Steady Trade: The Profitable Side of Trading

Tim and Stephen wish a merry Christmas and happy Holidays to all Steady Trade Listeners.    

Steady Trade Podcast Season Two Prize Winners The Steady Trade Podcast Season Two Prize Winners! You know how movie sequels are always flashier than the original? Likewise, the Season Two Giveaway of the Steady Trade Podcast features a ton more bells and whistles and even more great prizes than the first season! In the first season of the Steady Trade Podcast, hosts Tim Bohen and Stephen Johnson focused on the basics of how to become a successful day trader. In Season Two, they built upon this foundation and offered a myriad of other trading resources, including a historical look at the earliest day traders and interviews with some of the hottest rising stars in the trading world today. No matter what the subject of the episode, you as the listener always learn something that will make you a better and more well-rounded trader. But as a more tangible reward, to close the second season, Tim and Stephen once again offered an incredible giveaway. The prizes. This season, the prizes included: A MacBook Pro + 3 months of stocks to tradeAn Apple TV device + 3 months of stocks to tradeAn iPod touch + 3 months of stocks to tradeAn Apple Watch + 3 months of stocks to tradeA $100 gift card + 3 months of stocks to trade A Stephen Johnson pillow case + 3 months of stocks to trade …and then one incredibly lucky listener won the Grand Prize “Greedy Little Bastard Package”, which included: A MacBook ProAn Apple Watch S2A Stephen Johnson pillow caseA Three Month subscription to Stocks to Trade Pro The lucky winners. On Tuesday, Dec 12, 2017, the winners were contacted. Per the rule, the winner had to be present to collect the prizes in question. Here’s a roundup of the lucky winners, in order of contact: 1. Kerry: Already a Stocks to Trade Pro member, Kerry is just a part time trader who is figuring things out, but he’s loving the journey. Along with Tim and Stephen, he discusses the art of letting go of trades: what can happen when you get greedy, and the potential pitfalls of holding on to a position for too long. Kerry’s going to up the ante on his trading with his prize suite: he won the MacBook pro and will receive a 3 month extension on his Stocks to Trade membership! 2. Bryan: Based in BC, Bryan began to dabble with stocks while working at a welder. As you’ll learn from his story, he’s the epitome of “keeping it steady”; with time and effort, he’s now become a full time trader. Find out the unexpected way that cannabis stocks have boosted his bottom line! Bryan’s going to be styling with his excellent prizes: an Apple TV device and a 3 month membership to Stocks to Trade. 3. Nathan: Looking for a better quality of life,Nathan began to take up day trading. He’s inspired by the fact that it can allow him to live the lifestyle he wants and make money, and has loved the podcast–particularly Tim and Stephen’s witty banter. Along with the hosts, he discusses risk management and focusing on “green” trades. He’ll have the time of his life (get it?) with his prizes: an Apple watch and a 3 month membership to Stocks to Trade. 4. Fidel: “Do you feel lucky?” starts Stephen when Fidel answers the call. Yes! A new trader, Fidel considers himself in the “learning” phase of his career, and Tim and Stephen discuss why watchful waiting is important for new traders. Fidel learned about the Steady Trade Podcast via Tim Sykes, and has enjoyed Stephen’s videos detailing his trials and errors (lots of errors) ...

  Steady Trade Podcast: Season 2, Episode 6: Ten Commandments of Trading Steady Welcome to the season two finale of the Steady Trade Podcast! It’s a great time to reflect on how the podcast has grown and evolved, and to think about what everyone (hosts and listeners alike) has learned. In the first season, hosts Tim Bohen and Stephen Johnson focused on educating investors on the basics of how to be a day trader. While much of the education was directed toward the new trader, there was a lot of wisdom well worth visiting or revisiting for even trading veterans. In the second season, Tim and Stephen have taken a more elaborate approach, offering a little bit of history with our Jesse Livermore episode, a bit more context about the life of a day trader by interviewing some of the most successful traders in the circuit right now, and we also got into the market mechanics, breaking down pump and dumps and more and explaining how different market scenarios “work”. In the season two finale, Tim and Stephen take a look at the ten commandments of keeping it steady, which build upon everything you’ve learned so far and offer some important insight for traders. You won’t want to miss this wisdom! But first, an announcement Tim and Stephen have loved approaching this podcast in a curated season format. However, now that the show has a strong foundation, it’s going to transition to a more regular maintenance schedule. From now on, instead of featuring blocks of episodes as seasons, the show is switching to a weekly format. This means that there will be a new episode each Monday for you to learn from and enjoy. No season breaks! Eventually, there will be other new features, including live events on Fridays; this is the podcast’s response to listener feedback and requests!   …and, an optional drinking game (optional) “I’m better drunk than sober”, says Stephen, referring to his trading (and, you know, everyday) lifestyle. Not to veer into after-school special territory, but this podcast’s recording actually had to be delayed because on the scheduled date for recording, Stephen was, well, wasted. In a roundabout way, this leads to a great idea from the hosts: why not play a drinking game along with the podcast? As long as you’re not driving or operating heavy machinery, take a drink every time Bohen says “ironic” or “ironically”. Have aspirin on hand because you’ll need it in the morning. The Ten Commandments of Trading Steady To cap off the second season, Tim and Stephen have organized ten tips for being a successful trader. Keep it steady, baby! You can expect wisdom, drinking games, terrible Austin Powers impersonations, and more, but here’s a sneak peek: * Thou Shalt Create a Daily Trading Plan. Are you a gut instinct guy like Stephen, or are you a planner? The hosts offer tips for how to create a plan, breaking it down in simple steps. * Thou Shalt Follow Your Daily Trading Plan. Tim and Stephen offer examples of the calamities that can occur when you don’t follow your plan. * Thou Shalt Forsake Thine Impulses to Violate Thine Plan. This builds upon the prior two Commandments, and explains how to stick to your plan. * Thou Shalt Journal Thine Experiences. It’s true: logging your trading successes and failures can help you advance faster. Stephen is actually a pro at this, and divulges some of his secrets. * Thou Shalt Not Neglect Thine Physical and Mental Health. You need to optimize yourself mentally and physically. Tim and Stephen talk about how important this self care is to help you maintain energy and find success. * Thou Shalt Be Consistent Each Day. This is particularly applicable for part time traders; Tim and Stephen discuss tips for how to be consistent and why it matters.

