Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology

This week’s episode of Talking Trading features life coach Barbara Stanny on sacred success and pursuing your soul's purpose. Hear how greatness is where your deep gladness meets the world’s deep hunger and the slogan for the rich. Also get deep inside Louise Bedford’s head in this episode as she shares some personal words from her morning journal and asks you ‘What is your personal manifesto for today?’ Louise Bedford - Your Personal ManifestoTo master anything you need to pay attention to the masters.Hear how Louise Bedford ticks... how she thinks... how she inspires herself... as she shares an excerpt from her morning journal on her personal manifesto for the day. Barbara StannyBarbara Stanny learnt the hard way...Her husband was a compulsive gambler.Once she left him she got a tax bill for over 1 million dollars.That is when she got SMART: If you don’t deal with your money your money will deal with you.For Barbara, sacred success is pursuing your soul's purpose for your own bliss and the benefit of others while being richly rewarded.The primary purpose of sacred success and creating affluence is achieving your greatness and Barbara defines greatness as 'That place where your deep gladness meets the world’s deep hunger'.So how do you find your purpose?The number one thing to go to the next level is to do what you don’t think you can do.If you ask under earners when was the last time they did something they feared, they would say a long time ago, but if you ask high earners the same question they laugh and say it is a way of life.High earners slogan: ‘If it is not illegal or immoral just say yes’.The second thing is to Surround yourself with support: you become whom you are with.Under earners tend to hang out with naysayers, worry warts and pessimists. They are scared. High earners surround themselves with people who are playing at the level they want toUnder earners tend to hang out with naysayers, worry warts and pessimists. They are scared. High earners surround themselves with people who are playing at the level they want to playing. They find role models who inspire them to play a bigger game.Women who earn big money may be confident but they still struggle with self-doubt and fear. But the difference between them and under earning women is they didn’t let it affect them. They feel the self-doubt and do it anyway. 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 how those mini building blocks can create a whole new life in this week’s episode of Talking Trading. Mentoree Andrew Woodward discusses how the Mentor Program, and learning to trade with the six inches between his ears, led to creating a whole new business for himself. And Louise Bedford challenges you to treat yourself like a toddler for a day in order to manifest your BIG goals. Treat Yourself Like a ToddlerRelentless work does not necessarily make you more effective.Louise sees many traders marching to the steps of burnout. If you are a habitually busy person what can you do to get out of that spiral which is not productive?Louise’s Challenge.  For one day think of yourself as a toddler - look after yourself as a toddler - do everything you can to treat yourself with care and nurture.Breakdown those big scary tasks into micro-building blocks. Do each building block in succession and you will be surprised how quickly that BIG goal comes to fruition. Andrew WoodwardAndrew Woodward defines himself as a Wealth Creationist.The share market was the perfect environment to explore his fascination with numbers in a way that led to making money. But Andrew knows even the best strategies won’t prepare you for the mental challenges in the markets.Both the wins and the losses can challenge the space between your ears and Andrew endured a string of 11 consecutive losses in the commodity markets that had him second-guessing himself.But Chris and Louise’s advice ‘Keep taking the signals’ kept him plugging away until his faith was restored and he could revel in being a pig for a period.He has learned that patience is the key in the markets.He has changed since doing the Mentor Program; he is a better person and trader. His energy with trading has even led him to starting his own business in wealth creation.His advice to new traders: 10 years ago was the best time to do the Mentor Program. The second best time is today. 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

