Ep 90: Don’t Let Your Mind Sabotage Your Trading: Master the Mental Game of Trading with Steven Goldstein

Unlocking Trading Success with Steven Goldstein: The Power of Vulnerability and Purpose

In the fast-paced world of trading, success often hinges on a delicate balance of skills, mindset, and adaptability. As traders, we navigate the unpredictable market terrain, facing both triumphs and challenges. In this podcast episode, we explore the transformative journey of becoming a consistently successful trader, shedding light on the often-overlooked elements of vulnerability and purpose.

Embracing Vulnerability: A Game-Changer in Trading

Imagine a scenario where stress is a constant companion, and success is marked by the ability to navigate through the highs and lows of the market. This is the reality for many traders, and it was no different for one individual who went from being a hesitant trader to achieving sustainable success.

In a candid conversation, Steven Goldstein reflects on the transformation that happened when he embraced vulnerability and sought the guidance of a coach. Trading is inherently stressful, but learning to live with and manage that stress became a game-changer. His journey mirrors the experiences of many in the financial world who grapple with the idea of seeking external help for personal development.

Resistance to help is not uncommon in the finance industry. The perception of needing external support can challenge one’s confidence, which is particularly prevalent among high-performing individuals. However, Steven’s story takes a positive turn as he recounts discovering the power of vulnerability. Acknowledging the need for support, opening up to coaching, and embracing vulnerability became pivotal in his journey toward sustained success.

Follow Steven:

On X – @alphamind101

Steven Goldstein is renowned as a top performance coach within the financial market, known for his expertise in guiding individuals involved in trading and investment activities towards enhanced performance and capability. With nearly 25 years of experience in senior trading roles in London’s Rates and FX markets, Steven brings a wealth of insight into the complexities of financial markets and human behavior under risk. He is co-host of The AlphaMind Podcast and his new book, Mastering the Mental Game of Trading, is out now.

More Good Stuff:

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 53:36 — 73.7MB)

Ep 89: Big Waves to Big Trades – Building a Trading Tribe in the Surf Community

The Trading Tribe: A Fusion of Surfing, Photography, and Financial Wisdom

In the world of trading, where precision meets intuition, a unique community has emerged – The Trading Tribe. With individuals like Shane Dorian and Ryan Miller, this tribe is more than just a group of traders; it’s a blend of diverse backgrounds, including professional surfing and photography.

The story of how this eclectic tribe came together is as spontaneous as the ocean waves they ride. Shane Dorian, a seasoned pro surfer, and Ryan Miller, a top-tier surf photographer, initially connected through their shared passion for riding the waves. Little did they know that their camaraderie would evolve into a tight-knit group exploring the depths of the stock market.

The fusion of their collective experiences, with older members bringing long-term investment insights and younger ones offering cutting-edge knowledge, created a dynamic learning environment. The Trading Tribe started as casual conversations about stocks, mortgages, and real estate, gradually morphing into a focused exchange of ideas and strategies.

As the tribe tightened its structure over the past three to four years, the members became more serious about their financial pursuits. The result is a vibrant community where the wisdom of seasoned investors intertwines with the fresh perspectives of the younger generation, fostering an environment of continuous learning and growth.

What makes The Trading Tribe unique is not just its financial focus but the organic way it came together. It’s a testament to the power of shared interests and the desire to learn and succeed together.

So, whether you’re riding waves or navigating the stock market, this episode filled with collaboration and inspiration can lead to success in any aspect of life!

