In the market for more

In the market for more


Building a bulletproof trading plan | Talking Shop podcast

February 21, 2025

In this episode Luke, Pete, and Ronni share essential insights into creating and maintaining an effective trading plan.


They discuss why having a systematic approach is crucial for trading success and how to avoid common pitfalls. 


Key Timestamps:


00:00 - Opening

01:37 - Introduction on trading plans and acting with intent

08:01 - Discussion on finding balance between research and taking action

12:01 - Key insights about probability and risk management

17:32 - Deep dive into trading journals

25:00 - Important discussion on defining trading success

30:20 - How long it takes to become profitable

34:47 - Most common trading mistakes and pitfalls

44:03 - Portfolio management advice



Remember to like and subscribe!


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. 


Professional clients trading spread bets and CFDs can lose more than they deposit.


Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.


Your capital may be at risk.