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Join us in this insightful conversation with 20+ year active trading veteran: Peter Reznicek aka Shadow Trader. This is Peter's 2nd appearance on the Speculators Podcast and it's been a pleasure both times because he has an incredible amount of wisdom & experience to share. Our first conversation covered more of his background and personal trading approach/methodology. So with that already covered, this time it allowed us to dive deeper into critical topics like patience & discipline, probabilistic-thinking, managing downside risk, and limitations of technical analysis. Kick back, relax, and enjoy the conversation with me and Shadow Trader in episode 46 of the Speculators Podcast.

➡️ Where You Can Find Peter Reznicek
YouTube: @therealshadowtrader
Website: ShadowTrader.net [Exclusive 10% Discount Code: SP10]
1st Speculators Podcast Appearance https://youtu.be/spwjK5z-rCQ

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https://go.tradacc.com/call

HERE'S WHAT WE COVER:
0:00 Introduction to Peter Reznicek
5:08 Overcoming Market Anxiety for New Traders
9:39 How to Refine Your Trading Edge: Advice for Veterans
11:41 Avoiding Common Trading Pitfalls During Live Sessions
15:08 Mastering Loss Management
18:00 Avoiding Contrarian Pitfalls in Trading
20:45 Recovering from a Major Trading Loss
22:47 Importance of Record Keeping
25:50 Aligning Trades with Market Conditions
30:18 How to Identify the Right Time to Exit a Trade
32:39 Trading Patiently in Low Confidence Markets
36:22 Harsh Realities of Trading: The Difference Between Risk and Edge
39:52 Focusing on Profit Rather Than Just Winning
43:54 Balancing Risk and Reward
47:54 Why a Need for Certainty Can Hinder Success
50:34 The Importance of Specific Advice in Trading

WHO IS KORBS → HOST OF SPECULATORS PODCAST:
My name is Aaron Korbs and I'm a professional intraday Futures Trader specializing in Auction Market Theory, Volume Profile & Order Flow. I'm also the founder of Tradacc.com. Tradacc is a trading education, training, and mentorship platform where I help traders leverage institutional capital using my volume profile methodology through courses like Volume Profile Formula™, Funding Accelerator™ & Profile Method™. I typically work with people that want to create a reliable online side hustle or that would like to turn trading into their main profession.

https://go.tradacc.com/m/korbs
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Happy Trading & Watch Your Risk
- Korbs

Risk Disclaimer
https://go.tradacc.com/Risk

#ShadowTrader #PeterReznicek #WeeklyOptionsAdvisory #SpeculatorsPodcast