Interview with Super Trader Steven Dux One of the biggest goals of the Steady Trade Podcast is to help you realize your trading goals. We want take you from wherever you currently are in trading, whether you’re a newbie or an investor who wants to change to the day trading track, to where it is you want to ultimately go in your career. As part of this mission, we occasionally bring in guests who have found success in trading to help inspire you to pursue your own goals. As success stories go, it doesn’t get much more inspiring than Super Trader Steven Dux . Still in his early twenties, Super Trader Steven Dux has already earned $1.3 million trading penny stocks in less than two years. In this episode of the podcast, hosts Tim Bohen and Stephen Johnson interview this trading phenom about his meteoric rise in the penny stock world, how he did it, what he still needs to learn, and what keeps him going. A disclaimer Remember: this is the Steady Trade Podcast for a reason. We try to focus on ways to find consistent, steady success in trading. As such, it’s important to realize that every journey is different. When listening to interviews like this, do be inspired, but try not to compare yourself to the trader in question. There are all sorts of variables involved in every trader’s process and success, and you need to keep your own expectations realistic. Stephen Dux’s path: humble beginnings Stephen Dux began his trading path began in early 2016, when he started out trading ETFs with a friend. After a few small wins, he decided that he could make some serious money if he got his act together. After going down the Google wormhole, he came across Tim Sykes on social media. He was initially skeptical that Tim’s offerings were a scheme, but after buying a DVD and checking things out, he became convinced that trading penny stocks was worth a try. He was intrigued by the volatility and action of trading penny stocks. The fact that you can make a lot of money in a little amount of time didn’t hurt, either. Figuring it out Stephen Dux loves strategy games, and he began to look at trading penny stocks from a game player point of view. The psychology if the stock market is similar in many ways to strategy, and it “clicked” pretty fast for him. Early on, as he puts it, “I got lucky”. In spite of poor risk management, he began to make gains pretty quickly; his first big profit was an incredible $12,000. Yeah, hosts Tim and Stephen (Johnson) are willing to admit that they’re a little jealous of that one. Shaping a strategy Not to make you feel like a slacker or anything, but in addition to being a superstar trader, Stephen Dux is also a student. While studying engineering and accounting doesn’t necessarily inform his trades directly, he has been able to apply some of the principles of his education to trading. In particular, one of the key aspects of his approach to trading is looking at it from a strategic standpoint. In the podcast, he talks about how he tracks different sectors and catalysts to decide how and when to trade. As Stephen Dux acknowledges, he’s not the best at managing risk, so having a strategy is very important for him, and has been a key factor in his success. The king of the spreadsheet Another big factor in Stephen Dux’s success is his incredible spreadsheet system. Among certain circles, Dux is known as the “king of the spreadsheet”. He maintains thousands of spreadsheets which help him track patterns, which allows him to plot strategies and execute trades. As the interview unfolds, you’ll begin to realize how intentional his methods are, and how his success is very much due to careful monitoring and planning versus some random fluke trades. Moving forward After spending time talking about how Super Trader Stephen Dux has att...

Pump and Dumps. In Season One of the Steady Trade Podcast, hosts Tim Bohen and Stephen Johnson offered a foundational education on important things that every new trader needs to know. In Season Two, they are continuing to build on that education by teaching you what you need to do to springboard from education to actual trading. One of the main things you’ll need to successfully transition from student to day trader is a strong understanding and mastery of patterns. While to a certain degree this is something you’ll learn over time, there are several key patterns that repeat themselves so frequently that you need to know about them. One such pattern, and the subject of Episode Four, is the pump and dump. What is a pump and dump? This jitter-inducing term is thrown around a lot in trading. But what exactly does it mean? In essence, a pump and dump is a controlled inflation of a stock’s price. Typically, it’s engineered by individuals who have access to a lot of the stock and want to raise its value. However, the actual production will likely involve many players; it might be initiated by a shareholder, but then executed by promoters. They will knowingly inflate stock prices through various promotional efforts (the “pump”). Once the stock’s value has been raised considerably, the aforementioned individuals unload the stock rapidly and in great quantity, earning profits for themselves but overall lowering the value of the stock for the others who bought in and helped raise the price (the “dump”). The evolution of pump and dumps. When many people think of the pump and dump scheme, they think of a boiler room format, a la The Wolf of Wall Street. However, pump and dumps aren’t always quite so blatant, nor are they conducted by smooth-talking salesmen in dimly lit boiler rooms. In the 90s, pump and dumps migrated to the internet. Emails, chat rooms, online forums, and hard copy mailers would be used to inflate the prices. Today, pump and dump inflation efforts might be conducted via internet channels and social media channels. Because of this, it’s not always easy to instantly pinpoint what is and what is not a pump and dump. Identifying pump and dumps. Identifying pump and dumps isn’t always as easy as it sounds.Promoters have gotten smart to the fact that a big and rapid spike is a red flag. As such, these days, many pump and dumps are engineered to “walk” or have a more gradual price raise. Basically, they want to keep people in until they are ready to sell. In the episode, Tim and Stephen offer some specific tips on how to identify pump and dumps, and offer advice on how they have changed over the years. They also offer tips for how to get an edge on it so that you can begin to follow a successful model for trading pump and dumps and formulating a plan. Using pump and dumps to your advantage. In the podcast, Tim and Stephen talk about successful traders like Tim Grittani and Tim Sykes have used pump and dumps to their advantage. They discuss specific approaches and ways in which these traders have gained an edge which has helped pump and dumps make them money. Do you want to use pump and dumps to make money? Time, technique, and lots of research are necessary to make it work. Tim and Stephen discuss the pros and cons of working with pump and dumps and offer some great advice for how you, as a trader, can consider if this is the right direction for you.   Remembering your foundation. Tim passes on a saying that “Markets can stay irrational longer than you can stay solvent.” Remember: you can be right about identifying a pump and dump. However, unless you get in at the right time, you can lose a lot of money. By remembering your foundation and following Tim and Stephen’s tips to figure out a ...

