Two Traders Talk Prop Firm Trading, Mindset and Lifestyle

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#592: Two Traders Talk Prop Firm Trading, Mindset and Lifestyle

In this video:

00:25 – Andrew Mitchem and Rimantas Petrauskas talk trading. 

01:05 – Rimantas’s background and how he got into trading and coding.

05:12 – Andrew’s background and how he started trading.   

06:50 – How Rimantas discovered trading.

14:15 – Andrew’s style of trading.

20:40 – Breakthroughs for Rimantas.

29:39 – The dangers of algorithm trading.

36:12 – Controlling your emotions.

43:45 – Prop firm trading.

51:49 – How much do you really want to be a good trader?

58:39 – Andrew’s and Rimantas lifestyle outside of trading.

01:05:20 – Controlling your risk as a trader.

01:10:05 – Summary and contacting Rimantas https://www.mt4copier.com/

Hi everybody. It's Andrew Mitchem here at the Forex Trading Coach. I'm, really pleased to be joined today by Rimantas Petrauskas, who's over in Lithuania. Rimantas lovely to see you. Nice. Nice to be there. Thanks Andrew for having me here. Awesome! Look, I think we'll be really cool if we can give everybody the next half an hour or so, depending on how long we spend.

Andrew Mitchem and Rimantas Petrauskas talk trading

Just talking a little bit about us, how we got into trading difficulties are trading, breakthrough secrets. That we found, you know, things that we're looking at doing into the future. Some pitfalls that people may have, you know, the common issues that people fall into. And then to show everybody a little bit about us as people and what we do with, you know, friends, family, hobbies, etc. would be really cool.

If we can do that because, I think we've both got a very similar kind of story, different different topics and different hobbies, but kind of similar in a way on different sides of the planet.

Rimantas’s background and how he got into trading and coding.

So, yeah. Tell us about yourself. Where are you based? And, and you know, family background, etc.. Yeah. So I just mute the phone. It's just buzzing there. So I am from Lithuania. Yes. A small country in Europe. A lot of people don't even heard about it. Like when I travel to US or somewhere, somewhere further from from Europe.

A lot of people though, you know, like, where is it? You know, and I'm like, oh, it's next to Poland, this small country, you know. So we have to do some background story about Lithuania. So yeah, I'm born and raised here all my life. I love living there. Lifestyle, taxes low, you know, all that stuff. And you can pretty much travel anywhere you want, especially with the freedom that you are on business.

And, and trading can give you. Yeah. So that's what I love about it. And, yeah, my story began, I would always say 15, 16 years ago, you know, you know the saying, well, there's this, famous saying, they say, you get you get you get two lives, like the first one when you're born and the second one when you realize that there is not, you know, the time is not unlimited.

Yeah. So that's when you start living. So I remember in like 2009, I went through a lot of transformations. I lost 30kg. I started exercising and started eating healthy. Started learning, you know, developing myself basically got into self-development, reading a lot of books, courses, starting flying to seminars, all that stuff, basically. So there's been going on ever since, you know.

So I always improve myself year after year after year. So I created my own business, got into trading, and it just never stops, you know, and I believe that it's one of the most important things for everybody. It's like, especially those who who feel stuck, you know, those people who feel stuck.