How To Trade It: Trader Insight from Profitable Traders
Casey Stubbs
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Hit & Run Candlesticks with Rick Saddler, Ep #102
• 44 minRick Saddler is the Owner and CEO of Hit and Run Candlesticks, and he understands that trading is not as simple as it sounds. There is a significant learning curve and numerous gurus to try to sell you the 'Holy Grail.' You must learn to become comfortable with taking small losses; it's the cost of doing business. In this episode of How To Trade It, Rick will drop some great trading nuggets to help you on your road to success. You don’t want to miss it! Subscribe to How To Trade It You’ll want to hear this episode if you are interested in… [06:48] Transitioning to full-time trading[17:42] Learning NOT to trade just because you have an account[35:49] Trading Rooms and other resourcesFull-Time Trading Traders are sometimes driven to full-time status because they are tired of having a boss. And while you won’t have a boss, you will often work harder than when you did have a boss, so it’s important to consider that before quitting your 9 to 5. You will spend a lot of time looking at charts, and honestly need to devote a considerable amount of time to education in general. Don’t Trade Simply Because You Have An Account When Rick decided to get serious about trading, there were a few things that he recognized. For starters, it wasn’t going to be easy, or fast. He learned to build a watch list and then let the trades come to him. You can’t trade, just for the sake of trading…or because you have six monitors! It’s important to find a system that works for you. Magic Indicators Guess what? They don’t exist! The “magic” happens when you learn how to use your indicators to make a profit. You need to look at price action, or find a specific strategy that will work for you. Ultimately, the “Holy Grail” in trading isn’t an indicator, it’s YOU! Resources & People Mentioned https://hitandruncandlesticks.com/mondays-with-rick/ (FREE resources from Rick)Doug Campbell - Options trading Connect with Rick Saddler Website: Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets. Support the showConnect with Casey: Website: https://caseystubbs.com YouTube: https://www.youtube.com/TradingStrategyGuides YouTube: https://www.youtube.com/caseystubbs Facebook: https://www.facebook.com/TradingStrategy LinkedIn: https://www.linkedin.com/in/caseystubbs Twitter: https://twitter.com/caseystubbs TradingStrategyGuides.com: https://www.tradingstrategyguides.com/ Global Prop Trader: https://globalproptrader.com/ Email: podcast@tradingstrategyguides.com
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