How to form a solid trading plan w/ Stuart McPhee

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  • เผยแพร่เมื่อ 25 พ.ย. 2024

ความคิดเห็น • 95

  • @lombardo141
    @lombardo141 5 ปีที่แล้ว +21

    I think this is the most underrated interview of all your podcast and he deserves a second interview. I have listened to this 12 times in 3 months so far and my trading has improved dramatically because of this episode. Hope you get this comment. Again very underrated interview.

  • @OneCreator87
    @OneCreator87 6 ปีที่แล้ว +140

    Practical points from 019:
    - With time you become desensitized to losses, it is important to keep learning and persevere to reach such state.
    - Stuart learned to trade less and keep quality high with his rule system.
    - Simple works very well, our mind tries to over-complicate things, so you have to simplify things consciously.
    - A rule/systematic approach helps to keep silly decision making proccess aside.
    - When changing behaviours you have to take small steps, specially if they are rooted.
    - Don't approach trading as a hobby, do it as a professional.

  • @handyrams4822
    @handyrams4822 2 หลายเดือนก่อน +2

    What would you have done differently in your process?
    "Not started."
    Spoken like a true experienced trader.

  • @zackhorner460
    @zackhorner460 2 ปีที่แล้ว +2

    He's absolutely right about reading market wizards again after having years of experience. It was one of the first books I read on trading...read it again after 3 years and it was like the first time. Great interview.

  • @maker8172
    @maker8172 6 ปีที่แล้ว +94

    Fast forward to the 16min for trading plan

  • @bryanhe7556
    @bryanhe7556 8 ปีที่แล้ว +45

    Aside from technical analysis skills, what I learned from the past 6 months is, as a trader I need to transform myself from a human being with emotions and feelings to a robot.

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 ปีที่แล้ว +7

      +Yan He, the more you can do so, the better... Though I don't think many people can say they feel absolute zero emotion when trading.

    • @robertosegovia6844
      @robertosegovia6844 8 ปีที่แล้ว +5

      I don't think it's to be a robot because we're all human beings, that's imposible. It's about to be discipline with our operation even if we feel fear or greed.

    • @YanaSvara
      @YanaSvara 7 ปีที่แล้ว +1

      Ray Snut this is one of my all time favorite quotes and your suggestion couldn't be more perfect. I'm posting it above my computer screen today! thanks for the reminder :)

    • @Rogue_Potato131
      @Rogue_Potato131 5 ปีที่แล้ว +2

      Why do you think algos are so successful

    • @scottydog9997
      @scottydog9997 3 ปีที่แล้ว +1

      Even robots lose money.

  • @drleo6409
    @drleo6409 3 ปีที่แล้ว +5

    Starting out I found that keeping share size small and $ size small prevented me from loosing too much. I learned to trade with a 50 shares of a $5 stock. Then 100shares. When we start out we are learning HOW to make money. Not starting out making money. Patience is a big part of making money.

  • @KenalLouis
    @KenalLouis 6 ปีที่แล้ว +10

    Absolutely amazing interview/podcast. Been struggling with the discipline for the past 2 weeks of stick with my plan. I've realized it and working on developing the right habits now. I think writing them down and sticking to the plan will definitely help. Awesome insights. "It's easier to complicate things, and difficult to simplify things." That is truly powerful. Thumbs Up! And subscribed.

  • @mjcurtis5405
    @mjcurtis5405 4 ปีที่แล้ว +1

    I think Chat With Traders is my favorite TH-cam channel.

  • @tomandzack
    @tomandzack 8 ปีที่แล้ว +12

    Great education Aaron. I have gone through a lot of the ups and downs of Trading, and listening to your guests gives me more confidence to keep to my plan. Keep up the great work!

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 ปีที่แล้ว

      +Tom Chesrown - great to know mate, keep pushing ahead!