Psyquation’s money management strategy and Louise Bedford on starting from scratch.The first world’s first robo trading coach has come to life in the FX markets. Psyquation is not a black box or a trading system but a money management strategy. Hear how it was built and how it can eliminate trading errors. Plus if Louise Bedford had to start from scratch what would she do?  Find out in this episode.Louise BedfordIf Louise had to start trading from scratch what would she do?She would work out WHY she wanted to trade.Read books, find a mentor, seek out success stories and develop the technical skills necessary to trade.Put her head down and study study study.She would back her guesses with real money.She would self monitor and look at trades she didn’t take as well as the ones she did.Take a partial profit of winning trades and reward herself.She would trade one thing to start with and later a few instruments only. And she would listen to the advice of mentors to short cut your trading progress. Michael Berman PysquationNeeding that unreasonable friend?Someone who can point out your trading faults and reinforce your positive traits.The world’s first robo trading coach is available for FX traders.Psyquation is a money management strategy to overlay onto your existing trading plan. It is not a black box… it is not a trading plan in itself. It works by looking through all your positions and identifying where you are making mistakes and then sending notifications via email or sms. It has both negative alerts for errors and positive alerts to reinforce positive behavior.80% of FX traders lose money.As Carl Jung said: “An inflated ego magnifies the blind spot in our eye.”Psyquation helps to keep your trading habits on the right track.The service is 100% free for traders.To kick the tires and register a demo account: go to www.psyquation.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

Wake up with this week’s episode of Talking Trading as we talk to life coach Ken D Foster on how to create success and live your greatness. Hear his energy enjoy his passion and soak up his wisdom. Also be inspired by Louise Bedford’s psychological tactic of talking to your inner mentor. Louise BedfordTalk to your inner mentor.Imagine you your best version of yourself in 10 or 20 years into the future…. talk to them, ask them questions, visualize them. Inside all of us is great guidance, strength and wisdom, and this technique allows wisdom from your older self to flow towards you now…to help you…Your older wiser mentor will lead you closer to living your ideal trader's life. Ken D FosterKen D Foster has a PhD in results.He has been life coaching for 22 years and studied great minds in many areas to see what creates success for people. There are 3 key things successful people do.Successful people ask the right questionsYou have 60 000 thoughts a day but they are the same thoughts as yesterday and the day before. If you want to expand your mind, ask the right questions.  Everyone has the answers to succeed but most people don’t spend the time in solitude to get the answers, which is the second thing successful people do.Successful people meditateAs Leonardo Da Vinci said  “Isolation is the path to greatness.’Ken believes when you slow down to succeed you start asking the right questions and you get the right answers, you move in different directions and you start doing things which you thought were impossible. You start living your vision. Which is the third thing successful people do.Successful people have vision and goal set The Latin root of COURAGE means to speak your truth and it takes great courage to tune into what you really want in life, speak your truth and execute it. Successful people ask what are the action steps and what could get in the way to accomplish their vision.To find out more Ken and Stars of Courage which is taking life coaching out to the underprivileged go to: www.kendfoster.com or www.starsofcourage.org 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

This episode features part 2 of our interview with Stock Market Wizard Mark D Cook. Hear about his work ethic and why personifying your strengths and subduing your weaknesses will make you profitable. Also hear his views on the current state of the market. Mark D CookMark D Cook works hard…He worked hard as a farmer and he works hard as a trader.When he started his own trading company his father asked him ‘what happens if you don’t make it?’Mark answered  ‘There will people better connected better educated more experienced but there won't be anybody who will out-work me.’His trading motto Work hard and the trading will be profitable.Success is consistency and perseverance is the first thing he hammers into his students.Mark calls himself a blue-collar trader… a machine… where he makes a bit of money every day.  He says there is always an opportunity to find money in the markets and his job is to find that opportunity.He also says: 'Persistency' breeds consistency and that the more persistent you are in your endeavors the more consistent your profits over time.Mark’s winning percentage of trades is a whopping 87%. He evaluates his losing trades as much as his winning trades and believes every trader should self-evaluate. Don’t confuse a bull market with genius and don’t rest on your laurels in a profitable situation.Mark believes people fail as traders often because their trading plan doesn’t fit their personality. He says Personify your strengths and subdue your weaknesses and you will be profitable.Hear Mark’s comments on the current state of the market and what his CCT indicator is saying right now. 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

