Trading Lessons and Trading Demons with Full Time Trader Tom Canfield

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  • เผยแพร่เมื่อ 30 ต.ค. 2024

ความคิดเห็น • 153

  • @TraderLion
    @TraderLion  4 หลายเดือนก่อน

    Access the presentations of all 27 experts from the 2022 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC22

  • @TraderLion
    @TraderLion  2 ปีที่แล้ว +51

    Every trader should watch this interview multiple times. Raw and Real stories about what it takes to become a full time trader.

    • @Karim.711
      @Karim.711 2 ปีที่แล้ว +5

      I agree but think everyone should listen to the whole conference. 10/10. Well done

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว +2

      @@Karim.711 Thank you!

    • @DoingJustThat
      @DoingJustThat 2 ปีที่แล้ว +2

      Fixing and fitting trades with market conditions, riding trends and taking stop loss when wrong. A good day: Only take a chunk of reliable moves

    • @bipolartrades
      @bipolartrades 2 ปีที่แล้ว

      Yes 100k from your dad

  • @paul1514
    @paul1514 2 ปีที่แล้ว +34

    love how brutally honest tom is. we need more of this from professional traders

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Thanks Paul!

    • @jonaskarlberg1855
      @jonaskarlberg1855 2 ปีที่แล้ว +1

      @@TraderLion Alarming thu that this business is so hard that pro s turn into teaching selling courses instead of trading.

  • @3lions9
    @3lions9 10 หลายเดือนก่อน +9

    THIS IS THE MOST REALIST, MOST HEART FELT, AND HELPFUL PODCAST IVE LISTENED TO IN A LONG TIME.. every trader should listen to this..

    • @TraderLion
      @TraderLion  10 หลายเดือนก่อน

      Yes 🙌

  • @julesboss79
    @julesboss79 2 ปีที่แล้ว +30

    Probably one of the best interview for me, its almost a relief to hear what he says. Thanks Richard for making this possible

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Thanks for watching!

  • @anyday82
    @anyday82 2 ปีที่แล้ว +12

    Tom - you're a true gem in the FinTwit world!! We appreciated the vulnerability and the tough journey back from the heartache you experienced. Just a stud of a trader all around. I'm a fan!!

  • @Best4unique
    @Best4unique 2 ปีที่แล้ว +13

    This is the realest interview on trading I’ve ever watched. I’m super thankful For this interview. I’m gonna still watch it again and again. It resonates with me. Thank you so much Tom and Richard.

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว +1

      Glad you enjoyed it!

  • @catchafishllc
    @catchafishllc 29 วันที่ผ่านมา +1

    WOW! One of your best interviews!!! Every one who has been trading for a year or more should see this. The real deal. Thanks for Tom being so raw and honest.

    • @TraderLion
      @TraderLion  28 วันที่ผ่านมา

      Thanks! Tom was excellent. Important lessons

  • @mtbrider8881
    @mtbrider8881 2 ปีที่แล้ว +13

    "It's not the system, is the human." Very powerful statement there

  • @TraderLion
    @TraderLion  2 ปีที่แล้ว +13

    Timestamps
    0:00 Institutional Trading Background
    4:40 Becoming Full Time Trader with 50k
    12:00 Trading is Personal and finding Balance
    22:50 Adapting CANSLIM
    28:30 Three Setups
    40:00 QLogic Mistake - Trade Outside of Tom's System
    51:30 Losing 500k
    54:00 Emotional Awareness
    1:06:20 Narrow your focus
    1:19:00 Avoid the Noise of Social Media
    1:32:20 Wanting More

  • @nufsed12
    @nufsed12 2 ปีที่แล้ว +8

    Wow! Wow! Wow! This was a spectacular presentation by Tom. I've been trading a long time and can identify with everything he was talking about. Such a powerful message about your emotions and he was so forthcoming, sincere and down to earth. I really held on his every word. Thank you so much TraderLion!

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว +1

      Thanks for watching!

  • @TInyK12
    @TInyK12 2 ปีที่แล้ว +2

    This is the transparency I’d like to hear from other traders. Nobody ever admits it like Tom. I’d want him as my mentor.

  • @ahmedelbadry2014
    @ahmedelbadry2014 2 ปีที่แล้ว +4

    This is the real world, that nobody talks about, very grateful for all your insights Tom.

  • @donniereidjr
    @donniereidjr 2 ปีที่แล้ว +4

    I actually like this guy! Tom is the best! He's real and he keeps it 100!
    Thanks Lion for having him on your show!

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      It was our pleasure!

