
Chat With Traders
290 · Mark Ritchie II - Price-Action, Swing Trading Equities from the Long Side
Oct 24, 2024
Mark Ritchie II is a seasoned swing and growth trader and the Managing Partner at RTM Capital Advisors. He shares fascinating insights into his trading journey, influenced by his father, emphasizing disciplined risk management and the power of price action. Mark discusses the importance of emotional control and starting small, scaling up when a strategy proves effective. He reveals his systematic stock screening process and how he navigates varying market conditions while maintaining capital efficiency. Mark’s journey showcases the blend of personal growth and strategic trading.
01:00:02
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Mark Ritchie II emphasizes the importance of disciplined risk management and emotional control in navigating variable market conditions for successful trading.
- Active learning and reflection on trades enable traders to improve continuously by analyzing their performance and responding to both wins and losses.
Deep dives
Becoming a Funded Trader
Trading with a firm's money presents a unique opportunity for aspiring traders, allowing them to avoid the risks associated with using their own funds. By completing an evaluation at firms like Trade the Pool, traders can potentially access significant capital, up to $260,000, while retaining a substantial percentage of their profits. This setup encourages disciplined trading, as it requires adhering to risk management principles while striving to hit profit targets. The overall appeal lies in the chance to trade bigger and more effectively, minimizing personal financial exposure.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.