Trading Psychology Podcast Ep27 - When You've Finally Made It

[@valeriomuscas4805]

So great to have you back guys! We missed you 😊 Thank you for the great work ❤

[@KyleBaran90]

I'm not "rich" (halfway to 6 figures) but I'm stable and well diversified and live within my means. Diversity is key. You want a mix of risk-on and risk-off assets. The ratio and nature of each type is up to you and depends on your goals, but in my own case, I have: Physical cash, digital cash, crypto, GICs, treasuries, physical metal, sealed trading cards, art (local vintage pottery), a profit-sharing plan at work, a stock program at work, and self-directed forex and equities. My work is consumer defensive, and my deferred profit sharing program is weighted towards emerging and international markets. I have a small basket of currencies on my forex, and physical PMs as a hedge, etc etc. I try to do a quarterly rebalance/audit as well. It's funny, Robb said people with lots of money waste it, and I'm the opposite: I don't have a lot of income to save, but I put it towards (what I hope is) high quality stuff. As it turns out, earning 4% on a bond and losing 2% to inflation is better than taking bad trades and just losing 20%. Who knew?

[@tonysmith7449]

I just wanted to say thank you to you both, I stumbled across your Podcast a couple of months ago on Spotify and have listened to everyone of them. I find your approach very genuine and helpful, there is a lot of smoke and mirrors in this game so its great to listen to a couple of guys that say it us it is. Keep the content coming it is invaluable.

[@jacobnotte3699]

Thanks guys!

[@smallymac]

We missed u, thanks VP and Rob!

[@Barthiee]

Thank VP ❤ Love this Episode.

[@user-il7bh5pd9d]

as always a great episode. I've always thought of money and finances as a game also. I think anytime you can create that link, it makes it more enjoyable.

[@rmhsmith2453]

Trade psycology is like surfing. You might think you've got it all figured out, but then you wipe out, hard. Having you two champs here to guide and help us correct our mistakes, share wisdom and experience, making us a better traders is invaluable🙌🙌 We can now catch that next wave with increased confidence! Hang loose and ride the market like a pro! 🌊🤙📈

[@umutgurbuz4993]

you guys are great

[@michalbotor]

hi vp, could you make an update on your favourite fiat currencies to hold right now? is it simply the us dollar? or is it more nuanced than that?

[@sanisakau1406]

This is latest... Thanks vp

[@CES590]

Obrigado

[@michalbotor]

hi vp, could you make a video addressing the recent binance and coinbase lawsuits and the list of crypto coins/tokens that were labeled as securites, including yours truly cardano (ada) and the most beaten of them all algorand (algo)? are you scared that bnb will suffer the fate of ftt and binance will go down? are you worried about your ada bags? should i be worried about my algo bags? would love your feedback, i start to feel a little heat and stress here tbh.

[@michalbotor]

well this morning was brutal.

[@omerabdalaziz8593]

Passed my second FTMO challenges 🎉🎉🎉🎉🎉

[@NoNonsenseForex]

Yes!! Well done sir.

[@darkostefanovski7647]

Go VP 🎉🎉🎉

[@j-retrocycles6095]

Hi guys, did miss you, tier-one operators

[@nestrog8105]

My note 7:00

[@KyleBaran90]

I know you've been trading gold and silver for a long time, but you usually trade them independently of eachother, yes? Have you ever tried to trade the gold/silver ratio as a pairs trade?

[@NoNonsenseForex]

I always had less success with it on backtesting, so I left it out.

[@KyleBaran90]

@@NoNonsenseForex That makes sense, since it's a hedged/arb trade strategy, so it probably doesn't align perfectly with the way you trade trends. Thanks!

[@abdalrahmanayman7069]

first here❤

[@fetti9532]

Hey guys, would you consider an episode on automation? I think there’s a lot of relevancy here with all of the options traders continue to have Thanks guys