  • @azizulhaque5041
    @azizulhaque5041 2 ปีที่แล้ว +1

    This interview with Tom was the best find!! Tom is a real human being with all the real human emotions! Appreciate Tom very much! A big hug for him. Thanks to Richard for finding such a gem!

  • @jotapits
    @jotapits 2 ปีที่แล้ว +4

    Wow I came here for the trading and ended up with a while lot more... Thanks for opening up Tom, greetings from Colombia.

  • @gemueseackerlongonly
    @gemueseackerlongonly ปีที่แล้ว +1

    no sugar coating from this guy, just the reality...very very good content. thanks a lot!

  • @rashmijha491
    @rashmijha491 ปีที่แล้ว

    one of the best human MR Tom, I have come across beyond a great investor . All strength to you and what you have achieved not only for yourself but for your family also.

  • @jgambie3196
    @jgambie3196 2 ปีที่แล้ว +7

    Incredible interview, so relatable

  • @sameerbhatia451
    @sameerbhatia451 2 ปีที่แล้ว

    This honesty in the interview is brutal. Thanks Tom for being so candid. Just grateful to hear someone who acts and sounds human. Great Job Richard.

  • @jeetmankikar
    @jeetmankikar 2 ปีที่แล้ว +2

    Thank you for conducting this interview Richard, this one hit home too deeply!

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว +1

      Thanks for watching!

  • @WAMLD7
    @WAMLD7 2 ปีที่แล้ว +6

    Get very real at 47:00
    Thanks for sharing Tom, amazing comeback👍

  • @Alem_Mehari
    @Alem_Mehari 8 หลายเดือนก่อน +1

    The realest interview I’ve ever come across. What a great guy!

    • @TraderLion
      @TraderLion  8 หลายเดือนก่อน

      Yes! The walkthrough of his loses is very important

  • @JR-eq6jz
    @JR-eq6jz 2 ปีที่แล้ว +2

    Thank you for sharing Richard. This is the most important and real interview I have ever seen in my ten years as a trader. And I have seen a lot of great interviews. Incredible reality shared by Tom here that any new trader or experienced should see.

  • @timharmoni1846
    @timharmoni1846 ปีที่แล้ว

    This is one of the best interviews about trading I've seen. Cheers to you both, especially Tom, for being so honest and open.

    • @TraderLion
      @TraderLion  ปีที่แล้ว

      Thanks Tim!

    • @timharmoni1846
      @timharmoni1846 ปีที่แล้ว

      @@TraderLion So many nuggets of gold that I listened to it twice......

  • @JESS-CH
    @JESS-CH 6 หลายเดือนก่อน

    One of *THE* best trading interviews I've ever listened to. 🔥

    • @TraderLion
      @TraderLion  6 หลายเดือนก่อน +1

      Wow, thanks!

  • @reinvesting88
    @reinvesting88 ปีที่แล้ว

    Tom is the kind is the person of what you see, is what you get. Thanks for all your honesty, vey inspiring story.

  • @ramtalkit7032
    @ramtalkit7032 ปีที่แล้ว

    By far the best video talking about the emotional aspect of trading. Only someone who has traded consistently will understand the trials and tribulations that us traders go through! Thanks Tom sharing your experience.

  • @buituan2404
    @buituan2404 2 ปีที่แล้ว +1

    This video made me cry. it is my picture. Thank you for sharing Tom and thank you so much @traderlion!

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Glad you enjoyed it!

  • @marckriss7242
    @marckriss7242 2 ปีที่แล้ว +1

    really great stuff, so many powerful takeaways. def gonna reach out to Tom

  • @CG-vi6yk
    @CG-vi6yk ปีที่แล้ว +1

    Fantastic video. Thank you Tom. Very much appreciated. Greetings from Germany

    • @TraderLion
      @TraderLion  ปีที่แล้ว

      Glad you enjoyed it!

  • @salarmolaie15
    @salarmolaie15 ปีที่แล้ว +1

    Thank you Richard voor this interview. Tom is a very honest man!

    • @TraderLion
      @TraderLion  ปีที่แล้ว

      Indeed, Tom's honesty is refreshing! We appreciate you watching and sharing your thoughts. Stay tuned for more! 😊🎙️

  • @bccdddeef
    @bccdddeef 2 ปีที่แล้ว +2

    Thanks for your candor Tom! Huge respect to you for your bravery in sharing failures. This is exactly what I needed to hear today.

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Glad it was helpful!

  • @CigRacing
    @CigRacing 2 ปีที่แล้ว +1

    Amazingly helpful, thanks Richard, thanks Tom!

