In this episode of 2Traders Podcast, Walter and Darren talk about a hedge fund that made money with losing traders. You’ll see precisely how they did it in this episode and you’ll get a trick to finding profitable trading ideas. Also, you’ll see the most important thing to look at when observing other traders. Darren and Walter also discuss why the institutions are now hiring a different type of prop trader and which gambling game is closest to trading.

Finally, you’ll learn about a rainforest meeting that led to a unique new idea.

Download (Duration: 14:59 /17.1 MB)

In this episode:

01:36 – beginners trading a “demo” account

03:28 – focus on the trader

05:10 – different lego pieces

06:27 – courage to try

09:29 – look out for parallels

11:32 – successful poker players

13:44 – from poker to trading

14:34 – read the context

Tweetables:

Just be brave enough to believe in your own ideas. [Click To Tweet].

The idea can be something very simple but that just works for you. [Click To Tweet].

Don’t just restrict yourself to trading. Look at other fields, look at other things. [Click To Tweet].

Download The Full Episode 45 Transcript Here

Darren: …I think still learn what everybody else is doing because that gives you some context anyway to start from…

Announcer: Two traders, Darren and Walter, pull back the curtain on profitable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders Podcast.

Walter: This is part two of this episode for the Two Traders Podcast. If you haven’t listened to episode one, please go back and listened to that because that’s critical before you jump into part two here.

This is what you’re going to hear in part two. You’re going to hear about the crazy hedge fund that made the winning traders out of losers and how exactly they did this. You’ll also see what is the most important thing that you should pay attention to when you’re looking at other traders.

You’ll learn why the institutions are now hiring a different type of prop trader. You’ll also see where traders get their best ideas from and how you can tap into this also. You’ll learn about the crazy and bizarre rainforest meeting that led to a new idea.

Finally, you’ll see which gambling game is probably most fruitful for traders pay attention to. All these and more in this episode of the Two Traders Podcast.

Walter: …Yeah, that’s interesting. The closest thing I suppose I’ve heard to that was a fund that a friend of mine was running and, what he did was he brought in beginner traders. They weren’t necessarily vetted or anything like that, they were given demo accounts to trade.

What they didn’t know was they are actual accounts and the system reversed their trades. Every losers that they’ve had, when they let the losers run,