Full-Time Trader Secrets To Making A Living Trading
In episode 480 of the Desire To Trade Podcast, we will be listening to the recording of an interview with elite trader Erik Smolinski to discuss full-time trader secrets to making a living trading. Learn the significance of embracing the less glamorous aspects of trading, such as logging trades and analyzing performance, to achieve long-term success.
The video is also available for you to watch on YouTube.
Topics Covered In This Episode
- [00:00] Introduction
- [00:46] Erik’s journey from student to trader
- [03:20] Overcoming financial constraints
- [04:26] Changing his mindset about risk
- [08:05] The importance of organization in building a trading strategy
- [10:27] Keeping track of data
- [12:13] Erik’s trading style
- [16:25] Setting realistic goals for consistent returns
- [20:45] Outperforming the market
- [22:09] Three ways to limit portfolio drawdown
- [26:47] Three common mistakes traders make
- [31:56] Embracing the unsexy work of trading
- [33:48] Where to find Erik Smolinski (link below)
- and much more
What did you like best in this podcast episode? Let's talk in the comments 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:
- Desire To TRADE Academy
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How to find Erik Smolinski
- outliertrading.io
- YouTube: Outlier Trading
What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!