Stock Market Wizard, Mark D Cook, is this week’s guest on Talking Trading. From a small country town of 1000 people in Ohio, Mark became one of the most famous traders in the world. Hear how an outgoing farmer became a share trader, the details of that famous Options story which put him into negative net worth, how he developed the Cook Cumulative Indicator and why he entered the US Investing Championship. Get ready for the extrovert from Ohio and why he says:  There is always an opportunity to make money in the market. His job is to find that opportunity.  Mark D CookMark D Cook became a trader because of a cow…Elsie the Cow secured him his first job in the markets and started his life long love affair. ‘It has been the best career I ever could have had.’ Mark said. ‘I have made more money trading than in any other profession.’But at one stage Mark almost lost it all.In 1982 he sold naked option calls and got caught in the manipulation of a squeeze.  He lost all of his and some of his mother’s money and went into serious negative net worth.He was devastated….he almost quit….But when he told his mother ‘We have lost a lot of money Mum’ her response was simply to say, ‘Oh thank goodness I thought you had cancer. How soon will you be able to get this money back?’Within 5 years Mark Cook was a millionaire.In his determination to make back the money he lost Mark worked around the clock studying the internals of the market. Since then he has been impeccable, disciplined and religious about risk management.Mark loves all aspects of the market, he loves looking at different viewpoints of the market and he keeps a daily diary of market movements. He looks for facts about the markets not opinions. ‘Lose your opinions not your money.’ He preaches to his students.In his study Mark worked on the Cook Cumulative Indicator to show price movements overlaid on volume and time. It is what he credits made him a million dollar trader.To satisfy his competitive edge in 1991 Mark entered the US Investing Championship against other stock Market Wizards. He came first with a blistering return of 564%. Since then he has been on the map as one of the most successful share traders. His credo is ‘If I trade I will make money.’Hear part 1 of his interview on Talking Trading this episode.  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

Take a look at the world markets with CNBC Chartman Daryl Guppy.  Hear why why the events of 2008 were as significant as 1929 and what impact the ETF revolution has had on the markets. Be inspired as Louise Bedford urges you to dump any drama queens or kings lurking inside you and to treat trading with the respect it deserves. Plus hear some feedback from the Markets Gone Mad Seminar in Sydney this month. Market Wrap with CNBC Chartman Daryl GuppyTake a walk through the world’s markets with CNBC Chartman Daryl Guppy.Whilst the US market looks strong hear why it is fundamentally WEAK and why the Australian market continues to look UGLY.Our market continues to run around like a headless chicken with enthusiastic rallies collapsing into scrovelling heaps allowing no trend stability to develop. According to Daryl to see a proper trend we need to move above 5660.Hear Daryl’s analysis of the events of 2008 and how they were as significant as 1929 and how the advent of HFT and ETF’s altered the nature of our markets forever. Hear Daryl explain why ETF’s are playing an increasingly significant role and how they impact your trades.Listen to Daryl’s advice – to lie back – enjoy the rally – but keep your stops tight. The Awfulising HabitWhat are you awfulizing today?Good traders apply reality.  They don’t dramatise. They have emotional stability. They look at the world as it really is.Through trading you have the absolute ability to change the way you live your life through trading and why Louise says to treat it with the respect and detachment it deserves. Markets Gone Mad SeminarHear what some attendees of the Markets Gone Mad Seminar thought of the day. 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

