Talking Trading | Australian Sharemarket Strategies, Education & Trading Psychology

This week’s episode of Talking Trading features a panel of experts on the panic in the Chinese market and the repercussions for Australian traders. China expert Daryl Guppy takes us through the mechanical problems of the Chinese market and how this resulted in the large sell off. He further discusses Australia’s future in the Asia Pacific Region. We also hear Jonathan Barratt’s thoughts on China and the price of iron ore. And finally Chris Tate in his usual style tells us we are one short of the three stooges running amok in the world financial markets. Daryl Guppy – CEO of Guppy TradersChina Expert Daryl Guppy lays out 4 mechanical causes of China’s panic:1)Stocks can only move 10% per day then they get locked limit up or limit down2) You cannot go short on the Chinese stock exchange3) Suspension of stocks from trading which means if you have an open position you cannot get out of it4) Trading is only for 4 hours per day.What is happening in the Shanghai Stock market in not related to the underlying economy. Although we are seeing a slow down in China the economy is still strong and we will be seeing an aggressive roll out of large-scale infrastructure projects within South Sea Asia and possibly the top end of Australia.Daryl tells us what he is doing with his positions at the moment and where to seek the opportunities. Jonathan BarrattJono’s thoughts on China’s market are they are less of a panic when you are a socialist market economy.We also hear about the margin call on iron ore and its drop in price.  Chris TateWhat we are seeing in China is a conflict between an immature market and runaway leverage.Their market lost 3.9 trillion last week in wealth, which is larger than the GDP of every country on earth bar the USA, Germany and Japan.Between China and Greece the two crises in the market at the same time is unusual and is not something Chris would expect to see again in his lifetime. He says we are one short of the trifecta of the three stooges running amok in the world of financial markets.Chris also shares his perspective on the Aussie market at the moment – moribund and stuffed. He tells traders to go and diversify.  Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.Additional Music by Kevin MacLeod http://www.incompetech.comLouise 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

Resilience coach and martial arts expert Michael Licenblat joins Talking Trading to discuss how traders can tap into their innate resilience to conquer the markets. Michael discusses how to develop and ritualise habits and patterns of thinking which enable you to conquer self-doubt and bounce back fast. Michael LicenblatRESILIENCE is an INNATE STRENTH within everybody but sometimes we need help to draw it out and build it up to make it strong and unshakeable in the face of circumstances and when the markets aren’t performing.Resilience coach Michael Licenblat believes there are 6 fundamental qualities which help a person stay resilient.1. DO NOT PERSONALISE FAILURESeparate your worthiness from your trading outcomes and what you learnt along the way. Mistakes are simply the journey to getting things right.2. KEEP AN OPEN MINDAs in martial arts strive to for a black belt but have a white belt mentality. When you remove the ego of I know it all or the fear of I have to know it all then you can progress. 3. OPTIMISMOptimism is a tool to stay level headed and centred. It is having positive expectation and is a discipline of thinking of what can be done. 4. IDENTIFY PROBLEMSJust like working a muscle you don’t toughen up by ignoring a problem you toughen up by identifying a problem. 5. IGNORE SELF DOUBTSelf-doubt is a POISON. It is a habit of making a negative assessment of your ability and is simply fear. Self-doubt is an old habit that keeps holding you back and bringing you down. DON’T counsel DON'T indulge it.The key to RESILIENCE is developing habits you don’t have to think about consciously. Ritualise your habits so they become unconscious and you will bounce back fast.To download Michael’s eBook - The Seven Ways To Prevent Getting Overworked Rundown and Stressed Out go to www.bouncebackfast.com.    Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.Additional Music by Kevin MacLeod http://www.incompetech.comIf 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 week’s episode of Talking Trading Chris Tate walks us through the market news of the world. As the boom comes off China and Greece hinges in uncertainty Chris discusses the bi polar nature of markets. Hear how Australia is caught in a sideways move which is neither bull nor bear and join Mentoree Joe Papa in Café Conversations to hear his trading journey and how success has come not by FedEx but by dogged determination.Chris Tate – Market Wrap 29 June 2015China has been the best performing equity market of the year gaining over 40%. But the shine has worn off and the PULLBACK has arrived.Manic energy has turned into panic as people are forced selling.The Nikkei is also dropping as Chris is stopped out of his long position.Meanwhile Greece hinges in uncertainty with its loan repayments and Chris discusses the future of the EU.Australian markets are neither bear nor bull and are caught in a sideways slop. Hear where Chris is looking to make profits and which commodities are trending.Café Conversations – Joe PapaJoe Papa did the Mentor Program in 2009 and has had great results including a trade with a 32 R return.Joe knew success would not be FedEx - it would not come overnight. He has been a woodpecker and doggedly persisted with the markets until he hit results.   Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.Additional Music by Kevin MacLeod http://www.incompetech.comLouise 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 we hear from Trading Game Mentoree Kirsten Stoldt. After taking a break from intensive farming Kirsten tackled the markets to become a successful trader. Hear her journey of trading experiences, her lessons of detachment and how her trading system has evolved to plough the markets of profits. Kirsten Stoldt - from farmer to traderMentoree Kirsten Stoldt migrated from Germany 20 years ago and established a farm in tropical Australia. In 2011 she decided to take on the markets and has built a robust trading system which earns her profits.In both farming and trading there is NO INSTANT GRATIFICATION.Learning detachment and internalising the attitude to have no opinion on the markets has been the hardest thing for Kirsten to master, and working on her psychology and overcoming frustration is still one of her priorities.Hear how Kirsten has learnt to just keep swinging the bat until the profits flow, find out what positions she has on at the moment and the pearls of advice which sustain and drive her towards big trading returns.Mastering a trading system can be simple but it is never EASY.  Highlights of Talking Trading are also available on Louise Bedford’s Soundcloud.Additional Music by Kevin MacLeod http://www.incompetech.comLouise 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