    • @douglaslampert9038
      @douglaslampert9038 8 ปีที่แล้ว

      As a beginner then i made alot of costly mistake which i don't want other newbies to pass through, trading at loss causing alot of trauma both emotionally and financially.For reliable strategy on how to trade and make profit contact me at douglaslampert9@gmail.com

    • @samsun01
      @samsun01 4 ปีที่แล้ว +1

      @@douglaslampert9038 dipsht

  • @hamisintunzwenimana8083
    @hamisintunzwenimana8083 ปีที่แล้ว

    Good
    Technical
    1. Systems Thinking / Position Sizing
    2. Plan / Technical Analysis

  • @ehudkrispil
    @ehudkrispil 5 ปีที่แล้ว +2

    Thanks for sharing Aaron - one of my favourites episodes

  • @CheekySherbert
    @CheekySherbert 7 ปีที่แล้ว

    I’ve just listened to this again and after a couple of years of trading. This is great advice. I wish I’d taken it on board the first time I listened to it!!!

  • @meziggy8613
    @meziggy8613 8 ปีที่แล้ว +2

    I found the interview enlightening. I though you asked great questions as the interviewer and Mr. McPhee very honest and insightful. Thank you!

  • @Connor_JR
    @Connor_JR 8 ปีที่แล้ว +1

    I haven't been watching these in order but I really enjoyed this. Stuart is so chilled.

  • @pxstel69
    @pxstel69 4 ปีที่แล้ว +1

    Still great videos to this day i take notes on them

  • @snarkypuppy854
    @snarkypuppy854 5 ปีที่แล้ว +26

    does anyone else throw up a little every time jason bond or petra hess advertisements come across the screen.

    • @lancepheng
      @lancepheng 5 ปีที่แล้ว +1

      its constant on my computer. how do we get rid of that?

    • @hellomiami4012
      @hellomiami4012 5 ปีที่แล้ว +5

      My name's Jason Bond, and I teach people how to change socks

    • @ruphusdlhamini8573
      @ruphusdlhamini8573 4 ปีที่แล้ว

      It's irritatingly pops up all the time

    • @meinl8779
      @meinl8779 4 ปีที่แล้ว

      Eat ,sleep and trade baby , the guy is funny AF

    • @thehealerslm
      @thehealerslm 4 ปีที่แล้ว +1

      Yeah, I found the guy quite disgusting.

  • @Riskninjaz
    @Riskninjaz 8 ปีที่แล้ว +2

    Good honest content. Thanks

  • @antoniovillagomez3916
    @antoniovillagomez3916 8 ปีที่แล้ว +5

    Great video, I enjoy hearing your interviews. Keep up the good work!

  • @ChetansTradingAndInvesting
    @ChetansTradingAndInvesting 7 หลายเดือนก่อน +1

    Aron please improve audio quality of the people u take interview

  • @dimitrilikholetov8224
    @dimitrilikholetov8224 7 ปีที่แล้ว +1

    Thanks a lot for your show Aaron!! It's a great idea to centralize all these interviews of great and successful traders in one place! Hope by way that by hosting all these interviews, you are are become a great trader yourself... do you mind me asking if you trade for your own account? and if yes, what do you trade!
    Lastly, being myself an ex-trader in investment banking in fixed income, and having switching a few months ago to learning FX - currently heavily back-testing price action strategies - I WOULD LOVE IF YOU COULD INVITE MORE FX TRADERS ON YOUR SHOW!!
    Thanks again for your great show and keep up the good work!!
    Best,
    Dima

  • @TirajAdikari
    @TirajAdikari 7 ปีที่แล้ว +1

    Great interview . Thanks

  • @RogueMoney
    @RogueMoney 3 ปีที่แล้ว

    Really good 💬. 👍🏻

  • @Newshunt-98
    @Newshunt-98 6 ปีที่แล้ว +5

    I think if we want become succsessful trader we should sitting in front of the pc,
    The key is "consitancy"
    Casino wins becasue of consitancy and random player lose money all the time

  • @celalsunger542
    @celalsunger542 4 ปีที่แล้ว +1

    why doesn't the video has subtitles? I'm from Turkey and the subtitles are very beneficial for me

    • @Horusian
      @Horusian 3 ปีที่แล้ว

      Anlamadığım kısımları söyle yardım edeyim.

  • @temurkhabibullaev964
    @temurkhabibullaev964 4 ปีที่แล้ว +2

    Call me when you start putting timelines on your videos

  • @raphavongal
    @raphavongal 8 ปีที่แล้ว +1

    great Podcast Aaron, tks!!

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 ปีที่แล้ว

      +Raphael VON GAL (Raphavon), glad you liked it!

