{"id":3211,"date":"2021-02-23T09:33:48","date_gmt":"2021-02-23T17:33:48","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=3211"},"modified":"2021-02-24T10:40:13","modified_gmt":"2021-02-24T18:40:13","slug":"episode-188-retail-traders","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/episode-188-retail-traders\/","title":{"rendered":"Episode 188: Can Retail Traders Really Beat Wall Street at Its Own Game?"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-188-can-retail-traders-really-beat-wall-street-at-its-own-game\" 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;\">The <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-187-gme-debacle\/\"><span style=\"font-weight: 400;\">$GME battle<\/span><\/a><span style=\"font-weight: 400;\"> between retail traders and hedge funds could mean a big power shift for Wall Street.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson break down what could be the craziest day in market history.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim says since the first episode with<\/span><a href=\"https:\/\/www.steadytrade.com\/episode-179-former-market-maker\/\"><span style=\"font-weight: 400;\"> former market maker<\/span><\/a><span style=\"font-weight: 400;\"> J.J, it seems like the \u2018matrix\u2019 has blown wide open. People now see the corruption in the markets and it could mean a distinct power shift.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Retail Traders Unite!<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">WallStreetBets united traders in a common goal. To rise up collectively and say, as Stephen puts it, <\/span><i><span style=\"font-weight: 400;\">\u201cF*** the system.\u201d<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Stephen says hedge funds have manipulated and controlled things for so many years. He loves to see retail traders come together to overturn hedge funds \u201cand make them blow up.\u201d In his opinion, it\u2019s a wonderful time to be a trader.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim says the WallStreetBets traders have taken one of his favorite strategies and dumped gasoline on the fire &#8230; But on a much larger scale and with massive amounts of <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-142-volume-analysis-with-del-the-trader\/\"><span style=\"font-weight: 400;\">volume<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The influx of new traders into the market has undeniably increased the volume and volatility&#8230;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">How\u2019s Stephen trading through the madness? Tune in to hear how he\u2019s still finding shorting opportunities, even when it seems like stocks only go up.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim says the volatility is great when a trade works, but it\u2019s dangerous when it goes against you. He warns traders it\u2019s more important than ever to have a stop and stick to it.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Can Retail Traders Really Beat Wall Street at Its Own Game?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Tim\u2019s passionate about trading and the markets so he\u2019s happy to see it becoming so popular.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim says capitalism isn\u2019t the problem \u2014 it\u2019s the corruption and manipulation in the system that\u2019s the problem. People are starting to realize that&#8230;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, retail traders are using Wall Street\u2019s own game against them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim says it\u2019s not the retail traders <\/span><a href=\"https:\/\/www.steadytrade.com\/episode-183-dan-pipitone\/\"><span style=\"font-weight: 400;\">shorting<\/span><\/a><span style=\"font-weight: 400;\"> these stocks down to the ground \u2026 It\u2019s the fat cats who have done it for decades. Now that the little guys figured it out and found an edge \u2014 they\u2019re smokin\u2019 the pros. And Wall Street is losing its mind.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But Stephen notes there are smart traders and inexperienced retail traders. And it\u2019s the inexperienced traders who chase entries and will lose in the long run.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It takes years to gain experience. He says to put in the work now for the future. And never play stocks like $GME unless you have the discipline.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen thinks the stock market is the ultimate way to beat the system&#8230;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s an unconventional way to potentially make a good living \u2014 if you study your butt off.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim says day traders are the ultimate entrepreneurs. You have to be responsible for yourself and keep yourself motivated and accountable. You need a passion for the markets and an obsession with learning.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And if you don\u2019t have an entrepreneurial mindset, trading might not be for you.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the end, you get out what you put in.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Retail Traders vs. Hedge Funds<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Stephen wants to know why hedge funds get bailed out \u2026 Nobody bails out retail traders when they blow up.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What will the SEC do about this epic market battle? And when will this <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-178-market-mania\/\"><span style=\"font-weight: 400;\">crazy market<\/span><\/a><span style=\"font-weight: 400;\"> slow down? Tune in to hear where our hosts think it will go from here.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These days, it seems like <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-162-everyones-day-trading-now\/\"><span style=\"font-weight: 400;\">everyone\u2019s a day trader<\/span><\/a><span style=\"font-weight: 400;\">. Tons of young traders are buying stocks from their phones \u2014 it\u2019s like a game to many of them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our hosts stress the importance of setting stops and cutting losses.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tim says the good thing about the WallStreetBets traders is that they know $GME is a doomed company. They\u2019re playing the short squeeze. But there are some who are just following the crowd. And that\u2019s when it\u2019s dangerous to trade without a plan.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim says in the end, everyone\u2019s just trying to improve their financial situation. They want to improve their lives for themselves and their family. You can\u2019t blame them for trying.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What Do You Think?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Do retail traders stand any chance in a battle against Wall Street? We\u2019d love to hear what you think, so drop a comment.\u00a0<\/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\"><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>Into this 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\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n<h3><span style=\"font-weight: 400;\">Meet Our Hosts<\/span><\/h3>\n<p><a href=\"https:\/\/www.steadytrade.com\/about\/\"><span style=\"font-weight: 400;\">Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Follow our hosts on social media&#8230;<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Tim Bohen<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/tbohen\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/tbohen\/\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Stephen Johnson<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/Jonk87\"><span style=\"font-weight: 400;\">@Jonk87<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/stephenjonk87\/?hl=en\"><span style=\"font-weight: 400;\">@stephenjonk87<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Kim Ann Curtin<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/kimanncurtin\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/kimanncurtin\/\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The $GME battle between retail traders and hedge funds could mean a big power shift for Wall Street.\u00a0 Today hosts Tim Bohen, Kim Ann Curtin, and Stephen Johnson break down what could be the craziest day in market history.\u00a0 Tim says since the first episode with former market maker J.J, it seems like the \u2018matrix\u2019 [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":3212,"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":[30,19,18],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Episode 188: Can Retail Traders Really Beat Wall Street at Its Own Game? - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"Can retail traders beat Wall Street at it&#039;s own game? 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