Snowballing Losses and the Courage to Come Clean, Heal & Rebuild · Alexander Moreno

EP 258 | Snowballing Losses and the Courage to Come Clean, Heal & Rebuild | Alexander Moreno
Dedicating significant hours to books and market analysis, Alexander Moreno sought regular counsel from a seasoned trading mentor. After refining his abilities through months of paper trading, he ventured into live trading, reaping consistent profits as planned. This success bolstered his confidence to trade full-time as a livelihood. However, the unforeseen market turbulence in 2008 unleashed his psychological struggles, leading to impulsive trading and ultimately, homelessness. This harrowing experience granted Alexander invaluable insights that he now imparts to others.
This might be one of the most important episodes to listen to in a while when it comes to the topic of frank discussion on losses in trading and the practicality of managing risks so that traders can stay in the game long enough to have the opportunity to learn and improve.
* NEED ACCOUNTABILITY IN YOUR TRADING JOURNEY? LEARN ABOUT THE TRADERS ACCOUNTABILITY PROGRAM BROUGHT TO YOU BY THE CWT COMMUNITY: community.chatwithtraders.com/
Topics & Timestamps:
Please note: Exact times will vary depending on current ads.
0:00 Background
4:10 Well prepared for trading
5:40 Type of trader and strategy
9:27 Trading as a primary source of income
11:30 Calculate the percentage return needed for living expenses
12:52 How small early losses lead to homelessness
16:35 Adding risk without being reckless
17:50 Impacted by revenge trading?
24:55 Need for income created pressure to take poor trades
28:10 When Alexander hit rock bottom
31:50 Process of starting over
33:45 “Your current mindset is not built for stock trading”
36:35 Best ways to train our emotions
42:25 Reasons for block trading
46:30 Staying alive long enough to learn the process
48:15 What is the flow state and how do we get there
51:30 How to avoid over trading
53:15 Differences between professional and novice traders
55:06 What Alexander struggles with most in trading
59:10 What Alexander focuses on to trade and helping people
63:00 How to get in touch with Alexander
See more show notes here:
chatwithtraders.com/258
Links & Resources:
Alexander@TraderHelp101.com [Email]
www.traderhelp101.com/
www.youtube.com/@TraderHelp10...
* NEED ACCOUNTABILITY IN YOUR TRADING JOURNEY? LEARN ABOUT THE TRADERS ACCOUNTABILITY PROGRAM BROUGHT TO YOU BY THE CWT COMMUNITY: chatwithtraders.com/community/
DISCLAIMER:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
#stocktrading #tradingloss #tradingpsychology

Пікірлер: 39

  • @TraderHelp101
    @TraderHelp101 Жыл бұрын

    Hi, I want to THANK Tessa, Ian and the entire CWT community for giving me the opportunity to share.🎉🙏 Learning how to trade is very exciting. During this process many mistakes will happen. The biggest mistake is not calculating how much you are will to lose on every trade. There are many aspects of trading you have to learn and learning how to control your losses to a small amount when you are wrong is important. The best part about educating traders of Risk Management is, it doesn't matter how, what, or when you trade. When you exit a losing trade make sure it's a small loss. Every trading strategy will produce losing trades. It's unavoidable. What you want to avoid is devastating losses. Thank you everyone once again and until next time, many blessings Trade SAFE!🙏❤️ -Alexander

  • @lourdesecheverria6209

    @lourdesecheverria6209

    8 ай бұрын

    Thank you for your honesty and wisdom. Much love!

  • @hydropotimus
    @hydropotimus Жыл бұрын

    This episode makes me cry, a tremendous amount. I am that obsessive, needing money now for rent, retail trader. I need more of Alexander Moreno in my life.

  • @stevens3388
    @stevens33882 ай бұрын

    Some great takeaways, I liked where he said that, 'there are Alot of risks in the market, and the biggest risk is you'. I'm not sure I agree that risk management is an emotional endeavor...risk management for me is set in stone and should not be swayed on emotion. The risk management parameters such as RR, Daily DD, No. Of trades, when to add to positions, time of day. I think that psychology is definitely the most important aspect tho. The resilience this man has shown to bounce back from homelessness (if true) is what makes every great trader. Hitting rock bottom. LORD knows I've cried a couple of times in the shower. Lol. This was a great episode. The greatest psychological conundrum a trader has, is to understand their position size, and if their position is not big enough to hurt you if it ends up in a loss...but big enough to be a satisfactory win to grow your account. Trading is definitely a science...bit it's also an art.

  • @buranalim
    @buranalim4 ай бұрын

    This is one of the best interview I’ve ever listen to. Very easy to digest for new trader.

  • @LostOneTrades
    @LostOneTrades Жыл бұрын

    What a great pod!! The lows and highs of trading are very real

  • @tamask
    @tamask5 ай бұрын

    Notes 21:50 Difficulty of identifying all aspects of a move 27:30 Dangers of losing control and becoming a gambler 30:40 Rock bottom 38:25 You need to go through your losses, live!

  • @Godkingjay
    @Godkingjay Жыл бұрын

    This guy pretty much described my journey

  • @MrFOX-uj2ex
    @MrFOX-uj2ex Жыл бұрын

    Loved this one. Alexander sounds like very down to earth person.

