Have you ever read a non-trading related book and thought? “That has so many parallels with trading, I’m so glad I read that”

Yep, me too.

Often when we read something unrelated to trading, it changes the way we view ourselves and the market for the better.

In this episode, I share a handful of non-trading-related books that I’ve really enjoyed and that have had a positive impact on my trading.

Maybe you can put a few on your list for Santa Claus.

What are the biggest separators between winning and losing traders?

In this episode I discuss what I believe are the 3 most important traits of winning traders and how to cultivate them in your own trading.

Have you signed up for Trading Plan Pro yet?

Michael Katz is the CEO of online stock trading prop firm Trade The Pool.

In this episode we discuss:

• Michael’s 15-year personal trading journey 
• The psychology of trading company money vs your own
• Discovering new edge through journalling
• The biggest mistakes that he sees traders make
• Attributes of hyper-successful traders
• & much more

If you are looking to explore the online prop world and get funded, or are curious to hear from a prop firm CEO then this episode is a must!

Links:

Trade the pool https://tradethepool.com/

The 5%ers https://the5ers.com/

Trading Plan Pro https://tradingplanpro.com/

Bridging the gap between your trading knowledge and results is often the missing piece of the puzzle.

You have all the technical ability and a deep understanding of the markets but transferring that to a workable and effective strategy can be tough.

In this episode, I discuss a multi-step process for discovering a trading strategy that suits your trading style and personality.

A structured method to help fill the void between trading knowledge and results.

Too often we put ourselves in almost impossible market conditions and demand we perform.

How many times have you reviewed a bad trading day only to think:

“WTF was I thinking even trading that?!”

You got sucked into chop, tried to force trades that weren’t there and paid the price…

So often we think that more discipline is the key. 

Whilst that’s true to some extent, many times we are demanding a flawless day trading performance in a choppy, directionless, low-volatility market.

In our desire to trade we neglect to identify poor trading conditions.

We try and trade those days like every other day only to get chopped up, frustrated or worse start breaking risk rules. 

This in turn sows seeds of doubt, wrecks confidence and affects future trade performance.

In this episode, I discuss tactics to ensure you are trading under the best possible conditions. 

Doing this not only gives you the best chance of growing your equity curve but allows you to improve your discipline and trading psychology in the right environment for traders.

In this episode of the developing trader series I talk to DAX Day Trader Henry about his two year trading journey so far.

We discuss a variety of topics from tactical setups to mindset and trading psychology.

Including:

• Why becoming (uncomfortably!) specialised helped him get traction
• How the VWAP has become a key part of his process
• Ways to stay focused as a full time screen trader
• Framing the day type before the first trade
• The ‘less is more’ approach

Enjoy the episode. I hope you get a few nuggets to take away and implement in your own trading.

Overthinking kills good trades.

You’re about to pull the trigger and your mind just races with reasons why this trade might or might not work.

Worst case scenario you talk yourself out of a great trade. Only to get frustrated seeing it going your way.

Best case scenario you reluctantly pull the trigger, but are so unsure about the trade you get spooked and close the position early.

Ultimately overthinking never serves us.

In this episode I discuss a simple strategy to combat overthinking and become more decisive in your trading decisions.

This is a follow-up interview with the options athlete from Episode 60.

In this episode, we discuss:

• The pros and cons of his big decision to shift market focus from stocks to the ES.
• Setting reasonable rules
• Breaking the day down into chunks
• Adding to trades
• Journaling best practices
• Getting an edge from statistics
• Creating a roadmap for the day
• Why he expects his biggest trades to come after 10 am EST

And so much more.

This was another interesting conversation with a serious and committed trader.

Please enjoy the episode and watch out for part 3.

Links:

Price action program (New statistics module mentioned)

Screenshot of intraday ES charts (Patterns mentioned)

Having three years or more of trading experience can be a tricky place to be.

You can have all the screen time, experience and technical knowledge, but that’s not yet translating into the results you want.

It can be very frustrating.

You feel like you should be doing better. Especially considering all the setbacks, challenges, and market beat downs you’ve recovered from…

This is another fork in the road for many traders.

Do you push on and hope things get better? or take charge of the situation and attack the root cause of stagnant trading progress?

Let’s discuss.

‘I Didn’t Come This Far To Only Come This Far’ - Tom Brady

Robert has an impressive CV, over the years he has worked at many prestigious firms including:

• Fixed income exotics trader at a major investment bank
• Research manager at the Centre for Economic Policy Research
• Head of fundamental strategies and subsequently head of fixed income at one of the UK’s leading hedge funds. (Where he was responsible for strategies trading $5bn of client funds)

He now manages his own wealth as an independent trader using a fully automated trading system, deploying numerous trading strategies across multiple markets. So this trader is a serious player! In this conversation I asked Robert a variety of questions including:

• What was it like working at a hedge fund?
• How can retail compete with hedge funds?
• What does his trading system look like now?
• Mean reversion vs trending strategies
• When to pull the plug on an automated trading system
• Backtesting and curve fitting
• Converting your discretionary trading strategy into an algorithm
• & so much more.

This was a really in depth discussion with a knowledgeable and seasoned trader. Enjoy the episode!

Robert’s website is:

https://www.systematicmoney.org/

Robert’s book are available on his website and amazon:

Leveraged Trading

Smart Portfolios

Systematic Trading

Advanced Futures Trading Strategies