Author Tom Corley shares the habits of self-made millionaires.Want to know the distinctive habits of self-made millionaires? Listen to this Talking Trading interview with author and speaker Tom Corley who spent 5 years studying the daily activities of the rich and the poor. Hear the daily routine of a millionaire, listen to how Richard Branson describes his work as playing for 14 hours and hear how the wealthy accumulate their money. Also find out why all traders need to be like Chihuahuas from Chris Tate. Tom Corley – Author and SpeakerTom Corley spent 5 years studying the daily activities of the rich and the poor. In his three books on his research he identified distinctive definable habits of the wealthy and self-made millionaires that shaped their success.Want to know what they are?Firstly, self-made millionaires are masters of building relationships. They know the strategic importance of hello call, the happy birthday call and the life event call.They wake up early.They exercise – at least 30 minutes a day, and it is usually cardio to keep them in optimum physical condition.They dream set and pursue things they are passionate about. When Tom asked Richard Branson ‘If he considered himself a workaholic’ Branson told Tom he ‘every day he goes to work he feels like he is playing 14 hours a day.’They have Mentors: Although only 24% of the rich had mentors 93% of those attributed their wealth to their mentors.  And that is because mentors take the risk out of success and you can duplicate the habits and processes to shortcut your success.The rich mastered living below their means whilst expanding their means. 65% of self made millionaires have 3 streams of income. 44% had 4 streams.The good news is you can emulate many of these habits into your life right now.To find out more about Tom Corley go to richhabits.net Chris TateFind out why you need to be a Trading Chihuahua in the markets with Chris Tate’s quote for the week.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 Louise Bedford shares what she prizes in trading above all else, Chris Tate reveals what he likes to chew over in his mind and mentoree Anastasia Bonython discusses her trading journey. Plus Jono looks at the markets and what is moving. Market Wrap – Jono BarrattWith the Dow at record levels there is more confidence in international markets which could filter through to Australia.In commodity markets oil is under pressure due to the glut, iron ore has moved higher, and gold has had a terrific move but is under pressure.Hear where Jono recommends you look for the money. Mindpower - AutonomyWhat do you prize in life?Louise Bedford treasures AUTONOMY.If you are sick of working for other people’s dreams bring trading into your life. There are no rich critics and you can either be liked by all or you can be rich. Nobody gets to be both. Grow a thick skin and live the trader’s life. Chris Tate BlogWhat fascinates Chris Tate?What does he like to chew over in his mind?It is the psychological, emotional and identity issues trading throws up for people. It fascinates him so much he writes a lot about it in blog.To read more, click here and register your details. Mentoree Anastasia BonythonAnna craved the autonomy of the markets.Having worked in the public sector in a past life and private enterprise she wanted the independence and flexibility of the markets.But with a half-baked trading plan she knew she was spinning wheels and losing money. So she decided to find successful people and emulate them. In the Mentor Program she found Louise Bedford and Chris Tate share their intellectual property and give access to their combined 50 years of experience and knowledge. As well as getting access to other experienced traders who share their knowledge.The hardest part of trading for Anna was realizing the cost of a lack of a good trading education for 20 years. 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 Chris Tate’s strategy on pyramiding and why sitting on your hands is sometimes the best advice. Louise Bedford compares trading to other moneymaking ventures and its return on investment in all areas of your life. Pyramiding - Chris TatePyramiding in the markets is counter intuitive strategy of adding more money to a winning position. As your position increases in profit, you buy more.So... is pyramiding working at the moment?You'll be surprised when you hear Chris Tate's answer. Normally Chris Tate is an aggressive pyramider but because trends don’t have a pattern of longevity, he has altered his trading approach slightly.Chris’s advice is as a trader you don’t always have to be 'doing something'. If there is a secret to trading it could just be….SIT ON YOUR HANDS and let the trend find its own rhythm. Opportunities Are EverywhereGood traders are action takers… but sometimes it is hard to decide which moneymaking opportunities you should follow.This is how Louise evaluates trading in comparison with other opportunities.1.Return on investment over 12 months.Louise suggests people break even in 12 months of trading and gather education and accumulate experience.2. Investment over the medium to long term.Trading is a 'HELL YES', especially as you get support from the Mentor Program. With the Mentor Program Louise gives your potential chances of succeeding a 10 out 10.3. Personal development.Your level of income will rarely exceed your level of self-development and as the markets act as a mirror they show you if you like what you see. With the Mentor Program your chances are 10 out 10 of achieving personal growth.4. LifestyleWhat do you want with your lifestyle? Trading offers you a 10 out 10 on lifestyle.5. Emotional well beingHow does what you are doing impact your heart and your family? Trading frees up your time and wallet to pursue meaning elsewhere.Go to tradinggame.com.au/priority and make sure you are on priority notification for Louise Bedford and Chris Tate's very next 6-month, repeat-for-free Mentor Program. 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