292. Trading Nut

The 4 Key Phases to Becoming a Profitable Trader (Step-by-Step Breakdown)

Jordan Dejoie

33 mins

In this episode, Jordan Dejoie shares his six-year trading journey, emphasizing the importance of understanding both the technical and emotional aspects of trading. He outlines four phases of a trader’s journey: Beginner, Intermediate, Advanced Intermediate, and Advanced, each with its unique challenges.

Jordan highlights the necessity of developing a personal trading strategy, managing emotional triggers, and maintaining patience. He advises new traders to start with free resources, invest in structured courses, and embrace the long-term nature of trading. His insights offer valuable guidance for achieving consistent profitability.

Podcast Interview

Listen to the audio

Jordan Dejoie

0:00—:—

Strategy Breakdown

Key Lessons

[00:59] Making money is one thing. Keeping the money is a whole different issue.
[03:00] You can be aware of yourself, of your weaknesses, of your temptations, and put things in place so that you can safeguard yourself to become a better trader.
[07:37] The thing with trading is that you start to plan and over plan the future.
[15:38] How you perform is really grown through practice of live market conditions.
[19:45] You would never get to a place where you completely master every single emotion.
[20:54] If you're starting out your journey, do your research as much as possible on the different types of markets.
[22:33] There may be some great traders out there, but it doesn't necessarily mean that they're great teachers.
[22:38] You need to find a great teacher who really can break down the charts in a way that you understand and digest easily from them.