Wealth Building Mindset For Traders
In episode 503 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Navin Prithyani, discussing wealth-building mindset for traders. Let's delve into the world of trading, exploring its role as a cash flow engine and how it intertwines with other business ventures.
The video is also available for you to watch on YouTube.
Topics Covered In This Episode
- 00:00 Introduction
- 00:44 What’s new with Navin Prithyani?
- 01:17 Trading as a cash flow engine
- 02:51 Expanding horizons: from trading to veterinary clinics
- 04:54 Consistency is the key to success
- 06:30 Navigating market volatility
- 08:01 Investing profits instead of buying things
- 11:26 Understanding drawdowns and risk management
- 17:03 Scaling into trades: a strategic approach
- 18:51 Taking profits
- 19:38 Common trading mistakes and learning curves
- 20:49 Wealth generation beyond trading
- 22:21 Where to find Navin Prithyani (links below)
What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!
Desire To Trade's Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Recommended brokers:
- Desire To TRADE Academy
- Get a copy of Prop Trading Secrets (Author: Kathy Lien & Etienne Crete)
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