The AlphaMind Podcast

#86 Sam North - What is it that Successful Traders do Differently to Succeed?

February 26, 2022 Steven Goldstein & Mark Randall with Sam North Season 3 Episode 5
The AlphaMind Podcast
#86 Sam North - What is it that Successful Traders do Differently to Succeed?
Show Notes Chapter Markers

Sam North both trades for himself and mentors’ other traders for eToro, the world’s largest social trading and multi-asset brokerage company, where he is their trading school lead. 

In this great chat with the AlphaMind Podcast, Sam went deep into what it takes to succeed as a new trader, shared his reflections on patterns common to those he sees who succeed, and opens up about mistakes he witnesses which cause so many to fail.

Sam North
LinkedIn: here
Twitter: here

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Podcast Intro
Podcast Commences
Performance background and success in trading
Sports comparisons and trading
Having a Mentor speeds the learning process up
One of the main reasons many fail is they don’t know what they are trading
Reasons many new traders fail at the beginning
Cowboy marketers and Lamborghinis
People approach trading the wrong way, it’s an incredibly skilled job
The 2 most important things in trading
The common themes amongst new traders who succeed
Amongst new traders, women on average succeed more than men
Learning, Ego and the ‘Disease of Me’
Avoiding losses when learning, to have time to learn
My best trade was when I came out a losing trade early
When people are pushed into trading for the sake of it, everything goes out the window
We’re all going to have bad days trading, stay in the fight
Writing down a plan, not trading on emotions and the correlation with success
Older people starting versus younger people
The work of eToro
The importance of having an alternative source of income when trading
Make trading boring