategy designed to protect downside risk. Hear how it works and some of the highlights of his 30-year trading journey. Louise Bedford also warns against negativity bias and how to avoid it in the markets. Larry MacMillanOptions can be very profitable... but they can be risky.Larry McMillan uses a unique Volatility Capture Strategy, an all weather investment approach that combines the benefits of option writing with strategies designed to protect downside risk.  Hear how it works and why he uses this hedging strategy to make money.Hear his most outstanding trade in 2008 at the time of Lehman Brothers collapse and the market downfall when the VIX went to the moon and people in his volatility capture strategy walked away with fist full’s of cash.Also hear his worst trade and the lowest point in the markets for him with Gulf Oil and a take over that never happened.The area of the most potential growth in the markets in Larry’s mind are VOLATILITY DERIVIATIVES.Volatility futures started trading in 2004. Volatility options started trading in 2006. Larry is trying to educate people on how to trade them.Hear Larry’s advice to traders and the importance of taking the emotion out of trading. Louise Bedford - Negativity BiasWe pay more attention to things that are negative and that can hurt us.After all... it makes sense from an evolutionary perspective.If our ancestors didn’t pay attention to that glint of eye or that flash of tooth in the dangerous animals barrelling towards them then we wouldn’t be here today.But this negativity bias can scare you out of a trading position.Hear Louise’s advice to stop this bias in the markets. 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