Shane has been a welcome guest and cohost on The Wall Street Coach Podcast — check out some of his other appearances here:

Ep 43: Shane Dorian on Big Waves and Big Winners

Ep 61: Charles Harris’ Massive Trading Loss Recovery + Mindset (Part 1)

Ep 62: Charles Harris’ Winning Mindset + Strategy on $TSLA (Part 2)

The Enduring Legacy of William O’Neil

Follow Shane and Ryan:

Shane on Instagram: @shanedorian
Ryan on Instagram: @badboyryry_

More Good Stuff:

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 1:13:19 — 100.8MB)

Ep 88: Reminiscences of a Day Trader with David S. Hale

Riding the Trading Rollercoaster: Real Talk from David Hale

So, you’ve probably heard all the success stories of traders living the high life. But let’s get real – trading isn’t just about cashing in on big wins. In a recent chat, David S. Hale talks about the not-so-glamorous side of a 23-year career in the industry.

We all go through it – those moments of shame, disappointment, and frustration. David digs deep into the struggles, calling out the stigma around shame that keeps traders from being real about their journey. He’s all about embracing vulnerability, believing it’s the key to letting others know they’re not alone in their struggle.

The conversation gets into the nitty-gritty of why traders find it tough to share their struggles with friends and family. Turns out, losses hit differently in the trading world. It’s not like your regular 9-to-5 where a bad day doesn’t mean your whole life is falling apart.

David doesn’t hold back on the personal stuff, sharing tales of relationship drama and financial hits. He talks about how trading can get toxic and advises traders to build a support system. Lesson learned – don’t go it alone.

One big takeaway? Always have a Plan B. David wishes he had a safety net during the rough times. So, if you’re thinking of diving into trading, stash some savings or have a side hustle ready. It’s like having a financial cushion when the market throws a curveball.

The interview takes on the full-time versus part-time trading debate. David gets it – to be a trading pro requires serious dedication, but he’s not blind to the fact that bills need paying!

Listen in to get David’s perspective on the emotional and practical sides of trading! It’s not just about charts and graphs; it’s about bouncing back from losses, keeping it real, and having a solid plan for when the going gets tough.

Follow David:

X – @CREAMtrader

More Good Stuff:

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 35:28 — 48.7MB)

Ep 87: No Worries – How to Live a Stress-Free Financial Life with Jared Dillian

Jared Dillian, the author of the insightful new book, "No Worries: How to Live a Stress-Free Financial Life" joins me on this episode of The Wall Street Coach Podcast.

What makes "No Worries" a distinct read is its accessibility--Jared has managed to strip away the jargon, presenting financial insights in a way that feels like chatting with a friend at a bar. It's a candid and straightforward conversation about money – a breath of fresh air in the often complex world of finance!

He navigates the emotional landscape of money and offers practical advice on how to lead a stress-free financial life. His approach, born out of years of work on personal finance, resonates with traders and individuals seeking clarity in an often turbulent industry. Jared emphasizes the role of mindset and behavior, challenging extreme financial solutions and advocating for a balanced approach.
Cutting expenses isn't the solution. Making more money is a better alternative. Jared stresses the need for cash, capital, courage, and conviction in financial decisions, envisioning a state of financial security where individuals can confidently say "f*** you" and seize opportunities!

Follow Jared:
Twitter – @dailydirtnap

More Good Stuff:
Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.
Get Kim’s FREE e-book at traderdiscipline.com
Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com
Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 34:52 — 47.9MB)

Ep 86: How This Trader Turned ‘Boring’ into Seven Figures (while in college)!

Kyle Williams: Navigating Trading and Emotional Resilience

Reflecting on his seven-year trading journey, Kyle’s passion for the industry wasn’t immediate. The quest began during his freshman year in college where he found himself scouring personality tests, TED talks, and books in pursuit of a career path. It wasn’t until stumbling upon trading that he found a sense of certainty.

With trading, managing emotional landscapes during losses became crucial. A series of small losses felt like a relentless erosion of confidence, prompting Kyle to uphold a win rate above 50% as a grounding metric. However the most daunting challenge came during a massive market spike. Poised at the brink of a potential account wipeout, the situation demanded a reevaluation of risk management strategies and confronting the emotional turmoil it brought.

