Mind Your Business - Be Like An Employee · Mark Bennell
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- Опубликовано: 31 май 2024
- EP 266 | Mind Your Business - Be Like an Employee | Mark Bennell
An engineer at the core, Mark Bennell, a Private Trader who has been trading full-time for 15 years breaks down what it really means to “Treat Trading As a Business” and why this mindset was incredibly important in turning his trading around and why it has kept him in the game for this long.
About Mark Bennell
Mark Bennell is a Private Trader who has been trading for the last 18 years, 15 of those being as a full time trader. He holds a Diploma in Technical Analysis, a Diploma in Share Trading and Investment and the International Accreditation as a Certified Financial Technician (CFTe). His trading preferences include discretionary swing trading, scalping Australian equities, and swing trading and scalping the Forex markets.
Mark is also a trading mentor and enjoys utilizing his knowledge and experience to conduct live daily analysis on the Forex, Commodities and Indices markets, weekly workshop sessions and assisting others on their journey to become consistent traders. He has also been on stage and presented for the Australian Technical Analysts Association - Victorian Chapter and National Conference, and appeared in Trader’s Edge magazine in Australia, ‘Traders Story’ article.
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.
Topics & Timestamps:
Please note: Exact times will vary depending on current ads.
0:00 Intro and Background
12:30 Hard Times
16:30 Aha Moments
18:30 Low Barriers to Entry
22:20 Treating Trading as a Business
26:00 Trading Business Plan
28:00 Be the Employee of Your Business
29:35 Who Are You Accountable to?
32:40 Reframe Your Thinking from a Business Perspective
34:00 Importance of Journaling
36:00 Business Plan vs Trading Plan
38:30 Trading Psychology Plan
46:00 SWOT Analysis
56:30 Celebrate Your Successes
1:11:51 Struggles
1:17:00 Trade-Life Balance
1:25:00 How to Reach Mark
Links & Resources
Website: www.integritytrading.com.au/
Member of Chat With Traders Community
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#daytrading #stocktrading #tradingmindset
More business approaches to the markets, this helps a lot.
Great interview
One of the best recent episodes. Will definitely need to re-listen to this one again soon. Thanks CWT team and Mark!
I believe without evidence, that most of the comments like yours have been paid for. Not picking on you in particular but this is my experience in the real world.
@@johnodonoghue651 lol what?
@@LakesideTradeshe basically thinks you're a bot haha.
If I ever did a CWT episode to rant about what I have learned, it would be this. This is the type of advice that a beginner glosses over and stumbles on many years later only to realize that this was all pin point accurate.
Great
General
1. Business Planning / Journaling
2. Psychology / Learning Process
Thanks for always giving me content to improve myself
This is a great interview!
It would be nice if CWT would take 2 minutes and ask traders for book recommendations. I think that would help a lot.
We will consider this. Thanks for the feedback.
Great guest. This guy provided lots of valuable insight
Thanks for this interview. It really puts my journey in perspective. I started trading before the March 2020 crash. Swing trading untill it didnt work anymore. Did quite well. Switched to intraday. Total different ball game. Blew up. Got a job. Couldnt trade my edge anymore since that was primarily in Pre-Market sessions. Switched to SPY Options.
Even if i will never get this right. The journey of self discovery and self development is totally worth it.
SPY options are a good place to be. High liquidity and stable. Make sure you are following strict bankroll management, and that means no more than 5% of your roll per trade ( this can go lower as your roll grows ). Discipline is the name of the game. A trader in pursuit will eventually hit the wall where they realize this game is about discipline, reviewing trades and journaling. This is where it ends for many folks.
My advice is to find a few traders on the pursuit and review each other's trades. I cannot stress how valuable and important this is.
Sounds a lot like my journey lol I think for a lot of people
Trading has made me the person I am today. Recently my lesson from trading have been helping me when applied to my everyday life. Ive never been so determined at something to learn these things about myself. Forever grateful for this journey. Keep going!
This episode was AWESOME! Just what I needed! Thank you so much for sharing! Loved it!
Awesome Epic!
Great channel, much enjoying to listen these interviews with traders . Lots of gem
I love your voice Tessa😍
Great knowledge bro ❤❤❤❤ big fan of your work ❤❤
ngl i liked tessa interviewing more haha its more engaging.
Facts shes way better. Really miss Aaron tho they would’ve been great together
@@traderlope1164 ikr!! He sounded like he was actually curious and passionate, not saying current host isn’t but Aron was good at showing that
@@Talearchive he knew his stuff, his guests, and was really good with organizing the flow of the interview. Maybe we get ‘em back one day lol
Aron is the goat. He will be back right?
Great interview Tessa!! I got a lot out of this one
Why this is good? He's not a hyped up gambling crapto newbie. Good interview
First!
its arguable to call trading a business..
its more a psychological discipline
Tessa let's date
Simp
Where's the original host of this podcast? Honest feedback - Tessa needs a lot more practice before she is ready to host.