Welcome to the season two finale of the Steady Trade Podcast! It’s a great time to reflect on how the podcast has grown and evolved, and to think about what everyone (hosts and listeners alike) has learned.
In the first season, hosts Tim Bohen and Stephen Johnson focused on educating investors on the basics of how to be a day trader. While much of the education was directed toward the new trader, there was a lot of wisdom well worth visiting or revisiting for even trading veterans. In the second season, Tim and Stephen have taken a more elaborate approach, offering a little bit of history with our Jesse Livermore episode, a bit more context about the life of a day trader by interviewing some of the most successful traders in the circuit right now, and we also got into the market mechanics, breaking down pump and dumps and more and explaining how different market scenarios “work”.
In the season two finale, Tim and Stephen take a look at the ten commandments of keeping it steady, which build upon everything you’ve learned so far and offer some important insight for traders. You won’t want to miss this wisdom!
But first, an announcement
Tim and Stephen have loved approaching this podcast in a curated season format. However, now that the show has a strong foundation, it’s going to transition to a more regular maintenance schedule. From now on, instead of featuring blocks of episodes as seasons, the show is switching to a weekly format. This means that there will be a new episode each Monday for you to learn from and enjoy. No season breaks! Eventually, there will be other new features, including live events on Fridays; this is the podcast’s response to listener feedback and requests!
…and, an optional drinking game (optional)
“I’m better drunk than sober”, says Stephen, referring to his trading (and, you know, everyday) lifestyle. Not to veer into after-school special territory, but this podcast’s recording actually had to be delayed because on the scheduled date for recording, Stephen was, well, wasted. In a roundabout way, this leads to a great idea from the hosts: why not play a drinking game along with the podcast? As long as you’re not driving or operating heavy machinery, take a drink every time Bohen says “ironic” or “ironically”. Have aspirin on hand because you’ll need it in the morning.
The Ten Commandments of Trading Steady
To cap off the second season, Tim and Stephen have organized ten tips for being a successful trader. Keep it steady, baby! You can expect wisdom, drinking games, terrible Austin Powers impersonations, and more, but here’s a sneak peek:
- Thou Shalt Create a Daily Trading Plan. Are you a gut instinct guy like Stephen, or are you a planner? The hosts offer tips for how to create a plan, breaking it down in simple steps.
- Thou Shalt Follow Your Daily Trading Plan. Tim and Stephen offer examples of the calamities that can occur when you don’t follow your plan.
- Thou Shalt Forsake Thine Impulses to Violate Thine Plan. This builds upon the prior two Commandments, and explains how to stick to your plan.
- Thou Shalt Journal Thine Experiences. It’s true: logging your trading successes and failures can help you advance faster. Stephen is actually a pro at this, and divulges some of his secrets.
- Thou Shalt Not Neglect Thine Physical and Mental Health. You need to optimize yourself mentally and physically. Tim and Stephen talk about how important this self care is to help you maintain energy and find success.
- Thou Shalt Be Consistent Each Day. This is particularly applicable for part time traders; Tim and Stephen discuss tips for how to be consistent and why it matters.
- Thou Shalt Continue to Study and Learn. Learning the basics and calling it good isn’t good enough. Tim and Stephen discuss why committing to a lifetime of learning is the biggest asset to your trading career.
- Thou Shalt Befriend and Interact With Other Traders. No trader is an island. By having a buddy, a mentor, a group, or all of the above can really fast forward your career; Tim and Stephen discuss specific examples of how teamwork can improve your income.
- Thou Shalt Know Thine Tools and Optimizeth Them. Tim and Stephen talk about how to use the tools in front of you. This includes literal tools such as your trading platform, and how to learn from your experiences and turn them into “tools” to build future success.
- Thou Shalt Keep it Steady. You can get started as a trader pretty easily and quickly. But does that mean you should start spending money right away? Tim and Stephen discuss why the “Steady” approach is best.
Win big!
Don’t think we’re leaving you empty handed this season! Season two’s giveaway offerings include incredible prizes such as a Stephen Johnson pillowcase (and, you know, other things like a Macbook pro, an Apple TV device, an iPod touch, an Apple Watch, a $100 gift card, and 3 months of Stocks to Trade). Just like in Season One, there’s also another “Greedy Little Bastard” prize, which includes all of the aforementioned items!
Visit our giveaway page for more information!
You guys put a smile on my face in addition to the education. Keep it up and please watch your language. (:-
Thanks!!