  • @TraderHelp101

    @TraderHelp101

    Жыл бұрын

    Hi, Thank you very much for your kind words 🙏 -Alexander

  • @MaraWealth
    @MaraWealth Жыл бұрын

    Great interview! Emotional intelligence can be a super power when it comes to trading.

  • @noelghallager4672
    @noelghallager46726 ай бұрын

    Great episode 🙏

  • @peterxiong3475
    @peterxiong3475 Жыл бұрын

    Love the pod, very insightful to all the ups and downs as a day trader!

  • @Stockafella
    @Stockafella Жыл бұрын

    Great Interview!

  • @TraderHelp101

    @TraderHelp101

    Жыл бұрын

    Hi, Thank you for leaving a comment. Very happy you enjoyed it.🙏 Trade safe! --Alexander

  • @Nelford76
    @Nelford76 Жыл бұрын

    Those losses are pretty accurate

  • @hydropotimus
    @hydropotimus Жыл бұрын

    Great Stuff! Great questions, Great stories! Great is a weird word, man.

  • @shakambarix
    @shakambarix Жыл бұрын

    What a great insight thanks for all of you

  • @galop9671
    @galop9671 Жыл бұрын

    Awesome interview

  • @sidneestocks
    @sidneestocks Жыл бұрын

    That was a great podcast!!

  • @princeofpips3400
    @princeofpips3400 Жыл бұрын

    Can't wait to hear this!

  • @TraderHelp101

    @TraderHelp101

    Жыл бұрын

    Hi, Appreciate it 🙏Thank YOU for taking the time to listen. It's important to gather the strength to close a losing trade. Especially when the loss is small. It's a part of trading ✅ You can always add on more risk without being reckless🧘‍♂️ Trade Safe! -Alexander

  • @artura3553
    @artura3553 Жыл бұрын

    Alexander, thank you so much. I was in similar position but not as bad as you. God bless you and all the best for you

  • @TraderHelp101

    @TraderHelp101

    Жыл бұрын

    Hi, Appreciate your time. Hope it turned out well. One lesson I can share is to forgive yourself as fast as possible. Don't carry a bad past to a beautiful future that awaits you. Be present to be open to your future. Thanks for sharing 🙏🏋️‍♀️ Trade SAFE! -Alexander

  • @artura3553

    @artura3553

    Жыл бұрын

    @@TraderHelp101 Thank you again. That is so well said, what you wrote. I never saw something so good, really! I am in the process of forgiving myself and thanks to you I have progressed with that. Yes, I am Ok financially now. Alexander I am gratefull to you for your inspiring story. I wish you all the best! Really, take care, be happy and well. Good luck in your life.

  • @robertk6377
    @robertk6377 Жыл бұрын

    Great interview! Great advice..... Highley recommended listening. Thank you.

  • @TraderHelp101

    @TraderHelp101

    Жыл бұрын

    Hi Robert, Appreciate your time and kind words.🙏 Trading too aggressive for new traders creates huge set backs. Their learning most of the time is stopped short because of huge losses. Trade slow and survive a year of trading so you can learn about the markets and yourself. Trade Safe!✅ -Alexander

  • @hamisintunzwenimana8083
    @hamisintunzwenimana808310 ай бұрын

    Good General 1. Position Sizing / Learning process

  • @LornaLitzful
    @LornaLitzful Жыл бұрын

    Great interview! Sharing on my social platforms now. This is important information for everyone to know. Has he done a TED talk? I’d love to see him. If he hasn’t, he is well on his way. Good luck and God bless Alexander!!

  • @ssrwarrior7978
    @ssrwarrior7978 Жыл бұрын

    This is awesome episode

  • @Gwdufsm
    @Gwdufsm Жыл бұрын

    great podcast. I almost got to this guys situation. but things turned around for me.... btw where is errands the Aussie dude? did he sell his podcast?

  • @rafaelosorio2251
    @rafaelosorio2251 Жыл бұрын

    I didn't know Ron Jeremy was a trader.

  • @jaysteve4442
    @jaysteve4442 Жыл бұрын

    Where did the Aussie dude go?

  • @traderlope1164

    @traderlope1164

    Жыл бұрын

    😂 he stepped away awhile ago

  • @jaysteve4442

    @jaysteve4442

    Жыл бұрын

    @@traderlope1164 too bad. I listened to all the old ones years ago. He helped me get started trading. He was a good dude. I’m sure the new hosts are good too

  • @traderlope1164

    @traderlope1164

    Жыл бұрын

    @@jaysteve4442 yeah it is, they’re okay honestly Aaron was a g

  • @traderlope1164
    @traderlope1164 Жыл бұрын

    I’m sorry but an interviewer who responds “mhm” to every reply to a question and then moves on to next one without acknowledging anything the dude said makes this low quality for me. Just my thoughts but man

  • @ChatWithTradersPodcast

    @ChatWithTradersPodcast

    Жыл бұрын

    Thanks for your feedback. Will keep that in mind.

  • @_M_D_M_

    @_M_D_M_

    Жыл бұрын

    Come on man. The question following the mm hmm was never disconnected to the topic of discussion and the previous question. Its a conversation.