Chat With Traders

290 · Mark Ritchie II - Price-Action, Swing Trading Equities from the Long Side

12 snips
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.
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ANECDOTE

Early Influences

  • Mark Ritchie II had little initial interest in trading despite his father's career.
  • Early exposure to probabilistic thinking through games and a camp counselor role shaped his approach.
ANECDOTE

Trading Beginnings

  • Mark's market interest developed after a negative experience with a fraudulent associate.
  • He began trading in 2010 with borrowed capital, focusing on risk management from the start.
ADVICE

Real Money Trading

  • Start trading with real money, even small amounts, to understand emotional impact.
  • Paper trading lacks the crucial element of emotional response and risk.
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