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!
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
0:39 – TraderHeroJourney.com is the only Discord room for Traders that specifically works on the mindset of a trader 1:08 – Meet Megan Marlow 3:15 – Pivoting from cooking to trading 10:44 – Belief in herself 17:33 – Biohacking 24:56 – Handling ego 36:34 – On motivation 54:52 – Preparing to trade
From Chef to Trader: The Power of Mindset and Attitude
Megan Marlow, a senior Trader at Peak Capital trading and a devoted moderator for Bear Bull Traders, shares her journey from being a professional chef to becoming a successful Trader is both inspiring and enlightening.
A diverse skill set, cultivated during her career as a chef, has allowed her to maneuver through high-stress trading environments with ease. She attributes her success to her unwavering creativity and her ability to handle high-pressure situations. As Megan puts it, “If you can’t handle the heat in the kitchen, you are done pretty quickly.”
The pivot from the culinary world to trading might seem like a drastic change, but for Megan, it was a natural progression. As a chef, she constantly sought out cerebral challenges and desired a career that would keep her on her toes.
Trading offered her the perfect outlet for her passion for intellectual stimulation and provided a dynamic and ever-changing environment.
One of the key elements that Megan emphasizes is the importance of attitude in trading. She believes that a positive and enthusiastic mindset is crucial for success in the market. Her infectious half-glass-filled attitude is evident in everything she does, from sharing a laugh in an Uber to tackling unexpected market situations.
She firmly believes that maintaining a good attitude, even during tough times, is vital for navigating the ups and downs of trading.
Megan’s journey as a self-taught chef has instilled in her the belief that anything can be learned with the right mindset and determination. Her willingness to take on new challenges and her unwavering belief in herself have been the driving forces behind her success in both the culinary and trading worlds. She credits her ability to embrace new opportunities to her mindset of “if they can do it, why can’t I?”
Megan Marlow’s story is a testament to the power of mindset and attitude in achieving success. Whether you’re a chef, a trader, or pursuing any other career, adopting a positive attitude and believing in yourself can make all the difference!
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 78: “The Big Short” Legendary Investor Steven Eisman Talks 2023 Investing
– Traderherojourney.com is the only Discord room for Traders that specifically works on the mindset of a trader.
– Intro to Steven Eisman
– How today’s banking crisis is different
– Steven’s philosophical approach: Traders need to shift into their new paradigm
– Steven’s courage and willingness to foresee what was happening
– Steven’s perspective on First Republic
– Paradigm shifts aren’t clear until they actually happen
– Rules of thumb – investing is not a religion
– The market at its current level will be changing
– The Eisman group takes a limited amount of investors
“The Big Short” Legendary Investor Steven Eisman
Talks 2023 Investing
In this podcast episode with guest co-host Grant Williams, we delve into the legendary Steven Eisman’s career, his notable contributions, mindset and his advice on navigating the complexities of today’s financial markets.
With a remarkable career spanning over two decades, Steven Eisman has emerged as a distinguished figure in the world of finance. Beginning his journey at Oppenheimer & Co., a prominent player on Wall Street, Eisman earned the prestigious title of All-Star Analyst, as recognized by esteemed publications such as Institutional Investor and The Wall Street Journal. However, it was during his tenure as Partner and Senior Portfolio Manager at FrontPoint Financial Services Fund that Eisman made his indelible mark. His remarkable foresight and predictions of the 2008 financial crisis were immortalized in Michael Lewis’s best-selling book, “The Big Short,” which was later adapted into an award-winning film featuring Steve Carell portraying Eisman.
Today, Steven Eisman is the Managing Director at Neuberger Berman, where he spearheads the Eisman Group within the firm’s esteemed Private Asset Management division. Leveraging his wealth of experience and expertise, Eisman continues to provide invaluable guidance and insights to investors.
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 77: Alex Sposito: College Student to Six-Figure Trader
Ep:77 Alex Sposito – College Student to Seven-Figure Trader
0:30 – Fan of the pod? Please subscribe + leave a review! Plus, check out www.traderherojourney.com That’s for you if you’re a trader who has ever struggled with fear of missing out, greed, ego issues, anger issues, health issues . . .
In this episode of The Wall Street Coach Podcast, I sit down with Alex Sposito to discuss his journey from college student to becoming a seven-figure trader. Alex emphasizes the importance of risk management and networking in his success. He also discusses the support system he had during his biggest loss and how it helped him process through it quicker.