Great recap of fundamentals of a disciplined trader. Stephen, love to see the sense of humour back. Steady Trade had been an asset along my learning curve and there is no other great community where mentors help and answer questions like Profit.ly and STT! One of the things that Steady Trade taught me a lot is to be more patient. I dive deeper into the lessons and rewind every minute I got distracted on,seriously guys learning used to be hard but my attention span is way better and the ability to absorb material went up exponentially this year. I’m looking forward to be more involved and start writing blogs thanks to the Steady Trade charisma.
Hi again guys–emailing from Ecuador. Love this episode and love the reviews. Constantly taking notes. I do want you to know that my US smart phone won’t work when you try to call me about my new MacBook Pro. So you could call me on Skype. It works with my Ecuador dumb phone which is… (593) 969-436-203. If this doesn’t work add a 0 before the first 9.
Am loving the show. Look forward to talking to you:)
Kinda disappointed my internet is too slow for STT. But may be moving to a bigger city. We’ll see then. Keep up the good work.
Thanks Lezley, if you come up in the random drawing we will contact you! Thanks
You guys put a smile on my face in addition to the education. Keep it up and please watch your language. (:-
Great close for season 2 with the 10 commandments! Very useful, I actually printed out and put on the wall in front of my desk so I can look at it all the time and remember to follow a process and plan from beginning to end. Awesome as usual, thank you Tim and Stephen!
What an inspirating episode,keep up the great work.Bongi from South Africa 27825617255
Thanks Bongi!! Very cool to have listeners from all over the world!
Listening and watching you from Kazakhstan (Central Asia) – thanks guys for being transparent, informative, ready to share all you know and funny at the same time! Great 10 commandments, inspiring! I’ve also learnt some new English words (Thou, shalt, thine, neglect), so I grow my knowledge account (both trading and foreign language) with you ) I’ve copied these 10 commandments to my Rules list – thanks a lot! Love your podcasts!
This season has been absolutely inspiring – not to mention hilarious to watch and listen to. You guys have truly made me believe that it is possible to be successful at trading and also have fun doing it! I’m going to make a painting with these commandments and put them up on my wall so I can look at them everyday! Keep it steady! 😉
Wow thanks for the kind words Ruben!!
Hi Tim, is the $179/month plan for stocks to trade different from “StocksToTrade Pro”? If so, what’s the difference between the two?
Thanks in advance! Appreciate your podcast and advice.
Allen, check out http://stockstotrade.com/pro
Thanks
Did you find out the difference or is it the same?
Thanks
Another good podcast. Thanks!
Thanks for mentoring me. Sometime words of encouragement is all you need as a agresive trader. Back to reality thanks. El Paso, Texas.
I used to think 1 hour videos/podcasts were so long but you guys make it come by way too fast because of the education and entertainment I get from these episodes. Makes my drive to work, school, and home a lot easier with Bay Area traffic. Truth be told, I follow 5-6 of those 10 commandments, I am challenging myself to follow all 10! Stephen, I challenge you as well!
Always great info and I hope to win one of your stockstopro. #540-660-9767
Such good info. Especially number 8. It’s very important to be able to discuss stocks with other traders.
Glad you found value David!
You guys are a trip. I truly Love this Podcast. You guys should bring this show to primetime!
Ya BABY
Good idea!! 🙂
So far I have listened to this one Roland and Dux and I am hooked, nice work Tim!
Thanks Rodney!
***** Thanks Tim and Stephen, I watch and listen to the podcasts on my drive to work, using my phone and opening up YouTube video’s. Actually, I watch a lot of Tim Sykes videos everyday on my phone and on the weekends, I study. A lot of valuable information, even thou I’m not trading yet. I know that Knowledge is power when applied, I’m still working on the Knowledge.
Thanks again!
Awesome Jeff!! Drive safe 🙂
Great close to the season. Reiterating key points/rules and providing examples that apply to each. Great lessons to trade by. You guys are awesome! Cheers!
well done lads entertaining as always, really looking forward to the new format…… bring it on!!!!
Thanks Conrad!
Another great episode with bunch of valuable lessons! Love it! Thank you guys for your hard work and effort keeping this podcast so freaking awesome!
Thank you for being an awesome listener Eduard!
Congrats I think the podcast have continually improved.
Awesome thanks!!! Thats what we hope to hear!!
Never heard of “Hyppy Dippy” before.
I learned a new phrase from Tim. LOL
Can the ‘older guy’ go with out a break?? LOL
Haha! Love you guys! Very informative! Both seasons were spectacular! I will put these 10 commandments to work. Already doing some of them but not all. Definitely getting better all the time since I started watching you guys! Hats off to Tim Sykes as well for getting me started down this path!
Thanks Joseph!
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hi guys listening in from Edmonton, Canada! you guys are inspirational and your tandem clicks!
…🙂