119: Secrets Of A Professional Forex And Stocks Trader (@steveptrading)
Secrets Of A Professional Forex & Stocks Trader – Show Notes
In episode 119 of the Desire To Trade Podcast, I re-interview Steve Patterson, one of the top proprietary traders based in Canada. As someone who traded the markets for over 37 years, he came on the podcast to share his secrets & techniques as a professional Forex & stocks trader.
I previously had the chance to discuss with Steve in episode 108 of the Desire To Trade Podcast.
He is someone aspiring professional traders can learn a lot from and I always feel great after discussing with Steve. There are several “gems” in this interview!
Topics Covered In This Episode
- What Steve Patterson trades (i.e. trading style and career) [2:10]
- Pre and post-trading routines [4:30]
- The books Steve recommends trader to read [8:05]
- How to feel like a professional trader (hint: you shouldn’t) [10:05]
- Mixing discretionary and systematic trading [12:35]
- Indicators traders can profitably use in the market [13:30]
- How to create a winning trading strategy [20:20]
- How Steve trades on a typical day [24:00]
- How do you know what you trade will work on different assets [28:00]
- How do you get a feel for the market (exercise) [33:10]
- How to distinguish a great market from a messy market [42:00]
- How to place a stop loss profitably in the market [46:40]
- The expectations you should have when you start trading [49:40]
- How Steve would treat trading with a small account [56:20]
- The role of confidence in trading [1:01:00]
- How to make 10%/month as a swing trader [1:11:40]
More About Steve Patterson
Steve Patterson has experience working in the world’s largest firms, prop firms, stockbroker and floor trader. During his work life, he has seen 3 market crashes and multiple Bull and Bear market cycles.
He knows everything about how to master the markets and trade profitably through all environments and the secrets of a professional Forex, Stocks Trader, which makes him a very interesting guest.
- Exclusive Coaching with Steve Patterson: Steve is offering a special program for Desire To Trade fans. This is an opportunity you don't want to miss! Make sure to select the “Desire To Trade” option for a free call with Steve!
DesireToTRADE Top Resources
- Desire To TRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist (free checklist!)
- One-Page Trading Plan (free template!)
- DesireToTRADE Academy
How To Find Steve Patterson?
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!