Chat With Traders 312 · Vincent Bruzzese - Battling Irrational Markets - and the Battle Within
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Nov 29, 2025 Vincent Bruzzese, a former statistics professor and poker player, now thrives as a full-time trader known as Hari Seldon. In this conversation, he delves into the challenges traders face in today's narrative-driven market and the psychological battles within. He discusses the significance of discipline and mindset, shares tips on risk management, and explains the importance of structured trading over gambling. Vincent also reveals his innovative walkaway analysis and the value of community support in mastering trading, all while reflecting on his personal journey and recovery from significant losses.
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Market Is Irrational But Price Action Rules
- Vincent says this market is unusually irrational and narrative-driven, making traditional rules less reliable.
- He stresses focusing on defensible trades that align with price action and relative strength against SPY.
Run Trading Like A Business
- Treat trading like a business by targeting consistent monthly returns and limiting variability.
- Set a clear monthly profit goal and aim for a narrow standard deviation around it.
Most Hated Rally Paradox
- The current rally is widely mistrusted despite strong price moves, creating a “most hated rally” dynamic.
- Skepticism causes traders to take profits too early and prevents letting winners run.