Amidst such adversity, Kyle learned a critical lesson – how to detach from overwhelming emotions and pivot towards logical analysis. He realized setbacks were intrinsic to the journey. An immense loss that once seemed insurmountable now became a testament to his growth, resilience, and unwavering determination.

A metaphorical gut punch followed by a conscious shift in mindset echoed both in Kyle’s trading and life. Listen to this episode to hear about Kyle’s transition from vulnerability to resilience and the experiences which mark true his personal and professional growth.

Follow Kyle:

Twitter – @traderkylec

More Good Stuff:

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 42:24 — 58.3MB)

Ep 85: Gratitude is the Attitude with Ricky Analog

Podcast: Play in new window | Download (Duration: 1:17:27 — 106.4MB)

4:23 Gratitude in the face of struggle.
7:24 Continuous self-destructive behaviors.
18:06 FOMO and trading strategies.
28:37 Systematizing for success.
54:43 Ignoring P&L for better trading.
58:09 Building confidence after losses.
1:16:02 Gratitude is the attitude.

Gratitude’s Game-Changing Role in Trading and Life

Ricky Analog, a seasoned trader with more than a decade of trading under his belt, drops some real knowledge about how gratitude can be a game-changer, not just in trading but in your everyday life. Gratitude isn’t just a warm fuzzy feeling; it’s a practical tool that can boost your trading skills and make your whole life better.

Traders often get caught up in the nitty-gritty of it all, forgetting how incredible it is that they get to trade for a living. Ricky, who’s also a dad of three, is all about reminding us that trading is a pretty unique lifestyle. Outsiders might think traders are just clicking buttons, but it’s so much more than that!

Ricky believes that on your darkest days, gratitude can be your beacon of light. When life gets you down, just a few minutes counting your blessings can totally lift the weight off your shoulders and make your problems seem less daunting.

So, how do you add gratitude into your trading life? So many ways! Listen in to hear Ricky share his thoughts on incorporating gratitude into trading and life.

Gratitude is a total game-changer. By taking a moment each day to remember all the awesome stuff you’ve got, you’re not just leveling up your trading skills; you’re bringing more happiness into your life.

Follow Ricky:

Twitter – @rickyanalog

More Good Stuff:

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Ep 84: Sam Prior on Trading, Sports & Mindset

Embracing Change and Pursuing Passion: A Trader’s Journey from Adversity to Success

Sam Prior, a semi-pro rugby player turned successful day trader dives into his journey from a career in orthopedic account management to the pivotal moment that led him to trading.

Not a typical career transition, his venture into day trading was born out of a life-altering experience which served as a wake-up call, prompting him to reevaluate his life choices. Sam shares his story, emphasizing the importance of doing what you love without waiting for a critical event to push you into action.

In this episode, we explore the valuable lessons Sam carries from his sporting life as a semi-pro rugby player into the world of trading including:

- Comfort Zones vs Growth

- Having a Sporting Spirit

- Lessons from the Field

Sam Prior’s journey is an inspiring testament to the transformative power of embracing change and pursuing one’s passion. Whether you’re a trader seeking motivation or someone contemplating a career shift, Sam’s story offers valuable insights. As you navigate your own journey, remember the lessons from the rugby field—embrace challenges, push your limits, and savor every moment on the path to success.

Follow Sam:

Twitter – @TradesTurbo

More Good Stuff:

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 1:29:11 — 122.5MB)

Ep 83: Peter Atwater on Confidence-Driven Decision-Making

Author Peter Atwater joins The Wall Street Coach Podcast to talk about his book, “The Confidence Map,” which is a must-read for anyone who wants to improve their decision-making. With over 17 years of experience working with traders and investors, Peter’s “Confidence Map” offers a fresh perspective that resonates deeply with those in the business world.

We delve into the four quadrants of Peter’s Confidence Map, each representing a unique state of mind: the Comfort Zone, the Stress Center, the Passenger Seat, and the Launch Pad. Peter masterfully explains how these quadrants influence our decision-making and emotional responses in various situations. He also sheds light on the five F’s of panic and the five F’s of extreme competence, helping us understand how we react to uncertainty and control. These responses shape our behavior in crucial moments.