Alex also reminds traders to become systematic in trading, allowing for more focus and freeing up time to dedicate elsewhere. Looking back, the top three things he would focus on are risk management, data and statistics, and defining strategies. As he puts it, “The difference between could and should in trading is conviction.”
Alex Sposito’s journey will show you the importance of having a support system, a healthy mindset as a trader, conviction in your decisions and how to learn from our failures.
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 62: Charles Harris’ Winning Mindset + Strategy on $TSLA (Part 2)
This time, Charles gets into the nitty-gritty of his winning trades on Tesla, Inc. (NASDAQ: TSLA). Be prepared to learn from his expertise and experience plus plenty of stock charts!
Charles Harris is a Portfolio Manager at O’Neil Global Advisors Inc. with over 20 years of experience in finance. Recently, he released a YouTube video of a 2019 presentation he made at the final IBD Level IV Master’s Program workshop in Santa Monica, CA entitled “A Trader’s Journey.” In it, he details his personal journey as a stock trader and shares his highs and lows, the many boom and bust cycles he’s experienced along the way, and the lessons he’s learned and continue to relearn. The video went viral — it currently has over 34K views. Legions of traders have been blown away by his vulnerability and the wisdom he has gained as a result of staggering losses and hard-earned lessons — including legendary big wave surfer and trader Shane Dorian, who joins Kim as a guest co-host for today’s episode.
Not familiar with Shane? He’s been on the pod before — don’t miss his episode here. As a refresher, Shane spent 11 years touring on the World Championship Tour as a pro surfer before quitting the pro circuit to focus on big waves. Now, he’s one of the best-known big wave surfers in the world. But that’s not all — he’s also an accomplished trader, with years of experience. Following the CANSLIM system, created by William O’Neil, Shane identifies as a swing/position trader and has seen massive upside in his trading for over a decade.
What To Expect in This Episode
In today’s followup interview, Kim and guest co-host Shane speak with Charles about his approach to trading TSLA. As Charles explained in Part 1 of the interview, a series of winning trades on TSLA helped him recover his account after losing 85% of his net worth on a series of drawdowns. Then, Kim and Charles head over to a live Twitter Space q+a session so listeners can join in the conversation. Here’s what to expect:
Why Charles has so much conviction in trading TSLA. As he puts it, he’s a “love-hate relationship with TSLA since 2013.” Yes, it was one of his biggest winners — but he’s also lost a boatload of money on it, too. Charles explains why “it’s been great but I’ve also had periods where I’ve done very poorly with it.”
A detailed powerpoint presentation where Charles explains his approach to the stock since 2013 when he started trading it.
A new way to evaluate disruptive technology and why, according to Charles, “position size mirrors conviction, at least for me.”
Why the potential for Tesla is “enormous” and why traders need to look past the divisive individual that is Elon Musk. Charles about near-term catalysts for TSLA and why he’s still so bullish on the stock.
What Charles learned from trading AAPL — and how it gives him an edge trading TSLA.
If you believe that you have something that has massive secular growth, you don’t want to lose your core position. Charles explains why.
Plus, Charles shares TSLA charts + gives plenty of details about his approach to trading TSLA!
Charles Harris’ Massive Trading Loss Recovery + Mindset With Special Guest Co-Host Shane Dorian
Charles Harris is a Portfolio Manager at O’Neil Global Advisors Inc. with over 20 years of experience in finance. Recently, he released a YouTube video of a 2019 presentation he made at the final IBD Level IV Master’s Program workshop in Santa Monica, CA entitled “A Trader’s Journey.” In it, he details his personal journey as a stock trader and shares his highs and lows, the many boom and bust cycles he’s experienced along the way, and the lessons he’s learned and continue to relearn. The video went viral — it currently has over 34K views. Legions of traders have been blown away by his vulnerability and the wisdom he has gained as a result of staggering losses and hard-earned lessons — including legendary big wave surfer and trader Shane Dorian, who joins Kim as a guest co-host for today’s episode.
Not familiar with Shane? He’s been on the pod before — don’t miss his episode here. As a refresher, Shane spent 11 years touring on the World Championship Tour as a pro surfer before quitting the pro circuit to focus on big waves. Now, he’s one of the best-known big wave surfers in the world. But that’s not all — he’s also an accomplished trader, with years of experience. Following the CANSLIM system, created by William O’Neil, Shane identifies as a swing/position trader and has seen massive upside in his trading for over a decade.