    • @douglaslampert9038
      @douglaslampert9038 8 ปีที่แล้ว

      As a beginner then i made alot of costly mistake which i don't want other newbies to pass through, trading at loss causing alot of trauma both emotionally and financially.For reliable strategy on how to trade and make profit contact me at douglaslampert9@gmail.comAs a beginner then i made alot of costly mistake which i don't want other newbies to pass through, trading at loss causing alot of trauma both emotionally and financially.For reliable strategy on how to trade and make profit contact me at douglaslampert9@gmail.com

  • @ai_hotspot
    @ai_hotspot 8 ปีที่แล้ว

    Really good interview!

  • @Quantumfuturestrader
    @Quantumfuturestrader 2 ปีที่แล้ว

    Good interview but I have never used a trading plan. The market changes and I can change and adapt quickly depending on what the market gives me. I only trade futures not stocks.

  • @emmanuel9137
    @emmanuel9137 5 ปีที่แล้ว

    What book he mention; Stock Market Wizards?

  • @whistlerpolitics
    @whistlerpolitics 8 ปีที่แล้ว +2

    good info
    thx

  • @satoshigerbil8789
    @satoshigerbil8789 5 ปีที่แล้ว

    Great show. Btw you had an advertiser that was basically a search engine for trading platforms. Do you have the name??

  • @riddheshdhurat4432
    @riddheshdhurat4432 3 ปีที่แล้ว

    Market Wizards of 21st Century.

  • @adddad9779
    @adddad9779 4 ปีที่แล้ว

    Leaving #TH-cam soon... see you on other platforms!

  • @JuanCarlosDiazJr
    @JuanCarlosDiazJr 4 ปีที่แล้ว

    wheres ep 7?

  • @itm_randy
    @itm_randy ปีที่แล้ว

    @18:50 3 basic questions for a plan

  • @happypappy9949
    @happypappy9949 8 ปีที่แล้ว +4

    Are you a trader yourself, Aaron?

    • @ChatWithTradersPodcast
      @ChatWithTradersPodcast  8 ปีที่แล้ว +4

      +happy pappy yes - you can hear more about my own trading on episode 50: chatwithtraders.com/50

  • @endthefed1448
    @endthefed1448 5 ปีที่แล้ว

    Bring on Mark D Cook. One of the best S&P traders on the planet

  • @dominic2446
    @dominic2446 4 ปีที่แล้ว

    0:49 2014? or 2015?

  • @vinayakpatankar2551
    @vinayakpatankar2551 6 ปีที่แล้ว +1

    everything is money management

  • @LStens22
    @LStens22 8 ปีที่แล้ว +7

    Hmm. The more I trade the more my bank account goes down.

    • @douglaslampert9038
      @douglaslampert9038 8 ปีที่แล้ว

      As a beginner then i made alot of costly mistake which i don't want other newbies to pass through, trading at loss causing alot of trauma both emotionally and financially.For reliable strategy on how to trade and make profit contact me at douglaslampert9@gmail.com

    • @dimitriosdesmos4699
      @dimitriosdesmos4699 8 ปีที่แล้ว

      Luke Stensberg *Official* to master the markets I blew up 3 accounts others more

    • @dimitriosdesmos4699
      @dimitriosdesmos4699 8 ปีที่แล้ว

      Luke Stensberg *Official* never daytrade..., enter at open, exit at close....never hold overnight,...and trade small...not everyday.

    • @dimitriosdesmos4699
      @dimitriosdesmos4699 8 ปีที่แล้ว +1

      Luke Stensberg *Official* don't trade stocks either...better to trade index or bullish eggs only

  • @bld691
    @bld691 ปีที่แล้ว

  • @fahfhdddddd
    @fahfhdddddd 6 ปีที่แล้ว

    Shaaaaeers lolz :D

  • @jesuspastenes619
    @jesuspastenes619 6 ปีที่แล้ว

    Hahahahha dam this guy it’s cool straight forward get money an lose 🤑😎

  • @aironenise
    @aironenise 6 ปีที่แล้ว

    he not talmbout shit smh

  • @cristianmicu
    @cristianmicu 3 ปีที่แล้ว

    im at11 min and only shit talking. solid trading plan???
    ?>