Super Trader Roland Wolf Part 2 Episode Two of the Steady Trade Podcast features Tim and Stephen interview with trading phenom Roland Wolf. The interview was too good to cut short but too long to share in a single episode, so we broke it into two parts.   In Part One of the episode, Tim, Stephen, and Roland speak frankly and extensively about Roland’s ascent to trading success, critiquing and commenting on his progress and offering great suggestions for how new traders can use his experiences to their advantage.   In Part Two of the episode, the three traders delve deeper into Roland’s career advancement and how he became a mover and shaker in the world of day trading, and also address some powerful lessons he’s learned so far in his career.   The Italian Job: a pivotal career moment   Bromance, career development, and advancement. For Roland Wolf, a trip to Italy for a trading summit hosted by Tim Sykes proved pivotal in his career. For one thing, he was surrounded by traders, which was a new experience. Not only was he able to meet one of his trading idols, but also to connect with a lot of like-minded traders.   Trading can be a fairly isolating profession, and it can be difficult to truly connect with others when you only know them by a screen name. It was also in Italy that Stephen and Roland began what can only be called a storied bromance!   In the interview, all three traders discuss one of the big advantages of going to conferences and the power of connection with other traders. More than mere networking, they are like a vacation, therapy session, and career boost all in one!   Trading lessons you can’t buy   As the interview progresses, Roland shares with Tim and Stephen some of the lessons he’s learned so far as a trader. Among them:   The importance of studying. For Roland, studying didn’t come quickly or naturally. This is partially because he’s a busy guy: he has a wife and children, and when he started trading, he even had a full time job! But now, he sees it as a vital part of his process because he’s seen the results it delivers. He’ll literally wake up at 4:30 in the morning to fit in studying and research time. Even if you have to get creative with your timing and end up tired for a while, it’s worth taking the time to study. It’s not luck. At first, Roland thought it was luck that kept him winning in the market. He no longer believes that. Yes, he has a talent for picking great stocks, but it’s only been through augmenting that natural talent with education and research that he’s really been able to use it to his reliable advantage. In the episode, he shares his thoughts on talent versus the results delivered by consistent screen time. It’s not just about money. To really gain success as a trader, you have to develop a passion for the process. Anyone can work to make money in the short term, but as Tim Bohen says, “Are you willing to sit at that effing computer for 12 hours per day?”. Adds Roland, “If you don’t really enjoy it and you’re not passionate about it, what’s the point?”.   Roland shares his secrets   To finish out the episode, Tim and Stephen get down to nuts and bolts. They quiz Roland on his methods, including what indicators that he looks for.   They also get real, talking about the best and worst trades Roland ever made. Yeah, he’s had a few: with win rate of about 64 percent, he acts as proof positive that even hotshot traders don’t get it right all of the time. However, as the traders discuss, this doesn’t mean you can’t be profitable.   They also discuss Roland’s most reliable setups and how he approaches a trade. New traders will benefit from his universal tips that can be employed by traders at any level.

