How much money do day traders really make? How much do Forex, stocks, futures and options traders make in a day? Learn more in this podcast episode. I'm often asked, what is the average income of a day trader and what is the day trading success rate. Listen to this episode of the Top Dog Trading Podcast for a realistic answer. Enjoy! Get One of my Favorite Trade Strategies for Free: “The Rubber Band Trade.” Today you’re going to get 2 Freebies: #1. Get one of my favorite Top Dog Trading strategi...
May 20, 2020•9 min
Many traders ask "How Can I Be Disciplined in Trading?" They struggle with the discipline of keeping their rules in trading psychology in Forex, futures and day trading stocks. This episode will help your trading psychology with a very specific tool. Enjoy! Get One of my Favorite Trade Strategies for Free: “The Rubber Band Trade.” Today you’re going to get 2 Freebies: #1. Get one of my favorite trade strategies called “The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a sim...
Apr 13, 2020•15 min
Do you know the Counter-Intuitive Way to Make Money Trading? This episode will give it to you! Enjoy! Get One of my Favorite Trade Strategies for Free: “The Rubber Band Trade.” Today you’re going to get 2 Freebies: #1. Get one of my favorite trade strategies called “The Rubber Band Trade” which has an extremely high win/loss ratio. It’s a simple trade you can learn in about 26 short minutes. Get my Rubber Band Trade Strategy absolutely free by simply going to: https://www.topdogtrading.com/rubbe...
Apr 10, 2020•10 min
Learning Overbought and Oversold signals for day trading and swing trading with oscillator indicators is a common teaching in technical analysis. They can work with the stock market, Forex, futures, e-minis, or most anything where you can plot price action on a chart. There are actually 3 types of overbought/oversold signals, but only one of them is significant for trading in today's markets. This episode tells you which one! Enjoy! Get One of my Favorite Trade Strategies for Free: “The Rubber B...
Jun 29, 2019•10 min
Can day trading be profitable? Can it even make you rich, or will it make you broke? The same could be asked for swing trading in any market, whether it's Forex, the stock market, E-minis or futures. Today I answer a question from a frustrated trader who has been trying (unsuccessfully) to be profitable for 10 years! Enjoy! Get One of my Favorite Trade Strategies for Free: “The Rubber Band Trade.” Today you’re going to get 2 Freebies: #1. Get one of my favorite trade strategies called “The Rubbe...
Feb 02, 2019•23 min
This is part 2 of an episode that was recorded as a "flow of consciousness" on my mobile phone while driving home from an event that brought up a lot of thoughts. As you listen to the ideas about money and prosperity I put forth, use this as an exercise, actually a "mirror," to your observe the reactions in your mind. This can provide you with an insight to your own prosperity mentality. Enjoy! Get One of my Favorite Trade Strategies for Free: “The Rubber Band Trade.” Today you’re going to get 2...
Dec 27, 2018•27 min
Today's episode was recorded as a "flow of consciousness" on my mobile phone while driving home from an event that brought up a lot of thoughts. As you listen to the ideas about money and prosperity I put forth, use this as an exercise, actually a "mirror," to your observe the reactions in your mind. This can provide you with an insight to your own prosperity mentality. Enjoy! Get One of my Favorite Trade Strategies for Free: “The Rubber Band Trade.” Today you’re going to get 2 Freebies: #1. Get...
Dec 21, 2018•22 min
3 places your orders can reside: Your computer Your broker’s server At the exchange Some advantages/disadvantages of each: Your computer: Good: protect you from trading blind if your computer or internet service goes down for day traders. Bad: slower fill Your broker’s server: Good: Faster than on your computer. You’ll get you filled even if your computer or internet connection goes down. But that may be good or bad! May want this if you’re a swing trader. May not want this if you’re a day trade...
Nov 20, 2018•18 min
Can market makers see where you place your orders so they can "run your stops?" The specifics will vary depending on whether you’re trading stocks, futures, Spot Forex or Options. Not only human market makers, but also, and perhaps more importantly, market making algorithms that are programmed to run stops. It's not most accurate to think of them running stops, but rather seeking liquidity. Yes, they may see them if they show up in the order book. One temptation is to work without stops. Another...
