530: Secrets To Full-Time Trading For Consistent Income - Erik Smolinski

530: Secrets To Full-Time Trading For Consistent Income - Erik Smolinski

Author: Etienne Crete October 20, 2025 Duration: 29:13

Secrets To Full Time Trading For Consistent Income - Erik Smolinski

In episode 530 of the Desire To Trade Podcast, you will be listening to an interview with Eric Smolinski from Outlier Trading to discuss what it really takes to build consistent trading income — not just through smart trades, but by managing wealth, diversification, and mindset like a professional. Eric shares how he structures his trading for stability, balances growth with robustness, and uses other income streams like real estate to secure long-term financial independence.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

  • 00:00 Introduction
  • 01:01 Building wealth and managing capital beyond trading
  • 03:36 Why diversification matters even for skilled traders
  • 05:03 Managing trading income and reducing tax burden
  • 08:29 When to start diversifying your income sources
  • 11:14 Trading for robustness vs trading for growth
  • 13:17 How Eric structures and funds his trading lifestyle
  • 14:27 The role of real estate and tax advantages for traders
  • 16:25 Eric's favorite trading strategies and profit mechanisms
  • 20:22 Balancing core vs speculative allocations
  • 22:20 What it means to have an "Outlier Mindset" in trading
  • 25:53 How to use structure and planning to level up as a trader
  • 28:32 Where to find Erik Smolinski (link below)

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

About The Desire To Trade Podcast

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!

How to find Erik Smolinski

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!


Hosted by Etienne Crete, the Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders is a deep and practical resource for anyone serious about the foreign exchange market. This isn't about hype or quick tips; it's a focused exploration of the mindset, strategies, and daily habits that separate consistently profitable traders from the rest. Each episode features candid conversations with proven traders from diverse backgrounds, dissecting their real-world experiences, toughest losses, and most valuable breakthroughs. You'll hear detailed discussions on analysis techniques, risk management psychology, and building a sustainable trading business. Etienne guides these interviews with a clear purpose: to extract actionable lessons you can apply directly to your own charts and decision-making process. The podcast operates from a core belief that trading mastery is a skill built through education and disciplined practice, leading to greater independence. Whether you're refining your system or just starting out, these conversations provide the nuanced insights and hard-won wisdom rarely found in textbooks or online forums. Tune in for a straightforward, no-fluff dialogue about what it truly takes to navigate the markets with more confidence and control.
Author: Language: English Episodes: 100

Desire To Trade Podcast | Interviews with Highly Successful Traders
Podcast Episodes
535: Build The Ultimate Trader Mindset | Forex Trader Motivation [not-audio_url] [/not-audio_url]

Duration: 16:08
Build The Ultimate Trader Mindset In episode 535 of the Desire To Trade Podcast, you will hear trading motivation in building the ultimate trader mindset to scale up. Learn how to handle what many traders struggle with:…
533: From IT Career To Trading For A Living - Thor Young [not-audio_url] [/not-audio_url]

Duration: 28:28
From IT Career To Trading For A Living In episode 533 of the Desire To Trade Podcast, you will be listening to an interview with Thor Young — a former IT professional who transitioned into full-time trading after seeking…
532: How To Trade The Flow - Chris Weston [not-audio_url] [/not-audio_url]

Duration: 34:41
How To Trade The Flow In episode 532 of the Desire To Trade Podcast, you will be listening to an interview with Chris Weston, breaking down what it really means to "trade the flow." Instead of chasing setups or trying to…
531: The Truth About Day Trading For A Living - Blake Morrow [not-audio_url] [/not-audio_url]

Duration: 28:20
The Truth About Day Trading For A Living In episode 531 of the Desire To Trade Podcast, you will be listening to an interview with Blake Morrow — a veteran trader and founder of Forex Analytix — who breaks down what it r…
529: How To Trade Your Way To The Top 1% - Jerremy Newsome [not-audio_url] [/not-audio_url]

Duration: 29:34
How To Trade Your Way To The Top 1% In episode 529 of the Desire To Trade Podcast, you will be listening to an interview with trader and entrepreneur Jerremy Newsome, as he dives into what it really takes to reach the to…
528: Trading Advice I Wish I Learned Earlier (1-Hour Masterclass) [not-audio_url] [/not-audio_url]

Duration: 1:09:26
Trading Advice I Wish I Learned Earlier (1-Hour Masterclass) In episode 528 of the Desire To Trade Podcast, we will be listening to some of the best trading wisdom from experienced traders Etienne has interviewed in the…
527: The Reality of Trading For A Living - TraderNick [not-audio_url] [/not-audio_url]

Duration: 42:06
The Reality of Trading For A Living In episode 527 of the Desire To Trade Podcast, you will be listening to an interview with TraderNick as he opens up about what it really takes to trade for a living. From navigating vo…
526: 23 Years of Full-Time Trading Experience - Ross Maxwell [not-audio_url] [/not-audio_url]

Duration: 30:49
23 Years of Full-Time Trading Experience In episode 526 of the Desire To Trade Podcast, you will be listening to an interview with Ross Maxwell, a trader with over 23 years of experience, and shares his journey from work…