Super Trader Roland Wolf Many of our listeners are aspiring or new traders. While learning the basics of trading is important for those who are just getting started, it can be difficult to figure out how to apply this knowledge. As such, it can be extremely inspiring and helpful to learn by hearing the stories and experiences of traders who are “in the field” so to speak. Learning from the anecdotal experiences of others can be a great way to give you, as a new trader, ideas for how to apply the trading basics you learned in Season One of the Steady Trade Podcast. In Season Two, Tim and Stephen will be offering more interviews with established investors to help inspire your continued growth as a day trader. Meet Roland Wolf. In Episode 2, Tim and Stephen conduct a two-part interview an incredible up and coming trader who is regularly netting over $1,000 per day: Roland Wolf. In the trading world, Roland is one of the fastest-advancing traders Tim has ever seen, having turned $4,000 into roughly $300,000 in profits in just a few short years. Just in case you didn’t already hate him, he’s also handsome, smart, charismatic, and well-spoken: a quadruple threat! Prior to pursuing day trading, Roland was a professional soccer player who regularly traveled to far flung destinations like South America and Europe. After suffering a terrible ankle injury in Croatia, he suddenly found himself 24 years old and rudderless, without direction and without a career. Looking for investment opportunities led him to the work of Tim Sykes. After reading through Tim Sykes’ free e-guide to trading penny stocks, he decided to give it a go. Getting started When Roland started his trading career, he didn’t really know what he was doing. He was overwhelmed, and felt that he couldn’t get his finger on the pulse. In essence, he found himself chasing leads: chasing the scans, chasing alerts, chasing leads, and stumbling for direction. As host Tim says, “it’s like stepping across a minefield”. In the interview, Tim and Stephen discuss with Roland how this time was painful yet important: it taught him many of the things that clearly were not going to work, and he was able to shift his mindset to focus on what was going to make him rich. Gaining traction. As the interview progresses, you’ll learn how Roland progressed from being directionless to getting himself in gear. He recognized that on an intuitive level, he was good at choosing stocks. From there, he began to maximize his trades by pursuing what was working for him. Being under PDT at the time, his situation and budget made working with overnight holds his bread and butter. Working this way, he was able to gain a strong sense of consistency and to really begin to learn how the market worked. In retrospect, working small was a good thing: it allowed him to refine his work and it kept him from doing too much too soon. As Stephen adds, this echoes one of the best pieces of advice he received when he was starting out: “just find one or two setups and focus on them”. Breaking through So what was the tipping point that took Roland from figuring things out to big time success? In a word, education. When Roland first started, he was in essence winging it. Sure, he was watching Tim Sykes’ informational videos, but he wasn’t really putting a lot of emphasis on learning the mechanics of the market. After several rude awakenings (including a would-be $5,000 day that fizzled into a $200 payout), Roland realized that to really take his trading to the next level, he needed to invest in his education. It was this education that helped Roland really begin to make money. He’d always gone against the grain with his trading, but now, he was able to do this in an actual, intentional way. In the interview,

Who Was Jesse Livermore ? iTunes (preferred). Click Here *make sure to subscribe! Youtube. Click here Sometimes you’ve got to look to the past before you can bravely forge into the future. With that in mind, our new collection of episodes commences by hopping in a time machine and going back in time: all the way back to the turn of the 19th century (yes, that’s the 1800s-1900s) to explore the life and work of the man who is considered the very first day trader: Jesse Livermore. While times have changed quite dramatically since Livermore’s heyday, there are an unbelievable amount of lessons that we can still learn today from his work. In the episode, Tim and Stephen explore those lessons and how they can inform your work as a trader in the modern era. Who was Jesse Livermore? Jesse Livermore, who was eventually nicknamed “Boy Plunger” owing to his tendency to go heavy on the short selling side of things and pull big profits, got his start as a trader in his early teens. Today, we have Stocks to Trade and many other resources at our fingertips. However, in the late 1800s, things were a little different. Jesse’s first job was as a runner at a brokerage firm: he would literally confer with the person who was receiving stock information via telegraph, and write the information on a large board for investors to view. Without a full understanding of what stocks even were, Jesse began to notice trends in the numbers he was posting. Without realizing it, he was doing intuitively what day traders are still attempting to master today: noticing and identifying and following trends. Eventually, he decided to start betting. Bucket Shops There was no WIFI in the 1800s (the horror!). As such, the way that investors could trade was a little different. Lacking a position in a brokerage firm, speculators would actually gamble on stocks in establishments known as Bucket Shops. A Bucket Shop was really a type of gambling establishment, where individuals would bet on stock prices, but did not actually buy or sell the stock. Basically, you’d put money in the “bucket” and if the stock performed as you bet it would, you’d receive a payoff. It was kind of like betting on horses or dogs at the track, but with stocks. While a Bucket Shop could be seen as a predecessor of the “Boiler Room” made so famous in The Wolf of Wall Street, they differed in that the bets didn’t actually affect the price of the stock. It was in these Bucket Shops that Livermore began his career. He was rewarded: by the age of 15, he had made his first thousand dollars. A thousand dollars would be a cash cow to a teenager today, so imagine how incredible this would have been circa 1900! In the episode, Tim and Stephen discuss the progression of Livermore’s career and how over time he would have a big effect on the market and would gain (and lose) millions of dollars over time. Key lessons from Jesse Livermore After discussing Jesse Livermore’s fascinating story, Tim and Stephen delve into the lessons that can be learned from his career. Here are some of the key lessons we can learn: * The money is real: Perhaps due to the fact that he gained success so early, Jesse had a problem with perceiving the money he traded as being “real”. Actually, this remains a problem for traders today; Tim and Stephen discuss how to avoid this common trading mistake.   * Do your research: Jesse Livermore states that when he was certain that a stock would go up or down, it typically performed as he predicted. The problem is that this certainty doesn’t come without proper research. In the episode, Tim and Stephen offer tips for psychologically and practically preparing...