Nov 14, 2018•12 min
This is the part 2 of a long discussion I had with David about his new journey into day trading the stock market. It became a very organic and spontaneous discussion with many unexpected turns including: How techniques for attracting women apply to trading. How an individual’s unique personal history influences their trading success or failure. What you can learn from Bill Belichick about trading stocks. … in fact we ended up talking quite a bit about football (American football that is). In thi...
Nov 10, 2018•39 min
David Wygant is a life and relationships coach who reaches over 1.7 million people every month. Recently he set out to master the profession of day trading the stock market. In this episode I talk to David about his new journey and it was a fascinating discussion. It became a very organic and spontaneous discussion with many unexpected turns including: How techniques for attracting women apply to trading. How an individual's unique personal history influences their trading success or failure. Wh...
Oct 30, 2018•45 min
Rande Howell Interview: Mastering Trading Psychology This interview with Rande Howell from "My Trader's State of Mind" is one of the most insightful and interesting I've ever heard about trading psychology. Rande Howell, Trader Psychologist, has more than 15 years of practice as a licensed therapist and performance psychology coach. His work centers on how to break the fear-based, self limiting patterns to which the brain adapts us for survival and how to reorganize the self to a higher level of...
Sep 09, 2018•1 hr
WHAT'S THE BEST TIME INTERVAL FOR DAY TRADING? THE 5 RULES: The size of your trading account. Can’t risk more than 2% of your trading account on any one given trade. This is from entry to protective stop. If holding overnight, then is risk of your hedge. Keep going smaller in time interval, and find what the risk is on 80% of those trades and if it’s more than 2%, then you have to go to a shorter time interval. Avoid the noise. Make sure your patterns and trade setups are happening consistently ...
Jul 28, 2018•20 min
The other day, I was asked “How can a little guy like me make money in the markets? Is it even possible?” I understand the question. In a world where power is controlled by: Big government. Big business. Where big money talks and can even buy you justice in the courtroom. It can be hard to believe that people like you and me stand a chance. People root for underdog. David vs. Golliath. Mom and Pop shop vs. Walmart. Rocky Balboa vs. Apollo Creed. In trading perhaps the Institutions vs. the Retail...
Jun 05, 2018•21 min
The Market Took All My Money! Successful Trading is in Your Control - Learn How Now. "Extreme Ownership" is the opposite of entitlement. Take control. Being in control requires responsibility, so many of us prefer to say that things are outside of our control. Examples of: Scam alert websites. Ripoff report websites. No, your'e not a victim – you participated. You may have been drawn in by a “sounds too good to be true” offer you wanted to believe, even though you already knew, "if it’s too good...
May 03, 2018•23 min
Trading is a business of probability. Every trader will take losses, so we need to use protective stops. Many traders take profits quickly but hold on to losing trades - it's human nature. We take profits because it feels good, and we try to hide from the pain of losses. 3 BAD TYPES OF PROTECTIVE STOPS: Above/below support/resistance. This can be previous highs/lows, pivot levels, Fibonacci, etc. Too obvious: Stop running. S/R aren’t lines but zones. Percentage move against entry. Meaningless wi...
Apr 12, 2018•16 min
Many say there’s no such thing as a leading indicator. They even take pride is saying they only use pure price action and volume. I’m not sure why they think that’s so impressive: They say that all indicators are lagging and that they only plot what’s already been done in the market … and that’s true. But that’s also true of price action. And that’s also true of volume. So what is the leading indicator and why is it a leading indicator of what the market is likely to do in the future? The answer...
Mar 06, 2018•19 min
Improving your trading with a New Year's Resolutions, or any other time! Marcus Lemonis, star of CNBC's "The Profit," doesn't wait until the beginning of the year to make resolutions: "I don't know that I make specifically New Year's resolutions. I think I typically make a new resolution when something bad happens or I have a failure or something doesn't go the way I think it should," "I almost have this reset and I don't use the calendar year as a time to do that. I use a mistake that I've made...
