The #1 Reason You Still Lose Money Trading

In episode 380 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Michael Toma where he talks about the #1 reason traders still lose money trading. He teaches an important assessment every trader must do for long-term success in trading.

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Watch the video replay here

Topics Covered In This Episode

• [0:16] Introduction
• [01:06] Introduction to S.W.O.T. Assessment
• [01:50] Applying S.W.O.T. assessment in trading
• [03:20] Opportunities and Threats in S.W.o.T. analysis
• [06:53] Motivation, strengths, weaknesses, and self-improvement
• [07:53] What comes after the assessment?
• [09:18] How often do you review your assessment?
• [10:25] Michael Toma's advice on becoming a better trader
• [11:46] The importance of having a team
• [17:50] Michael's advice for 2023
• [18:18] Don't forget to download the template!
• and much more

What is one thing you are going to implement after listening to this podcast? Leave a comment below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy

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• Desire To Trade
• Join our Ultimate Prop Firm Trading program

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!