In episode 93 of the Desire To Trade Podcast, I interview Stacey Burke, a Forex trader who has learned about trading the hard way while blowing up some small accounts and making all the mistakes most losing traders make.
Through that process, however, he has able to identify where the real problems were in his trading and how he could finally turn the corner to become one of the few profitable traders.
Coming from a sporting background in ice hockey and Ironman triathlon, hard work and a competitive nature are some of the attributes he believes are necessary to succeed in Forex trading.
Stacey gives credit to other great traders for his success. Brent Penfold's advice on being "the best loser", but he also implemented things in his daily routine to help him continually keep getting better at the process of trading. Like Mike Bellafiore says "how good can we get?"
Here's a key takeaway:
"Trading mastery is a journey, not a destination. Focus on constant progress, NOT perfection." (click to tweet!)
I’d love if you can take a few seconds to leave a review on iTunes or Stitcher. Let me know honestly what you think of the podcast because the only way I can improve is through your reviews.
“If you know the enemy and know yourself, you need not fear the result of a hundred battles." - Sun Tzu
"Focus on being a good loser and having asymmetrical risk/reward opportunities." -Stacey Burke
"Keep it simple and learn how to lose." - Stacey Burke
What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!