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Glad it was helpful!

  • @viperfootballandfitness5787
    @viperfootballandfitness5787 2 ปีที่แล้ว

    Great interview,one of the best i've seen so far.Thanks for being so real Tom.

  • @rifqonkhairazi1797
    @rifqonkhairazi1797 2 ปีที่แล้ว +1

    Huge respect for Tom, bringing tons of insight! Also, thank you Richard for sharing the conversation.

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Thanks for watching!

  • @Sandberm
    @Sandberm 8 หลายเดือนก่อน

    Wow. This was what I needed. I can relate to this guy so much in regards to emotions and keeping control of them. The "why did I do that" question is something I ask myself too often. Thanks for the interview Richard.

    • @TraderLion
      @TraderLion  8 หลายเดือนก่อน

      Glad it was helpful!

  • @trentbrady8829
    @trentbrady8829 2 ปีที่แล้ว +2

    Legend nice bloke coughing up the hard life of a trader good to see his human, glad to see he bounced back to tell a great story
    God bless 👍

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Thanks for watching!

  • @faisalsahmed
    @faisalsahmed 4 หลายเดือนก่อน

    a great PODCAST for every trader...thank you

    • @TraderLion
      @TraderLion  4 หลายเดือนก่อน

      Agreed! Tom didn't have to be this honest. Glad we he was. This is the reality of trading!

  • @CRAIGD725
    @CRAIGD725 2 ปีที่แล้ว +1

    Love all your interviews, this is by far my favorite! Big thanks to both of you!

  • @hasantao
    @hasantao ปีที่แล้ว +1

    This was such a great interview. Tom is such a great trader. I resonate with a lot of things he said. I myself made the mistake of having a very big pisition and lost quite a bit of money. This thought me to always start small and add and sell along the way with predetermined stop loss.

    • @TraderLion
      @TraderLion  ปีที่แล้ว

      Glad to hear Tom's insights resonated with you, Hasan. Here's to learning and improving in your trading journey! Thanks for watching.

  • @clarenceturner5088
    @clarenceturner5088 ปีที่แล้ว +1

    This is a psychological thriller this guy is speaking the trader's truth he is giving away gold,diamond's and gem stone's.He is the real deal this is psychology at it's best and I'm not talking about making money.He is getting into the nut's and bolt's of how mind work's,great interview Rich thank's.

  • @yinshah3303
    @yinshah3303 ปีที่แล้ว +1

    Best interview I think I found my mentor. How can I learn from him? Awesome insight and love his style and delivery.

    • @TraderLion
      @TraderLion  ปีที่แล้ว

      Glad you enjoyed it!

  • @richardgray8680
    @richardgray8680 ปีที่แล้ว +1

    Great interview! Had me emotional, because we all have been there....

  • @LeftSideCapital
    @LeftSideCapital 9 หลายเดือนก่อน

    Holy moly! I thought I was the only one who traded like this!! I call it intermediate time frame trading

  • @ericson4534
    @ericson4534 2 ปีที่แล้ว +1

    Thank you Richard and Tom :)

  • @alsonmelvin2226
    @alsonmelvin2226 2 ปีที่แล้ว +2

    This is absolutely amazing! A lot of lessons to learn. Thanks

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Glad it was helpful!

  • @madewirya8437
    @madewirya8437 2 ปีที่แล้ว

    for me, probably it is the best interview from the psychology side, from the perspective ... that beside act as a trader we are also no more than a "basic common" human .... thanks a lot to TL's team. 🙏🙏👍👍

  • @dirkdarwin2571
    @dirkdarwin2571 ปีที่แล้ว

    So right about avoiding the 'noise' of social media and constant stock market chat. It distracts, induces unnecessary fear and FOMO, confuses, creates bias. It's useful for the odd list of leaders, but apart from that, it's toxic to a successful trading mentality.

  • @tommyc120
    @tommyc120 2 ปีที่แล้ว +1

    This is a great interview, thank you Tom and Richard.

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Glad you enjoyed it!

  • @seek3n
    @seek3n 2 ปีที่แล้ว +1

    I asked a question earlier but I deleted. Cuz I realize Richard already gave me all the information I need. And I want it on a silver platter lol. I need to watch all your videos and pick it out myself for long term success 🙌 thank you for all your time and effort

  • @heinz20
    @heinz20 6 หลายเดือนก่อน

    Great interview - really like the focus on the challenges of being dependent on trading for your full time income.

    • @TraderLion
      @TraderLion  4 หลายเดือนก่อน

      This was one of our favorites. Tom shared the truth behind trading.