Meet the Steady Trade Podcast Season One Contest Winners, Isaac The Steady Trade Podcast is designed to help guide new traders succeed. With a “dropout” rate of about 90 percent, day trading is not for the feint of heart. However, if you’re willing to put in the work and learn how the market works, it’s extremely possible to make good money as a trader. The Steady Trade Podcast wants to take you to that place.   In the podcast, hosts Tim Bohen and Stephen Johnson help traders build the vital base knowledge that is so necessary for success. They come from different points of view and experience: Tim is an established trader with many years of experience under his belt, whereas Stephen is a new trader who is still learning the ropes. Together, they are able to present lessons and information which are accessible to traders of all levels.     But Tim and Stephen have more than just knowledge to offer. As the first season came to a close, a select few listeners won in an even bigger way: by winning the prizes from the Steady Trade Mega-Giveaway! Out of over 3,000 entries, a few lucky winners were chosen at random to win 11 different prize packages. The prizes ranged from the biggest box of Tic-Tacs you’ve ever seen to what we lovingly called the  “Greedy Little Bastard” Package, an incredible prize featuring a 55-inch Samsung 4k Ultra HD TV, the Dell Inspiron Laptop, an Oculus Rift Virtual Reality Gaming Bundle, Apple watch Series 2, Bose SoundSport wireless headphones, and yes, a big box of Tic Tacs too, plus a 12-month subscription to Stocks to Trade Pro and a 12-month admission to Timothy Sykes’ Millionaire Challenge.   Steady Trade Podcast Prize Winner Profile: Isaac   Isaac is a relatively new trader. In the beginning of August, he discovered Timothy Sykes, which led him to Stocks to Trade and Stocks to Trade Pro, which is how he discovered the podcast. He’s enjoyed all of the resources available through both Tims and Stephen.   Until recently, Isaac was really just trying to work with a few IRA accounts. Through his recent day trading research, it was a revelation to him to learn that you don’t necessarily have to have a position and follow a “buy and hope” approach to make money as a trader. However, having observed market crashes from the sidelines in the past, he’s understandably nervous about the bull market and feels he’s not educated enough yet. As such, he is very aware that it’s important to have a well rounded education on all sorts of investing.   Isaac’s next steps   Isaac wants to trade full time. The flexibility and freedom as a career and the ability to travel very much appeals to him. He wants to downsize in some ways but upgrade in terms of his lifestyle. Tim and Stephen applaud this goal and tout the flexibility as one of the great benefits of trading: after all, with a laptop, Stocks to Trade, and an internet connection, you can make it happen!   Isaac was particularly intrigued with Episode 5 of the first season, which focused on how to make a trading plan and why it’s so important. For him, the next focus is going to be continuing his education and refining his planning. After all, knowing when to get in and out of trades is a vital part of the process, and he understands that this is the type of thing that transcends the market’s current conditions. While the market will go up and down, understanding market mechanics will serve you no matter what.   He’s in the green today after a great trade, so he’s riding high. But he’s about to be riding even higher once his big prize is announced!   Isaac wins big!   No joke: this prize unveiling rivals It’s a Wonderful Life in terms of its pure heartwarming level. First,

Meet the Steady Trade Podcast Season One Contest Winner, Tim The Steady Trade Podcast started with a simple yet important goal: to help guide new traders to succeed. As many as 90 percent of day traders fail, but this isn’t because it’s too hard. It’s often because the traders in question simply haven’t received proper training and guidance. This causes them to go too far too fast, often resulting in lost money and a trading career that is over before it even begins. In the Steady Trade Podcast, hosts Tim Bohen and Stephen Johnson want to help traders build the ultra-important foundation of base knowledge that is so necessary for success. Tim is an established trader with many years of experience under his belt; Stephen is a new trader who still has a lot to learn. Together, they are able to present lessons and information that speak to traders of all levels. Everyone wins simply by listening to the podcast. However, the first season came to a close, a select few listeners won in an even bigger way: by winning the prizes from the Steady Trade Mega-Giveaway! Out of over 3,000 entries, a few lucky winners were chosen at random to win 11 different prize packages. The prizes ranged from the biggest box of Tic-Tacs you’ve ever seen to what we lovingly called the  “Greedy Little Bastard” Package, an incredible prize featuring a 55-inch Samsung 4k Ultra HD TV, the Dell Inspiron Laptop, an Oculus Rift Virtual Reality Gaming Bundle, Apple watch Series 2, Bose SoundSport wireless headphones, and yes, a big box of Tic Tacs too, plus a 12-month subscription to Stocks to Trade Pro and a 12-month admission to Timothy Sykes’ Millionaire Challenge. Steady Trade Podcast Prize Winner Profile: Tim Apparently Tim is a lucky name to have as a trader! After all, prominent traders on the scene include Tim Sykes, Tim Bohen, and now Tim, new trader and Steady Trade Podcast winner! Day trading has been on Tim’s radar since 2013 or so, but at the time he had to focus on paying off some debt, so investing went on the back burner. But when the Tim Sykes Millionaire Challenge came about, it sparked his interest anew. In a better place financially, winner Tim decided it was time to circle back around to trading. Still identifying very much as a new trader, Tim has yet to go live with his trading. He’s currently in the “watchful waiting” phase of his career, trying to sort out how the market works and how to make wise and calculated risks with potential investments. As for the podcast? His review is glowing: “I love it. It’s one of those things that I look forward to every week.” Episode 5, which focused on the importance of making a trading plan, was his favorite from Season One, because this is something that he has struggled with and it was very helpful to hear the other Tim and Stephen’s words of advice. Tim’s next steps Tim is continuing to survey the lay of the land in the world of trading, and is hoping to go live or begin paper trading in January.   Tim B. and Stephen congratulate winner Tim on taking this long view on his career rather than falling prey to the all too common “this must happen today” mentality that ultimately makes so many traders flame out. Really, why must there be a big rush? Like anything, it takes time to learn how to trade. Tim has a great view on his progression, figuring that once you begin to practice and it becomes normal, that’s when you can really begin to focus on making some money. But for now, he’s happy to just continue learning and figuring out what makes stocks move. Tim wins big! Stephen says that he wants winner Tim to watch trading content til his eyes bleed. The only problem? Tim doesn’t own a TV. Well, he didn’t own a TV until now! As Tim B. and Stephen are happy to reveal, he’s now got the perfect viewing vessel for his continued education: he’...

