Home»Habits & Preparation»157: “Every Trader Has An Unfair Advantage!” (@EminiMind)

157: “Every Trader Has An Unfair Advantage!” (@EminiMind)

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Tim racette

Every Trader Has An Unfair Advantage!

In episode 157 of the Desire To Trade Podcast, I interview Tim Racette, a successful day and swing trader behind the blog EminiMind. Tim is also on a different podcast which I used to listen to before starting my podcast.

He shares his story as a successful trader and highlights several important lessons about success in the field of full-time trading. We talk about goals, challenges, going to full-time trading when you have a full-time job, how to combine the two and a lot, lot, lot more.

Watch the video interview here.

Topics Covered In This Episode

  • What Tim Racette does, who he is, and a bit of background about him 1:44
  • Why and how Tim Racette started trading 2:18
  • Tim Racette’s mentors 4:46
  • Strategies that Tim Racette used in the trading pits 6:06
  • How Tim Racette evolved to trading on his own even with an unfair advantage 7:53
  • Tim Racette’s trading style and being comfortable with the idea of being different 10:13
  • Things Tim Racette had to do to go full-time trading for himself 12:50
  • If day trading was a necessity to trade full-time 14:57
  • Things that Tim Racette sees in people that they get wrong 15:52
  • The feeling of “going too fast” in the process of trading full-time and what to do about it19:46
  • How traders should set goals at the beginning of the year 21:54
  • Starting with something basic and then tweaking it 28:09
  • Personalities outside trading that can help you become a better trader 29:12
  • Failing in business but what you should do after and keep trying again 30:25
  • Creating multiple streams of income as a trader 34:26
  • The schedule or regimen Tim Racette follows 39:01
  • Things or behaviors that people need to work on and adapt to become great traders 40:58
  • Goals Tim Racette has for the future 44:21
  • Doing back-testing and forward-testing for his ideas 45:54
  • One piece of advice or one action step people should take to become better traders 47:41

Resources Mentioned

DesireToTRADE Top Resources

 How To Find Tim Racette?

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!