117: Forex Reversal Trader Habits, Mindset & Strategies - Dale Pinkert

Forex Reversal Trader Habits, Mindset & Strategies – Show Notes In episode 117 of the Desire To Trade Podcast, I interview Dale Pinkert, a Forex trader & host/mediator at Forex Analytix Community Experience (F.A.C.E.). He came on the podcast to share his story as a Forex reversal trader. We jump into habits, mindset, and strategies that are essential to succeed in the Forex market. Topics Covered In This Episode The power of "social trading" and how you can use it to trade better 5:45 A powerful way to trade (knowing how to take the losses) 8:10 A piece of advice on not following too many instruments 11:20 How Dale Pinkert started to trade 11:40 How Dale learned trading 13:40 Wisdom on partial profits & stop losses 16:45 How Dale uses the RSI to trade 19:45 How to incorporate multiple time frames into your trading 22:45 How Dale develop his trading strategy (who taught him) 23:50 Some trading strategy ideas 26:00 How Dale plans his trades on the weekend 30:00 Morning routine (including waking up at 3:30am) 31:05 One thing Dale Pinkert still struggles with & how he solves it 32:30 How Dale confirmed his edge in the market (without backtesting) 37:00 Can you trade for a living with $10k? 40:20  What Dale thinks of "educators that don't trade" 41:40 The #1 tactic to remain consistent over a long period of time 45:00 More About Dale Pinkert Dale began his career in operations on the CME floor for Dean Witter when they traded currency futures on chalkboards. He became a licensed Series 3 broker in 1976 and went on to own and operate Pinkert Commodities GIB. He became a Member of the CME (IOM) Division for a stint and his forecasts have been aired on many Financial media including CNBC. Dale has Coached/Mentored retail and prop traders and has gained a solid reputation for his work on the other side of the mic having interviewed over 700 of the best of the best in Trading.   DesireToTRADE Top Resources DesireToTRADE Forex Trader Community (free group!) Complete Price Action Strategy Checklist (free checklist!) One-Page Trading Plan (free template!) DesireToTRADE Academy How To Find Dale Pinkert? ForexAnalytix LinkedIn Twitter What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!