Using Systems for Successful Crypto and Stock Investing with Adrian Reid Alex Escobar and Aziz Yousuf 59:44

Welcome to Screw The Stock Market with Alex Escobar and Aziz Yousuf, Today we are joined by Adrian Reid. Adrian is a full-time stock trader of 18+ years and the founder of Enlightened Stock Trading. Adrian shows you how to make consistent profits from the stock market using a trading system that fits your lifestyle, goals, and personality in this episode Adrian didn’t only talk about the stock market but also about Crypto. He has very valuable tips shared most especially about not trading with your emotions to avoid losses and focusing on trend following in order to earn despite the stocks or cryptocurrency’s volatility

[00:18 – 07:07] Adrian Reid on How to Make Money in the Stock Market

Adrian Reid is the founder of enlightened stock trading and the host of the financial podcast
Reid is an Australian and his background is in engineering he started working as a strategy consultant at age 20.
Reid read about investing and trading in books and attended courses to learn more about it. He eventually found a method that fit him and became profitable.
His introduction to the stock market was playing games (Australian Stock Market Game) with his family when he was 9
Fast forward, he started earning, and with his savings, he invested in the stock market
He realized that he was losing money and it was incredibly boring, he started looking for different ways to invest and tried different methods and read resources to learn more.
Reid’s family is supportive of his career choice and his children are growing up fast.

[07:07 – 21:52] How to Trade Your System, Not Your Emotions

One of the biggest keys to success as an investor is to have a system that you can follow time and time again, regardless of what’s happening in the stock market.
Emotions drive most people’s decisions when it comes to money investing, leading to most people not getting ahead.
Adrian recommends learning about investing through trading your system, not your emotions.

[21:53 – 30:14] Trend Following Rules For Making Money

Trend following is a strategy of investing in which you get in when the market is rising and get out when it falls, making a profit along the way.
Trend following can be done in stocks, commodities, and cryptocurrencies.
To be successful with trend following, you need to have a set of rules that work even when the market is volatile.
When trading, it’s important to have a long-term perspective and to be able to be wrong.

[30:14 – 37:53] How to Trade Like a Pro: Use a Broad Set of Rules to Predict the Future

How to trade stocks, crypto commodities, and other markets by using rules that are based on price movement.
There are different ways to trade, including fundamental research and technical trading.
The importance of having a system that is adaptable to various market conditions.
Technical analysis involves using indicators to track price movements and predict future outcomes.
If a trader has broad rules that work regardless of parameter values, they are more likely to make money in the future.

[37:53 – 45:24] How to Trade Safely and Profitably in Crypto

Adrian suggests that people trade cryptocurrencies instead of buying and holding them forever, as this is a very risky strategy.
He warns that if someone does not have a set of rules in place to exit a cryptocurrency when it’s down, they may lose all their money.
He also advises diversifying one’s holdings across different assets and platforms to reduce risk.

[45:24 – 54:24] How to Trade Profitably with a System

Adrian says that people are scared of paying taxes and he wants to encourage them to be smart about it by thinking about after-tax returns.
how to be profitable when trading, emphasizing that you need a system that works and generates good results.
There are several ways to learn to trade profitably, including adopting a systematic approach and using trading systems.
It can be hard work and expensive to develop a trading system, but it is possible if you are willing to put in the effort
He also recommends teaching people how to trade systematically so they can become confident and independent traders.

[54:24 – 59:43] Closing Segment

Want to connect with Adrian?

Visit https://enlightenedstocktrading.com

A special free bonus for our listeners on this page: https://enlightenedstocktrading.com/screwthestockmarket. It will be a bundle of free training, tips, and tricks to improve their crypto trading called The Crypto Acceleration Bundle.

Resources Mentioned

Market Wizards: Interviews with Top Traders

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Tweetable Quotes:

“When you have evidence that it’s starting to trend down, then you get out. And our whole idea of trend following is you get in when it starts Moving up and you get out when it starts Moving down and you make a profit from the move.” – Adrian Reid

Alex Escobar Podcaster

Alex is a Realtor and an investor that buys income producing apartment buildings and offers the opportunity for others to partner with him, sometimes for less cash than it would take to buy a single family investment property.

In addition to co-hosting the Screw The Stockmarket podcast, Aziz is an avid investor and burgeoning entrepreneur, with a deep interest in long-term financial growth opportunities. He is also a trained legal professional, and an expert international development and business advisor.