Discipline Over Dollars: Mastering the Mindset of Successful Trading with Terrence
Welcome to the Forged Trader Podcast with Gates Adams! In this episode, Gates interviews Terrence, aka Coach Roach, a successful Apex-funded trader. Terrence shares his inspiring journey from pest control to trading, emphasizing the crucial role of mindset over strategy. They discuss the importance of discipline and the psychological aspects of trading, highlighting how a structured mental approach can lead to long-term success. Terrence recounts his early experiences, the lessons learned, and how he developed his trading discipline. Gates and Terrence also delve into the practicalities of trading funded accounts, offering valuable insights for aspiring traders.
"There are a million ways to trade successfully, but it's the mindset and psychology that make the real difference."
What you will learn:
Early Learning and Challenges
Psychology and Discipline in Trading
Trading Strategy and Process
Learning from Mistakes and Continuous Improvement
Connect with Gates Adams:
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RISK DISCLOSURE:
Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading, and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLOSURE:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses is material points, which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program, which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect trading results.
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