{"id":2980,"date":"2020-09-15T11:43:17","date_gmt":"2020-09-15T18:43:17","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2980"},"modified":"2020-10-06T09:42:42","modified_gmt":"2020-10-06T16:42:42","slug":"ep-165-stephen-johnson","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-165-stephen-johnson\/","title":{"rendered":"Ep. 165: BIG Changes For Stephen Johnson!"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-165-stephen-2-0-whats-next-for-your-cohost-4-years-into-his-trading-journey\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Stephen Johnson is going through a transition.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">No, he hasn\u2019t taken up transcendental meditation or anything like that. He\u2019s been taking stock of his trading career and considering his goals moving forward.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oh, and he\u2019s also moving from Dubai back to the U.K.!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most people come to trading because they want a change in their life. Stephen certainly did. But what happens to your trading as your life continues to transition?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today\u2019s episode is about embarking on the next phase of your trading journey. It\u2019s just Stephen Johnson and co-host Tim Bohen in this episode. It\u2019s Kim Ann Curtin\u2019s birthday so she\u2019s taking the day off!<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Changing Objectives<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Most new traders fail. At the beginning of your career, your biggest goal is generally survival.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But what happens once you\u2019ve survived &#8230; and perhaps even started to find some consistency in the market?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019ve gotta adapt your goals.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the episode, Tim shares the tale of how he progressed from being a full-time business owner and part-time trader to selling his business and going full-time with trading.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Even though his business was thriving, his heart wasn\u2019t in it anymore. But the market inspired him. As Stephen puts it, \u201csomething about the market just gets its hooks into you.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Right now, Stephen\u2019s in a somewhat similar state of transition. He\u2019s taking a hiatus from the \u2018day job\u2019 lifestyle to focus more on trading to see how it goes.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Stephen Johnson 2.0: A Trader\u2019s Progression<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Over the past few years, pretty much all of Stephen\u2019s failures have been broadcast over the podcast. <\/span><a href=\"https:\/\/www.steadytrade.com\/stephen-loses-5k\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Like the time he lost $5,000\u2026<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.steadytrade.com\/ep-42-fighting-fomo-aka-stephen-loses-another-5k\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">And when he lost $5,000 <\/span><i><span style=\"font-weight: 400;\">again<\/span><\/i><span style=\"font-weight: 400;\">&#8230;<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">This time, we\u2019re primarily focusing on the good, and it\u2019s making him uncomfortable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen\u2019s turned a corner in terms of trading consistency. (For more, check out Ep. 161, <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-161-trade-analysis-stephen-finds-a-new-edge\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">\u201cTrade Analysis: Stephen Finds a New Edge.\u201d<\/span><\/a><span style=\"font-weight: 400;\">) Now he\u2019s ready to enter the next phase.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But what is that for Stephen Johnson?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Timing has been key. Stephen\u2019s been in Dubai for eight years. Now, he\u2019s ready to pack his backs and head back to the U.K.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As he\u2019s observed, with the average job in the U.K., he might make him \u201cabout half\u201d of what he\u2019s making as a trader. For the foreseeable future, he\u2019s decided to stick with trading.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Is it Time to Go Full-Time?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">So many new traders are eager to quit their day jobs and go full-time in the market. But is it really a good idea?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s not a decision that any trader should take lightly. It\u2019s also not as easy as it might seem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim and Stephen talk about why it\u2019s so important to have multiple revenue streams. Tune in and learn why you don\u2019t want to put all your eggs in one basket as a trader.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They also talk about their respective trading journeys and how long it took them to have that all-important <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-163-what-makes-trading-click\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">\u2018aha\u2019 moment<\/span><\/a><span style=\"font-weight: 400;\"> when trading started to make sense.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Living The Dream?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you aspire to become a full-time trader, how should you approach this goal?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim says, \u201cdo what Stephen did.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen took four years to learn the ropes. He blew up his account, made a million mistakes, and learned. And most importantly, <\/span><i><span style=\"font-weight: 400;\">he stuck with it.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">He didn\u2019t try to do it in six months or a year. He gave himself space and time to figure things out.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Happily Ever After?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Here\u2019s something a lot of traders don\u2019t think about: what happens <\/span><i><span style=\"font-weight: 400;\">after<\/span><\/i><span style=\"font-weight: 400;\"> you quit your day job? It\u2019s not always a cakewalk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim shares how he quit his job then the market slowed right down &#8230; He calls it \u201cthe dark days of day trading.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He also talks openly about the loneliness that came with trading full time, especially after becoming used to being around people all the time with his business.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s not necessarily an easy adjustment, and it can contribute to feeling like you \u201cshould\u201d do something every day. This can lead to overtrading.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Stephen Johnson\u2019s Goals Moving Forward<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To close out the episode, Stephen talks about his goals in trading and in life, and how he plans on moving forward with them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Congratulations to Stephen on becoming a truly steady trader!<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What\u2019s Your Update?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Where will Stephen be in six months? Any predictions \u2026 or maybe you\u2019d like to share your own trading goals or milestones?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on <\/span><a href=\"https:\/\/www.youtube.com\/user\/stockstotrade\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>Love the episode? Please leave a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stephen Johnson is going through a transition. No, he hasn\u2019t taken up transcendental meditation or anything like that. He\u2019s been taking stock of his trading career and considering his goals moving forward.\u00a0 Oh, and he\u2019s also moving from Dubai back to the U.K.!\u00a0 Most people come to trading because they want a change in their [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2981,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[19,18],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep. 165: BIG Changes For Stephen Johnson! - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"Today\u2019s episode is about embarking on the next phase of your trading journey. 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