  • @msn-hn9eb
    @msn-hn9eb 2 ปีที่แล้ว

    Great interview. Just subscribed to your channel!

  • @koko1376
    @koko1376 ปีที่แล้ว

    Thank you very much Tom! Sharing the human part sincerely. I learned a lot. Thanks again. 🙏🏼

    • @TraderLion
      @TraderLion  ปีที่แล้ว

      Glad you enjoyed it!

  • @bulakenyawander3970
    @bulakenyawander3970 ปีที่แล้ว

    He’s very honest. Thank you for this wonderful video!

    • @TraderLion
      @TraderLion  ปีที่แล้ว

      The only way to improve is if we're honest with ourselves!

  • @kgupta2205
    @kgupta2205 ปีที่แล้ว

    28:20 time frame of trades 30min chart over 2-3 days- hit and run trades (big cap), 41:30 3-4 periods of 3 to 6 week windows in a year. 43:20 - enough time for year ! 1:06:45 -need just1 set up

  • @ansarallahi
    @ansarallahi ปีที่แล้ว +1

    pat walkers an amazing man!

  • @felixsnow5563
    @felixsnow5563 2 ปีที่แล้ว +1

    Kudos to the interviewer for letting him talk

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว +1

      Richard is awesome!

  • @ericson4534
    @ericson4534 2 ปีที่แล้ว +1

    I Love it very genuine and honest...More Power to both of you guys!

  • @skesno309
    @skesno309 ปีที่แล้ว

    Such a good interview.

  • @spiritedlearner7143
    @spiritedlearner7143 ปีที่แล้ว

    Great insights from Kiefer Sutherland.

  • @Sabrina-ll6lo
    @Sabrina-ll6lo 2 ปีที่แล้ว +1

    Very good lessons that I wish they were easy to follow up... Thanks for the interview 👍

  • @Nemo012
    @Nemo012 2 ปีที่แล้ว

    Tom, you're such a great person straight forward no bullshit, thanks for sharing your experience and I wish you all the best.
    Richard: one of your best interviews, thanks 🙏

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      Thanks for watching!

  • @davewave8144
    @davewave8144 2 หลายเดือนก่อน

    Great interview - I can relate to going to the market to tell me I am o.k.. I was in the hospital for major surgery, took a big leveraged bet in pre-op right in front of the FOMC - lost 80% of acct.
    I had been very consistent in making profits the last 2.5 years most every week up until my scary operation.

    • @TraderLion
      @TraderLion  2 หลายเดือนก่อน

      I'm sorry to hear that, but glad you're doing better! Nearly every trader goes through one of these events (whether they like to admit it or not).

  • @ESMorg
    @ESMorg 2 ปีที่แล้ว

    Omg this guys starting story is almost just like mine 🤦🏽‍♂️ started with $50k capital (on webull to be exact) blew that shit to $700 in LITERALLY 2 weeks. Took me about 2 and a half years to FULLY get comfortable with trading full time.

  • @Sam-yn3do
    @Sam-yn3do 4 หลายเดือนก่อน

    Thank you Gentleman’s I need it to hear that!

    • @TraderLion
      @TraderLion  4 หลายเดือนก่อน

      We all do at some point, that's why we shared it!

  • @tradeforcharity
    @tradeforcharity 2 ปีที่แล้ว

    “…you just start making sh## up” -Tom 🔥🔥best quote

  • @GoodComedian2011
    @GoodComedian2011 2 ปีที่แล้ว +1

    When someone tells me that they want to be trader, I will direct them to this interview

  • @ShooterMcGavin68
    @ShooterMcGavin68 7 หลายเดือนก่อน +1

    Wow amazing insights, learnt so much. specially the part where you take your most of the profit after 8-15 percent from pivot climax run. hoping for a 20%-40% mover is not realistic every time.

    • @TraderLion
      @TraderLion  7 หลายเดือนก่อน

      Thanks for watching

  • @SunilSethi
    @SunilSethi 2 ปีที่แล้ว +1

    Thank you, great interview. Good lessons on position sizing.

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว +1

      Thanks for watching Sunil!

  • @LifestyleTradr
    @LifestyleTradr 5 หลายเดือนก่อน +1

    We need tom back on Twitter

    • @TraderLion
      @TraderLion  5 หลายเดือนก่อน

      Yes that would be awesome!