Feb 18, 2018•24 min
Which is better? Day trading or swing trading? Each has advantages and disadvantages. Here's a comparison chart to help you decide which may be a better fit for you: DAY TRADING DEFINITION: In and out during open outcry hours. Use intraday charts. SWING TRADING DEFINITION Hold 2-14 days. Use daily and weekly charts. DAY TRADING ADVANTAGES: No overnight risk. Overnight you have peace of mind. Can compound your money faster. DAY TRADING DISADVANTAGES: Requires a good attention span. May need a lar...
Dec 27, 2017•22 min
In today's episode I interview my friend Fausto Pugliese from CyberTradingUniversity.com Fausto Pugliese was one of the original Day Traders of the early 1990s and one of the first independent traders to take advantage of the Direct Access Trading technology boom in 1987. He acquired a wealth of knowledge from years of hands-on experience, beginning in the trenches, working side by side with some of the most practiced and successful traders in the industry. After spending considerable time maste...
Dec 20, 2017•40 min
When learning a new trading method, stick to it exclusively without adding anything else you’ve previously learned. I see this when students send me their charts and there’s lots of other stuff on the charts. Therefore they are not trading my method. They’ve created their own hybrid method and I haven’t tested that. Educated Amateurs Step one is to “unlearn” Beliefs in mind:a. Trade in direction of trend of the longer time frame. b. Overbought and oversold. c. Trend is higher highs and higher lo...
Dec 13, 2017•21 min
Is Bitcoin the Next Big Thing? CLICK HERE FOR THE FREE BITCOIN SPECIAL OFFER In the last episode I invited you to write me with your questions and the #1 question that came in was about cryptocurrencies. When you think of cryptocurrencies, most people think of Bitcoin. But there are 1,000s. I’d say 95% of them are ripoffs, or at least junk. Ethereum and Litecoin and a handful of others may have some future, but the big daddy is Bitcoin and that’s what the world is rallying around. I wasn't an ea...
Dec 02, 2017•15 min
TECHNICAL ANALYSIS HERESY OF THE DAY: Don't trade in the direction of the trend of the higher time frame. What do I mean by multiple time frames? The traditional teaching. Why that isn’t “optimal” Why you could get away with it in the past. Why you can’t get away with it now. My “heretical” teaching. Use momentum instead of trend on the higher time frame to confirm your trade on the lower time frame. Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These ...
Nov 26, 2017•20 min
In today's episode I interview long-time stock trading friend Ken Calhoun from "Trade Mastery." Ken day trades and swing trades, looking for stocks that are breaking out with strong moves. Ken Calhoun is the president of TradeMastery.com and StockTradingSuccess.com (with Steve Nison). Having provided online training to active traders from over 32 countries since 1999, he is an internationally published trader who’s earned industry acclaim for his professional trading systems. Mr. Calhoun has bee...
Nov 18, 2017•29 min
My very first guest to be interviewed on this podcast is Etienne Crete from "Desire to Trade." He swing trades the Forex market, watching 15 pairs on multiple time frames, with an emphasis on looking at significant support and resistance zones and Bollinger Bands. His initial interest in trading began as a university student and he shares with us the biggest lessons he learned during his 2 year journey to becoming a successful trader. Here are just a few of the things discussed in this episode: ...
Nov 11, 2017•37 min
Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that contains a pdf Speci...
Nov 03, 2017•21 min
Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that contains a pdf Speci...
Oct 28, 2017•22 min
Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that contains a pdf Speci...
Oct 24, 2017•27 min
Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They're also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that contains a pdf Speci...
Oct 21, 2017•21 min
Get my free gift for you, for FREE, Top Dog Trading’s “Top 10 Trading Rules for Success.” These are 10 things I changed in my trading to become successful over the last 50 years. They're also the top 10 things that have helped my students shift from move from losing money to making money. Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results.. It’s a mini-course that contains a pdf Speci...
Oct 20, 2017•20 min