The Steady Trade Podcast Season One Prize Winners: Marissa and Nick The Steady Trade Podcast was created as a resource for traders, with the aim of helping them learn how to become successful day traders. The podcast, which is hosted by traders Tim Bohen and Stephen Johnson, features an extremely user-friendly format. The two traders, who are at different points in their careers, come together to offer lessons and impart information that can help new traders set up a strong foundation of knowledge. While all traders will win at life simply by listening to the podcast, as the first season of the Steady Trade Podcast same to a close, a few lucky winners won some real, live, hold-em-in-your-arms prizes as well.   With over 3,000 entries, there were a lot of traders who wanted to win big! The 11 different potential prize packages included items ranging from gag-like (the biggest box of Tic-Tacs you’ve ever seen) to what we lovingly called the  “Greedy Little Bastard” Package, an incredible prize featuring a 55-inch Samsung 4k Ultra HD TV, the Dell Inspiron Laptop, an Oculus Rift Virtual Reality Gaming Bundle, Apple watch Series 2, Bose SoundSport wireless headphones, and yes, a big box of Tic Tacs too, plus a 12-month subscription to Stocks to Trade Pro and a 12-month admission to Timothy Sykes’ Millionaire Challenge.   Steady Trade Podcast Prize Winner Profiles: Marissa and Nick   The couple that trades together, stays together–isn’t that what the parable says? Tim and Stephen are delighted to have their first phone call with a married couple who is trading as a team. As it turns out, they had no problem finding the Steady Trade Podcast right after it was released. After all, they are both part of the Millionaire Challenge and are both members of Stocks to Trade Pro, so the podcast was on their radar fairly quickly after it came out, and they wasted no time before they listened!   Both Marissa and Nick love how the podcast presents information a little differently; both consider it a great way to augment and inform their advancing trading journey. They love listening to the podcast at the gym while doing cardio, but have admittedly gotten some strange looks when they start laughing at Tim and Stephen’s banter while listening to their headphones on gym equipment!   Marissa and Nick’s next steps   Tim and Stephen are sick of each other, so they’d much rather hear about what’s going on with Marissa and Nick’s trading career. This is the third week of the married couple’s trading. While they have had ups and downs, they have so far been able to cut their losses quickly, so they are already learning a lot. They’re both excited to share that this week they have found themselves in the green!   Tim is amazed by this revelation, and congratulates them–after all, if you can consider yourself in the green at any point in your first three weeks of trading, you’ve got to be doing something right. This is absolutely something to be proud of, but he cautions that they shouldn’t become cocky: it is still early, and they don’t want to become complacent (a surefire road to ruin for traders).   Happily, Marissa and Nick are on the same page, and are focusing on refining their trading. They’ve been experimenting in holding back, because they see this as something for the long haul versus getting caught up in the heat of trading and making their investments too risky. They’ve also been reading The Psychology of Trading, which has proven an invaluable book to them.   Marissa and Nick win big!   Marissa and Nick just bought a new laptop, because their old one was running slowly and holding back their trading. However,

The Steady Trade Podcast Season One Prize Winners: Craig The Steady Trade Podcast: Craig started with a simple goal: to help our listeners progress from curiosity about day trading to making it an actual, and profitable reality. We strive to attain this goal by offering easy to follow lessons and straightforward information designed to help listeners cultivate the skills and knowledge base that is necessary to succeed in a day trading career. Everyone wins by gaining knowledge from the podcast. But as the first season of the Steady Trade Podcast came to a close, a few lucky winners won in a much more tangible way as we chose the winners of our Season One Mega-Giveaway Contest!   This incredible giveaway included 11 different prize packages, ranging from the biggest box of Tic-Tacs you’ve ever seen to what we lovingly called the  “Greedy Little Bastard” Package, an incredible prize featuring a 55-inch Samsung 4k Ultra HD TV, the Dell Inspiron Laptop, an Oculus Rift Virtual Reality Gaming Bundle, Apple watch Series 2, Bose SoundSport wireless headphones, and yes, a big box of Tic Tacs too, plus a 12-month subscription to Stocks to Trade Pro and a 12-month admission to Timothy Sykes’ Millionaire Challenge.   Steady Trade Podcast Prize Winner Profile: Craig   When Tim and Stephen call Craig, he identifies that he’s speaking to them from the South Pacific, making it one of the most geographically cosmopolitan party lines the podcast has enjoyed to date (Tim is in the USA; Stephen is in Dubai).   From his coconut phone on his private tropical island (fine, not really), Craig reveals that his interest in trading began several months ago. He first discovered Tim Sykes, which led him to Tim Bohen and Stocks to Trade. He immediately loved the site, and appreciated the fact that it was built by traders for traders. For the past four months he’s pored over the Stocks to Trade YouTube channel, learning all that he can. So when the Steady Trade Podcast began, his reaction was “aw, sweet!”. He’s listened to all of the episodes, some of them multiple times.   Craig also enjoyed discovering Stephen’s YouTube channel too, and has been following the young trader’s journey toward success.   While Craig is a fan of both Tim and Stephen’s work respectively, for him the true magic happens when the Steady Trade Podcast hosts come together. Not only are Tim and Stephen hilarious, but they have a great knack for imparting valuable trading information as a team.   Watching the videos in addition to listening to the podcast has truly made Craig feel like he has gotten to know Tim and Stephen, and he feels that this has helped him learn in a more connected way.     Craig’s next steps   As a new trader, a lot of the information shared on the podcast was new to Craig. He is currently most intrigued by the idea of short selling and the profits to be made using this trading method, but still feels somewhat intimidated by it.   Tim and Stephen talk briefly about short selling, offering some quick tips and their thoughts on why it’s great to learn more about it. However, they also caution that a trader should never put all of his or her eggs in one basket, so to speak. As Tim puts it, trading has trends just like the fashion industry: while short selling is really a hot method of trading right now, this can change. However, having the knowledge base is valuable because undoubtedly it will come back in fashion even if it fades. As for Stephen? His mind is blown by the fact that that Tim knows anything about fashion.  

