There comes a time when every trader must put down their YOLO hat and ask if they’re ready for next-level trading…

This week SteadyTrade hosts Kim Ann Curtin and Stephen Johnson return with part 3 of their four-part series on common trading mistakes. 

It’s great to have enthusiasm. If you’re not passionate about what you do, you won’t last long, especially in trading…

But there’s a difference between passion and recklessness. 

Kim and Stephen journey through the challenges traders face when they realize trading’s not as easy as they thought.

Tune in now to find out how to overcome harsh trading truths and breakthrough to next-level trading. 

Next-Level Trading Takes Hard Work

There’s no secret to success. It requires commitment, determination, and having the right people in your corner. 

Stephen relishes being a full-time trader. It’s not about the profits for him. He loves to study the markets and play the game. He looks forward to getting up every day to do it all over again. 

That’s next-level trading

Kim applauds Stephen’s commitment. She wants to know the questions traders should ask themselves before they decide to commit…

How can traders know if they have what it takes to make it past the cakewalk of a hot market? Listen in as Stephen shares a powerful tip to find out if you’re cut out for next-level trading.   

Why You Need Realistic Expectations

Kim wants all traders to start with realistic expectations. She sees the opposite happen all the time. 

Newbie traders come in with ideas of making fast money. They think they can study for a short time and master the markets. 

When things don’t go their way, their inner gremlins convince them they’re not good enough. Then they quit. 

Stephen thinks WallStreetBets and the GameStop Corp. (NYSE: GME) breakout gave traders the wrong idea. Check out the full episode for Stephen’s solution for setting realistic goals.

Next-Level Trading = Commitment 

Kim thinks that new traders have less caution and respect for the markets.  

And Stephen believes that how you behave in the markets is a reflection of how you treat yourself. So you can make a lot of plans … but it’s up to you to keep your word when the heat is on

Next-level trading requires self-trust and self-respect. You have to stay focused on solutions, even when you feel down. 

After all, if you can’t count on yourself to follow through, who can you count on?

Stephen says many traders think success comes from intelligence, but next-level trading is all about resilience

In this episode, Stephen shares how he changes his game when he gets comfortable and sloppy. Tune in!

What Do You Think?

How do you stay focused? And what’s your trading approach — more fun or super serious?

We love to hear what you think, so drop a comment. 

Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on YouTube!

Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.

Into this episode? Please leave a review on iTunes.

Meet Our SteadyTrade Hosts

Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin.

Follow our hosts on social media…

Tim Bohen

Twitter: @tbohen

Instagram: @tbohen

Stephen Johnson

Twitter: @Jonk87

Instagram: @stephenjonk87

Kim Ann Curtin

Twitter: @kimanncurtin

Instagram: @kimanncurtin

Disclaimer

*Please note that any reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.