The Profit Factor

Taylor Stockwell

The Profit Factor Podcast is a series of conversations with developing and professional traders about their unique ups and downs learning the art and science of trading consistently. We cover topics around edge, process and mindset to help traders become consistently profitable. read less
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Episodes

#13: When To Walk Away and Other Trader Questions
Mar 26 2024
#13: When To Walk Away and Other Trader Questions
In this episode of The Profit Factor ... Step inside the world of trading mastery in our latest episode, where we dive deep into the strategies and insights that separate the winners from the rest. Join us for a captivating Q&A session where we address the burning questions every trader wrestles with. Explore the crucial moment when knowing precisely when to walk away can spell the difference between profit and peril, and unravel the intricate steps for gauging the efficacy of your trading system. Drawing directly from our dynamic YouTube chat, this episode uncovers insider secrets, hard-earned wisdom, and actionable advice straight from the trenches of the trading floor. Gain invaluable insights into the psychology of trading, risk management strategies, and proven techniques for staying ahead of the curve. Whether you're a seasoned trader or just starting your journey, this episode promises to arm you with the tools and knowledge you need to thrive in the unpredictable world of trading. Tune in now and embark on a journey to trading mastery!  Here are some highlights from the episode: Knowing when to walk away for the day is crucial in trading. It helps prevent emotional decision-making when facing losses.Sometimes, walking away is the best decision you can make to protect your capital and mental well-being.Validating your trading system involves rigorous testing and analysis. It's not just about backtesting; forward testing and real-time monitoring are essential too.Don't just rely on past success; continually evaluate and refine your trading system to adapt to changing market conditions.   Want more? https://www.youtube.com/playlist?list=PLUIFLIRztQ-aXyiyBV6COzj1OsRrqx7kH to watch the livestreams for this podcast. https://www.youtube.com/@theprofitfactor for some great videos on edge, process and mindset. https://www.gettheprofitfactor.com to get coaching and accelerate your journey to profitability. https://jo.my/1x1-coaching  to book a 1x1 with me and get coaching on your edge, process or mindset.
#6: Bridging the Gap: The Crucial Role of Process in Trading Success
Jan 30 2024
#6: Bridging the Gap: The Crucial Role of Process in Trading Success
Welcome to the Profit Factor podcast, where host, Taylor Stockwell, dives deep into the world of trading, exploring the edges, processes, and mindsets that pave the way to consistent profitability. In this episode, he unravels the concept of "process" as a pivotal component in trading success. Join us as I draw insights from the wisdom of Merritt Black, a seasoned professional at Apteros Trading, who emphasizes the importance of trusting the process over individual trading instincts. Discover the distinction between "edge" and "process" and why they are integral to your trading journey. Edge, often defined as the statistical probability of profit derived from system rules, sets the foundation. However, it's the process that bridges the gap between the idealized edge and the real-world execution by imperfect human traders. Explore how process extends beyond trading rules, encompassing your daily routines, mindset preparation, and the habits that dictate your decision-making. Learn from real examples, such as the transformation one trader experienced by refining their execution process, resulting in a significant boost in trading performance. To become consistently successful, understanding and enhancing your process is key. Taylor discusses the role of data in this process, helping you identify areas for improvement and optimize your approach. Whether it's refining your execution strategy, managing trades more effectively, or cultivating a mindset aligned with your process, this episode guides you towards becoming a better trader.   Ready to elevate your trading game? Don't miss out on the Consistency Accelerator program mentioned in this episode, designed to systematically help you become consistently profitable. Visit www.gettheprofitfactor.com for more details. ----- Want more? https://www.youtube.com/@theprofitfactor for some great videos on edge, process and mindset.https://www.gettheprofitfactor.com to get coaching and accelerate your journey to profitability.https://jo.my/1x1-coaching  to book a 1x1 with me and get coaching on your edge, process or mindset.
#5: Tim Maneuvers Through the Trading Mindset Maze
Jan 26 2024
#5: Tim Maneuvers Through the Trading Mindset Maze
Tim is a new trader who just recently passed his first combine. He passed faster than any other traders I've worked with. But, there have been more ups and downs in Tim's journey. In this episode, we start the dive into mindset. Tim has experienced enough trading where the mindset challenges are starting to play a bigger role. We'll talk through some mindset fundamentals and why mindset can be such a challenge to overcome. Discover the strategies and experiences that can transform your approach to trading psychology, and gain valuable insights to enhance your trading journey. Whether you're a seasoned trader or just starting, this episode offers a unique perspective on the mindset struggles many face in the world of trading. Tune in and gain a deeper understanding of the psychological aspects that contribute to consistent profitability. This is a recording of a YouTube livestream that originally aired Nov 17, 2023. ------ The Profit Factor podcast is for developing traders. Whether you're new to trading or have been trying to get consistent for years, join us to discover how to hone your edge, execute your process and create a mindset that drives consistent results.  I'm trying to make this podcast something valuable for the community. Hearing stories about traders who made AND traders trying to make is both educational and inspirational. Please, spread the word. Share the podcast in your Discord channels, subreddits, Twitter or anywhere else you engage with other traders.  ----- Want more? https://www.youtube.com/playlist?list=PLUIFLIRztQ-aXyiyBV6COzj1OsRrqx7kH to watch the livestreams for this podcast.https://www.youtube.com/@theprofitfactor for some great videos on edge, process and mindset.https://www.gettheprofitfactor.com to get coaching and accelerate your journey to profitability.https://jo.my/1x1-coaching  to book a 1x1 with me and get coaching on your edge, process or mindset.