Over 3,000 people entered the Season One give-a-way contest.  Today’s guest, Keith, was the lucky winner of one of our gag gifts — a massive box of Tic Tacs (seriously, that sucker is HUGE!)  Listen in as Tim and Stephen break the news. The Steady Trade Podcast Season One Prize Winners: Keith The Steady Trade Podcast began with a desire to help our listeners turn their dream of trading into a reality. We do this by offering easy-to-understand lessons and sharing resources designed to listeners develop the skills and knowledge base necessary to succeed as day traders. However, as the first season of the Steady Trade Podcast came to a close, certain listeners benefited from some more tangible rewards: by winning the incredible prizes offered in our Season One Mega-Giveaway Contest! All in all, the giveaway included 11 different prize packages, starting with the biggest box of Tic-Tacs you’ve ever seen to what we lovingly called the  “Greedy Little Bastard” Package, an incredible prize featuring a 55-inch Samsung 4k Ultra HD TV, the Dell Inspiron Laptop, an Oculus Rift Virtual Reality Gaming Bundle, Apple watch Series 2, Bose SoundSport wireless headphones, and yes, a big box of Tic Tacs too, plus a 12-month subscription to Stocks to Trade Pro and a 12-month admission to Timothy Sykes’ Millionaire Challenge. Steady Trade Podcast Prize Winner Profile: Keith Keith is a brand new trader, with only a little over a month of experience at this point. After losing his job of 10 years in May, it seemed like the right time to try something new, and he became interested in trying his hand at trading. Keith decided to give it a go with some of his saved money. After receiving an email recommending the Steady Trade Podcast, he checked it out and got hooked. Clearly, the show has resonated with him; as Tim and Stephen ask what he’s enjoyed about the show, he responds “Right now, everything”. As a brand new trader finding his way, in many ways he is the ideal listener for this podcast, as he is learning from the ground up! Moreover, Keith really appreciated how the show takes a very realistic approach toward trading. There are no promises that you’re going to get rich overnight, and the show doesn’t paint trading in a “too good to be true” sort of light. The Steady Trade Podcast offers a realistic look at trading that is inclusive and optimistic but not pie in the sky. Keith really enjoyed the “steady” aspect of the Steady Trade Podcast, because ultimately, he’s not looking to get rich quick, but to create a sustainable source of income for years to come. Keith’s next steps Tim and Stephen were happy to learn that Keith really gets the idea of trading and is happy to build slowly. They are able to offer some helpful advice to keep him on track, as Keith is in the “trial and error” phase of trading and has already experienced a few setbacks. Offering personal advice and anecdotes, they offer Keith some specific pointers on proceeding and furthering his understanding of understanding stock charts. Stephen urges Keith to stick with his commitment and to trade small as he learns (see how that young “green” trader host has become so much wiser after just one season of hosting the podcast?), and Tim offers specific advice on favored methods for monitoring charts and letting the trading journey unfold. Keith wins big! Keith receives a lot of winning advice in this episode, but he doesn’t just walk away with words. As Tim and Stephen are delighted to reveal, Keith has been selected as the winner of one of the most coveted giveaway items: the giant box of Tic-Tacs! Not only will the Steady Trade Podcast help him become a great trader by helping him develop skills and techniques for trading, but it’s also giving him the great gift of fresh breath for…well,

