148: Stocks Trader Routines & Strategies To Get Wealthy - Jerremy Newsome
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
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Show Notes
In episode 148 of the Desire To Trade Podcast, I interview Jerremy Newsome, CEO and co-founder of RealLifeTrading in the US. I interviewed him a few episodes back (Episode 113) but today we go more in detail into what he trades, the strategies and also the routine he follows on a daily basis.
In this podcast, one topic we touch on in this interview which I think we never talked about before, is what does it take to become wealthy from trading. This is major because you cannot just trade day to day and become a wealthy trader. The definition of being wealthy, as Jeremy says, is "being able to make money while you sleep" -- and that won't happen with trading most of the time.
SPONSOR: Join Jerremy Newsome's trading room during the open house week for FREE!
Topics Covered In This Episode- Who Jerremy is and what he does [2:23]
- What are Jerremy's routines, things he does on a daily basis, things that make him a better trader and the strategies behind them [3:55]
- Why Jerremy looks at volume and what he wants to see [6:40]
- How he looks at a daily/weekly chart and 500 chart [12:58]
- Why Jerremy sells on a bullish volume [15:25]
- How Jerremy profits on the different scenarios [16:42]
- Building wealth and investing part of it to trade [21:50]
- How Jerremy manages when he travels to a different place [23:15]
- How Jerremy works when he's trading [27:18]
- Entering one or multiple trades at a time [29:03]
- How volume is more important for upward breakout than downward breakdown [31:37]
- Jerremy's open house trading room at Real Life Trading [35:56]
- Biggest pitfalls traders make [38:08]
- Separating his long-term stuff as opposed to short-term, having different trading accounts [40:49]
- Things to do to become a profitable trader if you're just starting from scratch [43:52]
- Pros and cons of focusing on the stock market in your country [49:04]
- Jerremy's advice for people trading [54:30]
- And many more!
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Book: Tony Robbins' Awaken The Giant Within
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Book: Tony Robbins' Unleash the Power Within
- 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)
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!