Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
240: Million Dollar Trader on What it Takes to Get There… & Stay There
Aug 16, 2023
This podcast features an interview with a million dollar trader who shares his journey into trading and the benefits of using the one minute timeframe. They also discuss analyzing different timeframes, building bots, dealing with broker issues, and the challenges and priorities of a trader. The guest gives advice on building a community, practicing, and avoiding greed in trading.
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Quick takeaways
- Studying one's own persona and understanding their behavior in different trading situations is key to gaining better control over decision-making.
- Managing risk in a poker-like manner and developing a solid risk management plan is essential for long-term trading success.
Deep dives
Understanding oneself is crucial in trading
The first piece of advice is to study your own persona and understand how you behave in different trading situations. By observing and recording your responses, you can gain better control over your behavior and decision-making.
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