Over 3,000 people entered the Season One give-a-way contest.  Today’s guest, Kristen, was the lucky winner of Bose SoundSport wireless headphones.  Listen in as Tim and Stephen break the news. The Steady Trade Podcast Season One Contest Winners: Kristen The Steady Trade Podcast was borne out of a desire to help our listeners win at life by developing the skills and knowledge base necessary to succeed as day traders. But as the first season of the Steady Trade Podcast came to a close, certain listeners won big in a different way: by scoring some of the incredible prizes offered in our Season One Mega-Giveaway Contest! In total, the giveaway included 11 different prize packages, ranging from the biggest box of Tic-Tacs you’ve ever seen to what we lovingly called the  “Greedy Little Bastard” Package, a staggeringly awesome prize including a 55-inch Samsung 4k Ultra HD TV, the Dell Inspiron Laptop, an Oculus Rift Virtual Reality Gaming Bundle, Apple watch Series 2, Bose SoundSport wireless headphones, and yes, a big box of Tic Tacs too, plus a 12-month subscription to Stocks to Trade Pro and a 12-month admission to Timothy Sykes’ Millionaire Challenge. Steady Trade Podcast Prize Winner Profile: Kristen Out of over 3,000 entries to the Season One Mega-Giveaway Contest, listener Kristen was chosen as one of the winners! But before they tell her what she’s won, Tim and Stephen want to know about her trading story and how she ended up listening to the podcast. Kristen is a brand new trader, still very much in the important research phase of her journey. Naturally, in her online research she’d come across the work of Tim Sykes, and it was via his mention that she discovered Stocks to Trade and subsequently, the Steady Trade Podcast. Upon discovering the Steady Trade Podcast, Kristen listened to all of the episodes. As an aspiring trader, she has found the information incredibly helpful and enabling. One of the things she found most intriguing about the podcast was Tim and Stephen’s very different backgrounds. She loved learning from Tim’s vast base of knowledge, but she also appreciated learning from Stephen’s point of view as a new trader, which felt highly relatable to her and took some of the fear out of being a beginner. It made her feel like she could do it, too! Another big takeaway for Kristen from Season One of the Steady Trade Podcast? Ultimately, that trading doesn’t have to be as risky as its reputation leads many to believe. While yes, she realizes that with trading comes risk, she also feels as though the more you begin to understand stocks, the more you can mitigate risk and make a steady income. Kristen’s next steps In her discussion with Tim and Stephen, Kristen discusses potential actionable steps to further her career in trading. First, they discuss the benefits of programs like the Timothy Sykes Millionaire Challenge. Stephen offers his thoughts on the program, having been part of it for the past 11 months, which is documented on his YouTube channel. Tim also shares his thoughts, having been exposed to Timothy Sykes’ work since even before the Millionaire Challenge was established. Stephen also suggests joining the Stocks to Trade Pro team, another incredible resource to help nurture new traders. Moreover, Tim and Stephen give Kristen several ideas for developing a style as a trader and potential next steps. They all decide to get back in touch next season to see how she’s doing! Kristen wins big! Sure, information and guidance are invaluable resources to have on hand, but what about the big giveaway? What did she win? Tim and Stephen reveal that Kristen has won the Bose So...

Steady Trade Contest Winners : Ryan Over 3,000 people entered the Season One give-a-way contest.  Today’s guest, Ryan, was the lucky winner of an Apple Watch.  Listen in as Tim and Stephen break the news. The Steady Trade Podcast Season One Prize Winners: Ryan The Steady Trade Podcast began with a simple goal: to help the aspiring trader progress from initial curiosity to an actual, successful, and sustainable trading career. Hosts Tim Bohen and Stephen Johnson attain this goal by offering user-friendly lessons, anecdotal stories, and sharing resources which are meant to help listeners develop the skills and knowledge base which is so vital to success as a day trader. Every aspiring trader can benefit from the wisdom of each episode; however, as the first season of the Steady Trade Podcast closed, a few lucky listeners received some far more tactile rewards by winning the incredible prizes offered in our Season One Mega-Giveaway Contest! The Season One Mega-Giveaway Contest was composed of 11 different prize packages in total, ranging from the biggest box of Tic-Tacs you’ve ever seen to what we lovingly called the  “Greedy Little Bastard” Package, an incredible assemblage of prizes featuring a 55-inch Samsung 4k Ultra HD TV, the Dell Inspiron Laptop, an Oculus Rift Virtual Reality Gaming Bundle, Apple watch Series 2, Bose SoundSport wireless headphones, and yes, a big box of Tic Tacs too, plus a 12-month subscription to Stocks to Trade Pro and a 12-month admission to Timothy Sykes’ Millionaire Challenge. Steady Trade Podcast Prize Winner Profile: Ryan In this mini-sode, Tim and Stephen talk with Ryan, who is ramping up his trading along with the Steady Trade Podcast. Ryan was chosen at random from over 3,000 entries to the contest as a winner! But before they reveal to Ryan what he has won, Tim and Stephen want to pick his brain a little bit. Ryan found out about the Steady Trade Podcast via the StocksToTrade email list, and has been enjoying the episode by episode progression of the show. While Ryan has learned a lot from each episode, one of his favorite things about the show is actually the delivery. He loves the juxtaposition of humor and comedy along with the serious information offered in each episode. Turns out, a spoonful of sugar (and by that we mean Tim and Stephen’s impossibly witty banter) does help the medicine go down! Ryan’s next steps In discussing how Ryan can progress as a trader, he brings up the subject of a trading plan with Tim and Stephen. The mini-sode offers an unexpected reveal as Glen, who has been behind the scenes all along, jumps in to read aloud a question that Ryan posted on the Steady Trade Podcast website. As Glen disappears again behind his Wizard of Oz-like curtain, the conversation turns to the importance of making a trading plan, and some ways to streamline the process. In following the teachings of the Steady Trade Podcast , Ryan has determined that a trading plan really boils down to taking calculated risks. In essence, to make a risk calculated, one must enter the trade with a thesis, the ability to evaluate risk prior to making the trade, and having a target goal so that you can know when to pull out and take profits if things aren’t working out as planned. Impressed with Ryan’s prowess, Tim and Stephen discuss further refinements to trading plans, including being intuitive within your plan, but then using a chart to back it up with some scientific research. They offer advice on how to balance your gut instinct with hard facts to make the best trades possible. Ultimately, a combination of intuition and facts can help you evaluate if the risk is worth it, how to adjust your position size, and how to make a plan that seems realistic. Ryan wins big!