Avoid these three trading mistakes is a must-listen episode of Two Blokes Trading, uncovering the critical errors that derail most traders and how to fix them. In this conversation, host Jonathan Farrelly interviews veteran trader Brian Shannon, best known for pioneering VWAP trading strategies and teaching price action with unmatched clarity.

Brian reflects on the costly lessons from his 30-year career, including the traps of ego, poor risk control, and emotional decision-making. He discusses how traders can recover from losing streaks, why simple strategies outperform complex ones, and the vital importance of having clear trading rules.

This episode also explores Anchored VWAP, one of the most powerful yet misunderstood tools in modern technical analysis. Brian breaks down how institutions use it, when it works best, and how retail traders can apply it for better entries and exits.

With insights tailored for traders across the UK, US, and Europe, this episode delivers real-world education that blends strategy with psychology. Whether you're a struggling beginner or a seasoned trader refining your edge, this episode offers clarity, depth, and direction.

What You’ll Learn in This Episode

In this episode, Brian Shannon shares how to avoid the three trading mistakes that most often destroy accounts: emotional trading, overconfidence, and lack of discipline. He walks through his personal evolution from broker to full-time trader, revealing how his systems have changed—and how they’ve stayed grounded in one principle: only price pays.

Listeners will understand how VWAP trading strategies and Anchored VWAP can bring more structure and confidence to trade entries and exits. Brian details how this tool gives context to market moves and allows traders to align with institutional flows rather than fight them. You’ll also learn how he resets after drawdowns, reduces risk exposure, and evaluates trades objectively when things go wrong.

Beyond strategy, Brian emphasizes the emotional and psychological discipline required for long-term success. He discusses how ego and the need to be right often override good systems, and how building rules for different market conditions (including gaps, volatility, and downtrends) can preserve capital and mental clarity.

Whether you trade full-time or on the side, this episode will help you recognize your own blind spots and take more intentional action in the markets. With insights grounded in decades of experience, Brian's advice helps traders simplify their approach, refine their mindset, and sharpen their edge.

From RAF to Pro Trader, Paul Wallace’s journey is a masterclass in trading psychology and discipline. In this episode of the Two Blokes Trading Podcast, Paul reveals how his years as a Royal Air Force fighter controller shaped his decision-making, risk management, and resilience in the financial markets. His career transition from the military to professional trading wasn’t about luck; it was about applying structure, adaptability, and the ability to thrive under uncertainty.

Paul discusses the critical importance of risk management, comparing trading capital to military ammunition, once it’s gone, you’re out of the fight. He explains how a military mindset provides the ability to remain calm in volatile markets, adapt strategies to current conditions, and manage emotional responses to losses.

Listeners will gain practical insights into building consistency through rigid rules and flexible expectations, understanding market psychology, and developing habits that prevent burnout. Paul’s experience spans intraday FX mean reversion strategies, coaching traders worldwide, and helping them master the mental game that separates short-term success from long-term performance.

Whether you’re an aspiring trader or a seasoned professional, this episode will challenge you to think differently about your approach, helping you improve decision-making, survive market turbulence, and ultimately trade with greater confidence and control.

In this episode, you’ll learn how to harness the power of trading psychology to strengthen your performance and resilience. Paul Wallace shares how his RAF background instilled discipline, situational awareness, and the ability to manage risk under pressure—skills that are directly transferable to trading.

We cover why psychology often outweighs strategy when it comes to long-term success, and how the right mental framework can help you handle drawdowns, losses, and market uncertainty. You’ll discover why having rigid rules and flexible expectations is essential, and how to adapt trading plans to different market environments without losing consistency.

Paul explains his intraday FX mean reversion strategy, why resilience is a trader’s greatest weapon, and how to avoid the self-sabotaging habits that derail so many careers. We also explore how to build a sustainable trading routine, from ring-fencing time to using self-assessment tools to measure readiness and prevent burnout.

By the end, you’ll understand why top traders view each trade as a data point, not a personal verdict and how to leverage that mindset to stay in the game, learn from mistakes, and grow as a trader. This is a practical, experience-rich episode that blends real-world market tactics with the high-performance mindset of a seasoned veteran.

From Uber driver to 90% win rate trader, David Capablanca’s transformation is nothing short of extraordinary. In this episode of the Two Blokes Trading Podcast, David shares how he went from working gig jobs to becoming one of the most disciplined short-sellers in the small cap market, with a verified win rate few traders ever achieve. What began as a response to overwhelming student debt and disillusionment with his architecture career, quickly evolved into a rigorous study of market manipulation, technical analysis, and scam detection.

David breaks down the red flags he uses to identify pump-and-dump schemes, the role that fundamentals and technicals play in his strategy, and why risk management and strict sizing rules are non-negotiable. But what sets David apart is his willingness to go beyond screens, like when he travelled to Colombia to investigate a cannabis stock firsthand, uncovering fraud at serious personal risk.

Whether you’re new to trading or refining your small cap strategy, this episode delivers practical insights and real-world wisdom to help you navigate volatile markets and stay in control of your trading journey.

In this episode, you’ll discover how a high-risk environment combined with a structured, no-ego approach helped David Capablanca climb from financial rock bottom to a 100% win rate as a verified short-seller. He walks you through his personal system for detecting scam stocks—looking at float size, dilution red flags, insider behavior, shell company patterns, and paid promotions. He also explains how tools like anchored VWAP and volume-based resistance zones help him identify ideal short entries and avoid high-risk setups.

David emphasizes the importance of tight risk controls, position size limits, and mental discipline. He shares how his personal habits—like clean living, organized systems, and structured thinking—directly translate into higher-quality trades and fewer emotional decisions. In one of the most memorable moments of the episode, David recounts how he risked his life traveling to Colombia to expose a fraudulent company, illustrating how far he’s willing to go in pursuit of truth and edge.

Listeners will also learn how David adjusts strategies in hot sectors like crypto and biotech, the difference between being a predictive long vs. a reactive short, and how to filter out noise in a world of hype. This is a masterclass in real-world small cap trading with practical, hard-earned insight throughout.