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Tips for young traders in their 20s and 30s #219

Tips for young traders in their 20s and 30s #219

FromTraders Improved Trading Podcast


Tips for young traders in their 20s and 30s #219

FromTraders Improved Trading Podcast

ratings:
Length:
20 minutes
Released:
Jun 27, 2023
Format:
Podcast episode

Description

Now that I am approaching 40, I asked myself what I would tell my 20 year old self that wanted to get into trading. 
In this podcast, I share my thoughts and provide some practical tips for young traders.
 
Timestamps from the episode:
0:00 Start
0:22 You have time
1:46 Play the long game
4:06 Realistic expectations
5:50 Are you a day trader or a swing trader
8:07 Good habits, backtesting, journaling
10:09 Demo trading
11:15 Position size
12:58 Get an education
15:04 You can have a part-time job
16:45 It takes money to make money
17:45 Admit when trading is not for you
 
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My newest trading program is now open for enrollment. The Tradecademy includes a brand new trading course with over 80 videos., a private community, direct mentoring from me (Rolf), live webinars and other perks:
► https://tradeciety.com/academy
 
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Edgewonk trading journal:
► https://www.edgewonk.com  *** use discount code: tradeciety ***
 
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► Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/ 
Disclaimer: The experience reports and comments constitute the personal experiences of our users. These are individual results that do not permit conclusions to be drawn about future developments. In particular, we make no claim that these are typical results that can be achieved by our users on a regular basis. Tradeciety can neither predict nor guarantee the occurrence of certain developments or the achievement of profits, nor will it do so.
Results may not be typical and may vary from person to person. There are inherent risks involved with investing and trading, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk.
Released:
Jun 27, 2023
Format:
Podcast episode

Titles in the series (100)

Rolf and Moritz have a combined trading experience of over 22 years. 6 years ago, they founded Tradeciety.com and Edgewonk.com where they‘re helping traders improve and find their edge. In our Traders Improved podcast, we provide actionable tips for traders from our own experiences or from what we have learned mentoring traders for the past 6 years