  • @ShooterMcGavin68
    @ShooterMcGavin68 7 หลายเดือนก่อน +1

    Would really like going over charts with this guy

  • @maepuravida99
    @maepuravida99 ปีที่แล้ว

    nice interview top guy my respect for him, is hard for us as men talk about the kind of stuff

  • @felixsnow5563
    @felixsnow5563 2 ปีที่แล้ว +1

    Pure gold.

  • @dschreck3335
    @dschreck3335 2 ปีที่แล้ว +1

    Flat out AMAZING

  • @folatech4404
    @folatech4404 2 ปีที่แล้ว +1

    would love if you had this on a podcast too

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว

      We will do that for sure!

  • @contactkumar3878
    @contactkumar3878 2 ปีที่แล้ว +1

    Pure gold
    I resonated with what he is saying

    • @TraderLion
      @TraderLion  2 ปีที่แล้ว +1

      Glad you found it helpful!

  • @mrmanualways
    @mrmanualways ปีที่แล้ว

    awesome... and thank you

    • @TraderLion
      @TraderLion  ปีที่แล้ว

      Sure thing! We're glad Tom was able to share his story.

  • @mohammadfarzan230
    @mohammadfarzan230 ปีที่แล้ว

    Thanks

  • @benjaminsalinas4193
    @benjaminsalinas4193 2 ปีที่แล้ว

    Wow this is amazing

  • @tradeforcharity
    @tradeforcharity 2 ปีที่แล้ว

    “…why you buy so much” -Tom’s wife 🔥🔥great interview

  • @RPGyourLIFE
    @RPGyourLIFE ปีที่แล้ว

    it must be nice to get bailed out with a 100k loan from your parents.
    That being said.. I did appreciate the insight from Tom and I got a lot of value out of this video so thank you Tom and Richard

  • @taylor_o
    @taylor_o 2 ปีที่แล้ว +2

    good interview

  • @AustinSilverFX
    @AustinSilverFX 2 ปีที่แล้ว +1

    THE BEST!!!!

  • @TenTonNuke
    @TenTonNuke ปีที่แล้ว

    Lordy. A 100k loan just handed to him. If I gathered the life savings of every living family member I have, maybe I would have 20k.
    Edit: Just to be clear, I still really enjoyed the video. Hopefully one day I get to the point where I'm so successful I start to worry about my giant position sizes.
    Edit edit: He's got a Michael Keaton vibe going on.

  • @jacksongents4993
    @jacksongents4993 2 ปีที่แล้ว +1

    Be at peace with who you are........thanks for putting your heart & soul...in this interview.... CARLOTHEMOVIE

  • @jamesbothel2948
    @jamesbothel2948 2 ปีที่แล้ว

    half a million in an hour? I'd be crying too!!!

  • @Travelingwithabbc
    @Travelingwithabbc 6 หลายเดือนก่อน

    Tom made me laugh at how honest he was about this psychology of trying to win big

    • @TraderLion
      @TraderLion  4 หลายเดือนก่อน

      Tom did everyone a huge favor being as honest as he was in this interview.

  • @rafaelosorio2251
    @rafaelosorio2251 6 หลายเดือนก่อน

    What happened with the Twitter of Tom?

    • @TraderLion
      @TraderLion  4 หลายเดือนก่อน

      He's no longer posting, but last we heard he was doing great.

    • @rafaelosorio2251
      @rafaelosorio2251 4 หลายเดือนก่อน

      @@TraderLion lol

  • @bipolartrades
    @bipolartrades 2 ปีที่แล้ว +1

    Damn his dad gave him 100k and I’m struggling through prop firms lol must be nice

  • @santiagoarellano6248
    @santiagoarellano6248 2 ปีที่แล้ว +1

    Que gran entrevista tan real 👌

  • @donniereidjr
    @donniereidjr 2 ปีที่แล้ว +1

    I cant wait until I can own 8,000 shares of a stock that isnt a penny stock. WOW.

  • @bibbidi_bobbidi_bacons
    @bibbidi_bobbidi_bacons ปีที่แล้ว

    👏👏

  • @RidwanSetiawanOfficial
    @RidwanSetiawanOfficial 2 ปีที่แล้ว

    Too bad there was no screen share of his setup

  • @campmark50
    @campmark50 4 หลายเดือนก่อน

    Hopefully losing half a million scared this dude into using stops. How do you let a position drop like 70%?

    • @TraderLion
      @TraderLion  4 หลายเดือนก่อน

      Did you listen to his explanation? He had stops.

  • @Riverpablo
    @Riverpablo 2 ปีที่แล้ว

    Twentieth Century Reminiscences of a Stock Operator stuff! Such great insights from a great guy. Gotta love @canny4