#4: Unleashing the Power of Your Trading Edge
Jan 23 2024
#4: Unleashing the Power of Your Trading Edge
This is going to be obvious to many of you. But, we need to start our trading with EDGE first. No amount of work on process or mindset will help you if you don't have an edge in your trading. In this episode, I'm going to explain what an edge actually is. It may not be what you think it is. I'll also introduce the concepts of edge validation and optimization and the work we need to do as traders to create a solid foundation for our trading success. Whether you're a seasoned trader or a newcomer, grasp the significance of crafting a well-defined set of rules that establishes a statistical probability of profit. Discover how trading with real edge differentiates professional traders from those merely gambling their money. ------ The Profit Factor podcast is for developing traders. Whether you're new to trading or have been trying to get consistent for years, join us to discover how to hone your edge, execute your process and create a mindset that drives consistent results.  I'm trying to make this podcast something valuable for the community. Hearing stories about traders who made AND traders trying to make is both educational and inspirational. Please, spread the word. Share the podcast in your Discord channels, subreddits, Twitter or anywhere else you engage with other traders.    ----- Want more? https://www.youtube.com/@theprofitfactor for some great videos on edge, process and mindset.https://www.gettheprofitfactor.com to get coaching and accelerate your journey to profitability.https://jo.my/1x1-coaching  to book a 1x1 with me and get coaching on your edge, process or mindset.
#3: Tim Navigates Losses and Scaling On His Journey to Consistency
Jan 19 2024
#3: Tim Navigates Losses and Scaling On His Journey to Consistency
As Tim recounts his journey, get ready for tales of urgency, quick wins, and the harsh reality check that hit when he lost a funded account. It's a story of resilience and self-discovery, with Tim sharing the nitty-gritty details of those moments when trading feels like a game of urgency and patience. But that's not all – the duo dives deep into the math side of trading, discussing the crucial concept of scaling. Taylor breaks down the numbers, exploring the optimal contract sizes, risk parameters, and the importance of a solid plan that can flex with the market's mood. Whether you're a seasoned trader or just starting out, this episode is packed with relatable experiences and practical strategies. Join Tim and Taylor on YouTube for the full scoop, and let's make your trading journey a little less bumpy and a lot more profitable! In the livestream, I also promised to share a copy of the spreadsheet we used as a tool. Here it is: https://jo.my/trade-size-planner. This is a recording of a YouTube livestream that originally aired Nov 3, 2023. ------ The Profit Factor podcast is for developing traders. Whether you're new to trading or have been trying to get consistent for years, join us to discover how to hone your edge, execute your process and create a mindset that drives consistent results.  Help us build a thriving community! Share The Profit Factor podcast in your Discord channels, subreddits, Twitter, or any platform where traders connect. Let's spread the knowledge and motivation to make every trader's journey a remarkable one.   ----- Want more? https://www.youtube.com/playlist?list=PLUIFLIRztQ-aXyiyBV6COzj1OsRrqx7kH to watch the livestreams for this podcast.https://www.youtube.com/@theprofitfactor for some great videos on edge, process and mindset.https://www.gettheprofitfactor.com to get coaching and accelerate your journey to profitability.https://jo.my/1x1-coaching  to book a 1x1 with me and get coaching on your edge, process or mindset.
#1: Tim Journeys Through Wins, Losses, and Learning
Jan 12 2024
#1: Tim Journeys Through Wins, Losses, and Learning
Join us on "The Profit Factor," a podcast where we dive deep into the journey of developing traders In this episode, we'll talk to Tim, who will be a podcast regular, as he shares his experiences, highs, lows, and the valuable lessons learned in the first months of trading. From the excitement of potential profits to the harsh reality of account losses, Tim and Taylor explore the challenges of developing a trading edge, understanding market dynamics, and overcoming psychological hurdles. Discover how mentorship and a commitment to learning transformed Tim from a novice to a resilient trader on the path to consistency and profitability. Tune in for insights, strategies, and the raw reality of navigating the world of trading. ------ The Profit Factor podcast is for developing traders. Whether you're new to trading or have been trying to get consistent for years, join us to discover how to hone your edge, execute your process and create a mindset that drives consistent results.  Hearing stories about traders who made AND traders trying to make is both educational and inspirational. Please, spread the word. Share the podcast in your Discord channels, subreddits, Twitter or anywhere else you engage with other traders.    ----- Want more? https://www.youtube.com/playlist?list=PLUIFLIRztQ-aXyiyBV6COzj1OsRrqx7kH to watch the livestreams for this podcast.https://www.youtube.com/@theprofitfactor for some great videos on edge, process and mindset.https://www.gettheprofitfactor.com to get coaching and accelerate your journey to profitability. Book a 1x1 with me and get coaching on your edge, process or mindset. https://jo.my/1x1-coaching