156: Develop A Profitable Forex Trading System (@CaseyStubbs)
Develop A Profitable Forex Trading System
In episode 156 of the Desire To Trade Podcast, I interview Casey Stubbs, a Forex day trader, and businessman. He is one of the most knowledgeable people I know when it comes to developing a profitable Forex trading system.
Casey has been featured earlier in episode 035 of the podcast. You can watch it here.
Casey has been putting massive work into delivery systems and making his trading really systematized. He’s kind of a success story in that field.
In this podcast, Casey talks about how he’s been able to use the systems and indicators to use for his trading while building different businesses and while working on different things.
While I was getting a lot of value out that chat, I wanted to publish this so you guys do the same and hopefully, you’ll hear some advice on how to create strategies that are systematized, how to back this, how to combine business and life in trading, and all these different things.
Topics Covered In This Episode
- Who Casey is and what he has been doing this past month 2:18
- How Casey started to trade and what happened next.. 4:11
- How he evolved from trading stocks to Forex 5:44
- Casey Stubbs' learning curve and overcoming challenges in trading 6:51
- How and why Casey created indicators he now uses today 8:33
- Trading manually vs. with a script 10:53
- Price action and looking at major levels vs. indicators 11:50
- Casey’s process of backtesting and measuring his profitable Forex trading system's results 13:48
- The most challenging aspect of being a trader 17:10
- Discipline and taking the right trades 18:32
- What the steps and time frame are to create a profitable Forex trading system that works in the market 22:29
- What happened to Winner’s Edge Trading 23:52
- How Casey gets ideas for the ideas and strategies 24:51
- Limit of how many indicators to use 25:50
- Casey’s favorite trading platform 26:53
- Using Trading View 27:50
- What most traders do wrong when trying to create a profitable Forex trading system 28:09
- How Casey combines trading with having a family and business and doing all these things on the side 29:12
- Casey’s trading goals and profit targets 32:18
- Casey’s response to someone wanting to make $10,000 from trading 36:46
- How you can learn from people and apply them in your life 41:27
- The one thing Casey thinks people should apply and/or do 45:43
- SPONSORED: Shoot an email to Jerremy Newsome
- Forex Tester
- BOOK: Richest Man In Babylon
- BOOK: Living Forward by Michael Hyatt
- Trading Strategy Guides Power Indicator
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 (exclusive training program)
How To Find Casey Stubbs?
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!