Casey Stubbs is a 9 ½ year United States Army Veteran and married father of nine. He is an entrepreneur, a leader in his local church, and is a successful business owner and trader. Casey is dedicated to helping people from all walks of life fulfill their financial dreams, while also achieving financial freedom. Helping others is at the heart of all that drives Casey on a daily basis. In this episode of How To Trade It, Casey shares some of his biggest mistakes and how he turned things around to find massive victories. You don’t want to miss it!@CaseyStubbs states, 'Sometimes my greatest asset, my passion and drive to succeed, has led me to be so risk-tolerant that I have made some HUGE mistakes.' Join Casey Stubbs in his latest episode of the How To Trade It podcast to hear more.… Click To Tweet
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You’ll want to hear this episode if you are interested in…
- Learning some of Casey’s biggest mistakes and pain points
- How changing his mindset transformed Casey’s trading outcome
- Some of Casey’s biggest victories and how you can achieve the same kind of success
- Casey’s new coaching program
The BIG Mistakes
Sometimes my greatest asset, my passion and drive to succeed, has led me to be so risk-tolerant that I have made some HUGE mistakes. At one point, early in my trading career, I took all of my money out of the markets and dumped it into a new business venture. Yes, I was profitable at that time, but had I allowed that money to remain, it would have been worth a whole lot more now. And, I managed to run that first business into the ground in just a few short years anyway. It was a huge setback, and I had to completely start over with trading.
Simple Trading Errors
It took me a long time to figure out that not following my rules, making the same mistakes repeatedly, waiting too long to close out the losers, and having a lack of discipline were crushing my trading game. I knew that something needed to change. I even knew WHAT needed to change, but I wouldn’t do it. It seems that my lack of ability to change my behavior was hindering my success.
Having the Best Set-Ups
You can know how to enter and exit a trade like a champ, but if you don’t have a great set-up to begin with, you will never really find success. Not having the best trade set-ups was a huge factor in my early, unsuccessful days as a trader. Once I identified that as a problem, I knew I needed to make a change in my behavior and learn to only take the great trades. Now, I analyze every trade on a regular basis. What’s working? What isn’t? Where have I profited the most? And then I either avoid or repeat that behavior. Our new Calm Cash app has helped me to find very profitable stock and crypto set-ups. I now save a great deal of time by not having to chase down a bunch of trades, and I have very little drawdown on my account.
Finally Finding Victory
I’ve discovered that having a system in place is instrumental to my trading success. Now, I have a system for choosing the best trades, when to enter and exit, and even one for withdrawing my profits on a monthly basis. Not having those things in place cost me a lot of gains. Thankfully, I’ve used lessons that I have learned from my prior losses and failures to make things better. In addition to the changes I’ve already talked about, finding good mentors and talking to other traders has brought me some massive victories. That’s why I attribute this podcast to my overall success. I get to ask questions, and then implement and adapt new strategies to my own trading, because of my experienced guests that are willing to share their own stories. The more I learn, the better questions I’m able to ask, and therefore the more I grow. The benefits of having a coach have become so apparent lately that it’s led me to develop my most recent coaching program. If you want someone to help you achieve success, check out our Forex Master Trader Coaching program.
Resources & People Mentioned
- Send questions and podcast ideas to: Business@TradingStrategyGuides.com
- Recent Tweet about Casey’s best career trade ever
- Podcast episode about how Casey made 683% profit in one year
- Upcoming podcast guest: Jack Schwager, Author of Market Wizards
- CalmCash app
- FMT Coaching Program with John & Casey
Connect With Casey Stubbs
- Website: https://caseystubbs.com
- YouTube: https://www.youtube.com/TradingStrategyGuides
- YouTube: https://www.youtube.com/caseystubbs
- Twitter: https://www.twitter.com/caseystubbs
- Facebook: https://www.facebook.com/TradingStrategyGuides
- LinkedIn: https://linkedin.com/in/caseystubbs
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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.