Every Trader Has An Unfair Advantage!

In episode 157 of the Desire To Trade Podcast, I interview Tim Racette, a successful day and swing trader behind the blog EminiMind. Tim is also on a different podcast which I used to listen to before starting my podcast.

He shares his story as a successful trader and highlights several important lessons about success in the field of full-time trading. We talk about goals, challenges, going to full-time trading when you have a full-time job, how to combine the two and a lot, lot, lot more.

Watch the video interview here.

Topics Covered In This Episode

• What Tim Racette does, who he is, and a bit of background about him
• Why and how Tim Racette started trading
• Tim Racette’s mentors
• Strategies that Tim Racette used in the trading pits
• How Tim Racette evolved to trading on his own even with an unfair advantage
• Tim Racette’s trading style and being comfortable with the idea of being different
• Things Tim Racette had to do to go full-time trading for himself
• If day trading was a necessity to trade full-time
• Things that Tim Racette sees in people that they get wrong
• The feeling of “going too fast” in the process of trading full-time and what to do about it
• How traders should set goals at the beginning of the year
• Starting with something basic and then tweaking it
• Personalities outside trading that can help you become a better trader
• Failing in business but what you should do after and keep trying again
• Creating multiple streams of income as a trader
• The schedule or regimen Tim Racette follows
• Things or behaviors that people need to work on and adapt to become great traders
• Goals Tim Racette has for the future
• Doing back-testing and forward-testing for his ideas
• One piece of advice or one action step people should take to become better traders

Resources Mentioned

• SPONSORED: Shoot an email to Jerremy Newsome
• Goal Setting Ideas for Traders
• Tim Ferriss and The 4-Hour Workweek
• Jim Collins

DesireToTRADE Top Resources

• Desire To TRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist (free checklist!)
• One-Page Trading Plan (free template!)
• DesireToTRADE Academy (exclusive training program)

 How To Find Tim Racette?

• Eminimind.com
• Twitter: @EminiMind
• Facebook: EminiMind
• Email Tim directly

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!