Our conversation isn’t just about theory—it’s about practical application. Peter’s wisdom offers a roadmap for entrepreneurs, traders, investors, and anyone navigating the twists and turns of the business world. His insights are a game-changer for confidently making decisions that can lead to success.

Get ready to absorb invaluable insights from Peter Atwater’s “The Confidence Map.” We’re going to walk you through how this wisdom applies to your day-to-day life, not to mention your ventures in trading and investing!

Follow Peter:

Twitter – @Peter_Atwater

LinkedIn – https://www.linkedin.com/in/peter-atwater-08467034

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

More Good Stuff:

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 1:17:58 — 142.8MB)

Ep 82: Seeking Alpha’s Steven Cress on the Importance of Data-driven Trading & Investing

Podcast: Play in new window | Download (Duration: 1:05:04 — 89.4MB)

Steven Cress, the head of quantitative strategies at Seeking Alpha*, shares his journey and insights into how Seeking Alpha’s platform is changing the landscape of investment research.

The platform, fueled by crowd wisdom and diverse opinions, caters to over 70 million users monthly. Breaking news, analyses, and advanced tools allow investors to make informed decisions without exhaustive research.

Steven’s career trajectory was driven by a desire to simplify investment research. He vividly recalls the days of laboriously assessing stocks through reports and data analysis. His quest for an easier approach led him to develop his own proprietary platform, aligning seamlessly with Seeking Alpha’s mission.

The founding of Seeking Alpha by David Jackson created a space for buy-side analysts to share their insights, forming a hub for crowdsourced investment research. Steven’s quantitative strategies harmoniously merged with the platform, transforming it into a unique powerhouse of qualitative and quantitative insights. The stock page itself offers a comprehensive overview, displaying qualitative opinions, consensus recommendations, and Steven’s quantitative grades.

Central to Steven’s approach is the daily refresh of quantitative data, providing users with real-time insights. This approach simplifies the evaluation of stocks by comparing them within their sectors, turning a complex process into an effortless one.

Steven Cress and Seeking Alpha are revolutionizing investment research by seamlessly combining qualitative insights with quantitative analysis. This synergy empowers traders and investors to make swift, informed decisions, reshaping their approach to investing.

*Check out this special Seeking Alpha affiliate link with a discounted price for The Wall Street Coach followers!

The Wall Street Coach is an affiliate of Seeking Alpha. Content stated may not reflect the opinions of Seeking Alpha and does not constitute a recommendation of advice that any particular security or investment is suitable for any specific person.

Follow Steven:

Twitter: @StevenCress3

Seeking Alpha: steven-cress

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

More Good Stuff:

Subscribe to Kim’s FREE weekly newsletter: Curtin Call

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 1:05:04 — 89.4MB)

Ep 81: Trading Solutions with Mondeum Capital’s Mike Milani

Insights from an Industry Expert

In this episode of The Wall Street Coach Podcast, Mike Milani, a seasoned professional with 25 years of experience in active trading and financial technology, discusses what it takes to be a successful trader.

As the CEO of Mondeum Capital, he understands that adaptability in the ever-changing market is a key trait for traders. According to Mike, traders must stay well-informed, be flexible in their strategies, and maintain open communication with other traders to share insights and collaborate effectively. Maintaining a calm and patient mindset is essential, allowing for rational decisions and avoiding impulsive actions.

For valuable insights, guidance and solutions to help navigate the fast-paced world of trading, this episode with Mike Milani has you covered!

Follow Mike:

LinkedIn – Michael J. Milani

Twitter – @michaeljmilani

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

More Good Stuff:

Subscribe to Kim’s FREE weekly newsletter: Curtin Call

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 37:31 — 51.6MB)