Jamil
00:00:02

Welcome to Traders Ignited. My name is Jamil Ben Alluch. I'm the author of The Complete Penny Stock Course. I've been actively involved with the trading industry since 2014 and have been the chief technology officer of the amazing Platform StocksToTrade since 2016. Now, I consider myself to be a problem solver, and one of my biggest passions has always been helping those around me, improving themselves and achieving their goals. The basic idea of Traders Ignited was born from my passion with guiding others to surpass their limits, as I strive to do for myself every single day. Most importantly, it grew from my experience in seeing the negative impact that a poor state of mind can have on the traders and the losses that come with that. There are is little focus put on creating the right mindset in trading, especially for those starting out.

Jamil
00:00:47

All you get are technical rules on how to trade. You have your do's and don'ts on how to enter or exit the position, but you never really get guidance on how you should set your mind or the feelings you should generate when you're trading. I'm sure you've already heard the saying that 90% of traders lose money on the stock market and there's a very specific reason for that. Just think, how often do you hear about traders who lose a big part of their cash in a single trade or those who blow their entire accounts in just a few trades? Or how often do you hear about traders getting into large positions without the plan, holding on to losing trades and hoping for divine intervention to come and change the outcome? To tell you the truth, I've come across quite a few of these and these traders, they lock themselves down in repeating the same behaviors trade after trade, and as you may know, repeating the same behavior over and over again and expecting a different result is the very definition of madness.

Jamil
00:01:42

In the end, what happens is they just quit or they don't stay in the game long enough to make any progress or even learn from any of their experiences with trading. On a personal level, I've had the privilege of hanging out with amazing people in the trading communities, both in person and online. You always meet some of the same people year after year. You can recognize them at the conferences or you see them hang out in the same chats and forums where you go to to check your information. You know that some of them have been playing the stock market for a while and somehow most of them never really make any profits or progress in their trading results. They can't seem to get past making small gains or they just keep accumulating losses until eventually they're just out of the game.

Jamil
00:02:23

And honestly, what it all comes down to is simply not having the right mindset for trading. So with every episode of Traders Ignited, I want to bring a guest, someone who's just a regular day trader, someone who's been having difficulties creating those winning trades, someone who's been missing that consistency that you need to become profitable. I want to have a deep conversation with my guests about their market experience, their struggles, and mostly how it is that they approach their trading at a personal and mental level. I want this podcast to be about helping the traders develop habits and behaviors that create a mindset for success. And most of all, I want to guide them through the process of overcoming the limitations that hold them back.

Jamil
00:03:04

I'm a true believer that anyone and I really, really mean anyone can achieve any goal with the right mindset. And the quote that best describes that feeling is from Napoleon Hill. It says, "Whatever the mind of a man can conceive and believe it can achieve". For me, the meaning of this quote is that with enough focus, practice and dedication, no matter who you are or where you come from, you can achieve your goals. You just need to believe in your ability to succeed. If you're like me, you know that every story about success is amazing.

Jamil
00:03:36

We are fascinated and always attracted by those who have made it big. Those who have made it have incredible lifestyles. And all we want to do is hear about how they got there and learn how to be like them. Those stories of achievement give us the motivation to grow. But every story of achievement is also a story about overcoming struggle.

Jamil
00:03:54

And what really drives me the most is focusing on the journey of self-discovery with those who are still walking that path. The traders who have great ambitions, the ones who really want to excel and send out by taking action. My hope is that by talking to my guests, I will give them that little extra push or the missing piece that they just might need to get to the next level. There is Ignited is a podcast about growth. I'm also going to be bringing coaching experts and profitable traders to explore their best practices and the approaches that help them create a state of mind that focuses on happiness, peace and a consistent self-improvement when it comes to investing and generating profits. Now what I want to do is go over specific trading strategies, how to make money trading, or which of these strategies are the most profitable. To learn about that, you can check out my good friends Timothy Sykes, Tim Bowen, Tim Grittani, Mark Crook and of courses and programs they have created over time, they are all amazing traders and have proven to be consistently profitable for many, many, many years.

Jamil
00:04:55

Those are incredible examples of what successful day traders should be and the considerable amount of dedication and determination that it takes to become one of them. But this podcast is not about trading strategies or learning how to trade, though you can check out my book, The Complete Penny Stock Course for a good introduction on trading penny stocks. If you want to find out more about day trading. With that being said, what I really want to do is create value for struggling traders to practical self-improvement. This is my goal with traders ignited. I want to focus on the personal development aspect of trading, and for me that means helping traders with difficulties, making profits, becoming more confident in their ability to surpass the difficult emotional and mental situations that go hand in hand with trading activities. I want this podcast to be about learning how to truly become amazing by developing the self discovery practices, consistent behaviors, and a state of mind that promotes success when engaging with the market for profit. I really hope that you enjoy. Traders ignited and I look forward to bringing you amazing everyday trading stories with each episode. Thanks for tuning in.

Jamil
00:06:01

Thank you so much for tuning in. If you enjoyed this episode, don't forget to like and Subscribe If you're watching on YouTube, or leave us a review on Apple or Google Podcasts. If you're new to trading, don't forget to check out my book, The Complete Penny Stock Course available on Amazon. I look forward to bringing you an amazing guest on the next episode. Trade, Smart, Trade Safe and remember to Ignite the Trader Within.