The TraderLion Podcast +291% Swing Trading in 2023 - The 3 Powerful Setups of a Top Trader
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Jan 31, 2024 This podcast features an interview with Marios Stamatoudis, a top trader who achieved a 291% annual return. He discusses his trading journey, risk management, and the changes he made to his approach. Marios shares his influences and resources, emphasizing the importance of combining technical analysis with fundamentals. He also talks about his strategy to find powerful stocks and requirements for high probability trades. The podcast covers topics like transitioning from day trading to swing trading, the importance of self-study, different swing trading setups, reducing risk, and using margin in trading. Marios shares his experiences and mistakes, adaptive trading strategies for specific stocks, and provides advice for new traders. The podcast concludes with advice on becoming a successful trader and living a balanced life.
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Early Trading Journey
- Marios Stamatoudis blew up his first trading account in three days, prompting him to study trading more seriously.
- He initially focused on day trading, achieving breakeven in 2017 and triple-digit returns in 2019.
Invest in Knowledge and Passion
- Invest in your trading knowledge and find your passion within the field.
- Study and discover things independently instead of relying on others.
Burnout and Day Trading
- Marios felt burnout and considered quitting despite good results, highlighting the importance of mental well-being.
- Day trading's emotional swings and lack of "professional" feeling contributed to his dissatisfaction.