What To Expect in This Episode
In this unique two-part episode, Kim and Shane start by interviewing Charles about his exceptional trading journey. Then, Kim and Charles head over to a live Twitter Space q+a session. Here’s what to expect:
Not only will you learn about Charles’ recovery from a staggering drawdown that deleted about 85% of his net worth, but so much more, including:
The incredible reaction to “A Trader’s Journey.” There’s a perception that certain traders are successful and just make money but it’s not the case. The fact that Charles was willing to speak openly about his frailties makes his story exceptional — and it has clearly resonated with viewers.
How Brené Brown’s famed talks on vulnerability and shame inspired Charles to share his story and helped get him get to the root of why he had such a big drawdown. As he describes it, “I knew that I was out of control but I just could not get out of my way.”
When your vision of yourself doesn’t match reality and you feel unworthy, it’s a problem for your trading. As Charles notes, there are two potential outcomes: either you fix your psychology or you sabotage your success to bring it in line with how you really feel inside. Ultimately, the difference between people who have a sense of worthiness and those who don’t boils down to believing that they deserve it, that they are entitled to it.
How Charles came to grips with a massive drawdown that blew out 85% of his net worth. He explains what helped him recover and how much of a break he needed to get his mindset back.
The right thing to do when you’re on a losing streak is to take a step back, stop trading altogether, and figure out what’s going on. When you come back to the market, go really slow.
Charles talks about how he thought it would be 5 or 10 years to come back from his big losses but it actually took less than 2 years. A big part of that was his biggest winner — Tesla. Charles talks strategy — learn why he treats this stock differently, and why its performance reminds him of Apple.
Nathan Michaud’s Day Trading Mindset and Community
Nathan Michaud is a legend in the day trading community. After starting to trade in 2003 while in college, he began the Investors Live blog in 2004 to combat one of his own flaws — overtrading. By 2006, the site started to gain more attention, and he began to take interest in creating a subscription-based model that not only would help new traders learn to profit consistently, but focus on creating a room that kept out the noise, felt like a community and shared one common goal: to profit.
In 2008, he founded Investors Underground, which has become the foremost premium, subscription-based, live trading chat room on the internet. Investors Underground is focused on helping traders become self-sufficient by providing them with top-notch educational materials including trading courses, trade recap videos, and webinars as well as a thriving chat community. Nathan is also one of the founding members of Traders4ACause. Today, Nathan has hundreds of thousands of followers from around the world and is considered a leader in the day trading community. Here’s what you’ll discover in this action-packed episode:
What To Expect in This Episode
In this unique two-part episode, Kim starts by interviewing Nathan about his incredible journey from college trader to founder of one of the world’s premier day trading communities. Don’t miss the chance to learn from Nathan’s hard-earned knowledge, which speaks to traders and investors at all levels. Here’s what to expect:
Why success doesn’t necessarily equal happiness for traders … and the dangers of having a fixed attitude toward what “success” means.
The benefits of being “lost” — and how a little soul-searching can actually be good for traders. to do soul searching.
How overtrading led to Nathan’s calling. He talks about how his blog evolved from creating a sense of accountability for himself to a community for traders.
The importance of having a plan. According to Nathan, “You can’t just show up. You have to have a big-picture view.”
The importance of having a great team and community. He speaks to the inner workings of his business and how it relies on passion as much as knowledge. Nathan also speaks to why it’s so crucial for traders to have a community.
How he helped develop Traders4ACause and how it’s turned into a huge force in the trading community that helps give traders purpose.
Why he cares more about creating great content than grabbing as many subscribers as he can.
What traders need to know about mindset, including the importance of being in the zone, how to know when you’re NOT in the zone, and the danger of the “I’ve got to trade” mindset.
Why traders shouldn’t just learn from their losses, but their wins as well. Nathan talks about how monitoring what works can help you push more in situations where it can help you continue to grow.
22:45 – Grant’s experience in the global markets and its effect on him
24:52 – Grant shares his most memorable interviews
29:05 – Over to the live recording from Twitter Spaces, where Grant addresses the state of the economy & more
Grant Williams’ Market and Mindset Wisdom
Grant Williams has spent 35 years in finance in a variety of global financial centers, building the kind of network and career that people only dream of. Perhaps you know him as the author and publisher of the wildly popular newsletter “Things That Make You Go Hmmm…” or as the host of the “The Grant Williams Podcast.” Or maybe you know him from his twin Real Vision interview series, “In Conversation With…” and “On the Road,” or perhaps his new series of video conversations, “About Time,” which continues that legacy.
