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.
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.
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 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 76: The Contrarian Trading Style of “Unknown Market Wizard” Jason Shapiro
Ep 76: The Contrarian Trading Style of “Unknown Market Wizard” Jason Shapiro
0:30 – Fan of the pod? Please subscribe + leave a review! Plus,
how to access Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com
1:00 – Intro to Jason Shapiro
2:10 – Jason talks about his time in a Burmese Monastery
11:05 – On having a contrarian personality
28:37 – To Twitter Space!
32:32 – His community of traders
44:04 – On unbiased trading
51:30 – Remembering how reading the book Market Wizards affected him
1:10:02 – Jason’s take on the SVB collapse
1:11:58 – Jason’s mediation practice
With 30 years of trading experience, Jason’s most recent years include a “contrarian style” approach that has zero correlation with any other trading strategy in the market. This approach has resulted in zero losing years over the past two decades. Featured in Jack Schwager’s latest book, Unknown Market Wizards, Jason Shapiro was The Contrarian referenced in Chapter Two.
Jason owns and manages a successful Commodity Trading Advisor (CTA) business called Crowded Market Report.
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 75: Brian Shannon on Maximum Gains With Anchored VWAP
Ep 75: Brian Shannon on Maximum Gains with Anchored VWAP
Interested in having a better perspective on the market?
In this interview with The Wall Street Coach Podcast host Kim Ann Curtin and guest co-host Shane Dorian, Brian Shannon, CMT discusses the history and practical uses of Anchored VWAP– including as part of a strategy to deal with FOMO.
New and seasoned traders won’t want to miss this episode!
Anchored VWAP – it’s not for everyone, but for those who understand how to use it as a tool, it definitely gives an advantage. For Brian, it’s how he came to better understand the market and his relationship to it.
About Brian Shannon, CMT
Author Brian Shannon is a stock market analyst and trader professional with over three decades of experience. He founded Alphatrends, Alphatrends.net, an online community dedicated to market analysis and education for swing traders.
He has taught tens of thousands to become better traders with his highly acclaimed book, Technical Analysis Using Multiple Timeframes. His newest book, Maximum Trading Gains with Anchored VWAP: The Perfect Combination of Price, Time & Volume, is the #1 Investment Analysis & Strategy book on Amazon and continues to sell out.
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
Episode 57: Andres Armienta’s Journey From Pre-Med to Pro Trader
0:30 – Kim’s FREE ebook “Discipline and Finding Your Edge”
0:59 – Introducing Andres Armienta 2:40 – Getting comfortable with discomfort 4:18 – From pre-med to pro trader 6:55 – Andres’ non-negotiables in trading 9:20 – Navigating resistance with family and friends 12:23 – Networking to speed up your learning curve 16:39 – Making the most of available resources 18:00 – Andres’ biggest challenges when getting started — and now 21:40 – When is it time to adapt? 23:55 – The problem with “no days off” in trading 27:55 – Curiosity and noticing: elements of trading success 31:46 – What does trading have to do with surfing? 33:50 – Advice to traders in the volatile 2022 market 37:49 – Trading as a long-term commitment
38:55 – What do sports and discipline have to do with trading? 42:35 – Andres’ final words and a message to traders 44:08 – Work with Kim!
Andres Armienta’s Journey From Pre-Med to Pro Trader
When Andres Armienta started trading about four years ago, he was a was a pre-med student at UC Davis. Eventually, he thought he’d become a surgeon. But he couldn’t ignore his passion for the market — and despite being on a solid path, he decided to give his all to trading.
Now, at just 26, his hard work has paid off. He’s found success in the market, mainly as a short seller who focuses on small-cap intraday runners, gappers, and multi-day runs. He’ll go long occasionally, but short-selling is where he got started and initially found success, and that’s the craft he continues to hone.
Andres may be young in years, but he’s an old soul. Traders at every level can learn a thing or two from him! Here’s what you’ll learn in the episode:
What’s Non-Negotiable
A lot of people get into trading because they see other traders having success. But those who stay are constantly growing, adapting, and learning and committed to becoming better. Andres speaks to why “You can’t get through this game without giving it your all.”
Finding Your Community
Andres left a pre-med program to pursue full-time trading. To some, it seemed like he was “giving it all up” to trade — there was a lot of pushback. It was a very difficult decision. Learn how self-belief and support from the trading community helped him make the move. Andres also offers tips for finding your own “band of brothers” in the trading world and the right way to network.
His Biggest Challenges
In trading, you don’t need to be right to be successful. Instead, it’s all about letting your winners run and cutting losses quickly. That’s simple, but not easy! Your ego will be smashed over and over — Andres talks about key moments that helped him stay in the game and how he’s adapted to the 2022 market, which is way different from the past few years!
Emotions and Trading
It’s not about controlling your emotions — it’s about noticing them. As Andres observes, simply noticing allows you to act instead of react. Plus, learn how literal surfing has helped him surf his emotions while trading!
For Andres, trading is a long-tail commitment. It isn’t a drive-by. He wants to be here for 20-30 years or even longer. This informs his perspective — listen and learn from all the gems he drops in this episode!
