How to Trade, Travel, and Stay Profitable
In episode 507 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Troy Noonan from Backpack Trader to talk about consistent trading while traveling. Troy shares his insights on trading strategies, the importance of a solid trade plan, and the psychological aspects of trading.
The video is also available for you to watch on YouTube.
Topics Covered In This Episode
- 00:00 Introduction
- 00:46 What is different with Troy since his last interview
- 02:37 The Importance of a Trade Plan in uncertain markets
- 04:14 What chart patterns does Troy use to trade
- 07:22 Do Traditional Chart patterns still work
- 11:15 The importance of data and trading psychology
- 12:38 Day Trading vs. Swing Trading for Troy's lifestyle
- 16:05 Why you need to Build a Trading System
- 16:59 The Business of Trading
- 19:20 Managing Time and Attention in Trading
- 22:50 The Power of Quitting
- 27:38 How to Evaluate Trading Strategies
- 32:18 Where to find Troy Noonan (link 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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