He also acts as senior advisor to Matterhorn Asset Management AG in Switzerland and strategy advisor to Vulpes Investment Management in Singapore.
No matter how you cut it, Grant Williams is an expert in his field, and he has a LOT to say about the market, mindset, and the incredible power of curiosity.
Grant is known for his interviewing skills — today, Kim turns the tables and puts Grant in the hot seat. Here’s what you’ll discover in this action-packed episode:
What To Expect in This Episode
In this unique two-part episode, Kim starts by interviewing Grant about his incredible journey through the world of finance and the lessons he’s learned. As Grant puts it, “there are some things you can be taught and others you can only learn.” You don’t want to miss learning from his hard-won knowledge — it speaks to traders and investors at all levels, from newbies to veteran pros. Here are just a few highlights:
Grant believes that as traders and investors, “the first duty we all have is to not suffer big losses.” That being said, this bear market is different. Grant offers plenty of sage advice to help traders approach the current market, and shares why even experienced traders are struggling. Plus, learn why the “Just wait til it gets back to even” mindset is very dangerous thinking.
Speaking of mindset, Grant talks about his personal mindset tricks. Early on his his career, he experienced the 1987 trading crash. He was “standing around in a daze wondering what happened.” That experience taught him viscerally that crashes can happen. He explains the “problematic” side of a market like we experienced in 2020, and how “repetition and recognizing situations, recognizing how you are reacting to certain things that are happening to you” is key if you want to keep growing.
If you don’t make the same mistake twice, then every mistake is perfectly acceptable. Trading it takes more than once for those lessons to be learned and that’s OK as long as you avoid that catastrophic loss.
A frank and detailed discussion about recent crypto losses, the nature of bear markets, and the importance of having the courage to lose money.
The “impossible” question of how long the bear market will last and why there could be a shift from intangibles to “real value.”
Grant’s podcast has over a million downloads — after you experience this explosive interview, it’s not hard to see why. Be sure to listen to the entire interview to learn from this market master!
21:00 – Over to the Twitter Spaces live recording!
Tom Canfield’s Guide to Mindset, Self-Awareness, & Trading in An Ugly Market
Tom Canfield is considered a legend in the trading world. But it’s not just because he’s smart about choosing stocks. It’s because he’s got an incredible mindset that every trader can learn from. Kim’s not afraid to dig deep — and Tom is willing to share his experience with traders in this no-holds-barred interview.
Tom’s high level of self-awareness has been hard-won. While he figured out the mechanics of trading fairly early on, the process of understanding the power of mindset and using it to his advantage has been a career-long practice. Traders at all levels can learn from his experiences, from finding success in a downward-trending market to lessons learned from a staggering six-figure loss.
What To Expect in This Episode
In this unique two-part episode, Kim starts by interviewing Tom about his journey of self-awareness in the stock market. You don’t want to miss his discussion of the “village of idiots” that live in every trader’s head — and how he’s learned to live with them and find success in the stock market and in life. Next, join Kim and Tom for a change in venue! They progress from the interview to a live recording of their Twitter Spaces open-forum chat where traders brought their mindset questions to the table.
Prepare to laugh — and to learn. Traders, you don’t want to miss this veritable minefield of mindset gems! Learn why Tom says that “Trading is like a mirror that is going to show you all of the dysfunction that you don’t think you have” … and so, so much more!
Tom Canfield
Tom Canfield, AKA “Canny,” has an undergraduate degree in Mathematics and an MBA from Vanderbilt University. After working on Wall Street for two years, he switched gears and started a chain of restaurants.
After a few years in the restaurant industry, Tom began to trade stocks in 1997 because he wanted more time with his family. As he wound down the restaurant business, he built up his trading skills and became a full-time trader by 1999. For him, trading is an expression of love for his family that has allowed him to be actively involved in his childrens’ lives and enjoy life on his own terms. He credits his wife, Mrs. Canny, AKA “Weezie,” as being foundational to his success by wearing many hats — best friend, therapist, anger management guru, and the most patient and loving woman alive.
Now, Tom has expanded into the trading education space with his newsletter/ video service called: BeDumbFollowPrice.com, where members get a weekly “brain dump,” market videos, a private Live Feed, and Q+A sessions.
